A hypothetical merger between India's two IT services giants would create an unparalleled technology powerhouse, fundamentally reshaping the global IT landscape. The combined entity would leverage unprecedented scale, complementary capabilities, and extensive client relationships to dominate digital transformation and AI-led services worldwide.

Financial Scale and Market Position

The merged TCS- Infosys entity would establish formidable financial metrics that position it among the world's largest technology companies. The combined market capitalisation would reach Rs. 18,02,184 crore, equivalent to approximately USD 198.24 billion.

The balance sheet strength would be equally impressive, with total assets of Rs. 3,35,599 crore supported by cash reserves of Rs. 46,285 crore. Operating cash flows would reach Rs. 84,602 crore in FY25, demonstrating the entity's capacity for self-funded growth and strategic acquisitions.

Strategic Synergies and Capabilities

The merger would unlock significant revenue synergies by combining TCS's expertise in banking, financial services, and insurance (BFSI) platforms with Infosys's strengths in AI-first digital solutions and cloud modernization. Cross-selling opportunities across Fortune 500 clients would expand wallet share substantially.

Technology Integration Benefits:

• Integration of TCS platforms (BaNCS, OmniStore, AI WisdomNext) with Infosys solutions (Topaz, Cobalt, Aster)
• Comprehensive enterprise technology stack spanning core systems, cloud, AI, and digital experience
• Enhanced capability to deliver large-scale AI and generative AI implementations
• Unified global delivery network for mega transformation contracts

Operational synergies would emerge through shared delivery centers, consolidated procurement, and integrated support functions. The combined talent pool would enable superior workforce deployment across high-growth areas including cybersecurity, digital engineering, and artificial intelligence.

Industry Impact and Competitive Dynamics

The merger would significantly alter competitive dynamics within the Indian IT services sector. Mid-sized companies like Mphasis, Coforge, and Tech Mahindra would face increased pressure in securing large transformation projects, as the merged entity would dominate big-ticket contracts.

Market Restructuring Effects:

• Increased polarization between mega-scale providers and specialized niche players
• Potential client diversification strategies to reduce dependency risks
• Acceleration of consolidation among mid-tier IT services companies
• Short-term wage inflation due to talent movement and leadership transitions

Clients concerned about over-reliance on a single provider might explore alternative sourcing strategies, potentially benefiting specialized firms or regional competitors in Eastern Europe and Southeast Asia.

Regulatory and Practical Barriers

Despite compelling financial synergies, multiple factors make such a merger virtually impossible. Regulatory approval would face substantial hurdles from the Competition Commission of India and international antitrust authorities, given the combined entity's potential market dominance across multiple IT segments.

Cultural integration presents equally formidable challenges. Both companies have developed distinct organizational cultures, compensation structures, and client engagement approaches over decades. Leadership conflicts and employee retention issues would likely emerge during any integration process.

Global Competitive Positioning

The hypothetical merged entity would surpass established global competitors in both market capitalisation and revenue generation. It would exceed Accenture's market value while generating more annual revenue than companies including Netflix, Honeywell International, and Abbott Laboratories.

This scale would enable the combined company to compete directly with the largest global technology firms, establishing India as home to one of the world's most influential IT services organizations. The entity would possess unmatched capabilities in enterprise digital transformation, positioning it to capture an outsized share of the growing AI and cloud services markets.

Infosys has initiated a comprehensive survey to collect household electricity consumption data from its employees as part of an ongoing sustainability programme that the company has been implementing for more than 15 years. The initiative aims to measure and offset the environmental impact of remote work through enhanced clean energy output, according to a report by the Economic Times.

Hybrid Work Policy and Environmental Impact

Under the company's hybrid work policy, employees primarily work remotely but are required to be physically present in the office for a minimum of 10 days each month. Chief Financial Officer Jayesh Sanghrajka communicated the initiative to employees via email, encouraging participation in the work-from-home electricity usage survey.

"With hybrid work becoming an integral part of our operations, the environmental impact of our work increasingly extends beyond our campuses and into our homes. Electricity consumed while working from home also contributes towards Infosys' greenhouse gas emission footprint," Sanghrajka explained in the communication.

Survey Objectives and Methodology

The CFO emphasized that obtaining accurate data on current work-from-home energy usage is essential to the company's ongoing sustainability efforts. The survey responses will help the company measure environmental impact more precisely and design effective sustainability initiatives.

Company's Sustainability Achievements

The Bengaluru-based company, with more than 300,000 employees, has demonstrated significant commitment to sustainability through measurable achievements. Infosys views sustainability not as a goal but as a shared responsibility across the organization.

Employee Awareness and Energy Conservation

Some employees indicated that the survey aims to raise awareness of energy conservation and efficient electricity use. The company has encouraged employees to implement energy-saving practices at home, highlighting that its buildings consume significantly less electricity than traditional structures.

Historical Context and Reporting

Infosys was among the first companies to estimate and report emissions from remote work in 2020-21. This pioneering effort involved surveying electricity use for lighting, fans, computers, air conditioning, and other work-related activities, establishing a foundation for the current comprehensive data collection initiative.