Diversified conglomerate Tata Group was today declared India's most valuable brand with a value of $21.1 billion, while US-based technology giant Apple has retained its top position globally with about $105 billion.
According to a list released today of the world's 500 most valued brand- Brand Finance Global 500, Apple is followed by Samsung ($79 billion) at second place globally. In the top-ten, these two are followed by Google, Microsoft, Verizon, GE, AT&T, Amazon, Walmart and IBM.
Tata has retained its top place among Indian brands and its global ranking has also improved to 34th from 39th in 2013. However, the number of Indian companies on the list has declined to five from six.
Other than Tata, the global ranking of all other four Indian companies has dropped and they include SBI (347), Airtel (381), Reliance Industries (413) and Indian Oil (474). Tata's brand value has increased to $21.1 billion from $18.2 billion, and it has consistently improved its ranking since being placed 100th in the year 2007.
The Indian company which has dropped from the list this year is ITC, which was ranked 445th in the year 2013.
According to Brand Finance, SBI's brand value has dropped to $4 billion from nearly $6 billion, while that of Airtel has marginally risen to $3.8 billion from $3.74 billion. Reliance Industries' brand value has dropped to $3.5 billion from $3.7 billion and that of IOC to $3.1 billion from $3.4 billion.
While Apple has been ranked as the most valued brand, the annual study conducted by brand valuation consultancy Brand Finance said that it is Ferrari which is the "world's most powerful brand".
"The legendary Italian carmaker scores highly on a wide variety of measures on Brand Finance's Brand Strength Index, from desirability, loyalty and consumer sentiment to visual identity, online presence and employee satisfaction.
"Ferrari is one of only eleven brands (including Google, Hermes, Coca-Cola, Disney, Rolex and F1 racing rivals Red Bull) to be awarded an AAA brand rating and has the highest overall score," it added.
However, "being a niche, luxury brand with an officially capped production, it is perhaps unsurprising that it is some way off being the world's most valuable. Its $4 billion brand value puts it 350th in brand value terms," Brand Finance said.
The US accounts for the maximum number of 185 brands on the list, followed by Japan (42), France (37), and the UK (35). India is ranked 17th in this category with five companies.
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