SME Times is powered by   
Search News
Just in:   • S.Korea ready for vaccine roll out as shipment begins for doses  • ISSDA concerns on revocation of duties on stainless steel imports  • Robust global cues, healthy FII inflows push equities higher  • Economy on cusp of a turnaround in fortunes: Shaktikanta  • Stricter norms for social media, OTT 
Last updated: 26 Jan, 2021  

tcs.kolkata.THMB.jpg TCS' brand value up by $1.4bn, highest in IT services in 2020

   Top Stories
» Economy on cusp of a turnaround in fortunes: Shaktikanta
» Stricter norms for social media, OTT
» 'Consumption, investment demand recovers'
» India's fiscal position to remain weak: Moody's
» 'Monetise & modernise' is our motto: PM on disinvestment
SME Times News Bureau | 26 Jan, 2021
The brand value of Tata Consultancy Services (TCS) grew by $1.4 billion in 2020 over the prior year which is the highest absolute growth among the 25 companies assessed in a pandemic-hit year, a new report said on Tuesday.

TCS has further consolidated its position among the top 3 most valuable brands in the IT services sector, according to Brand Finance, the world's leading brand valuation firm.

According to the Brand Finance ‘IT Services 25 2021' report, TCS grew in a challenging year when the brand value of IT services companies collectively dropped by 3 per cent.

At 10 per cent growth over the prior year, TCS has outperformed its peers in the top 3 category.

"With what was a very tough 2020, led so ably by its CEO Rajesh Gopinathan, TCS has excelled itself once again. Along with 10 per cent growth in its brand, its market cap also hit pole position in its industry and it is increasingly closing in on the top two in the IT services sector table," said David Haigh, CEO, Brand Finance.

"2021 will, undoubtedly, be another great year for TCS and its brand."

The seamless adaptation to new ways of working and the increased agility engendered by location-agnostic remote working models have led to faster execution on the ground and enhanced customer satisfaction, helping TCS win more business and gain market share, the report mentioned.

"This recognition of our brand strength is a stellar reaffirmation of the continued trust that our customers have placed in us over the years," said Rajashree R, CMO, TCS.

"We are proud and excited to embark on the next phase of our growth, building on our beliefs, and harnessing the passion, dedication and strength of our 469,000 associates who are the true custodians of Brand TCS".

TCS was recognised as a ‘Superbrand' across the US and the UK, based on the strength of its brand reputation across channels, business performance, industry-leading job creation, scale of employee training and development, and dedication to nationwide corporate social responsibility initiatives.
Print the Page
Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 26 Feb, 2021
  Daily Poll
COVID-19 has directly affected your business
 Can't say
  Commented Stories
» Cryptocurrency Bill: Killing the messenger?(1)
» Canada: Variant cases surge as overall Covid-19 numbers drop(1)
» CBDT refunds over Rs 1.93 lakh cr to 1.90 cr taxpayers since April(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter