Tata Consultancy Reshapes Strategy for Emerging Markets

Tata Consultancy Services (TCS) an IT services, business solutions and outsourcing firm out of Mumbai, India, and partner to many billing and operations support systems vendors trying to break into emerging markets, has consolidated its operations in Eastern Europe, the Middle East, Africa and Latin America into a new business unit.

The company appointed Gabriel Rozman as executive vice president of emerging markets. Rozman has been the company’s man in Latin America, Spain and Portugal for five years.

The company said that emerging markets account for 25.5 percent of the $730 billion Global IT Services market. Goldman Sachs estimates that the economies of emerging markets such as Brazil, Russia, India, China and Mexico will account for approximately 50 percent of the world GDP by 2050. Rozman said he will upgrade the company’s presence significantly in the BRIC economies, enter new markets and expand its network of global delivery centers.

TCS has over 108,000 IT consultants in 47 countries.