TCS Market Cap Hits ₹15 Lakh Crore, New Deals and Partnerships Propel Growth


February 6, 2023

New Delhi, India

TCS Hits ₹15 Lakh Crore Market Cap

In a landmark achievement, Tata Consultancy Services (TCS), India’s largest IT firm, has crossed the ₹15 lakh crore mark in market capitalization. This milestone solidifies TCS’s position as one of the most valuable companies in India, second only to another Tata Group entity.

Impressive Stock Performance

TCS shares surged by 4% in today’s trading session, reaching an all-time high of ₹4,135 per share. This marks a significant milestone for the company, surpassing its previous peak of ₹4,043. Notably, this surge comes after a year-long period where the stock has shown a remarkable recovery, up nearly 40% from its low point in October.

New Deals Drive Growth

The positive momentum is further fueled byTCS‘s recent business developments. The company secured a major deal with Europ Assistance, a global assistance and travel insurance company, to revamp its IT operating model. This partnership leverages TCS’s expertise and its AI platform, ignio AIOps, to enhance resilience, scalability, and user experience for Europ Assistance.

Additionally, TCS extended its collaboration with Aviva, the UK’s leading insurance provider, to transform Aviva’s UK Life business. This expansion aims to enhance customer experience by leveraging TCS BaNCS-based platform, showcasing TCS’s commitment to global expansion and innovation.

Also Read: Jio Financial Services Denies Talks of Acquiring Paytm’s Wallet Business

Financial Performance

Despite a slight quarter-on-quarter drop in consolidated net profit to ₹11,097 crore in Q3 FY23, mainly due to a one-time charge for a legal settlement, TCS’s year-on-year performance shows a 2% improvement in net profit. This stability reflects the company’s resilience amidst challenges. TCS’s Total Contract Value (TCV) in Q3 stood at $8.1 billion, slightly below the quarterly guidance range, indicating a mixed performance in deal signings.

Tata Group’s Rising Stars

Notably, TCS’s success is mirrored by other Tata Group companies, such as Tata Motors. With its market capitalization crossing ₹3 lakh crore, Tata Motors reclaims its position as India’s most valued automotive company, marking a significant milestone for the group.


TCS‘s achievement of a ₹15 lakh crore market capitalization underscores its resilience, innovation, and strategic partnerships. With continued focus on expanding its global footprint and delivering cutting-edge solutions, TCS remains poised for sustained growth in the dynamic IT landscape.

Check Latest Q3 Earnings


CurrencyVeda provides this news article for informational purposes only. We do not offer investment advice or recommendations. Before making any investment decisions, please conduct thorough research, consult with financial experts, and carefully consider your financial situation, risk tolerance, and investment goals. Investing in the stock market carries risks, and it’s essential to make informed choices based on your individual circumstances. CurrencyVeda is not liable for any actions taken based on the information provided in this article.