Hyderabad, Sep 6: GMR Group, one of the leading and fastest growing private sector organisations with interests in infrastructure and agri-business, has made its debut among the top 50 Indian Brands. GMR figures in the list of India's Top-50 Most Valuable (Company) Brands 2008 rated by the London-based Brand Finance, a global leading brand valuation firm. The GMR brand, ranked at 48th position, has been valued at Rs 802 crore.
Using Relief from Royalty method of brand valuation, which assumes that a company does not own its brand and needs to license it from a third party, Brand Finance studied top BSE-listed 500 companies and arrived at the list of top-50 consumer-facing corporate brands.
In a statement, GMR Group Chairman G M Rao said, ''It is the endeavour of Team GMR, their commitment and dedication that is seeing the GMR Group and the brand grow from strength to strength.
Indeed, it is due to valuable contribution from all that the Group has achieved this. The Brand needs to be sustained and improved and we need to reach the top rung of the ranking''.
''The Group's dedicated attention to institution building mechanisms through corporate governance and value-driven management practices has reinforced our endeavours on strengthening the GMR Brand.'' Founded in 1978, GMR Group's core businesses are in infrastructure sector comprising airports, power projects, highways and urban infrastructure in addition to the manufacturing sector spanning agri-business and ferro-alloys.