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TCS has been ranked in this year’s Forbes list of World’s Most Innovative Companies. Securing the 66th rank, India’s largest IT Company appears on this list for the eighth time.

It is one among the three Indian companies that has figured in this list, topped by Tesla Motors, leading maker of fully electric vehicles.

The rankings are based on, what the US business magazine calls an innovation premium (IP), the difference between a firm’s enterprise value and a net present value of cash flows from its existing businesses. India’s largest IT Company TCS, with a market cap of $80.3 billion, appears on the list for the eighth time. TCS has taken a major step toward bolstering its digital services when last month it announced a training programme in digital technologies for a third of its workforce. In the past year TCS crossed the milestone of employing 100,000 women, so one out of three employees is now a woman.

According to Forbes only those industries are included that are known to invest in innovation.

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