Kantar has released a list of 75 most valuable Indian brands and the results are very interesting. The study reveals that the country’s top 75 brands have a combined brand value of $379 billion, with a decrease of 4% as compared to 2022.
According to the report, TCS is India’s most valuable brand for the second consecutive year with a whopping valuation of US $43 billion. The other leaders in this list are HDFC Bank, Infosys, Airtel and State Bank of India.
Here are some key takeaways about Indian brands from Kantar BrandZ 2023 report:
- India’s Automobile industry has given two fastest risers namely- TVS ($1.90bn) and Mahindra ($2.01bn). These both have gained 59% and 48% respectively in value.
- Telecom sector has also performed well with a 17% rise in total brand value. Whereas, the value of Financial Services brands increased 6%. Also, two new entrants (PhonePe and Cred) of this year’s report belong to the Fintech sector. ShareChat and Star are the other two new entrants in this year’s list.
As per the report, below are the top 10 companies according to brand value:
|Rank||Brand Brand Value 2023 ($M US)|
|1||Tata Consultancy Services 42,869|
|2||HDFC Bank 33,612|
|5||State Bank of India 14,483|
|6||ICICI Bank 12,976|
|7||Asian Paints 12,839|
|9||Kotak Mahindra Bank 10,332|
|10||HCL Tech 9,361|
You can read the complete report here
Also Read: Kantar Report: Parle Reigns As India’s Top FMCG Brand
(this story has not been edited by TSA Mag staff and is published from a syndicated feed.)