October 12, 2008

TATA ranks 57th among top 100 brands by Brand Finance

According to a UK based independent consultancy firm Brand Finance, TATA has emerged as one of the largest global brands. Valued at USD 11.4 billion, TATA is ranked 57th among top 100 brands listed.

Expressing his happiness, Mr R Gopalakrishnan executive director of TATA Sons and also a member of the group corporate centre said that it is a first for an Indian brand to be listed among the world's largest. He added that "For the first time, an Indian brand has got into the list of the largest global brands, although it is number 57 and they have valued it at USD 11.4 billion."

Mr Gopalakrishnan said that "If you see the three biggest acquisitions in value, the Anglo Dutch steel company Corus is the biggest. When completed and approved, Ford's Jaguar and Land Rover will be second and the third will be TATA chemicals' purchase of General Chemicals. The total amount of acquisitions done by TATA is probably around USD 25 billion in the last 4 to 5 years. A lot of TATA companies are focused on extracting value from these acquisitions by setting up integration committees, by cutting costs, by enhancing values, market access, so on and so forth."

Coca Cola heads the list followed by fellow American companies Microsoft, Google, WalMart, IBM and GE while UK's HSBC is placed 7th.