Description
Indian acquisitions in the european region, future plans of indian companies in the EU. It gives future plans of TCS, zensar technologies, moser baer, ranbaxy limited in the european region.
INDIAN COMPANIES DOING BUSINESS IN EUROPEAN UNION
Introduction
? The India-EU relationship had its origins in the early ‘60s. ? India was among the first developing countries to establish diplomatic ties with the formerly six-nation European Economic Community.
? A strong thrust for cooperation came in December 1993 in the form of the Co-operation Agreement on Partnership and Development.
? In July 1996, the relationship was further strengthened by the EU-India Enhanced Partnership proposed by the European Commission. ? The first EU-India summit in June 2000 marked the evolution of this relationship, and the summit has been an annual feature since then.
Some of the Indian companies in EU
Major Acquisitions in EU
• Tata acquired Corus: Tata Steel took over the Anglo-Dutch firm Corus Group in 2006 .The deal was worth $7.6 billion (Rs. 36,650 crore) at that time, and is the biggest acquisition in the history of India. Tata acquired Jaguar and Land Rover: Tata shook the automobile market once again in 2008 when it snapped Britain’s most famous automobile manufacturers, Jaguar and Land Rover, in a $2.3 billion deal with Ford, their American owners. Essel Packaging acquired Propack: Subhash Chandra’s Essel Packaging Ltd (EPL) acquired the Swiss tube packaging major Propack. Ranbaxy acquired 3 European drug-makers: In 2006, Ranbaxy Laboratories Ltd. (RLL) created quite a stir when it announced the acquisition of 3 drug-makers in Europe, all within a week’s time. Allen S.p.A, a division of GlaxoSmithKline (GSK) in Italy, Romania’s largest independent generic drug producer Terapia and drug maker Ethimed NV in Belgium, three of these firms were acquired by the Indian firm.
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Major Acquisitions in EU
• Wockhardt acquired Negma Laboratories: In 2007, at a deal of $265 million, Wockhardt became the largest Indian pharmaceutical company in Europe with more than 1500 employees based in the continent. Times Group Acquired Virgin Radio: Bennett Coleman & Co Ltd, India’s largest media group and the holding company of the Times of India group, bought Virgin Radio in the UK in a £53.2 million (Rs 445cr approx) deal with SMG Plc. in 2008. Mahindra & Mahindra acquired Schoneweiss: Mahindra & Mahindra acquired 90% stakes of Schoneweiss, a leading company in the forging sector in Germany. The deal took place in 2007, and consolidated Mahindra’s position in the global market. ONGC acquired Imperial Energy: Oil and Natural Gas Corp. Ltd (ONGC) took control of Imperial Energy Plc. for $1.9 billion in early 2009. About 96.8% of London-listed firm’s total shareholders accepted the takeover offer.
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Service Industry
EU – The strategic destination of Indian companies
Some examples of IT Industry
TATA CONSULTANCY SERVICES LIMITED
?It started its operations in 1968 and is a part of Asia's largest business the Tata Group. conglomerates – ? It offers a range of services, including consulting, IT, business process outsourcing, banking services, IT infrastructure, engineering services, and product-based solutions. ?TCS entered the EU in 1975 by opening an office in the UK. ?It has strategic partnerships with several EU companies such as TKS Teknosoft SA in Switzerland and France, GANYMED Computer and Budke System Beratung in Germany, Artech A/S in Denmark and Azul Ltd. in Finland.
Future Plans
• Life and Pension Industry ? TCS’ UK subsidiary, Diligenta, is focusing on the life assurance market in the BPO domain. It is focussing on providing BPO services in processing and administration to the life assurance and pension industries. • Focus on Europe ? Due to the economic slowdown in the US, the company is focussing on revenue growth from the EU. It hopes to win some major contracts, ? TCS plans to hire a large number of employees from Eastern Europe. It is also planning to expand its operations in East European countries such as Hungary and Romania.
• Company Background • Zensar Technologies is a joint venture between Fujitsu Services and RPG, with Electra Investments Trust as an institutional investor. • It provides software solutions to Fortune 500 clients across 18 countries, including China and India. It entered into alliances with organisations such as Microsoft, IBM and Oracle. • Zensar is headquartered in Pune and has a marketing presence in the US, the EU, the Middle East, South Africa, and a number of other countries in the Asia Pacific. ? In EU, its has operations of 24% of its total.
ZENSAR TECHNOLOGIES
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Operations in EU Zensar Technologies has a presence in Germany through its wholly owned subsidiary, Zensar Technologies GmbH. Finland serves as the sales hub of the company for northern Europe and the company is present in the verticals of finance, telecom and software products in this region. Additionally, it carries out significant work in the area of application modernisation and product-engineering services. Future Plans: It plans to increase its focus on the retail, logistics, financial services, telecom and utilities sectors in the region, It is also concentrating on tapping the market for the outsourcing of IT services. Zensar plans to make acquisitions in the EU to gain domain expertise and strengthen its brand name. The company is also emphasising on enhancing its service offerings portfolio to include remote infrastructure management, integrated IT and BPO solutions, and retail solutions. Zensar has plans to start its operations in Poland, as a near shore centre for Continental Europe.
Manufacturing & Automobiles Sectors
Manufacturing & Automobiles Sector
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Profile:
• Moser Baer India Limited, incorporated in 1983, is headquartered in New Delhi. • Leading developers and manufacturers of removable data storage media in the world • Among the top three optical storage media manufacturers in the world. • Manufactures optical media at the lowest cost in the world.
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Moser Baer in the European Union (EU):
• Germany: Wholly owned subsidiary, European Optic Media Technology Gmbh (Europtic), incorporated in September 2002 in Erfurt, Thuringen, Germany. • Europtic targets niche markets, and aims at establishing a manufacturing facility to produce different types of optical media • Moser Baer has its office in the Netherlands.
Factors for Success
• R&D , CRM • Comprehensive Logistics and Supply Chain System
Future Plans
• Business Diversification
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• The largest specialty packaging company – manufacturing laminated and seamless or extruded plastic tubes. • Holding a market share of 33% in the laminated tubes domain & 12% of its revenue comes from Europe.
• Essel Propack leads as the world’s largest manufacturer with units operating across countries such as USA, Mexico, Colombia, United Kingdom, Poland, Germany, Egypt, Russia, China, Philippines, Indonesia and India.
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Essel Propack in the EU:
• Swanley, England : 2005, acquired Telcon Packaging Ltd. and established first manufacturing facility for laminated tubes in UK– Essel Propack UK. • Miedzyrzecz, Poland: Essel Propack Polska -2007 • Dresden, Germany: 1999. JV between Dr. Röschinger, a German entrepreneur, TET Ltd. Mauritius and Essel Propack Ltd.
Future Plans:
• Foraying into the Medical Devices Business • Focus on the bio-degradable Tubes Market • Exploring New Business Models
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Some examples of
Pharmaceuticals Industry
RANBAXY LABORATORIES LIMITED
• • Ranbaxy Laboratories Limited (Ranbaxy) is India's largest pharmaceutical company. Serves its customers in over 125 countries .
Foreign Ownership in EU • • • • In 2006, acquired Terapia the largest independent generic company in Romania. In Italy, the unbranded generic business of Allen S.p.A. a division of GSK In Belgium it acquired Ethimed N.V. Later during the year, the company also acquired Mundogen, the generic business of GSK in Spain.
RANBAXY LABORATORIES LIMITED
• The company has a strong footprint in Europe, being present in 21 of the 25 EU countries. Generics market in Europe grew by 6.2% in value terms, up from 4.7% growth in the last year, and accounted for 37.4% of the market in volume terms, up from 36.4% in previous year.
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Romania, the Company's largest market in Europe, is witnessing a liquidity crunch in the distribution channel, and also expected to undergo multiple healthcare reforms, which is adversely affecting the market growth. Despite the many challenges, Ranbaxy has maintained its leadership position in generics + OTC segment in this market. Future Plan: • On a macro level, Europe is the second largest pharma market after US. Ranbaxy’s focus is to gain a critical mass in this potential market.
Glenmark Pharmaceuticals Limited
•Glenmark Pharmaceuticals Ltd. is a research-driven, global, integrated pharmaceutical company. •Manufactures and markets generic formulation products and active pharmaceutical ingredients (API). •Glenmark made a foray into the EU in 2004. Operates in the UK through its subsidiary, Glenmark Pharmaceuticals (UK) Ltd. •Generics business forayed into new markets in Europe, including the Nordic region, Netherlands and Germany in 2009.
Glenmark Pharmaceuticals Limited
•The central and eastern european markets comprising Czech Republic, Slovakia, Romania, and Poland registered an overall 37% growth in revenue over the previous financial year. •While Generics business, in EU, reported a strong revenue growth of 104% at Rs. 299.38 as against 146.94 Mn of the previous year.
Future Plans
?Growth through Partnerships and Acquisitions. ?Partnering its Pipeline of Novel Drugs.
Banking and Airline in EU
ICICI Bank
• • Subsidiary ICICI Bank UK Limited opened branch in Antwerp, Belgium Activities: The bank facilitates Indian companies in 1. Procuring trade finance 2. Letters of credit 3. Project finance for their business ventures in the EU 4. Retail banking, private banking, corporate banking. Strategy: 1. Advantage for Indian Companies 2. Leverage on NRI 3. Synergy with Indian Operations 4. Alliance with Lloyds TSB Branch Future Prospects 1. To be full-service corporate solution provider 2. Enhance mergers & acquisitions
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Bank of Baroda19
• • • • ‘Global Syndication Centre’ at London In 1976, BOB set up its branch at Brussels, Belgium Profile: Offers deposits, money transfer, trade finance, term loans and foreign exchange Strategy: 1. Large NRI base with large remittance market 2. Re-branding programme across all its branches, (Rahul Dravid), helped the bank in attracting new customers in the Belgium 3. Widespread solutions Future Prospects 1. Rolling Out of Core Banking Solution (CBS) 2. Expansion of Branches
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Jet Airways
• • • Networth: INR 2641 Cr Offices in London and Brussels in Belgium. Frequent Flier Program (FFP) partnership with Lufthansa Airlines, SWISS and Austrian Airlines Strategy 1. India – An Investment Destination 2. Tapping the NRI market 3. Tourism Driving the Growth Future prospects 1. Expanding Current Markets 2. Ambitious Expansion Plans
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doc_118919004.pptx
Indian acquisitions in the european region, future plans of indian companies in the EU. It gives future plans of TCS, zensar technologies, moser baer, ranbaxy limited in the european region.
INDIAN COMPANIES DOING BUSINESS IN EUROPEAN UNION
Introduction
? The India-EU relationship had its origins in the early ‘60s. ? India was among the first developing countries to establish diplomatic ties with the formerly six-nation European Economic Community.
? A strong thrust for cooperation came in December 1993 in the form of the Co-operation Agreement on Partnership and Development.
? In July 1996, the relationship was further strengthened by the EU-India Enhanced Partnership proposed by the European Commission. ? The first EU-India summit in June 2000 marked the evolution of this relationship, and the summit has been an annual feature since then.
Some of the Indian companies in EU
Major Acquisitions in EU
• Tata acquired Corus: Tata Steel took over the Anglo-Dutch firm Corus Group in 2006 .The deal was worth $7.6 billion (Rs. 36,650 crore) at that time, and is the biggest acquisition in the history of India. Tata acquired Jaguar and Land Rover: Tata shook the automobile market once again in 2008 when it snapped Britain’s most famous automobile manufacturers, Jaguar and Land Rover, in a $2.3 billion deal with Ford, their American owners. Essel Packaging acquired Propack: Subhash Chandra’s Essel Packaging Ltd (EPL) acquired the Swiss tube packaging major Propack. Ranbaxy acquired 3 European drug-makers: In 2006, Ranbaxy Laboratories Ltd. (RLL) created quite a stir when it announced the acquisition of 3 drug-makers in Europe, all within a week’s time. Allen S.p.A, a division of GlaxoSmithKline (GSK) in Italy, Romania’s largest independent generic drug producer Terapia and drug maker Ethimed NV in Belgium, three of these firms were acquired by the Indian firm.
•
•
•
Major Acquisitions in EU
• Wockhardt acquired Negma Laboratories: In 2007, at a deal of $265 million, Wockhardt became the largest Indian pharmaceutical company in Europe with more than 1500 employees based in the continent. Times Group Acquired Virgin Radio: Bennett Coleman & Co Ltd, India’s largest media group and the holding company of the Times of India group, bought Virgin Radio in the UK in a £53.2 million (Rs 445cr approx) deal with SMG Plc. in 2008. Mahindra & Mahindra acquired Schoneweiss: Mahindra & Mahindra acquired 90% stakes of Schoneweiss, a leading company in the forging sector in Germany. The deal took place in 2007, and consolidated Mahindra’s position in the global market. ONGC acquired Imperial Energy: Oil and Natural Gas Corp. Ltd (ONGC) took control of Imperial Energy Plc. for $1.9 billion in early 2009. About 96.8% of London-listed firm’s total shareholders accepted the takeover offer.
•
•
•
Service Industry
EU – The strategic destination of Indian companies
Some examples of IT Industry
TATA CONSULTANCY SERVICES LIMITED
?It started its operations in 1968 and is a part of Asia's largest business the Tata Group. conglomerates – ? It offers a range of services, including consulting, IT, business process outsourcing, banking services, IT infrastructure, engineering services, and product-based solutions. ?TCS entered the EU in 1975 by opening an office in the UK. ?It has strategic partnerships with several EU companies such as TKS Teknosoft SA in Switzerland and France, GANYMED Computer and Budke System Beratung in Germany, Artech A/S in Denmark and Azul Ltd. in Finland.
Future Plans
• Life and Pension Industry ? TCS’ UK subsidiary, Diligenta, is focusing on the life assurance market in the BPO domain. It is focussing on providing BPO services in processing and administration to the life assurance and pension industries. • Focus on Europe ? Due to the economic slowdown in the US, the company is focussing on revenue growth from the EU. It hopes to win some major contracts, ? TCS plans to hire a large number of employees from Eastern Europe. It is also planning to expand its operations in East European countries such as Hungary and Romania.
• Company Background • Zensar Technologies is a joint venture between Fujitsu Services and RPG, with Electra Investments Trust as an institutional investor. • It provides software solutions to Fortune 500 clients across 18 countries, including China and India. It entered into alliances with organisations such as Microsoft, IBM and Oracle. • Zensar is headquartered in Pune and has a marketing presence in the US, the EU, the Middle East, South Africa, and a number of other countries in the Asia Pacific. ? In EU, its has operations of 24% of its total.
ZENSAR TECHNOLOGIES
?
?
• ?
? ?
?
Operations in EU Zensar Technologies has a presence in Germany through its wholly owned subsidiary, Zensar Technologies GmbH. Finland serves as the sales hub of the company for northern Europe and the company is present in the verticals of finance, telecom and software products in this region. Additionally, it carries out significant work in the area of application modernisation and product-engineering services. Future Plans: It plans to increase its focus on the retail, logistics, financial services, telecom and utilities sectors in the region, It is also concentrating on tapping the market for the outsourcing of IT services. Zensar plans to make acquisitions in the EU to gain domain expertise and strengthen its brand name. The company is also emphasising on enhancing its service offerings portfolio to include remote infrastructure management, integrated IT and BPO solutions, and retail solutions. Zensar has plans to start its operations in Poland, as a near shore centre for Continental Europe.
Manufacturing & Automobiles Sectors
Manufacturing & Automobiles Sector
15
Profile:
• Moser Baer India Limited, incorporated in 1983, is headquartered in New Delhi. • Leading developers and manufacturers of removable data storage media in the world • Among the top three optical storage media manufacturers in the world. • Manufactures optical media at the lowest cost in the world.
16
Moser Baer in the European Union (EU):
• Germany: Wholly owned subsidiary, European Optic Media Technology Gmbh (Europtic), incorporated in September 2002 in Erfurt, Thuringen, Germany. • Europtic targets niche markets, and aims at establishing a manufacturing facility to produce different types of optical media • Moser Baer has its office in the Netherlands.
Factors for Success
• R&D , CRM • Comprehensive Logistics and Supply Chain System
Future Plans
• Business Diversification
17
• The largest specialty packaging company – manufacturing laminated and seamless or extruded plastic tubes. • Holding a market share of 33% in the laminated tubes domain & 12% of its revenue comes from Europe.
• Essel Propack leads as the world’s largest manufacturer with units operating across countries such as USA, Mexico, Colombia, United Kingdom, Poland, Germany, Egypt, Russia, China, Philippines, Indonesia and India.
18
Essel Propack in the EU:
• Swanley, England : 2005, acquired Telcon Packaging Ltd. and established first manufacturing facility for laminated tubes in UK– Essel Propack UK. • Miedzyrzecz, Poland: Essel Propack Polska -2007 • Dresden, Germany: 1999. JV between Dr. Röschinger, a German entrepreneur, TET Ltd. Mauritius and Essel Propack Ltd.
Future Plans:
• Foraying into the Medical Devices Business • Focus on the bio-degradable Tubes Market • Exploring New Business Models
19
Some examples of
Pharmaceuticals Industry
RANBAXY LABORATORIES LIMITED
• • Ranbaxy Laboratories Limited (Ranbaxy) is India's largest pharmaceutical company. Serves its customers in over 125 countries .
Foreign Ownership in EU • • • • In 2006, acquired Terapia the largest independent generic company in Romania. In Italy, the unbranded generic business of Allen S.p.A. a division of GSK In Belgium it acquired Ethimed N.V. Later during the year, the company also acquired Mundogen, the generic business of GSK in Spain.
RANBAXY LABORATORIES LIMITED
• The company has a strong footprint in Europe, being present in 21 of the 25 EU countries. Generics market in Europe grew by 6.2% in value terms, up from 4.7% growth in the last year, and accounted for 37.4% of the market in volume terms, up from 36.4% in previous year.
•
•
Romania, the Company's largest market in Europe, is witnessing a liquidity crunch in the distribution channel, and also expected to undergo multiple healthcare reforms, which is adversely affecting the market growth. Despite the many challenges, Ranbaxy has maintained its leadership position in generics + OTC segment in this market. Future Plan: • On a macro level, Europe is the second largest pharma market after US. Ranbaxy’s focus is to gain a critical mass in this potential market.
Glenmark Pharmaceuticals Limited
•Glenmark Pharmaceuticals Ltd. is a research-driven, global, integrated pharmaceutical company. •Manufactures and markets generic formulation products and active pharmaceutical ingredients (API). •Glenmark made a foray into the EU in 2004. Operates in the UK through its subsidiary, Glenmark Pharmaceuticals (UK) Ltd. •Generics business forayed into new markets in Europe, including the Nordic region, Netherlands and Germany in 2009.
Glenmark Pharmaceuticals Limited
•The central and eastern european markets comprising Czech Republic, Slovakia, Romania, and Poland registered an overall 37% growth in revenue over the previous financial year. •While Generics business, in EU, reported a strong revenue growth of 104% at Rs. 299.38 as against 146.94 Mn of the previous year.
Future Plans
?Growth through Partnerships and Acquisitions. ?Partnering its Pipeline of Novel Drugs.
Banking and Airline in EU
ICICI Bank
• • Subsidiary ICICI Bank UK Limited opened branch in Antwerp, Belgium Activities: The bank facilitates Indian companies in 1. Procuring trade finance 2. Letters of credit 3. Project finance for their business ventures in the EU 4. Retail banking, private banking, corporate banking. Strategy: 1. Advantage for Indian Companies 2. Leverage on NRI 3. Synergy with Indian Operations 4. Alliance with Lloyds TSB Branch Future Prospects 1. To be full-service corporate solution provider 2. Enhance mergers & acquisitions
•
•
Bank of Baroda19
• • • • ‘Global Syndication Centre’ at London In 1976, BOB set up its branch at Brussels, Belgium Profile: Offers deposits, money transfer, trade finance, term loans and foreign exchange Strategy: 1. Large NRI base with large remittance market 2. Re-branding programme across all its branches, (Rahul Dravid), helped the bank in attracting new customers in the Belgium 3. Widespread solutions Future Prospects 1. Rolling Out of Core Banking Solution (CBS) 2. Expansion of Branches
•
Jet Airways
• • • Networth: INR 2641 Cr Offices in London and Brussels in Belgium. Frequent Flier Program (FFP) partnership with Lufthansa Airlines, SWISS and Austrian Airlines Strategy 1. India – An Investment Destination 2. Tapping the NRI market 3. Tourism Driving the Growth Future prospects 1. Expanding Current Markets 2. Ambitious Expansion Plans
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•
doc_118919004.pptx