Companies with monopoly are the leaders of their respective industries. Therefore, they dominate the sector and face minimum or no competition. These companies hold the largest market share for their own products.
Let’s take a look at the top 10 companies with monopoly in India.
BHEL is a leading manufacturer of power generation equipment globally. Also, it is India’s biggest manufacturing and engineering enterprise. It has a wide range of services like Nuclear and solar PV, power-thermal, gas, hydro, transportation, defense, aerospace and more. Furthermore, BHEL is the largest shareholder in the emission control equipment business in India.
Indian Ministry of Railways manages the Container Corporation of India Limited. Generally, CONCOR’s services involve MMLP operation, terminal operation, cargo carrier, warehouse operation and more. Moreover, they are a market shareholder of domestic business in 2019-20.
8. PIDILITE INDUSTRIES
Specifically, Pidilite manufactures adhesives. It also produces construction chemicals, art materials and various industrial chemicals. Pidilite Industries Ltd is the leading shareholder of Adhesive and Industrial Chemical market.
Even though Marico is a well-known Indian FMCG company, its victory comes from the two brands, ‘Parachute’ and ‘Saffola’. Consequently, in the segment of refined edible oil, Saffola holds a leadership of 73% share. Parachute has a share of 59% as well.
6. ITC LIMITED
ITC‘s cigarette business is still a success in Indian markets. Additionally, the company’s various brands are India Kings, Gold Flake, Navy Cut, Scissors, Silk Cut and more. ITC has a distribution network all over the country.
5. HINDUSTAN ZINC
This is the second biggest zinc-lead miner in the world. In 1966, this was taken in as the Metal Corporation of India. Currently, Hindustan Zinc is a leading shareholder in the Indian primary zinc industry with a 78% share.
4. COAL INDIA
Coal India is the world’s largest company to produce coal. Ministry of Coal manages the working and the Union Government owns it. Besides, Coal India provides the 82% of total production of coal in India.
Basically, Nestlé is one of the leading health, nutrition & wellness companies in the world. Nestlé’s instant cereal brand Cerelac is a well renowned product for babies. For more than a century, Nestlé has been the leading shareholder in the baby food sector. It holds a share of 96.5% in the market.
Initially, the Hindustan Aeronautics Limited has a very crucial role in Indian Defense representing the Indian aviation industry. Presently, HAL does the designing, manufacturing, setting up jet engines, helicopters, aircraft and spare parts.
Indian Railway Catering and Tourism Corporation is in fact the only operator in the Indian markets in this industry. It is one of the world’s biggest railways. It also is one of the world’s biggest employers in the world.