Tata Consulting Services (TCS), India’s largest information technology services company, on Sunday, August 25, completed 20 years since its debut on the stock exchanges. Over the past two decades, TCS has consolidated its position as a powerhouse in the global IT industry, becoming India’s second-largest company by market capitalization, behind only Reliance Industries.
Since its initial public offering (IPO) in 2004, TCS has seen remarkable growth. The company initially offered its shares in a price band of Rs 775-900 per share, and the IPO The offer was overwhelmingly in demand. Qualified institutional buyers oversubscribed the offer seven times, while non-institutional investors reserved their share 19 times and retail investors 2.91 times.
For investors, TCS has been a golden opportunity. According to analysts, an investment of Rs 10,000 in TCS actions at the time of the IPO would have grown to over Rs 4 lakh today, thanks to steady rise in share price, regular dividend payments and strategic share buybacks.
TCS It currently has a market capitalisation of Rs 16.15 lakh crore, just behind Reliance Industries, which has a market cap of Rs 20.29 lakh crore. The impressive growth has not only enriched investors but has also established TCS as a global leader in IT services.
TCS has expanded its presence worldwide and operates in 150 locations in 46 countries. The company’s workforce exceeds 600,000 employees, of which 35.5 percent are women. TCSThe ability to navigate diverse technological cycles, coupled with its focus on innovation and customer satisfaction, has transformed the global IT industry.
Reflecting on the company’s trajectory, TCS CEO and MD K Krithivasan took to LinkedIn to express his gratitude and outline the company’s vision. “Today marks 20 years since TCS went public with its IPO “From 2004 to two dynamic decades ago, we have helped our clients navigate many technology cycles, transformed the global IT industry, built long-term, rewarding careers for our colleagues and created wealth for our investors,” he said.
Krithivasan added: “While we look back with great pride on all we have achieved together, we remain equally focused on building a stronger future.”
Disclaimer:
The information contained in this post is for general information purposes only. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.
We respect the intellectual property rights of content creators. If you are the owner of any material featured on our website and have concerns about its use, please contact us. We are committed to addressing any copyright issues promptly and will remove any material within 2 days of receiving a request from the rightful owner.