0
0
Tata Group tops Brand Finance’s most valuable Indian brands with US$28.6 billion value, reflecting a 9 per cent increase from 2023. Brand Finance’s report also highlighted that Tata Group marks the first time an Indian brand is nearing the $30 billion mark.
Brand Finance’s India 100 Report
Brand Finance’s India 100 report by Brand Value analyses over 250 Indian brands across various sectors like IT, hospitality, automotive, and retail. This year, Tata Group retained its top spot.
Tata Group Most Valued Company in India
According to Business Standard, the performance of Tata Group is attributed to its strategic initiatives and expansive growth.
Savio D’Souza, Director of Brand Finance, said, “Over the last triennium (three years), the Tata Group has orchestrated a rigorous organisational refinement, wholeheartedly embracing digital transformation and cutting-edge technology across its manifold enterprises.”
Taj: The Biggest Contributor
Taj, the subsidiary of Tata Group, is the biggest contributor. Valued at $545 million, Taj maintains its position as India’s strongest brand with an impressive Brand Strength Index (BSI) score of 92.9 out of 100 and a prestigious AAA+ rating for brand strength.
This marks the third consecutive year that Taj has held the top spot in brand strength. Furthermore, the report noted that Taj Hotels has demonstrated significant financial growth through organic expansion and strategic acquisitions.
Tata Group: From Homegrown Brand to A Global Powerhouse
A legacy of innovation since 1868, the Tata Group is a global powerhouse headquartered in India, with a diverse portfolio of 30 companies spanning ten industries.
The Group operates in more than 100 countries across six continents, with a mission ‘To improve the quality of life of the communities we serve globally, through long-term stakeholder value creation based on Leadership with Trust’.
Tata Sons is the principal investment holding company and promoter of Tata Companies. Sixty-six per cent of the equity share capital of Tata Sons is held by philanthropic trusts, which support education, health, livelihood generation and art and culture.
From 2022 until 2023, the revenue of Tata Companies, taken together, was US$150 billion. These companies collectively employ over 1 million people.
Each Tata company or enterprise operates independently under the guidance and supervision of its board of directors. There are 29 publicly listed Tata enterprises with a combined market capitalisation of US$300 billion as of July 31, 2023.
Beyond Brand Value: The Tata Legacy in Indian Business
To sum up, the Tata Group continues its reign as India’s most valuable brand, solidifying its position at the forefront of Indian business. This achievement underscores the Group’s resilience, strategic vision, and commitment to innovation. With several subsidiaries ranking highly within their respective sectors, the Tata brand stands strong as a symbol of Indian excellence.
