IR FAQs

Corporate Profile

Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for the last fifty years. TCS offers a consulting-led, cognitive powered, integrated portfolio of IT, business & technology services, and engineering. This is delivered through its unique location independent agile delivery model, recognized as a benchmark of excellence in software development.

The company has domain expertise in a broad set of industries, comprising Banking, Financial Services and Insurance, Retail and CPG, Communication & Media, Manufacturing, Life Sciences & Healthcare, Energy & Utilities, Travel & Hospitality, Technology & Services and others.

Geographically, TCS operates in all five continents, with North America and Europe constituting the largest markets for our services. We derive over a fifth of our revenues from emerging markets such as India, Asia-Pacific, Latin America and Middle-East & Africa.

TCS was established in 1968 as a division of Tata Sons Limited. TCS was corporatized into a separate company with effect from 1st April 2004. Following a hugely successful IPO in July 2004, it was listed on the NSE and BSE on August 25, 2004.

As of June 30, 2023, TCS employed 615,318 professionals

TCS is headquartered in Mumbai, India, and has a global presence in 50 countries with 187 Solution centers in 19 countries. Learn more about TCS' offices in different countries.

The mailing address of TCS’ registered office is:
9th Floor, Nirmal Building
Nariman Point
Mumbai 400 021
Fax: 91 22 6778 9660
Tel: 91 22 6778 9595

TCS follows a financial year that begins on April 1 and ends on March 31.

Q1 FY2024	As per IFRS (INR Mn)	As per IFRS ($ Mn)
Revenue	593,810	$7,226
Net Income	110,740	$1,347

FY 2023	As per IFRS (INR Mn)	As per IFRS ($ Mn)
Revenue	2,254,580	$27,927
Net Income	421,470	$5,219

Internal Auditors: Ernst and Young
Statutory Auditors: B S R & Co. LLP

TCS' current credit ratings* are as below:

Credit Rating Agency	Moody's	ICRA	Fitch
Long term credit rating	Baa1	AAA	A
Outlook long term credit rating	Stable	Stable	Stable

* TCS provides the credit ratings for information purposes only. TCS does not endorse the agencies providing the ratings or their views and does not accept any responsibility for their accuracy.

You can find the TCS' Investor Relations Presentation in the "Management Commentary" section of the Investor page on our website. You can also download it by clicking here.

Details of all acquisitions done by TCS in the last 15 years are as below:

Name of acquired company	Based in	Acquisition cost ($ Mn)	Acquisition date	Business of acquired company
Swedish Indian IT Resources AB (SITAR)	Sweden	$5	1-May-05	IT Services
Tata Infotech Ltd	India	$67	14-Jul-05	IT services
Pearl group BPO	United Kingdom	$95	1-Oct-05	Life Insurance policy administration
FNS	Australia	$26	20-Oct-05	Core banking software
Comicrom S.A., Chile	Chile	$23	1-Nov-05	Payment processing
TKS-Teknosoft	Switzerland	$81	2-Nov-06	Wholesale banking software
TCS Management	Australia	$12	8-Nov-06	Consultancy
Citigroup Global Services Ltd	India	$512	8-Oct-08	Banking back office processing
SUPERVALU	India	$100	16-Oct-10	IT services captive
Computational Research Laboratories Ltd	India	$34	15-Aug-12	High performance computing
Alti SA	France	$98	8-Apr-13	IT services
IT Frontiers	Japan	N/A	21-Apr-14	IT services
W12 Studios Ltd	United Kingdom	N/A	1-Nov-18	Design studio
BridgePoint Group LLC	United States	N/A	28-Nov-18	Consultancy
Postbank Systems	Germany	N/A	9-Nov-20	IT Services
Pramerica Systems Ireland Ltd	Ireland	N/A	12-Nov-20	IT Services

TCS made an initial public offer in July 2004 and its shares were listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) in India on August 25, 2004. The shares of the Company were issued at a face value of Re 1 per share and a share premium of Rs 849 per share. There has been no follow-on offering from the Company.

TCS’ equity shares are listed in India on the National Stock Exchange (NSE: TCS) and the Bombay Stock Exchange (BSE: 532540).

TCS’ ISIN code is INE467B01029

As of June 30, 2023, TCS had 3,659,051,373 shares outstanding.

The history of bonus issues (stock splits) at TCS is listed below :

Year	Bonus share issue	Stock split ratio	Effective Date
2006	1:1	2 for 1	August 9, 2006
2009	1:1	2 for 1	June 18, 2009
2018	1:1	2 for 1	June 4, 2018

The history of buyback at TCS is listed below :

Date of announcement of Buyback	Share % of paid-up capital bought back	Share Buyback price	Total Buyback Amount	Date of extinguishment of shares
Feb 20, 2017	2.85%	₹ 2,850*	₹ 16,000 crore	Jun 8, 2017
Jun 15, 2018	1.99%	₹ 2,100	₹ 16,000 crore	Sep 26, 2018
Oct 07,2020	1.42%	₹ 3,000	₹ 16,000 crore	Jan 6,2021
Jan 12, 2022	1.08%	₹ 4,500	₹ 18,000 crore	Mar 29, 2022

* Price not adjusted for subsequent bonus issue.

The annual dividend history at TCS, not adjusted for stock splits, since listing is given below:

Year

FY
2005

FY
2006

FY
2007

FY
2008

FY
2009

FY
2010

FY
2011

FY
2012

FY
2013

FY
2014

FY
2015

FY
2016

FY
2017

FY
2018

FY
2019

FY
2020

FY
2021

FY
2022

FY
2023

Dividend
/Share (₹)

11.50

13.50

20*

25*

79*

43.50

73*

115 *

* Includes Special Dividend of ₹10,₹8, ₹40, ₹40 and ₹67 for FY2010, FY2012, FY2015, FY2020 and FY 2023 respectively

You can find the record date / payment date for the dividends announced by us in the "Dividend Payment Details" section of the Investor page on our website. These details are also notified to the stock exchanges on the same day of the announcement of the dividend and available on the BSE and NSE websites.

The quiet period at TCS begins ten days before the end of every quarter and lasts until the day of that quarter’s earnings release. During this period, the company’s management refrains from communicating with market participants

The Annual General Meeting (AGM) is typically held in end-June / early-July. The formal announcement will be published on the Investors page of our website, closer to the event. If you are a shareholder, you will receive a formal notice of the meeting, containing details of the date, time and venue, alongside the Annual Report.

TCS’ shares can be purchased on the open market in India through either a stock broker or any financial institution that provides brokerage services at the BSE or NSE. TCS does not offer a direct stock purchase plan.

No. The Company does not have any such program at present.

No. The Company does not accept fixed deposits.

For physical holdings, please send a letter, duly signed by the first holder, stating the new address and folio numbers of the shares you own to our Share Registrar, M/s TSR Consultants Private Limited (mailing address in the Investor Contacts section). A computerized acknowledgement will be sent to your new address confirming the updation of the change in our records.

In the case of dematerialized holdings, please write to your Depository Participant (DP) intimating them of the change and ask for a confirmation that their records reflect the new address.

Please write to our Share Registrar, M/s TSR Consultants Private Limited (mailing address in the Investor Contacts section) with details of folio numbers (in the case of physical holdings) or the DP ID and account number in the case of dematerialized holdings. After verification, they will issue a fresh cheque.

To avoid this problem in the future, you can use the ECS facility in which the dividend amount is automatically credited to the bank account of your choice. To avail of this facility, give your request to M/s TSR Darashaw Consultants Private Limited in writing.

Also, you might consider dematerializing your holdings through a reliable Depository Participant. This would not only eliminate the issues of storage and risk of loss of paper certificates but also ensure automatic crediting of dividends to your bank account. Click on the links to the see the list of Depository Participants empaneled with each of the two depositories in India – NSDL and CDSL.

Statutory information detailed in the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, are available here:

Pursuant to the applicable provisions of the Companies Act, 2013, the dividend declared by the Company, which is not claimed by the shareholders within 30 days from the date of the declaration, is required to be transferred to the Unpaid Dividend Account and the details of the shareholders, whose dividend is transferred, is required to be uploaded on the website of the Company. The dividend lying in this Unpaid Dividend Account can be claimed by the shareholders by writing to the Registrar and Transfer Agent - M/s TSR Consultants Private Limited (mailing address in the Investor Contacts section) with details of folio number (in case of physical holdings) or the DP ID/Client ID (in case of dematerialized holdings).

The details of the shareholders whose unclaimed dividends were transferred to Unpaid Dividend Account are available here:

Pursuant to the applicable provisions of the Companies Act, 2013 and the provisions of Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 (“the Rules”) notified by the Ministry of Corporate affairs effective September 7, 2016, all unpaid or unclaimed dividends are required to be transferred by the Company to the Investor Education and Protection Fund (“IEPF”) established by the Central Government, after completion of seven years. The Rules, inter alia, contain provisions for transfer of all shares in respect of which dividend has not been paid or claimed by the shareholders for seven consecutive years or more in the name of IEPF suspense account. Prior to transfer of shares, the Company is required to inform the shareholder concerned regarding transfer of shares three months before the due date of transfer of shares and also simultaneously publish a notice in the leading newspaper in English and regional language having wide circulation informing the concerned that the names of such shareholders and their folio number or DP ID - Client ID are available on their website. For details of the reminder letters sent to shareholders and copy of advertisement published, please click here.

Details of shareholders' dividend outstanding for 7 consecutive years

Pursuant to Section 124 read with Rule 7 of the Investor Education and Protection Fund (IEPF) Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, a shareholder may claim the shares and unclaimed dividend so transferred to the IEPF Authority by making an application in form IEPF 5.

The procedure to claim the share(s) and dividend(s) is available here.

Pursuant to the amendment to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is mandatory to transfer or sell securities in dematerialized form from April 1, 2019.For more details, kindly refer to our page on "Mandatory Dematerialization of shares" here.

As per SEBI circular dated November 3, 2021 below forms are required to be submitted to our Registrar and Transfer Agents (RTA), M/s TSR Consultants Private Limited (mailing address in the Investor Contacts section):

SEBI Circular

ISR 1 - Register/ Change PAN and KYC Details

ISR 2 - Confirmation of signature of securities holder by Bank

ISR 3 - Declaration for opting out of Nomination

ISR 4 – Request for issue of Duplicate Certificate and other Service Requests

SH 13 – Registration of Nomination

SH 14 – cancellation or variation of Nomination

Please use any one of the following mode for submission of documents to the RTA:

Hard copies: Above forms duly filled and signed along with self-attested and dated supporting documents can be submitted to the RTA across the counter/ by post/ through courier; or
Soft copies: Through e-mail address already registered with the RTA, with e-sign of scanned copies of documents. The forms and supporting documents e-signed with date should be sent at kyc@tcplindia.co.in

Shareholders are also requested to link their PAN with Aadhaar card before March 31, 2022 or any other date as may be notified in this regard by Central Board of Direct Taxes. PAN linked to Aadhaar is only considered as valid and will be registered.

As per SEBI circular, the folios wherein any one of the cited document / details are not available on or after April 01, 2023, shall be frozen by the RTA.

Taxation of Dividend Distribution

Resident Shareholders

Effective April 1, 2020, dividend income is taxable in the hands of shareholders. Accordingly, if any resident individual shareholder is in receipt of dividend exceeding ₹5,000 in a fiscal year, entire dividend will be subject to TDS @ 10%, provided you have updated your Permanent Account Number (PAN) with the depository, else the TDS rate will be 20%.

Tax deduction would not be applicable to resident individual shareholder if total dividend to be paid during a financial year does not exceed ₹5,000. If dividend already paid in the financial year was below ₹5,000, however with subsequent dividend in the same financial year exceeds ₹5,000, then applicable rate of TDS on the dividend/s paid would be deducted, while paying the subsequent dividend/s.

Example 1, Ms. A is entitled for the following dividends from the Company in a financial year, TDS applicability will be as under:

^{All figures in (₹)}

Particulars	Year	Dividend Payment Date	Dividend Amount (A)	Cumulative Dividend	TDS Rate	TDS Amount (B)	Net Dividend paid (A-B)
Final Dividend	FY 21-22	June 1, 2022	6,000	6,000	10%	600	5,400
1st Interim Dividend	FY 22-23	August 1, 2022	3,000	9,000	10%	300	2,700
2nd Interim Dividend	FY 22-23	November 1, 2022	5,000	14,000	10%	500	4,500

Example 2, Mr. X is entitled for the following dividends from the Company in a financial year, TDS applicability will be as under:

All figures in (₹)

Particulars	Year	Dividend Payment Date	Dividend Amount (A)	Cumulative Dividend	TDS Rate	TDS Amount (B)	Net Dividend paid (A-B)
Final Dividend	FY 21-22	June 1, 2022	2,500	2,500	NA	Nil	2,500
1st Interim Dividend	FY 22-23	August 1, 2022	2,000	4,500	NA	Nil	2,000
2nd Interim Dividend	FY 22-23	November 1, 2022	3,500	8,000	10%	800	2,700

Yes, the entire dividend will be subject to TDS for non-individual resident shareholders without any threshold limit. The tax deduction rate will be 10% provided the PAN is updated with the company or the depository and you are not falling under ‘specified person’ category as defined u/s 206AB of the Act as stated above, otherwise the TDS rate will be 20%.

In case of resident shareholders, the rate of TDS would not be increased by surcharge and cess.

Yes, you can approach to the company for non-deduction of tax at source. You will have to furnish a declaration in Form No. 15G/15H, as the case may be, to TCS-Exemptforms2223@tcplindia.co.in to the effect that the tax on his estimated total income of the previous year after including the income on which tax is to be deducted will be nil.

Please download form 15G/15H here:

Please submit the duly completed and signed form to TCS-Exemptforms2324@tcplindia.co.in

Please submit the duly complete and signed forms atleast 2 days before the Record date fixed for payment of dividend in order to verify and record the exemption from deduction of tax on source on dividend.

If the exemption forms are not submitted within the aforesaid time (Refer Investor Calendar / Dividend Payment Details), the same will be recorded for the subsequent dividends that may be declared by the Company during the year.

In case the shares are held in Demat form then the PAN needs to be updated with your Depository Participant, and in case shares held in Physical form with M/s TSR Consultants Private Limited at
csg-unit@tcplindia.co.in.

Shareholders can use the “View Your Tax Credit” (Form 26AS) facility available at www.incometax.gov.in. Please note the credit in form 26AS shall be reflected after TDS statement filed by company on a quarterly basis is processed by tax authority. Below are the navigation steps to be followed:

Go to the 'My Account' menu, click 'View Form 26AS (Tax Credit)' link.
Read the disclaimer, click 'Confirm' and the user will be redirected to TDS-CPC Portal.
In the TDS-CPC Portal, Agree the acceptance of usage, and click on ‘Proceed’.
Click 'View Tax Credit (Form 26AS)'

Taxation of Dividend Distribution

2. Non-resident Shareholders

For non-resident shareholders, the rate of withholding tax is 20% (plus applicable surcharge and cess) as per the Act. In case of dividend to a non-resident shareholder having permanent establishment in India, falling under ‘specified person’ category u/s 206AB of the Act, will be subject to withholding at twice the applicable rate. However, where non-resident shareholder is eligible to claim the tax treaty benefit and the tax rate provided in respective tax treaty is beneficial than rate as per tax treaty would be applied. In order to avail tax treaty benefits, non-resident shareholders would be required to submit certain documents.

Please note that there is no threshold provided for which no tax will be withheld. Entire dividend is subject to withholding of tax.

Yes, in case of non-resident shareholders the rate of 20% would be increased by applicable Surcharge and Cess based on the status of the non-resident.

The rate of surcharge depends upon the status of the non-resident and its income.

For Non-resident Individuals the rate of surcharge is as under:

Income Slab	Rate of Surcharge
more than INR 50 Lacs but not exceeding INR 1 Crore	10%
above INR 1 Crore	15%

For Non-resident other than Individuals the rate of surcharge is as under:

Income Slab	Rate of Surcharge
more than INR 1 Crore but not exceeding INR 10 Crores	2%
above INR 10 Crores	5%

Non-resident shareholders (including FIIs/FPIs) who are tax residents of countries which have signed Double Taxation Avoidance Agreement with India are eligible for a relief of concessional rate of TDS as per the Tax Treaty (if any).

Following documents are required for availing the concessional rate of withholding tax:

Tax Residency Certificate for the year in which dividend is received (to be issued by Revenue / Tax authorities of home country)
Form 10F as per the format specified under Income Tax Act, 1961

(In pursuance of Notification no. 03/2022 dated 16th July 2022, non-resident shareholders are required to furnish Form 10F electronically on income tax portal with their login credentials at eportal.incometax.gov.in.

Non-resident shareholders who are not having Permanent Account Number (‘PAN’) in India or who are not required to obtain PAN in India is exempted from mandatory electronic filing of Form 10F, however they are required to submit the manual Form 10F duly signed along with a declaration of not having PAN or not required to obtain PAN in India in the attached format.)

Self Declaration for the year in which dividend is received. Principally, following should be covered in the self declaration

Non-resident is eligible to claim the benefit of respective tax treaty
Non-resident receiving the dividend income is beneficial owner of such income
Dividend income is not attributable/effectively connected to any Permanent Establishment (PE) or Fixed Base in India.

Specimen of Form 10F and self declaration are attached below:

A non-resident willing to claim concessional rate benefit under the Treaty should submit the documents at the starting of every year or atleast 2 days before the Record date fixed for payment of dividend (Refer Dividend Payment Details) in order to verify and record the exemption from deduction of tax on source on dividend.

If the required documents are not submitted by the aforesaid time the same will be recorded for the subsequent dividends that may be declared by the Company during the year.

Go to the 'My Account' menu, click 'View Form 26AS (Tax Credit)' link.
Read the disclaimer, click 'Confirm' and the user will be redirected to TDS-CPC Portal.
In the TDS-CPC Portal, Agree the acceptance of usage, and click on ‘Proceed’.
Click 'View Tax Credit (Form 26AS)'

Contact

TCS is here to make a difference through technology.

We’re in it for good, driving positive change for the benefit of all.

Recent News

Extraordinary expertise leads to remarkable results.

Want to be a global change-maker? Join our team.

TCS works hand in hand with world-leading investors.

TCS is here to make a difference through technology.

We’re in it for good, driving positive change for the benefit of all.

Recent News

Extraordinary expertise leads to remarkable results.

Want to be a global change-maker? Join our team.

TCS works hand in hand with world-leading investors.

IR FAQs

What is TCS’ area of operations?

When was TCS founded?

What is the employee strength of TCS?

Where is TCS located?

What is the address of TCS’ registered office?

When does TCS’ financial year end?

What is TCS’ revenue and net income for the recently concluded quarter and year?

Who are your auditors?

What are TCS' current credit ratings?

Where can I find TCS' Investor Relations Presentation?

What are the M&A activities that TCS has engaged in the last 10-15 years?

When did TCS have its initial public offer (IPO) and what was the issue price? Was there any follow-on offering?

In which stock exchanges are TCS’ shares listed and what are the codes?

What is TCS’ ISIN code?

How many shares are outstanding?

What is the history of bonus issues at TCS?

What is the history of buyback at TCS?

What is the dividend history at TCS?

What is the record date and payment date of the interim / final dividend?

Does TCS have a quiet period? When is that?

When is the AGM held?

How do I buy TCS’ shares?

Does TCS have a dividend reinvestment program or dividend stock purchase plan?

Does TCS accept fixed deposits from the public?

How do I record a change in my address?

My dividend cheque is lost / was never received / has expired. How do I get a fresh cheque re-issued?

Where can I find details of the unclaimed dividend amounts accruing into the Investor Education and Protection Fund?

Where can I find the details of unclaimed dividend transferred to the Unpaid Dividend Account of the Company?

Where can I find details of the dividends unclaimed for 7 consecutive years, the shares in respect of which are liable to be transferred to the Investor Education and Protection Fund?

How can I claim dividend or shares that have been transferred to the Investor Education and Protection Fund Authority?

I hold TCS shares in physical form. How do I transfer or sell these shares?

I hold TCS shares in physical form, how do I update my PAN, KYC, Bank and Nomination details?

I am a resident individual shareholder. Will my dividend be subject to Tax Deduction at Source (TDS)?

I am resident shareholder but not an individual. Will the dividend be subject to TDS?

Is the above rate of 10% or 20% as the case be increased by surcharge and cess?

From where can I download the Form 15G / 15H and submit the same for non-deduction of tax?

What is the last date by which the form 15G/15H is to be submitted for non-deduction of tax on dividend?

Where does the shareholder need to update the PAN?

How can a shareholder know the quantum of tax deducted from his dividend income by the company?

What is the rate of withholding tax on dividend declared and paid to non-resident shareholders ? Is there any limit upto which no tax will be withheld?

Is the above rate of 20% increased by surcharge and cess?

What is the applicable rate of surcharge for non-resident shareholders (including FIIs/FPIs)?

Who are eligible for a relief of concessional rate of withholding tax as per the Tax Treaty entered by India with other countries? If eligible, what are the documents required for availing such relief?

When the documents required for claiming concessional rate benefit under the Treaty are required to be submitted?

How can a shareholder know the quantum of tax deducted from his dividend income by the company?

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