Tata, LIC, Infosys, SBI, and Mahindra are among the top 10 Indian corporate brands


  • Tata is the most valued company in India at $19.6 billion according to Brand Finance.
  • LIC, Infosys, SBI and Mahindra Group also made it into the top 10 list.
  • The only company showing a drop in value among the top is Airtel which depreciated by 28.1% coming down by 2nd position to 7th position.
Brand Finance, an independent brand valuation consultancy, took 5,000 companies in India and ranked them according to their brand value. And to no one's surprise, Tata Group continues to rule the roost with a value of $19.6 billion.

A company’s brand value is the net economic benefit that the owner would gain by selling the brand in open market. This year, Indian banks and global IT service providers dominated the list of the top 10 most valued brands in India.

Here’s a quick look at the 10 biggest corporate brands in the country:



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​Tata Group — $19.6 billion

​Tata Group — $19.6 billion

The Tata Group continues its reign as India’s most valued brand. It’s value appreciated by 37% this financial year to $19.6 billion, greater than the value of the Life Insurance Corporation (LIC) and Infosys combined.

The Tata Group is also the only Indian company to feature in the world’s top 100 brands in Brand Finance Global’s top 500 list in 86th position.

Among the many companies under its umbrella, its most successful are Tata Consultancy Services (TCS), Tata Motors and Tata Steel.

Headquartered in Mumbai, the Tatas are one of the biggest business conglomerates in India. They currently have operations in 100 countries around the world.

​Life Insurance Corporation — $7.3 billion

​Life Insurance Corporation — $7.3 billion

The Life Insurance Corporation of India (LIC) is the second most valued brand in India at $7.3 billion. The company increased its value by 22.8% to jump from 4th position last year.

LIC is the largest insurance company in India. It’s owned by the Indian government and headquartered in Mumbai. It has been operational for over six decades now.

And, it’s not only limited to the Indian market. LIC has global partnerships operation in Fiji, London, Sri Lanka, Nepal, Bahrain and Saudi Arabia.

​Infosys — $6.5 billion

​Infosys — $6.5 billion

Infosys is the third most valued brand in India and, like TCS, it’s an IT services provider. The company’s has maintained its position from last year and its value appreciated by 7.7% to $6.5 billion.

In the last financial year, Infosys’ overall revenues grew by 9% and digital revenue was a key driver as it grew by 30%.


The company is currently on a hiring spree in India looking to bring 18,000 freshers on board, which is reportedly a result of US’ crunch on approval H1-B visa applications from Indian IT companies

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​State Bank of India — $5.97 billion

​State Bank of India — $5.97 billion

India’s largest and oldest commercial bank, the State Bank of India, is the country’s fourth most valued brand. In fact, it has moved up from 6th position last year with its value increasing by 34.4% to reach $5.97 billion.


Ranked 216 on the Fortune 500 list of the biggest companies in the world, SBI employs over 300,000 people across its 14,000 branches — the largest banking network in India. It’s also spread over 35 countries with over 200 offices set up globally.

​Mahindra Group — $5.3 billion

​Mahindra Group — $5.3 billion

The Mahindra Group is the fifth most valued brand in India jumping a whopping 6 ranks from 11th position last year. The company’s value has gone up by 35.5% hitting $5.3 billion

From farm tractors to financial services to IT services, Mahindra Group is going from strength to strength, its brand value growing 35% to$5.3 billion and thus sealing its position in the top 5 for the first time. Mahindra Group has been making strong inroads into the US markets, as it harbours strong global ambitions.

​​HDFC Bank — $4.8 billion

​​HDFC Bank — $4.8 billion

HDFC Bank went from being 8th last year to coming in sixth this year. The feat was only possible because its value jumped up by 19% to hit $4.8 billion.

HDFC, along with SBI, are the only two banks in the top 10 most valued brands in India. But, ICICI only just missed out at $3.9 billion. Even though SBI has more brand value, HDFC was voted as the most trusted by bank in India by Forbes Magazine’s list of the world’s best banks.

It’s a relatively new bank in comparison to SBI and was only incorporated in 1994. As of now, HDFC’s banking network extends to 5,103 branches and is planning to add another 25 new branches in Gujarat.

​​Bharti Airtel — $4.8 billion

​​Bharti Airtel — $4.8 billion

Despite the price war in India’s telecom sector and Reliance Jio’s growing might, Bharti Airtel is the only network operator to make into the top 10 most valued brands in India. But the pressure can be seen in the company’s fall from bring the second most valued brand last year, to being the 7th most valued brand.

It’s value has decreased by 28.1% dipping to $4.8 billion.

Airtel currently operates in 18 countries across Asia and Africa with over 403 million customers as of March 2019.

It should be noted that Airtel’s value doesn’t depend on mobile networking alone. It also has a digital television service, broadband services, and IT services for enterprises.

​HCL Technologies — $4.6 billion

​HCL Technologies — $4.6 billion

HCL Technologies, another IT services company from India, made it to the coveted list. Even though it dropped from being the fifth most valued brand last year, its value has still appreciated by 1.7% to reach $4.5 billion.

HCL currently has operations running in 44 countries recording $8.6 billion in revenue during the last financial year

​Reliance Industries — $4.5 billion

​Reliance Industries — $4.5 billion

Mukesh Ambani’s Reliance Industries (RIL) has maintained its position as the 9th most valued brand in India at $4.5 billion, which is an increase of 12.4% from the company’s value last year.

It should be noted that Reliance Jio, Reliance Retail, Ajio, foreign brands — like the recently purchased Hamleys, Vimal, and Reliance Gas all fall under the its umbrella

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Wipro — $4 billion

Wipro — $4 billion

Wipro rose from being 13th last year to just making the cut off into the top 10 list in India, at $4 billion.

According to Brand Finance’s IT services annual report, its the 3rd fastest growing global IT services brand in 2019 recording an increase of 25% in brand value and an AA+ brand rating.

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