Multi-National Corporations functioning in India are large companies established in a particular country and has offices, markets and produces and sells its products in many countries. Its origin can be in any country, but may have their agencies in all the countries.
E.g. - Microsoft (U.S), Nestle (Switzerland)
Indian MNCs are those companies that have both their headquarters and origin in India. They are Indian companies that have their market globally.
E.g. – Infosys, Aditya Birla group
