Decades after the Indian market went through privatization, and companies expanded their goals to global success, the presence of leading conglomerates based in India is stronger than ever. Each of these multi-industry companies has a substantial influence on the market and is a part of consumers’ lives across industries. Their legacy only propels their growth as they focus on expanding their impact to newer industries.
So, let’s take a look at the powerhouses that can be considered India’s top ten conglomerates.
1. Tata Group
Founded in 1868 by Jamshedji Tata, this is one of the biggest and oldest industrial groups in India. The conglomerate has a number of affiliate companies and has also acquired a variety of international companies with a market capitalization of US$325 billion as of October 2021. These companies fall across various industries including FMCG, retail, energy, engineering, chemicals, iron and steel, finance, realty, and more.
This Fortune Global 500 company is a powerhouse not just in India but across the globe. It is a leader across a number of industries as the largest public-traded company in India with a market capitalization of US$243 billion as of October 2021. The company accounts for a whopping 8% of India’s total merchandise exports and has a leading presence in telecommunications, energy, mass media, retail, petrochemicals, natural gas, and more.
Another Fortune 500 company from India, this group operates in 36 countries with a legacy spanning over seven decades. It is active with global or national leadership in as many as 14 sectors including cement, fashion, finance, carbon black, textiles, mining, metals, chemicals, and more.
This powerhouse private group has a long-standing legacy of over 150 years. The company is an icon in Indian real estate and has developed notable landmarks and megastructures across the country. The group also delivers end-to-end solutions in various other business segments including real estate, infrastructure, construction, water treatment, solar energy & power, and financial consultant.
5. Adani Group
Founded in 1988 as a commodity trading business, this conglomerate is now the largest private sector power generation company in India. As of April 2021, it has become the third Indian conglomerate to cross $100 billion in market capitalization. It has business in various sectors including port management, electric power generation, and transmission, renewable energy, mining, airport operations, natural gas, food processing, and infrastructure.
6. Bajaj Group
Starting with a small sugar plant in 1926, this group now has 34 companies among which Bajaj Hindustan Sugar Ltd ranks as Asia’s number 1 sugar manufacturing company. Meanwhile, Bajaj Auto is ranked as the world’s fourth-largest two and three-wheeler manufacturer. The group also has business in home appliances, lighting, iron and steel, insurance, finance, and more.
Founded by two Danish engineers taking refuge in India, this company is now among the top construction companies in the country as well as globally. It has 118 subsidiaries, 6 associates, 25 joint-venture, and 35 joint operations companies. Its business span across engineering, construction, realty, manufacturing, IT, and finance.
8. Godrej Group
Established in 1897, this group is managed and majorly owned by the Godrej family. It has businesses in a diverse range of sectors including real estate, appliances, engineering, security, and agricultural products. The group has also partnered with the Indian Space Research Organisation (ISRO) for aerospace and precision engineering projects.
This leading Indian conglomerate has a diversified presence in sectors such as finance, media and entertainment, healthcare, life insurance, manufacturing, real estate, and more. The company has a strong presence in the sports industry as a title sponsor of the Indian national cricket team, Indian national hockey team, Bangladesh national cricket team, and the Force India Formula One team, among other sports.
10. ITC Limited
Renamed from India Tobacco Company Limited to ITC Limited in 1974, this company has expanded from the cigarette industry to a variety of other sectors including hotels, FMCG, packaging, agribusiness, and more. It has 13 businesses and exports its products to 90 countries. As of 2020, the company has a market capitalization of US$35 billion.
Originally published at http://realestateandepc.wordpress.com on November 17, 2021.
