The more multinational a country produces, the more powerful it becomes financially. Let us know about some such multinational companies that emerged in India.
India is one of the fastest-growing economies in the whole world. For quite a long time, India Inc. is reaping the benefits of globalization, and its huge potential in the international market. The country is home to many multinational companies (MNCs) with an extensive reach of business all over the world. Below you can find the list of a few MNCs in India. The business growth in these companies is substantial, a large number of professionals are advancing their careers here and these firms are the top choice for jobs as well. They are playing a good role in the economic advancements of our country and they have made their indelible marks globally. Entrepreneurs from India have established these amazing companies and running the business globally. Moreover, with each passing day, these companies are acquiring companies abroad and becoming more global. They are also recruiting staff, cutting across nationalities. Needless to say, Indian Inc. has become a great force to reckon with.
Aditya Birla Group
Aditya Birla Management Corporation Pvt. Ltd., d/b/a Aditya Birla Group, is an Indian multinational conglomerate, headquartered in Worli, Mumbai, Maharashtra, India. It operates in 34 countries with more than 120,000 employees. The group was founded by Seth Shiv Narayan Birla in 1857. The group has interests in viscose staple fibre, metals, cement (largest in India), viscose filament yarn, branded apparel, carbon black, chemicals, fertilisers, insulators, financial services and telecom. The group had a revenue of approximately ₹3,42,930 crore (US$48.3 billion) in 2019.
Apollo Tyres Limited is an Indian tyre manufacturing company headquartered in Gurugram, Haryana. It was incorporated in 1972, and its first plant was commissioned in Perambra, Thrissur, Kerala, India. The company now has four manufacturing units in India, one in Netherlands and one in Hungary. It has a network of nearly 5,000 dealerships in India, of which over 2,500 are exclusive outlets.
The company generates 69% of its revenues from India, 26% from Europe and 5% from other countries.Apollo announced its entry into the two-wheeler tyre segment with contract manufacturing in March 2016. In November 2016, the company signed a Memorandum of understanding with the Government of Andhra Pradesh to set up a new factory in Andhra Pradesh to manufacture tyres for two-wheelers and pick-up trucks.The company’s second plant in Europe, was inaugurated by the Hungarian Prime Minister, Viktor Orban, in April 2017.In May 2019, Apollo Tyres opened its first Apollo Truck Tyre Zone in Malaysia.
Ashok Leyland is an Indian automobile company headquartered in Chennai, India. It is owned by the Hinduja Group.It was founded in 1948 as Ashok Motors and became Ashok Leyland in the year 1955. Ashok Leyland is the second-largest manufacturer of commercial vehicles in India, the third-largest manufacturer of buses in the world, and the tenth-largest manufacturers of trucks. Headquartered in Chennai, its manufacturing facilities are spread across the country namely Ennore (Tamil Nadu), Bhandara (Maharashtra), Hosur (two units), Alwar (Rajasthan) and Pantnagar (Uttarakhand). Ashok Leyland also has manufacturing units spread across the globe with a bus manufacturing facility in Ras Al Khaimah (UAE), one at Leeds, United Kingdom and a joint venture with the Alteams Group for the manufacture of high-press die-casting extruded aluminum components for the automotive and telecommunications sectors. Ashok Leyland has recently been ranked as 34th best brand in India. In 2019, the company was awarded the AON Best Employers for India award. A US $2.3 billion company, and a footprint that extends across 50 countries, the company is one of the most fully-integrated manufacturing companies. Ashok Leyland has a product range from 1T GVW (Gross Vehicle Weight) to 55T GTW (Gross Trailer Weight) in trucks, 9 to 80-seater buses, vehicles for defense and special applications, and diesel engines for industrial, genset and marine applications.
Air India is the flag carrier airline of India, headquartered at New Delhi. It is owned by Air India Limited, a government-owned enterprise, and operates a fleet of Airbus and Boeing aircraft serving 102 domestic and international destinations. The airline has its hub at Indira Gandhi International Airport, New Delhi, alongside several focus cities across India. Air India is the largest international carrier out of India with an 18.6% market share. Over 60 international destinations are served by Air India across four continents. The airline became the 27th member of Star Alliance on 11 July 2014.
The airline was founded by J. R. D. Tata as Tata Airlines in 1932; Tata himself flew its first single-engine de Havilland Puss Moth, carrying air mail from Karachi’s Drigh Road Aerodrome to Bombay’s Juhu aerodrome and later continuing to Madras (currently Chennai). After World War II, it became a public limited company and was renamed as Air India. On 21 February 1960, it took delivery of its first Boeing 707 named Gauri Shankar and became the first Asian airline to induct a jet aircraft in its fleet. In 2000–01, attempts were made to privatise Air India and from 2006 onwards, it suffered losses after its merger with Indian Airlines.
ArcelorMittal S.A. is an Indian Luxembourgish multinational steel manufacturing corporation headquartered in Luxembourg City. It was formed in 2006 from the takeover and merger of Arcelor by Indian-owned Mittal Steel. ArcelorMittal is the world’s largest steel producer, with an annual crude steel production of 92.5 million metric tonnes as of 2018. It is ranked 120th in the 2019 Fortune Global 500 ranking of the world’s largest corporations.
Amtek Auto Limited
MTech Group, headquartered in India, is one of the largest integrated component manufacturers in India with a strong global presence. It has become one of the world’s largest global forging and integrated domestic companies. The group has operations in forgings, iron and aluminum casting, machining and sub-assembly.
Arvind Mills Limited
Arvind Limited (formerly Arvind Mills) is a textile manufacturer and the flagship company of the Lalbhai Group. Its headquarters are in Naroda, Ahmedabad, Gujarat, India, and it has units at Santej (near Kalol). The company manufactures cotton shirting, denim, knits and bottomweight (khaki) fabrics. It has also recently ventured into technical textiles when it started Advanced Materials Division in 2011. It is India’s largest denim manufacturerSanjaybhai Lalbhai is the current Chairman and Managing Director of Arvind and Lalbhai Group. In the early 1980s, he led the ‘Reno-vision’ whereby the company brought denim into the domestic market, thus starting the jeans revolution in India. Today it retails its own brands like Flying Machine, Newport and Excalibur and licensed international brands like Arrow, Tommy Hilfiger, and Calvin Klein through its nationwide retail network. Arvind also runs three clothing and accessories retail chains, the Arvind Store, Unlimited and Megamart, which stocks company brands.
State Bank of India
State Bank of India (SBI) is an Indian multinational, public sector banking and financial services statutory body headquartered in Mumbai, Maharashtra. SBI is the 43rd largest bank in the world and ranked 236th in the Fortune Global 500 list of the world’s biggest corporations of 2019. A nationalised bank, it is the largest in India with a 23% market share by assets and a 25% share of the total loan and deposits market.The bank descends from the Bank of Calcutta, founded in 1806 via the Imperial Bank of India, making it the oldest commercial bank in the Indian subcontinent. The Bank of Madras merged into the other two presidency banks in British India, the Bank of Calcutta and the Bank of Bombay, to form the Imperial Bank of India, which in turn became the State Bank of India in 1955. The Government of India took control of the Imperial Bank of India in 1955, with Reserve Bank of India (India’s central bank) taking a 60% stake, renaming it State Bank of India.
Bharat Forge Limited (BFL) is a Pune-based Indian multinational company involved in automotives, power, oil & gas, construction & mining, locomotive, marine and aerospace industries. The company has now entered into the defence sector and is moving from being a components manufacturer to a complete product maker. The company was founded by Dr. Nilkanthrao A. Kalyani, in 1961. The current chairman of the company is his son, Baba Kalyani. It is part of the Kalyani Group, which is a US$2.5 billion conglomerate with a 10,000 personnel strength global work force. Amit Kalyani, Baba Kalyani’s son, is the Executive Director of the company. Bharat Forge has signed a joint venture with France-based power generation company Alstom for turbines and generators. Alstom holds 51% of the shares and Bharat Forge 49% in the joint venture. Alstom Bharat Forge Power Ltd started its manufacturing facility at Sanand in Gujarat.In 2015, Bharat Forge had total sales of over US$1.3 billion and a market capitalisation of over US$4.5 billion.
Infosys Limited, is an Indian multinational corporation that provides business consulting, information technology and outsourcing services. The company is headquartered in Bangalore, Karnataka, India. Infosys is the second-largest Indian IT company after Tata Consultancy Services by 2017 revenue figures and the 596th largest public company in the world based on revenue. On 29 March 2019, its market capitalisation was $46.52 billion. The credit rating of the company is A− (rating by Standard & Poor’s).
Bharat Petroleum Corporation Limited (BPCL) is an Indian public sector oil and gas company headquartered in Mumbai, Maharashtra.The Corporation operates two large refineries of the country located in Kochi and Mumbai. The company is India’s 2nd largest downstream oil company and is ranked 275th on the Fortune list of the world’s biggest corporations as of 2019. BPCL ranked 672 in the Forbes 2018 list.
ITC Limited is an Indian multinational conglomerate company headquartered in Kolkata, West Bengal. Established in 1910 as the Imperial Tobacco Company of India Limited, the company was renamed as the India Tobacco Company Limited in 1970 and later to I.T.C. Limited in 1974. The company now stands renamed to ITC Limited, where “ITC” today is no longer an acronym or an initialised form. ITC has a diversified presence across industries such as Cigarettes, FMCG, Hotels, Packaging, Paperboards & Specialty Papers and Agribusiness. The company completed 100 years in 2010 and as of 2019–20, had an annual turnover of US$10.74 billion and a market capitalisation of US$35 billion. It employs over 36,500 people at more than 60 locations across India and is part of the Forbes 2000 list.
Zomato is an Indian restaurant aggregator and food delivery start-up founded by Deepinder Goyal and Pankaj Chaddah in 2008. Zomato provides information, menus and user-reviews of restaurants as well as food delivery options from partner restaurants in select cities. Zomato also began grocery delivery amid the COVID-19 outbreak. As of 2019, the service is available in 24 countries and in more than 10,000 cities.
Bharti Airtel Limited, also known as Airtel, is an Indian multinational telecommunications services company based in New Delhi, Delhi NCT. It operates in 18 countries across South Asia and Africa, and also in the Channel Islands. Airtel provides GSM, 3G, 4G LTE, 4G+ mobile services, fixed line broadband and voice services depending upon the country of operation. Airtel had also rolled out its VoLTE technology across all Indian telecom circles. It is the second largest mobile network operator in India and the fourth largest mobile network operator in the world with over 439.84 million subscribers. Airtel was named India’s 2nd most valuable brand in the first ever Brandz ranking by Millward Brown and WPP plc.Airtel is credited with pioneering the business strategy of outsourcing all of its business operations except marketing, sales and finance and building the ‘minutes factory’ model of low cost and high volumes. The strategy has since been adopted by several operators. Airtel’s equipment is provided and maintained by Ericsson, Huawei, and Nokia Networks whereas IT support is provided by Amdocs. The transmission towers are maintained by subsidiaries and joint venture companies of Bharti including Bharti Infratel and Indus Towers in India. Ericsson agreed for the first time to be paid by the minute for installation and maintenance of their equipment rather than being paid up front, which allowed Airtel to provide low call rates of ₹1 (1.4¢ US)/minute.
Glenmark Pharmaceuticals Limited is a pharmaceutical company headquartered in Mumbai, India that was founded in 1977 by Gracias Saldanha as a generic drug and active pharmaceutical ingredient manufacturer; he named the company after his two sons. The company initially sold its products in India, Russia, and Africa. The company went public in India in 1999, and used some of the proceeds to build its first research facility. Saldanha’s son Glenn took over as CEO in 2001, having returned to India after working at PricewaterhouseCoopers. By 2008 Glenmark was the fifth-biggest pharmaceutical company in India.By 2011 the founder of the company was one of the richest men in India, and Glenmark had worldwide sales of $778 million, a 37% increase over the last year’s sales; the growth was driven by Glenmark’s entry into the US and European generics markets.In the mid-2010s the generics industry in general began transitioning to the end of an era of giant patent cliffs in the pharmaceutical industry; patented drugs with sales of around $28 billion were set to come off patent in 2018, but in 2019 only about $10 billion in revenue was set to open for competition, and less the next year. Companies in the industry responded with consolidation or trying to generate new, patented drugs.Glenn Saldanha took the company down the path of seeking innovation, which was controversial within the company and with shareholders.
TVS Group is an Indian conglomerate with its principal headquarters located in Madurai and international headquarters in Chennai. One of its subsidiaries is TVS Motor Company. The group’s subsidiaries are owned by three holding companies, viz., TVS & Sons, Sundaram Industries and TVS Holding Companies. TVS & Sons is the parent company of the group.
Sundram Fasteners Limited
Sundaram Fasteners Limited is part of the TVis group of companies. It was founded in 1911 by TV Sundaram.
Vedanta Resources Limited is a global diversified metals and mining company with its headquarters in London, England. It is the largest mining and non-ferrous metals company in India and has mining operations in Australia and Zambia and oil and gas operations in three countries. Its main products are Zinc, Lead, Silver, Oil & Gas, Iron Ore, Steel, Aluminium and Power. It has also developed commercial power stations in India in Odisha (2,400 MW) and Punjab (1,980 MW).The company is primarily owned by the family of Anil Agarwal through Volcan Investments, a holding vehicle with a 61.7% stake in the business. Vedanta limited (formerly Sesa Goa / Sterlite) is one of the many Indian subsidiaries of Vedanta resources and operates iron ore mines in Goa.Vedanta was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index until Chairman, Anil Agarwal’s offer to take the company private went unconditional in September 2018.
Mahindra Group, is an Indian multinational conglomerate company headquartered in Mumbai, Maharashtra, India. It has operations in over 100 countries around the globe. The group has a presence in aerospace, agribusiness, aftermarket, automotive, components, construction equipment, defence, energy, farm equipment, finance and insurance, industrial equipment, information technology, leisure and hospitality, logistics, real estate, retail, and two wheelers. It is considered to be one of the most reputable Indian industrial houses with market leadership in utility vehicles as well as tractors in India.
Asian Paints Limited, is an Indian multinational paint company headquartered in Mumbai, Maharashtra. The company is engaged in the business of manufacturing, selling and distribution of paints, coatings, products related to home decor, bath fittings and providing of related services. Asian Paints is India’s largest and Asia’s third largest paints corporation. As of 2015, it has the largest market share with 54.1% in the Indian paint industry. Asian Paints is the holding company of Berger International.
Aurobindo Pharma Limited
Aurobindo Pharma Limited is a pharmaceutical manufacturing company headquartered in HITEC City, Hyderabad, India. The company manufactures generic pharmaceuticals and active pharmaceutical ingredients. The company’s area of activity includes six major therapeutic/product areas: antibiotics, anti-retrovirals, cardiovascular products, central nervous system products, gastroenterologicals, and anti-allergics. The company markets these products in over 125 countries. Its marketing partners include AstraZeneca and Pfizer.
Future Group is an Indian conglomerate company founded by Kishore Biyani, headquartered in Mumbai, Maharashtra, India. The company is known for having a significant prominence in Indian retail and fashion sectors, with popular supermarket chains like Big Bazaar and Food Bazaar, lifestyle stores like Brand Factory, Central, etc. The group also has a notable presence in integrated foods and FMCG manufacturing sectors. Future Retail Limited and Future Lifestyle Fashions Limited, two operating companies of Future Group, are among the top retail companies listed in BSE with respect to assets, and in NSE with respect to market capitalisation.Future Group is a corporate group and nearly all of its businesses are managed through its various operating companies based on the target sectors. For example, retail supermarket/hypermarket chains Big Bazaar, FBB, Food Bazaar, Food Hall, Hometown, etc. are operated by its retail division, Future Retail Limited, while its fashion and clothing outlets Brand Factory, Central, and Planet Sports are operated via another of its subsidiaries, Future Lifestyle Fashions Limited. Furniture is retailed through HomeTown stores in major cities and online. With these many fashion outlets and supermarkets, the group also promotes its fashion and sports brands like Indigo Nation, Spalding, Lombard, Bare, etc., and FMCGs like Tasty Treat, Fresh & Pure, Clean Mate, Ektaa, Premium Harvest, Sach, etc. It also has operating companies to cater specifically to internal financial matters and consulting within its group of companies.
HCL Technologies Limited, is an Indian multinational information technology (IT) services and consulting company headquartered in Noida, Uttar Pradesh, India. It is a subsidiary of HCL Enterprise. Originally a research and development division of HCL, it emerged as an independent company in 1991 when HCL entered into the software services business.
The company has offices in 44 countries including United Kingdom, United States, France, and Germany with a worldwide network of R&D, “innovation labs” and “delivery centers”, and 147,123 employees and its customers include 250 of the Fortune 500 and 650 of the Global 2,000 companies.
It operates across sectors including aerospace and defense, automotive, banking, capital markets, chemical and process industries, energy and utilities, healthcare, hi-tech, industrial manufacturing, consumer goods, insurance, life sciences, manufacturing, media and entertainment, mining and natural resources, oil and gas, retail, telecom, and travel, transportation, logistics & hospitality.HCL Technologies is on the Forbes Global 2000 list. It is among the top 20 largest publicly traded companies in India with a market capitalisation of $21.5 billion as of May 2019. As of July 2020, the company, along with its subsidiaries, had a consolidated annual revenue of ₹71,265 crore (US$10 billion).
Haldiram’s is a major potato chips and Indian sweets and snacks manufacturer based out of Delhi and Nagpur. The company has manufacturing plants in a wide variety of locations such as Nagpur, New Delhi, Gurgaon, Rudrapur and Noida. Haldiram’s has its own retail chain stores and a range of restaurants in Nagpur, Kolkata, Noida and Delhi.
Haldiram’s was founded in 1937 by Shri Ganga Bhishen Agarwal, fondly known as Haldiram in his household; as a retail sweets and namkeen shop in Bikaner, Rajasthan.In order to drive expansion, the company’s first manufacturing plant was started in Calcutta. In 1970, a larger manufacturing plant was established in Jaipur. Another manufacturing plant was established in New Delhi, the capital of India, in the early 1990s. In 2003, the company began the process of developing convenience foods to be marketed to consumers. In 2014, Haldiram’s was ranked 55th among India’s most trusted brands according to the Brand Trust Report; a study conducted by Trust Research Advisory. The company has grown at a tremendous pace over the years and in 2017 it was crowned as the country’s largest snack company, surpassing all other domestic and international competitors. Its products are available in more than 80 countries.
Hero Motocorp Limited, formerly Hero Honda, is an Indian multinational motorcycle and scooter manufacturer based in New Delhi, India. The company is the largest two-wheeler manufacturer in the world, and also in India, where it has a market share of about 46% in the two-wheeler category. The 2006 Forbes list of the 200 World’s Most Respected Companies had Hero Honda Motors ranked at #108. On 31 March 2013, the market capitalisation of the company was ₹30,800 crore (equivalent to ₹420 billion or US$5.9 billion in 2019).Hero Honda started its operations in 1984 as a joint venture between Hero Cycles (sometimes called Hero Group, not to be confused with the Hero Group food company of Switzerland) of India and Honda of Japan. In June 2012, Hero MotoCorp approved a proposal to merge the investment arm of its parent Hero Investment Pvt. Ltd. with the automaker. This decision came 18 months after its split from Hero Honda.”Hero” is the brand name used by the Munjal brothers for their flagship company, Hero Cycles Ltd. A joint venture between the Hero Group and Honda Motor Company was established in 1984 as the Hero Honda Motors Limited at Dharuhera, India. Munjal family and Honda group both owned 26% stake in the Company.
Hindalco Industries Limited an Indian aluminium and copper manufacturing company, is a subsidiary of the Aditya Birla Group. Its headquarters are at Mumbai, Maharashtra, India. It is the Flagship company in the metals business. The company has annual sales of US$15 billion and employs around 20,000 people. It is listed in the Forbes Global 2000 at 895th rank. Its market capitalisation by the end of May 2013 was US$3.4 billion. Hindalco is one of the world’s largest aluminium rolling companies and one of the biggest producers of primary aluminium in Asia.
InMobi is an Indian global mobile advertising technology company based out of Bangalore, India. Its mobile-first platform allows brands, developers and publishers to engage consumers through contextual mobile advertising.
The company was founded in 2007 under the name mKhoj by Naveen Tewari, Mohit Saxena, Amit Gupta and Abhay Singhal. In 2008, it was enhanced from SMS-based services to mobile advertising and rebranded as InMobi. In 2011, InMobi became the first Indian unicorn startup company.The company is backed by Soft Bank, Kleiner Perkins Caufield & Byers and Ram Shriram’s Sherpalo Ventures. InMobi has raised a total of US$215.6 million in three rounds of funding – US$0.5 million in 2007, US$7.1 million in Series A funding in 2008, US$8 million in Series B funding in 2010, US$200 million in Series C funding in 2011.InMobi has 22 offices in 12 countries across 5 continents and employs around 1000 people. InMobi provides mobile advertising solutions and competes with Facebook and Google in the mobile advertising front.
Micromax is an Indian smartphone manufacturer and consumer electronics company headquartered in Gurugram, Haryana, India. It was established as an IT software company operating in the embedded devices domain. It later entered the mobile handset business. By 2010, Micromax was one of the largest domestic companies making handsets in the low-cost feature phone segment in India. As of Q3 2014, Micromax is the tenth largest smartphone vendor in the world. The company is facing stiff competition from Chinese companies that are penetrating the Indian market. The company also owns YU Televentures, which sells the products under the brand name YU. It has recently launched its new mobile phone series IN.
Mindtree Limited is an Indian multinational information technology and outsourcing company headquartered in Bangalore, India and New Jersey, USA. It is part of the Larsen & Toubro group. Founded in 1999, the company employs approximately 21,991 employees with an annual revenue of ₹7839.9 crore (US$1.1 billion).The company deals in e-commerce, mobile applications, cloud computing, digital transformation, data analytics, Testing, enterprise application integration and enterprise resource planning, with more than 307 active clients and 43 offices in over 18 countries, as of 31 March 2019.
Reliance Anil Dhirubhai Ambani Group or popularly known as Reliance ADA Group or simply Reliance Group is an Indian conglomerate, headquartered in Mumbai, India. The company, which was formed after Dhirubhai Ambani’s business was divided up, is headed by his younger son Anil Ambani.
Reliance Group has six listed companies. Reliance Power, Reliance Infrastructure, Reliance Capital, Reliance Entertainment, Reliance Home Finance and Reliance Health. The group provides financial services, construction, entertainment, power, health care, manufacturing, defence, aviation, and transportation services.
Tata Group is an Indian multinational conglomerate company, headquartered in Mumbai, Maharashtra, India. Founded in 1868 by Jamsetji Tata, the company gained international recognition after purchasing several global companies. It is one of the biggest and oldest industrial groups in India. Each Tata company operates independently under the guidance and supervision of its own board of directors and shareholders.
Significant Tata affiliates include Tata Chemicals, Tata Communications, Tata Consultancy Services, Tata Consumer Products, Tata Elxsi, Tata Motors, Tata Power, Tata Steel, Jamshedpur FC, Tanishq, Voltas, Tata Cliq, Tata Projects Limited, Tata Capital, Titan, Trent, Indian Hotels Company Limited, TajAir, Vistara, Cromā and Tata Starbucks.
Jubilant Life Sciences Limited is an integrated global pharmaceutical and life sciences company engaged in pharmaceuticals, life sciences materials, drug discovery solutions and India branded pharmaceuticals.
Oil and Natural Gas Corporation (ONGC)
Oil and Natural Gas Corporation (ONGC) is an Indian public sector multinational crude oil and gas company. Its registered office is in New Delhi. It is owned by the Government of India, under the administrative control of the Ministry of Petroleum and Natural Gas. It is the largest oil and gas exploration and production company in the country, and produces around 70% of India’s crude oil (equivalent to around 57% of the country’s total demand) and around 84% of its natural gas. In November 2010, the Government of India conferred the Maharatna status to ONGC.In a survey by Government of India for fiscal year 2019–20, it was ranked as the largest profit making PSU in India. It is ranked 7th among the Top 250 Global Energy Companies by Platts.ONGC was founded on 14 August 1956 by Government of India. It is involved in exploring for and exploiting hydrocarbons in 26 sedimentary basins of India, and owns and operates over 11,000 kilometers of pipelines in the country. Its international subsidiary ONGC Videsh currently has projects in 17 countries. ONGC has discovered 6 of the 7 commercially producing Indian Basins, in the last 50 years, adding over 7.15 billion tonnes of In-place Oil & Gas volume of hydrocarbons in Indian basins. Against a global decline of production from matured fields, ONGC has maintained production from its brownfields like Mumbai High, with the help of aggressive investments in various IOR (Improved Oil Recovery) and EOR (Enhanced Oil Recovery) schemes. ONGC has many matured fields with a current recovery factor of 25–33%. Its Reserve Replacement Ratio for between 2005 and 2013, has been more than one. During FY 2012–13, ONGC had to share the highest ever under-recovery of INR 89765.78 billion (an increase of INR 17889.89 million over the previous financial year) towards the under-recoveries of Oil Marketing Companies (IOC, BPCL and HPCL). On 1 November 2017, the Union Cabinet approved ONGC for acquiring majority 51.11% stake in HPCL (Hindustan Petroleum Corporation Limited). On Jan 30th 2018, Oil & Natural Gas Corporation acquired the entire 51.11% stake of Hindustan Petroleum Corporation.
Sun Pharmaceutical Industries Limited
Sun Pharmaceutical Industries Limited (d/b/a Sun Pharma) is an Indian multinational pharmaceutical company headquartered in Mumbai, Maharashtra, that manufactures and sells pharmaceutical formulations and active pharmaceutical ingredients (APIs) primarily in India and the United States. The company offers formulations in various therapeutic areas, such as cardiology, psychiatry, neurology, gastroenterology and diabetology. It also provides APIs such as warfarin, carbamazepine, etodolac, and clorazepate, as well as anti-cancers, steroids, peptides, sex hormones, and controlled substances.
Bira 91 is a craft beer brand manufactured by B9 Beverages Pvt. Ltd. It was launched in 2015. The company’s first brewery unit was located in Flanders region of Belgium where a craft distillery was used to contract manufacture the beer with ingredients from France, Belgium, Himalayas and Bavarian Farms and the beer was imported to India. After initial success, the company thereafter began manufacturing the beer in India with the same ingredients. Made from wheat, barley and hops, the beer is available in draft, 330ml, 650ml bottles and 500ml cans. Bira raises $10 million in debt funding, to ramp up output. The company is expected to use the proceeds to ramp up its production capacity to about 1.7 million cases, up from its current 400,000 cases, sources told ET, with a significant amount also to go towards brand building.
Dabur (derived from Daktar Burman) is an Indian consumer goods company founded in 1884 by S. K. Burman. It manufactures Ayurvedic medicine and natural consumer products. It is one of the largest fast-moving consumer goods companies in India.
Dr. Reddy's Laboratories
Dr. Reddy’s Laboratories is an Indian multinational pharmaceutical company located in Hyderabad, Telangana, India. The company was founded by Anji Reddy, who previously worked in the mentor institute Indian Drugs and Pharmaceuticals Limited. Dr. Reddy’s manufactures and markets a wide range of pharmaceuticals in India and overseas. The company has over 190 medications, 60 active pharmaceutical ingredients (APIs) for drug manufacture, diagnostic kits, critical care, and biotechnology products.
Eicher Motors Limited (EML) is an Indian manufacturer of motorcycles and commercial vehicles. Eicher is the parent company of Royal Enfield, a manufacturer of middleweight motorcycles. In addition to motorcycles, Eicher has a joint venture with Sweden’s Volvo Trucks – Volvo Eicher Commercial Vehicles Limited (VECV).
Hidesign is a leather goods manufacturer based in Pondicherry, India. In 2018, the company had operations in 24 countries including USA, UK, Australia, Kenya, UAE, Spain, Portugal, New Zealand and Sri Lanka. The leather goods segment of Hidesign contributes to 160 crore of revenue.
Indian Oil Corporation
Indian Oil Corporation Limited (IOCL), d/b/a IndianOil is an Indian public sector oil and gas company headquartered in New Delhi. It is the largest commercial oil company in the country, with a net profit of ₹19,106 crore (US$2.848 billion) for the financial the year 2016–17. It is ranked 1st in Fortune India 500 list for year 2016 and 117th in Fortune Global 500 list of world’s largest companies in the year 2019. As of 31 March 2017 IndianOil’s employee strength is 33,135, out of which 16,545 are in the officer cadre. It is India’s largest downstream oil company, with a workforce of more than 33,000 employees, a turnover of ₹5,06,428 crore and a net profit of ₹21,346 crore in 2017–18.IndianOil’s business interests overlap the entire hydrocarbon value-chain, including refining, pipeline transportation, marketing of petroleum products, exploration and production of crude oil, natural gas and petrochemicals.IndianOil has ventured into alternative energy and globalisation of downstream operations. It has subsidiaries in Sri Lanka (Lanka IOC), Mauritius (IndianOil (Mauritius) Ltd) and the Middle East (IOC Middle East FZE).In May 2018, IOCL become India’s most profitable state-owned company for the second consecutive year, with a record profit of ₹21,346 crores in 2017–18, followed by Oil and Natural Gas Corporation, whose profit stood at ₹19,945 crores. In February 2020, the company signed a deal with the Russian oil company Rosneft to buy 40,000 barrels per day of crude in year 2020. From 1 April 2020, The Indian Oil is in absolute readiness to launch BS-VI (Bharat Stage VI) fuels in all its retail outlets in Telangana and adopt world-class emission norms.
Larsen & Toubro
Larsen & Toubro Limited, commonly known as L&T, is an Indian technology, engineering, construction, manufacturing and financial services conglomerate headquartered in Mumbai, Maharashtra, India. It was founded by two Danish engineers taking refuge in India. The company has business interests in basic and heavy engineering, construction, realty, manufacturing of capital goods, information technology, and financial services. As of 2020, L&T Group comprises 118 subsidiaries, 6 associates, 25 joint-venture and 35 joint operations companies.
Ola Cabs (stylised as OLΛ) is an Indian ridesharing company offering services that include vehicle for hire and food delivery. The company is based in Bangalore, Karnataka, India and was developed by ANI Technologies Pvt. Ltd. As of October 2019, Ola was valued at about $6.5 billion A variety of venture capitalists including Softbank have large stakes in the company.Ola Cabs was founded on 3 December 2010 as an online cab aggregator in Mumbai, and is now based in Bangalore. As of 2019, the company has expanded to a network of more than 15 lakh (1.5 million) drivers across 250 cities. In November 2014, Ola diversified to incorporate auto rickshaws on a trial basis in Bangalore. After the trial phase, Ola Auto expanded to other cities like Delhi, Pune, Chennai and Hyderabad starting in December 2014.
In January 2018, Ola extended into its first overseas market, Australia, and in New Zealand in September 2018. In March 2019, Ola began its UK operations introducing auto rickshaws in UK. More than 10,000 drivers have applied both in online and offline mode ahead of its launch in London. In February 2020, Ola launched its taxi-hailing services with over 25,000 drivers registered.
Punj Lloyd is an Indian engineering procurement and construction contractor providing services for energy, infrastructure and defense sectors. The company’s operations are spread across the Middle East and Africa, Asia Pacific, South Asia and Europe. The group includes over 50 subsidiaries and has executed many projects in more than 60 countries. The company is headquartered in Gurgaon, Haryana, India, and its stock is listed on the Bombay Stock Exchange and National Stock Exchange of India.
Indian Hotels Company Limited
The Indian Hotels Company Limited (IHCL) is an Indian hospitality company that manages a portfolio of hotels, resorts, jungle safaris, palaces, spas and in-flight catering services. It is a subsidiary of the Tata Group conglomerate. IHCL was founded in 1868 by Jamsetji Tata and is headquartered in Mumbai, Maharashtra. It has more than 196 hotels in 80 locations across 4 continents and in 12 countries, with over 20,000 rooms and 25,000 employees.
United Spirits Limited
United Spirits Limited, abbreviated to USL, is an Indian alcoholic beverages company, and the world’s second-largest spirits company by volume. It is a subsidiary of Diageo, and headquartered at UB Tower in Bangalore, Karnataka. USL exports its products to over 37 countries.According to the official website of the company, as of March 2013, USL has more than 140 liquor brands, of which 15 brands each sell more than one million cases annually while 3 brands each sell more than 10 million cases annually.
Gokaldas Exports, incorporated in 1995, is India’s largest exporter of clothing. The company produces blazers and pants (formal and casual), shorts, shirts, blouses, denim wear, swimming wear, active and sports wear. The company has received ISO 9001: 2000 certification for its quality management.
Rico Auto Industries Limited
RICO is a world-class engineering company that supplies a wide range of high precision fully machined aluminum and iron components and assemblies for automotive OEMs worldwide. Rico’s consolidated group turnover exceeds US $ 245 million. Rico’s integrated services include design, development, tooling, casting, machining and a combination of ferrous and aluminum products.
Bajaj Group is an Indian multinational conglomerate company founded by Jamnalal Bajaj in Mumbai in 1926. Bajaj Group is one of the oldest and largest conglomerates based in Mumbai, Maharashtra. The group comprises 34 companies and its flagship company Bajaj Auto is ranked as the world’s fourth largest two- and three-wheeler manufacturer. Some of the notable companies are Bajaj Auto Ltd, Bajaj Finserv Ltd, Hercules Hoists Ltd, Bajaj Electricals, Mukand Ltd, Bajaj Hindusthan Ltd and Bajaj Holding & Investment Ltd. The group has involvement in various industries that include automobiles (2- and 3-wheelers), home appliances, lighting, iron and steel, insurance, travel and finance.
Zoho Corporation, is an Indian multinational technology company that specializes in Software as a service, software development and cloud computing. It is best known for online office suite named Zoho. The company was founded in 1996 by Sridhar Vembu and Tony Thomas and has a presence in seven locations with its global headquarters in Chennai, India, and corporate headquarters in Pleasanton, California.
Suzlon Energy Limited (NSE:SUZLONEQ, BSE:532667) is an Indian wind turbine manufacturer based in Pune, India. It was formerly ranked by MAKE as the world’s fifth largest wind turbine supplier. In 1995, founder Tulsi Tanti was managing a 20-employee textile company. Due to the erratic availability of power locally, and its rising costs, the highest business expenditure after the raw materials was electricity. The cost of electricity also offset any profits made by the company.
Café Coffee Day
Café Coffee Day (CCD) is an Indian café chain. It is a subsidiary of Coffee Day Enterprises Limited. Coffee Day serves 160 crore (1.6 billion) cups of coffee annually in six countries. Internationally, CCDs are present in Austria, Czech Republic, Malaysia, Nepal and Egypt.
Hindustan Petroleum Corporation Limited (HPCL) is an Indian public sector oil and gas company. It is a subsidiary of ONGC with its headquarters in Mumbai, Maharashtra. It has a 25% market-share in India among public sector undertakings (PSUs) coupled with a strong marketing infrastructure. Its parent company is ONGC which owns a 51.11% stake in the company. The company is ranked 367th on the Fortune Global 500 list of the world’s biggest corporations as of 2016. HPCL was removed from NIFTY 50 INDEX in March 2019 On 24 October 2019, the company became a Maharatna PSU.
JSW Group, is an Indian multinational conglomerate company based in Mumbai, India. It is led by Sajjan Jindal and part of the Jindal Group.
Earlier, the name was Jindal South West. Later, the company adopted the name of JSW to promote it as a brand. Now the group has footprints across various sectors: Steel, Energy, Minerals, Port & Infrastructure, and Cement, across India, the US, South America, and Africa. JSW Steel Ltd, JSW Energy, JSW Infrastructure, and Ispat industries Ltd are subsidiaries of JSW Group.Today, JSW Energy has a power generation capacity of 4531 megawatts. JSW Steel has one of the world’s largest single blast furnaces with a capacity of 4.8 MTPA, taking JSW’s overall installed capacity to 23 MTPA. JSW Steel is India’s leading private sector steel producer. The headquarters for JSW group are located at JSW Centre, in Kalina, Mumbai.In April 2019, JSW group announced their venture into consumer goods industry with JSW Living as their consumer brand entity.The JSW Group announced the establishment of JSW Paints on 2 May 2019. The venture was set up with a total investment of ₹600 crore (US$84 million), with ₹250 of equity investment and a ₹350 crore debt investment from Axis Bank.
Marico Limited is one of India’s leading consumer goods companies providing consumer products and services in the areas of health, beauty and wellness. With its headquarters in Mumbai, Maharashtra, India, Marico is present in over 25 countries across emerging markets of Asia and Africa. It owns brands in categories of hair care, skin care, edible oils, health foods, male grooming, and fabric care.As of 2018-19, the company generated a turnover of ₹7,334 crores. Marico has 8 factories in India located at Pondicherry, Perundurai, Kanjikode, Jalgaon, Paldhi, Dehradun, Baddi and Paonta Sahib. In Bangladesh, Marico operates through Marico Bangladesh Limited, a wholly owned subsidiary. Its manufacturing facility is located at Shirirchala, in Dhaka Division.
Motherson Sumi Systems
Motherson Sumi Systems Limited (MSSL) was established in 1986 and is part of the Motherson Group. Motherson Sumi Systems Ltd. is a joint venture between Samvardhana Motherson International Ltd of India and Sumitomo Wiring Systems Ltd. (SWS) of Japan. A collaboration with Tokai Electric Co. (now SWS) in 1983 led to the incorporation of Motherson Sumi Systems in 1986, primarily as a wiring harness manufacturer. The company was listed in 1993 on BSE and NSE in India. Motherson Sumi Systems is one of the largest manufacturers of wiring harnesses for commercial vehicles and rearview mirrors for passenger cars in the world and India’s largest manufacturer of automotive wiring harnesses and mirrors for passenger cars. It is also a leading supplier of plastic modules and components in Europe and India. Motherson Sumi Systems is currently the largest auto parts provider in India and was listed among the Fab 50 companies of India by Forbes magazine It has been ranked No. 1 auto ancillary in India for seven consecutive years by Fortune India 500. The Motherson Group is ranked 21st among global automotive suppliers by Automotive News. As of March 2018 – 2019, the company, along with its subsidiaries, had a consolidated revenue of US$9.1 billion.
Piramal Group is an Indian conglomerate diverse interests in pharma, financial services, real estate and glass packaging. The group has offices in over 30 countries and a global brand presence in more than 100 markets. It presence across various sectors such as healthcare, life sciences, drug discovery, healthcare information management, specialty glass packaging, financial services and real estate.
Oyo Rooms (stylised as OYO), also known as Oyo Hotels & Homes, is an Indian hospitality chain of leased and franchised hotels, homes and living spaces. Founded in 2013 by Ritesh Agarwal, OYO initially consisted mainly of budget hotels. The startup expanded globally with thousands of hotels, vacation homes and millions of rooms in India, Malaysia, UAE, Nepal, China, Brazil, Mexico, UK, Philippines, Japan, Saudi Arabia, Sri Lanka, Indonesia, Vietnam, the United States and more.The company’s investors include SoftBank Group, Didi Chuxing, Greenoaks Capital, Sequoia India, Lightspeed India, Hero Enterprise, Airbnb and China Lodging Group.
Old Monk Rum is an iconic vatted Indian dark rum, launched in 1954. It is blended and aged for a minimum of 7 years. It is a dark rum with a distinct vanilla flavour, with an alcohol content of 42.8%. It is produced in Ghaziabad, Uttar Pradesh.
There is no advertising, its popularity depends on word of mouth and loyalty of customers. However, in 2013 Old Monk lost its rank as the largest selling dark rum to McDowell’s No.1 Celebration Rum. Old Monk has been the biggest Indian Made Foreign Liquor (IMFL) brand for many years.Old Monk was ranked 5th among Indian spirits brands at the Impact International’s 2008 list of “Top 100 Brands At Retail Value” with a retail value of US$240 million.It is sold in six size variants: 90 ml, 180 ml, 375 ml, 500ml, 750 ml, and 1 litre bottles. Old Monk had been awarded gold medals at Monde World Selections since 1982.
Rajesh Exports Limited is a gold retailer in India which refines, designs, and sells gold and jewelry. The company ranked 495th on the Fortune Global 500 in 2019, with revenues of more than $25,142 million, making it the eighth largest company in India by revenue. The present managing director is Prashant Mehta and the executive chairman is Rajesh Mehta.
Sahara India Pariwar
Sahara India Pariwar is an Indian conglomerate headquartered in Lucknow, India. The group operates business sectors like finance, infrastructure & housing, media & entertainment, health care, education, hospitality and information technology. The group has been a major promoter of sports in India and was the title sponsor of the Indian national cricket team, Indian national hockey team and Bangladesh national cricket team, Force India Formula One team among many other sports.
Satyam Computer Services Limited
Mahindra Satyam (formerly Satyam Computer Services Limited) was an Indian information technology (IT) services company based in Hyderabad, India, offering software development, system maintenance, packaged software integration and engineering design services. Satyam Computer Services was listed on the Pink Sheets, the National Stock Exchange and Bombay Stock Exchange and provided services to a wide range of customers including 185 Fortune 500 companies.In January 2009 the company’s founder and chairman by Ramalinga Raju admitted inflating the company’s assets by $1 billion, leading to criminal charges and a collapse of the company’s stock price. In April 2009 the $14 billion Mahindra Group’s IT arm, Tech Mahindra, purchased a major stake in the company and in June 2009 the company renamed itself Mahindra Satyam. Mahindra Satyam merged with Tech Mahindra on 24 June 2013.
Thermax Limited (BSE: 500411, NSE: THERMAX), is an engineering company involved in energy and the environment.
It was founded as a family concern in 1966 by A. S. Bhathena and later taken over by his son-in-law, Rohinton D. Aga (R. D. Aga), who served as the Chairman and Managing Director until his death in 1996. The company went public in 1995. After his death, R. D. Aga’s wife, Anu Aga, who was heading HR at the time, became the chairperson.
Anu Aga was the chairperson of the company from 1996 to 2004, till she handed over the reins to her daughter, Meher Pudumjee. In 2007, Anu Aga made it to the List of Richest Indians by Net Worth according to Forbes magazine.Ashish Bhandari is currently the MD and CEO of the company.
Titan Company Limited (earlier known as Titan Industries Limited) is an Indian luxury goods company that mainly manufactures fashion accessories such as watches, jewellery and eyewear. Part of the Tata Group, the company is headquartered in Electronic City, Bangalore.
It commenced operations in 1984 under the name Titan Watches Limited. In 1994, Titan diversified into jewellery with Tanishq and subsequently into eyewear with Titan Eyeplus. In 2013, Titan entered the fragrances segment with the brand Skinn and later that year, it ventured into the helmets category under its brand Fastrack.Also, Titan announced recently (during the last quarter of 2016) about launching a series of affordable smartwatches under its brands like Sonata and Fastrack soon.Today, Titan Company is Tata Group’s largest consumer company.
UPL Limited, (formerly United Phosphorus Limited), is an Indian multinational company that manufactures and markets agrochemicals, industrial chemicals, chemical intermediates, and specialty chemicals, and also offers crop protection solutions. Headquartered in Mumbai, Maharashtra, the company engages in both agro and non-agro activities. The agro business is the company’s primary source of revenue and includes the manufacture and marketing of conventional agrochemical products, seeds and other agricultural related products. The non-agro segment includes the manufacture and marketing of industrial chemical and other non agricultural related products such as fungicides, herbicides, insecticides, plant growth and regulators, rodenticides, industrial and specialty chemicals, and nutrifeeds. UPL products are sold in 150+ countries.United Phosphorus Limited was established on 29 May 1969. The company changed its name to UPL Limited in October 2013.On 20 July 2018, UPL signed a US$4.2 billion agreement with Platform Specialty Products Corporation (now Element Solutions Inc.) to acquire control of Arysta LifeScience Inc. The acquisition was completed in February 2019, making UPL the fifth largest generic agrochemicals company in the world after Bayer, Dupont, Syngenta and BASF.
Wipro Limited is an Indian multinational corporation that provides information technology, consulting and business process services. It is headquartered in Bangalore, Karnataka, India. In 2013, Wipro separated its non-IT businesses and formed the privately owned Wipro Enterprises.
Wockhardt Ltd. is a global pharmaceutical and biotechnology company headquartered in Mumbai, India. The company has manufacturing plants in India, UK, Ireland, France and US, and subsidiaries in US, UK, Ireland and France. It is a global company with more than half of its revenue coming from Europe. In 2011–2012 its UK and USA sales alone were US$475 million. It has market presence in emerging markets such as Russia, Brazil, Mexico, Vietnam, Philippines, Nigeria, Kenya, Ghana, Tanzania, Uganda, Nepal, Myanmar, Sri Lanka, Mauritius, Lebanon and Kuwait. The Company has a market capitalisation of over ₹211 billion (US$3.0 billion) and an annual turnover of ₹36 billion (US$500 million). It produces formulations, biopharmaceuticals, nutrition products, vaccines and active pharmaceutical ingredients (APIs). The company employs over 8,600 people globally. Wockhardt Hospitals is a subsidiary of the Wockhardt Group. Wockhardt Global School is a subsidiary of the Wockhardt Group.
Essel Group (alternatively referred to as the Zee Group) is an Indian conglomerate holding company and corporate promoter headquartered in Mumbai, Maharashtra, India. The company has had business interests in mass media, broadcasting infrastructure and packaging. It operates the subsidiaries of Zee Media Corporation, Zee Entertainment Enterprises, Dish TV and Siti Networks.The group has been reported to be encumbered with severe debt; a Businessworld article described the company as debt-ridden. As a result, it has conducted several assets sale including the sale of Essel Propack and stake sales of Zee Entertainment Enterprises. Founded in 1926 as the Messrs Ramgopal Indraprasad by Jagannath Goenka, the company was expanded and converted into the Essel Group of Industries by the his grandson, Subhash Chandra. Chandra is part of the Goenka (Goel) family which owns and operates the group, he is also the chairman of the company and a Bharatiya Janata Party backed member of the Rajya Sabha.
Bharti Enterprises Limited, is an Indian multinational Conglomerate Company headquartered in New Delhi, India. It was founded in 1976 by Sunil Bharti Mittal. Bharti Enterprises owns businesses spanning across manufacturing, telecommunications, agribusiness, financial services, real estate, hospitality, agri and food. Bharti Airtel, the group’s flagship company, is a telecom company with operations in more than 18 countries across Asia, North America, Africa & Europe. The Company ranks amongst the top three mobile service providers globally in terms of subscribers.
Mu Sigma is an Indian decision sciences firm that primarily offers data analytics services. The firm’s name is derived from the statistical terms “Mu (μ)” and “Sigma (σ)” which symbolize the mean and the standard deviation, respectively, of a probability distribution. Mu Sigma is headquartered in Chicago, Illinois and has a global delivery center in Bangalore.