Tata Consultancy Services remains the prime cash cow for Tata Sons
Tata Sons has also taken shareholder approval to raise Rs 40,000 crore of debt
 "Tata Consultancy Services remains the prime cash cow for Tata Sons")
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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 total dividend from TCS and Rs 11,121 crore (its highest ever) after TCS announced buyback of shares.
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.
The company also floated separate arms for acquisition of Air India and for its e-commerce business. Tata Sons has also taken shareholder approval to raise Rs 40,000 crore of debt. Last Monday, TCS reported a 7% rise in consolidated net profit to Rs 9,926 crore for the March 2022 quarter, against a net profit of Rs 9,246 crore in the year-ago period.
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