Infosys and TCS top Indian presence on Forbes best-regarded companies list

Forbes has released its list of the world’s best regarded firms, and IT services giants Infosys and Tata Consultancy Services (TCS) are among the twelve Indian firms to have made the prestigious list. The global list was topped by entertainment giant Walt Disney, followed by Hilton hotels and Ferrari.

Alongside measuring the net worth of individuals and firms across the business world, Forbes magazine expands its scope of analysis each year to examine a firm’s reputation amongst its peers and customers, primarily in terms of trustworthiness and fairness of operations.

The publication recognises the global firms with the best reputations through its list of the World’s Best-Regarded Firms. To generate this year’s list, the firm partnered with research firm Statista and conducted a survey among 15,000 people situated in 60 countries across the globe.

The metrics offered to respondents in the survey not only spanned the trustworthiness of firms, but also their social conduct, the effectiveness and reliability of their product and their behaviour towards employees. Based on this criteria, the majority of the firms that made the list belong to the United States, which comprised 61 of the 250.

Twelve Indian companies made it to the list. The top two Indian firms on the list are Indian tech services giants Infosys and TCS, which made it to 31st place and 35th place respectively. Both firms have strong reputations and were positioned well ahead of the next Indian firm on the list, which was Tata Motors in 70th place.

Infosys has been making great strides recently, both in terms of business as well as in terms of its reputation. The firm has been rapidly building an international profile with a specific focus on the US market, where it has hired 2,500 Americans just over the last year, in addition to launching a number of initiatives for training and innovation in the country.

At the end of last year, Infosys co-founder Nandan Nilekani donated half his total wealth – or $1.7 billion to Bill Gates’ The Giving Pledge for philanthropic purposes, which substantially boosted perceptions of the firm across the globe.

TCS, on the other hand, has been no stranger to awards and accolades over the last year. The firm was named a leader in Software Product Engineering in March this year by the Everest Group, following which NelsonHall named it a leader in Digital Marketing Services. In June, TCS was named by Brand Finance as the 58th most valuable brand in the US.