National Press Release

MARANELLO, Italy and MUMBAI, India, June 26 /PRNewswire/ -- Tata Consultancy Services, the leading IT services, business solutions and outsourcing firm today announced that it received the Innovation Award from Ferrari for its ability to use technology services to spur innovation in one of the most competitive and technologically advanced arenas of automobile engineering. The seven-time F1 World Champion Michael Schumacher presented the Innovation Award to TCS officials.

The citation for the Innovation Award highlights the innovation provided by team TCS and ability to work closely with the Ferrari in a model of collaboration and cultural integration. "TCS has won the Innovation Award for their zeal and proactive attitude, the excellent involvement in the activities of design and the contribution in the selection of IT technologies supporting innovation. Tata Consultancy Services (TCS) is an outstanding example of technological leadership and a model of cultural integration and exchange," said Mario Almondo, Operations Director of Scuderia Ferrari.

"This is no ordinary recognition. We are delighted that TCS' ability to innovate and help Ferrari dominate the Formula One racing has been recognized by Ferrari," said S Ramadorai, Chief Executive Officer and Managing Director, TCS. "The F1 car is the most advanced automobile in the market and this award is a tribute of the work of our team of engineers who are helping as a seamless unit with the engineering and technology team from Ferrari," he added.

About Tata Consultancy Services

Tata Consultancy Services is an IT services, business solutions and outsourcing organization that delivers real results to global businesses, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT and IT-enabled services delivered through its unique Global Network Delivery Model, recognized as the benchmark of excellence in software development. A part of the Tata Group, India's largest industrial conglomerate, TCS has over 111,000 of the world's best trained IT consultants in 50 countries. The company generated consolidated revenues of US $5.7 billion for fiscal year ended 31 March 2008 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at http://www.tcs.com

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SOURCE Tata Consultancy Services