Billionaire Mukesh Ambani’s Reliance Industries has been ranked the second-largest brand after Apple on the FutureBrand Index 2020.
“This year’s most leading participant at number two is the oil-to-telecom conglomerate Reliance Industries that shines on every attribute,” FutureBrand said after releasing its 2020 Index.
One of the most active companies in India, Reliance is, “highly respected” and “recognized as behaving ethically,” as well as being connected with “growth,” “innovative products,” and “excellent customer service,” it said. “The customers associated with the firm have a superb enthusiastic connection with the oil-to-telecom alliance organization.”
FutureBrand is a global brand transformation company, said part of Reliance’s success could be credited to Mukesh Ambani’s modifications of the firm as a one-stop-shop for Indians.
“The chairman of Reliance Industries, Mukesh Ambani, has created on the current petrochemicals business by changing it into an advanced behemoth molded to fulfill each consumer’s need.
“At present, Reliance ventures is included in a few parts that incorporate petrochemicals, broadcast communications, materials, common asset a few, and vitality. Presently Google and Facebook are procuring equity stakes in the company, and we may see Reliance pushing for the top place in the next Index,” it said.
FutureBrand said six years on from the first FutureBrand Index, the world has transformed undoubtedly, priorities have changed, and the world’s top 100 companies are dealing with challenges unimaginable even 12 months ago.
“The FutureBrand Index is an overall examination study that reorders PwC’s Global Top 100 Companies by Market Capital dependent on sentiment quality and not based on monetary quality.” “While the FutureBrand Index 2020 has uncovered a few seismic varieties in the manner organizations work and how they present themselves to the outside world is one key subject has waited: individuality.”
The 2020 index is topped by Apple, though Samsung is positioned third, trailed by Nvidia, Microsoft, Nike, ASML, PayPal, Moutai, and Netflix. Reliance ranks 91st on PWC 2020 list, it told.
“A list of new participants to our list consists of ASML Holdings, PayPal, Saudi Aramco, Danaher, and American Tower Corporation. There are 15 new participants this year, seven of which make it into the top 20 that include Reliance Industries slotting in at number two,” it stated.
The FutureBrand list is not based on customer analysis. Unlike most other rankings, the Index provides an accurate evaluation of how leading companies are doing and are expected to do over the next few years.
“We are living in modern times,” it said, adding the world is living through the most critical healthcare emergency in a century. The whole world is suffering from the novel Coronavirus.
“But out of this, they all have developed a reimagined world, and it will be up to prominent companies and the people who strive to respond to new demands and fresh expectations,” it said.
The FutureBrand Index 2020 reviews the world’s leading companies and resolve how they have managed over the past year.
“The diverse perspective reflects light on innovators and the brands that have successfully operated sector-specific rough waters. As we learned, it can be early to write off a company in trouble and risky to praise the excellence of an apparently unbreakable brand,” it added.