New Delhi: Bharti Airtel one of Indias largest telecom companies has achieved a major milestone. According to the reports Airtel has surpassed Tata Consultancy Services (TCS) the largest company of the Tata Group to claim the third position in terms of market capitalization. Airtels shares spiked by 1 percent taking its market cap to Rs 11.45 lakh crore which is over Rs 2220 crore higher than that of TCS on Monday. Which company is at number one? Reliance Industries (RIL) is still the most valuable company in terms of market capitalization. The company owns a market capitalization of Rs 19.3 lakh crore. Reliance is followed by HDFC Bank with a market cap of Rs 15.3 lakh crore. Airtel has now replaced TCS to become the third most valuable company. Airtels market capitalization has jumped by Rs 2 lakh crore this year. Here are some of the key details: Airtel has become the second-largest company in the Nifty50 after Reliance Industries. As for TCS it has been facing a decline in market value. The drop in the market is attributed to weakness in the US markets and concerns related to AI. Reliance Industries (RIL) is still the most valuable company in terms of market capitalization. Reliance is followed by HDFC Bank with a market cap of Rs 15.3 lakh crore. Earlier in 2009 Airtel had overtaken TCS but at that time TCS was not in the third position. Several brokerage firms including Jefferies have given a bullish outlook on Airtel. They have described Airtel as an attractive investment option in light of India’s growing consumption. Their estimate is that Airtel’s earnings will continue to grow further and its shares are likely to rise. It is important to note as of March 2025 Airtel had a total of 609.44 crore outstanding shares including 39.23 crore partly-paid shares. So far this year Airtels shares have seen a 20.2 percent increase while TCS shares have fallen by 22 percent.