The total value of India’s top 100 brands has increased by 2 per cent, from $162.1 billion in 2020 to $164.9 billion in 2021, according to the latest Brand Finance India 100 2021 report. This uplift in brand value over the course of the first year of the pandemic is an impressive feat given the global economic crisis following the implementation of national lockdowns in March 2020, when business activity was brought to a halt, affecting both production and consumption.
Among the brands that came on the top of the list include Tata Group, Reliance Industries, and Mahindra Group. In BFSI, HDFC Bank took over State Bank of India as the best financial brands. Tata Group has retained the title of India’s most valuable brand by a considerable lead with a brand value of $21.3 billion. Operating in more than 100 countries across six continents and employing over three-quarters of a million people, TATA Group is a force to be reckoned with on the global stage, said the report. With 30 companies under the TATA Group umbrella, ranging from Tata Steel and Tata Motors to TCS and Tata Consumer Products, the brand has managed to protect itself from COVID-19 damage – this year recording a 6 per cent uplift in brand value.