Over the years, Mangalore has witnessed a significant influx of companies across various sectors, from IT and manufacturing to hospitality and education. This surge in corporate activity has sparked a symbiotic relationship with the real estate market, as the demand for commercial spaces and residential accommodations has skyrocketed. Let’s explore the prominent companies that have established a significant presence in Mangalore and fueled the heightened demand for real estate in the city.Â
Business landscape in Mangalore
From the bustling ports and shipping companies to the thriving manufacturing and IT sectors, Mangalore offers a wide spectrum of economic opportunities. In addition, the city exports 75% of India’s timber, cashews and coffee through the new port. By importing copious amounts of timber to the southeast region of Asia, agriculture in Mangalore significantly contributes to the stability of the economy.Â
List of top companies in MangaloreÂ
Cognizant Technology SolutionsÂ
Industry: IT, Data Analytics, AI, Robotics, IoT
Company Type: MNC
Location: Bendoor, Mangalore, Karnataka- 575002
Founded in: 1994
The company is a key player in Mangalore that excels in simplifying complex challenges through technology. With a commitment to delivering modern tech solutions aligned with client’s business values, Cognizant is a professional force that drives technological transformation in the industry, meeting client demands with precision and expertise.
Mangalore Refinery and Petrochemicals (MRPL)
Industry: Petroleum and Gas
Company Type: Public
Location: Katipalla, Mangalore, Karnataka – 575030
Founded in: 1988
MRPL, a subsidiary of the Oil and Natural Gas Corporation (ONGC), is an esteemed player in the oil refining and petrochemical industries. With its cutting-edge facilities and technology, it plays an indispensable part in meeting the nation’s energy demands.Â
Mangalore Chemicals & Fertilizers (MCF)
Industry: Chemical
Company Type: Public
Location: Panambur, Indian Oil Tank Farm, Mangalore, Karnataka 575010
Founded in: 1974
As the state’s largest maker of chemical fertilisers, the firm holds an essential position in the industrial landscape of Karnataka. MCF, with its extensive background and adherence to agricultural advancement, plays an important role in boosting the region’s agricultural economy. The company’s manufacturing facilities have been set up to produce high-quality fertilisers that boost crop yields.Â
Invenger Technologies
Industry: IT, Data Analytics, AI, Robotics, IoT
Company Type: MNC
Location: Kottara, Mangalore, Karnataka – 575006
Founded in: 2006
Invenger Technologies is a forward-thinking technology company making waves in the industry. Known for its innovative solutions and cutting-edge products, Invenger specialises in developing advanced software applications and providing IT consulting services.Â
Bharath Auto Cars
Industry: Automobile
Company Type: Private
Location: Kottara, Mangalore, Karnataka – 575006
Founded in: 2006
Bharath Auto Cars stands as the foremost and most contemporary Maruti Suzuki dealer in both South and North Karnataka. The unwavering dedication and adept problem-solving abilities set the company apart from others. In addition to the physical showrooms, the company has a strong online presence. Here, individuals can peruse comprehensive specifications of all Maruti Suzuki cars, explore various schemes, access Ex-showroom pricing details, and more.
Fernandes BrothersÂ
Industry: Export
Company Type: FMCG
Location: Maroli, Kulshekar, Mangalore, Karnataka – 575005
Founded in: 1946
Established in 1946, Fernandes Brothers has emerged as a prominent player in the cashew export industry, holding the esteemed recognition of being an export house accredited by the Ministry of Commerce, Government of India. Boasting one of the oldest cashew factories in South India, it is equipped with state-of-the-art machinery.Â
Konkan Speciality Polyproducts (KONSPEC)
Industry: Polyproducts
Company Type: Private
Location: New Mangalore, Industrial Area, Baikampady, Karnataka – 575011
Founded in: 1987
The company is a versatile manufacturer, offering an extensive spectrum of masterbatches and compounds. From vivid colourants to subtle additives, mineral-filled blends to natural fibre composites, its expertise spans various industries – from fibres to films, household to automotive, FMCG to pharmaceutical packaging, and beyond.Â
Infosys
Industry: IT
Company Type: MNC
Location: Kulur Ferry Road, Kottara, Mangalore, Karnataka – 575006
Founded in: 1981
Infosys is a multinational consulting, technology, and outsourcing solutions provider. This Indian multinational corporation, founded in 1981, has evolved to become one of the world’s largest and most powerful IT services firms. Headquartered in Bangalore, Infosys operates in over 45 countries and serves clients in various industries, including finance, healthcare, retail, and more.
Novigo SolutionsÂ
Industry: IT, AI, Cloud Data
Company Type: MNC
Location: Karuna Pride, Falnir Road, Attavar, Mangalore, Karnataka – 575001
Founded in: 2013
Novigo Solutions has garnered a reputation for delivering innovative and tailored technological solutions to businesses across diverse industries. With a focus on harnessing the power of emerging technologies, it empowers organisations to stay ahead in an ever-evolving market. The company’s expert team, coupled with a customer-centric approach, positions Novigo as a trusted partner in driving digital transformation and achieving sustainable business success.
Mandovi Motors
Industry: Automobile
Company Type: Private
Location: Arvind Building, Balmatta Road Hampankatta, Mangalore, Karnataka – 575001
Founded in: 1984
Founded in 1984 in Bangalore, Mandovi Motors holds the distinction of being the foremost and largest Maruti Suzuki cars dealership in Karnataka. Renowned for its unwavering commitment to customer satisfaction, it consistently strives to elevate its quality benchmarks, relentlessly pursuing perfection. This dedication has not only garnered unwavering loyalty from its clientele but also propelled a substantial portion of its business through referrals from satisfied customers.Â
Commercial real estate demand in Mangalore
Office space: Mangalore is experiencing a consistent uptick in demand for commercial real estate, with particular emphasis on office spaces. This surge is attributed to the influx of IT firms, startup ventures, and a burgeoning number of businesses setting up their base in the city. In response, there has been a notable proliferation of contemporary office complexes and business parks across the urban landscape, catering to the rising requirements of the corporate sector.
Rental property: The rental property market has thrived in tandem with Mangalore’s growing business landscape. This prosperity is underpinned by a diverse workforce hailing from various corners of the nation and the establishment of new enterprises in the region. This symbiotic relationship has proven advantageous for property owners, as it guarantees a steady demand for commercial spaces. Consequently, this has led to robust competition in rental rates and a subsequent uptick in property valuations.
Impact: In response to the evolving demands of urban living, real estate developers in Mangalore are progressively emphasising mixed-use developments. These innovative projects seamlessly integrate residential, commercial, and retail spaces within a single complex. By combining places to live, work, and shop, these mixed-use developments aim to create self-contained neighbourhoods that thrive with vibrancy and vitality.Â
Impact of companies on Mangalore
The surge of businesses in Mangalore has profoundly changed the city’s financial situation, impacting the local real estate market. With the emergence of companies in a broad range of sectors, there has been an increase in demand for commercial spaces. This increased demand has prompted the creation of not only modern office compounds but also residential properties to accommodate the expanding workforce. As a result, Mangalore’s real estate industry has seen a significant increase, reflecting the city’s dynamic interaction between corporate expansion and urban development.
FAQs
Which industry is Mangalore famous for?
Major industries in Mangalore include petrochemicals, IT, manufacturing, and agriculture.
Are there any pharmaceutical companies based in Mangalore?
Yes, there are pharmaceutical companies in Mangalore, such as Wanbury Limited and Coastal Healthcare.
What are the major export products from companies in Mangalore?
Major export products from Mangalore include petroleum products, cashew nuts, coffee, and seafood.
What is the main source of income in Mangalore?
The exports of coffee, timber, and cashew nuts are the primary source of generating revenue for the city.
Which is the best area to live in Mangalore?
Surathkal, Moodabidri, Kadri, Mulki, and Bejai are some of the most popular areas to reside in the city.
What are the major agricultural products cultivated in Mangalore?
Mangalore is known for cultivating crops like coconut, areca nut, and cashew, which are significant agricultural products in the region.
Is Mangalore a hub for the manufacturing sector?
Yes, the city has a diverse manufacturing sector with companies producing goods ranging from petrochemicals to processed foods.
How has the presence of companies impacted the economic landscape of Mangalore?
The emergence of businesses has fueled the success of the city as a whole by fostering economic expansion, the creation of jobs, and technical improvement in Mangalore.
What are some of the sectors that have witnessed notable growth due to the presence of companies in Mangalore?
Due to the presence of companies, industries including banking, petrochemicals, IT, and manufacturing have all seen substantial expansion in Mangalore.
Are there any eco-friendly initiatives taken by companies in Mangalore?
Yes, some companies in the city have initiated eco-friendly practices, such as waste recycling and reducing carbon emissions.
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