Mumbai: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has been voted the Overall Best Managed Company in the technology sector, across the region in FinanceAsia’s 2020 Asia’s Best Companies survey, for its standout performance. TCS also won five awards in the India rankings.
The 20th edition of this annual poll captured the opinions of 335 portfolio managers and buyside analysts across Asia on how the region’s leading listed companies are managed, their investor relations, and commitment to environmental, social and governance policies. It provides a unique insight into investors’ perception of these corporations and acknowledges the exceptional performers.
In the India-specific rankings, TCS’ initiatives to reduce its environmental footprint and its long running community programs earned it a #1 position in the categories: Best Environmental Stewardship and Most Committed to Social Causes. In addition, the company was ranked #2 in Best Corporate Governance and Best Investor Relations, and #3 in Best Managed Company.
“Guided by the Tata Group ethos and driven by an entrepreneurial, agile, and innovative spirit, TCS has been addressing the needs of all stakeholders and setting a high standard in leadership, governance, sustainable practices, and commitment to social causes,” said Kedar Shirali, Global Head, Investor & Analyst Relations, TCS. “We are delighted to be recognized by the region’s investors once again, for our initiatives in these areas.”
FinanceAsia’s polls of Asian investors reinforce the findings of other regional surveys published this fiscal year. In Asiamoney’s 2019 Asia’s Outstanding Companies poll, TCS was voted the Overall Most Outstanding Company in India and the Most Outstanding Company in India in the IT Services sector. Institutional Investor’s All Asia Executive Executive Team Polls ranked TCS among the top companies in Asia for Corporate Governance, Best ESG/SRI metrics, and ranked #1 by the region’s sell-side in the categories: Best CEO, Best CFO, and Best IR professional.