The word retail is derived from a French word “Retailer” which means cutting off, it can be termed as the most primitive activity which is to buy in large quantities and sell in smaller quantities. Retailing business suits the human tendency of exchanging goods and services in exchange for other goods and services, the Barter system. Later money was introduced into the system and the first retail system(trade) began. Money revolutionized the whole process of retailing.
An American author, consultant, and professor, Philip Kotler defined retailing in a precious manner as “Retailing includes all activities involved in selling goods or services to final consumer for personal, non-business use”. Retailing industry in India is booming and growing rapidly especially in urban parts of the country. Retail industry contributes about 10 percentage of the GDP. India is among top 5 retail markets in the world with the population of 1.2 billion. Below is the list of top 10 Indian companies according to their capitalisation.
Below are the top 10 Best Retail Companies In India in 2017-2018
10. Hindustan Unilever
It is owned by a company called Unilever which holds about 67 percent of its shares. As Indian government forbids foreign companies to directly sell to the consumer , instead a wholesale store can be opened by them with an Indian company. The company was named Hindustan Unilever in the year 2007.The company has about 18,000 employees and sells a large number of products. There products mainly includes beverages, Snacks, detergents and other cleaning agents. Sanjiv Mehta is the CEO of Hindustan Unilever. The company capitalises about 183101.45 crore. The company has it’s headquarter in Mumbai , Maharashtra. HUL is announced as the “most innovative company” by Forbes in the year 2014. Due to variety of products HUL products are available in about 6.4 million outlets around the country .They also are extended to about 2 million retail outlets in India. Few of it’s latest launched products are Axe gold temptation, Lakme Lip Love, Knorr Chinese Noodles and many more to come.
9. State bank of India (SBI)
SBI is a public sector bank which provides financial services to people in India and around the globe. Arundhati Bhattacharya is the chairman of SBI. SBI has about 14,000 branches in the country. They also had offices in 36 different countries around the world. The roots of SBI can be found back to British period as it formed by merging 3 banks , as the Bank of Madras merged into 2 banks of Calcutta and Bombay. It was first named as Imperial Bank of India which became State Bank of India in the year 1975. The SBI provides different types of services to people and helps in financial betterment of the people which increase the value of India on a global platform. SBI has a wide network in the country , they also offer financial services to Non-residential Indians (NRIs).They also have about 14 regional hubs and 57 zonal offices that are located at important places in the country. SBI has 18,534 branches in total. It also has about 7 retail banking branches in Singapore and also many in other parts. SBI has many competitors in the form of private sector banks, but SBI till date is a step ahead of other banks. They capitalise about 210037.93 crore
8. Sun Pharmaceutical
The sun pharmaceutical is a multinational company founded by Dilip Shanghvi in Vapi in the year 1983. He is the managing director of the company. Sun pharmaceutical employees about 52,700 people, having it’s headquarters in Mumbai. Their main market is in India and United States. They manufacture and sell pharma formulations and active pharmaceutical ingredients (APIs). During their initial years they introduced only five elements to help psychiatric nurture. Later in the year, 1987 different products were introduced for cardiovascular treatments and also for gastroenterology in the year 1989. Over 72 percent of their sale is from market outside India, which mainly include US. Later the Ranbaxy acquisition in the year 2014 made them the largest pharma company in India also the largest pharma company in US. At present it is the largest chronic prescription company in India. The sun pharma are pioneers in the field of neurology, cardiology, orthopedics and nephrology as well. Today sun pharma is the most profitable pharmaceutical company by market capitalisation in Indian exchange. Sun pharmaceutical has capitalisation of about 229765.30 crore.
Infosys an Indian company which provides services like software engineering, Information technology, outsourcing services and business consulting. Infosys was founded by 7 engineers after their respective jobs in Patni computer system . They have their headquarters in Bengaluru. Infosys the second largest IT service provider in India. They have about 1,93,383 employees as of 15 Jan 2016 working rigorously for advancement in IT sectors. Vishal Sikka is the current CEO and MD of the company. Infosys provides services like software development and maintenance for major banking and insurance companies. One of their landmark projects is Finacle, which is a boon for major banking firms and help them for easy and smooth functions. They target a worldwide market. Infosys capitalises about 23,1600.93 crore.
6. Coal India Limited
Coal India limited (CIL) is an Indian coal mining company controlled by the state. They have their headquarters in West Bengal and Kolkata. Until the year 1956 coal mining was categorized under private sector later government showed interest in coal mining. CIL a public sector company was established on 1st November 1975 for better-organised supply and management of coal throughout the country. CIL started it’s working with 5 subsidiary companies under it and 3 more companies were formed after a time span. CIL is Indian’s 8th most valuable coal mining company in India. The company was later awarded the status of Maharatna by the Union Government of India. CIL has about 333,097 employees working out of which 314,259 were non-executives.They provide all type of coal required throughout the country. CIL being a state owned public sector company serves in India only. From 1975 to 2010 Indian government held 100 percent equity. Later on 10th October, only 10 percent of shares were offered to the public for sale. Coal India limited has the market capitalisation of about 242137.83 crores.
5. Indian Multinational conglomerate
ITC limited or ITC is an Indian Conglomerate which provides various services ranging from Hotels, Business and information technology, moving consumer goods and much more. Yogesh Chander Deveshwar, an Indian businessman, and mechanical engineer is the chairman of ITC. ITC has their headquarters in Kolkata, West Bengal. They have about 25,959 employees working around 60 locations in the country. ITC was also listed in the Forbes 2000. ITC has formed in the year 1910 as the tobacco products oriented company. After 1970s ITC shifted focus to non-tobacco products. ITC also manufactures products like snacks, dairy products, skin care and cosmetics etc. ITC has a market capitalisation of about 257658.88 crores.
4. HDFC Bank
HDFC is an Indian banking and financial company, having its headquarters in Mumbai. It is the largest bank in India by market capitalisation. HDFC has a market capitalisation of about 258157.69 crores. HDFC bank was founded in August 1994 in Mumbai. They had their 1st fully functional branch at Sandoz House, Worli. Later growth of banking sector bloomed and at present, HDFC has 4,555 branches and 12,087 ATMs in the country. They provide a number of services which includes Retail banking, Wholesale banking and different types of loans. HDFC has also taken major steps to reciprocate with their Corporate social responsibility (CSR) which include collaborating with NGOs, Orphanage and other public welfare institutions. They are the market leader in the e-commerce sector. And has various scheme to attract investments. Their main service providing region is India but they also have branches overseas. HDFC was listed 69th by BRAND as the most valuable global brand.
ONGC is a multinational oil and gas company. It governed by Ministry of petroleum and natural gas as it is a public sector undertaking (PSU) by the government of India. ONGC was founded on 14 August 1956 by the government of India. Dinesh K Sarraf is the Chairman and Managing Director of ONGC. The company employees about 33,000 people. Their main products are petroleum, natural gas and other types of fuels. ONGC has headquarters in Tel Bhavan, Dehradun. The government holds 68.94 percent of equity stakes in the company. ONGC became a public held company by offering 20 percent of the equity shares to the public.ONGC has discover 6 commercially producing Indian basins. Well know of this are Assam, Camby basin (Gujarat), Bombay high (Mumbai). Due to this over 5 million ton of hydrocarbon present were discovered. The company mainly works in India, but also has a company outside India named as ONGC Videsh. The company has market capitalization of 728994.53 crore.
2. Reliance Industries Limited
Reliance Industries Limited (RIL) is an Indian conglomerate holding company. Reliance is the 3rd most profitable company in India. The company was co-founded by Dhirubhai Ambani and Champaklal Damani as Reliance Commercial Corporation in the 1960s. Later it was renamed to Reliance Industries Limited in the year 1985. The main interest of the company is in petroleum, communication and other services. The Ambani family holds about 52 percent of total shares while the reaming shares are for the public. Nearly 3 million people hold the shares of RIL. The company has about 24000 employees. Because of their responsible business by the RIL they were awarded as “Responsible Care Company” by the American Chemistry Council in the year 2012. The most talked and famous services provide by RIL was the Reliance Jio offer which included free data and calls for about 1 year. This caused a fierce competition among the telecom service providers leading to make the easy and affordable plans but which caused no effect on the sale of Jio. Being the marketing faint they have market capitalisation of about 285051.72 crore.
1. Tata Consultancy Services
Tata consultancy services limited is an Indian multinational company which provides IT solutions and business solutions. TCS operates in about 46 countries. It was founded in the year 1968 by J.R.Tata, F.C.Kholi. TCS has their headquarters in Mumbai. TCS is ranked 64th by Forbes as the most innovative company. Natrajan Chandrasekharan is the Chairman of TCS and Rajesh Gopinathan is the CEO and MD of the company. The company has main interest in providing IT related services around the globe. TCS offers jobs to Indian computer enthusiasts in the country itself. TCS has 67 sub-companies, they provide wide range of IT solutions, business outsourcing and business related application and development. TCS is the largest private sector company which provides jobs to about 3,78,497 employees. It is ranked 4th according to their number of employees. TCS has attracted more foreign investment in the country which is directly related to the growth of the company and country. TCS has market capitalisation of about 509837.31 crore.
The growth of big retail companies in India is indirectly related to the betterment of the life of common people. The services provided by this companies are touching the life of many people every day. Investment in the retail sector can earn you a handsome amount of profit. The retail business in India is expected to double by 2020 and attract more investors and popularity. Considering an investment in the retail sector is a better option to help yourself.