Billionaire Mukesh Ambani’s oil-to-telecom conglomerate Reliance Industries has been ranked second greatest model after Apple on the FutureBrand Index 2020. “This year’s highest entrant at number two, Reliance Industries excels on every attribute,” FutureBrand stated, releasing its 2020 Index. One of essentially the most worthwhile corporations in India, Reliance is, “very well respected” and “seen as behaving ethically” in addition to being related to “growth”, “innovative products” and “great customer service”, it stated.
“In particular, people have a strong emotional connection with the organisation.”
FutureBrand, which is a world model transformation firm, stated a part of Reliance’s success may very well be attributed to Mukesh Ambani’s recasting of the agency as a one-stop-shop for Indians.
“The chairman built on the existing petrochemicals business, transforming it into a digital behemoth designed to meet every customer need.
“Today, this firm is engaged in quite a lot of sectors together with power, petrochemicals, textiles, pure assets, retail, and telecommunications.
Now that Google and Facebook are taking fairness stakes within the agency, we may even see Reliance jostling for the highest spot within the subsequent Index,” it said.
FutureBrand said six years on from the first FutureBrand Index, the world has changed dramatically, priorities have shifted and the globe’s top 100 companies are dealing with challenges unthinkable even 12 months ago.
“The FutureBrand Index is a world notion examine that reorders PwC’s Global Top 100 Companies by Market Cap on notion energy moderately than monetary energy,” it said.
“While the FutureBrand Index 2020 has uncovered quite a lot of seismic shifts in the best way corporations work and the way they current themselves to the surface world, one key theme has stood out: individuality.”
The 2020 list is topped by Apple, while Samsung is ranked third, followed by Nvidia, Moutai, Nike, Microsoft, ASML, PayPal and Netflix.
Reliance ranks 91st on PWC 2020 list, it said.
“A slew of recent entrants to our Index embrace ASML Holdings, PayPal, Danaher, Saudi Aramco, and American Tower Corporation.
In whole, there are 15 new entrants this 12 months, seven of which make it into the highest 20, together with Reliance Industries slotting in at quantity two,” it said.
The FutureBrand Index is not based on consumer research. Unlike most other rankings, the Index offers a rigorous assessment of how prominent companies are doing and are likely to do over the next few years.
“We reside in unprecedented occasions,” it said, adding the world is living through the worst healthcare crisis in a century.
“But out of this can emerge a reimagined world, and will probably be as much as main corporations and the individuals who work for them to answer new calls for and new expectations,” it said.
The FutureBrand Index 2020 examines the world’s leading firms and determine how they have fared over the past year.
“Our distinctive perspective shines a lightweight on the innovators in addition to the manufacturers which have efficiently navigated sector-specific tough waters.
As we found, it may be untimely to put in writing off an organization in issue and dangerous to extol the virtues of a seemingly unbreakable model,” it added.