multinational corporation (MNC)

A multinational corporation (MNC) or transnational corporation (TNC), also called multinational enterprise (MNE), is acorporation or an enterprise that manages production or delivers services in more than one country. It can also be referred as aninternational corporation. The International Labour Organization (ILO) has defined an MNC as a corporation that has its management headquarters in one country, known as the home country, and operates in several other countries, known as host countries.

Tuesday, June 1, 2010

Mnc-Vodafone Essar

Vodafone Essar started its operations in India in 1994 and is under the Vodafone Group. The company Vodafone Essar Limited has become one of the leading companies in the telecom sector in India due to its high standard of services that it provides to its customers.The company Vodafone Essar has its operations in 16 telecom circles of the country, which covers around 86% of the customer mobile base in India. The company offers both postpaid and prepaid GSM cellular mobile coverage all across India and its hold is especially strong in the metropolitan cities. The company Vodafone Essar Limited provides services like 2G, which are based on 1800Mhz and 900Mhz GSM digital technology. The company Vodafone Essar also offers voice and data services.

Vodafone Essar Limited has received many awards over the years such as the Best Mobile Service in India, Most Effective and Most Creative Advertiser of the Year, and Most Respected Telecom Company. The company Vodafone Essar Limited's chairman is Asim Ghosh, vice chairman is Arun Sarin, and non- executive chairman is Ravi Ruia. The Vodafone Essar subscriber bases in the cities of India are:
  • Kolkata - 1,632,875
  • Mumbai - 2,989,970
  • Delhi - 3,002,442
  • Chennai - 981,996
The company Vodafone Essar Limited plans to spend more than Rs.250 crore in launching low price cell phones in India. The company's objective in doing this is to bring in millions of cheap mobile handsets from around the world into the country and then sell them under the Vodafone brand name in order to maximize sales. It is expected that the company Vodafone Essar Limited will price the handsets in the range of Rs.666, Rs.999, and Rs.888. In this way the company expects to attract new customers and thus expand its customer base that stands at 35 million in 2007. 

Vodafone Essar plans to sell the low price handsets from its 4 lakhs distribution outlets. The company will buy the low cost cell phones from the firm ZTE that is located in China. The Company ZTE will ship more than 10 million low cost cell phones to India that will then be sold by the company Vodafone Essar. Vodafone Essar Company also has plans to expand in the near future and for this it is planning to take a loan overseas of around US$ 500 million. The company Vodafone Essar Limited will use the money to expand the company's network, better its technology, and open more distribution centers. All these measures will help to increase the customer base of the company Vodafone Essar. 

Vodafone Essar is one of the topmost companies in the telecom sector in India and is well known for the best quality of products and services offered to its customers. And this is the reason that the customer base of the company Vodafone Essar Limited has been increasing at a very rapid pace. The company is planning to launch low price cell phones in the country and also expand its operations. This is sure to help the company Vodafone Essar to grow and prosper even more in the future.

Mnc-LG India


LG India has been set up with the aim to acquire a leading position in the global digital market by applying fast and innovative techniques in the manufacturing of products. Also, it aims to meet the maximum requirement of consumers and give them the optimum service required. 

LG Electronics has been set up in India with a vision to rise high in the electronic equipments industry. The chief aim of LG India is to enhance its domestic market by inventing new electronic devices in state-of-art form with the best technology possible. The price range of the products of LG India is quite reasonable and affordable so as to make it easier for every class of people to go for it thereby increasing the consumer level. LG India manufactures products of high digital innovativeness to satisfy the needs of its consumers not only in the domestic market but all across the globe. The upcoming goal set by LG India for its growth is to be among the top three brands in terms of electronic devices, information, and telecommunication companies in the world. The three main capabilities of LG India are product leadership, people leadership, and market leadership that will intensify the company's abilities for teamwork. One of the recent targets of LG India is to attain its goal of doubling the sales volume and profit by 2010.

Some of the most eminent and profitable products manufactured by LG India are listed as:
  • FLAT PANEL DISPLAY
  • COLOUR TELEVISION
  • DIGITAL AUDIO VIDEO
  • COMPUTER PRODUCTS
  • MOBILE PHONE
  • REFRIGERATOR
  • WASHING MACHINE
  • VACUUM CLEANER
  • MICROWAVE OVEN
  • ROOM AIR CONDITIONER
  • COMMERCIAL AC
These products of LG India have their own sub-products as well. The sub-products of LG Flat Panel Display are LCD TV and Plasma TV. The sub-products of LG Color Television include Slimagic and Flatron TV, Digital Audio Video consists of 6.1 inch AV receiver, Home Theater System, Music System, and DVD Player. LG Computer Products include Notebook PC, Desktop PC, Monitor, and Optical Storage Device. Mobile Phones of LG India comprise of brand names like Shine, Dynamite, Pulse, and Bullet. The Refrigerator products of LG India comprise of Side-by-Side Refrigerator, Frost Free Refrigerator, and Direct Cool Refrigerator. LG Washing machine has a range of Dish Washer, Washer Dryer, Front Load Washing Machine, Top Load Washing Machine, and Semi Automatic Washing Machine. The Microwave Oven range of LG India includes Solardom Microwave, Convection Microwave, Grill Microwave, and Solo Microwave. The range of LG Room Air Conditioner in India includes Split Inverter AC, Split Art Cool AC, Floor Standing AC, Multi Split AC, Hot and Cold AC, Split AC, and Window AC. The last product, that is the Commercial AC range of LG India comprise of Ductable Type AC, Cassette Type AC, Multi V Plus (VRF), MPS, and ECO. 

LG India is working hard on its R & D unit in order to generate products of superior value technology along with a unique style for each of its products. It has won a number of awards for its state-of-art form of manufacturing products and this had really boosted up the company's flourishing electronic industry further. 

Mnc-Samsung India


Samsung India has its headquarter in Delhi and is a portion of Samsung's South West Asia Regional operations. It has around 55 sales and marketing units located all over India and enjoys a sales turn over of more than USD 1 billion which it achieved in just few years. 

Mr. H.B. Lee is the president and CEO of the South West Asia headquarters of Samsung and is also involved in monitoring the production units located in Nepal, Maldives, Bhutan, Bangladesh, and Sri Lanka. He looks after the business units in India as well. The manufacturing unit of Samsung India is largely involved in manufacturing color televisions, refrigerators, color monitors, and also washing machines. The manufacturing unit of Samsung India has been set up in Noida, near Delhi. The products that are exclusively manufactured by the manufacturing unit of Samsung in India, that is the Noida unit, are exported to the foreign countries especially in the Middle East and CIS and SAARC countries. Samsung India has another manufacturing unit located at Sriperumbudur, Tamil Nadu. This unit provides uniquely modernized manufacturing facilities in its production of Color and LCD televisions. These are absolutely technology-based products of Samsung India that undergo newer innovations with every passing year.
The Noida complex of Samsung India ranks first in the production level among all other Samsung subsidiaries as it possesses an exclusively modernized and automated manufacturing facility. The manufacturing capacities of the products of Samsung India as has been accounted for the year 2004 are as follows:
  • Refrigerator 0.6 million Frost-free and Conventional Refrigerators
  • Color Monitor 1.5 million CRT and TFT LCD Monitor
  • AC 0.4 million Window and Split ACs
  • Washing Machine 0.5 million Fully Automatic and Semi Automatic
  • CTV 1.5 million Curved & Flat TVs
Samsung India is training its marketing team to develop the skills of eco-partnership with the aim to incorporate the eco-friendly attribute in its products as per the ROHS norms. The company is working hard for the amelioration of its product quality and processing activities that will contribute largely in the domestic component industry in India. The localization range of Samsung India at present is more than 50 percent. 

Another very major product manufactured by Samsung India is its IT solutions that include mobile computing solutions, visual display solutions as well as storage and multimedia solutions, and also printing solutions. The company also looks after the IT hardware needs in India. Samsung India has also attained the first brand position in its manufacturing of TFT-LCD technology in the IT manufacturing unit and in this section, Samsung India manufactures a range of products starting from small screen sizes to large format Plasma and LCD screens. Of late, Samsung introduced a variety of CDT monitors for computers with new age applications to explore like gaming options and multimedia facilities. 

Apart from the new age applications, Samsung India is also involved in offering a wide range of multifunction and laser printing solutions, hard disk technology of international standard, optical media solutions along with some R and D labs located in USA and Korea. Samsung India is approaching the acme of success in terms of its state-of-art products that offers superb and long-lasting service to its consumers. Samsung India is not only the best brand among electronic devices in India but it has also paved its way through the global market and also sustained its standard. 

ABN Amro Bank

Presence of ABN Amro Bank

The presence of ABN Amro Bank in India can be dated back to 1920 - having all customized and innovative products to suit the requirements of the customers. The main strategy, with which they work, is to combine a domestic banking environment with that of a global support. That is why delivering world class products and services with the best value become possible. Figures have always been interesting for ABN Amro in India. They boast of assets of more than US $504 billion along with an AA credit rating. They have also been able to gather a place among the top 10 banks in the world in terms of size and strength. The overseas banking network reveals that they have around 3,568 branches and their offices are spread across more than 320 cities and 76 countries and territories. There is more than 100,000 highly qualified staff at present associated with the company. 

ABN AMRO in India

Conventionally, the bank has been known as a strong diamond financing bank. With an expert team of research, sales and trading, equity capital market and M&A advisory, they have been able to be the pioneers in many banking transactions for the corporate and institutional clients. 

Services offered by ABN Amro Bank

  • Transaction banking products
  • Fixed income and foreign exchange products
  • Services including sales and trading
  • Fixed income origination
  • Derivatives
  • Structured lending
  • Commodity financing
For the business banking clients, the bank offers elite services in trade finance, business loans, supply chain management, credit facilities, payment and cash management. All these banking solutions help the small to medium size businesses to augment the cash flow, act as a boosting factor for business efficiency and also take the best advantages of new opportunities.

Products offered by ABN Amro Bank

  • 1.Personal loans
  • 2.Credit cards
  • 3.Savings accounts
  • 4.Financial planning
  • 5.Investment and insurance services
With all these multitude of services and customers from all domains, the bank has the capacity to meet the financial requirements of more than a million personal Banking clients in India. 

Besides consumer banking, the bank has Van Gogh Preferred Banking which helps to create an ambience and relationship viable for the customers. Van Gogh preferred banking services offers a broad range of wealth maximization opportunities. The private banking services in India have in its offering an extensive range of portfolio advisory services. 

The Microfinance program of ABN Amro Bank boasts of being the largest amongst the foreign banking peers. At present they provide their services to 26 MFIs across 16 states in India, catering to more than 390,000 customers. They receive micro financing small loans of USD 200 or less. By the end of 2009, they aim to touch a million customer base.

Hyundai Motors India Limited

The South Korean automobile manufacturer of India, Hyundai Motors is ranked as sixth biggest car maker in the world. Its subordinate, Hyundai Motor India Limited (HMIL), is the second biggest car producer in India with popular brands such as Getz, Sonata Embera, Santro, Elantra, Accent and Tuscon under it. The firm has been certified under ISO 14001 for entailing sustainable eco-friendly administration practices.

About Hyundai Motors India



Initiated in the year 1967, Hyundai Motor Company (HMC), has its headquarters at the capital of South Korea - Seoul. HMC is a segment of Hyundai Kia Automotive Group and administers the world's biggest incorporated vehicle service at Ulsan situated in South Korea.

Hyundai Motor India Limited (HMIL), currently has more than 30 modifications of passenger cars in six sections. The various cars feature in different divisions such as Santro is B type car, Getz a B+ type car, Accent C type, Elantra D type, Tucson SUV type, etc.

In the financial year 2006, the company registered joint sales of 252,861 units with a steady expansion of 17.26%. In a span of 7 and half years, HMIL launched 1,000,000 passenger cars and is recognized as the chief exporter of cars with an annual export turnover of Rs. 1,800 crores.

To expand its business network, HMIL has entered into retail joint venture with many financial organizations in India like Sundaram Finance, Mahindra Finance, HDFC Bank, Punjab National Bank, etc.

Hyundai Motors India - Products



  • Hyundai Accent - Set with improved engine machinery, high-tech design and security features, Hyundai Accent spells style, opulence, control and top performance.
  • Hyundai Tucson - 60,000-mile basic guarantee, multipurpose interior, revamped 2005 Kia Sportage, five doors, etc are some of the features that Hyundai Tucson boast of. A compact intersect SUV, Tucson can be altered between two-wheeled drive and four-wheeled drive. 
  • Hyundai Elantra - India's foremost Luxury Sedan, Hyundai Elantra takes pride of its stylish exteriors and lustrous design. The technical specifications of the car includes Traction Control system, Automatic and improved Brake Force and self regulating suspension system. 
  • Hyundai Sonata Embera: A fifth generation Sonata car, Hyundai Sonata Embera is efficient, chic and has an advanced suspension system. The car is famous for its superb pick-up and speed.
  • Hyundai Getz - recognized for its European appeal, Hyundai Getz is an amalgamation of comfort, expertise and functionality. 
  • Hyundai Verna: Made of contemporary, stylish and sparkling surface, Hyundai Verna is displays grace and flamboyance. Sporty yet luxurious, Verna is rated high in performance level. 
  • Hyundai Santro Xing: Recognized for its power competence and consistency, Hyundai Santro Xing, is an improved version of Hyundai Santro that comes with added characteristics for Indian families.
  • Hyundai Terracan: Grandiose and tough, Hyundai Terracan 2.9CRDT is designed to glide off-road. An indisputably impressive car it can be switched between two-wheeled drive and four-wheeled drive..

Hyundai Motors India - Latest Launches



  • Hyundai I-Series
  • Hyundai i10 Kappa
  • Hyundai i20
  • Hyundai i10 Diesel Variant
  • Hyundai Genesis Coupe
Contact Details

A-30, Mohan Co-Operative Industrial Estate,
Mathura Road, 
New Delhi - 110044
Tel: + (91)-(11) - 41678800
+ (91)-(11)-26924645
Fax: + (91)-(11) - 41678811
Website - www.hyundai-motor.com
www.global.hyundai-motor.com
cr@hmil.net
 

Why are Multinational Companies in India?

Destination India



The multinational companies in India represent a diversified portfolio of companies from different countries. Though the American companies - the majority of the MNC in India, account for about 37% of the turnover of the top 20 firms operating in India, but the scenario has changed a lot off late. More enterprises from European Union like Britain, France, Netherlands, Italy, Germany, Belgium and Finland have come to India or have outsourced their works to this country. Finnish mobile giant Nokia has their second largest base in this country. There are also MNCs like British Petroleum and Vodafone that represent Britain. India has a huge market for automobiles and hence a number of automobile giants have stepped in to this country to reap the market. One can easily find the showrooms of the multinational automobile companies like Fiat, Piaggio, and Ford Motors in India. French Heavy Engineering major Alstom and Pharma major Sanofi Aventis have also started their operations in this country. The later one is in fact one of the earliest entrants in the list of multinational companies in India, which is currently growing at a very enviable rate. There are also a number of oil companies and infrastructure builders from Middle East. Electronics giants like Samsung and LG Electronics from South Korea have already made a substantial impact on the Indian electronics market. Hyundai Motors has also done well in mid-segment car market in India. 

Why are Multinational Companies in India?



There are a number of reasons why the multinational companies are coming down to India. India has got a huge market. It has also got one of the fastest growing economies in the world. Besides, the policy of the government towards FDI has also played a major role in attracting the multinational companies in India. 

For quite a long time, India had a restrictive policy in terms of foreign direct investment. As a result, there was lesser number of companies that showed interest in investing in Indian market. However, the scenario changed during the financial liberalization of the country, especially after 1991. Government, nowadays, makes continuous efforts to attract foreign investments by relaxing many of its policies. As a result, a number of multinational companies have shown interest in Indian market. 

Following are the reasons why multinational companies consider India as a preferred destination for business:



  • Huge market potential of the country
  • FDI attractiveness
  • Labor competitiveness
  • Macro-economic stability

List of Multinational Companies in India



The list of multinational companies in India is ever-growing as a number of MNCs are coming down to this country now and then. Following are some of the major multinational companies operating their businesses in India:

Multinational Companies in India

Multinational companies are the organizations or enterprises that manage production or offer services in more than one country. And India has been the home to a number of multinational companies. In fact, since the financial liberalization in the country in 1991, the number of multinational companies in India has increased noticeably. Though majority of the multinational companies in India are from the U.S., however one can also find companies from other countries as well.