Tata Group, Infosys, Airtel and 7 other most valuable brands in India
TIMESOFINDIA.COM | Jun 27, 2024, 08.50 PM IST
Tata Group is India’s most valuable brand with a brand value of $28.6 billion. Infosys and HDFC Group follow it as the second and third most valuable brands in the country. Brand valuation consultancy firm Brand Finance released the latest ranking of most valuable Indian brands in a report titled ‘India 100 2024’.
As per the report, Infosys saw a steady 9% growth in brand value to $14.2 billion at the present. HDFC Group which jumped to third spot as India’s most valuable brand has a total brand value of $10.4 billion, following the merger with HDFC Ltd. “Tata Group’s brand value highlights the first time an Indian brand is close to the $30 billion brand value mark,” the report says.
Brand Finance report names top 100 most valuable brands in India. Among top 10 are Tata Group, Infosys, HDFC, LIC, Reliance Industries Limited, SBI, Airtel, HCL Tech, Larsen & Turbo and Mahindra.
Wipro came in 11th, followed by Jio Group on 12th. Flipkart stood on 35th, Zetwerk secured the 64th position, while Havells came on 80th. The top 100 most valuable Indian brands list also included Croma and BSNL.
As per Brand Finance report, telecom operators Jio, Airtel and Vodafone Idea have accelerated growth by adapting to evolving consumer device usage patterns. The telecom sector saw a growth of 61%.
Owing to the structural reforms and regulatory improvements, the banking sector witnessed a rise in the brand values of leading public sector banks. State Bank of India (SBI) retains its position as the second most valuable bank in India with a total brand value of $6.9 billion. ICICI bank saw a 33% jump in brand value and has brand value of $4.5 billion. Indian Bank, InducInd Bank, Union Bank of India and Punjab National Bank are among the fastest-growing Indian banking brands.
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As per the report, Infosys saw a steady 9% growth in brand value to $14.2 billion at the present. HDFC Group which jumped to third spot as India’s most valuable brand has a total brand value of $10.4 billion, following the merger with HDFC Ltd. “Tata Group’s brand value highlights the first time an Indian brand is close to the $30 billion brand value mark,” the report says.
Top 10 most valuable brands in India
Brand Finance report names top 100 most valuable brands in India. Among top 10 are Tata Group, Infosys, HDFC, LIC, Reliance Industries Limited, SBI, Airtel, HCL Tech, Larsen & Turbo and Mahindra.
Wipro came in 11th, followed by Jio Group on 12th. Flipkart stood on 35th, Zetwerk secured the 64th position, while Havells came on 80th. The top 100 most valuable Indian brands list also included Croma and BSNL.
Telecom sector achieve 61% growth
As per Brand Finance report, telecom operators Jio, Airtel and Vodafone Idea have accelerated growth by adapting to evolving consumer device usage patterns. The telecom sector saw a growth of 61%.
Owing to the structural reforms and regulatory improvements, the banking sector witnessed a rise in the brand values of leading public sector banks. State Bank of India (SBI) retains its position as the second most valuable bank in India with a total brand value of $6.9 billion. ICICI bank saw a 33% jump in brand value and has brand value of $4.5 billion. Indian Bank, InducInd Bank, Union Bank of India and Punjab National Bank are among the fastest-growing Indian banking brands.
Read Also | Facing slowdown, Indian IT companies are undergoing a shift: Here’s what’s changing