HDFC Bank leads as Kantar values India’s top 100 brands at USD 523.5 bn

India’s 100 most valuable brands are now worth a combined USD 523.5 billion, equivalent to around 13 per cent of the country’s GDP, according to the Kantar BrandZ 2025 report released on Wednesday.

The BrandZ ranking expanded to 100 brands this year, with total brand value rising 6 per cent year-on-year. “These results underscore the increasing significance of brand value in India’s economic story, with further opportunities to grow through global expansion,” the report said.

HDFC Bank retained its position as India’s most valuable brand, posting an 18 per cent rise in brand value to nearly USD 45 billion. The bank’s value has grown more than fourfold since the first BrandZ India report in 2014.

Tata Consultancy Services ranked second at USD 44.2 billion, followed by telecom operator Airtel at USD 41.1 billion. Infosys stood fourth with a valuation of USD 25.5 billion, while ICICI Bank placed fifth at USD 20.6 billion.

India’s top 10 brands together account for 47 per cent of the total ranking value.

Zomato emerged as the fastest riser for the second consecutive year, lifting its brand value by 69 per cent. Eighteen new brands entered the list, including UltraTech Cement and Hyundai.

The 2025 rankings are based on responses from 1.45 lakh people across 1,620 brands in 111 categories.
Kantar is a global marketing data and analytics company.