Manik Taneja, Executive Director for IT Services and Internet at Axis Capital, said he does not prefer Tata Consultancy Services (TCS) among large-cap IT companies, citing internal changes and portfolio issues that may limit its growth compared to peers. “The reason for not preferring TCS has been both some of the portfolio aspects and the internal changes at the company,” he said, adding that these factors have kept TCS behind competitors on relative revenue growth.

His preference remains with Infosys and Wipro over TCS. He pointed to instances where TCS has lost vendor consolidation deals to competitors, saying this trend is likely to keep growth “in check for the foreseeable future.”

Taneja said TCS’s newly announced ₹18,000 crore private equity investment into its data centre

See Full Page