MNC news is always a trendy topic in News Portal, so one can ask what is an mnc?
In short, MNC is an acronym for Multinational companies. MNC or Multinational Corporations are the same things. One is the acronym and the other is the initial word.
You might be wondering about the multinational corporations definition;
The term multinational corporation refers to a group of companies, subsidiaries or affiliates operating under the same umbrella for economic reasons. Let’s discuss MNC Definition with a list of multinational corporations!
What is a multinational corporation?
A multinational corporation is a corporation that operates in more than one country or a company that has subsidiaries and other legal entities operating in multiple countries.
If I make it clear, A Multinational company is a corporate organization that operates its businesses in its own country, as well as in other countries around the world. They also produce and sell products in separate countries, which may include its home country.
Some examples of multinational companies are U.S. Steel, AT&T, and Toyota.
Generally, a multinational corporation or multinational organization controls its production of goods or services in at least one country other than its home country.
These companies, also known as international, stateless, or transnational corporate organizations tend to have budgets that exceed those of many small countries.
Examples like; Apple, Amazon, Microsoft, Dell, and other world’s largest corporations.
Every multinational firm generally has offices and workshops in different countries and a centralized headquarters where they coordinate global management.
A multinational corporation can also be referred to as an international corporation, a transnational enterprise (TNE), a multinational enterprise (MNE), a transnational corporation (TNC), or a stateless corporation. There is a common characteristic of a centralized organization. All are subtle, but real differences between their terms.
I hope your thoughts have been revealed by the above MNC definition, If you have any other queries about the definition of multinational corporations just let us know! We will try to answer your interrogation.
Let’s continue again; You may think
What are the types of multinational companies?
There are many different types of multinational corporations. They can be categorized by their headquarter location and also by the export of goods and services from where they are produced.
There are four types of mnc company that exist. The multinational corporation includes:
- Decentralized multinational organizations with a strong presence in their home country.
- Global corporation is a centralized corporation that acquires a cost advantage where cheap resources are available.
- The international corporation builds on the parent corporation’s R&D.
- Transnational enterprises or TNC corporations use all three categories.
What are some multinational companies?
Here we had added some examples of multinational corporations, hope you can better understand this global corporation;
Top Multinational Companies in the World
The term multinational corporations (MNCs) refers to companies that operate in two or more countries. These include industries such as banking, insurance, and telecommunications. They are also known as transnational companies (TNCs).
Multinational firms are usually large corporation incorporated in one and different country which produces or sells goods or services in various countries.
Note: This list is compiled by revenue and market capitalization.
Here we have created a list of top multinational companies in the world that have been succeeding in 2022.
Founder: Sam Walton
Headquarter: United States
Company Founded: July 2, 1962
Number of employees: 2.2 million, Worldwide (2020)
Revenue: $559.2 billion (In USD)
Walmart Inc. is an American multinational and retail corporation. Walmart grew into one of the world’s largest retailers. The company operates a chain of hypermarkets, discount department stores, supercenters, and neighborhood markets, as well as a robust online platform and grocery stores.
Walmart sells a wide variety of merchandise including clothing and apparel, home goods, books, jewelry, food and beverage, pharmaceutical supplies, and automotive equipment.
Founder: Jeff Bezos
Headquarter: United States
Company Founded: July 5, 1994
Number of employees: 1,298,000 (Dec. 2020)
Revenue: $386.064 billion (2020)
Amazon Inc. is an American multinational technology company and the world’s largest online marketplace. Amazon.com is the world’s largest online retailer by market cap. It is one of the Big Five companies in the American information technology industry, along with Google, Apple, Microsoft, and Facebook.
The company has been referred to as well as the world’s most valuable brand. Amazon deals with e-commerce, cloud computing, digital streaming, and artificial intelligence.
Royal Dutch Shell
Founder: Samuel Samuel
Headquarter: The Hague, Netherlands
Company Founded: April 1907
Number of employees: 86,000 (2021)
Revenue: $344,379 billion (2020)
Royal Dutch Shell plc is a British-Dutch multinational oil and gas company. It is one of the oil and gas “supermajors” and the fifth-largest company in the world measured by 2020 revenues.
Shell has operations in over 70 countries, produces around 3.7 million barrels of oil equivalent per day and has 44,000 service stations worldwide.
Shell Group is vertically integrated and is active in every area of the oil and gas industry, including exploration and production, refining, transport, distribution and marketing, petrochemicals, power generation, and trading. It also has renewable energy activities, including biofuels, wind, energy-kite systems, and hydrogen.
Founder: German Labour Front
Headquarter: Wolfsburg, Germany
Company Founded: May 28, 1937
Number of employees: 304,174 (2019)
Volkswagen AG is a German multinational automotive manufacturing corporation. Internationally it is known as the Volkswagen Group.
It designs, manufactures, and distributes passenger and commercial vehicles, motorcycles, engines, and turbomachinery and offers related services including financing, leasing, and fleet management.
The company has operations in approximately 150 countries and operates 100 production facilities across 27 countries.
The Volkswagen Group sells passenger cars under Audi, Bentley, Bugatti, Lamborghini, Porsche, SEAT, Škoda, and Volkswagen marques.
Heavy commercial vehicles under the marquess of listed subsidiary Traton: MAN, Scania, and Volkswagen Caminhões e Ônibus.
Motorcycles under the Ducati brand and light commercial vehicles under the Volkswagen Commercial Vehicles brand.
It is divided into two primary divisions—the Automotive Division and the Financial Services Division—and as of 2008 had approximately 342 subsidiary companies.
In 2016, it was the world’s largest automaker by sales, overtaking Toyota and keeping this title in 2017, 2018, and 2019, selling 10.9 million vehicles.
Founder: William Knox D’Arcy
Headquarter: London, England (United Kingdom)
Company Founded: 14 April 1909
Number of employees: 70,100 (2020)
Industry: Oil and gas
BP plc is a British multinational oil and gas company. BP Plc is one of the world’s largest integrated oil and gas companies. It is known as British Petroleum and formerly The British Petroleum Company plc and BP Amoco plc.
The company is involved in almost every step of the oil and natural gas supply chain, from exploration to the sale and marketing of energy products.
Founder: Kiichiro Toyoda
Headquarter: Toyota, Aichi, Japan
Company Founded: August 28, 1937
Number of employees: 364,445
Toyota Motor Corporation is a Japanese multinational automotive manufacturing company. Toyota is the largest automobile manufacturer in the world followed by Volkswagen, based on 2020 unit sales.
Toyota is a Japanese automobile company that manufactures, sells, leases, and repairs passenger cars, trucks, and buses worldwide. The company also sells parts and equipment and operates financing services.
Toyota Motor Corporation produces vehicles under five brands, including the Toyota brand, Hino, Lexus, Ranz, and Daihatsu.
Aside from its core business, Toyota also develops intelligent transportation systems utilizing cruise control and electronic toll systems and builds pleasure boats and homes as well.
Founder: Steve Jobs
Headquarter: Cupertino, California, United States
Company Founded: April 1, 1976
Number of employees: 147,000 (2020)
Apple Inc. is an American multinational technology company. Apple company designs, manufactures, and markets a broad range of consumer technology products, including smartphones, personal computers, tablets, computer software, wearable devices, home entertainment devices, online services, and more.
Among the company’s most popular products are its iPhone line of smartphones and Mac line of computers.
It is considered one of the Big Five companies in the United States information technology industry, along with Amazon, Google, Microsoft, and Facebook.
Founder: John D. Rockefeller
Headquarter: Irving, Texas, United States
Company Founded: November 30, 1999
Number of employees: 74,900 (2019)
Industry: Oil and gas
Exxon Mobil Corporation is an American multinational oil and gas corporation. ExxonMobil’s primary brands are Exxon, Mobil, Esso, and ExxonMobil Chemical.
ExxonMobil is one of the largest oil companies in the world. With 37 oil refineries in 21 countries constituting a combined daily refining capacity of 6.3 million barrels (1,000,000 m3).
Founder: Oliver Chace
Headquarter: Omaha, Nebraska, United States
Company Founded: 1839, New Bedford, MA
Number of employees: 391,500 (2019)
Berkshire Hathaway is an American multinational conglomerate holding company. It is a diversified holding corporation that owns companies in a broad range of sectors and industries.
They include insurance, energy generation, freight rail transportation, retail, and manufacturing companies, among others. The company also holds a substantial portfolio of equity securities and derivatives.
According to the Forbes Global 2000 list, Berkshire Hathaway is the eighth-largest public company in the world, the tenth-largest conglomerate by revenue, and the largest financial services company by revenue in the world.
Founder: Marc Rich
Headquarter: Baar, Switzerland
Company Founded: 1974
Number of employees: 145,000 (2021)
Glencore plc is an Anglo-Swiss multinational commodity trading and mining company.
Glencore had a number of production facilities all around the world and supplied metals, minerals, crude oil, oil products, coal, natural gas, and agricultural products to international customers in the automotive, power generation, steel production, and food processing industries.
Its headquarters is in Baar, Switzerland, its oil and gas head office is in London, and its registered office is in Saint Helier, Jersey.
Founder: Lee Byung-Chul
Headquarter: Seoul, South Korea
Company Founded: March 1, 1938
Number of employees: 287,439 (2019)
Samsung Electronics Co. Ltd. is a South Korean multinational electronics company. The Samsung Group is a conglomerate company. It comprises numerous affiliated businesses, most of them united under the Samsung brand, and is the largest South Korean chaebol.
Samsung Electronics has played a key role in the group’s corporate governance due to circular ownership. Samsung Electronics has assembly plants and sales networks in 74 countries and employs around 290,000 people.
Founder: Benz & Cie.
Headquarter: Stuttgart, Germany
Company Founded: 1926 (New November 17, 1998)
Number of employees: 298,655 (31 Dec. 2019)
Daimler AG is a German multinational automotive corporation. It is one of the world’s leading car and truck manufacturers.
Daimler AG is commonly known and referred to as Mercedes-Benz, or simply as Daimler,
Daimler-Benz was formed with the merger of Benz & Cie. and Daimler Motoren Gesellschaft in 1926. The company was renamed DaimlerChrysler upon acquiring the American automobile manufacturer Chrysler Corporation in 1998 and was again renamed Daimler AG upon the divestment of Chrysler to Cerberus Capital Management in 2007 (Chrysler is currently owned by Stellantis).
Daimler owned shares in a number of car, bus, truck, and motorcycle brands including Mercedes-Benz, Mercedes-AMG, Smart Automobile, Detroit Diesel, Freightliner, Western Star, Thomas Built Buses, Setra, BharatBenz, Mitsubishi Fuso, MV Agusta as well as shares in Denza, KAMAZ, and BAIC Motor.
Founder: Larry Page & Sergey Brin
Headquarter: California, United States
Company Founded: October 2, 2015
Number of employees: 135,301 (Q4 2020)
Alphabet Inc. is an American multinational company. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries.
Alphabet is the world’s fourth-largest technology company by revenue and one of the world’s most valuable companies.
Founder: Alexander Graham Bell
Headquarter: Texas, United States
Company Founded: October 5, 1983
Number of employees: 230,000 (2021)
AT&T Inc. is an American multinational conglomerate holding company. It is the world’s largest telecommunications company, this company is the world’s largest mobile telephone services provider, and the largest fixed telephone services provider in the United States through AT&T Communications.
Industrial and Commercial Bank of China
Founder: Chinese Central Government
Headquarter: Beijing, China
Company Founded: 1 January 1984
Number of employees: Decrease 453,048 (2018)
Industry: Banking, Financial Service
Industrial and Commercial Bank of China Limited (ICBC) is a multinational Chinese banking company. ICBC is a state-owned commercial bank. With capital provided by the Ministry of Finance of China.
ICBC was positioned at 1st in The Banker’s Top 1000 World Banks ranking, every year from 2012 to 2019, and first (2019) on the Forbes Global 2000 list of the world’s biggest public companies.
Founder: Ernest Mercier
Headquarter: Courbevoie, France
Company Founded: 28 March 1924
Number of employees: 107,776 (2019)
Industry: Oil and gas
Total SE is a French multinational integrated oil and gas company. Its businesses cover the entire oil and gas chain, from crude oil and natural gas exploration and production to power generation, transportation, refining, petroleum product marketing, and international crude oil and product trading.
Total is also a large scale chemicals manufacturer.
Founder: Terry Gou
Headquarter: New Taipei, Taiwan
Company Founded: 20 February 1974
Number of employees: 803,126 (2017)
Revenue: 803,126 (2017)
Foxconn Technology Group and better known as Foxconn is a Taiwanese multinational electronics contract manufacturer.
Actually, Hon Hai Precision Industry Co., Ltd. is trading worldwide under the name of Foxconn Group.
In 2010, it was the world’s largest electronics manufacturing services provider and the third-largest technology company by revenue. The company is the largest private employer in Taiwan. and one of the largest employers worldwide.
Founder: Six founding partners
Company Founded: 1993
Number of employees: 8,619 (2020)
Trafigura Group Pte. Ltd. is a Singaporean multinational company that trades in base metals and energy. It is the world’s second largest private oil trader after Vitol and the world’s largest private metals trader.
Headquarter: Dearborn, Michigan, United States
Company Founded: June 16, 1903
Founder: Henry Ford
Number of employees: 213,000 (worldwide)
The Ford Motor Company is an American multinational automaker company. The Ford company sells automobiles and commercial vehicles under the Ford brand and most luxury cars under the Lincoln brand.
Ford is the second-largest automaker company in the USA and the fifth-largest in the world (behind Toyota, Volkswagen, Hyundai-Kia, and General Motors).
Founder: James Sinegal & Jeffrey Brotman
Headquarter: Issaquah, Washington, United States
Company Founded: July 12, 1976
Number of employees: 273,000 (2020)
Costco Wholesale Corporation is an American multinational corporation that operates a chain of retail stores. Simply it’s known as Costco.
As of 2015, Costco was the second largest retailer in the world after Walmart, and the world’s largest retailer of choice and prime beef, organic foods, rotisserie chicken, and wine 2016.
In 2019, Costco was ranked #14 on the Fortune 500 rankings of the largest United States corporations by total revenue.
Founder: Claude Bébéar
Headquarter: Matignon, Paris, France
Company Founded: 1816
Number of employees: 120,869 (2020)
AXA S.A. is a French multinational insurance company. Axa is a conglomerate of independently run businesses, operated according to the laws and regulations of many different countries.
The AxA Group operates global insurance, investment management, and other financial services in Western Europe, North America, the India Pacific region, and the Middle East, with a presence also in Africa.
Headquarter: San Ramon, California, United States
Company Founded: September 10, 1879
Number of employees: 44,679 (December 2019)
Industry: Oil and gas
Chevron Corporation is an American multinational energy corporation. Chevron is engaged in every aspect of the oil, and natural gas, including hydrocarbon exploration and production; refining, marketing, and transport; chemicals manufacturing and sales; and power generation.
This is one of the successor companies of Standard Oil and is active in more than 180 countries.
Chevron’s downstream operations manufacture and sell products such as fuels, lubricants, additives, and petrochemicals.
Headquarter: Dublin, Ohio, United States
Company Founded: 1971
Number of employees: ~50,000 (2020)
Cardinal Health, Inc. is an American multinational health care services company and the 14th highest revenue generating company in the United States.
The company specializes in the distribution of pharmaceuticals and medical products, serving more than 100,000 locations. The company also manufactures medical and surgical products, including gloves, surgical apparel, and fluid management products. Cardinal Health provides medical products to over 75 percent of hospitals in the United States.
Founder: Bill Gates & Paul Allen
Headquarters: Redmond, Washington, United States
Company Founded: April 4, 1975
Number of employees: 166,475
Industry: Information technology
Revenue: 166,475 (2020)
Microsoft Corporation is an American multinational technology company. It develops, manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and related services.
Its best known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers.
Microsoft is considered one of the Big Five companies in the United States information technology industry, along with Google, Apple, Amazon, and Facebook. It is the world’s one of the largest software maker company by revenue.
In April 2019, Microsoft reached the trillion-dollar market cap, becoming the third U.S. public company to be valued at over $1 trillion after Apple and Amazon respectively.
The company also produces a wide range of consumer and enterprise software for desktops, laptops, tabs, gadgets, and servers, including Internet search (with Bing), and others.
As of 2020, Microsoft has the third-highest global brand valuation.
Founder: 3 Different Company
Headquarter: New York City, United States
Company Founded: December 1, 2000
Number of employees: 255,351 (D31, 2020)
JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company. JPMorgan Chase is ranked by S&P Global as the largest bank in the United States and the 5th largest bank in the world by total assets, with total assets of US$3.213 trillion. It is also the world’s most valuable bank by market capitalization.
Founder: Soichiro Honda & Takeo Fujisawa
Headquarter: Minato, Tokyo, Japan
Company Founded: October 1946
Number of employees: 215,638 (2018)
The Honda Motor Company, Ltd. is a Japanese public multinational conglomerate manufacturer company. It produces automobiles, motorcycles, and power equipment.
Honda has been the world’s largest motorcycle manufacturer since 1959, reaching a production of 400 million by the end of 2019, as well as the world’s largest manufacturer. Honda is one of the eighth largest automobile manufacturers in the world.
Founder: William C. Durant & Charles Stewart Mott
Headquarter: Detroit, Michigan, United States
Company Founded: September 16, 1908
Number of employees: 164,000 (December 2019)
General Motors Company (GM) is an American multinational corporation. General Motors designs, manufactures, markets, and distributes vehicles and vehicle parts, and sells financial services. The company is the largest American automobile manufacturer and one of the world’s largest automobile manufacturers.
General Motors manufactures vehicles in several countries; its four core automobile brands are Chevrolet, Buick, GMC, and Cadillac.
It also either owns or holds a significant stake in foreign brands such as Wuling, Baojun, and Jiefang. Annual worldwide sales volume reached a milestone of 10 million vehicles in 2016.
Founder: Iwasaki Yatarō
Headquarter: Tokyo, Japan
Company Founded: 1870
Number of employees:
The Mitsubishi Group is a Japanese multinational company in a variety of industries. It is the sixth-largest car manufacturer. This autonomous company is well known for its Mitsubishi Motors, Mitsubishi Atomic Industry, Chemicals Industry, Hitachi Power Systems, Nikon Corporation, and etc.
The four main companies in the Mitsubishi group are MUFG Bank (the largest bank in Japan), Mitsubishi Corporation (a general trading company), Mitsubishi Electric, and Mitsubishi Heavy Industries (both being diversified manufacturing companies).
Headquarter: Manhattan, New York City, United States
Company Founded: October 7, 1983
Number of employees: 135,300 (July 24, 2020)
Verizon Communications Inc. is an American multinational telecommunications conglomerate and a corporate component.
Verizon’s subsidiary Verizon Wireless is the second largest wireless communications service provider in the United States, with 153.1 million mobile customers.
Founder: Carl von Thieme
Headquarter: Munich, Germany
Company Founded: 5 February 1890
Number of employees: 147,268 (2019)
Allianz SE is a European multinational financial services company. Its core businesses are insurance and asset management.
Allianz is the world’s largest insurance company and the largest financial services group according to a composite measure by Forbes magazine.
Founder: Ren Zhengfei
Headquarter: Shenzhen, China
Company Founded: September 15, 1987
Number of employees: 194,000
Huawei Technologies Co., Ltd. is a Chinese multinational technology company. It designs, develops, and sells telecommunications equipment and consumer electronics.
Huawei has deployed its products and services in more than 170 countries.
Huawei has expanded its business to include building telecommunications networks, providing operational and consulting services and equipment to enterprises inside and outside of China, and manufacturing communications devices for the consumer market.
Finally, if you want to know about large multinational companies hope these multinational corporation examples will help you to know all about it!
World Multinational Companies PDF list.
US Multinational Companies List by revenue
America is a country that has many well known and biggest multinational corporations. There has been a surge in the number of multinational companies based internationally.
In this section we have made a list of multinational corporations in USA, most of these companies have expanded their businesses and services worldwide and they have resulted in notable success.
The list below features the top 100 companies that have enabled globalization in the past years. These US multinational companies are listed according to the Fortune Global 500 serial;
|ExxonMobil||Oil and gas||$264,938||$14,340||74,900|
|Chevron||Oil and gas||$146,516||$2,924||48,200|
|Walgreens Boots Alliance||Retail||$136,866||$3,982||287,000|
|Marathon Petroleum||Oil and gas||$124,813||$2,637||60,910|
Above mnc company list is followed current revenue. One more thing, we don’t mention any details about mnc headquartered because all are USA companies.
Looking for a full list of corporations?
Here we had added a full mnc company list, check out the multinational corporations pdf file;
The list of multinational companies in United States.
Read Also: List of Manufacturing Companies in USA
List of Top Multinational Technology Company in The World
Multinational technology companies are those companies which are embedded with the key service of IT. These are the most profitable and largest companies of the world because IT is an integrated part of each and every aspect of the work these multinational companies carry out.
These companies are top-notch in the field of IT, and they have outperformed the smaller and the medium scale IT service providers. They have constantly made significant achievements in the technology field, and they have constantly evolved with the passage of time. They have
Let’s take a look at the top multinational technology companies;
#1 Apple Inc. (AAPL)
#2 Samsung Electronics Co. Ltd.
#3 Hon Hai Precision Industry Co. Ltd. (Foxconn)
#4 Alphabet Inc
#5 Microsoft Corp. (MSFT)
#6 Huawei Technologies Co., Ltd.
#7 Dell Technologies Inc. (DELL)
#8 Hitachi, Ltd.
#9 International Business Machines Corp. (IBM)
#10 Sony Corp. (SNE)
#11 Intel Corp. (INTC)
#12 Facebook Inc
#13 Panasonic Corp. (PCRFY)
#14 HP Inc. (HPQ)
Note; This position can be changed!
FAQs on MNC company
What countries are most multinational corporations?
The name of two countries that operate the world’s largest multinationals today is the United States of America and Japan, the People’s Republic of China is also the headquarters of several growing MNCs.
What are the top 10 multinational companies?
There are many top mnc companies, but these are the first categories top 10 multinational companies;
- Royal Dutch Shell
- BP plc
- Berkshire Hathaway
What is the multinational model?
In the model of multinationals, a parent company operates in the home country and puts up subsidiaries in different countries. The difference is that the subsidiaries and affiliates are more independent in their operations.
There are three types of multinational models for the formation of Multinational Corporations that are listed below:
What are the advantages of MNCs?
Multinational organizations have numerous advantages. The main advantages of multinational company formation is;
- The inflow of Foreign Capital
- Employment Generation
- Cheap Labor Force
- Optimal Use of Idle resources
- Access to Much Larger Markets
- Improvement in Balance of Payment Position
- Access to Lower Tax Rates
- Technical Development
- Managerial Development
- End of Local Monopolies
- Independent Locations Mitigate Risk
What are the top 10 world’s largest companies in 2021?
The Fortune Global Magazine publishes annual rankings of the top 500 corporations worldwide as measured by revenue. Here are the top 10 companies of the World compiled by Fortune magazine. If you work for a large multinational organization that has an extensive opportunities.
The following is the list of top 10 companies;
- State Grid
- China National Petroleum
- Royal Dutch Shell
- Saudi Aramco
- Sinopec Group
- BP plc
An MNC is a multinational corporation, it is hard to define precisely, but we can try and break it down with this article. An MNC should have activities around the world. It is not necessary to be present in every country that it operates at present, but the presence of an operation is needed.
During our research, we found out that there are many definitions associated with MNCs online which makes it confusing to identify if your organization qualifies to fit this definition or not. We have decided to put together some key criteria that make sure you qualify as an MNC.
In the consultation, hope you made a good idea about this global company. I think if you work for a large multinational organization that has an extensive opportunity.