Mohali, the 18th district of Punjab is thriving as a business hub.The district’s location in northwest India is a prominent factor in its success as a business hub as well as its flourishing sectors such as IT, pharmaceuticals, education and startups. Businesses and investors are enticed to tap into North India’s economic portal because of Mohali’s developed infrastructure, skilled workforce and government support.
This corporate growth in the city fuels the demand for office spaces and further real estate development. Since more professionals have been flocking into the city, there has also been a rise in demand for residential properties. This resulted in infrastructure development, retail expansion, and investor confidence, making the two sectors flourish side by side.
See also: Top 12 IT companies in Mumbai
Business landscape in Mohali
Things have been going very well for the business landscape in Mohali. The key contributors that have been attracting both domestic and international investments are information technology, pharmaceuticals and education. Furthermore, the startup ecosystem in the city has also been thriving with the help of government incentives. With many factors contributing to the success, Mohali is speedily reaching forward to one of the most economically prominent positions in India.
Top companies in Mohali
Teleperformance
Industry: Business Process Processing (BPO)
Sub-industry: Customer Service and Contact Centers
Company type: Multinational corporation
Location: Industrial Area, Sector 75, Mohali, Punjab- 160002
Founded in: June 1978
Headquartered in France, Teleperformance is a global leader in customer experience management, helping with outsourcing solutions for services like customer care, technical support and more. In Mohali, it caters to international clients, which in turn helps the region’s economy and employment situation.
Mahindra & Mahindra
Industry: Automotive and Farm Equipment
Sub-industry: Manufacturing and Agriculture Machinery
Company Type: Public
Location: Industrial Area Phase VII, Mohali SAS Nagar, Mohali – 160055
Founded in: October 2, 1945
The Indian multinational corporation is prominently known for the manufacturing of automobiles, tractors, and other utility services. One of its subsidiaries, Swaraj Tractors, which is responsible for the production of Agricultural vehicles, has played a significant role in the development of the agricultural sector in Mohali.
Conneqt Business Solutions
Industry: Business Process Outsourcing (BPO)
Sub-industry: Customer Services and Contact Centers
Company Type: Multinational corporation
Location: Sector 73, Mohali, Punjab – 160002
Founded in: 2004
Conneqt Business Solutions is one of the leading figures when it comes to providing BPO services in Mohali. A few of the services that it provides are customer support, sales and back-office operations. It strives to make the workforce more productive through training and skill development for better employment opportunities.
Coronis Health
Industry: Healthcare Technology
Sub-industry: Telehealth and Telemedicine
Company Type: Technology Startup
Location: Sector 74, Mohali, Punjab 160059
Founded in: 2015
Coronis Health is a global revenue cycle management company that offers skilled solutions to healthcare practices and facilities. With the help of the mixture of industry-leading technology and high-touch relationship building, Coronics Health takes away a heavy weight from healthcare practitioners so that they can focus on patient care, maintain financial independence and be financially successful.
Congruex Asia Pacific
Industry: Telecommunications and Infrastructure
Sub-industry: Network Services
Company Type: Multinational corporation
Location: Sector 74, Mohali, Punjab 160059
Founded in: 2017
Congruex Asia Pacific is a main player when it comes to the telecommunications and infrastructure sector, supporting the expansion and improvement of network services. The company’s Asia-Pacific team helps them to provide engineering services to operate 24/7 and diversifies their talent pool. Headquartered in Mohali, it shows the city’s role in the telecommunications industry.
Bunge India
Industry: Agribusiness
Sub-industry: Food processing and Distribution
Company Type: Multinational Corporation
Location: Industrial Area, Sector 75, Mohali, Punjab 140308
Founded in: March 1958
Bunge India is an American agribusiness and food company that specialises in the exporting of soybeans, food processing, gain trading, and fertiliser. It is also known for growing oilseeds and grains from the world’s primary agricultural regions and contributing them to customers worldwide.
Vodafone Idea
Industry: Telecommunications
Sub-industry: Mobile Network Operations
Company Type: Joint Venture
Location: SCF 67, Phase 3B2, SAS Nagar, Mohali – 160055
Founding date: 2018
Vodafone Idea is an Indian mobile network operator and is one of India’s major mobile network operators. It provides telecommunications services and connectivity solutions to not only the residents of Mohali but all over India. It contributes to effective communication within the regions while also providing employment opportunities to the people as well.
FIS ( Fidelity National Information Services)
Industry: Financial Technology (FinTech)
Sub-industry: Banking and Payment Solutions
Company Type: Multinational Corporation
Location: Sector 75, Mohali, Punjab 160062
Founding date: 1968
Fidelity National Information Services has become an American multinational corporation that specialises in providing a wide range of financial products and services, by facilitating the movement of around $9 million through the processing of approximately 75 billion transactions to an estimated 20,000 clients around the globe.
Sun Pharmaceutical Industries
Industry: Pharmaceuticals
Sub-industry: Pharmaceutical Manufacturing
Company Type: Public Limited Company
Location: Sector 75, Mohali, Punjab 160062
Founded in: 1983
Being India’s largest pharmaceutical company, it comes as no surprise that its Mohali facility, one of its manufacturing units, has been greatly contributing to the pharmaceutical sector’s growth and healthcare. The products of the company cater to a wide range of therapeutic segments like neurology, cardiology, diabetology, etc.
Fortis Healthcare
Industry: Healthcare Services
Sub-industry: Hospitals and Healthcare Facilities
Company Type: Public Limited Company
Location: Sector 62, Mohali, Punjab 160062
Founded in: February 28, 1996
Fortis Healthcare is a leading healthcare service provider in India that is known for its modern healthcare facilities that cater to a variety of medical services and healthcare in the region. The company started out in Mohali, expanded all over Punjab and in a few years, it also became one of the prominent names in India’s healthcare sector.
Commercial real estate demand in Mohali
Office spaces: The rising demand for office spaces in Mohali is driven by the expansion of corporate sectors, especially in industries like IT, BPO and pharmaceuticals. The requirements of new businesses or expanding businesses are responded to by real estate developers by constructing commercial complexes and business parks.
Rental spaces: The presence of the corporate landscape in Mohali has been attracting more and more people to the region, which leads to an increase in demand for rental spaces and properties.
So, the corporate landscape spurs demand for commercial real estate in Mohali while the real estate sector caters to their demand and benefits from them in various ways, creating a symbiotic relationship between the two sectors.
Read also: Top companies in Ludhiana
Impact of companies on Mohali
Companies have a powerful impact on the local economy, job market, and overall development of Mohali. The companies help in economic development by creating employment opportunities, attracting professionals and catering to the demands of the people in the city. They have also helped in the development of the real estate and infrastructure sector of Mohali over the past few years.
FAQs
Is Mohali an IT hub?
Mohali has developed rapidly as an IT hub in the state of Punjab.
Which industries are found in Mohali?
There are various industries in Mohali, such as Information Technology, pharmaceuticals and healthcare, education and research, etc.
What are some companies that are found in Mohali?
Teleperformance, Mahindra & Mahindra, and Vodafone Idea are some of the companies that are found in Mohali.
What is considered a good salary in Mohali?
A salary of around Rs 8 to 10 lakh per annum is considered a good salary in Mohali.
Which is the richest area in Mohali?
Kharar is the richest area in Mohali.
Is Mohali an expensive city?
Mohali is considerably cheaper in comparison to major metropolitan cities in India.
What is Mohali’s other name?
Mohali is also known as Sahibzada Ajit Singh Nagar district.
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