Despite the COVID-19 impact during the previous two years, top Indian brands showed strong growth in brand values in 2022. Tata Group retained its top spot as the most valuable brand, with a value of $24 billion.
This year, the brand value of the corporation increased by 12%
According to a report by brand valuation consultancy Brand Finance, the Tata group improved its strategic business and leadership objectives with brand building activities around the world. In its annual Brand Finance India 100 rating, it compiles a list of India’s top 100 most valuable and powerful brands.
Infosys, second most valuable Indian brand
With a 52 percent growth in brand value to $12.8 billion, Infosys is the second most valuable Indian brand. According to the analysis, the Infosys brand grew significantly during the pandemic, with its brand value rising by 80 percent from pre-pandemic levels to its current level.
LIC, third most valuable Indian brand
While LIC’s ranking dropped to third this year, its brand value increased by 28 percent to $11.1 billion.With a brand worth of $8.6 billion, Reliance remained in fourth place, up 5%.
Other industries with increased value this year
Banking, IT services, and telecom are among the industries that have seen significant increases in brand value this year. While the value of banking brands increased by 16 percent this year, the value of IT services and telecom brands increased by 15 percent and 7%, respectively.
SBI ,sixth most valuable Indian brand
In the banking sector, State Bank of India (SBI) emerged as the top brand in South Asia with a 29 percent growth in brand value, valued at $7.5 billion and is the sixth most valuable brand in India.
When it comes to the IT services sector, the research claims that 2022 will be a watershed moment for the business, with total revenue exceeding $200 billion and total employment exceeding $5 million. TCS’s
brand value increased by 12% to $16.7 billion, putting it in the top three most valuable brands in the world.
Other IT sectors whose brand value increased
Other IT firms like Accenture, Wipro, HCL and Tech Mahindra saw their brand value increase 39 percent, 48 percent, 10 percent and 30 percent respectively. Brand value of Accenture, Wipro, HCL and Tech Mahindra currently stand at $36.2 billion, $6.4 billion, $6.1 billion and $3 billion, respectively.
Airtel, most valuable brand in telecommunication followed by jio
In the telecommunications industry, Airtel ranks number one with a brand value of $7.7 billion, up 28 percent. At rank two is Jio with a brand value of $5.1 billion, up 5 percent, followed by VI with a brand value of $767 million. The report pointed out that India is the world’s second-largest telecommunications market with a subscriber base of 1.16 billion users and has registered strong growth in the last decade.
