Tata Consultancy Services (TCS) was founded in 1968 as the computer services division of the Tata Group. It began by providing punched card services to Tata Iron and Steel Company (TISCO). Some of TCS's early achievements included developing the country's first software project for the Central Bank and offering the first BPO services in India. By 1974, TCS pioneered the global delivery model for IT services. Today, TCS has over 200,000 employees working across 47 countries and 147 branches worldwide, except Antarctica. It generates over $8 billion in annual revenue.