Tata, LIC, Infosys, SBI, and Mahindra are among the top 10 Indian corporate brands

The Life Insurance Corporation of India (LIC) is the second most valued brand in India at $7.3 billion. The company increased its value by 22.8% to jump from 4th position last year.

LIC is the largest insurance company in India. It’s owned by the Indian government and headquartered in Mumbai. It has been operational for over six decades now.

And, it’s not only limited to the Indian market. LIC has global partnerships operation in Fiji, London, Sri Lanka, Nepal, Bahrain and Saudi Arabia.

Infosys is the third most valued brand in India and, like TCS, it’s an IT services provider. The company’s has maintained its position from last year and its value appreciated by 7.7% to $6.5 billion.

In the last financial year, Infosys’ overall revenues grew by 9% and digital revenue was a key driver as it grew by 30%.

.

India’s largest and oldest commercial bank, the State Bank of India, is the country’s fourth most valued brand. In fact, it has moved up from 6th position last year with its value increasing by 34.4% to reach $5.97 billion.

The Mahindra Group is the fifth most valued brand in India jumping a whopping 6 ranks from 11th position last year. The company’s value has gone up by 35.5% hitting $5.3 billion

From farm tractors to financial services to IT services, Mahindra Group is going from strength to strength, its brand value growing 35% to$5.3 billion and thus sealing its position in the top 5 for the first time. Mahindra Group has been making strong inroads into the US markets, as it harbours strong global ambitions.

HDFC Bank went from being 8th last year to coming in sixth this year. The feat was only possible because its value jumped up by 19% to hit $4.8 billion.

HDFC, along with SBI, are the only two banks in the top 10 most valued brands in India. But, ICICI only just missed out at $3.9 billion. Even though SBI has more brand value, HDFC was voted as the most trusted by bank in India by Forbes Magazine’s list of the world’s best banks.

It’s a relatively new bank in comparison to SBI and was only incorporated in 1994. As of now, HDFC’s banking network extends to 5,103 branches and is planning to add another 25 new branches in Gujarat.

Despite the price war in India’s telecom sector and Reliance Jio’s growing might, Bharti Airtel is the only network operator to make into the top 10 most valued brands in India. But the pressure can be seen in the company’s fall from bring the second most valued brand last year, to being the 7th most valued brand.

It’s value has decreased by 28.1% dipping to $4.8 billion.

Airtel currently operates in 18 countries across Asia and Africa with over 403 million customers as of March 2019.

It should be noted that Airtel’s value doesn’t depend on mobile networking alone. It also has a digital television service, broadband services, and IT services for enterprises.

HCL Technologies, another IT services company from India, made it to the coveted list. Even though it dropped from being the fifth most valued brand last year, its value has still appreciated by 1.7% to reach $4.5 billion.

HCL currently has operations running in 44 countries recording $8.6 billion in revenue during the last financial year

Mukesh Ambani’s Reliance Industries (RIL) has maintained its position as the 9th most valued brand in India at $4.5 billion, which is an increase of 12.4% from the company’s value last year.

It should be noted that Reliance Jio, Reliance Retail, Ajio, foreign brands — like the recently purchased Hamleys, Vimal, and Reliance Gas all fall under the its umbrella

.

Wipro rose from being 13th last year to just making the cut off into the top 10 list in India, at $4 billion.

According to Brand Finance’s IT services annual report, its the 3rd fastest growing global IT services brand in 2019 recording an increase of 25% in brand value and an AA+ brand rating.