Tata Consultancy Services or TCS created history becoming the first Indian company with $100 billion market capitalisation, equaling GDP of as many as 128 countries with m-cap almost one-third of India’s total Budget Expenditure for FY19.
The spike in share prices came after a 5.71 per cent growth in January-March(Q4) quarter. The crown jewel of Tata group entered the elite club of 64 companies worldwide with $100+ billion market cap. TCS is now 52% bigger than all the other IT index companies put together.
Established in 1968, Tata Consultancy Services has grown over the years to become the most powerful IT services brand. It reached the $25 billion company in 2010 and has been climbing up the ladder since then, crossing the $50 billion mark in 2013 and $75 billion mark, a year later. Operating on a global scale, with diverse talent base of over 394,998 associates representing 131 nationalities across 46 countries, the company is the largest employer of women with 35.3% women employees.
Regarded as India’s most valuable company, TCS is bigger than the total market capitalisation of all the stocks listed on Pakistan Stock Exchange