Tata Consultancy Services has incorporated a new wholly-owned subsidiary in Costa Rica as part of its strategic expansion to strengthen operations serving North American clients. The IT services giant disclosed the incorporation under SEBI Listing Regulations on December 18, 2025.

Subsidiary Incorporation Details

The new entity, 3-101-951221 SOCIEDAD ANONIMA, was incorporated in Costa Rica on December 15, 2025. The subsidiary operates under a step-down structure, with TCS Iberoamerica S.A. serving as the immediate holding company, which is itself a wholly-owned subsidiary of Tata Consultancy Services.

Strategic Rationale and Business Objectives

The primary objective behind establishing the Costa Rican subsidiary is to expand Tata Consultancy Services operations in a country that serves as a strategic hub for North American clients. Costa Rica has emerged as a preferred destination for many large corporations to establish their captive centers, making it an attractive location for the company's expansion plans.

The subsidiary aims to:

• Access Costa Rica's talent pool
• Leverage the country's stable business environment for growth
• Strengthen service delivery capabilities for North American clients
• Expand presence in the Central American region

Corporate Structure and Compliance

Tata Consultancy Services received intimation from TCS Iberoamerica S.A. regarding the incorporation on December 18, 2025, at 5:44 a.m. IST. The subsidiary was established with initial capital subscription in cash, and no governmental or regulatory approvals were required for the incorporation process.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders and regulatory compliance.

Market Positioning

This incorporation aligns with Tata Consultancy Services' broader strategy of establishing a strong presence in key markets that serve as gateways to major client bases. Costa Rica's strategic location and business-friendly environment position it as an ideal base for serving the North American market, complementing the company's existing global delivery model.

Tata Consultancy Services has announced a significant expansion of its partnership with Aviva UK, marking a major milestone in the company's insurance services portfolio. The enhanced cooperation will see TCS overseeing an additional 1.1 million insurance policies for the UK-based insurance giant.

Partnership Expansion Details

The expanded partnership represents a substantial growth in TCS's insurance services capabilities. The following table highlights the key aspects of this development:

Enhanced Service Portfolio

With this expansion, TCS now manages over 6.5 million policies in total, demonstrating the company's growing influence in the insurance technology sector. The partnership extension builds upon the existing relationship between TCS and Aviva UK, showcasing the trust and confidence that the insurance provider has in TCS's service delivery capabilities.

Digital Transformation Focus

A key component of the expanded cooperation involves the implementation of digital tools aimed at improving customer experience. TCS plans to leverage its technological expertise to enhance service delivery and streamline policy management processes. The focus on digital transformation aligns with the broader industry trend toward modernizing insurance services and improving customer engagement through technology.

Strategic Significance

This partnership expansion reinforces TCS's position as a leading provider of insurance technology services. The ability to manage over 6.5 million policies demonstrates the company's operational scale and technical capabilities in handling large-scale insurance operations. The collaboration with Aviva UK, a prominent player in the UK insurance market, further strengthens TCS's presence in the European insurance services sector.