TCS ranked among Forbes Top 100 Most Innovative Companies

• TCS retains its position as the highest ranking IT services company.
• Innovation more important than ever, due to the accelerating speed of digitization, says TCS.
• The Forbes ranking adds to previous success in the 2015 Nordic Outsourcing study

Stockholm, October 23, 2015: Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions organization, has been recognized by Forbes as one of the of world’s most innovative companies. At #64, TCS is the highest ranking IT services firm on the list. TCS appears on the list for the eighth time.

“Change is happening at an explosive pace, and innovation has become crucial to the survival and success of enterprises,” says Amit Bajaj, Head, North Europe, TCS. “IT service providers need to be able to drive innovation together with the customers. Delivery certainty, an outstanding service experience, and the ability to lead change are the foundation on which to build innovation, and that is exactly what we have been striving for.”

Forbes Magazine publishes The World’s Most Innovative Companies list annually, recognizing corporate excellence in fostering innovative and creative business thinking and solutions. Companies are ranked by their innovation premium, or the difference between their market capitalization and a net present value of cash flows from existing business.

TCS innovativeness was recently also acknowledged in the 2015 Nordic IT Outsourcing Study conducted by Whitelane Research and PA Consulting. In the Nordic market, TCS’ score for innovation was 10% higher than the industry average, contributing to TCS’ domination of the results, with 87% overall customer satisfaction, and a convincing #1 spot in the study.

TCS has a long history of delivering innovative solutions to its customers, opening its first R&D lab in 1981 when the technology industry in India was just taking shape. Across industries and services, TCS has established a global network of Innovation Labs.

Furthermore,TCS’ Co-Innovation Network (COIN™), with a strong presence in the Nordics, provides value to TCS’ customers across the entire technology and business landscape, forging and nurturing bonds with academic institutions, startups, venture funds, strategic alliance partners, multilateral organizations, and TCS’ customers.

About TCS Nordic
Present in the Nordic region since 1991, TCS has continuously invested in the market for the benefit of its customers. TCS has around 9,000 professionals working in Sweden, Finland, Norway, Denmark, Iceland, and across TCS’ Global Network Delivery Model™ (GNDM™),servicing leading Nordic companies. Since 2010, TCS has tripled the size of its operations in the region, with significant increase in local hiring. TCS has been consistently rated as number one in Nordic IT servicescustomer satisfactionover the past 6 years, in multiple surveys (by KPMG and Whitelane Research/PA Consulting). Several prominent Nordic companies have benefited from TCS’ unique service offering, including Nokia, Ericsson, TDC, ABB, Telenor, NETS, and DNB. In 2015, for the third year in a row, Top Employers Institute granted TCS theTop Employer in Europecertificate, with Sweden, Norway and Denmark among the eight markets where TCS was number one.

About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is anIT services,consultingand business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio ofIT,BPS, infrastructure, engineeringandassurance services.This is delivered through its uniqueGlobal Network Delivery Model™, recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 324,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $15.5 billion for year ended March 31, 2015 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us atwww.tcs.com.

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