ANL 28.40 Decreased By ▼ -1.60 (-5.33%)
ASC 15.14 Decreased By ▼ -0.56 (-3.57%)
ASL 23.64 Decreased By ▼ -0.56 (-2.31%)
AVN 96.00 Decreased By ▼ -2.80 (-2.83%)
BOP 9.23 Increased By ▲ 0.13 (1.43%)
BYCO 10.06 Decreased By ▼ -0.39 (-3.73%)
DGKC 132.80 Increased By ▲ 0.30 (0.23%)
EPCL 48.70 Decreased By ▼ -0.21 (-0.43%)
FCCL 24.55 Decreased By ▼ -0.50 (-2%)
FFBL 25.69 Decreased By ▼ -0.27 (-1.04%)
FFL 16.05 Decreased By ▼ -0.60 (-3.6%)
HASCOL 11.05 Decreased By ▼ -0.14 (-1.25%)
HUBC 83.95 Decreased By ▼ -1.04 (-1.22%)
HUMNL 7.24 Decreased By ▼ -0.36 (-4.74%)
JSCL 24.65 Decreased By ▼ -1.75 (-6.63%)
KAPCO 36.00 Decreased By ▼ -1.10 (-2.96%)
KEL 4.04 Decreased By ▼ -0.08 (-1.94%)
LOTCHEM 14.79 Decreased By ▼ -0.55 (-3.59%)
MLCF 46.00 Decreased By ▼ -0.73 (-1.56%)
PAEL 39.00 Decreased By ▼ -0.65 (-1.64%)
PIBTL 12.05 Decreased By ▼ -0.40 (-3.21%)
POWER 10.64 Decreased By ▼ -0.31 (-2.83%)
PPL 90.80 Decreased By ▼ -0.80 (-0.87%)
PRL 26.33 Decreased By ▼ -0.82 (-3.02%)
PTC 9.15 Increased By ▲ 0.05 (0.55%)
SILK 1.40 Decreased By ▼ -0.04 (-2.78%)
SNGP 39.09 Decreased By ▼ -0.71 (-1.78%)
TRG 139.74 Increased By ▲ 2.14 (1.56%)
UNITY 32.20 Decreased By ▼ -0.80 (-2.42%)
WTL 1.55 Decreased By ▼ -0.09 (-5.49%)
BR100 4,878 Decreased By ▼ -40.7 (-0.83%)
BR30 25,244 Decreased By ▼ -333.82 (-1.31%)
KSE100 45,398 Decreased By ▼ -330.9 (-0.72%)
KSE30 18,902 Decreased By ▼ -83.58 (-0.44%)
Technology

India's TCS becomes Most Valued IT Company in the World

  • India's Tata Consultancy Services (TCS) overtakes Accenture to become the most valued IT services company in the world today.
  • TCS's market capitalization rose to US$ 169.9 billion ahead of its rival Accenture.
25 Jan 2021
Source: Reuters
Source: Reuters

India's Tata Consultancy Services (TCS) overtakes Accenture to become the most valued IT services company in the world today.

The company also became the most valued firm in India, after overtaking Reliance Industries Ltd. (RIL) in its domestic market after 11 months.

TCS's market capitalization rose to US$ 169.9 billion ahead of its rival Accenture, as reported by ET Times.

India-based Tata Consultancy Services is a global leader in IT services, consulting and business solutions with a large network of innovation & delivery centers.

The company has been performing well with better than expected outcomes in the third quarter and witnessed a year-on-year increase of 7.3% in its web revenues, according to SmartNews Business.

It is important to note that back in 2018, IBM secured the first place in the market with 300% more revenue than TCS, followed by Accenture in the second place.

However, TCS reached the $100 billion valuation mark, overtaking Accenture’s market cap in April that year.