ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Capital Markets

Tata Consultancy becomes first Indian tech firm to hit $100 billion market value

Investor confidence surges after upbeat earnings

MUMBAI (NewsRise) -- Tata Consultancy Services became the first Indian information technology company to vault past the $100 billion market value, as investor confidence in the country's largest software exporter surged after better-than-expected quarterly earnings.

Shares of TCS touched a record high of 3,557 rupees ($54) before paring the gains to close up 0.3% in Mumbai trading on Monday. The benchmark S&P BSE Sensex gained 0.1%. The last time an Indian company achieved this benchmark was in 2008, when billionaire Mukesh Ambani-backed flagship Reliance Industries crossed $100 billion in value. Reliance Industries is now worth $89 billion.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more