Archive · 18 Dec 2025
TCS Expands in Bhutan with New Subsidiary
Tata Consultancy Services, a big Indian company, has started a new company in Bhutan.
This new company is called Tata Consultancy Services BT Private Limited.
TCS put in 90 million Ngultrum to start this new company.
The goal is to help Bhutan with digital transformation and create jobs there.
TCS already owns 100% of this new company, so they control everything.
This is part of TCS's plan to grow in Southeast Asia.
Even though TCS is doing well in Bhutan, its share price has gone down by 21.77% this year.
However, some experts think the stock is a good buy and could go up by more than 9%.
TCS is also focusing on AI and has big plans to build a special AI data center.
TCS has incorporated a wholly-owned subsidiary in Bhutan named Tata Consultancy Services BT Private Limited.
The new subsidiary aims to expand TCS's presence in Southeast Asia and foster technological innovation.
TCS invested 90 million Ngultrum in the new subsidiary, holding 100% shareholding.
The subsidiary will support digital transformation in Bhutan and create local employment opportunities.
TCS's share price has declined by 21.77% year-to-date, but Axis Securities recommends a 'Buy' rating with a target price of Rs 3,565, indicating a potential upside of over 9%.
- Who
- Tata Consultancy Services (TCS)
- What
- Incorporated a wholly-owned subsidiary in Bhutan and outlined strategic shifts towards AI
- When
- December 16, 2025
- Where
- Bhutan
- Why
- To expand business presence in Southeast Asia, foster technological innovation, and provide high-quality IT solutions
Optimistic View
Pessimistic View
Stock Performance
Optimistic View
Axis Securities recommends a 'Buy' rating with a target price of Rs 3,565, indicating a potential upside of over 9%.
Pessimistic View
TCS share price has declined by 21.77% year-to-date.
- Company
- Tata Consultancy Services (TCS)
- Subsidiary Name
- Tata Consultancy Services BT Private Limited
- Location
- Bhutan
- Investment Amount
- 90 million Ngultrum
- Incorporation Date
- December 16, 2025
- Shareholding
- 100%
- TCS Share Price Decline
- 21.77% (Year-to-Date)
- Current Share Price
- Rs 3,260.20
- Target Price
- Rs 3,565
- Potential Upside
- Over 9%
- AI Services Revenue
- $1.5 billion
- AI Services Growth
- 16.3% QoQ
- Sovereign AI Data Centre Investment
- $6-7 billion
- EBITDA Margins
- 26-28%
- Return on Equity (RoE)
- 51.2% for FY25
- Free Cash Flow
- Consistently exceeds 100% of net profit
- Revenue Growth (FY25-27E)
- 5% CAGR
- EBIT Growth (FY25-27E)
- 9% CAGR
- P/E Multiple (FY27E)
- 23x
