Have you ever heard the word MNC? Yes, right? But do we actually know the multinational companies which operate in India?
We use these multinational companies’ products and services on a daily basis.
This article will give you insight into the top 10 Successful MNCs in India.
Before knowing about the top MNC in India, let first know what MNC actually is.
What is MNC?
MNCs or Multinational Companies are the companies that not only operate their business in their home country but also operate in multiple nations/ countries. They provide their services/products by establishing a subsidiary in the target country, which operates and provides services as per the needs and trends of the target country. Such subsidiaries operate separately from their parent company situated in their home country.
Why did MNCs choose India to expand their business and start operations in India?
The foremost reason for this is that India has been developing at a vast level and at an incredible rate. In every field, India is performing better than most of the developed countries. Investors from around the world look to India as the best investment opportunity for the next few decades. Another reason is the huge customer base. India is a country with around 140+ crore population with different religions and cultures.
These are some of the main reasons why most of the top multinational companies want to set up their business in India. In the recent few years, Multinational companies have established their business as an outlook to expand their business and better future growth. Even after the Covid-19 pandemic i.e. post-pandemic Indian market has shown rapid growth and development. After 2020, Many MNCs started their business looking at the growth and development in India.
Here are some of the top Multinational Companies in India.
Some of the top successful MNCs in India
1. Hindustan Unilever
Hindustan Unilever or HUL is one of the top FMCG brands in the world. It provides a wide variety of personal care products, food, beverages, and consumer goods. HUL entered India in the year 1931 roughly 90+ years back. HUL is among the biggest multinational companies in the world.
Rahul Jawa is the present CEO and MD of HUL, he took charge on 27th June 2023. Before him, Sanjiv Mehta was in charge of the same.
2. Toyota
Toyota is one of the most well-known and leading car companies in the world.
Toyota entered India in the year 1997, Since then Toyota has launched many successful cars in India and is leading the Indian car market with a good percentage market share. Apart from personal cars, Toyota is also involved in the business of commercial vehicles and parts. The company is based in Japan with Toyota Motors Corporation. Ms. Manasi Tata took charge as a Vice Chairperson of the company in Jan 2023. Toyota has around 7% market share in the Indian car market.
3. LG
We all have used LG products in our households. It may be a washing machine, refrigerator, or television. This multinational company is a South Korea-based consumer electronics appliances manufacturing company that entered India in 1997. For, around 25 years LG has been a leading and trustful company in consumer electronics goods for Indians. LG has covered a reputed percentage of market share in the Indian electronic market. LG provides the goods and service that really suits its name “Life’s Good!” LG along with the household also provides smart phone and keypad mobile. Though LG’s smartphone market has shrunk, LG holds around 40% market share in household products in India.
4. Microsoft
We all knew the wealthiest person in the world sometime back, Bill Gates. Microsoft is the top and largest software products and operating system company founded by Bill Gates. Microsoft entered the Indian market in the year 1990. Since then, Microsoft has captured a standard percentage of market share in the Indian market. Microsoft has contributed to many projects for many top IT companies and the Government of India. The company has headquarters situated in Hyderabad, India.
Microsoft Office and Internet Explorer designed by Microsoft are among the most used office work software and browsers in India.
5. Nestle
From our childhood, we have been very fond of Nestle chocolates. One of the best and most tasty chocolates ever. Nestle is a Switzerland-based multinational company operating in India. Nestle India is a subsidiary of Nestle, a multinational company that entered India in 1912. For more than 110 years, Nestle has offered the best food and beverages in India. Some of the Indian’s favorite food items offered by Nestle India are KitKat (Have a break, have a KitKat), Maggi (one of the best ever noodles every Indian household loves), Nescafe (coffee brand of Nestle), and many more.
6. Coca-Cola
Have you ever drunk a watered bottle, Kinley? Yes? This is one of the products of this multinational company Coca-Cola. Coca-Cola is one of the top non-alcoholic beverage companies which offers many drinks in India. Coca-Cola entered India in 1993. Coca-Cola, Sprite, Maza, and Thumbs Up are well-known products that are all manufactured by Coca-Cola in India. Coca-Cola has captured a heavy % of the Indian non-alcoholic drinks market. Currently, Coca-Cola has headquarters in Kolkata, West Bengal.
7. Amazon
Indians who are very fond of shopping can’t forget the name of Amazon when it comes to online shopping. Amazon, a multinational company that offers a wide range of products, operates in India with Amazon India Limited, a subsidiary of Amazon Inc. Amazon entered India in 2013. Since its operation, it has been the most trusted company for Indians to buy any product online. Amazon India has generated a revenue of more than $9 billion dollars in a single year in 2022. The company has a strong market share in India, offering a wide variety of products.
8. Infosys
One of the top software companies in India. Infosys is India India-based software company situated in Pune, Maharashtra which offers a variety of services and software in multiple nations around the world. The company was started by Narayan Murthi along with his friends. Infosys is also involved in outsourcing services in and outside India. Infosys is also the first Indian company to get listed on the US stock exchange Nasdaq. Currently, Infosys has designed an Income Tax Portal for the Government of India. Infosys is the 2nd largest IT company in India after TCS. Currently, Salil S. Parekh is the CEO of the company.
9. Tata Consultancy Services (TCS)
Indians are great lovers of the Tata brand. Tata has more than 100 years of trust and belief in a variety of services and products for Indians. Tata Group is the largest multinational conglomerate. TCS or Tata Consultancy Services is a Tata Group consultancy service company that provides consultancy, and outsourcing services around the world. It was started in the year 1968, named Tata Computer Systems and later on named TCS. TCS is one of the 2nd largest companies in India as per the market cap.
10. Reliance
Who does not know the Ambani’s in India? From Dhirubhai Ambani to Mukesh and Nita Ambani the legacy continues. One of the wealthiest people in India. Owner of the Reliance Industry Limited (RIL). Reliance is a Multinational Conglomerate Company that originated in India. Reliance is involved in the 100+ Businesses and operates worldwide. It is the top company in India in Market Cap. Though Reliance is involved in a wide variety of businesses, JIO is one of the well-known telecom companies that is a part of Reliance. Recently, Reliance has demerged Jio and listed it separately as JIo Financial Services. Reliance has the major business of oil and refinery.
These are some of the top and well-known multinational companies in India. Though there are around 100+ multinational companies, these are a few of them. Next time you ever use the services or products of these companies remember the MNC.
Conclusion
MNCs or Multi National Company operates in different nations to expand their business and provide services and products as per the culture and environment of the target company. India offers the best place for a multinational company to expand its business. Some of the companies are basically founded in India and are operating their business in multiple nations like Reliance, Tata, and Infosys. Others are foreign companies that have established a subsidiary in India and provide their products and services.
Disclaimer: This article is for your information purpose, the information provided here is taken from the desired source. We do not aim at defaming or providing any false information about any company.
