CMC Limited
Encyclopedia
CMC Limited is an Information Technology
services, consulting and software company having its Headquarters in New Delhi
, India
. CMC is part of the TATA
group and is a subsidiary of Tata Consultancy Services
. CMC was incorporated on December 26, 1975, as the 'Computer Maintenance Corporation Private Limited'. The Government of India
held 100 per cent of the equity share capital. On August 19, 1977, it was converted into a public limited company. In October 2001, CMC was privatized by the Government of India
, in a sale to India-based Tata Consultancy Services (TCS), the largest software services company in Asia. It also feature on top ten companies in India
.
wound up its operations in India
, CMC took over the maintenance of IBM installations at over 800 locations around India and subsequently, maintenance of computers supplied by other foreign players.
CMC visualized the need for total IT system solutions in 1980 and thus aligned its focus with the government's thrust on IT development activities. 'Project Interact' (International Education and Research for Applications of Computer Technology), a United Nations
project involving design, development and systems-engineering of real-time, computer-based systems dedicated to applications in the areas of power distribution, railway freight operations management and meteorology was a significant milestone in CMC transition from a hardware maintenance company to a complete end-to-end IT solutions provider.
Later CMC forayed into systems integration, interfacing, installation, commissioning, software development, as well as education and training, on an ongoing basis. CMC's R&D facility was set up in 1982 at Hyderabad, to undertake competency development in niche areas in the frontiers of technology.
In tune to reflect diversified business activities, CMC renamed itself to 'CMC Limited'(Computer Maintenance Corporation) in August 1984.
CMC Limited has the credit of introducing computer applications at a mass scale in the late 80s with its design and deployment of Indian Railways Reservation System IMPRESS (Integrated Multi-train Passenger Reservation System) in New Delhi on October 15th, 1985. It went on to become a huge success eventually deployed all over India serving over half a million transactions every single day and cutting wait times for passengers drastically. CMC also followed it up with the design of ARTS (Advanced Railway Ticketing System) for unreserved ticketing.
Following a spurt in the global demand for IT services in the early 1990s, particularly in the United States, CMC decided to expand its operations and market its product and service offerings in these markets. Towards this end, in 1991, CMC acquired Baton Rouge International Inc, USA (it was subsequently renamed CMC Americas, Inc, in 2003), one of the first cross-border acquisitions by an Indian IT firm.
In 1992, the Indian government divested 16.69 per cent of CMC's equity to the General Insurance Corporation of India and its subsidiaries who, in turn, sold part of their stake to the public in 1996. In 1993, CMC's shares were listed on the Hyderabad Stock Exchange and the Bombay Stock Exchange (BSE).
To service and develop its clientele in the UK and Europe, CMC opened a branch office in London, in 2000. The next year, the government divested 51 per cent of CMC's equity to Tata Sons Ltd, through a strategic sale, and CMC became a part of the Tata group.
In line with its strategy of offering its products and services globally, in 2003, CMC opened a branch office in Dubai to tap the hitherto unexplored markets of West Asia and Africa.
In 2004, the government divested its remaining 26.5 per cent stake in CMC to the public.
Information technology
Information technology is the acquisition, processing, storage and dissemination of vocal, pictorial, textual and numerical information by a microelectronics-based combination of computing and telecommunications...
services, consulting and software company having its Headquarters in New Delhi
New Delhi
New Delhi is the capital city of India. It serves as the centre of the Government of India and the Government of the National Capital Territory of Delhi. New Delhi is situated within the metropolis of Delhi. It is one of the nine districts of Delhi Union Territory. The total area of the city is...
, India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
. CMC is part of the TATA
Tata Group
Tata Group is an Indian multinational conglomerate company headquartered in Mumbai, Maharashtra, India. Tata Group is one of the largest companies in India by market capitalization and revenue. It has interests in communications and information technology, engineering, materials, services, energy,...
group and is a subsidiary of Tata Consultancy Services
Tata Consultancy Services
Tata Consultancy Services Limited is a global IT services, business solutions and outsourcing company headquartered in Mumbai, India. It is the largest provider of information technology in Asia and second largest provider of business process outsourcing services in India...
. CMC was incorporated on December 26, 1975, as the 'Computer Maintenance Corporation Private Limited'. The Government of India
Government of India
The Government of India, officially known as the Union Government, and also known as the Central Government, was established by the Constitution of India, and is the governing authority of the union of 28 states and seven union territories, collectively called the Republic of India...
held 100 per cent of the equity share capital. On August 19, 1977, it was converted into a public limited company. In October 2001, CMC was privatized by the Government of India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
, in a sale to India-based Tata Consultancy Services (TCS), the largest software services company in Asia. It also feature on top ten companies in India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
.
History
During the year 1978, when IBMIBM
International Business Machines Corporation or IBM is an American multinational technology and consulting corporation headquartered in Armonk, New York, United States. IBM manufactures and sells computer hardware and software, and it offers infrastructure, hosting and consulting services in areas...
wound up its operations in India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
, CMC took over the maintenance of IBM installations at over 800 locations around India and subsequently, maintenance of computers supplied by other foreign players.
CMC visualized the need for total IT system solutions in 1980 and thus aligned its focus with the government's thrust on IT development activities. 'Project Interact' (International Education and Research for Applications of Computer Technology), a United Nations
United Nations
The United Nations is an international organization whose stated aims are facilitating cooperation in international law, international security, economic development, social progress, human rights, and achievement of world peace...
project involving design, development and systems-engineering of real-time, computer-based systems dedicated to applications in the areas of power distribution, railway freight operations management and meteorology was a significant milestone in CMC transition from a hardware maintenance company to a complete end-to-end IT solutions provider.
Later CMC forayed into systems integration, interfacing, installation, commissioning, software development, as well as education and training, on an ongoing basis. CMC's R&D facility was set up in 1982 at Hyderabad, to undertake competency development in niche areas in the frontiers of technology.
In tune to reflect diversified business activities, CMC renamed itself to 'CMC Limited'(Computer Maintenance Corporation) in August 1984.
CMC Limited has the credit of introducing computer applications at a mass scale in the late 80s with its design and deployment of Indian Railways Reservation System IMPRESS (Integrated Multi-train Passenger Reservation System) in New Delhi on October 15th, 1985. It went on to become a huge success eventually deployed all over India serving over half a million transactions every single day and cutting wait times for passengers drastically. CMC also followed it up with the design of ARTS (Advanced Railway Ticketing System) for unreserved ticketing.
Following a spurt in the global demand for IT services in the early 1990s, particularly in the United States, CMC decided to expand its operations and market its product and service offerings in these markets. Towards this end, in 1991, CMC acquired Baton Rouge International Inc, USA (it was subsequently renamed CMC Americas, Inc, in 2003), one of the first cross-border acquisitions by an Indian IT firm.
In 1992, the Indian government divested 16.69 per cent of CMC's equity to the General Insurance Corporation of India and its subsidiaries who, in turn, sold part of their stake to the public in 1996. In 1993, CMC's shares were listed on the Hyderabad Stock Exchange and the Bombay Stock Exchange (BSE).
To service and develop its clientele in the UK and Europe, CMC opened a branch office in London, in 2000. The next year, the government divested 51 per cent of CMC's equity to Tata Sons Ltd, through a strategic sale, and CMC became a part of the Tata group.
In line with its strategy of offering its products and services globally, in 2003, CMC opened a branch office in Dubai to tap the hitherto unexplored markets of West Asia and Africa.
In 2004, the government divested its remaining 26.5 per cent stake in CMC to the public.
Branches
CMC has 18 offices, 150 service locations, 520 non-resident locations and over 10,551 employees worldwide. CMC Americas, a subsidiary, services clients in the US, while the branch offices in the UK and Dubai market products and services in Europe, Africa and the Middle East.Further reading
- HP withdraws bid for India's CMC World IT Report, Apr 9, 2003