TCS Named to World’s Most Admired Companies List by FORTUNE(R) Magazine

NEW YORK, NY AND MUMBAI, INDIA / ACCESSWIRE / February 3, 2023 / Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) has been named to FORTUNE® magazine's list of the World's Most Admired Companies. Regarded as a barometer of corporate reputation, the list is based on a survey of business executives, directors and analysts around the globe. Companies are evaluated based on criteria such as innovation, social responsibility, quality of management, global competitiveness, talent management, and quality of products/services.

"TCS is honored to be included in Fortune Magazine's list of the World's Most Admired Companies, especially since we share this accolade with many of our clients," said Suresh Muthuswami, Chairman, TCS North America. "This recognition is an outcome of the longer-term, purpose-driven partnerships we have built with our clients, communities and all other stakeholders."

TCS partners with some of the world's largest corporations in their innovation, growth, and transformation initiatives. Its industry-leading growth over the last decade has come from continually looking for new opportunities to add value to clients, proactively investing in newer capabilities, reskilling its workforce, and launching newer services, solutions, products, and platforms.

In the last few years, TCS has been using its investments in research and innovation, its intellectual property and deep contextual knowledge of the customer's business and technology landscape to proactively pitch ideas and solutions designed to improve their topline and help drive competitive differentiation. This strategy has resulted in deep and enduring customer relationships, a vibrant and engaged workforce, industry-leading profitability, a steady expansion of the addressable market, and a proven track record in delivering longer term stakeholder value.

TCS has invested heavily in research and innovation, taking up promising themes in each industry to envisage and design innovative solutions. The company has over 6,500 dedicated researchers and innovators, with 2,694 granted patents to their credit. TCS' global network of Pace Port™ co-innovation and advanced research centers based in New York, Pittsburgh, Toronto, Amsterdam, and Tokyo, help customers drive innovation at speed and scale.

TCS' employee-friendly workplace practices and continued investments in building up talent across the organization through professional development initiatives and digital skills programs, have made it a top employer globally and an industry benchmark for talent retention.