The Tata Group continues to dominate as India’s most valuable brand, boasting a brand value of USD 28.6 billion, reflecting a 9% increase from the previous year. This remarkable growth positions Tata on the brink of becoming the first Indian brand to surpass the USD 30 billion mark.
Leading Brands and Rankings
Following Tata Group, Infosys ranks as the second most valuable company in India. The HDFC Group, propelled by its merger with HDFC Ltd, secures the third spot, marking its ascent in the rankings. Taj stands out as India’s strongest brand, achieving a remarkable Brand Strength Index (BSI) score of 92.9 out of 100, and earning a prestigious AAA+ ranking.
Sectoral Growth
The telecom sector experienced a staggering 61% increase in brand value, driven by industry giants like Jio, Airtel, and Vi. The banking sector also saw substantial growth, with a 26% rise, positioning the State Bank of India (SBI) as the second most important bank in the country.
Fastest Growing Brands
Westside emerged as the fastest-growing brand, with an impressive 122% surge in brand value. Motherson followed closely with an 86% increase, and Sonata Software recorded an 83% rise. In the IT sector, Hexaware experienced the highest growth, with a 20% increase in brand value. Enhanced investment in manufacturing and infrastructure contributed to a 16% growth in the mining, iron, and steel sectors. Companies like Zetwerk have become prominent players, with Zetwerk now ranked as the second most valuable engineering brand, valued at USD 543 million.
Aviation and Emerging Brands
Indigo Airlines marked a significant milestone with a 26% rise in brand value, crossing the USD 1 billion mark. Emerging players such as HMEL and CIEL HR have also made substantial contributions to the evolving market landscape.
Global Influence and Strategic Focus
Ajimon Francis, Managing Director of Brand Finance India, highlighted India’s increasing global influence, particularly within the “Global South.” He emphasized key themes such as development, independence, and freedom. Aligned with these principles, India is rapidly becoming a hub for manufacturing, engineering services, and research and development. Companies like Tata, Infosys, SBI, and Airtel exemplify global leadership in these areas.
Top 10 Most Valued Brands in India 2024
- Tata Group
- Infosys
- HDFC Group
- LIC Group
- Reliance Group
- SBI Group
- Airtel
- HCLTech
- Larsen & Toubro Group
- Hindustan Petroleum
The continued growth and success of Tata Group and other leading Indian brands underscore the nation’s evolving economic landscape and its rising prominence on the global stage. As these brands continue to expand and innovate, India solidifies its position as a key player in the global market.