In recent years, Indore has witnessed a flourishing corporate landscape, attracting diverse industries and companies. Situated in the heart of Madhya Pradesh, Indore’s strategic location, skilled workforce and robust IT sector have attracted numerous industry giants. This growth bolstered the local economy and significantly influenced the real estate market. The demand for office spaces, commercial properties and residential units has surged in response to this corporate dynamism. It promises a bright future for the real estate sector in this city. This article will explore the top companies in Indore that are transforming the city’s economic and real estate sector.
Business landscape in Indore
Indore boasts a rich historical heritage, exemplified by the ancient Indreshwar temple, the city’s oldest. Beyond its cultural treasures, Indore is renowned for its educational institutions and a population of nearly 3 million. With the growth of the industrial and IT sectors, it has become a thriving economic hub. The city offers diverse career opportunities, particularly in IT fields like web design, software development and digital marketing. It is an attractive destination for professionals seeking a balanced lifestyle and vibrant work culture.
List of top companies in Indore
Prataap Snacks
Industry: Food, FMCG
Company Type: Public
Location: Near Makrand House, Indore, Madhya Pradesh – 452020
Founded in: 2003
Prataap Snacks is a renowned snack food company with a global presence. It offers an array of delectable products under various brand names, including Yellow Diamond and Avadh. With a strong focus on quality and innovation, Prataap Snacks has experienced remarkable growth in recent years. Its diverse product range includes potato chips, snacks, namkeen, and more.
Indian Steel Corporation
Industry: Iron & Steel
Company Type: Private
Location: Nariman Point, Mumbai, Maharashtra – 400021
Founded in: 2004
Indian Steel Corporation (ISC) is a key player in the iron and steel industry. It delivers high-quality cold-rolled steel and coated steel products. ISC’s commitment to innovation and sustainability has propelled its growth, and it now caters to various sectors, including:
- Automotive
- Construction
- Home appliances
- General Engineering
Patanjali Foods
Industry: Food, FMCG
Company Type: Public
Location: Vijay Nagar, AB Road Indore, Madhya Pradesh – 452010
Founded in: 1986
Patanjali Foods, formerly known as Ruchi Soya Industries, is a dominant player in the edible oil and food industry. With a vertically integrated approach, it has secured access to palm oil plantations in India and owns multiple manufacturing units. Patanjali Foods has significantly contributed to the food and agriculture sector.
47Billion Information Technologies
Industry: Information Technology (IT), Data Analytics, AI, Robotics, IoT
Company Type: MNC
Location: Crystal IT Park, Indore, Madhya Pradesh – 452001
Founded in: 2014
47Billion is a technology-driven company that excels in product engineering and IT services. It is a global player in technology and innovation. With a diverse portfolio, including:
- User experience design
- Data analytics
- Machine learning
This company serves various industries, including health tech, banking and telecom. It has been crucial in helping startups and enterprises achieve their goals.
6 Degrees IT
Industry: Information Technology (IT), Data Analytics, AI, Robotics, IoT
Company Type: MNC
Location: Manorama Ganj, Indore, Madhya Pradesh – 452001
Founded in: 2006
6 Degrees IT is a trusted name in software products and IT services. It excels in delivering innovative solutions for businesses, combining technology with a deep understanding of client needs. It has contributed to the city’s reputation as a hub for IT and software development, with offices in Toronto, Canada and a development hub in Indore. With a global presence and a focus on technologies like web and mobile, it plays a significant role in the growth of various industries.
Abacus Consultancy Services
Industry: Information Technology (IT), Data Analytics, AI, Robotics, IoT
Company Type: MNC
Location: Pardesipura, Indore, Madhya Pradesh – 452010
Founded in: 2002
Abacus Consultancy Services (ACS) is a global IT service provider with a broad portfolio of services and solutions. With a commitment to quality, ACS is a truncated partner for businesses worldwide. Its goal is to drive innovation and deliver high-quality business solutions, contributing to Indore’s reputation as an IT hub.
Tekfortune IT India
Industry: Consulting
Company Type: MNC
Location: Behind C21 Mall, Indore / Madhya Pradesh – 452001
Founded in: 2014
Tekfortune IT India specialises in software solutions and healthcare recruitment services. It serves a wide range of industries, including:
- Healthcare
- Banking
- Finance
- Telecommunication
- Aviation
With a focus on quality and a talented team, it empowers businesses to thrive in a rapidly changing digital landscape.
Galaxy Weblinks
Industry: Information Technology (IT), Data Analytics, AI, Robotics, IoT
Company Type: MNC
Location: 307 Bansi Trade Center, Indore / Madhya Pradesh – 452001
Founded in: 2000
Galaxy Weblinks is a global technology consulting firm known for delivering digital solutions that drive business results. With a team of over 670 professionals, it caters to a diverse range of industries, including hospitality, real estate and more.
Impetus Technologies India
Industry: Information Technology (IT), Data Analytics, AI, Robotics, IoT
Company Type: MNC
Location: Palasia, A.B.Road, Indore / Madhya Pradesh – 452001
Founded in: 1991
Impetus Technology is a digital engineering company specialising in analytics, AI, and Cloud solutions. Its expertise in data engineering and cloud technology has made it a preferred choice for Fortune 500 enterprises. With a global presence and a focus on innovation, Impetus has been a key player in transforming digital nuclei for enterprises.
Navkar Textiles
Industry: Manufacturing, Supplying and Exporting
Company Type: Private
Location: Sector D, Industrial Area, Indore, Madhya Pradesh – 452015
Founded in: 1980
Incepted in 1980, Navkar Textiles’ has firmly positioned itself as a prime manufacturer, supplier and exporter of bedsheets (cotton + polycot), hospital bedsheets, yellow duster, refill cloth, flannel fabric, canvas fabric. Its products are manufactured using premium quality raw material, which is procured from trusted and reliable vendors of the market. Its products are highly acclaimed in the market for their durability, superior quality, colorfastness, tear resistance, exquisite patterns and flawless finish.
Central India Fabrics
Industry: Manufacturing, Supplying and Exporting
Company Type: Private
Location: Sector D, Industrial Area, Indore, Madhya Pradesh – 452015
Founded in: 2009
Established in the year 2009 at Indore, Central India Fabrics is a prominent name engaged in manufacturing, supplying and exporting a broad assortment of Cotton Printed Flannel Fabric, Flannel Baby Clothes, Rifle Cleaning Flannel, Interlining Fabric and Quality Fabric Items. With its extensive range of products, it has become the city’s go-to textile manufacturer for diverse needs.
Larsen & Toubro (L&T)
Industry: Engineering, Constructing and Manufacturing
Company Type: MNC
Location: Dhar, Indore, Madhya Pradesh – 454774
Founded in: 1946
Larsen & Toubro, commonly referred to as L&T, is a massive Indian multinational conglomerate with diversified interests. It operates in various sectors, including engineering, construction, manufacturing, technology, information technology and financial services. Founded by two Danish engineers seeking refuge in India, it boasts an extensive network of subsidiaries, associates and joint ventures, operating across a wide spectrum of industries.
Commercial real estate demand in Indore
Office space: Companies in Indore are fueling the demand for commercial real estate in the city/ This surge is notably seen in the need for office spaces, driving the development of modern office complexes and business hubs. Not only does this cater to the specific needs of these companies, but it also spurs growth in peripheral areas.
Rental property: The influence of these companies has had a profound effect on the rental property market in Indore. Landlords and property owners are reaping benefits as rental rates become more competitive and property values appreciate, making it an attractive option for savvy investors.
These companies shape Indore’s landscape in multifaceted ways. It shows the rise of integrated complexes that seamlessly blend residential, commercial, and rental spaces. This holistic approach not only caters to its requirements but also enhances the creation of self-sustaining centres in Indore.
Impact of companies in Indore
Companies in Indore have significantly transformed the city’s economic landscape. They’ve spurred employment opportunities, particularly in IT, manufacturing and pharmaceutical sectors, driving urban development. The real estate market has also flourished. Indore has emerged as a thriving business hub, boasting technology parks and attracting both domestic and international businesses. The city’s economic prowess, driven by IT and commerce, is reflected in its impressive GDP of Rs 98,469 crore annually. Indore’s thriving corporate sector offers diverse career prospects, further making it a top choice for professionals.
FAQs
What is the major industry in Indore?
Indore boasts a diverse industrial sector, with key sectors including: Food and FMCG Iron and steel Information technology Consulting services
Which companies have a significant presence in Indore’s real estate market?
Companies like Prataap Snacks, Indian Steel Corporation and 47 Billion Information Technologies have played a pivotal role in shaping Indore’s real estate dynamics.
What role does the food processing industry play in Indore?
Indore is a hub for the food processing industry, with companies like Prataap Snacks and Dharmani Deni involved in this sector.
How have these companies influenced the technological and IT sectors in Indore?
Many of these companies are involved in technologies which have influenced the technological and IT sectors in Indore. These technologies include: IT Data analytics AI
Which sectors are expected to grow in Indore’s businesses in the coming years?
Sectors that are expected to witness significant growth in Indore are such as: e-Commerce Logistics Renewable Energy
Which companies in Indore are known for their contribution to the pharmaceutical sector?
Sun Pharmaceutical Industries and Cipla have a significant presence in Indore’s pharmaceutical industry.
How have these companies contributed to the real estate growth in Indore?
These companies have driven demand for commercial office spaces and industrial properties in Indore as they continue to expand their projects. This increased demand has influenced the growth of the local real estate market.
What impact has the FMCG sector had on Indore’s real estate?
The FMCG sector, represented by companies like Patanjali Foods, has contributed to the demand for warehousing and distribution centres in the city.
What are these firms’ prospects for the future, and how will they affect Indore?
These companies are likely to continue their growth trajectory, further contributing to the economic and real estate development of Indore. These firms deliver digital solutions to their clients, attracting more businesses to the city.
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