Udaipur, known as the ‘City of Lakes’, has transformed into a flourishing business hub in the heart of Rajasthan, India. This enchanting city, with its rich cultural heritage and scenic landscapes, has attracted a diverse array of companies and industries. Udaipur’s strategic location, combined with its skilled workforce, has seen the establishment of businesses spanning manufacturing, tourism, hospitality, information technology and more.
Business landscape in Udaipur
Udaipur boasts a diverse and thriving business landscape characterised by a multitude of industries and sectors. The city’s economic vitality is underpinned by robust manufacturing, including automobile components and textile mills. Additionally, Udaipur has emerged as a cultural and tourist hub, fostering a vibrant hospitality and tourism sector. The information technology and education sectors have also seen substantial growth. This diversity has created a dynamic and resilient business ecosystem, making Udaipur an appealing destination for entrepreneurs and investors.
List of top companies in Udaipur
ICICI Bank
Industry: BFSI, Fintech
Company Type: India’s Top 500
Location: Ashwini Marg, Udaipur/ Rajasthan- 313001
Founded in: 1994
ICICI Bank is a prominent Indian multinational banking and financial services company. It offers a wide range of financial products and services, including retail and corporate banking, investment banking, wealth management, and insurance. The bank has been involved in various major projects, providing financial solutions to support economic development and growth.
Wonder Cement
Industry: Construction Material
Company Type: Industry Top
Location: Old Fatehpura, Udaipur/ Rajasthan- 313004
Founded in: 2010
Wonder Cement is a leading cement manufacturing company in India known for its commitment to quality and innovation, it produces a range of high-quality cement products. The company has executed major projects in the construction and infrastructure sectors, supplying top-notch cement to meet the demands of diverse industries and construction projects nationwide.
Hindustan Zinc
Industry: Mineral, Metal, Mining
Company Type: India’s Top 500
Location: Swaroop Sagar, Udaipur/ Rajasthan 313004
Founded in: 1966
Hindustan Zinc holds a distinguished position in India’s mining and metallurgical landscape. Specialising in the extraction and refinement of zinc, lead, and silver, the company plays a pivotal role in providing vital metals to various industries. Its commitment to excellence supports industrial and technological advancements on a global scale, underlining its significant impact in the sector.
Secure Meters
Industry: Electrical, Electronics, Batteries
Company Type: Industry Top
Location: Khempura, Udaipur/ Rajasthan 313003
Founded in: 1987
Secure Meters is a leading provider of advanced metering solutions and energy management systems. The organisation specialises in creating cutting-edge goods for utilities and industries around the world. Secure Meters has executed significant projects with an emphasis on energy efficiency and sustainability, offering a comprehensive range of smart meters and integrated solutions to optimise energy usage and management.
Pacific Industries
Industry: Construction Material
Company Type: Industry Top
Location: Badla/Udaipur/ Rajasthan- 313001
Founded in: 1989
Pacific Industries is a renowned company in the field of natural stone and mineral products. They are engaged in quarrying, processing, and exporting a wide range of stones, including granite, marble, and sandstone. With a commitment to quality and sustainability, they have undertaken various projects globally, supplying high-quality stone products for construction and decoration purposes.
G R Infraprojects
Industry: Construction, Infrastructure, Coworking
Company Type: India‘s 500-1000
Location: Hiran Magri, Udaipur/ Rajasthan 313002
Founded in: 1995
G R Infraprojects is a leading infrastructure development company in India. It specialises in constructing and maintaining roads, highways, bridges, and other transportation infrastructure. The company has successfully executed major projects across the country, contributing to India’s transportation network.
Fab Events India
Industry: Advertising, Media
Company Type: SMEs
Location: Bedla Road, Fatehpura, Udaipur/ Rajasthan-313002
Founded in: 2013
Fab Events India is a prominent event management company known for crafting exceptional experiences. Its portfolio spans weddings, corporate events and cultural festivals. It excels in comprehensive event planning, design and execution, ensuring each occasion is a remarkable success.
Elixir Technologies
Industry: IT and Technology Services
Company Type: MNC
Location: Sector No.11, Hiran Magri, Udaipur/ Rajasthan-313002
Founded in: 1994
Elixir Technologies is a customer driven Google Adwords Certified company. Located in the city centre of Udaipur (Rajasthan), they have earned a high reputation in the IT sector by serving the industry for about 2 decades. Elixir Technologies has initiated to help business enterprises achieve efficiency and effectiveness by taking them into the e-world, being partners in e-revolution.
Ravindra Heraeus
Industry: Mining and Metals
Company Type: SMEs
Location: Madri Industrial Area, Udaipur/ Rajasthan-313001
Founded in: 1988
In 1952, pioneer Ravindra Choksi laid the foundation in India for industrial use of Platinum and other precious metals. Since then the family owned Company has been in the forefront of innovation, developing technology for application of precious metals in various walks of life. Year 1994 saw the advent of a very successful Indo-German joint-venture with world renowned Heraeus, one of the leading addresses in the Industrial precious and special metals business. Production facilities for manufacturing articles of Platinum Group Metals for Fertilizer, Glass, Petrochemical, Pharmaceutical Industries & Research Institutes have been established at Udaipur in Rajasthan state, India.
Commercial real estate demand in Udaipur
Office space: Udaipur’s commercial real estate demand for office spaces has surged with the expanding corporate landscape. This growth necessitates modern office facilities, fostering new developments and reshaping the city’s business infrastructure.
Rental property: The demand for rental properties in Udaipur has risen significantly. The influx of professionals and entrepreneurs has stimulated the rental market’s expansion, leading to the construction of new residential complexes and catering to a diverse range of renters.
The impact of these trends is a transformation in Udaipur’s real estate landscape. It’s not just about accommodating growing businesses; it’s about creating a dynamic urban environment that attracts both investors and individuals, reflecting the symbiotic relationship between commercial success and real estate dynamics in Udaipur.
How commercial companies and industries have impacted Udaipur?
The influence of commercial companies and industries on Udaipur is unmistakable. They spurred economic growth, generating employment opportunities and attracting a skilled workforce. This influx of professionals has not only elevated local incomes but also catalysed a surge in demand for housing and retail spaces. Udiapur’s transformation into a thriving business hub has not only enhanced its economic stature but also enriched its cultural and social fabric.
FAQs
What industry dominates Udaipur?
Udaipur's primary industry is tourism because of its beauty. It has been dubbed the Venice of Rajasthan and draws tourists from all across India and internationally.
Which Rajasthani city is a Smart City?
Under the Smart Cities Mission, Jaipur, Udaipur, Kota, and Ajmer are the four Rajasthani cities that have been chosen.
Which company is the most successful in Rajasthan?
Hindustan Zinc. The company was established as a Central Public Sector Undertaking by the government to conduct integrated mining of zinc-lead-silver-cadmium.
Where does Udaipur stand among India's smart cities?
With up to 85% of the projects finished, The City of Lakes Udaipur was ranked third on the list of smart cities.
Which companies are the biggest in Udaipur?
Hindustan Zinc Limited G R Infraprojects Limited Wonder Cement Limited
Are there opportunities for startups to thrive in Udaipur?
Udaipur has been fostering a startup ecosystem, with support from organisations like iStart Rajasthan, providing opportunities for startups to thrive in the city.
What does Rajasthan have in abundance?
Rajasthan is the richest state in terms of mineral availability and variety in the country, producing over 57 distinct minerals. Rajasthan is the only state that produces lead and zinc ores, selenite, and wollastonite.
Which is Rajasthan's fastest-growing city?
Bhiwadi, Alwar, and Udaipur have had the highest growth in terms of people and area in recent years.
Is Udaipur a decent place to work?
Udaipur as a whole has seen tremendous growth in recent years, opening up a new universe of work prospects for people all around the country.
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