MLM has been booming in India as of 2017 and it is expected to grow at a compound annual growth rate of 12.6% for the year 2018, a growth of approximately $6.5 billion.
The report says that the MLM industry in India has seen growth of more than 35% from $6,924 million in 2016 to $12,931 million in 2018.
According to the report, the largest companies in the MLN industry include Sivak & Co., a platform for marketing companies, and Digital Media Solutions Pvt.
Ltd., a provider of platform-as-a-service services.
According to the reports, the average annual revenue for the MLMN companies is $1,000 million, while the average revenue for marketing and sales companies is more than $1 billion.
Overall, the report says, there are almost 100 MLMN firms operating in the country, with more than 10,000 MLMN-related businesses.
The top 10 MLMN Companies in India 2018:1.
Sivaks Group of India, Ltd (SIVAK)2.
Smart Marketing, Inc. (SMR)3.
Smart Finance, Inc (SMF)4.
The MLN Company in Singapore5.
Smart Media, Inc., Ltd (SMM)6.
Smart Group, Ltd.
Smart Networking Solutions Pv.
MLN Media Solutions Ltd (MLNMS)10.
MLMN Company in Australia