The impact of COVID-19 based on the effect of the outbreak on enterprise value was tremendous for the past two years. The likely impact on brand value was estimated for each sector which came to be not so well after such a hazardous situation for India. Some of India’s top brands performed well against other countries, where declines in total brand value were much greater. So we’d like to mention 7 richest Indian brands that have made it to the spotlight in 2022 are acing it with their brand awareness, execution, and sales.
1. HDFC Bank
India’s leading private sector bank that offers online NetBanking Services & Personal Banking Services like Accounts & Deposits, Cards, Loans, etc. It was incorporated in August 1994. HDFC Bank is India’s largest private sector bank by assets and the world’s 10th largest bank by market capitalization. Its revenue is 1.21 lakh crores INR (US$16 billion, 2021). The bank surprisingly commits to protecting the privacy of its users and strives to provide a safe user experience.
Bajaj Auto is also one of the richest Indian brands and leading manufacturers of motorcycles and three-wheelers in India. It also manufactures motorcycles, scooters, and auto rickshaws. The company’s founder is Jamnalal Bajaj. This company came into existence on 29 November 1945. Currently, its net income is ₹5,100 crores (US$680 million). However, in 2019 Bajaj Auto also invested about 57 crores ($8 million) in bicycle and electric scooters.
The 137-year-old ayurvedic company, promoted by the Burman family, started operating in 1884 as an Ayurvedic medicines company. Although it is the best Ayurvedic & Natural Health Care Company in India. Dabur India is also one of the world leaders in Ayurveda with revenues of over Rs 9,500 Crore & Market Capitalization of over Rs 100,000 Crore. However, Dabur Chyawanprash, Dabur Honey, Dabur PudinHara, Dabur Lal Tail, and Dabur Honitus in the Healthcare space; Dabur Amla and Dabur Red Paste in the Personal Care category are available.
It’s an Indian retail corporation that operates a chain of hypermarkets in India. It was founded by Radhakishan Damani in 2002. The total assets of Dmart are 12,076 crores INR as per the rep nets. It is a popular one-store supermarket chain that offers a wide range of basic homes. The utility products like food, home appliances, toiletries, and many more things. It also has an online website. The net income of Dmart is ₹1,300 crores (US$170 million).
It is an Indian multinational public sector bank and financial services statutory body. SBI is the 43rd largest bank in the world. State Bank of India is a financial powerhouse, providing banking services like saving accounts, crore deposits, personal loans, education loans, SME loans, and so on. The country’s biggest bank State Bank of India (SBI) was on a 55% rise in standalone net revenue at ₹ 6,504 crores according to the Hindu newspaper.
6. Tata Group
Founded in 1868 by Jamshedji Tata, it’s India’s value-based corporation and Indian multinational conglomerate. A visionary, a pioneer, a leader, since 1868. The Tata Group of companies was the most valuable brand in India with a value of around 21.28 billion U.S. dollars in 2021. At about 8.65 billion dollars, LIC came second in the ranking, followed by Infosys. Tata Group’s dominance in the market was evident with its brand value being much higher than LIC and Infosys put together. The group operates in more than 100 countries.
It was founded by the late Shri Dhirubhai Ambani (1932-2002). Reliance Group is among India’s top private sector business houses serving over 250 million customers across power, financial services, infrastructure, etc. Moreover, according to the report, Reliance Retail was the fastest riser this year, up 30 places, with telecom brand Jio at number seven with a brand value of $6.9 billion. Also, India’s telecom services disruptor, Reliance Jio, was the country’s strongest value in 2022. With Jio’s challenging lead, the telecom sector rounded up the ten most valuable brands in India.
To sum up, be it manufacturing corporations, banking companies, automobile companies, IT companies, or any other sector India keeps on expanding and there is no doubt that even the government is also taking a drive for the companies and their employees too.