Brand Guardianship Index 2024: Mukesh Ambani beats Satya Nadella

Utkarsh Classes Last Updated 05-02-2024

Report 6 min read

Indian industrialist Mukesh Ambani has been ranked the top Indian and second in the world in the Brand Guardianship Index 2024 compiled by Brand Finance. Whereas Ma Huateng, CEO of Chinese company Tencent, has secured the top position.

Satya Nadella and Google's Sundar Pichai left behind:

Ambani left prominent personalities like Microsoft's Satya Nadella and Google's Sundar Pichai to take the second position globally.
Mukesh Ambani serves as the Chairman and Managing Director of Reliance Industries Limited.
The Brand Guardianship Index acknowledges CEOs who skillfully generate business value while prioritizing the interests of all stakeholders, including employees, investors, and society.
In Brand Finance's survey, Ambani got a BGI score of 80.3, which is slightly less than the 81.6 of China-based Tencent's Ma Huateng.
Brand finance creates a balanced scorecard of measures that best capture a CEO's potential.

Mukesh Ambani's Net Worth:

As per the Bloomberg Billionaires Index, Mukesh Ambani's current net worth is $109 billion. He is the 11th richest person in the world.
As outlined in the Brand Guardianship Index, CEOs are ranked based on their ability to create sustainable business value while considering the interests of all stakeholders, including employees, investors, and society at large.

Leading Indians in Brand Guardianship Index:

Reliance Industries Chairman and MD Mukesh Ambani is in second place.
Tata Sons Chairman N Chandrasekaran climbs to the 5th position in the ranking, up from the 8th position in 2023.
Mahindra & Mahindra's Anish Shah is at sixth place and Infosys' Salil Parikh is at 16th place. In the 2023 ranking, Mukesh Ambani secured the second position globally.

Ambani is on top in this matter:

This year Mukesh Ambani has been ranked first in the Brand Guardianship Index 2024 among 'Diversified' Groups.
Ambani has been ranked ahead of global giants like Microsoft's Satya Nadella, Google's Sundar Pichai, Apple's Tim Cook and Tesla's Elon Musk.
Brand Finance Perception evaluates CEOs based on a variety of factors.

Jio India's strongest brand:

In a recent report titled 'Global 500- 2024', Jio was recognized as India's strongest brand, leaving behind Indian brands like LIC and SBI. Jio had earlier also topped Brand Finance's 2023 ranking among India's strongest brands.

Basis of ranking in Brand Guardianship Index:

On what basis does the Brand Guardianship Index give this ranking to CEOs? The criteria on which this index judges CEOs include:
- To conduct business keeping in mind the interests of stakeholders, employees and investors.
- Increasing business value while understanding social responsibilities.
On this basis, Brand Finance measures the performance of the CEO in the survey. In this, along with the current capabilities of the company's CEO, future plans are also seen.
After this, a score is given in the index based on the ability and vision of the Chief Executive Officer. These CEOs also get ranking on the basis of this score.

The results bear witness to the excellent performance of the RIL:

The financial results of companies also help a lot in accurately estimating the current performance. On this basis also, the head of Reliance Industries Limited has been successful in leaving his mark.
The net profit of Reliance Industries Limited (RIL) increased by 9.3 percent to Rs 17 thousand 265 crore for the October-December quarter.
During this period, the company's revenue increased to Rs 2.25 lakh crore. Indeed, Reliance's current performance signals a promising future ahead.