New Delhi [India], June 1 (ANI): Global brand consultancy Interbrand released the list of India’s top 50 most valuable brands earlier this week. The latest edition of the Best Indian Brands report showed significant growth with a total inventory value of USD 100 billion at 8,310,057 million, marking a significant growth of 167 percent over the past decade.
Notably, this is the first time that the total value of the table has crossed the US$100 billion mark.
The report lists 10 brands that it ranked at the forefront. They are TCS, Reliance Industries, Infosys, HDFC, Jio, Airtel, LIC, Mahindra, State Bank of India and ICICI Bank.
Among these, HDFC’s brand value increased the most by 224 per cent to Rs 502,910 million, followed by Infosys, Mahindra, TCS and Reliance Industries.
The top three brands alone account for 46 per cent of the total value of the top ten brands. Additionally, the top five brands collectively contributed 40 per cent to the overall value.
“This year marks a historic moment, as three technology brands secure positions in the top five for the first time in over a decade. The top ten brands in the table achieved notable scores across Interbrand’s three brand strength factors: trust, specificity and empathy,” it said.
TCS, Infosys and Jio are the three technology brands in the top 5.
Examining the fastest growing sectors over the last ten years, it was noted that FMCG exhibited an impressive compound annual growth rate (CAGR) of 25 per cent, followed by housing and infrastructure at 17 per cent and technology at 14 per cent .
“This year’s Best Indian Brands event highlighted the remarkable concentration of brand value among the top three and top five brands, demonstrating their strong influence on the overall landscape. Ashish Mishra, CEO, Interbrand India and South Asia, said, “It is an extraordinary moment to see the ascent of technology brands, securing a prominent position in the top five after a decade. (ANI)
This report has been auto generated from ANI News Service. ThePrint is not responsible for its content.