TATA CONSULTANCY SERVICES Stock

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TAX CONSULTANCY (NSE: TCS)

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TATA Consultancy Services Limited (TCS) is the biggest Indian multinational information technology (IT) service and consulting company, and is headquartered in Mumbai, Maharashtra, India. It is a subsidiary of Tata Group and operates in 149 locations across 46 countries.

TCS is the largest Indian company by market capitalisation. Tata consultancy services is now placed among the most valuable IT services brands worldwide. In 2015, TCS was ranked 64th overall in the Forbes World’s Most Innovative Companies ranking, making it both the highest-ranked IT services company and the top Indian company. It is the world’s largest IT services provider. As of 2018, it is ranked eleventh on the Fortune India 500 list. In April 2018, TCS became the first Indian IT company to reach $100 billion market capitalisation, and second Indian company ever (after Reliance Industries achieved it in 2007) after its market capitalisation stood at ₹6,79,332.81 crore ($102.6 billion) on the Bombay Stock Exchange.

In 2016–2017, Parent company Tata Sons owned 72.05% of TCS; and more than 70% of Tata Sons’ dividends were generated by TCS. In March 2018, Tata Sons decided to sell stocks of TCS worth $1.25 billion in a bulk deal. – Wikipedia 

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