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MUMBAI: Tata Consultancy Services (TCS) became India’s first $100-billion company when it added Rs 40,000 crore to its market valuation on Friday. Its market value in Indian rupees stands at Rs 6.53 lakh crore.
TCS generated consolidated revenues of US $ 19.09 billion for year ended March 31, 2018
Here are 10 facts about India’s first $100-billion company:
1: TCS is the cash cow and most profitable company of India’s top business house – Tata Group – as it accounts for more than 80 percent of the group’s profits as of today. TCS also accounts for 62 per cent of the Tata Group’s listed stock market value.
2: TCS market cap is bigger than the GDP of 120 countries which include neighbouring Sri Lanka.
3: TCS is today the world’s 97th most valued company.
4: TCS operates in 46 countries and its employees come from 131 nationalities.
5: TCS has 230 offices around the world. It also has 147 delivery centers in 21 countries.
6: TCS has 58 subsidiaries companies in different locations around the world.
7: TCS has over 394,998 employees around the world, with more than 90 percent of its workforce in India.
8: TCS is India’s largest private employers.
9: TCS is celebrating its golden jubilee as it was set up in 1968 to help its sister concern TISCO – which was later renamed Tata Steel.
10: TCS has had only four CEOs since its inception. Its first CEO F.C. Kohli served for 27 years from 1969 to 1996. The current CEO Rajesh Gopinathan took over on February 21, 2017, before serving as its chief financial officer and vice president.