In the face of economic uncertainties, India’s top 75 brands experienced a 4% decline in their collective brand value in 2022, falling to $379 billion, as reported by research firm Kantar.
For the second consecutive year, Tata Consultancy Services (TCS) has secured the top spot in the Kantar BrandZ Top 75 Most Valuable Indian Brands ranking, boasting a formidable brand value of $43 billion. In a report released on Thursday, Kantar revealed that HDFC Bank, Infosys, and Airtel maintained their positions as the second, third, and fourth most valuable brands, respectively. Notably, State Bank of India (SBI) made its debut in the list, signaling its entry into the prestigious ranking.
These rankings are based on the opinions of over 127,634 respondents about 1,500 brands across 106 categories and is for 2022. Kantar assesses the brands based on participation on stock exchanges or privately-owned brands with publicly available financial statements, besides unicorns, based on the most recent publicly accessible valuations.