We all know that multinational companies in India are not just opportunities for jobs! But, they are also a great source of revenue for the country! But did you know? The first actual MNC in the world was in India!
Well, some of the greatest MNCs in the world have their offices in India today. Indeed this adds up not only to the finances of our country but also adds foreign value to the work experience of your resume.
Importantly, have you ever thought about what kind of company would be best for you to work for? Is it one of these multinational companies in India or a foreign MNC? Well, don’t worry, I have got you covered! So, let’s quickly have a look at the comparison between multinational companies in India and foreign MNCs to help you choose well.
Multinational Companies in India
Multinational companies in India (MNCs) are big businesses from different countries. They came to India a very long time ago. In the year 1600, the first prominent MNC was the East India Company itself from Great Britain.
Well, it was back in 1991, when India greeted more MNCs which helped the country’s finances grow. Indeed, these companies do lots of things and therefore they have many job opportunities to offer to the people.
Besides, they support the country to connect with the whole world by opening new doors to business opportunities. Here are some examples of top multinational companies in India and foreign multinational companies in the country.
Top Multinational Companies in India
- Tata Group
- Latest Annual Revenue:$150 billion
- Headquarters: Mumbai, Maharashtra
- Reliance Industries
- Latest Annual Revenue:$119.9 billion
- Headquarters: Mumbai, Maharashtra
- Larsen & Toubro
- Latest Annual Revenue:$57.07 billion
- Headquarters: Mumbai, Maharashtra
- State Bank of India
- Latest Annual Revenue:$37.61 billion
- Headquarters: Mumbai, Maharashtra
- ICICI Bank
- Latest Annual Revenue:$27.11 billion
- Headquarters: Mumbai, Maharashtra
- HDFC Bank
- Latest Annual Revenue:$20.39 billion
- Headquarters: Mumbai, Maharashtra
- Infosys
- Latest Annual Revenue:$18.6 billion
- Headquarters: Bangalore, Karnataka
- Bharti Airtel
- Latest Annual Revenue:$17.96 billion
- Headquarters: New Delhi, Delhi
- HCL Technologies
- Latest Annual Revenue:$13.3 billion
- Headquarters: Noida, Uttar Pradesh
- Wipro
- Latest Annual Revenue: $10.8 billion
- Headquarters: Bangalore, Karnataka
Top Foreign Multinational Companies
- Microsoft
- Latest Annual Revenue: $3.042 trillion
- Headquarters: Redmond, Washington, United States
- Indian Headquarters: Hyderabad, India
- Apple
- Latest Annual Revenue: $2.796 trillion
- Headquarters: Cupertino, California, United States
- Indian Headquarters: Bengaluru, India
- Alphabet Google
- Latest Annual Revenue: $2.126 trillion
- Headquarters: Mountain View, California, United States
- Indian Headquarters: Hyderabad, India
- Amazon
- Latest Annual Revenue: $1.964 trillion
- Headquarters: Seattle, Washington, United States
- Indian Headquarters: Hyderabad, India
- Saudi Aramco
- Latest Annual Revenue: $1.933 trillion
- Headquarters: Dhahran, Saudi Arabia
- Indian Headquarters: Gurugram, India
- Walmart
- Latest Annual Revenue: $488.58 billion
- Headquarters: Bentonville, Arkansas, United States
- Indian Headquarters: Gurgaon, India
- China National Petroleum (PetroChina)
- Latest Annual Revenue:$421.4 billion
- Headquarters: Beijing, China
- Indian Headquarters: Mumbai, India
- UnitedHealth Group
- Latest Annual Revenue: $379.487 billion
- Headquarters: Minnetonka, Minnesota, United States
- Indian Headquarters: Mumbai, India
- ExxonMobil
- Latest Annual Revenue:$341.10 billion
- Headquarters: Irving, Texas, United States
- Indian Headquarters: Bengaluru, India
- Shell
- Latest Annual Revenue: $233.03 billion
- Headquarters: The Hague, Netherlands
- Indian Headquarters: Delhi, India
Multinational Companies in India v/s Foreign Multinational Companies
● Working Hours
Multinational Companies in India may stick to the standard working hours. Thus, generally, these timings range from 9 am to 6 pm.
Unlike Indian MNCs, Foreign MNCs may not stick to any specific timings. They may favor going according to global standards. Additionally, they offer flexible hours for working. Also, to adapt to the international markets, they have different shifts.
● Benefits and Perks
The benefits and perks of the multinational companies in India are customized according to the local practices and needs such as transportation and bonuses for festivals etc.
Nevertheless, foreign multinational companies often give benefits according to global standards. And, the benefits may include an opportunity for international trips, retirement plans, and health insurance.
● Company Reputation
Undoubtedly, Indian companies are always recognized for their contributions not only to the local economy but also to society. Therefore, multinational companies in India have a strong reputation within the country.
Differing from the Indian MNCs, these foreign multinational companies are always perceived as more prestigious because of the recognition of the brand worldwide. This global presence adds extra value to the name of the company and the resumes of the employees working there.
● Work Environment
The work environment of multinational companies in India is mostly traditional and class-conscious. Undoubtedly, here the positions are graded based on quality, ranks of the position, and the size of work designated.
Indeed, foreign MNCs present a more vibrant and active work environment. Due to the mix of different cultures and practices, there is diversity in the work environment.
● Company Values
Multinational companies in India prioritize and resonate with the values of Indian cultures and social standards. In addition, this makes it easy for people in the country to work here without feeling left out.
Without a doubt, foreign multinational companies focus more on corporate values with global standards. And, they spotlight matters like innovation, diversity, and sustainability.
● Recognition and Appraisal
The recognition and appraisal of employees at multinational companies in India are based mainly on the seniority of the members of the workforce and their loyalty to the company.
In contrast to Indian MNCs, foreign multinational companies prefer recognition and appraisal be given to the employee based on their performance. Therefore, they follow clear metrics, and the appraisals are done regularly.
● Work-life Balance
The Indian MNCs these days are concentrating on giving the employees a better work-life balance. But, this may differ widely from company to company.
Nevertheless, foreign multinational companies prioritize work-life balance by setting policies for the employees. And, their policies also include options for remote working and wellness programs.
Indeed it’s always good to research and consider these aspects before making any important decision especially to meet your career goals!
End Note
As we conclude our journey of the right choice for you, we realize this comparison is important for everybody. Between multinational companies in India and a foreign MNC always remember that your career safari is truly yours! So always consider your values, passions, and resonation with the company ethics before choosing your path.
These multinational companies in India have not just set up their businesses, but have become a part of us. Either considering doing a job or simply being interested in global numbers, directly or indirectly you are all connected to these MNCs. They have woven themselves into the fabric of India’s economy!
So, let’s cherish these extraordinary revenue generators by making mindful decisions and choosing the right options always. Indeed, not just for the sake of jobs but for the sake of being a useful asset to the economy of our country!
