This Tata Firm Beat IT Peers In The Last Decade (It’s Not TCS)

Tata Consultancy Services has stolen the limelight by crossing $100-billion market valuation but it’s another smaller firm from the Tata Group that’s been the biggest wealth creator among Indian software services companies.

Tata Elxsi Ltd., that provides product engineering, Internet of Things and data analytics services, has returned more than 1,400 percent gains in the last decade. TCS, in fact, is the fourth on the list after Mindtree Ltd. and HCL Technologies Ltd. KPIT Technologies Ltd. completes the top five that beat NSE Nifty IT index during the period.

Infosys, the second largest information technology company in India, lagged the benchmark Nifty Information Technology Index during the period.