Srinagar: HDFC Bank has retained its No. 1 spot for the fifth consecutive year in WPP and Kantar Millward Brown’s BrandZ Most Valuable Indian Brands list, clocking 21 per cent growth to $21.7 billion.
In the report, HDFC tops with two new entrants – Life Insurance Corporation and Tata Consultancy Services. LIC was values at $19.8 billion, while TCS was valued at $15 billion.
“HDFC Bank has retained its No. 1 spot for the fifth consecutive year with a rise of 21% to a brand value of $21.7 billion. The bank has built a reputation for its sustainable livelihood initiative by introducing smaller loans worth as little as $175 that can be accessed via its bank branches,” the report said.
“Insurance brand LIC comes in at No. 2 ($19.8 billion) thanks to the key role played by its pension plan business whilst Tata Consultancy Services ranked No. 3 ($15.0 billion), having leveraged digital technologies to drive growth and business transformation,” it said.
The report also added that there are 7 new entrants in the top 15 list this year.
Another expected entrant is Mukesh Ambani’s Reliance Jio. Couple of months after its launch, Jio rushed to the 11th spot. This year it breached the top 10 list.
The top 10 spots were occupied by HDFC, LIC, TCS, Bharti Airtel with $11.4 billion, State Bank of India with $7.8 billion, Maruti Suzuki with $6.9 billion, Kotak Mahindra Bank with $6.6 billion, Asian Paints with $6.1 billion, ICICI Bank with $4.8 billion and Reliance Jio with $4 billion.
