TCS is the first Indian IT company to have a market capitalization of more than $200 billion.

In accordance with the company’s website, the market capitalization of India’s top software exporter Tata Consultancy Services surpassed $200 billion on Wednesday, the company said. A market capitalization of approximately $205 billion places Reliance Industries as the most valued Indian corporation in terms of value.

Founded in 1968, TCS went public in 2004 and is celebrating its 50th anniversary this year. It took a corporation 13.5 years to reach a market capitalization of $100 billion, but only 3.5 years to reach the next $100 billion in valuation.

Investors have played a huge part

In order to transform their businesses, customers have invested in technology, which has enhanced TCS’ growth potential. As a result, TCS is positioning itself as a company that delivers end-to-end consulting services from implementation to acquisition in order to acquire a larger share of the worldwide client base’s wallet. Investors place a $99 billion value on TCS NSE 1.77 percent’s worldwide competitors, Accenture and IBM, who have market capitalizations of $216 billion and $122 billion, respectively, whilst Infosys has a market capitalization of $216 billion.

During a recent interview with the Indian newspaper ET, TCS CEO Rajesh Gopinathan stated that the company’s (stock) market validation is due to the company’s (stock) market resilience, which has allowed it to ride various technology waves rather than being disrupted by them over the years.

“The market has consistently scolded us throughout history for failing to keep up with technological advancements. Historically, anytime this concept has been proven to be false, the markets have reacted in kind. Many people prophesied the end of manufacturing when automation became practicable for the first time, and they were not entirely incorrect. Some (commentators) predicted that digital will completely eliminate humanity. This indicates that being able to ride the wave rather than being interrupted is a solid evidence that we are strong and adaptable.” In response to the question, Gopinathan gave his thoughts on the matter.

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