Top Ten Exporters Of India.docx

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Top Ten Exporters Of IndiaByDSIJ Team| 5/25/2012 9:00 PM Friday

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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
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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 percent) 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 companys 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 Indias 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 therevenue comes from exports while the remaining is derived from the domestic markets.

5. Divis Lab


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Divis 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

countrys 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 goldjewellery 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.


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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 Indias 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. Reddys Lab

Dr. Reddys 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.


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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

Divis 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. Reddys Lab 5,188.5 72.23 3,747.65

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