HCL Tech Surpasses Wipro to Become the Third Biggest IT Company in India

 


Original Content- Business Upside India 

HCL Tech now overtakes Wipro as the third biggest IT Company in India based on revenue.

With a market worth of 2.5 lakh crore compared to Wipro’s 2.2 lakh crore, the company has significantly outperformed its rival regarding revenue, profitability, and market capitalization.

HCL Vs Wipro: A Fair Comparison

However, both firms’ equities have experienced a significant decline, with HCL Tech‘s shares falling even farther than those of Wipro despite being the third-largest IT Company in India by revenue during the past four years.

Aside from the constantly shifting market dynamics for the two major tech firms, all IT companies have seen big declines this year, particularly Wipro, which was viewed as a sector underperformer.

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