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Multinational Corporations(MNC) are the organizations that are owned or control productions of goods or services in one or more countries other than the home country.
For example , when a corporation is registered in more than one country or has operations in more than one country, it may be attributed as MNC.
The countries where the company’s headquarter is located is called home country, whereas the country with operational branches of company is called host country
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Budget of some MNC’s is so high that at times it even increases GDP of a nation.
Moreover India has a wide range of markets for goods and services due to ever increasing population and the varying consumer taste.This directly helps MNC’s to earn profit and flourish well.
Besides the foreign doirective policies, these are the basic points that attract MNC’s to work here:
-labour competitive market -macro-economic stability -market competition
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Giving you a glimpse of top MNC’s in India:
1.Microsoft 2.IBM3.Nokia4.PepsiCo5.Ranbaxy Laboratories Ltd.6.Nestle7.CocoCola8.Procter & Gamble9.Sony Corporation10.Citigroup Inc
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Microsoft is the worlds largest software maker measured by revenue.
Headquarters: Microsoft Redmond Campus, Redmond, Washington, U.S.
Founded on : April 4,1975 Founders : Bill Gates, Paul Allen Business: Software Employees : 128,076(June 2014) Website : Microsoft.com
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Big Blue is a nickname for IBM. Headquarters: Armonk, New York, U.s. Founded on: June 16,1911 Founders: Thomas J. Watson Business: Computer Hardware, Software, IT
services and Consulting Employees :431,212+ Website: IBM.com
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Nokia is a public limited-liability company listed on the Helsinki, Frankfurt, and New York stock exchanges.
Headquarters : Espoo, Finland Founded on : 1865 Founder : Fredrik Idestam, Leo Mechelin Business : Telecommunications equipment,
Internet , Software Employees :97800+ Website: nokia.com
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Headquarters: Purchase, New York, U.S. Founded : 1919 Founders: Donald Kendall, Herman Lay Business: Food and Beverage Employees : 297050+ Website: pepsiCo.com
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Headquarters: Gurgaon, Haryana India Founded : 1961 Chairman: Dr. Tsutomu Une Business: Pharmaceuticals Employees :14,600+ Website : Ranbaxy.com
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Headquarters: Vevey, Vaud, Switzerland Founded: 1866. Founders: Henri Nestle, Charles Page, George
Page Business : Food Processing Employees: 333,000+ Website: www.nestle,com
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Headquarters: Midtown Atlanta, Georgia Founded : March 27,1944 CEO: Muhtar Kent Business :Beverage Employees : 150500+ Website:www.coca-colaindia.com
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Headquarters: Cincinnati, Ohio, U.s. Founded in: 1837 Founders: William Procter, James Gamble Business: Consumer Goods Employees: 125000+ Website: www.pg.com
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Headquarters: Minato, TKY, Japan Founded: May 7,1946 Founders: Masaru lbuka, Akio Morita Business: Conglomerate Corporation Employees: 140,900+ Website:www.sony.com
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Headquarters: Manhattan, New york, U.S. Founded: June 16,1812 Chairman: Michael E O’Neill Business: Banking and Financial Services Employees: 251000+ Website: Citigroup.com
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