India is officially the most populated country in the world and has the world’s largest youth population making it a favorable destination for Multinational Companies looking for a stable consumer base and reliable workforce. With new government policies supporting manufacturing and making in India more companies are turning towards our nation to set up their offices. The growing economy of India only expands its appeal. On top of everything the conscious consumer of India makes the Indian market look charming for ambitious brands.
Here is our list of Top 10 Multinational Companies In India 2024:
1. Microsoft
With offices in 11 cities- Ahmedabad, Hyderabad, Kolkata, Mumbai, Bangalore, Chennai, the NCR (New Delhi, Noida and Gurgaon) and Pune, Microsoft’s largest software development center outside of their headquarter Washington, is located in Hyderabad. Microsoft is a technology mnc that develops and markets software, hardware and services. Microsoft came to India in 1990, and today it has over 20,000 Indian employees engaged in various departments of the company. With its chairman and chief executive being the Indian-American Satya Nadela, Microsoft has taken an initiative to push India’s AI transformation and empower the workforce of the future. Microsoft India earned a total of INR 19,229.4 crore from sale of services in the year 2022-23.
2. Google
Google is an internet search engine that scans the web with relevance to the words typed in its search box. Google currently has four offices in India in Mumbai, Bangalore, Hyderabad and Gurgaon. According to some sources, Indians comprise 12% of Google’s workforce. Google India’s gross ad revenue is INR 28,040 crore for the year 2022-23. Google India earns its revenue from three sources: providing IT services, renting and selling their advertisement space and sale of enterprise software. Google is currently one of the biggest Multinational Companies in India.
3. IBM
IBM or International Business Machines Corporation, is a technology company headquartered in New York. With 19 research facilities across more than a few countries, IBM is the world’s largest industrial research organization. IBM has over 15 facilities in India. IBM’s largest number of employees are in India, giving a clear picture of its work in our country. IBM is currently one of the biggest IT mnc in India providing huge manpower attraction. IBM’s market capitalization is around USD 153.49 billion .
4. Apple
Apple is an American Multinational Company headquartered in California. Apple was the largest company by revenue in 2022, with revenue of up to USD 394.3 billion. Apple recently opened a new 15-storey office building in Bengaluru. Apple has around 3,000 employees in India, with offices in Mumbai, Hyderabad, Gurugram and Bengaluru. Apple’s market capitalization is around USD 2.63 trillion. Counterpoint Research reported Apple topps the smartphone market of India by revenue in 2023.
5. Amazon
Amazon is a technology mnc, engaged in e-commerce, digital streaming, cloud computing, online advertising, and artificial intelligence. Its market capitalization stands at USD 1.88 trillion. It has become one of the biggest job providers in India in the last few years. With the pandemic in picture Amazon grew both as an E-commerce company providing home delivery for a vast range of goods and an entertainment content provider. From sewing to reading, Amazon covered everything a person could need when they are stuck in their homes.
6. Samsung
This South Korean company entered the electronics industry in the late 19660s. Running its operations in around 80 companies, it dabbles in a range of domains from financial services, consumer electronics, construction, shipbuilding and medical services. Samsung has a range of affiliates from Samsung Electronics, Samsung Biologics, Samsung Engineering, Samsung Fire and Marine Insurance and more making it one of the biggest Multinational Companies in the world. Samsung India provides employment to about 7,000 people. Samsung is the leader in India’s smartphone market during the year 2023, according to CyberMedia Research.
7. Unilever
Unilever is a british multinational brand, its subsidiary present in India as Hindustan Unilever. HUL is one of the world’s leading suppliers of Food, Home Care, Personal Care and Refreshment products. HUL reported Rs 59,579 crore turnover in FY 2023-24.This mnc has maintained its presence in India for the past 90 years, making it one of the biggest companies in the Country. HUL boasts of more than 3500 distributors and 21000 employees across India.
8. Walmart
Walmart is an American multinational retail corporation headquartered in Arkansas, USA. It operates a chain of supercenters, discount department stores and groceries stores. Walmart was the world’s largest company by revenue in October 2022, according to Fortune Global 500. Walmart has over 10,000 employees in India today making it one of the biggest Multinational Companies in India. Currently India is the largest tech center of walmart.Walmart’s market capitalization stands at USD 482.42 Billion.
9. Coca Cola
Coca cola company is the American multinational corporation manufacturing, selling and marketing non-alcoholic beverage concentrates and syrups, and alcoholic beverages. With a strong retail presence, Coca Cola India is one of India’s leading beverage companies. India is the fifth largest market for the Coca Cola Company. Coca Cola’s Market Capitalization is USD 267.47 billion, making it one of the leading beverage Multinational Companies in India.
10. Nestle
Nestle is a Swiss multinational company focusing on food and drink processing. It is the largest publicly held food company in the world, measured by revenue. Nestle has its subsidiary in India as Nestle India Limited headquartered in Gurgaon, Haryana. Nestle has 9 manufacturing facilities across India from Punjab, Haryana, Karnataka, Tamil Nadu, Goa, Uttarakhand, Himachal Pradesh and Gujarat. Nestle has around 8069 employees in India. Its market capitalization stands at INR 2.44 trillion.
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Conclusion
India has the ability to provide Multinational Companies a possibility of market expansion with a reliable consumer base and efficient workforce. India has always been an attractive trade spot because of our resources. No wonder more and more MNCs are heading towards our nation. This opens doors of possibilities of employment, investment and infrastructure for us Indians.
