Top 10 companies in Nashik

Nashik, a city nestled in the heart of Maharashtra, is a bustling hub for various industries and businesses, making it a significant player in the state’s economic landscape. In recent years, the growth of companies in Nashik has had a profound impact on the local real estate market. In this article, we’ll take a look at the top companies in Nashik and how this city’s business boom is shaping the real estate sector.

 

Business landscape in Nashik

Known for its diverse industries, Nashik boasts a healthy mix of manufacturing, agriculture and service sectors. It’s home to numerous small and large companies, making it a hub for job opportunities and entrepreneurship. From wineries to manufacturing units and tech companies, Nashik’s business scene continues to evolve, making it an exciting place for business enthusiasts.

 

List of top companies in Nashik

Mahindra & Mahindra

Industry: Automobile, Auto Ancillaries, Electric Vehicle & Dealers

Company Type: India’s Top 500

Location: Satpur Colony, Nashik-422007

Founded in: 1945

Mahindra & Mahindra is a part of the Mahindra Group Automobile manufacturing. The company started as a steel trading company in 1945 and then moved into making four-wheel-drive vehicles. It is known for its SUVs and even acquired a South Korean automaker, Ssangyong Motor, in 2010. Besides vehicles, Mahindra Group has a prominent mark in agriculture, finance, and IT services. 

 

Hindustan Aeronautics  

Industry: Airlines, Aviation, Defence, Drone

Company Type: India’s Top 500

Location: Ojhar, Nashik – 422302

Founded in: 1964

Hindustan Aeronautic was established in 1964 and has been involved in the manufacture and overhaul of various aircraft, including MiG and Su-30 MKI models. It specialises in aircraft manufacturing, maintenance, and support. It has a diverse range of activities, including supporting Indian Air Force operations and exporting MiG spares to several countries. 

 

Siemens

Industry: Power, Green Energy

Company Type: MNC

Location: M I D C Ambad, Nashik – 422010

Founded in: 1867

Siemens is a technology company operating in India with a focus on industry, infrastructure, digital transformation, transportation, and electrical power generation and transmission. Siemens’s history in India dates back to 1867. The company operates across diverse sectors, including energy, smart infrastructure, digital industries, and mobility, offering technologies and solutions for automation, digitalisation, power generation, and more.

 

GlaxoSmithKline 

Industry: Pharmaceuticals, Labs

Company Type: India’s Top 500

Location: MIDC Ambad, Nashik – 422010, 

Founded in: 1984

GlaxoSmithKline focuses on General Medicines, Vaccines and Specialty medicines. It leads in general medicines, particularly in anti-infectives, pain, dermatology, and vitamins. It also invests in innovative solutions for patients with respiratory conditions through Specialty medicines. The company’s manufacturing facility in Nashik produces tablets, creams, and ointments. 

 

Larsen & Toubro (L&T)

Industry: Construction, Infrastructure, Coworking, Engineering

Company Type: India’s Top 500

Location: Shriram Wadi, Nashik – 422001

Founded in: 1946

Larsen & Toubro (L&T) is an Indian multinational company involved in EPC (Engineering, Procurement, and Construction) projects, hi-tech manufacturing, and services. It operates globally in more than 50 countries. L&T covers a wide range of sectors in the economy and offers end-to-end services, from design to delivery. 

 

Reliance Industries

Industry: Chemical, Petroleum, Oil, Gas

Company Type: India’s Top 500

Location: MIDC Ambad, Nashik – 422010 

Founded in: 1966

Reliance Industries is one of India’s largest conglomerates. It operates in diverse sectors, including petrochemicals, refining, telecommunications, retail, and digital services. Reliance is known for its significant contributions to the Indian economy and its global presence in various industries.

 

ABB India

Industry: Electrical, Electronics, Batteries, Power, Green Energy

Company Type: India’s Top 500

Location: Satpur Colony, Nashik  –  422007

Founded in: 1978

ABB India’s new factory in Nashik focuses on the production of power distribution products. The facility, spread over five acres, incorporates smart manufacturing features and real-time data connectivity. It manufactures a range of medium-voltage products, including vacuum interrupters, circuit breakers, and switchgear. 

 

Bosch

Industry: Technology and services  

Company Type: Private (GmbH)

Location: MIDC, Satpur Colony, Nashik – 422007 

Founded in: 1886

In India, Bosch is a leading supplier of technology and services in the areas of Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. Additionally, Bosch has in India the largest development centre outside Germany, for end-to-end engineering and technology solutions.

 

TDK India

Industry: Electronics Manufacturer 

Company Type: Private Limited, Forbes Global 2000

Location: Satpur Colony, Nashik – 422007 

Founded in: 1976

TDK India Private Limited (TDK lndia) is a subsidiary of TDK Electronics (formerly EPCOS) that develops, manufactures and markets electronic components and systems, focusing on technology markets that include automotive, industrial, and consumer electronics, as well as information and communications technology. Today, TDK lndia is a healthy 800+ Crore company with close to 2250 employees in three factories and five sales offices throughout the country, as well as a strong network of dealers.

 

Jindal SAW

Industry: Oil, Gas and Mining

Company Type: MNC

Location: Nashik Road, Nashik – 422101

Founded in: 1984

Jindal SAW is a part of the $18 billion O.P. Jindal Group, one of the country’s topmost industry houses and the foremost indigenous steel producers and exporters. It started operation in 1984, when it became the first company in India to manufacture Submerged Arc Welded (SAW) Pipes using the internationally acclaimed U-O-E technology.

 

Commercial real estate demand in Nashik

Office space: Businesses, both small and large, are settling in Nashik, increasing the need for office spaces. The city’s strategic location, favourable weather and connectivity are attractive to companies, leading to a surge in demand for office spaces.

Rental properties: Nashik’s booming business scene has also fueled the demand for rental properties. Many professionals and newcomers to the city are seeking accommodation, creating opportunities for property owners and investors to provide rental housing solutions.

This surge in commercial real estate demand has had a positive impact on the local economy. It’s created jobs in construction, property management, and related industries. Additionally, the increased business activity has boosted the city’s overall economic growth.

 

Impact of these companies on Nashik

The presence of these companies in Nashik has brought about a positive impact on the city’s overall growth and prosperity. It has led to increased job opportunities, attracted talent and investment, and boosted the local economy. Additionally, the demand for commercial and residential spaces has stimulated the real estate sector, further enhancing Nashik’s appeal as a thriving business destination.

 

FAQs

What are the biggest companies in Nashik?

Some of the biggest companies in Nashik, India, across various sectors include: Mahindra & Mahindra Hindustan Aeronautics Limited Siemens GlaxoSmithKline (GSK) Larsen & Toubro (L&T) Reliance Industries

Which industry is famous in Nashik?

The wine industry is famous in Nashik.

What is Nashik popular for?

Apart from its wine industry, Nashik has a growing business landscape, particularly in sectors like manufacturing, agriculture, and information technology, making it a hub for various industries and job opportunities.

Does Nashik have IT companies?

Yes, Nashik has a thriving IT industry with over 10,000 companies, including both large and small-scale enterprises.

Which area is best in Nashik?

Some of the popular areas are Pathardi Phata, Indira Nagar, Gangapur, Igatpuri and Nasik Road.

Is Nashik a fast growing city in India?

Nashik is one of the fastest-growing cities in India due to its fast-growing business scene and infrastructure, all together contributing to the city’s economy.

Is Nashik good for investment?

Investing in Nashik is a wise choice due to its affordable land and property rates, improved infrastructure, efficient transportation, and low traffic congestion.

Where is the best place to buy a house in Nashik?

The best places to buy a house in Nashik include Pathardi Phata, Indira Nagar, Nashik Road, Jail Road, and Dhruv Nagar. You can find independent houses for sale in Nashik, with an average price of Rs 69.4 Lac and a median price of Rs 53.5 Lac.

What is the GDP of Nashik?

In the fiscal year 2020-21, Nashik's GDP was Rs 1,35,40,700 lakh at current prices and Rs 94,36,900 lakh at constant prices.

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