By making TIME's list of the 100 Most Influential Companies for 2024, Indian companies have once again shown how well they can do business around the world. This award shows that Indian companies are making a bigger difference in the world and is a celebration of their work.
Reliance Industries: A Leader in New Ideas
According to TIME's most recent list, Reliance Industries, which is run by Chairman Mukesh Ambani, is "India's Juggernaut." It was started by Dhirubhai Ambani as a textile and polyester company, but it has come a long way since then to become India's most valuable company, with a market value of more than $200 billion.
The business has grown a lot because its goals are in line with Prime Minister Narendra Modi's plan for a "self-reliant" India. Under Mukesh Ambani's leadership, Reliance has spearheaded several projects that have significantly transformed the Indian landscape, including:
- Digital Revolution with Jio Platforms: Jio Platforms transformed India's digital landscape by lowering the cost of mobile data plans, resulting in unprecedented levels of digital inclusion throughout the nation.
- Global Refining Leadership: Reliance's construction of the world's largest single-location refining complex has made it the clear leader in the refining world.
- Dominance in Retail: Reliance Retail, which is now one of the world's top 100 sellers, had over 1.06 billion customers visit its stores in FY2024, with most of them going to stores in small towns and villages.
- Investments that will last for the future: Reliance has pledged to reach net-zero carbon emissions by 2035, in line with global environmental goals, by investing a huge $10 billion in the New Energy and New Materials ecosystems.
- Social Impact:Under the leadership of Founder Chairperson Nita M. Ambani, the Reliance Foundation has significantly improved the lives of over 76 million people in India, demonstrating its comprehensive approach to assisting people.
Tata Group: Making Plans for the Future
Tata Group has been around since 1868, and under N. Chandrasekaran's leadership, it has continued to grow its business and be open to new ideas. TIME acknowledged Tata's significant advancements in smart manufacturing, artificial intelligence, and microchip chips.
- Technology Progress: Tata's move to make iPhones in India and its relationship with Nvidia for AI cloud development are examples of its technological advancement.
- The Making of Semiconductors: Tata made a big announcement about plans for India's first major semiconductor manufacturing plant. This was a big change in the country's tech scene.
- Growth in Market Capitalization: Tata's total market value surpassed entire national economies in 2024, reaching an amazing $365 billion. This demonstrates how quickly the company has grown.
In terms of health, the Serum Institute of India is the best in the world
TIME reported that the Serum Institute of India is the world's largest vaccine maker, producing billions of vaccine doses annually. India has made important improvements to public health, as evidenced by the company's efforts to fight epidemics like COVID-19 around the world.
Why the List From Time Is Important
Companies from all over the world are important, creative, and successful, as shown by the TIME 100 Most Influential Companies list. Big Indian companies like Reliance, Tata, and Serum Institute are on the list. This shows how important India is becoming in the world and how it is changing many fields.
As India continues to push for innovation, sustainability, and social responsibility, these companies show how entrepreneurial the country is and how important it is to the world of business in the 21st century.
Image Source: Multiple Agencies
Inputs from Agencies
© Copyright 2024. All Rights Reserved Powered by Vygr Media.
