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{{short description|Indian technology services company}}
{{Other uses|CMC (disambiguation)}}
{{Other uses|CMC (disambiguation)}}
{{EngvarB|date=February 2014}}
{{EngvarB|date=February 2014}}
{{Use dmy dates|date=February 2014}}
{{Use dmy dates|date=May 2020}}

{{Infobox company
{{Infobox company
| name = CMC Limited
| name = CMC Limited
| logo = [[File:CMC logo.svg|220px]]
| logo = CMC logo.svg
| type = Subsidiary
| logo_size =
| logo_alt =
| key_people = [[N Chandrasekaran]] (Chairman)<br> R.Ramanan (CEO & [[Managing Director|MD]])<br> JK Gupta (CFO)
| logo_caption =
| industry = [[IT service management|IT services]], [[Information technology consulting|IT consulting]]
| logo_padding =
| products =
| image =
| services = IT, [[business consulting]] and outsourcing services
| image_sisze =
| revenue = {{profit}} {{INRConvert|25135|m}} <small>(2014-15)</small>
| image_alt =
| net_income = {{profit}} {{INRConvert|2771|m}} <small>(2014-15)</small> <br />(Profit After Tax)
| image_caption =
| num_employees = 12,665 (2014-15)<ref>{{cite web|url=http://www.cmcltd.com/about_us/factfile.shtml |title=CMC &#124; About Us &#124; Corporate Profile&nbsp;— Your IT PArtner |publisher=Cmcltd.com |accessdate=30 August 2010}}</ref>
| type = Subsidiary
| parent = [[Tata Consultancy Services]]
| industry = [[Information technology]]
| slogan =
| fate = Merged with [[Tata Consultancy Services|TCS]]
| homepage = {{URL|http://www.cmcltd.com/}}
| founded = {{Start date|df=yes|1975|12|26}}
| foundation = 26 December 1975
| founder = <!-- or: | founders = -->
| location = [[New Delhi]], India<ref name="cmcltd1">{{cite web|url=http://www.cmcltd.com/contact_us/contact_us.shtml |title=CMC&nbsp;— Contact Us |publisher=Cmcltd.com |accessdate=23 February 2011}}</ref>
| defunct = {{End date|df=yes|2015|10|01}}
|<ref>[http://www.bseindia.com/qresann/detailedresult_cons.asp?scrip_cd=517326&qtr=65.5&compname=CMC%20LTD.&quarter=MC2009-2010&checkcons=55c Latest Stock/Share Market Updates | Corporate News | Announcements | BSE]. Bseindia.com. Retrieved on 23 September 2013.</ref>
| hq_location =
| hq_location_city = [[New Delhi]]
| hq_location_country = India<ref name="cmcltd1">{{cite web |url=http://www.cmcltd.com/contact_us/contact_us.shtml |title=CMC&nbsp;— Contact Us |publisher=Cmcltd.com |access-date=23 February 2011 |archive-url=https://web.archive.org/web/20110625164055/http://www.cmcltd.com/contact_us/contact_us.shtml |archive-date=25 June 2011 |url-status=live }}</ref><ref>[http://www.bseindia.com/qresann/detailedresult_cons.asp?scrip_cd=517326&qtr=65.5&compname=CMC%20LTD.&quarter=MC2009-2010&checkcons=55c Latest Stock/Share Market Updates | Corporate News | Announcements | BSE]. Bseindia.com. Retrieved on 23 September 2013.</ref>
| num_locations =
| num_locations_year = <!-- Year of num_locations data (if known) -->
| area_served = Worldwide
| key_people = [[N Chandrasekaran]] (Chairman)<br> R.Ramanan (CEO & [[Managing Director|MD]])<br> JK Gupta (CFO)
| services = [[IT service management|IT services]], [[Information technology consulting|IT consulting]]
| revenue = {{profit}} {{INRConvert|25135|m}}
| revenue_year = 2014-15
| operating_income =
| income_year = <!-- Year of operating_income data (if known) -->
| profit = {{profit}} {{INRConvert|2771|m}}
| profit_year = 2014-15
| assets =
| assets_year = <!-- Year of assets data (if known) -->
| equity =
| equity_year = <!-- Year of equity data (if known) -->
| num_employees = 12,665<ref>{{cite web |url=http://www.cmcltd.com/about_us/factfile.shtml |title=CMC &#124; About Us &#124; Corporate Profile&nbsp;— Your IT PArtner |publisher=Cmcltd.com |access-date=30 August 2010 |archive-url=https://web.archive.org/web/20100815045954/http://www.cmcltd.com/about_us/factfile.shtml |archive-date=15 August 2010 |url-status=live }}</ref>
| num_employees_year = 2014-15
| parent = [[Tata Consultancy Services]]

| divisions =
| subsid = CMC Americas Inc.
| module = <!-- Used to embed other templates -->
| website = {{URL|http://www.cmcltd.com/}}
| footnotes =
}}
}}


'''CMC Limited''' is an [[information technology]] services, consulting and software company having its headquarters in [[New Delhi]], India.<ref name="cmcltd1"/><ref>{{cite web|url=http://www.cmcltd.com/about_us/factfile.shtml |title=CMC &#124; About Us &#124; Fact File&nbsp;— CMC&nbsp;— An Overview |publisher=Cmcltd.com |accessdate=30 August 2010}}</ref> CMC is part of the [[TATA Group]] and is owned by [[Tata Consultancy Services]]. CMC was incorporated on 26 December 1975, as the 'Computer Management Corporation Private Limited'.<ref>{{cite web|url=http://www.tata.com/company/profile.aspx?sectid=T+waLhSqXO4= |title=Tata Group &#124; Our businesses &#124; Tata Companies &#124; CMC |publisher=Tata.com |accessdate=30 August 2010}}</ref> The [[Government of India]] held 100 per cent of the equity share capital and owned by government of India. On 19 August 1977, it was converted into a public limited company. In October 2001, CMC was privatized by the Government of India,<ref>{{cite web|url=http://www.servinghistory.com/topics/CMC_Limited |title=CMC Limited : Who, What, Where, When |publisher=Servinghistory.com |accessdate=30 August 2010}}</ref> in a sale to India-based Tata Consultancy Services (TCS), the largest software services company in Asia. It also features on top ten companies in India.<ref>{{cite web|url=http://www.chillibreeze.com/articles/TheTopTenSoftwareCompaniesinIndia.asp |title=The Top Ten Software Companies in India |publisher=Chillibreeze.com |accessdate=30 August 2010}}</ref>
'''CMC Limited''' was an [[information technology]] services, consulting and software company owned by [[Government of India]] headquartered in [[New Delhi]], India .<ref name="cmcltd1"/><ref>{{cite web |url=http://www.cmcltd.com/about_us/factfile.shtml |title=CMC &#124; About Us &#124; Fact File&nbsp;— CMC&nbsp;— An Overview |publisher=Cmcltd.com |access-date=30 August 2010 |archive-url=https://web.archive.org/web/20100815045954/http://www.cmcltd.com/about_us/factfile.shtml |archive-date=15 August 2010 |url-status=live }}</ref> In 2001, CMC was sold by [[Government of India]] to [[Tata Consultancy Services]] and its owner, the [[Tata Group]] by the [[Government of India|Indian]] Government.


==History==
==History==
CMC was incorporated on 26 December 1975, as the 'Computer Management Corporation Private Limited'.<ref>{{cite web |url=http://www.tata.com/company/profile.aspx?sectid=T+waLhSqXO4= |title=Tata Group &#124; Our businesses &#124; Tata Companies &#124; CMC |publisher=Tata.com |access-date=30 August 2010 |archive-url=https://web.archive.org/web/20100824195141/http://www.tata.com/company/profile.aspx?sectid=T+waLhSqXO4= |archive-date=24 August 2010 |url-status=dead }}</ref> The [[Government of India]] (GoI) held 100 percent of the [[Equity sharing|equity share]] capital. On 19 August 1977, it was converted into a public limited company, again wholly owned by the GoI.
During the year 1978,India, CMC took over the maintenance of IBM installations at over 800 around India and subsequently,<ref>{{cite web|url=http://www.cmcltd.com/about_us/history.shtml |title=CMC &#124; About Us &#124; History&nbsp;— We've Come A Long Way |publisher=Cmcltd.com |accessdate=30 August 2010}}</ref> maintenance of computers supplied by other foreign players.


In October 2001, CMC was privatized by the GoI,<ref>{{cite web |url=http://www.servinghistory.com/topics/CMC_Limited |title=CMC Limited : Who, What, Where, When |publisher=Servinghistory.com |access-date=30 August 2010 |archive-url=https://web.archive.org/web/20120421233626/http://www.servinghistory.com/topics/CMC_Limited |archive-date=21 April 2012 |url-status=live }}</ref> and was divested to a leading Indian IT firm, Tata Consultancy Services (TCS), which is the largest software services company in Asia.<ref>{{cite web|url=http://www.chillibreeze.com/articles/TheTopTenSoftwareCompaniesinIndia.asp |title=The Top Ten Software Companies in India |publisher=Chillibreeze.com |access-date=30 August 2010|archive-url=https://web.archive.org/web/20070404045045/http://www.chillibreeze.com/articles/TheTopTenSoftwareCompaniesinIndia.asp|archive-date=4 April 2007}}</ref>
CMC anticipated the market demand for IT system improvements in 1980 and directed its efforts to respond to the government's activities and needs for such services. 'Project Interact' (International Education and Research for Applications of Computer Technology), a [[United Nations]] project involving design, development and systems-engineering, computer-based systems applications in the areas of power distribution, railway freight operations management and meteorology transitioned the company from a hardware maintenance company to a broad IT solutions provider.{{citation needed|date=May 2015}}


In 1977, the [[Janata Party]] government took office in India. US-based [[Multinational corporation|MNC]]s which were operating in India were told to shut shop{{Dubious|date=January 2023}} {{Failed verification|date=January 2023}} and ship out. [[IBM]] was one of the companies told to leave. In 1978, CMC took over the maintenance of IBM installations at over 800 locations around India.<ref>{{cite web |url=http://www.cmcltd.com/about_us/history.shtml |title=CMC &#124; About Us &#124; History&nbsp;— We've Come A Long Way |publisher=Cmcltd.com |access-date=30 August 2010 |archive-url=https://web.archive.org/web/20100728083722/http://www.cmcltd.com/about_us/history.shtml |archive-date=28 July 2010 |url-status=live }}</ref> Subsequently, it also took over the maintenance of computers supplied by other (non-IBM) foreign players.
CMC later expanded its services to systems integration, interfacing, installation, commissioning, software development, as well as education and training. CMC's R&D facility was set up in 1982 at [[Hyderabad, India|Hyderabad]].<ref>{{cite web|url=http://innovation.empi.in/uploads/downloads/Initiative-2008.pdf |title=Initiative 2009 final NEW output.p65 |format=PDF |accessdate=30 August 2010}}</ref> CMC was renamed CMC Limited ('''Computer Maintenance Corporation''') in August 1984.{{citation needed|date=May 2015}}


As early as 1980, CMC anticipated the way the world was moving and noted the market requirement for IT system improvements. It directed its efforts to respond to the government's activities and needs for such services. 'Project Interact' (International Education and Research for Applications of Computer Technology), a [[United Nations]] project involving design, development, and systems-engineering of computer-based systems applications in the areas of power distribution, railway freight operations management and meteorology transitioned the company from a hardware maintenance company to a broad IT solutions provider.{{citation needed|date=May 2015}} CMC later expanded its services to systems integration, interfacing, installation, commissioning, software development, as well as education and training. CMC's R&D facility was set up in 1982 at [[Hyderabad, India|Hyderabad]].<ref>{{cite web |url=http://innovation.empi.in/uploads/downloads/Initiative-2008.pdf |title=Initiative 2009 final NEW output.p65 |access-date=30 August 2010 |archive-url=https://web.archive.org/web/20101227071034/http://innovation.empi.in/uploads/downloads/Initiative-2008.pdf |archive-date=27 December 2010 |url-status=live }}</ref>
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 15 October 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.

CMC was renamed CMC Limited ('''C'''omputer '''M'''aintenance '''C'''orporation) in August 1984.<ref>{{cite web|url=https://www.indiainfoline.com/company/cmc-ltd/summary/2296|title=CMC was renamed CMC Limited in 1984|publisher=indiainfoline.com|access-date=11 December 2018|archive-url=https://web.archive.org/web/20181215175057/https://www.indiainfoline.com/company/cmc-ltd/summary/2296|archive-date=15 December 2018|url-status=live}}</ref> 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 15 October 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.
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).
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.<ref>{{cite web|url=http://www.indianexpress.com/news/unshackled-cmc-taps-govt-market-and-moves-onto-global-stage/253593/0 |title=Unshackled, CMC taps Govt market and moves onto global stage |work=The Indian Express|date=24 December 2007 |access-date=30 August 2010}}</ref>


===Privatization===
To service and develop its clientele in the UK and Europe, CMC opened a branch office in London, in 2000.<ref>{{cite web|url=http://www.indianexpress.com/news/unshackled-cmc-taps-govt-market-and-moves-onto-global-stage/253593/0 |title=Unshackled, CMC taps Govt market and moves onto global stage |work=Indianexpress|date=24 December 2007 |accessdate=30 August 2010}}</ref> 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 2001, the government divested 51 percent 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 2003, in line with its strategy of offering its products and services globally, 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.<ref>[http://www.indiamart.com/company/1687949/aboutus.html ] {{wayback|url=http://www.indiamart.com/company/1687949/aboutus.html |date=20100720213222 |df=y }}</ref>
In 2004, the government disinvested its remaining 26.5 per cent stake in CMC to the public.<ref>[http://www.indiamart.com/company/1687949/aboutus.html ] {{webarchive |url=https://web.archive.org/web/20100720213222/http://www.indiamart.com/company/1687949/aboutus.html |date=20 July 2010 }}</ref>


The Board of Directors of CMC decided to merge the Company into its parent company Tata Consultancy Services Limited on 16 - October - 2014. CMC Merged with TCS on 1 October 2015
On 16 October 2014, thirteen years after the Tatas had acquired a majority stake in CMC, the Board of Directors of CMC decided to merge the company into Tata Consultancy Services Limited. The merger took effect on 1 October 2015.
CMC employees become TCS employees with same CMC daily wage package.


==References==
==References==
Line 49: Line 82:


==Further reading==
==Further reading==
* [http://www.indiainfoline.com/article/news-top-story/daily-market-strategy-stand-up-india-after-a-crash-indices-hope-for-recovery-116040600284_1.html HP withdraws bid for India's CMC]{{dead link|date=October 2014}} World IT Report, 9 Apr 2003
* [https://web.archive.org/web/20160518030323/http://www.indiainfoline.com/article/news-top-story/daily-market-strategy-stand-up-india-after-a-crash-indices-hope-for-recovery-116040600284_1.html HP withdraws bid for India's CMC] World IT Report, 9 Apr 2003
* [http://www.financialexpress.com/news/cmc-in-corporate-governance-top-list/892668/]: CMC in corporate governance top list
* [https://archive.today/20130122235341/http://www.financialexpress.com/news/cmc-in-corporate-governance-top-list/892668/]: CMC in corporate governance top list


{{Tata Group}}
{{Tata Group}}
{{Authority control}}


[[Category:Software companies of India]]
[[Category: Software companies of India]]
[[Category:International information technology consulting firms]]
[[Category: International information technology consulting firms]]
[[Category:Tata Consultancy Services]]
[[Category: Tata Consultancy Services]]
[[Category:Companies based in New Delhi]]
[[Category: Companies based in New Delhi]]
[[Category:Companies established in 1978]]
[[Category: Software companies established in 1975]]
[[Category:Formerly government-owned companies of India]]
[[Category: Formerly government-owned companies of India]]
[[Category:1978 establishments in India]]
[[Category: Indian companies established in 1975]]
[[Category: Consulting firms established in 1975]]
[[Category: Computer companies established in 1975]]
[[Category:Indian companies disestablished in 2015]]

Latest revision as of 19:22, 28 August 2024

CMC Limited
Company typeSubsidiary
IndustryInformation technology
Founded26 December 1975 (1975-12-26)
Defunct1 October 2015 (2015-10-01)
FateMerged with TCS
Headquarters,
India[1][2]
Area served
Worldwide
Key people
N Chandrasekaran (Chairman)
R.Ramanan (CEO & MD)
JK Gupta (CFO)
ServicesIT services, IT consulting
RevenueIncrease 25,135 million (US$290 million) (2014-15)
Increase 2,771 million (US$32 million) (2014-15)
Number of employees
12,665[3] (2014-15)
ParentTata Consultancy Services
SubsidiariesCMC Americas Inc.
Websitewww.cmcltd.com

CMC Limited was an information technology services, consulting and software company owned by Government of India headquartered in New Delhi, India .[1][4] In 2001, CMC was sold by Government of India to Tata Consultancy Services and its owner, the Tata Group by the Indian Government.

History

[edit]

CMC was incorporated on 26 December 1975, as the 'Computer Management Corporation Private Limited'.[5] The Government of India (GoI) held 100 percent of the equity share capital. On 19 August 1977, it was converted into a public limited company, again wholly owned by the GoI.

In October 2001, CMC was privatized by the GoI,[6] and was divested to a leading Indian IT firm, Tata Consultancy Services (TCS), which is the largest software services company in Asia.[7]

In 1977, the Janata Party government took office in India. US-based MNCs which were operating in India were told to shut shop[dubiousdiscuss] [failed verification] and ship out. IBM was one of the companies told to leave. In 1978, CMC took over the maintenance of IBM installations at over 800 locations around India.[8] Subsequently, it also took over the maintenance of computers supplied by other (non-IBM) foreign players.

As early as 1980, CMC anticipated the way the world was moving and noted the market requirement for IT system improvements. It directed its efforts to respond to the government's activities and needs for such services. 'Project Interact' (International Education and Research for Applications of Computer Technology), a United Nations project involving design, development, and systems-engineering of computer-based systems applications in the areas of power distribution, railway freight operations management and meteorology transitioned the company from a hardware maintenance company to a broad IT solutions provider.[citation needed] CMC later expanded its services to systems integration, interfacing, installation, commissioning, software development, as well as education and training. CMC's R&D facility was set up in 1982 at Hyderabad.[9]

CMC was renamed CMC Limited (Computer Maintenance Corporation) in August 1984.[10] 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 15 October 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.[11]

Privatization

[edit]

In 2001, the government divested 51 percent of CMC's equity to Tata Sons Ltd, through a strategic sale, and CMC became a part of the Tata group.

In 2003, in line with its strategy of offering its products and services globally, CMC opened a branch office in Dubai to tap the hitherto unexplored markets of West Asia and Africa.

In 2004, the government disinvested its remaining 26.5 per cent stake in CMC to the public.[12]

On 16 October 2014, thirteen years after the Tatas had acquired a majority stake in CMC, the Board of Directors of CMC decided to merge the company into Tata Consultancy Services Limited. The merger took effect on 1 October 2015. CMC employees become TCS employees with same CMC daily wage package.

References

[edit]
  1. ^ a b "CMC — Contact Us". Cmcltd.com. Archived from the original on 25 June 2011. Retrieved 23 February 2011.
  2. ^ Latest Stock/Share Market Updates | Corporate News | Announcements | BSE. Bseindia.com. Retrieved on 23 September 2013.
  3. ^ "CMC | About Us | Corporate Profile — Your IT PArtner". Cmcltd.com. Archived from the original on 15 August 2010. Retrieved 30 August 2010.
  4. ^ "CMC | About Us | Fact File — CMC — An Overview". Cmcltd.com. Archived from the original on 15 August 2010. Retrieved 30 August 2010.
  5. ^ "Tata Group | Our businesses | Tata Companies | CMC". Tata.com. Archived from the original on 24 August 2010. Retrieved 30 August 2010.
  6. ^ "CMC Limited : Who, What, Where, When". Servinghistory.com. Archived from the original on 21 April 2012. Retrieved 30 August 2010.
  7. ^ "The Top Ten Software Companies in India". Chillibreeze.com. Archived from the original on 4 April 2007. Retrieved 30 August 2010.
  8. ^ "CMC | About Us | History — We've Come A Long Way". Cmcltd.com. Archived from the original on 28 July 2010. Retrieved 30 August 2010.
  9. ^ "Initiative 2009 final NEW output.p65" (PDF). Archived (PDF) from the original on 27 December 2010. Retrieved 30 August 2010.
  10. ^ "CMC was renamed CMC Limited in 1984". indiainfoline.com. Archived from the original on 15 December 2018. Retrieved 11 December 2018.
  11. ^ "Unshackled, CMC taps Govt market and moves onto global stage". The Indian Express. 24 December 2007. Retrieved 30 August 2010.
  12. ^ [1] Archived 20 July 2010 at the Wayback Machine

Further reading

[edit]