Top Ranjangaon MIDC companies

Ranjangaon, an industrially vibrant area near Pune in Maharashtra, has emerged as a key player in the region’s economic development. This locale has become a magnet for prestigious multinational corporations, contributing significantly to the area’s economic growth. Particularly noteworthy is the Ranjangaon MIDC (Maharashtra Industrial Development Corporation), one of the largest industrial estates in the state, which has attracted numerous businesses to establish their operations here.

As Ranjangaon continues to expand, there is a growing demand for industrial and commercial spaces, plots and warehouses. Moreover, the city requires additional office spaces, research and development centres, corporate offices and residential properties. This growing need underscores the city’s flourishing real estate sector, poised for continued growth in the years to come. In this article, we will take a closer look at the Ranjangaon MIDC companies and examine their impact on the city’s business landscape and real estate environment.

 

Business landscape in Ranjangaon

Ranjangaon’s business landscape is quite diverse, with a wide range of industries and sectors operating in the city. Some of the prominent sectors include automotive, manufacturing, engineering and technology. These industries have established a strong presence in the region due to factors like Ranjangaon’s strategic location, robust infrastructure and a favourable environment for business growth. In addition to these major sectors, there are various other industries contributing to the city’s economic vibrancy, making it a well-rounded and prosperous commercial centre.

 

Top 10 Ranjangaon MIDC companies

Fiat India Automobiles

Industry: Automobiles

Location: Ranjangaon MIDC, Maharashtra – 412220

Founded in: 1899

Fiat India Automobiles, with its origins dating back to its establishment in 1899, stands as a revered name in the global automobile manufacturing industry. Headquartered in Lingotto, Turin, Piedmont, Italy, this privately owned company boasts a storied history and a legacy of automotive innovation. Fiat India Automobiles is known for its expertise in crafting a diverse range of iconic automobiles, including the Fiat Urban, Fiat Abarth, Fiat Avventura, and Fiat Urban Abarth.

TATA AutoComp Systems

Industry: Automobiles

Location: Ranjangaon MIDC, Maharashtra – 412220

Founded in: 1995

TATA AutoComp Systems, founded in 1995, is a privately owned company headquartered in Pune, Maharashtra, India. As an integral part of the Tata Group, the organisation has garnered acclaim for its steadfast dedication to providing cutting-edge products and services to the automotive industry on both a national and global scale. TATA AutoComp Systems is known for its comprehensive service offerings, which encompass Manufacturing, Global Solutions, Aggregates, JIT/JIS Supplies, and Advanced Technology.

Jabil

Industry: Automotive, Defense & Aerospace

Location: Ranjangaon MIDC, Maharashtra – 412220

Founded in: 1999

Jabil, a prominent manufacturing solutions provider, was founded in 1999 and operates as a publicly owned company. With its headquarters situated in St. Petersburg, Florida, Jabil has established a global presence, spanning across 100 locations in 30 countries. The company caters to a diverse array of industries, including Appliances, Automotive, Defense & Aerospace, Energy, Healthcare, Industrial & Building, Networking, Retail, Telecommunications, and Transportation.

Whirlpool India

Industry: Home appliances

Location: Ranjangaon MIDC, Maharashtra – 412220

Founded in: 1960

Whirlpool India is a well-regarded publicly owned company, with its corporate headquarters situated in Benton Harbor, Michigan. Recognized as a leading brand in the home appliances sector, Whirlpool India offers an extensive range of household products that enhance the daily lives of consumers. The company’s product portfolio includes top-quality appliances such as refrigerators, washing machines, microwaves, air conditioners, and water purifiers.

Jeep India Automobiles

Industry: Automobile

Location: Ranjangaon MIDC, Maharashtra – 412220

Founded in: 1997

Jeep India Automobiles, a privately owned company headquartered in Mumbai, India, is recognized for its exceptional craftsmanship in the automotive industry. The company’s manufacturing facility is located in Ranjangaon, Maharashtra. Jeep India Automobiles specialises in producing premium vehicles that embody the spirit of adventure and performance. Its product lineup includes the renowned Jeep Compass and Jeep Wrangler models.

ITC 

Industry: FMCG, Hotels, Packaging

Location: Ranjangaon MIDC, Maharashtra – 412220

Founded in: 1910

Founded in 1910 and headquartered in Kolkata, West Bengal, ITC is a prominent publicly owned conglomerate with a diverse business portfolio. The company operates in various sectors, including FMCG, Hotels, Packaging, Paperboards & Specialty Papers, and Agri-Business. Over the years, ITC Ltd has solidified its position as a significant player in India’s corporate landscape.

Cummins Generators Technologies

Industry: Agriculture, Commercial power

Location: Ranjangaon MIDC, Maharashtra – 412220

Founded in: 1904

Cummins Generators Technologies, established in 1904 and headquartered in Peterborough, Cambridgeshire, is a globally recognized publicly owned company. With operations spanning across various industries such as Agriculture, Bus, Commercial power, Construction, Home and recreation, Marine, Mining, Municipal services, Oil and gas, Rail, and Trucking, Cummins Generators Technologies has established itself as a reliable provider of power solutions. The company’s extensive product range includes Engines, Generators and Power systems, and Components, offering robust and dependable solutions for diverse applications.

Haier Appliances

Industry: Consumer durables

Location: Ranjangaon MIDC, Maharashtra – 412220

Founded in: 2004

Founded in 2004, Haier Appliances is a privately owned company that has rapidly become one of the world’s leading consumer durables manufacturers. Haier Appliances has gained recognition for its innovative and diverse product lineup, which includes refrigerators, washing machines, TVs, air conditioners, microwave ovens, and water heaters. The company’s customer-centric approach and commitment to innovation have allowed it to establish a strong presence in the competitive consumer electronics and appliances market.

Bajaj Electricals

Industry: Consumer Products

Location: Ranjangaon MIDC, Maharashtra – 412220

Founded in: 1938

Bajaj Electricals, with a founding date of 1938 and corporate headquarters in Mumbai, Maharashtra, is a publicly owned company listed on the NSE and BSE. As part of the prestigious Bajaj Group, the company operates across three primary areas: Consumer Products (comprising Appliances, Fans, and Lighting), Exports, and EPC (Engineering, Procurement, and Construction), covering segments like Illumination, Transmission Towers, and Power Distribution. Bajaj Electricals is a respected player in the electrical and consumer products sectors, delivering high-quality products and engineering solutions.

Schmersal India

Industry: Safety and automation

Location: Ranjangaon MIDC, Maharashtra – 412220

Founded in: 1945

Schmersal India, founded in 1945 and headquartered in Wuppertal, Germany, operates as a privately owned company and is part of the Schmersal Group, with a presence in over 20 countries. The company specialises in providing comprehensive safety and automation solutions, including Safe switching and monitoring, Safe signal processing, Automation technology, Devices for Ex Zones, and Lift switch-gears. Schmersal India plays a vital role in ensuring safety and enhancing efficiency in various industries, contributing to the protection of critical processes and equipment worldwide.

 

Commercial real estate demand in Ranjangaon

Office space

Ranjangaon, situated on Pune’s outskirts, is witnessing a rising demand for office spaces, primarily because of its proximity to Pune’s thriving IT sector. Several factors contribute to this demand, including affordable rental rates compared to other commercial areas in Pune, well-developed infrastructure making commutes convenient, and its strategic location near major markets in Pune and Mumbai.

Rental property

The growing influx of companies into Ranjangaon has breathed new life into the rental property market. Property owners are reaping the benefits of steady demand for commercial spaces, resulting in competitive rental rates and increased property values. This growth is generated by the increasing availability of job opportunities, a limited supply of rental properties, and a growing preference for high-quality rental spaces with modern amenities.

Impact of technology

Several noteworthy projects are currently in progress to meet the escalating demand for office spaces and rental properties in Ranjangaon. These developments encompass the construction of modern office complexes, commercial hubs, and residential communities. These projects not only aim to address the immediate requirements of businesses and residents but also contribute to the area’s long-term growth and urbanisation.

 

Impact of MIDC companies on Ranjangaon

The presence of MIDC companies has significantly reshaped the local real estate dynamics in Ranjangaon. As these companies have established their operations in the region, the demand for both residential and commercial properties has surged noticeably. This heightened demand has translated into increased property values and the rapid development of new residential and commercial complexes. For instance, the arrival of a major automobile plant in the late 1990s led to a substantial need for housing for its employees, prompting the creation of several residential colonies. 

Similarly, the presence of other major companies has catalysed the demand for commercial spaces, fueling the construction of new office buildings, shopping centres, and hotels. This interplay between MIDC companies and the local real estate market has not only benefited the corporations with accessible real estate options but has also stimulated economic growth, job opportunities, and investments in the Ranjangaon region.

 

FAQs

What is MIDC?

MIDC stands for Maharashtra Industrial Development Corporation. It is the primary Investment Promotion agency under the Government of Maharashtra. MIDC plays a pivotal role in providing essential infrastructure for businesses, including land, roads, water supply, drainage facilities, and street lights, facilitating industrial development in the state.

Which companies are located in Ranjangaon MIDC?

Ranjangaon MIDC hosts several prominent companies, including Bajaj Electricals, Fiat India Automobiles, Whirlpool, Cummins Generators Technologies, Jeep India Automobiles, Haier Appliances, and ITC Ltd, among others.

How far is Pune from Ranjangaon?

The distance between Pune and Ranjangaon is approximately 49 kilometres.

Which Ministry approved the electronics manufacturing cluster at Ranjangaon?

The Ministry of Electronics and IT has granted approval for the establishment of the greenfield Electronics Manufacturing Cluster (EMC) in Ranjangaon Phase III, near Pune, Maharashtra. The project has a total cost of Rs 492.85 crores.

Which state will host the Greenfield Electronics Manufacturing Cluster in Ranjangaon?

The Greenfield Electronics Manufacturing Cluster in Ranjangaon will be hosted by the state of Maharashtra. It is part of the Ministry of Electronics and IT's efforts to bolster the electronics manufacturing ecosystem in India.

How does MIDC acquire land?

Land acquisition by MIDC typically involves the transfer of land for industrial purposes. If the land falls within a scheduled area, the State Government consults with the Gram Sabha and Panchayat concerned before proceeding with the acquisition.

Is Ranjangaon a good place to live?

Ranjangaon offers a favourable environment for work, with convenient transportation options and a reputation for safety. The presence of MIDC provides ample employment opportunities, making it a viable place to live and work.

What is the average salary in Ranjangaon?

The average salary in Ranjangaon varies depending on the company and job role. For instance, the average salary ranges from approximately ₹5,98,109 per year for a Senior Engineer to ₹22,90,000 per year for a Project Manager.

What is the salary of a fresher in Ranjangaon?

The salary of a fresher in Ranjangaon can vary based on their level of experience. On average, a fresher in Ranjangaon with less than 1 year of experience to 3 years can expect an annual salary ranging from ₹0.2 Lakhs to ₹4.5 Lakhs, with an average annual salary of ₹2.0 Lakhs.

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