ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), has emerged as the Indian company having the most international exposure for the second consecutive year, according to a survey.
The firm has topped the list of 20 most internationalized Indian companies by Indian School of Business (ISB).
Global education firm Core Education & Technologies, which ISB says showed a sharp increase in the size of its foreign assets, has been ranked second.
Interestingly, ONGC Videsh was the only state-owned company among the top 20 Indian companies which also included six Tata Group firms.
Besides Tata Global Beverages at the third spot, others were re Tata Steel (6), Tata Consultancy Services (7), Tata Motors (8), Tata Communications (10) and Tata Chemicals (16).
“Over the last decade, the engagement of Indian companies with overseas markets has undergone a complete transformation. India has gradually become more integrated with the global economy and Indian companies are emerging as important players on the global landscape,” ISB said.
“Indian transnational corporations have significantly increased their international asset base as well as their international revenues over the past decade.”
The top 20 Indian companies have been ranked from a list of 29 firms that participated in the survey.