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Tata Group retains top position as most valuable Indian brand at US$24 billion
Tata Group (brand value up 12% to US$24 billion) continues to be the most valuable brand in India. The brand retains its top position as it led by example through the COVID-19 crisis by innovating using technology to reach the masses. The brand strengthened its strategic business and leadership initiatives with brand building activities across the globe. The brand’s growth with sustainable and inclusive actions at its core is the driving force behind brand Tata.
Every year, leading brand valuation consultancy Brand Finance puts 5,000 of the world’s biggest brands to the test, and publishes around 100 reports, ranking brands across all sectors and countries. India’s top 100 most valuable and strongest brands are included in the annual Brand Finance India 100 ranking.
Taj is the strongest brand in the nation with AAA Brand Strength rating
In addition to brand value, Brand Finance determines the relative strength of brands through a balanced scorecard of metrics evaluating marketing investment, stakeholder equity, and business performance. Compliant with ISO 20671, Brand Finance’s assessment of stakeholder equity incorporates original market research data from over 100,000 respondents in more than 35 countries and across nearly 30 sectors. Taj Hotels (brand value up 6% to US$314 million) is the strongest brand in the ranking with a Brand Strength Index (BSI) score of 88.9 out of 100 and a corresponding AAA brand rating.
The pandemic and subsequent national lockdowns hit the hospitality sector the most, brands had to re-invent their strategies to remain relevant to the need of tourists. Taj was at the forefront of this with agility and strategic initiatives – offering support to the healthcare sector. The hospitality industry is recovering as five-star business hotels in metropolitan cities across the country have seen occupancy reach 75% to 80% in the past month.
Banking, IT services and telecoms brands achieve high brand value growth post pandemic
Brands in the banking (brand value up 16%), IT services (brand value up 15%) and telecoms (brand value up 7%) sectors in India achieve high brand value as the economy is recovering from the impact of COVID-19.
The Indian banking sector is led by State Bank of India (SBI), the brand is the top banking brand in South Asia with a 29% growth in brand value, valued at US$7.5 billion and is 6th most valuable brand in India and is among the top 100 valuable brands in India.
2022 is a tipping point for the Indian IT services industry – the year in which the industry crossed US$200 billion in total revenue and 5 million in total workforce. Indian IT brands are truly global today, TCS (brand value up 12% to US$16.7 billion) and Infosys (brand value up 52% to US$12.8 billion) are among the top 3 most valuable brands globally at the 2nd and 3rd spot respectively – behind Accenture (brand value up 39% to US$36.2 billion), Wipro (brand value up 48% to US$6.4 billion), HCL (brand value up 10% to US$6.1 billion) and Tech Mahindra (brand value up 30% to US$3.0 billion) feature in the top 15 most valuable IT services brands globally.
The Indian telecommunications industry is making its mark globally, India is the world’s second-largest telecommunications market with a subscriber base of 1.16 billion users and has registered strong growth in the last decade. Airtel (brand value of US$7.7 billion) ranks No.1 in telecommunication sector in India with an impressive 28% growth in brand value. At second position, Jio (brand value up 5% to US$5.1 billion) shows gains in growth followed by VI (brand value of US$767 million) which continues to be resilient despite its numerous business challenges.
Infosys becomes second most valuable Indian brand, overtaking LIC
Infosys (brand value up 52% to US$12.8 billion) has overtaken LIC (brand value up 28% to US$11.1 billion) to become the second most valuable Indian brand this year. The value of the Infosys brand has boomed during the pandemic, with its brand value skyrocketing from just under US$7.1 billion prior to the pandemic, up 80% to its current value.
The Infosys brand has benefited significantly from global demand for online digital corporate services, and Infosys has built a very valuable brand based upon helping enterprises to evolve and execute strategies for virtual-physical interconnections globally.
Reliance brand value grows marginally to retain fourth place, while SBI is most valuable bank brand in South Asia
Reliance (brand value up 5% to US$8.6 billion) achieved some marginal brand value growth to retain fourth position, while the State Bank of India (brand value up 29% to US$7.5 billion) improved one ranking position to increase from 7th to 6th. The State Bank of India has benefited from broader financial recovery in India as the nation recovers well from the last wave of COVID-19.
View the full Brand Finance India 100 report here
ENDS
Note to Editors
Every year, leading brand valuation consultancy Brand Finance puts 5,000 of the biggest brands to the test, and publishes nearly 100 reports, ranking brands across all sectors and countries. Kenya’s top 20 most valuable and strongest brands are included in the Brand Finance India 100 ranking.
Brand value is understood as the net economic benefit that a brand owner would achieve by licensing the brand in the open market. Brand strength is the efficacy of a brand’s performance on intangible measures relative to its competitors.
The full ranking, additional insights, charts, more information about the methodology, and definitions of key terms are available in the Brand Finance India 100 report.
About Brand Finance
Brand Finance is the world’s leading brand valuation consultancy. Bridging the gap between marketing and finance, Brand Finance evaluates the strength of brands and quantifies their financial value to help organisations of all kinds make strategic decisions.
Headquartered in London, Brand Finance has offices in over 20 countries, offering services on all continents. Every year, Brand Finance conducts more than 5,000 brand valuations, supported by original market research, and publishes over 100 reports which rank brands across all sectors and countries.
Brand Finance is a regulated accountancy firm, leading the standardisation of the brand valuation industry. Brand Finance was the first to be certified by independent auditors as compliant with both ISO 10668 and ISO 20671, and has received the official endorsement of the Marketing Accountability Standards Board (MASB) in the United States.
Disclaimer
Brand Finance has produced this study with an independent and unbiased analysis. The values derived and opinions presented in this study are based on publicly available information and certain assumptions that Brand Finance used where such data was deficient or unclear. Brand Finance accepts no responsibility and will not be liable in the event that the publicly available information relied upon is subsequently found to be inaccurate. The opinions and financial analysis expressed in the study are not to be construed as providing investment or business advice. Brand Finance does not intend the study to be relied upon for any reason and excludes all liability to any body, government, or organisation.
The data presented in this study form part of Brand Finance's proprietary database, are provided for the benefit of the media, and are not to be used in part or in full for any commercial or technical purpose without written permission from Brand Finance.
