According to the Brand Finance’s India 100 2024: The annual report on the most valuable and strongest Indian brands June 2024, TATA Group retained the Number 1 position in the Brand Value Ranking 2024 with a 9% growth in brand value to USD 28.6 billion. TATA Group, the most valuable brand in India, became the 1st Indian brand to near a USD 30 million brand value mark.
- Infosys continues to retain its 2nd spot, with a steady 9% growth in brand value (USD 14.2 billion), followed by HDFC Group in the 3rd spot with a brand value of USD 10.4 billion.
- Taj retains its reputation as the strongest Indian brand for the 3rd consecutive year with a AAA+ brand strength rating.
Note: Brand Finance is a London (United Kingdom – UK)-based independent brand valuation consultancy that evaluates and ranks brands across sectors and countries.
About the Report:
i.Brand Value Report provides a complete breakdown of the assumptions, data sources, and calculations used to determine the brand’s value and brand equity research.
ii.It is the culmination of an objective assessment of over 250 Indian brands, spanning many sectors including, hospitality, automotive, pharma, etc.
Top 5 Most Valuable Indian Brands – 2024:
| Rank | Brand | Sector | Brand Value (USD billion) |
|---|---|---|---|
| 1 | Tata Group | Diversified | 28.6 |
| 2 | Infosys | IT Services | 14.2 |
| 3 | HDFC Group | Banking | 10.4 |
| 4 | Life Insurance Corporation of India (LIC) | Insurance | 10.1 |
| 5 | Reliance Industries Limited (RIL) | Oil & Gas | 8.4 |
Top 5 Strongest Indian Brands 2024:
| Rank | Brand | Brand Strength Index (BSI) score (out of 100) |
|---|---|---|
| 1 | Taj | 92.9 |
| 2 | Amul | 91.0 |
| 3 | LIC | 88.0 |
| 4 | Britannia | 88.0 |
| 5 | State Bank of India (SBI) | 87.9 |
Sustainability Perceptions Value:
i.Brand Finance also uses its Global Brand Equity Monitor (GBEM) research to compile a Sustainability Perceptions Index.
ii.Tata Group leads the 2024 Sustainability Perceptions Index with the highest Sustainability Perceptions Value of USD 4 billion.
iii.In assessing the gap between sustainability perceptions and performance, HDFC Bank has the highest positive gap value of USD 105 million among Indian brands in the rankings.
Points to note:
i.Mahindra with a brand value of USD 3.4 billion, leads the Indian auto brand landscape. Bajaj Auto recorded a significant 15% growth, reaching a brand value of USD 2.3 billion.
ii.HDFC Bank ranked as the No. 1 banking brand, with a brand value growth of 38%.
- Indian Bank (USD 719 million), IndusInd Bank (USD 1.3 billion), Union Bank of India (USD 1.5 billion), and Punjab National Bank (PNB) (USD 1.4 billion), are among the fastest-growing Indian banking brands.
iii.Tata Consultancy Services (TCS) ranked 1st Information Technology (IT) Services brand, with a brand value up 11% to USD 19.2 billion.
iv.Tata Steel retains its top rank in the Mining, Metals and Minerals sector, with a 28% brand value increase to USD 2.9 billion.
- JSW Steel is the fastest-growing metals brand with a 77% growth in brand value of USD 1.1 billion.
v.Westside (Retail) tops the list as the fastest-growing brand in India with 122% brand value growth, ahead of Motherson (Auto Components) (86%),and Sonata Software (IT Services) (83%).
vi.The Telecoms sector achieves 61% growth in brand value, followed by Banking (26%) and Mining, Iron & Steel sectors recording 16% average growth.
Some Most Valuable Indian Brands in 2024 (Various Sectors):
| Category | Brand |
|---|---|
| Most Valuable Food and Drink Sector | Amul |
| Most Valuable Building Materials Sector | Ultratech Cement |
| Most Valuable Manufacturing and Engineering Sector | Larsen & Toubro (L&T) |
| Most Valuable Hotel Sector | Taj Hotels |
| Most Valuable Insurance Sector | LIC |
| Most Valuable Oil & Gas Sector | Indian Oil Corporation Ltd (IOCL) |
| Most Valuable Tyre Brands | MRF Tyres |
Standout Performances in India Brand Value Analytics 2024:
i.Raymond, a leading Indian apparel brand records a 12% brand value increase to USD 305 million.
- Raymond entered the rankings of the top 10 strongest brands in India for the 1st time, securing a Brand Strength Index (BSI) rating of AAA-.
ii.Zetwerk Manufacturing company makes a debut in the India 100 2024 report by securing the 64th rank as the most valuable Indian brands.
- It also secured the 2nd most valuable engineering brand with a brand value of USD 543 million.
iii.Indigo ranked as the most valuable airline brand in India, achieving a 26% brand value increase.
- Indigo is India’s 1st airline brand to surpass the USD 1 billion mark brand value (USD 1.1 billion).
iv.The National Stock Exchange India (NSE India) retains its position as a leading player both in India and on the global stage and has improved its position by 12 ranks in 2024. In 2023, it ranked 91.
- NSE India has seen significant growth in its brand value with a 40% Year-on-Year (Y-o-Y) increase to reach USD 378 million.
Recent related News:
As per the 18th Global 500 2024 annual report by Brand Finance, Indian billionaire Mukesh Ambani-led Reliance Jio continues to be India’s top and strongest brand, ranked 17th among the world’s strongest brands in 2024, with a Brand Strength Index (BSI) of 88.9 out of 100.
About Brand Finance:
Chairman & Chief Executive Officer (CEO)- David Haigh
Managing Director (MD) of Brand Finance India– Ajimon Francis
Headquarters– London, The United Kingdom(UK)
Established-1996
