HDFC Bank emerges as India's most valuable brand; Reliance Jio placed 9th among list of top 10 brands

The largest private sector lender HDFC Bank has emerged as the most valued Indian brand at $22.70 billion.

The list of top ten brands, prepared by the world’s largest media buyer WPP, includes companies from banking, financial services and insurance, telecom and auto segments.

A brand’s overall fortunes had a direct bearing on the brand valuations, as seen in the telecom space, where Airtel’s value fell by 10 percent to $10 billion, while Reliance Jio’s value went up by 34 percent to $5.47 billion. The Mukesh Ambani-run largest telco was placed ninth in the list of brands, while the second-largest telcom firm was still holding to the fourth place.

Among the state-run companies, insurance behemoth LIC was placed second, valued at $20 billion with a 2 percent growth, while banking giant SBI was fifth at $8.40 billion with a surge of 7 percent.

A slowdown in the auto sector seemed to be playing on the valuations of largest carmaker Maruti Suzuki, which had its brand value come down by 14 percent to $5.93 billion.

(Disclosure - Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd)