TCS, Infosys earned less from their top clients in FY25

The trend of large accounts giving less business mirrors the scene at smaller IT companies

- Jas Bardia

Tata Consultancy Services Ltd and Infosys Ltd clocked less business from a few of their marquee clients last year as global uncertainties rose, potentially slowing growth at two of India's largest IT services companies.

TCS got less business from Citigroup Inc. and Postbank, a subsidiary of Deutsche Bank AG, last year as compared with FY24. Both Citibank and Deutsche Bank are among the 30 largest clients of the Mumbai-based IT outsourcer, according to an executive privy to the matter. India's second-largest IT services firm Infosys got less business from German automotive company, Daimler AG.

The trend of large accounts giving less business, which shows up in annual filings and analysts' findings, mirrors the scene at smaller IT firms.