TCS: The country's top IT major is slowly and gradually taking its move towards the Metaverse space. In a leading news daily report, the company's technology head Ramanujam said, "We are quite excited about it and we are making significant investments in metaverse along those lines. But the deal pipeline in terms of value will be very small." Further he adds that the value shall inch higher over the next 5 years. The share price of the scrip saw a decline after the ex-date for the buyback and last traded in price at Rs. 3510.8 per share.
Tech Mahindra: The IT services and solution provider to the telecom sector across the globe is also venturing into Metaverse. The company as per its report will be involved in the coevolution of physical and virtual world. Also, XR apps is said to be the crux for metaverse, enabled by 5G. Among the strengths of the company is its debt free stance but nonetheless the IT major has posted poor profit growth of just 2% over the past 3 years.
Accenture: The metaverse is seen to be a $8 trillion opportunity and is seeing a huge boom. So, in particular as per reports Accenture is helping the application of the landscape in banking space. Further as per the company's report Banking in the Metaverse: The next frontier it is said that banks need to understand the possibilities metaverse can offer and can transform everything from the basics to the future of business.
Zensar Technologies: The company founded in the year 1991 has been recognised as 'Major contender' in @EverestGroup's Insurance Platforms IT Services PEAK Matrix® Assessment 2022. The company also excels in the areas of digital supply chain, AI, automation, cloud infra, data management, data science etc. The company has identified Metaverse as one of its five strategic growth areas under the new CEO.
