India's largest outsourcing company, Tata, reaches $100bn market cap

By BizClik Admin

Tata Consultancy Services (TCS) is the largest IT outsourcing company in India and continues to grow.

Shares in the company went up 7% on Friday as the company released its financial figures, and its market capitalisation moved up to over $99bn.

The company’s net profit for Q4 saw a rise of 4.5% year on year. TCS is now the 104th biggest company in the world by market cap.

See also:

India’s V-Mart is the world’s best performing department store chain

Xiaomi deepens commitment to India with three new manufacturing facilities

Business Chief, Asia edition – April issue available now

Following on from this success TCS announced a 1:1 bonus share for all shareholders, and paid dividends of Rs29 ($0.44) per share.

TCS calls itself a “global leader in IT services, digital, and business solutions” and has just under 395,000 employees across 46 countries.

Some key industries the company serves include banking, insurance, manufacturing, retail, healthcare and hospitality among others. Some of the technologies it leverages to provide services include AI, Big Data and IoT.



Featured Articles

Nirvik Singh, COO Grey Group on adding colour to campaigns

Nirvik Singh, Global COO and President International of Grey Group, cultivating culture and utilising AI to enhance rather than replace human creativity

How Longi became the world’s leading solar tech manufacturer

On a mission to accelerate the adoption of sustainable energy solutions, US$30 billion Chinese tech firm Longi is not just selling solar – but using it

How Samsung’s US$5billion sustainability plan is working out

Armed with an ambitious billion-dollar strategy, Samsung is on track to achieve net zero carbon emissions company-wide by 2050 – but challenges persist

UOB: making strides in sustainability across Southeast Asia


Huawei smartwatch goes for gold with Ultimate Edition


How IKEA India plans to double business, triple headcount

Corporate Finance