The Tata Group of companies was the most valuable brand in India with a value of around 28.6 billion U.S. dollars in 2024. At about 14 billion dollars, Infosys came second in the ranking, followed by HDFC Bank. Tata Group's dominance in the market was evident with its brand value being much higher than Infosys and HDFC Bank put together.
Brand value versus brand strength
While brand revenue is an important indicator for a company, the brand strength index is a crucial driver of the brand value. Also known as BSI, the brand strength index is calculated using a scorecard of metrics assessing the company's marketing investment, stakeholder equity and overall business performance. On that front India’s telecom services disruptor, Reliance Jio, was the country’s strongest brand in 2019 with a brand strength index of 87 points out of 100. Part of the Reliance Group, Jio was a new entrant in the listing, and yet managed to be the biggest contender to other more established brands in the country.
The strongest brands lie in engineering
With Jio’s challenging lead, the telecom sector rounded up the ten most valueable brands in India. Engineering and construction companies took over 17 percent of the total brand value share, while the banking sector claimed stakes to 15.4 percent of the Indian market. Globally, the Italian luxury sports car manufacturer, Ferrari claimed the title of the world’s strongest brand, with a score of 94.8 out of 100 and an AAA+ rating.
Leading 10 Indian brands in 2024, by brand value
(in billion U.S. dollars)
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Brand Finance. (June 27, 2024). Leading 10 Indian brands in 2024, by brand value (in billion U.S. dollars) [Graph]. In Statista. Retrieved September 19, 2024, from https://www.statista.com/statistics/254552/leading-indian-brands-by-brand-value/
Brand Finance. "Leading 10 Indian brands in 2024, by brand value (in billion U.S. dollars)." Chart. June 27, 2024. Statista. Accessed September 19, 2024. https://www.statista.com/statistics/254552/leading-indian-brands-by-brand-value/
Brand Finance. (2024). Leading 10 Indian brands in 2024, by brand value (in billion U.S. dollars). Statista. Statista Inc.. Accessed: September 19, 2024. https://www.statista.com/statistics/254552/leading-indian-brands-by-brand-value/
Brand Finance. "Leading 10 Indian Brands in 2024, by Brand Value (in Billion U.S. Dollars)." Statista, Statista Inc., 27 Jun 2024, https://www.statista.com/statistics/254552/leading-indian-brands-by-brand-value/
Brand Finance, Leading 10 Indian brands in 2024, by brand value (in billion U.S. dollars) Statista, https://www.statista.com/statistics/254552/leading-indian-brands-by-brand-value/ (last visited September 19, 2024)
Leading 10 Indian brands in 2024, by brand value (in billion U.S. dollars) [Graph], Brand Finance, June 27, 2024. [Online]. Available: https://www.statista.com/statistics/254552/leading-indian-brands-by-brand-value/