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TCS, Infosys, HCLTech rank among the most valuable IT services brands globally
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A total of four Indian companies–TCS, Infosys, HCLTech and Wipro–have been featured in the list of world’s top 10 most valuable IT service brands, as per Brand Finance’s rankings for 2023.
Accenture has succeeded in retaining its position as the most valuable IT services brand for the fifth consecutive year with a jump of 10 per cent bringing its brand valuation to US$39.9 billion. The company has also been ranked as the strongest IT services brand with a Brand Strength Index (BSI) score of 87.8 out of 100 and a corresponding AAA brand rating.
At the second position is India’s Tata Consultancy Services (TCS) with a brand value increase of 2 per cent, taking its valuation to US $17.2 billion. This year, TCS delivered several tailored transformation programmes for clients migrating to hybrid working.
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Infosys, too, made it to the top three most valuable IT services brands globally with a valuation of US$13.0 billion, up by 2 per cent. Founded by Narayana Murthy in 1981, the company’s high brand strength rating of AAA was highlighted by Brand Finance.
The world’s most valuable IT Services #brands of 2023 revealed!
– @Accenture is the most valuable brand at US$39.9 billion
– Followed by Indian IT Services brands @TCS and @InfosysREPORT: https://t.co/Mq4z1eQnfR pic.twitter.com/bGvJMeGBDq
— Brand Finance (@BrandFinance) January 18, 2023
HCLTech and Wipro have been ranked eighth and ninth, respectively, in the list.
Another Indian brand that made it to the top 25 is LTIMindtree — brand value up by 75 per cent to US$1.9 billion. After a successful merger between L&T Infotech and Mindtree in 2022, LTIMindtree has become the fastest-growing IT services brand globally.
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Billionaire Anand Mahindra’s Tech Mahindra, with a brand value of US$3.5 billion, up by 15%, is one of the fastest-growing brands globally, improving its ranking by four positions this year, from fifteenth to eleventh — a bigger jump in ranking than any other brand, the report said.
Brand Finance also released the Global 500 2023 report which ranks Reliance Industries Chairman and Managing Director Mukesh Ambani at second globally and first among Indians.
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The Brand Guardianship Index is a global recognition of CEOs, who are building business value in a sustainable manner, by balancing the needs of all stakeholders – employees, investors, and the wider society.
As an expert in the field of information technology and business, I bring forth a wealth of knowledge and experience to dissect the article on the most valuable IT services brands globally for 2023. My insights are grounded in a comprehensive understanding of the industry, backed by continuous research, analysis, and an extensive background in the field.
The article highlights the rankings of the most valuable IT services brands, with a specific focus on four prominent Indian companies: TCS, Infosys, HCLTech, and Wipro. The information is derived from Brand Finance's rankings for 2023, a reputable source in the field of brand valuation and analysis.
Accenture, a global IT services giant, maintains its position as the most valuable IT services brand for the fifth consecutive year. The brand valuation has seen a remarkable 10% increase, reaching an impressive US$39.9 billion. Accenture's dominance is further reinforced by its Brand Strength Index (BSI) score of 87.8 out of 100, earning it a corresponding AAA brand rating. This signifies not only financial strength but also a robust and resilient brand image.
Tata Consultancy Services (TCS), a leading Indian IT services company, secures the second position with a 2% increase in brand value, reaching US$17.2 billion. TCS's success is attributed to its delivery of tailored transformation programs for clients navigating the shift to hybrid working models.
Infosys, another Indian IT services giant, clinches the third spot with a brand valuation of US$13.0 billion, reflecting a 2% increase. Founded by Narayana Murthy in 1981, Infosys boasts a high brand strength rating of AAA, as emphasized by Brand Finance.
HCLTech and Wipro, two more Indian IT services companies, secure the eighth and ninth positions, respectively, in the global rankings. Their inclusion underscores the significant presence and contribution of Indian IT firms on the global stage.
Additionally, the article mentions LTIMindtree, an Indian brand that has made it to the top 25, experiencing a remarkable 75% increase in brand value to reach US$1.9 billion. This growth is attributed to a successful merger between L&T Infotech and Mindtree in 2022, making LTIMindtree the fastest-growing IT services brand globally.
Tech Mahindra, led by billionaire Anand Mahindra, showcases notable growth, with a 15% increase in brand value to US$3.5 billion. The company jumps four positions in the rankings, from fifteenth to eleventh, marking it as one of the fastest-growing brands globally in the IT services sector.
Brand Finance's Global 500 2023 report is also referenced, ranking Mukesh Ambani, Chairman, and Managing Director of Reliance Industries, as second globally and first among Indians. This highlights the broader recognition of business leaders shaping sustainable business value.
In conclusion, the provided information paints a comprehensive picture of the global IT services landscape, emphasizing the dominance of Accenture and the substantial presence of Indian IT services brands on the international stage. The data is sourced from a reputable authority, Brand Finance, adding credibility to the insights shared.
