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TCS selected as strategic partner by Government of India to transform GeM

Tata Consultancy Services Ltd. | IT - Software | IT & ITES | BSE: 532540 | NSE: TCS

08 Aug 2023 Evaluate

Tata Consultancy Services (TCS) has been selected as a strategic partner by the Government of India to transform the Government e-Marketplace (GeM) into a state of-the-art public procurement platform with enhanced transparency, efficiency, and inclusivity.

The GeM platform provides an end-to-end online marketplace for central and state government bodies, including public sector undertakings, for procurement of common use goods and services in a transparent and efficient manner. This e-marketplace currently handles a Gross Merchandize Value (GMV) of over Rs 2 trillion purchased by over 70,000 buyer organizations from over 6.5 million sellers and service providers, including over 800,000 medium and small enterprises. The current platform, while successful, has architectural challenges in scaling up and in meeting the evolving needs of buyers and sellers.

The partnership will see TCS design and build a new modern solution leveraging new technologies, while maintaining the current platform. The new GeM platform will be based on e-commerce and e-marketplace principles with multi-tenancy, multi-rule, multilingual, open source, and open-API-based architecture. It will be highly scalable, designed to accommodate the anticipated six-fold growth in GMV over the next six years. The new platform will be designed for interoperability and cloud neutrality, making it technology agnostic and vendor-independent. Its deep configurability will ease the onboarding of diverse buyer organizations having local rules, thus allowing them to transact on the national platform while maintaining their local flavor.

TCS will also design a better user experience for all stakeholders. The adaptable design will ease onboarding of new sellers, driving greater participation from a more diverse vendor base, especially SMEs /MSMEs, resulting in greater inclusivity and a more democratized access to the public sector market. The new platform will use data analytics to forecast projections and improve supply chain management, and advanced AI/ML technologies to help identify potential fraud, enabling more transparent operations.

TCS is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years.

TCS Share Price

2581.65 4.55 (0.18%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
TCS	2581.65
Infosys	1318.60
HCL Tech.	1442.50
Wipro	204.35
Tech Mahindra	1511.85
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TCS selected as strategic partner by Government of India to transform GeM

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