TCS gets recognition fastest-growing global IT Services

The IT company, Tata Consultancy Services has been reportedly recognized as the fastest- growing IT Services brand globally by Brand Finance. Brand Finance assesses the dollar value of the reputation, image and intellectual property of the companies. Brand Finance’s brand valuations are frequently peer-reviewed by top audit practices, accepted by various regulatory bodies and used by the leading global brands as a performance benchmark.

The annual report ranks TCS as the fastest-growing brand in the IT services sector, with the company’s overall brand value increasing by US$3.04 billion in 2013 – a growth rate of 58% year-on-year. It represents a quadrupling of its brand value, which stood at US$ 2.3 billion four years ago in 2010. TCS’ total brand value now stands at US$8.2 billion, ranking it among the industry’s top four brands for the second consecutive year.

N. Chandrasekaran, CEO & Managing Director, TCS, commented, “2013 was an excellent year for TCS, with the business continuing to grow rapidly, driven by increased global demand for digital services and our reputation for industry-leading delivery and execution. We are making increased efforts in each market we operate in, to localize our brand presence and play a stronger role in the economic, social and community fabric of the regions. It is gratifying to see that result in another year of strong performance, with TCS emerging as the fastest-growing brand in our industry worldwide.”

Brand Finance has also awarded the TCS brand a rating of AA+, the top rating in the industry.