HCLTech emerges as the world’s fastest-growing IT Services brand in 2025
HCLTech’s
brand value increased by 17% year-on-year to $8.9 billion. This recognition
highlights the sustained growth of the HCLTech brand, which in last year’s report
was the fastest growing among the top 10 IT services brands.
"FY24 saw HCLTech deliver solid market
performance with our revenue growth rate the highest among tier 1 global IT
services companies and our early leadership in the AI and GenAI space. This
exceptional performance is directly mirrored in our brand valuation, showcasing
the strong correlation between our business achievements and our brand's market
perception," said Jill Kouri, Chief Marketing Officer at HCLTech.
David Haigh, CEO of Brand Finance, remarked:
"HCLTech has once again exhibited exceptional growth in its brand value
through effective market differentiation. In an era where buyers and
prospective employees encounter numerous choices across various categories,
HCLTech has set itself apart with its distinctive brand positioning, clearly
articulating the company's ambition, energy and momentum. This remarkable
performance underscores how effectively HCLTech is engaging with clients and
capitalizing on new market opportunities, surpassing other leading brands in
the industry.”
Brand Finance determines brand value using a
methodology that assesses the brand's strength based on its ability to generate
business value. The study measures consumer perceptions of over 6,000 brands in
41 countries across 31 sectors using metrics such as Awareness, Familiarity,
Consideration, Usage, Loyalty and Recommendation. It also evaluates a brand's
strength by examining its marketing and brand investments, client and employee
perceptions and overall business performance.
This recognition is particularly significant as it
coincides with the 25th anniversary of HCLTech’s initial public offering. Since
its listing, HCLTech has experienced remarkable growth, with revenues
increasing by over 80 times (CAGR: 19%) and annual profits rising by 90 times
(CAGR: 19.4%), resulting in industry-leading total shareholder returns over
this period, with a CAGR of 20.6%.
“Our global purpose-driven
strategy is paying off great results. HCLTech’s fastest brand value growth reflects
the continued relevance and stickiness of our company’s value proposition to
all its stakeholders, driven by bringing together the best of technology and our
people to supercharge progress,”
said Zulfia Nafees, Global Head of Brand at HCLTech.
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