More than 7,500 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.

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, top foreign companies 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

Company	Industry	Country of Origin	Value (INR Cr.)	Change (%)
Hindustan Unilever	Consumer Goods	United Kingdom	5,87,879	(6.9)
Maruti Suzuki India	Automobile	Japan	3,18,324	14.2
Nestle India	Consumer Goods	Switzerland	2,33,635	18.6
Siemens	Industrial Products	Germany	1,27,252	20.1
ABB India	Industrial Products	Switzerland Sweden	92,437	35.5
United Spirits	Food & Beverages	United Kingdom	76,816	19.5
Bosch	Auto Components	Germany	60,941	26.7
Procter & Gamble Hygiene & Health Care	Consumer Goods	USA	59,969	30.8
Colgate-Palmolive (India)	Consumer Goods	USA	58,952	37.6
Linde India	Industrial Products	Germany	51,307	95.5

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

Hindustan Unilever Limited (HUL) 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.

HUL is known for its popular tea brands like Brooke Bond Red Label and Taj Mahal. The company has partnered with the Tea Research Association (TRA) Tocklai to tackle climate change challenges in the tea industry. The project will cover 19 tea estates and factories as well as 19 small tea growers across key tea-growing regions, benefiting approximately 15,000 hectares of land.

Revenue – INR 60,469 crore
Net Income – INR 10,114 crore
3-Year Sales growth – 9.59%
ROCE – 27.0%
P/E Ratio – 57.1
No. of Employees – 19,000+

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#2 Maruti Suzuki India – Auto Industry Player in Top Foreign MNC Stocks

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, with an impressive annual production capacity of 2.35 million. The company aims to increase this capacity to 4 million units annually by the fiscal year 2030-31. Additionally, Maruti Suzuki has established a strategic global alliance with Toyota, significantly enhancing its exports and international presence. The company reported a remarkable 64.1% increase in net income compared to the previous year.

Revenue – INR 1,41,858 crore
Net Income – INR 13,209 crore
3-Year Sales growth – 26.3%
ROCE – 22.0%
P/E Ratio – 24.8
No. of Employees – 18,000+

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#3 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.

In FY 2024, Nestlé India entered into a significant collaboration with Dr Reddy’s Laboratories to establish a joint venture focused on nutraceutical brands. In terms of equity structure, Nestlé India will hold a 49% stake in the joint venture, while Dr Reddy’s Laboratories will have a 51% stake. The joint venture is expected to commence operations in the second quarter of FY 2025.

Revenue – INR 24,394 crore
Net Income – INR 3,933 crore
3-Year Sales growth – 22.2%
ROCE – 169%
P/E Ratio – 67.8
No. of Employees – 8,900+

#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.

Siemens is rapidly expanding its manufacturing operations in India, with a total investment projected to exceed INR 1,000 crore. This includes enhancements at the Power Transformer factory in Kalwa and the Vacuum Interrupter factory in Goa. The Goa facility will produce advanced Gas Insulated Switchgear and Clean Air GIS technologies, addressing the growing demand in various sectors including data centres and metro rail.

In its Q4 FY24 report, the company stated that new orders increased by 64%, reaching INR 6,164 crore. Profit after tax rose by 45% to INR 775 crore, and the company’s board recommended a dividend of INR 12 per share.

Revenue – INR 22,240 crore
Net Income – INR 2,718 crore
3-Year Sales growth – 19.0%
ROCE – 25.6%
P/E Ratio – 99.1
No. of Employees – 8,888

#5 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.

As of September 2024, the order backlog reached INR 9,995 crore, marking a 25% increase year-on-year, which provides strong revenue visibility for upcoming quarters.

Revenue – INR 10,447 crore
Net Income – INR 1,242 crore
3-Year Sales growth – 21.5%
ROCE – 30.7%
P/E Ratio – 93.2
No. of Employees – 3,139

#6 United Spirits

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 11,321 crore
Net Income – INR 1,408 crore
3-Year Sales growth – 11.7%
ROCE – 27.9%
P/E Ratio – 77.4
No. of Employees – 2,500+

#7 Bosch

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 eighteen manufacturing facilities in India. Its primary facilities are situated in Nashik, Naganathapura (Bangalore), Jaipur, Gangaikondan (Tirunelveli), Chennai, and Bidadi.

Bosch’s hydrogen engine technology gained global recognition as a Zero Emission Vehicle (ZEV) powertrain in the European Union and was acknowledged by the North American Environmental Protection Agency under new GHG regulations. This positions Bosch as a leader in sustainable automotive solutions. The company also launched an advanced Tyre Pressure Monitoring System and advanced Lambda Sensors to support upcoming regulatory standards in India.

Revenue – INR 16,727 crore
Net Income – INR 2,490 crore
3-Year Sales growth – 19.8%
ROCE – 20.6%
P/E Ratio – 51.5
No. of Employees – 30,000+

#8 Procter & Gamble Hygiene & Health Care

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 currently operates nine manufacturing facilities across India, located in Baddi, Bhiwadi, Goa, Hyderabad, Bhopal, and Ahmedabad.

Revenue – INR 4,206 crore
Net Income – INR 675 crore
3-Year Sales growth – 5.57%
ROCE – 112%
P/E Ratio – 76.3
No. of Employees – 439

#9 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 5,680 crore
Net Income – INR 1,324 crore
3-Year Sales growth – 5.47%
ROCE – 96.8%
P/E Ratio – 53.5
No. of Employees – 2,472

#10 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 centres. 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.

In October 2024, Linde announced that it had signed agreements to de-captivate two air separation units (ASUs) and expand its existing supply of industrial gases to Tata Steel Limited in Odisha, India.

Revenue – INR 2,769 crore
Net Income – INR 426 crore
3-Year Sales growth – 23.5%
ROCE – 17.4%
P/E Ratio – 135
No. of Employees – 207