IT majors Infosys and Tata Consultancy Services (TCS) have emerged as the most reputed corporates in India while Tata Motors, Tata Steel and Hindustan Unilever have tied for the second place, a corporate reputation index study said on Monday. 

Maruti Udyog got the third highest number of votes on the index, says the global consultancy firm TNS’ latest Corporate Reputation Index. The research firm said India’s progress is led by IT sector followed by FMCG and Petroleum.

“As corporate behaviour is increasingly under scrutiny and corporate valuations go beyond financial performance parameters, it is considered to be a measure of confidence in the organisation,” TNS said.

The corporate reputation index represents stakeholder expectations and experiences with the company and its services, processes, management and systems. A total of 70 leading companies across various sectors were selected for the study conducted in the last quarter of previous fiscal.