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5 Indian companies lead in global race
Indian companies, like their Western counterparts, are becoming more global with mergers and acquisitions.
The Indian School of Business, Hyderabad, and Brazil's Fundacao Dom Cabrall have released the results of their joint survey on which Indian companies are truly international when it comes to global presence.
The survey covers the period from FY 2008-09 to FY 2010-11.
The Transnational 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 have a look at some of the Indian companies that have been rated high on the Index.
NOTE: These companies have international asset base of less than $500 million and are not ranked in the Index's top 20.
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5 Indian companies lead in global race
Core Education and Technologies Ltd
TNI rank: 1
Asset rank: 32
TNI: 84 percentage
Revenue FY 2010-11 (total): $222 million
Revenue FY 2010-11 (foreign): $218 million
Assets FY 2010-11 (total): $443 million
Assets FY 2010-11 (foreign): $360 million
Employees FY 2010-11 (total): 1,194
Employees FY 2010-11 (foreign): 850
Core Education and Technologies is India's largest global education company that provides technology enabled education solutions for the entire education continuum of K-12, higher education and vocational education to government bodies, universities, schools and students.
It has presence across 12 states in India, 46 states in the United States, 40 LEA and institutions in the United Kingdom, eight African and three Caribbean countries.
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5 Indian companies lead in global race
Polyplex Corporation Ltd
TNI rank: 2
Asset rank: 27
TNI: 66 percentage
Revenue FY 2010-11 (total): $499 million
Revenue FY 2010-11 (foreign): $384 million
Assets FY 2010-11 (total): $628 million
Assets FY 2010-11 (foreign): $453 million
Employees FY 2010-11 (total): 1,420
Employees FY 2010-11 (foreign): 690
Polyplex is the world's fourth-largest producers of thin polyester film. It has manufacturing facilities in India, Thailand and Turkey and exports its products to the United States, Europe, South-East Asia, South America, and Australia.
With a mix of Greenfield projects (Thailand and Turkey) and acquisitions (US), Polyplex has steadily grown to become a truly internationalised firm.
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5 Indian companies lead in global race
Subex Ltd
TNI rank: 3
Asset rank: 50
TNI: 61 percentage
Revenue FY 2010-11 (total): $98 million
Revenue FY 2010-11 (foreign): $62 million
Assets FY 2010-11 (total): $214 million
Assets FY 2010-11 (foreign): $167 million
Employees FY 2010-11 (total): 1,051
Employees FY 2010-11 (foreign): 422
Subex Limited provides solutions in the areas of business support systems and operations support systems for telecom applications worldwide.
Subex's customers include 16 of top 20 wireless operators worldwide and 26 of the world's 50 biggest telecommunications service providers.
The company has more than 300 installations across 70 countries. Its acquisitions in the last five years include Azure Solutions (UK, 2006), Syndesis (2007, Canada).
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5 Indian companies lead in global race
Strides Arcolab Ltd
TNI rank: 4
Asset rank: 31
TNI: 52 percentage
Revenue FY 2010-11 (total): $345 million
Revenue FY 2010-11 (foreign): $333 million
Assets FY 2010-11 (total): $897 million
Assets FY 2010-11 (foreign): $367 million
Employees FY 2010-11 (total): 2,700
Employees FY 2010-11 (foreign): 500
Strides Arcolab is a first generation, pharmaceutical company with business interests in specialty pharmaceuticals and generics.
It has manufacturing operations in six countries (the US, Brazil, Mexico, Italy, Poland and Singapore), an innovative R&D hub in Bangalore and a marketing network in 70 countries.
In the United States and Canadian markets, the company partners with generic companies to supply retail and hospital generics in injectable products and softgels.
It has similar presence and partnerships in the European markets, Australia, New Zealand and South Africa.
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5 Indian companies lead in global race
Manaksia Ltd
TNI rank: 5
Asset rank: 52
TNI: 51 percentage
Revenue FY 2010-11 (total): $294 million
Revenue FY 2010-11 (foreign): $204 million
Assets FY 2010-11 (total): $399 million
Assets FY 2010-11 (foreign): $187 million
Employees FY 2010-11 (total): 3,355
Employees FY 2010-11 (foreign): 1,276
Manaksia Limited engages in the manufacture and sale of metal products, packaging products, and fast moving consumer goods.
The company has now diversified into the production of rolled products, secondary specification alloys and galvanised steel.
It has 15 manufacturing plants in India and three abroad; two in Nigeria and one in Ghana. The company's wholly owned subsidiary in Nigeria, MINL Limited, was set up in 1996.
The company also has subsidiary companies in Ghana (Dynatech Industries Ghana Limited) and Dubai (Euroasian Ventures FZE).