Infosys crosses $100 billion in market capitalisation

Tata Consultancy Services and Reliance Industries successively emerged as top companies to race for the $100 billion marks, which they achieved by the year 2018, becoming India’s first.

On Tuesday, Infosys crosses a whopping $100 billion in market capitalisation and becomes the fourth Indian company to step into the $100 billion clubs.

Tata Consultancy Services and Reliance Industries successively emerged as top companies to race for the $100 billion marks, which they achieved by the year 2018, becoming India’s first. These companies crossed the scintillating $100 billion and thereby became proud members of the coveted club.

The entry of these companies made a concrete impact on the global market as only around 90 companies around the world were able to conquer this TCS score.

Infosys is an Indian multinational company that propels the art of business consulting, information technology, software engineering and outsourcing services. This massive success comes after being summoned by the Finance Ministry for contiguous glitches in the Income Tax portal with a deadline of September-15.

However, CEO Salil Parekh and COO Pravin Rao are ceaselessly working to curtail down the income tax portal glitches with an immediate effect.

The market cap ratings of Infosys witnessed significant jumps from the year 2020 to 2021. Currently, it stands at $100 Billion market capitalisation. 

Year
Market cap
Change
2021
$82.85 B
14.22%
2020
$72.53 B
67.45%
2019
$43.32 B
5.76%
2018
$40.96 B
15.3%
Source ET Now News Business Today
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