Moneycontrol PRO
Check Credit Score
Check Credit Score
HomeNewsBusinessCompanies

TCS brand value grew nearly six-fold since 2010 to $13.5bn in 2019: Brand Finance report

TCS has been recognised as the fastest growing IT services brand of the decade, and one of the fastest growing IT services brands of 2019 by Brand Finance in its 2020 Global 500 report, TCS said in a statement on Wednesday.

January 22, 2020 / 08:40 PM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Tata Consultancy Services (TCS) has seen its brand value increase nearly six-fold since 2010 to USD 13.5 billion in 2019, the Mumbai-based company said citing a Brand Finance report.

TCS has been recognised as the fastest growing IT services brand of the decade, and one of the fastest growing IT services brands of 2019 by Brand Finance in its 2020 Global 500 report, TCS said in a statement on Wednesday.

The report, released at the World Economic Forum in Davos, highlighted a decade of significant brand growth for TCS.

The significant pace of growth makes TCS "the fastest growing brand of the decade and positioning it among the Top 3 brands in IT services globally".

Further, the year-on-year growth in brand value in 2019 makes TCS the fastest growing among the top 3 IT services brands, the statement said.

For the second year running, TCS CEO Rajesh Gopinathan has been named among the Top 100 Global CEOs worldwide, as per the Brand Guardianship Index which rates CEOs on how well they measure up as brand ambassadors, based on marketing investments, growth in stakeholder equity and business performance. Additionally, TCS' brand value is seen as the driving force behind the Tata Group's ranking among the world's Top 100 Brands, the statement said.

"Our principal goal is to be the primary growth and transformation partner for our customers. This accolade is further recognition of the strength and depth of our Business 4.0 framework, which underpins everything we are doing to transform industries and business models," TCS Chief Operating Officer N Ganapathy Subramaniam said.

David Haigh, CEO at Brand Finance, said the growth has been driven by TCS' laser-focus on fostering long-lasting partnerships with its customers, but also making enduring and meaningful investments in the communities where it operates around the world.

PTI
Tags: #TCS
first published: Jan 22, 2020 07:19 pm

Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347