Tata Sons pockets Rs 11K cr as TCS doles out record dividend in FY15

With Tata Consultancy Services (TCS) doling out record dividends in 2014-15 financial year, Tata Sons, the holding company of Tata Group, got a whopping Rs 11,450 crore.

Tata Sons holds a 74 per cent stake in the IT services firm led by N Chandrasekaran.

TCS emerged as the highest dividend payer in the last financial year at Rs 15,474 crore, deposing Coal India that is known to be the top payer over the years. The PSU paid Rs 13,075-crore worth dividends during 2014-15, according to a Times of India report.

The dividend paid by TCS to Tata Sons is 21 times more compared to the Rs 550 crore paid by the rest of the 24 Tata group companies in FY15.

Tata Sons holds 30-35 per cent in group companies like Tata Steel, Tata Motors, Tata Chemicals and Tata Global Beverages.

Tata Sons' last fiscal dividends are reportedly double of what it got in FY14. They are also more than pharma company Cipla's revenues and double of Dabur's revenues in FY15.