Bhubaneswar’s economic growth with a burgeoning IT and business landscape due to its strategic location, conducive business environment, and government initiatives have attracted numerous companies from a variety of sectors. These companies in Bhubaneshwar are contributing significantly to the state’s economic development. In this article, we’ll explore some of the top companies in Bhubaneswar that have played a pivotal role in the city.
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Business landscape in Bhubaneshwar
Bhubaneswar has its emerging status as an Information Technology and software services hub. The city attracted major companies like National Aluminium Company, Mindtree, Indian Metals & Ferro Alloys and more which are contributing to job creation and economic growth. It is home to prestigious educational and research institutions, such as IIT Bhubaneswar and NISER, fostering a skilled workforce and research opportunities.
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Top companies in Bhubaneswar
National Aluminium Company
Location– Nayapalli, Bhubaneswar – 751013
Industry– Mineral, Metal, Mining
Founded in– 1981
National Aluminium Company is a government-owned enterprise. It is one of the largest integrated aluminium producers in Asia. Nalco has been a vital contributor to the industrial and economic growth of Odisha.
Annapurna Finance
Location– Nayapalli, Bhubaneswar – 751015
Industry– BFSI, Fintech
Founded in – 2009
Annapurna Finance is one of the fast growing NBFC-MFI in the country. It is known for its innovation in its products and delivery mechanisms, to make the whole process of micro-credit delivery as effective as possible. It specialises in providing clients MSME loans and small housing finance.
Indian Metals & Ferro Alloys
Location– Janpath, Unit 3, Bhubaneswar – 751022
Industry– Mineral , Metal , Mining
Founded in– 1961
Indian Metals Ferro Alloys is one of India’s leading fully integrated producers of value added ferro chrome. It specialises in ferro alloys, mining, and power. Its leading customers are Jindal Stainless, AIA Engineering and Shah Alloys.
Mindtree
Location– Gajapati Nagar, Bhubaneswar, Odisha 751013
Industry– Application development, digital transformation, IT
Founded in– 1999
Mindtree is an international technology consulting and services company. It specialises in digital transformation, cloud computing, and data analytics. It has been providing innovative solutions to clients worldwide.
Tech Mahindra
Location– Chandrasekharpur, Bhubaneswar – 751023
Industry– IT services and consulting
Founded in– 1986
Tech Mahindra is a multinational technology company. It offers services in the fields of IT, digital transformation, and business process outsourcing. It specialises in telecom & IT consulting, telecom security consulting, BSS /OSS, network technology solutions and services, network design and engineering, next generation networks, mobility solutions, consulting, and more.
Nilachal Refractories
Location– Mahabir Nagar, Bhubaneswar; Orissa 751002
Industry– Manufacturing (Metals & Chemicals and their products)
Founded in– 1977
Nilachal Refractories was formerly known as IPIBEL Refractories. It was promoted as a joint venture by Industrial Promotion Investment Corporation of Orissa Ltd. (IPICOL) and the then Belpahar Refractories Ltd. For over 30 years, the company has made its presence felt. Its most trusted partner of several organisations of repute, like all the SAIL plants, Vizag Steel Plant, Tata Steel, Hindalco, Nalco, Kudremukh Group etc.
Sun Granite Export
Location– Kharvela Nagar, Bhubaneshwar, Odisha, 751001
Industry– Construction Materials Merchant Wholesalers, Nonmetallic Mineral Mining and Quarrying
Founded in– 2009
Sun Granite is the leading exporter of granite blocks, slabs and tiles. It specialises in all your natural stone needs of slabs/ tiles from granite, marble, slate, quartzite, sandstone, limestone and stone mosaics.
Prime Capital Market
Location– Khordha, Bhubaneswar – 751010
Industry– Finance
Founded in – 1994
Prime Capital Market is a consultancy and advisory service company of various financial products. It is engaged in funding and non-funding activities dealing with business of investors, guarantors and to finance, lend or advance money and give loans.
Indian Metals & Ferro Alloys
Location – Khordha, Bhubaneswar – 751010
Industry – Mining
Foundation date – 1961
Established in 1961 in the Eastern State of Odisha known for its rich natural resources, IMFA is India’s leading fully integrated producer of value added ferro chrome with 190 MVA installed furnace capacity backed up by 204.55 MW captive power generation capacity (including 4.55 MWp solar) and extensive chrome ore mining tracts. They are unique from the quality perspective due to comprehensive ISO 9001 Quality Management certification.
Infosys
Location – Chandrasekharpur, Bhubaneswar – 751024
Industry – Information Technology
Founded in– 1981
Infosys is a global leader in next-generation digital services and consulting. It enables clients in more than 56 countries to navigate their digital transformation. It enables them with an AI-first core, empowers the business with agile digital at scale and drives continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem.
WIPRO
Location – Chandrasekharpur, Bhubaneswar – 751024
Industry – Information Technology
Founded in – 1945
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading technology services and consulting company focused on building innovative solutions that address clients’ most complex digital transformation needs. It leverages its holistic portfolio of capabilities in consulting, design, engineering, operations, and emerging technologies to help clients realize their boldest ambitions and build future-ready, sustainable businesses.
TATA Consultancy Services
Location – Chandrasekharpur, Bhubaneswar – 751024
Industry – Information Technology
Founded in – 1968
Established in 1968, Tata Consultancy Services, a member of the Tata Group has grown to its current position as the largest IT services firm in Asia based on its record of outstanding service, collaborative partnerships, innovation, and corporate responsibility. To help customers achieve their business objectives by providing innovative, best–in–class consulting, IT solutions and services, and to actively engage all stakeholders in a productive, collaborative, and mutually beneficial relationship.
Mindfire Solutions
Location – Patia, Bhubaneswar – 751024
Industry – Software Development and Information Technology
Founded in – 1999
Mindfire Solutions is a 22 years old software development & IT services company. It specialises in offering customized technological and digital solutions to enable its clients to solve their mission-critical issues as well as innovate and reach their target markets with differentiated software products. Over the years, Mindfire has served more than 1000+ clients belonging to a wide range of industries and spread across US, Europe, Australia and Asia.
Commercial real estate in Bhubaneshwar
Office spaces: Bhubaneswar had a growing demand for office spaces, driven by the presence of IT companies, startups, and businesses expanding their operations in the city.
Retail spaces: The city saw a rise in the number of shopping malls and retail spaces, reflecting the growing consumer market.
Hospitality sector: The hospitality and hotel industry also witnessed growth due to the city’s status as a tourist destination and the increasing number of business travellers.
Infrastructure development: Ongoing infrastructure projects, including the Bhubaneswar Metro Rail and improvements in transportation networks, enhanced accessibility to commercial areas, making them more attractive to businesses.
Challenges: The sector faced challenges related to land acquisition, regulatory approvals, and infrastructure maintenance.
Its impact
The growth and diversification of the commercial real estate sector in Bhubaneswar has attracted businesses and investment, contributing to job creation and economic growth. The availability of modern office spaces and retail establishments has improved the city’s business infrastructure, making it more attractive to both local and international companies.
FAQs
Which are the top companies in Bhubaneswar?
The top companies in Bhubaneswar span various industries, including IT and software services.
What is the major industry in Bhubaneswar?
Bhubaneswar's major industries include information technology, steel manufacturing, healthcare, and retail. The city has been gradually emerging as an IT hub in eastern India.
Are there opportunities for job seekers in Bhubaneswar?
Yes, Bhubaneswar offers job opportunities across various sectors, with a particular focus on IT and software services, manufacturing, and healthcare. Job seekers can explore openings in both established companies and startups.
How can I stay updated about job openings in Bhubaneswar?
To stay updated about job openings in Bhubaneswar, you can regularly check job portals, company websites, and local job boards. Networking and reaching out to recruitment agencies in the city can also be helpful.
What are the opportunities for startups in Bhubaneswar?
Bhubaneswar has been fostering a startup ecosystem, with incubators, co-working spaces, and government support programs. Startups in sectors like technology, healthcare, and agriculture have opportunities to thrive in the city.
How is the retail sector in Bhubaneswar?
Bhubaneswar has a vibrant retail sector with shopping malls like Esplanade One and Forum Mart offering a range of shopping and dining experiences.
Are there any major infrastructure projects in Bhubaneswar?
Yes, Bhubaneswar has seen ongoing infrastructure development, including the Bhubaneswar Metro Rail project, expansion of the airport, and improvements in road connectivity, aimed at enhancing the city's transportation and accessibility. What are the challenges faced by businesses in Bhubaneswar? Businesses in Bhubaneswar may face challenges related to regulatory approvals, land acquisition, and infrastructure maintenance.
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