TCS signs MoU with The Institute of Cost Accountants of India (ICAI)to support the institute’s digital transformation initiative

ICAI will leverage TCS iON Digital HUB to provide easy access to the institute’s academic content and also assist students in enhancing their vocational skills

Kolkata,March 30, 2017:Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization today announced a Memorandum of Understanding (MoU) with The Institute of Cost Accountants of India (ICAI). As part of the MoU, ICAI will deploy and leverage TCS’ Digital Content Market Place Platform – Digital HUB to drive the institute’s digital transformation efforts. ICAI’s digitization efforts through TCS iON Digital HUB will aim to provide improved services to students &members allowing them easy access to the vast knowledge base of the institute.

The MoU between TCS and ICAI will involve multiple areas of collaboration. TCS iONwill bring Vocational & Skill Courses to ICAI students & its members through iON Digital HUB.  To begin with, both organizations will launch courses on “ERP Basics” specifically designed for ICAI students to enhance their skills in this area. Additional Skill Certification courses will be introduced to ICAI students over the coming months.In addition, iON Digital Hub will enable ICAI to publish Institutes Certification Programs. This initiative will help provide easy access to Certification Courses of the Institute to a larger section within corporates and the academic community. TCS iON and ICAI will also partner to offer GST training to traders, manufacturing organizations, students and State Government officials in a digital mode. This exercise will combine the domain experience of ICAI with the technology capabilities of TCS iON backed by its extensive national reach through iON Digital Zones.

The MoU with TCS will benefit ICAI students by enabling them to access the institute’s course content along with industry relevant skill content from anywhere, anytime.  Members of the institute can also get an improved experience on their continuous professional development.

The iONDigital HUB is a Content Market Place bringing professional institutions with rich content and learners together. The Hub offers multi modal learning content including Courses, Assessments, Communities and Events.  It enables educators and trainers to deliver instructor led courses using social learning tools and at the same time provides a unique opportunity to learn at their own pace. The iON Digital HUB caters to learners across wide segments from K 12 to working professionals.

Commenting on the partnership, Mr. V. Ramaswamy, Global Head, TCS iON said, “This MoU will make the institute’s rich content easily accessible to a larger section of the academic community and corporates. We are also confident that the institute’s digitization efforts will help it retain its position as one of the premier professionalbody in India.”

Mr. Manas Thakur, President, Institute of Cost Accountants of India said, “Over the years, ICAI has made a significant contribution to the industry by offering quality education that has produced the best cost and management accountancy professionals. We believe that the rich course content developed provided by ICAI should be available easily to students as well as the industry. Our collaboration with TCS and the deployment of the TCS iON Digital HUB will make ICAI accessible to a larger section of students and industry. The larger digital transformation initiative undertaken by ICAI with the support of TCS iON Digital HUB will definitely see the institute reach greater heights in the future.”

About Tata Consultancy Services Ltd. (TCS)

Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services. This is 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 378,000 of the world’s best-trained consultants in 45 countries. The company generated consolidated revenues of US $16.5 billion for year ended March 31, 2016 and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. For more information, visit us at

About The Institute of Cost Accountants of India (ICAI)

The Institute of Cost Accountants of India (ICAI) is a statutory body set up under an Act of Parliament in the year 1959. It is the premier professional body imparting education, training and propagating Cost and Management Accountancy in India and abroad. The Institute as a part of its obligation, regulates the profession of Cost and Management Accountancy, enrolls students for its courses, provides coaching facilities to the students, organizes professional development programmes for the members and undertakes research programmes in the field of Cost and Management Accountancy.

The Institute is the 2nd largest Cost & Management Accounting body in the World and the largest in Asia, having approximately 5,00,000 students and 70,000 members all over the globe. The Members in service are placed with Government, Public and Private Sectors like BHEL, Coal India Ltd., SEBI, TCS, Saint Gobain, Flipkart, Ford, Tata Motors, Power Grid Corporation Ltd., Nestle, RIL, ITC, PWC, KPMG, HCL, Wipro, NHPC, ICICI Bank, Allahabad bank, Goldman Sachs, etc., and are occupying high positions like CMDs, CEOs, CFOs. Many members are engaged in practice as well. Besides practicing as a Cost Auditor, practicing CMAs are expert in many other areas including direct taxation, Customs, Excise, VAT, Service Tax, Business Valuation, Project Management, Internal Audit, consultancy in Banking & Insurance sector etc.

The Institute is headquartered in Kolkata with another office at New Delhi, operates through 4 Regional Councils at Kolkata, Chennai, Delhi and Mumbai, 94 Chapters spread all over India and 9 overseas Centres, 2 Centre of Excellence in India and 4 under progress, 84 CMA support Centres, 351 Recognized Oral Coaching Centres (ROCC) as well as through a number of important chapters situated elsewhere in India and abroad. It is under the administrative control of the Ministry of Corporate Affairs, Government of India. The ICAI-CMA, a national accounting body, is also a founder member of International Federation of Accountants (IFAC), Confederation of Asian and Pacific Accountants (CAPA) and South Asian Federation of Accountants (SAFA).