Tata Consultancy Services (TCS) on 23 July 2014 became the first Indian company to achieve a market capitalization of 5 lakh crore rupees. This feat was achieved by the company on the back of Quarter 1 results.
In terms of market capitalisation, TCS is followed by Oil and Natural Gas Corporation (ONGC) at 3.5 lakh crore rupees and Reliance Industries at 3.3 lakh crore rupees.
The market capitalization of TCS is higher than the combined market capital of next 4 biggest IT Indian companies, viz. Infosys (1.90 lakh crore rupees), Wipro ( 1.39 lakh crore rupees) and HCL Tech (1.07 lakh crore rupees) and Tech Mahindra (45000 crore rupees). The combined market value of these four biggest IT companies in India is approximately 4.88 lakh crore rupees.
TCS is the largest software services exporter of the country and is currently the most valued company in India in terms of market valuation.
If you have any Question/Point on the above information, please ask/discuss it in the Current Affairs Group
When: 23 July 2014