ICAI Notes- Overview of Selected Indian Companies- 1 | Business and Commercial Knowledge (Old Scheme) - CA Foundation PDF Download

Adani Ports and Special Economic Zone Ltd

Company Introduction

Adani Ports and Special Economic Zone Limited (Adani Ports & SEZ) is India's largest private multi-port operator. APSEZ represents a large network of ports with India's largest SEZ at Mundra. APSEZ Port Business is integral to its Logistics Business and is India's Largest private port operator with presence across 12 locations. The Adani Group, an integrated infrastructure corporation. The company which was earlier known as Mundra Port and Special Economic Zone Limited, changed name to its present name on 6 January 2012

Ports & Terminals

Adani Ports and Special Economic Zone Limited (APSEZ) is the largest commercial ports operator in India accounting for nearly one-fourth of the cargo movement in the country. Its presence across 13 domestic ports in seven maritime states of Gujarat, Maharashtra, Goa, Kerala, Andhra Pradesh, Tamil Nadu and Odisha presents the most widespread national footprint with deepened hinterland connectivity. The port facilities are equipped with the latest cargo-handling infrastructure which is not only best-in-class, but also capable of handling the largest vessels calling at Indian shores. The ports are equipped to handle diverse cargos, from dry cargo, liquid cargo, crude to containers.

Mundra Industrial Land (SEZ/ DTA/ FTWZ)

Spanning over an area of 15,000 hectares, located on the Western coast of India's Gulf of Kachchh, in the vibrant, industrialised and investor friendly state of Gujarat, Mundra Economic Hub is the gateway for Indian exports and imports. mundra has accrued advantages of an efficient private seaport, logistical connectivity, economic benefits and allied infrastructure.
Leveraging the advantage of the robust port infrastructure, Mundra Manufacturing Zone offers the best investment opportunity for diversified industries. The zone can offer developed industrial clusters for small/medium projects as well as facilitate the mega projects with the desired land parcel, along with an excellent logistic connectivity, power reliability and other utilities.

Logistics

Adani Logistics Limited (ALL) is the most diversified end-to-end logistics service provider in the country with presence across all major markets with expertise in handling varied customer across segments like Retail, Industrial, Container, Bulk, Break-Bulk, Liquids, Auto and Grain Handling.

ALL has developed and operates inland container depots at Patli and Kilaraipur and multi-modal logistics parks (MMLP) at Kishangarh, Malur and Kanech.

ALL operates 60 rakes (43 - container, 9 - GPWIS, 1 AFTO and 7 Agri Rakes), 400,000 sq ft of warehousing space, 5,000 + containers, 0.9 million metric tonnes of grain silos and 6 inland waterways vessels.

Business in News

• APSEZ ranked 1605th on Forbes World's Largest Public Corporations List 2018.
• APSEZ ranked 201st on Forbes World's Best Employer's List 2018.
• Latest news relating to APSEZ can be accessed via: https://www.adaniports.com/Newsroom

Asian Paints Ltd.

Company introduction

Asian Paints operates in 16 countries. It has 26 paint manufacturing facilities in the world which serve consumers in over 65 countries. It manufactures a wide range of paints for decorative and industrial use. Its research and technology division has over 200 highly qualified scientists for technological developments. It is India’s leading and Asia’s fourth largest paint company. Today, it is double the size of any other paint company in India. The nearest rivals or competing firms of the Asian Paints Ltd. are - Kansai Nerolac Paints

Ltd., Shalimar Paints Ltd., Jenson & Nicholson (India) Ltd. and Berger Paints (India) Ltd.

In 2017-18, the revenue of Asian Paints was ₹ 14,559.55 crores and net profit was ₹ 1,894.80 crores. It employs over 6,000 people.

Philosophy

Asian Paints aims to become one of the top five decorative coatings companies world-wide by leveraging its expertise in the higher growth emerging markets. Simultaneously, the company intends to build long term value in the industrial coatings business through alliances with established global partners.

Company History

It was initially set up as a partnership firm by four friends (Champaklal H. Choksey, Suryakant C. Dani,Arvind R. Vakil,Chimanlal N. Choksi). The company has been a market leader in paints since 1967.

Portfolio of Businesses, Products and Services

• Asian Paints manufactures wide range of paints for decorative and industrial use.
• In Decorative paints, Asian Paints is present in all the four segments:
   ⇒ Interior Wall Finishes,
   ⇒Exterior Wall Finishes,
  ⇒Enamels and
  ⇒Wood Finishes

Business in News

• Asian Paints ranked 1882nd on Forbes World's Largest Public Corporations List2018.
• Asian Paints ranked 179th on Forbes World's Best Employer's List 2018.

Axis Bank Limited

Company Introduction

Axis Bank is the third largest private sector bank in India. The Bank offers the entire spectrum of financial services to customer segments covering large and mid-corporates, Micro Small and Medium Enterprises (MSME), Agriculture and Retail Businesses.

The Bank has 3779 domestic branches and 12,834 ATMs spread across the country. The bank has over 50,000 employees. For the year 2017-18, its revenue has been ₹ 45,780.31 crores and net profit was ₹ 275.68 crores.

The overseas operations of the Bank are spread over ten international offices with branches at Singapore, Hong Kong, Dubai (at the DIFC), Colombo and Shanghai; representative offices at Dhaka, Dubai, Abu Dhabi, Sharjah and an overseas subsidiary in London, UK.

Company History

Axis Bank is one of the first new generation private sector banks to have begun operations in 1994. The Bank was promoted in 1993, jointly by Specified Undertaking of Unit Trust of India (SUUTI) (then known as Unit Trust of India), Life Insurance Corporation of India (LIC), General Insurance Corporation of India (GIC), National Insurance Company Ltd., The New India Assurance Company Ltd., The Oriental Insurance Company Ltd. and United India Insurance Company Ltd. The shareholding of Unit Trust of India was subsequently transferred to SUUTI, an entity established in 2003.

Philosophy

• Vision: To be the preferred financial solutions provider excelling in customer delivery through insight, empowered employees and smart use of technology.
• Core Values: Customer centricity, ethics, transparency, teamwork and ownership.

Portfolio of Businesses, Products and Services

The Bank has ten wholly owned subsidiaries, Axis Capital Ltd., Axis Private Equity Ltd., Axis Trustee Services Ltd., Axis Asset Management Company Ltd., Axis Mutual Fund Trustee Ltd., Axis Bank UK Ltd., Axis Securities Ltd., Axis Direct, Axis Finance Ltd., Axis Securities Europe Ltd. and Axis Treds Limited.

Business in News

• Axis Bank ranked 635th on Forbes World's Largest Public Corporations List 2018.
• Axis Bank ranked 481st on Forbes World's Best Employer's List 2018.

Bajaj Auto Limited

Company Introduction

Bajaj Auto Limited is an Indian two-wheeler, three-wheeler and car manufacturing company. It is one of the world’s top manufacturer of motorcycles in India. It is the world’s largest three-wheeler manufacturer. Bajaj Auto is India’s largest exporter of motorcycles and three-wheelers. It has operations in 50 countries creating a line of bikes targeted to the preferences of entry-level buyers. It has approximately 9,000 employees. Its net revenue for the year 2017-18 has been ₹ 25,563.26 crores and net profit was ₹ 4,068.10 crores.

Company History

It was founded by Jamnalal Bajaj in Rajasthan in the 1940s. In 1959, it obtained a licence from the Government of India to manufacture two-wheelers and three-wheelers and it became a public limited company in 1960.

Philosophy

Vision: To attain world class excellency by demonstrating value added products to customers

Mission:

• Focus on value based manufacturing.

• Continual Improvement

• Total elimination of wastes

• Pollution free and safe environment.

• Portfolio of Businesses, Products and Services

Business in News

• Bajaj Auto ranked 1581st on Forbes World's Largest Public Corporations List 2018.

• Bajaj Auto ranked 417th on Forbes World's Best Employer's List 2018.

Bharti Airtel Limited

Company introduction

Bharti Airtel Limited is a leading global telecommunications company with operations in 20 countries across Asia and Africa.

Airtel provides GSM,3G and 4G LTE mobile services, fixed line broadband and voice services depending upon the country of operation. It is the largest mobile network operator in India and the third largest in the world with 400 million subscribers. It has a net revenue of ₹ 53,663 crores with a net profit of ₹ 79.20 crores in 2017-18. Airtel has over 25,400 employees.

Company History

In 1984 Sunil Mittal started assembling push-button phones in India. By the early 1990s, Bharti was making fax machines, cordless phones and other telecom gear. In 1992, he successfully bid for one of the four mobile phone network licences auctioned in India. He was one of the first Indian entrepreneurs to identify the mobile telecom business as a major growth area. His plans were finally approved by the Government in 1994 and he launched services in Delhi in 1995, when Bharti Cellular Limited (BCL) was formed to offer cellular services under the brand name AirTel. Within a few years, Bharti became the first telecom company to cross the 2-million mobile subscriber mark.

Philosophy

Vision: To enrich the lives of customers. The company’s obsession is to win customers for life through an exceptional experience.

Mission: Hunger to win customers for life.

Portfolio of Businesses, Products and Services

Business in News

• Bharti Airtel ranked 827th on Forbes World's Largest Public Corporations List2018.
• In 2017, Bharti Airtel to acquire Tikona Networks’ 4G Business, Bharti Airtel and Millicom sign agreement to combine operations in Ghana and Bharti Airtel to acquire Telenor India.
• In 2015, Airtel announced strategic collaboration with China Mobile and Airtel launched its first 4G service in Africa.

Bharat Petroleum Corporation Limited

Company Introduction

Bharat Petroleum Corporation Limited (BPCL) is an Indian state-controlled oil and gas company. The Corporation operates two large refineries of the country located at Mumbai and Kochi. Bharat Gas has been a pioneer in more ways than one churning out several innovative customer centric offerings such as LPG cylinders and Mini LPG cylinders. The 24X7 services provided by Bharat Petroleum Aviation Fuel Services makes it the preferred supplier for all major domestic and international airlines in India. 40% of the international volumes in India are fueled by BPCL plane services. Their presence in the defence sector is equally strong. Bharat Petroleum is the only oil company in India to have equity stake in the 1st Greenfield Airport at Cochin International Airport Limited.

The company’s revenue in 2017-18 was ₹ 277,162.23 crores and net profit was ₹ 7,919.34 crores . It has over 12,924 employees.

Company History

Philosophy

Vision: Be a model corporate entity with social responsibility committed to energizing lives through sustainable development.

Mission: Create a ‘positive impact’ in all the communities where we operate.

• To transform 150 villages from ‘water scarce to water positive’.
• To enable education of more than 10 lakh children.
• To create a resource of ‘Expert Panels’ on issues pertaining to our thrust areas.
• To encourage employee volunteering through our corporate culture and have a minimum of 10% of employees volunteering in the next five years.

Portfolio of Businesses, Products and Services

The company business is divided in seven SBUs (Strategic Business Units), like Retail, Lubricants, Aviation, Refinery, Gas, I&C and LPG. They have popular Loyalty Program like Petrocard, Smartfleet.
Bharat Petroleum operates the following refineries:

1. Mumbai Refinery: Located near Mumbai, Maharashtra. It has a capacity of 13 million metric tonnes per year.
2. Kochi Refineries: Located near Kochi, Kerala. It has a capacity of 9.5  million metric tonnes per year.
3. Bina Refinery: Located near Bina, Sagar district, Madhya Pradesh. It has a capacity of 6 million metric tonnes per year. This refinery is operated by Bharat Oman Refineries Limited, a joint venture between Bharat Petroleum and Oman Oil Company.
4. Numaligarh Refinery: Located near Numaligarh, Golaghat district, Assam. It has a capacity of 3 million metric tonnes per year.

Business in News

• BPCL ranked 672nd on Forbes World's Largest Public Corporations List 2018.
• Petrol and diesel may soon be home delivered as the oil ministry mulls options of door-to- door delivery on pre-booking to cut long queues at petrol pumps.

Cipla Limited

Company introduction

Cipla Ltd. is a leading medicine manufacturer in India. The company has about 1,500 pharmaceutical products in more than 60 therapeutic categories. Some are sold domestically, while the rest reach international markets in more than 150 countries. It offers prescription drugs for all kinds of ailments -- arthritis, cancer, depression - as well as over-the-counter drugs for colds, oral hygiene, and skin care. Cipla leads the domestic

retail pharmaceutical market. The company also makes bulk drugs, agrochemicals, and animal products. Cipla has earned a worldwide recognition for adhering to the highest standards of quality and has received approvals from Ministries of Health of various nations and major international regulatory agencies.

In 2017-18, the revenue of Cipla Ltd. was ₹ 11,444.81 crores and net profit was ₹ 1,468.52 crores. It employs over 22,000 people.

Company History

Philosophy

Cipla has developed good positive image by providing support to cancer patients by introducing drugs at low cost.

Slogan: Caring for life.

Vision: To be the first global biotech company to provide high quality products at affordable prices that will enable access for millions of patients world-wide by the year 2025

Mission: Cipla’s mission is to be a leading global healthcare company which uses technology and innovation to meet every day needs of all the patients.

Portfolio of Businesses, Products and Services

Cipla sells active pharmaceutical ingredients to other manufacturers as well as pharmaceutical and personal care products, including Escitalopram (anti-depressant), Lamivudine and Fluticasone propionate. It is the world’s largest manufacturer of antiretroviral drugs. Cipla currently manufactures more than 200 generic and complex Active Pharmaceutical Ingredients (APIs).

Business in News

• Meditab Specialities Private Limited, a wholly owned subsidiary of the Company acquired 75% stake in Mabpharm Private Limited (‘Mabpharm’).

Coal India Limited

Company Introduction

Coal India Limited (CIL) is an Indian state-controlled coal mining company. It is the largest coal producer company in the world. It contributes about 84% of coal production in India. Government of India owns it and controls the operations through Ministry of Coal. In April 2011, CIL was conferred the Maharatna status by the Union Government. It is operating through 82 mining areas. CIL manages 200 other establishments like workshops, hospitals etc. Further, it also owns 26 technical & management training institutes and 102 Vocational Training Institutes. It commands nearly 74% of the Indian coal market.

In 2017-18, the revenue of Coal India Ltd. was ₹ 370.37 crores and net profit was ₹ 9,293.42 crores. It employs over 3,33,000 people.

Company History

Nationalization of coal industry in India in the early seventies was a fall out of two related events. In the first instance it was the oil price shock, which led the country to take up a close scrutiny of its energy options. A Fuel Policy Committee set up for this purpose identified coal as the primary source of commercial energy.

Secondly, the much needed investment for growth of this sector was not forthcoming with coal mining largely in the hands of private sector.

Philosophy

Vision: To emerge as a global player in the primary energy sector committed to provide energy security to the country by attaining environmentally & socially sustainable growth through best practices from mine to market.

Mission: To produce and market the planned quantity of coal and coal products eciently and economically in an eco-friendly manner with due regard to safety, conservation and quality.

Portfolio of Businesses, Products and Services

Coal India Limited (CIL) produces coal through seven of its wholly owned subsidiaries. These are:

• Eastern Coalfields Limited (ECL),
• Bharat Coking Coal Limited (BCCL),
• Central Coalfields Limited (CCL),
• Western Coalfields Limited (WCL),
• South-Eastern Coalfields Limited (SECL),
• Northern Coalfield Limited (NCL), and
• Mahanadi Coalfields Limited (MCL).

Its 8th wholly owned subsidiary Central Mine Planning and Design Institute Limited (CMPDIL) provides exploration, planning and technical support to all the 7 production subsidiaries.

Joint Ventures

CIL has two joint ventures:

• International Coal Ventures Private Limited (ICVPL) was formed in 2009 for acquisition of coking coal properties outside India. CIL holds 2⁄7th share in paid up capital of ICVPL.
• CIL-NTPC Urja Pvt. Ltd. is a 50:50 JV between CIL and NTPC, formed in April, 2010 for acquisition of coal blocks in India and abroad.

Business in News