Multinational Companies are the giant companies having their origin in one country and running their operations in more than one country. The Indian economy is one of the fastest growing economies in the world which offers a huge market to the multinational companies.
Multinational corporation can be termed as an organisation that manages production and delivers its services in more than one country.
A company can only be called as an MNC if it has subsidiaries in foreign lands, whose assets and revenue are meant for global operations, and its stakeholders are from different countries. Such enterprises maintain, create employment, create wealth and improve technology in countries. These either can be horizontally integrated, diversified or vertically integrated multinational corporation which may engage in a variety of different businesses.
The history of MNC’s concept can be dated back to early 20th century. The first MNC in India was the East India Company.
There are lots of advantages that the host countries of the MNCs has such as increase in investment level, greater availability of products for local customers, transfer of technology, capital and entrepreneurship, increase in exports & decrease in imports etc.
Plus having MNCs subsidiaries in the home country has its benefits too, such as acquisition of raw materials from abroad, adoption of technological expertise fom the global markets, Exports of components and finished goods, inflows of income from overseas profit, management contracts, royalties etc.
Due to the presence of high demand and potential many multinational companies are coming to India to expand their business. Here is the list of Top 10 Multinational Companies in India., that you must have a look at!
This South Korean brand has acquired the tenth place in the list of Top 10 Multinational Companies in India. The company’s headquarters is situated in Seoul, South Korea and was founded in the year 1958.
This electronics pioneer offers business spread across four units, viz. Home Entertainment, Mobile Communications, Home Appliance & Air Solutions.
9. Sony Corporation
Sony occupies the ninth position in the list of Top 10 Multinational Companies in India.. Sony Corporation is a Japanese Multinational Company came into existence in 1946 and operates in the sector of electronics, music and entertainment.
Sony Corporation started its operations in India in 1994 and manufactures televisions, mobile phones, cameras, playstations, headphones, memory card, etc.
PepsiCo is another American company in this list, which manufactures snack foods, beverages and other products. It was founded in the year 1965 after the merger of Pepsi Cola Company and Frito Lay and presently operates in Asia, North America, South America, Africa and Europe.
PepsiCo operates in India through its subsidiary, Pepsico India Holding Private Limited, which manufactures popular brands like Kurkure, Lay’s, Cheetos, Lehar Namkeen, Uncle Chipps, 7Up, Pepsi, Mountain Dew, Slice, etc.
7. Citi Group
Next MNC on this list is Citi Group, which is an American Banking Services Corporation incorporated in the year 1998 after the merger of Citicorp and Travelers Group. Citigroup made debut in India in 1902 through its subsidiary, Citibank, which presently has more than 40 branches in over 30 cities in India.
Headquartered in New York, Citi Group owns the World’s largest financial network with operations in over 150 countries across the globe.
IBM is ranked 6th in the list of Top 10 Multinational Companies in India.. Headquartered in Bangalore, IBM India Private Limited started its operation in 1992 and is today a leading company of information technology in India. Its products and services in India include IT services, business consulting, application management, servers and storage solutions.
IBM India Private Limited is an Indian subsidiary of IBM, an American multinational company established in 1911 by Thomas J. Watson and Charles Ranlett Flint.
5. Coca Cola
Coca Cola is an American Beverage Company founded in the year 1886 by Asa Griggs Candler and started its operations in India through its subsidiary Coca Cola India Private Limited.
4. Procter & Gamble
Procter & Gamble is a globally acclaimed consumer goods company established in the year 1837 by William Procter and James Gamble. It started its operations in India in the year 1964 and presently serves customers with products like Gillette, Vicks, Olay, Pantene, Ariel, Tide, etc.
Procter & Gamble India operates more than 10 manufacturing plants across the country and serves more than 600 million customers.
Next is Nestle India, a part of Nestle S.A, a Switzerland based food and beverage company. Nestle made debut in India in 1912 by selling imported products and is presently a leading food and beverage company in India.
Some of its most selling products are Nescafe, Maggi, Nestle Milk, Kitkat, Bar one, Nestea, Nestle Slim Milk, Nestle Dahi, etc.
Microsoft Corporation India is a subsidiary of Microsoft Corporation, an American multinational company incorporated in the year 1975.
Headquartered in Hyderabad, Microsoft Corporation India started its operations in India in the year 1990, Since then it worked closely with the Government of India and IT industry. It has contributed tremendously in the development of technology and is the leading company in India for providing operating system for computers, laptops, tablets and mobile phones
1. Apple Inc
On the 1st position is Apple Inc, an American Multinational Company, founded in the year 1976. It develops and sells computers, laptops, softwares and online services.
Apple is a world renowned consumer electronics company and some of its best known products are iPhone, iPad, iPod and Mac line of computers.