Leading companies in Thane

Thane holds the distinction of being the third most industrialised city in Maharashtra. This economic achievement is primarily attributed to the presence of numerous high and medium-scale companies, which have not only driven the city’s economic growth but have also shaped the real estate landscape. As Thane continues to evolve and expand, the demand for industrial and commercial spaces, plots and warehouses is on a steady rise. This increasing demand, coupled with the imperative for enhanced infrastructure, positions Thane’s real estate sector for sustained growth and development in the foreseeable future.

In this article, we will delve into the top 10 companies in Thane and explore their impact on the city’s business landscape. Furthermore, we will examine how these companies are influencing the ever-evolving real estate sector in this vibrant city.

See also: List of companies in mumbai

 

Business landscape in Thane

Thane’s business landscape is characterised by a diverse industrial presence, establishing it as a prominent economic hub in the region. The city hosts a wide range of industries, including pharmaceuticals, chemicals, adhesives, plastics, textiles and fertilisers. A key industrial zone in Thane is the Thane-Belapur-Kalyan Belt, encompassing industrial clusters in Ambarnath, Tarapur, Palghar, Vasai and Murbad. These areas specialise in manufacturing machinery, such as refrigeration units, boilers, machine tools and industrial machinery for various sectors, including food and textiles. Additionally, Thane’s industrial zones along the Trans-Thane Creek and Belapur Road are prominent for the production of chemicals, chemical products and fertilisers, contributing to the city’s diverse industrial landscape. This varied industrial base underscores Thane’s significance as a thriving economic centre in the region.

 

Top 10 companies in Thane

Tata Consultancy Services

Industry: IT Services & Consulting

Company type: MNC

Location: Olympus Hiranandani Estate, Thane, Maharashtra – 400607

Founding date:  1968

Tata Consultancy Services, commonly known as TCS, is a prominent Indian multinational IT services and consulting company headquartered in Mumbai, Maharashtra. Renowned for its commitment to sustainability, it proudly holds a place in prestigious sustainability indices such as the AV and the MSCI Global Sustainability Index.

 

Raymond

Industry: Apparel, FMCG

Company type: Fashion & Textile

Location: Jekegram, Thane, Maharashtra – 400606

Founding date: 1925

Since its inception in 1925, Raymond has been synonymous with Trust, Quality and Excellence. This diversified conglomerate boasts a substantial presence in the textile & apparel sectors and extends its reach into FMCG, engineering and prophylactics on both national and international fronts. The company also plays a pivotal role as the top manufacturer and go-to supplier of high-quality ring denim to leading global denim brands. Furthermore, Raymond is a significant player in the ready-to-wear apparel segment, housing brands like Park Avenue, ColorPlus, Parx and Raymond Ready To Wear.

 

Eureka Outsourcing Solutions

Industry: Customer engagement

Company type: BPO

Location: Kapurbawdi Junction, Thane, Maharashtra – 400607

Founding date: 2002

Eureka Outsourcing Solutions (EOS) is a global professional services organisation with a strong focus on digital and technology innovation to deliver top-quality services. EOS boasts a diverse business portfolio encompassing BPM and KPO services. Its expertise shines in designing and implementing technology-based customised contact centre solutions tailored to meet specific client requirements. EOS teams are tirelessly dedicated to providing cutting-edge technology solutions, utilising Artificial Intelligence and Deep Learning Neural Networks to offer comprehensive omnichannel support for managing customer service and end-to-end customer life cycle management.

 

Concentrix Corporation

Industry: Customer engagement

Company type: BPO

Location: Kasarvadavali, Thane, Maharashtra – 400601

Founding date: 1983

Concentrix Corporation is a technology-enabled global business services company specialising in customer engagement and enhancing business performance. Collaborating with forward-thinking executives worldwide, it helps future-proof businesses and exceed customer expectations. Its primary focus revolves around tapping into sentiment and building emotional connections that foster customer and staff loyalty towards your brand. Concentrix excels at creating exceptional customer engagement, accelerating digital transformation, and delivering actionable insights to enhance the overall customer experience.

 

Willis Towers Watson

Industry: Consulting

Company type: Finance

Location: Subhash Nagar, Thane, Maharashtra – 400606

Founding date:  1828

Willis Towers Watson is a major global advisory, broking and solutions company founded in 1828. With a workforce of 45,000 employees serving over 140 countries, the company specialises in helping clients turn risk into opportunities for growth. Its solutions encompass people, risk and capital management. Willis Towers Watson is characterised by a strong client focus, an emphasis on teamwork, unwavering integrity, mutual respect and a relentless pursuit of excellence. These values are at the core of its rich history and continue to define its approach to business and client relationships, both now and in the future.

 

Kotak Mahindra Bank

Industry: Finance, stock broking, insurance

Company type: Banking

Location: Mira Road, Thane, Maharashtra – 401107

Founding date: 1985

Kotak Mahindra Bank is a leading Indian bank known for high-interest rate savings accounts, low-interest rate personal loans and attractive credit card offers. It obtained a banking licence from the Reserve Bank of India in February 2003 and subsequently merged with ING Vysya Bank in April 2015. The bank provides financial services such as stock broking, investments in mutual funds, coverage for life and investment banking to clients all over India, including both individuals and businesses.

 

IIFL Finance

Industry: Gold loans, business loans, personal loans

Company type: Non-banking financial

Location: Wagle Estate, Thane, Maharashtra – 400604

Founding date: 1995

IIFL Finance is a prominent retail non-banking financial company in India, operating in gold loans, business loans, personal loans and financial advisory services. With over 85 lakh customers and a presence in 4,000 locations, it is a key player in the Indian financial services sector. The company, listed on NSE and BSE, provides diverse loans and mortgages, serving retail and corporate clients through a network of 4,000+ branches across 500+ cities.

 

Wipro

Industry:  Global IT, consulting

Company type: MNC

Location: Airoli Railway Station, Thane, Maharashtra – 400708

Founding date: 1945

Wipro Limited is a global IT, consulting and business process services company recognised for its comprehensive portfolio of services and commitment to sustainability. It has over 243,000 employees serving clients across six continents. Wipro leverages cognitive computing, automation, analytics, cloud and new technologies to assist clients in adapting to the digital world.

 

C-Edge Technologies

Industry: Core banking, digital payments

Company type: Software

Location: Wagle Industrial Estate, Thane, Maharashtra – 400604

Founding date:  2006

C-Edge Technologies is a prominent banking and finance software company in India, specialising in core banking, digital payments solutions, self-service banking and compliance solutions. A joint venture between TCS and State Bank of India, C-Edge addresses major technology needs in the financial services industry. It aims to transform businesses profitably and empower individuals through advanced technology.

 

Ugam Solution

Industry: Data and analytics

Company type: IT

Location: Wagle Industrial Estate, Thane, Maharashtra – 400604

Founding date:  2000

Ugam is a major player in data and analytics, assisting retailers, brands and market research firms in transforming big data into valuable insights. The company’s managed services combine proprietary big data technology with domain knowledge and analytics expertise. Ugam serves top retailers, brands, online marketplaces, and market research firms, delivering high-quality insights and customer experience improvements.

 

Commercial real estate demand in Thane

Office space: Thane’s burgeoning demand for office space is primarily propelled by the growth of key sectors, including IT/ITES, BFSI and manufacturing. Companies are increasingly choosing Thane as their base of operations to capitalise on its cost-efficiency and improved quality of life for employees.

Rental property: The rental property market in Thane is experiencing a boom, attracting tenants from both within the city and beyond. This surge in demand for rental spaces has resulted in a substantial uptick in rental rates, reflecting the city’s attractiveness as a residential destination.

Impact: The robust demand for commercial real estate in Thane is contributing positively to the city’s economy. Co-working spaces are gaining traction in Thane, particularly among startups and small businesses. These spaces offer flexible and cost-effective workspace solutions, fostering a vibrant community of entrepreneurs and professionals. This trend not only supports economic growth but also cultivates a dynamic entrepreneurial ecosystem within Thane.

 

Impact of companies on Thane

Companies have had a substantial impact on Thane’s real estate market, essentially driving up demand and sparking growth. For instance, the Thane Global Impact Hub has attracted startups and businesses, increasing the need for real estate in the city. The ongoing expansion of the Thane Business District is drawing multinational corporations, further boosting the demand for office spaces. At the same time, the rise of new residential projects throughout Thane highlights the growing demand for housing. As these companies create jobs and stimulate economic activity, Thane has become a more appealing place to live and work, attracting more residents and intensifying the demand for both residential and commercial properties.

 

FAQs

What is the typical cost of living in Thane?

The cost of living in Thane varies based on one's lifestyle. For a modest life, it is around Rs 30,000 to Rs 50,000 but it can be higher for a lavish one.

Which neighbourhoods in Thane are highly recommended for residence?

Top residential areas in Thane include Kalyan, Ambernath, Badlapur, Dombivli, Ghodbunder Road and Kasarvadavali.

Which parts of Thane are known for their upscale living?

The Platinum belt in Thane West, comprising Kasarvadavali, Kavesar, Hiranandani Estate, Manpada, Brahmand, Majiwada and Patipada, are considered posh areas.

How many industries operate in the Thane district?

Thane ranks as the third most industrialised district in Maharashtra, housing 1,548 large and medium-scale industries, along with 18,480 small-scale industries.

What is the primary industrial zone within Thane?

The main industrial sector in Thane is Wagle Estate, founded in 1962.

What is considered a competitive salary in Thane?

Salaries in Thane vary based on the profession. For example, civil engineers earn between Rs 141,000 to Rs 7,66,000, while software developers can earn from Rs 1,90,000 to Rs two million, with respective averages.

Is Thane a preferable living choice compared to Mumbai?

The choice between Thane and Mumbai hinges on personal preferences. Mumbai offers urban vibrancy while Thane provides a tranquil atmosphere with access to affordable amenities.

Is investing in a Thane flat a prudent choice?

Yes, Thane's popularity stems from its relatively lower property rates within the Mumbai Metropolitan Region. Despite affordability, Thane offers quality housing options, making it a worthwhile investment.

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