TCS 2nd most valuable IT services brand globally, 5 other Indian companies in top 25 tally

Tata Consultancy Services (TCS) has become the second most valuable brand in the IT services sector globally, while four other Indian tech majors have firmly established their position among the top 25 IT services brands tally, according to Brand Finance. Accenture retained the title of world's most valuable and strongest IT services brand, boasting record brand value of USD 36.2 billion, as per the report. The report said as IBM has gone down to fourth rank, TCS has risen up to second spot in ranking, following 12 per cent growth year-on-year and 24 per cent since 2020, to a brand value of USD 16.8 billion.

Infosys, at the third spot, emerged as the fastest-growing IT services brand globally following 52 per cent brand value growth since last year and 80 per cent since 2020 to USD 12.8 billion.

Wipro has secured the 7th spot and firmly established itself among the global elite. Wipro's performance demonstrated strong revenues and growth in brand value, the report said, adding that the Bengaluru-based conglomerate has a brand value of USD 6.3 billion with an increase of 48 per cent since the previous year.

HCL is 8th in the row of most valuable IT services brand globally. HCL - which has signed 58 projects across various sectors, including telecommunications, life sciences, manufacturing and technology - saw 10 per cent growth in brand value over the past year to USD 6.1 billion. The brand announced that its revenue grew by 2.4 per cent y-o-y to a total of USD 10.2 billion, the report stated.

Tech Mahindra ranks 15th in terms of most valuable IT services brand globally. Tech Mahindra had a brand value growth of 45 per cent over the last two years to USD 3 billion. The growth is a result of focussed brand building efforts, the report said, adding that it was also the only Indian organisation to receive the Terra Carta Seal by the Prince of Wales for its commitment to creating a sustainable future.

Larsen & Toubro Infotech (LTI) has gained the 22nd position among most valuable IT services brand globally as per the Brand Finance IT Services 25 2022 report. Indian IT services brands made a leap with average growth from 2020 to 2022 at 51 per cent, compared to a seven per cent drop for brands from the US.