India Markets closed

Podcast: TCS joins the $100-billion club

Nachiket Deuskar
1 / 1

TCS expands partnership with M&G Prudential, deal now worth over $1.2 bn

Software services major Tata Consultancy Services (TCS) today said it has expanded its agreement with M&G Prudential, which will expand the deal size to more than USD 1.2 billion.

Moneycontrol News

Tata Consultancy Services, India's most valued company, created history on Monday when its market cap surpassed the sentimental USD 100-billion mark in the first hour of trade. In doing so, TCS also beat US-listed rival Accenture's market capitalisation of USD 98 billion. The market cap of the largest company in the Tata group is now 52 percent higher than all the other IT index companies put together.

TCS became a USD 25-billion company in 2010 and hasn’t looked back since. It crossed the USD 50-billion mark in 2013 and then the USD 75-billion figure a year later.

The Bengaluru-based IT major entered the list of top 100 companies in the world by market capitalisation, according to data from Reuters.