Tata Consultancy Services (TCS) has been ranked as the biggest wealth creator in the past five years.

A study by financial services company Motilal Oswal analysed wealth created by 100 companies between 2008 and 2013 in terms of their market capitalisation, after adjusting for mergers, demergers, fresh issuance of capital and buy back of shares.

Rank: 1

Wealth created: Rs 2,28,400 crore (Rs 2,284 billion)

Wealth share: 12.4%

Technology sector is poised to emerge as India’s largest wealth creator in the near future, says the Motilal Oswal study. It has swapped places with ITC, which was the topper last year (for the period 2007-12).

TCS is already India’s largest company in terms of market capitalisation.

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