`

A Project Report On

A Detailed Study on Impact of Performance of Tata Consultancy Services, Infosys and Reliance Industries on Market Value of their Shares during the last 5 years.
Submitted in the Partial Fulfillment of the Requirement for the Degree of Master of Business Administration

Batch- 2008-2011 Under The Guidance of: Dr. Swati Mathur (Lecturer) Submitted By: Gaurav Agarwal Roll no. 15 Enroll. No.A0443298

SETH PADAM CHAND JAIN INSTITUTE OF MANAGEMENT, COMMERCE & BUSINESS ECONOMICS KHANDARI, AGRA CONTENTS

Topic

page no

Certificates

Acknowledgement Introduction of The Topic Objectives of Project Research Methodology Company Profile

Analysis & Interpretation Findings & Suggestions Limitations of Project

Bibliography

Certificate

This is to certify that Gaurav Agarwal is the student of MBA (PT)-VI semester of this college. He has done his project work on A Detailed Study on Impact of Performance of Tata Consultancy Services, Infosys and Reliance Industries on Market Value of their Shares during the last 5 years. Under my guidance . The work submitted by him is original and his own contribution.

(Swati Mathur) (Project Guide)

Declaration

I Gaurav Agarwal the student of Seth Padam Chand Jain Institute of Management, Commerce & Business Economics, Agra. Hereby declares that the project report Entitled A Detailed Study on Impact of Performance of Tata Consultancy Services, Infosys and Reliance Industries on Market Value of their Shares during the last 5 years submitted in the partial fulfillment of MBA degree Course of Dr. B.R.Ambedkar University, Agra for session 20082011 is my own work.

Date: Gaurav Agarwal Place:

MBA (PT) VI SEM Roll No. 15 Enroll. No. A0443298

ACKNOWLEDGEMENT

I would like to thank Dr. Brijesh Rawat, the Director of our Institute. I would also like to acknowledge my project guide Dr. Swati Mathur for her continuous support and assistance which helped in making this study a knowledgeable one. I would also like to thank my coordinator Dr. Alok Saxena & all the faculty members. I would also like to pay sincere regards to my parents for showing me right ways whenever I needed. I would also like to thank my friends who helped me during the course of making this project report.

INTRODUCTION OF THE PROJECT

My Project Topic is A Detailed Study on Impact of Performance of Tata Consultancy Services, Infosys and Reliance Industries on Market Value of their Shares during the last 5 years. in which I am going to find out the performance of Reliance Industries Limited, Infosys& Tata Consultancy Services during the last 5 years & in which I also find the market price of their shares during the last five years and I also find the growth made by the companies during the given time period.

Objectives of the Project

To Analyze the Performance of Tata Consultancy Service, Infosys & Reliance Industries Limited

To Analyze the Market Value of their Shares

To make Financial Comparison companies during the last five years

of

these

To find out the Internal growth of the company during the given time period.

Research Methodology is a way to systematically solve the research problem. It is the systematic gathering, recording & analysis of data of a problem. In this way research methodology includes the overall research design, the sampling procedure & the data collection method.

RESEARCH METHODOLOGY

PROBLEM FORMULATION
This step of statistical activities deals with the exact needs of data, as in this project the performance of RIL, Infosys & TCS are the sources from which the information have been sought in terms of Performance of RIL, Infosys & TCS. Market Value of their Shares. Internal Growth of the companies. Financial Comparison of all the companies.

RESEARCH METHOD

Generally three types of research method are there. Namely observation, experimental & survey method. Out of the following three of research design:Exploratory Research design Descriptive Research Design Casual of Experimental Research Design The first, which is exploratory, is found to be the most appropriate for this study. This type has got some advantages, characteristics, which give it a Weightage.

RESEARCH DESIGN

DATA COLLECTION METHOD

Out of the following two data collection techniques, which are in use generally. 1. Communication 2. Observation Communication suits this project the best. Since communication basically deals with Primary data, which are the only sources of the data base of the project, observation techniques do not fit for this purpose, as these techniques deals with Secondary data.

DATA COLLECTION Data is collected in two ways: (a) Primary Data (b) Secondary Data Secondary Data: Secondary Data is collected from
Newspapers, Magazines & Companies Website etc.

DATA ANALYSIS AND INTERPRETATION

Here the data is categorized, edited, coded, & tabulated according to simple tabulation, these tables are somewhere assisted by other models of pictorial representation like bar diagram, pie chart etc. Each table is interpretated separately. The summary recommendation & conclusion are based on statistical analysis of data.

REPORT PRESENTATION

After the analysis of data, arrange the research result according to an approve reporting formula, get the report

typed & bind & design the copy of report to the concern authority.

The Reliance Group, founded by Dhirubhai H. Ambani (1932-2002), is India's largest private sector enterprise, with businesses in the energy and materials value chain. Group's annual revenues are in excess of US$ 44 billion. The flagship company, Reliance Industries Limited, is a Fortune Global 500 company and is the largest private sector company in India. Backward vertical integration has been the evolution and growth of Reliance. Starting with textiles in late 70s, Reliance pursued a strategy of backward vertical integration- in Polyester, Fibre Intermediates, Plastics, Petrochemicals, Petroleum refining and Oil & Gas exploration and production to be fully integrated along the materials and energy value chain.

The Group's activities span exploration and production of oil and gas, petroleum refining and marketing, petrochemicals (polyester, fibre intermediates, plastics and chemicals), textiles, retail and special economic zones. Reliance enjoys global leadership in its businesses, being the largest polyester yarn and fibre producer in the world and among the top five to ten producers in the world in major petrochemical products. Major Group Companies are Reliance Industries Limited (including main subsidiary Reliance Retail limited) and Reliance Industrial Infrastructure Limited.

BOARDS OF DIRECTORS
No. Name of The Directors 1. 2. 3. 4. 5. 6. 7. 8. 9. Mr. Mukesh D. Ambani Mr. Nikhil R Meswani Mr. Nikhil R Meswani Mr. PMS Prasad Mr. P.K. Kapil Mr. Ramniklal H. Ambani Mr. Mansingh L. Bhakta Mr. Yogendra P. Trivedi Mr. Dr. D.V. Kapur Designation Chairman& Managing Director Executive Director Executive Director Executive Director Executive Director Non-Executive Director, Non Independent Director Independent Director Independent Director Independent Director Independent Director Independent Director Independent Director Independent Director

10. Mr.M.P. Modi 11. Prof. Ashok Mishra 12. Prof. Dipak C Jain 13. Dr. Raghunath A Mashelkar

PROMINENT AWARDS TO THE COMPANY

Year Awards

1994 Reliance Industries Limited is one of the 30 safest companies in the world. The Company won many National & International award for Safety measures. British Safety Council- 5 Star rating for Hazira And Patalganga sites. ATMA Safety Award from the Ahmadabad Textiles Mills Association for the Lowest Disabling Injury Index in August. 1995 Reliance has won the Top Exporter of Plastic Raw Material from Plastic and Linoleum Export Promotion Council. In Dec.1995, Reliance received an award for achieving the lowest disability index for its Naroda textiles plant. The Patalganga complex was conferred the Golden Peacock National Quality Award. 1996 Reliance won the 1st prize for Energy Conservation in Petrochemical sector. It is an achievement that the company has won a special Award from the Ministry of Power. The Company won the Award of Honour from the National Safety Council of USA. 1998 Baroda Productivity Council 1st rank trophy for Good House Keeping Contest for Petrochemical Complex. National Award (DGTD) for Technology Development of PSF waste recovery thorough glycolysis 1999 In August Reliance has been named amongst the Worlds best managed companies by Industry Week. Reliance has been selected as the Leading Company in India in Dec. in the Asias Leading Companies

Survey of Far Eastern Economic Review. 2000 During the year, Company was ranked several times among the global best, reaffirming the Companys growing profile in the world market. In July, Reliance emerged amongst the Top five fastest growing chemical companies in the world in a Survey conducted by the American Chemical Society. The Reliance website, www.ril.com was named as the best Asian Corporate website in an analysts and investors survey conducted by Financial Intelligence Asia (FIA). 2001 It became the 1st Private Sector Company to enter in the l1stof Forbes International 500 companies. During the year, Taylor Nelson Sofres-Mode (TNSMode) survey rated Reliance as Indias Most Admired Business House. Reliances US$750million 6 year syndicated loan was named IFR Asias The Capital Market Deal of the Year. Reliance was selected as one of the Best Employers in India by BT-Hewitt Associates survey. 2002 Reliance Industries Limited was ranked at number 3 in Indias Most Respected Companies l1stpublished by Businessworld. Reliance Industries Limited was the only Indian company to feature among Asias ten most creditworthy companies in The Asset Annual Benchmark Survey of Asias Best Credits Reliance Group emerged as Indias Most Admired

Business House in the Business Barons-TNS Mode Opinion Poll for 2002.

2003 In Dec.2003 reliance emerged at no. 2 in the category of Overall Best Managed Company of India in Asiamoney (Honk Kong). Reliance Industries Limited ranked 306th in the Forbes Global 500, a ranking of Worlds Largest Public Companies in July 2003. Reliance Industries emerged as the Best Managed Company in India in a study by Business Today & A.T. Kearney in June 2003. 2004 Reliance Industries Limited emerged as the Ist& only private sector company from India to feature in the 2004 Fortune Global 500 l1stof Worlds Largest Corporations, July 2004. Reliance Industries Limited emerged as the Petrochemical Company of the year at the 6th annual Platts Global Energy Awards in New York, USA Dec.2004. Reliance Industries Limited emerged as the Asias Best Chemical Company in the 7th annual survey of the Worlds Best Companies in 2004 conducted by the Global Finance Magazine Nov.2004. 2005 Best Overall Company at the Stevie Awards. In terms of growth, Reliance Industries Limited found place in the elite worlds top 25 climbers in the

Fortune Global 500 companies. 2006 The 1st NDTV Profit Global Indian Leader award to Shri Mukesh Ambani presented by Honble Prime Minister Manmohan Singh. The United States India Business Council honoured Shri Mukesh Ambani in Washington at USIBCs 32nd Anniversary Leadership Award for Global Vision. CNBC-TV18 India Leadership Award- the newly instituted award Hall of Fame given to Shri Dhirubhai Ambani. 2007 Shri Mukesh Ambani was awarded the Business Leadership Award 2007 by NDTV Profit. Shri Mukesh Ambani was awarded the Defence India Excellence Award 2007. The Award is a salute to those who have made the country proud. Shri Mukesh Ambani was elected to be a member of the Honorary Fellows of The Institution of Chemical Engineers, UK. 2008 Shri Mukesh Ambani was conferred the Outstanding Business Leader of the Year Award by CNBC TV18. Shri Mukesh Ambani was conferred the Leadership Award for Global Vision by the United States India Business Council. Shri Mukesh Ambani was conferred the Indian of the Year by NDTV. This is Indias most prestigious award for the outstanding contribution towards the betterment of the nation. 2009 Reliance Industries Limited is ranked 75th in 2009, in Ft Global 500.

Reliance Industries Limited, ranked at the 11th position, as the only Indian Company in the 25 A T Kearney Global Champions for 2009. The Allahabad Manufacturing Division bagged the Golden Jubilee Award from the Eastern UP Chamber of Commerce & Industry for extraordinary accomplishments in2009.

MAJOR MILESTONES OF THE COMPANY

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Reliance Industries Limited joins the league of global deepwater oil and gas operators- Reliance Industries Limited commenced production of hydrocarbons in its KGD6 block in the Krishna Godavari Basin with the production of sweet crude of 42degree API. The production of oil in KG-D6 was commissioned in just two years over of its discovery, making it the worlds fastest green-field deepwater oil development project. During the year, reliance signed an agreement to acquire certain polyester assets of Hualon, Malaysia. Reliance also signed Memorandum of Understanding with GAIL India Limited to explore opportunities of setting up petrochemicals plants in feedstock rich countries outside Reliance Petroleum Limited continued the second year of implementation of its refinery project with an overall project progress of 90%. Value creation through integration- A landmark merger of Indian Petrochemical Corporation Limited with Reliance Industries Limited has been completed. Reliance Retail entered the organized retail market in India with the launch of its convenience store format under the brand name of Reliance Fresh Reliances debt ratings from S&P & Moodys pierce Indias sovereign ratings. Reliance becomes Indias 1st private sector enterprise to cross US$2 billion profit mark. The Mumbai High Court, shareholders and creditors approve demerger proposal. Reliance Industries Limited emerge as the

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MAJOR FINANCIAL MILESTONES OF THE RELIANCE INDUSTRIES LIMITED

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Revenue crossed Rs.200,000 crore mark (Rs.200,400 crore, US$44.6 billion), Net Profit crossed Rs.16,000 crossed mark (Rs.16,236 crore,US$ 3.6 billion) and Total Assets crossed Rs. 250,000 crore mark unparalleled in the Indian Private Sector Exports crossed Rs.1,00,000 crore mark, 14.5% of India Total Export. Reliance Industries Limited declares Dividend of 70% payout of Rs. 2,084Crore, one of the highest in the Indian Private Sector. Total assets crossed Rs. 200,000 crore mark, Net worth crossed Rs. 100,000 crore mark, unparalleled in the Indian Private Sector. Reliance Industries Limited declares Dividend of 130% payout of Rs. 1,897 Crore, one of the highest in the Indian Private Sector Revenue crossed Rs 130,000 crore mark, Net Profit crossed Rs. 15, 000 crore mark and Total assets crossed Rs. 140,000 crore mark, unparalleled in the Indian Private Sector. Exports crossed Rs.80, 000 crore mark, 13.4% of India Total Export. Reliance Industries Limited declares Dividend of 130% payout of Rs. 1,631 Crore, one of the highest in the Indian Private Sector. Revenue crossed Rs 100,000 crore mark, Net Profit crossed Rs. 10, 000 crore mark and Total assets crossed Rs. 100,000 crore mark, unparalleled in the Indian Private Sector. Exports crossed Rs.60, 000 crore mark, 12% of

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MAJOR SUBSIDIARIES & ASSOCIATES OF THE RELIANCE INDUSTRIES LIMITED

Major Subsidiaries: Reliance Retail Limited Reliance Fresh Limited Reliance Dairy Foods Limited Reliance Gems and Jewels Limited Reliance Gas Corporation

Reliance Retail Securities and Broking Company Limited

Reliance Polymers (India) Limited International Oil Trading Limited Reliance Chemicals Limited

Reliance Industries Limited USA Inc.

LPG Infrastructure (India) Limited Reliance Holding USA, Inc. Reliance Oil & Gas Mauritius Limited Reliance Corporate Services Limited Reliance Home Products Limited

Reliance Style Fashion India Limited

Infotel Telecom Limited Infotel broadband Services Limited

Reliance Haryana SEZ Limited

Reliance Industries (Middle East) DMCC GAPCO Kenya Limited Reliance Polyolefins Limited Major Associates:

Reliance Industrial Infrastructure Limited

What We Do
Infosys Technologies Ltd. (NASDAQ INFY) was started in 1981 by 7 peoples with US$250. Today, we are a global leader

in the next generation of IT and consulting with revenues of US$ 5.7 billion. Infosys defines designs and delivers technology-enabled business solution for Global 2000 companies. Infosys also provide a complete range of services by leveraging our domain and business expertise & strategic alliances with leading technology providers. Our offerings span business & technology consulting, application services, systems integration, product engineering, custom software development, maintenance, re-engineering, independent testing and validation services, IT infrastructure services & business processing outsources. Infosys pioneered the Global Delivery Model (GDM), which emerged as a disruptive force in the industry leading to the rise of offshore outsourcing. The GDM is based on the principle of taking work to the location where the best talent is available, where it makes the best economic sense, with the least amount of acceptable risk. Infosys has a global footprint with 65 offices & 59 development centers in India, china Australia, the Crezch Republic, Poland, United Kingdom, Canada & Japan. Infosys & its subsidiaries have 127,779 employees as on Dec.31, 2010 Infosys takes pride in building strategic long-term client reletionships.Over 97% of our revenues comes from existing customers.

Who We Are Vision

"We will be a globally respected corporation."

Mission
"To achieve our objectives in an environment of fairness, honesty, and courtesy towards our clients, employees, vendors and society at large."

Values
We believe that the softest pillow is a clear conscience. The values that drive us underscore our commitment to: Client Value: To surpass client expectations consistently. Leadership by Example: To set standards in our business and transactions and be an exemplar for the industry and ourselves. Integrity and Transparency: To be ethical, sincere and open in all our transactions. Fairness: To be objective and transaction-oriented, and thereby earn trust and respect. Excellence: To strive relentlessly, constantly improve ourselves, our teams, our services and products to become the best. A Magnet for the Best Global Talent Fortune magazine identified Infosys among the top companies that "inspire, nurture and empower a new generation of global leaders." We are committed to remain among the industry's leading employers.

Quality Focus
'In God we trust, everyone else must come with data' is an oftheard phrase at Infosys. We constantly benchmark our services and processes against globally recognized quality standards. Our certifications include SEI-CMMI Level 5, CMM Level 5, PCMM Level 5, TL 9000 and ISO 9001-2000. In February 2007, Infosys BPO was certified for eSCM level 4.0, the

eSourcing Capability Model for Service Providers developed by a consortium led by Carnegie Mellon University's Information Technology Services Qualification Centre.

Innovation, Speed and Excellence in Execution

We were one of the 1st companies to develop and deploy a global delivery model and attain SEI-CMMI Level 5 certification our offshore and onsite operations. We manage growth by investing in infrastructure and by rapidly recruiting, training and deploying new professionals. We have 63 global development centers, the majority of which are located in India.

Industry Leadership
Our history is marked by a series of firsts. We were the 1st Indian company to l1ston a US stock exchange and the 1st Indian company to do a POWL in Japan. In December 2006, we became the 1st Indian company to be added to the NASDAQ100 index and became the only Indian company to be part of any of the major global indices. We were recently listed on The Global Dow. Infosys was also ranked No. 14 among the most respected companies in the world by Reputation Institute's Global Pulse 2008.

BOARDS OF DIRECTORS
No. Name of The Directors 1. Mr. N.R. Narayana Murthy 2. 3. Mr. S. Gopalkrishnan Mr. S.D. Shibulal Designation Chairman of the Board & Chief Mentor Chief Executive Officer & Managing Director Chief Operating Officer & Member of the Board

4.

Mr. K. Dinesh

5.

Mr. T.V. Mohandas Pai

6. 7. 8. 9. 10. 11. 12. 13. 14. 15.

Mr. Srinath Batni Dr. Marti G. Subrahmanyam Mr. David L. Boyles Dr. Omkar Goswami Mr. Sridar lyengar Mr. K. V. Kamath Mr. Deepak M. Satwalekar Mr. Jeffrey Sean Lehman Mr. R Seshasayee Mr. Ravi Venkatesan

Director & Head, Communication Design Group, Information System & Quality & Productivity Members of the Board of Directors & HeadAdministration, Education& Research Finance, HR & Infosys Leadership Institute Director & Head, Delivery Excellence Lead Independent Director Independent Director Independent Director Independent Director Independent Director Independent Director Independent Director Independent Director Independent Director

PROMINENT AWARDS TO THE COMPANY

Year Awards

1993 Received the Trophy for Excellence in Export Performance, Ministry of Commerce, Govt. of India. 1994 Won the Best Annual Report Award, Institute of Chartered Accountants of India, New Delhi Received the "All India Shield" Award for Excellence in Export in the Electronics and Computer Software

Section, Electronics and Computer Software Promotion Council, New Delhi. 1995

Won the Lloyds Rolling Trophy for Global Excellence, CRB Capital Markets Ltd. Won the Best Annual Report Award, Institute of Chartered Accountants of India, New Delhi.

Voted as one of Asia's Best Managed Companies by Asiamoney. Won the Special Award for Excellence under the 1996 category "Innovation of new products", Electronics and Computer Software Export Promotion Council, New Delhi. Received the Award of Certificate of Merit for Exports Performance, Ministry of Commerce, Govt. of India. 1997 Infosys was judged one of India's most remarkable and rapidly-growing entrepreneurial companies by the World Economic Forum. Infosys won the "Best Regional Company" Award, Bangalore Stock Exchange. Infosys received the National IT Award under "Best Packaged Application Category" for Bancs2000, Computer Society of India. Voted one of Asia's Best Managed Companies by Asiamoney. Won the award for the Best Published Corporate 1998 Accounts in the non-financial sector for 1996-97 awarded by the South Asian Federation of Accountants.

Ranked 1st in the "Award for Corporate Excellence", Economic Times, India. Best Annual Report Award for 1997-98 from the Institute of Chartered Accountants of India, New Delhi. Won "Company of the Year" from the Economic Times Awards for Corporate Excellence. Infosys was selected as one of Asia's Leading Companies in the Far Eastern Economic Review's REVIEW 200 Survey. We were selected as one of the top 10 companies in India -- ranked second in "Overall Leadership" and 1st as "the Company that Others Try to Emulate". Infosys was voted India's most admired company by The Economic Times Survey of India's Most Admired Companies. Won the Best Managed Company award (1999) by Asiamoney magazine. Won the Dataquest IT Path breaker award. Selected as "Organization with progressive business strategies" by the World Strategy Forum. Featured in Forbes Magazine's l1stof 20 most promising small companies in the world. Received the IETE Corporate Award for Performance Excellence in Electronics, Telecommunications and IT Industry for the year

1999

1999 from Institution of Electronics & Telecommunication Engineers.

Received the ICAI Silver Shield for Best Presented Accounts for the fourth consecutive year. Awarded the status of an International Super Star Service Export House in accordance with the provisions of the Government of India's new Export Import (Exim) Policy. Infosys was the 1st company to get this status. National Award for Excellence in Corporate Governance - Sponsored by the Unit Trust of India. The Business Today-Hewitt Study, to find out which companies have really charged the 'emotional and intellectual energy' of their managerial employees, rates Infosys Technologies as the Best Employer of India. Infosys was 1st in a survey of a hundred and fifty five companies. Only two years after making its debut in the Far Eastern Economic Review's Review 200 listings, Infosys has topped the Indian corporate rankings.

2000

Voted India's Best Managed Company four years in a row (1996, 1997, 1998 and 1999) by the Asiamoney poll. For the fifth year in succession, Infosys received the Silver Shield from the Institute of Chartered Accountants of India for the Best Presented Accounts among the entries received from nonfinancial, private sector companies, for the year 1998-99.

Infosys was awarded the "National Award for Excellence in Corporate Governance" by a panel of judges chaired by Former Chief Justice of India, Shri P.N. Bhagwati. This award is conferred by the Government of India and sponsored by Unit Trust of India. Infosys was awarded the Ramakrishna Bajaj Quality Award, based on the Malcolm-Baldrige criteria by the Indian Merchants' Chamber. Infosys won the "Best Regional Software House" award, given by Financial Technology Asia Magazine, Hong Kong. Won a special award as "Technology Pioneer" (2000) from the World Economic Forum.

Won the Corporate Award for excellence in Corporate Governance, Bombay Stock Exchange. Mr. N.R. Narayana Murthy, Chairman and CEO, 2001 named among the "25 most Influential Global Executives" by TIME/CNN Infosys was ranked number one among the most respected companies in India by the Business World-IMRB Survey. Infosys was also ranked number one on 13 of the 18 parameters judged by the survey. Infosys was ranked No.24 in the Smart 100 l1stby Smart Partner magazine. Ranked 45 among the top 100 Market Leaders by the Diamond Cluster Center for Market Leadership

in 2000 2001.

Infosys has been ranked No.2 in Corporate Governance in a survey of 495 emerging market companies by CLSA Emerging Markets. The Institute of Chartered Accountants of India has adjudged the "Annual Report and Accounts" of Infosys for the year ended March 31, 2000 as the best among the entries received from Non-Financial Private Sector Companies for the Best Presented Accounts Competition 1999-2000. This is the sixth consecutive year that Infosys has won the Silver Shield. Infosys awarded CII-Exim Bank Award for Business Excellence. Infosys wins prestigious Annual Corporate University Exchange Excellence Award for 2002, for 'Aligning Corporate Learning to Business Strategies.' 1st rank among 37 India-based companies in the Review 200 - Asia's Leading Companies survey 2001 - by the Far Eastern Economic Review. Ranked No.1 in the "Best Employers in India 2002" survey conducted by Hewitt Associates for the second consecutive year. 1st rank in the Dataquest "Employee Perception Survey" carried out in the top 20 Indian software companies. 1st rank in the Business Worlds survey of "India's Most Respected Company".

2002

Corporate Citizenship Award by The Economic Times The Institute of Company Secretaries of India National Award for Excellence in Corporate Governance by the Ministry of Law, Justice and Company Affairs, Department of Company Affairs, Government of India. Golden Peacock Award for Excellence in Corporate Governance in the Global Category by the World Council for Corporate Governance, London. Ranked No.1 in CG Watch 2002, a corporate governance survey of emerging market companies by CLSA Emerging Markets. The Institute of Chartered Accountants of India award for best presented annual report in 2001 for the seventh successive year. Award recognizing contributions in the social area using IT by Computer World magazine. Best regional software house award by Financial Technology Asia. Asiamoney award for best Investor Relations in India for managed company of the decade in India 1991-2001. 2001, best managed company in India for 2001 and best Award for outstanding contribution towards the promotion of Indo-German Economic Relations2001 by the Indo-German Chamber of Commerce.

2003

Infosys wins the prestigious Global Most Admired Knowledge Enterprises (MAKE) Award. Infosys ranked 34 among WIRED Magazine's 40 Companies that are reshaping the Global Economy Business Week ranks Infosys 74 among the top 100 Fastest Growing IT Companies in the World Infosys has been presented with a Texas Instruments (TI) 2001 Supplier Excellence Award

Ranked as the No.1 Employer in the IT sector by Dataquest for the second time in a row. Ranked the Best Employer in India by Business Today-Hewitt in their annual survey. Rated among the best Under a Billion Forbes Global 200 small companies for 2002 by Forbes Global. Awarded the Global Corporate Achievement Award 2002 for Asia Pacific Region by Economist Intelligence Unit [EIU]. Awarded Diamond Award for the marketing initiative WIBTA by Information Technology Services Marketing Association [IMTA]. Ranked as the Best Managed Company In India by Asiamoney. Ranked No.1 among Asia's Leading Companies in India by Far Eastern Economic Review. Rated the Most Respected Company in India by

Businessworld.

2004

Rated the Most Globally Competitive Company, Most Dynamic Company, Most Ethical Company and Best IT Company by Businessworld. A Financial Times-PwC survey listed Infosys among 50 companies that demonstrate the most integrity Featured among the first 250 companies of the Deloitte Touche Tohmatsu Asia Pacific Technology Fast 500 Infosys has won the Golden Peacock National Quality Award for 2004.

Award from Global Finance magazine as the Best Company in the Computer Software Sector in Asia. Infosys is ranked as one of the World's Most Respected Companies in the Financial Times-PWC annual survey. Infosys Ranked as the Best Offshoring Partner for 2004 by Waters magazine. Business Week ranks Infosys among the Top 3 IT Services Companies in the world. Ranked at number 11 in The Wired magazines list of 40 top technology companies. Computer World ranks Infosys among "The 100 best places to work for in the U.S. in IT. Infosys in Forbes-A list.

Rated as India's most respected company by FTPwC survey.

Infosys training and development team won the American Society for Training and Development (ASTD) BEST Award. 2005 First position in SAFA (South Asian Federation of Accountants) Best Presented Accounts Award 2004 in the Communication and Information Technology Sector based on the evaluation of the Annual Report of the company Business 2.0 ranks Infosys at No. 8 among Fastest Growing Tech Companies Infosys ranks No. 9 on The Wired 40 Infosys named India's Best Managed Company based on a study conducted by Business Today and A.T. Kearney Infosys tops the regional rankings for best Corporate Governance in Asiamoney's Corporate Governance Poll. Best Annual report award from the Institute of Chartered Accountants of India for tenth successive year. 2006 Infosys Named Sainsbury's 2006 IT Supplier of the Year. Nandan M. Nilekani conferred the Padma Bhushan, 2007 India's third highest Civilian award, by theto win Nielsen Infosys becomes the first Indian company Government Norman Group's Intranet Design Annual Award. Infosys receives Balanced Scorecard Hall of Fame Award for Executing Strategy.

Infosys Ranked 14 in FinTech 100.

Infosys BPO conferred Provider of the Year award by FAO Today. Infosys Awarded Best-In-Class ITSMA Marketing Excellence Diamond Award. Infosys Positioned in the Leaders Quadrant for European Offshore Application Services Pages. Infosys Ranked No.1 offshore service provider in securities processing BPO. Infosys Consulting Co-Founder Named to Consulting Magazines Top 25 Consultants. Infosys Named Wachovia's "IT Vendor of the Year". Infosys received the '2007 Vendor of the Year' award from Ameriprise Financial. Infosys wins Global MAKE award for the fourth year. Infosys in Fortune's Top 10 Companies for Leaders. Waters readers name Infosys as Best Outsourcing Partner. Infosys in Dun & Bradstreets Top Indian IT Companies 2007. Forrester names Infosys a Leader in Global IT Infrastructure Outsourcing.

Infosys Named Royal Bank of Scotland Group's 2007 "Best Technology Supplier". Infosys Receives Two "Partner in Progress" Awards from Sears Holdings Corporation. Infosys won the poll for the New Age Employer of Choice Award 2007 conducted by CNBC TV18, CNBC Awaaz and Moneycontrol.com. 2008 Infosys selected as a member of The Global Dow. Infosys BPO recognized at the Asia Business Continuity Awards. Infosys BPO recognized at the Six Sigma Global Summit. Infosys BPO wins special award at the 2008 NOA Awards. Infosys Cited as a Leader in Oracle Implementation Services by Independent Research Firm. Infosys Australia achieves enhanced CMMI Level 5 quality standard.

Infosys wins first-ever RMMY award for Customer Relationship Management. Infosys wins the NASSCOM Gender Inclusivity Award. The Asset magazine acclaims Infosys' Corporate Governance.

Infosys BPO wins the Global Six Sigma award. Infosys Annual Report 2008 wins LACP Platinum Award. Infosys wins Sears Holding Corporation's Partners in Progress award for the second consecutive year. Infosys wins Eastman Chemical's Supplier Excellence Award for the second consecutive year. Infosys ranked No. 14 among the most respected Companies in the world by Reputation Institute's Global Pulse 2008. Infosys wins Award for Best Investor Relations by an APAC company in the U.S. market at IR Magazine U.S. Awards 2008.

Infosys wins Investor Relations Global Rankings 2008 Awards in APAC categories. Infosys moved up to No. 14 on FinTech 100, an international annual listing of the top 100 global application and service providers to the financial services industry. 2009 Infosys wins RMMY award for client management of large outsourcing relationships. Independent Research Firm Names Infosys as a Leader among Oracle Service Providers. Infosys among Asia's Most Admired Knowledge Enterprises. Infosys Honored with Oracle Titan Partner

Award at Oracle Open World 2009. Infosys Siebel Business Process Testing Solution Named "Partner Solution Offering of the Year" at HP Software Universe 2009. Infosys Named as a Top Supplier for Sears Holdings Corporation. Independent Research Firm Names Infosys as a Leader in SAP Implementation. Infosys BPO Bags Excellence Award for Diversity Hiring Initiatives. Infosys BPO Receives e-SCM-SP Capability Level 5 Certificate from Carnegie Mellon University's ITSqc. Infosys Cited as a Leader in North American SOA Systems Integration Services Market by Independent Research Firm. Infosys BPO receives "positive" rating in leading analyst firm's Comprehensive Finance and Accounting Business Process Outsourcing Market Scope report. Infosys listed on Forbes' Asian Fabulous 50 for the fourth consecutive year. Infosys ranked among the Greenest Brands in India. Infosys in 'India's Best Companies to Work For: Survey by Great Place to Work Institute. Infosys in Fortune's 100 fastest-growing Companies.

Infosys, the Best Outsourcing Partner: Waters Rankings 2009. Infosys has received the Highest rating on Corporate Governance by ICRA. Infosys was ranked among the Top 50 Most Respected Companies in the world by Reputation Institute's Global Reputation Pulse 2009. Infosys listed among Best Companies for Leaders by Hay Group and Chief Executive Magazine. Infosys wins the RMMY 'Best in Show' award for the third year in a row Infosys Among Top 20 Global Companies to Win the Most Admired Knowledge Enterprises (MAKE) Award 2010 Infosys, the most admired Indian company: The Wall Street Journal Asia 200 survey Infosys is ranked among the top ten value-creating technology and telecommunications companies by The Boston Consulting Group Telstra and Infosys won Best ITSM (IT Service Management) Project of the Year, the top industry award bestowed by it SMF Australia, the peak body for ITSM in Australia Infosys BPO was recognized for outsourced services delivery at the Shared Services & Outsourcing Network (SSON) 2010 North

2010

American and Australasian Shared Services Excellence Awards.

Infosys was voted the best company in management, corporate governance, investor relations, and corporate social responsibility (India) in a Finance Asia magazine survey. Infosys ranked 2nd in The International Association of Outsourcing Professionals 'Global Outsourcing 100'. Infosys BPO wins the "Most Dynamically Developing BPO Center in Poland" award from Forbes Magazine. Infosys ranked among 'Best Companies for Leaders'. Infosys ranked among the best in investor relations in APAC region. Infosys wins award for the 'Best investor relations by an APAC company in the US market'. Infosys BPO wins "BPO Organization of the Year" and "Fun at Work" awards from Stars of the Industry.

Infosys has been voted in The Asset Triple A Corporate Awards - Gold Award for Investor Relations in Technology in USA. Infosys, the most sought-after company in India: Business Today Survey.

2011

Infosys wins American Society for Training & Development (ASTD) award for excellence in inclusivity. Infosys wins Platinum Award in The Asset Corporate 2010 Awards. Forrester names Infosys a Leader in IT Infrastructure Outsourcing. Infosys is India's best company for corporate governance: Asiamoney poll. Infosys is India's most respected company Businessworld. Infosys, the most preferred company to work for in India Business Today survey.

Heritage and Values

Established in 1968, Tata Consultancy Services has grown to its current position as the largest IT services firm in Asia on the basis of its outstanding service record, collaborative partnerships, innovation and corporate responsibility. We are proud of our heritage as part of the Tata Group, which founded by Jamsetji Tata in 1868 is one of Indias most respected institutions today. Values and Purpose Purpose At the Tata group we are committed to improving the quality of life of the communities we serve. We do this by striving for leadership and global competitiveness in the business sectors in which we operate. Our practice of returning to society what we earn evokes trust among consumers, employees, shareholders and the community. We are committed to protecting this heritage of leadership with trust through the manner in which we conduct our business. Quality Framework: We are the worlds first organization to achieve an enterprisewide Maturity Level 5 on both CMMI and P-CMM, using SCAMPISM, the most rigorous assessment methodology. Additionally, TCS Integrated Quality Management System (iQMS) integrates process, people and technology maturity through various established frameworks and practices including IEEE, ISO 9001:2008, CMMI, P-CMM, ISO 27001, ISO 20000, ISO 14001, OHSAS 18001 and Six Sigma.

Corporate Facts
Who We Are: Tata Consultancy Services is an IT services, business solutions and outsourcing organization that delivers

real results to global businesses, ensuring a level of certainty that no other firm can match. What We Offer: TCS offers a consulting-led integrated portfolio of IT and IT-enabled services delivered through its unique Global Network Delivery Model (GNDM), recognized as the benchmark of excellence in software development. Lineage: TCS is part of the Tata group, one of Indias largest industrial conglomerates and most respected brands. Workforce: TCS has over 198,500 of the worlds best-trained IT consultants in 42 countries. Financial Information: Revenue of $8.2 billion (fiscal year ending March 31, 2011). Stock Symbols NSE & BSE The TCS Difference: Features like our GNDM, Solution Accelerators, Innovation Network and other capabilities set us apart. Alliances: TCS has a strong network of strategic and solution partners with a joint objective of helping its customers become high-performance businesses by maximizing the value of their technology investments. Global Alliances We have a strong network of partners with a joint objective of helping our customers become high-performance businesses by maximizing the value of their technology investments. Our partner programs are specifically designed to jointly work on partner tools and receive the necessary training, support and resources on partner technology products.

TCS global alliance mission in partnering with various organizations is to ensure that both TCS and the partner organizations derive the maximum benefits of our relationship, in terms of growth of services and products. Business Value for Our Clients Reduced risks and costs associated with the technology procurement process and technology ownership Competitive advantage by leveraging TCS industry, product and service expertise and the partners technology products and services Reduced IT costs with cost-effective solutions at scale Reduced risks through end-to-end solutions Ability to leverage training resources to help you plan and build solutions using Partner products Seamless solutions The TCS-Alliance Partner Advantage Partner organizations and TCS work together to create new offerings Privileged access to development software, architectural expertise, sizing and configuration assistance Key benefits and resources for building and selling solutions supporting Partner systems Joint go-to-market initiatives

BOARDS OF DIRECTORS
No. Name of The Directors 1. 2. 3. 4. 5. Mr. Ratan N. Tata Mr. S. Ramadorai Mr. Laura Cha Prof. Clayton m Christensen Mr. Aman Mehta Designation Chairman Vice Chairman Director Director Director

Dr. Ron Sommer Mr. Venkatraman Thyagarajan 8. Dr. Vijay Kelkar 9. Mr. Ishaat Hussain 10. Mr. N Chandrasekaran 11. Mr.S Mahalingam 12. Mr. Phiroz A Vandrevala

6. 7.

Director Director Director Director Chief Executive Officer & Managing Director Chief Financial Officer & Managing Director Executive Director and Head, Global Corporate Affairs

MAJOR MILESTONES OF THE COMPANY

186 8 187 4 190 2 Jamsetji Nusserwanji Tata starts a private trading firm, laying the foundation of the Tata group. The Central India Spinning, Weaving and Manufacturing Company is set up, marking the group's entry into textiles and its first large-scale set The Indian Hotels Company is incorporated to up the Taj Mahal Palace and Tower, India's first luxury hotel, which opened in 1903.

190 7

The Tata Iron and Steel Company (now Tata Steel) is established to set up India's first iron and steel plant in Jamshedpur. The plant started production in 1912. Sets up its first office overseas, Tata Limited in London. The first of the three Tata Electric Companies, The Tata Hydro-Electric Power Supply Company is set up. The second, Andhra Valley Power Supply Company was established in 1917 and Tata Power in 1919. The first two companies were merged with Tata Power in 2000 to form a single entity. The Indian Institute of Science is established in Bangalore to serve as a centre for advanced learning. Tata Steel introduces eight-hour working days, well before such a system was implemented by law in much of the West. The Tata enter the consumer goods industry, with the Tata Oil Mills Company being established to make soaps, detergents and cooking oils. The company was sold to Hindustan Lever (now Unilever) in 1984. Tata Airlines, a division of Tata Sons, is established, opening up the aviation sector in India. Air India was nationalized in 1953. Tata Chemicals, now the largest producer of soda ash in the country, is established. Tata Engineering and Locomotive Company (renamed Tata Motors in 2003) is established to manufacture locomotive and engineering products. Jawaharlal Nehru, India's first Prime Minister, requests the group to manufacture cosmetics in India, leading to the setting up of Lakme. The company was sold to Hindustan Lever (now Unilever) in 1997. India's major marketing, engineering and manufacturing organisation, Voltas, is established.

191 0

191 1 191 2 191 7 193 2 193 9 194 5 195 2 195 4

196 2

Tata Finlay (now Tata Tea), one of the largest tea producers, is established. Tata Exports is established. Today the company, renamed Tata International, is one of the leading export houses in India. Tata Consultancy Services (TCS), India's first software services company, is established as a division of Tata Sons. Tata Precision Industries, the first Tata company in Singapore, is founded to design and manufacture precision engineering products. The first 500 MW thermal power unit at the Trombay station of the Tata Electric Companies is commissioned. Tata Quality Management Services institutes the JRD QV Award, modeled on the Malcolm Baldrige National Quality Value Award of the United States, laying the foundation of the Tata Business Excellence Model. Tata Teleservices (TTSL) is established to spearhead the group's foray into the telecom sector. Tata Indica India's first indigenously designed and manufactured car is launched by Tata Motors, spearheading the group's entry into the passenger car segment. The new Tata group Corporate Mark and Logo are launched. Tata Tea (now Tata Global Beverages) )acquires the Tetley group, UK. This is the first major acquisition of an international brand by an Indian business group. Tata AIG a joint venture between the Tata group and American International Group Inc (AIG) marks the Tata re-entry into insurance. (The group's insurance company, New India Assurance, set up in 1919, was nationalized in 1956).

196 8 197 1 198 4 199 5

199 6 199 8 199 9 200 0 200 1

200 2

Tata Sons acquires a controlling stake in VSNL (renamed Tata Communications in 2008), India's leading international telecommunications service provider. Tata Consultancy Services (TCS) becomes the first Indian software company to cross one billion dollars in revenues.

200 4

Titan launches Edge, the slimmest watch in the world. Tata Motors is listed on the world's largest bourse, the New York Stock Exchange, the second group company to do so after VSNL. Tata Motors acquires the heavy vehicles unit of Daewoo Motors, South Korea. TCS goes public in July 2004 in the largest private sector initial public offering (IPO) in the Indian market, raising nearly $1.2 billion. Tata Steel acquires Singapore-based steel company NatSteel by subscribing to 100 per cent equity of its subsidiary, NatSteel Asia. VSNL (now Tata Communications) acquired Tyco Global Network, making it one of the world's largest providers of submarine cable bandwidth. Tata Sons completes 60 years of Tata operations in the US. The Taj acquires a hotel run by Starwood, Sydney (renamed Blue) and takes over management of The Pierre, NY. Tata Sky satellite television service launched across the country.

200 5

200 6

200 7

Foundation stone for the Tata Medical Centre unveiled in Kolkata. Tata Steel acquires the Ango-Dutch company Corus, making it the world's fifth-largest steel producer. TCS inaugurates TCS China a joint venture with the Chinese government and other partners. Computational Research Laboratories, a division of Tata Sons, develops Eka, one of the fastest supercomputers in the world and the fastest in Asia. The Taj acquires Campton Place Hotel in San Francisco. Tata Steel celebrates its centenary on August 26, 2007. Tata Motors unveils Tata Nano, the Peoples Car, at the 9th Auto Expo in Delhi on January 10, 2008. Tata Motors acquires the Jaguar and Land Rover brands from the Ford Motor Company. Tata Chemicals acquires General Chemical Industrial Products Inc. Tata Motors announces commercial launch of the Tata Nano, Tata Nano draws over 2.03 lakh bookings; first 100,000 owners of the Tata Nano chosen; delivers first Tata Nano in the country in Mumbai. Tata Motors ushers new era in Indian auto industry with its new, world-standard truck range. Tata Teleservices announces pan-India GSM service with NTT DOCOMO. TRF acquires Dutch Lanka Trailer Manufacturers (DLT), Sri Lanka, a world-class trailer manufacturing

200 8

200 9

company. Jaguar Land Rover introduces its premium range of vehicles in India. Tata Motors acquires remaining 79 per cent shares in Hispano Carrocera, one of the largest manufacturers of bus and coach cabins in Europe. Tata Teleservices launches Photon TV, an application that allows Tata Photon Plus subscribers to watch live television channels on their laptops while on the move and on their personal computers at home and in the office. Tata Chemicals launches Tata Swach the worlds most cost-effective water purifier. TRF acquires UK-based Hewitt Robins International. New plant for Tata Nano at Sanand inaugurated. Advinus Therapeutics announces the discovery of a novel molecule GKM-001 for the treatment of type II diabetes. Tata DOCOMO launches its 3G services in Maharashtra and Gujarat. Brunner Mond acquires 100-per-cent stake in leading vacuum salt producer British Salt, UK.

201 0

MAJOR SUBSIDIARIES OF TATA CONSULTANCY SERVICES TCS' directly-held subsidiaries include the following: CMC Limited (India) WTI Advanced Technology Limited (India) APONLINE Limited (India) C-Edge Technologies Limited (India) MP Online Limited (India) Tata America International Corporation (USA)

Tata Consultancy Services Netherlands BV (Netherlands)

Tata Consultancy Services Belgium SA (Belgium) Tata Consultancy Services Sverige AB (Sweden)

Tata Consultancy Services Deutschland GmbH (Germany)

TCS Iberoamerica SA (Uruguay) Tata Consultancy Services Asia Pacific Pte Limited (Singapore) TCS FNS Pty. Limited (Australia)

Diligenta Limited (UK) Tata Consultancy Services Canada Inc. (Canada)

Tata Infotech (Singapore) Pte. Limited *(Singapore) (In Members' Voluntary Liquidation)

Tata Consultancy Services Morocco SARL AU (Morocco) Tata Consultancy Services (Africa) (PTY) Limited (South Africa) TCS e-Serve Limited (India) TCS' indirectly-held subsidiaries include the following: CMC Americas Inc (USA) TCS Italia SRL (Italy) TCS Inversiones Chile Limitada (Chile) TCS Solution Center SA (Uruguay) Tata Consultancy Services Argentina SA (Argentina) Tata Consultancy Services Do Brasil Ltda (Brazil) Tata Consultancy Services De Espaa SA (Spain)

Tata Consultancy Services De Mexico SA, De CV (Mexico) Tata Information Technology (Shanghai) Company Limited (China) Tata Consultancy Services Malaysia Sdn Bhd (Malaysia) Tata Consultancy Services Japan Limited (Japan) Tata Consultancy Services Luxembourg SA (Luxembourg) TCS Financial Solutions Australia Holdings Pty Limited (Australia) TCS Management Pty Limited (Australia) Tata Consultancy Services Switzerland Limited (Switzerland) PT Tata Consultancy Services Indonesia (Indonesia) Tata Consultancy Services (China) Co. Limited (China) Tata Consultancy Services (South Africa) (PTY) Limited (South Africa)

Tata Consultancy Services (Thailand) Limited (Thailand) Tata Consultancy Services (Philippines) Inc. (Philippines) TCS e-Serve International Limited (India) ERI Holdings Corp (Canada) Tata Consultancy Services Chile SA (Chile) Tata Consultancy Services BPO Chile SA (Chile) Tata Consultancy Services Portugal Unipessoal Limitada (Portugal) TCS Financial Solutions Australia Pty Limited (Australia) Financial Network Services (Africa) (Pty) Limited (South Africa) Financial Network Services (HK) Limited (Hong Kong) Tata Consultancy Services France SAS (France) TCS e-Serve America, Inc. (USA) Exegenix Research Inc. (Canada)

Custodia De Documentos Interes Limitada (Chile) Tata Solution Center SA (Ecuador) Financial Network Services (Beijing) Co. Limited (China)

SHARE PRICE OF RIL DURING APRIL2005-MAR 2006

Interpretation: Overall the share price is increasing in Low Range there is a decrease in Jan & Feb & while in high range there is a fall in Feb.

SHARE PRICE OF RIL DURING APRIL2006-MAR 2007

Interpretation: In the above graph in the high range share price is increasing consistently after June while in the low range share price is increasing consistently while slightly fall in Dec, Jan & Mar.

SHARE PRICE OF RIL DURING APRIL2007-MAR 2008

Interpretation: In the above graph in the high range share price is increasing rather than Dec, Feb & Mar. While in the low range share price is increasing consistently while slightly fall in Jan, Feb & Mar.

SHARE PRICE OF RIL DURING APRIL2008-MAR 2009

Interpretation: In the above graph in the high range there are more ups and downs in the share price due to recession. While in the low range share price is increasing consistently while slightly fall in Jan, Feb & Mar.

SHARE PRICE OF RIL DURING APRIL2009-MAR 2010

Note:*Apr to Nov share price is pre-bonus price whereas Dec to Mar share price is post-bonus price.
Interpretation: In the above graph in the high range share price are fluctuating till Nov. while there is a big fall in Dec. due to bonus. While in the low range there is also a big fall in Dec. due to bonus factor.

SHARE PRICE OF INFOSYS DURING APRIL2005-MAR 2006

Interpretation: In the Low Range share price is increasing regularly except Jan, Feb. whereas in high range there is a fall in Aug & Sept.

SHARE PRICE OF INFOSYS DURING APRIL2006-MAR 2007

Interpretation: In the Low Range share price is increasing regularly after June except Feb & Mar. whereas in high range share price is increasing regularly after June except Mar.

SHARE PRICE OF INFOSYS DURING APRIL2007-MAR 2008

Interpretation: In the Low Range share price is fluctuating in every month. whereas in high range share price is decreasing regularly after July except Oct.

SHARE PRICE OF INFOSYS DURING APRIL2008-MAR 2009

Interpretation: In the Low Range share price is fluctuating in every month. whereas in high range share price is decreasing regularly after June.

SHARE PRICE OF INFOSYS DURING APRIL2009-MAR 2010

Interpretation: In the Low Range share price is increasing in every month except Nov and Feb. whereas in high range share price is increasing regularly except Oct and Feb.

SHARE PRICE OF TCS DURING APRIL2005-MAR 2006

Interpretation: In Low Range the share price is increasing continuously after Nov. while in high range there is a fall in May, June, July & Feb.

SHARE PRICE OF TCS DURING APRIL2006-MAR 2007

Interpretation: In Low Range there is a big fall in share price in Aug. while in High range there is also a fall after July.

SHARE PRICE OF TCS DURING APRIL2007-MAR 2008

Interpretation: In Low Range share price is decreasing after May due to recession &after Sept. it is fluctuating. While in High range there is a fall in price rather than Oct & Dec.

SHARE PRICE OF TCS DURING APRIL2008-MAR 2009

Interpretation: In Low Range share price is going up and down every month. While in High range there is a fall in price after June rather than Dec& Mar.

SHARE PRICE OF TCS DURING APRIL2009-MAR 2010

Interpretation: In the above graph we see that there is a big fall in prices in low range after June & it is going to make its position in the market, while in high range is increasing every month except July & Feb.

COMPARISON OF ALL THE COMPANIES YEARLY PROFITWISE

COMPARISON OF ALL THE COMPANIES YEARLY RESERVE AND SURPLUS

COMPARISON OF ALL THE COMPANIES YEARLY TOTAL ASSETS

COMPARISON OF ALL THE COMPANIES YEARLY EARNING PER SHARE

FINDINGS

In Yearly Profit-wise graphs it is shown that Reliance earns more than TCS & Infosys while Infosys earns more profit in 2006-07, 07-08, 09-10 than TCS. In Yearly Reserve and Surplus graphs it is shown that Reliance is on top whereas Infosys is on 2nd and TCS is last. In Yearly Total Assets graphs it is shown that TCS has very low value than Reliance and Infosys. In Yearly Earnings per Share graphs it is shown that Reliance has high in (2005-06, 06-07, 07-08) while Infosys has high Earnings per Share only in (2008-09, 09-10) than Reliance.

SUGGESTIONS
1. 2.

Reliance and Infosys are best companies in all three. For better and quick return Investment should be made in Reliance & Infosys.

LIMITATIONS
1.

No Primary Data was available.

2.

Due to lengthy financial statements I can work only on some major aspects. Time Period of 5years make the study lengthy. Time factor was the major factor, due to limited time I can work only on four aspects of financial statements. Some of the financial aspects were not same in all the financial report which also makes the study difficult.

3.

4.

5.

BIBLIOGRAPHY

Newspaper:

Economic Times Times of India The Hindustan Times

Magazines:

Business World Business Today India Today

Websites:

www.google-search.com www.ril.com www.infosys.com www.tcs.com