Technology

TCS first Indian tech firm to cross $200 billion market cap – NewsEverything Expertise

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 world companies. Reliance Industries is essentially the most precious 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 stated.

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 quicker development as prospects throughout sectors put money into know-how to rework 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 instructed ET final week that the (inventory) market validation comes as a result of 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 deadlines, the market has doubted us – whether or not we’ll adapt to completely different shifts in applied sciences. Each time that fable has been damaged, you will have seen this motion on the markets. When automation got here, there was plenty of protection that automation goes to be the dying knell of the trade. When digital got here, (commentators stated) digital goes to wipe us out. So, every time you are capable of show that, you understand we’re resilient and never simply resilient, we are able to journey the wave moderately than get disrupted,” Gopinathan stated.

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