TCS refutes UK media report on losing $1-billion M&S contract over cyberattack
Tata Consultancy Services Ltd. has denied a report published in The Telegraph UK that Marks & Spencer’s Plc has scrapped its contract with India’s largest outsourcer over a cyberattack that affected the UK-based earlier this year.
“The report published…is misleading, with factual inaccuracies including the size of contract and the continuity of of TCS’ work for M&S,” according to an exchange filing in Mumbai on Monday (27 October 2025). Moreover, M&S initiated a “request for proposal” process for its service-desk contract in January 2025, much before the cyberattack happened in April 2025.
