If you had bought 1 share of TCS in its IPO, this is how much money you would have now

Tata Consultancy Services (TCS) chairman N Chandrasekaran, at the 26th Annual General Meeting (AGM), on Thursday had said that the company saw over 3,000% return on their investment since company’s listing in 2004.

Speaking at the conference, N Chandrasekaran said, “If you had invested in one TCS share at the issue price of ₹850 in the IPO in 2004, the value of that investment today in a period of 17 years would be around Ra 28,000, a return of over 3000% on your investment.”

He also said the company paid ₹33,873 crore through dividend and buyback in FY21. TCS paid ₹16,000 crore alone via a buyback.

Moreover, India’s leading IT services firm returned 95% of free cash flow to the shareholders in the last financial year.