A new report identifies the developing world's most promising multinationals

Manuel Bueno — Fri, 07 Dec 2007 16:31:06 -0500

December 8, 2007 - 17:00, The Economist

They're behind you

Story Link: http://economist.com/business/displaystory.cfm?story_id=10264076

Teaser:
"WE STARTED out abroad as ‘accidental tourists’,” says Anand Mahindra, managing director of Mahindra & Mahindra, an Indian maker of tractors and off-road vehicles. Owed money by a Greek manufacturing plant, it took an equity stake instead, and so Mahindra Hellenic was born in 1984.

Mahindra & Mahindra is now one of 100 companies from the developing world that Boston Consulting Group (BCG) thinks have the clout and ambition to upset the world's multinationals. The consultants sifted over 3,000 companies from 30 countries, picking firms that had revenues approaching or surpassing $1 billion last year and are expanding overseas aggressively (not accidentally). They measure this expansionism by five criteria, including the firms' international sales and assets, and the money they can tap for foreign raids and acquisitions.

"WE STARTED out abroad as ‘accidental tourists’,” says Anand Mahindra, managing director of Mahindra & Mahindra, an Indian maker of tractors and off-road vehicles. Owed money by a Greek manufacturing plant, it took an equity stake instead, and so Mahindra Hellenic was born in 1984.

Mahindra & Mahindra is now one of 100 companies from the developing world that Boston Consulting Group (BCG) thinks have the clout and ambition to upset the world's multinationals. The consultants sifted over 3,000 companies from 30 countries, picking firms that had revenues approaching or surpassing $1 billion last year and are expanding overseas aggressively (not accidentally). They measure this expansionism by five criteria, including the firms' international sales and assets, and the money they can tap for foreign raids and acquisitions.

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A new report identifies the developing world's most promising multinationals