mumbai nov 1 indian conglomerate tata group has topped the table in the 2017 best indian brands report released by brand consultancy firm interbrand india the salttosoftware conglomerate has topped the brand league table for the fifth consecutive year and its brand valuation stands at rs 73944 crore despite registering a marginal 04 decline this year mukesh ambaniled reliance industries pipped telecom major airtel to grab the second spot driven by the launch of jio reliance industries brand is valued at rs 38212 crore a growth of 9 per cent this year while airtels brand value stood at rs 36927 crore with a growth of 5 per cent hdfc and stateowned insurer life insurance corporation lic occupied the fourth and fifth slot both registered a growth of 9 per cent in brand valuations and hdfcs brand valuation stood at rs 26205 crore while lics brand valuation was rs 25774 crore countrys largest lender state bank of india infosys mahindra icici and godrej rounded out the top 10 sbis brand valuation grew 7 per cent at rs 24775 crore while that of infosys rs 23291 crore and mahindra rs 16915 crore grew at 1 per cent and 8 per cent respectively icici witnessed an erosion of 3 per cent in its brand valuation at rs 16165 crore while godrej grew 3 per cent to touch rs 15867 crore the total brand value of the top 10 brands over the last 4 years has grown by 25 per cent while this year the brand value grew by 4 per cent the list of the top 40 included new entrants like royal enfield and ambuja cements the top 40 indian brands have a combined total value of rs 475570 crore an increase of 5 per cent from 2016 the table was dominated by certain categories and more than half of the best indian brands came from five sectors automotive diversified financial services telecom and technology diversified businesses made up 40 per cent of the total brand value of this years best indian brands table rs 192240 crore while financial services formed 27 per cent of the value rs 126140 crore the top growing best indian brands have begun to understand and demonstrate the levers that drive growth and value maruti suzuki our top growing brand for the second year in a row posting a growth of 19 per cent this year has done an exemplary job with reliance kotak jsw hdfc and ashok leyland not far behind interbrand india managing director ashish mishra said however there are no indian brands in interbrands best global brands league table ds nrb