ICICI Securities taps TCS to upgrade retail trading platform

Bengaluru, 22 April: ICICI Securities has partnered with Tata Consultancy Services (TCS) to upgrade its retail trading platform, the company said.

As part of the agreement, ICICI Securities’ trading platform will be revamped by TCS BaNCS, which is TCS’ flagship trading solution. Notably, TCS’ banking platform is being used by several top banks and brokers globally.

The collaboration is expected to boost platform agility, reduce latency, and streamline core brokerage functions such as order management, exchange connectivity, risk management, and customer onboarding.

“By adopting TCS BaNCS, we will empower our customers with a seamless and high-performance trading ecosystem. We are delighted to partner with TCS to build a future-ready platform,” said T.K. Srirang, MD & CEO of ICICI Securities.

The upgraded system will connect with major Indian exchanges including BSE, NSE, and MCX, enabling ICICI Securities to keep pace with rising trading volumes and evolving investor needs.

“This partnership validates our leadership in capital markets and strengthens our role in building India’s digital infrastructure. We are future-proofing ICICI Securities’ platform with cloud-readiness and advanced scalability,” R. Vivekanand, President of BFSI Products & Platforms at TCS.

Recently, TCS announced its fourth quarter results. The company posted a net profit of Rs 12,224 crore, a 1.7 per cent year- on-year decline as compared to the same period last fiscal. Revenue from operations, however, rose 5.3 per cent to Rs 64,479 crore YoY basis. In dollar term, revenue stood at $7.47 billion, an increase of 2.5 per cent YoY in constant currency term.

Deal pipeline during the fourth quarter was at a record $12.2 billion with total TCV (total contract value) for the whole FY25 fiscal coming to $39.4 billion by the end of March quarter.