Tata Consultancy Services (TCS) saw its market capitalization cross the milestone for the first time on Monday, the first Indian company to do so in at least a decade and only the second ever.
Reliance Industries, the conglomerate owned by India’s richest man Mukesh Ambani, achieved a market capitalization of $100 billion back in 2007, according to FactSet data, but has since slipped back a bit. Reliance is now worth about $89 billion.