Tuesday, March 8, 2011


7 Biggest tech MNCs in India
A recent study has ranked country's top 10 multinational companies (MNCs) by
revenue. Interestingly, the list comprises as many as seven technology
These technology bigwigs seem to be overshadowing the likes of Hindustan
Unilever (still in top 10), Coca-Cola, PepsiCo and Cadbury whose very names till
sometime back were synonymous with the term MNC in the country. As new
names ascend to the top 10, many of these old timers have been relegated to the
lower rungs -- some not even featuring in the billion-dollar club.
Here's over to the tech brigade that rules MNC landscape in the country.
The world's largest cell phone maker Nokia ranks at No. 2 on the list of top MNCs
in India.
Turnover: 23,000 cr
Parent holding: 100%
Employees: 132,430 (end 2010)
Global performance: The Company, which is currently facing tough competition
from Google and Apple globally, in January reported its third profit fall in a row
and warned of a weak start to 2011. Recently, Nokia teamed up with software
giant Microsoft to adopt Windows Phone software across its devices, replacing its
home-grown Symbian platform. Nokia is expected to launch Windows phones in
Vodafone Essar
The Indian subsidiary of Vodafone Group is at No. 3 on the list.
Turnover: 22,000 cr
Parent holding: 67%
Global performance: Vodafone Group reported 3% growth in sales to 11.9 billion
pounds ($19.29 billion) for the October-December period on the back of strong
performances in businesses in India, Turkey and the UK. The British mobile
operator said its group service revenue grew by 2.5% to 11 billion pounds.
Vodafone said service revenues from Indian operations grew by 16.7% during the
third quarter ended December 31, 2010. Apart from India business, the UK unit
recorded underlying sales growth of 7% in the third quarter.
Hewlett Packard
At No. 5 is the world's largest computer maker Hewlett Packard.
Turnover: 18,500 cr
Parent holding: 100%
Employees: 3,04000
Global performance: For the fourth fiscal quarter, the company globally reported
a 5% increase in profits. The company benefited from increased spending by
enterprises on storage and servers. Revenue from that segment jumped 25%
year over year, to $5.3 billion.
The world's largest manufacturer of flat screen televisions is at No. 7.
Turnover: 16,000 cr
Parent holding: 100%
Global performance: In January, the company's global net profit rose 13% in the
fourth quarter amid higher sales of semiconductors and smartphones.
At No. 8 on the list is consumer electronics major LG India.
Turnover: 16,000 cr
Parent holding: 100%
Employees: 3000+ (India)
Global performance: LG Electronics Inc posted a record quarterly loss in its fourth
quarter ended December 2010. The absence of premium models continued to hit
LG's phone business, while the TV division also lost money on intensified price
competition. The world's No. 2 TV maker and No. 3 handset vendor reported an
October-December operating loss of $219.8 million, its second consecutive record
quarterly loss.
IBM, the world's largest computer services provider, is at No. 10 on the list.
Turnover: 14,000 cr
Parent holding: 100%
Global performance: IBM recently posted its fourth-quarter profits that beat
analysts' estimates. The hardware revenue climbed 21% to $6.3 billion, as the
mainframe helped boost sales in that product category by almost 70%. Sales
from the software division gained 7% to $7 billion.

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