6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of May 2022

Commission File Number: 001-40841

TDCX Inc.

750D Chai Chee Road,

#06-01/06 ESR BizPark @ Chai Chee

Singapore 469004

(65) 6309-1688

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  ☒            Form 40-F  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ☐

TABLE OF CONTENTS

Exhibit 99.1	Press Release
Exhibit 99.2	First Quarter 2022 Results Presentation

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

TDCX INC.
By:	/s/ Laurent Junique
Name:	Laurent Junique
Title:	Executive Chairman and Chief Executive Officer

Date: May 25, 2022

EX-99.1

Exhibit 99.1

TDCX’s First Quarter 2022 Revenue Up 26.9% Year-on-Year

Adjusted EBITDA^1,3 rises 27.6% year-on-year to US$35.2 million

Singapore, May 25, 2022 – TDCX Inc. (NYSE: TDCX) (“TDCX” or the “Company”), an award-winning digital customer experience (CX) solutions provider for technology and blue-chip companies, today announced its unaudited financial results for the first quarter ended March 31, 2022.

First Quarter 2022 Financial Highlights

• Total revenue of US$112.6 million, representing 26.9% year-on-year growth

• Profit for the period was US$16.4 million, which included a US$5.9 million equity-settled share-based payment expense under the TDCX Performance Share Plan

• Adjusted Net Income⁴ of US$22.3 million, representing 34.9% year-on-year growth

• Adjusted EBITDA^1,3 of US$35.2 million, representing 27.6% year-on-year growth

• Q1 2022 Adjusted EBITDA margin^1,3 of 31.3%, compared with 31.1% for Q1 2021

• Q1 2022 Net Cash from Operating Activities of US$37.1 million, representing 188.1% year-on-year growth

Mr. Laurent Junique, Chief Executive Officer and Founder of TDCX, said, “Despite the volatile operating environment, we stayed focused on executing and delivering our plans to achieve a strong first quarter performance. Our performance demonstrates the grit and resilience of our people and the strong foundation that we have built for our business.

“Since our last earnings announcement, we have added new key clients, including a leading global short-form video social media platform and a leading Southeast Asia e-commerce platform. Later this month, TDCX will also be included⁵ in the MSCI Global Small Cap Index.

“Looking ahead, growing geopolitical and economic instabilities may create headwinds for our business, primarily in the short term. However, we remain optimistic about our market opportunities and long-term growth potential.”

(US$ million, except for %)2	Q1 2021			Q1 2022			% Change
Revenue		88.7			112.6			+26.9	%
Profit for the period		16.5			16.4			-0.6	%
Adjusted Net Income4		16.5			22.3			+34.9	%
Adjusted EBITDA1,3		27.6			35.2			+27.6	%
Adjusted EBITDA Margins1,3 (%)		31.1	%		31.3	%

Business Highlights

Strong Client Additions

• Added 10 new logos in Q1 2022, more than double the four logos added in Q1 2021

• New logo wins include a leading global short-form video social media platform, as well as a leading Southeast Asia e-commerce platform

• 55 clients as of March 31, 2022, a 41% increase as compared with 39 clients as of March 31, 2021

• Revenue contribution from new economy⁶ clients stood at 93% for Q1 2022

Strengthened Capabilities through Continued Geographic Expansion

• Reinforced Global English capabilities with the launch of a new campus in Hyderabad, India. The 45,000 square foot office is located at Sky View 20, within the heart of the Hyderabad Information Technology and Engineering Consultancy City. The campus complements TDCX’s wide footprint of delivery centers across Asia, parts of Europe and a Latin America site to serve domestic, regional and global markets.

Full Year 2022 Outlook

For the full year 2022, TDCX expects its financial results to be:

2022 Outlook
Revenue (in millions)2	Revised to: US$480 to US$499 or S$650 to S$675
Revenue growth (YoY) at midpoint	Revised to: 19.3%
Adjusted EBITDA margin1,3	Unchanged Approximately 30.0% to 32.0%

¹  Adjusted EBITDA or Adjusted EBITDA margins are supplemental non-IFRS financial measures and should not be considered in isolation or as a substitute for financial results reported under IFRS (see “Reconciliations of non-IFRS financial measures to the nearest comparable IFRS measures” in the Form 6-K or presentation slides for more details).

²  FX rate of US$1 = SG$1.3534 assumed in converting financials from SG dollar to US dollar.

³  Adjusted EBITDA represents profit for the period before interest expense, interest income, income tax expense, depreciation expense and equity-settled share-based payment expense incurred in connection with our Performance Share Plan. “Adjusted EBITDA margin” represents Adjusted EBITDA as a percentage of revenue.

⁴ “Adjusted Net Income” represents profit for the period before equity-settled share-based payment expense incurred in connection with our Performance Share Plan, net of any tax impact of such adjustments. “Adjusted Net Income margin” represents Adjusted Net Income as a percentage of revenue.

⁵ See news release: TDCX to be included in the MSCI Global Small Cap Index

⁶  “New economy” refers to high growth industries that are on the cutting edge of digital technology and are the driving forces of economic growth.

Webcast and Conference Call Information

The TDCX senior management will host a conference call to discuss the first quarter 2022 unaudited financial results.

A live webcast of this conference call will be available on TDCX’s website. Access information on the conference call and webcast is as follows:

Date and time:	May 25, 2022, 8:00 AM (U.S. Eastern Time)
	May 25, 2022, 8:00 PM (Singapore / Hong Kong Time)
Webcast link:	https://webinars.on24.com/q4/TDCX_Q1_2022
Dial in numbers:	USA Toll Free: +1 855 2656958         UK Toll Free +44 0 800 0156371
	Singapore: +65 3158 0246                   Hong Kong: +852 5808 0984
	International: +1 718 7058796

A replay of the conference call will be available at TDCX’s investor relations website (investors.tdcx.com). An archived webcast will be available at the same link above.

For enquiries, please contact:

Investors / Analysts: Jason Lim

+65-9799-6550

lim.jason@tdcx.com

Media: Eunice Seow

+65-8432-8388

eunice.seow@tdcx.com

About TDCX INC.

Singapore-headquartered TDCX provides transformative digital CX solutions, enabling world-leading and disruptive brands to acquire new customers, to build customer loyalty and to protect their online communities.

TDCX helps clients achieve their customer experience aspirations by harnessing technology, human intelligence and its global footprint. It serves clients in fintech, gaming, technology, home sharing and travel, digital advertising and social media, streaming and e-commerce. TDCX’s expertise and strong footprint in Asia has made it a trusted partner for clients, particularly high-growth, new economy companies, looking to tap the region’s growth potential.

TDCX’s commitment to delivering positive outcomes for our clients extends to its role as a responsible corporate citizen. Its Corporate Social Responsibility program focuses on positively transforming the lives of its people, its communities and the environment.

TDCX employs more than 14,000 employees across 26 campuses globally, specifically Singapore, Malaysia, Thailand, Philippines, Mainland China, Hong Kong, South Korea, Japan, India, Romania, Spain and Colombia. For more information, please visit www.tdcx.com.

Convenience Translation

The Company’s financial information is stated in Singapore dollars, the legal currency of Singapore. Unless otherwise noted, all translations from Singapore dollars to U.S. dollars and from U.S. dollars to Singapore dollars in this press release were made at a rate of S$1.3534 to US$1.00, the approximate rate in effect as of March 31, 2022. We make no representation that any Singapore dollar or U.S. dollar amount could have been, or could be, converted into U.S. dollars or Singapore dollar, as the case may be, at any particular rate, the rate stated herein, or at all.

Non-IFRS Financial Measure

To supplement our consolidated financial statements, which are prepared and presented in accordance with IFRS, we use the following non-IFRS financial measure to help evaluate our operating performance:

“EBITDA” represents profit for the period before interest expense, interest income, income tax expense and depreciation expense. “EBITDA margin” represents EBITDA as a percentage of revenue. “Adjusted EBITDA” represents profit for the period before interest expense, interest income, income tax expense, depreciation expense and equity-settled share-based payment expense incurred in connection with our Performance Share Plan. “Adjusted EBITDA margin” represents Adjusted EBITDA as a percentage of revenue. We believe that EBITDA, EBITDA margin, Adjusted EBITDA and Adjusted EBITDA margin helps us to identify underlying trends in our operating results, enhancing our understanding of past performance and future prospects.

“Adjusted Net Income” represents profit for the period before equity-settled share-based payment expense incurred in connection with our Performance Share Plan, net of any tax impact of such adjustments. “Adjusted Net Income margin” represents Adjusted Net Income as a percentage of revenue.

The above non-IFRS financial measures have limitations as analytical tools and should not be considered in isolation or construed as an alternative to revenue, net income, or any other measure of performance or as an indicator of our operating performance. The non-IFRS financial measures presented here may not be comparable to similarly titled measures presented by other companies because other companies may calculate similarly titled measures differently. For more information on the non-IFRS financial measures, please see the form 6-K section captioned “Non-IFRS Financial Measures” or the presentation slides.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “predicts,” “intends,” “trends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Among other things, the outlook for the full year, the business outlook and quotations from management in this announcement, as well as the Company’s strategic and operational plans, contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the performance of TDCX’s largest clients; the successful implementation of its business strategy; its ability to compete effectively; its ability to maintain its pricing, control costs or continue to grow its business; the effects of the novel coronavirus (COVID-19) on its business; the continued service of its founder and certain of its key employees and management; its ability to attract and retain enough highly trained employees; its exposure to various risks in Southeast Asia; its contractual relationship with key clients; clients and prospective clients’ spending on omnichannel CX solutions; its spending on employee salaries and benefits expenses; and its involvement in any disputes, legal, regulatory, and other proceedings arising out of its business operations. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.

UNAUDITED CONDENSED INTERIM CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

	For the three months ended March 31,
	2022						2021
	US$’000			S$’000			US$’000			S$’000
Revenue		112,622			152,423			88,719			120,072
Employee benefits expense		(76,733	)		(103,850	)		(55,234	)		(74,754	)
Depreciation expense		(7,061	)		(9,556	)		(7,344	)		(9,940	)
Rental and maintenance expense		(1,674	)		(2,266	)		(2,097	)		(2,838	)
Recruitment expense		(2,076	)		(2,809	)		(1,464	)		(1,981	)
Transport and travelling expense		(140	)		(190	)		(168	)		(228	)
Telecommunication and technology expense		(1,943	)		(2,629	)		(1,379	)		(1,867	)
Interest expense		(360	)		(487	)		(681	)		(921	)
Other operating expense		(1,885	)		(2,554	)		(2,071	)		(2,803	)
Share of profit from an associate		13			18			18			25
Interest income		197			267			62			84
Other operating income		1,176			1,592			1,276			1,727
Profit before income tax		22,136			29,959			19,637			26,576
Income tax expenses		(5,729	)		(7,754	)		(3,125	)		(4,229	)
Profit for the period		16,407			22,205			16,512			22,347
Item that may be reclassified subsequently to profit or loss:
Exchange differences on translation of foreign operations		(825	)		(1,116	)		(83	)		(112	)
Total comprehensive income for the period		15,582			21,089			16,429			22,235
Profit attributable to:
- Owners of the Group		16,407			22,205			16,512			22,347
- Non-controlling interests		—			—			—			—
		16,407			22,205			16,512			22,347
Total comprehensive income attributable to:
- Owners of the Group		15,582			21,089			16,429			22,235
- Non-controlling interests		—			—			—			—
		15,582			21,089			16,429			22,235
Basic earnings per share (in US$ or S$)(1)		0.11			0.15			0.13			0.18
Diluted earnings per share (in US$ or S$)(1)		0.11			0.15			0.13			0.18

(1) Basic and diluted earnings per share

	For the three months ended March 31,
	2022		2021
Weighted average number of ordinary shares for the purposes of basic earnings per share		145,745,209		123,500,000
Effect of vesting of employee share awards		134,474		—
Weighted average number of ordinary shares for the purposes of diluted earnings per share		145,879,683		123,500,000

The translation of Singapore Dollar amounts into United States Dollar amounts (“USD”) for the unaudited condensed interim consolidated statement of profit or loss and other comprehensive income above are included solely for the convenience of readers outside of Singapore and have been made at the rate of S$1.3534 to US$1.00, the approximate rate of exchange at March 31, 2022. Such translations should not be construed as representations that the Singapore Dollar amounts could be converted into USD at that or any other rate.

Comparison of the Three Months Ended March 31, 2022 and 2021

Revenue. Our revenues increased by 26.9% to S$152.4 million (US$112.6 million) for the three months ended March 31, 2022 from S$120.1 million for the three months ended March 31, 2021 primarily due to a 25.0% increase in revenue from providing omnichannel Customer Experience (“CX”) solutions, and a 59.9% increase in revenues from providing sales and digital marketing services.

• Our revenues from omnichannel CX service solutions increased by 25.0% to S$93.5 million (US$69.1 million) from S$74.8 million for the same period of 2021 primarily due to higher business volumes driven by the expansion of existing campaigns. In addition, business volumes of our top two travel and hospitality vertical clients benefited from the gradual recovery from the impact of the COVID-19 pandemic.

• Our revenues from sales and digital marketing services increased by 59.9% to S$35.7 million (US$26.4 million) from S$22.3 million for the same period of 2021 primarily due to the expansion of existing campaigns for our key clients in the digital advertising and media vertical.

• Our revenues from content monitoring and moderation services decreased slightly by 3.4% to S$20.9 million (US$15.5 million) from S$21.7 million for the same period of 2021 primarily due to lower revenue per agent from an existing client in our digital advertising and media vertical.

• Our revenues from our other service fees increased by 83.1% to S$2.3 million (US$1.7 million) from S$1.3 million for the same period of 2021 primarily due to higher contribution from existing and new clients.

The following table sets forth our service provided by amount for the three months ended March 31, 2022 and 2021.

	For the three months ended March 31,
	2022				2021
	US$’000		S$’000		US$’000		S$’000
Revenue by service
Omnichannel CX solutions		69,066		93,474		55,270		74,802
Sales and digital marketing		26,385		35,710		16,505		22,338
Content monitoring and moderation		15,455		20,917		16,007		21,664
Other service fees		1,716		2,322		937		1,268
Total revenue		112,622		152,423		88,719		120,072

Employee Benefits Expense. Our employee benefits expense increased by 38.9% to S$103.9 million (US$76.7 million) from S$74.8 million for the same period of 2021 due to higher staff force, share-based payment expense arising from the implementation of our performance share plan in November 2021, and employee compensation adjustment referenced to cost of living inflation and talent market conditions prevailing in the respective operations. Our average number of employees in the first three months of 2022 increased 29.6% compared to the same period of 2021 as a result of business volumes expansion of current campaigns over the course of 2021 and staffing requirements of new campaign launches in the second half of 2021.

Depreciation Expense. Our depreciation expense decreased by 3.9% to S$9.6 million (US$7.1 million) from S$9.9 million for the same period of 2021 primarily due to certain office renovation assets in Singapore, Thailand and Philippines being fully depreciated during the period. These were partially offset by depreciation on capital expenditures invested in new and expansion capacities to support the growth of our business.

Rental and Maintenance Expense. Our rental and maintenance expense decreased by 20.2% to S$2.3 million (US$1.7 million) from S$2.8 million for the same period of 2021 primarily due to the termination of certain co-working space memberships in Japan and Spain, subsequent to the relocation of our operations to leased and fitted-out office spaces.

Recruitment Expense. Our recruitment expense increased by 41.8% to S$2.8 million (US$2.1 million) from S$2.0 million for the same period of 2021 primarily due to increased expenses relating to higher referral and placement fees, and higher expenses associated with immigration, work permits and onboarding of foreign nationality employees induced by COVID-19-related procedural regulations implemented by governmental authorities of respective countries to support the expansion of offshore campaigns in our Singapore and Malaysia offices.

Transport and Travelling Expense. Our transport and travelling expense decreased by 16.7% to S$0.2 million (US$0.1 million) from S$0.2 million for the same period of 2021 primarily due to lower accommodation expenses.

Telecommunication and Technology Expense. Our telecommunication and technology expense increased by 40.8% to S$2.6 million (US$1.9 million) from S$1.9 million for the same period of 2021 primarily due to business volume expansion of our campaigns.

Interest Expense. Our interest expense decreased by 47.1% to S$0.5 million (US$0.4 million) from S$0.9 million for the same period of 2021 primarily due to reduced bank borrowings during the period.

Other Operating Expense. Our other operating expense decreased by 8.9% to S$2.6 million (US$1.9 million) from S$2.8 million for the same period of 2021 primarily due to lower foreign exchange losses incurred.

Share of Profit from an Associate. Our share of profit from an associate was insignificant for the three months ended March 31, 2022 and 2021.

Other Operating Income. Our other operating income decreased by 7.8% to S$1.6 million (US$1.2 million) from S$1.7 million for the same period of 2021 primarily due to lower government grants received by our Singapore subsidiaries in relation to the COVID-19 pandemic in 2022.

Profit Before Income Tax. As a result of the foregoing, our profit before income tax increased by 12.7% to S$30.0 million (US$22.1 million) from S$26.6 million for the same period of 2021.

Income Tax Expenses. Our income tax expenses increased by 83.4% to S$7.8 million (US$5.7 million) from S$4.2 million for the same period of 2021. The higher income tax expenses were mainly due to higher taxes from our subsidiary in Malaysia as a result of a one-off “prosperity tax” enacted by the local government for fiscal 2022 and higher taxable profits of several key subsidiaries.

Profit for the Period. As a result of the foregoing, our profit for the period decreased by 0.6% to S$22.2 million (US$16.4 million) from S$22.3 million for the same period of 2021.

Basic earnings per share. Our basic earnings per share decreased to S$0.15 (US$0.11) from S$0.18 (US$0.13) primarily due to an increase in the number of weighted average number of shares used to calculate basic earnings per share. On October 1, 2021, we completed our initial public offering (“IPO”) of 19,358,957 American Depositary Shares (“ADSs”), each representing one Class A ordinary share of TDCX, and, on October 12, 2021, the underwriters exercised their overallotment option in respect of 2,903,843 ADSs pursuant to the option granted to the underwriters to purchase additional ADSs.

Events after March 31, 2022

On April 18, 2022, 134,474 share awards of the TDCX Performance Share Plan (“PSP”) vested. Accordingly, we will issue 134,474 American Depository Shares to the participants of the TDCX PSP in due course.

NON-IFRS FINANCIAL MEASURES

EBITDA, EBITDA margin, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net Income, Adjusted Net Income margin and Adjusted EPS are non-IFRS financial measures. TDCX monitors EBITDA, EBITDA margin, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net Income, Adjusted Net Income margin and Adjusted EPS because they assist the Company in comparing its operating performance on a consistent basis by removing the impact of items not directly resulting from its core operations.

EBITDA, EBITDA margin, Adjusted EBITDA and Adjusted EBITDA margin

“EBITDA” represents profit for the period before interest expense, interest income, income tax expense, and depreciation expense. “EBITDA margin” represents EBITDA as a percentage of revenue. “Adjusted EBITDA” represents profit for the period before interest expense, interest income, income tax expense, depreciation expenses, and equity-settled share-based payment expense incurred in connection with our Performance Share Plan. “Adjusted EBITDA margin” represents Adjusted EBITDA as a percentage of revenue.

	For the three months ended March 31,
	2022									2021
	US$’000			S$’000			Margin			US$’000			S$’000			Margin
Revenue		112,622			152,423			—			88,719			120,072			—
Profit for the period and net profit margin		16,407			22,205			14.6	%		16,512			22,347			18.6	%
Adjustments for:
Depreciation expense		7,061			9,556			6.3	%		7,344			9,940			8.3	%
Income tax expenses		5,729			7,754			5.1	%		3,125			4,229			3.5	%
Interest expense		360			487			0.3	%		681			921			0.8	%
Interest income		(197	)		(267	)		(0.2	%)		(62	)		(84	)		(0.1	%)
EBITDA and EBITDA margin		29,360			39,735			26.1	%		27,600			37,353			31.1	%
Adjustment:
Equity-settled share-based payment expense		5,862			7,933			5.2	%		—			—			—
Adjusted EBITDA and Adjusted EBITDA margin		35,222			47,668			31.3	%		27,600			37,353			31.1	%

Adjusted Net Income and Adjusted Net Income margin

“Adjusted Net Income” represents profit for the period before equity-settled share-based payment expense incurred in connection with our Performance Share Plan, net of any tax impact of such adjustments. “Adjusted Net Income margin” represents Adjusted Net Income as a percentage of revenue.

	For the three months ended March 31,
	2022							2021
	US$’000		S$’000		Margin			US$’000		S$’000		Margin
Profit for the period and net profit margin		16,407		22,205		14.6	%		16,512		22,347		18.6	%
Adjustment for:
Equity-settled share-based payment expense		5,862		7,933		5.2	%		—		—		—
Adjusted Net Income and Adjusted Net Income margin		22,269		30,138		19.8	%		16,512		22,347		18.6	%

Adjusted EPS

“Adjusted EPS” represents earnings available to shareholders excluding the impact of equity-settled share-based payment expense. Adjusted EPS is calculated as Adjusted Net Income divided by our diluted weighted-average number of shares outstanding.

	For the three months ended March 31,
	2022								2021
	Amount		Per Share		Amount		Per Share		Amount		Per Share		Amount		Per Share
	US$’000		US$		S$’000		S$		US$’000		US$		S$’000		S$
Profit for the period and diluted EPS		16,407		0.11		22,205		0.15		16,512		0.13		22,347		0.18
Adjustments for:
Equity-settled share-based payment expense		5,862		0.04		7,933		0.06		—		—		—		—
Adjusted Net Income and Adjusted EPS		22,269		0.15		30,138		0.21		16,512		0.13		22,347		0.18

The Company believes that non-IFRS financial measures such as EBITDA, EBITDA margin, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net Income, Adjusted Net Income margin and Adjusted EPS help us to identify underlying trends in our operating results, enhancing our understanding of past performance and future prospects.

While the Company believes that the non-IFRS financial measures provide useful information to investors in understanding and evaluating the Company’s results of operations in the same manner as its management, the Company’s use of non-IFRS financial measures have limitations as analytical tools and you should not consider these in isolation or as a substitute for analysis of the Company’s results of operations or financial condition as reported under IFRS.

TDCX’s non-IFRS financial measures do not reflect all items of income and expense that affect the Company’s operations or not represent the residual cash flow available for discretionary expenditures. Further, these non-IFRS measures may differ from the non-IFRS information used by other companies, including peer companies, and therefore their comparability may be limited. The Company compensates for these limitations by reconciling the non-IFRS financial measures to the nearest IFRS performance measure, all of which should be considered when evaluating performance. The Company encourages you to review the company’s financial information in its entirety and not rely on any single financial measure.

The translation of Singapore Dollar amounts into United States Dollar amounts for the unaudited condensed interim consolidated statement of profit or loss and other comprehensive income above are included solely for the convenience of readers outside of Singapore and have been made at the rate of S$1.3534 to US$1.00, the approximate rate of exchange at March 31, 2022. Such translations should not be construed as representations that the Singapore Dollar amounts could be converted into USD at that or any other rate.

UNAUDITED CONDENSED INTERIM CONSOLIDATED STATEMENT OF FINANCIAL POSITION

	As of March 31, 2022				As of December 31, 2021
	US$’000		S$’000		US$’000		S$’000
ASSETS
Current assets
Cash and cash equivalents		259,819		351,639		231,378		313,147
Fixed and pledged deposits		6,518		8,821		6,546		8,860
Trade receivables		58,232		78,811		68,391		92,561
Contract assets		40,082		54,247		36,475		49,365
Other receivables		9,557		12,935		9,768		13,220
Financial asset measured at fair value through profit or loss		19,435		26,304		17,721		23,983
Income tax receivable		76		103		13		17
Total current assets		393,719		532,860		370,292		501,153
Non-current assets
Pledged deposits		333		451		337		456
Other receivables		3,176		4,298		3,525		4,771
Plant and equipment		26,716		36,157		29,340		39,709
Right-of-use assets		22,557		30,529		24,501		33,160
Deferred tax assets		1,625		2,199		1,436		1,943
Investment in an associate		248		336		235		318
Total non-current assets		54,655		73,970		59,374		80,357
Total assets		448,374		606,830		429,666		581,510
LIABILITIES AND EQUITY
Current liabilities
Other payables		27,949		37,826		28,887		39,096
Bank loans		8,645		11,700		10,231		13,847
Lease liabilities		11,359		15,373		10,751		14,550
Provision for reinstatement cost		2,760		3,736		2,707		3,663
Income tax payable		14,047		19,011		10,873		14,715
Total current liabilities		64,760		87,646		63,449		85,871
Non-current liabilities
Bank loans		1,984		2,685		2,189		2,963
Lease liabilities		13,257		17,942		15,783		21,361
Provision for reinstatement cost		3,128		4,234		3,239		4,384
Defined benefit obligation		1,411		1,909		1,269		1,718
Deferred tax liabilities		1,339		1,812		1,113		1,507
Total non-current liabilities		21,119		28,582		23,593		31,933
Capital, reserves and non-controlling interests
Share capital		14		19		14		19
Reserves		171,324		231,872		167,860		227,181
Retained earnings		191,142		258,691		174,735		236,486
Equity attributable to owners of the Group		362,480		490,582		342,609		463,686
Non-controlling interests		15		20		15		20
Total equity		362,495		490,602		342,624		463,706
Total liabilities and equity		448,374		606,830		429,666		581,510

The translation of Singapore Dollar amounts into United States Dollar amounts for the unaudited condensed interim consolidated statement of financial position above are included solely for the convenience of readers outside of Singapore and have been made at the rate of S$1.3534 to US$1.00, the approximate rate of exchange at March 31, 2022. Such translations should not be construed as representations that the Singapore Dollar amounts could be converted into USD at that or any other rate.

UNAUDITED CONDENSED INTERIM CONSOLIDATED STATEMENT OF CASH FLOWS

	For the three months ended March 31,
	2022						2021
	US$’000			S$’000			US$’000			S$’000
Operating activities
Profit before income tax		22,136			29,959			19,637			26,576
Adjustments for:
Depreciation expense		7,061			9,556			7,344			9,940
Gain on early termination of right-of-use assets		(1	)		(1	)		—			—
Equity-settled share-based payment expense		5,862			7,933			—			—
Provision for reinstatement cost		13			18			—			—
Bank loan transaction cost		10			14			23			31
Interest income		(197	)		(267	)		(62	)		(84	)
Interest expense		360			487			681			921
Retirement benefit service cost		142			192			117			158
Share of profit from an associate		(13	)		(18	)		(18	)		(25	)
Operating cash flows before movements in working capital		35,373			47,873			27,722			37,517
Trade receivables		9,730			13,168			(7,894	)		(10,684	)
Contract assets		(3,954	)		(5,352	)		(1,445	)		(1,956	)
Other receivables		(1,266	)		(1,713	)		1,154			1,562
Other payables		(384	)		(519	)		(2,621	)		(3,547	)
Cash generated from operations		39,499			53,457			16,916			22,892
Interest received		197			267			63			85
Income tax paid		(2,582	)		(3,494	)		(4,097	)		(5,545	)
Net cash from operating activities		37,114			50,230			12,882			17,432
Investing activities
Purchase of plant and equipment		(1,440	)		(1,949	)		(7,837	)		(10,607	)
Proceeds from sales of plant and equipment		1			1			2			3
Increase in pledged deposits		1			1			—			—
Net cash used in investing activities		(1,438	)		(1,947	)		(7,835	)		(10,604	)
Financing activities
Dividends paid		—			—			(34	)		(46	)
Drawdown of bank loan		—			—			186,222			252,033
Distribution to founder		—			—			(173,854	)		(235,294	)
Repayment of lease liabilities		(3,488	)		(4,721	)		(3,448	)		(4,667	)
Interest paid		(69	)		(93	)		(193	)		(261	)
Repayment of bank loan		(1,801	)		(2,437	)		(1,192	)		(1,613	)
Repurchase of American Depositary Shares		(1,334	)		(1,806	)		—			—
Net cash (used in) from financing activities		(6,692	)		(9,057	)		7,501			10,152
Net increase in cash and cash equivalents		28,984			39,226			12,548			16,980
Effect of foreign exchange rate changes on cash held in foreign currencies		(543	)		(734	)		125			172
Cash and cash equivalents at beginning of period		231,378			313,147			44,190			59,807
Cash and cash equivalents at end of period		259,819			351,639			56,863			76,959

The translation of Singapore Dollar amounts into United States Dollar amounts for the unaudited condensed interim consolidated statement of cash flows above are included solely for the convenience of readers outside of Singapore and have been made at the rate of S$1.3534 to US$1.00, the approximate rate of exchange at March 31, 2022. Such translations should not be construed as representations that the Singapore Dollar amounts could be converted into USD at that or any other rate.

EX-99.2

First Quarter 2022 Results May 2022 Exhibit 99.2

Disclaimer This presentation is provided solely by TDCX Inc. (the “Company”) acting in its own capacity and on behalf of its subsidiaries. Forward-looking statements. This presentation may contain forward-looking statements, outcomes, forecasts, estimates, projections and opinions (“forward-looking statements”). No representation or promise is made or will be made that any forward-looking statement will be achieved or will eventuate in the future. Actual events, results, returns and operations could vary materially from those reflected or contemplated in such forward-looking statements. Similarly, no representation or promise is given by the Company that the assumptions, variables and other inputs used in or underlying this presentation are reasonable, reliable or accurate. Circumstances may change and the contents of this presentation may become outdated as a result. Forward-looking statements are by their nature subject to significant uncertainties and contingencies and reliance should not be placed upon them. Past performance of the Company and any of its subsidiaries cannot be relied upon as a guide to future performance. Non-IFRS financial measures. This presentation includes certain financial measures not presented in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (“IFRS”) including EBITDA, EBITDA margin, Adjusted EBITDA and Adjusted EBITDA margin. These non-IFRS financial measures are not measures of financial performance in accordance with IFRS and may exclude items that are significant in understanding and assessing the Company’s financial results or position. Therefore, these measures should not be considered in isolation or as an alternative to gross profit, profit for the period, cash flow or other measures of profitability, liquidity or performance under IFRS. You should be aware that the Company’s presentation of these measures may not be comparable to similarly-titled measures used by other companies which may be defined and calculated differently. See the Reconciliation section in the Appendix for a reconciliation of these non-IFRS measures to the most directly comparable IFRS measure. No representation. In preparing this presentation, the Company has relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources or which has otherwise been reviewed. Any information regarding price or value in this presentation should not be interpreted as an actual or guaranteed realizable price or value. The Company does not warrant or guarantee the performance of the Company, its assets, business, any financial product or any return associated with any investment. The Company does not make any representation or warranty, express or implied, with respect to the accuracy or completeness of this presentation, or the reasonableness of any assumption contained in this presentation and is not under any obligation to provide you with access to any additional material and reserves the right to amend or replace the same at any time upon its sole discretion. The materials in this presentation is not complete, and not intended to be relied upon, or provide the sole or principal basis of any decision or other action in relation to any transaction. No advice and not an offer. Nothing in this presentation should be construed as or constitutes legal, tax, regulatory, accounting, investment or other (including financial product) advice or as a securities or other recommendation. Furthermore, this presentation is not intended, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities of TDCX Inc. and any of its subsidiaries or undertakings or any other invitation or inducement to engage in investment activities, nor shall this presentation (or any part of it) nor the fact of its distribution form the basis of, or be relied on in connection with, any contract or investment decision.

HIGHLIGHTS & OVERVIEW 01.

All amounts in USD unless stated otherwise Highlights – First Quarter 2022 Note – Financial figures are unaudited. Convenience translation - The Company’s financial information is stated in Singapore dollars, the legal currency of Singapore. Unless otherwise noted, all translations from Singapore dollars to U.S. dollars and from U.S. dollars to Singapore dollars in this presentation were made at a rate of S$1.3534 to US$1.00, being the approximate rate in effect as of March 31, 2022. We make no representation that any Singapore dollar or U.S. dollar amount could have been, or could be, converted into U.S. dollars or Singapore dollar, as the case may be, at any particular rate, the rate stated herein, or at all. 1. Adjusted EBITDA, Adjusted EBITDA margins, Adjusted Net Income, Adjusted Net Income Margins are supplemental, non IFRS financial measures and should not be considered in isolation or as a substitute for financial results reported under IFRS. For a reconciliation of this non IFRS financial measure to the most directly comparable IFRS measure, see the Appendix. Revenue Adjusted EBITDA1 Q1 2022 $113m or S$152m +26.9% Year-on-year Q1 2022 $35m or S$48m +27.6% Year-on-year Q1 2022 $22m or S$30m +34.9% Year-on-year Continued Client Growth 10 New Logos Added in 1Q 2022 Leading short-form, video-sharing social media company 55 Clients as of 31Mar22 (31Mar21: 39) Key Logo Additions Leading Southeast Asia e-commerce platform Adjusted Net Income1 Net Cash from Operating Activities $37m Strong Cashflows +188.1% Year-on-year

Spectrum of complex and specialized services Omnichannel Customer Experience Sales & Digital Marketing Content Monitoring & Moderation Drive positive CX outcomes for disruptive, new economy verticals Design and execute digital ad campaigns for small & medium businesses Manage trust & safety across social media & other digital platforms Source: Frost & Sullivan report Source: Everest report, conservative estimate not accounting for metaverse related growth Global CX Market Size US$100b by 20251 (12% CAGR from 2020 to 2025 for new economy industry) Global Digital Advertising Market Size US$725b by 20251 Global Trust and Safety Market Size US$15-20b by 20242

Provides a range of Trust & Safety work under Omnichannel CX Data Annotation Listing Verification Know-Your-Customer Data labeling in various formats to enable machine-learning Ensure authenticity and accuracy of listings for rental or sale Verification and onboarding of new accounts

Solidifying our Asian presence; Expanding our global footprint CHINA PHILIPPINES JAPAN THAILAND SPAIN COLOMBIA INDIA MALAYSIA SINGAPORE ROMANIA S. KOREA 15,000+ Employees globally as at Mar 31, 2022 1. First time revenue contribution from Colombia, Korea, India and Romania in FY2021 2021 Expansion Existing 2022 Plans INDONESIA VIETNAM

Our growth strategy Expand business and service offerings with existing clients Strengthen business development and marketing to accelerate new client growth Prudent expansion into new geographic markets Maintain operational and cost efficiencies; continuous improvement of productivity Strategic M&A to add capabilities, clients or geographies

Q1 2022 PERFORMANCE 02.

Q1 financial performance Adjusted EBITDA Margin2 (%) 31.1% 31.3% Adjusted Net Income2 (US$m1) Adjusted EBITDA2 (US$m1) Revenue (US$m1) Note – Financial figures are unaudited. 1. FX rate of US$1 = S$1.3534 assumed in converting financials from Singapore dollar to US dollar, being the approximate rate in effect as of March 31, 2022. 2. Adjusted EBITDA, Adjusted EBITDA margins, Adjusted Net Income and Adjusted Net Income Margins are supplemental, non IFRS financial measures and should not be considered in isolation or as a substitute for financial results reported under IFRS. For a reconciliation of this non IFRS financial measure to the most directly comparable IFRS measure, see the Appendix. Adjusted Net Income Margin (%) 18.6% 19.8%

Q1 revenue by service offering Revenue Change by Service (US$m1) 1. FX rate of US$1 = S$1.3534 assumed in converting financials from Singapore dollar to US dollar, being the approximate rate in effect as of March 31, 2022. 2. Other service fees include revenues classified in the Consolidated Financial Statements as other business process services and other services. +26.9% 89 113 Note – Financial figures are unaudited. Total might not add up due to rounding. -3% +60% +25% Omnichannel CX 61% Content Moderation & Monitoring 14% Sales & Digital Marketing 23% Revenue Mix by Service (US$m1) Omnichannel CX Sales & Digital Marketing Content Monitoring & Moderation Others2

Q1 revenue by geographies Revenue Change by Geography (US$m1) 1. FX rate of US$1 = S$1.3534 assumed in converting financials from Singapore dollar to US dollar, being the approximate rate in effect as of March 31, 2022. . +26.9% Note – Financial figures are unaudited. Total might not add up due to rounding. +44% +23% +7% +37% Philippines 24% Singapore 23% Malaysia 30% Thailand 14% China 2% Japan 4% Others 2% Revenue Mix by Geography (US$m1) Singapore Philippines Malaysia Thailand

Client additions in Q1 2022 Note – Financial figures are unaudited. 1. “New Economy” refers to high growth industries that are on the cutting edge of digital technology and are the driving forces of economic growth. 93% Revenue from New Economy1 clients for 1Q 2022 Logos added during the period Client count (as of 31 Mar) Focus on Supporting New Economy1 Clients More than doubled

Q1 operating expenses Operating Costs as a % of Revenue (%) Total Operating Cost (US$m) 78.6% 81.3% Note – Financial figures are unaudited. Total might not add up due to rounding. Please refer to the Appendix for details on reconciliation between IFRS and non-IFRS figures. 76.1% excluding share-based payment expense +39% -4% +8% +28% excluding share-based payment expense Employee benefits Depreciation All others

OUTLOOK 03.

Financial outlook Revenue (millions)1 Revenue growth (YoY) at midpoint Adjusted EBITDA Margin2,3 Approximately 30.0% to 32.0% FY2022 Outlook Note: Financial figures are unaudited. 1. FX rate of US$1 = S$1.3534 assumed in converting financials from Singapore dollar to US dollar. 2. “Adjusted EBITDA” represents profit for the year/period before interest expense, interest income, income tax expense, depreciation expense, and equity-settled share-based payment expense incurred in connection with our Performance Share Plan. “Adjusted EBITDA margin” represents Adjusted EBITDA as a percentage of revenue. 3. Adjusted EBITDA margin is a supplemental, non IFRS financial measure and should not be considered in isolation or as a substitute for financial results reported under IFRS. For a reconciliation of this non IFRS financial measure to the most directly comparable IFRS measure, see the Appendix. US$480 to US$499 or S$650 – S$675 Revised 19.3% Revised Unchanged

APPENDIX

Summary financials Income Statement, Unaudited S$M US$M Q1 2021 Q1 2022 Q1 2021 Q1 2022 Revenue 120.1 152.4 88.7 112.6 Employee benefits expense -74.8 -103.9 -55.2 -76.7 Depreciation expense -9.9 -9.6 -7.3 -7.1 Rental and maintenance expense -2.8 -2.3 -2.1 -1.7 Recruitment expense -2.0 -2.8 -1.5 -2.1 Transport and travelling expense -0.2 -0.2 -0.2 -0.1 Telecom and technology expense -1.9 -2.6 -1.4 -1.9 Interest expense -0.9 -0.5 -0.7 -0.4 Other operating expense -2.8 -2.6 -2.1 -1.9 Interest income 0.1 0.3 0.1 0.2 Other operating income 1.7 1.6 1.3 1.2 Profit before income tax 26.6 30.0 19.6 22.1 Income tax expenses -4.2 -7.8 -3.1 -5.7 Profit for the period 22.3 22.2 16.5 16.4 1. Share of profit from an associate and gain on disposal of a subsidiary not shown as they are not significant. 2. Totals might not add up due to rounding. Note – To the extent so indicated, financial figures are unaudited.

Reconciliation of non-IFRS financial measures to the nearest comparable IFRS measures Reconciliation of Adjusted EBITDA (US$m) Q1 20211 (Unaudited) Q1 20221 (Unaudited) Profit for the Period 16.5 16.4 Adjustments: Depreciation Expense 7.3 7.1 Income Tax Expense 3.1 5.7 Interest Expense 0.7 0.4 Interest Income -0.1 -0.2 EBITDA 27.6 29.4 Equity-settled share-based payment expense - 5.9 Adjusted EBITDA 27.6 35.2 1. FX rate of US$1 = S$1.3534 assumed in converting financials from Singapore dollar to US dollar, being the approximate rate in effect as of March 31, 2022. 2. Totals might not add up due to rounding. Note – To the extent so indicated, financial figures are unaudited. Reconciliation of Adjusted Net Income (US$m) Q1 20211 (Unaudited) Q1 20221 (Unaudited) Profit for the Period 16.5 16.4 Adjustments: Equity-settled share-based payment expense - 5.9 Adjusted Net Income 16.5 22.3

TDCX - Unique combination of competitive advantages Source: Company F-1 Public Filing. 1. “New Economy” refers to high growth industries that are on the cutting edge of digital technology and are the driving forces of economic growth. Multi-Geographical Presence; Leadership in Southeast Asia 11 Geographies Global footprint Anchored in SEA with leadership position >90% Revenue from Southeast Asia 93% FY2021 Revenue from New Economy Clients Focus on High Growth New Economy1 Clients Focus on Complex Services and New Economy clients >60% of employees are college or university graduates Focus on Complex Services Deep understanding of fast-growing verticals Domain Expertise Proprietary technologies with data analytics capabilities Technology Better employee outcomes Better Employee Through-put 1 Domain Expertise and Technology Culture Aligned with Tech Clients; Strong Focus on Talent & Innovation 2 3 4 Higher revenue and EBITDA per employee compared to CX peers High employee satisfaction scores Lower attrition compared to industry

Strong growth in total addressable market TDCX is uniquely positioned to capture the increasing demand for CX services, especially in Southeast Asia, from New Economy1 clients 13.3% 4.4% 20A-25E CAGR CAGR: 6.7% New Economy1 Traditional Economy 11.8% CAGR: 4.6% 2.2% 20A-25E CAGR SEA CX Market Size (US$b) Global CX Market Size (US$b) Source: Company F-1 Public Filing, Frost & Sullivan. Market sizing based on delivery locations which includes both onshore and offshore data. 1 “New Economy” refers to high growth industries that are on the cutting edge of digital technology and are the driving forces of economic growth. TDCX is expanding globally

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