Indian companies have become the show stealers in the corporate world in recent times. They are gaining the upper hand in all the sectors of which they are a part of. They have got good global markets and reach and enjoy the credibility of the outside world. Indian companies have become superior competitors, they are able to seal deals and at the same time they have become good partners to their global friends. The most important and recent scenario is the acquisition spree of Indian companies.
This has become one of the vital avenues for them to make their presence felt at a global level. The world has seen certain landmark acquisitions by Indian companies in the recent past like TATA Steel-Corus, Airtel-Zain, HINDALCO-Novelis and many such are still in the pipeline. Though it is said in history that “India has never invaded any country”, the trend is now changing in a different way.
Though India was initially seen only as a market to sell their output by many foreign countries, the trend has now changed that Indian companies are ruling the global markets. Information Technology and Business Process Outsourcing are two important sectors contributing to the development of Indian companies and other vital sectors include Petroleum and Oil, Banking, Steel and Telecom.
The growth of these companies can be evidently seen through various surveys and rankings. For instance as many as 56 Indian companies, including Reliance Industries, State Bank of India, ONGC, ICICI Bank, Tata Steel , Bharti Airtel, to name a few have been named among the world's 2,000 most powerful listed companies, according to US magazine Forbes. It can be said that the future can expect more Indian companies to rule the corporate world.
