Indian IT services firms may have outpaced their US counterparts and emerged as the most valued brands globally according to Brand Finance Global 500, 2022, but Indian conglomerates’ ranking appears to be slipping.
Though the Tata Group continues to be the only Indian representative among the top 100 most valued brands globally, its ranking has slipped by one position to 78 this year, from 77 last year.
Meanwhile, Reliance Industries (RIL) slipped to the 236th spot, down from 229 last year. It’s subsidiary, Jio, too, slid in the ranking, falling from 409 in 2021 to 451 this year, the lowest ranked Indian firm in the top 500, according to the report. It’s competitor Airtel saw a rise in ranking from 323 last