Tata Consultancy Services has remained the biggest cash churner for Tata Sons, the holding company of the Tata Group, in the fiscal year ending March 2022. Tata Sons received Rs 11,371 crore as a total dividend from TCS and Rs 11,121 crore (its highest ever) after TCS announced a buyback of shares.
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In FY20, TCS paid its highest ever dividend of Rs 22,971 crore to its parent firm. Over the years, Tata Sons used the cash mainly for paying off the debt of Tata Teleservices and infused additional money in Tata Capital and its realty business.
