India's largest IT outsourcing company Tata Consultancy Services (TCS) on April 23, 2018 created history by becoming the first Indian company to reach the USD 100 billion Market Capitalisation (m-cap) mark.
TCS’ shares were being traded 4 percent above the previous closing mark at Rs 3545 on the Bombay Stock Exchange (BSE) at 10.30 am on April 23, hitting an all-time high. The market value of the company at that time stood at Rs 6,79,332.81 crore ( USD 102.6 billion).
Earlier on April 20, 2018 the company was on the verge of achieving this milestone as its m-cap value stood above USD 99 billion.
TCS' m-cap value matches that of other international stock-market players such as Accenture, United Technologies, GlaxoSmithKline PLC, Lockheed Martin, Nike and Volkswagen AG.
| What is Market Capitalisation? |
| Market Capitalisation is defined as the value of a company that is traded on the stock market. This value is calculated by multiplying the total number of company’s shares by the present share price. |
What led to this record-breaking m-cap of TCS?
The increase in the TCS capital came after it reported a net profit of Rs 6925 crore, a 4.5 percent increase in its net profit in the fourth quarter (January-March).
Moreover, the company announced a 1:1 bonus for its shareholders at the end of fiscal 2017-18. This was the third time that the company offered bonus shares since its listing in 2004. TCS had earlier allotted 1:1 bonus shares in 2006 and 2009.
Top 10 Companies in India as per Market Capitalisation
| Company Name | Market Capitalisation as on April 23, 2018 (crores) |
| TCS | 653,767.50 |
| Reliance | 592,427.82 |
| HDFC Bank | 502,253.77 |
| ITC | 335,801.17 |
| HUL | 314,938.94 |
| HDFC | 306,853.61 |
| Maruti Suzuki | 273,723.80 |
| Infosys | 258,458.68 |
| ONGC | 232,153.22 |
| Kotak Mahindra | 222,280.05 |
About Tata Consultancy Services
• Tata Consultancy Services is an International multinational information technology service, consulting and business solutions company.
• Headquartered in Mumbai, Maharashtra, TCS is a subsidiary of the Tata Group.
• It is one of the largest Indian companies by market capitalization.
• In 2015, it was ranked 64th overall in the Forbes World's Most Innovative Companies ranking and in December 2015, TCS was ranked 10th on the Fortune India 500 list.
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