The Cedar Rapids and Decorah branches of Collins Aerospace have announced the layoff of 131 workers.
Collins is now optimising its organisational structure, which includes reducing a limited number of positions and realigning its resources to better meet the needs of its customers, according to a representative who spoke with the media on 12 June.
Collins Aerospace is assisting impacted employees throughout the transition since it understands the impact this has on them. The 160 employees were let go from their positions in Cedar Rapids three months ago, and now this news arrives.
Workers were Notified on 12 June
The website for Worker Adjustment and Retraining Notification states that 102 employees in Cedar Rapids and 29 employees in Decorah would be laid off. The layoffs will take effect on July 18, and workers were informed of the decision on June 12.
When a plant closes or there is a mass layoff, businesses with 100 or more employees are required by the WARN Act to provide 60 calendar days’ written notice. The notice gives workers time to get ready for the possibility of losing their jobs, look for other work, and, if needed, get training, according to WARN’s website.
Cedar Rapids is home to Collins Aerospace’s Mission Systems and Avionics businesses, which employ the majority of the almost 9,000 workers employed in Iowa. With the elimination of 68 jobs in Cedar Rapids in October 2023, the total number of layoffs in the state since September 2020 reached 248.
Collins Aerospace Undergoing Structural Changes
The current round of layoffs is reflective of larger industry constraints in the defence and aerospace sector worldwide. A number of companies are going through organisational shifts to simplify processes and reduce expenses, even while the industry is still reaping the benefits of more defence spending and innovative commercial aviation technology.
It would appear that Collins Aerospace’s comment regarding “organisational optimisation” is part of this trend observed across the sector. Supplying cutting-edge avionics, communications, and mission systems to clients in the military and private sector across the globe, the company is an integral part of RTX Corporation (formerly Raytheon Technologies).
Because of its massive presence in the state of Iowa, every change in its personnel has far-reaching consequences for the local economy, touching not only families but also businesses, schools, and government agencies. No diminution in overall operations at the impacted plants has been indicated by the corporation, notwithstanding the layoffs.
Some observers of the aerospace industry, however, see these changes as either a reaction to fluctuating contract numbers or a more permanent shift in Collins Aerospace’s business strategy.
India, a nation renowned for its rich history and culture, has advanced significantly in the area of space technology. While the Indian Space Research Organization (ISRO) has led the way in these developments, several creative startups are also starting to make their name in this fascinating field. This blog will examine some of the leading spacetech companies in India, their accomplishments, and the ways in which they are transforming space exploration and technology.
Spacetech startups are crucial for several reasons:
Innovation: They bring fresh ideas and new technologies to the table.
Cost-Effectiveness: Startups often find more affordable ways to achieve complex goals.
Job Creation: They create employment opportunities in high-tech fields.
Global Competitiveness: These startups help India compete on a global scale.
Now, let’s delve into some of the top spacetech startups in India that are making waves in the industry.
Top Spacetech Startups in India
Startup
Founded
Location
Founders
Mission
Key Focus/Highlight
Pixxel
2019
Bengaluru
Awais Ahmed, Kshitij Khandelwal
To democratize access to satellite imagery data
Fireflies Constellation for environmental monitoring
Bellatrix Aerospace
2015
Bengaluru
Rohan Ganapathy, Yashas Karanam
Develops and manufactures advanced technologies for in-space mobility
Proprietary Electric Propulsion System for efficient space missions
Skyroot Aerospace
2018
Hyderabad
Pawan Kumar Chandana, Naga Bharath Daka
To make spaceflight as simple, affordable, and reliable as airflight
Vikram Series – launch vehicles for small satellite deployment
Agnikul Cosmos
2017
Chennai
Srinath Ravichandran, Moin SPM
Demonstrate in-house tech and enable efficient launches with Agnikul’s Agnibaan rocket
On-demand, customizable launch vehicles for small payloads (up to 100 kg to LEO)
Vesta Space Technology
2018
Pune
Arun Kumar Sureban
Provider of satellite-based communication services
End-to-end satellite solutions: design, development, and launch
Pixxel
Founded
2019
Founders
Awais Ahmed and Kshitij Khandelwal
Mission
To democratize access to satellite imagery data
Pixxel is a Bengaluru-based startup that is making headlines with its ambitious plans to build a constellation of Earth-imaging satellites. These satellites are designed to capture high-resolution images of the Earth, providing valuable data for various applications such as agriculture, urban planning, and disaster management.
develops and manufactures advanced technologies for in-space mobility
Bellatrix Aerospace is another Bengaluru-based startup that focuses on developing advanced propulsion systems for satellites. Their proprietary Electric Propulsion System aims to make space missions more efficient and cost-effective.
Skyroot Aerospace
Founded
2018
Founders
Pawan Kumar Chandana and Naga Bharath Daka
Mission
To make spaceflight as simple, affordable, and reliable as airflight
Skyroot Aerospace, based in Hyderabad, is working on developing launch vehicles that can successfully take satellites into space. Their flagship product, Vikram Series, is designed to cater to the needs of small satellite launches.
Agnikul Cosmos
Founded
2017
Founders
Srinath Ravichandran and Moin SPM
Mission
To demonstrate the in-house and home-grown technologies, gather flight data, and ensure optimal functioning of Agnikul’s orbital launch vehicle, Agnibaan
Agnikul Cosmos is a Chennai-based startup that is developing a customizable and on-demand launch vehicle. Their Agnibaan rocket is designed to carry payloads of up to 100 kg to low Earth orbit, making it ideal for small satellite missions.
Vesta Space Technology
Founded
2018
Founders
Arun Kumar Sureban
Mission
Provider of satellite-based communication services
Vesta Space Technology is a Pune-based startup that specializes in small-satellite technology. They provide end-to-end solutions for satellite missions, including design, development, and launch services.
The Impact of These Startups
These startups are not just contributing to India’s spacetech landscape; they are also making a global impact. Here are some ways they are influencing the world:
Advancing Technology: By developing new technologies, these startups are pushing the boundaries of what is possible in space exploration.
Reducing Costs: Their cost-effective solutions are making space missions more affordable, which could lead to more frequent and varied space activities.
Data Accessibility: Companies like Pixxel are democratizing access to satellite data, which can be used for a wide range of applications from environmental monitoring to urban planning.
Inspiring Innovation: Their success stories inspire other entrepreneurs and innovators to venture into the spacetech field.
Challenges Faced by Spacetech Startups
While these startups are making significant progress, they also face several challenges:
Funding: Securing adequate funding is often a major hurdle.
Regulatory Hurdles: Navigating the complex regulatory landscape can be daunting.
Technical Challenges: Developing cutting-edge technology is inherently risky and challenging.
Market Competition: The global spacetech market is highly competitive, with established players like SpaceX and Blue Origin.
Future Prospects
The future looks promising for India’s spacetech startups. With increasing support from the government and private investors, these startups are well-positioned to achieve their ambitious goals. The Indian government’s recent reforms in space policy, aimed at encouraging private sector participation, are also likely to provide a significant boost to these startups.
Conclusion
India’s spacetech startups are significantly influencing how technology and space exploration develop in the future. These startups are at the forefront of innovation, creating customizable launch vehicles, sophisticated propulsion systems, and Earth-imaging satellites. Despite a number of obstacles, they have the potential to have a huge impact on the world at large as well as India.
You can get a sneak peek at the direction space technology is taking as an explorer by keeping a watch on these startups. Who knows? The next big breakthrough in spacetech could very well come from one of these innovative Indian startups.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Axiom Space.
In the emerging private spaceflight industry, many players such as SpaceX, Blue Origin, and Virgin Galactic were involved in building launch vehicles or rockets. But quite a few companies focused on providing human spaceflight services for people, corporations, and space agencies.
That is when Axiom Space thought of targeting this particular market segment. The United States-based company is known for arranging ‘private astronaut’ missions to the ISS. To learn more about Axiom Space, consider going through the article. Let’s discover the company’s founders, startup story, products, business model, funding, growth, and more.
Axiom Space is a private space habitat company developing space infrastructure and providing human spaceflight services. The company owns, builds, and operates commercial space station modules connected to the ISS (International Space Station). It plans human spaceflight for government-funded and commercial astronauts engaged in in-space research, manufacturing, and exploration.
Axiom Space – Industry
The aerospace industry is all about manufacturing and selling aerospace equipment and aircraft, undertaking aircraft maintenance, repair, and overhaul services, and product support and auxiliary equipment, including air traffic control towers, radar, and satellites. The industry’s global market size is forecasted to reach $442.25 billion in 2026 from $271.76 billion in 2022 at a CAGR of 12.9%.
The pandemic created plenty of uncertainties in the aerospace industry, including lost revenues, loss of staff, and upset customers. However, post-pandemic, the overall economic growth of emerging economies, along with rising disposable income, are positively impacting the demand for air travel.
The Boeing Company, Safran SA, Airbus Group SE, Raytheon Technologies Corporation, and Royce Holdings plc are some competitive companies in the aerospace industry.
Axiom Space – Founders and Team
Michael T. Suffredini and Kam Ghaffarian are the co-founders of Axiom Space.
Michael T. Suffredini
Michael T. Suffredini – Co-founder, President, and CEO at Axiom Space
Michael T. Suffredini attended The University of Texas at Austin to complete B.Sc. in BS, Aerospace Engineering. He is the ex-Manager of the International Space Station Program at NASA. Currently, Suffredini is the Co-founder, President, and CEO at Axiom Space.
Kam Ghaffarian
Kam Ghaffarian – Co-founder and Executive Chairman at Axiom Space
Kam Ghaffarian completed his B.Sc. in BS, Engineering from The Catholic University of America and a Master’s in Information Technology from The George Washington University. He is known for co-founding and founding multiple leading companies, including Emerging Light Foundation, Limitless Space Institute, Intuitive Machines, X-energy, IBX, Gratia, Quantum Space, and Axiom Space.
At present, Ghaffarian is the Executive Chairman of Emerging Light Foundation, Limitless Space Institute, Intuitive Machines, X-energy, Quantum Space, and Axiom Space. In addition, he is the CEO of IBX.
Axiom Space is a team of 790 employees.
Axiom Space – Startup Story
Michael T. Suffredini, CEO of Axiom Space, worked as the program manager for International Space Station from 2005 to 2015. After Suffredini and Kam Ghaffarian retired from NASA, they came together to commence Axiom Space to target the emerging commercial spaceflight market.
The Axiom Station was designed in 2018. It’s in 2022 that the company achieved a historic milestone by completing its first-ever private astronaut mission to the ISS.
The company entered into a contract with SpaceX on March 2020 to fly commercial astronauts to the ISS via Crew Dragon and Falcon 9, scheduled for March 2022. The Axiom Mission 1 (Ax-1) was launched on April 8, 2022, and the crew returned on April 25, 2022.
Moreover, Axiom Space received a NASA contract worth $140 million to provide at least one habitable spacecraft to attach to the ISS. In February 2023, the company announced its Ax-2 crew, a second all-private mission to the ISS. NASA selected Axiom Space for its third private astronaut station mission one month later.
Axiom Space’s mission is to create a thriving home in space, benefitting every human everywhere.
Axiom Space – Business Model
Axiom Space simplifies access to the International Space Station (ISS) for research and in-space manufacturing. In addition, the company constructs the world’s first commercial space station as a platform that a global user base can use. Thus, it offers full-service solutions to access the Low Earth Orbit now and in upcoming years.
Furthermore, Axiom Space arranges so-called ‘private astronaut’ missions to the ISS, including training for at least seventeen weeks and custom itineraries based on individual goals for government-funded or commercial space trips.
Ax-2 Mission Highlight
Axiom Space – Products and Services
Axiom Space offers access to multiple services, including Human Spaceflight, Exploration Systems (for space agencies), Mission to ISS (for innovators), and Research and Manufacturing (for private astronauts). Additionally, the company provides AxEMU (Axiom Extravehicular Mobility Unit) spacesuit.
Axiom Space – Funding and Investors
In 6 funding rounds, Axiom Space raised a total of $432 million. On December 22, 2022, the company conducted its latest funding round – Series C Round and raised $110 million. 27 organizations and individual investors fund Axiom Space, including Boryung Pharmaceutical, Drake Management, TQS Advisors, Jesse Robbins, Bossanova Investimentos, and Hemisphere Ventures.
Date
Round
Number of Investors
Money Raised
Lead Investor
December 22, 2022
Series C
1
$110 million
Boryung Pharmaceutical
January 1, 2022
Convertible Note
–
$172 million
–
February 16, 2021
Series B
20
$130 million
C5 Capital
December 31, 2019
Series A
7
$7 million
–
August 15, 2018
Series A
5
$5 million
–
January 15, 2016
Seed Round
1
$8 million
IBX
Axiom Space – Growth
In 2021, Axiom Space’s post-money valuation stood at $1 billion. Moreover, the company’s team size increased from 110 employees in 2021 to 790 employees in 2023, with a growth of around 618%.
Axiom Space – Social Media Presence
Axiom Space has increased online visibility by regularly posting its mission updates on multiple social media profiles, thus driving more and more followers.
Axiom Space has partnered with leading organizations, and these are:
Art Blocks
Build-A-Bear
Fisher Pens
Jose Andres & Think Food Group
Loro Piana
Omega
Timeshifter
Axiom Space – Awards and Achievements
In 2023, Axiom Space is honored to be named by Fast Company in the Top 50 World’s Most Innovative Companies list.
Axiom Space – Competitors
Some direct competitors of Axiom Space are:
SpaceX
Blue Origin
QinetiQ
Gilmour Space Technologies
Airbus OneWeb Satellites
NanoRacks
Space Adventures Ltd.
Moon Express Inc.
Axiom Space – Future Plan
Operating its commercial space station is the long-term goal of Axiom Space. Ax-3 and Ax-4 missions will launch in November 2023 and mid-2024, respectively. In addition, the company plans to launch two pressurized modules and attach them to the ISS by 2025. And those modules would detach themselves and become a free-floating Axiom Station on ISS decommission in 2030.
FAQs
What does Axiom Space do?
Axiom Space is a private space habitat company developing space infrastructure and providing human spaceflight services. The company owns, builds, and operates commercial space station modules connected to the ISS (International Space Station).
Who are the founders of Axiom Space?
Michael T. Suffredini and Kam Ghaffarian are the co-founders of Axiom Space.
Where is Axiom Space headquartered?
Axiom Space is headquartered in Houston, Texas, United States.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by ABL Space Systems.
Aerospace, a term used for collectively referring to the atmosphere and outer space, comprises a multitude of commercial, military, and industrial applications.
The aerospace industry is one of the largest and most powerful industries, especially in the United States while supplying five markets- missiles, military aircraft, general aviation, space, and commercial airliners. Since, the US aerospace sector is considered the largest across the world, more and more companies are establishing their business to leverage growth opportunities in the US aerospace market.
ABL Space Systems is one such company that specializes in building rockets and launching satellites. Read further to know more about the company- its startup story, patents, funding, competitors, and other important details.
ABL Space Systems is an American, privately-held company that specializes in launch vehicle and launch systems technology development with the help of CNC and 3D printing and minimized launch operations. The company manufactures the components in the division located in the United States.
The vehicle and launch systems provided by it are innovative and enable space resiliency. Whether it’s for natural resource management, exploring the solar system, or global communications, the company’s affordable and reliable launch systems can be activated anywhere in the world.
The aerospace industry consists of companies either involved in designing and developing prototypes, manufacturing or assembling complete aircraft or rockets and their parts, and launching them into space.
The global aerospace market was estimated at $261.12 billion in 2022 and grew to $278.43 billion in 2023. This implies that the industry grew at a CAGR of 6.5% during this period. However, the aerospace industry was impacted by the COVID-19 pandemic. Moreover, the chance of global economic recovery is further disrupted by the Russia-Ukraine war, at least in the short term.
Major companies operating in this industry are Lockheed Martin Corporation, Raytheon Technologies Corporation, Rostec State Corporation, and Airbus.
ABL Space Systems – Founders and Team
Harry O’Hanley and Dan Piemont are the founders of the company.
Harry O’Hanley, Dan Piemont – Founders, ABL Space Systems
Harry O’Hanley
Working as a Founder and CEO of ABL Space Systems, Harry O’Hanley graduated from Massachusetts Institute of Technology (MIT) as a Research Assistant. He formerly worked at SpaceX.
Dan Piemont
Dan Piemont graduated from the Massachusetts Institute of Technology (MIT) with a degree in Bachelor of Science (B.S.), in Physics. He worked in the Product + BD Department before holding the role of Founder, President, and CFO at ABL Space Systems.
Presently, the company is employed with nearly 280 employees.
ABL Space Systems – Startup Story
Harry O’Hanley and Dan Piemont founded ABL Space Systems in 2017. They developed two-staged RS1 for the high-cadence, no-fuss future of orbital launches. This rocket offers a maximum capacity of 2,980 lb to low earth Orbit (LEO).
The company signed a lease with Camden Country, Georgia in 2018 for future operations in Spaceport Camden. It is in 2019 that it leased a facility at Port of Long Beach for building a spacecraft processing division.
Furthermore, it also secured a contract with Spaceport America for locating some ABL testing operations and facilities in New Mexico. However, as of October 2022, no mention of this location s made by ABL Space Systems in their facility list.
Moreover, the company developed a transportable launch system model that could send a rocket to space from any location and also it geared up for its first-ever liftoff in 2022.
ABL Space Systems – Mission and Vision
The company believes that accessing space need not be expensive, difficult, or complicated. Therefore, it focuses on building the systems, CONOPS, and organization to prove the same.
ABL Space Systems – Name, Tagline, and Logo
The tagline of the company at present is – “A Better Way to Build.”
ABL Space Systems -TaglineABL Space Systems – Logo
The logo of ABL Space Systems consists only of simple geometric shapes and text.
ABL Space Systems – Products and Services
ABL Space Systems provides the services required for building rockets and launching satellites. Moreover, the company offers two products- RS1 and GSO – as smooth launch systems.
ABL RS1 Path to Flight
ABL Space Systems – Challenges Faced
The company made headlines with its first orbital launch on 10 January 2023; however, it failed soon after the launch. The RS1 rocket’s first stage shut down simultaneously due to power loss and thus, it hit the launch pad and was destroyed.
ABL Space Systems – Funding and Investors
ABL Space Systems has undertaken 4 funding rounds in which it raised a total of $419 million. It raised $200 million in the latest funding round – Series B Round which was held on 25 October 2021. The company is funded by 7 investors and Fidelity Management and Research Company and T. Rowe Price are the recent ones.
Date
Round
Number of Investors
Money Raised
Lead Investor
October 25, 2021
Series B
–
$200 million
–
March 25, 2021
Series B
2
$170 million
T. Rowe Price
March 31, 2020
Series A
5
$49 million
Venrock
July 22, 2019
Corporate Round
1
–
Lockheed Martin Ventures
ABL Space Systems – Subsidiaries
Headquartered in El Segundo, ABL Space Systems has four more divisions. The largest facility is located at the Port of Long Beach, California which conducts vehicle processing, payload integration, and maritime operation.
Two facilities in Mojave, California are focused on R&D and running test operations on E2 engines, launch equipment, and integrated stages. The premises in Seattle, Washington used to be responsive to customer needs across geographies.
ABL Space Systems – Patents
The intellectual property of the company includes a total of 9 patents worldwide and these belong to 3 unique patent families – Aircraft, Aviation, and Cosmonautics. Out of 9 patents, ABL Space Systems has 7 active patents which are filed in the US, Europe, Australia, and Canada.
ABL Space Systems – Growth
The annual revenue of ABL Space Systems in 2021 is estimated to be $75.6 million per year ($264,450 per employee) with its current valuation standing at $2.4 billion (2021). In addition, its employee count increased by 79% last year.
ABL Space Systems – Competitors
The company is ranked 1st among its 4 active competitors. Some of its main competitors are:
iRocket
Simera Sense
Beyond Earth
Hermes Aviation
Aeros
Tyvak Nano-Satellite Systems
Systems Technology
Innoflight
Zee Aero
FAQs
What does ABL Space Systems specialize in?
ABL Space Systems specializes in the development of launch vehicles and launch systems technology.
How does ABL Space Systems’ technology contribute to space resiliency?
ABL Space Systems’ technology contributes to space resiliency by providing reliable and innovative launch systems, which enable the deployment of space assets, enhance mission assurance, and reduce launch costs.
Has ABL launched a rocket?
ABL Space Systems (ABL) launched the debut flight of the RS1 launch vehicle on Jan. 10, 2023.
The term ‘duopoly’ essentially refers to the intense competition between the European multinational Airbus SE and the American Giant Boeing Company within the jet airliner industry. Both companies are in the process of designing and manufacturing civil and military aerospace products. Between the two companies, Boeing is currently leading the market with a market share of 52%, closely followed by Airbus with 48%.
Companies that began to grow, and expanded quickly became market leaders and fierce competitors. The origin of the duopoly could be attributed to a series of mergers and acquisitions within the global aerospace industry. A deeper understanding can be gleaned from understanding the journey of both these companies independently.
Why Airbus and Boeing Dominate the Sky
The Boeing Company
Initially founded as Aero Products Company in Seattle, Washington in the year 1916 by lumber industrialist William E. Boeing, it was renamed Boeing Airplane Company a year later. The company initially supplied military aircraft for World War I. The company was also engaged in ferrying mail due to its profitability. In the year 1928, William Boeing formed another company named Boeing Airplane and Transport Corporation. He renamed it United Aircraft and Transport Corporation in 1929. United Aircraft and Transport Corporation went on an acquisition spree of several aircraft makers including Avion, Chance Vought, Sikorsky Aviation, Stearman Aircraft, Pratt & Whitney, and Hamilton Metalplane. In 1931, the group merged its four small airlines under one umbrella – United Airlines.
Boeing 777X
The Airmail Act, which came into force in 1934, effectively prevented companies from simultaneously delivering mail and manufacturing airplanes. This resulted in the company restructuring itself and United Aircraft and Transport was dissolved and three separate entities emerged from it – Boeing Airplane Company, United Aircraft, and United Airlines.
Between the 1960s and 1970s Boeing Airplane Company went on an expansion spree beginning with purchasing Vertol Aircraft Corporation, which was the biggest independent helicopter manufacturer of the time. Subsequently, it diversified its business interests into different industries like outer space travel, marine craft, agriculture, energy production, and transit systems, slowly and surely gaining a monopoly within the industry.
Since then, the company has consistently grown by partnering with Russian, Ukrainian, and Anglo-Norwegian organizations in 1995, to create Sea Launch that provided commercial launch services to geostationary orbit from floating platforms. It also acquired the satellite segment of Hughes Electronics in 2000. Boeing also completed its merger with McDonnell Douglas in August 1997. By 2001, Boeing moved its corporate headquarters from Seattle to Chicago and by the year 2018, it opened its first factory in Europe at Sheffield along with a research partnership with The University of Sheffield.
Airbus SE
The European multinational aerospace corporation primarily with three major divisions – Commercial Aircraft under Airbus S.A.S., Defence and Space, and Helicopters. The company was launched in 1970 as Airbus Industrie GIE as a pan-European (countries included were Germany, France, Britain, and Spain) effort to combat the rising Boeing monopoly globally. The company got its first break with the A300 in the year 1977. Registered in Leiden, Netherlands the ‘SE’ in its name means ‘societas Europaea’ which, essentially, allows the company to be registered as a European corporation as opposed to a national corporation. Through various corporate changes and restructuring, the company got its present name, Airbus SE in the year 2017.
Airbus A380
Building on the resounding success of its A300, which also essentially decimated its competition within the continent, the company launched the A320 which continues to enjoy commercial success even today. By the 1990s, commercial airline manufacturing was already a duopoly between these two giants, that continues to this day.
Between 2007 and 2016, both companies were fiercely competing with each other with Airbus receiving 9985 new aircraft orders and delivering 5644 aircraft and Boeing receiving 8978 new aircraft orders and delivering 5718.
Can the Duopoly be Broken?
Boeing and Airbus have dominated the commercial aviation market for almost three decades. Valued at approximately USD 190 billion, this market is considered to be the biggest and the most profitable in the world. Even though over time both these companies have faced issues with their aircraft, these giants together occupy 99% of the global market for large commercial airliners.
Although possible, the duopoly is extremely difficult to break due to various reasons –
1. The global market for medium and large commercial airlines is not big enough to support more than 2 players.
2. The entry barrier within the business is extremely high in terms of capital, expertise, and talent requirement not to mention the consistent operational maintenance required.
3. Initial investment recovery period is very long.
4. Business trust is extremely difficult to build in this industry that already has players with a proven track record.
Having said all this, the new Chinese passenger jet made by the aerospace company COMAC and named C919, showed itself off on its maiden flight at an airshow in November 2020. With its feature and its lower operating cost, it can, ultimately, make its place on the global stage and give stiff competition to the duopoly of Airbus and Boeing.
When it comes to aviation, safety is paramount in whichever airplane flies in the skies. Hence, whichever player, be it a new entrant or a veteran, can offer a safe flight will win the global war. The duopoly can very well become a triopoly within the next decade.
FAQs
Who is bigger, Airbus or Boeing?
The Airbus A380-800 is the world’s largest passenger aircraft with a maximum capacity of 853.
What is the name of Boeing’s most popular commercial airplane model?
Boeing’s most popular commercial airplane model is the Boeing 737. It has been in production since 1967 and is widely used by airlines around the world.
What is the name of the fighter jet that Boeing manufactures for the US military?
The name of the fighter jet that Boeing manufactures for the US military is the F/A-18 Super Hornet. It is a twin-engine, supersonic, all-weather fighter jet used by the US Navy and Marine Corps.
What is the name of Airbus’s most popular commercial airplane model?
The name of Airbus’s most popular commercial airplane model is the Airbus A320. It can seat up to 240 passengers.
What is the name of the Airbus aircraft that is currently the world’s largest passenger airliner?
The name of the Airbus aircraft that is currently the world’s largest passenger airliner is the Airbus A380. It is a double-deck, wide-body, four-engine aircraft that can carry up to 853 passengers in a single-class configuration, making it the largest commercial aircraft in the world.
Mahindra Group is one of the most well-known Indian conglomerate company that has its headquarters based in Mumbai, Maharashtra. The company originally called as Muhammad and Mahindra and was established in 1945 by the brothers J.C Mahindra, K.C Mahindra and Malik Ghulam Muhammad. The conglomerate is considered to be one of the well-known reputable Indian industrial company and is also a leader in manufacturing utility vehicles including tractors in India.
The company enjoys a strong presence in sectors of real estate, agribusiness, aerospace, commercial vehicles, logistics, real estate, renewable energy, etc. Mahindra employees more than 2,40,000 people across 100 different countries.
Mahindra group started its operation in the steel business, but has now expanded to 22 industries such as aerospace, agribusiness, aftermarket, automotive, construction equipment, defence, energy, farm equipment, finance, insurance, industrial equipment, information technology, leisure, logistics, retail, education, hospitality, etc in 2020.
The CEO of Mahindra group is Anand Mahindra. The Mahindra Group has a $20.7 billion dollar federation of companies that aims in enabling people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities around the world.
The vision of the company is to empower enterprise everywhere and help in the growth of mobility, rural prosperity, IT, financial services, clean energy and business productivity.
In India, the company is very popular for their innovative IT solutions and reliable yet affordable automobiles. The company is so far successful because of its subsidiaries such as Club Mahindra Holidays, Mahindra Aerospace, Mahindra, Logistics Limited, Mahindra Lifespace Developers, Mahindra Electric Mobility Limited, Tech Mahindra, Mahindra & Mahindra Financial Services Limited and Mahindra & Mahindra Limited among others.
Mahindra Group started out as steel trading company more than seven decades ago, now it is a global brand spanning in various industries in more than 100 countries. Earlier known as Muhammad and Mahindra, the company was established in 1945 as a steel trading company by the brothers J.C Mahindra and Kailash Chandra Mahindra and Malik Ghulam Muhammad.
Post the partition of India in 1947, Malik Ghulam left the company and the country to immigrate to Pakistan where he became the first finance minister. This is why K.C Mahindra changed the name of the company to Mahindra & Mahindra in 1948. The company became a leader in the steel industry as also began trading steel with UK suppliers. It also was the company that began manufacturing Willys Jeeps in India in 1947.
It wasn’t until 1956, that the company got listed on Bombay stock exchange, by 1969 the company had entered international markets as an exporter of utility vehicles. Mahindra started its tractor division in 1982 and a tech division (now known as Tech Mahindra) in 1986. When Mahindra group became really big and got into many sectors in 1994, the company had to reorganize, dividing it into six business units like automotive , farm equipment, infrastructure, trade and financial services, IT and Automotive components.
Mahindra & Mahindra is currently one of the largest companies in India, as it was also ranked the top 200 most reputable companies in the world by Forbes in 2009. The Mahindra group then went on launch Mahindra rise a new corporate brand in 2011, in order to unite the company’s image across all industries and countries. Mahindra group entered the two wheeler market by taking over Kinetic motors in India.
In 2011, Mahindra brought a huge stake in the REVA Electric Car Company, the same year the company also acquired SsangYong Motors which is a South Korean company. From then onwards, the company started acquiring international companies like Peugeot Motorcycles and even Pininfarina Spa (an Italian car designer), Hisarlar (a farm equipment company), Erkunt tractors Sanayi (Turkish tractor maker), among others. This is how the Indian conglomerate paved its way to become a global powerhouse.
The history of Mahindra group
List of Mahindra Group Subsidiaries
Here are listed all the Mahindra Group Companies.
Mahindra & Mahindra Limited
Founded: 1945
Mahindra Group Limited
It is the flagship company of Mahindra group which is also a multinational automotive manufacturing corporation. Mahindra and Mahindra Ltd. is headquartered in Mumbai, Maharashtra and has more than 17,577 employees from over 100 countries across the globe. It is also one of the largest manufacturers of vehicles in India and the largest manufactures of tractors in the world.
Mahindra & Mahindra popular cars
Mahindra is known for its commercial vehicles, tractors, two wheelers and even construction equipment. In 2018, the company was ranked 17th in the top companies list in India by Fortune India 500. This company was started by K.C Mahindra after he was inspired by a jeep invented by Barney Roos, which he saw during a trip to America as Chairman of the India Supple Mission. The main competitors of Mahindra and Mahindra in India are:
The company has been so successful because of its subsidiaries which manufacture and market a wide range of utility vehicles. Mahindra & Mahindra also provides farm equipment services, steel trading, processing services, financial services, infrastructure development, hospitality services, information technology services, systech among numerous others.
Mahindra Finance is one the top tractor financers in the country as it provides various different financial products to its customers. The company so far has over 4.7 million customers and more than 1200 offices which is spread all across the country.
Mahindra Finance started its first branch in Jaipur in 1995 and began financing non Mahindra vehicles in 2002 and then went on to finance commercial vehicles and construction equipment in 2009.
The vision of Mahindra finance is to provide financial services in semi urban and rural India, as well as transform rural lives and drive positive change in the communities. This is why the company has one branch within the reach of every two villages in India.
The product portfolio of Mahindra finance includes vehicle finance for passenger vehicles, utility vehicles, tractors, commercial vehicles, construction equipment’s, etc.
It also provides SME finance which includes project finance, equipment finance, working capital finance. Mahindra finance is also known for its mutual fund distribution, fixed deposits and personal loans that are tailored as per the customer’s needs. So far the company has over 33,000 employees and is present in all the states of India, with a footprint in 85% of its districts.
Mahindra Finance has brought about a positive change by using its subsidiaries like Mahindra Insurance Brokers Limited and Mahindra Rural Housing Finance to cater to the financial needs of millions of its customers in both rural and semi urban regions of the country. The company has a connection with its customers as, it provides them with evolving needs.
Tech Mahindra is an Indian tech company which is also one of the main subsidiary of Mahindra group, headquartered in Pune, Maharashtra. The company provides services like Information Technology (IT) and Business Process Outsourcing (BPO). The annual revenue of Tech Mahindra in 2020 was $5.2 billion, it has more than 125, 236 employees spanning across 90 countries.
Tech Mahindra has more than 988 global customers and was also listed under the Fortune 500 companies list in 2019. Currently, the company has over 973 active clients. The company provides innovative and customer centric experiences enabling enterprise, associates and the society to grow. Tech Mahindra was created after Mahindra & Mahindra started its joint venture with the British Telecom in 1986 as technological outsourcing firm.
Tech Mahindra is also known to be the fastest growing brands and amongst the top 15 IT service providers globally. It aims to provide its global customers with next generation technologies including 5G, Blockchain, cyber security, AI and much more in order to help in digital transformation. In 2020, Tech Mahindra also got in the list of India’s 50 best companies to work according to the Great Place to Work.
Mahindra Electric Mobility Limited
Founded: 1994
Mahindra Electric – Mahindra & Mahindra Subsidiaries
Mahindra Electric Mobility Limited was initially called as the Reva Electric Car Company before it was acquired by Mahindra & Mahindra in 2010.
The company has its headquarters in Bengaluru, Karnataka and is known to be a pioneer for designing and manufacturing electric vehicles in India. MEML’s first electric car REVAi was one of the most popular and affordable electric car available 26 countries in over 4000 different variations.
The company is also the first Indian car manufacturer that has travelled more than 170 million ekilometres on its fleet. The Reva electric car company (REVA an acronym for revolutionary electric vehicle alternative) was founded by Chetan Maini in 1994 as a joint venture between the Maini Group and Amerigon Electric Vehicle technologies.
The company has a wide variety of electric vehicles such as the electric sedan eVerito, the electric commercial vehicle, eSupro a van for passenger & cargo and lastly the Treo range of three-wheelers powered by lithium and ion battery. The aim of the company is to develop and produce more affordable electric vehicles for personal and commercial segments.
Mahindra Logistics Limited is another subsidiary of Mahindra group that is a leader in the sector of integrated third party logistics service, supply chain management and enterprise mobility solutions. The company was founded more than a decade ago and aims to continue providing customized, innovative and technology enabled solutions to its clients across different industries.
So far, the company has over 500 customers across sectors like automotive, engineering, consumer’s goods, pharmaceuticals, telecom, ecommerce, bulk, banking, IT, financial services, insurance, etc. It has provided transportation services for 1,00,000 plus kilometers per month and has an experienced team with strong domain knowledge.
Mahindra Logistics offers customization and end to end logistics services and solutions, right from distribution, warehousing, in factory logistics and value added services to their customers. The aim of the company is to make the logistic process from origin to end customer easier, affordable, efficient and reliable, with shortened delivery times and better provide customer satisfaction.
Mahindra Lifespaces is a leading real estate development company in India, which is headquartered in Mumbai, Maharashtra. The company was founded in 1994 and has so far created innovative projects and designed living spaces throughout the country. The company is also a pioneer in sustainable urbanization, as it aims to provide responsible, green design and development options to its clients.
Mahindra Lifespace has developed well known projects in metropolitan cities like Mumbai, Pune, Nagpur, Ahmedabad, Delhi, Jaipur, Hyderabad, Chennai, and Bengaluru. The company has so far completed residential projects of about 17.81 million sq. ft. and is working on upcoming residential projects of 7.9 million sq. ft.
It also has over 5000 acres of ongoing and upcoming projects under development at its integrated industrial clusters in 4 different locations. In 2019, Mahindra Lifespaces was ranked 17th among India’s Great Mid-Size Workplaces, by the Great Place To Work Institute.
Another subsidiary that is a leader in its sector is the Mahindra Aerospace. This Indian aerospace company is the first ever private firm that manufactures civil aircrafts for Indian Aviation market. The company is an AS9100 Rev D certified design organization and has also developed a NAL NM5 light aircraft along with National aerospace laboratories.
The company has manufacturing plants in Latrobe regional airport in Victoria, Australia and Narsapura Industrial Area in Karnataka, India. The Aeros-structure business of Mahindra aerospace is known for providing sheet metal parts and assemblies for major global aerospace and defence companies. It provides more than 350 plus programs in over 9 countries.
Mahindra aerospace has acquired stake in international aircraft manufacturers like GippsAero, Aerostaff Australia in 2009 and Australian Boeing unit in 2010. The company has also used its planes as an air ambulance, rescuing animals and putting out wildfires in the times of need.
Mahindra Holiday and Resorts India limited
Founded: 1996
Mahindra holiday and resorts – Mahindra & Mahindra Subsidiaries
MHRIL is a part of the leisure and hospitality sector of the Mahindra group that was founded in 1996. Mahindra holiday and resorts offers family holiday packages mainly through vacation ownership memberships for over a period of 10 to 25 years. The main offering of the company is the Club Mahindra holidays which is its most popular flagship brand.
The Club Mahindra has more than 260,000 members, with a 100 plus resorts in India and 4,500 affiliated RCI resorts all over the world. The company is also known to be the world largest vacation ownership brand outside America.
The company aims in enabling people to rise through innovative mobility solutions, driving rural prosperity, nurturing new businesses and fostering communities around the world. Mahindra is so successful and will continue to grow because of its numerous subsidiaries. Mahindra is also a leader in as many as 22 sectors with an annual revenue $13 billion dollar.
Frequently Asked Questions
What does Mahindra group do?
Mahindra Group is a billion-dollar global enterprise that has business in sectors such as aerospace, agribusiness, aftermarket, automotive, construction equipment, defence, and more.
What are the subsidiaries of Mahindra Group?
The list of Mahindra group subsidiaries are:
Mahindra & Mahindra Limited
Mahindra Lifespace Developers Limited
Mahindra Financial Services Limited
Mahindra Holiday and Resorts India Limited
Mahindra Aerospace
Mahindra Logistics Limited
Mahindra Electric Mobility Limited
Tech Mahindra
Who is the CEO of Mahindra group?
Dr. Anish Shah is the CEO of Mahindra Group.
Where is the headquarters of Mahindra Group?
The headquarters of Mahindra Group is in Mumbai, Maharashtra.
What is the net worth of Anand Mahindra?
The net worth of Anand Mahindra is $170 Crores.
Who is the CEO of Tech Mahindra?
CP Gurnani is the CEO of Tech Mahindra.
How many companies are there under Mahindra Group?
There are 150 companies having global presence in 23 industries under Mahindra Group.
How many employees are there in Mahindra Group?
There are over 250,000 employees in Mahindra Group.
Adani Group is known to one of most well-known business conglomerate and a leading integrated player in infrastructure and energy spaces in India. The company is founded by Gautam Adani in 1988 and has its headquarters based in Ahmedabad, Gujarat. Adani Group has businesses in different sectors like Energy, Resources, Logistics, Coal Trading & Mining, Real Estate, Aerospace, Public Transport Infrastructure, Consumer Finance, Solar manufacturing, Defense, Gas distribution and Agriculture among others.
In 2015, Adani Group was ranked India’s most trusted infrastructure brand according to the The Brand Trust Report. It is the country’s largest integrated infrastructure conglomerate with a revenue of about $13 billion with operations at 70 locations in 50 different countries.
Adani group has focused on serving the diverse need of Indians and contributing towards nation building, as the company also invests part, of its revenue to protect and develop communities.
The company is known to be the country’s largest port developer and operator with more than 10 ports and terminal like Mundra port under its control. Adani group owns the largest edible oil brand called Fortune Oil, through joint venture with Wilmur International from Singapore. Adani is also the largest private power producer after adding the fourth unit 660 megawatts at its Tiroda Thermal power station. The Group has mines in various countries including India, Indonesia and Australia and also supplies coal to Bangladesh, China, and some Southeast Asian countries.
In 2018, the Adani Ports & SEZ Limited, added equipment and machinery making it the largest dredger fleet in India. The company has reached great heights because some of it’s main subsidiaries which are Adani Enterprises Limited, Adani Green Energy Limited, Adani Ports & SEZ Limited, Adani Wilmur, Adani Power Limited, Adani Total Gas Limited, Adani Transmission Limited, among others.
Adani Group had its humble beginnings as a commodity trading firm in 1988 and then got into the import and export of various commodities.Adani group then established the Adani Enterprises Limited which was previously known as Adani exports with just Rs 5 lakhs. In the 90s the company started to develop its own port and by 1995 it began construction at Mundra (which became the largest private port in India in 2002). In 1999, Adani began coal trading and started its joint venture in edible oil refining with Adani Wilmar in 2000.
Over the years, Adani established ports, mines, railway lines, power plants and ships in and outside the country. Later on in 2006, Adani became the largest coal importer in India with 11Mt of coal handling. After Adani won the Orissa mine rights in 2010, it became the the country’s largest private coal mining company in India. Adani bought Galilee Basin mine in Australia with 10.4 Gt of coal reserves and went on to commission India’s largest solar power plant with a capacity 40 MW.
Adani became the largest private sector thermal power producer in India after achieving the 3,960 MW capacity. By 2012 the group shifted its focus on to its businesses in the sectors of resources, logistics and energy. In 2014, Adani power became India largest private power producer, by the next year Adani Renewable Energy Park made a 50:50 joined venture with the Rajasthan Government so it can set up the country’s largest solar park with a capacity of 10,000 MW.
In 2016, Adani’s Aero defense sector signed a pact with companies like Elbit-ISTAR and Alpha Design Technologies in order to work in the field of Unmanned Aircraft Systems in India. The Adani Group acquired a part of Reliance Infrastructure for Rs. 18,800 crore in December 2017.
Under the guidance of Gautam Adani (one of the richest men in India), the company has reached great heights and improved business operations in the sectors likeenergy, resources, logistics, and agriculture, amongst others. With a net worth of 59.9 billion as of 2021, he has entered the list of top 20 billionaires as per Forbes. He recently Witnessed a Wealth surge of $17 billion in his Net worth.
Adani Enterprise is one of the major subsidiary and the primary holding company of the Adani Group. The company focuses on establishing other new businesses in the sectors of energy and infrastructure. It acts as an Incubator that converts opportunities into thriving or successful businesses. So far Adani Enterprise has expanded its presence in different industries and has emerged as a market leader.
The company is so successful that it was listed at Bombay Stock Exchange and The National Stock Exchange of India. Since it was established and listed in 1994 the company has come a long way to where it has the market cap of Rs 22,909 Crores. So far companies like APSEZ, Adani Power, Adani Transmissions, Adani Green Energy and Adani Gas have demerged from Adani Enterprise to get independently listed on the Indian stock exchange market.
The company aims in delivering consistent value, maximizing returns for stakeholders and helping in the activities that build a nation. The vision of Adani Enterprise is to build infrastructure for airport, water, roads, data centre, solar manufacturing and have a sustainable value creation.
Adani Ports and Special Economic Zone Limited
Adani PSEZ – Adani Group Subsidiaries
APSEZ is known to be the largest commercial port operator in India as it accounts to more than one fourth of the cargo transport that takes place in the country. APSEZ was originally called as Mundra Port and special Economic Zone Limited until it was changed in 2012. The company started its operations in Mundra Port, but has increased to 10 ports which comprise of 45 berths and 14 terminals across 6 states which are Gujarat, Goa, Kerala, Andhra Pradesh, Tamil Nadu and Odisha.
It is one of the main subsidiaries of Adani group with a market cap of Rs. 77,715 crore. The CEO of the company is Karan Adani. The company has a widespread national footprint because through Adani Logistics Ltd., APSEZ operates 3 inland containers depots and a storehouse of goods before they are custom cleared at the ports. The facilities of the port are specifically equipped with the latest cargo-handling infrastructure which best in class in order to make it capable of handling the largest vessels.
A national geographic documentary on Mundra port
These ports are also well equipped to handle diverse cargos, from dry cargo, liquid cargo, and crude to containers. APSEZ also provides Dredging and Reclaimation solutions for port and harbor construction. Which is why APSEZ currently operates 19 dredgers making it the largest capital dredging capacity in India.
The Mundra SEZ spans over 8000 hectares making it the largest portoperational and notified multi-product SEZ in India that offers investment options like Free Trade and Warehousing Zone (FTWZ) and Domestic Industrial Zone in India.
It also helps large scale industries for manufacturing set-up based upon cluster-based development for various industries. APSEZ has also undertaken mangrove afforestation activities to help the environment and also announced in 2016, that all ports and townships are being prepared to run on 100% renewable energy.
Adani Power Limited
Adani Power – Adani Group Subsidiaries
Adani Power is another major business subsidiary of Adani Group. The company has its headquarters based in Ahmedabad, Gujarat and is known to be largest private thermal power producer in India.
The company has thermal plants in Gujarat, Maharashtra, Karnataka, Rajasthan and Chhattisgarh and has a power generation capacity of 12,450 MW. It also operates a huge solar plant of 40 MW at Kutch, Gujarat. Adani Power generated a net profit of Rs 634.64 crores in the fourth quarter.
Adani power plants
This Indian company is the world’s first company to set up a coal based thermal power project registered under the clean development Mechanism (CDM) of the Kyoto protocol. Adani power was established as a power trading company in 1996 and has since signed long term PPAs of about 9,153 MW with the government of Gujarat, Maharashtra, Haryana Rajasthan, Karnataka and Punjab.
Despite being a new to power generation in 2006, the company went on to set up its first power plant at Mundra successfully. The company is also planning to implement a 1.600 MW plant at Godda, Jharkhand.
Adani Power has many successful subsidiaries under it, which are Adani Power Maharashra Limited, Adani Power Rajasthan Limited, Adani Power Dahej Limited, Mundra Power SEZ Limited and Adani Power Overseas Limited. Once Adani obtained the Udupi Thermal Power Plant in a 6,000 crore rupees deal.
In 2014, Adani Power got ahead of Tata Power to become the country’s largest power producer. The company’s power plant at Mundra is also the world first coal fired plant to receive carbon credits from the United Nations Framework Convention on Climate Change. The company was also awarded from the Government of Karnataka for the Udupi Power Plant.
Adani Transmission Limited
Adani Transmission – Adani Group Subsidiaries
Adani’s journey in the transmission industry started way before Adani Transmission Limited was established in 2006. Integrated in 2013, the company handles commissions, operations, maintenance of electric power transmission systems. Adani Transmission Ltd has a total transmission capacity of the company is 16,200 MW and is currently one of the largest private sector power transmission company in India.
The company operates a total network of 12,200 circuit kilometers and additional 3,200 circuit kilometers are under various stages of construction, as of 2020. Adani Transmission was founded by Gautam Adani and has its headquartered in Ahmedabad. The company got into the distribution space with the acquisition of Reliance Infrastructure’s Power Generation, Transmission & Distribution Business in Mumbai in 2018.
Now, the Adani Electricity Mumbai Limited which works under Adani Transmissions caters to more than 3 million customers and their electricity needs in the Mumbai. The company aims in setting up 20,000 circuit kms of transmission lines by 2022 with the help of organic and inorganic growth opportunities. Lastly it is the country’s first private power sector player to secure an international investment grade rating.
Adani Green Energy Limited
Adani Renewables – Adani Group Subsidiaries
This Adani subsidiary is one of the largest renewable companies in India with a current project portfolio of 13,990 MW. Adani Green Energy is known for developing, operating, building and maintaining solar and wind farm projects. The electricity generated is supplied to central and state government institutes or even government backed corporations. The company has now expanded to more than 11 Indian states.
National Geographic documentary on Adani solar power plant
The company uses the latest technologies in its projects and has an impressive portfolio of 54 operational projects and 12 projects under construction. It is leading India on its renewable energy journey and aims to provide a cleaner, better and a greener future for the country. The company operates one of the largest solar photovoltaic plants in the world (Kamuthi Solar Power Project).
Adani Green Energy also has over 39 subsidiaries under it and recently won the world largest solar bid worth 46 billion by the Solar Energy Corporation Of India. The company is known to manage over 5,290 MW of wind energy and solar power plants.
Adani Wilmar
Adani Wilmar – Adani Group Subsidiaries
Adani Wilmar was created out of a joint venture between Adani Group and the Singaporean company Wilmar International Limited. Wilmar one of the fastest growing food FMCG company in India and is Asia’s leading agri business group. The company has the largest range of edible oils such as Soya, Sun, Mustard, Rice bran, Groundnut and cottonseed.
Besides oil it also makes products like Basmati rice, pulses, Soya chunks, Besan, Fortune Wheat flour, Rawa, Sooji, etc which are all well known products in India. Brands like Fortune, King’s, Bullet, Raag, Avsar, Pilaf, Jubilee, Fryola, Alpha, Alife and Aadhar work under Adani Wilmur.
The company has the largest distribution network among all the branded edible oil players in India because it has over 95 stock points, 5000 distributors, 1.5 million outlets across the country.
Adani Wilmar has become successful internationally after selling its Edible oil to Middle-East and is now exporting its products to more than 19 countries in the Middle-East, South East Asia, East Africa, Singapore, Australia and New Zealand.
This Adani’s subsidiary is a city gas distribution company that mainly serves industrial companies and residential customers in Indian states. Adani Gas is currently uses City Gas Distribution networks in order to supply Piped Natural Gas to commercial, domestic and industrial companies in the country. The company also provides Compressed Natural Gas to the transport sector.
Adani Gas has so far set up city gas distribution networks in cities such as Ahmedabad and Vadodara in Gujarat, Faridabad in Haryana and Khurja in Uttar Pradesh. Natural Gas is not just a environment friendly, but is also convenient and reliable which allows consumers to enjoy a high level of safety, convenience and economic efficiency.
Conclusion
Over the past three decades Adani Group has kept growing to make itself a global leader in various sectors like Energy, Resources, Logistics, Coal Trading & Mining, Real Estate, Aerospace, Public Transport Infrastructure, Consumer Finance, Solar manufacturing, Defense, Gas distribution and Agriculture.
The company is also benchmarked the global standards in all the sectors. The company has so far been successful because of its numerous successful subsidiaries and will continue to grow and reach greater heights in the future.
FAQs
Who is the Chairman of Adani Group?
Gautam Adani is the Chairman of Adani Group.
Where is the headquarters of Adani Group?
Adani Group has its headquarters in Ahmedabad, Gujarat.
What does Adani group do?
Adani group is involved in business operations in the various sectors:
We have seen our parents use Tide to wash our dirty clothes. But, can you imagine Astronauts using Tide to wash their clothes? I know you may find this question stupid. But, this thing has turned into reality.
Tide and NASA have tied up to make a fully degradable detergent that will help Astronauts wash their clothes in space without water. Astronauts don’t have to worry about their clothes and can focus on other important things. Sounds exciting right? Keep reading this article to know more about this interesting project.
You may think that fully degradable detergent that will help washing clothes without water may not be very useful. But, you are wrong. Astronauts in space cannot wash their clothes as it would require a lot of water.
Other major challenges with the laundry system in space are compatibility with NASA life support systems and the risk that the ingredients of the detergent will cause harm to the Astronauts.
As they cannot do laundry Astronauts wear the clothes again and again. Once the clothes get stinky they are ejected with other waste to burn up in the atmosphere or sent back to Earth as trash.
Astronauts need to exercise for two hours every day. As you can imagine after doing so much exercise their clothes will get dirty easily. Due to this, they need to carry a lot of clothes while going to space. An Astronaut requires up to 68 kgs of clothes in space each year. The cargo is used to carry or store dirty clothes. The detergent will help the Astronauts save that precious cargo weight and use it for some other life-supporting gear.
How Tide Detergent will be Extremely Beneficial for Three Years Mars Mission
Most Importantly, this detergent would be extremely beneficial for a three-year Mars mission. They don’t need to carry tons of clothes with them during this long journey. Do you know Astronauts need to turn dirty laundry water into drinking water? This is because ISS has closed-loop water systems.
This means that Astronaut wastewater like sweat, urine, and moisture from their breath is captured. Then all the impurities are filtered out to turn it into water. Since the detergent will not use any water, the filtration process will not occur. Now, Astronauts don’t need to worry about filtering the dirty laundry water. NASA and Tide Detergent aim to turn this laundry water into drinking water.
How the Tide Detergent will Help to Solve Problems on Earth as well
Apart from saving the cargo storage of Astronauts if the detergent is successfully made it will have many benefits on earth as well. Most of the detergents contain ingredients that can pollute the watershed after we throw out dirty water there.
Due to this Detergent, we won’t use a lot of water. This will help us to keep Oceans, Rivers clean. A quarter of the world’s population doesn’t have enough water. The Detergent would help us to save a lot of water.
The deal with Tide and NASA is estimated to be $111,000. Tide scientists are using Machine Learning Technology and existing data to find out what things will work and what will not in space.
Detergent has not been made yet and currently, scientists are working on it. In December, as an experiment both the companies will send the detergent to the space station.
Onboard a 2022 cargo launch to the space station, “Mission PGTide” (P&G Telescience Investigation of Detergent Experiments), teams will test the stability of cleaning ingredients under microgravity conditions and exposure to the radiation levels experienced in space in partnership with the ISS U.S. National Laboratory and SEOPS.
In addition, the stain removal ingredients and performance will be tested on board the ISS through experiments with Tide To Go Wipes and Tide To Go Pens. The Astronauts will see the product’s reaction to weightlessness. In May Astronauts will receive the Stain removal pens and wipe for testing purposes.
Tide To Go Wipes and Tide To Go Pens
”Through private-sector utilization of the space station, companies like P&G can conduct investigations in ways not possible on Earth to develop new consumer products, enhance existing products, and better understand processes that further business models both on the ground and in low Earth orbit. We look forward to this first investigation of Tide in Space and hope that many more will soon follow.”, said Dr. Michael Roberts, Acting Chief Scientist for the ISS National Lab.
P&G is developing a washer-dryer combo as well. This will use less water and detergent and would work on both the Moon and Mars. On Earth, this machine will help the people living in arid regions.
Conclusion
We can all hope that the detergent and other stain removal products work and don’t disappoint the Astronauts. As told before Detergent is not yet made. If Tide and NASA successfully make these products then this would be a revolutionary thing for both the Astronauts and for the people on Earth.
We will only wait till December and May. If products are working then they will be very useful in the upcoming three-year Mars mission and for all future missions.
FAQ
Why did Tide and NASA have tied up?
Tide and NASA have tied up to make a fully degradable detergent that will help Astronauts wash their clothes in space without water.
Has Tide made the Degradable Detergent?
Detergent has not been made yet and currently, scientists are working on it.
When will the testing of Detergent and other Stain removal products be done?
In December, as an experiment both the companies will send the detergent to the space station. In May Astronauts will receive the Stain removal pens and wipe for testing purposes.
Why is Tide making a Detergent for Astronauts?
Astronauts in space cannot wash their clothes as it would require a lot of water. So, the Astronauts wear the clothes again and again. Once the clothes get stinky they are ejected with other waste to burn up in the atmosphere or sent back to Earth as trash. The Detergent would help Astronauts wash their clothes without water.
What is the estimation of the deal between Tide and NASA?
The deal with Tide and NASA is estimated to be around $111,000.
When it comes to life and Mars, what’s better than Elon Musk’s SpaceX? Yes, SpaceX is an absolutely dedicated space organization founded by Elon Musk. The work and agendas of SpaceX towards the exploration of space and manufacturing satellites and rockets for better communication during the exploration.
Elon Musk founded this organization to complete his mission of bringing life to Mars. He holds the vision of bringing humanity to multiple planets in the universe. Besides SpaceX, Elon Musk also founded the extremely popular and successful Electric vehicle and clean energy company, Tesla. His compassion towards both of these prominent companies is Splendid.
SpaceX is the company that is taking aerospace manufacturing to a next level of evolution. The company manages all the aspects required for building rockets and satellites but also, keeps the finances superior over the contemporaries.
Today, SpaceX is a well-established reliable brand that commercializes space-traveling, pretty affordable and fascinating. Although SpaceX is still a private organization, it manages to be incredibly successful in exploring space travel.
With the immense success of SpaceX, people often wonder about the business model of the company. And that’s what we are discussing in this article. Let’s begin!
SpaceX, the incredibly reliable brand which is officially termed Space Exploration Technology Corporation aka SpaceX. The company is an American aerospace producer as well as space transportation services provider, headquartered in Hawthorne, California, United States.
Elon Musk founded this tremendous company in 2002, with the aim of minimizing the cost of overall space transportation and enabling humanity on Mars. SpaceX is known as the first-ever private organization that funded the liquid-propellant rocket- Falcon 1, to reach orbit and successfully recover back.
SpaceX is an enormous part of the space transport industry. The company transformed the industry by minimizing the cost of manufacturing a satellite or rocket and brought back the usage of boosters.
SpaceX is entirely based on three subtle offers, that is, Accessibility, performance, and brand status. These hold the biggest fraction behind the success of SpaceX.
What are the top launch facilities operated by SpaceX?
SpaceX has achieved some remarkable success in the exploration and production of space transportation. The company operates the top four launch facilities, that are:
Cape Canaveral Space Launch Complex 40 (SLC-40)
Kennedy Space Center Launch Complex 39A (LC-39A)
Vandenberg Space Force Base Space Launch Complex 4E (SLC-4E)
Brownsville South Texas Launch Site
Competitors of SpaceX
SpaceX aims to be the first-ever company to operate commercial space travel. The founder, Elon Musk sets the goal to colonize Mars. With its enormous success, the company has dozens of competitors in the market who are willing to finance space travel commercially.
The biggest competitor of SpaceX is Virgin Galactic by Richard Branson and Blue Origin by Jeff Bezos. However, SpaceX is backed by the government of the United States that’s why it ought to be on top.
Target Audience of SpaceX
SpaceX entirely targets the government and few private companies across the globe. The establishment of SpaceX is based on bringing life on Mars, that’s why its ultimate goal is to serve the complete mankind with its mission of space travel.
The first-ever private company that gained the official license from NASA, for launching payloads and humans to space, is SpaceX. The company was founded by Elon Musk in 2002 that makes space travel absolutely affordable. SpaceX follows a very distinct business model along with bold successful strategies.
Elon Musk believes that the only possible way to colonize Mars is to count on endurable and scalable transportation methods. SpaceX is growing tremendously and getting ready to carry people to Mars.
Since 2002, after the launch of the company, SpaceX has performed dozens of space launches. As of 2020, the company launched 26 missions. SpaceX combines a set of distinct sectors such as aerospace suppliers, manufacturers, subsidiaries, and distributors.
SpaceX is working towards developing the next level of space transportation by reusing rockets in order to make traveling possible for people and cargo around the orbit of the earth. The achievements of SpaceX are contemplated as the first for any private company.
How does SpaceX make money?
SpaceX is an extremely successful aerospace company that generates its money by shipping rocket missions to space and directing satellite plans for its clients.
Last year, in 2020, SpaceX sent two NASA astronauts to the International space station through its reusable rocket, Falcon 9. This was known as the first-ever commercial manned launch.
In fact, the company signed 15 different commercial missions, estimated to the worth $80 million per launch. The company would earn around $1.2 billion in revenue through this.
SpaceX aims to launch such a rocket that can carry civilians and travel them in Space. The ticket price for this is yet to be disclosed but the estimated value is above millions.
Moreover, SpaceX sells beta access to Starlink projects at the price of $99 per month with a one-time asset of router and disk at $499. The company has also aimed to expand its internet services to airlines.
Happy to have the support of @SpaceX’s Starlink internet as emergency responders look to help residents rebuild the town of Malden, WA that was overcome by wildfires earlier this month. #wawildfirepic.twitter.com/xUSQOjcT4T
The Space Exploration Technologies Corporation, SpaceX has redefined the whole aerospace manufacturing and space travel transportation services and offers with its incredible technology usage. The company aims to make space travel commercial and minimize the total expenditure on manufacturing rockets and satellites. SpaceX is a globally recognized and well-established company with a distinct business model, which is surely beneficial for investing. Stay tuned for more updates!
FAQ
Who is the CEO of SpaceX?
Elon Musk is the founder and current CEO of SpaceX.
What is the valuation of SpaceX
The valuation of SpaceX is $74 billion as of 2020.
A Monopoly is a situation in the market when a specific company or an enterprise is the only supplier of a particular product in the country. India has some companies in which have a monopoly in the market. Let’s look at the companies which have a monopoly in the Indian market.
IRCTC has a 100% monopoly in their respective sector in the Indian market. IRCTC stands for Indian Railway Catering and Tourism Corporation. IRCTC is a subsidiary company of Indian railways which involves in providing services such as ticketing, catering and tourism.
The company was founded in the year 1999 and has its headquarters located in New Delhi, India. The Company in the beginning was fully owned by the Government of India under the control of Indian Railways but during the year 2019, the company was listed on the National Stock exchange (NSE). The majority shareholding is still with the Government of India.
Coal India has an 82% monopoly in their respective sector in the Indian market. Coal India Limited is also a company which is undertaken by the Government of India. The company was founded in the year 1975 and has its headquarters in Kolkata, India.
Coal India is the largest coal-producing company in the world. The company is also a Maharatna public sector undertaking. The company has a contribution of around 82% of the total coal production in India. Coal India is owned by the Union Government of India and its operations are taking place through the Ministry of Coal. It is the 8th most valuable company in India.
ITC has a 77% monopoly in their respective sector that is the manufacturing of Cigarettes in India. ITC Limited is an Indian based multinational conglomerate. The company was founded in the year 1910 and has its headquarters located in Kolkata, India.
ITC has a monopoly over their cigarette brands in the country other than that they have a wide range of products and services such as Hotels, FMCG, Packaging, Paperboards, Agribusiness and Specialty Papers. The company was formerly known as India Tobacco Company limited and later in the year 1974 it was renamed as ITC Limited where ITC doesn’t stand for any acronym.
Pidilite
Pidilite has 70% monopoly in their respective sector in the Indian market. Pidilite Industries Limited is an Indian based manufacturing company. It was founded in the year 1959 and has its headquarters located in Mumbai, India.
Pidilite Products
The company is mostly involved in the manufacturing of adhesives and also has its monopoly share in the adhesive manufacturing sector. Other than this the company is involved in consumer products such as art materials, food and fabric care, car products, stationery materials, etc.
They are also involved in the manufacturing of specialty industrial products such as industrial pigments, industrial adhesives, textile resins and leather chemicals. One of the major brands under Pidilite is Fevicol.
Nestle has a 97% monopoly in their respective sector that is Cerelac in India. Nestle is a Switzerland based multinational conglomerate. It was founded in the year 1866 and has its headquarters in Vaud, Switzerland. The company is involved in the manufacturing of food and drinking products. Nestle is the largest food company in the world.
Nestle Products
Cerelac is an instant cereal which is manufactured under Nestle. Other than this Nestle has a wide range of products such as baby food, medical food, bottled water, coffee and tea, dairy products, confectionaries, ice cream, chocolates, frozen food, pet foods, etc.
Marico
Marico has a 73% monopoly in their respective sector that is Premium Edible Oils in India. Marico is an Indian based company. The company was founded in the year 1990 and has its headquarters in Mumbai, India. Marico is one of India’s leading companies in the consumer goods sector.
Other than Premium edible oils the company has a wide range of products and brands such as hair care, skincare, male grooming, health foods, fabric care, etc. Marico has its presence in almost 25 countries across Africa and Asia.
Hindustan Zinc
Hindustan Zinc has a 78% monopoly in their respective sector that is the manufacturing of Zinc in India. Hindustan Zinc Limited is an Indian integrated mining and resource-producing company. The company is undertaken by a Central Public Sector. The company was founded in the year 1966 and has its headquarters located in Rajasthan, India.
The company is involved in the mining and resource production of zinc, lead, cadmium and silver. In the year 2003 Hindustan Zinc was sold to Vedanta Ltd. Currently, the company is a subsidiary company of Vedanta Ltd.
HAL has a 100% monopoly in their respective sector in the Indian market. Hindustan Aeronautics Limited which is commonly known as HAL is an Indian company that is owned by the state. The company was founded in the year 1940 and has its headquarters in Bangalore, India. HAL is an aerospace and defense company.
HAL is involved in the operation of aerospace and is also involved in the design, assembling and fabricating of aircraft, jet, engines, helicopters and their spare parts. The company is governed under the management of the Indian Ministry of defense.
A monopoly is a firm who is the sole seller of its product, and where there are no close substitutes. Examples: Microsoft and Windows.
What are the 4 types of monopolies?
Natural monopoly, Geographic monopoly, Government monopoly, and Technological monopoly are 4 types of monopolies.
Is Coca Cola a monopoly?
Coca-Cola, Pepsi, etc are not a monopoly because they are in one of the most crowded industries – Drinks and Soft Drinks.
Conclusion
These are the top companies that has a monopoly in the Indian market. A monopoly market has its own benefits and disadvantages. It is always good for a country to have a mixture of companies with some monopoly companies.
