Ernakulam is often referred to as the commercial capital of Kerala, where businesses thrive. The city is home to a wide range of companies spanning various industries. These companies have a significant impact on the real estate landscape of the city. As businesses grow and prosper, they create a demand for office spaces, commercial properties and even residential areas for their employees. So, if you’re considering investing in Ernakulam’s real estate market or looking for a place to live or work, it’s important to understand the role that companies play in shaping the city’s property landscape.
Business landscape in Ernakulam
Ernakulam is a diverse business hub with a strong presence in IT, finance, tourism, and trade. It’s known for its bustling commercial areas and trading opportunities. The city’s business landscape offers a wide range of economic opportunities and attracts both local and international investors.
List of top companies in Ernakulam
TCS
Industry: Information Technology (IT), Data Analytics, AI, Robotics, IoT
Company Type: India’s Top 500
Location: Kakkanad, Kerala 682042
Founded in: 1968
Tata Consultancy Services (TCS) is a prominent multinational IT service and consulting firm in India. Established in 1968, it operates globally and serves industries like e-governance, banking, financial services, telecommunications, education, and healthcare sectors, with a workforce of over 6,00,000 employees and a market capitalisation exceeding $200 billion. TCS is a subsidiary of Tata Sons, now a major player in the IT industry.
Cognizant Technology Solutions
Industry: Information Technology (IT), Data Analytics, AI, Robotics, IoT
Company Type: MNC
Location: Kakkanad, Kerala 682030
Founded in: 1994
Cognizant Technology Solutions is an American multinational IT services provider established in 1994 by Kumar Mahadeva and Francisco D’Souza. It offers IT services, consulting, and business process outsourcing. Cognizant initially gained prominence during the dot com boom and, over time, expanded into application development, complex systems integration, and consulting.
IBM
Industry: Consulting, Information Technology (IT), Data Analytics, AI, Robotics, IoT
Company Type: MNC
Location: Kakkanad, Kerala 682030
Founded in: 1911
IBM (International Business Machines) is a long-established multinational technology company founded in 1911. It specialises in computer hardware, middleware, and software. IBM is known for its mainframe computers used by large corporations and government agencies. It also offers IT services and consulting to help businesses optimise operations and adopt new technologies.
Amazon
Industry: E-commerce
Company Type: MNC
Location: Edappally, Ernakulam – 682024.
Founded in: 1994
Amazon was founded in 1994 by Jeff Bezos. It is a global e-commerce and technology company headquartered in Seattle, Washington. Amazon is known for its vast online marketplace, cloud computing services through Amazon Web Services (AWS), and innovative products like the Kindle e-reader and Alexa voice assistant. It has grown into one of the world’s largest and most influential technology and e-commerce companies.
Deloitte
Industry: Consulting
Company Type: MNC
Location: Kochi, Kerala, 682024.
Founded in: 1989
Deloitte, formally known as Deloitte Touche Tohmatsu Limited, is a UK Private Company. It provides audit, consultancy, and financial advisory services. Deloitte & Touche was created in 1989 It is one of the biggest firms in tax, audit, and consulting. It operates in 150 countries with approximately 415,000 employees. Deloitte is among the Fortune Global 500 companies.
Byjus
Industry: Institutes – Educational, Training, Edtech
Company Type: India’s 501-1000
Location: Palarivattom, Ernakulam, Kerala 682025
Founded in: 2011
Established in 2011, BYJU’S is India’s largest ed-tech company. It is renowned for its school learning app, which launched in 2015. It offers personalised learning programs for K-12 students and competitive exam aspirants, boasting 50 million registered students and 3.5 million paid subscriptions.
Aster Medcity
Industry: Healthcare
Company Type: Listed Public Company
Location: South Chittoor, Kochi, Kerala 682027
Founded in: 2015
Aster Medcity is a quaternary care healthcare centre in the city of Kochi and has 670 bed capacity and houses state-of-the-art facilities with a multispeciality hospital and eight specialty centres for cardiac sciences, orthopaedics and rheumatology, neurosciences, nephrology and urology, oncology, gastroenterology and hepatology, women’s health, child and adolescent health.
V-Guard Industries
Industry: Electronics Manufacturing
Company Type: Public Company (B2B)
Location: Vennala, Kochi, Kerala 682028
Founded in: 1977
V-Guard Industries based in Kochi Kerala is a multi-product company catering to the mass consumption market. The Company is engaged in manufacturing, trading and selling of a wide range of Electronics, Electrical and Consumer Durables like voltage stabilisers, electrical cable, electric pumps, electric motors, geysers, solar water heaters, electric fans and UPSs. The Company has a strong nationwide distribution network of 32 branches 624 distributors and more than 50,000 channel partners.
Reliance Jio
Industry: Telecommunications
Company Type: Industry Top
Location: Palarivattom, Kochi, Kerala 682025
Founded in: 2015
Reliance Jio Infocomm Limited, doing business as Jio, is an Indian telecommunications company and a subsidiary of Jio Platforms, headquartered in Navi Mumbai, Maharashtra, India. It operates a national Long-Term Evolution (LTE) network technology with coverage across all 22 telecom circles. Jio does not offer 2G service or 3G service, and instead uses Voice over LTE (VoLTE) to provide voice service on the company’s network. The launch of Reliance Jio has caused a revolution in the Indian telecom industry on a level never seen before.
Sutherland Global
Industry: Technology
Company Type: MNC
Location: Kakkanad, Kochi, Kerala 682037
Founded in: 1986
Sutherland is an experience-led digital transformation company that helps businesses achieve non-linear growth by delivering exceptionally engineered experiences for customers and employees. They do this by combining human-centred design with the scale and accuracy of real-time analytics, AI, cognitive technology and automation.
Commercial real estate demand in Ernakulam
Office space: Companies in Ernakulam are expanding, and they need office space to accommodate their growing workforce. This has led to a consistent demand for modern and well-equipped office spaces in prime locations across the city.
Rental property: As Ernakulam continues to attract professionals and businesses, the demand for rental properties, both residential and commercial, has surged. Many people are looking for suitable places to live and work in the city.
The increasing demand for commercial real estate is driving property developers and investors to invest in Ernakulam. This, in turn, boosts the city’s real estate market and contributes to its overall economic growth.
Impact of these companies in Ernakulam
Companies in Ernakulam have a profound impact on the city’s growth and development. They provide job opportunities for the local population, stimulate economic activities, and create a demand for real estate, including office spaces and housing. This increased demand fuels construction and infrastructure development, making Ernakulam a thriving business hub. Additionally, companies often invest in community development and contribute to the city’s social fabric, enhancing the overall quality of life for its residents.
FAQs
Is Ernakulam also known as Kochi?
Yes, Ernakulam is also known as Kochi. Kochi is a major city in the Ernakulam district of Kerala, India, and the terms are often used interchangeably because Kochi is the largest and most populous part of the Ernakulam district.
What companies are in Kochi?
TCS, Cognizant, and IBM are among many other companies in Ernakulam.
What is the main industry of Ernakulam?
The primary industry in Ernakulam is shipbuilding, with the Cochin Shipyard being one of India's largest shipbuilding facilities.
Is Kochi a good place to work?
Kochi can be a good place to work, depending on your profession and personal preferences. It has a growing job market, especially in the IT and tourism sectors.
What is the economy of Ernakulam district?
Ernakulam district boasts the highest per capita income and GDP in the state, making it the top-ranking district economically. It's also known as the IT capital of the state.
Where is the best place to buy property in Kochi?
The best places to buy property in Kochi are near Infopark, Aluva, Kakkanad, Vennala, Kaloor, and Edappally, based on extensive research and analysis of the city's growth.
Is Kochi a good place to invest?
Yes, Kochi is an excellent place for investment. It's a rapidly growing city with a thriving trade, tourism, and industrial sector. Additionally, Kochi attracts NRI real estate investors and hosts approximately 450 IT companies, making it a promising destination for investment.
How is the real estate market in Kerala?
The real estate market in Kerala is booming, drawing interest from local and international buyers and investors who see potential in the state's natural beauty and property market. A noticeable trend is the growing demand for luxury apartments and villas in the region.
Is Kochi a developing city?
Yes, Kochi is a rapidly developing city and one of the fastest-growing tier-II cities in India. Its strategic location and historical trade connections have contributed to its growth.
What are the important points about Ernakulam district?
Ernakulam district is notable for being home to the largest metropolitan region in Kerala, known as Greater Cochin. Ernakulam ranks as the third most populous district in Kerala, following Malappuram and Thiruvananthapuram, among the 14 districts in the state.
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