Tata Consultancy Services logo

Tata Consultancy Services CEO, MD, chairman, board of directors and AGM

NSE: TCSBSE: 532540IT - SoftwareLarge Cap

Last close ₹2,530.00up ₹23.10 (0.92%)BSE ₹2,528.00

Share price at the NSE close on 23 Oct 2026. Previous close ₹2,506.90.

52-week range of traded prices to 23 Oct 2026
₹1,976.80Low, 1 Jul 2026₹3,350.00High, 3 Feb 2026
Market cap
₹9,15,376 Cr6th largest listed
P/E
17.7
P/B
7.7
Dividend yield
4.43%
ROE
45.8%
ROCE
58.0%
Debt to equity
0.00
Volume, NSE
68,57,94234.4% delivered

Tata Consultancy Services board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonChandrasekaran NatarajanRelated to the promoter
  • Managing director and CEOKunchitham Krithivasan
  • Company Secretary and Compliance OfficerYashaswin Sheth

8 directors5 independent2 executive1 non-executive

  • Chandrasekaran Natarajan · ChairpersonNon-executive · joined Sep 2007 · 7 listed boards
  • Kunchitham Krithivasan · Managing director and CEOExecutive · joined Jun 2023 · 1 listed board · 1 committee seat
  • Aarthi SubramanianExecutive · joined Mar 2015 · 1 listed board
  • Pradeep Kumar KhoslaIndependent · joined Jan 2018 · reappointed Jan 2023 · 101 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Hanne Birgitte Breinbjerg SorensenIndependent · joined Dec 2018 · reappointed Dec 2023 · 90 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Keki M MistryIndependent · joined Dec 2018 · reappointed Dec 2023 · 90 months as independent · 4 listed boards · 2 as independent · 6 committee seats, 4 as chair
  • Al Noor RamjiIndependent · joined Oct 2023 · reappointed Oct 2023 · 32 months as independent · 3 listed boards · 3 as independent · 3 committee seats
  • Sanjay Vijay BhandarkarIndependent · joined Mar 2025 · reappointed Mar 2025 · 15 months as independent · 4 listed boards · 4 as independent · 7 committee seats, 4 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 9 Apr 20268 of 8 present5 independent · 39 days in between
    • 28 Feb 20268 of 8 present5 independent · 46 days in between
    • 12 Jan 20268 of 8 present5 independent

  • Audit Committee

    Chair Keki M Mistry

    Pradeep Kumar Khosla, Hanne Birgitte Breinbjerg Sorensen, Al Noor Ramji, Sanjay Vijay Bhandarkar

    • 9 Apr 20265 of 5 present5 independent · 68 days in between
    • 30 Jan 20264 of 5 present4 independent · 17 days in between
    • 12 Jan 20265 of 5 present5 independent

  • Nomination and remuneration committee

    Chair Keki M Mistry

    Chandrasekaran Natarajan, Hanne Birgitte Breinbjerg Sorensen, Sanjay Vijay Bhandarkar

    • 9 Apr 20264 of 4 present3 independent · 39 days in between
    • 28 Feb 20264 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair Pradeep Kumar Khosla

    Kunchitham Krithivasan, Keki M Mistry

    • 27 Jan 20263 of 3 present2 independent

  • Risk Management Committee

    Chair Keki M Mistry

    Kunchitham Krithivasan, Al Noor Ramji, Samir Seksaria

    • 16 Apr 20263 of 3 present2 independent · 78 days in between
    • 27 Jan 20263 of 3 present2 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Sep 2026.

  • B S R & Co. LLPPeer-review certificate valid to Jul 2028
1 earlier auditor
  • BSR and Co LLPNamed in the filing for the quarter to Mar 2025

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Tata Consultancy Services AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Tata Consultancy Services dividend history

Annual general meeting, 9 Jun 2026

26,39,698 shareholders on the register on 2 Jun 2026; present: 5 promoters and 224 others; votes counted by P. N. Parikh / Parikh & Associates, Practising Company Secretaries.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt: a. the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon; and b. the Audited Consolidated Financial Statements of theCompany for the financial year ended March 31, 2026, together with the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.42%

    Turnout: all 92.19% · promoters 100.00% · institutions 89.42% · other public 0.35%

  2. To confirm the payment of Interim Dividends (including a special dividend) on Equity Shares and to declare a Final Dividend on Equity Shares for the financial year ended March 31, 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.73%

    Turnout: all 92.55% · promoters 100.00% · institutions 90.99% · other public 0.35%

  3. To appoint a Director in place of N Chandrasekaran (DIN 00121863), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    96.49% for3.51% against

    Against: promoters 0.00% · institutions 15.62% · other public 4.12%

    Turnout: all 92.55% · promoters 100.00% · institutions 90.98% · other public 0.35%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 19 Jun 2025, 10 resolutions

22,56,603 shareholders on the register on 12 Jun 2025; present: 5 promoters and 198 others; votes counted by Jigyasa N. Ved / Parikh & Associates, Practising Company Secretaries.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt: a. the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and the Auditors thereon; and b. the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, together with the Report of the Auditors thereon.MoreLess
    Ordinary
    99.83% for0.17% against

    Against: promoters 0.00% · institutions 0.75% · other public 0.42%

    Turnout: all 92.77% · promoters 100.00% · institutions 89.29% · other public 0.51%

  2. To confirm the payment of Interim Dividends (including a special dividend) on Equity Shares and to declare a Final Dividend on Equity Shares for the financial year ended March 31, 2025.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.43%

    Turnout: all 93.00% · promoters 100.00% · institutions 90.24% · other public 0.51%

  3. To appoint a Director in place of Aarthi Subramanian (DIN 07121802), who retires by rotation and being eligible, offers herself for re-appointment.
    Ordinary
    99.33% for0.67% against

    Against: promoters 0.00% · institutions 2.93% · other public 1.75%

    Turnout: all 92.99% · promoters 100.00% · institutions 90.23% · other public 0.51%

  4. To appoint Aarthi Subramanian as a Whole-time Director designated as “Executive Director - President and Chief Operating Officer”
    Ordinary
    99.66% for0.34% against

    Against: promoters 0.00% · institutions 1.48% · other public 22.22%

    Turnout: all 92.99% · promoters 100.00% · institutions 90.23% · other public 0.51%

  5. To appoint Secretarial Auditors of the Company
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.08% · other public 0.53%

    Turnout: all 92.90% · promoters 100.00% · institutions 89.83% · other public 0.51%

  6. To approve material related party transactions with Tata Capital Limited
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.59%

    Turnout: all 21.23% · promoters 0.00% · institutions 90.23% · other public 0.51%

  7. To approve material related party transactions with Tata Capital Housing Finance Limited
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.59%

    Turnout: all 21.23% · promoters 0.00% · institutions 90.23% · other public 0.51%

  8. To approve material related party transactions with Tejas Networks Limited
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.35%

    Turnout: all 21.23% · promoters 0.00% · institutions 90.23% · other public 0.51%

  9. To approve material related party transactions with Jaguar Land Rover Limited
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.50%

    Turnout: all 21.23% · promoters 0.00% · institutions 90.23% · other public 0.51%

  10. To approve material related party transactions with Tata Consultancy Services Japan, Ltd. (a non-wholly owned subsidiary)
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.61%

    Turnout: all 21.23% · promoters 0.00% · institutions 90.23% · other public 0.51%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 24 Apr 2025, 1 resolution

22,09,598 shareholders on the register on 14 Mar 2025; votes counted by P. N. Parikh / Parikh & Associates, Practising Company Secretaries.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Sanjay V. Bhandarkar (DIN 01260274) as a Non-Executive Independent Director for a term of five years from March 4, 2025 to March 3, 2030
    Special
    98.54% for1.46% against

    Against: promoters 0.00% · institutions 6.48% · other public 3.70%

    Turnout: all 92.67% · promoters 100.00% · institutions 88.43% · other public 0.74%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 31 May 2024, 7 resolutions

Present: 5 promoters and 197 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt:na. the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Board of Directors and the Auditors thereon; andnb. the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2024, together with the Report of the Auditors thereon.MoreLess
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.11% · other public 0.38%

    Turnout: all 93.04% · promoters 100.00% · institutions 90.83% · other public 0.42%

  2. To confirm the payment of Interim Dividends (including a special dividend) on Equity Shares and to declare a Final Dividend on Equity Shares for the financial year 2023-2024
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.24%

    Turnout: all 93.29% · promoters 100.00% · institutions 91.90% · other public 0.42%

  3. To appoint a Director in place of N Chandrasekaran (DIN 00121863), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    95.91% for4.09% against

    Against: promoters 0.00% · institutions 17.73% · other public 0.91%

    Turnout: all 93.29% · promoters 100.00% · institutions 91.89% · other public 0.42%

  4. To approve existing as well as new material related party transactions with identified subsidiaries of Promoter Company and/ or their subsidiaries
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.74%

    Turnout: all 21.53% · promoters 0.00% · institutions 91.89% · other public 0.41%

  5. To approve existing as well as new material related party transactions with Tejas Networks Limited
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.07%

    Turnout: all 21.53% · promoters 0.00% · institutions 91.89% · other public 0.41%

  6. To approve existing as well as new material related party transactions with Tata Motors Limited, Jaguar Land Rover Limited and/or their identified subsidiaries
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.44%

    Turnout: all 21.53% · promoters 0.00% · institutions 91.89% · other public 0.41%

  7. To approve existing as well as new material related party transactions with Tata Consultancy Services Japan, Ltd., subsidiary of the Company
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.90%

    Turnout: all 21.53% · promoters 0.00% · institutions 91.89% · other public 0.41%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 15 Nov 2023, 4 resolutions

The company's voting result (opens in a new tab)

  1. Buyback of equity shares
    Special
    99.78% for0.22% against

    Against: promoters 0.00% · institutions 1.25% · other public 2.62%

    Turnout: all 87.54% · promoters 100.00% · institutions 67.30% · other public 1.44%

  2. Appointment of Mr. Al-Noor Ramji (DIN 00230865) as a Non-Executive Independent Director for a term of five years
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.24% · other public 4.03%

    Turnout: all 87.57% · promoters 100.00% · institutions 67.42% · other public 1.44%

  3. Re-appointment of Ms. Hanne Birgite Breinbjerg Sorensen (DIN 08035439) as a Non-Executive Independent Director for a second consecutive term of five years
    Special
    99.01% for0.99% against

    Against: promoters 0.00% · institutions 5.70% · other public 3.16%

    Turnout: all 87.57% · promoters 100.00% · institutions 67.42% · other public 1.44%

  4. Re-appointment of Mr. Keki Minoo Mistry (DIN 00008886) as a Non-Executive Independent Director for a second consecutive term of five years
    Special
    99.44% for0.56% against

    Against: promoters 0.00% · institutions 3.23% · other public 1.95%

    Turnout: all 87.57% · promoters 100.00% · institutions 67.42% · other public 1.44%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Jun 2023, 6 resolutions

Present: 5 promoters and 260 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adoptna. the Audited Standalone Financial Statements of thenCompany for the financial year ended March 31, 2023,ntogether with the Reports of the Board of Directorsnand the Auditors thereon; andnb. the Audited Consolidated Financial Statements of thenCompany for the financial year ended March 31, 2023,ntogether with the Report of the Auditors thereon.MoreLess
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.10% · other public 0.05%

    Turnout: all 91.99% · promoters 100.00% · institutions 87.77% · other public 8.94%

  2. To confirm the payment of Interim Dividends (including anspecial dividend) on Equity Shares and to declare a FinalnDividend on Equity Shares for the financial year 2022-23.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 92.28% · promoters 100.00% · institutions 89.09% · other public 8.99%

  3. To appoint a Director in place of Aarthi Subramaniann(DIN 07121802), who retires by rotation and, being eligible,noffers herself for re-appointment.
    Ordinary
    95.98% for4.02% against

    Against: promoters 0.00% · institutions 19.08% · other public 0.12%

    Turnout: all 92.28% · promoters 100.00% · institutions 89.09% · other public 8.94%

  4. Appointment of K Krithivasan as Director of the Company
    Ordinary
    99.80% for0.20% against

    Against: promoters 0.00% · institutions 0.93% · other public 0.11%

    Turnout: all 92.28% · promoters 100.00% · institutions 89.09% · other public 8.94%

  5. Appointment of K Krithivasan as Chief Executive Officernand Managing Director of the Company
    Ordinary
    99.60% for0.40% against

    Against: promoters 0.00% · institutions 1.90% · other public 0.11%

    Turnout: all 92.28% · promoters 100.00% · institutions 89.09% · other public 8.94%

  6. To approve existing as well as new material related partyntransactions withni. Tata Sons Private Limited and/or its subsidiaries,n(other than Tejas Networks Limited and/or itsnsubsidiaries)nii. Joint Ventures, Associate Companies of Tata SonsnPrivate Limited and their subsidiaries and JointnVentures & Associate Companies of subsidiaries ofnTata Sons Private Limited (excluding Tata MotorsnLimited, Jaguar Land Rover Limited and/or theirnsubsidiaries)nt iii.Tejas Networks Limited and/or its subsidiariesniv. Tata Motors Limited, Jaguar Land Rover Limitednand/or their subsidiariesnt v. Subsidiaries of the Company (other than whollynowned subsidiaries)MoreLess
    OrdinaryPromoters have an interest in it
    75.57% for24.43% against

    Against: promoters 0.00% · institutions 25.09% · other public 0.11%

    Turnout: all 19.96% · promoters 0.00% · institutions 88.99% · other public 8.93%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 12 Feb 2023, 1 resolution

The company's voting result (opens in a new tab)

  1. Appointment of Dr Pradeep Kumar Khosla (DIN 03611983) as a Director and re-appointment as an Independent Director for a second consecutive term of five years
    Special
    99.05% for0.95% against

    Against: promoters 0.00% · institutions 2.34% · other public 87.60%

    Turnout: all 92.29% · promoters 100.00% · institutions 89.48% · other public 8.17%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 9 Jun 2022, 6 resolutions

Present: 3 promoters and 316 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt: na. the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2022, together with the Reports of the Board of Directors and the Auditors thereon; and nb. the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2022, together with the Report of the Auditors thereon.MoreLess
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.10% · other public 0.05%

    Turnout: all 91.93% · promoters 100.00% · institutions 87.55% · other public 7.62%

  2. To confirm the payment of Interim Dividends on Equity Shares and to declare a Final Dividend on Equity Shares for the financial year 2021-22.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.02% · other public 0.04%

    Turnout: all 92.18% · promoters 100.00% · institutions 88.69% · other public 7.67%

  3. To appoint a Director in place of N Ganapathy Subramaniam (DIN 07006215), who retires by rotation and, being eligible, offers himself for re-appointment.
    Ordinary
    95.65% for4.35% against

    Against: promoters 0.00% · institutions 20.64% · other public 0.12%

    Turnout: all 92.18% · promoters 100.00% · institutions 88.69% · other public 7.62%

  4. Appointment of B S R & Co. LLP, Chartered Accountants (Firm Registration No. 101248W/W–100022), as Statutory Auditors of the Company.
    Ordinary
    99.09% for0.91% against

    Against: promoters 0.00% · institutions 2.25% · other public 91.70%

    Turnout: all 92.18% · promoters 100.00% · institutions 88.69% · other public 7.62%

  5. To approve existing as well as new material related party transactions with Tata Sons Private Limited and/or its subsidiaries, Tata Motors Limited, Jaguar Land Rover Limited and/or its subsidiaries and the subsidiaries of the Company (other than wholly owned subsidiaries).MoreLess
    OrdinaryPromoters have an interest in it
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.07% · other public 0.12%

    Turnout: all 19.88% · promoters 0.00% · institutions 88.69% · other public 7.62%

  6. Place of keeping and inspection of the Registers and Annual Returns of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 92.18% · promoters 100.00% · institutions 88.69% · other public 7.64%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it

Mutual fund votes, meeting of 9 Jun 2026, 40 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To receive, consider and adopt: a. the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon; and b. the Audited Consolidated Financial Statements of theCompany for the financial year ended March 31, 2026, together with the Report of the Auditors thereon.MoreLess
    37 for0 against
  • To confirm the payment of Interim Dividends (including a special dividend) on Equity Shares and to declare a Final Dividend on Equity Shares for the financial year ended March 31, 2026.
    39 for0 against
  • To appoint a Director in place of N Chandrasekaran (DIN 00121863), who retires by rotation and being eligible, offers himself for re-appointment.
    Against Franklin Templeton Mutual Fund, HSBC Mutual Fund
    • Franklin Templeton Mutual FundA vote AGAINST this resolution is warranted because Natarajan Chandrasekaran serves on a total of more than six public company boards, which could potentially compromise his ability to commit sufficient time to his role in the company.
    • HSBC Mutual FundWe have concerns that the candidate has too many commitments outside of the board in question.
    38 for2 against
4 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 3, as a fund house numbered it
    1 for0 against
  • Accept Financial Statements and Statutory Reports
    2 for0 against

Mutual fund votes, meeting of 19 Jun 2025, 38 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To receive, consider and adopt: a. the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and the Auditors thereon; and b. the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, together with the Report of the Auditors thereon.MoreLess
    37 for0 against
  • To confirm the payment of Interim Dividends (including a special dividend) on Equity Shares and to declare a Final Dividend on Equity Shares for the financial year ended March 31, 2025.
    37 for0 against
  • To appoint a Director in place of Aarthi Subramanian (DIN 07121802), who retires by rotation and being eligible, offers herself for re-appointment.
    37 for0 against
  • To appoint Aarthi Subramanian as a Whole-time Director designated as “Executive Director - President and Chief Operating Officer”
    38 for0 against
  • To appoint Secretarial Auditors of the Company
    36 for0 against
  • To approve material related party transactions with Tata Capital Limited
    37 for0 against
  • To approve material related party transactions with Tata Capital Housing Finance Limited
    38 for0 against
  • To approve material related party transactions with Tejas Networks Limited
    38 for0 against
  • To approve material related party transactions with Jaguar Land Rover Limited
    37 for0 against
  • To approve material related party transactions with Tata Consultancy Services Japan, Ltd. (a non-wholly owned subsidiary)
    37 for0 against
7 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 3, as a fund house numbered it
    1 for0 against
  • Item 6, as a fund house numbered it
    1 for0 against
  • Item 9, as a fund house numbered it
    1 for0 against
  • Item 10, as a fund house numbered it
    1 for0 against
  • Approve Parikh & Associates, Practising Company Secretaries as Auditors and Authorize Board to Fix Their Remuneration
    2 for0 against
6 earlier meetings

Mutual fund votes, meeting of 24 Apr 2025, 39 fund houses

  • Appointment of Mr. Sanjay V. Bhandarkar (DIN 01260274) as a Non-Executive Independent Director for a term of five years from March 4, 2025 to March 3, 2030
    Against 360 One Mutual Fund, Angel One Mutual Fund, Bandhan Mutual Fund, Bank of India Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, Invesco Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, NJ Mutual Fund, Sundaram Mutual Fund, Taurus Mutual Fund, Unifi Mutual Fund, Zerodha Mutual Fund
    • 360 One Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Zerodha Mutual FundAppointment compliant with law. No concern on the merits of proposed appointee. Governance concern: Proposed term will lead to prolonged association with the Group.
    • Angel One Mutual FundGovernance concern: Proposed term will lead to prolonged associations with the group which may infringe on the independence of the proposed appointees.
    • Bank of India Mutual Fund, NJ Mutual Fund, Sundaram Mutual Fund, Taurus Mutual Fund, Unifi Mutual FundSanjay Bhandarkar, 56, is the former Managing Director of Rothschild India. He joined Rothschild India in 1998 as a member of the founding team. He has over three decades of experience in corporate finance, advisory and investment banking. Although his appointment meets regulatory requirements, we note he also serves as an Independent Director on the board of TATA Power Limited – a TATA group company, since 14 October 2016. He will complete 10 years of association with the group during the proposed five year tenure from 4 March 2025. We do not support the appointment of Independent Directors if their aggregate tenure with the company or the group exceeds 10 years anytime during the proposed tenure as we believe that this is not in line with the spirit of the regulations. We do not support his appointment as Independent Director.
    • HDFC Mutual FundMr. Sanjay Bhandarkar, 56, is the former Managing Director of Rothschild India. Although his appointment meets regulatory requirements, he also serves as an Independent Director on the board of TATA Power Limited – a TATA group company, since 14 October 2016. He will complete 10 years of association with the group during the proposed five year tenure from 4 March 2025. We do not support the appointment of Independent Directors if their aggregate tenure with the company or the group exceeds 10 years anytime during the proposed tenure as we believe that this is not in line with the spirit of the regulations. We do not support his appointment as Independent Director.
    • Invesco Mutual FundSanjay Bhandarkar, 56, is the former Managing Director of Rothschild India. He joined Rothschild India in 1998 as a member of the founding team. He has over three decades of experience in corporate finance, advisory and investment banking. Although his appointment meets regulatory requirements, we note he also serves as an Independent Director on the board of TATA Power Limited – a TATA group company, since 14 October 2016. He will complete 10 years of association with the group during the proposed five year tenure from 4 March 2025. We do not support the appointment of Independent Directors if their aggregate tenure with the company or the group exceeds 10 years anytime during the proposed tenure as we believe that this is not in line with the spirit of the regulations. We do not support his appointment as Independent Director. This is in line with our ESG framework.
    • Nippon India Mutual FundGovernance Concern: Candidate Prolonged Association
    23 for16 against

Mutual fund votes, meeting of 6 Jul 2024, 1 fund house

  • To receive, consider and adopt a. the Audited Standalone & Consolidated Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Board of DirectorsMoreLess
    1 for0 against

Mutual fund votes, meeting of 31 May 2024, 38 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To receive, consider and adopt:na. the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Board of Directors and the Auditors thereon; andnb. the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2024, together with the Report of the Auditors thereon.MoreLess
    33 for0 against
  • To confirm the payment of Interim Dividends (including a special dividend) on Equity Shares and to declare a Final Dividend on Equity Shares for the financial year 2023-2024
    36 for0 against
  • To appoint a Director in place of N Chandrasekaran (DIN 00121863), who retires by rotation and being eligible, offers himself for re-appointment
    36 for0 against
  • To approve existing as well as new material related party transactions with identified subsidiaries of Promoter Company and/ or their subsidiaries
    31 for0 against
  • To approve existing as well as new material related party transactions with Tejas Networks Limited
    37 for0 against
  • To approve existing as well as new material related party transactions with Tata Motors Limited, Jaguar Land Rover Limited and/or their identified subsidiaries
    34 for0 against
  • To approve existing as well as new material related party transactions with Tata Consultancy Services Japan, Ltd., subsidiary of the Company
    36 for0 against
11 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 3, as a fund house numbered it
    1 for0 against
  • Item 4, as a fund house numbered it
    1 for0 against
  • Item 6, as a fund house numbered it
    1 for0 against
  • Item 7, as a fund house numbered it
    1 for0 against
  • 1. To receive, consider and adopt a. the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Board of Directors and the Auditors thereon; and b. the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2024, together with the Report of the Auditors thereon. 2. To confirm the payment of Interim Dividends (including a special dividend) on Equity Shares and to declare a Final Dividend on Equity Shares for the financial year 2023-24. 3. To appoint a Director in place of N Chandrasekaran (DIN 00121863), who retires by rotation and being eligible, offers himself for re-appointment. 4. To approve existing as well as new material related party transactions with identified subsidiaries of Promoter Company and/ or their subsidiaries. 5. To approve existing as well as new material related party transactions with Tejas Networks Limited 6. To approve existing as well as new material related party transactions with Tata Motors Limited, Jaguar Land Rover Limited and/or their identified subsidiaries. 7. To approve existing as well as new material related party transactions with Tata Consultancy Services Japan, Ltd., subsidiary of the Company.MoreLess
    1 for0 against
  • 4) Approve related party transactions with Tata Sons Private Ltd and/or its subsidiaries for FY25.
    1 for0 against
  • Accept Financial Statements and Statutory Reports
    2 for0 against
  • Approve related party transactions with Tata Motors Limited, Jaguar Land Rover Limited and/or its subsidiaries upto Rs. 45.0 bn for FY25
    2 for0 against
  • Approve related party transactions with Tata Sons Private Ltd and/or its subsidiaries for FY25
    4 for0 against

Mutual fund votes, meeting of 2 Dec 2023, 1 fund house

  • Appointment of Dr. Pradeep Kumar Khosla (DIN 03611983) as a Director and re-appointment as an Independent Director for a second consecutive term of five years i.e. from January 11, 2023 up to January 10, 2028, and who would not be liable to retire by rotation.MoreLess
    Against PPFAS Mutual Fund
    • PPFAS Mutual FundThe director is perfectly qualified to serve as an Independent Director & no objection against the appointment. However, the re-appointment is being done prior to seeking shareholders' approval. Therefore, we are voting against this due to the ambiguity between Company Law & SEBI LODR requirements.
    0 for1 against

Mutual fund votes, meeting of 15 Nov 2023, 31 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Buyback of equity shares
    30 for0 against
  • Appointment of Mr. Al-Noor Ramji (DIN 00230865) as a Non-Executive Independent Director for a term of five years
    30 for0 against
  • Re-appointment of Ms. Hanne Birgite Breinbjerg Sorensen (DIN 08035439) as a Non-Executive Independent Director for a second consecutive term of five years
    Against JM Financial Mutual Fund, PGIM India Mutual Fund
    • JM Financial Mutual Fund, PGIM India Mutual FundRe-appointment is Compliant with law. Governance concern: Proposed term will lead to prolonged association with the Group.
    28 for2 against
  • Re-appointment of Mr. Keki Minoo Mistry (DIN 00008886) as a Non-Executive Independent Director for a second consecutive term of five years
    30 for0 against
4 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 3, as a fund house numbered it
    1 for0 against
  • Item 4, as a fund house numbered it
    1 for0 against

Mutual fund votes, meeting of 29 Jun 2023, 29 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To receive, consider and adoptna. the Audited Standalone Financial Statements of thenCompany for the financial year ended March 31, 2023,ntogether with the Reports of the Board of Directorsnand the Auditors thereon; andnb. the Audited Consolidated Financial Statements of thenCompany for the financial year ended March 31, 2023,ntogether with the Report of the Auditors thereon.MoreLess
    26 for0 against
  • To confirm the payment of Interim Dividends (including anspecial dividend) on Equity Shares and to declare a FinalnDividend on Equity Shares for the financial year 2022-23.
    28 for0 against
  • To appoint a Director in place of Aarthi Subramaniann(DIN 07121802), who retires by rotation and, being eligible,noffers herself for re-appointment.
    Against Franklin Templeton Mutual Fund, HSBC Mutual Fund
    • Franklin Templeton Mutual FundA vote AGAINST this resolution is warranted because the board independence norms are not met and Aarthi Subramanian is a non-independent director nominee.
    • HSBC Mutual FundWe have concerns about insufficient independence on the board.
    26 for2 against
  • Appointment of K Krithivasan as Director of the Company
    26 for0 against
  • Appointment of K Krithivasan as Chief Executive Officernand Managing Director of the Company
    26 for0 against
  • To approve existing as well as new material related partyntransactions withni. Tata Sons Private Limited and/or its subsidiaries,n(other than Tejas Networks Limited and/or itsnsubsidiaries)nii. Joint Ventures, Associate Companies of Tata SonsnPrivate Limited and their subsidiaries and JointnVentures & Associate Companies of subsidiaries ofnTata Sons Private Limited (excluding Tata MotorsnLimited, Jaguar Land Rover Limited and/or theirnsubsidiaries)nt iii.Tejas Networks Limited and/or its subsidiariesniv. Tata Motors Limited, Jaguar Land Rover Limitednand/or their subsidiariesnt v. Subsidiaries of the Company (other than whollynowned subsidiaries)MoreLess
    26 for0 against
10 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 3, as a fund house numbered it
    1 for0 against
  • Item 4, as a fund house numbered it
    1 for0 against
  • Item 5, as a fund house numbered it
    1 for0 against
  • Item 6, as a fund house numbered it
    1 for0 against
  • Accept Financial Statements and Statutory Reports
    2 for0 against
  • Appoint K Krithivasan (DIN: 10106739) as Director from 1 June 2023, not liable to retire by rotation
    2 for0 against
  • Appoint K Krithivasan (DIN: 10106739) as Managing Director and CEO, for five years, from 1 June 2023, and fix his remuneration
    2 for0 against
  • Approve Material Related Party Transactions
    Against Franklin Templeton Mutual Fund, HSBC Mutual Fund
    • Franklin Templeton Mutual FundA vote AGAINST this resolution is warranted given the lack of clarity on the validity of shareholder approval of the said transactions.
    • HSBC Mutual FundThere are concerns about a transaction.
    0 for2 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Fines

Reported in the filing for the quarter to Jun 2026.

  • Fine or penaltyDistrict Officer, Government of MaharashtraSince 12 Jun 2026

    Order dated June 10, 2026, Penalty of INR 50,000 levied.

    In connection with alleged non-constitution of a dedicated committee.

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 8 complaints open, quarter to Mar 2025.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
Yes
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.