| Date post: | 15-Sep-2014 |
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Business |
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INDIA'S 10 FASTEST GROWING COMPANIES
Lot of companies are emerging up in India and slowly growing with addition of new entrepreneurial ventures. Some make it big, some slug behind. Let’s take a look at the fastest growing companies in India.
1. Jindal Steel & Power
Jindal Steel and Power Limited (JSPL) is an Indian steel and energy company based in New Delhi, India and a division of Jindal Group conglomerate. Its annual turnover of over US$4 billion, Jindal Steel & Power Limited (JSPL) is a part of about $12 billion diversified O. P. Jindal Group. The company produces steel and power through backward integration from its own captive coal and iron-ore mines. However, in terms of tonnage, it is the third largest steel producer in India. The company manufactures and sells sponge iron, mild steel slabs, ferro chrome, iron ore, mild steel, structural, hot rolled plates and coils and coal based sponge iron plant. The company is also involved in power generation.
2. Adani Ports
Adani Ports and Special Economic Zone Limited (APSEZ) is India’s largest private multi-port operator. APSEZ is a part of the Adani Group, a global integrated infrastructure player. The company (earlier known as Mundra Port & Special Economic Zone Ltd) changed its name to “Adani Ports and Special Economic Zone Limited” effective January 06, 2012. It has its presence in India's largest multi-product special economic zone, at the Mundra port. It is banking on multiplying traffic on India's major ports in the coming years. Adani Port & Special Economic Zone Limited was conferred with the Gateway Awards of Excellence – Ports & Shipping 2012 in the “Private Port of the Year” category.
3. Opto Circuits
Opto Circuits Limited is an Indian medical devices company based in Bangalore. It designs, manufactures and markets a range of health monitoring, emergency care, and treatment and sensing devices. It was established in 1992 in Bangalore. The company has acquired many businesses that have significantly improved its profit margins. Its medical equipment business brings almost 80 percent of its revenues. It has aggressive plans to increase its presence in emerging markets, so it will maintain around 15 to 20 percent growth rate in the coming few years. It went public in 2000, with a listing on the Bombay Stock Exchange and the National Stock Exchange. It acquired German company Eurocor Gmbh in 2006. In 2008, it acquired US-based Criticare Systems. The company was listed in Asia's Best under a Billion lists by Forbes magazine in 2011.
4. IRB Infra Developers
IRB Infrastructure Developers is India's leading highway construction company headquartered in Mumbai. It is part of IRB Group. IRB Infrastructure, which executed the country’s first build-operate-transfer (BOT) road project, is one of the largest operators of such ventures. Currently it has about 3404.40 lane KM operational and about 2330.4 lane KM under development. One of most notable projects is Mumbai Pune Expressway. In 2012, IRB acquired Tamil Nadu based BOT Road builder MVR Infrastructure and Tollways for 130 crore.
5. J Kumar Infraprojects
J Kumar is a leading contractor based in Mumbai. The turnover of this engineering company is around 2500 crore. It has bagged the prestigious Navi Mumbai metro project. The thinning margins on road construction are putting pressure on the profitability of this construction giant. The main focus of J Kumar Infraprojects Ltd. is the development of residential and commercial buildings, airport runways, bridges, roads, sports complexes, flyovers, railway buildings and irrigation projects. J Kumar Infraprojects Ltd. has been active in the various regions of Maharashtra like Aurangabad, Mumbai, Vidharbha and Pune.
6. Educomp Solutions
Educomp Solutions was set up in the year 1994 and has recently become one of the largest Indian technology based advanced education companies. The company provides learning services to nearly 3.6 million learners and has centers in countries like Singapore and U.S. Educomp Solutions gives maximum weightage to the Information Technology and worldwide web based education models. The company indulges in a lot of projects of private and public partnerships. Educational programs, teacher training programs, implementations in the infrastructure of education, and development of content are only some projects that have been successfully implemented by Educomp Solutions. The company also takes part in educational programs in tie-ups with NGOs.
7. Godrej Consumer Products
Godrej Consumer Products Limited (GCPL) is an Indian consumer goods company based in Mumbai, India. GCPL’s product range includes soaps, hair colourants, toiletries and liquid detergents. GCPL has five manufacturing facilities in India at Malanpur (Madhya Pradesh), Guwahati (Assam), Baddi- Thana (Himachal Pradesh), Baddi- Katha (Himachal Pradesh) and Sikkim. GCPL has an international presence through the acquisitions of Keyline Brands Limited (United Kingdom) in 2005, Rapidol in 2006, and Godrej Global Mid East FZE in 2007 and the joint venture with SCA Hygiene Products AB, Sweden in 2007. GCPL acquired 49 percent stake in Godrej Sara Lee (GSLL), an unlisted joint venture between the Godrej Group and Sara Lee Corporation USA in early 2010. Subsequently in May 2010 it entered into an agreement to acquire the remaining 51 percent stake. It has acquired Megasari, a leading FMCG player in household care sector in Indonesia and has agreed to acquire Tura, a leading personal care player in Nigeria.
8. Titan Industries
Titan Industries is the world's fifth largest wrist watch manufacturer and India's leading producer of watches under the Titan, Fastrack, Sonata, Nebula, RAGA, Regalia, Octane & Xylys brand names. It is a joint venture between the Tata Group, and the Tamil Nadu Industrial Development Corporation (TIDCO). Its product portfolio includes watches, accessories and jewellery, in both contemporary and traditional designs. It exports watches to about 32 countries around the world with manufacturing facilities in Hosur, Dehradun, Goa and manufactures precious jewellery under the Tanishq brand name, making it India's only national jewellery brand.
9. Sun Pharma
The leading pharmaceutical giant has seen its domestic business growing by an average of 21 percent between the fiscal years of 2007 and 2011. It’s also expanding into U.S. market. Sun Pharma was listed on the stock exchange in 1994 in an issue oversubscribed 55 times. The founding family continues to hold a majority stake in the company. Today Sun Pharma is the fifth largest and the most profitable pharmaceutical company in India as well as the largest pharmaceutical company by market capitalization on the Indian exchanges. The Indian pharmaceutical industry has become the third largest producer in the world and is poised to grow into an industry of $ 20 billion in 2015 from the current turnover of $ 12 billion.
10. Lupin Pharmaceutical
Lupin is world's largest manufacturer of the anti-TB drugs based in Mumbai, Maharashtra, India. The company production contains the Cardiovascular (prils and statins), Diabetology, Asthma, Pediatrics, CNS, GI, Anti-Infectives and NSAIDs therapy and world largest manufacturer of Anti-TB and Cephalosporins segments. It is also India' fourth largest drug maker by revenue. India is the first Asian country where the company has launched the new prescription drug after launching first anti TB drugs in single tablet.
