In the wake of Covid-19, India has suffered significantly, and still, the coronavirus patients are rising. However, in the unlock phase, people have started getting back to normal life. But the unemployment rate has gone up, lower and the middle class are left with no jobs.
Due to which, many international brands like Apple and Microsoft have announced setting up their manufacturing units in India instead of other Asian countries like China. Currently, India is one of the leading epicenters of manufacturing units of numerous brands.
Both international and national brands are now coming with their new plans and ideas to reduce the employment rate and enhance our country’s GDP. Here is the updated lineup of the top 10 manufacturing companies in India. So without wasting much time, let’s get started.
List Of Top 10 Manufacturing Companies In India
Tata Motors Limited
We think no introduction is needed for Tata motors because this brand is making a significant mark in the automobile industry. According to the official reports, Tata Motors is the biggest manufacturing company in terms of turnover. It is also one of the largest manufacturing companies and a subsidiary of Tata Group.
Tata Motors Limited generates an overall revenue of 40-50% for the Tata Group. This company also comes under the list of the top leading automobile firms across the globe.
Hindalco Industries Limited
You might haven’t heard the name ‘’Hindalco Industries Limited,’’ it is one of the subsidiaries of the Aditya Birla Group. Hindalco is currently the largest producer and exporter of copper and aluminum. The latest turnover of Hindalco was more than US$ 18 million. It is the biggest manufacturer of aluminum and the biggest rolling company in Asia. Aditya Birla Group is the largest non-government producer of gold and other metals such as silver and copper rods.
Tata Steel Limited
Tata Steel is part of the Tata Group established in the year 1907. Currently, Tata Steel is Asia’s non-government steel company. It is also one of the largest steel manufacturers in our country. In recent reports, Tata Steel has also become the second largest private producer of steel in Europe.
In 2018-2019, Tata Steel also seized Bhushan Steel Limited and Usha Martin Limited. Tata Steel is currently having four major manufacturing units in Jharkhand, Odisha, Jamshedpur, and Kalinganagar. Now, the Kalinganagar is expanding and enhancing its cumulative capacity.
Aditya Birla Group
Aditya Birla Group is currently one of the biggest business tycoons and part of the Fortune 500. This Group has expanded its subsidiaries to more than 36 countries having approx 120000 employees. According to ‘Top Companies For Leaders,’ Aditya Birla Group is the best business tycoon in the Asia region. Above all, this is the strongest competitor of the Reliance Group. You can always get the news of their competitions in the financial market.
Larsen & Toubro
Driving enthusiasts might be very familiar with L&T Group. This company has been continually expanding its services to different sectors. Engineering and construction are the specialties of L&T. This business group has been doing remarkable work in the construction and engineering field.
L&T is headquartered in Mumbai, and the average turnover of this business tycoon is 13.5 billion. We don’t have any reasons to keep L&T away from this list.
From your bathing soap to favorite green tea, most daily use products are manufactured by Hindustan Unilever. The majority of healthcare, skincare, health supplements, toiletries, spices, packaged foods, etc are also manufactured by the subsidiaries of Hindustan Unilever Limited.
Believe it or not, Hindustan Unilever is part of every Indian home. More than four lakhs employees work in Hindustan Unilever, and the average turnover stands around 4 billion. Working in this group is the dream of many youngsters because here talents are nurtured and given opportunities.
Jindal Group has captured the North Indian market of every sector. From education to consumer goods and steel products, you’ll only hear the name ‘’Jindal’’ in North India. According to various reports, within a couple of years, Jindal Steel will give fierce competition to Tata Steel.
What’s the reason behind the growth of this business group? The reason is the quality of products and the increasing demand in the different states of India. Hence, the number of manufacturing units of Jindal is also increasing day by day. The average turnover of alone Jindal steel is around 2.5 billion.
You might have heard the news; Asian Paints is one of the companies that will give a hike in the salary of its employees even after the Covid-19 Pandemic. Asian Paints is the most trusted and renowned Indian brand that knows the right way to design your sweet home. Customer satisfaction is a key feature of Asian Paints.
Asian Paints always give the first priority to its employees, workers, and then to the customers. They believe in building a strong and long-lasting relationship with their clients. Currently, the newest corporate office of Asian Paints has based in Mumbai, and the average turnover is around 1.8 billion.
JSW Steel Limited
JSW Steel was established in 1982 with a single plant, and now this business group has numerous manufacturing units in South India. The major plants of JSW Steel are based in Tamil Nadu, Maharashtra, and Karnataka.
JSW Steel is the major subsidiary of JSW Group and the second-largest steel product manufacturer in India. JSW Group has a strong presence in both the national and international markets.
Ultratech Cement Limited
Now, the final business tycoon that comes on our list is Ultratech Cement Limited. Ultratech Cement is the country’s largest manufacturer of white cement, ready concrete, and grey cement. We feel that around 90% of properties in India are built with Ultratech cement. Surprisingly Ultrateach is the flagship subsidiary of the Aditya Birla Group.
These were some of the leading manufacturing companies in India. If we have missed any manufacturing company, please let us know in the comment section.