Talent Management is a human resource management strategy that many organizations follow in order to retain staff for a long period of time. It is defined as the process of procuring talented employees, preparing them to move to higher positions, assessing and managing their performance and preventing them to leave the organization. The main focus of the study is to analyze the relationship between talent management and the organizational performance and also to suggest the ways of retaining effective talent in the organization for long run sustainability and growth of the company. For this a well designed questionnaire is used and data is collected from both primary and secondary sources. The sample size is 120 employees from various software companies located in Bangalore city. For this study convenience sampling technique is used and data is analyzed with the help of statistical tool like multiple regression analysis are used. The findings of the study include that talent management practices have positive impact on organizational performance. In order to retain talented employees organizations need to focus on learning and development initiatives for the employees and also career enhancement opportunities should be provided that ultimately improves organizations productivity and performance.