Alphabet Share Price Today (NASDAQ: GOOGL)

For most Indians, Google is not just a tech platform, it’s a part of life. Whether it’s searching for answers, streaming videos on YouTube, finding directions on Maps, or storing precious memories on Photos, Google’s presence is ubiquitous. India stands out as one of Google’s largest user bases, with a staggering 476 million YouTube users, the highest in the world and Gmail leading in monthly active users. As of February 2024, Google also commands an unrivaled 99% share of India’s mobile search market.

India contributes significantly to Google’s global traffic, ranking second after the United States with 4.52% of visits to Google.com. YouTube, Google’s powerhouse video platform, had 462 million users in India as of early 2024, further showcasing the company’s deep-rooted presence in the country.

Financially, Google India continues to thrive. In FY24, its net profit rose by 6.1% to ₹1,424.9 crore, and gross advertising revenue surged by 12.49% to ₹28,000 crore. Its IT services revenue grew by 16% to ₹2,389 crore, while enterprise product revenue jumped 57% to ₹174 crore. This diverse revenue stream underscores Google’s dominance in advertising, IT services, and enterprise solutions. It is also among the world’s top companies working on quantum computing.

Digital payments form another stronghold for Google. With 67 million users, Google Pay is India’s largest market, handling 6.2 billion UPI transactions worth ₹8,49,327 crore in October 2024. Such numbers highlight Google’s integral role in India’s burgeoning digital economy.

From its humble beginnings in 2004 with just five employees, Google India has grown into one of Alphabet’s largest workforces outside the US. Adding to this is the leadership of Sundar Pichai, the India-educated CEO, who heads Alphabet, a tech titan valued at over $2 trillion. Google’s commitment to India is evident in its $10 billion India Digitisation Fund and the development of AI models supporting over 100 Indian languages.

Globally, Google’s dominance is unshakable. It controls 81.95% of desktop and 95.37% of mobile search traffic. Android powers over 70% of smartphones worldwide, and tools like Google Docs, Drive, and Meet serve over 3 billion users, including 10 million paying customers. Revenue streams extend beyond advertising to include Google Cloud, Google Pay, Google Play, and hardware products like Chromecast.

Innovation keeps Google ahead of the curve. Nearly 70% of enterprises use AI features like "Help me write" in Gmail and Docs, while over 75% leverage AI-powered image tools in Slides. Google Cloud, one of the world’s top cloud providers, generated over $33 billion in revenue in 2023, contributing 10% of Alphabet’s total revenues. With data centers spanning 200+ countries, Google’s global infrastructure is unmatched.

For Indian investors, Alphabet offers an intriguing mix of local relevance and global dominance. Its deep connection with India, paired with its relentless innovation and diversified revenue streams, makes Google a compelling choice for those seeking stability and growth potential.