Mumbai, June 10 -- Tata Sons, the privately held parent company of the Tata group, will likely see its revenues shrink in 2024-25 despite receiving record dividend income from the group companies.

The reason: Last fiscal's one-off income from the sale of Tata Consultancy Services (TCS) Ltd shares.

The company's dividend income from 11 listed companies surpassed the Rs.35,000-crore mark in 2024-25, which is the highest ever, showed data compiled by Mint.

However, since Tata Sons sold TCS shares worth approximately Rs.9,000 crore in the open market in 2023-24, its income is likely to see a decline in the latest fiscal.

Dividends and share buybacks from group companies account for nearly all of Tata Sons' top line. While the conglomerate...