People all around the world know about Pepsi, and its products are enjoyed over one billion times just in every day by its consumers. PepsiCo Inc. is an American multinational company that manufactures, markets, and distributes various snacks, food, and beverages.
PepsiCo is also known to be one of the largest companies in the world because its products are available throughout 200 countries. The company was first formed in 1965 with the merging of the Pepsi-Cola and the Frito-Lay companies. The company is currently headquartered in Harrison, New York.
It is also the largest food and beverage business in North America according to its net revenue and the second-largest in the world, only behind Nestle. For the year 2024, PepsiCo’s revenue was $91.85 billion.
The company offers a wide variety of products such as soft drinks, fruit juices, ready-to-drink tea and coffee, energy/sports drinks, chips, packaged foods, bottled water, etc. The company is now also expanding its categories of products like probiotics, functional beverages, and even cold-pressed juices. Since its inception, Pepsico has acquired many brands. So, here’s a look at all the brands under PepsiCo.
The company had its humble beginnings with a carbonated drink that was made by a pharmacist, Caleb D Bradham, in North Carolina in the 1890s. The company was trademarked in the 1900s and became popular under Pepsi–Cola. However, after 20 years of success, Mr Bradham sold the company after it went bankrupt.
It wasn’t until the 1930s that it became profitable again because of Loft Inc.’s efforts. At this point, the Pepsi-Cola company expanded with Diet Pepsi and also went on to purchase Mountain Dew in the 1960s.
PepsiCo Inc. was founded in 1965 when the two big companies which are Pepsi-Cola and Frito-Lay, were merged. The company then went on to acquire Tropicana in 1998 and then Quaker Oats and Gatorade in 2001. Pepsi now has products like Pepsi, Diet Cola, Fritos corn chips, Lays potato chips, Cheetos cheese-flavoured snacks, Ruffles potato chips, and Rold Gold pretzels. But with the addition of Quaker Oats, Gatorade sports drinks were also added to the list, making it a billion-dollar company.
In 2018, the company acquired SodaStream, a company that makes machines for homemade sparkling water. Its recent acquisitions include Organic and raw trading Co, which is an Australian company, Chi Limited from Nigeria, and Tropic from France. It also acquired Costa, a British Coffee company.
Now, 70-plus years later, PepsiCo is a conglomerate and a multinational manufacturer and supplier of soft drinks, food items, snacks, and different types of juices. The company distributes its variety of products to more than 200 countries.
Pepsico Products List
PepsiCo Subsidiaries
PepsiCo Inc. is best known for its manufacturing, marketing, distribution, and sales of popular beverages, food items, snacks, etc. The company has 23 brands that generate more than $1 billion each according to their retail sales, including popular brands like Frito-Lays, Gatorade, Pepsi-Cola, Quaker, and Tropicana, which provide a wide range of products.
Three of its beverage companies, Pepsi-Cola, Mountain Dew, and Diet Pepsi, are among the top ten most beloved soft drinks in the American market. The Frito-Lays Company is a global leader as it holds 40% of the market share worldwide and 56% in the US for its snacks.
Frito-Lay manufactures and sells nine out of ten potato chips, which include Lay’s, Doritos, Tostitos, Ruffles, and Cheetos. Another subsidiary that is a leader in its sector is Tropicana, as it holds 41% of the US orange juice market.
PepsiCo subsidiaries are divided into seven divisions, which are PepsiCo Beverages North America, Frito-Lay North America, Quaker Foods North America, Latin America, Europe, Africa, the Middle East, and lastly being Asia, Australia/New Zealand, and China.
Each of these subdivisions has many subsidiaries under it:
The Frito Lay North America – This division manufactures, markets, and distributes Lays, Doritos, Cheetos, Tostitos, Fritos, Ruffles, and the Santitas Brands.
Quaker Foods North America – It manufactures, markets, and distributes various Cereals, Rice, Pasta, Aunt Jemima, Quaker Chewy, Cap’n Crunch, Life, and Rice and Roni brands.
The North American Beverages – North American Beverages manufactures, markets, and distributes syrups, fruit juices, and soft drinks like Pepsi, Gatorade, Mountain Dew, Diet Pepsi, Tropicana juices, and bottled water like Aquafina, Sierra Mist, etc.
Latin America – This division manufactures, markets, and distributes beverages, food products, and snacks specific to the South American countries.
Europe – The Europe division of PepsiCo manufactures, markets and distributes beverages, food products and snacks specific to Europe and African regions.
South Asia and the Middle East, and Africa – This division manufactures, markets, and distributes food products and snacks like Lays, Kurkure, Chipsy, etc.
The Asia Pacific, Australia/New Zealand, and China – This of PepsiCo division manufactures, markets, and distributes also offers a variety of snacks and beverages like 7UP, Mirinda, Pepsi, Mountain Dew, Cheetos, Doritos, Lay’s, etc.
PepsiCo Beverages North America
PepsiCo Beverages North America is a sector that manufactures, markets, and sells beverages in North America. This division has made many notable innovations, partnerships, and strategic acquisitions. These beverages are not only enjoyed in America but all over the world.
PepsiCo Beverages North America sells soft drinks, bottled water, ready-to-drink coffees and teas, sports drinks, and juices, through which it tries to satisfy a wide range of customers’ tastes, occasions, and lifestyles, especially in North America.
PepsiCo subsidiaries include the most popular beverages consumed in America. Some of the most well-known beverage manufacturers under this division are Pepsi, Mountain Dew, Gatorade, 7UP (outside the U.S.), Tropicana Pure Premium orange juice, Sierra Mist, SoBe Lifewater, Tropicana juice drinks, AMP Energy, Naked Juice, Izze, and Aquafina.
PepsiCo Beverages North America also helps out third-party companies like Starbucks and Unilever in manufacturing, marketing, and selling their ready-to-drink coffees and teas.
Some of the well-known PepsiCo subsidiaries under PepsiCo Beverages North America are:
Pepsi
Pepsico Subsidiaries – Pepsi
Pepsi is one of the first drinks the company started selling, which started out as a refreshing and energizing drink. Now it is known to be one of the world’s most popular and consumed soft drinks around the world.
Gatorade
Pepsico Subsidiaries – Gatorade
Gatorade is one of the most popular brands under Pepsi, which is known for its signature line of sports drinks and is popular in America. The company is currently the fourth largest brand of PepsiCo and is distributed to over 80 countries. The company was acquired by PepsiCo in 2001 and is now the official drink for the NBA, AVP, PGA, Major League Basketball, and other sports teams and events.
Mountain Dew
Pepsico Subsidiaries – Mountain Dew
Mountain Dew is another soft drink brand that is owned by PepsiCo, the company became its subsidiary in 1964. Today, Mountain Dew is the number one flavoured carbonated soft drink in America. Mountain Dew comes in many flavours and varieties. Mountain Dew is also one of the top soft drinks in the US.
Naked Juice
Pepsico Subsidiaries – Naked Juice
Naked Juice is a juice and smoothie producing company that was purchased by PepsiCo in 2007. This acquisition helped in building PepsiCo’s portfolio as it can offer healthy drinks for health-conscious customers by selling nutritional juices and smoothies through Naked Juice.
Tropicana
Pepsico Brands – Tropicana
This brand is loved by everyone as it excels in producing orange juice. Tropicana is popular because it provides fresh fruit juices and is not concentrated. PepsiCo acquired the company in 1998 and was one of the main acquisitions for PepsiCo. With Tropicana, PepsiCo could compete with Coca-Cola’s Minute Maid.
Frito-Lay North America
Frito-Lay is a main subsidiary of PepsiCo, as it manufactures, markets, and sells a wide variety of snacks, including Corn and potato chips. The company merged with Pepsi-Cola in 1961. Today, the company has 29 snack brands under it with more than 55,000 employees.
It makes many of the most popular snacks, such as Lay’s potato chips, Doritos tortilla chips, Cheetos cheese-flavoured snacks, Tostitos Chips with their dips, Ruffles Potato chips, Fritos Corn chips, Rose Gold Pretzels, Walkers potato chips, and Santitas tortilla chips, etc. The annual Revenue of Frito-Lay in North America is up to $17.1 billion in 2019.
Some of the well-known PepsiCo subsidiaries under Frito-Lay North America are:
Lays
PepsiCo Brands – Lay’s
Lay’s is one of the world’s most popular and iconic potato chip brands, and Pepsi products, owned by PepsiCo through Frito-Lay since 1965. Today, there are over 200 different varieties of Lays flavours all over the world. Lay’s potato chips bring in more than $1 billion yearly in retail sales.
Sabritas
PepsiCo Brands – Sabritas
Sabritas is the main brand under which PepsiCo manufactures different Frito Lay products and popular snacks for Mexico, such as Crujitos, Poffets, Rancheritos, and Sabritones etc. The company is also known to control about 80% of the Mexican snack market.
Cheetos
PepsiCo Brands – Cheetos
Cheetos is a very popular snack not only in America but all over the world. The cheese puff snack was given the rank of the top-selling cheese puff in the primary markets of the United States in 2010. It is also one of the most profitable brands of PepsiCo, as it is sold in more than 36 countries. Its worldwide annual sales record is more than $4 billion. The company has now expanded its product line to more than 21 different flavours in America alone.
Doritos
PepsiCo Brands – Doritos
Doritos is one of the most recognized tortilla-type chip brands in the world. It became a PepsiCo subsidiary in 1964 and originated from a restaurant at Disneyland. The company has gained a lot of popularity mainly because of its unique marketing campaigns and many ad commercials aired during the Super Bowl.
Tostitos
Tostitos
Tostitos is another brand similar to Doritos, as it also produces Tortilla chips that are meant to be eaten with dips, which are also sold by the company. This brand is extremely popular in all North American countries.
Quaker Oats has always been known for its quality, great taste, and nutrition. The company was merged with PepsiCo in 2001, and since then has been manufacturing, selling, and distributing a variety of healthy products such as cereals, Rice, Pasta, Dairy products, etc.
One of its most well-known brands is Quaker Oatmeal, Quaker’s granola bars, Cap’n Crunch cereals, Pasta Roni, Quaker grits, etc. The annual revenue of Quaker Oats was $3.7 billion in 2021.
Some of the well-known subsidiaries under Quaker Foods North America are:
Cap’n Crunch
Cap’n Crunch
Cap’n Crunch is an extremely popular Corn and Oat cereal consumed in America, manufactured by the Quaker Oats company. The company became a PepsiCo subsidiary in 2001. Since then, the company has expanded its products by introducing new flavours.
Life Cereal
Life Cereal
Another popular oat and soy protein cereal brand is manufactured by Quaker Oats Company, and one of the most profitable subsidiaries of PepsiCo.
Rice A Roni
Rice A Roni
This is a company that makes boxed food in a variety of rice, vermicelli pasta, and seasonings. This company is owned by Quaker Oats and is a popular subsidiary of PepsiCo.
Quaker’s products
Quaker
Quaker’s own product line is very profitable for the Pepsico brand. The company makes a variety of popular American snacks such as Quaker’s natural granola, Quaker’s Oatmeal and instant Oatmeal, Quaker Oat Bran, Quaker grits, Quaker puffed rice, Quaker chewy granola bars, Quaker oatmeal cookies, snack bars, etc.
Pepsico Latin America
PepsiCo Latin America Foods is another important division as it manufactures, sells, and distributes many well-known brands whose products are especially famous in Latin American countries. Some of these brands are Doritos, Marias Gamesa, Cheetos, Ruffles, Bacconzitos, ManiMoto, Emperador, Saladitas, Sabritas, Lucky, Elma Chips, Tostitos, and Rosquinhas, and many other products. This division mostly works independently, but also works with other third-party companies.
Some of the well-known PepsiCo subsidiaries under Pepsico Latin America are:
Sabritas
Sabritas is another popular subsidiary of Pepsico from Mexico, which is known for the quality, variety, and authentic flavours of its products. The company was acquired by PepsiCo in 1966. This company works under Frito-Lay and PepsiCo and has its own line of potato chips named Sabritas. It also makes several local brands that are well appreciated, such as Crujitos, Poffets, and Rancheritos. The company is also known to control about 80% of the Mexican snack market.
Gamesa
Gamesa is a leader when it comes to the cookie market, as it exports its products to more than 16 countries. This company was acquired by PepsiCo in 1990. And ever since then manufactured a wide variety of products that range from Pastries to Oats and cookies, and cereals. Some of its well-known brands are Emperados, Arcoiris, Mamut, Chokis, and Maizoro.
Other Regional Brands
The other lesser-known subsidiaries under PepsiCo’s Latin America Foods division are brands like Natuchips in Venezuela, Colombia, and Ecuador, Tortix in Guatemala, Toddy Cookie from Argentina, and lastly, Toddynho from Brazil, which are local snack brands from different Latin American countries.
The Europe branch of PepsiCo manufactures, markets, sells, and distributes snacks and other food brands or subsidiaries throughout all countries in Europe and South Africa. It also operates independently and third-party companies such as Lay’s, Walkers, Doritos, Cheetos, and Ruffles, including Quaker’s products and popular beverages like Pepsi, 7UP, Diet Pepsi, and Tropicana juices. PepsiCo Europe also manufactures many ready-to-drink teas and coffees because of its joint ventures with Starbucks and Unilever.
Some of the local specific subsidiaries are Marbo, Smiths, Paw Ridge, Duyvis, Snack a Jacks, Twistos, Lebedyansky, Solinki, and dairy products like Domik v Derevne, Chudo, and Agusha. It operates the subsidiary Matutano in Spain and Portugal and has manufacturing plants in England. The Chief Executive Officer of PepsiCo Europe is Silviu Popovici, and headquartered in Geneva, Switzerland.
Some of the well-known PepsiCo subsidiaries under Pepsico Europe are:
Duyvis
Duyvis
This is a Dutch snack-based company that became PepsiCo’s subsidiary in 2006 and is known for its salty snacks, a variety of peanuts with flavours, and nuts, along with its dips.
Wimm Bill Dann
Wimm Bill Dann
This company is known to be one of the largest dairy-producing companies, as it manufactures yoghurt, milk, flavoured milk, fruit juices, and other soft drinks. The company is headquartered in Moscow, Russia, and was acquired by PepsiCo in 2011. It is a leader in the food and beverage market of Russia as it holds a 34% market share in all dairy products in Russia.
Lebedyansky
Another Russian company was acquired by PepsiCo in 2008. The company is known for its fruit juice, baby food, vegetable juice, and soft drinks. Lebedyansky is the largest juice manufacturer in Eastern Europe and the sixth-largest in the world.
Marbo
Marbo
This potato chip company is from Serbia and was acquired by PepsiCo in 2008. This company managed to help the locals of Backi Maglic, Serbia, by providing 100 jobs.
Pepsico Africa, Middle East, South Asia (AMESA)
PepsiCo’s Asia, Middle East, and Africa manufactures, markets, and sells beverages and snacks to all the countries of Asia, the Middle East, and Africa. It also likes the other make products independently and for third-party companies.
Some of the popular PepsiCo subsidiaries under Pepsico Africa, Middle East, South Asia (AMESA) are Lay’s, Kurkure, Chipsy, Red Rock Deli, Doritos, Cheetos, Simba, other Quaker’s products, and beverages like Pepsi, Mirinda, Sting, 7UP, Mountain Dew, Aquafina, and Tropicana. The business in these regions accounted for 10% of PepsiCo’s net revenue worldwide. PepsiCo AMESA’s chief executive officer is Eugene Willemen, and is headquartered in Dubai, UAE.
Kurkure
Pepsi Products – Kurkure
Kurkure is one of the popular products of Pepsi company sold in India. It is a corn puff snack made up of rice, lentils, and corn. Kurkure is an Indian brand from PepsiCo India and is known for its snacks, especially in India and Pakistan.
Sabra Dipping Company
Pepsi Products – Sabra
Sabra is actually an American company that is known for producing food products that are made in a Middle Eastern style. It makes dips like Hummus and guacamole. All Sabra products are vegetarian.
Simba
Pepsi Products – Simba
Simba is a South African snack manufacturer that was acquired by PepsiCo in 1999. It is known for its snacks that are made up of potatoes and maize. This company also holds over 63% of the South African chips market.
Pioneer Food
Pepsi Products – Pioneer Food
Pioneer Food was recently acquired by PepsiCo in 2020. The company is known for its popular snacks like Bokomo Cereals, Spekko, Ceres fruit juice, and Sasko bread. This acquisition helped PepsiCo grow across the entire African continent.
Pepsico Asia Pacific, Australia/New Zealand, China (APAC)
This sector manufactures, markets, and sells beverages and snacks to all the countries of Asia Pacific, Australia/New Zealand, and China. It also likes the other to make products independently, and for third-party companies like Starbucks and Unilever.
The Smith’s Snack Food Company
Smith’s Snackfood Company
Smith’s Snackfood Company is fully owned by PepsiCo. It makes many popular snacks like Doritos, Burger Rings, Twisties, and Cheetos. The company started in 1920 in Australia, founded by Frack Smith, Jim Viney, and George Ensor. PepsiCo bought the company in 1998 by investing $300 million. Today, Smith’s holds a big share of the snack and drink market in the United Kingdom.
It also makes similar products such as Cheetos, Doritos, Lays, Smiths, and beverages like Pepsi, 7UP, Aquafina, Mirinda, Mountain Dew, etc. The Chief Executive Officer of the division is Wern-Yuen Tan and is headquartered in Shanghai, China.
Conclusion
This completes the list of all the brands owned by PepsiCo. PepsiCo is a conglomerate that manufactures, markets, and distributes snacks, beverages, and other food products that are loved by everyone. Every country definitely has some subsidiaries that belong to the company. There are a lot of PepsiCo products that we probably use in our daily lives. This article will surely help you find out what those are.
FAQs
Pepsi company belongs to which country?
Pepsi is an American food and beverage company founded in 1893.
How many brands does PepsiCo own?
PepsiCo owns 23 brands that generate revenue of $1 billion for the company.
Does Pepsi own Gatorade?
Gatorade is a popular sport drink brand based in America. Pepsico acquired Gatorade in 2001.
Who owns Doritos?
Doritos is an American brand that sells flavoured tortilla chips. Pepsi bought Doritos when it merged with Frito-Lay in 1965.
Is Dr Pepper a Pepsi product?
No, Dr Pepper is not a Pepsi product. It is owned by Keurig Dr Pepper in the U.S. However, in some regions, PepsiCo has agreements to distribute Dr Pepper.
What drinks are Pepsi products?
Pepsi products include popular drinks like:
Pepsi
Mountain Dew
7UP (in some countries)
Mirinda
Slice
Tropicana
Gatorade
Lipton Iced Tea (with Unilever)
Aquafina (bottled water)
Sting (energy drink)
These vary by country, but all are PepsiCo beverages.
Does Pepsi own Lays?
Yes, PepsiCo owns Lay’s. Lay’s is one of the flagship snack brands under Frito-Lay, a subsidiary of PepsiCo.
Who owns Pepsi?
Pepsi is owned by PepsiCo, a multinational food and beverage company based in the United States. PepsiCo is a publicly traded company, so it is owned by shareholders who hold its stock.
Zomato is one of India’s leading food delivery companies, making it easy to get your favourite meals to your doorstep. But Zomato is more than just a food delivery app, it has grown into a powerhouse by acquiring several businesses.
The Deepinder Goyal-led company now offers services like quick grocery delivery through Blinkit and entertainment ticketing after acquiring Paytm’s entertainment ticketing business. These moves have helped Zomato stay ahead in the competitive market.
In this article, we’ll explore all the companies owned by Zomato and its key acquisitions. So, without any further ado, let’s get right into exploring companies under Zomato and see how they contribute to the company’s success.
The key to making acquisitions is being ready because you really never know when the right big one is going to come along. – James McNerneyGoyal
About Zomato
Zomato, founded in 2008 by Deepinder Goyal and Pankaj Chaddah, is a leading Indian food delivery and restaurant discovery platform headquartered in Gurugram, Haryana. Initially known as Foodiebay, Zomato has expanded its services to include food delivery, table reservations, and more.
In February 2025, Zomato rebranded as “Eternal” to reflect its broader business scope, which now includes:
Zomato: Food delivery services.
Blinkit: Quick-commerce unit.
District: Live events business.
Hyperpure: Kitchen supplies unit.
This rebranding aligns with Zomato’s strategic focus on quick-commerce growth, particularly through its Blinkit acquisition.
Zomato’s mission is to “ensure nobody has a bad meal,” reflecting its commitment to enhancing dining experiences through technology and innovation.
Paytm Insider is one of India’s largest platforms to discover and find tickets to exciting live events and experiences in the country. Starting out in 2014 with tickets to Bacardi NH7 Weekender and Russell Peter’s early India tours, it has emerged as a leading entertainment ticketing platform. Zomato acquired Paytm’s entertainment ticketing business, Paytm Insider in August 2024 for INR 2,048 crore.
Blinkit
When we talk about the companies under Zomato, the first name that comes to mind is Blinkit. Blinkit, formerly Grofers, is an Indian quick-commerce platform that delivers groceries and essentials to customers’ doorsteps. Founded in December 2013 by Albinder Dhindsa and Saurabh Kumarand based in Gurugram, it promises delivery within 10 minutes. In June 2022, Zomato acquired Blinkit for approximately $568 million (INR 4,447 crore).
Hyperpure is Zomato’s B2B food supply platform, acquired in August 2018 through the takeover of Bengaluru-based startup WOTU. It provides restaurants with fresh, high-quality ingredients like fruits, vegetables, dairy, poultry, and grains. Hyperpure helps eateries maintain food safety and consistency by sourcing directly from farmers and producers. It has expanded across multiple cities, becoming one of the most important parts of Zomato’s supply chain ecosystem.
Feeding India
Feeding India is a non-profit organisation that fights hunger and food waste in India. Zomato acquired it in July 2019 to support its mission. Feeding India collects extra food from restaurants, events, and homes, then gives it to people in need. After the acquisition, Zomato helped expand its efforts, making food more accessible to underprivileged communities.
Fitso
In January 2021, Zomato acquired Fitso, a sports facilities provider, for approximately INR 80-100 crore. Fitso offers access to various sports activities like swimming, basketball, and tennis through a subscription model. Later, in November 2021, Zomato sold Fitso to Cult.fit for about $50 million.
Menu Mania was a restaurant discovery service, through which one could discover local places where they could eat. It was founded in the year 2006, and its headquarters were situated in Auckland, New Zealand.
In July 2014, Zomato acquired Menu Mania for an undisclosed amount. This acquisition marked Zomato’s first entry into the New Zealand market and its first acquisition in the Internet Software and Services sector.
Following the acquisition, Menu Mania’s website was integrated into Zomato’s platform as Zomato.co.nz. However, later on, Zomato stopped operations in New Zealand but continues to offer dine-in restaurant exploration and food delivery services in India and the UAE.
Urbanspoon
Urbanspo – Zomato Acquired Companies
Urbanspoon was a restaurant discovery service. Through its help, one could discover restaurants where users could give reviews and also recommend them to other people. It was founded in the year 2006 by Adam Doppelt, Ethan Lowry, and Patrick O’Donnell. The headquarters were situated in Seattle, United States of America.
At first, the service was open in countries like Canada, the United Kingdom, Australia, New Zealand, Ireland, and of course the United States of America. Urbanspoon was acquired by Zomato on 12th January 2015 for $55 million. Through the acquisition, Zomato established itself in countries like Australia and Canada.
MapleGraph Solutions was founded in the year 2011 by Arun Tangri and Varun Tangri, it is a technology powerhouse whose headquarters is situated in New Delhi, India. The company is all about building cloud-based and mobile-based solutions for everyone.
Zomato acquired MapleGraph in April 2015, and the company developed MaplePOS, which was later renamed Zomato POS. After this acquisition, Zomato Base was made to enable restaurants to manage their menus and also has an inbuilt payment system. This helped Zomato in providing restaurants with business-focused solutions.
Runnr
Runnr – Zomato Acquired Companies
Runnr was a startup founded in the year 2015 by Aravind Reddy, Arpit Dave, Gnanesh Chillukuri, Mohit Kumar, Mukunda NS, and Vatsal Singhal. It was a B2B platform that provided hyperlocal management services to those who get together and partner with merchants. Zomato acquired Runnr in 2017 to boost their delivery ways and to provide a good food delivery experience to their customers, the amount of the deal was not disclosed.
Uber Eats India
Uber Eats – Zomato Acquired Companies
Uber Eats India was another popular food delivery service in India through which one could get their favourite food at their doorstep. It was the India-based app of the American company Uber, founded in 2014 by Garrett Camp and Travis Kalanick. Uber Eats India was sold by Uber, and Zomato acquired the food delivery in 2020 for $350 million.
Lunchtime
Lunchtime was an online restaurant guide platform through which one could find different restaurants, pubs, and cafes in the Czech Republic. This online platform was founded in 2008, and users could find over 3,000 restaurants in Bohemia and Moravia through this app. Zomato acquired Lunchtime in 2014, though the amount was not disclosed.
The primary reason for this acquisition was to increase Zomato’s presence in more countries, and they were successful in doing so. However, as of September 2023, Lunchtime.cz initiated the liquidation process and is no longer operational.
Obedovat
Obedovat – Zomato Acquired Companies
Obedovat was an online restaurant guide platform for Slovakia, through which users could find numerous eateries across the country. It was founded in 2004. Zomato acquired this platform in 2014 for $3.25 million, helping Zomato expand its services into Slovakia. However, Zomato’s subsidiary, Obedovat, initiated liquidation and is no longer operational.
TongueStun
ToungeStun – Zomato Acquired Companies
TongueStun, an online marketplace was founded in the year 2012 by Manjunath Ramakrishnan, it deals with corporate catering. It specialised in corporate catering and served 1,500 companies with its catering services. Zomato acquired this company in the year 2018. The main reason for the acquisition was to make their presence in the workspace. Zomato acquired the startup for $18 million.
Sparse Labs was a logistic tech startup that was founded in the year 2014 by Pankaj Batra. Spars Labs ensured hyperlocal delivery companies have a smooth journey while delivering to their customers. Zomato acquired it in 2016, but the amount was not disclosed.
The acquisition helped Zomato improve its delivery services. Later on, Sparse Labs’ operations were integrated and it no longer functions as a standalone entity under Zomato.
Cibando
Cibando – Zomato Acquisitions
Cibando was an app that focused on serving iPhone users by allowing them to find restaurants and eatery places in different cities across Italy. It was founded in the year 2010 by Guk Kim. Zomato acquired Cibandoo in 2014 for an undisclosed amount.
The acquisition helped Zomato establish its presence in Italy. However, Cibando’s operations have since been integrated into Zomato’s platform and are no longer active as a separate app.
Gastronauci
Gastronauci – Zomato Acquisitions
Gastronauci was a Poland-based company that provided restaurant finder service. It was founded in the year 2007. Zomato acquired Gastronauci in 2014 and the main reason was to expand their global presence. After the acquisition, Gastronauci’s services were integrated into Zomato’s platform and are no longer available as a separate service.
NexTable
NexTable – Zomato Acquisitions
Founded in the year 2012, NexTable was a cloud-based table management restaurant reservation system. The main function of NexTable was to help customers reserve tables online in restaurants. Zomato acquired the company in the year 2015 and changed its name to Zomato Book. The amount was not disclosed. As of now, the Zomato Book service has been integrated into the company’s broader offerings.
Mekanist
Mekanist – Zomato Acquisitions
Another restaurant finder service Mekanist was a Turkish online platform through which one could find restaurants, cafes, pubs, and all. It was founded in the year 2008 by Ali Servet Eyuboglu, Alper Tekin, and Eren Baydemir. In 2015, Zomato bought Mekanist for an undisclosed amount. Again it was to increase their global presence. The services previously offered by Mekanist have been fully integrated into Zomato’s platform. Mekanist is no longer operating as a separate entity.
Zomato has become a huge name in the food delivery business industry, there is hardly anyone who is not aware of the app. Zomato is continuously trying to acquire more and more companies, some of them that are directly helping them better their services so that they can be undefeatable in this industry.
FAQs
What are the subsidiaries of Zomato?
Zomato’s key subsidiaries include Blinkit, Hyperpure, District, and Zomato itself, all of which operate under its parent company, Eternal Limited.
Who is the founder of Zomato?
Zomato was founded by Deepinder Goyal and Pankaj Chaddah in 2008.
Who is the CEO of Zomato?
Deepinder Goyal is currently serving as the CEO of Zomato.
Is Zomato making a profit?
Yes, Zomato is profitable, posting a profit of INR 351 crore in FY24, compared to a loss of INR 917 crore in FY23.
What is the parent company of Zomato?
The parent company of Zomato is Eternal Limited, which was previously known as Zomato Limited. The company rebranded in January 2025 to reflect its broader scope and growth.
What are the Zomato-owned companies?
Zomato owns several companies, including Blinkit, Hyperpure, Paytm Insider, Feeding India, and more. These acquisitions help Zomato expand its presence across different sectors, such as quick commerce, entertainment ticketing business, and more.
In India, there is hardly anyone who hasn’t heard about LIC. The line ‘Zindagi Ke Saath Bhi, Zindagi Ke Baad Bhi’ is a part of our childhood as well as adulthood. From radio to television, to newspapers, and the internet, it is anywhere and everywhere, and honestly, with its presence on every media platform, it is quite hard to not get noticed.
Life Insurance Corporation owns LIC and comes under the Ministry of Finance. It is India’s biggest life insurance company and has over 70% of the market share.
LIC was founded in the year 1956 and since then has played the role of a constant supporter for most of the people seeking life insurance in India. The importance of life insurance is growing throughout the country.
LIC can grow at a faster rate if the organizational and operational efficiency of LIC can be improved, new kinds of insurance covers are introduced, its services are extended to smaller lesser-known places and the general price level is kept stable. LIC’s assets under management (AUM) have increased by 16.48% year-on-year, reaching INR 51,21,887 crore by the end of March, up from INR 43,97,205 crore at the end of FY23.
Now LIC is not just an insurance company anymore, it has many subsidiaries that serve different sectors. In this article, we will find out about the subsidiaries of LIC. So let’s get started with it.
This subsidiary of LIC was established in the year 1989 and is said to be one of the biggest Housing Finance Companies in the country. They provide long-term financial services to their consumers so that they can purchase or construct their choice of residence. The headquarters is situated in Mumbai and it has over 2103 people working under it as of 2019.
Apart from that, the company also provides finance to the people who want to renovate and repair their residential places. LIC Housing Finance went public in the year 1994 and has over 450 centers across the country. As of 2023, LIC Housing Finance revenue is 200 billion INR.
LIC International
LIC Subsidiary
LIC International
Established
1989
Headquarters
Manama, Bahrain
Revenue
–
LIC Subsidiaries – LIC International
Established in the year 1989 on the 23rd of July in Bahrain, the main objective of this subsidiary of LIC is to provide life insurance to the Indian people living in the GCC countries. As of now, LIC International is operated in four countries, that is Bahrain, Kuwait, Oman, and UAE.
Apart from this, LIC also has a license to sell life insurance to people from any other country in some selected markets. As of 2016, LIC International is said to be a billion-dollar company that ruled the Kingdom of Bahrain for several years. Such is the impact that it has won several awards amongst them, it has won the MEIF 2012 award from the Central Bank of Bahrain.
LIC Cards Services
LIC Subsidiary
LIC Cards Services Limited
Established
2008
Headquarters
New Delhi
Revenue
INR 8.2 trillion (2023)
LIC Subsidiaries – LIC Cards
This subsidiary was established in the year 2008 on the 11th of November. LIC launched its Credit cards in the market. Four different types of credit cards are offered here with some common features and some distinct features that make them unique. It is mainly suited for those who pay a large LIC premium. The cards offer lots of unique features to its users and attract users by providing reward points and cashback.
The headquarters is situated in New Delhi, India, and the total revenue as of the company is INR 8.2 trillion (2023).
The types of LIC cards are:
LIC Gold Credit Cards (for regular users)
LIC Platinum Credit Cards (for shopping and rewards)
LIC Titanium Credit Cards ( for travel and hotel booking)
LIC Signature Credit Card (for premium services)
Fee/Charge
Amount/rate
Finance Charges on Revolving Credit and Cash Advance
3.25% p.m. (46.78% annual)
Free Credit Period
Free Credit Period Up to 50 days
Cash Withdrawal Fee
2.5% of the amount withdrawn (min. Rs. 500)
Cash Payment Fee
Rs. 100
Over Limit Fee
3% of the amount (min. Rs. 500)
Foreign Currency Mark-up Fee
3.5% of the transaction amount
There are certain criteria that the financial institution looks into before accepting your credit card application. Your credit score, age, monthly income, location, etc. are some of the parameters that you should keep in mind before you apply for a credit card. To apply for an LIC credit card, you should be over 18 years old and should either be an LIC agent or an LIC policyholder. The documents required to apply for an LIC credit card are:
Proof of Identity: PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI.
Proof of Address: Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 months old, Ration Card, Property Registration Document, Person of Indian Origin Card, Bank Account Statement.
Proof of Income: Latest one or 2 salary slips (not more than 3 months old), Latest Form 16, Last 3 months’ bank statement.
LIC Mutual Fund
LIC Subsidiary
LIC Mutual Fund
Established
1989
Headquarters
Mumbai
Revenue
INR 59.88 crore (2022)
LIC Subsidiaries – LIC Mutual Fund
LIC Mutual Fund Ltd. started its journey in April 1989; it is a direct subsidiary of LIC and is one of the premium brands that provide financial security services to its customers. It is said to be managed over INR 15002.38 crore worth of assets. It offers a total 25 numbers of schemes. The Headquarters is situated in Mumbai, India and the company’s revenue was INR 59.88 crore (2022). Dinesh Pangtey is the CEO of LIC Mutual Fund Ltd.
LIC Pension Fund
LIC Subsidiary
LIC Pension Fund
Established
2007
Headquarters
Mumbai
Revenue
–
LIC Subsidiaries – LIC Pension Fund
LIC Pension Fund Limited is India’s first pension fund. Established in the year 2007 on November LIC Pension Fund is the Subsidiary of LIC and is considered India’s first pension fund. This fund is to secure the future related to the finances of the people after their retirement. LIC is one of India’s three public sector pension fund managers and has a one-third share in all investments made through Central and State Government NPS. It is also open to the private sector as a fund manager. LIC Pension Fund is the first Pension Fund Company in India to be incorporated and to receive a commencement of business certificate.
These four schemes are provided by the LIC Pension Fund. There is Jeevan Shanti, LIC Jeevan Akshay-VII, Pradhan Mantri Vaya Vandana Yojana, and Saral pension. Its headquarters is situated in Mumbai, India. Smt. Priti Panwar is the current CEO of LIC Pension Fund Ltd.
The government of India introduced the New Pension System (NPS), with effect from 2004. Pension Fund Regulatory And Development Authority (PFRDA) through a process of competitive bidding, has appointed Life Insurance Corporation (LIC), State Bank of India (SBI), UTI Asset Management Company (UTI –AMC), and as The Pension Fund under the NPS. “NPS-Lite Model” is designed to ensure ultra-low administrative and transactional costs, to make such small investments viable.
National Pension System NPS Lite makes pensions possible for small investors. It is an initiative of the Pension Fund Regulatory and Development Authority (PFRDA), the apex body established by the Government of India to regulate and develop the pension sector in India. NPS extends help to the weaker and economically disadvantaged sections of society with their limited investment potential. This is why PFRDA has launched NPS Lite to specifically target marginal investors and promote small savings during their productive lives. It also aims at building up a corpus sufficient enough to buy an annuity for their old age.
IDBI Bank was established in the year 1964 and has been providing banking and financial services since then. Apart from that, they are constantly offering digital services to their customers and have a wide range of ATM networks all across the country. In 2019, RBI has categorized it as a private bank.
As of September 2023, IDBI Bank has over 18,283 employees working for it and the bank has 2005 branches and 3353 ATMs all across the country as on 26th April 2024. Apart from that, it also has one overseas branch in Dubai. Since 2018, Rakesh Sharma has been the CEO of IDBI Bank.
IDBI Bank Ltd., as a full-service universal bank provides a wide amount of financial products and services encompassing deposits, loan payment services, and investment solutions. The Bank also has an established presence in associated financial sector businesses including capital market, investment banking, and mutual fund business. IDBI’s very business philosophy is to provide relevant financial solutions and ensure maximum customer convenience through easy access to branches and ATMs as well as digital offerings and excellence in customer service.
The vision is to be the most preferred and trusted bank enhancing value for all stakeholders defining and shaping our day-to-day business, helping us to build long-lasting relationships. IDBI Bank Limited has been categorized as a ‘Private Sector Bank’ for regulatory purposes by the Reserve Bank Of India with effect from January 21, 2019, consequent upon Life Insurance Corporation Of India acquiring 49.24% of the total paid-up equity share capital of the bank. To cater to its ever-expanding needs, IDBI Bank has formed subsidiaries and joint ventures across diverse areas of the Banking and Financial System.
Some of its subsidiaries are:
IDBI Subsidiaries
IDBI Capital Markets and Securities Limited (ICMS)
Its businesses include Merchant Banking, Stock Broking, Distribution of Financial Products, Corporate Advisory Services, Debt Arranging and undertaking, Portfolio management of pension, and Research Services.
IDBI Intech Limited (IIL)
The major business activities of the company are Information technology services, information security practices, a national contact center, and an outbound sales team.
IDBI Asset Management Limited (IAML)
IAML is the investment manager of schemes launched by IDBI Mutual Fund. The Fund offers a bouquet of product inequity and risk profiles of investors.
IDBI Trusteeship Services Ltd (ITSL)
The company operations are acting as trustees to securitization transactions, acting as Bond/Debenture trustees, Security trusteeship assignments, Share pledge Trustee, Venture Capital Fund, Safe Keeping, and other trusteeship services.
IDBI Federal Life Insurance Company Limited (IDBI Federal)
The Company’s life insurance business comprises individual life and pension and group life, including non-participating, health, and linked segments.
LIC has established itself as a brand in India, with so many subsidiaries; it has been trying to keep up with its name of being one of the biggest companies in India. It is doing everything, from providing mutual fund services to banking services to pensions as well. LIC is taking every chance to serve its customers in the biggest and best way possible and take the company to the top.
FAQ
When was LIC established?
LIC was established in the year 1956.
Is LIC government or private?
LIC is a government organization and the government of India owns a 100% stake in the insurance company.
What is the subsidiary of LIC?
IDBI Bank, LIC Mutual Fund, LIC Pension Fund, LIC Housing Finance, LIC Cards Services, and LIC International are some of the subsidiaries of LIC.
How many types of Cards does LIC provide?
LIC provides 4 types of cards as below:
LIC Gold Credit Cards (for regular users)
LIC Platinum Credit Cards (for shopping and rewards)
LIC Titanium Credit Cards ( for travel and hotel booking)
Within ten years, e-commerce business platforms are booming like anything. All the more, the pandemic seems to have given a push of 10 times more to these e-commerce sites. The given hectic life, and busy schedules, people do not have the leisure to go out and shop. With many reliable e-commerce websites available, people prefer to buy products online.
According to sources, the Indian e-commerce market is expected to grow to $188 billion by 2025 from $6.2 billion (2020). It is also predicted that the market is expected to increase by 21.5% by the end of 2022.
Flipkart, which is India’s one of the biggest players in the e-commerce market, is also considered the most valuable startup in the country today. This Walmart-owned company started its journey by selling books online and further expanded into selling other product varieties such as electronics, fashion, home essentials, and other lifestyle products.
Through its journey of becoming the most successful startup, Flipkart has acquired several companies. Today, Flipkart has a revenue of 433 billion Indian rupees.
In this article, let us discover the list of major companies acquired by Flipkart.
ANS Commerce is a direct-to-consumer (D2C) SaaS startup. The company offers e-commerce solutions for online brands, such as brand-store tech, performance marketing, platform support, marketplace management, and more.
Flipkart has acquired ANS Commerce for an undisclosed amount. However, the agreement is yet to be completed due to some closing conditions.
2. Yaantra
Year of Acquisition – 2022
Yaantra Logo
Yaantra is an electronic repair company that offers door-to-door electronic repair services for smartphones and laptops and sells refurbished products. The acquisition made by Flipkart is to improve its after-sale services in the smartphone segment and to maintain the recommerce platform. Yaantra was acquired by Flipkart for approximately $40-50 million.
3. SastaSundar
Year of Acquisition – 2021
SastaSundar Logo
SastaSundar operates in online pharmacy and healthcare solutions such as e-diagnostics, and e-consultations with a network of more than 490 pharmacies. Flipkart was acquired to further improve the healthcare system by offering affordable pharmacies to consumers on a large scale. The Flipkart group has a 75.1% stake in the SastaSundar company.
4. Cleartrip
Year of Acquisition -2021
Cleartrip Logo
Cleartrip is an online travel service company. The company offers booking services for flights, train tickets, and hotel reservations in India and the Middle East. The Covid-19 pandemic made a very stressful year for the travel sector, due to which, Cleartip had laid off around 500 employees. Flipkart acquired Cleartrip in April 2021 in a $40 million deal.
5. Scapic
Year of Acquisition – 2020
Scapic Logo
Scapic is a cloud-based startup that deals in creating and publishing AR and 3D content through a web browser for clients across e-commerce and marketing platforms. The deal made by Flipkart is to enhance its user experience. Flipkart has a 100% stake in Scapic, however, the deal value is still undisclosed.
6. Mech Mocha
Year of Acquisition – 2020
Mech Mocha Logo
Mech Mocha is a mobile gaming platform that operates a live social game called ‘Hello Play’. This gaming app allows participants from tier II and tier III cities to interact with each other through its in game-video. Flipkart invested in Mech Mocha at an undisclosed amount.
7. Walmart India
Year of Acquisition – 2020
Walmart India Logo
Walmart India is a subsidiary owned by Walmart Inc., which is an American multinational retail corporation that has a wide variety of markets dealing mainly in departmental stores, and grocery stores. The reason for Flipkart to acquire Walmart India is to help expand its footprint in the food and grocery segment, which will further strengthen its supply chain.
8. Upstream Commerce
Year of Acquisition – 2018
Upstream Commerce is an Israel-based retail platform that provides cloud-based automated-competitive solutions to help online retailers develop an analysis to boost their sales. Flipkart acquired Upstream commerce to further optimise its product pricing to compete with its rival Amazon.
9. Liv.ai
Year of Acquisition – 2018
Liv.ai is the first Indian company that uses powerful neural network models that enable developers to convert speech into text supporting 10 Indian languages. They aim to give voice to billions of Indians, and the ability to express their language through the digital world. Flipkart acquired Liv.ai for $40 million.
10. F1 Info Solutions & Services
Year of Acquisition – 2017
F1 Info Solutions & Services Logo
In 2017, Flipkart acquired F1 Info Solutions & Services, an IT products repair service provider of brands like Apple, HP, Samsung, Sony, Lenovo, Asus, and many more. The main reason for the acquisition of F1 is to expand Flipkart’s offerings towards after-sale repair services for its IT products and mobile phones.
eBay is an American multinational e-commerce platform founded in 1995. eBay started its operations in India in 2005 but was not that successful. Flipkart acquired eBay in 2017 for approximately $500 million.
12. Jabong
Year of Acquisition – 2016
Jabong Logo
Jabong.com is an online portal that sells products in categories like fashion accessories, footwear, apparel, home essentials, and other lifestyle products. Flipkart acquired Jabong through Myntra for $70 million.
13. PhonePe
Year of Acquisition – 2016
PhonePe Logo
PhonePe is a digital payment mode for online transactions in India founded by Sameer Nigam. The app operates around the Unified Payments Interface (UPI), regulated by the National Payments Corporation of India. The company was acquired by Flipkart in 2016, although it will function as a separate business unit. Flipkart bought the company for $20 million.
14. FX Mart
Year of Acquisition – 2015
FX Mart Logo
FX Mart is a company that offers payment services like digital or electronic payments, remittances buying and selling of currencies, travel, and related services. The acquisition was made with an aim to enable Flipkart to have its own in-app wallet system and avoid paying a cut to external wallet providers. The deal value was around $6 million.
15. Appiterate
Year of Acquisition – 2015
Appiterate Logo
Appiterate is a mobile marketing company that engages in marketing automation to help e-commerce companies push their sales through push notifications and in-app messages. The details of the deal are undisclosed.
A global mobile ad network founded by Anurag Dod, AdIQuity was launched with the aim to facilitate ad agencies to acquire mobile traffic. Flipkart bought this company in hopes to increase its efficiency on the mobile platform.
17. Myntra
Year of Acquisition – 2014
Myntra Logo
Myntra, initially sold personalised gift items but later on expanded into fashion and lifestyle brands in 2010. In 2014, the company was bought by Flipkart at a valuation of approximately $370 million. The acquisition was done in to beat Flipkart’s rival Amazon to create one of the largest e-commerce markets. To date, Myntra is one of the biggest acquisitions of Flipkart.
18. Jeeves
Year of Acquisition – 2014
Jeeves Logo
Jeeves is one of India’s leading third-party after-sales service providers with a network of 320+ service partners. It was during the same year, Flipkart launched its large appliance category.
19. Letsbuy.com
Year of Acquisition – 2012
Letsbuy Logo
Letsbuy.com is an online retail shop selling branded computer technology and digital lifestyle products from top international and domestic brands. Flipkart acquired Letsbuy.com for $25 million.
20. Chakpak
Year of Acquisition – 2011
Chakpak is an online media podium for films revolving around Bollywood, Telugu, and Tamil that enables users to find information regarding their timings, reviews, latest news, and information. Flipkart made this acquisition to let them offer user-generated content for a huge array of Indian movies to their customers.
21. MIME360
Year of Acquisition – 2011
This was a Mumbai-based digital media distribution company. MIME is the short-form of Manoramic International Media Exchange. The company has ties with Saregama and Gaana.com and operates in Mumbai, and Delaware, USA. To improve their digital distribution technology platform, Flipkart acquired MIME360.
22. weRead
Year of Acquisition – 2010
weRead Logo
The first startup acquired by Flipkart is weRead.com. It is an online community for all book readers. The platform was available on Facebook, Myspace, Orkut, Hi5, and Bebo. Flipkart wanted to expand its customer base to further improve its customer book reading experience.
Conclusion
The list of startups acquired by Flipkart gives us a clear understanding of how ambitious Flipkart is. They aim to keep growing and compete with their rival Amazon. The group is in the mood to diversify its ecosystem through these various investments in multiple sectors.
The company has grown tremendously in just ten years and continues to evolve every day by expanding its services for its consumers. Besides these acquisitions, Flipkart has made investments in Ninjacart, Aditya Birla Fashion Retail Limited, Shadowfax, and Arvind Fashions.
FAQs
What companies are owned by Flipkart?
Ans commerce, Yaantra, Sastasundar, Cleartrip, Scapic, Mech mocha, Walmart India, Upstream commerce, Liv.AI, F1 info solutions & services, eBay India, Jabong, Phonepe, FX Mart, Appiterate, Adiquity, Myntra, Jeeves, Letsbuy.Com, Chakpak, MIME360, and Weread are owned by Flipkart.
Is Flipkart an MNC company?
Yes, Flipkart is an MNC company founded by Sachin Bansal and Binny Bansal.
What kind of company is Flipkart?
Flipkart is an eCommerce company based in Bangalore.
Day by Day, the thriving International Business Machines corporations have taken the spotlight, by acquiring top-notch on-demand startups all over the world. Since the incorporation of IBM, the American Technology MNC has operated in over 177 countries through merging, acquisition, and absorption with other reputable companies.
Besides, IBM accomplished success through acquiring startups across the world and developed the brand name by rendering the best services to the people. Generally, International Business Machines (IBM) is an American-based technology company, which was founded by Charles Ranlett Flint, who merged his computing-tabulating recording company with other four major corporations in 1911, New York.
Initially, the company set the objectives of manufacturing machinery such as slicers, time recorders, punched cards, etc. for sale & lease. Subsequently, 3 years after Thomas J.Watson joined CTR with an ingenious mind in increasing the sale by underscoring customer service and enlarged the production scale, as well as operations overseas. By 1950, IBM became foreign operations by enabling technical services to the people.
For instance, the company came up with the first practical AI- IBM 701, a mass-produced computer with floating-point arithmetic hardware, in 1956. Moreover, IBM acquired many startups from 1912 to now to prosper universally.
In other words, IBM is a multinational corporation that manufactures and sells computer hardware, middleware, and software, as well as hosting and consulting services in a variety of fields, from mainframe computers to nanotechnology.
here is the list of IBM acquisitions made from its incorporation to this time on.
The very first company acquired by IBM was the American Automatic computing scale company. It is considered the world’s first automatic computing scale and was renamed a Computing-tabling-recording company in 1924.
CTR (Computing-Tabulating-Recording) Company
This company was founded in 1911 by Charles R.Flint and was a holding company manufacturer of record-keeping and measuring systems enterprise.
International Time Recording Company of Canada
Willard & Frick Manufacturing Company along with, Bundy manufacturing, and other two companies amalgamated and formed ITR in 1911.
Computing Scale Co. of Canada
Formed in 1901 by Charles R.Flint. Computing Scale Co. became the fourth company to be acquired by IBM. The company was a manufacturer of record-keeping and measuring systems.
Bundy Manufacturing Company
An American manufacturer of timekeeping devices, which was founded in 1889 and became a part of IBM in 1911.
1921
Pierce Accounting Machine Company
IBM acquired Pierce Accounting machine company in 1921, an asset purchase. the company provides business advisory & accountancy services.
Ticketograph Company
This Chicago company became a division of IBM after the acquisition in 1933. The activity of the Ticketograph company was a device that used a coupon system of wage payments to control job labour costs and manufacturing operations.
1923
Dehomag
It is a German-American inventor of the technology of punched cards, which became a subsidiary of IBM and was located in Germany before as well as during WWII as a monopoly company.
Companies Acquired by IBM in 1930 – 1949
1932
National Counting Scale Company
IBM acquired the company on 1st January 1932 for an undisclosed amount. The company is one of the famous makers of counting scales.
1933
Electromatic Typewriters
It is a series of electric typewriters company, which was acquired by IBM starting in the mid-1930, for using their fixed carriage & type ball in IBM Selectric.
1941
Munitions Manufacturing Corporation
It is a profit organization that renders Electromatic Model 04 electric typewriters, which was later acquired by IBM.
Companies Acquired by IBM in 1950 – 1969
1959
Pierce Wire Recorder Corporation
This company was founded in 1920 as Radiotechnic Laboratories, which made wire recorders for the U.S Army in the 1940s. On 15th August 1959, IBM bought the patents and assets of the Pierce Company and later the company changed its name to IBM as its dictation division.
1964
Science Research Associates
It is a Chicago-based publisher company, which was established in 1938, was purchased by IBM in 1964, and later acquired by McGraw-Hill Education in 2000.
Companies Acquired by IBM in 1970 – 1989
1974
CML Satellite Corporation
This company was renamed Satellite Business System, which was formed by IBM, Aetna, and COMSAT on 15th December 1975. CML was established to build terrestrial network facilities and later IBM sold the company to MCI Inc.
1984
ROLM
IBM partnered with a technology company, which was founded in 1969, and later IBM sold half of the assets to Siemens AG in 1989, In the aftermath of 1998, the ROLM corporation Defunct.
1986
RealCom Communications Corporation
IBM acquired RealCom Communication Corp. in 1986. It is a technology services company based in Texas, United States. It provides telecommunications and technology solutions to companies.
Companies Acquired by IBM in 1990 – 1999
1993
CGI Informatique (France)
CGI Informatique, which IBM acquired in 1993, operated autonomously until 1996 when it was gradually integrated by IBM, nation by country until it was completed in 1999.
1994
Transarc Corporation
It was a private Pittsburgh-based software company, which was bought by IBM in 1994 and became a part of IBM Pittsburgh in 1999.
1995
Lotus Development Corporation
It is an American-based software company established in 1982 and acquired by IBM and now became a parent company of HCL India. IBM purchased the company for $3.5 billion.
Information Systems Management Canada (ISM Canada)
It is a Canada-based & subsidiary of Kyndryl, Information technology services company, founded in 1973 and later acquired by IBM in 1995 in producing IBM System/370 Model 168.
K3 Group Ltd
K3 is a company that specializes in business technology. In the supply chain market, the company offers integrated business solutions such as enterprise resource planning software, customer relationship management software, e-commerce, and managed services, which was purchased by IBM in 1995.
1996
Wilkerson Group
Wilkerson Group is a high-impact, real-time consultant and coach who helps organizations and individuals make significant success, which later became a part of IBM in 1996.
Tivoli Systems
This company was launched in 1989, producing Tivoli software, and became a parent organization to IBM.
Data Sciences
IBM bought Thorn EMI Software, Datasolve, and the Corporate Management Services Division of Thorn EMI(Formerly known as Data Science Ltd) for $95 million in 1996.
Object Technology International (OTI)
This company was founded in 1988 and later acquired in 1998, where the VisualAge range of Smalltalk and Java development tools which were developed by OTI in collaboration with the IBM development lab in Cary, NC, and finally resulted in the open-source Eclipse tool platform and integrated development environment (IDE). Additionally, OTI was disclosed in 2003.
Cyclade Consultants
It is a legal plus consultancy management, which was bought by IBM in 1996. The company advises both major industrial enterprises and SMEs.
Professional Data Management, Inc. / LifePRO
LifePro is a leading provider of life, annuity, long-term care, and securities-based insurance to financial professionals across the country, which was again purchased by IBM in 2021.
1997
Software Artistry
IBM obtained Software Artistry for $200 million in 1997 for its best-known software programs. It is an Indianapolis-based software company that provides strategic and automated support solutions.
Unison Software
It is a profit organization, which was established in 1983, as a Procurement, supply chain, and contract management software provider to federal government departments and government contractors.
Dominion Semiconductor (Manassas, VA)
Dominion Semiconductor (Manassas, VA) is formed as a 50/50 joint venture with Toshiba to manufacture 64MB and 256MB DRAM chips.
1998
CommQuest Technologies
CommQuest is an electronic components manufacturer that Integrated wireless communication chipsets, systems, and related software are designed, developed, and marketed to provide the basic functionality of wireless communication subscriber equipment.
DataBeam Corporation, Lexington, KY
The company is a provider of real-time collaboration and distance learning software and developers platforms, which was acquired by Lotus Development Corp, a subsidiary of IBM.
Ubique
It is an Israel-based technology company that provides outsourcing and consulting services to its customers.
1999
Dascom Technologies (USA)
Dascom is a security firm based in Verona, Virginia, the United States founded by Greg Clark. It was acquired by IBM in 1999.
Mylex Corporation
The company is known for manufacturing high-disk performing technology and network founded in 1993. The company manufactured wood television and radio cabinets.
Sequent Computer Systems
It is a computer-based company, which produces multiprocessing computer systems, launched in 1988, and defunct in 1999.
It is a business strategy consultancy company, which was bought on 7th July 2001 by IBM. IBM acquired Mainspring for $80 million.
Informix Corporation
It is a software company, which was a relational database software developer for machines running Unix, Microsoft Windows, and Apple Macintosh operating systems.
2002
CrossWorlds Software
It is a business service provider company, founded in 1996 and renders Corporate integration software from CrossWorlds Software unifying and expanding business operations. Its business integration solution consists of ready-to-use applications.
Meta merge
This company was established in 1999, is a critical enabler for IBM security solutions, and specializes in directory integration technologies, including meta-directory utilities, and was acquired by IBM on 25th June 2002.
Trellisoft
Trellisoft was founded in 1999. This company transforms your business into Artificial Intelligence, which helps to solve all your business challenges. The company provides business intelligence, digital marketing, mobility & enterprise software solutions.
Holosofx
It is a business process reengineering and consultancy service, which was founded in 1990. The company provides business integration software applications.
PricewaterhouseCoopers
It comes under the MNC PricewaterhouseCoopers for business consultancy and other technology services. It is the second-largest professional services network in the world.
Access360
Access360 is a simple and effective solution for any company’s Resource Provisioning Management (RPM).
EADS Matra Datavision
It was founded in 1979, which is an integrated business consultation unit. The company developed design software applications. It was acquired by IBM in 2002.
Tarian Software
The Tarian eRecordsEngine is an embedded electronic recordkeeping technology for business application software developed by Tarian Software.
2003
Rational Software Corporation
This was founded by Paul Levy and Mike Devlin in 1981, to provide tools to promote the adoption of modern software engineering approaches, particularly explicit modular architecture and iterative development.
Think Dynamics
It was established in September 2000, which creates software that integrates genuine Utility Computing into contexts with different e-Business Internet infrastructures.
Information Laboratory
It’s a Laboratory Information System (LIS) that collects, processes saves and maintains data from all phases of medical procedures and tests.
CrossAccess Corporation
IBM purchased this company on 17th October 2003, for data-handling services, and plays as a provider of infrastructure software that allows businesses to access data housed in mainframe databases and make it accessible to new business applications.
Green Pasture Software
This organization looks after Document management software from the company aids in the organization, development, and management of papers, allowing businesses to modify and manage various documents.
2004
Trigo Technologies
Manufacturers, distributors, and retailers use Trigo Technologies’ product information management solutions.
Daksh e-Services
Daksh eServices is an Indian outsourcing firm that provides a variety of web-based customer support solutions and is also the first Indian-based company to be acquired by IBM.
Business Continuity Services unit of Schlumberger
The Business Continuity Services section of Schlumberger, situated in London, is one of Europe’s major workplaces in the business continuity and disaster recovery industry.
Candle Corporation
This company was launched in 1977, as the Developer of mainframe management software for enterprise infrastructure deployment and administration.
Alphablox Corporation
AlphaBlox is the only open Web-based platform for eBusiness analysis applications, allowing businesses to examine their data, which was inaugurated in 1996.
Cyanea Systems
Cyanea Systems was established in 2001, which makes software that analyses and manages web-based business application performance.
Venetica
Venetica is an enterprise information integration company. The company is based in Charlotte, North Carolina.
Systemcorp ALG Ltd
It is a Project Portfolio Management (PPM) software Canada-based company, which was founded in 1991 and acquired by IBM on 19th November 2004.
Liberty Insurance Services
This company provides insurance sector software and business process management solutions and was acquired by IBM for an undisclosed sum.
Maersk Data and DMdata from Maersk
This is a Danish-based company from the head branch of Maersk that provides technology services to the business.
KeyMRO
KeyMRO offers sourcing and procurement services for non-production and indirect purchases of products and services.
2005
Systems Research & Development
This company was founded in 1983 by Jeff Jonas, to develop and market business intelligence and security analytics software for commercial and government organizations.
Corio
George Still and Roger Lee founded Corio in 1998 as an enterprise Application Service Provider (ASP) that distributes and manages corporate applications.
Gluecode Software
The company was founded in 2000, that provides open-source application infrastructure. The company is based in Los Angeles and was acquired by IBM in 2005.
Meiosys
Meiosys is a company that makes computing middleware for large data centers. The company has customers in telecommunications, financial services, manufacturing, energy, and government industries.
PureEdge Solutions, Inc
PureEdge Solutions develops and sells business process management software and services based on electronic forms.
Isogon Corporation
The firm provides a cross-platform inventory, use, and contract management software suite.
DWL
It is an enterprise information integration company that renders translation solutions for your businesses. It was founded in 1996 and is based in Greater Atlanta Area, East Coast, Southern US.
DataPower Technology
The IBM WebSphere DataPower SOA Appliances are a set of pre-built, pre-configured rack-mountable network devices (XML appliances) that can speed XML and Web Services deployments while also extending SOA architecture.
iPhrase Systems
For the banking, technology, manufacturing, healthcare, and retail industries, iPhrase Technologies delivers e-business and e-service solutions.
Network Solutions
It is an Indian-based enterprise, That provides a wide range of company solutions, including website construction, optimization, social media, and online advertising, among others.
Collation
Collation is a resource mapping firm that develops service-oriented network solutions that are automated.
Bowstreet
It is a portal-based tool, and delivers portals, bundled composite applications, and distributed Web-based services with application development tools.
2006
ARGUS
Argus is a communication and system monitoring tool. Its purpose is to keep track of network services, routers, and some other network equipment. Notably, when it finds difficulties, it will send out alerts.
CIMS Lab
It is It-based financial management, that looks into the financial statements of the company, which was purchased by IBM on 20th January 2006.
Viacore
For private trade communities, Viacor provides a suite of inter-business integration services, which was founded by Fadi Chehade in 1999.
Micromuse
It is an American-based company that renders network management software services, founded in 2006 by Christopher Dawes Phill Tee.
BuildForge
BuildForge creates and sells software for building process management. The company was founded in 2001 and is based in Austin, Texas.
Unicorn Solutions
This company is a European-based that offers computer software printing services and other information-related services.
Rembo Technology
Rembo Technology is a privately held software corporation that manufactures tools that ease the process of installing and updating operating systems on servers as well as client machines like desktops and laptops.
Webify Solutions
Webify Solutions specializes in developing and marketing SOA software and services for the healthcare and insurance industries.
Global Value Solutions
The automotive, car components, metallurgical, finance, services, and telecommunications industries are all addressed by Global Value Solutions SA.
DORANA
DORANA is a software asset management tool Ubiquity that enables businesses to make intelligent software investments and decisions based on actual software use behaviour on both networked and centralized platforms.
MRO Software
The company was founded in 1968 by Bob Daniels, was a software firm that is based in Bedford. MRO software was bought by IBM on 3rd August 2006 for $739 million and defunct in 2007.
FileNet
FileNet, founded in 1982, created software to assist businesses in managing their content and business processes.
Internet Security Systems (ISS)
It offers software and services for PCs, servers, networks, and remote locations that include proactive security against attacks before they have an impact on a company’s operations.
Palisades Technology Partners
Palisades Technology Partners, LLC is a software company that specializes in mortgage finance.
2007
Consul Risk Management
Consul Risk Management International is a global provider of security event management solutions.
Vallent Corporation
Vallent Corporation is a company that works in the field of service assurance. Performance, business, and service management are all services provided by the corporation.
Softek Storage
Softek Storage Solutions Corporation is a software firm that specializes in storage management. Transparent data movement is a service provided by the company.
Watchfire Corporation
Watchfire Corporation develops and sells online risk management software and services to ensure that websites are secure and compliant.
WebDialogs
Webdialogs creates online meeting and communication solutions such as phone, video, and Web conferencing, as well as data collaboration and Web. On August 22, 2007, IBM acquired WebDialogs, Inc. for an undisclosed amount.
DataMirror Corporation
The company claims to have over 2100 commercial customers in industries such as healthcare, retail, telecommunications, and financial services and provides real-time data integration, protection, and Java database technologies. Later, in 2007, the company became a wholly-owned subsidiary company of IBM.
Quinnova, Inc
Quinnova Pharmaceuticals is a biotech firm that specializes in the development and marketing of prescription medication products.
Princeton Softech
Princeton Softech is a developer of enterprise data preservation and test data management software as well as commercial data management tools for activities including data assessment, data privacy, data classification, data storage, and archiving.
NovusCG
NovusCG is the provider of software consulting and independent enterprise storage services. IBM acquired the company in 2007.
2008
XIV
In 2002, an Israeli start-up company led by engineer and businessman Moshe Yanai developed the IBM XIV Storage System. In 2005, they delivered their first system to a client.
AptSoft Corporation
AptSoft Corporation provides a design and executive platform for event processing to assist businesses in implementing event-driven applications.
Solid Information Technology
SolidDB offers both an in-memory and a standard disk-based database, both of which have the same SQL interface and a high-availability option.
Cognos
The Ontario-based company that renders business intelligence and performance management software, was founded in 1969 and acquired by IBM on 18th January 2008.
Arsenal Digital Solutions
On-demand data protection services for servers and personal computers are provided by Arsenal Digital Solutions.
Net Integration Technology
Net Integration Technologies Inc. (NITI) is a software company that specializes in providing autonomous Linux-based server operating systems and other technology services.
Encentuate
Encentuate, Inc. was a privately held corporation situated in Redwood City, California, that was founded in Singapore in 2002. Peng T. Ong launched the company in 2001. In 2008, IBM purchased the company.
Telelogic AB
Telelogic AB was a software development company. Telelogic was established in 1983 as Televerket’s research and development department. The headquarters are located in the Swedish municipality of Malmö.
Diligent Technologies
Diligent is a pioneer in the field of enterprise-class disk-based data protection. Dedicated to overcoming the issues of data storage, protection, and management. In the year 2002, the company was established. In April 2008, IBM purchased Diligent.
FilesX
When working with z/OS data sets, Db2, CICS, IMS, or WebSphere MQ data, IBM File Manager provides configurable, user-friendly tools for enhanced file processing. IBM bought the company in 2008.
InfoDyne Corporation
InfoDyne, Ltd. produced system software and large-scale systems for United Nations organisations. In Hong Kong, the company was founded in 1991 by Filipino IT specialists.
Platform Solutions
Platform solutions combine powerful infrastructure options, a sophisticated development platform, and industry-leading services to create cloud-based solutions. IBM announced the acquisition of Platform Solutions Inc. in 2008.
ILOG
ILOG was a multinational software development firm. Pierre Haren and Greg Nuyens launched the firm in 1987. In January of 2009, IBM bought the company. It developed supply chain, business rule management, visualisation, and optimization enterprise software.
Transitive Corporation
Transitive Corporation is a manager in cross-platform virtualization, with technology that is installed on more than 17 million PCs. It was formed by Alasdair Rawsthorne in the year 2000, and its headquarters are in Los Gatos, California.
2009
Outblaze
Outblaze provided services on EMailing. It was a privately held online messaging service and collaboration service. The company is based in Hong Kong. In Jan 2009, IBM announced its intention to acquire Outblaze.
Exeros Assets
Exeros’ technology reveals hidden connections between databases, allowing users to make sense of several data sources more quickly. Its headquarters are in Santa Clara, California, and it specialises in data discovery software.
SPSS Inc
SPSS Inc. was a software company best known for its proprietary programme with the same name. Norman H. Nie created the company in 1968, and it is situated in Chicago, Illinois, United States. In 2009, IBM purchased the company.
Ounce Labs
Ounce Labs is a company that sells security software. The firm developed a software analysis tool that examines source code for security flaws and fixes them. The company was created on October 1, 2002, and is headquartered in Waltham, Massachusetts.
RedPill Solutions
RedPill focuses on creating customer value and customer-centricity. The company provides Customer Management services to the Telecom, Technology, Financial Services, and Retail verticals. The company was founded in 2000.
Guardium
IBM Security Guardium Data Protection facilitates a zero-trust safety method. It finds and categorizes sensitive data from across the organization. The company was established in 2002. In 2009, IBM purchased the company.
Lombardi
Lombardi Software was a business software firm. The company is based in Austin, Texas, and was created in 1998. They developed business process management software. IBM purchased it at the end of 2009.
2010
National Interest Security Company
For the Intelligence Community, NISC is a prominent source of new information technology, information management, management technology consulting services, and security efforts. The company was created in 2007 and is situated in Fairfax, Virginia.
Initiate Systems
Initiate Systems is a software company that helps businesses leverage and share important data assets strategically. Jeff Galowich and Ron Galowich established the company in October of 1994. Its headquarters are in Chicago, Illinois.
Intelliden
Intelliden develops Intelligent Networking software that helps businesses control, manage, and scale their networks. Glen Tindal and Dale Hecht launched the company in 2000. Menlo Park, California, is home to the company’s headquarters.
Wilshire Credit Corporation
Wilshire Credit Corporation’s main operating assets, including the Wilshire mortgage servicing platform, have been acquired by IBM’s mortgage servicing business, which will hire Wilshire’s approximately 900 employees.
Cast Iron Systems
Cast Iron Systems is a cloud-based and SaaS-based software platform that offers integration tools to large and mid-sized businesses. The company was created in 2001 and is headquartered in San Jose, California
Sterling Commerce
Sterling Commerce was an Omni-Channel Commerce software and services company. The company was created in 1975 and is based in Dublin, Ohio, in the United States. Its Parent organizations are IBM, AT&T, and Southwestern Bell Yellow Pages.
Coremetrics
Coremetrics is a company that specializes in digital marketing optimization and online analytics. Brett Hurt created the company in 1999, and it is headquartered in San Mateo, California.
BigFix
BigFix, Inc specializes in networked desktop, mobile, and server computer management. David Hindawi and David Donoho established BigFix in 1997. BigFix is a simple and easy-to-use compliance, endpoint, and security management solution.
Storwize
RAID computer data storage systems with a raw storage capacity of up to 32 PB were virtualized using Storwize systems. Storwize used to be a stand-alone data storage company. The company was founded in 2011 and was eventually shut down on February 12, 2020.
Data cap
Datacap is a computer software and services firm that creates and distributes software and services. It was established in 1988. Datacap compiles documents, extracts significant information, and educates it into downstream company operations.
Unica Corporation
Unica is an HCL software brand that includes numerous Enterprise Marketing Management components and is part of HCL Technologies. It was created in 1992 and is headquartered in Waltham, Massachusetts. Its parent company is HCL Technologies.
OpenPages
OpenPages is a software package for governance, risk management, and compliance (GRC). Scott Killoh and Warren Ondras launched OpenPages in 1990. In October of 2010, IBM officially bought the company.
Netezza
Netezza is a company that creates and sells high-performance data warehousing equipment and advanced analytics solutions. Jit Saxena created Netezza in 1999, and it is based in Marlborough, Massachusetts, in the United States
Blade Network Technologies
Blade Network Technologies manufactures Ethernet network switches for blade servers, server and storage data center racks, and other applications. The company was established in 2006 and is headquartered in Santa Clara, California. In 2010, Blade was acquired by IBM System Networking.
PSS Systems
PSS Systems specializes in enterprise discovery management software for the formal holds and anthologies industries. The company was created in the year 2000 and is based in California. PSS Systems was acquired by IBM in 2010.
Clarity Systems
Financial governance software is provided by Clarity Systems. The business was established in 1995. On October 21, 2010, IBM purchased Clarity Systems, a privately held corporation situated in Toronto, Canada.
2011
Tririga
The TRIRIGA solution delivers a comprehensive workplace management system on a single technology platform. It was a public company and was founded in 2000. Its headquarters is located in Las Vegas, Nevada.
i2 Limited
For military intelligence, law enforcement, and commercial entities, i2 Limited develops visual intelligence and investigative analysis software. The firm was established on April 9, 1990. It was acquired by IBM in 2011.
Algorithmics Inc
Ron Dembo started Algorithmics in Toronto, Ontario, which provides risk management software to financial institutions. Algorithmics was founded by Ron Dembo in 1989 and it’s based in Toronto, Canada.
Q1 Labs
Q1 Labs is a global provider of risk management, security information and event management, user activity monitors, and log management systems that are high-value and cost-effective. Q1 Labs was acquired by IBM on Oct 4, 2011.
Platform Computing
Platform Computing was a software business well known for its Load Sharing Facility task scheduling application. It was created in 1992 in Toronto, Ontario, Canada, and has departments across the United States, Europe, and Asia.
Cluster and Grid Management
Platform Cluster Manager for Power V4.2 makes scale-out and cloud computing infrastructures simple to handle. It was acquired by IBM in 2011.
Cúram Software
Cram Software is a social enterprise management software firm that also provides consulting, certification, and training. Its headquarters are in Dublin, Ireland, where it was formed in 1990.
Emptoris
Emptoris was a software company that specialized in strategic supply and contract management. Patrick D. Quirk is the CEO of Emptoris. The company was founded in 1999 and is headquartered in Burlington, Massachusetts. IBM announced a formal deal to buy Emptoris on December 15, 2011.
DemandTec
DemandTec uses data science to help retailers achieve optimal pricing, promotions, and markdowns, as well as deal management with vendor partners. DemandTec was established in 1999 and is headquartered in San Mateo, California.
Green Hat is a software testing company that operates in the cloud. Rational Integration Tester from Green Hat prevents integration issues by allowing iterative and agile development. On January 4, 2012, IBM announced the completion of its acquisition of Green Hat.
Worklight
Worklight is a software company that develops powerful mobile application platforms and solutions for smartphones and tablets. Worklight was created in 2006, and the company’s headquarters are in New York, New York.
Varicent
Finance, sales, human resources, and IT departments all benefit from Varicent Software’s incentive and sales performance management software. Marc Altshuller, the CEO of Varicent, started it in 2003. Toronto, Canada is home to the company’s headquarters.
Vivisimo
Vivisimo is a company that specialises in the creation of computer search engines. Vivisimo is a software company situated in Pittsburgh, Pennsylvania, United States, that was created on June 21, 2000. In May of 2012, IBM purchased the company.
Tealeaf Technology
Tealeaf was a firm that specialised in web and mobile analytics software. Tealeaf was started in 1999 by Robert Wenig. The corporation is headquartered in San Francisco, California.
Texas Memory Systems
Texas Memory Systems, Inc. was a company that invented and manufactured solid-state discs and digital signal processors in the United States. Holly Frost created TMS in 1978, and Dan Scheeland is based in Houston, Texas.
Butterfly Software Ltd
Butterfly Software creates software that aids in the discovery, analysis, and migration of data center infrastructures. In 2011, Butterfly Software LLP was established.
StoredIQ
StoredIQ was founded to manage the lifecycle of unstructured data information. Jeff Erramouspe, Jeff Bone, Russell Turpin, Rudy Rouhana, Laura Arbilla, and Brett Funderburg founded Deepfile in Austin, Texas in 2001. Its headquarters were in Austin, Texas, in the United States.
2013
Star Analytics
Star Analytics, Inc. is a major developer of financial automation and integration tools for EPM and BI applications. It’s a privately held company founded in 2004. Its headquarters is located in San Mateo, CA.
CSL International
CSL creates cutting-edge biotherapies and influenza vaccinations that save lives and aid people suffering from life-threatening illnesses. In 2013, CSL International was acquired by IBM.
UrbanCode
UrbanCode Deploy is a solution that allows you to automate application deployments across many environments. It’s made to make agile development easier by allowing for quick feedback and continuous delivery. The company was founded in 1996 by Michael Sayko. Its headquarters is located in Cleveland, Ohio, United States.
Softlayer Technologies
SoftLayer Technologies, Inc. was a cloud computing, managed hosting, and dedicated server company. Lance Crosby founded the company in 2005, and it is headquartered in Dallas, Texas, in the United States. In 2013, IBM purchased the company.
Trusteer
Trusteer is a computer security division that develops a suite of security products. Trusteer was founded in 2006 by Mickey Boodaei and Rakesh K. Loonkar. And was acquired by IBM in September 2013 for $1 billion. The company’s headquarters are in Boston, Massachusetts, in the United States.
Daeja Image Systems
Daeja Image Systems Ltd. is a prominent developer of software that enables viewing huge documents and photos easier for business and IT professionals. Daeja is a privately held software firm based in Milton Keynes, United Kingdom. On September 19, 2013, IBM purchased Daeja Image Systems.
The Now Factory
The Now Factory offers data network solutions that improve the client experience for Communication Service Providers. The company is based in Dublin, Dublin, Ireland, and was founded in 2006. IBM acquired The Now Factory in October 2013.
Xtify
Xtify is an IBM subsidiary that provides tools for mobile app publishers to run push and location-based notification campaigns. In 2007, Xtify was established. IBM’s Xtify mobile messaging capabilities, as well as a new SMS digital messaging offering, are included in the Enterprise Marketing Management portfolio.
Fiberlink Communications
Fiberlink Communications Corporation offers mobility as a service, assisting businesses in connecting, controlling, and securing laptops and mobile devices. Its headquarters are in Pennsylvania, United States, and it was created in 1991.
Aspera Inc
IBM Aspera is a software application that enables customers to move crucial files and data sets of any size at high speeds via existing infrastructure and global IP networks. Aspera was created in 2004 and is headquartered in California, United States. In January 2014, IBM purchased Aspera.
2014
Silverpop Systems, Inc
Silverpop Systems, Inc. Is best in digital marketing. The business provides automated email marketing ideas, campaign management, execution, and campaign performance analytics. It’s based in Atlanta, Georgia, United States, and was established in 1999.
Cloudant Inc
Cloudant is a scalable, disseminated cloud database for web, mobile, IoT, and serverless applications built on Apache CouchDB. The company was founded in 2008 and was acquired by IBM in 2014.
Cognea
Cognea creates interactive virtual agents by designing and developing artificial intelligence technology platforms. The company was founded by John Zakos and Liesl Capper in 2013 and it’s based in the Greater New York Area, East Coast, Northeastern US.
CrossIdeas
Identity & Access Governance Solutions from CrossIdeas help you manage people, applications, and entitlements in a unified way. IBM’s leadership in delivering innovation, services, and software for protecting companies will be strengthened with the acquisition of CrossIdeas.
Lighthouse Security Group
Experts in the domains of identity management and access management (IAM), cloud computing, and software make up the Lighthouse Security Group. The year the company was founded was 2007.
2015
Blekko
Blekko was a web search engine whose declared objective was to produce better search results than Google Search. On November 1, 2010, the institution was established.
AlchemyAPI
AlchemyAPI was a machine learning related software business. Deep learning was used in its technology for a variety of purposes. It was created in 2005 and is situated in Denver, Colorado, United States.
Explorys
Using the Explorys Platform, healthcare organisations may collect, link, and combine data from hundreds of different sources across their corporate and clinically integrated networks.
Phytel
Phytel is a leading provider of integrated population health management software, according to numerous observers. It is a population health company based in Dallas. In May 2015, IBM announced that it has completed the acquisition of Phytel.
Compose, Inc
Compose, Inc. runs a managed platform for database deployment, hosting, and scaling that is used by developers. Customers in the United States are served by Compose. In 2009, the company was established.
Bluebox
Blue Box combines the security of a private cloud with the ease of a public cloud, giving our clients a road to a hybrid cloud. This company was purchased by IBM in 2015.
Merge Healthcare Inc
Merge Healthcare Inc. provides patients and physicians with an efficient electronic healthcare experience. The firm was created in 1987 and is situated in Chicago, Illinois, United States. Merge Healthcare Solutions Inc and Cedara Software Ltd are the subsidiaries.
Meteorix LLC
Meteorix LLC specializes in the implementation of financial and human resource services. It’s a company based in Boston. Meteorix was founded in 2011 and employs around 200 people.
StrongLoop Ltd
StrongLoop is the key code contributor that develops StrongLoop Suite, a top Mobile API Tier. StrongLoop is established in San Mateo, California, and employs over 30 Node.js developers.
The weather Company- Digital assets
Weather.com and Weather Underground are owned and operated by The Weather Company, a weather forecasting and information technology company. The Weather Company’s digital assets were purchased by IBM for about $2 billion.
Gravitant, Inc
With roughly 200 workers, Gravitant cloudMatrix is an IT services and consulting firm. It is based in Austin, Texas. The complete IT value chain is addressed by Gravitant software and it was founded in 2004.
Clearleap
IBM Cloud Video is an IBM subsidiary that provides live video streaming services. The company was founded in 2007 by Gyula Feher, Brad Hunstable, and John Ham and its headquarters is located in San Francisco, California, United States.
Cleversafe
Cleversafe Inc. was a developer of object storage software and systems. Chris Gladwin created the company in 2004. Cleversafe was purchased by IBM in 2015 for $1.3 billion dollars.
2016
Iris Analytics
IRIS Analytics specializes in IBM Safer Payments to assist clients in reducing risk, increasing productivity, and increasing profits. IRIS Analytics was acquired by IBM on January 15, 2016, and the company’s headquarters are located in Germany
Ustream
Ustream is a firm that broadcasts live video. Its headquarters are in San Francisco, and it employs about 180 people. In March 2007, the company was founded, and in 2016 it merged with IBM. The company was rebranded IBM Cloud Video in 2018.
Resource Link
Resource Link is a customized Web-based service that gives you access to data for planning, installing, and managing IBM Systems servers and applications.
Aperto
In the DACH region, Aperto is a renowned digital agency. In 2016, the company merged with IBM. The company was founded in 1995 and has its headquarters in Berlin. They work with both domestic and international clients.
Ecx.io
ecx.io works with its clients to identify digital opportunities and help them grow their businesses. The company was formed around 25 years ago. The company merged with IBM in 2016
Truven Health Analytics
Truven was acquired by IBM Corporation on February 18, 2016, and incorporated with IBM’s Watson Health subsidiary. Truven Health Analytics provides a solution that ensures pharmaceutical safety, health, and disease management.
Optevia
Optevia specializes in the public sector Microsoft Dynamics CRM. It’s a UK-based systems integrator that IBM purchased in 2016 in order to address rising software demand.
Resilient Systems
Security teams can use the Resilient Systems, Inc. platform to design and maintain key enterprise software. They create computer software and safeguard businesses from cyber-attacks. In 2010, the company was established.
Blue Wolf Group LLC
Bluewolf is a consulting firm that specializes in developing digital solutions that produce outcomes. Bluewolf, a cloud consulting firm, was acquired by IBM for approximately $200 million. Bluewolf was bought by IBM on May 12, 2016.
EZSource
EZSource is a comprehensive product suite that offers reliable, automated analysis and measurements. Developers can see which programs have changed thanks to EZSource’s visual dashboard. The company was established in 2033.
Sanovi Technologies
Sanovi Technologies Inc is a software development company that creates and builds applications. Cloud migration, disaster recovery, private cloud infrastructure, and enterprise application solutions are all available through the company. The company was started in 2002 and is headquartered in Bengaluru.
Promontory Financial Group
Promontory Financial Group is a firm that provides financial services advice to clients. It is being completed under IBM’s supervision. The company was created in 2001 and is based in Washington, D.C., in the United States.
2017
Agile 3 Solutions
Agile 3 Solutions creates products that help clients renovate their businesses. The company’s headquarters are in San Francisco, California, USA. Raghu Varadan, the company’s founder, started it in January 2009.
Verizon – Cloud services
Verizon Business is a Verizon Communications division that delivers services and products. Verizon Business was founded in January 2006. Verizon split up into three groups in 2019, renaming Verizon Business Solutions as Verizon Business Solutions
XCC
IBM joined with XCC so that it will strengthen the IBM Connections portfolio by providing tools to organizations, and reduce content fragmentation, enabling individuals to work and communicate more effectively across their organization.
Cloudigo
Cloudigo is a company that provides network infrastructure. Cloudigo is a new brand that came out in 2016. Cloudigo is owned by International Business Machines Corporation, a New York-based firm. Information Technology Services is Cloudigo’s industry.
Vivant Digital
In the United States and Canada, Vivint Smart Home, Inc. is a publicly-traded smart home firm. Keith Nellesen and Todd Pedersen launched APX Alarm Security Solutions Inc in 1999. The company’s revenue in 2020 was 1,260.7 million dollars. There are approximately 11,000 people employed there.
2018
Armanta, Inc
Armata Pharmaceuticals is a biotechnology firm that develops drugs to treat drug-resistant bacterial diseases. The company’s headquarters are in Marina del Rey, California.
Oniqua Holdings Pty Ltd
Oniqua was established in 1990 and is headquartered in Denver, Colorado. There are between 50 to 200 individuals employed there. MRO Analytics, Supply Chain Management, Asset Performance Management, Maintenance, Repairs, and Operations are among the services offered by the organization.
2019
Red Hat
Red Hat, Inc. is a software corporation that specializes in providing open-source software to businesses. Raleigh, North Carolina is home to the company headquarters. Bob Young and Marc Ewing launched the company in 1993.
2020
Spanugo
For the enterprise hybrid cloud, Spanugo offers Cybersecurity Posture Assurance. The company began operations in April 2016 and ceased operations in June 2020. Doc Vaidhyanathan, Doss Karan, and Janga R Aliminati are the company’s founders.
WDG
WDG works with your firm to help you get the most out of your money. IBM’s Robotic Process Automation application is cloud-based, clever and intuitive, and simple to use, allowing you to get the most out of your investment
TruQua Enterprises
TruQua Enterprises is a service provider and it’s specialized in SAP Finance, deployment strategies, development libraries, best practices, implementations, development libraries, blueprint designs and solution research. The Headquarters is located in Chicago, Illinois, United States. The company was founded in 2010.
Instana
Instana, a German-American company, is best in creating APM software. This application performance management software is used for handling the software used in microservice architectures and 3D visualization. This company is based in Chicago, Solingen, and San Francisco.
Expertus
The company’s headquarters is in Canada. The company assists in Case Management, Data Management, Fraud Detection, Messaging Services, Payment, Processing, Payments Solutions, Regulation Compliance, Security Service, Software Updates, and Technical Maintenance. On 15 December 2020 IBM announced its acquisition with Nordcloud.
Nordcloud
Nordcloud is a cloud consulting services provider company. Its headquarters are in Helsinki, Finland, and was established in 2011. Over 450 employees are working under this company and its turnover is about $61 million. On 21, December 2020 IBM finally acquired Nordcloud.
2021
7Summits
7Summits is a Salesforce Platinum Consulting Partner in transmitting transformative digital tests. It formed an acquisition with NYSE: IBM on January 11th, 2021 and it focuses especially on Salesforce ecosystem-focused assistance.
TAOS
It is an IT service management company. The services they provide are migration, strategic information technology planning, cloud architecture, security assessments, network and systems engineering, and technical program management. On the 14th of January, 2021, IBM announced that it will acquire Taos.
MyInvenio
MyInvenio is a facet of the IMB company. It allows the unions to use AI-powered automation and helps to simplify business processes by providing a finding in the mining process. On April 15, 2021, IBM announced a conclusive pact to acquire myInvenio.
Turbonomic
It is one of the fastest-growing technology companies. They provide applications that manage IT. Their software fulfils the demand regarding the network, storage, and performance and also protects the automation in context. On June 17, 2021, IBM announced the finale of its acquisition of Turbonomic.
Boxboat
BoxBoat is Cloud Migration engagements, DevOps, and Continuous Delivery. They use modern technologies for enabling organizations in revising the digital data in the cloud. On the 29th of July, 2021, IBM announced its acquisition with Boxboat Technologies.
Bluetab
It is a technical services and business software company. Their departments can be founded in the UK, Mexico, and Spain. The Java EE, Microsoft. NE and other open-source devices are the technologies the company operates with. In 2021, Bluetab Solutions Group joined with IBM.
Conclusion
IBM progressed plenty of coalitions and acquisitions in the last decade. IBM has its tract in 20 countries and 25 different US states. Its substantial exchange was in 2014, peddled IBM’s x86 Server Business for $2.1B to Lenovo Group and the substantial acquisition transpired in 2018, Red Hat for $34.0B. Software and technology are IBM’s most accomplished sectors.
As of 2020, IBM’s annual net income is $5.6 billion and its revenue is $73.6 billion. And as of July 13, 2021, its market capitalization is $125.3 billion. As per the above-mentioned IBM Acquisitions list, IBM made a total of 199 Acquisitions.
FAQ
How many acquisitions has IBM made?
IBM has made nearly 200 acquisitions from 1912 to 2021.
Who is IBM owned by?
The major shareholders of IBM are James Whitehurst, Arvind Krishna, James Kavanaugh, Vanguard Group Inc., BlackRock Inc., and State Street Corp.
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:
Infosys Limited is one of the most well-known Multinational Tech Companies in India, headquartered in Bengaluru, Karnataka. The company is known for services like Business Consultation, IT and Outsourcing.
Infosys was established in 1981 and is now NYSE listed global consulting and IT company with more than 2,49,000 employees all around the world. The company is also considered to be the second-largest IT Company in India after Tata Consultancy Services. Infosys is also ranked 602nd largest company in the world according to the Forbes Global 2000 ranking.
Infosys first started out with a capital of $250 but now has grown into a company that generates over $14.22 billion in revenue in the year 2021, with a market capitalization of approximately $90.25 billion.
The company is over 40 years old and made a lot of development for the IT industry in India over the past years. It has played a role in the country’s emergence as a hub for software services. The company presently has over 123 development centres all over the world but is well known in countries like India, the US, China, Australia, Japan, Middle East and Europe.
Over 60%, 24% and 3% of its revenue was generated from North America, Europe and India in 2019, while the rest 13% comes from other parts of the world. Infosys is the first Indian company to be listed on NASDAQ. It has also created many salaried millionaires over the years.
The company works in domains like finance, insurance and manufacturing and provides services like NIA (Net generation AI platform), Infosys Consulting, Infosys Information platform, EdgeVerve Systems, Panaya Cloud Suite, Engineering services and digital marketing. Another well-known product is Finacle which is a universal banking solution.
Infosys wasestablished in the year 1981 by N R Narayan Murthy and six other engineers in Pune, Maharashtra with a small capital of $250.
Know everything about Infosys Business Empire
By 1987, the company had already opened its first international office in Boston, US. In 1992, the company went public so had to change its name from Infosys Technologies Private LimitedtoInfosys Technologies Limited.Later, the company was renamedInfosys Limited in 2011.
The company received the ISO 9001/TickIT certification and opened a development centre at Fremont in 1994. In the next year, Infosys also opened its first European office in the United Kingdom and will also set up its business practice.
The tech company established the Infosys Foundation and was assessed at CMM level 4 in 1997. It wasn’t until 1999 that Infosys got listed on the NASDAQ. Infosys becomes the 21st company in the world to achieve a CMM level 5 certification and opens offices in countries like Germany, Sweden, Belgium, and Australia.
Infosys has its offices in France and Hong Kong and development centres in Canada and UK in 2000 and has also expanded its offices in UAE, Argentina in 2001. The same year the company goes on to launch Finacle which is a universal banking solution.
In 2002, the company expanded its offices to countries like Netherlands, Singapore and Switzerland. The company finally reached the US $1 billion mark in revenue and then launched Infosys Consulting Inc in 2004.
Infosys crossed the $5 billion revenue mark in 2010 and even gets listed on the NYSE in 2012. According to Forbes, Infosys became the world’s most innovative company. It provided $250 million to help the “Innovate in India” and in order to support startups in India in 2015.
The company finally launched the awaited Infosys Maya. It is a platform that helps drive automation and innovation in companies. It has also launched Skava Commerce, a modular for e-commerce platforms in 2016.
In 2019, Forbes ranks Infosys as No. 3 in the best-regarded companies list and also launches the Infosys Live Enterprise Suite. In 2020, the company targets to attain carbon neutrality and even announces its ESG Vision 2030 where it would measure targets across the environment, social and governance.
Infosys Limited has been ranked number 1 in the 2021 HFS Top 10: Banking and Financial Servicesas per The Best of the Best Service Providers report.
EdgeVerve is one of the most popular Infosys subsidiaries that is known for its products and services. It is an innovative software product and offers an on-premise or cloud-hosted business platform. The company is a global leader when it comes to Automation and AI.
The company works in sectors like banking, digital marketing, interactive commerce, distributive trade, and credit servicing, and even enterprise buying and customer service. The company has a portfolio of AI which includes Infosys Nia, automation with AssistEdge and business applications like TradeEdge and ProcureEdge.
EdgeVerve also helps other companies in developing deeper connections with stakeholders and make innovations. Nowadays global companies from financial services, insurance, retail, life science, manufacturing and telecommunication use the company’s products.
One of its most known services is the Finacle, a universal banking solution that serves over 547 million customers nearly 16.5% of the world’s adult banked population. By providing these services the company is creating possibilities and helping other enterprises grow.
Panaya
Panaya – Infosys Subsidiary
Panaya is an international subsidiary of Infosys which is a software company based in the US. Some of its popular products and services are automated code remediation, collaboration test management and test execution and ALM acceleration.
The company is a leader in providing Automation technology, especially to large-scale enterprises. Panaya is a popular software as a service (SaaS) company and has its presence in the US, EMEA and Asia and also has its subsidiaries in Israel, Germany, Japan and Australia.
Infosys BPM Limited
Infosys BPM – Infosys Subsidiaries
Infosys BPM became a subsidiary in 2002 and is known for business process management. The company mainly operates in countries like India, Poland, Netherlands, South Africa, Brazil, Mexico, the US, Puerto Rico, China, Philippines, Australia and others.
The company focuses on providing end-to-end outsourcing and other benefits at lower costs, productivity improvements and process reengineering. The company also has other subsidiaries under it that are Infosys Portland and Infosys McCamish Systems.
The company is headquartered in Bengaluru, Karnataka and is mainly popular for integrated outsourcing and transformative services. More than 60% of the company’s business comes from the overlapping clients of their parent Infosys.
Infosys BPM has so far opened 33 delivery centres in 14 different countries and 44,443+ employees from more than 110 nationalities. The company has also won over 60 awards and recognition in the past 5 years.
Infosys Consulting Holding AG
Infosys Consulting – Infosys Subsidiaries
This company was initially called Infosys Lodestone. It is a global company known for providing consulting, technology, outsourcing and next-generation services. The company is now a global advisor to leading companies on things like process engineering and also managing tech-enabled transforming programs.
The company offers various customized solutions to the businesses that their clients face and also helps them renew their existing IT landscapes along with bringing in new technology and innovation to their business.
One of their most well-known services is the Infosys Aikido which includes working with clients in order to leverage the knowledge of systems. The company has so far conducted over 150 design thinking workshops and is actively engaged in 50 plus global companies and using Aikido to transform programs.
Infosys consulting holding tries to combine human-centric approaches with advanced technology and help companies to reimagine their future and create lasting business value.
Infosys Public Services Inc.
Infosys Public Services – Infosys Subsidiary
The company is a US-based subsidiary of Infosys known for providing services like business consultation, technology solutions and even advanced digital service.
Infosys Public Services, Inc. helps public sector organizations mostly in the countries like the US and Canada to stay ahead by innovating new things.
Their services allow their customers to renew their companies and come up with new avenues to generate value. The company has over 40 plus years of cross-industry experience and is also adapted for the public sector. The company also provides flexible delivery models for predictable and on-time execution.
Infosys Consulting Limited
Infosys Consulting – Infosys Subsidiary
This is another well-known international Infosys subsidiary that was established in Brazil in 2009. The company is said to have many offices in cities like Sao Paulo, Rio De Janeiro and Nova Lima.
Infosys Consulting helps its clients by providing business solutions, leverage technology, and global infrastructure. Their main vision is to show courtesy to their clients, employees including vendors, and society at large.
The company has so far been respectful and successful in Brazil and is also considered to be one of the fastest-growing subsidiaries of Infosys. With the help of this company, Infosys has managed to expand in the Latin American market which is important as the region has huge potential in the IT and enterprise applications market with a booming economy.
Kallidus
Kallidus – Infosys Subsidiary
Kallidus Inc, a US subsidiary of Infosys, is headquartered in San Francisco, California. The company is known for developing and providing mobile commerce and also helping its clients with digital marketing.
Kallidus is good at developing applications, websites and various other digital shopping experiences for devices like mobile, tablet, desktop, etc. It also helps its clients at all stages of the value chain including design, implementation and managed services for retailers.
Kallidus owns SkavaONE, which is a cloud-based tech platform well known for creating mobile commerce websites, mobile apps, online marketing campaigns and social media experiences for their clients.
This also includes services like Mobile commerce suite, in-store suite, digital commerce suite, and Skava studio. The company offers maximum flexibility in e-commerce integration with API, raw data adaptors in order to create an Omnichannel experience.
Noah Consulting LLC
Noah Consulting – Infosys Subsidiary
Noah Consulting, LLC is a global leader when it comes to management consulting services. The company helps oil and gas companies in managing, creating and deploying the information solutions for the business to generate value from their oil and gas assets. It focuses on providing the best data management, data warehousing, data integration, business intelligence, information quality and even data management solution.
The company has over 15 years of experience in delivering practical solutions to the most complex information challenges the industry faces. Noah Consulting has its headquarters in Houston, Texas with over 50-100 employees. The company has a deep knowledge of the industry, information strategy planning, data governance which is why it is one of the most important subsidiaries to Infosys.
Infosys is now a successful conglomerate known in more than 50 countries and popular among countries like India, the US, China, Australia, Japan, Middle East and Europe. The company has played a main role in the development of the IT Industry of the country and was pioneered by a lot of innovations.
The company is now a global leader when it comes to consulting, technology, outsourcing and next-generation services. They help their clients to always stay ahead in the industry by helping them attain the business trends by providing various solutions.
FAQs
What are the main services of Infosys?
The company is known for services like Business Consultation, IT and Outsourcing Services.
Where is the headquarters of Infosys?
The headquarters of Infosys is in Bengaluru, Karnataka.
Wipro Limited is an Indian multinational corporation that is headquartered in Bengaluru, Karnataka. It is known for Wipro products and services list which includes IT services, BPO services, IT consulting, testing, research and development in the software and hardware areas of companies around the world.
Wipro Group is a global leader when it comes to cognitive computing, robotics, hyper-automation, cloud, analytics and emerging technologies. The Wipro group of companies list is recognized globally for its portfolio of services, sustainability and corporate citizenship. The chairman of the company is Azim Premji who is the second wealthiest person in India and the person credited for the success of Wipro.
The Wipro subsidiary companies are well one of the top IT service providing companies different types of Wipro products such as enterprise application services like ERP, SCM, CRM to services like E-procurement, E-Business solutions. The Wipro subsidiaries are divided into four different parts which are Wipro Limited, Wipro Consumer Care and Lighting, Wipro Infrastructure Engineering And Wipro GE Medical Systems Limited.
The Wipro group companies offer services and products of Wipro to various industries like Finance, Telecom, Media, Utilities, Energy and Entertainment. Not only that, but Wipro company is also one of the largest R&D services in the world. The company has over 180,000 employees from various countries across six continents. Wipro also offers Consulting services and helps companies in Business Process Outsourcing which help in HR, Procurement, Finance and Accounting.
The Wipro sub-companies also provide technology infrastructure services in terms of revenue, people and to over 200 customers in the US, Japan and Europe and 650 customers in India. The total revenue of Wipro as of 2021 is over $10 billion while its net income for 2021 is $1.4 billion. Wipro Industries is known to be the largest public-traded company in India and the seventh-largest IT Services Company in the world.
Wipro originally known as the Western India Palm Refined Oil Limited (abbreviated to Wipro) started in December 1945 by its founder Mohamed Premji. The initial products of Wipro were different types of oil, as it started out as a manufacturer of vegetable and other refined oil known as Kisan, sunflower and camel in Maharashtra.
In 1966, Azim Premji took over as the company’s chairman after his father’s death. The name of the company was changed from Western Indian products limited to Wipro products in 1977. That name was further replaced by Wipro limited in 1982, this was because in the same ear the company also entered the IT industry.
Azim Premji is responsible for transforming Wipro into a Wipro Fluid company and also introducing Wipro Fluid Power that manufactures hydraulic and pneumatic cylinders. In 1979 Wipro became India’s first computer manufacturer as the company developed and sold its computers in 1981. With its success, the company forayed into the field of software development and is credited for introducing software packages for hardware customers.
Facts on Wipro
In the 1990s, the company got started its range of baby toiletries like Wipro baby soft and also the Santoor talcum powder which became a staple in Indian homes which was among the first Wipro subsidiaries. Wipro Infotech and Wipro system got merged with Wipro in 1995 and they became Wipro subsidiary companies. The company expanded internationally in the 1990s and even got listed on New York Stock Exchange in 2000. It was in 2002 that Wipro became the first Indian software tech and services company to get the ISO 14001 certified.
The Wipro subsidiaries list kept growing as it ventured into manufacturing fluorescent lamps making the Wipro Consumer Care and Light Group enter the market. Wipro joined the billion-dollar club in 2004 and also partnered with Intel on a project called i-Shiksha. It wasn’t until 2012 that the company decided todemerge its consumer care, lighting, furniture, infrastructure engineering into a separate company known as the Wipro Enterprise Limited. The company further made many clever and strategic acquisitions and signed contracts with many international firms.
Wipro has so far made over 19 acquisitions and 8 investments. All the Wipro acquisitions so far are estimated to beover $2.49 billion. The company has invested in many industries like SaaS, Search AF test, standard, manufacturing tech. Some of the top companies in the Wipro acquisitions list are Infocrossing acquired for $600 million in August 2007. One of the other top Wipro acquisitions was Appirio acquired for $500 million in October 2016 and HealthPlan Services acquired for $460 million in February 2016.
Some of the other recent Wipro acquired companies are Rational Interactions a settle based digital customer experiences consultancy which the company acquired in February 2020. Wipro recent acquisition was in October 2020, when Wipro acquired Encore Theme Technologies, that same month it also acquired Eximius Design for $80 million. The last Wipro acquisition was in March 2021 was Capco a British consultancy firm.
Topcoder became one of the Wipro subsidiaries when the company was acquired by Wipro in 2016 along with Appirio which were a part of their $500 million deal. Topcoder is a crowdsourcing company that has a huge global community of data scientists, developers, programmers and designers. How Topcoder works is that it pays the members of its community for offering its services to corporate, mid-size or even small business clients.
The company is also known for its yearly Topcoder Open tournament and other small regional events. This subsidiary of Wiprowas founded by Jack Hughes in the year of 2001, the company first started with Competitive programming challenges which helped generate interest among the student community. The company became one of the Wipro sister companies when it started offering various software development services and similar products of Wipro to 3rd party clients.
In order to generate more income, the company started new competition tracks that gave more work to its employees. After being acquired by Wipro the company has continued to offer its clients many hybrid crowd platforms and help create certified and private crowdsourcing communities. Wipro then integrated its employee’s only crowdsourcing platform TopGear with Topcoder.
The various services offered by the Topcoder design community are Information Architecture which helps the clients with wireframing and generating ideas. It also helps with the UI/U/CX design which involves the creation of apps and web designs and coming up with design concepts, ideas and presentation design all of which are said to be top Wipro company products. The software development challenges that topcoder offers are bug bash, code, first to finish, etc.
Appirio
Wipro Subsidiary- Appirio logo
Appirio is one of the best Wipro acquisitions, as it was acquired in 2016 as a part of their $500 million deal along with Topcoder. The company was founded by Chris Barbin, Narinder Singh, Glenn Weinstein and Mike O Brien. Appirio is currently one of the topWipro sub-companies as offers information technology consulting services and has its headquarters based in Indianapolis in the USA. It company is known for its tech and professional services that its offers only to the clients that want to adopt public cloud applications.
They also offer SaaS services like Salesforce and Google apps which are the top products of Wipro. The main competitors of Appirio’s are Accenture and Deloitte. The company was founded by Salesforce and angel investors ($1.1 million), Sequoia Capital ($5.6 million), Sequoia Capital and GGV capital ($10 million) and General Atlantic ($60 million).
The company is a leader among Wipro group of companies and was awarded many titles such as On-Demand Company Of The Year by AlwaysOn, Best Place To Work In Bay Area by San Francisco Business Times in 2010. This is one of the few Wipro listed companies that have many other satellite offices in cities like Tokyo, London, Dublin, Sydney, Espoo, Stockholm, Porto, Pune, Bangalore, Noida, Hyderabad and Jaipur. The company is known to utilize public cloud solutions as it is a serverless company.
Opus Capital Markets Consultants
Wipro Subsidiary- Opus Capital logo
Opus is one of the top companies in the financial services industry which is why it became one of the top Wipro subsidiary companies. The headquarters are based in Lincolnshire in Illinois, the US and have over 500 employees. The company was founded in 2005 that became a wholly-owned subsidiary of Wipro in 2013. Opus offers various services like Residential mortgage, commercial mortgage, Compliances services, servicing reviews and advisory services which extends the Wipro company products list.
The company is among the few Wipro subsidiaries that specialize in risk management providers for mortgage and consumer lenders, services and investors. The company is focused on delivering a wide range of services like due diligence, quality control, servicing oversight and operational assessment.
Yardley of London is a British personal care brand that was acquired by Wipro in 2009 and is one of the unique Wipro subsidiaries. The company is known to be one of the oldest and specializes in cosmetics, fragrances and toiletry products. Yardley is also one of the biggest manufacturers of soap and perfumes, which increases the Wipro FMCG products. Yardley is known to have received two Royal Warrants.
The company was originally established by the cleaver family in 1770. The name of the company was changed to Yardley and Statham in 1823 after William Statham brought the firm. Yardley has made many soaps that are to this date popular. Because of the growing popularity of Yardley soaps and cosmetics in the 20th century, the company opened a shop in London in 1910.
In 1991, the company also introduced men’s grooming products. In 2005, the Jatanias which is Britain richest Indian family brought Yardley for 60 million euros 2005. It wasn’t until 2009 that Wipro consumer care brought Yardley for $45 million the brand ambassador for Yardley in India is Bollywood actress Katrina Kaif. Yardley is among the most popular Wipro company products.
Wipro GE Medical Systems
Wipro Subsidiary- GE Healthcare logo
Wipro GE Medical Systems is a joint venture between GE Healthcare South Asia and Wipro in 1990 and is currently one of the top Wipro companies in India. The company is known for its research and development of healthcare products. The company increases the Wipro products list in India, as it manufactures a vast variety of gadgets and equipment for diagnostics, healthcare ITand services to help healthcare professionals that are used for combat cancer, heart disease and other ailments.
Wipro GE Medical Systems is among the only company in Wipro companies list that strictly follows six sigma quality standards in all products. The company is an expert in medical imaging and information technologies, medical diagnosis, patent monitoring systems, drug discovery, and biopharmaceutical manufacturing tech, performance improvement and solution services, which are among the well known Wipro company products list. They offer all these services at a lower cost.
The company is among the most respected Wipro group companies as it is present in Asia Pacific, China, Africa, Europe, India, Latin America, America and Canada. The specializes in making products for Vascular, Orthopedics, Spine, Urology, Cardiac, General Surgery, Pain Management, Outpatient Interventional.
Wipro Consumer Care and Lighting
Products of Wipro Consumer Care and Lighting
Wipro Consumer Care and lightning are one of the biggest and fastest FMCG companies in countries like India, Asia and Africa. It is one of the most successful companies owned by Wipro as its annual sales revenue is now up to Rs. 77.4 Crore in the year 2019 to 2020. The company is currently present in 20 different countries like India, Asia, Africa and the Middle East. Wipro consumer care and lightning have over 16 manufacturing units in India, Malaysia, Indonesia, the Philippines, Vietnam, China and South Africa.
The company also has Research and Innovation Centers in India, Malaysia, China, the Philippines and South Africa. They are based in 22 countries, marketed in 60 plus countries with over 10,000 plus employees. The Wipro company products list such as like personal wash products, skincare products, male grooming products, toiletries, household products, furniture, commercial lighting, etc is well known in the country.
Wipro Consumer Care and lightning are among the top Wipro group of companies as has made several acquisitions like Unza, Yardley, LD Waxsons in order to get a global footprint. The key brands of Wipro consumer care and lighting are Santoor, Chandrika, Maxkleen, Giffy, Enchanteur, Safi, Aiken, Romano, Carrie, Garnet, Splash which come from different parts of the world.
This company is one of the Wipro companies in India and is known for developing, marketing and manufacturing hydraulic cylinders that are used for cargo handling, mining, freight and waste processing. The company also makes various products such as filters, pumps, valves, rear hinges and different components of hydraulic cylinders.
It is known to deliver over a million cylinders to original equipment manufacturers (OEMs)across the world. The company specializes in top Wipro products and services such as hydraulic cylinders for Construct and Earthmoving, Material and Cargo handling, Forestry, Farm and agriculture and mining. The company’s business has stepped up and launched specific solutions to fight Covid 19.
Conclusion
Wipro is an Indian conglomerate that has a global footprint for its services and products like IT services, BPO services, IT consulting, testing, research and development services. One of the main reasons for the company’s success is the strategic and clever subsidiaries it has acquired. Wipro group companies were and will continue to be a leader in the consumer market space and will increase the Wipro clients list. Because of the Wipro subsidiaries and Wipro acquisitions, the company has an extensive Wipro products list in India.
The Government of India owns the Life Insurance Corporations of India (LIC), which is an insurance and investment business. The Life Insurance Corporation of India (LIC) was established on September 1, 1956, when the Parliament passed the Life Insurance of India Act, which nationalised the Indian insurance business. The state-owned LIC was formed by the merger of over 245 insurance companies and provident organisations. It both encourages and results in the institutionalisation or mobilisation of savings.
Since then in the field of life insurance, the LIC has near-monopoly, as the amount of life insurance business through postal insurance and state insurance is relatively much smaller. Life insurance is a very important form of long term contractual savings. The total volume of the insurance business has been growing in the country with the spread of knowledge and consciousness about insurance in the country.
However LIC can grow at a faster rate if the organizational and operational efficiency of LIC can be improved, new kinds of insurance covers are introduced, its services are extended to smaller lesser-known places and the general price level is kept stable. As of 2019, the Life Insurance Corporation of India had a total life fund of ₹28.3 trillion. The total value of sold policies in the year 2018-19 is ₹21.4 million. Life Insurance Corporation of India settled 26 million claims in 2018–19. It has 290 million policyholders.
LIC invests in various sectors such as cement, banks, chemicals and fertilizers, transmission and electricity, engineering, construction and infrastructure, electrical and electronics, healthcare, hotels, finance and investments, information technology, metals and mining, motor vehicles, oil and natural resources, retail, textiles, transportation and logistics.
Among those companies, LIC’s holding I term of value in 2012 was established to be the highest in ITC (₹27,326 crores), followed by RIL (₹21,659 crores), ONGC (₹17,764 crores), SBI (₹17,058 crores), L&T (₹16,800 crores), and ICICI Bank (₹10,006 crores). The share price drop in ITC on 18 July 2017 had caused LIC a major loss of around 7000 crores during the financial year.
Where LIC also holds a 51% stake in IDBI Bank, making it the only insurer in India to own a bank, since regulations prohibit insurers from holding more than 15% stake in any company.
LIC subsidiaries
LIC Pension Fund Limited
LIC Pension Fund Limited is India’s first pension fund. It was set up by Life Insurance Corporation (LIC) in November 2007. LIC is one of India three public sector pension fund managers and has a one-third share in all investments made through Central and State Government NPS. It is also open to the private sector as a fund manager. LIC Pension Fund is the first Pension Fund Company in India to be incorporated and to receive commencement of business certificate.
The government of India introduced the New Pension System (NPS), with effect from 2004. Pension Fund Regulatory And Development Authority (PFRDA) through a process of competitive bidding, has appointed Life Insurance Corporation (LIC), State bank of India (SBI), UTI Asset management company (UTI –AMC) and as The Pension Fund under the NPS. “NPS-Lite Model” is designed to ensure ultra-low administrative and transactional costs, so as to make such small investments viable.
National Pension System NPS Lite makes pensions possible for small investors. It is an initiative of the Pension Fund Regulatory and Development Authority (PFRDA), the apex body established by the Government of India to regulate and develop the pension sector in India. NPS extends help to the weaker and economically disadvantaged sections of the society with their limited investment potential. This is why PFRDA has launched NPS Lite to specifically target the marginal investors and promote small savings during their productive life. It also aims at building up a corpus sufficient enough to buy an annuity for their old age.
LIC Cards services limited came into existence in 2008 as a 100% subsidiary of LIC to bring out its own credit cards in the market. LIC offers four types of credit cards and each of these cards come with some common features and some distinct features that make them unique. LIC credit cards are best suited for you if you regularly pay a large LIC premium. LIC cards are uncapped, while other cards have a cap cashback and reward points that can be earned on premium payments.
The types of LIC Cards
The types of LIC cards are:
LIC Gold Credit Cards (for regular users)
LIC Platinum Credit Cards (for shopping and rewards)
LIC Titanium Credit Cards ( for travel and hotel booking)
LIC Signature Credit Card (for premium services)
Fee/Charge
Amount/rate
Finance Charges on Revolving Credit and Cash Advance
3.25% p.m. (46.78% annual)
Free Credit Period
Free Credit Period Up to 50 days
Cash Withdrawal Fee
2.5% of the amount withdrawn (min. Rs. 500)
Cash Payment Fee
Rs. 100
Over Limit Fee
3% of the amount (min. Rs. 500)
Foreign Currency Mark-up Fee
3.5% of the transaction amount
There are certain criteria that the financial institution looks into before accepting your credit card application. Your credit score, age, monthly income, location etc. are some of the parameters that you should keep in mind before you apply for a credit card. To apply for a LIC credit card, you should be above 18 years and should either be a LIC agent or a LIC policyholder. The document required to apply for a LIC credit card are:
Proof of Identity – PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI.
Proof of Address – Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 month’s old, Ration Card, Property Registration Document, Person of Indian Origin Card, Bank Account Statement.
Proof of Income – Latest one or 2 salary slips (not more than 3 months old), Latest Form 16, Last 3 months’ bank statement.
IDBI Bank Ltd., as a full-service universal bank provides a wide gamut of financial products and services encompassing deposits, loans payment services and investment solutions. Understanding today’s fast-paced and digital world they offer an innovative range of digital services that complement the pan India network of branches and ATMs. The bank also has 24×7 customer care facilities to help its customers reach out. IDBI Bank Ltd is operating as a full-service universal bank that serves customers from all segments.
As a universal bank, IDBI Bank Ltd. touches the lives of millions of Indians through a wide variety of banking products and services. The Bank also has an established presence in associated financial sector businesses including capital market, investment banking and mutual fund business. IDBI’s very business philosophy is to provide relevant financial solutions, ensure maximum customer convenience through easy access to branches and ATMs as well as digital offerings and excellence in customer service.
IDBI Subsidiaries
The vision is to be the most preferred and trusted bank enhancing value for all stakeholders defining and shaping our day-to-day business, helping us to build long-lasting relationships. IDBI Bank Limited has been categorized as a ‘Private Sector Bank’ for regulatory purposes by the Reserve Bank Of India with effect from January 21, 2019, consequent upon Life Insurance Corporation Of India acquiring 51% of the total paid-up equity share capital of the bank. To cater to its ever-expanding needs, IDBI Bank has formed subsidiaries and joint ventures across diverse areas of the Banking and Financial System.
Some of its subsidiaries are:
IDBI Capital Markets and Securities Limited (ICMS)
Its businesses include Merchant Banking, Stock Broking, Distribution of Financial Products, Corporate Advisory Services, Debt Arranging and undertaking, Portfolio management of pension and Research Services.
IDBI Intech Limited (IIL)
The major business activities of the company are Information technology services, information security practices, national contact centre and outbound sales team.
IDBI Asset Management Limited (IAML)
IAML is the investment manager of schemes launched by IDBI Mutual Fund. The Fund offers a bouquet of products inequity and risk profiles of investors.
IDBI Trusteeship Services Ltd (ITSL)
The company operations are acting as trustees to securitization transactions, acting as Bond/Debenture trustee, Security trusteeship assignments, Share pledge Trustee, Venture Capital Fund, Safe Keeping and other trusteeship services.
IDBI Federal Life Insurance Company Limited (IDBI Federal)
The Company’s life insurance business comprises individual life and pension and group life, including non-participating, health and linked segments.
FAQ
In which sectors LIC invest?
LIC invests in various different sectors such as cement, banks, chemicals and fertilizers, transmission and electricity, engineering, construction and infrastructure, electrical and electronics, healthcare, hotels, finance and investments, information technology, metals and mining, motor vehicles, oil and natural resources, retail, textiles, transportation and logistics.
What is LIC Pension fund limited?
LIC Pension Fund Limited is India’s first pension fund. It was set up by Life Insurance Corporation (LIC) in November 2007. LIC is one of India three public sector pension fund managers and has a one-third share in all investments made through Central and State Government NPS. It is also open to the private sector as a fund manager. LIC Pension Fund is the first Pension Fund Company in India to be incorporated and to receive commencement of business certificate.
How many types of Cards does LIC provide?
LIC Gold Credit Cards (for regular users) LIC Platinum Credit Cards (for shopping and rewards) LIC Titanium Credit Cards ( for travel and hotel booking) LIC Signature Credit Card (for premium services)
Imagine finding a marketplace, where you can get almost anything and everything. Well, you don’t have to imagine anymore, because a place like that already exists in reality itself. From groceries to furniture, almost everything you need can be found under a single roof, thanks to the world’s biggest retail corporation, Walmart.
This American multinational corporation was founded in the year 1962 by Sam Walton and has been serving its customer since then. It also comes under the list of the top 5 largest corporations in the world by sales. Approximately 40% of products in Walmart are produced by contractors and manufacturers for the retail store itself, basically, it is private-labeled.
Walmart has been with its customer as a trusted partner since its beginning and currently has more than 11,000 stores in 27 countries that run under different names. The headquarters is situated in Bentonville, United States, this store sells over 75 million products and largest private company to employ over 2.2 million people.
This retail giant has captured almost all the largest marketplace and has subsidiaries, almost all over the world. This retail giant mostly concentrates on selling quality products at a reasonable price, thus giving cut-throat competition to its competitors.
“There is only one boss, The customer. And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else.”
–Sam Walton
In this article, we will talk about all the popular subsidiaries that are owned by Walmart. So let’s dive into it.
The child of Walmart itself, Sam’s Club was founded in 1983 by Walmart’s founder, Sam Walton. This member’s only retail warehouse was started to give access to different products and services to those who want to make their small businesses successful.
This warehouse club offers its members good products at a reasonable value. The headquarters is in Bentonville, United States. Over 600 warehouse clubs over the United States and Puerto Rico, give the members an option to buy products in a huge quantity. The current CEO of the club is Kathryn McLay.
The club has been able to win customers by offering some features like free shipping to its plus members. The revenue of Sam’s Club is $64 billion in 2021.
Seiyu Group
Seiyu Group
This is a Japanese retails store group consists of supermarkets, department stores, and shopping centers. It was formed in the year 1963 by Seibu Department Stores. It is home to a great collection of fresh food, general merchandise, and clothes and offers them to its customers.
In the year 2002, Walmart bought about 37% of Seiyu. While in 2003, a deal was signed between Seiyu and Walmart that states it will teach global supply chain practices to the former. Walmart became the owner of Seiyu in 2008 after obtaining the majority stake of the company. With its headquarters situated in Tokyo, Japan, the company is headed by Lionel Desclee.
Founded in the year 2014 by Marc Lore, Mike Hanrahan, and Nate Faust, this is an E-commerce retail store, where one can get anything from groceries to beauty products. The headquarters was situated in New Jersey, United States.
In the month of August of 2016, Walmart acquired Jet.com with $3 billion in cash and $3 million in Walmart stocks. It is considered the biggest purchase of an e-commerce site in the history of this industry. Unfortunately, Walmart closed Jet.com in the year 2020.
Eloquii
This online plus-size clothing store designed trending clothes and accessories for plus-size people. Eloquii Design with its headquarters situated in New York, United States was founded in the year 2012 by Jodi Arnold, John Auerbach, Julie Carnevale, and Steve Zawada.
Walmart acquired Eloquii in the year 2018 by paying $100 million in cash. Currently, the CEO of this online clothing store that is the destination of fashion for plus-size people is Mariah Chase.
Flipkart
India’s one of the largest online retail stores was founded in the year 2007 by Binny Bansal and Sachin Bansal. It is situated in Bangalore, India; it is undoubtedly currently one of the biggest online marketplaces that offers 30 million products to its customer in 70 plus categories.
Walmart in 2018 grabbed the opportunity and acquired Flipkart for $16 billion. From 100 orders per day to 10,000 orders per day, it has come a long way, Walmart decision to acquire it is surely one of the greatest deals. The CEO of Flipkart is Kalyan Krishnamurthy and its revenue as of 2020 is Rs 34,610 crore.
The biggest Mexican food and beverage store was founded in the year 1958 as Aurrera. In 2001, Walmart bought Bodega Aurrera, currently, its headquarters is situated in Mexico City, Mexico.
This subsidiary of Walmart is the leading grocery store and has over 2044 plus stores all over the region. As of now, the CEO of Bodega Aurrera is Raul Quintana.
Moosejaw
Moosejaw
This retail store mostly offers outdoor clothing like sweatshirts, hats, short shoes, and objects required for camping and traveling. Founded in the year 1992 by Robert Wolfe and David Jaffe, this online e-commerce site was acquired by Walmart in the year 2017 for $51 million. From snowboarding to rock climbing, to hiking, every item needed for this adventure can be found in Moosejaw.
With acquiring so many subsidiaries since its founding in 1962, it has become one of the biggest companies in the world and took the spot of Number 1 by revenue. Apart from offline retail stores, it is acquiring the biggest e-commerce stores of different countries to spread its business. Walmart is in the mood of world domination and at this point, it is not going to stop at any moment.
FAQ
Who owns Walmart?
Walmart is owned and controlled by the Walton family.
What is the revenue of Walmart?
The revenue of Walmart is 55,920 crores USD as of 2021.
Nitin Konde
