Tata Consultancy Services has received an ESG rating of 73 under the Leader category from NSE Sustainability Ratings Analytics Limited for FY2024-25. The IT services major disclosed this development to stock exchanges on December 12, 2025, following clarification received from the rating agency on December 11, 2025.

ESG Rating Details

The rating assessment reflects Tata Consultancy Services' performance across key sustainability parameters for the financial year 2024-25. NSE Sustainability reaffirmed the overall Environmental, Social and Governance rating based on the company's annual disclosures.

Independent Assessment Process

The company clarified that it has not engaged NSE Sustainability for obtaining this ESG rating. The rating agency independently prepared the assessment report based on data available in the public domain. This approach aims to ensure an objective evaluation of the company's sustainability practices and disclosures.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI Listing Regulations, in compliance with the SEBI Master Circular dated November 11, 2024. The rating information has been made available on the company's official website at www.tcs.com , ensuring transparency for stakeholders.

Rating Significance

The Leader category rating of 73 indicates Tata Consultancy Services' performance in environmental sustainability, social responsibility, and governance practices. This rating may serve as an indicator of the company's management of ESG-related risks and opportunities across its business operations.

Global investment bank Citi has set a price target of ₹2,835.00 for Tata Consultancy Services , signaling the brokerage's outlook on the IT major's stock performance. The price target announcement comes as part of Citi's ongoing coverage of the Indian IT services sector.

Brokerage Recommendation Details

The following table summarizes the key details of Citi's recommendation:

Company Profile

Tata Consultancy Services is a prominent player in India's IT software sector and holds a large-cap classification in the equity markets. The company operates under the stock symbol TCS and maintains a significant market presence with substantial market capitalization.

Market Context

Price targets issued by global brokerages like Citi serve as important reference points for investors and market participants. These targets reflect the brokerage's analysis of various factors including company fundamentals, sector dynamics, and market conditions. The ₹2,835.00 price target provides investors with Citi's assessment of the stock's potential valuation.