TCS reaches a brand valuation of $21.3 billion, reflecting its growth in IT services amid advancements in technology, sustainability, and digital transformation.
21 Jan 2025 | 3069 Views | By Autocar Professional Bureau
Tata Consultancy Services (TCS) has reached a brand valuation of $21.3 billion, making it the second IT services company globally to cross the $20 billion mark, according to Brand Finance's IT Services 2025 rankings announced in Davos today.
The company's brand value has grown by 826% since 2010, when ...
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Tata Consultancy Services (TCS) has reached a brand valuation of $21.3 billion, making it the second IT services company globally to cross the $20 billion mark, according to Brand Finance's IT Services 2025 rankings announced in Davos today.
The company's brand value has grown by 826% since 2010, when it was valued at $2.3 billion. Brand Finance Chairman and CEO David Haigh noted that the company's continuous innovation and global presence have contributed to this milestone achievement.
TCS recently secured the top position for customer satisfaction among IT service providers in Europe, according to Whitelane Research's 2024 survey. The company has expanded its sustainability initiatives, including partnerships with Rolls Royce on hydrogen-powered aircraft engines and the development of digital twin technology to reduce carbon emissions.
The IT services giant maintains a significant presence in sports sponsorship, supporting 14 major endurance running events including five Abbott World Marathon Majors. It also partners with Jaguar Racing in the Formula E Championship, focusing on electric mobility innovation.
TCS, which employs over 600,000 people globally, has been a strategic partner of the World Economic Forum for 15 years. The company's Chief Marketing Officer, Abhinav Kumar, emphasized TCS's role in delivering complex technology solutions and building long-term client partnerships.
Founded in 1968 as part of the Tata Group, TCS has evolved from an Indian IT services provider to a global technology consulting firm. The company has been investing in artificial intelligence and digital technologies, recently releasing studies on AI implementation across industries and the future of electric mobility.
The achievement comes at a time when the global IT services industry is adapting to increased demand for artificial intelligence and digital transformation services. TCS competes with other major players like Accenture, IBM, and Infosys in the international market for technology consulting and services.