TCS first Indian tech company to cross $200 billion market cap

Tata Consultancy Providers, India’s largest software program exporter crossed $200 billion in market capitalisation on Wednesday, as buyers backed know-how service suppliers who’re rising their enterprise serving to the digital transformation of worldwide companies. Reliance Industries is probably the most worthwhile Indian firm with a market cap of over $205 billion.

TCS, which completes 50 years, listed on the inventory exchanges in 2004. It took 13.5 years to get to $100 billion market cap, whereas the following $ 100 billion took 3.5 years, or a 3rd of the time, an organization govt mentioned.

TCS, which is positioning itself as an organization that gives end-to-end consulting to implementations to world purchasers and acquire extra of their pockets share, is bullish on sooner progress as prospects throughout sectors put money into know-how to remodel their enterprise.

‘s world rivals Accenture has a market cap of $216 billion and IBM at $122 billion, whereas Infosys is valued by buyers at $99 billion.



TCS CEO Rajesh Gopinathan had advised ET final week that the (inventory) market validation comes because of the resilience proven by the Tata Group firm which rode a number of know-how waves over the a long time moderately than get disrupted by them.

“At varied cut-off dates, the market has doubted us – whether or not we are going to adapt to totally different shifts in applied sciences. Each time that fable has been damaged, you may have seen this motion on the markets. When automation got here, there was a variety of protection that automation goes to be the demise knell of the trade. When digital got here, (commentators mentioned) digital goes to wipe us out. So, every time you are capable of display that, you already know we’re resilient and never simply resilient, we are able to experience the wave moderately than get disrupted,” Gopinathan mentioned.