Tata Consultancy Services Limited (TCS) is an India-based information technology (IT) company. The Company offers a range of IT services, outsourcing and business solutions. TCS’ segments include banking, financial services and insurance; manufacturing; retail and distribution, and telecom. It operates mainly in the Americas, Europe and India. On May 12, 2008, the Company, through its wholly owned subsidiary, Tata Consultancy Services Asia Pacific Pte Ltd., acquired 100% interest in Tata Consultancy Services (Thailand) Limited. On September 19, 2008, it acquired 100% interest in Tata Consultancy Services (Philippines) Inc. On December 11, 2008 the Company acquired 50% interest in National Power Exchange Limited. On December 31, 2008, it acquired 96.26% interest in TCS e-Serve Limited. On February 10, 2009, the Company, through its subsidiary, TCS e-Serve International Limited, acquired 100% interest in TCS e-Serve America, Inc.