Interbrand, a brand consultancy, has released its 2019 Best Indian Brands Report.
Tata, Reliance, and Airtel were again the three most valuable Indian brands of 2019, with Tata continuing to hold the top position this year with its Brand Value growing by 6.5%, contributed significantly by its tech services business TCS. Reliance consolidated its No. 2 position with a growth in Brand Value of 12% and the phenomenal growth of JIO. HDFC Bank, LIC, State Bank of India, Infosys, Mahindra, ICICI Bank and Godrej round off the Top 10.
Financial services and automotives were the dominant sectors in this year’s Top 40, contributing 27% and 13% of value, while Retail also made its presence felt. Auto brands Royal Enfield, Bajaj Auto, Ashok Leyland, Hero, Maruti Suzuki and Mahindra demonstrated higher than average growth while Tanishq, Royal Enfield, Kotak, Bajaj Auto, Ashok Leyland and Britannia were amongst the fastest growing brands.
This year’s table also featured three new entrants: Big Bazaar at #33 (INR 26.86 bn), DMart at #37 (INR 20.15 bn) and Nerolac Paints entering the table at #39 (INR 19.19 Bn) for the first time.
Reliance Group (R-ADAG; last on in 2017, INR 46.56 bn) and Canara Bank (last on in 2017, INR 19.73 bn) exited the listing this year.
The combined value of the Top 40 brands is INR 5.03 tn, representing a 5.2% growth in value over the previous year.
Now in its second year, Interbrand’s Best Sri Lankan Brands will be launched soon.