TCS slips below one-third of Tata Group m-cap as Titan, Tata Steel gain weight
TCS now accounts for just 32.5% of Tata Group's ₹24 lakh crore market cap, down from a 75% peak, with the IT major down 32% YTD. Titan contributes over 15% and Tata Steel 11%, marking a clear tilt in group valuation toward consumption-led businesses over IT services.
What happened
TCS's share of Tata Group market cap has fallen below one-third from a 75% peak, while Titan now contributes over 15% and Tata Steel 11%, reflecting a tilt
Key facts
- ₹24 lakh crore group m-cap
- TCS ₹7.7 lakh crore (32.5%)
- Titan >15%
- Tata Steel 11%
- TCS down 32% YTD
Why this matters
Group valuation gravity has shifted toward Titan and Tata Steel, raising their internal leverage for M&A capital and cross-entity strategic bets while TCS's deal-making clout quietly erodes.