Maharashtra is one of the biggest states in India, both physically and economically. The state is home to more than two megacities than any other state in India. Maharashtra as a state consists of the perfect blend of tradition and modernity concerning its economic scenario. The state has a diverse population that contributes mainly to the growth in GDP and per capita income of Maharashtra through diversification and a high literacy rate.
See also: List of oil refineries in India
Business landscape in Maharashtra
Maharashtra is a state with a rich and diverse history and has all sorts of industries thriving at all scales. Mumbai, the capital of Maharashtra, is one of the world’s largest and most developed cities. Mumbai and Pune, two of the state’s largest cities, are home to more than 100 multinational conglomerates that deal business in billions of dollars and provide employment to more than half of the residual population. Some of its other big cities include Nashik, Nagpur, etc. These cities contribute primarily to economic growth due to the resource-specific locations that make them famous for their industries. For example, Nagpur is known for its automobile and manufacturing industry.
Read also: Top IT companies in Andhra Pradesh
Companies in Maharashtra
Tata Group
Industry: Conglomerate
Company Type: Private
Location: 24, Homi Mody Street Mumbai 400 001
Founded in: 1868
The Tata Group, headquartered in Mumbai, is one of India’s oldest and most renowned conglomerates. With a history dating back over a century, the Tata Group has interests in various sectors, including steel, automotive, IT, telecommunications, and hospitality. Companies under the Tata banner include Tata Motors, Tata Steel, Tata Consultancy Services (TCS) and Taj Hotels. Their commitment to innovation, sustainability and corporate social responsibility has solidified their position as a global leader.
Infosys
Industry: Information Technology
Company Type: Public
Location: Triveni House, 202/A, Khemraj Krishnadas Marg, Near Grant Staion, Khetwadi, Mumbai, Maharashtra 400004
Founded in: 1981
Infosys, based in Pune and Bengaluru, is one of India’s top IT services companies. Founded by N. R. Narayana Murthy and his team, Infosys has played a pivotal role in the growth of India’s IT industry. It offers a wide range of services, including software development, consulting, and business process outsourcing, and has a global presence with clients in more than 45 countries.
HDFC Bank
Industry: Banking and Financial Services
Company Type: Public
Location: Cyrus Avenue, Khatija Mansion, Dr Anandrao Nair Rd, Agripada, Mumbai, Maharashtra 400008
Founded in: 1994
HDFC Bank, headquartered in Mumbai, is one of India’s leading private sector banks. Known for its innovative banking solutions and customer-centric approach, HDFC Bank has a wide network of branches and ATMs across India. It provides a comprehensive range of financial services, including retail banking, corporate banking and wealth management.
Bajaj Auto
Industry: Automotive
Company Type: Public
Location: Vishnu Bh. 19A Benam Hall L, Mumbai, Maharashtra 400004
Founded in: 1945
Bajaj Auto, headquartered in Pune, is a prominent two-wheeler and three-wheeler manufacturer in India. Known for its iconic motorcycles like the Bajaj Pulsar and the Bajaj Discover, the company has a significant market share in the domestic and international markets.
Tata Consultancy Services
Industry: IT
Company type: Limited
Location: Nariman Point, Mumbai, Maharashtra- 400021
Founded in: 1968
Tata Consultancy Services is one of the biggest software solution companies globally. The company has over 10,000 employees globally and caters to government and private firms by providing software solutions and consultation. The company has a market cap of 154 billion USD and generated a revenue of more than 27 billion USD in 2022.
Deloitte
Industry: Consulting
Company type: Private Limited
Location: Indiabulls finance centre, Fitwala road, Mumbai- 400013
Founded in: 1922
Deloitte is a world leader in specialising in auditing and assurance, taxes and legal consultation for businesses of all scales. Deloitte is the preferred company for many industrial giants and is often regarded as one of the best consulting firms in the world.
Amazon
Industry: Multiple industries
Company type: Public
Location: Godrej Tech Park, Mumbai- 400079
Founded in: 2013
Amazon is one of the world’s top five companies and belongs to the FAANG group of companies along with Flipkart, Apple, Netflix and Google. Amazon is one of the world’s wealthiest companies, with a market cap of 1.34 trillion USD and more than 500 billion dollars of revenue in the 2022 fiscal year. The company is responsible for more than 10,000 employees in India and has contributed significantly to India’s economic, physical, and civil development by bringing technology to even the remotest parts of India.
IBM
Industry: IT
Company type: Private Limited
Location: Bandra Kurla Complex, Bandra east, Mumbai- 400051
Founded in: 1997
IBM is another software giant that specialises in software consultation and services for businesses. The company is known for its software solution services and high-security cloud computing services that attract many large-scale and medium-scale companies focused on providing only the best customer service.
Tech Mahindra
Industry: IT
Company type: Public
Location: Rajiv Gandhi infotech park, Pune- 411014
Founded in: 1986
Tech Mahindra is a global leader in the IT sector. The company is a part of the Mahindra and Mahindra group and focuses on providing the best possible software solutions to clients of all scales.
Reliance Industries
Industry: Multiple industries
Company type: Public
Location: Nariman Point, Mumbai- 400021
Founded in: 1958
Reliance Industries is a multinational giant that holds several companies. The group is one of the most influential and powerful companies in India and is often regarded as the wealthiest conglomerate. The group of companies specialises in everything from software to ports and even more.
Hindustan Unilever
Industry: Consumer goods
Company type: Public
Location: Andheri East, Mumbai- 400099
Founded in: 1931
Hindustan Unilever is a market giant that specialises in consumer products. The company owns more than 30 consumer food and utility product brands. The company’s consumer goods portfolio ranges from food products to personal care products and everything in between.
Larsen and Toubro
Industry: Engineering and Infrastructure
Company type: Public
Location: Pascal Wadi, Madh, Mumbai- 400061
Founded in: 1946
Larsen and Toubro is a multinational industrial giant that owns many companies, all catering to industries such as construction, mining, electricals, software, etc. The company undertakes large-scale industrial projects across India and its head offices are in Mumbai, Maharashtra.
Jio
Industry: Telecommunications
Company type: Private
Location: RCP, Navi Mumbai- 400701
Founded in: 2007
Jio is an Indian telecommunications company owned by the Reliance Group of industries. The company is responsible for bringing many life-changing innovations to India like cheaper internet, 5g, remote internet provisions, and much more.
Commercial and real estate demand in Maharashtra
Maharashtra has been the hub of industries such as engineering, infrastructure, chemicals, automotive, IT, etc. The emergence of these industries has driven up the real estate demand due to swift growth in population and employment. Megacities such as Mumbai and Pune have seen a dramatic increase in the residential market.
Commercial real estate: Since the industrial revolution in Maharashtra, the demand for commercial estate has skyrocketed. This is majorly due to the establishment of market giants such as Adani, Reliance, Tata, Mahindra, etc. These companies have majorly impacted the growth of the commercial estate space in Maharashtra.
Impact of companies in Maharashtra
In Maharashtra, companies have significantly impacted the state’s economic and physical growth. Global giants such as Mahindra, IBM, Adani, Reliance, and Tata have significantly influenced Maharashtra by providing world-class services and goods not just in the country but globally as well. This has greatly benefitted Maharashtra as it is the home to some of the world’s biggest companies. These companies have also helped in many places’ ecological and physical development by partnering up in government projects. For example, Jio has helped more than 30 thousand remote villages access the internet.
FAQs
Who is the CEO of Jio?
Atul Kansal is the current CEO of Jio.
Who owns Jio?
Jio is a subsidiary of Reliance industries, which Mukesh Ambani chairs.
How many multinational companies are in Maharashtra?
There are over 50 multinational companies in Maharashtra.
When was TCS founded?
Tata Consultancy Services was founded in 1968 as a subsidiary of Tata Group.
When was Reliance Industries founded?
Reliance Industries was founded in 1958 by Dhirubhai Ambani
Which is the largest consulting firm in India?
Deloitte is the largest consulting firm in India.
Which industries does Tata specialise in?
Tata specialises in all industries, from textiles to technologies.
What is the number 1 business client of TCS?
TCS has the government of India as it's most significant client due to facilitating passport services in India.
Where was the Adani group founded?
Adani group was founded in Gujarat.
How many companies do Mahindra and Mahindra own?
Mahindra and Mahindra own about 15 different companies specialising in many industries
| 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.
