Faridabad, a bustling city in the northern Indian state of Haryana, stands as a testament to India’s thriving business landscape. Its strategic location, skilled workforce, and diverse industries have attracted a plethora of companies. This surge has not only bolstered the local economy but also significantly impacted the real estate market in the city. Let’s delve into how the presence of these companies has shaped Faridabad’s business landscape and real estate dynamics.
See also: List of top 10 manufacturing companies in Faridabad
Business landscape in Faridabad
Faridabad is a multifaceted business hub encompassing various sectors. While manufacturing holds a dominant position, the city is also making strides in software and information technology (IT) services. Notably, Faridabad is home to key players in industries like automotive, electronics, pharmaceuticals, and textiles. This eclectic mix of sectors fuels the city’s economic engine.
Read also: Circle rates in Faridabad
Top 11 companies in Faridabad
Escorts Kubota
Industry: Manufacturing
Sub Industry: Automotive
Company Type: Public
Location: Ballabhgarh, Faridabad, Haryana – 121004
Founded in: 2008
Escorts Kubota is a leading manufacturer of agricultural machinery and equipment known for its innovative and reliable products. The company’s portfolio includes tractors, power tillers, and various farm implements. With a legacy spanning over five decades, Escorts Kubota has established itself as a trusted name in the agricultural sector, contributing significantly to modernising farming practices in India.
NHPC
Industry: Power Generation
Company Type: Public
Location: Sector 33, Faridabad, Haryana – 121003
Founded in: 1975
NHPC is a premier hydropower company in India, contributing significantly to the country’s power generation. With a diverse range of projects spread across various states, NHPC plays a vital role in India’s energy sector. The company’s focus on sustainable and environmentally friendly power generation has earned it recognition on both national and international platforms.
Sanden Vikas
Industry: Automotive Air-Conditioning Systems
Location: Mathura Road, Faridabad, Haryana – 121006
Founded in: 1995
Sanden Vikas is a prominent player in the automotive industry, specialising in air-conditioning systems. The company’s cutting-edge technology and quality products have earned it a reputable standing. With a commitment to innovation and customer satisfaction, Sanden Vikas has become a preferred partner for several leading automobile manufacturers in India and beyond.
Shahi Exports
Industry: Textiles
Company Type: Private
Location: Sector 58, Faridabad, Haryana – 121004
Founded in: 1974
Shahi Exports is a global leader in the apparel and fashion industry, known for its quality-driven approach and sustainable practices. With a vast network of production facilities and a skilled workforce, the company caters to renowned fashion brands worldwide. Shahi Exports has been instrumental in revolutionising the garment manufacturing sector in India, setting high standards for quality and compliance.
Chetan Rubber Udyog
Industry: Manufacturing
Sub Industry: Rubber Products
Company Type: Private
Location: Dabua Pali Road, Faridabad, Haryana – 121001
Founded in: 1986
Chetan Rubber Udyog is a distinguished name in the manufacturing of rubber products, offering a wide range of high-quality components for various industries. The company’s expertise lies in producing customised rubber solutions that meet specific client requirements. With a focus on innovation and precision engineering, Chetan Rubber Udyog has earned a reputation for excellence in the industry.
Indo Manufacturing Company
Industry: Manufacturing
Sub Industry: Engineering
Company Type: Private
Location: Sector 24, Faridabad, Haryana – 121005
Founded in: 1965
Indo Manufacturing Company is a key player in the automotive industry, specialising in the production of precision components. The company’s product range includes critical parts used in engines, transmissions, and other automotive systems. With a legacy spanning over five decades, Indo Manufacturing Company has established itself as a reliable partner for various leading automobile manufacturers.
Larsen & Toubro
Industry: Construction, Infrastructure, Coworking, Engineering
Company Type: Private
Location: Sector 27D, Faridabad, Haryana 121003
Founded in: 1946
Within India’s private sector, Larsen & Toubro is a well-known and well-respected company. This multinational Indian company engages in a wide variety of business ventures, including engineering, construction, manufacturing, technology, information technology, and financial services. This corporation, which has a presence in more than 50 countries throughout the world, is ranked among the top five construction companies in the world.
Agri Best India
Industry: Agriculture
Company Type: Public
Location: Mathura Road, Faridabad, Haryana – 121006
Founded in: 1995
Agri Best India is a leading player in the agribusiness sector, offering a diverse range of agricultural products and services. The company is committed to promoting sustainable farming practices and providing farmers with innovative solutions. With a strong focus on research and development, Agri Best India has been instrumental in advancing agricultural productivity in the region.
Imperial Auto Industries
Industry: Automotive
Company Type: Public
Location: Sector 24, Faridabad, Haryana – 121005
Founded in: 1975
Imperial Auto Industries is a prominent manufacturer of automotive components, catering to the needs of the automobile industry. The company specialises in producing precision-engineered parts used in various vehicle systems. With a track record of delivering high-quality products, Imperial Auto Industries has established itself as a trusted supplier to leading automobile manufacturers.
Mahindra Defence Systems
Industry: Defence
Company Type: Private Limited
Location: Sector 3, Faridabad, Haryana – 121004
Founded in: 2009
Mahindra Defence Systems is a significant player in the defence and aerospace sector, providing cutting-edge solutions for national security. The company is engaged in the design, development, and production of defence equipment and systems. With a focus on innovation and technological prowess, Mahindra Defence Systems plays a crucial role in bolstering India’s defence capabilities.
JCB
Industry: Construction Equipment
Company Type: Private Limited
Location: Ballabhgarh, Faridabad, Haryana – 121004
Founded in: 1979
JCB is a globally renowned brand in the field of construction equipment manufacturing. The company’s product range includes a wide array of earthmoving machinery and construction vehicles. JCB’s commitment to quality, durability, and innovation has made it a preferred choice for construction professionals worldwide, contributing significantly to infrastructure development.
Impact on real estate demand
The thriving business landscape in Faridabad has led to a surge in demand for both commercial and residential real estate. Companies like Escorts Kubota, NHPC, and Sanden Vikas require extensive industrial spaces and office complexes. This has spurred the development of industrial zones and business parks across the city. Moreover, the influx of professionals has bolstered the rental property market, creating competitive rates and increased property values.
Impact of companies in Faridabad
Companies in Faridabad have played a pivotal role in driving economic growth and employment opportunities. They have not only contributed significantly to the local economy but also acted as catalysts for infrastructural development. The presence of industry giants like Escorts Kubota, NHPC, and Sanden Vikas has established Faridabad as a prominent industrial and business centre in the region.
FAQs
How many companies are there in Faridabad?
Faridabad is home to thousands of companies across various industries, including manufacturing, textiles, automotive, and more.
Which industry is famous in Faridabad?
Manufacturing is the predominant industry in Faridabad.
Which industries are in Faridabad?
Faridabad hosts a diverse range of industries, including manufacturing, automotive, textiles, engineering, IT, and agriculture, among others.
Which sector is good to live in Faridabad?
The residential sectors in Faridabad, like Sector 15, Sector 21C, Sector 45, and Sector 46, are popular choices known for their amenities and livability.
Is Faridabad a developed city?
Faridabad is considered a rapidly developing city, particularly in terms of industrial and economic growth. It has a well-established industrial base and is home to numerous companies across various sectors.
What is the old name of Faridabad?
The old name of Faridabad is Tilpath ( Tilprastha).
Does Faridabad have a Metro?
Yes. The Violet Line of the Delhi Metro passes through Faridabad.
Who built Faridabad city?
Faridabad was founded in 1607 by Shaikh Farīd, treasurer for the Mughal emperor Jahāngīr, to protect the high road between Delhi and Agra. It was constituted as a municipality in 1867.
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