Neither Reliance Group nor Adani Group, this is the most valuable brand of India at Rs 2.3 lakh crore

Mukesh Ambani and Gautam Ambani might be contesting for the position of Asia’s richest man but when it comes to the most valuable brand of India, no one can beat Ratan Tata.

Tata Group has maintained its position as India’s most valuable brand, with a value of $28.6 billion (Rs 2.3 lakh crore), marking a 9 percent increase from the previous year. Infosys secures the second spot, while HDFC Group has surged to third place in the 'India 100 2024' ranking by Brand Value. The annual report evaluates over 250 Indian brands across various sectors to determine their brand value and market influence.

According to Brand Finance's report, Tata Group is nearing the $30 billion (Rs 2.5 lakh crore) mark in brand value, a milestone never before achieved by an Indian brand. HDFC Group's ascension to the third position was driven by its significant merger with HDFC Ltd., enhancing its brand value and consolidating its position in the financial sector. This underscores HDFC Group's strong performance and strategic growth initiatives in the industry.

Why is Tata Group the most valued company in India?

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Tata Group's strong performance is credited to its strategic initiatives and extensive growth efforts. Savio D’Souza, director at Brand Finance, remarked on the ranking, stating, “In the past three years, Tata Group has undertaken comprehensive organizational improvements, fully embracing digital transformation and advanced technology across its diverse businesses.”

Key factors contributing to Tata’s brand strength include sponsorships in the Indian Premier League cricket tournament, rebranding initiatives in the aerospace sector, and the successful retail operations of Westside and Tata Consumer Products.

Also Read:?Why Ratan Tata doesn't feature among the world's richest people

Tata owned Taj hotel brand has been ranked as the strongest business brand

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According to the Brand Finance India 100 2024 report, Tata Group’s Taj hotel brand has been recognized as the strongest Indian brand. The telecom sector led with a remarkable 61% growth in brand value, followed by banking at 26%, and the mining, iron, and steel sectors recording an average growth of 16%.

Also Read:?Not Mukesh Ambani or Gautam Adani: Meet India's first private jet owner

Here are the top 10 most valuable brands

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

Interestingly, Mukesh Ambani’s Reliance Industries is the country’s most valued firm by market cap. Reliance’s value stands at Rs 21 lakh crore.

Mukesh Ambani led Reliance Industries is India's most valued firm by market capitalisation.