Tata Leads as India’s Most Valuable Brand, Grows 9%

July 2, 2024

Tata Group is still India’s most valuable brand, with a value of US$ 28.6 billion, which is 9% more than the previous year. With this kind of progress, Tata is almost ready to become the first Indian brand to be worth more than $30 billion.

Leading Brands and Rankings

The second most valuable company is Tata Group, followed by Infosys. The third most valuable company is the HDFC Group, which moved up to second place after merging with HDFC Ltd. Notably, Taj is known as India’s strongest brand, with an impressive Brand Strength Index (BSI) score of 92.9 out of 100 and a AAA+ ranking.

Sectoral Growth

Brand value grew by an amazing 61% in the telecom business, mostly thanks to big names like Jio, Airtel, and Vi. The banking industry also grew by a big 26%, and State Bank of India (SBI) became the second most important bank in the country.

Fastest Growing Brands

Westside became the fastest-growing brand, with a 122% rise in its brand value. Motherson comes in second with an 86% rise, and Sonata Software comes in third with an 83% rise. In the IT field, Hexaware had the most growth, with a 20% rise in brand value. Because more money is being put into manufacturing and infrastructure, the mining, iron, and steel businesses have grown by 16%. Companies like Zetwerk have become major players; in fact, Zetwerk is now the second most valuable engineering name, worth $543 million.

Aviation and Emerging Brands

A 26% rise in brand value has made Indigo Airlines worth more than $1 billion, which is a big deal. New players in the market, like HMEL and CIEL HR, have also made big changes to the scene.

Global Influence and Strategic Focus

The managing director of Brand Finance India, Ajimon Francis, talked about India’s growing impact around the world, especially in the “Global South.” He focused on ideas like development, independence, and freedom. In keeping with these ideas, India is quickly becoming a popular place for manufacturing, engineering services, and research and development. Companies like Tata, Infosys, SBI, and Airtel are examples of global leaders in these fields.