Jaguar to Ranbaxy: Famous International Brands Owned by Indian Businessmen (Part II)
Indians today create waves across the globe by getting into big positions in famous and big companies.
Indian techies are employed by the biggest brands of the world and Indian businessmen are also not behind. Many famous international brands have been acquired by Indian businessmen. Continuing from the first part of the story, here are a few more famous International brands owned by Indian businessmen.
Mandarin Oriental New York- Mukesh Ambani
Mukesh Ambani is the head of Reliance Industries Limited, India and it has acquired a 73.5% stake in one of the Big Apple’s iconic hotels Mandarin Oriental New York in Manhattan.
Mukesh Ambani’s Reliance Industries Limited created ripples in the business world when it acquired a stake of 73.5 % in the famous Mandarin Oriental New York in a deal of $98.1 million in January 2022. It means, Mukesh Ambani has the majority of ownership in the hotel and he is open to buying 100% stakes of the hotel. Mandarin Oriental is the only luxury hotel to be listed on Forbes 10 ‘Five star’ spas across the world. Mukesh Ambani’s RIL entered the hospitality space earlier when it purchased a 19% stake in Oberoi Hotels’ flagship company EIH Ltd and now after acquiring a 73.5% stake in Mandarin Oriental, RIL is on its way to making a big name for itself in the hospitality industry.
Ranbaxy is one of the world’s biggest pharmaceutical companies and at present Indian pharmaceutical company; Sun Pharma is the owner of Ranbaxy.
Ranbaxy became a public company in 1973 and since then its ownership has changed two times. At first, the Japanese company Daiichi Sankyo bought a large amount of stake in Ranbaxy in 2008, and then in 2014, Sun Pharma, an Indian pharmaceutical company bought 100% of Ranbaxy in an all-stock deal. Now Ranbaxy is totally an Indian company which means an Indian company is one of the world’s leading and biggest pharmaceutical companies.
Schoneweiss & Co. GmbH. – Mahindra Forgings Global Limited
Mahindra & Mahindra Ltd bought 90.47 % ownership of Schoneweiss & Co. GmbH, a famous German Forging Company in 2007. Schoneweiss & Co. GmbH is famous for manufacturing exotic alloys.
Anand Mahindra, the Chairman of the Mahindra Group, Mahindra & Mahindra Limited, and Tech Mahindra Limited acquired 90.47% stakes of Schoneweiss & Co. GmbH, a famous German forging company through its Mauritius-based affiliate Mahindra Forgings Global Limited on January 1, 2007. Schoneweiss & Co. GmbH has been a big name in the forging sector and after buying 90.47% ownership of the company, Anand Mahindra and his company became a big part of the forging sector.