Tata Consultancy Services is an Indian multinational information technology services and consulting company, headquartered in Mumbai, Maharashtra, India. As of February 2021 TCS is largest company in the IT sector in the world by Market capitalisation of $169.2 billion. It is a subsidiary of the Tata Group and operates in 149 locations across 46 countries. Even though TCS has office buildings in 149 locations, the TCS employees are not allowed to enter the office premises due to COVID pandemic and are asked to Work From Home.
TCS is the second 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. 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 in market capitalisation, and second Indian company ever after its market capitalisation stood at ?6,79,332.81 crore 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.