A multinational corporation (MNC), also called a transnational

corporation (TNC), or multinational enterprise (MNE),[1] is a corporation

or an enterprise that manages production or delivers services in more than
one country. It can also be referred to as an international corporation. The
International Labour Organization (ILO) has defined[citation needed] an
MNC as a corporation that has its management headquarters in one country,
known as the home country, and operates in several other countries, known
as host countries.
The Dutch East India Company was the first multinational corporation in the
world and the first company to issue stock.[2] It was also arguably the
world's first megacorporation, possessing quasi-governmental powers,
including the ability to wage war, negotiate treaties, coin money, and
establish colonies.[3]
The first modern multinational corporation is generally thought to be the
East India Company.[4] Many corporations have offices, branches or
manufacturing plants in different countries from where their original and
main headquarters is located.

Top Ten World’s Largest Companies 2007

Company Revenues ($) Profits ($)

Wal-Mart 351.1 billion 11.3 billion
ExxonMobil 347.3 billion 39.5 billion
Royal Dutch 318.8 billion 25.4 billion
Shell
BP 274.3 billion 22 billion
General Motors 207.3 billion -2 billion
Toyota Motor 204.7 billion 14.1 billion
Chevron 200.6 billion 17.1 billion
DaimlerChrysler 190.2 billion 4 billion
ConocoPhillips 172.5 billion 15.6 billion
Total 168.4 billion 14.8 billion
One of the things that first jumps out to me is that for 2007 the largest
company in the world, Wal-Mart (WMT), also employs the richest person in
the world, Bill Gates. I can’t imagine this condition will last for very long,
however; either Wal-Mart or Bill will fall out of first place. Last year, 2006,
in fact, Wal-Mart was the #2 largest company. And there are reports that Bill
Gates is being displaced as the richest person in the world this year by
Mexican tycoon Carlos Slim Helu.
It is also interesting to note that the top 10 is dominated by oil. Either
oil/gasoline producers or gasoline consumers (automobile) make up 9 of the
top 10. However, as CNNMoney says, “Big Oil might dominate the top ten,
but money dominates the top 25. Ten of those are financial services firms.”
Retail banking is also a large component.
While these revenue numbers of the top corporations in the world may seem
staggering, they are a reflection of the international nature of business today.
In order to get truly big, you must be global as a company, and strongly
global. Without having the world as a market, a company’s growth and size
will be restricted.
The USA is still outpowering all countries in this measure of economic
might. Companies based in the USA still make up 5 of top 10 companies,
and 162 of the 500 largest companies. However, countries like China are
starting to show excellent improvement. The diverse international
representation in the top 500 corporations will only continue to increase.
List of Multinational Companies in India

The list of multinational companies in India is ever-growing as a number of

MNCs are coming down to this country now and then. Following are some
of the major multinational companies operating their businesses in India:

• British Petroleum
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• Accenture
• Reebok
• Skoda Motors
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