Top 10 MNCs in Indore

Indore has become a thriving business hub for multinational corporations (MNCs) over the past few years. Factors like its strategic location, robust infrastructure and skilled workforce have attracted many industry giants to come and expand their businesses in the city. Progressive government, ease of doing business, and thriving ecosystem make Indore an even better match for MNC companies.

The influx of MNC companies in Indore has increased demand for commercial spaces and corporate hubs. With the demand for real estate skyrocketing, developers took it upon themselves to construct modern complexes, providing the real estate sector in Indore a flourishing boost, and this interdependence continues to fuel Indore’s economic prosperity. Here’s a list of MNCs that make the most name in the competitive corporate landscape of Indore.

 

Business landscape in Indore 

Indore has a colorful corporate landscape with various industries and sectors prospering in the region. Manufacturing, especially automobile and textile, plays an upper hand in the city’s industrial landscape and is assisted by its robust agriculture and agri-processing sector. At the same time, Indore’s pharmaceutical and IT industries have also been growing rapidly. Moreover, the city’s trade and commerce, education and healthcare have also been doing very well. All of this makes Indore a top choice for all kinds of businesses.

 

List of top MNCs in Indore 

Teleperformance

Industry: Business Process Outsourcing 

Sub-industry: Customer Experience Management 

Location: Red Square Building, AB Road, Vijay Nagar, Indore – 452010 

Founded in: June, 1978

Headquartered in Paris, France, Teleperformance is prominently known for its services for debt collection, telemarketing, customer relationship management, content moderation, and communications. Operating in over 91 countries, the group has nearly 1,200 clients worldwide. 

Amazon 

Industry: E-commerce and Technology

Sub-industry: Online Retail

Location: Sch No.54, Pu-3 Commercial, 203, Princes Business Skypark, Ab Rd, Opposite Orbit Mall, Pin Code 452001, Indore

Founding date: July, 1994

Amazon has imprinted itself in almost more than 80% of the population as the world’s largest online retailer. The MNC company provides a vast array of products and services, including Amazon Prime, Amazon Web Services, and Amazon Fresh. 

TaskUs

Industry: Business Process Outsourcing

Sub-industry: Customer Support and Back-office Services 

Location: 6th Floor, C21 Business park, opp. Radisson Hotel, Indore, Madhya Pradesh 452010

Founded in 2008

TaskUs is an outsourcing company that works in customer service and content moderation. It also provides many other services, including consulting, content security, and AI operations. It services renowned companies like Facebook, Doordash, Coinbase, Netflix, Zoom, Whisper, Tinder, AutoDesh, and Uber. 

Accenture

Industry: Management Consulting and Technology Services

Sub-industry: Consulting and IT Services

Location: Vijay Nagar, Indore, Madhya Pradesh 

Founded in: 1989

Accenture is the top choice for many companies regarding consulting and technology services. It helps its clients from various industries digitally transform, develop strategies, and implement technology. Adobe, Amazon Web Services, Dell, Google, Microsoft, Oracle and Salesforce come under its top clients. 

Google

Industry: Technology and Internet Services 

Sub-industry: Search Engine and Online Advertising 

Location: Indore, Madhya Pradesh- 452008

Founded in: Sep 4, 1998

Google is known worldwide as a tech giant and search engine that provides online advertising and cloud services. It brings all types of information that users seek to their fingertips and collaborates with businesses with the help of its advertising campaigns and cloud computing solutions. 

ABC 

Industry: Mass Media and Entertainment 

Sub-industry: Television and Broadcasting 

Location: 226 Transport Nagar, Indore Gpo, Indore – 452001

Founding date: 1943

The American Broadcasting Company is a well-known American commercial broadcast television network and a subsidiary of the Walt Disney Company. The American Broadcasting Company is also the youngest of the “Big Three” US television networks. It has a vast viewership, offering popular shows, news coverage, and sports events to US audiences and other countries. 

Microsoft 

Industry: Technology and Software

Sub-industry: Software Development and Cloud Services

Location: Room No 108, 1st Floor, Fortune Landmark Hotel, Vijay Nagar, Indore – 452010

Founded in: April 4, 1975 

Microsoft is a renowned technology company famous for its operating systems, software applications like Microsoft Office and Windows, and cloud services like Azure. The company provides services to businesses and individuals alike all over the world. Its creations have not only helped businesses greatly but the general public as well. 

Cummins

Industry: Manufacturing 

Sub-industry: Diesel Engines and Power Solutions

Location: 204, Silver Ark Plaza, Janjeerwala Square, Indore – 452002

Founding date: 1919

Cummins is an American multinational corporation renowned for designing, manufacturing, and distributing engines, filtration, and power generation products. Other services it also provides include fuel systems, controls, air handling, filtration, emission control, etc. Cummins has a vast business network, selling in over 190 countries.

Apple 

Industry: Technology and Consumer Electronics

Sub-industry: Consumer Electronics and Software

Location: UNIT# F 1 TO F11, 1ST FLOOR, Indore, Madhya Pradesh – 452010

Founded in: 1 April, 1976

Being the world’s most extensive revenue and market capitalization technology, it isn’t surprising that Apple has made its way to this list. It is an iconic technology company known for its electronics like iPhone, iPad, and Mac computers. The company also provides software and services, for example, Apple Store and Apple Music. 

TCS 

Industry: Information Technology and Services

Sub-industry: IT Consulting and Software Services

Location: Super Corridor Rd, Tigaria Badshah, Indore, Madhya Pradesh 452005

Founded in: 1 April, 1968

TCS is one of the leading figures in terms of IT services and consulting companies. It offers various services like software development, consulting, and business process outsourcing. Some of the company’s top clients are General Electric, Morgan Stanley, SBI, UBC, Jaguar Land Rover, Vodafone India, etc. 

 

Commercial real estate demand in Indore 

Office Spaces: MNC Companies have had a large hand in driving the demand for office spaces in Indore. These companies usually require modern, well-equipped offices to continue their operations.  Apart from common commercial office spaces, there has also been a surge in the construction of IT parks and corporate complexes. This has not only improved the city’s infrastructure, but it has also led to more immense opportunities for local businesses and construction industries. 

Rental Properties: MNCs in Indore have had an instrumental impact on the rental property market. With the influx of more workforce in the city, the demand for residential properties has heightened, particularly in the areas near the corporate hubs.

Thus, there has been a significant uptick in demand for commercial real estate in Indore due to MNC companies. This movement benefits not only the residents and real estate dealers but also the MNC companies. 

 

Impact of MNCs on Indore 

The presence of Multinational Corporations (MNCs) in Indore has brought about significant changes and developments in various aspects of the city’s economy and society.

• Economic Growth: MNCs have played a crucial role in stimulating economic growth in Indore. Their investments have led to job creation, increased industrial output, and enhanced infrastructure development. This influx of capital has contributed to the city’s overall prosperity and raised the standard of living for many residents.

• Employment Opportunities: The establishment of MNCs has provided numerous employment opportunities for the local workforce. These companies often seek skilled professionals across various sectors, leading to a rise in job opportunities and reducing unemployment rates. Additionally, MNCs offer competitive salaries and benefits, attracting talent from both within the city and beyond.

• Technological Advancements: MNCs bring with them advanced technologies, best practices, and innovative solutions. Through knowledge transfer and skill development programmes, they contribute to the upskilling of the local workforce. This exposure to cutting-edge technologies not only enhances the capabilities of individuals but also fosters a culture of innovation and entrepreneurship within the community.

• Infrastructure Development: The presence of MNCs often necessitates infrastructural improvements in areas such as transportation, utilities, and urban amenities. To support their operations, local authorities may invest in upgrading roads, utilities and public services, benefiting not only the MNCs but also the broader populace. Improved infrastructure enhances the city’s attractiveness as a destination for further investment and business expansion.

 

FAQs

What is the biggest company in Indore?

TCS, Teleperformance, Amazon, TaskUs, etc., are some of the biggest companies in Indore.

What other MNCs are in Indore?

Other MNCs in Indore are Wipro Infotech, Kirloskar Brothers, Varroc Group, etc.

Which is the wealthiest area in Indore?

Nipania is the wealthiest area in Indore.

Which are the Big Five MNCs in India?

IBM, Citibank, Coca Cola, Google, and Amazon are the big five MNCs in India.

Is Accenture coming to Indore?

Accenture has already set up an office in Indore in 2022.

Is Indore the next IT hub?

Indore has all the ingredients to become India's next IT hub.

Which industry is famous in Indore?

The textile industry is famous in Indore.

Is Indore a costly city?

No, as the average cost of living in Indore is $348, which is in the top 3% of the least expensive cities in the world.

Why is Indore called ‘Mini Mumbai’?

The similarities between the cosmopolitan air in the two cities, food habits, and geographical proximity are some qualities that the two cities share. Due to the sheer similarity between the two, Indore is called ‘Mini Mumbai’.

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