Tata and Reliance-led by a robust performance from TCS and Jio respectively are the top two most valuable brands of 2019 followed by Airtel at the third spot, Interbrand’s latest ranking of India’s top 40 brands showed.
Tata and Reliance-led by a robust performance from TCS and Jio respectively are the top two most valuable brands of 2019 followed by Airtel at the third spot, Interbrand’s latest ranking of India’s top 40 brands showed. The companies that made exit this year are Anil Ambani’s Reliance Group (R-ADAG) and Canara Bank.
The list, which previously was dominated by the automotive, diversified businesses and financial services sectors, sees retail companies making their presence felt in its sixth edition. Interband had released its last list of top Indian brands in November 2017.
While tech services major TCS helped Tata to retain top spot, even as the brand value grew by a mere 6.5 per cent, Jio’s phenomenal growth supported Reliance to consolidate its ranking at the second place after it took over the spot from Airtel last year, Interband said.
HDFC Bank, LIC, State Bank of India, Infosys, Mahindra, ICICI Bank and Godrej are others in the top 10.
The news entrants on the list include Big Bazaar at 33 (Rs 26.86 billion), DMart at 37 (Rs 20.15 billion) and Nerolac Paints at 39 (Rs 19.19 billion).
The 40 brands featuring on the list hold a combined value of Rs 5.03 trillion. The fastest growing brands include Tanishq, Royal Enfield, Kotak, Bajaj Auto, Ashok Leyland and Britannia.
“To reinvent themselves before they reinvent their categories. And remain unafraid of the change to drive brave growth. That, in sum, is the secret behind this year’s Top 40’s success”, said Ashish Mishra, Managing Director, Interbrand India.