The Tata Consultancy Services (TCS) become the second Indian company to cross $100 Billion Dollars mark on Monday after Reliance Industries Limited (RIL). The Company chief N Chandrasekaran said that the company has been “able to create value consistently by making the right investments”.
By surpassing $100 billion dollars marks TCS has also joined in the elite club of 63 companies list worldwide. The tech giant Google, Social network giant Facebook, and E-commerce giant Amazon are also in the elite list.
TCS alone is bigger than total Market Cap of all listed stocks in Pakistan
More interestingly TCS alone is bigger than the total market cap of all listed stocks in Pakistan in Financial Year 2018-19. Also, the valuation of TCS is equaled the GDP of as many as 128 countries the world over.Countries like Ecuador, Slovakia, Kenya, Luxembourg, Costa Rica, Bulgaria, Belarus and Sri Lanka have their GDP less than the $100 billion.
More Facts about TCS
TCS alone holds 62% of the total valuation of all Tata Group subsidiaries.
TCS market cap is equal to the defense budget of India and Japan Combined.
IBM remains at #1 position in IT services but the market cap of IBM is only 33% higher than TCS.
Rahul is a tech-savvy entrepreneur by heart, who is also a Software Engineer by profession. He loves to write about current trends and technology in his free time.