Simply put, a conglomerate is a multi-industry company. A parent company oversees the working of multiple businesses in entirely different industries (parent’s subsidiaries). Conglomerates are usually large and multinational. Here are some of the most widely recognized Indian conglomerates:
- Tata Group – It is India’s largest conglomerate and was founded in 1868 by Jamshedji Tata. The company has its presence in automobile, airline, chemical, defense, FMCG, finance, hospitals, retail, eCommerce and steel. Tata Motors is India’s largest vehicle manufacturer and owner of South Korea’s Daewoo and the UK’s Jaguar Land Rover.
- Reliance Industries Ltd – Reliance is one of the most profitable and largest publicly traded companies of India. It was founded 60 years back by Dhirubhai Ambani. It has oil, petrochemical, textiles, natural gas, energy, banking, mass media and telecommunication enterprises across the nation.
- Aditya Birla Group – It was founded by Seth Shiv Narayan Birla in 1857. The group operates in Branded Apparels, Fashion, Textiles, Cement, Carbon Black, Metals, Mining, R&D, Chemicals, Telecom, Financial Services, Insulators and Trading.
- Adani Group – This group was founded by Gautam Adani in 1988 as a commodity trading firm. Today, it has a portfolio of companies in energy, resources, logistics, agribusiness, real estate, financial services, defence and aerospace. Adani Green is India’s largest port developer and operator.