The last boom in the Indian stock markets was inarguably driven by Foreign Institutional Investors (FIIs). These were companies placing their bets on the Indian growth story and rushing hot money in the stock markets.
We bring you the top 10 companies that have the largest share of FIIs, and hence love the most!
In FIRST place:
Name of company: Sybly Industries Limited
FII share in company: 74.18 %
Best known for: Manufacturing Polyester Yarn and Mercerised Cotton Yarn.
Promoted by Shri Satya Prakash Mittal and his sons Mahesh & Umesh Sybly Industries Limited is engaged in the manufacturing of Polyester Yarn and Mercerised Cotton Yarn having its Works and Registered Office at Pawan Puri, (Near Canal), Muradnagar, Distt. Ghaziabad (U.P.)
In December 1995 the Company converted into a Public Limited Company named as SYBLY SPINNING MILLS LIMITED and came out with a Public Issue of Equity Shares over Rs.245 Lacs which was over subscribed nearly by 2 times. With the help of this public issue the Company went into a backward integration project for Spinning of Cotton Yarn with the annual capacity of 1125 M.T. of Single Yarn and 660 M.T. of Cord Yarn.
The Company is presently running with the annual production capacity of 3460 M.T. Polyester Yarn and 660 M.T. Mercerised Cotton Yarn running with its optimum capacity. From January 2001 the Company changed its name to SYBLY INDUSTRIES LIMITED to widen its scope of activities. During the last 18 years, SIL has expanded, modernized & diversifies its manufacturing facility.
In 2nd place:
Name of company: Indiabulls Real Estate
FII share in company: 67.43 %
Best known for: Real Estate
Indiabulls Real Estate Limited is India’s third largest property company with development projects spread across residential projects, commercial offices, hotels, malls, and Special Economic Zones (SEZs) infrastructure development. Indiabulls Real Estate partnered with Farallon Capital Management LLC of USA to bring the first FDI into real estate. Indiabulls Real Estate is transforming 14 million sqft in 16 cities into premium quality, high-end commercial, residential and retail spaces. Indiabulls Real Estate has diversified significantly in the following business verticals within the real estate space: Real Estate Development, Project Advisory & Facilities Management: Residential, Commercial (Office and Malls) and SEZ Development. Power: Thermal and Hydro Power Generation.
Indiabulls Group is one of the top business houses in the country with business interests in Real Estate, Infrastructure, Financial Services and Power sectors. Indiabulls Group companies are listed in Indian and overseas financial markets. The Networth of the Group exceeds USD 2 billion.
In 3rd place:
Name of company: HDFC
FII share in company: 59.85 %
Best known for: Private sector banking.
HDFC was incorporated in 1977 with motto of promoting home ownership by providing long-term finance to households for their housing needs. HDFC was promoted with an initial share capital of Rs. 100 million. Its main subsidiaries are HDFC Bank; HDFC Standard Life; HDFC Mutual Fund; HDFC ERGO General Insurance; HDFC Sales; HDFC Realty. The company is mainly engaged in home loans business.
HDFC Bank was incorporated in August 1994, and, currently has an nationwide network of 1,506 Branches and 3,573 ATM's in 635 Indian towns and cities.
HDFC Standard Life Insurance Company Limited. is one of India's leading private insurance companies, which offers a range of individual and group insurance solutions. It is a joint venture between Housing Development Finance Corporation Limited (HDFC Limited), India's leading housing finance institution and a Group Company of the Standard Life Plc, UK.
In 4th place:
Name of company: Geodesic
FII share in company: 53.47 %
Best known for: Developing products in the information, communication and entertainment space.
Geodesic was founded, by Mr. Pankaj Kumar, Mr. Kiran Kulkarni, Mr. Prashant Mulekar and Mr. Mahesh Murthy, in the year 1999. Geodesic operates in a niche area of developing various innovative products in the information, communication and entertainment space. Geodesic's product-list is versatile and all-encompassing when it comes to offering choice of communication and collaboration solutions to its users, whether it is the inherently simple hand-held Simputer to web-based mobile & wireless applications to the intricately complex Spyder applications. The company offers its products and services under the "Mundu brand name for the retail segment. Mundu IM has been recognized as one of the top 10 applications and has been used by more than 7% of the iPhone users.
Geodesic has been on an acquisition spree over the last three years. In 2005 alone, it acquired three companies, Picopeta Simputers, a Bangalore-based company, Engage Solutions, a Hong Kong-based company and a majority stake in Clangula IT of Sweden. Geodesic acquired a web developing company, E Dot Solutions and a 60 year old children magazine - Chandamama, in 2007.
Moreover, in January 2008, the company raised USD125 mn, by issuing FCCBs, to fund future acquisitions. Geodesic's current customer base consists of more than 95 enterprise customers and over 8.2 lac retail customers. Geodesic has also set up offices in the US, UK, Sweden, Mauritius, Germany and Hong Kong with the head quarters in Mumbai, India.
In 5th place:
Name of company: Amtek Auto
FII share in company: 50.84 %
Best known for: Manufacturing automotive components
Amtek Group is a leading international manufacturer of automotive components and assemblies with production facilities located strategically across North America, Europe & Asia. The Group's extensive manufacturing capabilities encompass Sub assemblies, Iron, Gravity & Aluminium Castings, Forgings, Complex Machining & Ring Gears Flywheel Assembly.
Amtek product portfolio consists of an extensive range of components for 2-3 wheelers, Cars,Tractors, LCV, HCV and Stationary engines. The major categories of components manufactured are Connecting Rod Assemblies, Flywheel Ring Gears and Assembly, Steering Knuckles, Suspension and Steering Arms, CV joints, Crankshaft Assemblies, Torque Links.
In 6th place:
Name of company: IVRCL Infrastructure
FII share in company: 48.04 %
Best known for: Infrastructure sectors like Water & Environment, Transportation, Buildings, and Power.
IVRCL Infra commenced its commercial operations since 1990. The company established itself as a premier EPC & LSTK Service Provider with front-end engineering capabilities in 1990. It achieved group turnover of 1 Billion USD in less than two decades of operations. The company forayed into BOT/BOOT/DBOOT projects since 2001. IVRCL operates in water & environment, transportation, buildings and power. IVR Prime Urban Developers Ltd and Hindustan Dorr-Oliver Ltd, two group companies of IVRCL Infra are also listed on the bourses.
In 7th place:
Name of company: Prajay Engineering
FII share in company: 42.55 %
Best known for: Real estate
Prajay Engineers Syndicate is a Hyderabad based real estate company. Prajay has been transforming the Hyderabad landscape for the last two decades by developing landmark residential and commercial properties in the twin cities. The company has also made its mark in handling Hospitality projects. In its 20 years experience, Prajay has delivered over 75 projects and developed over 5 million square feet. A land bank of almost 738 acres, Prajay is currently extended its presence to Vishakhapatnam. It is developing over 35 projects with 18 million square feet under construction.
In 8th place:
Name of company: Amtek India
FII share in company: 42.55 %
In 9th place:
Name of company: Jain Irrigation
FII share in company: 42.02 %
Best known for: Manufacturing irrigation systems
Jain Irrigation is mainly engaged in irrigation and manufacturing of Drip and Sprinkler Irrigation Systems and Components; PVC, Polyethylene (HDPE, MDPE) & Polypropylene Piping Systems; Plastic Sheets (PVC & PC sheets); Dehydrated Onions and Vegetables; Processed Fruits; Tissue Culture, Hybrid & Grafted Plants. It is the only manufacturer of complete drip irrigation systems in the world. Globally second and the largest irrigation Company in India also a Total Agri-Service Provider. India : Aditya Birla, APMIP, Bharti, BSNL, Coca-Cola, GGRC, Gujrat Gas, Hindustan Levers, HFCL, Hutch, IGL, IVRCL, Larsen & Toubro, Mahanagar Gas, Nestle, Power Grid, Tantia Constructions, BEFESA, Ramky, Reliance, Tata, etc.
In 10th place:
Name of company: Logix Microsystems
FII share in company: 41.96 %
Best known for: Software Products Company
Logix is one of India's fastest growing Software Products Company. More than 50% of the Ward's E-dealer 100 - the hundred highest performing Automotive Retailers in the U.S. are Logix Clients. The Logix list of products include izmoWeb, a high-performance Internet Dealership for Automotive Retailers, izmoMobi, a mobile website platform, izmoRainmaker, the only comprehensive Internet Marketing Solution available for Auto Retailers, iConsult, the Sales Performance Coaching program which trains Auto Retailers to excel in an Internet Marketing environment, iCRM, an Enterprise Automotive CRM solution.
The Logix Client-list includes Automotive OEMs like General Motors, Ford Motor Company, and Mitsubishi Motors, Portals like Yahoo! Autos and AOL, and Fortune 500 Automotive retailers like AutoNation Inc. and Hendrick Automotive.
source-www.moneycontrol.com
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