Multinational companies are not new organizations in India. MNCs flourished in India for many reasons. Some multinational companies were established before the independence and managed to survive till now.
After independence, these companies found India to be an excellent place for marketing their product. Almost all major MNCs are American, Western European, or Japanese. MNCs can be defined as a corporation in several countries but managed from one country.
MNCs can be categorized as follows:-
- A global centralized corporation that acquires a cost advantage through centralized corporation wherever resources are available.
- A multinational decentralized corporation with strong home country presence.
- A global company that builds on the parent corporations’ R&D.
- A transitional enterprise that combines all the above three.
Here is the list of top 10 MNCs in the world
Vodafone is one of the leading mobile service providers in India. Every person who is connected to social life knows about Vodafone. It is the Indian subsidiary of UK-based Vodafone group. It is ranked as the second largest mobile phone company worldwide. Headquarters are situated at Mumbai, India. Nationally, it is one the top of the list of the network service providers. From 3G to 4G Vodafone is continuously raising its graph. Over 210 million Indians have chosen to stay connected with Vodafone. It has been consistently awarded for our best-in-class network, powerful brand, and unique distribution. It is known for the unmatched customer service. Vodafone always provides world-class service to the users.
Amazon is an American company and is the largest Internet retailer in the world. From an online bookstore to an all in one shop Amazon has given its customers a satisfactory service. It is ranked 4th most valuable public company worldwide. Amazon provides a platform for its customers where they can interact with the retailing website with customer cares. Headquarters are situated at Seattle, Washington, US. It is well known for its electronic devices, such as the Kindle e-book reader, Kindle Fire tablet, and Fire TV. The company has individual websites, software development centers in many locations around the world. With more than 25 million customers, it has become the nation’s largest bookstore and one of the top businesses in the country.
Samsung is a South Korean MNC. Headquarters are situated at Seoul, South Korea. It is one of the world’s largest producer of electronic devices. A number of businesses are affiliated with Samsung. Previously Samsung included food processing, textiles, insurance, retail, and securities. Subsequently, Samsung entered into the electronics industry and it raised the growth graph. The most important source of income for Samsung is the mobile phone. All over the world, Samsung is one of the most wanted brands. Semiconductor devices are also the most selling source of income. This led to an enormous financial growth in South Korea. It contributes around one-fifth of South Korea’s total export. It has become one of the most recognizable names in the field of technology.
Adidas is a German MNC. Headquarters are situated at Herzogenaurach, Germany. It designs and manufactures clothes, shoes, and accessories. It is the largest manufacturer of shoes in Europe. It is also ranked 2nd worldwide. The sporty attitude and athletic prowess have been its identity right from the dawn of its establishment. Adidas worked efficiently and enhanced the quality of athletic footwear. It is believed to be loyal towards its customers. It’s grown with more innovative ideas and focused on creating brand awareness and other marketing strategies. For Adidas, India is a profitable market. It has made great progress towards achieving its mission and it became the best sports company in
the world. Adidas has positioned itself as the leader in the world market.
Toyota is a Japanese MNC. Headquarters are situated at Aichi, Japan. It was ranked fifth largest company in the world. Also, it is the second largest automotive manufacturer worldwide. It produces more than 10 million vehicles per year and it is the first only company to do the same. It has long remained as an industry leader in the field of manufacturing and production. Toyota has been using its technology to produce reliable vehicles and the sustainable development of society by employing innovative and high-quality products and services. Toyota has sought to contribute to a more prosperous society through the manufacture of automobiles, operating its business with a focus on vehicle production and sales.
Garnier is a French-based skin & hair care products manufacturing company. It offers a wide variety of beauty products. Garnier is one of the most trusted brands for its targeted achievements in the world of skin care and hair care products. Garnier is the second largest brand of L’oreal. It manufactures products which meet the needs of every woman and man. With innovative and affordable solutions it is the most preferred brand in its field. It is purely natural and extracts the power of nature and gives us better results. Using natural resources, Garnier brings beauty to vast numbers of customers. It supports sustainable sourcing and reduces ecological impact.
PepsiCo is one of the world’s leading food and beverage companies. It is an American food, beverages and snack corporation. Headquarters are situated at New York, United States. It manufactures and distributes snack foods, beverages, and other products as well. It started as a Pepsi-Cola company and now it is producing a variety of food products. It is ranked as the second largest food and beverages corporation in the world. Also, it is the topmost producer in North America. It was separated into six divisions all over America. It markets over 200 countries globally. It holds a significant share of the U.S. snack
LG is a South Korean multinational company manufacturing electronic, plastic, laundry products. Headquarters are situated in Yeouido-dong, Seoul, South Korea. It spreads through electronic, chemical and telecom fields. It manufactures electronic products such as TVs, mobile phones, semiconductors, air solutions, vehicle components. It is a specialist in the production of refrigerators and washing machines. Chemical based subsidiaries manufacture and sell cosmetics, batteries, medicines, industrial textiles and polycarbonates. While the telecom subsidiaries include mobile and broadband telecommunication services, long-distance and international phone services.
Panasonic is a Japanese electronic MNC. Headquarters are situated at Kadoma, Osaka, Japan. It started as a producer of light bulb sockets and now it is one of the best electronic producer giving competition in the field of electronics. It is ranked as the fourth largest manufacturer of television. It offers a wide range of products and services marketing lighting, PCs, mobiles, TVs, refrigerators, washing machines, projectors and much more. It is one of the best MNCs in India. It constantly contributes to the progress and development of society through its business activities. It is praised for its good product life cycles and its PVC free products.
Apple is an American technical MNC. Headquarters are situated in Cupertino, California. It designs consumer electronics, software and also provides online services. It is famous for its hardware products which include iPhone smartphones, MacBook, iPad, iPod, Apple watch and a lot more. Safari, iTunes, iOS is included in the software. It believes in the concept of “Think differently.” Apple has been following this concept since the corporation was started. Apple is an innovator and always tried to introduce a new and different product. It attracts customers for its enormous performance whether it is providing online services such as iTunes or it is the innovation of the variety of technical products.