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With this 100% stake acquisition, TCS expands its local workforce in the United States and strengthens Salesforce and marketing cloud technology capabilities.

PRESS RELEASE

FRAMINGHAM, MA | MUMBAI, IN, October 09, 2025: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a global leader in IT services, consulting, and business solutions, has acquired 100% stake in ListEngage, a leading Salesforce Summit partner.

ListEngage is a full stack Salesforce partner that specialises in Marketing Cloud, CRM, Data Cloud, Agentforce, and AI advisory services for enterprises. This strategic acquisition strengthens TCS’ Salesforce capabilities, adding specialisations across the full range of Salesforce marketing tools. 

Through this strategic investment, TCS adds over 100 experienced professionals with over 400 Salesforce certifications to its Enterprise Solutions unit in the United States. The acquisition reflects TCS’ renewed emphasis on inorganic growth, supporting its strategic priorities in high-potential areas such as AI, Cloud, Cybersecurity, Digital Engineering and Enterprise Solutions.

Aarthi Subramanian, Chief Operating Officer, Tata Consultancy Services, said, “This US-based acquisition is an important step in scaling our Salesforce capabilities globally. ListEngage’s AI advisory services, Marketing Cloud capabilities and Agentforce expertise will enhance our offerings and execution to serve the needs of marketing stakeholders in enterprises. This acquisition will further deepen the strategic partnership that TCS has with Salesforce. We welcome ListEngage’s talented team to TCS.”

Altaf Shaikh, CEO, ListEngage, said, “This is more than an acquisition – it’s a growth platform. By joining forces with TCS, we’re combining ListEngage’s deep Salesforce expertise and proven client success with TCS’ scale, global reach, and cross-industry depth. Together, we will set a new benchmark for how enterprises unlock the full value of Salesforce, powered by data, AI, and cloud innovation. I’m particularly excited about the AI opportunities ahead. Both TCS and ListEngage are leading the way in applied AI, and this partnership allows us to bring the next generation of intelligent, personalised, and outcome-driven solutions to the Salesforce ecosystem at a global scale.”

Headquartered in Framingham, Massachusetts, ListEngage, is a member of the Salesforce Partner Advisory Boards for Agentforce, Marketing Cloud, and Data Cloud, reflecting its deep relationship with Salesforce and direct access to key product teams. Founded in 2003, ListEngage has built a strong reputation for delivering superior personalised marketing engagements across the entire customer lifecycle.

Vikram Karakoti, Global Head, Enterprise Solutions, Tata Consultancy Services, “ListEngage complements TCS’ existing capabilities in customer experience and digital transformation. With this new team, and ListEnage’s strong market coverage, we expect to scale delivery and unlock new efficiencies through our global delivery model. TCS remains fully committed to supporting existing customers, ensuring continuity and excellence in service delivery.”

This reinforces TCS’ commitment to its customers in the United States of America and Canada, which is the largest market for the organisation globally. In over 50 years of operations in the region, TCS has built a reputation as a reliable partner that helps enterprises seize future opportunities today. The latest acquisition is a step forward in that direction.

Global trade expanded by about $500 billion in the first half of 2025, despite volatility, policy shifts and persistent geopolitical tensions. Momentum remained strong into the third quarter, even as growth patterns varied across regions and sectors.

Trade in both goods and services recorded solid gains compared with the first quarter. Goods trade growth edged up from about 2% to 2.5% quarter over quarter, while services trade rebounded after contracting in the first quarter.

Manufacturing remained the main driver of global trade growth in the second quarter, led by the electronics sector. Strong demand for hybrid and electric vehicles continued to boost the automotive industry, reinforcing manufacturing’s central role in the current phase of trade expansion.

UN Trade and Development’s nowcast shows continued growth in the third quarter, with goods expected to expand by about 2.5% quarter over quarter and services accelerating sharply to around 4%. On a rolling annual basis, growth remains robust – about 5% for goods and 6% for services.

Prices set to rise and drive growth

Prices for traded goods rose slightly in the second quarter, with preliminary estimates pointing to a marked increase in the third.

This suggests that while the rise in global trade value during the first half of the year was driven mainly by higher volumes, growth in the third quarter will be partly fuelled by rising prices.

Developing economies led global trade growth

Growth in the second quarter was driven primarily by developing economies, supported by rising South–South trade. Weak United States trade performance weighed on the global average.

Trade imbalances narrowed

Global imbalances in goods trade, which had widened in recent quarters, narrowed in the second quarter of 2025, largely reflecting shifts in United States trade policy.

Trade deficits expanded in Japan, India and the United Kingdom. Among surplus economies, China’s trade surplus declined only slightly, despite a significant reduction in its surplus with the United States. The European Union’s trade surplus also fell during the quarter.

Record highs expected for 2025

Barring major shocks in the final months of the year, global trade is on track to surpass its 2024 record.

Despite turbulence from shifting US trade policy, global trade dynamics have so far shown limited disruption, though uncertainty over future policy remains a key risk. Geopolitical instability also continues to weigh on trade, with persistent conflicts that could further disrupt regional dynamics and heighten concerns over energy and food security.