In recent years, Surat, also known as the Silk City and Diamond City, has experienced remarkable economic growth, with a thriving corporate industry comprising diverse industries. This city’s industrial prowess isn’t just shaping its economy; it’s also leaving a significant impact on the local real estate market. As multinational companies (MNCs) establish their presence here, the demand for office spaces, commercial properties and residential real estate has surged. This makes Surat’s real estate sector a key player in its evolving economic journey.
Business landscape in Surat
Surat boasts a dynamic business landscape with a strong presence across various industries. Its strategic location, well-established textile and diamond sectors and vibrant trade activities have cemented its role as a prominent player in Gujarat’s economy. Notably, the city excels in petroleum, oil and gas, serving as a key player in India’s energy production. It also plays a pivotal role in the construction material industry and supplying exquisite gems, jewellery and watches globally. It has a growing presence in pharmaceuticals and labs and offers a diverse retail sector, making it a shopping destination for residents and tourists.
List of top MNCs in Surat
Larsen & Toubro
- Industry: Engineering and Construction
- Company Type: Publicly traded
- Location: PO Bhata, Surat 394 510, Gujarat, India
- Founded in:1938
Larsen & Toubro is one of the leading multinational corporations originating from India and has globally established its presence in various countries. The company’s expertise lies in engineering, construction and a wide range of infrastructure projects. It provides various solutions in various sectors, such as construction, power and more.
Reliance Industries
- Industry: Diversified
- Company Type: Publicly Traded
- Location: Room No 9, Construction Block, Hazira Road, Surat, Surat – 395009
- Founded in: 1966
Reliance Industries is one of the most diverse conglomerates in India with various subsidiaries such as Reliance Retail, Reliance Jio, Reliance Foundation, etc. It has a strong presence in the sectors of energy, petrochemicals, telecommunications and retail. Not only has it helped in the economic growth of Surat, but has also led to significant contributions to the overall economic and industrial growth of the country.
ArcelorMittal Nippon Steel
- Industry: Steel
- Company Type: Joint Venture
- Location: 27th KM, Hazira Rd, Surat, Gujarat 394270
- Founded in: 2020
ArcelorMittal Nippon Steel is a major figure in the global steel industry. It was formed through a joint venture between two major successful companies, ArcelorMittal and Nippon Steel. Since the joint venture consists of a partnership between two tycoons in the steel business, ArcelorMittal Nippon Steel has quickly risen to success.
Navin Fluorine International
- Industry: Chemicals
- Company Type: Publicly Traded
- Location: 4VP2+RJW, Udhana, Surat – Navsari Red, Bhestan, Surat, Gujarat 395023
- Founded in: 1967
Navin is yet another renowned MNC established in Surat that has established its presence through its expertise in the chemicals industry. The company provides unique and sustainable chemical solutions. In addition to that, the company specialises in fluorinated and inorganic chemicals and offers its services to many different sectors such as pharmaceuticals, agrochemicals, etc.
Torrent Power
- Industry: Utilities
- Company Type: Publicly Traded
- Location: Torrent House, Station Road, Surat-395003 (Gujarat)
- Founded in: 2004
Torrent Power is a leading player in the power generation and distribution sector in not only Surat but the whole of India. It has set up its branches in multiple states of India, and thus it provides electricity to millions of Indians. The company has gained the trust of the people through its commitment towards the quality of its products.
Colourtex
- Industry: Textiles
- Company Type: Private
- Location: Plot No 158/3. Survey No 80,. G.I.D.C. Pandesara. Surat – 394 221
- Founded in: 1988
Colourtex is a famous private textile manufacturing company based in Surat. The company specialises in the production of a plethora of textiles which includes fabrics and yarns. It caters their services to various industries, such as home furnishings, outfits, etc. The company has established itself as a reliable supplier through its good quality products.
Forbes Marshall
- Industry: Engineering
- Company Type: MNC
- Location: Nr. Rekha Park, Adajan, Surat, Gujarat 395009
- Founded in: 1926
Forbes Marshall is a leading multinational engineering company specialising in steam engineering and control instrumentation. With a focus on process efficiency and energy conservation, the company has established itself as a trusted partner across various industries. Forbes Marshall’s global presence, technical expertise and commitment to sustainability make it an invaluable resource for businesses seeking to optimise their operations.
Jointas Chemical Co
- Industry: Chemical
- Company Type: MNC
- Location: Adajan Road, Surat, Gujarat – 395009
- Founded in: 1989
Guangzhou Jointas Chemical Co., founded in 1989, is a national high-tech enterprise specialising in sealants and coatings. The company has earned recognition for its quality products in various industries, including:
- Construction
- Electronics
- Automotive
- Shipbuilding
With an emphasis on research and development, Jointas Chemical has achieved remarkable success and continues to innovate in the field of sealant technology.
Karl Mayer India
- Industry: Garment, Textile
- Company Type: MNC
- Location: Ichchhapore, Surat, Gujarat – 394510
- Founded in: 1937
KARL MAYER is a global leader in textile machinery manufacturing, specialising in warp knitting and flat knitting technologies, technical textiles and digitalisation. With a history dating back to 1937, the company is dedicated to providing innovative solutions to the textile industry. KARL MAYER’s international presence and commitment to excellence make it a reliable partner for businesses in the textile sector.
Terra.do
- Industry: Environment, Cleantech, Recycling, Waste Management
- Company Type: MNC
- Location: Montessa, Dumas Road, Surat India 395007
- Founded in: 2020
Terra.do is an innovative platform that empowers individuals to transition into climate-related careers. Through an online bootcamp and exposure to climate-related work opportunities, Terra.do empowers professionals to make a positive impact on the environment. With the goal of helping 100 million people work in climate-related roles by 2030, Terra.do is playing a crucial role in addressing climate challenges worldwide.
Unipro Technocrats
- Industry: Engineering
- Company Type: MNC
- Location: Laldarwaja, Surat, Gujarat – 394210
- Founded in: 2007
Unipro Technocrats is a leading player in the diamond industry, providing solutions for laser technology integration, personnel training, maintenance, and more. With a focus on excellence and customer service, the company has grown since its establishment in 2007. Unipro Technocrats has been a valuable partner to the diamond industry, offering advanced equipment and expertise.
Walson Woodburn Wire Die
- Industry: Gems, Jewellery, Watches
- Company Type: MNC
- Location: Old GIDC, Patel Nagar, Surat, Gujarat 395008
- Founded in: 1957
Woodburn Diamond Die, Inc., now part of Walson Woodburn Wire Die Pvt Ltd, is a renowned manufacturer and supplier of wire drawing dies. With ISO 9001:2008 certification, the company offers a comprehensive range of wire drawing dies and related services, including:
- Single-crystal diamond dies,
- Tungsten carbide dies, and more.
With a presence in the USA, Mexico, and Asia, Walson Woodburn Wire Die serves clients globally with a commitment to quality and innovation.
Commercial real estate demand in Surat
Office space: MNCs like Bureau Veritas India and Concept Medical Research require extensive office spaces, contributing to the growth of commercial real estate in Surat. This shift is giving rise to modern office complexes and vibrant business hubs. It caters not only to the specific requirements of these companies but also invigorates adjacent areas.
Rental property: The presence of MNCs in Surat has significantly impacted the rental property market, providing opportunities for property owners and developers. This influence has led to competitive rental rates and increased property values, presenting an attractive and profitable opportunity for investors.
The influence of MNCs in Surat extends to the creation of mixed-use complexes seamlessly blending residential, commercial and retail spaces. This holistic approach not only addresses the needs of MNC firms but also nurtures the development of self-sustaining bubs throughout Surat, leaving a lasting impact on the city’s economy.
Impact of MNC companies in Surat
Surat’s growth as a business and industrial hub owes much to the presence of these diverse multinational companies. Their presence has boosted employment opportunities, attracting a skilled workforce to the city. These companies have also infused capital into the region, spurring economic growth and development. Additionally, MNCs have introduced advanced technologies and global business practices, enhancing productivity and competitiveness in Surat’s industries. Overall, the influence of MNCs in Surat has contributed to the city’s transformation into a thriving economic hub with increased global connectivity and opportunities.
FAQs
Can you name some top multinational companies (MNCs) in Surat and their industries?
Notable MNCs in Surat include Aneri Construction (Construction), Bureau Veritas India (Consulting), and Forbes Marshall (Engineering), among others.
What are some of the key industries served by MNCs in Surat?
MNCs in Surat operate in various sectors, including— ● Petroleum, ● Textiles, ● Diamonds, ● Construction materials, ● Pharmaceuticals, ● Engineering, ● Consulting, among others.
What sectors do MNCs in Surat operate in?
MNCs in Surat operate across diverse sectors, including construction, hospitality, gems and jewellery, and engineering.
Which MNC in Surat specialises in climate-related career transitions?
Terra.do empower individuals to transition into climate-related careers and address climate challenges worldwide.
Can you name a Surat-based MNC known for its eco-friendly clothing?
French Crown offers eco-friendly clothing for both men and women, accessible to customers in over 90 countries.
Which MNC is a global leader in textile machinery manufacturing and digitalisation?
Karl Mayer is a global leader in textile machinery manufacturing, including warp knitting, flat knitting, and digitalisation technologies.
How do MNCs contribute to Surat's economy and employment opportunities?
MNCs in Surat boost the local economy, provide job opportunities, and infuse capital into the region.
| 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 |
