The nineties have ushered in a new era in the history of the Indian business market. The new economic policies, introduced in the year July 1991 completely changed the popular perception about the Indian market. Exposure to new age media, like the television and internet has largely helped in transforming the taste and aspiration of the population. It has majorly affected the rural India in particular. Coupled with expansion in communication and infrastructural facilities, prosperity among the overall population has forced in rising demands for personal items and various lifestyle products in particular.
Based on a recent list released by a top business magazine of India, out of the top 47 Indian companies, thee best known are Hero Honda Motors, Bharat Petroleum, Tata Motors, reliance Industries ltd and State Bank of India.
Bharat Petroleum: It is a leading energy company that has established global presence through prolonged aggressive development and high profitability. It is considered to the best in Indian petroleum industry. Some of their epoch making concepts are Petro card, Fleet Card etc. It was as early as in the year 1886 that the quest for oil began in India. The company today produces a variety of products, from petrochemicals and solvets to aviation fuel and lubricants for special purposes. It supplies fuel to hundreds of industries and many international and national airlines. It is one of the pioneer producers of petroleum in the country.
Hero Honda Motors: It is a motorcycle and two wheeler, scooter manufacturer company initiated in India. They began their journey in the year 1984 by joining hand with Hero Cycles of India and Honda of Japan. Today it is the largest two wheeler maker in India. It has three manufacturing sites based in Gurgaon, Dharuhera and Haridwar. Together these three plants successfully produce 3 million bikes in a year. They have several service stations spread all over India.
Tata Motors: Today Tata Motors is fourth largest truck manufacturer of the world market. They are also known for the manufacturing best buses and Tata has achieved the third position in the world market as a quality bus manufacturer. Today they also have produced many commercial vehicles suitable for each segment. They have best passenger cars in all three segments, namely, compact, midsize and utility vehicle category.
Reliance Industries ltd : The epoch making Indian conglomerate which was founded by Dhirubhai Amabani and this company has successfully experienced a turnover of about US$ 35.9. He believed in energy value chain. Today it ranks among the top ten petrochemical producers of the world. The company’s subsidiaries are, Reliance Retail Limited and Reliance Petroleum Limited along with Reliance Industrial Infrastructure ltd.
State Bank of India: It is the leading Indian bank .The SBI offers banking services through its extensive network in India and overseas. They have more than 16,000 branches it accounts for the largest bank branch network in India. It offers special services like the Internet Banking, Mobile Banking, ATM Services, Demat Services, Corporate Banking, Agricultural Banking, Merchant Banking, Online services like online educational loan, online SME loan and many other banking services.