Jun 11, 2004

TCS - The IT behemoth's IPO

Rediff reports on the happening that all of India Inc. is talking about. The humungous Tata Consultancy Services IPO.

Tata Consultancy Services, which recorded total revenues of over Rs 7,000 crore (Rs 70 billion) in 2003-04, is the largest software company in India.

TCS, the Number One Indian software company by revenues, will also top the market cap sweepstakes in the software sector. Its market cap is expected of around Rs 40,000 crore (Rs 400 billion) to Rs 43,000 crore (Rs 430 billion) on listing.