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    Home » Tata Consultancy Services Emerges as India’s Richest Brand with a Staggering Valuation of ₹4 Lakh Crores
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    Tata Consultancy Services Emerges as India’s Richest Brand with a Staggering Valuation of ₹4 Lakh Crores

    Shehnaz BeigBy Shehnaz BeigSeptember 20, 2024Updated:September 22, 2024No Comments2 Mins Read
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    Tata Consultancy Services Emerges as India’s Richest Brand with a Staggering Valuation of ₹4 Lakh Crores
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    Tata Consultancy Services (TCS) has once again solidified its position as India’s most valuable brand, according to the latest Kantar BrandZ report. With a brand valuation of an impressive $49.7 billion (around ₹4 lakh crores), TCS has claimed the top spot for the third consecutive year. The company’s ongoing investment in innovation, particularly in digital transformation and artificial intelligence (AI), has significantly contributed to its growth.

    1. TCS Leads India’s Top 5 Brands by a Significant Margin

    The report highlighted TCS’s dominance in the Indian market, with a 16% increase in its brand value from the previous year. Following closely behind is HDFC Bank, which secured the second spot with a valuation of $38.3 billion. Other major brands in the top five include Airtel, Infosys, and the public-sector giant State Bank of India (SBI).

    2. Growing Financial Services Brands

    India’s financial services sector is making a strong impact, with a total of 17 brands contributing to 28% of the overall brand value. Apart from HDFC Bank and SBI, ICICI Bank also ranks high, coming in at sixth place with a brand value of $15.6 billion. The insurance behemoth LIC holds the 10th spot with a valuation of $11.5 billion.

    3. Zomato Surges with Fastest Brand Growth

    One of the most remarkable stories in this year’s rankings is Zomato, the popular food delivery platform. Zomato’s brand value has surged by 100%, bringing its total to $3.5 billion, and it now holds the 31st position. This massive growth is attributed to its innovations in quick deliveries and its expanded reach across India.

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    4. Automotive Brands Making an Impact

    In the automotive industry, Maruti Suzuki maintains its stronghold, ranking 17th on the list. Bajaj Auto follows closely at 20th position, while Mahindra & Mahindra experienced a significant 78% growth in brand value, securing the 30th spot.

    5. India’s Top 75 Brands Show Impressive Growth

    The joint valuation of India’s top 75 brands reached $450.5 billion this year, a 19% increase from the previous year. This shows that Indian brands across sectors are experiencing accelerated growth. The Kantar BrandZ report, based on insights from over 1.41 lakh participants and data from 1,535 brands, reflects the strength of Indian companies in sectors like finance, technology, and consumer services.

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    Shehnaz Beig
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    Shehnaz Ali Siddiqui is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing around Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.

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