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TCS fastest growing IT brand for last 5 yrs: Brand Finance

The IT bellwether increased its brand value from $2.3 bin to $8.7 bn, while retaining the industry's highest brand strength rating of 'AA+'

BS Reporter  |  Pune 

Tata Consultancy Services, the country’s largest provider of information technology, has been recognised as the fastest-growing brand globally in this sector over five years. The study is by London-based Brand Finance, a brand valuation entity.

In 2010-2015, increased its from $2.3 billion to $8.7 billion, while retaining the highest brand strength rating of It was also recognised as one of top-four global brands in IT services for a fourth year in row.



assesses the dollar value of the reputation, image and intellectual property of Its valations are frequently peer-reviewed by top audit practices, accepted by various regulatory bodies and used by brands as a performance benchmark.

PUTTING ON WEIGHT
  • 2010-2015 emerged as the clear growth leader in the IT sector, increasing its from $2.3 bn to $8.7 bn, while retaining the highest brand strength rating of AA+
     
  • assesses the dollar value of the reputation, image and intellectual property of companies

David Haigh, the chief executive of Brand Finance, said: “New-age brands catering to the digital economy are seeing immense growth in their valuations. One example is Twitter, the fastest-growing brand in 2015 across all sectors, tripling its to $4.4 billion. Another brand we are tracking with great interest is TCS, which has had an impressive performance over five years, with growth of 271 per cent. Its focus on putting the customer first and becoming a trusted business partner over the long term have held the brand in good stead. It has also seen the largest increase in over five years — adding over $6 billion to the value of its brand.”

Over five years, has invested in several strategic initiatives to strengthen its brand. Its branding, public relations, sponsorships, employer brand and community programmes have been recognized with 50-plus awards worldwide.

The company is a major brand sponsor of marathons globally, including the New York Marathon, which it commenced its title partnership with in 2014. In Europe, the Amsterdam Marathon has won three top accolades at the Corporate Engagement Awards, including the Gold Award for best programme to raise brand awareness.

N Chandrasekaran, managing director and CEO of TCS, said: “Our brand has made tremendous headway globally...We will continue to invest towards brand leadership in every country and community we operate in.”

Rachael Stormonth, senior vice-president at industry analyst firm NelsonHall, said: “is one of the largest, fastest growing and most profitable in the IT services industry, with the #2 position in terms of market capitalisation globally. TCS’ growing brand strength reflects the extent to which there has been a rise in awareness among business leaders towards the company’s distinctive qualities. A range of marketing initiatives, such as sponsoring of major international marathons (New York, Amsterdam, Berlin, Singapore, Bangalore, Mumbai) are helping raise wider public awareness of the name. This combination of high market cap and brand strength clearly shows is delivering on shareholder value.”

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TCS fastest growing IT brand for last 5 yrs: Brand Finance

The IT bellwether increased its brand value from $2.3 bin to $8.7 bn, while retaining the industry's highest brand strength rating of 'AA+'

The IT bellwether increased its brand value from $2.3 bin to $8.7 bn, while retaining the industry's highest brand strength rating of 'AA+' Tata Consultancy Services, the country’s largest provider of information technology, has been recognised as the fastest-growing brand globally in this sector over five years. The study is by London-based Brand Finance, a brand valuation entity.

In 2010-2015, increased its from $2.3 billion to $8.7 billion, while retaining the highest brand strength rating of It was also recognised as one of top-four global brands in IT services for a fourth year in row.

assesses the dollar value of the reputation, image and intellectual property of Its valations are frequently peer-reviewed by top audit practices, accepted by various regulatory bodies and used by brands as a performance benchmark.

PUTTING ON WEIGHT
  • 2010-2015 emerged as the clear growth leader in the IT sector, increasing its from $2.3 bn to $8.7 bn, while retaining the highest brand strength rating of AA+
     
  • assesses the dollar value of the reputation, image and intellectual property of companies

David Haigh, the chief executive of Brand Finance, said: “New-age brands catering to the digital economy are seeing immense growth in their valuations. One example is Twitter, the fastest-growing brand in 2015 across all sectors, tripling its to $4.4 billion. Another brand we are tracking with great interest is TCS, which has had an impressive performance over five years, with growth of 271 per cent. Its focus on putting the customer first and becoming a trusted business partner over the long term have held the brand in good stead. It has also seen the largest increase in over five years — adding over $6 billion to the value of its brand.”

Over five years, has invested in several strategic initiatives to strengthen its brand. Its branding, public relations, sponsorships, employer brand and community programmes have been recognized with 50-plus awards worldwide.

The company is a major brand sponsor of marathons globally, including the New York Marathon, which it commenced its title partnership with in 2014. In Europe, the Amsterdam Marathon has won three top accolades at the Corporate Engagement Awards, including the Gold Award for best programme to raise brand awareness.

N Chandrasekaran, managing director and CEO of TCS, said: “Our brand has made tremendous headway globally...We will continue to invest towards brand leadership in every country and community we operate in.”

Rachael Stormonth, senior vice-president at industry analyst firm NelsonHall, said: “is one of the largest, fastest growing and most profitable in the IT services industry, with the #2 position in terms of market capitalisation globally. TCS’ growing brand strength reflects the extent to which there has been a rise in awareness among business leaders towards the company’s distinctive qualities. A range of marketing initiatives, such as sponsoring of major international marathons (New York, Amsterdam, Berlin, Singapore, Bangalore, Mumbai) are helping raise wider public awareness of the name. This combination of high market cap and brand strength clearly shows is delivering on shareholder value.”
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Business Standard
177 22

TCS fastest growing IT brand for last 5 yrs: Brand Finance

The IT bellwether increased its brand value from $2.3 bin to $8.7 bn, while retaining the industry's highest brand strength rating of 'AA+'

Tata Consultancy Services, the country’s largest provider of information technology, has been recognised as the fastest-growing brand globally in this sector over five years. The study is by London-based Brand Finance, a brand valuation entity.

In 2010-2015, increased its from $2.3 billion to $8.7 billion, while retaining the highest brand strength rating of It was also recognised as one of top-four global brands in IT services for a fourth year in row.

assesses the dollar value of the reputation, image and intellectual property of Its valations are frequently peer-reviewed by top audit practices, accepted by various regulatory bodies and used by brands as a performance benchmark.

PUTTING ON WEIGHT
  • 2010-2015 emerged as the clear growth leader in the IT sector, increasing its from $2.3 bn to $8.7 bn, while retaining the highest brand strength rating of AA+
     
  • assesses the dollar value of the reputation, image and intellectual property of companies

David Haigh, the chief executive of Brand Finance, said: “New-age brands catering to the digital economy are seeing immense growth in their valuations. One example is Twitter, the fastest-growing brand in 2015 across all sectors, tripling its to $4.4 billion. Another brand we are tracking with great interest is TCS, which has had an impressive performance over five years, with growth of 271 per cent. Its focus on putting the customer first and becoming a trusted business partner over the long term have held the brand in good stead. It has also seen the largest increase in over five years — adding over $6 billion to the value of its brand.”

Over five years, has invested in several strategic initiatives to strengthen its brand. Its branding, public relations, sponsorships, employer brand and community programmes have been recognized with 50-plus awards worldwide.

The company is a major brand sponsor of marathons globally, including the New York Marathon, which it commenced its title partnership with in 2014. In Europe, the Amsterdam Marathon has won three top accolades at the Corporate Engagement Awards, including the Gold Award for best programme to raise brand awareness.

N Chandrasekaran, managing director and CEO of TCS, said: “Our brand has made tremendous headway globally...We will continue to invest towards brand leadership in every country and community we operate in.”

Rachael Stormonth, senior vice-president at industry analyst firm NelsonHall, said: “is one of the largest, fastest growing and most profitable in the IT services industry, with the #2 position in terms of market capitalisation globally. TCS’ growing brand strength reflects the extent to which there has been a rise in awareness among business leaders towards the company’s distinctive qualities. A range of marketing initiatives, such as sponsoring of major international marathons (New York, Amsterdam, Berlin, Singapore, Bangalore, Mumbai) are helping raise wider public awareness of the name. This combination of high market cap and brand strength clearly shows is delivering on shareholder value.”

image
Business Standard
177 22