Tata becomes the most valuable Indian brand, valued at $24 billion, with Infosys a distant second

Despite the COVID-19 impact during the previous two years, top Indian brands showed strong growth in brand values in 2022.

Tata Group retained its top spot as the most valuable brand, with a value of $24 billion. This year, the brand value of the corporation increased by 12%.

According to a report by brand valuation consultancy Brand Finance, the Tata group improved its strategic business and leadership objectives with brand building activities around the world. In its annual Brand Finance India 100 rating, it compiles a list of India's top 100 most valuable and powerful brands.

With a 52 percent growth in brand value to $12.8 billion, Infosys is the second most valuable Indian brand. According to the analysis, the Infosys brand grew significantly during the pandemic, with its brand value rising by 80 percent from pre-pandemic levels to its current level.

While LIC's ranking dropped to third this year, its brand value increased by 28 percent to $11.1 billion.With a brand worth of $8.6 billion, Reliance remained in fourth place, up 5%.

Banking, IT services, and telecom are among the industries that have seen significant increases in brand value this year. While the value of banking brands increased by 16 percent this year, the value of IT services and telecom brands increased by 15 percent and 7%, respectively.

In the banking sector, State Bank of India (SBI) emerged as the most valuable brand in South Asia, with a brand value of $7.5 billion, and is India's sixth most valuable brand.

When it comes to the IT services sector, the research claims that 2022 will be a watershed moment for the business, with total revenue exceeding $200 billion and total employment exceeding $5 million. TCS's brand value increased by 12% to $16.7 billion, putting it in the top three most valuable brands in the world.

Accenture, Wipro, HCL, and Tech Mahindra, for example, saw their brand worth rise by 39 percent, 48 percent, 10%, and 30%, respectively. Accenture, Wipro, HCL, and Tech Mahindra have respective brand values of $36.2 billion, $6.4 billion, $6.1 billion, and $3 billion.

Airtel is the most valuable brand in the telecoms business, with a brand value of $7.7 billion, up 28 percent. Jio is ranked second, with a brand value of $5.1 billion, up 5%, while VI is third, with a brand worth of $767 million. According to the report, India is the world's second-largest telecoms market, with 1.16 billion subscribers, and has had rapid development in the last decade.