Indian Global Icons

December 5, 2019 India INC

Indian Global Icons

When foreign companies are knocking Indian doors, can Indian players be left far behind? The answer is for sure, a big ‘no’. They have joined the big league of the international giants. In fact, India Inc. is flying high not only over the Indian sky, but many Indian firms have slowly and steadily embarked on the global path and led to the emergence of the Indian multinational companies. Day after day, Indian businesses are acquiring companies abroad, becoming world-popular suppliers and are recruiting staff cutting across nationalities. While Asian Paints is painting the world red, Tata is rolling out its brands such as Indica from Birmingham and Sundram Fasteners drives home the fact that the Indian company has become a force to be reckoned with. Tata Motors sells its passenger-car Indica in the UK through a marketing alliance with Rover and has acquired a Daewoo Commercial Vehicles unit giving it access to markets in Korea and China. Ranbaxy is the ninth largest generics company in the world. And an impressive 76 percent of its revenues, not surprisingly, comes from overseas. If you want to count on the successes of Indian firms, here are some – Bharat Forge, an Indian auto components company is now the world’s second largest forgings maker. It has become the world’s second largest forgings manufacturer after acquiring Carl Dan Peddinghaus, a German forgings company recently. Its workforce includes Japanese, German, American and Chinese people. Only 31 per cent of its turnover comes from India. Essel Propack is the world’s largest manufacturer of lamitubes – tubes used to package toothpaste that has 17 plants spread across 11 countries and a turnover of Rs 609.2 crore for the year ended December 2003. The company commands a staggering 30 percent of the 12.8 billion-units global tubes market. About 80 per cent of revenues for Tata Consultancy Services come from outside India. Infosys has 25,634 employees including 600 from 33 nationalities other than Indian. It has 30 marketing offices across the world and 26 global software development centres in the US, Canada, Australia, the UK and Japan. Sundram Fasteners has decided to acquire a plant in China at Jiaxin city in the Haiyan economic zone. Maximum outward direct investments by Indian companies have been in the US during the period 1995-2005. Indian firms invested over $2 bn in the form of equity and loans in companies (IT and pharma) set up there. Russia, Mauritius, Sudan and the UK were other major investment destinations during the last decade. The Indian Inc. has finally arrived at the world scene. And why not, when they have the potential, power, and significantly the capital, nothing seems impossible to them.