TCS revenue growth from Tata Group slows in FY 20

MUMBAI: The revenue that Tata Consultancy ServicesNSE 3.53 % generated from Tata Group companies increased by only 3.5% in fiscal year 2020, compared to a double-digit rise in the previous financial year, according to the company’s annual report.

Revenue from Tata Sons as well as subsidiaries and associates grew to nearly Rs 2,656 crore compared to a more than 13% growth to Rs 2,566 crore in financial year 2019, when the software services exporter capitalised on the group’s new technology initiatives.

The pace of revenue growth has slowed even as N Chandrasekaran, the chairman of Tata Sons, has sought more collaboration between group companies since his appointment in 2017.