Tata group and Infosys have topped the list of most valuable companies in India in Brand Finance's annual ranking report. Following the merger, HDFC group climbed to the third position in the list.
“Brand value refers to the present value of earnings specifically related to brand reputation. Organisations own and control these earnings by owning trademark rights,” explains the report published by Brand Finance, a chartered accountancy firm regulated by the Institute of Chartered Accountants in England and Wales.
The India 100 report by Brand Value was curated by assessing over 250 Indian brands spanning across sectors like IT, hospitality, automotives, retail and more.
Tata Group which was at the top last year too has recorded an impressive 9% growth in brand value which is at $28.6 billion. Similarly, Infosys too retained the second spot on the list of most valuable Indian brands with the same 9% growth in brand value of $14.2 billion.
The fourth spot went to LIC Group while Reliance ranked fifth to complete the top 5. SBI Group and Airtel placed sixth and seventh respectively.
Meanwhile, HCL Tech which was at the 10th position last year, jumped two places this year. Larsen & Toubro was a new entrant on the list, securing the ninth spot on the list of the most valuable Indian brands. Mahindra rounded up the top 10.
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