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IT's Big Five face $500 mn labour code hit to profit
January 17, 2026
|Mint Kolkata
India's new labour codes eroded the profits of India's five largest information technology (IT) services companies in the December quarter as they recorded ₹4,645 crore ($500 million) in upfront costs as higher contributions to employees' retirement benefits.
The country's largest software services provider Tata Consultancy Services Ltd (TCS) incurred incremental costs of $238 million, while second-placed Infosys Ltd disclosed a $143 million impact, according to their quarterly earnings disclosures. HCL Technologies Ltd ($109 million), Wipro Ltd ($33.3 million), and Tech Mahindra Ltd ($30 million) followed.
هذه القصة من طبعة January 17, 2026 من Mint Kolkata.
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