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Top Ten Exporters Of India

The rupee has depreciated steeply against the dollar in the past two months and is trading at Rs 56 per dollar. This has negatively affected the already weakened Indian economy. With India being a net importer the impact is more severe. However, there are certain companies that are major exporters and hence are benefited when the rupee depreciates. Here we are providing a list of the top ten companies that have the highest percentage of exports forming part of sales.

1. Oracle Financial Services Software


Oracle Financial Services Software Limited (OFSSL) is a world leader in providing IT solutions to the financial services industry. The company has a large exposure to foreign financial companies which contribute 96 per cent of the revenue to the company. The company addresses the entire financial services space through a comprehensive portfolio of products, IT services, consulting and knowledge process outsourcing services with an experience of delivering value-based IT solutions to over 810 financial institutions across 130 countries. The company also has strong alliance and/or implementation relationships with industry leaders such as Hewlett-Packard, IBM, Sun Microsystems and Intel.

2. Opto Circuits (India)


Opto Circuits (India) is a technology-based electronics company engaged in design, development, manufacturing, marketing and distribution of medical electronic devices and medical monitoring products. Opto Circuits offers technological advanced medical devices that are proprietary in nature, improve patient safety and care and reduce healthcare costs. It offers a broad range of more than 100 medical devices across 17 clinical categories spread over 12 medical fields. It has sales in 56 countries and operations in India, Germany and the US. Of its total sales, around 95 per cent of the revenue comes from exports while the remaining comes from the domestic markets.

3. Infosys


Infosys, the second-largest software making company, generates 94 per cent of the revenue through exports. The major exporting countries are the US (63.9 per cent) and Europe (21.9 per cent) that together generates almost 85 per cent of the export revenues while the rest comes from India (2.2 per cent) and some other countries. The company’s revenue comes from providing various IT products and services catering to sectors such as BFSI, manufacturing, retail, life science, energy and communication services.

4. TCS


Tata Consultancy Services, part of the Tata Group that is one of India’s largest industrial conglomerates and most respected brands, is an IT services, business solutions and outsourcing organisation that delivers real results to global businesses, ensuring a level of certainty that no other firm can match. TCS offers a consulting-led integrated portfolio of IT and IT-enabled services delivered through its unique Global Network Delivery Model™ (GNDM™), recognised as the benchmark of excellence in software development. Of its total sales, 91 per cent of the revenue comes from exports while the remaining is derived from the domestic markets.

5. Divi’s Lab


Divi’s Laboratories is engaged in the manufacture of generic active pharmaceutical ingredients (APIs), custom synthesis of active ingredients and other specialty chemicals such as peptides and nutraceuticals. The company has three multi-purpose manufacturing facilities with a total reactor capacity of 4,500 cubic meters and all support infrastructure such as utilities, environment management and safety systems. The company in a matter of short time has expanded its breadth of operations to provide complete turnkey solutions to the domestic Indian pharmaceutical industry. Of its total sales, more than 90 per cent of the revenue comes from exports while the remaining comes from the domestic markets.

6. Rajesh Exports


Rajesh Exports Limited (REL) is the largest gold jewellery manufacturer in the world and also the country’s largest exporter of gold jewellery with a market share of around 40 per cent. Shubh Jewellers is the retail brand of the company. Of the total sales, around 85 per cent of the revenue comes from exports while the remaining is from the domestic markets. REL exports plain gold jewellery and studded gold jewellery mainly to the US, UK, Singapore and the UAE. It is also the only Indian company to be recognised by the Government of India as a ‘Five Star Export House’ in the field of gold jewellery.

7. Tech Mahindra


Tech Mahindra provides information technology (IT) services to the telecommunications industry worldwide. Tech Mahindra, with 84.75 per cent exports of its sales in FY11, arrives at number seven in our list. A majority of its stake is owned by Mahindra & Mahindra Limited in partnership with British Telecommunications Plc. Tech Mahindra serves telecom service providers, equipment manufacturers, software vendors and systems integrators. The company recently completed the merger of Mahindra Satyam with itself. This merger has made Tech Mahindra the sixth-largest IT service provider with topline of Rs 5,490 crore and a workforce of 75,000.

8. Aban Offshore


Aban Offshore provides drilling and oil field services for the offshore exploration and production of hydrocarbons to the oil industry in India and internationally. The company is also involved in wind power generation activities. It owns and operates 15 jack-up offshore drilling rigs, two drill ships, one floating production platform and one jack-up rig and a drill ship on bareboat charter. It also operates 165 wind energy generators. The company earned around 84.39 per cent of its revenues from exports in FY11, making it the eighth in the list. This takes the total export sales to above Rs 1,004 crore.

9. Sesa Goa


Goa-based Sesa Goa is India’s largest private producer and exporter of iron ore with operations in Karnataka too. The company produces 18.8 MT of iron ore and receives 80 per cent of its revenue from exports and the rest through domestic sale. At present the company seems to be facing severe problems due to the ban on iron ore mining in Karnataka and the increase in export duty. The iron ore mining ban in Karnataka has stopped the company from producing iron ore and the concerns have now shifted to the Goa mines as an appointed commission has submitted a report with regards to illegal mining taking place in Goa. Sesa Goa has a major mining operation in Goa that almost contributed 80 per cent of the total production of the company in FY11.

10. Dr. Reddy’s Lab


Dr. Reddy’s Lab was established in 1984 and is an integrated global pharmaceutical company, committed to providing affordable and innovative medicines for healthier lives. It operates in three segments viz. pharmaceuticals and active ingredients (PSAI), global generics and proprietary products. Their major markets include India, USA, Russia and CIS, Germany, the UK, Venezuela, South Africa, Romania and New Zealand. Of the total sales, around 72 per cent of the revenue comes from exports while the remaining from the domestic markets.

Particulars

Total Sales (FY11)

% Of Exports

Export Sales

Oracle Financial Services Software

2,360.51

96.02

2,266.56

Opto Circuits India

603.2

94.92

572.56

Infosys

25,385

94.38

23,958.36

TCS

29,275

91.08

26,663.67

Divi’s Lab

1,309.71

90.36

1,183.45

Rajesh Exports

20,533.76

85.61

17,578.95

Tech Mahindra

4,965.5

84.75

4,208.26

Aban Offshore

1,190.74

84.39

1,004.87

Sesa Goa

8,221.94

76.39

6,280.74

Dr. Reddy’s Lab

5,188.5

72.23

3,747.65

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