The Silicon Review - Best Business Review Magazine 10 Best IT Services Companies 2019 | Page 16

TATA Consultancy Services becomes the 3rd Most
Brand Followed by Some Other Indian Companies
T
CS makes the top 10
list of IT services brand
along with other Indian
companies. India is well
aware of the company
called TCS (TATA Consultancy
Services). It’s an honour for many
individuals to be part of TCS. It is
the first Indian IT services brand
to achieve success in the Japanese
market. It has also positioned itself
as a leader in providing a superior
all-round customer experience.
TCS has also leveraged artificial
intelligence and robotic automation,
across the transformation
programmes it has and this is why
it now stands in the third spot on
the global level as the most valued
IT service brand. The two firms
that took the top two spots are
Accenture and IBM according to
Brand Finance. Also, the fact that
companies such as Wipro, HCL and
Infosys made the list in the top 10.
Accenture and IBM
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Accenture has taken the title for
the world’s most valued IT service
brand that has been valued at $26.3
billion. Prior to Accenture, it was
IBM that topped the chart but now
it has dropped to $20.4 billion. This
is how the market works and the
entirety of activities carried out by
these companies have exceeded that
of any other company. These two
companies have been in the market
for quite some time now. Each and
every part of the world knows
Accenture and IBM. Even in India
it has its branches and has a lot of
respect in the market. Matching
march 2019
up to this is our very own TATA
Consulting Services Group.
TCS’s Success
TATA Consultancy Services is up to
23 per cent to $12.8 billion, which
gave it the 3rd spot. The value
bolstered by the brand’s disciplined
focus on its market that increased
demand for digital services. TCS is
considered to be Indian’s first-ever
IT services brand that had achieved
success in Japan as well. This shows
that the company has scaled to
different regions and has been
very much successful. It is known
to be a multinational information
technology service, consulting
company. It has its headquarters
in Mumbai, Maharashtra along
with many sub-branches around
parts of India. Not to mention the
fact that it is part of the Tata Group
and operates in 46 countries. TATA
Consultancy Services is one of the
largest Indian companies by market
capital and hence that is what
gave it the 3rd spot in the market.
Other Indian Firms that
Made the List
Wipro is one of the companies that
entered the top-10 list for the first
time this year. The company went
up 25 per cent to USD 4 billion. The
Wipro has significantly invested in
digital transformation capabilities.
It is important to realize that niche
acquisition, recent brand refresh,
and many other signs of progress
have propelled the company to be
the third fastest-growing brand in
the current market. Companies like
Infosys and the American brand
Cognizant have held their previously
owned positions. That is Cognizant
in fourth and Infosys in fifth.
Cognizant is said to have a brand
value up by 12 per cent to USD 8.7
billion and the same way Infosys
had a brand value up by 8 per cent
USD 6.5 billion. Now Cognizant
might have its headquarters in
the US, its main operations are in
Chennai. It further has sub-branches
in Hyderabad, Mumbai, Bengaluru,
Pune, Cochin, and Kolkata.
Many other companies also made
it to the top-10 list included
Capgemini, DXC Technology and
NTT Data. All of them have played
their part and have successfully
made it on the list. These many
companies are part of the list is
because India has a high - world-
class facility followed by a good
infrastructure to support the IT
industry. Bengaluru is considered
to be the Silicon Valley of India due
to its capability of holding such
big companies. The employees
and partners work hard on the
development of their companies
and that is why providing them with
the right IT infrastructure becomes
the main priority of every company.
The growth seems endless because
these companies have been in the
India market for quite some time
now. Also, it doesn’t look like they
are going to stop at that and we
might be in a generation where
companies like TCS, Infosys and
more grow to a bigger entity and
top the charts in the world.
SR