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TCS to Build AI-Powered Financial System for Odisha Government

Synopsis:


Tata Consultancy Services is now working closely with the Government of Odisha to launch IFMS 3.0. The AI-enabled Integrated Financial Management System is a combination of budgeting, payments, and accounts, providing real-time data, mobile access, and streamlined financial management for enhanced governance.


Source:
TCS Exchange Filing | Published on Sept 05, 2025

Disclaimer: This material has been published for informational purposes only. Bajaj Broking does not have any association with or endorse or take any responsibility with respect to the source material. Readers are suggested to refer to the original publication for the complete and accurate context.

TCS news today

According to a press release uploaded on NSE, Tata Consultancy Services (TCS) has been selected by the Odisha government for the Integrated Financial Management System (IFMS 3.0). This will speed up and simplify all budgetary, payment, receipt and accounting operations through cloud-enabled technology.

Also Read: September 2025 Economic Calendar: Key Dates for Indian Investors | Bajaj Broking

TATA CONSULTANCY SERV LT

Trade

3048.3-47.39 (-1.53 %)

Updated - 05 September 2025
3103.40day high
DAY HIGH
3028.60day low
DAY LOW
2429820
VOLUME (BSE)

By using this kind of architecture, they combine cheap but reliable hardware, an on-demand usage model, easy connection to budgeting, payments, receipts, and accounts all in one place, and an AI Workbench Development running TCS AI Workbench, including advanced capabilities for analytics, machine learning, chatbots, quick answers, easy reports, and smooth workflows. TCS has already worked with Odisha since 2005. 

Initiation works included : 

- The Treasury Management System

- Made IFMS

- IFMS 2.0

The last one states that it also helps with tracking money and spending with clarity through mobile access, real-time data sharing, enhanced security, and improved reports.

Also Read: UPL arm buys 49% stake in Thailand’s Grow Chemical for $0.76 mn

TCS undertakes many digital programs for the Government of India – e.g., passport, pension, healthcare, and stock exchange services. Their systems reach millions of people's lives every day.

With over 600,000 employees globally, TCS develops digital tools to enhance governance and public service delivery. 

Key Takeaways 

  • The government of Odisha awarded TCS for IFMS 3.0

  • The system will include budgeting, payments, receipts, and accounts 

  • Enables innovation in analytics, machine learning, and chatbots with AI Workbench

  • Access from mobiles, real-time data, and enhanced security are included

  • Transparent, efficient, and accurate financial management 

  • Part of TCS's long-term partnership with Odisha since 2005  

Distribution Features Table

Feature 

Description 

User Interface

Simple and user-friendly navigation

Real-Time Data Integration

Seamless financial data updates across departments

Reporting Tools

Detailed insights with advanced analytics

Security Measures

Robust protocols to protect data

Mobile Access

Access to IFMS 3.0 on mobile devices

Share Price Perspective

As of September 05, 2025, at 1:05 PM IST, the TCS share price was trading at ₹3,040.00 on the NSE, down by 1.80%. 

Also Read: Waaree Energies To Acquire 64% Stake In Kotsons For ₹192 Crore

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