Top conglomerate companies in india
1. TATA Group
A conglomerate giant, Tata is perhaps the most popular Indian company in the whole world. Tata Group is a proud parent of some of the most popular consumer brands and services spanning a huge variety of sectors- Tanishq jewelry, Tata Sky, Vistara Airlines, Taj Hotels, Tetley tea, Fastrack, and Westside are a few to name. Tata Consultancy Services (TCS) is one of the biggest names in the global IT industry.
Tata Group is currently chaired by Natarajan Chandrasekaran, but it would be unfair not to mention Ratan Tata, the chairman emeritus.
This Cornell alumnus is the recipient of Padma Bhushan and Padma Vibhushan awards, and was the man behind Tata Motor’s bold acquisition of Jaguar Land Rover. Tata Motors currently holds the 265th rank on the Fortune Global 500 list.
Founded nearly 60 years ago as Reliance Commercial Corporation, this multinational conglomerate is now one of the most successful companies in India. Reliance had a modest beginning as a manufacturer of textiles in Maharashtra, and entered the energy and telecom sectors in the 1990s.
Both these ventures were highly profitable for Reliance, and the company hasn’t looked back since. Reliance has a variety of well-loved subsidiaries under its belt, including Jio, Saavn, and Hathaway.
The company currently ranks 106 on the Fortune Global 500 list. Reliance is currently chaired by Mukesh Ambani, who is also the richest man in Asia and the 13th richest person in the world, according to Forbes magazine.
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Currently led by Chairman Rajnish Kumar, State Bank of India is the largest public sector bank in the country. The bank has a long history, extending over two centuries. Established in 1806, It is the oldest bank in existence in India.
SBI has over 24,000 branches all over the country and provides a wide variety of services that are not limited to Indians, but also extend to Non-Resident Indians.
This bank is one of the most trusted banks in India, and holds the 10th rank in this year’s Brand Trust Report. SBI is the proud recipient of numerous awards, including The Asian Banker’s “Best Transaction Bank in India” award, and ranks 236 on the Fortune Global 500 list. The bank also sponsors and participates in a large number of welfare activities and social causes.
4. Godrej Group
Which Indian isn’t familiar with the multi-industry giant that is Godrej? This company was founded over a century ago as a manufacturer of locks, and was an active participant in the Swadeshi movement.
The company invented the world’s first animal fat-free soap, and eventually forayed into a motley of sectors, including furniture, ballot boxes, refrigerators, and infrastructure.
Managed and owned by the Godrej family, the current chairman of the company is Adi Burjorji Godrej. He played a key role in modernising the management structure and implementing process improvements in the company.
Under his leadership, Godrej Group has grown to great heights and has built a strong presence in the international market. Godrej has an array of popular consumer products under its belt, including Cinthol, Godrej Expert hair colour, Good Knight, BBLUNT, and Nature’s Basket.
5. Wipro
Wipro is a multinational company that specialises in services pertaining to information technology, consulting and business process. Apart from that, Wipro is also a manufacturer of many popular soaps like Santoor, Yardley, and Aramusk. The company was established by Mohamed Premji in 1945 as “Western India Palm Refined Oil Limited”, abbreviated as Wipro.
Its present chairman, Azim Premji is informally known as the Czar of the Indian IT industry, and the title couldn’t be more apt.
He is the man behind Wipro’s enormous growth and diversification into various sectors, which has led the company to establish itself as one of the global leaders in the software industry. A Stanford alumnus, he is currently the second richest person in India and is a recipient of Padma Bhushan and Padma Vibhushan awards.
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