Bad news for TCS employees as Ratan Tata’s company loses Rs 109211 crore ahead of annual salary hikes, Details Inside

The market valuation of Tata Consultancy Services (TCS) plunged Rs 1,09,211.97 crore to Rs 12,60,505.51 crore, the most among the top-10 firms.

Written by: Abhijeet Sen Edited by: Abhijeet Sen

Updated: March 4, 2025, 11:57 AM IST

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https://www.india.com/business/bad-news-for-tcs-employees-as-ratan-noel-tatas-company-loses-rs-109211-crore-market-cap-ahead-of-annual-salary-hikes-7650203/ Copy

Late Ratan Tata- File image- TCS

Tata Consultancy Services news: In a major setback for Ratan Tata and Noel Tata’s Tata Consultancy Services (TCS), its market valuation plunged Rs 1,09,211.97 crore to Rs 12,60,505.51 crore this week in just 4 days. For those unversed, Tata Consultancy Services (TCS) was recently in news due to possible increment announcement for its employees. Here are all the details regarding the recent update on reduction in market cap of TCS.

Market valuation of Tata Consultancy Services

As mentioned earlier, the market valuation of Tata Consultancy Services (TCS) plunged Rs 1,09,211.97 crore to Rs 12,60,505.51 crore, the most among the top-10 firms. With the sharp decline in its market valuation TCS slipped to the third rank in the top-10 most valued firms chart from the previous second place. Also, HDFC Bank overtook TCS to become the second most valuable firm.

Salary hikes at TCS

For those unversed, Tata Consultancy Services (TCS) is one of India’s largest IT services firm. Under the leadership of Noel Tata, TCS is set to announce annual salary hikes for its employees for the financial year 2025-26. However, according to a report by the Economic Times, the salary hikes for the year 2025-26 are expected to be below average and can range from 4 to 8 percent on average.

Mcap of eight of top-10 most valued firms erodes

The valuation of Infosys tanked Rs 52,697.93 crore to Rs 7,01,002.22 crore. Bharti Airtel’s market valuation eroded by Rs 39,230.1 crore to Rs 8,94,993.67 crore and that of Reliance Industries dropped Rs 38,025.97 crore to Rs 16,23,343.45 crore.

State Bank of India’s valuation diminished by Rs 29,718.99 crore to Rs 6,14,236.97 crore. The market capitalisation (mcap) of ICICI Bank slumped Rs 20,775.78 crore to Rs 8,49,803.90 crore. Hindustan Unilever’s mcap declined by Rs 11,700.97 crore to Rs 5,14,983.41 crore. The valuation of ITC dipped Rs 7,882.86 crore to Rs 4,93,867.57 crore.

Reliance Industries remained the most valued firm followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, Bajaj Finance, Hindustan Unilever and ITC, the PTI report said.

(With inputs from agencies)