State-run ONGC Videsh has emerged as the most globalized domestic company in terms of exposure in overseas markets, toppling Tata Steel.

 

According to the survey prepared by Indian Schoolof Business along with Brazil's Fundação Dom Cabral, the oil and gas major ONGC’s subsidiary ONGC Videsh has topped the list of 15 most internationalised desi companies.  The company is the only public sector enterprise in the league, which features six Tata group companies. Besides, Tata Steel at the second spot — which was on top last year — others are Tata Global Beverages (3), Tata Communications (6), Tata Motors (9), Tata Consultancy Services (12) and Tata Chemicals (15).

 

ISB Professor Raveendra Chittoor, who was part of the study, said the list reflects domestic companies having the maximum international exposure. However, the rankings does not include a few companies, he added. "We were not able to rank Tech Mahindra and Wipro (though we believe these companies to be highly internationalised) because these companies were unable to provide us with a split of their foreign and domestic assets," ISB said in a statement.

 

The top 15 rankings have been made from 27 companies that participated in the survey. Other companies in the list are Motherson Sumi Systems (4), HCL Technologies (5), Hindalco Industries (7), Suzlon (8), Dr Reddy's (10), Jubilant Life (11), Infosys (13) and Punj Lloyd (14). The rankings, which have taken into accounts figures for fiscal ended March 2012 — are based on three factors: percentage of international assets against total assets, overseas revenues against total revenues and percentage of foreign employees with respect to total headcount.

 

The methodology is based on the transnationality index developed by the United Nations Conference on Trade and Development.