TCS closes in on IBM as the world's most valued IT services company

Currently, IBM is about 20% bigger than TCS in terms of market capitalisation

Tata Consultancy Services (TCS) is closing in on IBM as the world's most valuable information technology (IT) services company. 

Currently, IBM is about 20 per cent bigger than TCS in terms of market capitalisation, compared to nearly twice the latter’s size a year ago. India’s top technology company is valued at $110.5 billion, against IBM’s current market capitalisation of $131.9 billion.   

Earlier this year, TCS went past Accenture to become the world's largest IT services company after IBM. TCS’ market cap is up 36 per cent in the year so far (in dollar terms) against a 6.2 per cent decline in