Brands
TCS reaps growth honours with Everest Group’s 2025 Elevate recognition
MUMBAI: Scaling new peaks comes naturally to TCS. Tata Consultancy Services has been crowned with the ‘Growth Honor’ of the year at Everest Group’s 2025 Elevate Honors in Dallas, a recognition that applauds its industry-leading organic growth and market impact.
The IT giant marked a staggering 39.4 billion dollars in total contract value and 30 billion dollars in revenues in FY25, consolidating its position as one of the world’s most powerful tech players. Everest Group noted TCS’ consistent revenue growth among global peers with revenues above 5 billion dollars, calling it proof of delivery excellence, operational strength, and innovation at scale.
“This award reflects our unwavering commitment to growth, driven by our expertise in AI and digital transformation, and the trust our clients place in us,” said TCS, global head – analyst relations, Nikhil Shahane.
The recognition caps a landmark year for TCS. In 2025, it became the world’s second-largest IT services brand, with a valuation of 21.3 billion dollars, and secured a spot in Fortune’s ‘World’s Most Admired Companies.’ Meanwhile, Whitelane Research ranked TCS first for customer satisfaction in Europe, for the twelfth consecutive year.
Everest Group, partner, Ronak Doshi said: “Elevate Honors are based on fact-based, analyst-driven research. Honourees like TCS are recognised solely for high performance and excellence.”
TCS’ growth story is being fuelled by next-gen bets, especially on artificial intelligence. The firm recently appointed a chief AI and services transformation officer and expanded services spanning AI, cloud, data, cyber security, and digital engineering. Its global clientele includes the top names in banking, telecom, retail, healthcare, and entertainment.
With over 600,000 employees across 55 countries, TCS is not only delivering technology-led transformation but also investing in long-term partnerships, sustainability, and community impact, including sponsorship of marathons from New York to London to Sydney.
In short, TCS isn’t just climbing mountains, it’s building them.
Brands
Dunkin’ Donuts to exit India as Jubilant FoodWorks ends 15-year franchise deal
The quick service restaurant giant is ending a 15-year franchise partnership with the American doughnut chain, even as it renews its Domino’s agreement for another 15 years
NOIDA: Dunkin’ is done in India. Jubilant FoodWorks Ltd, the country’s leading quick service restaurant operator, has decided not to renew its franchise agreement with the American coffee and doughnut chain, and will wind down its Indian stores in a phased manner before December 31, 2026, bringing a 15-year partnership to a quiet, loss-laden close.
The decision, approved by JFL’s board on March 30, 2026, ends a relationship that began with a Multiple Unit Development Franchise Agreement signed on February 24, 2011. JFL will now evaluate and undertake what it described in a regulatory filing as the “rationalisation and/or cessation of certain operations and/or sale, transfer or disposal of assets and/or assignment or transfer of franchise rights,” all in consultation with Dunkin’s brand owners and strictly within the terms of the original agreement.
The numbers tell the story bluntly. In the financial year 2024-25, Dunkin’ India posted a revenue of Rs 37 crore against a loss of Rs 19 crore — a haemorrhage that was always going to test the patience of a parent company recording revenues of Rs 6,104 crore and a profit of Rs 194 crore in the same period. Doughnuts, it turns out, were never going to move the needle.
The contrast with JFL’s handling of its other marquee franchise could hardly be sharper. Even as it walks away from Dunkin’, the company has just doubled down on Domino’s, signing a fresh Master Franchise Agreement on March 31, 2026, granting it exclusive rights to develop and operate Domino’s Pizza stores in India for 15 years, with an option to renew for a further 10.
JFL, incorporated in 1995 and promoted by the Bharatia family, operates a network of more than 3,500 stores across six markets — India, Turkey, Bangladesh, Sri Lanka, Azerbaijan and Georgia. Its portfolio includes Domino’s and Popeyes on the global side, and two home-grown brands: Hong’s Kitchen and COFFY, a café brand in Turkey.
For Dunkin’, India was always a stretch. The brand never quite cracked the cultural code in a market where filter coffee and chai command fierce loyalty and where the doughnut remains, at best, an occasional indulgence rather than a daily habit. Fifteen years, mounting losses and a parent with better things to spend its capital on was always going to be a difficult equation to solve.
The doughnut has had its last day. The pizza, however, is staying.
