India's Top 100 Brands: 3 IT Companies Named in Top 10 Position

As per an article by Moneycontrol.com, Indian IT services firms TCS, Infosys and HCL continue to be among top 10 of the best 100 Indian brands in Brand Finance India 2020 report.

Tata group including Tata Consultancy Services has been named as the most valued brand. TCS is also the only Indian brand to feature in Brand Finance Global 2020 ranking.

The report is based on observations in the 2020 Q1. It has classified IT services as a high impact sector that could witness up to 20 per cent loss in brand value due to COVID-19 outbreak.

Infosys' brand value jumped 9 per cent and is the fourth most valued brand. Infosys’ brand value stood at $7.1 billion in 2020 compared to $6.5 billion in 2019.

HCL's brand value jumped 5.2 percent to $4.9 billion. The company retained its rank at nine.

With its brand valued at $4.3 billion in 2020, up 8 percent from last year, Wipro is ranked at 11. The company’s rank slipped by one spot compared to 2019.

According to the Brand Finance India 2020 report, India’s top 100 most valuable brands could lose up to 15 percent of brand value cumulatively, a potential drop of nearly US$25 billion compared to the original valuation date of January 1, 2020.