TCS is first Indian firm to achieve market capitalization of Rs 5 lakh crore
India’s largest software services exporter, Tata Consultancy Services (TCS) became the first Indian company to achieve a market capitalization of Rs 5 lakh crore.
In terms of market capitalization, TCS is followed by Oil and Natural Gas Corporation (ONGC) at Rs 3.5 lakh crore and Reliance Industries at Rs 3.3 lakh crore.
The market capitalization of TCS is bigger than the combined market capital of next four biggest Indian IT firms , viz. Infosys (Rs 1.90 lakh crore), Wipro ( Rs 1.39 lakh crore) and HCL Tech (Rs 1.07 lakh crore) and Tech Mahindra (Rs 45000 crore) which together make up market value approximately Rs 4.88 lakh crore.
TCS is also currently the country’s most valued company in terms of market valuation.
Categories: Business & Economy Current Affairs 2017