TCS, Infosys, HCLTech rank among the most valuable IT services brands globally

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.

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 @Infosys

REPORT: 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.

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.

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.