According to the international monetary fund (IMF), India is the seventh-largest economy in the world. India’s nominal GDP is valued to be US$2.308 trillion. This is because of the kind of business that is running by various Indian industries in India and around the world. There are a number of foreign and in-house companies working on both national and multinational levels in India.
A company is generally judged on various parameters like assets, sales, market value, revenue, market share and is ranked accordingly. There reside various companies in India that are active in the private, public and government sectors. Every company operating in India attempts hard to get better regularly on the basis of product quality, product services, and customer satisfaction. Most of the top companies in India deals in a vast range of different segments like products and services and more.
The workflow in the organizations has led to make companies a brand name and value.
So, in this article, we will come across the top 10 corporate brands in India
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TATA CONSULTANCY SERVICES(TCS)-
An Indian multinational information technology (IT) service provider and consulting organization. It is the second-largest Indian organizationranked by market capitalization. TCS has settled itself in around 46 countries across the globe. It provides various services like assurance, BI, Business process services, performance management services, consulting services, digital services, eco-sustainability services and more.
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RELIANCE INDUSTRIES LIMITED
It is an Indian multinational company operating in various sectors in and outside India. Reliance recently purchased Hamleys, Vimal, and reliance Gas. It deals in almost every sector in India such as the construction segment, energy creation and supply, petrochemicals, network provider, technology, healthcare and fitness, textiles industry, natural resources, and logistics and retails. The major shareholders, the Ambani family, hold close to 45.34 percent shares of the RIL.
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OIL AND NATURAL GAS CORPORATION
It is an Indian oil and gas multinational company. It is the government of India’s public sector Undertaking (PSU). The administrative controls rests with the ministry of petroleum and natural gas of the Indian government. 69% of India’s crude oil and 62% of India’s total natural gas is produced by ONGC.
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LIC
It is the second most valued brand in India. The company increased its value from 4th position to second. It is the largest insurance company in India. It is owned by the Indian government. It has been operational for six decades now.
Life insurance corporation of India has global partnerships operation in FIJI, London, Sri Lanka, Nepal, Bahrain, and Saudi Arabia, so LIC is not limited to the Indian market.
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INFOSYS
It is the third most valued brand in India. It is also the second-largest IT service provider in India. The company has maintained its position from last year and its value appreciated by 7.7%. Infosys overall revenues grew by 9%. The company is about to bring 18000 freshers on board. The services it provides are business consulting, information technology and outsourcing services.
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SBI
It is India’s largest and oldest commercial bank. It is the fourth most valued brand in India. It has moved from 6th position last year. It has been ranked 216 in fortune 500 companies in the world. It has a workforce of around 300,000 people and has 14,000 branches in India. It is also spread over 35 countries with over 200 offices globally.
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MAHINDRA
It is the fifth most valued brand in India. It has jumped from 6 ranks since last year. They provide services in various sectors from automobiles to financial services and IT services. They also globalize themselves to the United States. They also provide armored vehicles to governments of various countries globally.
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HDFC
It is the sixth most valued brand in India. HDFC is the abbreviation of housing and development finance corporation. HDFC and SBI are the only two banks in the topmost valued brands in India. It has 5103 branches in India and is planning to open 25 new branches in Gujarat. The total number of employees in HDFC sums up to 111,208 as of September 2019. It is also the largest private sector lender by assets in India. Banking and financial services are the two major industries HDFC functions in.
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HCL
It is an Indian multinational IT service company. HCL has currently operation running in 44 countries globally including United Kingdom, United States, France, and Germany. The two major services provided by them are IT services and consulting. It has innovation labs and delivery centers worldwide. The present workforce of HCL sums up to over 137,000. HCL operates across many sectors including automotive, banking, defense and much more.
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WIPRO
It is the 10th most valued brand in India. It is the 3rd rapidly growing Global IT service provider of the year 2019. The major services provided by Wipro is Information technology, consulting and business process services. It is one of the most reputed brandsin India. It worked across various sectors including medical systems, heavy-duty industrial cylinders and more. It had a 25% increase in brand value and AA+ brand rating.
Conclusion:
India has been rising in terms of economy and a lot of great opportunities can be found out. There are many industries that are running in India covering many different sectors. There is a lot of import and export are done in India. The IT sector has evolved in the last years and it is cheap or lesser amount is invested in outsourcing an Indian IT organization. To become a valued corporate brand, it requires a great deal of vision and a great execution od strategies to achieve such targets. Indian start-ups are also trying to pace up in the list of fortune 500.
