Brand Finance, an independent brand valuation consultancy, took 5,000 companies in India and ranked them based on their brand value. And unsurprisingly, Tata Group continues to dominate the roost with a value of $ 19.6 billion.
The value of a company’s brand is the net economic benefit that the owner would gain by selling the brand on the open market. This year, Indian banks and global IT service providers topped the list of top 10 brands in India.
Here’s a look at the top 10 corporate brands in the country:
1. Tata Group – $ 19.6 billion
The Tata Group continues its reign as India’s most beloved brand. Its value rose 37% this year to $ 19.6 billion, more than the combined value of Life Insurance Corporation (LIC) and Infosys.
The Tata Group is also the only Indian company to be among the top 100 global brands in Brand Finance Global’s 500 best brands list in 86th position.
Among the many companies under its umbrella, the most successful are Tata Consultancy Services (TCS), Tata Motors and Tata Steel.
Based in Mumbai, the Tatas are one of the largest business conglomerates in India. Currently, they have operations in 100 countries around the world.
2. Life Insurance Company – $ 7.3 billion
The second most popular brand in India is the Life Insurance Corporation of India (LIC) with $ 7.3 billion. The company increased its value by 22.8% from 4th position last year.
LIC is the largest insurance company in India. It is owned by the Indian government and is headquartered in Mumbai. Now, it has been operational for over six decades.
And it’s not just limited to the Indian market. LIC has global partnerships in Bahrain, Fiji, London, Nepal, Sri Lanka and Saudi Arabia.
3. Infosys – $ 6.5 billion
Infosys is the third most popular brand in India and, like TCS, it is an IT service provider. The company maintained its position from last year, and its value rose 7.7% to $ 6.5 billion.
Over the past fiscal year, Infosys’ overall revenue grew 9% and digital revenue was a key driver as it grew by 30%.
The company is currently recruiting in India and is looking to bring 18,000 freshers on board, which is believed to be the result of the US tightening on H1-B visa applications from Indian IT companies.
4. State Bank of India – $ 5.97 billion
India’s largest and oldest commercial bank, the State Bank of India, is the country’s fourth most popular brand. In fact, it dropped from 6th position last year, with its value increasing 34.4% to $ 5.97 billion.
Ranked 216 on the Fortune 500 list of the world’s largest companies, SBI employs more than 300,000 people in its 14,000 branches – the largest banking network in India. It is also spread over 35 countries with more than 200 offices installed around the world.
5. Mahindra Group – $ 5.3 billion
Mahindra Group is the fifth most popular brand in India, jumping a whopping 6 spots from 11th last year. Company value increased 35.5% to $ 5.3 billion
From farm tractors to financial services to IT services, Mahindra Group is getting better and better, its brand value grows 35% to $ 5.3 billion and thus sealing its position in the top 5 for the first time. . Mahindra Group has made strong inroads into US markets as it has strong global ambitions.
6. HDFC Bank – $ 4.8 billion
HDFC Bank dropped from 8th last year to 6th this year. The feat was only possible because its value jumped 19% to $ 4.8 billion.
HDFC, along with SBI, are the only two banks among the top 10 brands in India. But ICICI only missed $ 3.9 billion. Even though SBI has greater brand value, HDFC was voted as the most trusted bank in India by Forbes magazine’s list of the world’s best banks.
It is a relatively new bank compared to SBI and was only incorporated in 1994. To date, HDFC’s banking network has grown to 5,103 branches and plans to add 25 more in Gujarat.
7. Bharti Airtel – $ 4.8 billion
Despite the price war in India’s telecom industry and the growing power of Reliance Jio, Bharti Airtel is the only network operator to be among the top 10 brands in India. But the pressure is on the downfall of the company, from the second most popular brand last year to the seventh most popular brand.
Its value fell 28.1% to $ 4.8 billion.
Airtel currently operates in 18 countries in Asia and Africa with more than 403 million customers as of March 2019.
It should be noted that Airtel’s value does not depend solely on the mobile network. It also offers digital television service, broadband services and IT services for businesses.
8. HCL Technologies – $ 4.6 billion
HCL Technologies, another IT services company from India, was on the coveted list. Even though it rose from the fifth most popular brand last year, its value still appreciated 1.7% to $ 4.5 billion.
HCL currently has operations in 44 countries, reporting sales of $ 8.6 billion in the last fiscal year.
9. Reliance Industries – $ 4.5 billion
Mukesh Ambani’s Reliance Industries (RIL) maintained its position as the 9th most popular brand in India at $ 4.5 billion, an increase of 12.4% over the value of the company last year.
It should be noted that Reliance Jio, Reliance Retail, Ajio, foreign brands – like Hamleys, Vimal and Reliance Gas recently purchased all fall under its umbrella.
10. Wipro – $ 4 billion
Wipro went from 13th place last year to making it to the top 10 in India at $ 4 billion.
According to Brand Finance Annual IT Services Report, Third Fastest Growing Global IT Services Brand in 2019, Achieving 25% Increase in Brand Value and Brand Score AA +.