Company Intelligence Profile
TATA CONSULTANCY SERVICES LIMITED
TATA CONSULTANCY SERVICES LIMITED (CIN L22210MH1995PLC084781) — India's largest IT services firm, Tata-group flagship, listed on BSE/NSE, debt-free with ~₹2.67 lakh crore FY2026 consolidated revenue and ICRA AAA/A1+ ratings.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
Company Identity
Confirmed| Registered name | TATA CONSULTANCY SERVICES LIMITED |
|---|---|
| CIN | L22210MH1995PLC084781 |
| PAN | AAACR4849R |
| Status | Active |
| Listing | Yes — listed on BSE (scrip code 532540) and NSE (symbol TCS) |
| Incorporated | 19 January 1995 |
| ROC | RoC-Mumbai |
| Sector (NIC) | CIN activity code 22210 (MCA registry classification). Business sector: Information Technology / IT services, consulting and business solutions. Note: 22210 is the registrar's classification code embedded in the CIN, NOT the NIC software-services code (72xxx); the finder brief's inference that "22210 = Information Technology" was flagged as incorrect reasoning by the verification pass, though TCS is unquestionably an IT company by business. |
| Registered address | 9th Floor, Nirmal Building, Barrister Rajani Patel Marg, Nariman Point, Mumbai, Maharashtra 400021 |
| Authorized capital | ₹565.08 crore (exact ₹5,65,07,50,000 — exact rupee figure single-sourced to a Falconebiz snippet; ₹565.08 cr confirmed by Tofler + TheCompanyCheck) |
| Paid-up capital | ₹361.81 crore (exact ₹3,61,80,87,518 — exact rupee figure single-sourced; ₹361.81 cr confirmed by Tofler + TheCompanyCheck; ~361.8 cr equity shares of Re 1 face value) |
Source: tofler.in/tata-consultancy-services-limited/company/L22210MH1995PLC084781; thecompanycheck.com/company/tata-consultancy-services-limited/L22210MH1995PLC084781; falconebiz.com/company/TATA-CONSULTANCY-SERVICES-LIMITED-L22210MH1995PLC084781
Business Overview
Confirmed- Tata Consultancy Services Limited is India's largest IT services, consulting and business-solutions company and the flagship IT arm of the Tata group
- Incorporated 19 January 1995, headquartered in Mumbai, it is majority-owned (~71.8%) by Tata Sons Private Limited and dual-listed on BSE (532540) and NSE (TCS)
- It is a debt-free, net-cash enterprise with consolidated FY2026 revenue of ~₹2.67 lakh crore (crossed US$30bn in FY2025), operating margins in the ~24-25% range, and ICRA's highest AAA/A1+ credit ratings
- ~83% of FY2024 revenue came from North America and Europe (incl. UK)
- Employee headcount and utilization data were not obtained in this pass
Source: tofler.in, thecompanycheck.com, company disclosures & trade press
Board of Directors & KMP
Confirmed| Name | DIN | Role | Appointed |
|---|---|---|---|
| Natarajan Chandrasekaran | 00121863 | Chairperson Non-Executive, also Chairman of Tata Sons | - |
| Kunchitham (K.) Krithivasan | 10106739 | Managing Director & CEO since 1 Jun 2023 | - |
| Aarthi Subramanian | 07121802 | Whole-Time Director, designated Executive Director, President & COO current term 1 May 2025 – 30 Apr 2030 | - |
| Pradeep Kumar Khosla | 03611983 | Independent Director appointed ~Jan 2019 | - |
| Keki Minoo Mistry | 00008886 | Independent Director | - |
| Hanne Birgitte Breinbjerg Sorensen | 08035439 | Independent Director appointed Apr 2019 | Apr 2019 |
| Al Noor Ramji | 00230865 | Independent Director term Oct 2023 – Oct 2028 | - |
| Sanjay Vijay Bhandarkar | 01260274 | Independent Director appointed early Mar 2025 All 8 names and DINs agree exactly across Tofler and TheCompanyCheck and were independently re-verified IndiaFilings/Zauba/director pages. No invented DINs. | - |
Source: MCA / DIN records via tofler.in, falconebiz.com
GST Registrations
Partial / conflicting| GSTIN | State | PAN | Status |
|---|---|---|---|
| 27AAACR4849R1ZL | Maharashtra | AAACR4849R | - |
| 27AAACR4849R1CW | Maharashtra | AAACR4849R | - |
| 27AAACR4849R2ZK | Maharashtra | AAACR4849R | - |
| 27AAACR4849R3ZJ | Maharashtra | AAACR4849R | - |
| 24AAACR4849R1ZR | Gujarat | AAACR4849R | - |
| 23AAACR4849R3ZR | Madhya Pradesh | AAACR4849R | - |
| 33AAACR4849R2ZR | Tamil Nadu | AAACR4849R | - |
| 33AAACR4849R3ZQ | Tamil Nadu | AAACR4849R | - |
| 33AAACR4849R4ZP | Tamil Nadu | AAACR4849R | - |
| 36AAACR4849R1ZM | Telangana | AAACR4849R | - |
| 36AAACR4849R2ZL | Telangana | AAACR4849R | - |
| 29AAACR4849R1CS | Karnataka | AAACR4849R | - |
| 29AAACR4849R2ZG | Karnataka | AAACR4849R | - |
| 07AAACR4849R1CY | Delhi | AAACR4849R | - |
| 06AAACR4849R1ZP | Haryana | AAACR4849R | - |
| 21AAACR4849R3ZV | Odisha | AAACR4849R | - |
| 19AAACR4849R1ZI | West Bengal | AAACR4849R | - |
| 32AAACR4849R1ZU | Kerala | AAACR4849R | Cancelled |
27AAACR4849R1ZL (Maharashtra HO), 27AAACR4849R1CW, 27AAACR4849R2ZK, 27AAACR4849R3ZJ, 24AAACR4849R1ZR (GJ), 23AAACR4849R3ZR (MP), 33AAACR4849R2ZR / 33AAACR4849R3ZQ / 33AAACR4849R4ZP (TN), 36AAACR4849R1ZM / 36AAACR4849R2ZL (TG), 29AAACR4849R1CS / 29AAACR4849R2ZG (KA), 07AAACR4849R1CY (DL), 06AAACR4849R1ZP (HR), 21AAACR4849R3ZV (OD), 19AAACR4849R1ZI (WB), 32AAACR4849R1ZU (KL). Total count disputed 65 vs 91; full list not obtained; no cancelled GSTIN found.
Source: knowyourgst.com
Audited Financials
Partial / conflictingAll figures ₹ crore, Ind AS. CONSOLIDATED audited series (revenue confirmed vs press releases/Screener; other lines largely single-sourced to TheCompanyCheck unless noted):
FY2026 (yr ended Mar 2026): Revenue 267,021 (+4.58% YoY, CONFIRMED). PAT — CONTESTED: headline ~52,820 (+~8.8% YoY, EPS ₹145.99, net margin ~19.8%) per Verifier 0 & Verifier 2 via TCS Q4FY26 press release / Investing.com / Multibagg; aggregators (TheCompanyCheck/Screener) and Verifier 1 report 49,454 (+1.38%), which is mathematically inconsistent with the stated "highest margin in 4 years, +80 bps." Adopting ₹52,820 cr as the more defensible figure. Net worth ~107,240–108,478 (BRSR filing ~107,240 vs TheCompanyCheck 108,478). Total assets 182,372. EBITDA ~76,800 (aggregator-derived). Borrowings: zero conventional/external debt; balance-sheet borrowings line ~11,283 reflects Ind AS 116 lease liabilities (Screener). FY2025: Revenue 255,324 (+5.99%, crossed US$30bn, CONFIRMED). PAT attributable to owners ₹48,553 (+5.76%, Business Standard/TCS PR); profit for the year incl. NCI ~48,797 (TheCompanyCheck). PBT 65,331. Operating margin 24.2%, net margin ~19.0%. Net worth ~94,756–95,771. Total assets 159,629 (Tofler-confirmed). FY2024: Revenue 240,893 (+6.85%). PAT attributable ₹45,908 (+8.92%); profit-for-year ~46,099. EBITDA ~68,718. Net worth 91,319. Total assets 146,449. FY2023: Revenue 225,458. PAT 42,303 (attributable ~42,147). Net worth 91,206. Total assets 143,651. FY2022: Revenue 191,754. PAT 38,449. Net worth/assets not obtained. FY2021: Revenue 164,177. PAT 32,562. FY2020: Revenue 156,949. PAT 32,447. (FY20–FY22 single-sourced to TheCompanyCheck, unverified.)
STANDALONE (single-sourced, TheCompanyCheck, UNVERIFIED): FY2026 Rev 220,938 / PAT 49,096 / NW 84,676 / Assets 149,268; FY2025 Rev 214,853 / PAT 48,057 / NW 75,617 / Assets 132,788; FY2024 Rev 202,359 / PAT 43,559 / NW 72,120 / Assets 121,148; FY2023 Rev 190,354 / PAT 39,106 / NW 74,538 / Assets 119,827.
Caveats: EBITDA is third-party-derived (TCS reports EBIT/operating margin, not EBITDA). The deeper grid (EBITDA, total assets, net worth, standalone, pre-FY2023) is single-sourced pending annual-report confirmation.
Source: BSE/NSE filings & annual report; tofler.in, thecompanycheck.com
Charges / Secured Lending
Partial / conflicting- Registered charges (source: Tofler
- single-sourced) — total OPEN charge amount ≈ ₹5,385 crore (a peer aggregate cited ~₹5,486 cr
- treat as ~₹5,385–5,486 cr)
- Open charges: Citibank N.A
- ₹2,700 cr (09 Aug 2024 — largest single open charge, almost certainly non-fund-based/guarantee or forex line given TCS carries no debt)
- State Bank of India ₹2,000 cr (16 Apr 2012)
- Standard Chartered Bank ₹350 cr (02 May 2003), ₹100 cr (08 Sep 2021), ₹5 cr and ₹0.5 cr (27 Jan 2003)
- Canara Bank ₹320 cr (04 Apr 2014)
- Indian Bank ₹0.1 cr (29 Sep 1988)
- Satisfied/settled charges include historical Canara Bank charges (₹10.6 cr / ₹0.6 cr / ₹0.2 cr)
- Total borrowings ₹0 per Tofler (external debt)
- Charges are overwhelmingly non-fund-based facilities (bank guarantees/LCs/forex), consistent with ICRA's "external debt free" characterization
Source: MCA charge index via tofler.in, falconebiz.com
Credit Ratings
Confirmed- ICRA (primary source — rating rationale dated 10 September 2024, icra.in report id 129826): [ICRA]AAA (Stable) / [ICRA]A1+, reaffirmed on all facilities
- total rated amount ₹9,000.00 crore (unchanged)
- Breakdown: LT/ST Fund-based ₹20 cr
- LT/ST Non-fund-based ₹7,719.80 cr (prev. ₹8,295.56 cr)
- LT/ST Fund/Non-fund ₹1,027.20 cr
- Unallocated ₹233 cr. Outlook Stable
- Liquidity "Superior" (cash/investments ₹46,647 cr as at 30 Jun 2024
- external-debt-free, negative net debt)
- Positive sensitivity "Not applicable" (already highest grade)
- Historical: earlier ICRA rationale (2015) rated ₹500 cr FB / ₹320 cr NFB at AAA/A1+
- ICRA at one point withdrew the A1+ on a ₹4,000 cr Commercial Paper Programme (no amount outstanding
- exact date not obtained)
- CRISIL / CARE / India Ratings: NO TCS-specific rating located — treat as not obtained (TCS appears rated by ICRA)
Source: icra.in (TCS rating rationale 10 Sep 2024
Legal / Litigation
Confirmed(a) Epic Systems Corp. v. TCS (U.S., trade secrets): TCS consultant on a Kaiser Permanente engagement posed as an employee to access Epic's "UserWeb" and downloaded thousands of confidential documents. 2016 jury verdict $240M compensatory + $700M punitive = $940M; district court (2017) reduced to $140M + $280M = $420M; 7th Cir. (Aug 2020, No. 19-1613) affirmed $140M compensatory but capped punitives at $140M (Wisconsin 2:1 cap) → final $140M + $140M = $280M. SCOTUS denied TCS cert 20 Nov 2023 (23-386); Epic cross-petition also denied — $280M judgment stands final. A further 7th Cir. matter (No. 24-2882, decision 4 Jun 2025) on post-judgment issues exists; exact holding NOT obtained (page returned 403). (b) TCS v. State of Andhra Pradesh (India, landmark): Supreme Court of India, decided 5 Nov 2004 (Sinha J.). Held that canned/packaged software on a tangible medium IS "goods" liable to sales tax under the AP General Sales Tax Act 1957; TCS's appeal dismissed. Foundational precedent on intangibles-as-goods — a precedent, not a solvency/liability event. No other adverse Indian Kanoon litigation of financial significance surfaced.
Source: indiankanoon.org/doc/153638/
Key Competitors
ConfirmedIndia's largest IT-services company.
- Infosys (rev ~₹1,53,000 Cr; m-cap ~₹7 L Cr)
- Wipro (rev ~₹90,000 Cr)
- HCLTech (rev ~₹1,10,000 Cr)
- Accenture (global rev ~$65B)
- Cognizant (global rev ~$19B)
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