Brand Finance has come up with a list of top 10 brands in India which are valued based on several factors such as company's revenue, profit and future prospects.
As per the survey, of the top 25 ranked brands, Airtel's brand value has risen 28 per cent, while Mahindra Group saw its brand value rise by 37 per cent to $2.95 billion.
HDFC Bank, Idea Cellular and Amul moved up in the ranking, while Adani Enterprises plunged to 60th rank from 26th last year. Suzlon, Indian Overseas Bank and Voltas saw their rankings going down.
Here is a list of top 10 brands in India:
The Tata Group, again stood at number 1 rank even though there was a 11 per cent fall in its valuation compared to last year
The fall in valuation may be due to exposure to the UK market and fluctuation in the steel industry. It has been rated A+ against last year's AA rating.
The brand value of the company dropped to $13.7 billion from $15.3 billion last year.
Life Insurance Corporation of India stood second for the 2015-16 year. The brand value of LIC was $4.1 billion last year. For this year it is $6.6 billion. The company is being rated AA from the previous year AA+.
Brand Finance has valued the Airtel company at $5.7 billion. Last year the company's vauation stood at $4.5 billion. The rating was improved to AA+ from AAA- last year.
State Bank of India
State Bank of India has moved to 4th place from 2nd. The brand value of the company reduced to $5.7 billion from $6.5 billion, while the company retained the same rating which is AA+.
Infosys has moved up in terms of brand value to 5th place from 9th place. The value of the company stood at $4.7 billion from $3.4 billion.
The rating was also increased to AA+ from AA.
Reliance Industries saw its rank drop to $3.5 billion from $3.6 billion in 2015. The rating of the company was retained at AA+. Last year the company stood in 5th place.
Oil and Natural Gas Corporation an Indian multinational oil and gas company headquartered in Dehradun, Uttarakhand, India.
The rank of the company has moved up to 7th position from 10th. The brand value of the company stood at $3.4 billion from $2.8 billion last year. The rating on ONGC was increased to AA+ from AA.
Larsen & Toubro
Larsen & Toubro maintained the same position and company was valued at $ 3.3 billion. The rating was increased to AA+ from AA.
Indian Oil Corporation Limited, or IOCL, is an Indian Government owned oil & gas corporation. The company has dropped from the previous rank to 9th. The brand value of the company increased to $ 3.3 billion from $3.2 billion.
HCL Technologies dropped to 10 th from 9th position. The value of the company is at $3.2 billion and was rated AA+. Last year the company's brand value stoood at $ 3.1 billion and was rated AA.