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

Tata Consultancy Companies, India’s largest software program exporter crossed $200 billion in market capitalisation on Wednesday, as traders backed expertise service suppliers who’re rising their enterprise serving to the digital transformation of world companies. Reliance Industries is essentially the most helpful 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 subsequent $ 100 billion took 3.5 years, or a 3rd of the time, an organization government stated.

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

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

TCS CEO Rajesh Gopinathan had instructed ET final week that the (inventory) market validation comes because of the resilience proven by the Tata Group firm which rode a number of expertise waves over the many years moderately than get disrupted by them.

“At varied closing dates, the market has doubted us – whether or not we are going to adapt to completely 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 stated) digital goes to wipe us out. So, every time you are in a position to exhibit that, you realize we’re resilient and never simply resilient, we will journey the wave moderately than get disrupted,” Gopinathan stated.

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