In this article we are going to discuss about the economic of India, and 10 best economies handle companies in India but before that we have to know the definition of economy. What is economy? What are the benefits of economy and why economy is necessary in this modern and advance world?
Let’s see the answers. basically, operation of a country’s money supply, commercial activities and industry and where they carefully spending of money, time, fuel, etc.; trying to save, not waste something the basic definition of Economic is a social science concerned with the production, distribution, and consumption of goods and services. And it studies how individuals, businesses, governments, and nations make choices about how to allocate resources
An example of economy is One simple way to define the economy: It’s the way people spend money and the way people make money. … The word can refer to a local economy, such as the way people spend and make money in a small town or larger city. It can also refer to the economy of a country or to the way money is made and spent around the whole world.
Now a days there have a lot of companies in the market. Some of them are costly and some are best economy handle companies. Here we discuss about top 10 best companies.
These top 10 Best economy handle companies are
01. Reliance Industries Limited (RIL)
The company is ranked 96th on the Fortune Global 500 list of the world’s biggest corporations as of 2020. It is ranked 8th among the Top 250 Global Energy Companies by Platts as of 2016. Reliance continues to be India’s largest exporter, accounting for 8% of India’s total merchandise exports with a value of ₹1,47,755 crore and access to markets in 108 countries. Reliance is responsible for almost 5% of the government of India’s total revenues from customs and excise duty. It is also the highest income tax payer in the private sector in India.
Reliance Industries Limited (RIL) is an Indian multinational conglomerate company headquartered in Mumbai, India. Reliance owns businesses across India engaged in energy, petrochemicals, textiles, natural resources, retail, and telecommunications. Reliance is one of the most profitable companies in India, the largest publicly traded company in India by market capitalisation, and the largest company in India as measured by revenue after recently surpassing the government-controlled Indian Oil Corporation. On 10 September 2020, Reliance Industries became the first Indian company to cross $200 billion in market capitalization. so this is a best company now a days.
Revenue ₹6,59,205 crore
Number of employees- 195,618
- Jio Platforms
- Jio Payments Bank (70%)
- Reliance Retail
- Reliance Petroleum
- Network18 Group (64%)
- Mumbai Indians
- Alok Industries
- Future Group
- Reliance Foundation Are the subsidaires
02. Tata Consultancy Services (TCS)
Tata Consultancy Services (TCS) is an Indian multinational information technology (IT) services and consulting company, headquartered in Mumbai, Maharashtra, India and largest campus and workforce in Chennai, Tamil Nadu, India As of February 2021, TCS is largest company in the IT sector in the world by Market capitalization of $169.2 billion. It is a subsidiary of the Tata Group and operates in 149 locations across 46 countries.Even though TCS has office buildings in 149 locations, the TCS employees are not currently allowed to enter the office premises due to COVID pandemic and are asked to work from home.
TCS is the second largest Indian company by market capitalisation. Tata consultancy services is now placed among the most valuable IT services brands worldwide. In 2015, TCS was ranked 64th overall in the Forbes World’s Most Innovative Companies ranking, making it both the highest-ranked IT services company and the top Indian company. As of 2018, it is ranked eleventh on the Fortune India 500 list. so this is a best company also
History 0f TCS 1968–2004
On 8 October 2020, TCS surpassed Accenture in market capitalization to become the world’s most-valuable IT company with a market cap of $144.73 billion. On 25 January 2021, TCS again surpassed Accenture briefly, in market capitalization to become the world’s most-valuable IT company with a market cap of $170 billion. The same day, TCS became India’s most valuable company, surpassing AMBANI’S Reliance Industries with a market cap of ₹ 12.55 lakh crore. Mind-blowing performance by TCS.
And you know In April 2018, TCS became the first Indian IT company to reach $100 billion in market capitalization, and second Indian company ever (after Reliance Industries achieved it in 2007) after its market capitalization stood at ₹6,79,332.81 crore ($102.6 billion) on the Bombay Stock Exchange. so this is a best company also
And The BPS division had revenues of US$1.44 billion in FY 2012-13, which was 12.5% of the total revenue.
Locations- India, Oceania, Africa, Europe, North America, south America
Employees – As of Jan 2020, TCS has over 4,00,000+ employees.
Research Development and Design Centre- Pune, in 1981
Innovation Labs- In 2007, TCS launched its co-innovation network, a network of innovation labs, start-up alliances.
03. Hindustan Unilever Limited (HUL)
Hindustan Unilever Limited (HUL) is an Indian consumer goods company headquartered in Mumbai, India. It is a subsidiary of Unilever, an Anglo-Dutch company. Its products include foods, beverages, cleaning agents, personal care products, water purifiers and other fast-moving consumer goods.
HUL was established in 1931 as Hindustan Vanaspati Manufacturing Co. and following a merger of constituent groups in 1956, it was renamed Hindustan Lever Limited. The company was renamed in June 2007 as Hindustan Unilever Limited.
In December 2018, HUL announced its acquisition of GlaxoSmithkline’s India business for $3.8 billion in an all-equity merger deal with a 1:4.39 ratio. However, the integration of GSK’s 3,800 employees remained uncertain as HUL stated there was no clause for retention of employees in the deal. In April 2020, HUL completed its merger with GlaxoSmithKline Consumer Healthcare (GSKCH India) after completing all legal procedures.so this is a best company also
Revenue- 40410 crore
Number of employees- 21000
Brands and products- 20 consumer categories such as soaps, tea, detergents and shampoos amongst others with over 700 million Indian consumers using its products
Food – Annapurna salt and Atta (formerly known as Kisan Annapurna), Bru coffee
04.ICICI Industrial Credit and Investment Corporation of India Bank Limited.
ICICI Bank Limited is a privately owned Indian development finance institution with its registered office in Vadodara, Gujarat, and corporate office in Mumbai, Maharashtra. It offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of investment banking, life, non-life insurance, venture capital and asset management. The bank has a network of 5,275 branches and 15,589 ATMs across India and has a presence in 17 countries.
ICICI Bank is one of the Big Four banks of India. The bank has subsidiaries in the United Kingdom and Canada; branches in United States, Singapore, Bahrain, Hong Kong, Qatar, Oman, Dubai International Finance Centre, China and South Africa as well as representative offices in United Arab Emirates, Bangladesh, Malaysia and Indonesia. The company’s UK subsidiary has also established branches in Belgium and Germany. so this is a best company also
Headquarters- Vadodara, Gujarat,
Number of employees- 84,922
05. Housing Development Finance Corporation (HDFC)
HDFC Bank was incorporated in 1994 as a subsidiary of the Housing Development Finance Corporation, with its registered office in Mumbai, Maharashtra, India. Its first corporate office and a full-service branch at Sandoz House, Worli were inaugurated by the Union Finance Minister, Manmohan Singh.
As of 30 June 2019, the Bank’s distribution network was at 5,500 branches across 2,764 cities. The bank also installed 430,000 POS terminals and issued 23,570,000 debit cards and 12 million credit cards in FY 2017.It have a base of 1,16,971 permanent employees as of 21 March 2020.[
HDFC Bank Limited is an Indian banking and financial services company, headquartered in Mumbai, Maharashtra. HDFC Bank is India’s largest private sector bank by assets and by market capitalization as of April 2021. It is the third largest company by market capitalization on the Indian stock exchanges. so this is a best company also
Headquarters- Mumbai, Maharashtra, India
Revenue- 147,068.27 crore
Number of employees-116357
Products and services- HDFC Bank provides a number of products and services including wholesale banking, retail banking, treasury, auto loans, two-wheeler loans, personal loans, loans against property, consumer durable loan, lifestyle loan and credit cards. Along with this various digital product are Payzapp and Smart BUY
06.Kotak Mahindra Bank Limited
Kotak Mahindra Bank Limited is an Indian private sector bank headquartered in Mumbai, Maharashtra, India. It offers banking products and financial services for corporate and retail customers in the areas of personal finance, investment banking, life insurance, and wealth management. As of February 2021, it is the third largest Indian private sector bank by market capitalization, with 1600 branches & 2519 ATMs.
In 1985, Uday Kotak founded what later became an Indian financial services conglomerate. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the group’s flagship company, received a banking license from the Reserve Bank of India. With this, KMFL became the first non-banking finance company in India to be converted into a bank.
In a study by Brand Finance Banking 500 published in February 2014 by Banker magazine, KMBL was ranked 245th among the world’s top 500 banks with a brand valuation of around US$481 million and brand rating of AA+so this is a best company also
Headquarters- Mumbai, Maharashtra, India
Number of employees-45000
07.State Bank of India (SBI)
State Bank of India (SBI) is an Indian multinational, public sector banking and financial services statutory body headquartered in Mumbai, Maharashtra. SBI is the 43rd largest bank in the world and ranked 221st in the Fortune Global 500 list of the world’s biggest corporations of 2020, being the only Indian bank on the list It is a public sector bank and the largest bank in India with a 23% market share by assets and a 25% share of the total loan and deposits market.
The bank descends from the Bank of Calcutta, founded in 1806 via the Imperial Bank of India, making it the oldest commercial bank in the Indian Subcontinent. The Bank of Madras merged into the other two presidency banks in British India, the Bank of Calcutta and the Bank of Bombay, to form the Imperial Bank of India, which in turn became the State Bank of India in 1955. The Government of India took control of the Imperial Bank of India in 1955, with Reserve Bank of India (India’s central bank) taking a 60% stake, renaming it State Bank of India.so this is a best company also
Revenue- ₹368,010.6492 crore
Number of employees- 249,448
incorporated as Bajaj Auto Finance Limited on March 25, 1987, Bajaj Finance Limited,] a subsidiary of Bajaj Finserv, is an Indian non-banking financial company (NBFC). The company deals in consumer finance, SME (small and medium-sized enterprises) and commercial lending, and wealth management.
Headquartered in Pune, Maharashtra, the company has 294 consumer branches and 497 rural locations with over 33,000+ distribution points. The company reported a pre-tax profit of Rs.626 crores and a post-tax profit of Rs.408 crores[ so this is a best company also
Revenue- US$715 million
Infosys Limited is an Indian multinational information technology company that provides business consulting, information technology and outsourcing services. The company is headquartered in Bangalore. Infosys is the second-largest Indian IT company after Tata Consultancy Services by 2020 revenue figures and the 602nd largest public company in the world according to Forbes Global 2000 ranking. On 31 December 2020, its market capitalisation was $71.92 billion. The credit rating of the company is A− (rating by Standard & Poor’s).
In July 2014, Infosys started a product subsidiary called EdgeVerve Systems, focusing on enterprise software products for business operations, customer service, procurement and commerce network domains. In August 2015, the Finacle Global Banking Solutions assets were officially transferred from Infosys and became part of the product company Edge Verve Systems product portfolio. so this is a best company also
Products and services
- Panaya Cloud Suite
- good Services
- Digital Marketing
- NIA – Next Generation Integrated AI Platform (formerly known as Mana)
- Infosys Consulting – a global management consulting service
- Infosys Information Platform (IIP) – Analytics platform
Area served- Worldwide
Services- outsourcing consent and it service and managed service
No of total employees – 246346
Wipro Limited is an Indian multinational corporation that provides information technology, consulting and business process services. It is headquartered in Bangalore, Karnataka, India. In 2013, Wipro separated its non-IT businesses and formed the privately owned Wipro Enterprises. Wipro has shifted to Work from Anywhere model since March 2020 so employees can work from anywhere in the world except Wipro office premises due to COVID pandemic.
In March 2021, Wipro acquired Capco, a 22-year-old British tech consultancy firm. [ The deal was completed in April. Wipro has signed an agreement to acquire Amnion for a cash consideration of $117 million so this is a best company also
Products-Health care personal care, lighting and furniture
Services-managed service, product service, its service
Total employees- 34534
I hope this article is helped you to know about some big companies!!