The Full form of TCS is TATA Consultancy Services Limited. TCS is an Indian multinational IT (Information Technology) service and consulting company operates in 149 locations across 46 countries. The headquarters of TCS is in Mumbai, India and it is a subsidiary of Tata Group. TCS is the largest company in India by market capitalisation. Tata Consultancy Services is currently placed among the most valuable Information Technology services brands worldwide.
TCS was ranked 64th in the year 2015 in the Forbes World’s Most Innovative Companies ranking, making it both the top Indian company and the highest-ranked IT services company. It is the largest IT services provider company in the world. As of 2018, it is ranked 11th on the Fortune India 500 list. In April 2018, TCS became the first Indian Information Technology company to reach 100 billion$ by market capitalization. It also became the 2nd company in India ever (after Reliance Industries achieved it in 2007), after its market capitalization stood at 102.6 billion$ on the BSE (Bombay Stock Exchange).
The Parent company Tata Sons owned 20 percent of TCS in 2016-2017; and more than 70 percent of Tata Sons’ dividends were generated by TATA Consultancy Services Limited. Tata Sons decided to sell stocks of TCS in March 2018 in a bulk deal worth $1.25 billion.