9 C
London
Wednesday, November 30, 2022

This Is What It Takes To Make A Trillion Dollar Business

Must read

Dong Ju keeps seeing Tae Hee behind Chung Ha’s back! WATCH

A lot has happened in Tae Hee's life, but Dong Ju managed to handle the situation. Many twists and turns have come in...

Vikram Kirloskar: The MIT engineer who loved building factories

Vikram KirloskarHis love for engineering brought him to one of the world's best institutes - MIT. As a trainer, his job was...

A great revelation and a dramatic scandal! Who’s to blame? WATCH

As the cast of Kingdom Of Love is about to wrap up their shoot and head home, our protagonists take a serious step towards...

House is about to pass a bill to avert an impending railroad strike

WASHINGTON — House lawmakers are poised to pass legislation Wednesday to stave off a catastrophic railroad strike that President Joe Biden warned could threaten...
Shreya Christinahttps://londonbusinessblog.com
Shreya has been with londonbusinessblog.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider londonbusinessblog.com team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

  • There are only a few trillion dollar companies in the world, and the Adani Group wants to join their ranks.
  • Currently, Apple, Saudi Aramco, Microsoft, Alphabet, and Amazon are on the list of billion-dollar companies.
  • We take a look at how long it took these companies to reach the trillion dollar market cap and where they are now.

There are a handful of companies worth trillion dollars or more. The list includes Apple, Saudi Aramco, Microsoft, Google parent alphabet and Amazon. The Adani Group – led by Gautam Adani, the richest in India and the fourth richest person in the world – wants to join their ranks.

The Adani Group’s rise has been lightning-fast in recent years – both in terms of market capitalization and presence in various sectors such as mining, energy, infrastructure, logistics and beyond.

“Given what we had as a set of companies, we felt that if we had assets and companies of that type, we really should be a $1 trillion group,” said Jugeshinder ‘Robbie’ Singh, Adani Group Finance Director. , to https://londonbusinessblog.com/ India .

Adani Group’s valuation has risen from $16 billion in 2015 to $260 billion in 2022 – an increase of more than 16x in seven years. But if the group goes from $260 billion to $1 trillion, it could take some time.

https://londonbusinessblog.com/ takes an in-depth look at what it takes to become a trillion dollar company, and how much time it took these companies to cross $250 billion worth and a trillion dollar value.

Reaching the first milestone – $250 billion

Undoubtedly, starting a business and reaching the $250 billion dollar milestone is a tough feat. It took an average of more than 16 years from the IPO for Apple, Google, Microsoft and Amazon for their market cap to reach $250 billion.

Apple took the longest, at 30 years. Microsoft was the first to reach $250 billion in market cap, in 1998 before the dotcom crash.

Company Year to reach $250 billion mcap
Apple 30
google 5
Microsoft 12
Amazon 18

In contrast, beginning with the listing of Adani Enterprises in 1994, the Adani Group has taken 28 years to exceed a cumulative market cap of $250 billion by 2022.

It is worth noting that the Adani Group currently has seven companies – these companies were all listed at different times, with Adani Wilmar being the latest in this year.

A Trillion Dollar Colossi

The market cap journey from $250 billion to $1 trillion was relatively faster for Apple and Amazon, while Google and Microsoft took significantly longer to reach the milestone.

Company Years from $250 billion to $1 tn mcap
Apple 8
google 11
Microsoft 21
Amazon 5

Here’s What These Trillion Dollar Behemoths Made in 2021

It’s not for nothing that Apple, Microsoft, Alphabet and Amazon are multi-billion dollar companies — all four companies brought in hundreds of billions of dollars in revenue in 2021.

Amazon, which made the least profit with the highest revenue, still came in at more than $33 billion in net revenue — or more than 19x of the Adani Group’s profit in FY22.

Particularities Apple Microsoft Alphabet Amazon
Revenue $365.8 billion $168 billion $256.6 billion $469.8 billion
Net profit $94.7 billion $61.3 billion $76 billion $33.4 billion
Net margin 26% 36.5% 29.6% 7.1%

Source: Company Reports, for the full year 2021

In comparison, the Adani Group had total revenues of $24.4 billion and net income of $1.7 billion in FY22 (at $1 = ₹80).

Here’s a breakdown of how each group company fared in the year:

Company Revenue Net profit
Adani Enterprises ₹70,433 crore ₹777 crore
Adani Wilmar ₹54,386 crore ₹804 crore
Adani Power ₹31,687 crore ₹4,912 crore
Adani Gates ₹18,089 crore ₹4.728 crore
Adani transmission ₹11,862 crore ₹1,205 crores
Adani Green ₹5,577 crore ₹489 crore
Adani Total Gas ₹3,079 crore ₹509 crore
Total ₹1.95.113 crore ₹13,424 crore


Source: Trendlyne, Company Reports

The Adani Group has some distance to go before it joins the coveted club of companies valued at trillion dollars. Only time will tell if it manages to reach the trillion dollar milestone or not.

ALSO SEE:

Nationwide recovery underway, Morgan Stanley says

Two in three CEOs in India expect a recession in 12 months, survey says

NCLT Extends Reliance Capital Resolution Deadline to January 31, 2023

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Dong Ju keeps seeing Tae Hee behind Chung Ha’s back! WATCH

A lot has happened in Tae Hee's life, but Dong Ju managed to handle the situation. Many twists and turns have come in...

Vikram Kirloskar: The MIT engineer who loved building factories

Vikram KirloskarHis love for engineering brought him to one of the world's best institutes - MIT. As a trainer, his job was...

A great revelation and a dramatic scandal! Who’s to blame? WATCH

As the cast of Kingdom Of Love is about to wrap up their shoot and head home, our protagonists take a serious step towards...

House is about to pass a bill to avert an impending railroad strike

WASHINGTON — House lawmakers are poised to pass legislation Wednesday to stave off a catastrophic railroad strike that President Joe Biden warned could threaten...

Bitcoin ‘rarely’ used for legal transactions, on ‘road to irrelevance’, European Central Bank officials say londonbusinessblog.com

European Central Bank officials claimed on Wednesday that bitcoin is “rarely used for legal transactions,” is fueled by speculation, and recent erosion in its...