Tata Group is India’s Most Valuable Brand: Report

Tata Group has maintained its position as India’s most valuable brand with a value of US$ 28.6 billion, marking a 9% increase from last year. Infosys ranks second, and HDFC Group has surged to third place following its merger with HDFC Ltd. Tata Group is on the verge of becoming the first Indian brand to reach the US$ 30 billion mark. Taj remains India’s strongest brand, with a Brand Strength Index (BSI) score of 92.9 out of 100 and an AAA+ rating. The telecom sector experienced a 61% growth in brand value, driven by Jio, Airtel, and Vi, while the banking sector reported a 26% increase, with SBI as India’s second most valuable bank.

Fastest Growing Brands

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 saw a 16% growth due to infrastructure and manufacturing investments.

Notable Performers

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.

India’s Global Influence

Ajimon Francis, managing director of Brand Finance India, emphasized India’s growing global influence, highlighting its leadership in the ‘Global South’ with a focus on development, self-reliance, and autonomy. India is becoming a prime destination for manufacturing, engineering services, and R&D, with brands like Tata, Infosys, SBI, and Airtel excelling globally.

Top 10 Most Valued Brands in India 2024

1. Tata Group
2. Infosys
3. HDFC Group
4. LIC Group
5. Reliance Group
6. SBI Group
7. Airtel
8. HCLTech
9. Larsen & Toubro Group
10. Hindustan Petroleum