Tata Trusts Rs267 crore in dividends from Tata Sons in FY22

23 Aug 2022 , 09:19 AM

Tata Trusts’ dividend income from Tata Sons will total Rs267 crore for the years 2021—2022. (FY22). The Tata family’s trusts account for about 66% of the group’s equity capital. The holding company for the Tata Group of companies, Tata Sons, has announced a dividend of Rs10,000 per share for FY22.

The dividend would cost Rs404 crore when it is authorized by the company’s shareholders on August 30. Due to its 18.5% ownership position in the business, the Mistry family will receive a dividend income of Rs75 crore. The majority of Tata Trusts’ income comes from the dividend paid by Tata Sons, which is used to fund projects related to education, the environment, health care, and skill development.

Additionally, Tata Sons pledged to spend $1 billion on the Covid problem in 2020—21. (FY21). In its annual report for the fiscal year that ended in March 2022, Tata Sons stated that as of May 24, the total expense run-up toward this was Rs755.58 crore, including an expense of Rs155.07 crore incurred in FY22.

Information on the director’s salary is also included in the annual report. Thanks to large dividend payments from its subsidiary, Tata Consultancy Services, the business reported a net profit of Rs17,171 crore on total revenue of Rs24,132 crore for FY22. Tata Teleservices had eroded Tata Sons’ cash flow in prior years, but FY22 was considerably better.