TCS Becomes India’s First $100 Billion Company
India's largest IT giant, TCS has now become the country's most valued firm in terms of market capitalization as it market cap crossed the crucial USD 100 billion mark ( approximately Rs. 6.60 lakh crore) on Monday.
The company has successfully superseeded Accenture's market cap which was at USD 98 billion. TCS's market cap now stands at the zenith and exceeds more than that of all other IT companies together.
The company had become a USD 25 billion backed firms in 2010 and has never looked back since. It successfully crossed the USD 50 billion mark in 2013, followed by the USD 75 billion mark in 2004.
The upsurge in IT major's script fortune has come just after it recorded a rise of 4.5 percent in Q4 profit.
To recap, In the firs...