June 2, 2022
2 mins read

Top Indian firms survive post pandemic

Infosys (brand value up 52 per cent to $12.8 billion) has overtaken LIC (brand value up 28 per cent to $11.1 billion) to become the second most valuable Indian brand this year…reports Asian Lite News

Top Indian companies have shown resilience in post pandemic business conditions and TATA Group, with its brand value up 12 per cent to $24 billion, continues to be the most valuable brand in the country, a new report showed on Wednesday.

Taj Hotels (brand value up 6 per cent to $314 million) is the strongest brand in the ranking with a Brand Strength Index (BSI) score of 88.9 out of 100 and a corresponding AAA brand rating, according to leading brand valuation consultancy Brand Finance.

Brands in the banking (brand value up 16 per cent), IT services (brand value up 15 per cent) and telecoms (brand value up 7 per cent) sectors in India achieve high brand value as the economy is recovering from the impact of Covid-19.

Infosys (brand value up 52 per cent to $12.8 billion) has overtaken LIC (brand value up 28 per cent to $11.1 billion) to become the second most valuable Indian brand this year.

“Infosys has shown impressive growth this year, making it the fastest-growing IT services brand globally of 2022, thanks to its commitment to clients and focus on innovation,” the report mentioned.

Reliance (brand value up 5 per cent to $8.6 billion) achieved some marginal brand value growth to retain fourth position, while the State Bank of India (brand value up 29 per cent to $7.5 billion) improved one ranking position to increase from 7th to 6th.

TATA Group retains its top position “as it led by example through the Covid-19 crisis by innovating using technology to reach the masses”.

“The brand strengthened its strategic business and leadership initiatives with brand building activities across the globe. The brand’s growth with sustainable and inclusive actions at its core is the driving force behind brand TATA,” said the report.

The pandemic and subsequent national lockdowns hit the hospitality sector the most and brands had to re-invent their strategies to remain relevant to the need of tourists.

“The hospitality industry is recovering as five-star business hotels in metropolitan cities across the country have seen occupancy reach 75 per cent to 80 per cent in the past month,” the report noted.

Year 2022 is a tipping point for the Indian IT services industry – as in it, the industry crossed $200 billion in total revenue and $5 million in total workforce.

TCS (brand value up 12 per cent to $16.7 billion) and Infosys (brand value up 52 per cent to $12.8 billion) are among the top 3 most valuable brands globally at the second and third spot, respectively.

The Indian telecommunications industry is making its mark globally. India is the world’s second-largest telecommunications market with a subscriber base of 1.16 billion users.

Airtel (brand value of $7.7 billion) ranks No 1 in telecommunication sector in India with an impressive 28 per cent growth in brand value.

At second position, Jio (brand value up 5 per cent to $5.1 billion) shows gains in growth followed by VI (brand value of $767 million) which continues to be resilient despite its numerous business challenges.

ALSO READ: Reliance bets big on toy industry

Previous Story

Count down begins for Bollywood’s most prestigious awards event

Next Story

Experts open up on India’s GDP figures

Latest from Business

Microsoft Cuts Deep

The fresh job cuts come less than two months after Microsoft announced it was laying off more than 6,000 employees…reports Asian Lite News Microsoft is set to cut around 9,000 jobs —

Northeast Is Growth Engine

Scindia also provided updates on the government’s efforts to facilitate the entry of SpaceX’s Starlink service into India. “All due diligence from the Ministry’s side is complete Union Minister for Communications and

India to Empower Global South

India is emerging as a pivotal force in the global transition to clean energy, with Union Minister for New and Renewable Energy, Pralhad Joshi, asserting that the country is empowering the Global

Maruti’s Global Push Breaks Record

June shipments hit 37,842 units, signalling robust global demand Maruti Suzuki India recorded its highest-ever monthly exports in June, shipping 37,842 units and marking a new milestone that highlights the company’s expanding

India Bats for Fairer Global Finance: FM Sitharaman

FM Sitharaman stated that we believe that optimal regulation fosters innovation and stability….reports Asian Lite News India supports reforms to the international financial architecture to enhance inclusivity and equity, including Multilateral Development
Go toTop

Don't Miss

AAP not in Kerala fray this time

P.C. Cyriac said that the AAP will be contesting all

‘India’s G20 Presidency an opportunity to center realities outside West’

Talking about India-Africa efforts in combating the issue of terrorism,