Wow I am amazed at the melancholy, or is is masochism of some of the posters here. I find great news of achievement for people or company of India, people are still unhappy.
When I say that finding fault with everything India is anti-India they get upset.
Some of the major foreign acquisition by Indian companies, not including Mittals.
The quest began when Tata Tea took over a company twice its own size, Tetley Tea in 2000. From 2003 onwards, the trend of taking over other companies by Indian companies gained substantial pace. Let us now check out some valuable global acquisitions done by Indian companies.
The biggest and the one which is called the father of all acquisitions in India, is Tata Steel acquiring Anglo-Dutch firm Corus Group in 2006 to create the fifth largest steel company of the world. The deal was worth $7.6 billion.
Aditya Birla Group's Hindalco Industries, India's largest non-ferrous metals company, acquired the Canada based firm Novalis in an all-cash transaction for $6 billion.
In 2008, there was a huge earth quake in the automobile market when Tata acquired Britain's most famous automobile manufacturers Jaguar and Land Rover, in a $2.3 billion deal with Ford, their American owners.
Subhash Chandra's Essel Packaging (EPL) acquired the Swiss tube packaging major Propack, and joined hands to become the world's largest in laminated tubes.
In 2006, Ranbaxy Laboratories(RLL) created quite a stir when it announced the acquisition of 3 drug-makers in Europe, all within a week's time. Allen S.p.A, a division of GlaxoSmithKline (GSK) in Italy, Romania's largest independent generic drug producer Terapia and drug maker Ethimed NV in Belgium.
In 2007, Pharmaceutical and biotechnology major Wockhardt bought the fourth largest independent, integrated pharmaceutical group in France, Negma Laboratories. At a deal of $265 million, Wockhardt became the largest Indian pharmaceutical company in Europe with more than 1500 employees based in the continent.
Bennett Coleman & Co, India's largest media group and the holding company of the Times of India group, bought Virgin Radio in the UK in a $53.2 million deal with SMG Plc. in 2008.
Mahindra & Mahindra acquired 90 percent stakes of Schoneweiss, a leading company in the forging sector in Germany. The deal took place in 2007, and consolidated Mahindra's position in the global market.
Sterlite Industries, a part of the Vedanta Group signed an agreement regarding the acquisition of copper mining company Asarco for $ 2.6 billion in 2008. After the finalization of the deal Sterlite would become third largest copper mining company in the world.
Oil and Natural Gas Corp(ONGC) took control of Imperial Energy Plc. for $1.9 billion in early 2009.
Coleman India, bought Virgin Radio in the UK in a $53.2 million ) deal with SMG Plc. in 2008.
Mahindra & Mahindra acquired 90 percent stakes of Schoneweiss, a leading company in the forging sector in Germany. The deal took place in 2007, and consolidated Mahindra's position in the global market.
Sterlite Industries, a part of the Vedanta Group signed an agreement regarding the acquisition of copper mining company Asarco for $ 2.6 billion in 2008. The deal surpassed Tata's $2.3 billion deal of acquiring Land Rover and Jaguar. After the finalization of the deal Sterlite would become third largest copper mining company in the world.
This year in Australia,
Lanco Infratech $730M,
Adani Group $1.8B,
GVK 1.12B
In Africa,
Essar $750M,
GMR energy $500M.
Essar Oil $1.2B
In USA,
Avanta Group $30M
Aditya Birla $1.5 B
In Brazil,
United Phosphorus 150M,
And the list goes on.
I am personally not benefiting by others Indians prosperity. But I am all the same proud of their achievements.
Companies Invest with profit motive, social consideration is not a business criteria.
