Indian telecom provider Jio has entered Brand Finance ranking for first time and is named worlds fifth strongest brand with Brand Strength Index (BSI) score of 91.7 out of 100.

According to the Brand Finance Global 500 2021 Ranking, entering the ranking for the first time this year and claiming the title of the world's 5th strongest brand, is Indian telecoms giant, Jio, with a BSI score of 91.7 out of 100 and the elite AAA+ brand strength rating.

"Despite only being founded in 2016, Jio has quickly become the largest mobile network operator in India and the third-largest mobile network operator in the world, with almost 400 million subscribers. Renowned for its incredibly affordable plans, Jio took India by storm through offering 4G to millions of users for free, simultaneously transforming how Indians consume the internet -- known as the 'Jio effect'," Brand Finance said.

"The dominance of the brand across the nation is evident from the results from Brand Finance's original market research. Jio scores highest in all metrics -- consideration conversion, reputation, recommendation, word of mouth, innovation, customer service and value for money - compared to its telecom competitors in India. The brand has no major weaknesses within the sector, and unlike other telecoms brands globally, Jio has shown that it has broken the mould, and enjoys genuine affection from consumers", the report said.

Tata retains the title of India's most valuable brand consolidating its top 100 position, climbing 7 spots to 77th globally with a brand value of $21.3 billion.

(IANS)