The Tata Group is one of India’s biggest and oldest companies, with over 150 years of history, with a brand value of USD 31.6 billion in 2025, making it India’s most valuable brand and the first Indian brand to surpass the USD 30 billion mark.
It has businesses across multiple verticals, but two companies come to mind when we talk about money-making: Tata Consultancy Services (TCS) and Tata Motors. TCS is known for its software and technology services, while Tata Motors is famous for making cars, trucks, and other vehicles.
Tata Group was founded in 1868 by Jamsetji Tata, a visionary who played a key role in shaping India’s modern industrial landscape. The group is now one of India’s most well-known and respected companies, known for its values like innovation, integrity, and giving back to society. Jamsetji’s work helped the group expand into various industries, including cotton, steel, hotels, education, and more.
Today, the Tata Group operates in over 100 countries across six continents, with a workforce of more than 1.15 million employees. It owns over 100 companies across different sectors. Within this vast empire, two companies are in a race to bring in the most revenue: Tata Consultancy Services (TCS), a leading IT services company, and Tata Motors, a major player in the automotive industry. The big question is: which one of these businesses brings in more revenue for the Tata Group? Let’s break it down.
The Software Giant: TCS
Tata Consultancy Services (TCS) is a global leader in digital transformation and technology services. Since it started in 1968, TCS has been known for innovation, high-quality service, and engineering excellence.
It is part of the Tata Group and aims to create long-term value for its clients, employees, investors, and communities. With over 600,000 employees in 55 countries and 202 delivery centers around the world, it is recognized as one of the top employers globally. It has built lasting partnerships with clients, helping them adapt to new technologies over time, from mainframes in the 1970s to today’s Artificial Intelligence.
Automotive Powerhouse: Tata Motors
Tata Motors is a global leader in the automotive industry, known for designing and manufacturing a wide range of vehicles, from cars and trucks to buses and military vehicles. Since its founding in 1945, Tata Motors has built a strong reputation for innovation, quality, and engineering excellence.
As part of the Tata Group, Tata Motors focuses on creating long-term value for its customers, employees, investors, and communities. With operations in over 125 countries and a workforce of more than 80,000 employees, it is recognized as one of the most prominent automotive companies globally. Tata Motors has developed strong partnerships with customers, continuously advancing its vehicles with new technologies, from traditional combustion engines to electric and autonomous vehicles.
It is committed to sustainability and innovation, with a growing focus on electric vehicles (EVs) and green technologies to reduce environmental impact. In fiscal year 2025, Tata Motors generated significant revenue, solidifying its position as a major automotive player in the global market.
Who Powers Tata’s Revenue Engine?
When it comes to revenue, let’s take a look at the main contributors to the Tata Group. Let’s start with TCS (Tata Consultancy Services Ltd), from March 2023 to March 2025, the total revenue saw an increase from Rs. 225,458 crores to Rs. 255,324 crores.
The Operating profit also improved, rising from ₹59,259 crore to ₹67,407 crore, with the operating profit margin remaining steady at 26%, indicating better operational efficiency. Furthermore, TCS’s net profit grew significantly, from ₹42,303 crore to ₹48,797 crore, during the same period.
Now comes the Tata Motors, from March 2023 to March 2025, they have experienced steady growth. Its total revenue saw an increase from ₹345,967 crore in March 2023 to ₹439,695 crore in March 2025.
The Operating profit also improved, rising from ₹31,816 crore to ₹55,216 crore, with the operating profit margin increased steadily from 9% to 13%, indicating better operational efficiency. Furthermore, Tata Motors’ net profit grew significantly, from ₹2,690 crore to ₹28,149 crore, during the same period.
Tata Steel Ltd, part of the Tata Group, is one of the largest steel manufacturing companies in the world, engaged in the production of a wide range of steel products. From March 2023 to March 2025, they have experienced steady growth. Its total revenue saw a decrease from ₹243,353 crore in March 2023 to ₹218,543 crore in March 2025. Furthermore, Tata Steel’s net profit declined significantly, from ₹8,075 crore to ₹3,174 crore, during the same period.
Tata Power, a leading power company in India, is engaged in the generation, transmission, and distribution of electricity. From March 2023 to March 2025, they have experienced steady growth. Its total revenue saw an increase from ₹55,109 crore in March 2023 to ₹65,478 crore in March 2025. Furthermore, Tata Power’s net profit grew significantly, from ₹3,810 crore to ₹4,775 crore, during the same period.
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Titan Company Ltd, a part of the Tata Group, is a leading manufacturer of watches, jewelry, and eyewear in India. From March 2023 to March 2025, they have experienced steady growth. Its total revenue saw an increase from ₹40,575 crore in March 2023 to ₹60,456 crore in March 2025. Furthermore, Titan Company’s net profit grew slightly, from ₹3,274 crore to ₹3,337 crore, during the same period.
As per the financials of Tata Group companies, Tata Motors, the automotive powerhouse, leads the pack by generating the highest revenue of ₹439,695 crore in March 2025, significantly surpassing Tata Consultancy Services (TCS), the software giant, which reported a revenue of ₹255,324 crore in the same period.
Following Tata Motors, other key players in the group include Tata Steel, with a revenue of ₹218,543 crore, and Tata Power, which earned ₹65,478 crore. Titan Company Ltd, known for its iconic watches and jewelry, reported a revenue of ₹60,456 crore in March 2025.
When it comes to profitability, Tata Consultancy Services (TCS) leads the race with the highest profit generator, reporting ₹48,797 crore in March 2025, compared to Tata Motors, which generated the highest revenue in the group, reporting a profit of ₹28,149 crore in the same period, which concludes that TCS delivered better operating results with higher profit margins.
Conclusion
Concluding, Tata Motors (the automotive powerhouse) is the biggest driver of revenue, followed by TCS (the software giant). While Tata Motors leads in overall revenue due to its large-scale vehicle sales across global markets, TCS takes the lead in profits, benefiting from its high-margin software services and steady demand for IT solutions. So, while Tata Motors brings in more money through product sales, TCS is the most profitable player in the group.
Written by Sridhar J
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