Top 15 Best Manufacturing Companies in India in 2022
Manufacturing creates or produces items using machinery, labour, machinery, tools, and chemical or biological processing or formulation. It’s what the economy’s secondary sector is all about. From handmade to high-tech, the phrase can be used in a wide range of human activities. Still, it’s most commonly connected with industrial design, which entails the large-scale transformation of primary-sector raw materials into finished goods.
These commodities may be sold to other manufacturers for use in the creation of more sophisticated products (like aircraft, household appliances, furniture, sports equipment, or vehicles), or they may be delivered to end-users and consumers through the tertiary industry (usually through wholesalers, who in turn sell to retailers, who then sell them to individual customers).
Manufacturing engineering, often known as the manufacturing process, refers to raw materials’ procedures to become a finished product. The first phases in production are the product design and material specifications from which the product is made. Following that, manufacturing procedures turn the materials into the desired part.
Modern manufacturing encompasses all intermediate steps required in the fabrication and integration of a product’s components. Fabrication is a term used by several companies, including semiconductor and steel manufacturers.
The engineering and industrial design businesses are inextricably linked to the manufacturing industry.
From components or raw materials, a manufacturing company creates a finished product. Learn about the definition and examples of a manufacturing company, as well as the significance of assembly lines.
A manufacturing company is defined as a company that produces goods. Many of the things you use daily come from a manufacturing company, even if you don’t shop there! Take a look around your flat or house. The television you’re watching, the phone next to you, and the computer you’re using right now were all constructed and developed by a manufacturing company. This type of company is also likely to have made the tyres on your automobile and the picture frame on your wall.
Any company that uses components, pieces, or raw materials to create a finished product is considered a manufacturing company. These finished goods can be sold to consumers directly or to other manufacturing companies for use in a particular product. In today’s world, manufacturing businesses are typically made up of machines, robots, computers, and humans that all work together to generate a product.
An assembly line is a procedure in which a product is put together from one workstation to the next in a manufacturing plant. The finished good can be put together faster and less manual effort by moving the product along an assembly line. It’s worth noting that the manufacturing process is sometimes referred to as fabrication in various industries.
Manufacturing companies can be straightforward, requiring only a few parts for assembly, or highly complex, requiring hundreds of parts to complete a finished product.
Manufacturing enterprises, on average, face more legal requirements and environmental laws than other businesses. These issues can range from labour regulations that are being reviewed to environmental and pollution concerns. Although labour unions are not as ubiquitous as 50 years ago, they are still very prevalent in the manufacturing sector, where pay, benefits, and other rights are bargained.
Top 15 Manufacturing Companies in India
1) Tata Motors Ltd
2) Tata Steel Limited
3) Hindalco Industries Ltd
4) Mahindra & Mahindra Ltd
5) Maruti Suzuki India Ltd
6) Grasim Industries Ltd
7) JSW Steel Ltd
8) Motherson Sumi Systems Ltd
9) UltraTech Cement Ltd
10) UPL Ltd
11) Asian Paints Ltd
12) Bajaj Auto Limited
13) Bombay Dyeing
14) Hindustan Unilever Limited
15) Apollo Tyres
1. Tata Motors Ltd
It has been one of the most well-known and celebrated industrial firms throughout lives. They offer a diverse range of automobiles, ranging from little cars like the Tata Nano to premium vehicles like the Jaguar Land Rover.
Tata Motors’ primary businesses are the English premium car manufacturer Jaguar Land Rover (the maker of Jaguar and Land Rover cars) and the South Korean commercial vehicle manufacturer Tata Daewoo.
They have vehicle assembly plants in India, the United Kingdom, South Korea, Thailand, Spain, and South Africa. They hope to expand to Turkey, Indonesia, and Eastern Europe in the future.
Tata Motors first joined the electric vehicle market with the Tigor EV, which was released in 2017 and was followed by the Nexon EV, which was released earlier this year.
Despite the weak consumer output, Tata Motors remained afloat and thriving, thanks to the 2017 SUV Tata, which was the company’s top contributor and performer.
In August of last year, the crossover saw its 50,000th unit roll out at the Ranjangaon, Maharashtra plant, with overall estimated sales of around 55,000 units between April 2018 and March 2019 in FY2019.
This company’s value is based on its foundation, which means that while having a presence in a wide range of industries worldwide, they have never invested in alcohol or tobacco. Tata Motors has a market share of almost 37% in India’s automobile sector in the financial year 2020.
It is ranked #784 on the Forbes Global 2000 list for 2021.
2. Tata Steel Limited
Tata Steel has been with them since Jamsetji Nusserwanji Tata launched the company on August 26, 1907. With an annual capacity of 13 million tonnes, TISCO (Tata Iron and Steel Company Limited), now Tata Steel Ltd, is India’s second-largest steel producer after SAIL (Steel Authority of India Limited). They were recognised as the 12th best team in the world.
The Tata Centre in Kolkata, West Bengal, serves as the marketing headquarters for this multinational corporation, which is located in Mumbai. It is the world’s most geographically diverse steel producer, with operations and commercial presence in more than 50 countries and manufacturing operations in 26 countries, including India, Australia, Malaysia, Thailand, Vietnam, the United Arab Emirates, Mozambique, the Ivory Coast, South Africa, the United Kingdom, France, the Netherlands, and Canada.
SAIL, JSW Steel, ArcelorMittal, Jindal Steel and Power, Essar Steel, and VISA Steel are Tata Steel’s significant competitors. Automotive Steels, Galvano, Tata Agrico, Astrum, Bearings, Pipes, Precision Tubes, Shaktee, Steelium, Tiscon, and Wiron, are some of the company’s products.
Tata Steel had a market share of around 35 per cent in India’s steel manufacturing company industry in the financial year 2020.
The Forbes Global 2000 list for 2021 is ranked #939th.
3. Hindalco Industries Ltd
The headquarters of Hindalco Industries Ltd, a subsidiary of the Aditya Birla Group, is in Mumbai. They dominate various industries, including architectural, electrical, industrial, transportation, defence, and consumer durables. The Aditya Birla Group founded Hindustan Aluminum Corporation Limited, now Hindalco, in 1958.
It began producing aluminium metal and alumina in Renukoot, Uttar Pradesh, in 1962. It now has 20 thousand metric tons of aluminium metal and 40 thousand metric tons of alumina each year.
From a Canadian firm, Hindalco purchased Novelis, the world’s largest producer of rolled aluminium and a significant recycler of aluminium cans.
4. Mahindra & Mahindra Limited
Mahindra & Mahindra Ltd is a multinational car manufacturing firm founded in 1945. Then Muhammad & Mahindra, now Mahindra and Mahindra, is one of the world’s largest tractor manufacturers.Mahindra and Mahindra Ltd’s main competitors are Maruti Suzuki and Tata Motors.
5. Maruti Suzuki India Ltd
Maruti Suzuki India Ltd, formerly known as Maruti Udyog Limited, was established by the Government of India in 1981, with its headquarters in New Delhi. In 2003, Suzuki Motor Corporation purchased the company.
They went from design to roll out cars from a production line in a record-breaking 13 months. Thanks to their assembly machinery, which includes about 1,700 robots, a new car is produced every 12 seconds.
Maruti Suzuki also established the Maruti Driving School in Delhi and expanded its services to other cities.
This was an element of the company’s corporate social responsibility. Tata Motors, Honda, Hyundai, Mahindra, and Toyota are among its major manufacturing businesses’ competitors in the Indian market.
Maruti Suzuki India Ltd has a market share of nearly 50% in the passenger carmaker business in India in the financial year 2020.
6. Grasim Industries Ltd
Grasim Industries Ltd began as an Indian textile producer in 1947 but quickly expanded into other industries such as Viscose Staple Fiber (VSF), cement, sponge iron, chemicals, and Diversified Financial Services (NBFC, Asset Management, and Life Insurance).
They sell Viscose Rayon Fiber to over 50 nations, making them the country’s top exporter and producer of the material. It should not be surprising that it is a subsidiary of the Aditya Birla Group.
Thailand, Indonesia, India, and China are home to their manufacturing enterprises. From 1994 through 2012, winners of the Grasim Mr India competition were sent to compete in foreign competitions such as Mister International and Mister World. The company reported consolidated net revenue of over INR 76,398 Cr, and EBITDA (stands for Earnings Before Interest, Taxes, Depreciation, and Amortisation and is a metric used to evaluate a company’s operating performance) of INR 15,766 crores in FY 2021.
It ranks #1117 on the 2021 Forbes Global 2000 list.
7. JSW Steel Ltd
JSW Steel LTD, based in Mumbai, is an Indian multinational steel manufacturing corporation with operations in over 140 countries.
After merging with ISPAT Steel, JSW Steel became part of the O.P. Jindal Group, a $13 billion conglomerate. They are a manufacturing company with a significant presence in India, the United States, South America, and Africa in core economic areas such as steel, energy, infrastructure, cement, venture capital, and sports.
The first steel plant was built in Vasind, near Mumbai, in 1982. JSW Steel Ltd. was formed in 2005 when JISCO (Jindal Iron and Steel Company) and JVSL (Jindal Vijayanagar Steel Ltd.) combined.
The Forbes Global 2000 list for 2021 is ranked #928.
8. Motherson Sumi Systems Ltd
Motherson Sumi Systems Ltd. was formed in 1986 as a joint venture between India’s Samvardhana Motherson International Ltd and Japan’s Sumitomo Wiring Systems Ltd. The Motherson Group includes MSSL.
They are one of the world’s major makers of wiring harnesses for commercial trucks and passenger automobile rearview mirrors.
They are also India’s largest maker of automotive wiring harnesses and passenger car mirrors. Wiring harnesses (electrical distribution systems), rearview mirrors, entire polymer modules, high-quality metal parts, and other items are among their many offerings.
The Forbes Global 2000 list for 2018 is ranked #1698. In 2019, it was removed from the list.
9. UltraTech Cement Ltd
UltraTech Cement Limited, based in Mumbai, is an Indian cement manufacturer and a subsidiary of the Aditya Birla Group. With a capacity of 116.75 million tonnes per year, they are India’s largest producer of grey cement, ready mix concrete (RMC), and white cement.
With over a hundred RMC (Ready Mix Concrete) units in over 50 cities, UltraTech is India’s largest concrete maker.
They operate in several countries, including the United Arab Emirates, Bahrain, Sri Lanka, and India. Outside of China, UltraTech Cement Limited is the only company globally with a capacity of more than 100 million tonnes in a single country.
From April 2020 to March 2021, UltraTech Cement Limited has been designated as a ‘Great Place to Work-CertifiedTM’ company.
10. UPL Ltd
United Phosphorus Limited was founded on May 29, 1969, and changed its name to UPL Limited in October 2013. They are a worldwide manufacturing firm based in India that produces and sells agrochemicals, industrial chemicals, chemical intermediates, speciality chemicals, and crop protection solutions.
Agro-business, which includes agrochemicals, seeds, and other agricultural-related items, is their crucial source of revenue, with their headquarters in Mumbai.
Their non-agro division consists of a manufacturing company that sells industrial chemicals and other non-agricultural items like fungicides, herbicides, and insecticides, among other things. With products in more than 150 countries, UPL has a solid market position.
UPL was featured as a manufacturing company in Asia’s Fab 50 Companies in 2017 but was removed off the list in 2018.
11. Asian Paints Ltd
Asian Paints, headquartered in Mumbai, is the first brand that comes to mind when purchasing a dream home! They make paints and home décor items. Like any other underdog storey, four friends began in a garage in Gaiwadi, Girgaum, Mumbai in the 1940s.
And the rest, as they say, is history. Its trajectory can be traced back to consistent growth, aided by a shift in perception as a premium industry leader fostering innovation. Asian Paints is India’s largest, Asia’s third-largest, and the world’s ninth-largest paints corporation, which is no surprise.
They’ve had some memorable taglines over the years, with one of the most notable beings, “Har Ghar Kucch Kehta Hai” (Every home speaks something) from 1980, which is still fresh in our minds and appears in their ads.
Asian Paints, through its subsidiaries, has a presence in 17 countries throughout the world and 23 paint production firms, serving customers in 65 countries.
Its subsidiaries are Berger International, SCIB Paints-Egypt, Asian Paints, Apco Coatings, and Taubmans. Through the five corporate brands Asian Paints, Berger International, Apco Coatings, Taubmans, and SCIB Paints, Asian Paints has a presence in five regions: South Asia, South East Asia, South Pacific, Middle East, and the Caribbean.
Asian paints have a market share of roughly 39% in India’s paint manufacturing firms industry in the financial year 2020.
12. Bajaj Auto Limited
Bajaj Auto Limited is an Indian three-wheeler and two-wheeler vehicle manufacturer. They are the world’s largest three-wheeler manufacturer, which comes as no surprise.
They are also India’s second-largest motorcycle manufacturer and the world’s third-largest motorbike manufacturer. Bajaj has plants in Akurdi, Chakan (Pune), Waluj (near Aurangabad), and Pantnagar in Uttarakhand.
Bajaj Auto Limited was separated into three corporate companies on May 26, 2008: BAL (Bajaj Auto Ltd), BFL (Bajaj Finserv Limited), and BHIL (Bajaj Housing Finance Limited) (Bajaj Holdings and Investment Limited).
The Forbes Global 2000 list for 2021 is ranked #1620.
13. Bombay Dyeing
Bombay Dyeing & Manufacturing Company Limited (Bombay Dyeing), the flagship company of the Wadia Group, was formed in 1879 and is headquartered in Mumbai.
Furnishings, bed linen, towels, and other items are their core offerings. Ratan Tata, the ex-chairman of the Tata group, served on the board of directors until 2013 when he resigned and was replaced by Cyrus Mistry.
Welspun Group, Trident Group, and others are among its main competitors in India.
14. Hindustan Unilever Limited
Established in 1931, Hindustan Vanaspati Manufacturing Co. was renamed Hindustan Unilever Limited (HUL) in June 2007. This manufacturing company is headquartered in Mumbai and is a subsidiary of the Anglo-Dutch company Unilever.
Foods, beverages, cleaning agents, personal care items, water purifiers, and other fast-moving consumer goods are among their offerings. In December 2018, HUL bought the India business of GSK (GlaxoSmithKline).
ITC, P&G, Colgate-Palmolive, and other critical Indian competitors include ITC, P&G, and Colgate-Palmolive.
15. Apollo Tyres
Apollo Tyres Limited is an Indian multinational tyre manufacturing firm founded in 1972. Gurugram is where they are headquartered. The company now has five manufacturing facilities in India, one in the Netherlands and one in Hungary. Perambra, Thrissur, Kerala, India, was the site of the company’s initial plant.
India generates 69 per cent of the company’s sales, while Europe accounts for 26% and other regions for 5%. In March 2016, Apollo launched their two-wheeler tyre.
Apollo Tyres will sell two brands of tyres in Europe by 2020: Apollo and Vredestein.
Bridgestone, MRF, and CEAT Limited are just a few of its significant competitors.
Due to the rising Indian consumer market, the manufacturing industry has emerged as a fast-growing sector.
During the fiscal year 2019, the manufacturing industry’s yearly growth rate was at 3.9 per cent. With the advent of new technology in recent years, manufacturing firms have had to increase their efficiency and precision of work.
Edited and published by Ashlyn Joy