A multinational corporation (MNC) operates in at least one country other than its home country and has facilities and other assets. A multinational corporation typically has offices and factories in various countries and a centralized headquarters where worldwide management is coordinated. These corporations, also known as international, stateless, or transnational business organizations, may have budgeted more significantly than some small nations.
Here we are listing the top 10 MNCs which are currently operating in India.
List of Top 10 MNCs in India
Table of Contents
ZARA
zara– No fashion enthusiast in India has not heard of the Spanish clothing giant. Clothing, accessories, shoes, swimwear, beauty, and perfumes are among the company’s fast fashion offerings. It is the largest company in the Inditex group, the largest apparel retailer in the world. It has a significant presence in urban India and is a reputable brand. Therefore, it is one of the top MNCs in India.
Google India Private Limited
Google India Private Limited is a subsidiary of the multinational corporation Google Inc., founded in 2004. Google LLC is one of the most popular web search engines, and it now ranks first in the search engine rankings for worldwide web handling, with over 3 billion searches per day on average. Every second person in India uses Google as the default search engine on their devices. It is also one of the top 10 MNCs in India.
H&M India
H&M is an international apparel retailer based in Sweden specializing in fast-fashion clothing for men, women, teenagers, and children. H&M employs 126,000 full-time equivalent employees in 74 countries as of November 2019, with over 5,000 locations under several company names. It is the world’s second-largest clothes store, trailing only Spain’s Inditex. The company, founded by Erling Persson and headed by his son Stefan Persson and Helena Helmersson, offers online shopping in 33 countries. After entering the Indian market in 2015, the company has grown to become one of the best MNCs in India.
Apple Inc.
Apple Inc. is a global technology corporation based in the United States specializing in consumer devices, software, and online services. Apple has been the world’s most valuable corporation and the world’s largest technology firm by revenue since January 2021. Apple is the fourth-largest PC vendor by unit sales and the fourth-largest smartphone maker globally as of 2021. Along with Amazon, Google, Microsoft, and Facebook, it is one of the Big Five American information technology corporations.
PepsiCo India Holding Private Limited
India’s most commonly consumed products include Kurkure, Pepsi, Quaker, Doritos, and Slice. These products are household names and need no introduction. The company that produces them is an American multinational corporation named PepsiCo. It started in the Indian market in 1989 and has emerged as one of the largest MNCs in India in the food and beverages sector.
Samsung India Electronics Private Limited
Samsung Electronics was established in 1969 in South Korea. It quickly became one of the largest home electronics manufacturers in the local market and eventually exported its products. The company entered the Indian market as Samsung India Electronics Private Limited in 1995 and quickly became famous as electronic devices. Samsung India is a major manufacturer of mobile phones, smartphones, televisions, home appliances, tablets, and computers. The company is one of the most trusted and well-known brands in the industry and is one of the largest and best MNCs.
ITC Limited
ITC Limited is an Indian multinational conglomerate company. It was established in 1910 as the ‘Imperial Tobacco Company of India Limited, and in 1970, its name was changed to Indian Tobacco Company and then finally to ITC. ITC Limited produces a wide range of products, from stationery items to personal care to cigarettes and processed food. ITC is also marking its hospitality sector with ITC Grand Chola Sheraton in Chennai and Ashok in New Delhi. With its expertise and experience in so many sectors, ITC Limited is one of India’s most well-known and top MNCs.
Nestlé India
Nestlé India began its operations in India way back in 1912. Initially hailing from Switzerland, the firm is the giant candy, beverages, food items, and chocolates. Famous chocolates like Munch and Milkybar were introduced in India by this brand, and so were items like Nescafe coffee and Nestea iced tea. Maggi, one of the most popular instant noodles, was also introduced in the 1990s to the Indian market by this company. With so many years of experience under its belt, Nestlé is one of the most prominent MNCs in India.
Microsoft India Private Limited
Microsoft India Private Limited is the Indian subsidiary of the American software company Microsoft Corporation. The company began its operations in the Indian market in the 1990s. The company has worked on various levels with the Indian government for the early digitalization in various sectors in India. Almost every second computer in India has the Windows Operating System. There is nobody in India who does not know who Bill Gates is. The towering success of the American software giant has opened the gateways for many other software firms to take the leap and explore the Indian market, which is why Microsoft India is one of the most prominent MNCs in India.
Proctor and Gamble India
Proctor and Gamble is a multinational company based in Cincinnati in the USA. It produces a wide range of goods meant for end consumption. The company set shore in India in 1951 when Vicks Products Inc. USA entered the Indian Market. Later it was acquired by Proctor and Gamble India. It is one of India’s fastest-growing multinational companies with many household products like Head & Shoulders shampoo, Whisper, Ariel, Vicks, etc. Proctor and Gamble is the second largest FMCG after Hindustan Unilever in India and one of the largest multinational companies in the country.
What is an MNC?
A multinational corporation, often known as a multinational firm, is an international corporation with operations in at least two nations. Some authorities define a multinational corporation as any company with a foreign branch. In contrast, others limit the definition to enterprises that generate at least a quarter of their revenue outside of their native country.
Many global corporations are headquartered in industrialized countries. Multinational proponents argue that they provide high-paying jobs and technologically superior items to countries that would not otherwise have such opportunities or goods.
On the other hand, critics of these businesses claim that they exert undue political influence over governments, exploit developing countries, and cause employment losses in their own countries.
Websites of the mentioned MNCs
| ZARA | https://www.zara.com/in/ |
| Google India Private Limited | www.google.co.in |
| H&M India | https://www2.hm.com/en_in/index.html |
| Apple Inc. | https://www.apple.com/in/ |
| PepsiCo India Holding Private Limited | https://www.pepsicoindia.co.in/ |
| Samsung India Electronics Private Limited – | https://www.samsung.com/in/ |
| ITC Limited | https://itcportal.com/ |
| Nestlé India | https://www.nestle.in |
| Microsoft India Private Limited | https://microsoft.com/en-in/ |
| Proctor and Gamble India | https://in.pg.com/ |
There are four types of multinational companies that exist. They are as follows: A decentralized firm having a significant presence in its native country. A centralized, worldwide corporation that gains a cost advantage when low-priced resources are accessible.
A worldwide corporation that builds on the parent corporation’s research and development.
A multinational corporation that employs all three groups.
Transnational versus Multinational Companies
There are minor distinctions between the various kinds of multinational corporations. For example, a transnational, a form of multinational, may have headquarters in at least two countries and activities in several countries to ensure a high degree of local responsiveness.
Nestlé S.A. is an example of a multinational organization that makes choices within and outside its headquarters.
In the meanwhile, a global corporation supervises and controls factories in at least two countries.
This multinational will engage in foreign investment because it invests directly in host country factories to claim ownership and minimize transaction expenses. Apple Inc. is an excellent example of a global corporation since it seeks to optimize cost savings by investing in overseas factories.
The Various Risks That Multinational Corporations Face
MNCs are exposed to risks related to the different countries and regions in which they operate. These can include regulatory or legal liabilities, political instability, crime or violence, cultural sensitivities, and fluctuations in currency exchange rates. People in the home country may also resent an MNC for outsourcing jobs abroad.
Top 10 MNC Companies in The World
- Apple Inc.
- FedEx
- Volkswagen
- Kimberly-Clark
- Walmart
- State Grid Corporation of China
- China Petrochemical Corporation
- Toyota
- China National Petroleum Corporations
How many MNCs are currently operating in India?
There are currently over 40000 multinational companies that have branches in India. The names of the 40000 companies are registered by their CIN Number, the date of registration of the company, the company which state, and the company’s head office are on it.
