HDFC Bank has been named as India's to brand by a report published by marketing and brand consultancy Millward Brown in conjunction with communications group WPP. According to media reports, the brand has been valued at $9.4 billion or more than Rs 56000 crore.
Airtel which is India's largest telecom operator came second in the list with a brand value of $8.2 billion.
The other big names in the top 10 were State Bank of India ($6.8 billion), ICICI Bank ($3.5 billion), Bajaj Auto ($3 billion), Asian Paints, Hero MotoCorp, Idea, Kotak Mahindra Bank and Reliance Communications.
The combined brand value of the top 50 Most Valuable Indian Brands is almost $70 billion or Rs. 4.2 lakh crore.
Some of the interesting points in the report that has come through in various media reports are:
In the Top 50 list, 17 are multinational corporations (MNCs), 26 are private Indian brands, and seven are state-owned brands. Banking, telecom, insurance and such service businesses have been prominent if the list is seen sectorally since seven of the top 10 brands are from the service sector.