On August 21, Wipro, the Bengaluru-based IT business said that it would pay up to $375 million to Harman International Industries for a 100% stake in Harman Connected Services Inc. (DTS) and its subsidiaries, as well as some other assets. Subject to US antitrust clearances and other regulatory approvals, the all-cash deal is anticipated to be completed by December 31.
Boosting ER&D and AI-Powered Engineering Capabilities
According to a press statement, the acquisition broadens Wipro’s capabilities and ER&D service offerings by strengthening its AI-powered digital engineering and device engineering, which includes design-to-manufacturing across the consumer, industrial, healthcare, and aerospace sectors.
Harman Connected Services: Global Footprint and Growth
With more than 5,600 workers spread across 14 countries—including India, the US, South Korea, the UK, Poland, and Germany—Harman Connected, a multinational provider of engineering research and development (ER&D) and information technology services, has its headquarters located in Connecticut, USA. Services accounted for almost 85% of the company’s 2024 revenues, which were $315 million in 2022, $308.2 million in 2023, and $314.5 million in 2024.
Wipro Strengthening its ER&D Market Position
According to Wipro, the business hopes to give customers the flexibility and accuracy of a specialised supplier as well as the reach and capabilities of a global leader by fusing Harman Connected’s individualised, high-touch delivery strategy with its global scale and technological ecosystem.
Industry Trend: IT Firms Accelerate M&A in ER&D
This transaction represents yet another consolidation effort in the ER&D and digital engineering services sector. According to analysts, IT companies’ inorganic strategy reflects a larger trend in the sector, whereby they may use mergers and acquisitions (M&A) as a means of overcoming slow organic growth.
Wipro Expanding its Service Portfolio
HCLTech purchased an automotive engineering services provider in 2023, while Infosys has already acquired two businesses to expand its ER&D service capabilities by 2024.
To assist Olympus Corp., HCLTech will set up a special ER&D services centre. Traditionally, domain experts like L&T Technology Services, Cyient, Tata Elxsi, and others have supplied the majority of ER&D services. However, IT services providers are rapidly seeking to capitalise on this new growth area as ER&D spending has accelerated over the past two years. Cognisant, an IT company with its headquarters in Teaneck, has increased its revenue in the last two quarters by acquiring ER&D firms Belcan and Thirdera.
Government and Market Outlook for ER&D Growth
It’s interesting that the government has taken notice of the sector’s explosive rise. In FY23, ER&D Global Capability Centres (GCC) grew by more than 30% to around $25 billion, according to the 2024 economic survey. In contrast, the business process management (BPM) and traditional IT industries developed on a lower base but at a quicker rate in percentage terms. In FY23, GCCs in the IT segment increased by 30% to $9.7 billion, while the BPM segment increased by roughly 27% to $10.7 billion.
Quick
Shots
•Transaction expected to close by
December 31, 2025, pending US antitrust and regulatory approvals.
After 40 years with the company, Vineet Agrawal, MD of Wipro Enterprises and CEO of Wipro Consumer Care & Lighting, will retire in January 2026. With effect from February 1, 2026, Kumar Chander, who is currently President of Southeast Asia and Yardley India, will take over as CEO.
Chander will start working with Agrawal in October 2025 to guarantee a smooth handover. He will work out of the Bengaluru headquarters of Wipro Enterprises. After working for Wipro since 1985, Agrawal was appointed CEO of Wipro Consumer Care & Lighting in 2002.
Over the past twenty years, he has been instrumental in transforming the business into a major FMCG force on a global scale. Under his direction, the business made 15 acquisitions, greatly increased the number of international brands it owned, and made Santoor one of the top two soap brands in India.
Changing Business Dynamics of Wipro
Wipro’s concentration was mostly on vanaspati, soap, and lighting products in India before Agrawal took over in 2003. The company now operates in over 60 countries in the culinary, lighting, skincare, personal care, home care, and seating sectors.
Vineet has been instrumental in transforming Wipro Consumer Care & Lighting from a domestic player to a truly global enterprise, growing the company from INR 300 crore in 2003 to over INR 10,600 crore today, according to Azim Premji, chairman of Wipro Enterprises, who discussed the transition.
Vineet oversaw 15 significant acquisitions, turned Santoor into a well-known Indian brand, and established a solid foundation for innovation and expansion. A lasting legacy has been left by his innate grasp of people, culture, and long-term value development. The company would like to express its gratitude to him for his outstanding work over the past forty years.
Premji further added, “It gives me great pleasure to introduce Kumar Chander as the incoming MD of Wipro Enterprises and CEO of Wipro Consumer Care & Lighting.” Chander provides keen strategic vision and executional depth to Wipro, where he has worked for 33 years and built a solid reputation in both Indian and foreign markets.
His leadership is demonstrated by the fact that he helped us rank first in Malaysia’s personal care market and in the top three in a number of others. “Kumar is incredibly well-positioned to guide us into the next chapter because of his humility, fairness, strategy, and business acumen,” Premji continued.
Agarwal’s Journey in Wipro
After working for Wipro since 1985, Agrawal was appointed CEO of Wipro Consumer Care & Lighting in 2002. Over the past twenty years, he has been instrumental in transforming the business into a major FMCG force on a global scale.
Under his direction, the business made 15 acquisitions, greatly increased the number of international brands it owned, and made Santoor one of the top two soap brands in India. “It has been a privilege to be part of Wipro for 40 years and to lead Consumer Care & Lighting over the last two decades,” Agrawal said, looking back on his career.
“Together, we have established a multinational corporation based on integrity, rigorous execution, and robust processes. I am appreciative of the chance to guide through a time of profound change and proud of the foundation we have established. Wipro’s dedication to creating with purpose and long-term concentration has influenced our path. I have complete faith that Kumar will lead Wipro to even higher heights because of his unique leadership style and extensive worldwide expertise,” he added further.
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.
India has been a hub for international businesses for several decades, and the presence of multinational companies has played a crucial role in boosting the country’s economy. The Indian market offers a vast consumer base and a skilled workforce, making it an attractive destination for MNCs to set up shop. In recent years, the Indian economy has seen significant growth, and several multinational corporations have contributed to this growth through their success in various sectors. Indian MNC companies are expanding rapidly across global markets, showcasing the strength and innovation of India’s corporate sector.
In this article, we will take a closer look at the top 26 successful multinational companies in India that have made their mark in the Indian market.
When it comes to multinational companies in India, the Tata Group is a name that needs no introduction. Founded in 1868 by Jamsetji Tata, the company has been a symbol of trust and reliability in the Indian market for over a century.
With a presence in 100+ countries across six continents, the Tata Group has established itself as a global player in various sectors, including steel, automotive, hospitality, and more. Their headquarters is in Mumbai, and the group employs over 9,00,000 people worldwide, making it one of the largest employers in India. It is one of the top 10 MNCs in India.
Aditya Birla Group is a global conglomerate that operates in 36 countries in North and South America and Africa. Seth Shiv Narayan Birla founded this company in 1857. Over 140,000 employees are a part of this ever-growing company. The company is headquartered in Mumbai. It is one of the top 5 MNC companies in India.
N.R Narayan Murthy, Nandan M. Nilekani, S. Gopalakrishnan, S.D. Shibulal, K. Dinesh, N.S. Raghavan, Ashok Arora
Founded
1981
Revenue
$18.6 billion (2024)
Number of Employees
3,17,240 (2024)
Infosys Limited is an Indian multinational information technology company that provides a wide variety of services like business consulting, innovative IT solutions and outsourcing services. It is the 2nd largest IT company, which was founded in 1981. It operates in 50+ countries and has 3 lakh employees working for them. It is one of the top 10 MNC companies in India.
India has seen the rise of several successful multinational companies over the years, and HCL Technologies is undoubtedly one of them. Founded in 1991 by Shiv Nadar and Arjun Malhotra, HCL Technologies (Hindustan Computers Limited) is an Indian multinational company that has made its mark in the global market. The company focuses on IT and Business Services (ITBS), Engineering and R&D Services (ERS), and Products and Platforms (P&P). HCL Technologies is top 5 MNC companies in India.
Wipro is an Indian multinational company that is globally known for its IT services. The company provides an array of services like robotics, cloud, cognitive computing, hyper-automation, and analytics. Wipro also focuses on consulting and outsourcing. The headquarters of Wipro is in Bengaluru. It is one of the top 10 MNC companies in India.
Google needs no introduction. Google India Pvt Ltd is a subsidiary of Google Inc., which was founded in 2003. More than 1 lakh employees are working for this company.
Google, one of the prominent MNC companies in India, has established its presence with offices in Hyderabad, Bangalore, Gurgaon, and Mumbai. It is one of the top 10 multinational companies in India.
Amazon India
Company Name
Amazon India
Founder
Jeff Bezos
Founded
1994
Revenue
INR 22,198 crore (2023)
Number of Employees
1,25,000 (2023)
Another company where a lot of people want to work is Amazon India Pvt Ltd. The aim of this company is to make the experience of buying online smoother and faster.
The company is thinking from the perspective of the Indian audience and solving unique problems like providing opportunities for small retailers to sell online, regional discovery, fast delivery in small towns, reliable payment options and much more. Apart from e-commerce, the company also focuses on digital streaming, cloud computing, machine learning and AI. It is one of the top 20 MNC companies in India.
The influence of multinational companies in India can be seen in various sectors, including technology. One such company that has made a mark in the Indian market is Apple India, a subsidiary of the global tech giant Apple Inc. Incorporated in 1996, Apple India has been a prominent player in the Indian smartphone and computer market. It is one of the top 10 multinational companies in India.
Microsoft India Pvt Ltd is a subsidiary subsidiary of Microsoft Corporation that was incorporated in 1990. The head office of the company is in Hyderabad. Microsoft India has ten offices in different cities of India: Ahmedabad, Bangalore, Chennai, Hyderabad, Kochi, Kolkata, Mumbai, New Delhi, Noida, Gurgaon and Pune.
Nestlé India Limited is a subsidiary of the Swiss multinational company Nestlé. It is the world’s largest food and beverage company.
Nestlé India Limited, a prominent MNC company in India, is actively engaged in the production and marketing of various food and beverage products. Some of the popular brands offered by Nestlé in India include Maggi, Nescafé, KitKat, Munch, Milkybar, Nestlé Milk, and more. It is one of the top 20 MNC companies in India.
Herman Hollerith, Thomas J. Watson, Charles Ranlett Flint
Founded
1911
Revenue
INR 28,052.8 crore (2023)
Number of Employees
130,000 (2024)
IBM, short for International Business Machines Corporation, is a globally renowned multinational technology company. Established on June 16, 1911, IBM has a rich history of innovation and leadership in the technology industry. Over the years, it has evolved into a prominent provider of advanced information technology, software, hardware, and consulting services worldwide.
Coca-Cola is one of the world’s largest beverage companies, and it operates in various countries, including India. The company has a long history in India and has been a prominent player in the Indian non-alcoholic beverage market.
Coca-Cola India offers a diverse portfolio of products, including its iconic carbonated soft drinks such as Coca-Cola, Diet Coke, Fanta, Sprite, and Thums Up, along with a range of non-carbonated beverages like Minute Maid juices, Maaza, and Kinley packaged drinking water.
Hindustan Vanaspati Mfg. Co. Ltd., United Traders Ltd., Lever Brothers
Founded
1933
Revenue
INR 618.9 billion (2024)
Number of Employees
27,764 (2024)
Established in 1931, Hindustan Unilever (HUL) boasts a rich legacy of over 90 years and has evolved into one of the premier FMCG brands, “U-Work” gigs, and globally. With a diversified portfolio encompassing personal care products, food, beverages, and various consumer goods, HUL has firmly established itself as a market leader in India and beyond. It is one of the top 20 MNC companies in India.
Toyota
Company Name
Toyota
Founder
Kiichiro Toyoda
Founded
1894
Revenue
$274.942 billion (2023)
Number of Employees
3,75,235 (2023)
As a prominent and globally recognized automotive company, Toyota stands out as a leading force in the international car market. Marking its entry into the Indian market in 1997, Toyota has since made significant strides, introducing a range of successful cars that have propelled it to a dominant position with a substantial market share.
LG, a renowned MNC company of consumer electronics and appliances manufacturer based in South Korea, has been an integral part of households worldwide. Since its foray into the Indian market in 1997, LG has consistently delivered a diverse range of reliable products, including washing machines, refrigerators, televisions, smartphones, and keypad mobiles.
Citibank, a prominent multinational financial institution, has solidified its position as a top player in the Indian banking sector. Established in 1812, the bank brings a rich history and a global reputation for excellence to its operations in India. Offering a total suite of financial services, Citibank caters to diverse needs, including savings accounts, loans, deposits, mortgages, investment funds, credit and debit cards, insurance, electronic banking, capital markets, advisory services, and private banking.
HP
Company Name
Hewlett-Packard (HP)
Founder
Bill Hewlett and Dave Packard
Founded
1939
Revenue
US $53.7 billion (2023)
Number of Employees
58,000 (2023)
Established in 1939 by the visionary duo Hewlett and David Packard, Hewlett-Packard India Sales Pvt Ltd has emerged as a stalwart in the Information Technology sector. The company’s global headquarters is situated in Palo Alto, California, marking its status as an American multinational IT MNC. Renowned for its expansive portfolio, Hewlett-Packard has been a trailblazer in developing and delivering an extensive range of hardware components and software-related services. It is one of the top 20 MNC companies in India.
A subsidiary of the globally acclaimed Sony Corporation, Sony India stands as one of the premier MNC company in India. Originating from Japan, Sony Corporation was established in 1946, and its Indian venture commenced in 1994, introducing an extensive array of electronics such as mobile phones, televisions, cameras, PlayStations, and more.
Samsung
Company Name
Samsung
Founder
Lee Byung-chul
Founded
1938
Revenue
$200.26 billion (2023)
Number of Employees
2,70,372 (2023)
Samsung – Top Multinational Company in India
Samsung is a renowned multinational corporation that has firmly established itself as a key player in the Indian market. Originating from South Korea, Samsung has been on a journey of technological innovation and consumer electronics excellence since it entered India. Over the years, it has become synonymous with cutting-edge products, including smartphones, televisions, home appliances, and more.
DHL
Company Name
DHL
Founder
Adrian Dalsey, Larry Hillblom, Robert Lynn
Founded
1969
Revenue
US $100 billion (2022)
Number of Employees
5,86,404 (2023)
DHL – Top Multinational Company in India
DHL is a well-known international courier and logistics MNC company that has established itself as a successful player in the Indian market. As a crucial link in the global supply chain, DHL plays a vital role in facilitating international trade and commerce. Their presence in India offers customers a comprehensive range of logistics services, such as express parcel delivery, freight transportation, and supply chain solutions.
Adidas India
Company Name
Adidas India
Founder
Adolf Dassler
Founded
1949
Revenue
$23.80 billion
Number of Employees
59,030
Adidas – Top Multinational Company in India
This multinational conglomerate traces its roots back to the trails of World War I. Led by Adolf Dassler and his sibling Rudi Dassler, the Dassler family began manufacturing shoes in their mother’s house. Adidas had its shining moment and gained international attention when American track-and-field star Jesse Owens wore it in the 1936 Berlin Olympics.
Mercedes Benz India
Company Name
Mercedes Benz
Founder
Daimler-Motoren-Gesellschaft and Carl Benz
Founded
1926
Revenue
$101 billion (2024)
Number of Employees
166,000
Mercedes Benz – Top Multinational Company in India
Mercedes-Benz is a globally renowned luxury automobile brand, headquartered in Stuttgart, Germany. Founded in 1926, it originated from Daimler-Benz, which combined two pioneers in automotive history—Karl Benz, who built the world’s first car, and Gottlieb Daimler. The company is now part of Mercedes-Benz Group AG.
Panasonic
Company Name
Panasonic
Founder
Konosuke Matsushita
Founded
1918
Revenue
$54 Billion (2024)
Number of Employees
228,420
Panasonic – Top Multinational Company in India
Panasonic, formerly known as Matsushita Electric, was founded in 1918 by Kōnosuke Matsushita as a vendor of duplex lamp sockets. The corporation ran factories in Japan and other Asian countries during World War II that produced electrical products and parts, including light fixtures, motors, electric irons, wireless equipment, and the first vacuum tubes.
Procter and Gamble
Company Name
Procter and Gamble (P&G)
Founder
William Procter & James Gamble
Founded
1837
Revenue
$40.5 Billion (2024)
Number of Employees
88,000
P&G – Top Multinational Company in India
Procter & Gamble (P&G) is a leading American multinational consumer goods company, headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, the company is known for its wide range of household, health, and personal care products. P&G operates in over 180 countries and is recognized for its portfolio of trusted, globally popular brands.
The company boasts more than 65 brands, many of which are market leaders in their respective industries.
PepsiCo
Company Name
PepsiCo
Founder
Caleb Bradham
Founded
1965
Revenue
$3.08 Billion (2024)
Number of Employees
318,000
PepsiCo – Top Multinational Company in India
PepsiCo is a global leader in the food and beverage industry, headquartered in Purchase, New York. Founded in 1965 through the merger of Pepsi-Cola and Frito-Lay, it has grown into a powerhouse with a diverse portfolio of snacks, beverages, and nutrition products.
PepsiCo operates in over 200 countries through six key divisions: Frito-Lay North America, PepsiCo Beverages North America, Quaker Foods North America, Latin America, Europe, and Asia, Middle East & Africa.
Cognizant is a leading global technology services and consulting company, headquartered in Teaneck, New Jersey. Founded in 1994 as an IT development and maintenance arm of Dun & Bradstreet, it has since grown into a multinational provider of digital, technology, and consulting services.
Conclusion
In conclusion, the presence of multinational companies in India has been a significant contributor to the country’s economic growth. The Indian market offers vast potential for international businesses, and several companies have leveraged this opportunity to establish themselves as global players. Indian MNCs are playing a crucial role in shaping the global business landscape with their growing international presence.
In this article, we have looked at the top 26 successful MNC in India that have made their mark in various sectors, including technology, hospitality, and more. These companies have not only brought in foreign investment but have also created job opportunities for millions of people across the country. With the Indian economy poised for further growth, it will be interesting to see how these companies evolve and contribute to India’s development in the years to come.
FAQs
What are MNCs?
MNCs, or Multinational Companies, are enterprises that operate in multiple countries, including India.
Which is the top MNC in India?
Tata, Wipro, Nestle India, Aditya Birla, and Infosys are some of the top MNC in India.
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.
How many MNCs are there in India?
There are over 290,000 MNCs in India.
How do MNCs contribute to the Indian economy?
MNCs play a crucial role in the Indian economy by bringing in foreign direct investment, creating job opportunities, introducing new technologies, enhancing skill development, and contributing to the country’s export and tax revenues.
Are there any challenges that MNCs face while operating in India?
MNCs in India may encounter challenges such as regulatory complexities, cultural differences, competition from local players, and managing diverse markets across different states and regions. However, successful companies adapt and navigate these challenges to thrive in the Indian market.
Leading Indian tech companies, including TCS, Infosys, and Wipro, have been encouraged by Union IT Minister Ashwini Vaishnaw to create a mobile operating system especially for India. “I urge our leading tech companies—Infosys, TCS, and Wipro—to accept this challenge: create a mobile operating system for our nation,” he stated while speaking at the 32nd ICT Business Awards & DQ Digital Leadership Conclave, which was hosted by Dataquest India. “You’ve excelled in providing services, but now is the time for India to become a product-driven nation,” the minister said, urging these businesses to change their focus, according to a news agency report. The government is prepared to assist these firms in their undertaking.
Making India a Tech Giant
Vaishnaw highlighted the government’s goal of making India a global leader in technology throughout his speech. According to Vaishnaw, Prime Minister Narendra Modi has given the country the courage, foresight, and means to dream large. In addition to tackling the issues of the present, the nation must lay the groundwork for the future by creating goods and technologies that would rank India among the top five technological nations; possibly in the future, it will be mentioned alongside the G7 or G20 as part of a T5’—the top five in technology.
Government’s Push for AI
The minister also emphasised the government’s initiatives to take the lead in artificial intelligence (AI) and democratise the field. He disclosed that the first “Made in India” chip is anticipated to be released this year and that five manufacturing facilities are now being built. He also declared the launch of the AI Compute Portal, which would give government agencies, startups, and researchers access to cutting-edge GPUs and high-performance computing capabilities for AI research. According to him, the government unveiled a shared computing centre with 14,000 GPUs on 10 March. Researchers, students, and businesses in the nation will be able to test AI models, improve algorithms, and create cutting-edge apps owing to the establishment of this centre . The minister added that the nation has a clear goal: it wants to create its own fundamental AI models within the next 12 months. A media outlet asked Vaishnaw to describe the government’s technology strategy for its 2047 objectives. According to him, the government’s third term would be devoted to the development of autonomous AI models, small, problem-specific AI solutions, GPUs, startup support, and talent development.
According to the NASSCOM Annual Strategic Review 2026, the share of IT services and engineering research and development (R&D) will remain dominant in terms of overall revenue. According to the analysis, although the projected growth is strong, over half of the CEOs polled thought that hiring would either remain the same or decline in fiscal 2026. Approximately two-thirds of them stated that artificial intelligence would account for over 10% of IT spending.
Wipro Limited, a prominent name in the global IT services industry, is renowned for its innovative approach and commitment to excellence. From its humble beginnings to its transformation into a global powerhouse in information technology, Wipro has been a pioneer in adapting to the changing needs of the digital age. Headquartered in Bengaluru, India, the company has expanded its operations across over 50 countries, providing end-to-end solutions to industries ranging from banking and healthcare to retail and energy.
Wipro’s strategic investments in cutting-edge technologies such as artificial intelligence, cloud computing and data analytics have strengthened its position as a leader in the IT space. In addition, its strong focus on sustainability, coupled with its net-zero emissions goal by 2040, showcases the company’s commitment to creating a sustainable future.
In this Startup Talky, we will talk about Wipro’s dynamic journey, its future plans, how it’s navigating the digital transformation wave and its efforts to stay at the forefront of technological advancements in a rapidly evolving market. Read to learn more about Wipro, its founder, business model, revenue model, funding, revenue, growth, financials, net worth, and more.
Wipro, a globally renowned technology powerhouse stands as a trailblazer among India’s Big Tech elite. Offering a broad spectrum of services, Wipro specializes in IT solutions, business consulting and process optimization. With expertise spanning cloud innovation, cybersecurity, AI-driven solutions, robotics, digital transformation and advanced data analytics, the company caters to a diverse clientele across 167 countries.In 2007, Wipro unveiled its groundbreaking supercomputer series, the Wipro Supernova. Building on this innovation, the company partnered with the Indian Space Research Organisation (ISRO) in 2011 to create SAGA-220, India’s fastest supercomputer at the time.
This cutting-edge machine was deployed at the Vikram Sarabhai Space Centre, marking a significant milestone in India’s technological advancements.
Wipro – Industry
India’s IT software and consulting industry is on a fast track to growth, driven by the rapid embrace of new technologies and an increasing emphasis on cybersecurity. Projections paint a promising picture for the sector:
Revenue Milestone: By 2025, the industry is expected to generate revenue of $1.36 billion.
Sustained Growth: From 2025 to 2029, the market is projected to grow at a steady CAGR of 8.14%, reaching a market volume of $1.86 billion by the end of the period.
With its momentum fueled by innovation and a focus on secure solutions, the IT consulting and implementation sector in India is set to shape the future of technology adoption and business transformation.
Wipro – Founders and Team
Azim Premji – Founder & Chairman, Wipro
Azim Premji – Founder & Chairman, Wipro
Azim Premji, born in Bombay (now Mumbai), India, grew up in a family deeply rooted in business. His father, Muhammed Hashim Premji, was known as the “Rice King of Burma” and played a key role in the family’s entrepreneurial legacy. When Muhammad Ali Jinnah, the founder of Pakistan, invited his father to move to Pakistan, he chose to remain in India, staying true to his roots.
Azim Premji pursued his Bachelor of Science in Electrical Engineering from Stanford University, shaping his future in technology and business. Today, he’s married to Yasmeen Premji and together they have two children: Rishad and Tariq. Rishad Premji, their eldest, now leads as the Chairman of Wipro’s IT business, continuing the family’s influential role in the company’s success.
Wipro, now India’s third most-valued IT company, has an inspiring journey that began far removed from technology. Founded in 1945 by Mohamed Hasham Premji in Amalner, Maharashtra, the company started as Western India Vegetable Products Limited, manufacturing vegetable and refined oils.
After Hasham Premji’s passing in 1966, his 21-year-old son, Azim Premji, took over the reins, leaving Stanford University to lead the business. Under his visionary leadership, the company began diversifying its product portfolio in the 1970s to include bakery fats, ethnic ingredient-based toiletries, baby products and hydraulic cylinders.
In 1977, the company rebranded as Wipro Products Limited and later as Wipro Limited in 1982, marking a pivotal shift in its identity. The 1980s were transformative, with Wipro capitalizing on the opportunities created by IBM’s exit from India. Collaborating with Sentinel Computer Corporation, Wipro entered the high-tech arena, manufacturing India’s first minicomputer based on the Intel 8086 chip in 1981.
By 1984, Wipro had launched its software division, initially developing spreadsheets and word-processing tools before shifting focus to offshore software development in the 1990s. The mid-1990s saw Wipro emerge as a leading manufacturer of personal computers and medical diagnostic equipment.
In 1998, Wipro was India’s second-largest software exporter, having transitioned from a consumer goods company to a global IT leader. Azim Premji’s strategic pivot from products like soaps to software laid the foundation for Wipro’s evolution into a tech giant, driving innovation and success in IT, consulting and business services worldwide.
Wipro – Mission and Vision
Mission Wipro is committed to enabling clients to achieve their business goals by delivering excellence in processes, quality frameworks and innovative service solutions.
Vision Wipro aspires to be a globally admired organization recognized for its world-class products, solutions and services.
Wipro – Name, Tagline and Logo
Wipro Logo
Name: Wipro Limited
Tagline: “Applying Thought”
Logo: Wipro’s logo features the company’s name on a clean white background, framed by colorful concentric dots. Redesigned in 2017, the new logo replaced the iconic rainbow flower and symbolizes Wipro’s seamless integration of technology with domain expertise. The concentric circles embody the company’s core values and its strong connections with employees, clients, partners and communities.
Tagline Evolution: Wipro’s original tagline, “Applying Thought,” served as a pledge to its customers, reflecting the company’s dedication to excellence in IT services and problem-solving. This timeless phrase encapsulated Wipro’s approach to innovation and its journey of transformation.
In recent years, Wipro adopted the tagline “Be Digital. Be More” to emphasize its focus on empowering clients with cutting-edge digital solutions and driving meaningful growth in a rapidly evolving technological landscape.
Wipro – Business Model
Wipro offers diverse services tailored to client needs, including:
IT Services: Solutions to drive digital transformation.
Business Process Services: Optimizing workflows for efficiency.
Consulting: Strategic advice for complex business challenges.
Engineering Services: Cutting-edge product and system designs.
Cloud Services: Scalable solutions for modern enterprises.
Wipro emphasizes strong, mutually beneficial relationships with its partners. These 360-degree partnerships ensure collaborative innovation and seamless integration, benefiting clients with comprehensive, cohesive solutions.
Global Business Lines
The company’s restructured global business line model focuses on key growth areas:
Cloud solutions
Enterprise technology
Engineering services
Strategic consulting
This approach ensures Wipro remains at the forefront of industry trends and emerging technologies.
Wipro’s Service Bureau Model creates a win-win by enabling large companies to share their billing infrastructure with smaller businesses. This collaborative framework helps reduce costs and improve efficiency for all stakeholders.By leveraging cutting-edge technologies, Wipro empowers clients to develop resilient operating models, drive innovation and navigate their digital transformation journeys effectively.
Wipro – Revenue Model
Wipro’s revenue generation is primarily driven by its robust IT servicesdivision, which offers a diverse range of solutions to clients across industries like banking, retail, healthcare and manufacturing. This segment encompasses key offerings such as software development, IT consulting, system integration and application management. Wipro assists businesses in optimizing operations and navigating their digital transformation journeys. By integrating advanced technologies like artificial intelligence (AI), cloud computing and cybersecurity solutions, Wipro has cemented its position as a leader in the IT services market, significantly contributing to its revenue stream.
In addition to IT services, Wipro’s business process outsourcing (BPO) division plays a crucial role in driving revenue. This segment manages specific business functions for clients, including customer service, finance and accounting, human resources and procurement. Through its global presence and operational efficiency, Wipro helps clients cut costs, enhance service delivery and focus on their core business operations. The growing demand for strategic BPO partnerships has fueled revenue growth in this sector, as companies increasingly look for ways to boost competitiveness and operational effectiveness.
Wipro – Challenges Faced
Wipro has faced notable challenges tied to the leadership changes that began in 2020 when Thierry Delaporte assumed the role of CEO. Delaporte unveiled an ambitious strategy to drive growth, focusing on high-value acquisitions and securing large-scale deals worth $500 million or more. Among the major moves was the $1.4 billion acquisition of Capco, a London-based consulting firm, designed to strengthen Wipro’s value-added services and broaden its client portfolio.
Despite the initial promise, this approach has encountered hurdles. A significant portion of Wipro’s revenue growth under Delaporte has been acquisition-driven, requiring a substantial cash investment of nearly $2 billion. The sustainability of this model has been called into question, especially as acquired entities like Capco have experienced slowdowns, raising concerns about the long-term viability of such an aggressive expansion strategy.
Wipro – Funding and Investors
Wipro continues to fuel its growth and innovation through strong partnerships with key investors and stakeholders.
Announced Date
Transaction Name
Money Raised
Investors
Nov 8, 2024
Post IPO Secondary
INR 4760 crore
PremjiInvest
Nov 22, 2022
Post IPO Secondary
INR 260 crore
Societe Generale
Mar 1, 2018
Post IPO – Equity
€900 million
Elliot Investment Management
Sept 1, 2007
Post IPO – Equity
–
MAPE Advisory Group
Oct 1, 2006
Post IPO – Equity
–
MAPE Advisory Group
Wipro – Investments
Wipro’s significant investments, including a $1 billion infusion into AI in 2023, demonstrate its commitment to innovation and future-proofing its services.
Announced Date
Organization Name
Funding Round
Money Raised
Mar 5, 2024
SDVerse
Corporate Round
$5.9 million
Nov 8, 2022
VMWare
Corporate Round
–
Mar 1, 2018
Denim Group
Corporate Round
–
Jan 24, 2018
Harte Hanks
Post IPO Equity
$9.9 million
Dec 23, 2017
Imanis Data
Corporate Round
$2.1 million
Apr 13, 2016
Emailage
Series A
$5.7 million
Feb 2, 2016
Altizon Systems
Series A
$4 million
Mar 18, 2015
Drivestream
Venture Round
$5 million
Oct 23, 2014
Opera Solutions
Series G
$8.2 million
Aug 20, 2013
Axeda
Private Equity
$12 million
Wipro – Mergers and Acquisitions
Wipro’s strategic mergers and acquisitions, including the high-profile $1.4 billion Capco deal, have bolstered its capabilities, expanding its service offerings and global footprint.
Acquiree Name
Announced Date
Price
Applied Value Technologies
Dec 16, 2024
$40 million
Aggne
Feb 13, 2024
$66 million
Rizing
Apr 26, 2022
INR 4140 crore
Convergence Acceleration Solutions
Apr 11, 2022
—
Edgile
Dec 19, 2021
$230 million
LeanSwift
Dec 15, 2021
–
Ampion
Mar 31, 2021
$117 million
Capco
Mar 4, 2021
$1.5 billion
Metronome
Dec 23, 2020
—
METRO SYSTEMS Romania
Dec 23, 2020
—
Wipro – Growth
Wipro’s growth from FY22 to FY24 showcased resilience and innovation, with steady revenue increases:
Fiscal Year
FY22
FY23
FY24
Operating Revenue
INR 79,312 crore
INR 15,387.8 crore
INR 16,902 crore (9.8% increase YoY)
Total Expenses
$8.576 billion
INR 12,620 crore
INR 13,757 crore
Profit/Loss
INR 122,434 crore
INR 1,937 crore
INR 1,903.1 crore
Wipro Financials
Wipro – Advertisements and Social Media
Corporate Updates
Wipro has entered a transformative partnership with Google Cloud, focusing on helping businesses worldwide accelerate their digital innovation and modernization efforts.
Innovative Product Introduction
In 2024, Wipro unveiled a state-of-the-art AI-driven cybersecurity platform, designed to enhance threat detection and response capabilities for organizations.
Sustainability-Focused Campaign
As part of its latest marketing push, Wipro is showcasing its ‘Sustainability as a Service’ solution, underlining its dedication to environmental responsibility and green initiatives.
Influencer Collaboration
Wipro teamed up with renowned tech personality Linus Sebastian to promote its new range of technology solutions, aimed at enhancing consumer engagement.
Oracle Global Partner Award 2024: Honored for the Doctor’s Payout solution built on Oracle Cloud Infrastructure.
The Open Group India Awards 2024: Recognized for groundbreaking innovations in the energy and utilities sector.
Intel oneAPI GenAI Hackathon: Triumphed as both winners and runners-up.
Customer Experience Leadership:
Best BPO Award 2023: Celebrated for exceptional outsourcing services and innovative solutions.
CX Awards 2023: Achieved runners-up and Highly Commended honors for the Customer Experience Team of the Year.
Sustainability Recognition:
Green Electronics Brand: Ranked second among Greenpeace’s Top 5 Green Electronics Brands.
Additional Honors:
UK Partner of the Year 2023: Awarded at the Tricentis Partner Kickoff.
Great Place to Work Certification: Earned by Wipro Switzerland, highlighting a positive workplace culture.
WebAward: Received for Outstanding Achievement in Web Development from the Web Marketing Association.
Wipro – Competitors
Wipro’s competitors include global IT giants like the following, all of whom are all vying for leadership in technology services, consulting and digital transformation:
Wipro is shaping the future with a $1 billion investment in its ai360 ecosystem, ensuring AI is at the heart of its internal processes and client solutions. With nearly every employee now skilled in AI, Wipro is building a workforce ready for the future. The company’s collaboration with Intel Foundry is pushing the boundaries of processor technology, developing next-gen AI chips to fuel innovation.
Driving Sustainability
Wipro is on a mission to achieve net-zero emissions by 2040, showcasing its unwavering commitment to the planet. Beyond internal efforts, Wipro offers sustainability services to help clients reimagine their business models and decarbonize their operations, making sustainability a shared journey.
Innovation in Action
Innovation is Wipro’s compass. By investing heavily in research and development, the company is crafting future-ready technologies. Strategic alliances with leaders like Adobe, AWS and Google ensure Wipro stays ahead of the curve, while its cutting-edge data analytics solutions empower clients to make smarter, faster decisions.
A Bold Tomorrow
With a focus on AI, sustainability and relentless innovation, Wipro isn’t just adapting to change—it’s leading the way. Whether through advanced AI capabilities, green initiatives, or groundbreaking partnerships, Wipro is paving a smarter, greener and more innovative path for its clients and industries worldwide.
FAQs
What is Wipro?
Wipro is an Indian IT company providing software services, consulting, and business solutions globally. Founded in 1945, it started as a vegetable oil company before shifting to technology and IT services.
Who is Wipro founder?
Wipro was founded by Mohamed Premji in 1945. His son, Azim Premji, later transformed it into a global IT company.
What is Wipro business model?
Wipro follows a B2B IT services business model, offering software, consulting, and outsourcing solutions to global clients. It earns revenue through IT projects, managed services, and digital transformation solutions across industries.
If you are struck with any startup reminiscence, then you will ferret for some reputed capital venture who could listen to your ideas right? But what if you are a part of Wipro where you can access its business services, consultation and digital marketing?
Moreover, I will be a mentor or business solution to you. It would be stupendous to be a part of Wipro- Western India Vegetables Products Limited, an Indian multinational corporation that originated in Bangalore by Muhammed Hasham Premji.
The company commenced in 1945 and attained many achievements from being a beginner to a virtuosity enterprise. Wipro bestows Business consultation, IT services, Outsourcing, business investor and also opened its healthcare services. So, extrapolate, Wipro is an all-around business solution corporation that focuses on enhancing entrepreneurs as well as generating employees.
Wipro has been operating since 1945 and ultimately engrossed many Indian businesses for its excellent services, which is highly based on vegetable and advanced oil products.
As of 2021, Wipro accomplished the third position as the largest Indian IT services firm with its net capital of 1.65 trillion by overruling HCL Technologies capital.
Besides, Wipro never reneged in astounding us with its new plans, whereas now Wipro corporation set to achieve zero Greenhouse gas emission. In the other words, they have targeted to reduce 55 % of GHG by 2030, apprehending global warming and climate change.
Wipro was set up as a manufacturer of vegetable and refined oil
Wipro Company Products – Vegetable Oil
Some people sound implausible, if I say Wipro is basically operated as a vegetable and refined oil company, but it’s credible. Wipro built a refined oil manufacturer under the brand names- Kisan, Sunflower and Camel in Amainer, Maharashtra during British rule.
Furthermore,’ it is proven that Wipro is the acronym of Western India Palm Refined Oil Limited.
Azim Premji’s rank was dropped from 2nd to 17th position by donating
Azim Premji – Founder of Wipro
In 2018, Azim Premji secured 2nd rank according to the Forbes India Rich List, and consecutive year, he dropped to 17th position among 100 Richest Indians 2019.
You would be wondering why there is a gradual fall? Because Azim Premji being a philanthropist, donated 13.1 million to poor people in India. According to the report, it is stated that Azim Premji, owner of Wipro obtained the second rank in Forbes Richest Indian 2018 with $21 billion in his account. Later the next year, he dropped to 17th rank with a net worth of 7.2 billion in 2019.
US-based Association of Diversity council, Wipro was the first Indian corporation to be awarded the 2nd rank for employee diversity in 2011, with 120,00 employees of 74 nationalities in 54 countries.
Leadership at the age of 21
If a big company was handed it over to you at the age of 25, what would you do? Of course, you will be wondering if someone could help you. But this huge enterprise which has been the talk of the town since 1945 was entrusted to a 21-year old boy Azim Premji. Yes, after Muhammed Premji, his dad passed away, he took over the company Wipro as its chairman in 1966.
Wipro became the First software technology & services company to be certified
In February 2001, Wipro became the first software technology and services company in India to get ISO:14001 certification for complying with the international standards for Environmental Management System (EMS) in three major software development and technology centres situated in Bangalore.
Wipro technologies became the world’s first company that has a PCMM level 5 and SEI CMM level 5 certification.
Wipro ranked 1st in the Asian Sustainability Rating of Indian companies
Wipro Limited was ranked 1st in the Asian Sustainability Rating (ASRTM) of Indian companies in 2010 and scored 5th ranking among Asian companies. The ASRTM is a benchmark tool for Environment, Social and Governance (ESG) which is developed by CSR Asia and Responsible Research.
The ASRTM ranking is calculated based on sustainable indicators in four different categories: General, Environment, Social and Governance of companies irrespective of the sector in which they belong and the ranking is calculated only on publicly available information for non-biased judgement.
In 2004, Wipro became the first to get the highest category ‘SVG1’ rating from credit rating agency IRCA for stakeholders value creation and government practices. This rating signifies the sound corporate governance practices of Wipro.
The Bangalore based company retained the top position in stakeholder value ranking in 2009 and 2012. The ranking was given on the basis of improving transparency and disclosure standards, the company’s satisfactory relationship with key stakeholders, the high promoter holding in the company, strong internal audit system, etc.
Forbes Global 2000 list
Wipro stood in 769th position in the Forbes Global 2020 list of 2021, where sales is at 1214th rank, profit annually earned at 460th position and the market value of Wipro estimated at 518th position in the Global 2000 list.
Moreover, According to the Forbes Global list, Wipro has been ranked at 193rd rank for World’s Best Employers 2019, Top regarded Companies in 2019 which secured the 168th place, Being the top multinational performers Wipro gained the position 119th in 2017 and awarded 441st rank for America’s best employers in 2017.
Secured most ethical company for the 10 consecutive years
Being constant in your heyday must be astounding right? Then guess what? Wipro was recognised as World’s most ethical company for 10 consecutive years in succession by the Ethisphere Institute.
It is stated that Wipro is a company of unwavering commitment to integrity, fairness and transparency backed by strong values which came out that Wipro is a reputed global wide trusted company so far now.
Conclusion
Wipro is a globally recognized business organisation, which is quite known for business solutions, consultation, healthcare, employment and all-rounder business services.
Wipro originated in Bangalore, Karnataka in India by a normal human named Mohamed Premji. Haplessly, the throne was given to his son Azim Premji at the age of 21 after his short life span. Azim Premji developed Wipro into a Multinational company by generating its best services to the users in terms of aiding business consultation, employment opportunities, Outsourcing, technology, capital venture etc.
FAQs
Who is the founder of Wipro?
Muhammed Hasham Premji founded Wipro in 1945 as a cooking oil company.
Who is the CEO of Wipro?
Thierry Delaporte is the CEO of Wipro since 2020.
Is Wipro an Indian company?
Yes, Wipro is an Indian company founded by Hasham Premji in 1945.
What is full form of wipro?
The Full form of WIPRO is Western India Palm Refined Oil Limited.
What are Wipro company products?
The products of Wipro include:
Skincare products
Male grooming products
Toiletries
Wellness products
Household products
Electrical wire devices
Domestic and commercial Lighting
What is the first product of Wipro?
Vegetable oil is the first product of Wipro.
Which companies are under Wipro?
The Wipro subsidiaries are divided into four different parts:
