Tata Sons set to earn record dividend worth nearly Rs 33,350 cr in FY23

Rs 33K-cr payout by group firms up 130% YoY

Thanks to a big payout by the group’s cash cow, Tata Consultancy Services (TCS), Tata Sons is set to earn a record-high equity dividend worth nearly Rs 33,350 crore from the group’s listed companies for FY23, up 130 per cent from Rs 14,529 crore in FY22.

Nearly 90 per cent of this, or around Rs 30,500 crore, is estimated to accrue to Tata Sons while the rest will show up in its profit & loss account for FY24.

This is because nearly 80 per cent of the dividend payout by TCS for FY23 was done before the end of the