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T-Series is a big media company that promotes content from many creators and professionally advertises.
You can't compare them to an individual creator or even a single creation team that makes a single source of content (like h3h3).
pewdiepie will continue to be the #1 ranked individual creator channel and the #1 non-conglomerate channel (a channel with one creator/creator team rather then multiple creators working separately and uploading to the same channel).
What pewds has is more impressive because it can all be attributed to him while there is no individual who can really take credit for the success of T-Series since it is made up of countless separate creators.
It would be like if pewds/markiplier/idubbz and other creators formed a single channel for all their videos. sure it would have a TON of subs but it would also be hard to credit any of them individually or know how many subs each was responsible for
