Gwalior has experienced significant development, offering numerous business opportunities and a modern urban lifestyle. It’s a place where you can enjoy a comfortable and luxurious lifestyle while also having access to promising business prospects and opportunities for industrial growth. Gwalior has attracted attention from top industrialists and corporate giants, both nationally and internationally.
As Gwalior continues to grow, both in terms of business opportunities and its population, it’s keeping pace with rapid industrialisation and urban development. This rapid transformation is also driving substantial growth in the city’s real estate sector, creating new avenues for property investments.
In this article, we will take a look at the top companies that have established themselves in Gwalior.
See also: Places to visit when in Gwalior
Business landscape in Gwalior
Gwalior’s business landscape is characterised by a diverse range of industries, including textiles, food processing, engineering, pharmaceuticals and tourism, while also hosting sectors such as chemicals, plastics, rubber and electronics. The city boasts a strong textile sector with numerous mills and garment factories, a growing food processing industry, and a notable presence in engineering, particularly in the automobile domain. Additionally, Gwalior’s pharmaceutical sector is a significant contributor to its economy, with a focus on international exports, while the city’s tourism sector thrives due to its historical sites and vibrant festivals. Gwalior’s business-friendly environment, featuring solid infrastructure, excellent connectivity, a skilled workforce and government support, positions it as an appealing destination for businesses of various scales.
Read also: Top private sector companies in India
Top companies in Gwalior
JK Tyres
Industry: Tyres
Company type: Manufacturing
Location: Shinde Ki Chhawani, Gwalior, Madhya Pradesh – 474001
Founded in: 1951
JK Tyres is a renowned tyre manufacturer based in India and is part of the JK Organisation. It specialises in producing a wide range of tires for various vehicles, including cars, buses, and trucks, offering both regular and tubeless variants. Notably, JK Tyres has gained recognition not only in India but also in 100 countries globally. With a production capacity of approximately 35 million tires annually, the company operates 12 major manufacturing facilities.
Reliance Retail
Industry: Electronics, groceries
Company type: Retail
Location: Tulsi Vihar Colony, Gwalior, Madhya Pradesh – 474002
Founded in: 2006
Since its establishment in 2006, Reliance Retail has emerged as India’s largest and most successful retailer. The company is known for providing a diverse range of products, from electronics to groceries, using various channels, including physical stores and online platforms. Boasting an extensive network of over 15,000 stores across 7,000+ cities in India, Reliance Retail is committed to enhancing the shopping experience through advanced technology and strong partnerships with leading brands.
Supreme Industries
Industry: Plastic
Company type: Manufacturing
Location: City Center, Gwalior, Madhya Pradesh – 474001
Founded in: 1942
Supreme Industries, a prominent player in India’s plastic industry since 1942, holds the distinction of being the largest plastic processing company in the country. The company operates 25 state-of-the-art manufacturing facilities equipped with cutting-edge technology, producing a wide array of plastic products, including furniture and packaging materials. Supreme Industries is recognised for pioneering innovative plastic products such as cross-laminated films, HMHD films, multilayer films, SWR piping systems, and more. Its commitment to research and development drives its leadership in the industry.
Tropilite Foods
Industry: Research and development
Company type: Food processing
Location: Industrial Estate, Gwalior, Madhya Pradesh – 474002
Founded in: 1982
Tropilite Foods, formerly known as ‘Davars MP Organics,’ is a well-established name in the food processing industry since its inception in 1982. The company specialises in research and development for food and industrial-grade additives. Tropilite Foods operates state-of-the-art laboratories to analyse and ensure the quality of its ingredients. Every product undergoes thorough scrutiny and approval by a specialised group before being made available to consumers, emphasising its commitment to quality.
Bharti Airtel
Industry: Telecom
Company type: Private
Location: City Center, Gwalior, Madhya Pradesh – 474002
Founded in: 1995
Bharti Airtel, a prominent telecom company that originated in India and expanded its operations to numerous countries in Asia and Africa, excels in providing telecommunications services, including mobile phones and internet connectivity. In India, Bharti Airtel offers a comprehensive range of services, encompassing voice calls, data, TV and more. With an extensive presence of over 15,000 stores in more than 7,000 cities, Bharti Airtel serves an impressive customer base of 496.91 million users, leveraging technology to enhance services and connectivity for its customers.
HDFC Bank
Industry: Finance, stock broking, insurance
Company type: Banking
Location: City Centre, Gwalior, Madhya Pradesh – 474011
Founded in: 1994
HDFC Bank, with its registered headquarters in Mumbai, started its financial operations as a Scheduled Commercial Bank in 1995. Notably, on April 4, 2022, a significant merger was announced, bringing together India’s largest Housing Finance Company, HDFC Limited, and the nation’s largest private sector bank, HDFC Bank. HDFC Limited, with over 45 years of experience, has established itself as a leader in the housing finance industry, offering a comprehensive range of products.
HDB Financial Services
Industry: Personal loan, Business loan, Gold Loan
Company type: Non-Banking Financial
Location: City Center, Gwalior, Madhya Pradesh – 474001
Founded in: 2007
HDB Financial Services (HDBFS) is a leading Non-Banking Financial Company serving both individual and business clients. It was incorporated in 2007 and holds high credit ratings, including CARE AAA & CRISIL AAA for long-term debt. HDBFS focuses on ethical conduct, delivering innovative products, and aspires to be India’s most admired NBFC. It is recognised for its financial strength and reliability.
Surya Roshni
Industry: Home Appliances
Company type: Manufacturing
Location: R J Puram, Gwalior, Madhya Pradesh – 474005
Founded in: 1973
Surya Roshni is a renowned Indian manufacturer. It exports products to over 50 countries and is known for innovation in fans, LED lights, steel pipes, home appliances, and more. Its lighting division, initiated in 1984, is a leader in LED lighting technology, emphasising energy efficiency and durability.
BYJU’S
Industry: Online schooling
Company Type: Ed-tech
Location: Acharan Tower, Gwalior, Madhya Pradesh – 474011
Founding date: 2011
BYJU’S is an ed-tech company, offering personalised learning programs for classes 1 – 12 and competitive exams. It has 150 million registered students and 6.5 million paid subscriptions, making it a global education platform. It’s recognised for its effective online schooling facilities.
Shriram Transport Finance
Industry: Commercial, passenger vehicle loans
Company type: Non-Banking Financial
Location: City Centre, Gwalior, Madhya Pradesh – 474002
Founded in: 1979
Shriram Transport Finance is a prominent Non-Banking Financial Company (NBFC) that provides commercial vehicle loans, passenger vehicle loans, fixed and recurring deposits, insurance, business loans, and working capital loans. Established in 1979, it plays a significant role in truck financing and is known for its commitment to customer understanding and service. It’s a part of the well-established “SHRIRAM” conglomerate with a strong presence in various financial services sectors.
Commercial real estate demand in Gwalior
Office space
Gwalior is witnessing a remarkable surge in demand for office space as companies are enticed by the city’s cost-effective land options, skilled workforce, and strategic location. Notably, prime areas such as the city centre and Lashkar are at the forefront of this demand, leading to the proliferation of new office complexes and business parks to accommodate the burgeoning corporate presence.
Rental property
The influx of companies into Gwalior has breathed new life into the rental property market. Professionals and families are actively seeking rental accommodations in close proximity to their workplaces and educational institutions. This sustained demand for commercial spaces has given rise to competitive rental rates and a notable increase in property values.
Impact
The growing demand for commercial real estate is leaving a positive imprint on the Gwalior economy. Developers are increasingly embracing mixed-use development concepts that seamlessly integrate residential, commercial, and retail spaces. An excellent illustration of this trend is the Lohamandi Kabadi Market, a versatile mixed-use complex set to feature a shopping mall, office spaces, and residential apartments.
Impact of companies on Gwalior
Companies have undeniably played a pivotal role in reshaping Gwalior’s real estate landscape and fueling demand. As businesses establish their presence in the city, they not only bring employment opportunities but also create a ripple effect in the housing sector. Many employees seek accommodation in proximity to their workplaces, thereby increasing the demand for residential properties in the vicinity. This surge in demand naturally leads to an escalation in property prices, making real estate in these areas a lucrative investment. Moreover, companies like JK Tyre, by their very presence, attract ancillary businesses and services, further bolstering the demand for commercial real estate. The development of industrial parks and corporate zones also contributes to the transformation of Gwalior’s urban fabric, encouraging new construction projects and infrastructure improvements.
FAQs
What industries and manufacturing sectors are present in Gwalior?
Gwalior hosts various industries, including consumer electronics, industrial supplies, packaging & paper, construction & real estate, health & beauty, office & school supplies, business services, and the automobile sector.
Is Gwalior considered an expensive city for real estate?
The average property price in Gwalior stands at Rs 3,074 per sqft, with the highest-priced property listed at Rs 60,000 per sqft.
Which neighbourhoods in Gwalior are recommended for residential living?
Highly recommended residential areas in Gwalior include City Center, Thatipur, DD Nagar, Morar and Lashkar.
Is Gwalior a desirable place for permanent residence?
Gwalior ranks 7,967 globally and 147 in India among the best places to live, with the city being the 6 most liveable in Madhya Pradesh, boasting a population of approximately 1.07 million.
What is the Gwalior district renowned for?
Gwalior is renowned for its captivating historic palaces, ancient temples, majestic mediaeval fort and as the birthplace of the legendary musician, Tansen.
Which local areas are popular for renting properties in Gwalior?
For renting properties in Gwalior, popular localities include Anand Nagar, City Center and Lashkar.
What kinds of commercial real estate opportunities are available for investment in Gwalior?
Various commercial property investment opportunities exist in Gwalior, such as tourist accommodations, food parks, industrial units and office spaces.
Which areas in Gwalior are considered suitable for investing in commercial real estate?
If you're considering commercial real estate investments, Padav and Purani Chhawani are among the most promising areas in Gwalior to explore.
| 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 |
Saswat Kumar, a real estate writer, keeps up with the latest trends in residential real estate. He simplifies complex real estate jargon, making it accessible to all. Saswat’s data-driven analysis empowers buyers and investors to make informed choices in the housing market.
