HDFC Bank tops India's 10 most valuable brands list in 2018

WPP and Kantar Millward Brown's BrandZ Most Valuable Indian Brands analysis reveals that the total value of the top 75 most valuable Indian brands is $215.8 billion. The new 2018 ranking has grown from 50 to 75 brands to reflect India's growing economy and a marketplace in which more local brands are emerging to present consumers with choices.  Here is a list of most valuable Indian brands in 2018.

HDFC Bank
 
HDFC Bank has retained the top spot with a rise of 21% to a brand value of $21,679 million. The bank, which has a market cap of $76,506.42 million, has built a reputation for its sustainable livelihood initiative. The bank also provides a range of banking and financial services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side.

Life Insurance Corporation

Insurance jumbo LIC is No. 2 with brand value of $19,823 million, much because of the key role played by its pension plan business. It is the largest insurance company in India with an estimated asset value of $456,166 million. In 2016-17, LIC sold $3,053.26 million worth of regular premium policies, which is 44% of what the entire industry sold.

TCS

Tata Consultancy Services ranked No. 3 with brand value of $14,995 million. A part of the Tata group, TCS has over 394,000 of the world's best-trained consultants in 46 countries. The company generated consolidated revenues of $19.09 billion for 2017-18.

Airtel
 
Bharti Airtel Limited led by Sunil Mittal is India's second biggest telco and has a market share of 30.1%. The telco reported 73.51% fall in net profit at $50.54 million for quarter ended June this financial year. The telecom major had posted profit of $3,053.26 million in the corresponding quarter last year.

State Bank of India
 
State Bank of India is India's largest bank in terms of market capitalisation, branches (22,414), ATMs, offices, revenue generation and employees (264,041). SBI reported a standalone net loss of $671.01 million for June quarter and $1,062.17 million loss in March quarter.

Maruti Suzuki

Maruti Suzuki India Limited is a 56.21% owned subsidiary of the Japanese car and motorcycle manufacturer Suzuki Motor Corporation, with a market share of 53% of the Indian passenger car market. The company has decided to launch EV in India around 2020 in cooperation with Toyota Motor Corporation and is planning to start road tests of its electric vehicles in India by October as a precursor to the launch of EV in 2020.

Kotak Mahindra Bank

Kotak Mahindra Bank Limited is one of the top banks which provides a range of banking services to corporate and individual customers in India. The company's Treasury, BMU and Corporate Centre segment engages in dealing in debt, equity, money market, forex market, derivatives, and investments. Recently, the RBI rejected the bank's proposal for dilution of the promoters' stake through non-convertible perpetual non-cumulative preference share route.

Asian Paints

Asian Paints Ltd is India's largest and Asia's third largest paint company. The company along with their subsidiaries has operations in 22 countries globally with 27 paint manufacturing facilities servicing consumers in 65 countries through Berger International SCIB Paints Apco Coatings and Taubmans. The paintmaker's net profit increased 31% year-on-year to $76.78 million in the quarter ended June.

ICICI Bank
 
ICICI Bank is India's largest private sector bank with total consolidated assets of $154,699.89 million on March 31, 2018 and profit after tax of $932.46 million for the year ended March 31, 2018. The bank was recently in news after its on-leave CEO Chanda Kochhar faced allegations of quid pro quo and favouritism in loan disbursal of $8.806 million to NuPower Renewables, a firm founded by her husband Deepak Kochhar. Kochhar is believed to have maintained that she had no information about her husband's business dealings.

Reliance Jio

Reliance Jio has disrupted the telecom industry with its cheap data plans and wide availability. Reliance Jio's revenue from operations came in at $1,115.77 million in the June quarter, up nearly 14% from the fourth quarter of FY'18. Its subscriber base was at 215.3 million at the end of June.