Kerala is one of the most naturally beautiful places in India and sees immense tourism throughout the year. It is home to a lot of culture, beauty and a suitable business landscape. It is harboured by many companies in different sectors, which has helped the nation’s economy grow. The growing companies and businesses have influenced the country’s real estate sector, helping it flourish.
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Business landscape in Kerala
Kerala’s business scene has a mix of traditional and upcoming industries. The state has attracted people worldwide for its natural beauty and cultural richness. It is growing in many industries, such as healthcare and education, to help the economy.
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Top companies in Kerala
Cochin Shipyard
Industry: Shipping, Marine
Sub-Industry: Ship Building, Wrecking, Repairing
Company Type: India’s Top 500
Location: Kochi / Kerala – 682015
Founded in: 1972
Cochin Shipyard is one of India’s largest shipyards in Kochi, Kerala. Established in 1972, it has a rich history of constructing various vessels, including commercial ships, naval vessels, and offshore structures. The shipyard plays a vital role since it has been contributing to and fulfilling the country’s defence and commercial shipping needs. With modern facilities and a skilled workforce, Cochin Shipyard is known for its high-quality shipbuilding and repair services, making it a trusted name in the global maritime sector.
Kalyan Jewellers India
Industry: Gems, Jewellery, Watches
Sub-Industry: Gems, Jewellery
Company Type: India’s Top 500
Location: Thrissur(Trichur) / Kerala – 680002
Founded in: 1993
Kalyan Jewellers India is a jewellery retail endeavour well-known throughout Kerala. Since its establishment in 1993, adornment authorities have turned to the company to buy genuine gold, silver, or jewels. Whatever your nationality, they’re undoubtedly to have various styles to suit your taste. Kalyan Jewelers stands for belief, craftsmanship and greatness in adornments.
Muthoot Finance
Industry: BFSI, Fintech
Sub Industry: Financial Services, Financial Advisor
Company Type: India’s Top 500
Location: Ernakulam / Kerala – 682018
Founded in: 1939
Muthoot Finance is headquartered in Kochi, Kerala, and is a leading NBFC in India. With a history dating back to 1939, it specialises in providing gold loans, among other financial services. Muthoot Finance has a widespread network of branches and serves millions of customers, particularly those needing quick and accessible gold-backed loans.
South Indian Bank
Industry: BFSI, Fintech
Sub Industry: Banks
Company Type: India’s Top 500
Location: Thrissur(Trichur) / Kerala – 680001
Founded in: 1929
South India Bank, headquartered in Thrissur, is a prominent private institution whose history dates back to 1929. The bank offers various financial services to its customers worldwide and has many branches and ATMs. The bank uses modern technology and has a customer-first philosophy. It is also known as a reliable and hospitable bank.
The Federal Bank
Industry: BFSI, Fintech
Sub Industry: Banks
Company Type: India’s Top 500
Location: Aluva / Kerala – 683101
Founded in: 1931
Another significant private bank in India is Federal Bank, headquartered in Aluva, Kerala. The business, established in 1931, provides a range of banking options, including loans, current and savings accounts, digital banking services, and more. A significant place in the Indian financial sector has been attained by the organisation thanks to its dedication to providing the best financial services and a solid regional presence.
KSE
Industry: Food, FMCG
Sub-Industry: Animal Feed, Poultry Farms
Company Type: India’s 501-1000
Location: Irinjalakuda / Kerala – 680121
KSE is a prominent player in the food and FMCG industry. The company primarily focuses on animal feed production and operates poultry farms. It has a vital role in the agricultural sector, ensuring the availability of quality animal feed products.
Muthoot Fincorp
Industry: BFSI, Fintech
Sub-Industry: Financial Services, Financial Advisor
Company Type: India’s 501-1000
Location: Thiruvananthapuram / Kerala – 695034
Founded in: 1887
Muthoot Fincorp is a part of the Muthoot Pappachan Group, a financial services company headquartered in Kerala. With its legacy dating back to 1887, the group has a deep-rooted presence in the financial sector. Muthoot Fincorp offers various financial products and services, including gold loans, microfinance, and foreign exchange. It has a vast network of companies that serve hundreds of thousands of customers worldwide. The company’s determination to its customers has earned it a reputable function.
The Fertilizers and Chemicals Travancore (FACT)
Industry: Chemical
Sub Industry: Agrochemical
Company Type: India’s 501-1000
Location: Kochi / Kerala – 683501
Founded in: 1943
The Fertilizers and Chemicals Travancore, typically called FACT, is based in Kochi, Kerala. Established in 1943, FACT specialises in producing fertilisers, petrochemicals, and chemical merchandise. It plays a crucial function in assisting agriculture in India by supplying essential fertilisers. FACT is understood for its commitment to sustainable practices and environmental duty, contributing to the kingdom’s agricultural boom.
V-Guard Industries
Industry: Electrical, Electronics, Batteries
Sub Industry: Electrical, Electronics
Company Type: India’s 501-1000
Location: Kochi / Kerala – 682028
Founded in: 1977
V-Guard Industries, based in Kochi, Kerala, is a leading client electronics and electrical appliances organisation. Founded in 1977, it offers various products, including voltage stabilisers, inverters, water warmers, and more. The agency’s electric answers cater to residential and business desires, ensuring reliability and power efficiency.
Accubits Technologies
Industry: Information Technology (IT), Data Analytics, AI, Robotics, IoT
Sub Industry: IT – Software, App Development
Company Type: MNC
Location:Thiruvananthapuram / Kerala – 695581
Accubits Technologies is an era agency based in Kozhikode, Kerala, recognised for its information in emerging technology. Accubits gives innovative answers to numerous industries, including healthcare, finance, and logistics. Their dedication to investigation and development has positioned them as a pacesetter within the contemporary era, using digital transformation across sectors.
Commercial real estate demand in Kerala
The booming industry in Kerala has had a widespread impact on the demand for industrial real estate, such as workplace and rental units. The call for workplace space in Kerala has improved with the boom of jobs, especially within the IT and healthcare sectors. This caused the advent of new office buildings and infrastructure, assisting in enlarging suburbs and outlying areas.
With the influx of companies, the rental property market in Kerala has tightened. Property owners have benefited from the continued demand for retail, resulting in stronger rents and rising property prices.
Impact of industries on Kerala
Within the dynamic landscape of Kerala, each industry has etched a unique narrative in the local real estate arena, profoundly impacting the demand dynamics across the state. Industries such as tourism have driven the need for premium hotels and resorts in scenic locales like Munnar and Alleppey, fostering a thriving hospitality sector. Agriculture’s demand for storage facilities and warehouses has propelled commercial real estate development. The information technology boom in cities like Kochi has led to the growth of office spaces and IT parks, boosting residential real estate demand. The healthcare sector’s medical tourism has increased the need for accommodation near medical facilities, further stimulating the real estate market. These industries have thrived and created diverse investment opportunities, shaping Kerala’s real estate tapestry.
FAQs
What are the pinnacle industries in Kerala?
Tourism, information technology, healthcare and education are many of the top industries in Kerala.
How has the tourism enterprise motivated Kerala's real estate marketplace?
The tourism industry has pushed demand for inns, resorts, and vacation homes, positively impacting the estate market.
Are there any main IT businesses operating in Kerala?
Yes, Kerala is witnessing the emergence of essential IT organisations and IT parks.
What is the call for a workplace area in Kerala?
The demand for workplace areas in Kerala is at an upward thrust, especially in IT hubs and business districts.
Which businesses are riding the call for apartment properties in Kerala?
IT and corporate businesses are Kerala's primary drivers of apartment property calls.
What are the potentialities for combined-use developments in the nation?
Mixed-use traits combining residential, business, and retail spaces are gaining popularity in growing vibrant neighbourhoods.
How can corporations take advantage of Kerala's actual property marketplace?
Businesses can find suitable workplace spaces and business homes to guide their increase in Kerala.
Are there any government initiatives helping the company boom in Kerala?
Government tasks promote a commercial enterprise boom in Kerala, making it an attractive industry destination.
How does Kerala examine other Indian states in phrases of enterprise possibilities and actual property improvement?
Kerala gives unique business possibilities and a growing actual property marketplace, regularly distinct from other Indian states.
| 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 |
Priya Banerjee, a writer with a keen eye on the property market, she deciphers the ever-changing trends in residential real estate. Priya excels at simplifying complex real estate terms, making them easy for everyone to understand. Her well-researched advice helps buyers and investors understand complex topics.
