Code, Cash, and Corporate Taxes: TCS Trumps Ambani and Adani Combined

Tata Consultancy Services (TCS), the epitome of an IT juggernaut in India, is cash-rich, outstripping even Mukesh Ambani's Reliance Industries. With a phenomenal cash trove of Rs 86,220 crore, TCS has much more in its kitty than Reliance's market capitalization. Nevertheless, TCS has paid Rs 15,898 crore in corporate taxes-nearly four times the Adani Group's contribution of Rs 4,000 crore times over. Such impressive financial muscle is derived from TCS's steady revenue growth and a business model marked by high margins. Under the stewardship of Chairman N. Chandrasekaran, TCS continues to lead in the field of IT services, demonstrating the clout of the Tata Group's main company within the Indian corporate sector. 

 

Source: Indian Express