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Tata Group and Infosys have once again emerged at the forefront of Brand Finance’s latest report on the most valuable Indian brands for 2024. The annual India 100 report, compiled by Brand Finance, assessed over 250 Indian brands across various sectors including IT, hospitality, automotive, and retail.
Tata Group maintained its stronghold as the most valuable Indian brand, with its brand value reaching USD 28.6 billion, marking a notable 9% growth from the previous year. Infosys closely followed, retaining its second position with a steady growth of 9% in brand value, now standing at USD 14.2 billion.
HDFC Group made significant strides this year, climbing to the third spot in the rankings. The merger with HDFC Ltd. propelled HDFC Group’s brand value by an impressive 38%, showcasing its strong market presence and strategic growth initiatives.
Following Tata and Infosys, HDFC Group secured third place, underscoring its robust growth trajectory. LIC Group claimed the fourth position, while Reliance Industries Limited rounded off the top five, highlighting their enduring influence in the Indian market.
State Bank of India (SBI) Group was recognized as the second most valuable bank in India, securing the sixth spot overall. Telecom giant Airtel also featured prominently, occupying the sixth and seventh positions respectively. HCL Technologies and Larsen & Toubro made significant moves in the rankings, with HCL jumping two spots to tenth place, and Larsen & Toubro entering the list at ninth place.
According to Brand Finance, brand value represents the present value of earnings specifically linked to brand reputation. This valuation is crucial for companies to comprehend the contribution of their brands to the overall corporate value.
David Haigh, Chairman and CEO of Brand Finance, emphasized the importance of brand valuation in strategic business decisions, stating, “Understanding the value of their brand helps companies gauge its impact on their overall corporate valuation.”
The Brand Finance report underscores the resilience and growth strategies of leading Indian brands amidst dynamic market conditions. As Tata Group and Infosys continue to lead the pack, and with HDFC Group’s rapid ascent, the rankings reflect the evolving landscape of brand value in India’s corporate sector.
Sources By Agencies
