Under the IndiaAI Mission, the Centre has chosen eight new organisations to create indigenous fundamental large language models (LLMs). At today’s AI Impact Summit 2026 kickoff event, IT minister Ashwini Vaishnaw announced the eight companies that have been chosen: Tech Mahindra, Fractal Analytics, Avataar AI, Zeinteiq Aitech Innovations, Genloop Intelligence, NeuroDX (Intellihealth), Shodh AI, and IIT Bombay’s BharatGen consortium.
With INR 988.6 Cr in funding from the Mission, IIT Bombay is reportedly developing a trillion-parameter model. Sarvam AI, Gnani.ai, and Gan AI were the three startups chosen in the initial phase of the IndiaAI Mission to develop AI models.
The first batch of models is “progressing well”, according to the IT minister, who also voiced optimism that India will have operational LLMs by the time of the AI Impact Summit in February of the next year. In the next ten days, the government also intends to publish an AI framework to direct the creation and application of models.
“India finally wants to play in the big leagues of AI. The government is throwing its weight behind IIT Bombay, Fractal, Tech Mahindra, and a few others to build indigenous LLMs. On paper, it’s bold. In practice, it’s an uphill climb. Now, with AI, we don’t have the luxury of missing the bus. AI isn’t just another industry. It’s the foundation of every future industry: health, defense, finance, education, governance. If India is only an “AI service center,” we’ll be permanently dependent, permanently behind,” opined Kapil Gupta, Founder, Solh Wellness.
IndiaAI Mission Also Scaling Computing Infrastructure
The IndiaAI Mission has been expanding its computing infrastructure in tandem with model development. Abhishek Singh, CEO of the IndiaAI Mission, recently stated that in order to promote research and innovation, the government is attempting to install 38,000 GPUs at reasonable prices throughout the nation.
Additionally, 600 data laboratories will be established nationwide as part of the initiative. With the assistance of cloud and data service providers like Yotta Data Services and NxtGen Cloud Technologies, India had already deployed over 17,300 GPUs as of June 2025.
IndiaAI Mission Also Offering Cost Effective Options
Nearly 3,850 additional GPUs, including NVIDIA H100 units and Google’s sixth-generation Trillium TPUs, have now been added through a third round of tenders. Additionally, the government has been lowering prices; compute power is now available for as little as INR 65 per hour.
The IndiaAI Mission, which was approved by the Union Cabinet in March 2024 and would cost INR 10,372 Cr over five years, aims to strengthen the nation’s AI ecosystem by providing universities, research institutes, and businesses with access to state-of-the-art computing capacity.
AI Governance Framework by 28 September
Additionally, according to Vaishnaw, by September 28, the Ministry of Electronics and IT (MeitY) will publish an AI governance framework that would describe checks and balances and safety restrictions to protect civilians from AI harm. He stated that the Ministry was collaborating with the Ministry of External Affairs to determine the list of invitees for the AI Impact Summit, including whether to invite nations like China that did not attend previous summits in the UK, South Korea, and France.
The Promotion and Regulation of Online Gaming Act, which outlaws all online money games, will go into effect on October 1st, the Minister further stated.
Quick
Shots
•Tech Mahindra, Fractal Analytics,
Avataar AI, Zeinteiq Aitech, Genloop, NeuroDX, Shodh AI, and IIT Bombay’s
BharatGen Selected for IndiaAI Mission.
•IIT Bombay developing a
trillion-parameter model with INR 988.6 Cr funding.
•Sarvam AI, Gnani.ai, and Gan AI
chosen earlier; models reportedly progressing well.
•Govt targets 38,000 GPUs for
research, already deployed 17,300 as of June 2025.
When we think of multinational corporations (MNCs), names like Google, Apple, or Nestlé often come to mind. But India, known for its strong business culture, has also created successful global companies, started in India, grown in India, and now operates globally.
These MNCs founded in India are not just surviving globally; they are leading, innovating, and influencing change on a massive scale. From technology and car manufacturing to medicines and banking, Indian companies are changing how the world works.
This article highlights the top Indian-founded MNCs that have made a massive impact worldwide while staying true to their Indian roots.
List of Top MNCs Founded in India
India is home to some of the world’s most influential multinational corporations that started from scratch and grew into global giants. These companies showcase India’s entrepreneurial spirit and its rising influence on the global economic stage. The following is a list of the top 10 multinational companies founded in India and now operating worldwide:
Tata Group is synonymous with Indian pride. A conglomerate with over 100 companies, Tata operates in automobiles (Tata Motors, Jaguar Land Rover), IT (TCS), hospitality (Taj Hotels), steel, telecom, chemicals, and more.
TCS is among the top global IT service firms.
Tata Motors owns Jaguar Land Rover, headquartered in the UK.
A legacy-driven empire, Aditya Birla Group is one of the largest conglomerates in India with operations in metals, cement, textiles, carbon black, telecom, and financial services.
Present across North America, Europe, Latin America, Asia, and Africa.
Hindalco, UltraTech Cement, and Aditya Birla Capital are major arms.
Employs over 187,000 people globally.
Infosys
Founders
N.R. Narayana Murthy & Team
Founded
1981
Headquarters
Bengaluru, Karnataka
Global Presence
50+ countries
Annual Revenue
19.3 billion U.S. dollars
Infosys is often hailed as the flagbearer of India’s IT revolution. It is among the most prominent Indian IT multinational companies.Starting in a small room in Pune with just seven engineers, Infosys rapidly transformed into a global powerhouse, providing cutting-edge technology solutions, IT consulting, and business process outsourcing to Fortune 500 companies worldwide.
Offers services in cloud computing, AI, machine learning, blockchain, and digital transformation.
Employs over 300,000 skilled professionals globally.
Serves clients across banking, retail, manufacturing, and healthcare sectors.
Pioneer in ethical corporate governance and sustainability practices.
Major presence in North America, Europe, Australia, and Asia
Wipro is a stellar example of business transformation. Originally launched as a manufacturer of vegetable oil in 1945, it operated under the name “Western India Palm Refined Oils.” Over the decades, Wipro evolved into a global IT solutions and consulting powerhouse, thanks to the visionary leadership of Azim Premji, who redirected the company toward technology in the 1980s.
Provides cloud infrastructure, cybersecurity, digital transformation, and consulting services.
Acquired UK-based Capco to expand financial services consulting.
Works with several Fortune Global 1000 companies worldwide.
Strong focus on diversity, sustainability, and innovation.
Larsen & Toubro (L&T)
Founders
H.L. Larsen & S.K. Toubro
Founded
1938
Headquarters
Mumbai, Maharashtra
Global Presence
30+ countries
Annual Revenue
INR 2 Lakh Crore (FY 2024)
L&T is India’s largest engineering and infrastructure conglomerate with a diversified global presence. The company operates across key sectors such as construction, heavy engineering, defense, power, IT services, and financial services.
It operates in over 50 countries worldwide
Known for quality, innovation, and sustainability in engineering projects.
HCLTech
Founder
Shiv Nadar
Founded
1976
Headquarters
Noida, Uttar Pradesh
Global Presence
60+ countries
Annual Revenue
$13.3 billion (FY 2024)
HCLTech is a global leader in IT services and digital innovation. It delivers cutting-edge solutions in cloud computing, cybersecurity, AI, and enterprise IT.
It has acquired companies such as Actian and Volvo’s IT arm to expand its capabilities.
Works with several Fortune 500 companies across industries.
Hindustan Unilever Limited (HUL)
Founded
1933 (as Lever Brothers India Limited)
Headquarters
Mumbai, Maharashtra
Global Presence
Operations in 20+ countries through parent Unilever
Annual Revenue
INR 614 billion (FY 2024)
HUL is India’s largest fast-moving consumer goods (FMCG) company, offering a wide range of products in home care, personal care, and food & beverages. While it’s a subsidiary of the global giant Unilever, HUL operates with a high degree of autonomy and is considered an Indian MNC in its own right due to its massive scale, R&D, and export operations out of India.
Manages a portfolio of 50+ iconic brands like Surf Excel, Dove, Lifebuoy, Lux, and Horlicks.
Employs over 10,000 people directly and supports thousands more through its ecosystem.
Strong focus on sustainability, with brands like Love Beauty & Planet and water-saving initiatives.
Products are exported to markets in Southeast Asia, Africa, and the Middle East.
Operates multiple R&D centers and manufacturing units across India.
M&M (Mahindra & Mahindra) is a leading Indian multinational in the automotive and farm equipment sectors. Known for its rugged SUVs and tractors, it has a strong global presence across over 100 countries.
Operates in the US, Europe, Africa, and Southeast Asia.
Subsidiaries include SsangYong (Korea) and Automobili Pininfarina (Italy).
Bharat Forge
Founder
Babasaheb Neelkanth Kalyani
Founded
1961
Headquarters
Pune, Maharashtra
Global Presence
50+ countries
Annual Revenue
INR 89.7 billion (FY 2024)
Bharat Forge is a world leader in precision forging and engineering components. Headquartered in Pune, it is a flagship company of the Kalyani Group and serves diverse sectors including automotive, aerospace, oil & gas, power, and defense.
Partners with global defense and space technology firms.
Known for high-precision manufacturing and innovation.
Dr. Reddy’s Laboratories
Founder
Dr. K. Anji Reddy
Founded
1984
Headquarters
Hyderabad, Telangana
Global Presence
42 countries
Annual Revenue
INR 8,506 Crore
Dr. Reddy’s Laboratories is a major player in the global pharmaceutical industry, known for its generic medicines, active pharmaceutical ingredients (APIs), and biotechnology products.
It operates in the US, Europe, Russia, and emerging markets.
Focuses on affordable healthcare with extensive R&D and manufacturing in India.
Supplies to major hospitals and health systems worldwide.
Tech Mahindra
Founded
1986
Part of
Mahindra Group
Headquarters
Pune, Maharashtra
Global Presence
90+ countries
Annual Revenue
$2.6 billion (FY 2024)
Tech Mahindra is a key player in IT services and digital transformation, offering cutting-edge solutions in AI, cloud, 5G, cybersecurity, and enterprise automation.
Provides software development, cloud solutions, enterprise mobility, and telecom services.
Serves top global telecom players and Fortune 500 clients.
Delivery centers in the US, UK, Philippines, and Germany.
In India, multinational corporations are not just local success stories but global powerhouses reshaping industries, setting innovation benchmarks, and putting India firmly in the world spotlight.
What unites them is not just their Indian origin, but their world-class ambition, ethical foundations, and relentless pursuit of growth through innovation. In an era when India continues to rise as a global economic force, MNCs will remain at the forefront, expanding India’s influence, creating millions of jobs, and building innovations for a better, smarter future.
Multinational corporations (MNCs) are companies that operate in multiple countries beyond their home country, managing production or delivering services on a global scale.
What are some multinational companies (MNCs) founded in India?
Some multinational companies (MNCs) founded in India are:
Tata Group
Aditya Birla Group
Infosys
Wipro
Larsen & Toubro (L&T)
HCLTech
Hindustan Unilever Limited (HUL)
Mahindra & Mahindra
Bharat Forge
Dr. Reddy’s Laboratories
Tech Mahindra
How are the top MNCs in India determined?
The ranking of top MNCs in India is usually based on various factors, including revenue, market share, brand reputation, growth rate, and social impact.
