Tata Group, the multinational conglomerate headquartered in India, has lost its position among the top 100 global brands listed by Brand Finance. According to the latest Brand finance Global 500 Tata is the 103rd most valuable brand in the world. Last year it was given the 8nd position.
Tata has seen a drop not only in ranking but also in brand value which seems to have fallen from $13.68 billion to $13.11 billion.
The fall in Tata’s ranking may be attributed to the Tata-Mistry fiasco. Cyrus Mistry was the sixth chairman of the global enterprise. On 24th October 2016 the board of Tata Sons removed him from the post of chairman. Natarajan Chandrasekaran was named the new chairman subsequently.
However, Tata Group is still the most valuable brand from India. Moreover, it is the only Indian brand to have made it to the top 100 ever.
Other Indian brands have also improved their positions in the list of the top 500 global brands. Airtel has has risen from 242nd place to 190th this year. LIC has also seen a substantial rise in its position. It was given the 283rd place last year and this year it has got the 222nd place. Infosys has made its way up the list by 50 positions to 251.
Besides the aforementioned companies, these are the other Indian brands in the top 500 list: State Bank of India (294th in 2017; 244th in 2016), Reliance Industries (345th in 2017, 444th in 2016), Indian Oil (369th in 2017, 494th in 2016), HCL Technologies (378th in 2017, 496th in 2016) and Larsen & Toubro (498th in 2017, 479th in 2016).
Google has beat Apple to become the most valuable company. Amazon has retained its third position. Eight of the top ten companies are based in the US.
