Gurgaon, often referred to as the Millennium City, stands as a thriving business hub with a diverse range of companies and industries. The strategic location, coupled with a professional workforce, has attracted numerous multinational corporations to set up their operations here. This surge in corporate presence has not only bolstered the economy but also significantly impacted the real estate market. This article delves into how the corporate landscape in Gurgaon has influenced the demand for commercial and residential properties.
See also: Global City Gurgaon
Business landscape in Gurgaon
Gurgaon boasts a diverse business landscape, with a predominant focus on information technology, financial services, and consulting sectors. The city is home to a multitude of multinational corporations, making it a crucial player in the national and global business arena. Additionally, Gurgaon’s real estate market is intricately linked with the corporate sector, as it caters to the growing demand for office spaces, research and development centres, and corporate offices.
List of top MNC Companies in Gurgaon
Wipro
Industry: Information Technology
Company Type: Public Limited
Location: Sector 15, Gurgaon, Haryana – 122022
Founded in: 1945
Wipro, established in 1945, stands as a pioneer in the global information technology industry. With an extensive portfolio of services encompassing software development, cloud solutions, cybersecurity, and more, Wipro has solidified its position as a reliable partner for businesses worldwide.
Accenture
Industry: Professional Services
Company Type: Public Limited
Location: Cyber City, Gurgaon, Haryana – 122002
Founded in: 1989
Accenture, a prominent player in professional services, has been a stalwart in the industry since 1989. With its headquarters in Cyber City, Gurgaon, Haryana, Accenture offers a wide spectrum of services including strategy, consulting, digital, technology and operations. The company’s profound impact on various industries makes it a cornerstone of Gurgaon’s dynamic business landscape.
Infosys
Industry: Information Technology
Company Type: Public Limited
Location: Sector 21, Gurgaon, Haryana – 122001
Founded in: 1981
Infosys, a global leader in information technology, was founded in 1981. Located in Sector 21, Gurgaon, Haryana, Infosys has been instrumental in driving digital transformation for clients in more than 50 countries. The company’s legacy of innovation and excellence underscores its significance in Gurgaon’s vibrant business ecosystem.
Industry: Technology
Company Type: Public Limited
Location: Sector 15, Gurgaon, Haryana – 122001
Founded in: 1998
Google, a technological juggernaut founded in 1998, has made its mark in Gurgaon’s landscape. Renowned for its search engine, online advertising technologies, and cloud computing, Google’s presence solidifies Gurgaon’s stature as a hub for technological innovation.
HCL Technologies
Industry: Information Technology
Company Type: Public Limited
Location: Sector 62, Gurgaon, Haryana – 122002
Founded in: 1976
HCL Technologies, established in 1976, stands as a global IT services and consulting powerhouse. HCL Technologies specialises in application development, business process outsourcing, and infrastructure services, contributing significantly to the city’s business landscape.
Cognizant
Industry: Information Technology
Company Type: Public Limited
Location: DLF Cyber City, Gurgaon, Haryana – 122002
Founded in: 1994
Cognizant, an American multinational corporation, has been a key player in the IT services industry since 1994. Cognizant’s services encompass digital, technology, consulting, and operations. Its contributions to various sectors make it an integral part of Gurgaon’s thriving business environment.
Oracle
Industry: Technology
Company Type: Public Limited
Location: DLF Cyber City, Gurgaon, Haryana – 122002
Founded in: 1977
Oracle, a global computer technology company founded in 1977, holds a pivotal position in Gurgaon’s business landscape. Oracle is renowned for its software, cloud solutions, and hardware products. The company’s innovative solutions resonate with Gurgaon’s reputation as a technological powerhouse.
Ernst and Young
Industry: Professional Services
Company Type: Private Limited
Location: DLF Cyber City, Gurgaon, Haryana – 122002
Founded in: 1989
Ernst and Young (EY), a multinational professional services firm, has been a cornerstone of the industry since 1989. Situated in DLF Cyber City, Gurgaon, Haryana, EY’s services in assurance, advisory, tax, and transactions have had a profound impact on Gurgaon’s corporate landscape. Its contributions to various sectors underscore the city’s strategic importance.
American Express
Industry: Financial Services
Company Type: Public Limited
Location: Cyber City, Gurgaon, Haryana – 122002
Founded in: 1850
American Express, with a legacy dating back to 1850, has established itself as a global leader in financial services. Its presence in Cyber City, Gurgaon, Haryana, highlights the city’s significance as a financial hub. American Express’s range of payment cards, travel services, and financial products resonate with Gurgaon’s reputation as a thriving business centre.
Genpact
Industry: Professional Services
Company Type: Public Limited
Location: DLF Cyber City, Gurgaon, Haryana – 122002
Founded in: 1997
Genpact, a global professional services firm founded in 1997, has been instrumental in driving business transformation. Genpact’s digital-led innovation and intelligent operations have left an indelible mark on Gurgaon’s vibrant business ecosystem.
Dell
Industry: Technology
Company Type: Public Limited
Location: DLF Cyber City, Gurgaon, Haryana – 122002
Founded in: 1984
Dell Technologies, a multinational technology company founded in 1984, holds a significant position in Gurgaon’s technological landscape. Its location in DLF Cyber City, Gurgaon, Haryana, underscores the city’s prominence as a hub for technology-driven enterprises. Dell’s wide range of products and services have contributed to Gurgaon’s reputation as a technological powerhouse.
Samsung
Industry: Technology
Company Type: Private
Location: DLF Cyber City, Gurgaon, Haryana – 122002
Founded in: 1938
Samsung, a global technology leader with roots dating back to 1938, has established itself as a force to be reckoned with. Its presence in DLF Cyber City, Gurgaon, Haryana, signifies the city’s importance as a hub for technology and innovation. Samsung’s diverse range of products, including smartphones, TVs, home appliances, and semiconductor chips, resonate with Gurgaon’s reputation as a technological powerhouse.
Commercial real estate demand in Gurgaon
The presence of these MNCs in Gurgaon has resulted in a significant surge in demand for commercial real estate. Corporations require extensive office spaces to accommodate their growing workforces, leading to the development of numerous business parks and office complexes across the city. This development has not only enriched the suburban areas but also spurred the growth of peripheral regions.
Impact on the real estate market
The influx of MNCs has not only elevated the demand for commercial properties but has also had a profound impact on the residential real estate market. Developers are now focusing on mixed-use developments that seamlessly blend residential, commercial, and retail spaces. This trend caters to the needs of both professionals working in these corporations and local residents, resulting in the creation of vibrant, self-sustaining neighbourhoods.
FAQs
How many companies are headquartered in Gurgaon?
There are around 23,500 companies headquartered in Gurgaon.
Which MNCs are in Gurgaon?
MNCs like Accenture, Wipro, Dell and Cognizant are in Gurgaon.
Is Gurgaon an IT hub?
Gurgaon is India's second-largest technology hub and has been recognised among the top five Asian IT and innovation hubs.
Is joining an MNC good?
Joining an MNC can offer exposure to global practices and opportunities for career growth, making it a beneficial career move for many.
Which is the safest sector in Gurgaon?
DLF City Phase 2 is rated as the safest locality by residents in Gurgaon.
What is the basic salary in MNC?
Freshers' salary in MNCs in India ranges between Rs 1.8 Lakh to Rs 5 Lakh, with an average annual salary of Rs 2.3 Lakh per annum.
What qualification is required for MNC?
You should have a minimum percentage of 60% or greater throughout the career- 10, +2, graduation and post-graduation without backlogs or arrears to be eligible for the placements in MNC companies in India.
What type of city is Gurgaon?
Gurgaon is a district that is one of Delhi's major satellite cities and is part of the National Capital Region.
Is Gurgaon a good place for a job?
Graduates of Delhi/NCR and other states of India consider Gurugram as one of the most favourable locations to get a job with a good salary package.
What are the advantages of living in Gurgaon?
Gurgaon is the home to Fortune 500 companies that offer a plethora of job opportunities. Additionally, the city boasts of high infrastructural development, making it a befitting destination for all age groups.
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