India Business Yearbook 2024

As another year draws to a close, it is time to take retrospection into the year that was. Indian Business Yearbook is back with its 2024 edition, where we take a deep dive into the business activity that shaped the  Indian Business Space in the last one year. The year has been replete with various momentous events that shaped the Indian business activity including IPOs, Mergers, Acquisitions, Alliances, New Products, Expansions, Startups, Insolvencies and many more. At a growth rate of 6.8%, Indian economy has demonstrated a robust year,  remaining one of the fastest-growing major economies, with a growth rate of 8.2% in FY23/24.

Startup ecosystem, though there was a marginal decline in the investments, offered the much-needed impetus to the economy. In 2024, India’s startup ecosystem witnessed a 65% increase. However, in the first 9 months of 2024, funding for Indian startups declined by 7% to $7.6 billion.

The M&A activity was also vibrant in the year, which, increased by 13.8% to $69.2 billion, compared to $60.8 billion in 2023. Some of the celebrated M&A events like Reliance-Disney, Air India-Vistara, Bharti Airtel-BT Group, Gujarat Gas-Gujarat State Petronet, Adani Group-NDTV, Zomato-Blinkit, Kotak Mahindra and Sonata Finance to name a few, kept the markets, regulators, economy and the M&A enthusiasts and stakeholders engaged.

227 IPOs raised a combined $12.2 billion in first 8 months of 2024. India’s Initial Public Offering (IPO) market  has witnessed a remarkable resurgence in recent years, with numerous companies across diverse sectors raising significant capital through public listings.

With the business activity swelling various regulatory bodies and watchdogs have escalated their vigilance to  ensure fair play across the business dynamics, thereby ensuring the investors’, shareholders’, consumers’ and taxpayers’ safety. The corporate regulatory and legal bodies like SEBI, Competition Commission of India, IRDAI, NCLT, NCLAT etc., have demonstrated their responsiveness as and when their intervention was essential.

Some of the notable trends and developments that kept the business space including regulatory bodies, governments engaged, and other stake holders active and engaged include the Big Data trends, Electric Vehicles, rise of  Artificial Intelligence, issues of environment, sustainability and governance, Issues of diversity, equity, and inclusion to name a few.

For readers’ convenience, the book’s content has been meticulously structured into 12 chapters, each representing one major business sector. The news items are broadly classified into two categories (1) Regular news item (2)  Spotlight. While regular news item is for the news items in general, Spotlight is an exclusive presentation of news about such companies which drew attention and made a mark through the year. This book has drawn its insights from numerous secondary sources of information which include various journals, and publications like Economic Times, Mint, Business Today, Business India, WSJ, Business Line, Business Standard, to name a few.

India Business Yearbook 2024 is strongly recommended for business practitioners, business managers, business  leaders, entrepreneurs, corporate professionals, business researchers, opinion leaders, investors, bankers, small and medium business players, aspiring entrepreneurs, subject experts, consultants, analysts, business teachers, and the students of business management.

Contents –

1. Auto Sector: Automobile Companies; Auto-components; Auto Ancillaries; Ride Hailing Services
2. Aviation Sector: Airlines; Aircrafts; Space Initiatives
3. Core Sector: Power; Energy; Oil; Coal; Steel; Metals; Alternate Energies
4. Finance Sector: Banking; Insurance; Financial Services; Fintech; Markets; Economy
5. Healthcare and Pharma Sector: Pharma; Biotech; Healthcare; Well-being
6. Hospitality and Tourism Sector: Travel; Tourism; Hospitality
7. Media – Entertainment Sector: Media; Entertainment; Advertising; Consulting
8. Realty – Infra – Logistics Sectors: Housing; Real Estate; Construction; Infrastructure; Supply Chains; Logistics; Shipping; Ports
9. Retail Sector: FMCG; Food and Beverages; Consumer Goods; Consumer Electronic Goods; Sports, Fashion and Apparel; E-commerce
10. Startup Sector: Startups; Private Equities; Venture Capitalists; Institutional Investors; Individual Investors
11. Tech Sector: IT; IT-Enabled Services; Artificial Intelligence; Big Data
12. Telecom Sector: Telecom Services; Mobile Makers; Telecom Infra