TCS Achieves Milestone as 2nd Global IT Services Brand to Cross $20Bn in Value
Team Finance Saathi
21/Jan/2025
What's Covered Under the Article:
- TCS becomes the second global IT services brand to achieve a $21.3 billion valuation.
- Growth driven by AI investments, customer satisfaction, and marketing excellence.
- TCS leads in sustainable tech, supporting global events and driving AI innovation.
Tata Consultancy Services (TCS), a global leader in IT services, has achieved a major milestone by becoming the second IT services brand globally to cross the $20 billion brand value mark, now valued at $21.3 billion. This remarkable achievement comes after an 826% growth in brand value over the past 15 years, from $2.3 billion in 2010. This growth is a testament to TCS’ continuous investment in innovation, particularly in artificial intelligence (AI), as well as its expanding global presence and thought leadership.
According to David Haigh, Chairman and CEO of Brand Finance, TCS has consistently innovated and projected its brand on the global stage. He praised TCS for reaching a landmark that only one other company has achieved in the IT services sector. Haigh credited the 600,000 TCS employees, or “TCSers,” for driving this success.
TCS’ commitment to innovation extends beyond AI, with sustainability being a key focus area. The company has undertaken several sustainability-driven initiatives, including digital twin technology to reduce carbon emissions and collaborations with Rolls Royce to develop hydrogen-powered aircraft engines. TCS’ role in global sustainability sets the company apart as a leader in integrating technology for the greater good.
TCS has also demonstrated its customer-centric approach, ranking as the #1 IT service provider for customer satisfaction in Europe in 2024. Its marketing excellence has helped TCS strengthen its global brand visibility, supporting 14 major endurance running races worldwide and partnering with Jaguar TCS Racing in the ABB FIA Formula E World Championship, reinforcing its commitment to sustainable technology.
Additionally, TCS engages in thought leadership through research initiatives, such as its AI for Business Study and Future-Ready eMobility Study 2025, which explore how AI and electric mobility are shaping industries. These studies further underscore TCS' role in shaping the future of business through technology and innovation.
As TCS continues to expand, its focus remains on creating long-term value for clients through technology and sustainability initiatives, ensuring that it remains a trusted global partner.
For more Real-time Updates, Bookmark https://financesaathi.com
Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.
Join our Finance Saathi Telegram Channel for Regular Share Market, News & IPO Updates.