TCS Announces Reward For Employees To Mark 10th Anniversary Of IPO (2024)

FAQs

TCS Announces Reward For Employees To Mark 10th Anniversary Of IPO? ›

Each employee will be given a reward equivalent to one week's salary for every year of service completed at TCS. For the company, the total consideration for this Special Reward to employees to mark ten years of listing on India's largest stock exchanges will be Rs 2,628 crore.

RETENTION INCENTIVE You are eligible for Retention Incentive of INR 70,000/- payable to you on an annual basis. This component is in appreciation of continuity of your service in TCSL and will be paid on completion of each year from the introduction of this incentive for a period of 3 years.

The Investment: On August 25, 2004, if you had put ₹10,000 into TCS at ₹87.5 per share, you could have acquired approximately 114 shares. Fast forward to November 22, 2023, those same shares would now be worth an astonishing ₹4.01 lakh at ₹3,500 per share.

Tata Consultancy Services (TCS) has rolled out the 'Quick Joiner Incentive Plan' under which the company offers candidates an additional Rs 40,000 for senior roles with the concern that they join within a month. Interestingly, if the employee leaves the job within six months the amount becomes recoverable.

Tata Consultancy Services has not announced any Bonus Issue since 2018.

Any employee is eligible for a retention bonus. Most often, companies only give retention bonuses to highly skilled employees that may be difficult to replace. Similarly, employees with specific company or project knowledge are more likely to receive a retention bonus.

Retention bonus rates typically range between 10% and 15% of an employee's base pay, and companies often offer them in one sum or biweekly or biannual instalments. They're powerful retention tools as long as business and employee needs align.

This DCF valuation model was created by Alpha Spread and was last updated on Apr 15, 2024. Estimated DCF Value of one TCS stock is 1 889.14 INR. Compared to the current market price of 3 983.95 INR, the stock is Overvalued by 53%.

TCS Share Price Target Predictions

TCS Share Price Target 2030: Predicted to be around ₹15,163, with a range of ₹14,496 to ₹15,831.

If you had invested Rs 1 lakh in TCS 10 years ago, your investment would be worth Rs 6.32 lakh today. This is a whopping 532% return in 10 years.

Does TCS give gifts to employees? ›

MNCs like TCS and Capgemini often provide a variety of Diwali gifts to their employees. These gifts can range from traditional items like sweets, dry fruits, and decorative diyas, to more modern options such as gift vouchers, personalized merchandise, or tech gadgets.

The company, which had announced in 2020 that only 25% of its employees would need to work from the office at any given time by 2025, has asked all of its employees to report to the office for work. “We are asking people to come all days in a week,” said Milind Lakkad CHRO of TCS.

Though the higher management of TCS gets shares in their pay package, nothing is there for a general employee to buy share in discounted price.

IPO Synopsis

Public Issue of 55452600 Equity Shares of Re. 1 each for cash at a price of Rs. 850 per Equity Share aggregating Rs.

One of India's leading IT players, Tata Consultancy Services (TCS), announced its share buyback plan. The record date for the same is fixed on November 25, 2023. This is for identifying the eligible shareholders whose shares will be bought back by the company.

A retention payment (sometimes called a “stay bonus” or “retention incentive”) is a lump sum payment outside of an employee's base pay that is offered as an incentive to convince a key employee to remain in their current position for a specific amount of time to meet critical and priority business needs.

A: Retention bonuses don't begin until the company is sold or changes hands. The period can range from 12 months to as long as 36 months after the sale closes. The payout of the bonus can occur incrementally over that time or as a lump sum at the end of the period.

Does DHCS require me, an approved employer who received funds, to payout workers in a specific way (e.g., checks, direct deposit)? (new as of 4/17/2023) DHCS does not have requirements or restrictions on how the retention payments should be distributed to employees.

Gopinath added that when employees see that they are being presented with better opportunities inside the organisation, there are more chances of them continuing to work for the company. “As long as you keep on giving that opportunity of new things to internal people, you will retain talent.