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PRESS RELEASE
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SINGAPORE | MUMBAI, October 14, 2019: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting, and business solutions organization, has been voted the Overall Most Outstanding Company in India and the Most Outstanding Company in India in the IT Services sector in Asiamoney's 2019 Asia's Outstanding Companies poll.
Additionally, TCS was recognized as the most awarded company of the decade in India for topping Asiamoney’s various investor surveys and awards – such as the Best Managed Companies Award, the Corporate Governance Poll and Asia’s Outstanding Companies Poll – the most number of times over the last ten years.
Asiamoney’s Outstanding Companies poll is designed to acknowledge listed companies in 12 countries in Asia, that have excelled in areas such as financial performance, management team excellence, IR activities and CSR initiatives. Over 800 fund managers, buy-side analysts, bankers and research analysts participated in the 2019 poll, casting over 4,000 votes.
The Overall Most Outstanding Companies were the ones which racked up the most votes in their respective countries, demonstrating respondents’ recognition of their stable business models, innovative approaches to their industries, strong leadership in their sectors and countries, and their worthiness of recognition.
“Asiamoney has been recognizing excellence in corporate governance among listed companies in major markets across Asia for the last three decades. I congratulate Tata Consultancy Services for winning the most times in our corporate-related polls and awards in India in the last decade starting 2010, and for being voted the Most Outstanding Company in India once again in our 2019 survey. By consistently setting a high standard in governance and leadership, they and other top-ranked companies in our polls are serving as exemplars, much to the betterment of all stakeholders across the region,” said Alex Pang, Executive Editor, Asiamoney.
“We are delighted to be ranked Number One in India in Asiamoney’s polls once again this year, and over the last decade. It is gratifying to be recognized by investors in the region for our efforts to uphold the highest standards of corporate governance and for successfully building a business that is rewarding to all stakeholders,” said Kedar Shirali, Global Head, Investor and Analyst Relations, TCS.
Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 55 years. Its consulting-led, cognitive powered, portfolio of business, technology and engineering services and solutions is delivered through its unique Location Independent Agile™ delivery model, recognized as a benchmark of excellence in software development.
A part of the Tata group, India's largest multinational business group, TCS has over 615,000 of the world’s best-trained consultants in 55 countries. The company generated consolidated revenues of US $27.9 billion in the fiscal year ended March 31, 2023, and is listed on the BSE and the NSE in India. TCS' proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit www.tcs.com
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