Question

explain joint stores with examples

Answer 1

A joint venture is a new enterprise owned by two or more participants. It represents a combination of subsets of assets contributed by two (or more) business entities for a specific business purpose and a limited duration. It is essentially a medium to long-term contract which is specific and flexible. Though, the joint venture represents a newly created business enterprise, its participants continue to exist as separate firms. A joint venture can be organized as a partnership firm, a corporation or any other form of business organisation which the participating firms choose to select.

1. Vistara: A fantastic example of Indian JV with a overseas organisation is the Air-travel. Tata Sons has 51% & SIA has the outstanding 49 percent in the company.
2. Bharti AXA General Insurance Co Ltd is a Joint Venture between India’s one of the principal companies Bharti Enterprises & insurance key player from France- AXA.
3. Mahindra-Renault Ltd: Personally I will not call it as a successful JV. But one of the to JVs in India.

Other examples are Toyota-Kirloskar,Kinetic-Honda,Hero Honda,Tata Docomo,Virgin-Tata