Tata Group has retained its position as India’s most valuable brand. While Infosys and HDFC Group have been ranked second and third respectively in the Brand Finance report. According to the latest report of brand valuation consultancy ‘Brand Finance’, the brand value of Tata Group, which is active in diverse business sectors, has increased by nine percent to $ 28.6 billion. According to a statement, Tata Group is the first Indian brand which is getting close to achieving a brand valuation of $ 30 billion.
Infosys is in second place
Information Technology (IT) company Infosys has also achieved strong growth with a growth of nine percent. Despite the slowdown in the global IT services sector, its brand value has been estimated at $ 14.2 billion. HDFC Group has become the third largest Indian brand with a valuation of $ 10.4 billion. HDFC has gained strength after its merger with housing finance company HDFC Limited last year. According to the report, the brand value of banking units has increased in double digits. Among these, Indian Bank, IndusInd Bank and Union Bank are at the forefront.
Taj is the best Indian brand
The telecom sector has seen the highest growth in brand value at 61 per cent, followed by banking (26 per cent) and mining, iron and steel sectors, which recorded an average growth of 16 per cent. “Telecom companies such as Jio, Airtel and Vodafone Idea have driven growth by evolving consumer device usage patterns. Structural reforms and regulatory reforms in the banking sector have enhanced the brand value of leading public sector banks,” the report says. Brand Finance said Tata Group’s hospitality brand Taj continues to strengthen its position as the best Indian brand.
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