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Business Organisations

Overview of Selected Indian Companies

Objective After going through this lesson, you shall be able to understand the following concepts: Corporate history of some selected Indian companies Their management teams Achievements of those companies Market and financial performance of those companies   The Companies we will discuss about in this unit are as follows: Adani Ports and Special Economic Zone Ltd Asian Paints ltd. Axis Bank ltd. Bajaj Auto ltd. Bharti Airtel ltd. Bharat Petroleum Corporation Ltd. Cipla Ltd. Coal India Ltd. Dr. Reddy’s Laboratories Ltd. GAIL (India) Ltd. HDFC Bank Ltd. ICICI Bank Ltd. Indian Oil Corporation Ltd. Infosys Ltd. ITC Ltd. Larsen & Toubro Ltd. NTPC Ltd. Oil & Natural Gas Corporation Ltd. Power Grid Corporation of India Ltd. Reliance Industries Ltd. State Bank of India Tata Sons Limited Wipro Ltd.   Introduction Through a company overview, one can acquire vital business intelligence about an organisation. What businesses it deals into, what are its key products, what processes it follows, who are its customers and suppliers, what is its major competition. These data are studied by various individuals to provide solutions to some critical problems a business may face in future or currently facing. Mostly the following types of analysts require this data; Budget Analysts for forecasting and maintaining profitability of the business Financial Analysts for security, investment and equity analysis. Management Analysts for increasing the overall efficiency. Market Research Analysts for increasing market share and studying customer needs. Now let us understand what factors are usually considered under company overview: Vision & Mission History Management Team Business Portfolio Market Position Financial Performance So much happens on a daily basis in a business environment, various mergers, acquisitions, change in government policies, changes in economic conditions domestically and globally, joint ventures, new markets and sectors coming up. It’s important for a CA student to keep themselves updated with such news. A few renowned brands are discussed below: An overview of the selected Indian Companies Adani Ports and Special Economic Zone Ltd. Since: 1998 Headquarter in Ahmadabad, Gujarat Head of the Company: Gautambhai Shantilal Adani CEO: Karan Gautambhai Adani CFO: Ravi Bhamidipaty   This group holds largest network of ports in India. It supports its logistics business also. It has its ports around 10 locations but one of the most important ones is at Mundra which is India’s only port led multi product SEZ. Revenue of Adani group was 34.86 billion in 2015-16. is their official website.   Asian Paints Ltd. Since: 1942 Headquarter: Mumbai, India Chairman: Ashwin Choksi Present Head (MD & CEO): K B S Anand Chief Financial Officer: Jayesh Merchant Asian paints has 26 factories in world, operates in 19 countries serving customers in almost 65 countries. It was initially set up as a partnership firm by four friends (Champaklal H. Choksey, Suryakant C. Dani, Arvind R. Vakil, Chimanlal N. Choksi). The company has been a market leader in paints since 1967. Asian Paints is the winner of the “Golden Peacock” award in the Paints sector. It is India’s leading; Asia’s 4th largest paint manufacturing company. Berger, Nerolac, etc are its closest competitors. Asian Paints acquired 51% stake in Sleek group, a kitchen solutions provider in August 2013. In June, 2014, Asian Paints acquired the entire front and sales business including Brands, Network and Sales Infrastructure of Ess Ess Bathroom Products Pvt. Ltd which is well known brand in bath segment in India. Revenue in 2015-16 was 15852 crores. It sells products like Interior & exterior wall finishes, enamel and wood finishes. Philosophy of the company: Asian Paints aims to become one of the top five decorative coatings companies world-wide by leveraging its expertise in the higher growth emerging markets. Simultaneously, the company intends to build long term value in the industrial coatings business through alliances with established global partners.     Axis Bank Since: 1993 Headquarter: Mumbai, Maharashtra, India. MD and CEO: Ms. Shikha Sharma Chairman: Mr. Sanjiv Misra Chief Financial Officer: Jairam Sridharan It is 3rd largest private bank with more than 50000 employees, over 3000 branches and 12922 ATMs. It has international offices with their branches in Dubai, Singapore, Colombo and Shanghai. It also has its representative offices at Dubai, Dhaka, Abu Dhabi, and overseas subsidiary in London, UK. It provides services in retail (personal banking, card services, ATM services), corporate (credit, treasury) and international banking (trade finance, risk management solutions). Axis Bank has 10 wholly owned subsidiaries; Axis Capital Ltd., Axis Private Equity Ltd., Axis Trustee Services Ltd., Axis Asset Management Company Ltd., Axis Mutual Fund Trustee Ltd., Axis Bank UK Ltd., Axis Securities Ltd., Axis Direct, Axis Finance Ltd., Axis Securities Europe Ltd. and Axis Treds Limited. Philosophy of the company: Vision: To be the preferred financial solutions provider excelling in customer delivery through insight, empowered employees and smart use of technology. Core Values: Customer centricity, ethics, transparency, teamwork and ownership.   Bajaj Auto Limited Since: 1945 Ownership group: Bajaj Group Headquarter: Pune, Maharashtra, India Chairman: Mr. Rahul Bajaj MD and CEO: Mr. Rajiv Bajaj Chief Financial Officer: Mr. Kevin P D’sa It is a two/three/four wheeler manufacturer company. One of the world’s leading in motorcycles, largest 3 wheeler manufacturer with operations in 50 countries targeting entry level buyers. It has 9000 employees. It was founded by Jamnalal Bajaj in the state of Rajasthan; it became a public limited in 1960. Few of the most popular bikes it manufactures are Avenger, Pulsar, CT 100. Philosophy of the company: Vision: To attain world class excellency by demonstrating value added products to customers.  Mission: Focus on value based manufacturing Continual Improvement Total elimination of wastes Pollution free and safe environment Portfolio of Businesses, Products and Services   Bharti Airtel Limited Since: 1995 Ownership: Bharti Group Headquarter: New Delhi, India Chairman: Mr. Sunil Bharti Mittal MD and CEO: Mr. Gopal Vittal Chief Financial Officer: Mr. Badal Bagri It is a leading telecom company with business spread across 20 countries of the world with over 400 million subscribers. It provides broadband, GSM, 3G, 4G and voice services. It provides employment to more than 25500 people. In 1992, the owners successfully won a bid for one of the 4 mobile phone network licences auctioned in India. In 1995, Bharti Cellular Limited was formed under the brand name Airtel. Within a few years, it could touch a million lives with its versatile services in digital television, mobile voice & data and business solutions. It is the largest mobile network operator in India and the third largest in the world. It had revenue of ₹966.021 billion in 2016. In 2017, Bharti Airtel acquired Tikona Networks’ 4G Business, Bharti Airtel and Millicom signed agreement to combine operations in Ghana and Bharti Airtel to acquire Telenor India.     Philosophy of the company: Vision:  To enrich the lives of customers. The company’s obsession is to win customers for life through an exceptional experience. Mission: Hunger to win customers for life.   Bharat Petroleum Corporation Ltd. Since: 1952 Ownership Group: Government of India Headquarter: Mumbai, Maharashtra, India Chairman: D Rajkumar CEO: S. Varadarajan CFO: P Balasubramanian It is a state controlled oil and gas company. Refineries are located at Mumbai, Kochi, Madhya Pradesh and Assam. The company business is divided in seven SBUs (Strategic Business Units), namely Retail, Lubricants, Aviation, Refinery, Gas, I&C and LPG. Petrocard and Smartfleet are its popular loyalty programs. It has a strong upper hand in producing LPG cylinders. Bharat Petroleum Aviation Fuel Services provides engine oil for domestic and international airlines. Bharat Petroleum Aviation Fuel Services is a preferred supplier of fuel for all major domestic and international airlines in India. It has a significant presence in defence sector also. Its employee count was over 13500 in 2016. It began its operations from a marshland in Mumbai. It was earlier known as Burmah Shell Refineries Ltd. The company’s revenue in 2015-16 was ₹240,367 crores. Philosophy of the company: Vision: Be a model corporate entity with social responsibility committed to energizing lives through sustainable development. Mission: Create a ‘positive impact’ in all the communities where we operate To transform 150 villages from ‘water scarce to water positive’ To enable education of more than 10 lakh children To create a resource of ‘Expert Panels’ on issues pertaining to our thrust areas To encourage employee volunteering through our corporate culture and have a minimum of 10% of employees volunteering in the next five years.   CIPLA Ltd. Since: 1935 Headquarter: Mumbai, India Chairman: Y. K. Hamied MD and CEO: Umang Vohra Chief Finan…

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