Multinational Companies in India (MNC)
About Multinational CompaniesIn turn, India also derives a lot of benefits from MNCs such as higher level of investment, reduction in technological gap, optimum utilization of natural resources, reduction in foreign exchange gap and boost to basic economic structure. But roses do not come without thorns.
With just a few days left for the announcement of the Union Budget 2016, a survey has found that the youth’s desire to work in startups has increased from 8% to 14%. While half of the respondents conveyed their intention to start their own company, a marginal ¾ students actually didn’t have any idea as to how to take the ideas forward. Therefore, a majority of students looking for stable job opportunities would want to work with an MNC or some SME.
In India, a large number of MNCs are operating. So, here we have compiled a list of a couple of major MNCs in India:
List of Top 10 MNCs
|Microsoft Corporation||Nokia Corporation|
|Procter and Gamble||International Business Machines (IBM)|
Microsoft CorporationIn 2014, the total revenue of Microsoft Corporation was US$ 86.83 billion and its operating income was US$ 27.76 billion. Its net income stood at US$ 22.07 billion and its total assets were worth US$ 172.38 billion. Its total equity in that year was US$ 89.78 billion. As of June 2014, it had 1,28,076 employees.
Its major products and services can be enumerated as below:
On 29 December, 2015 Microsoft India- the Indian subsidiary of the legendary American software company Microsoft Corporation signed a MoU(Memorandum of Understanding) with the Government of Andhra Pradesh on an extensive range of technology initiatives. While Microsoft CEO Satya Nadella represented Microsoft Corporation, the Andhra Pradesh government was represented by the state’s chief minister N. Chandrababu Naidu. Recently, Microsoft Corporation has partnered with India’s fourth largest software services exporter HCL. The two companies have decided to launch an incubation centre for the Internet of Things (IoT).
Nokia CorporationThe company was founded at Tampere, the Grand Duchy of Finland in 1865 by Leo Mechelin and Fredrik Idestam. Its Chairman is Risto Siilasmaa and its President and CEO is Rajeev Suri. Timo Ihamuotila serves as its CFO. In 2014, its revenue stood at €12.73 billion and its operating income was €1.63 billion. In the same year, its net income was €1.17 billion and its total asset worth was €21.06 billion. Its total equity for that year was €8.67 billion.
On 11 February 2016, Nokia and IIT-Madras announced a three-year partnership to explore the possibility of using unlicensed radio spectrum to deliver broadband connectivity. Nokia Corporation has shown its willingness in funding the project through its Corporate Social Responsibility research programme for rural development. Plus, the MNC would provide technological expertise to IIT-M’s Centre of Excellence for Wireless Technology (CEWiT).
NestleNestle is one of the top names in the world of food and beverages across the world. Its focus is on providing the very best in healthful and tasty food segment to its consumers all over at each and every stage of their lives and at any time they please. It has been in existence for more than 140 years and operates in at least 197 countries. In 2014, it earned CHF 91.6 billion in sales. Its operating income for that year was CHF 10.90 billion and it earned profits of CHF 10.02 in 2013. In 2013, its assets were worth CHF 120.44 billion and its total equity was CHF 64.14 billion. It employed 3,39,000 people in various capacities in 2014. Its objective is to be the top name in the world of nutrition, wellness and health.
The company was founded by Henri Nestle, George Page and Charles Page as Anglo-Swiss Condensed Milk Company in 1866. Its head offices are at Vevey in Vaud, Switzerland. At present, its Chairman is Peter Brabeck-Letmathe, its CFO is Wan Ling Martello and its CEO is Paul Bulcke. It has more than 2,000 brands across the world in the following product segments and more:
|Baby Food||Dairy Products|
|Bottled Water||Pet Food|
Coca ColaOne of the leading global brands in beverages, Coca Cola offers its complete portfolio of products in India with drinks, energy drinks, juices, tea, packaged water and coffee. Coca Cola offers more than 3,500 beverages around the world. It employs 25,000 people for system-related operations in India. It also has 1,50,000 indirect employees. Together with its franchisees, Coca Cola has 56 bottling plants in India. In addition, it has 21 contract packers that make various products for the company. In its 35 years of existence in India, Coca Cola has done well financially and played a major role in the economic growth of India. It has also played a major role in the innovation that has taken place in the country’s beverage sector.
Coca Cola was founded in 1886. The company was established by Asa Griggs Candler and Candler and John Pemberton created the beverage. Its head offices are in Atlanta, Georgia. Muhtar Kent serves as its CEO and Chairman and Ahmet Bozer is its Executive Vice President. In 2013, its revenues stood at US$ 46.854 billion and its operating income was US$ 10.228 billion. Its net income in the same year stood at US$ 8.584 billion and its total assets were worth US$ 90.055 billion. Its total equity stood at US$ 33.44 billion. As of December 2013, the company had 1,30,600 employees.
Procter and GambleProcter and Gamble is one of the top names as far as consumer goods are concerned. It was founded in Cincinnati, Ohio, on 31st October 1837 by William Procter and James Gamble. Its head offices are located in Cincinnati. It operates all over the world with the exception of Cuba. Alan George Lafley is its Chairman, CEO and President.
P&G India is a part of Procter and Gamble. It is one of the leading FMCG companies in India in terms of growth. It was started in 1964 and caters to more than 650 million people across the country. It operates in a wide array of segments such as beauty and grooming, health and well-being and household care. Its major brands may be enumerated as below:
|Vicks||Head & Shoulders|
P&G has been able to carve out a dominant position for itself in most of the product categories by the dint of its technological innovations and product propositions. It has also professed a commitment to achieving sustainable growth, social responsibility through community development and environmental protection in India. At present, it has more than nine contract manufacturing sites and five plants across India. It has 26,000 direct and indirect employees. It also has three business entities in India. One of them is the wholly-owned subsidiary of Procter & Gamble Home Products, which is the parent company based in the U.S. The others are Gillette India Limited and Procter & Gamble Hygiene and Health Care Limited.
In 2014, Procter and Gamble earned revenues of US$ 83.06 billion and its operating income stood at US$ 15.29 billion. Its net income for the year was at US$ 11.64 billion and its total asset worth was US$ 139.26 billion in 2013. In 2013, it had 1,21,000 employees all over the world.
IBMIBM or International Business Machines Corporation is a leading name in the world of computer hardware, software and IT consulting. It was founded by Charles Ranlett Flint in Endicott, New York. At present, its head offices are in Armonk, New York. It operates across 170 countries. Ginni Rometty serves as its Chairman, CEO and President. In 2014, it earned approximate revenue of US$ 92.793 billion and its operating income was US$ 19.996 billion. Its net income in the same year was US$ 12.023 billion and its total assets were worth US$ 117.53 billion. Its total equity was worth US$11.868 billion. It has 3,79,592 employees.
PepsiCoOne of the top names in the world of beverages, PepsiCo is headquartered in Purchase, New York. It was founded in 1896 at New Bern, North Carolina by Donald Kendall and Herman Lay. At present, its products, including its most famous brand Pepsi and its chips, can be found all over the world including India. Its present CEO and Chairman is Indra Nooyi. In 2013, its revenue amounted to almost US$ 66.415 billion and its operating income was US$ 9.705 billion. Its net income in the same year was US$ 6.74 billion and its total assets were worth US$ 77.478 billion. Its total equity in 2013 stood at US$ 24.389 billion. In the same year, it had 2,74,000 employees.
Sun PharmaceuticalSun Pharmaceutical is probably one of the leading pharmaceutical companies of India. It was founded in 1983 by Dilip Shanghvi and its head offices are in Mumbai. At present, its Chairman is Israel Makov and Dilip Shanghvi operates as the Managing Director. Apart from pharmaceuticals, it deals in generic drugs. In the 2013-14 fiscal, it earned revenue of US$ 2.6 billion and its operating income was US$ 1.1 billion. In the same period, its net income was US$ 900 million and the aggregate worth of its assets was US$ 2.2 billion. In the 2013-14 fiscal, its total equity stood at US$ 4.7 billion. As of March 2015, it had 32,700 employees.
Sony CorporationThis multinational conglomerate was founded on 7th May 1946 in Tokyo by Akio Morita and Masaru Ibuka. At present, its headquarters are in Minato, Tokyo and its European head offices are in Surrey, England. It operates around the world including locations such as the following:
|King of Prussia||Huntington Station|
|New York City|
At present, its President and CEO are Kazuo Hirai and Osamu Nagayama, the Chairman of the Board. It operates in a wide range of product and service segments such as the following:
|Financial Services||Credit Finance|
|Video Games||Telecom Equipment|
In 2014-15, it earned revenues amounting to ¥8.215 trillion and its operating income stands at ¥68.5 billion. Its net income in the same fiscal stands at ¥126 billion and its total assets are worth ¥15.834 trillion. Its total equity for the year stands at ¥2.317 trillion. As of 31 March 2015, it had 1,31,700 employees.
CitigroupCitigroup is one of the leaders when it comes to financial services and banking. It was founded on 16 June 1812 and its predecessors were Travelers Group and Citicorp. Its head offices are in Manhattan, New York. It operates around the world. Its CEO is Michael L. Corbat and its Chairman is Michael E. O’Neill. It offers a number of products such as the following:
|Credit Cards||Corporate Banking|
|Global Wealth Management||Private Equity|
|Consumer Banking||Investment Banking|
In 2014, its revenue was US$ 76.88 billion and its operating income was US$ 14.36 billion. Its net income in the same year was US$ 7.31 billion and its total assets were worth US$ 1.89 trillion. Its total equity for that year stood at US$ 210.5 billion. In the same year, it had 2,43,000 employees. Following are its major subsidiaries:
|Citi Securities & Banking||Salomon BIG|
|Banamex||Citi Branded Cards|
|Nikko Citigroup||Sedna Finance|
|CitiMortgage||Citi Private Bank|
Notes – Currency symbols used in the above article:
US$ - Dollar (the United States of America)
¥ - Yen (Japan)
€ - Euro (Finland)
CHF - Franc (Switzerland)
Last Updated on February 12, 2016