TCS enters $100 billion club

0
117

Tata Consultancy Services (TCS) became only the second Indian company after Reliance Industries to breach the $100 billion mark in terms of market capitalisation. Reliance Industries had crossed this mark in 2007, with its current valuation standing at $89 billion.

TCS
TCS became only the second Indian company ever to have crossed an m-cap of $100 billion.

This has also marked the entry of TCS into the top 100 companies globally (in terms of market capitalisation), as per a report by Reuters.

In terms of rupee valuation as of close of day yesterday, TCS had a m-cap of Rs.6,53,767.50 crore, Rs.61,339.68 crore more than second ranked Reliance Industries Limited. HDFC Bank with a valuation of Rs.5,01,643.92 crore occupied the third place in terms of m-cap in the Indian market.

Rank Company name M-cap (as of EOD April 23 2018) (Rs. crore)
1 TCS Limited 6,53,767.50
2 Reliance Industries Limited 5,92,427.82
3 HDFC Bank Limited 5,01,643.92
4 ITC Limited 3,35,801.17
5 Hindustan Unilever Limited 3,14,127.24
6 Housing Development Finance Corporation Limited 3,06,852.66
7 Maruti Suzuki India Limited 2,73,723.80
8 Infosys 2,58,458.68
9 ONGC Limited 2,32,153.22
10 Kotak Mahindra Bank 2,23,075.21

List of top 10 Indian companies in terms of m-cap

At its highest, TCS had an m-cap of $102.84 billion yesterday. To put this into comparison, its m-cap was greater than the GDP of Sri Lanka. The amount is also equivalent to a quarter of India’s foreign exchange reserves.

This high has also resulted in TCS coming closer to Accenture’s m-cap of $102 billion.

Apple continues to have the highest m-cap globally, followed by Alphabet, Amazon, Microsoft, and Berkshire Hathaway.

The valuation also puts TCS in the top 20 with regards to companies in the same domain. TCS also heads the list of Indian companies in the top 500 globally. In terms of growth, the company has seen a $10.9 billion increase in its revenue over a seven year period.

Read more: Tea-time: Chai point raises $20 million.

LEAVE A REPLY

Please enter your comment!
Please enter your name here