Tata Consultancy Services

यह सही है। पढ़ाई करके कोई फायदा नहीं है। Time पास है। Waste of time है। Job भी नहीं मिलती और job मिलती भी है तो compensation crushed होती है। हर साल 5 million graduate निकल रहे हैं, लेकिन salaried graduate salaried graduate 1.7 million निकल रहे हैं। बड़ा gap है। Right country can only produce 1.7 million salaried graduate jobs a year। लेकिन university system से 5 billion लोग निकले जा रहे हैं। In fact, last तीन साल में नंदिता that three has become close to zero। So white collar job availability has evaporated, right and the availability of graduates, the production by the Indian education system of graduates continues unabated whereas the availability of graduate jobs has has evaporated.

TCS will have as many AI agents as they will have employees, right? And वो पूरे India में होगा। I don't think TCS will be the only firm to do that.

Increasingly, Indian firms will employ more AI agents than they will employ human beings.

The old script of getting a degree, उसके बाद stable salary मिलेगी। आप wealth compound करेंगे। वो script फट गया है। वो script खत्म है। वो story खत्म है। Across the world, careers are becoming less stable.

If young graduates, if young graduates are struggling to find stable work and real wages are not rising, clearly the middle-class consumption story on which much of investment in, in the Indian market is predicated, the middle-class consumption story becomes more fragile.

At the same time, aane wale varsho mein, AI is likely to, AI is likely to make this adjustment harder, right? As it creates newer opportunities.

Only last week, um, the Tata Sons chairman, right? Uh, uh, uh, Tata Sons Cha- Chairman Chandra spoke about how soon TCS will have as many AI agents as they will have employees, right? And woh pure India mein hoga.

I don't think TCS will be the only firm to do that.

The Department for Education says the contract transfer will happen in November.

and has pledged a smooth and secure handover from current administrators Capita to Indian firm Tata Consultancy Services.

The handover was due to take place last October, but the Department for Education said extra time was needed to complete the transition effectively and maintain service continuity for members and employers.

Capita had administered the scheme for almost 30 years, but missed out on a new tenure contract in 2023.

They're part of the same family group.

One is called Tata Consulting Services, and the other is Tata Motors.

Both Indian companies, both part of the same family group.

And you're going to be tempted to say, they're both Indian companies.

And there's a story there I want to tell that follows through.

But the year before they bought Land Rover, they were an Indian company that got almost all of their revenues in India.

In contrast, Tata Consulting Services got less than 8% of its revenues in India.

If I just focus on revenues, I'm already seeing a picture emerge of one company getting most of its operations, revenues in India, and the other not.

Its revenues account for nearly 5% of India's annual GDP.

It also owns Tata Consultancy Services, which is an outsourcer that happens to be India's single largest private sector employer.

And we know that this is one of the more recognizable Indian groups globally.

They own steel plants in the UK and Europe.

So yeah, full-blown showdown now.

Yeah, it's also worth pointing out that Chandra is a much more known entity to the global financial community by virtue of the amount of time he's led the group.

And also that before that, he was also the head of Tata Consultancy Services, the biggest company in the group and the most outward and globally facing one.

So he's a Davos man.