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

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.

 

Share

Featured Articles

Ex Infosys President Ravi Kumar is the CEO Cognizant needs

Plagued by underperformance and multiple executive exits, Cognizant has replaced its CEO – what will ex Infosys President Ravi Kumar bring to the table?

How India is bucking the global dealmaking downturn

M&A deal volume and value reach record highs in India in 2022, despite slower dealmaking globally – as scope activity and acquisitions in renewables surge

Create C-suite space for the Chief Transformation Officer

Responsible for driving growth and change, the Chief Transformation Officer is the latest addition to the C-suite as business undergoes major change

12 AI predictions for the enterprise in 2023 – Dataiku

Technology

Welcome to the new breed of private members' clubs

Leadership & Strategy

Welcome to the New Age of the CISO

Leadership & Strategy