Business News
3 min read | Updated on February 19, 2025, 14:28 IST
SUMMARY
As part of this initiative, TCS will have an on-site presence at MassRobotics' facility in Boston
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During the intraday trade, shares of the company were trading 2.33% lower at ₹3,779.15 apiece on BSE.
Through this collaboration, TCS aims to support MassRobotics’ mission to foster robotics innovation by engaging with startups, researchers, and industry leaders exploring applications focused on sectors such as retail, travel, transportation, hospitality, and consumer products.
Meanwhile, stock investors remained jittery about the stock on Wednesday after a former employee alleged that the firm misrepresented job roles to send more of its employees to the US under the L-1A visa programme.
During the intraday trade, shares of the company were trading 2.33% lower at ₹3,779.15 apiece on BSE.
As part of this initiative, TCS will have an on-site presence at MassRobotics' facility in Boston. “This will allow TCS to directly collaborate with innovative robotics startups, research institutions, and industry leaders. TCS will engage with MassRobotics’ community by providing technical expertise, mentorship, and industry insights while gaining exposure to emerging robotics trends and innovations, such as physical AI and robotics for specialised sectors,” the company said in a statement to the exchange filing.
The collaboration will leverage TCS’ deep expertise in AI, machine learning, and automation to advance robotics technologies for both technical and commercial applications across industries where robots enhance human work.
The project will focus on several key initiatives, including joint research and development initiatives, industry solutions, startup ecosystems and innovation and commercialisation.
“We are excited to partner with TCS to bring innovative robotics solutions to market faster and more efficiently. TCS’ global reach and deep technological expertise will complement our mission to support robotics innovation and create new avenues for growth in industries that are adopting robotics solutions,” said Tom Ryden, Executive Director, MassRobotics.
The robotics market continues to expand, with the International Federation of Robotics projecting over 3 million units to be installed around the world in 2025.
Commenting on the collaboration, Krishnan Ramanujam, President – Consumer Business Group, TCS, said, “As robotics continues to gain traction across industries—from retail to transportation—the potential to transform businesses and society is immense. Working alongside MassRobotics, TCS aims to accelerate the development of cutting-edge solutions that will not only streamline operations but also deliver new levels of innovation and efficiency. Together, we are helping to shape a world where robotics and intelligent automation empower industries and enrich lives.”
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