Daman is rapidly gaining popularity as a tourist destination, known for its unique Portuguese-style architecture that adorns many of its buildings. The culture and traditions in this small union territory reflect a captivating blend of European, Indian and tribal influences. Beyond its growing tourism, Daman has experienced significant industrialisation due to its proximity to the industrial states of Gujarat and Maharashtra. This has attracted numerous companies, leading to a notable impact on the local economy and real estate landscape.
In this article, we will provide you with a list of the top companies in Daman and evaluate how they are shaping the city’s business environment and influencing developments in the real estate sector.
See also: Top companies of Gujarat
Business landscape in Daman
Daman’s business landscape is characterised by a diverse range of thriving industries, with the Daman Industrial Estate (Daman GIDC) serving as a hub for various businesses, from small-scale enterprises to large-scale operations. Key sectors include pharmaceuticals, food and beverages, plastics, chemicals, engineering and electronics. The pharmaceutical industry stands out as a major contributor, alongside the food and beverage sector, which hosts numerous food processing and packaging units. The region is also known for plastic manufacturing, chemical production, machinery and equipment in the engineering sector and a growing electronics industry. Collectively, these industries drive economic growth and offer a wide range of employment opportunities in Daman.
Top companies in Daman
Hindustan Unilever Limited
Industry: FMCG
Location: Udyog Nagar Daman – 396210
Founding Date: 1929
Hindustan Unilever is a renowned name in the consumer goods industry. Established over a century ago, the company manufactures a wide range of products, from products catering to personal care, home care to foods and beverages. Surf Excel, Lux, Dove, Fair & Lovely, Pepsodent and Rin are among their famous products that rule the Indian markets. Hindustan Unilever leads the market in numerous product categories, playing a significant role in the country’s consumer industry.
Sovereign Pharma
Industry: Pharmaceutical
Location: Kadaiya, Daman – 396210
Founding date: 2003
Established in 2003, Sovereign Pharma is a WHO and GMP-certified pharmaceutical manufacturing company. Specialising in terminally sterilised injectables, including liquids, ampoules, vials, cartridges and pre-fill syringes, it maintains rigorous quality standards and adheres to GMP requirements. The company displays commitment to innovation and quality leadership in contract manufacturing.
Reliance Industries
Industry: Conglomerate
Location: Dabhel , Daman – 396210
Founding date: 1966
Reliance Industries is a diversified conglomerate that has been leading various industries such as petrochemical, retail, digital services and telecommunication, etc. The company started with the petrochemical and refining industry, owning and operating some of the world’s largest refineries. Other sub divisions of Reliance such as Reliance Jio and Reliance Retail have seen rapid growth as well. It partners up with international corporations and delivers premium quality services to its clients.
Agrosyn Impex
Industry: Chemicals
Location: Marwad, Daman – 396210
Founding date: 2013
Founded in 2013, Agrosyn Impex is a distinguished manufacturer, trader, exporter and importer of various high-quality chemicals, including construction chemicals, leather chemicals, waterproofing chemicals, fluoride chemicals, pharma chemicals, agro fertilisers, and pesticide chemicals. It has built a strong client base and is known for its quality products.
Alkush Group
Industry: Hospitality, Human Resources
Location: Bhimpore, Daman – 396210
Founding date:1996
Since its inception in 1996, Alkush Group has evolved into a highly diversified company in India. Offering a unique mix of services across sectors such as industries, hospitality, human resources and properties, it caters to a global clientele. With corporate offices in Daman and well-equipped manufacturing units in Haridwar and Daman, Alkush Group continues to excel.
Arihant Industries
Industry: LD Polythene Sheets
Location: Kadaiya, Daman – 396210
Founding date: 1977
Arihant Industries specialises in the manufacturing of high-quality Stretch Film, Shrink Bags, LD Polythene Sheets and more. Utilising top-grade raw materials and advanced technology, it ensures the superior quality of its products. From Stretch Film to Biohazard Garbage Bags, Arihant Industries delivers a diverse range of packaging solutions.
Hyperlink InfoSystem
Industry: Technology
Location: Bhimpore, Daman – 396210
Founding date: 2011
Hyperlink InfoSystem is a prominent web and mobile app development company. It is pioneering the future with blockchain technology, including a hardware-backed blockchain product incorporating nano-technology to revolutionise business transactions and combat counterfeiting. It is committed to delivering value and high performance throughout the entire product development journey, from planning to delivery and offers a unique offshore development centre service to reduce costs.
Softlabs Group
Industry: Technology
Location: Bhimpore, Daman – 396210
Founding date: 2003
Founded in 2003, Softlabs Group is an experienced player in the technology solutions domain. Its proficient team serves numerous esteemed organisations, spanning both public and private sectors, within India and on the international stage. Driven by a vision of global expansion, it actively strives to establish a prominent presence in the worldwide market. Its unwavering commitment to growth, paired with a diligent and well-connected network, underscores its ambition to excel in the global technology arena.
Bharat Enterprises
Industry: Weighing Machine
Location: Khariwad, Daman – 396210
Founding date: 2005
Established in Daman, Bharat Enterprises has emerged as a prominent player in the field of weighing machine dealers. With additional recognition for being safety shoe exporters, electronic weighing machine dealers and electronic weighing machine exporters, this well-established enterprise serves as a comprehensive destination for customers, both local and beyond the borders of Daman. Over its journey, Bharat Enterprises has firmly entrenched itself within its industry, becoming a trusted one-stop solution for diverse needs.
Allied Propack
Industry: PE and PP plastics products
Location: Kachigam, Daman – 396210
Founding date: 1997
Established in 1997, Allied Propack is a prominent manufacturer, exporter, importer and supplier of various PE and PP plastics products, including bags, tubing rolls, film rolls, shrink wrap films and liner packing. With a solid presence in the domestic market and successful exports to countries such as the USA, UK, France, Germany, Dubai and Portugal, it aims to expand its global footprint.
Panasonic Life Solutions
Industry: Electronics
Location: Bhimpore, Daman – 396210
Founding date: 1918
Panasonic Life Solutions India is a household name with a history spanning over five decades. It delivers exceptional electrical products and began with a vision to manufacture high-quality electrical products in a market previously dominated by the unorganised sector. Since 1918, Panasonic has consistently provided durable, safe, and comfortable products worldwide.
Aroma Remedies
Industry: Pharmaceutical
Location: Dabhel, Daman – 396210
Founding date: 2005
Aroma Remedies is a rapidly growing Pharmaceutical, Healthcare and Medicine Manufacturing Company in India. With state-of-the-art Good Manufacturing Practices (GMP) and ISO certified facilities, it produces a variety of pharmaceutical formulations. Backed by over 20 years of experience and a dedicated Research & Development Wing, the company excels in contract manufacturing for both domestic and export markets.
Commercial real estate demand in Daman
Office space
Daman is experiencing a rapid surge in demand for office space, primarily driven by the influx of new businesses and the expansion plans of existing companies. The city’s strategic location, favourable policies and access to a skilled workforce make it an enticing choice for businesses of all scales seeking to establish or grow their operations.
Rental property
Daman’s rental property market is also witnessing robust demand, fueled by factors such as a growing local population, an influx of tourists and a limited housing supply. The city’s pleasant climate and proximity to Mumbai have solidified its appeal as a sought-after destination for both long-term residents and short-term visitors, contributing to the buoyant rental market.
Impact
The burgeoning demand for commercial real estate in Daman is translating into a positive impact on the local economy. It is generating employment opportunities, encouraging increased investments and enhancing tourism in the region. Daman is progressively becoming an attractive hub for living and working, which, in turn, is drawing new businesses and residents to the city, further boosting its economic growth and vibrancy.
Impact of companies on Daman
Companies have made a substantial impact on Daman’s real estate market, fueling demand and harnessing local opportunities. The presence of major corporations has drawn affluent individuals and families to the region in search of upscale housing options and willing to pay a premium for quality properties. Consequently, the demand for luxury real estate in Daman has surged, resulting in increased property prices as developers respond by constructing more high-end homes and apartments. Beyond stimulating demand, companies have strategically leveraged the local real estate market. Some have erected their own office complexes and warehouses, generating employment opportunities and fostering local economic growth. Others have collaborated with local developers to create mixed-use projects, blending residential and commercial spaces to enhance Daman’s vibrancy and livability.
FAQs
What is Daman known for?
Daman is renowned for its leather products and offers a shopping delight with bamboo mats and baskets.
What are the key industries in Daman?
Daman's major industries include the pharmaceutical sector, with numerous pharmaceutical companies in the Daman industrial estate and the thriving food and beverage industry featuring various food processing and packaging units.
How many industries operate in Daman?
Daman hosts 39 Industrial Estates with 3292 Industrial Units, mainly dominated by 2929 small-scale sector units. OIDC has developed two industrial areas in Daman, with others situated in Dabhel, Bhimpore, Kachigam and Kadaiya.
Which are the primary industrial zones in Daman?
The main industrial areas in Daman & Diu include Somnath, Dabhel, Bhimpore and Kadaiya, where numerous manufacturing industries are established.
Which area in Daman has the highest number of companies?
Silvassa, the capital of Daman and Diu, is the area with the highest concentration of companies, featuring government offices, businesses, and industries.
What is the average salary in Daman?
The average salary in Daman is approximately Rs 17 lakhs per year, typically ranging from Rs 12 lakhs to Rs 41 lakhs annually. The top 10% of professionals earn more than Rs 25 lakhs per year.
What is the price per square foot for commercial properties in Daman?
Commercial properties in Daman start at a price of Rs 5,500 per square foot, with an average property price of Rs 5,500 per square foot.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |
Saswat Kumar, a real estate writer, keeps up with the latest trends in residential real estate. He simplifies complex real estate jargon, making it accessible to all. Saswat’s data-driven analysis empowers buyers and investors to make informed choices in the housing market.
