Best Foreign MNC Stocks Listed in India


More than 7,000 companies are publicly listed on the National Stock Exchange (NSE), and Bombay Stock Exchange (BSE), India’s top two stock exchanges. However, it’s important to note that not all of these listed companies are Indian corporations or primarily of Indian origin. Numerous listed companies on Indian stock exchanges are foreign multinational corporations (MNCs) that have undergone initial public offerings (IPOs) in India, raising capital from these exchanges. In this post, we’ll explore the best foreign MNC stocks listed in India. Stay tuned for more details.

Best Foreign MNC Stocks Listed in India

What is an MNC?

A multinational corporation (MNC) is a company that operates not only in its home country but also in other countries worldwide. This concept is also referred to as a multinational enterprise (MNE) or a multinational organization (MNO). It typically maintains a central office in one country, which oversees the management of all its other offices, including administrative branches, assets, or factories, located across the globe.

Simply exporting products to multiple countries doesn’t qualify a company as a multinational corporation. To be considered a multinational, a company must have active business operations in other countries and engage in Foreign Direct Investment (FDI) there. The main motivation for a company to become an MNC is to broaden its customer base and expand into multiple countries, aiming to increase revenue and profitability.

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Benefits of Investing in Foreign MNC Stocks

The majority of MNC stocks listed in India operate from developed countries, serving as their global headquarters. These MNCs possess advanced technology, a robust business model, network advantages, experienced management teams, and typically larger budgets. Furthermore, having been in business for a longer period, they also possess extensive experience in effectively managing a company while building their reputation and brand. These MNCs typically have a well-defined business model and strong corporate governance practices.

Considering all these factors, foreign MNC stocks listed in India can present promising investment opportunities for investors seeking exposure to global brands with a proven track record of reliable performance.

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List of Best Foreign MNC Stocks Listed in India

CompanyIndustryCountry of OriginValue
(INR Cr.)
Change (%)
Hindustan UnileverConsumer GoodsUnited Kingdom5,87,879(6.9)
Maruti Suzuki IndiaAutomobileJapan3,18,32414.2
Nestle IndiaConsumer GoodsSwitzerland2,33,63518.6
SiemensIndustrial ProductsGermany1,27,25220.1
ABB IndiaIndustrial ProductsSwitzerland
United SpiritsFood & BeveragesUnited Kingdom76,81619.5
BoschAuto ComponentsGermany60,94126.7
Procter & Gamble Hygiene & Health CareConsumer GoodsUSA59,96930.8
Colgate-Palmolive (India)Consumer GoodsUSA58,95237.6
Linde IndiaIndustrial ProductsGermany51,30795.5
Source: Hurun Research Institute, 2023 Burgundy Private Hurun India 500

#1 Hindustan Unilever – Biggest Among Top Foreign MNC Stocks Listed in India

Hindustan Unilever

Hindustan Unilever operates in the Fast-Moving Consumer Goods (FMCG) sector, focusing primarily on three segments: Home Care, Beauty & Personal Care, and Foods & Refreshments. The company has manufacturing plants located throughout India and primarily sells its products within the country.

Hindustan Unilever boasts a diverse and robust portfolio of over 50 brands, covering 16 FMCG categories. They hold a dominant market position, leading in over 85% of their total turnover. These brands have become an integral part of daily life for millions of consumers across India. Annually, Hindustan Unilever manufactures over 65 billion units of products, which are distributed through nine million retail outlets and numerous digital commerce platforms, ensuring widespread availability to consumers.

Revenue – INR 60,580 crore
Net Income
– INR 10,143 crore
3-Year Sales growth
– 15.0%
– 26.6%
P/E Ratio – 53.0
No. of Employees
– 16,000+

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#2 Maruti Suzuki India – Sole Japanese Entry in Top Foreign MNC Stocks

Maruti Suzuki India Ltd

Maruti Suzuki stands out as the undisputed leader in India’s passenger automobile sector. Founded in 1982 through a partnership between the Government of India and Suzuki Motor Corporation (SMC), the company has continuously secured more than 40% of the domestic market share. This level of dominance is exceptional in the automotive industry, solidifying Maruti Suzuki’s position as the country’s premier car manufacturer.

Maruti Suzuki operates manufacturing facilities in Haryana and Gujarat, boasting an impressive annual production capacity of 2.25 million units. Additionally, the company has formed a global alliance with Toyota, a strategic partnership that has greatly enhanced its exports and global presence.

Revenue – INR 117,571 crore
Net Income
– INR 8,211 crore
3-Year Sales growth
– 15.8%
– 14.5%
P/E Ratio – 29.6
No. of Employees
– 16,000+

#3 Nestle India

Nestle India

Established in 1956, Nestle India stands as one of the foremost food and beverage companies in India. It operates as a subsidiary of Nestle S.A. which holds 62% stake in the Indian subsidiary. The company is engaged in various lines of business, encompassing nutrition, health and wellness, beverages, prepared dishes and cooking aids, confectionery, and dairy products.

Nestle India features several popular brands including Nescafe, Maggi, KitKat, Milkmaid, Cerelac, and Nestea. Additionally, the company manufactures a wide range of health and wellness products, including nutritional supplements, vitamins, and minerals.

Revenue – INR 19,126 crore
Net Income
– INR 2,999 crore
3-Year Sales growth
– 12.7%
– 135%
P/E Ratio – 86.6
No. of Employees
– 8,000+

#4 Siemens – Highest Growth Among MNC Stocks in India


Capital goods player Siemens operates in manufacturing, infrastructure, transportation, and energy. The company’s performance across all these sectors has been robust. There has been sustained growth in demand for digital solutions, railways, digital grid, power transmission, and distribution segments, as well as for e-mobility, decarbonization, waste heat recovery, power evacuation, energy storage, and optimization.

In the past year, Siemens reached a notable milestone for the Siemens Xcelerator platform by incorporating 100 India-relevant digital use cases across various industries including Food & Beverage, Data Centers, Commercial Buildings, Power Utilities, and others.

Revenue – INR 19,554 crore
Net Income
– INR 1,962 crore
3-Year Sales growth
– 25.3%
– 21.0%
P/E Ratio – 84.8
No. of Employees
– 8,888

#5 ABB India

ABB India

ABB is a prominent manufacturer of industrial products with roots in Switzerland and Sweden. It has a rich history of over 130 years and employs approximately 105,000 skilled employees spread across more than 100 countries.

ABB India is headquartered in Bengaluru, Karnataka, and has a strong presence in the Indian subcontinent, with operations in more than 26 locations across the region. Its products and services include electrification products, motion, and industrial automation, and solutions that integrate engineering expertise and software to enhance power reliability, increase industrial productivity, and improve energy efficiency.

Revenue – INR 10,477 crore
Net Income
– INR 1,242 crore
3-Year Sales growth
– 21.5%
– 30.5%
P/E Ratio – 95.4
No. of Employees
– 3,139

#6 United Spirits

United Spirits Limited

United Spirits (USL) is a premier beverage alcohol company in India and operates as a subsidiary of the global leader, Diageo plc. The company specializes in manufacturing, selling, and distributing a remarkable array of iconic global and premium Indian brands.

The company boasts 8 brands in its portfolio, each selling over a million cases annually, with one brand surpassing 25 million cases sold yearly. Additionally, its export business is on the rise. With a widespread manufacturing footprint spanning across India with approximately 40 facilities, the company maintains a robust distribution network exceeding 70,000 outlets. This network facilitates access to vendors, suppliers, and distributors nationwide.

Revenue – INR 27,815 crore
Net Income
– INR 1,126 crore
3-Year Sales growth
– 4.40%
– 20.0%
P/E Ratio – 63.9
No. of Employees
– 3,000+

#7 Bosch

Bosch Ltd

Bosch, a subsidiary of the renowned German multinational corporation Robert Bosch, operates in multiple sectors including automotive technology, industrial technology, consumer goods, and energy and building technology. The company manufactures and trades various products such as diesel and gasoline fuel injection systems, automotive aftermarket products, industrial equipment, electrical power tools, security systems, as well as industrial and consumer energy products and solutions.

The company possesses seven manufacturing facilities spread across 35 locations in India. Its primary facilities are situated in Nashik, Naganathapura (Bangalore), Jaipur, Gangaikondan (Tirunelveli), Chennai, and Bidadi.

Revenue – INR 14,929 crore
Net Income
– INR 1,426 crore
3-Year Sales growth
– 14.9%
– 17.4%
P/E Ratio – 51.8
No. of Employees
– 1,200+

#8 Procter & Gamble Hygiene & Health Care

Procter & Gamble Hygiene

Procter & Gamble Hygiene and Health Care specializes in manufacturing and selling branded packaged fast-moving consumer goods in the femcare and healthcare sectors. Its portfolio comprises leading brands such as WHISPER, India’s top Feminine Hygiene brand, VICKS, India’s No. 1 Health Care brand, and Old Spice.

Presently, P&G products are available in around 180 countries and territories worldwide. The company conducts its manufacturing operations at its plants situated in Goa and Baddi, Himachal Pradesh.

Revenue – INR 3,918 crore
Net Income
– INR 678 crore
3-Year Sales growth
– 9.28%
– 101.0%
P/E Ratio – 67.7
No. of Employees
– 432

#9 Colgate-Palmolive (India)

Colgate-Palmolive (India)

Colgate-Palmolive India is involved in the manufacturing and trading of toothpaste, tooth powder, toothbrushes, mouthwash, and personal care products. Its products are available in over 1.7 million stores, with 95% of them actively selling its products every quarter.

Colgate Palmolive Company, based in the USA, serves as the ultimate holding company, holding approximately 40% stake in the company. As of the fiscal year 2023, the company owns and operates four manufacturing facilities located in Himachal Pradesh, Goa, Gujarat, and Andhra Pradesh.

Revenue – INR 5,226 crore
Net Income
– INR 1,047 crore
3-Year Sales growth
– 4.92%
– 79.1%
P/E Ratio – 58.2
No. of Employees
– 798

#10 Linde India

Linde India

Linde India Limited, a subsidiary of BOC Group, UK, is primarily engaged in manufacturing industrial and medical gases and constructing cryogenic and non-cryogenic air separation plants. Linde India has two operating business segments: Gases and Related Products and Project Engineering Division (PED).

Linde India has a strong presence across India with a network of manufacturing plants, sales offices, and distribution centers. The company serves a diverse customer base ranging from large industrial corporations to small businesses and individuals. The company operates 14 manufacturing units spread across various states including Karnataka, Telangana, Gujarat, Haryana, Rajasthan, Odisha, Jharkhand, West Bengal, Maharashtra, Uttarakhand, and Tamil Nadu.

Revenue – INR 3,136 crore
Net Income
– INR 538 crore
3-Year Sales growth
– 21.2%
– 20.8%
P/E Ratio – 131
No. of Employees
– 207

Top Foreign MNC Stocks FAQs

What is an MNC?

A multinational corporation (MNC) is a company that operates not only in its home country but also in other countries worldwide.

Which is the biggest foreign MNC company listed in the Indian stock market?

The Top Foreign MNC stock listed in Indian Stock Exchanges is Hindustan Unilever. The company operates in the Fast-Moving Consumer Goods (FMCG) sector focusing on Home Care, Beauty & Personal Care, and Foods & Refreshments.

Which are other Top Foreign MNC Stocks in India?

Maruti Suzuki, Siemens, Nestle, ABB, Linde India, and United Spirits are the other notable foreign MNC stocks in India.


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