A full 37 percent accretion to its brand value at USD 19.6 billion has helped the Tata group retain the top slot in the 100 most valuable brands list for the second consecutive year in 2019, which also lists LIC and Infosys as the next two.
The list also mentions the Anil Dhirubhai Ambani group whichhas seen the steepest fall in brand value in the reporting year, plunging awhopping 65 percent to a low USD 559 million, dropping 28 notches to a low 56.
The brand Tata group was valued at USD 14.23 billion in2018, according to a list of the England-based Brand Finance released Tuesday.
“The Tata Group is not only the most valuable brand inthe country, but it has also recorded faster growth than any other top 25brands, with a full 37 percent increase. Its brand presence across auto, ITservices, steel and chemicals continues to go from strength to strength in2019,” the consultancy said.
The national insurer LIC follows the Tatas to occupy thesecond slot, moving up four places with a 22.8 percent jump in its valuation atUSD 7.32 billion. It is followed by software Infosys that has seen itsvaluation going up 7.7 percent to USD 6.50 billion.The State Bank, valued at USD 5.97 billion, up34.4 percent, comes next, followed by the Mahindra group, with a rise of 35.5percent in value at USD 5.24 billion, and HDFC Bank with a valuation of USD4.84 billion is at the sixth slot, as it valuation jumped 19 percent.