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.
Last updated 6 September 2026
Tata Consultancy Services Limited is India's largest IT services, consulting and business solutions company, majority-owned by Tata Sons and listed on BSE and NSE. The Mumbai-headquartered firm reported consolidated FY2026 revenue of approximately Rs 2,67,021 crore, up 4.58 percent year on year, with a PAT of approximately Rs 52,820 crore. TCS is debt-free, carries ICRA AAA/A1+ credit ratings, and operates at net margins of roughly 19 to 20 percent.
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Company Identity
| 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) |
|
| Registered address | 9th Floor, Nirmal Building, Barrister Rajani Patel Marg, Nariman Point, Mumbai, Maharashtra 400021 |
| Authorized capital | ₹565.08 crore |
| Paid-up capital | ₹361.81 crore |
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
- 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
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Natarajan Chandrasekaran | 00121863 | Chairman | - |
| Kunchitham (K.) Krithivasan | 10106739 | Managing Director & CEO | 1 Jun 2023 |
| Aarthi Subramanian | 07121802 | Whole-time Director & COO | - |
| Pradeep Kumar Khosla | 03611983 | Independent Director | - |
| Keki Minoo Mistry | 00008886 | Independent Director | - |
| Hanne Birgitte Breinbjerg Sorensen | 08035439 | Independent Director | Apr 2019 |
| Al Noor Ramji | 00230865 | Independent Director | - |
| Sanjay Vijay Bhandarkar | 01260274 | Independent Director | - |
Source: MCA / DIN records via tofler.in, falconebiz.com
GST Registrations
| 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
All figures ₹ crore, Ind AS. CONSOLIDATED audited series:
- 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 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. 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)
- 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. PBT 65,331. Operating margin 24.2%, net margin ~19.0%. Net worth ~94,756–95,771. Total assets 159,629
- 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
- Revenue 225,458. PAT 42,303 (attributable ~42,147). Net worth 91,206. Total assets 143,651
- Revenue 191,754. PAT 38,449. Net worth/assets not obtained
- Revenue 164,177. PAT 32,562. FY2020: Revenue 156,949. PAT 32,447
STANDALONE: 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
In the News
Tata Consultancy Services falls Friday, underperforms market
MarketWatch · 2 months ago
STC Bahrain picks Tata Consultancy Services to modernise IT
telecompaper.com · 2 months ago
Tata Consultancy Services falls Thursday, underperforms competitors
MarketWatch · 2 months ago
Tata Consultancy Services - PTC India, Coal India among 10 stocks offering dividend yields of up to 10%
The Economic Times · 2 months ago
Tata Consultancy Services: AI, Sustainability & Energy Goals
Sustainability Magazine · 2 months ago
Headlines about TATA CONSULTANCY SERVICES LIMITED reported by third-party publications. Recur Club does not author or endorse this coverage. Last checked 9/6/2026.
Source: Google News aggregated headlines
Charges / Secured Lending
- Registered charges — 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
- ICRA: [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
- 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
(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/
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