Indian conglomerate Tata Group has topped the table in the 2017 Best Indian Brands Report released by brand consultancy firm Interbrand India.
The salt-to-software conglomerate has topped the brand league table for the fifth consecutive year and its brand valuation stands at Rs 73,944 crore, despite registering a marginal 0.4 decline this year.
Mukesh Ambani-led Reliance Industries pipped telecom major Airtel to grab the second spot, driven by the launch of Jio. Reliance Industries brand is valued at Rs 38,212 crore, a growth of 9 percent this year, while Airtels brand value stood at Rs 36,927 crore, with a growth of 5 percent.
HDFC and state-owned insurer Life Insurance Corporation (LIC) occupied the fourth and fifth slot. Both registered a growth of 9 percent in brand valuations and HDFCs brand valuation stood at Rs 26,205 crore, while LICs brand valuation was Rs 25,774 crore.
Country's largest lender State Bank of India, Infosys, Mahindra, ICICI and Godrej rounded out the top 10.
SBIs brand valuation grew 7 percent at Rs 24,775 crore, while that of Infosys (Rs 23,291 crore) and Mahindra (Rs 16,915 crore) grew at 1 percent and 8 percent, respectively.
ICICI witnessed an erosion of 3 percent in its brand valuation at Rs 16,165 crore, while Godrej grew 3 percent to touch Rs 15,867 crore.
The total brand value of the top 10 brands, over the last 4 years has grown by 25 percent, while this year, the brand value grew by 4 percent.
The list of the top 40 included new entrants like Royal Enfield and Ambuja Cements. The Top 40 Indian brands have a combined total value of Rs 4,75,570 crore, an increase of 5 percent from 2016.
The table was dominated by certain categories and more than half of the best Indian brands came from five sectors -- automotive, diversified, financial services, telecom, and technology.
Diversified businesses made up 40 percent of the total brand value of this years Best Indian Brands table (Rs 1,92,240 crore), while financial services formed 27 percent of the value (Rs 1,26,140 crore).
"The top growing Best Indian Brands have begun to understand and demonstrate the levers that drive growth and value. Maruti Suzuki, our top growing brand for the second year in a row (posting a growth of 19 percent this year), has done an exemplary job with Reliance, Kotak, JSW, HDFC and Ashok Leyland not far behind," Interbrand India Managing Director Ashish Mishra said.
However, there are no Indian brands in Interbrands Best Global Brands league table.