TCS crosses $30 billion in revenue, becomes world's 2nd largest IT services brand

Tata Consultancy Services (TCS) has reached a historic milestone by surpassing $30 billion in annual revenue, reinforcing its position as a global leader in IT services. According to reports, the company is now the world's second-largest IT services brand, with a brand valuation of $21.3 billion.

In an internal communication to employees, TCS CEO K Krithivasan celebrated the achievement, calling it a testament to the company's long-term commitment to innovation, agility, and customer-first solutions. He noted that TCS's momentum remains strong and pointed to the firm’s evolving business vision, dubbed "The Perpetually Adaptive Enterprise."

"We can continue this momentum," Krithivasan said, underlining the need for adaptability in an era defined by rapid technological shifts and digital transformation.

Related Articles

Strategic moves and leadership overhaul

As the company gears up for its next phase of growth, TCS has announced several leadership changes set to take effect from May 1. These appointments signal a renewed focus on transformation and long-term strategic planning.

Aarthi Subramanian, a veteran with nearly three decades of experience within the Tata Group, will return to TCS as President and Chief Operating Officer. Her reappointment is expected to bring continuity and seasoned leadership to the company's operations.

Meanwhile, Mangesh Sathe has been named the Chief Strategy Officer. Sathe, known for his experience in business transformation across various Tata Group entities, will be responsible for steering the company's long-term vision and strategic initiatives.

Krithivasan noted that these changes reflect TCS's readiness to pursue "audacious goals that elevate customer success journeys," reinforcing the company's core pillars of agility, innovation, and collaboration.

Looking Ahead: AI and Digital Disruption

TCS's milestone comes at a time of rapid transformation in the global IT landscape, driven by the increasing adoption of AI, automation, and cloud-based technologies. The company's ability to stay ahead of the curve and turn potential disruptions into growth opportunities will play a critical role in retaining its global position.

Industry analysts believe that TCS's take on becoming a "perpetually adaptive enterprise" positions it well for the future. The firm's strategy of embedding resilience and responsiveness into its operations could help it navigate market uncertainties while delivering sustained value to clients.