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 companies.
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. Nokia
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 2012.
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...