One of the first multinational business organizations, the East India Company, was established in 1601. After the East India Company, came the Dutch East India Company, founded March 20, 1603, which would become the largest company in the world for nearly 200 years.

How many multinational corporations are there?

At the present time, there are some 60,000 MNCs worldwide, controlling more than 500,000 subsidiaries. They are responsible for half of international trade, especially due to the scale of intra-company trading (between subsidiaries of the same company).

Which industries are called as MNC?

Multinational Companies (MNCs) have their central head office in the home country and secondary offices, facilities, factories, industries, and other such assets in other countries. These companies operate worldwide and hence also known as global enterprises.