TCS, Tata Elxsi outshine local rivals in R&D

Tata Elxsi and Tata Consultancy Services (TCS) are at the forefront of R&D investments in India’s software and services sector. However, they still fall short compared to global firms. Despite this, they outperform other Indian companies in key areas such as R&D intensity, the percentage of PhD employees, and the number of patents generated relative to revenue.