Tata Consultancy Services Ltd on Wednesday announced the launch of its strategic business unit focused on meeting the technological needs of Small & Medium Business (SMBs).

It will offer ''IT-as-a-Service'' (ITaaS) in an innovative business model giving SMBs the experience of customised low-cost solutions scalable to their growing business needs, the company said in a statement.

ITaaS is a subscription-driven model that allows SMBs to scale as they grow and pay as they use. It is hosted centrally on a common platform in order to facilitate alignment of technology adoption to the needs of the business and bring scalability to the business model.

The model will also allow SMBs to take advantage of TCS existing intellectual property, infrastructure and scale, as well as that of its partners. It will provide SMBs with blueprints for business process improvement and deliver integrated end-to-end managed solutions in IT and telecom.

''We believe this model can help make Indian business even more competitive on the global stage and put the power of technology on their side to build competitive advantage. We view this as a means of making India Inc more competitive and TCS being an integral part of sustainable and profitable growth of SMBs,'' said Chief Executive Officer and Managing Director, TCS, S Ramadorai.