Indian Economy News

Tata Group retains top spot as India's most valuable brand at US$ 28.6 billion

  • IBEF
  • June 28, 2024

Tata Group has retained its position as India’s most valuable brand, with a value of US$ 28.6 billion, reflecting a 9% increase from last year. Following Tata, Infosys holds the second position. At the same time, HDFC Group has made a significant leap to third place in Brand Value’s "India 100 2024" ranking. Brand Finance’s report highlighted that Tata Group is the first Indian brand nearing the US$ 30 billion mark. HDFC's rise to the third position is driven by its merger with HDFC Ltd., strengthening its brand value in the financial sector. Taj remains India’s strongest brand, with a Brand Strength Index (BSI) score of 92.9 out of 100 and a prestigious AAA+ rating. The telecom sector saw a 61% growth in brand value, with Jio, Airtel, and Vi leading this surge. The banking sector reported a 26% increase, with SBI as India's second most valuable bank.

Westside is the fastest-growing Indian brand, with a 122% increase in brand value, followed by Motherson at 86% and Sonata Software at 83%. Hexaware is the fastest-growing brand in the IT services sector, with a 20% increase in brand value. The mining, iron, and steel sectors grew by 16%, driven by infrastructure and manufacturing investments. Raymond saw a 12% increase in brand value, breaking into the top 10 strongest brands. Zetwerk debuted as the second most valuable engineering brand at US$ 543 million. Indigo Airlines surpassed the US$ 1 billion mark with a 26% increase in brand value. New entrants like HMEL and CIEL HR also made significant impacts. Ajimon Francis, managing director of Brand Finance India, emphasized India’s growing influence globally, highlighting its leadership in the ‘Global South’ with a focus on development, self-reliance, and autonomy.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.