'TCS among one of Top 3 global brands in IT services'

Image
Press Trust of India London
Last Updated : Feb 23 2017 | 7:08 PM IST
India's largest software services firm Tata Consultancy Services has broken into the list of Top 3 most valuable brands in the IT services industry by Brand Finance, the leading global brand valuation firm.
"Just five years ago, the TCS brand had achieved a major milestone, emerging as one of the Big 4 brands in the IT Services sector. Through sustained growth in their brand value, they have now moved up one spot and consolidated their place along with IBM and Accenture at the top of the sector's foodchain," said David Haigh, CEO of Brand Finance.
"This represents an absolutely stellar performance, adding an annual average of nearly a billion dollars in brand value across the seven year tenure of their previous CEO N Chandrasekaran," he said.
According to a release by TCS, the company was also rated as the industry's highest brand strength rating of AA+ and contributes to 69 per cent of the value of the larger Tata Brand, which remains the number 1 ranked brand originating from India.
Over the past year, TCS has also been recognised for running one of the most innovative marketing programmes in Europe and featured as a top 100 brand in the United States.
"The foremost driver of our brand has always been the strong talent we have in the company along with a culture of customer centricity, innovation and consistent business performance. We will continue to invest in strategic initiatives towards all these areas, to further strengthen our brand position," said Rajesh Gopinathan, CEO and MD of Tata Consultancy Services.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 23 2017 | 7:08 PM IST

Next Story