With a valuation of US$ 22.7 billion, HDFC Bank, the private banking major is the highest valued brand in India. The list has been compiled by the world's leading media buyer WPP and amongst the top ten brands are companies from BFSI, auto and telecom sectors.
It is seen that the company's fortunes or asset base has a direct bearing on the brand value as in the case of Airtel whose value deteriorated by 10% to US$ 10 billion and in the case of Reliance Jio it has gone up by 34% to US$ 5.47 billion. Jio, Mukesh Ambani- run telecom disruptor, commands the ninth spot in the list, while Airtel still retains the fourth position.
LIC and SBI from the public sector command the second and fifth rank, respectively with a valuation of US$ 20 billion and US$ 8.4 billion respectively. The valuation of LIC has gone higher by 2%, while SBI's value surges 7%.
Auto slowdown was however imminent on the valuation of Maruti that saw its value go down by a steep 14% to US$ 5.93 billion.