"TCS and Orange County have agreed to settle an ongoing dispute regarding the joint development of a Property Tax Management System. Both parties had asserted claims against each other, but neither admits any liability," said a TCS statement. In Picture: An employee of Tata Consultancy Services (TCS) works inside the company headquarters in Mumbai March 14, 2013.Reuters

Phiroz Vandrevala stepped down from Tata Consultancy Services as a non-executive director on July 8, 2016, citing personal reasons, IANS.

"The TCS board thanked Vandrevala for his contribution during his tenure on the board since 2007," the company's statement read, while the firm also acknowledged Vandrevala's contributions as the Chairman and executive member of NASSCOM. He headed the Indian IT apex trade body from 2000 to 2002.

Vandrevala had also served as the Executive Director of Global Corporate Affairs at TCS, according to the company's website. In his 25 years plus stint as a consultant, Vandrevala has been responsible for India's largest IT company's success in the business processing sector in the UK since he joined the firm in 1982.

He will continue as the Managing Director and Vice Chairman of Diligenta, a UK-based subsidiary of TCS offering business processes outsourcing (BPO) services to the life and pensions industry. Under his leadership, TCS carried out two big acquisitions in the UK.

TCS acquired the Pearl Group, a leading insurance company in the UK, for £500 million in 2005 in the "biggest single outsourcing deal by an Indian company" as reported by the Telegraph. In the process, TCS also became the first Indian company to establish an India-based "back office" services in the UK, says the British newspaper.

Later, Diligenta took over Unisys Insurance Services Limited, another BPO provider in the UK, for £250 million in September 2010 under the aegis of Vandrevala, according to TCS.

He is also the incumbent Director of the Noida-based Jubilant Foodworks Limited and an independent director of Punj Llyod, an Indian construction group with a consolidated revenue of Rs. 723 crore as of March 2016.

Prior to TCS, the chartered accountant had worked with ITC limited and was part of various expert committees formed to aid Reserve Bank of India's policy-making.

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