Which brand topped as the most valuable brands in India, according to Interbrand 2023?

Solution

According to Interbrand, renowned global brand consultancy Tata Consultancy Services (TCS) and Reliance Industries have topped the list of most valuable brands in the country. According to a report, two brands owned by billionaire Mukesh Ambani – Reliance Industries and digital unit Jio made it to the list of top five most-valuable brands in India. The diversified Reliance Industries with a brand value of ₹65,320 crore became the second most-valuable brand, while telecom and digital unit Jio with a brand value of ₹49,027 crore became the fifth most-valuable company in the country. The brand value of Reliance Industries grew at 121% in the last ten years. Tata Consultancy Services (TCS) retained the top spot as the most valuable brand in the country, with a value of about ₹1.1 lakh crore. IT company Infosys with a brand value of ₹53,323 crore and HDFC with  ₹50,291 crore occupied the third and fourth positions respectively on the list. This year's edition showcases remarkable growth, with a total list value of ₹8.3 lakh crore (USD 100 billion), marking a significant 167 per cent increase over the past decade. This is the first time the total value of the table has surpassed the USD 100 billion mark.