TCS beats Accenture to become world’s largest IT company

Tata Consultancy Services Ltd. is recognized as the world’s largest IT company by Market Cap on Monday. In the process, it was 11 months later that it became the most valuable company in India, surpassing Reliance Industries Limited (NSE-5.30 per cent) and Accenture.

According to the BSE, TCS, India’s largest software service provider, has a market cap of $ 169.2 billion, or Rs 12.38 lakh crore. The Accenture in NYSE has a market capitalization of $ 168.4 billion, or 12.26 lakh crore. Similarly, Reliance Industries (RIL) has a market cap of $ 168.5 billion, or Rs 12.28 lakh crore.

Image Source : Times Now

Its annual profit has grown by about 7.3 per cent per annum to Rs 8701 crore. In the October-December quarter, Tata Group’s IT belt acquired two acquisitions to increase its presence in the European market. During the epidemic year, the NSE Nifty IT Index was higher than the broad index, as information technology companies capitalized on the demand for digital services for remote work.

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