News

Published: August 26, 2024
Updated: August 26, 2024

TCS Celebrates 20 Years of Listing, Returns 77.5% Cash to Investors

TCS' Historic IPO

In 2004, TCS made history with India's first $1 billion initial public offering (IPO) by a private-sector company, with Tata Sons diluting 14% of its equity shares.

Two Decades of Growth

Over the past 20 years, TCS has announced five buybacks and three bonus issues, returning 77.5% of its total cash to shareholders. The company's market capitalization has surged by over 3,300%.

Refocusing for the Future

TCS' Managing Director and CEO, K Krithivasan, stated that the company will remain focused on building a stronger future, helping clients navigate technology cycles, and creating wealth for investors.

Expansion and Trends

TCS has expanded across all segments, setting trends in several areas. Its headcount has grown from 33,774 in FY04 to 606,998 as of June 30, 2024. The company now operates in 55 countries, with over 300 offices and more than 200 delivery centers.

TCS' 20-year journey is a testament to its strength and resilience. With its focus on building a stronger future, TCS is well-positioned to lead in the new era of digital transformation.