The Group's principal activity is to provide information technology and business process outsourcing services. The Group provides services to industries such as banking and financial services, insurance, manufacturing, telecommunications, retail and transportation. The Group operates in America, Europe and India. On 12-May-2008, the Group acquired Tata Consultancy Services (Thailand) Limited. On 19-Sep-2008, it acquired Tata Consultancy Services (Philippines) Inc. On 22-Oct-2008, the Group's wholly owned subsidiary, Tata Infotech Deutschland GmbH merged with Tata Consultancy Services Deutschland GmbH. On 02-Dec-2008, its subsidiary Financial Network Services (Europe) Plc voluntarily liquidated. On 11-Dec-2008, the Group acquired 50% share capital of National Power Exchange Limited. On 31-Dec-2008, it acquired 96.26 % equity interest in TCS e-Serve Limited. On 10-Feb-2009, the Group completed the acquisition of TCS e-Serve America Inc.
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