Photographs: Kim Kyung Hoon/Reuters
Transnational companies accounted for a quarter of the world's GDP1 in 2010. Companies across the world are accelerating their attempts to internationalise and Indian companies have followed suit in the last decade.
The Indian School of Business, Hyderabad, and Brazil's Fundacao Dom Cabrall have released the results of their joint survey on the Ranking of Indian Transnational Companies.
It is the first time such a systematic ranking is being attempted in India using a globally accepted, multi-dimensional measure of internationalisation viz., the Transnational Index.
This survey, which was released by Raveendra Chittoor, Assistant Professor of Strategy, Indian School of Business, in Mumbai on Wednesday, covers the period from FY 2008-09 to FY 2010-11.
The Transnationality Index uses a combination of three measures to determine the degree of internationalisation of companies:
i) Percentage of international assets - consolidated international assets/consolidated total assets.
ii) Percentage of international revenues - consolidated international revenues/consolidated total revenues.
iii) Percentage of foreign employees - total number of foreign employees/total number of employees.
Let's take a look at which 20 companies are truly global.
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20 Indian companies that are most global
Photographs: Punit Paranjpe/Reuters
Tata Steel Ltd
Main industry: Manufacture of iron and steel
Type of company: Private business group affiliate
Foreign assets: $14,274 million
Rank: 1
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20 Indian companies that are most global
Photographs: Philippe Wojazer/Reuters
Bharti Airtel Ltd
Main industry: Telecommunication services
Type of company: Private sector
Foreign assets: $13,665 million
Rank: 2
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20 Indian companies that are most global
Photographs: Danish Siddiqui/Reuters
Tata Motors Ltd
Main industry: Manufacturer of automobiles
Type of company: Private business group affiliate
Foreign assets: $10,395 million
Rank: 3
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20 Indian companies that are most global
Photographs: Punit Paranjpe/Reuters
Hindalco Industries Ltd
Main industry: Manufacturer of aluminium
Type of company: Private business group affiliate
Foreign assets: $8,333 million
Rank: 4
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20 Indian companies that are most global
Photographs: Amit Dave/Reuters
Oil and Natural Gas Corp Ltd
Main industry: Oil exploration and refining
Type of company: Government owned
Foreign assets: $5,151 million
Rank: 5
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20 Indian companies that are most global
Photographs: Amit Dave/Reuters
Suzlon Energy Ltd
Main industry: Manufacturer of wind power generators
Type of company: Private sector
Foreign assets: $4,189 million
Rank: 6
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20 Indian companies that are most global
Photographs: Vivek Prakash/Reuters
Reliance Industries Ltd
Main industry: Manufacturer of petrochemicals
Type of company: Private business group affiliate
Foreign assets: $3,901 million
Rank: 7
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20 Indian companies that are most global
Photographs: Adnan Abidi/Reuters
Reliance Communications Ltd
Main industry: Telecommunication services
Type of company: Private business group affiliate
Foreign assets: $2,694 million
Rank: 8
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20 Indian companies that are most global
Photographs: Vivek Prakash/Reuters
Tata Consultancy Services Ltd
Main industry: Software services
Type of company: Private business group affiliate
Foreign assets: $2,373 million
Rank: 9
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20 Indian companies that are most global
Photographs: Stringer/Reuters
Tata Power Company Ltd
Main industry: Generation and distribution of power
Type of company: Private business group affiliate
Foreign assets: $1,934 million
Rank: 10
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20 Indian companies that are most global
Photographs: Vivek Prakash/Reuters
Mahindra & Mahindra Ltd
Main industry: Manufacturer of automotive and farm equipment
Type of company: Private business group affiliate
Foreign assets: $1,881 million
Rank: 11
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20 Indian companies that are most global
Photographs: Laszlo Balogh/Reuters
Tata Chemicals Ltd
Main industry: Manufacturer of chemicals and fertilisers
Type of company: Private business group affiliate
Foreign assets: $1,829 million
Rank: 12
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20 Indian companies that are most global
Photographs: Vivek Prakash/Reuters
Infosys Technologies Ltd
Main industry: Software services
Type of company: Private sector
Foreign assets: $1,637 million
Rank: 13
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20 Indian companies that are most global
Photographs: Tanushree Punwani/Reuters
HCL Technologies Ltd
Main industry: Software services
Type of company: Private sector
Foreign assets: $1,486 million
Rank: 14
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20 Indian companies that are most global
Photographs: Vivek Prakash/Reuters
Punj Lloyd Ltd
Main industry: Diversified conglomerate
Type of company: Private business group affiliate
Foreign assets: $1,266 million
Rank: 15
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20 Indian companies that are most global
Photographs: Michaela Rehle/Reuters
United Spirits Ltd
Main industry: Manufacture of alcoholic beverages
Type of company: Private business group affiliate
Foreign assets: $1,192 million
Rank: 16
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20 Indian companies that are most global
Photographs: Jayanta Dey/Reuters
Larsen & Toubro Ltd
Main industry: Conglomerate with businesses in construction, engineering, IT and financial services
Type of company: Private sector
Foreign assets: $1,168 million
Rank: 17
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20 Indian companies that are most global
Photographs: Jason Lee/Reuters
Tata Global Beverages Ltd
Main industry: Manufacturer of tea and other beverages
Type of company: Private business group affiliate
Foreign assets: $905 million
Rank: 18
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20 Indian companies that are most global
Photographs: Ronen Zvulun/Reuters
Dr Reddy's Laboratories Ltd
Main industry: Manufacturer of pharmaceuticals
Type of company: Private sector
Foreign assets: $874 million
Rank: 19
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20 Indian companies that are most global
Photographs: Ronen Zvulun/Reuters
Jubilant Life Sciences Ltd
Main industry: Manufacturer of pharmaceuticals
Type of company: Private sector
Foreign assets: $662 million
Rank: 20
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