In recent years, TCS has seen a massive rise in the market. TCS became the second Indian company to cross the $100 billion market capitalization after Reliance industries. Though, as far as IT companies are concerned, TCS is still the first Indian IT company to cross $100 billion in market capitalization. TATA sons were the founder of TCS and in 2017, they owned 72.05% of TCS shares. Recently, because of the Covid-19 pandemic, all the employees of TCS were allowed to work from home. There was a complete shutdown in the company because of the pandemic, but the work-from-home idea suited everyone well. Now, everything seems to be on track and the company is working like the early days. Must Check Google Net Worth.
TCS Net Worth
TCS is a multinational company which has a very huge market capitalisation, net worth, and total assets. It has a net worth of $170 billion which is a very massive figure and it also makes the company one of the biggest in the world. The total assets of TCS are $19 billion and the total market capitalisation is $170 billion. TCS is looking better than ever and they are producing some very outstanding works. They will keep growing more and more, as the IT sector is still growing.
Inception
Whenever we hear anything related to TATA, we already know that the matter is huge. Same in this case is well. TATA Consultancy Services (TCS) is an IT company that was founded by the division TATA sons limited way back in 1968. During those days, India was growing at a very high rate and companies like TCS and others helped the nation. TCS used to provide punched card services to its sister company TISCO (TATA steel now). The value and worth of TCS started to grow exponentially. In 1975, they delivered an electronic trading and depository system to the Swiss company named SIS. There are many other electronic systems that were developed by TCS for different Purposes. TCS was also working in partnership with a Swiss company named TKS Technosoft. Although it was later acquired by TCS. In 1993, TCS partnered with another Canadian company, Integrity Software Corp, which was also acquired by TCS. This is how TCS got its roots spread throughout the world. They made much amazing software and electronic systems which made a huge impact.
Evolution
The evolution of the company started since its inception. That’s the best part about TCS. It was introduced way back in 1968 and since its inception, the company started doing some good not only in India but all around the world. Few years after its inception, the company started working in different countries and also started making software and electronic systems. In 2004, the company finally made itself a publically listed company. The company became the first Indian IT company to enter in the bioinformatics market. TCS made history in 2011, as it overtook RIL to become India’s biggest company of any type and also achieved the highest market capitalization. In 2017, TCS China was presented with the Chinese government. TCS surpassed Accenture to be the world’s most valuable IT company, by the end of 2020. TATA Consultancy Services has more than 380,000 offices in around 46 countries. TCS also has a total of 58 subsidiary companies.
Awards & Achievements
For a company as big as TCS, awards and achievements don’t matter a lot, but as for records, TCS has a very long list of awards and accolades. It has won a total of 6 Asia Pacific Stevie Awards for its amazing performance, agility, friendly environment, and many more. It has also won The Know List award for outstanding achievement in IT sector.
Conclusion
TCS is a multinational company and there isn’t a lot which we can say about it. TCS is the biggest IT company of the world and is serving since a very long time. Since it’s inception in 1968, the company never looked back and kept doing some amazing things. They developed many outstanding electronic systems and software which helped many in their businesses and works. The company has served the entire nation and many other countries is well. Having more than 380,000 offices worldwide is a record in itself. There are many employees who serve the company and the company also gives them the respect and status which they deserve. Recommended
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