- A global company or MNC (multinational company) is one that conducts business in multiple provinces concurrently.
- MNCs often operate and directly control branches in different nations, even establishing offices in specific countries.
- Additionally, they can conduct business in nations without physical offices by offering work-from-home employment opportunities.
- This approach significantly boosts the company’s overall revenue and expands its brand reach worldwide.
- The article will focus on the top 10 MNCs operating in or from India.
1. IBM
IBM, an American multinational software business, operates in over 170 countries.
The main office of IBM is located in Armonk, New York.
In 1911, Charles Ranlett Flint founded the company under the name “Computing-Tabulating-Recording Company” in New York.
The name of the company was changed to International Business Machines (IBM) in 1924.
Since 2016, IBM has offered various services, including telephony, cloud computing, smart systems, commercial, machine learning, and mobile-related services.
IBM’s products are available in many countries worldwide.
IBM holds an annual conference on cloud computing called InterConnect, which is a significant event in their strategic portfolio.
The company incorporates technologies such as Automation, Robotics, artificial intelligence, cloud utilization, Blockchain, consultancy, Computer hardware Software, and Quantum computation.
IBM manufactures a wide range of equipment for sale and rental purposes, including tabulators, punching boards, industry timesheet trackers, food, meat slicers, and industry weights.
Watson joined Computing-Tabulating-Recording as a general manager and later became the president after resolving legal issues related to his time with NCR.
Watson recognized Patterson’s innovative techniques and endorsed Computing-Tabulating-Recording’s businesses with the NCR seal of approval.
IBM is successfully operating in India with multiple branches
2. Nestle
Nestle, a renowned multinational corporation, is known for manufacturing beverages and products. Its main offices are located in Vevey, Vaud, Switzerland.
In the past, Nestle held the title of the most valued grocery chain globally based on sales and other metrics until 2014.
The company ranked 64th on the “Fortune 500” list in 2017 and 33rd on the “Forbes list of the biggest national enterprises” in 2016.
Nestle’s product range includes baby food, medicinal meals, mineral water, cereal bars, confectionery, milking goods, desserts, packaged meals, animal meals, and munchies.
Nestle products are highly consumed in India, and the company operates in 180 countries with about 338,900 employees and 447 facilities.
One of the notable joint ventures involving Nestle is its ownership of L’Oréal, the world’s largest pharmaceutical firm.
In Danville, Virginia, Nestle has a plant where oatmeal cookies are produced.
An incident involving tainted grain used as raw material for the cookies affected approximately 50 individuals in 30 states in the United States, with 50% of them requiring hospital care.
In response to the incident, Nestle issued an immediate recall for 30,000 cartons of the cake batter used in the cookies.
3. Sony
The Sony Group Organization is a multinational corporation based in Minato, Tokyo, Japan. Its abbreviated name is SONY.
Sony is a major player in the computer industry and a leading producer of residential and commercial electronics. It is also the largest platform maker and online game developer.
It stands as one of the most comprehensive suppliers, being among the top rock labels and third-largest film companies.
This corporation is the largest information and communication corporation in Japan and is considered the wealthiest Japanese company.
Sony holds the distinction of being one of the biggest consumer electronics makers and the second-greatest camcorder producer. It is also one of the top performers in semiconductor revenue, with a 55% market share in the high-definition industry.
One of Sony’s co-founders established the Sony Company of America in 1960, and it currently serves as Sony’s headquarters.
Sony actively encourages mid-level, experienced employees from various companies to re-evaluate their careers and consider joining the company.
Sony’s products and services are available in many countries worldwide, including India.
4. Amazon
Amazon, a global telecommunications company, is based in the US. It specializes in robotics, internet advertising, cloud computing, and electronic streaming. Known for its significant financial and technological influence worldwide, Amazon has disrupted well-established sectors through scientific advancements and strong investments.
Over 200 million people worldwide are members of Amazon Prime, the company’s paid subscription program that offers a comprehensive bundle of services. Surpassing Walmart, Amazon has become the most significant internet brand outside of China.
In 1997, Amazon inaugurated twin fulfillment centers, located in Seattle and New Castle. These centers have contributed to the company’s vast e-commerce platform, offering a wide range of goods and products across various categories.
Beyond e-commerce, Amazon provides an array of online services, including its voice-activated assistant, Alexa, home media internet facilities for music and video, and its line of digital readers and devices known as EBooks. Audiobooks are also available for purchase or subscription through Audible.
Amazon’s product listings, such as moving and rattles, are tailored to different languages based on the user’s region or location, ensuring a personalized experience for customers.
Operating successfully in India for many decades, Amazon has established itself as a prominent player in the Indian market.
5. Citibank
Citibank operates in nearly 98 countries worldwide, serving over 100 million customers. Customers have the choice of five standard credit line packages or an upgraded bundle tailored to their needs. Each credit line option includes a savings account. Additionally, Citibank offers the Gold Wealth Management Emergency Fund scheme and continuously improves its monthly billing software. The bank’s services are available securely in multiple countries. As the largest mortgage provider globally, Citibank offers a wide range of mobile wallets and payment options for individuals and medium-sized enterprises.
Citi predicts that Dallas financial institutions might soon rejoin its network. Preston Citibank plans to occupy more than 9,000 square feet at the Berkshire County courthouse. Construction on the corporate center is scheduled to commence shortly, based on growth information for the region
6. Coca Cola
The Coca-Cola Firm, established in 1892, is a well-known American company famous for producing the Coca-Cola beverage.
Besides the iconic drink, they also manufacture and sell syrups and various extracts for non-alcoholic beverages.
Originally developed in 1886 by pharmacist John Stith Pemberton, the soda was intended to be a painkiller, combining caffeine from kola nuts and coca leaf.
Named Coca-Cola due to its coca and kola origins, the beverage was initially promoted as a health tonic to control dependency.
Fanta and Sprite are two other beverages produced by the Coca-Cola Corporation.
Fanta’s origins can be traced back to the Second World War when Germany faced an economic embargo on cola beverages, leading to the creation of a new drink using readily available ingredients.
In 1960, Coca-Cola acquired Minute Maid through a stock investment.
In 2009, Coca-Cola’s attempt to purchase Huiyuan Juice Holdings was rejected by China, as it could lead to a monopoly.
7. HP
The American global IT Corporation, known as Hewlett-Packard Corporation or HP, is based in California.
HP specializes in developing and providing a wide range of computer parts, programs, and associated services.
Their offerings cater to people, small and midsize enterprises, big businesses, as well as customers in the public sector, healthcare industry, and education department.
The HP Corporation was formally founded on July 2, 1939, resulting from a significant agreement acquired in 1938, primarily to provide review and evaluation criteria alongside Disney’s production of the animated Fantasy.
On November 1, 2015, HP split off the segment that offers supplies for businesses, known as Hewlett Packard Commercial.
While changing its name, the company retained its desktop and printing business rights.
HP’s main focus lies in creating and producing connecting, computational, backup, and recovery equipment.
They sell products and applications while also providing assistance to their customers.
Among the item types they offer are PCs, industrial and commercially standardized computers, related hard discs, networking products, applications, and a diverse range of printing and photographic items.
The corporation promotes its goods through various channels, including consumers, small and medium businesses, corporations, program providers, telecommunications equipment, office supplies, retailers, and online sales.
8. Pepsi
PepsiCo is the producer of the popular fizzy beverage known as Pepsi. Around 1893, Caleb Bradham invented and marketed Brad’s Beverage, which later became Pepsi in 1898. The company went through a name change to Pepsi, with the term representing its alleged capacity to aid digestion, combined with the cola flavor. Some have speculated that the name Pepsi might be linked to the beverage’s potential to support digestion through the digestive enzyme Pepsi.
Unfortunately, financial difficulties arose for the Pepsi business, leading to a bankruptcy filing. These difficulties were exacerbated by the uncertainty surrounding the impact of World War I on Chinese tariffs. During the great recession, Pepsi’s popularity soared due to the introduction of a 354.882 ml container in 1934. Before these events, Pepsi was priced at approximately $0.05 per 6.5-ounce glass jar of the respective beverage.
9. Samsung
Samsung manufactures low-cost, knockoff devices catering to individuals and various businesses. Known for its efficient, scalable, and dependable premium products and services, the company adjusts pricing and features to match user preferences. The engineering team ensures items meet both price and quality standards.
As a major member of the Samsung Group and the world’s largest tech contributor, Samsung produces products and services across multiple categories. Among these, electronics and telecommunications equipment stand out, generating significant revenue. However, the net earnings value experienced a 60% decline in the third quarter of 2014 compared to the previous year, attributed to business establishment and increased competition. To maintain market dominance and compete with rivals like Apple, Samsung strategically offers products in different price segments, appealing to a wider audience.
Though founded in 1938, Samsung entered the Indian market in 1995. Since then, it has continually evolved to become India’s leading consumer electronics and Smartphone Company. India boasts a diverse range of Samsung products, fostering strong customer trust through premium quality, excellent customer support, and a luxurious feel
10. nVIDIA
NVidia, a worldwide American technology firm, has its headquarters in Santa Clara, California. It was founded in 1993 in Delaware by Jensen Huang, Chris Malachowsky, and Curtis Priem. The company’s co-founders shared a belief in the need for speedy and high-quality graphical computing in various fields like gaming, graphic designing, and high-definition 3D video rendering.
To address these challenges, the three founders decided to work together and establish NVidia. The company’s main focus is on creating SOCs components, including personal technology and automation industry solutions, graphics cards, and interfaces for machine learning application development with elevated computation.
In addition to graphics cards, NVidia offers CUDA, an API that enables the development of parallelized applications utilizing graphics processing units. These GPUs find applications in various industries, including aerospace, automation, architectural, technical services, transportation, and laboratories, due to their expertise and high performance.
NVidia has always been committed to providing the best gaming experience possible, and they also pay attention to the technical complexities involved in creating graphics cards that cater to the demands of the gaming market.
As a result of the high demand for their graphics card products, NVidia’s revenue reached $200 million after securing a contract to manufacture the primary graphical technology for the Xbox video game system.
