Anthropic Valuation Exceeds Combined Market Cap of TCS Infosys Wipro and HCL

Anthropic, founded in 2021, has grown to a valuation that now exceeds the combined market capitalisation of India’s four largest IT services firms. 

Valuation Milestone and Funding Round 

In February 2026 Anthropic closed a Series G round of $30 billion, lifting its post‑money valuation to $380 billion. Lead investors include GIC, Coatue Management, Amazon, Google, Microsoft and Nvidia.  

The combined market capitalisation of Tata Consultancy Services, Infosys, Wipro and HCLTech is reported at around $250 billion, placing Anthropic ahead of the quartet. 

Product Portfolio and Revenue Impact 

Anthropic’s AI agents such as Claude Code and Claude Cowork are deployed for software development, testing and cybersecurity. Claude Code is estimated to generate 4% of public GitHub commits. Annual run‑rate revenue is reported above $14 billion, driven by enterprise adoption of these tools. 

Read More: Anthropic Accuses DeepSeek and Other Chinese AI Models of Data Theft! 

Effect on Indian IT sector 

The rise of AI driven automation has altered the traditional labour arbitrage model used by Indian IT firms. Companies that previously relied on large offshore development teams are seeing a shift towards AI agents that can perform similar tasks at lower cost. In recent weeks the Indian IT index fell more than 20%, and market value erosion of $50 billion has been noted. 

Market Reaction and Investor Sentiment 

Investors are reassessing the long‑term viability of conventional software‑as‑a‑service contracts in light of AI capabilities that can manage code, data and security internally. This reassessment has contributed to the divergence in valuation trends between AI startups and established IT service providers. 

Conclusion 

Anthropic’s rapid ascent to a $380 billion valuation demonstrates the impact of AI on the technology services landscape. The company’s funding, product adoption and revenue growth have positioned it above the combined market value of India’s four leading IT firms, while the Indian IT sector experiences a notable valuation correction. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

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