In a recent report by renowned brand consultancy Interbrand, TCS and Reliance Industries have emerged as the top brands in India. TCS secured the first position on the 2023 list of the 50 Most Valuable Indian Brands, with a brand value of ₹1.09 lakh crores. With a brand value of ₹65,320 crores, Reliance Industries, owned by billionaire Mukesh Ambani, took second place.
Everything about India’s Most Valuable Brands as per Interbrand Report!
The report also highlighted the inclusion of Jio, the telecom and digital unit of Ambani’s group, in the top five with a brand value of ₹49,027 crores. Interbrand emphasized that its Best Indian Brands report, now in its 10th year, has become the definitive guide to the nation’s brand landscape since its inaugural publication in 2014. This year’s edition showcased remarkable growth, with a total list value of ₹8.3 lakh crores (USD 100 billion), marking a significant 167% increase over the past decade.
Notably, this is the first time the total value of the brands has surpassed the USD 100 billion mark. Infosys, an IT company, secured the third position with a brand value of ₹53,323 crores. According to Interbrand, the top three brands account for a startling 46% of the top ten brands’ total value, while the top five brands as a group account for 40%. Jio came in second, and HDFC was third. Airtel, Life Insurance Corporation, State Bank of India, Mahindra, and ICICI are among the top 10 brands that are notable. Interbrand also noted the historical significance of this year, as three technology brands secured positions in the top five for the first time in the past decade.
The report further analyzed the fastest-growing sectors over the last ten years. FMCG showed a remarkable compound annual growth rate (CAGR) of 25%, followed by infrastructure and home building at 17% and technology at 14%. Over the past ten years, the technology industry has surpassed diversified sectors as the largest provider of brand value. The top 10 brands performed extremely well on Trust, Distinctiveness, and Empathy, three of Interbrand’s Brand Strength Factors.
Interbrand revealed that the combined brand value of the top ten brands, totalling ₹4.9 lakh crores, surpasses the combined value of the remaining 40 brands on the list, amounting to ₹3.3 lakh crores. Although the financial services industry continues to have the most names on the list, with nine representations, the home construction and infrastructure industry has seen tremendous development, with seven brands joining the list since 2014.