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Infosys hits $100 billion m-cap, fourth Indian firm to reach milestone

Infosys hits $100 billion m-cap, fourth Indian firm to reach milestone_50.1

The shares of Information Technology major, Infosys hit a record high during intraday trading, which helped the company cross $100 billion in market capitalisation. Infosys is the fourth Indian company to achieve this milestone. Reliance Industries (m-cap of $140 billion), Tata Consultancy Services (m-cap $115 billion) and HDFC Bank (m-cap $100.1 billion) are the other Indian firms in the club with Infosys.

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Infosys has been one of the fastest-growing companies in India, providing business consulting, information technology and outsourcing services. In the quarter ending June 2021, Infosys reported a net consolidated profit of ₹5,195 crores, showing a growth of 2.3 per cent.

Important takeaways for all competitive exams:

  • Infosys Founded: 7 July 1981.
  • Infosys CEO: Salil Parekh.
  • Infosys Headquarters: Bengaluru.

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Infosys hits $100 billion m-cap, fourth Indian firm to reach milestone_60.1

Infosys hits $100 billion m-cap, fourth Indian firm to reach milestone_70.1

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