TCS in China and Standard Chartered Client

TCS in China and Standard Chartered Client | Generated by AI

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Question: How is Tata Consultancy Services (TCS) doing in China, and do they have Standard Chartered Bank (SCB) as a client?

Answer:

TCS (Tata Consultancy Services) in China

Overview

Tata Consultancy Services (TCS) is an Indian multinational technology company specializing in IT services and consulting, headquartered in Mumbai. It operates in 150 locations across 46 countries.

TCS Presence in China

TCS has had a long-standing and significant presence in China:

TCS established its first software development centre in China in Beijing, to tap into the growing Chinese market.
TCS has been expanding its presence in China since 2002 and now operates six Global Delivery Centers in China — in Beijing, Shanghai, Hangzhou, Tianjin, Shenzhen, and Dalian. TCS China currently serves global and domestic clients from financial services, manufacturing, telecom, retail, and automobile industries.
TCS has been recognized in the prestigious annual “TOP20 Service Outsourcing MNCs in China” poll, ranking second overall — an advance from seventh the previous year — and was also awarded “Top 10 Global Service Providers in China.”
TCS’s Tianjin delivery center supports local business opportunities as well as Business Process Outsourcing (BPO) for the Japanese, US, and European markets, aligned with Tianjin’s ambition to become a world-class hub for global BPO operations.

Recent Corporate Developments (Global)

In July 2025, TCS announced it would downsize its global workforce by 2%, or about 12,000 employees, primarily from middle- and senior-level positions, citing a “skill mismatch.”

Does TCS Have Standard Chartered Bank (SCB) as a Client?

Yes, absolutely. Standard Chartered Bank (SCB) is a well-established and prominent client of TCS:

Standard Chartered Bank embarked on an innovation agenda to drive efficiency in end-to-end processing, using the open banking API capabilities of TCS BaNCS to take full advantage of real-time data across corporate actions and securities processing. SCB’s Head of Custody Technology stated that they “gain significant advantages from the functional capabilities and business coverage of TCS BaNCS, with its support for ISO 20022, market readiness, evolving cloud native capabilities, and implementations around the globe.”
TCS and Standard Chartered Bank jointly won The Asian Banker’s prestigious Best Trading Back Office Project Award. The project enabled Standard Chartered Bank to process corporate actions across various markets over a single unified 24/7 platform.
The TCS BaNCS Corporate Actions solution provides flexible, parameterized processing with structured business rules, access to multiple corporate action feeds, and reduced manual intervention to ensure data integrity.

So to summarize: TCS is well-established in China with six Global Delivery Centers serving multiple industries, and Standard Chartered Bank is indeed a long-standing, publicly confirmed client of TCS — particularly through TCS’s flagship banking software product, TCS BaNCS.

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