Top 10 Conglomerates in India 2016

Published by MBA Skool Team, Last Updated: June 30, 2016

India, being a developing nation with conglomerates established decades ago, has a significant number of conglomerates which operates in diverse sectors across the globe. The top Indian conglomerates include Tata Group, Aditya Birla Group, Reliance Industries, Essar Group & Bharti Enterprises, along with brands like O P Jindal Group, Larsen & Toubro, Adani Group, Mahindra Group & Reliance Anil Dhirubhai Ambani Group. Here is the list of top 10 conglomerates in India in 2016.


10. Reliance Anil Dhirubhai Ambani Group

Reliance Anil Dhirubhai Ambani Group was part of Dhirubhai ambani group before it was segregated as Reliance ADA group in 2002.


Image: company website

The business portfolio of the Reliance ADA group includes Power, telecommunications, infrastructure and services. Reliance communications, one of Flagship Company in Reliance ADA group, is an integrated telecom service provider, and is one of the leading brand names in the India.

It has a customer base of 118 million which includes 2.8 million overseas customers. Reliance communications has India’s widest network coverage with its presence in 21,000 cities and 4 lakh villages. It has pan-India operations which includes wireless, wired-DTH service, voice and Internet communication services. Reliance Infra has its operations in generation, transmission and distribution of Power, Engineering Procurement and Construction (EPC) of power plants, and development projects such as roads, metro rail and bridges. Reliance power has distribution license in major metro cities such as Mumbai and Delhi. Reliance cement currently has 5.8 MTPA capacity in operations in the state of Madhya Pradesh, Maharashtra and Utter Pradesh. RInfra has commissioned Metro rail project in Mumbai in 2014, which provides one of the fastest connectivity between east and west region. It has 12 kms elevated rail line which reduced the travel time substantially. RInfra has also established its footprint in defense sectors through its acquisition of Pipavav defence & offshore engineering.


Reliance Entertainment is one of flagship motion picture arm with significant presence in film production and distribution. Reliance ADA group has stakes in broadcasting and media ventures. It produces films in Hindi, English and other Indian languages. Reliance capital has been a most valuable and leading financial service provider in India. Reliance capital has its operations in asset management, life and general insurance, equity and commodity business and mutual funds.

Revenue: $ 8.85 billion

9. Mahindra

From mining to media & entertainment, Reliance industries limited is delivering leading performance in industry through operational efficiency and efficient utilization of resources.


Image: flickr-photos/juanelo242a/

The company has been committed to growth of India towards economic and social well-being, remains committed to innovate and invest in India. Mahindra group was founded as a steel trading company on 1945 and later moved into manufacturing automobiles, and has been a pioneer in India as a leading conglomerate. Since then, Mahindra group has been growing and expanding into diverse sectors under the leadership of K.C and J.C. Mahindra. The major sectors in which Mahindra group has its presence are Farm equipments, Information Technology, Manufacturing, Financial services, Clean energy and Defense. Mahindra Group employs more than 200,000 people across the globe and has been among the Forbes Global 2000 most Powerful Companies.

Mahindra has pioneered in designing India’s first multi-utility vehicle and providing non-banking financial services in rural part of India. Mahindra is the only tractor manufacturer to receive the most prestigious Deming Prize and the Japan Quality Medal. Mahindra Reva ranked among the world’s top 50 Most Innovative Companies in 2013. Mahindra group has a strong leadership which received “India’s Best Boards” in the 2014 Economic Times-Hay Group survey and ranked as Top ten Best Companies for Leadership by Hay Group.

Mahindra group has its share of contribution towards creating 600 million Unique Identification Numbers - Aadhaar for the Government of India in 2015, which was identified as a largest identity management program in the world. The program empower poor people in India to access government services. Mahindra produced its fifth millionth vehicle in its automotive plant at Mumbai.

Mahindra group profit before interest and tax stands at 4,868 Crore rupees in which automotive sector contributes 38%, followed by farm equipments at 33%.

Revenue: $ 11.62 billion

8. Adani Group

Adani Group has been a global integrated conglomerate with its businesses primarily focus on verticals such as logistics, energy infrastructure and resources.


Image: company website

Adani group has adapted an integrated model to cater to the growing infrastructure needs of the developing countries. The group has its footprints in the agri-infrastructure by establishing cold storage and grain storage facilities, and has a diversified business spread across the entire nation. Adani group, founded as a commodity trading company in 1988, has started expanding and diversifying by establishing Mundra port which is one of the largest port in India in the early 1990’s. Adani group has been trading and importing coal from many countries across the world apart from operating few mines in India. It has a thermal coal extraction capacity of 4 MMT in 2014 and striving to achieve 200 MMT per annum in 2020. It has its presence in seven ports in India apart from Mundra.

Since its inception, Adani group companies has been growing and attain top positions in the market. Fortune brand oil is the market leader in the edible oil business, Adani power is the largest private thermal power producer and also the largest single location thermal; power producer in India, Adani port is the port operator in India, Adani group is the largest coal trader in India and the largest integrated infrastructure conglomerate in India. Adani reality is real estate arm of the group, developing over 68 million square feet of real estate across India. Adani group has over 10,00 people working across the globe. Adani foundation drive the group’s corporate social responsibility by investing 3% of profit in education, health, livelihood and rural infrastructure. It covered 5 states and 1400 cities and villages across India.

Revenue: $ 11.72 billion

7. Larsen & Toubro

Larsen & Toubro engages majorly in high impact core sectors such as heavy engineering, aerospace, infrastructure, ship-building, electrical & automation, mining and metallurgy.


Image: company website

The company has its manufacturing units and supply chain all across the world. Larsen & Toubro has major contributions to the infrastructure development in many countries, and also in the fields of the contributions are technology contribution in developing satellite to mars & moon, building nuclear-powered submarine, largest coal-gasifier unit and ethane-oxide reactor. Apart from engineering and construction business, L & T has register its footprints through L & T Infotech which is sixth largest India-based global IT services company which also provides IT solutions to group companies. With its aim to create a sustainable environment, the company constructed Green buildings, which helped customers to reduce energy and water consumption, utilize locally sourced construction material and recycled material. Larsen & Toubro is the largest EPC solution provider to install large scale solar power plants and develops small solar lanterns which is powered by solar energy. In addition, the company has a major contribution to construct mono rail in Mumbai and metro rail network in few cities.

The most notable recent projects executed by Larsen & Toubro are Commercial complexes for IT giants such as Cognizant, HCL and iGate, MRD facility for Boeing, AIIMS buildings at Bhubaneswar and Jaipur, Factory establishments for Maruti Suzuki and North Central Railway. Larsen & Toubro, predominantly engaged in engineering & construction processes, has a robust growth in overseas revenues and execute projects consistently on track. Larsen & Toubro group revenue from operations stands at 1026317 million rupees as against 927617 million rupees in previous year with a growth rate of 10.6%.

Revenue: $ 15.28 billion

6. O P Jindal Group

O P Jindal group is one of the largest Indian conglomerate with businesses in steel, mining, power and ports.


Image: company website

The group was started by Shri O P Jindal who established the indigenous single unit steel plant in 1952, and has ever since been a leader in India. From mining coal and iron ore, the group has diversified its portfolio in steel, power and logistics, and the group also explores high value metals, diamonds and minerals. The Jindal group also laid its footprints in petroleum exploration. At present, the group has its manufacturing facilities at United States, United Kingdom and Indonesia apart from mining facilities in Chile and Mozambique. With its commitment to develop a sustainable environment and create benchmark in every sectors the group is into, group has invested in Greenfield projects with advanced technology to reduce energy consumption. The Group has established O. P. Jindal Centre to train and improve skill-set of young people to provide employment opportunities.

The O P Jindal group employs over 50,000 people across the countries it serves. With its strong focus to expand its business, Jindal group is exploring opportunities through acquisition and establishing Greenfield projects. Jindal Steel and Power Limited has power plants in operations with a capacity of over 5000 MW in India. JSPL, which is a part of OP Jindal group, has received many awards and accolades such as Global Environment Award 2015, Global Sustainability Award 2015 and Greentech Gold award for Best safety practices in 2014. JSW Steel is one of the flagship company of O. P. Jindal Group. JSW Steel is one of the global low cost steel producers, and was ranked in the sixth position among most competitive steel maker in the world by World-Class Steelmaker Rankings, 2015.

Revenue: $ 18.48 billion

5. Bharti Group

Bharti group started its business by manufacturing bicycle parts in 1976 and has gone on to become a global brand.


Image: company website

Since its inception, it has diversified its portfolio in telecommunication, retail, financial services and manufacturing. Bharti group’s entrepreneurial spirit and passion drives its businesses which are innovative and transformational, and its brands have not only been leaders in India but have a global footprint as well. With the establishment of Airtel in 1995, Bharti group has undertook a major breakthrough in telecom service. Currently, Airtel is the flagship company in the group and also in the top three wireless telecom service provider in the world. Airtel has its service in 20 countries across Asia and Africa continents. Many mobile manufacturers across globe has partnered with Airtel to establish its growth path. Bharti Airtel has recently crossed 200 million mobile customer in India. Bharti Infratel was established to provide telecom infrastructure and services to companies operating in India and abroad. In recent years, Bharti group has diversified its business in the fast growing Indian economy. It has entered into retail sectors by opening small and medium format retail stores across India, provides general and life insurance to the people in India and serves people through its food business. Bharti Retail establishes esayday stores which cater to the daily needs of a family. Bharti group, through its philanthropic arm – Bharti Foundation, has served over 50,000 underprivileged children in India. The Bharti group has established its presence in mobile internet services, real estate and distribution of telecom & IT products. Reserve bank of India has issued license to Airtel Payment bank limited, part of Bharti Airtel, to start banking network in India. Airtel Payment Bank Limited has become the first company to receive the license.

The chairman of Bharti group Mr. Sunil Mittal has recently received the prestigious Alumni Achievement award from Harvard Business School.

Revenue: $ 19.99 billion

4. Essar Group

Essar group is an Indian conglomerate with its presence majorly in the sector of Steel, Energy, Infrastructure and Services.


Image: Wikimedia

Essar group companies has its global footprints in 29 countries in the continents of Asia, America, Africa and Europe and employ over 60,000 people across the countries. All Essar companies are committed to corporate social responsibility in their respective plant locations, and focuses on quality and customer satisfaction. Through Essar foundation, they executes initiatives in the field of environment, healthcare, agriculture and education to improve the conditions of the community. Essar companies has been strictly adhering to the safety norms and has been certified for standards such as ISO 9001/14001 and OHSAS 18001.

Essar steel is among the leading steel producers in India with a production capacity of 10 million tonnes per year. Essar steel has its operations in Canada with an annual production capacity of 4 million tonnes and in USA with an annual production capacity of 7 million tonnes. Essar steel operates eHypermart, an online platform for steel marketing, where customers buy steel and allied products. Essar Oil has a strong presence in hydrocarbon value chain right from exploration to oil retailing. Being an integrated oil & gas company, Essar oil has the largest refineries in Gujarat with an annual capacity of 20 million tonnes. It also operates 14 million tonne refinery in United Kingdom. Essar Power is one of the leading private power producer in India over two decades with its power plants in India and Canada. Essar power has a generating capacity of 6100 MW with majorly coal and oil based power plants. Essar ports is one of the largest port company with a capacity of 140 million tonnes.

Revenue: $ 35.9 billion

3. Reliance Industries Limited

Reliance Industries Limited, the second largest conglomerate in India by market capitalization, is chaired by Mukesh Ambani since 2002.


Image: Wikimedia

Reliance Industries Limited (RIL) has its presence in refining, exploring oil & gas, retail and media & entertainment. Reliance Industries is the first Indian company to register in Fortune 500 list of ‘World’s Largest Corporations’ and currently ranked at 114 in terms of revenue. RIL operates one of the largest crude processing refineries in the world with a capacity of 1.24 MMBPD. Reliance Industries has offshore and onshore gas exploration units in India and shale gas exploration unit in United States. The retail business has a sustained growth with a compounded annual growth rate of 31% in the last five years. Reliance has 2621 retail stores across 200 cities with 930 stores coming up during this year, increasing its presence across the country. The retail stores sells grocery, apparel and digital products with affordable pricing. Reliance Industries has a futuristic vision by investing over one lakh crore rupees in creating engines for the future, which is considered as the highest ever investment in the history of the company. Reliance Jio Infocomm has an ambition to provide highly reliable 4G network internet services through rich communication and digital services. It has growing its physical infrastructure to serve the purpose.

The financials of Reliance Industries is showing a drop in the last two year due to steep decline in oil prices, which contributes majorly to its group revenue. Reliance Industries records its highest ever consolidated profit during the previous financial year. Reliance Industries has been leveraging its

resources to pursue its strategy to grow and contribute to society.

Revenue: $ 41.8 billion

2. Aditya Birla Group

Aditya Birla group is one of the largest conglomerate in India with business in apparels, chemicals, fertilizers, metals, cement, telecom, Financial and IT services.


Image: company website

Aditya Birla group has over 120,000 employees from 42 countries across globe, and it has over fifty percent revenues from its overseas operations across 36 countries. Hindalco, one of Aditya Group Company, is the largest aluminium rolling company in the world. Hindalco, also produces copper and other metals, has the largest copper smelter in a single location. Aditya group occupies top-notch position in various fields such as carbon black, viscose staple fibre, insulators, acrylic fibre and energy-efficient fertilizers. Aditya group is one of largest Indian MNC with operations in Unites states in which over 95% of workforce are Americans. The telecom company of Aditya group, Idea cellular is among the top three mobile telephony companies in India. Aditya group fashion and retail business sell other brand apparel through brick and mortar service.

With huge focus on businesses, Aditya group has also contributes significantly to the society. It reached out to 7.5 million people in rural areas drives community initiatives through Aditya Birla centre. It also focus on health-care, education women empowerment and infrastructure projects. It has 18 hospitals caters to the need of million villagers. It has also establish Aditya Birla Centre at London Business School. It has transcend the barriers of business to fulfil its duty to facilitate inclusive growth.

Aditya Birla Grasim has a total revenue of over 36,000 crore, Hindalco record a total revenue of 19,200 crore and Idea celluar has a total sales of over 25,200 crores in the financial year 2015-16. These companies contributes majorly to the group revenues.

Revenue: $ 42.1 billion

1. Tata Group

Being India’s largest conglomerate by market capitalization, Tata group has over 100 independently operated companies with its presence in majority of the sectors.


Image: flickr-photos/lorentey/

Tata is pioneering in every sectors with its companies standing amongst the top positions in the sector, and the Tata group operates in over 100 countries across six continents. The emergence of the biggest dynasty was dated back nineteenth century with the vision of improving the quality of life of people. Founded by the visionary late Mr. Jamsetji Tata, Tata group has been striving hard to support people and improve the life of community it serves globally. Tata group companies collectively has a turnover of over 100 billion US dollars and employ over six lakh people worldwide. Tata group has registered its footprint in almost every sector and has been growing to fulfil its vision to serve the community.

Tata group companies has occupied the top-notch position in several sectors. Tata Motors is the largest top 10 automobile manufacturer in the world, Tata communication is the largest wholesale voice provider, Tata Steel is among the top fifteen steel manufacturers in the world, Tata Consultancy Services is the second largest Information Technology service provider in the world, Tata Chemicals is the second largest producer of soda-ash in the world and Tata Power is India’s largest private power company with its portfolio in thermal and renewables such as Hydro, solar and wind. In order to sustain its position, Tata group leverages its innovative technologies, inculcate new ideas and thinking to stay future-ready.

Tata group revenue has been consistently in the growing path with a majority of revenue coming from foreign assets. Tata group has 29 public listed companies which accounts to 8.5 percent of the total market capitalization of Bombay Stock Exchange.

Revenue: $ 114.6 billion

 

Ranking methodology:

1.Top 15 conglomerates of India are chosen based on revenue of 2015

2.Revenue for financial year 2015-16 is considered to rank the conglomerates

3.The quarterly revenues of the conglomerates are collected from their financial statements and calculated its yearly revenue.

4.The top conglomerates are ranked based on their revenue.

This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.

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