India, since the past few years, has experienced a paradigm shift due to its competitive stand in the business world. Being a huge market itself, as well as the home to cheap and skilled labors in abundance, India became the favorite hunting ground for the companies to explore the market and grow their business.
The presence of a number of top companies in India only seconds the thought that the country's market has got enormous potential. The economy of the country, with robust growth trajectory and stable annual growth rate, also helps the top Indian companies, along with the smaller operators, to grow at a better pace. Foreign exchange reserves and the thriving capital markets are also the other factors that the top companies in India make use of.
Top companies in India in respective sectors
Following are some of the top companies in India in respective sectors.
Top IT Companies
IT, in terms of production and exports, is still the fastest growing segment in India. Due to easy availability of highly skilled professionals, India has been one of the major hubs of software developments across the world. The total software exports from the country reached US$ 47 billion in FY2009. There are a number of top IT companies running their operations in India. Many of those are from the country, while the others are multinational companies having their operations in various countries across the world. Following are some of the top IT companies in India:
Tata Consultancy Services (TCS)
Infosys Technologies Ltd.
Wipro Limited
Hewlett-Packard India
Cognizant Technology Solutions (CTS)
IBM India
HCL Technologies
Ingram Micro India
Cisco Systems India
Oracle India
Intel India
Dell India
Top BPO Companies
BPO or Business Process Outsourcing is one of the biggest sectors in Indian business. It is also one of the fastest growing sectors in Indian economy. According to the prediction of the World Bank and Goldman Sachs, India, by the year 2020, is going to attract almost 80% of the BPO industry in the world. Following are some of the top BPO companies in India:
Genpact
TCS BPO
Wipro BPO Solutions
Aegis Ltd.
WNS Global Services (P) Ltd.
Firstsource Solutions Ltd.
Infosys BPO Ltd.
Accenture India
Aditya Birla Minacs
Convergys India Services
Cognizant
Hinduja Global Solutions Pvt. Ltd.
Top Multinational Companies
Due to its huge market potential, India has attracted a number of top multinational companies. Though the majority of the multinational companies operating in the country are from the U.S., however, a growing number of MNCs from other parts of the world are also coming to India. Following are the top multinational companies in India:
Microsoft
Nokia
Toyota
Intel
Coca-Cola
Sony
IBM
General Electric (GE)
Nike
Citigroup
Procter and Gamble
Siemens
Nestle
Cadbury
Top Pharma Companies
India has a strong pharmaceutical market, which results in the existence of a number of top bracket pharma companies. Despite the great recession, the sales in the Indian pharma industry went up by 18.4% in March 2009. According to the recent McKinsey report (November 30, 2009), the industry will touch $40 billion mark by 2015. Following are the top pharma companies in India:
Ranbaxy
Dr Reddy's Laboratories
Cipla
Sun Pharma Industries
Lupin Labs
Aurobindo Pharma
GlaxoSmithKline Pharma
Cadila Healthcare
Aventis Pharma
Ipca Laboratories
Top Aviation Companies
Aviation sector is also a lucrative segment in Indian business. As world's top aviation companies like Airbus and Boeing are eyeing to leverage this country as their hub for Maintenance, Repair and Overhaul (MRO), the next 10 years would see the presence of a number of top airlines companies in India at a large number. It's also expected to generate over 6,00,000 jobs in the same time period. Following are some of the top airlines companies in India:
Air Charter Services Pvt Ltd
Air Charters India
Air India
Aviation India
Indian Airlines
Deccan Aviation Ltd.
Indigo
Paramount airways
Go Air Airlines
Kingfisher Airlines
Spice Jet
Top Biotech Companies
Since the Department of Biotechnology (DBT) was set up in 1986 by the Government of India, the Indian biotech industry got a huge thrust. Utilizing the initiatives taken by DBT, the biotech industry in India came up a long way to become one of the leading biotech hubs in the world in a very short frame of time. A number of top biotech companies have come into the market as there is no dearth of sound knowledge base and skilled manpower in the country.
Currently there are around 325 biotech companies in India. Among them, the top biotech companies in India can be listed as below:
Biocon
Panacea Botec
Serum Institute of India
Nicholas Piramal
GlaxoSmithKline
Wockhardt Limited
Krebs Biochemicals and Industries Limited
Indian Immunologicals
Bharat Serum
Zydus Cadila
Top Manufacturing Companies
India is emerging as one of the manufacturing hubs in the world, thanks to its high skills in product, process and capital engineering. The availability of cheap and skilled manpower in abundance has also attracted several top manufacturing companies in this country. According to the CII survey, most of the top Indian manufacturing companies have also recorded positive trends in the first quarter of 2009-2010. Following are the top manufacturing companies in India:
Tata Steel
Jindal Steel
Larsen & Toubro
Apollo Tyres
Videocon
Haldia Petrochemicals
Godrej & Boyce
Top Financial Companies
The financial market in India is flooded with a number of top players, which play major roles in the economy of the country. The financial reform, which was an integral part of the overall Indian policy, attracted many financial companies to run their operations in India. Over the past 15 years, the financial system of India has continuously been deregulated. It is also exposed to international financial markets. As a result, a number of new instruments and products are coming up from the top players regularly. Following are some of the top financial companies in India:
Bajaj Capital Limited
ICICI
HDFC
Birla Global Finance Limited
ING Vysya
Kotak Mahindra
Tata AIG
Max New York
MetLife India
LIC
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