Sriperumbudur, located in the Kanchipuram district of Tamil Nadu, India, is renowned for its historical and industrial significance. Not only is it celebrated as the birthplace of Sri Ramanuja, a revered 12th-century Hindu saint and philosopher, but it has also witnessed substantial industrial growth in recent years. This guide delves into Sriperumbudur’s evolving business landscape and its profound impact on the commercial and real estate sectors.
Business landscape in Sriperumbudur
Sriperumbudur has emerged as a prominent centre for manufacturing and electronics industries within Tamil Nadu. According to a report, the town is home to 554 unique companies, including global giants like Hyundai Motor, Foxconn, TVS, Saint-Gobain, and many others. These industry leaders have established their factories, plants, and offices within the sprawling expanse of the Sipcot Industrial Park, covering an impressive 2,800 acres. The park offers a host of facilities and incentives to attract investors. Noteworthy sectors thriving in Sriperumbudur include automobile manufacturing, auto components, electronics, building materials, industrial machinery, and renewable energy.
Top companies in Sriperumbudur
Hyundai Motor India Limited (HMIL)
- Industry: Automobile
- Sub Industry: Passenger Cars, Commercial Vehicles, Electric Vehicles
- Company Type: Public
- Location: Plot No. H-1, SIPCOT Industrial Park, Irrungattukottai, Sriperumbudur, Kanchipuram District – 602117
- Founding Date: 1996
Hyundai Motor India Limited (HMIL) is a subsidiary of Hyundai Motor Company of South Korea. It is the second-largest car manufacturer and the largest car exporter in India. It offers a range of products such as Santro, Grand i10, Elite i20, Venue, Creta, Verna, Elantra, Tucson, and Kona Electric. It has two manufacturing plants in Sriperumbudur with a combined annual production capacity of 7 lakh units.
Foxconn Technology Group
- Industry: Electronics Manufacturing
- Sub Industry: Mobile Phones, Tablets, Laptops, Smart Devices
- Company Type: Private
- Location: Plot No. A-5, SIPCOT Industrial Park, Sriperumbudur Taluk, Kancheepuram District – 602105
- Founding Date: 1974
Foxconn Technology Group is a Taiwanese multinational company that is the world’s largest contract manufacturer of electronics. It produces devices for global brands such as Apple, Dell, HP, Huawei, Lenovo, Microsoft, Nokia, and Xiaomi. It has a manufacturing facility in Sriperumbudur that produces mobile phones and other smart devices.
Lucas-TVS
- Industry: Auto Components
- Sub Industry: Starters & Alternators for Automobiles & Non-Automobile Applications
- Company Type: Public
- Location: Plot No. A-18 & A-19 SIPCOT Industrial Growth Centre Oragadam Sriperumbudur Taluk Kancheepuram District – 602105
- Founding Date: 1961
Lucas-TVS is a leading manufacturer of starters and alternators for automobiles and non-automobile applications. Lucas-TVS offers a wide range of products, such as starter motors, alternators, wiper motors, ignition products, engine management systems, traction motors, and generators. Lucas-TVS is a joint venture between Lucas Industries Plc., UK, and TVS Group⁵.
Strides Pharma
- Industry: Pharma
- Sub Industry: Pharmaceutical Formulations & API Manufacturing
- Company Type: Public
- Location: Plot No.1A & B SIPCOT Industrial Park Irungattukottai Sriperumbudur Taluk Kancheepuram District – 602117
- Founding Date: 1990
Strides Pharma is a global pharmaceutical company that develops and manufactures high-quality pharmaceutical formulations and active pharmaceutical ingredients (APIs). Strides Pharma has a portfolio of over 200 products across various therapeutic segments, such as anti-infectives, cardiovascular, CNS, gastroenterology, and pain management. Strides Pharma is in over 100 countries and has manufacturing facilities in India, Singapore, Italy, Kenya, and the US.
Straive
- Industry: EdTech
- Sub Industry: Content Solutions, eLearning Solutions, Publishing Solutions
- Company Type: Private
- Location: Plot No. A-21 & A-22 SIPCOT Industrial Growth Centre Oragadam Sriperumbudur Taluk Kancheepuram District – 602105
- Founding Date: 1980
Straive is a leading content solutions provider for global publishers and digital learning companies. Straive offers end-to-end content creation, conversion, enrichment, and delivery solutions. Straive also provides eLearning solutions for corporate training and education. Straive has over 40 years of experience in the publishing industry and has offices in India, the USA, the UK, and Germany.
TVS Sundram Fasteners
- Industry: Auto Components
- Sub Industry: Fasteners & Metal Formed Parts for Automobiles & Other Industries
- Company Type: Public
- Location: Plot No.A-9 & A-10 SIPCOT Industrial Growth Centre Oragadam Sriperumbudur Taluk Kancheepuram District –602105
- Founding Date: 1966
TVS Sundram Fasteners is a part of the TVS Group that manufactures and supplies fasteners and metal-formed parts for automobiles and other industries. TVS Sundram Fasteners offers a range of products such as bolts, nuts, screws, washers, studs, pins, rivets, cold extruded parts, hot forged parts, and powder metal parts. TVS Sundram Fasteners has a presence in over 20 countries and has manufacturing facilities in India, China, Germany, and the UK.
Salcomp Manufacturing India
- Industry: Electronics Manufacturing
- Sub Industry: Mobile Phone Chargers, Adapters, Power Banks, LED Lights
- Company Type: Private
- Location: Plot No. A-17, SIPCOT Industrial Park, Sriperumbudur Taluk, Kancheepuram District – 602105
- Founding Date: 2006
Salcomp Manufacturing India is a subsidiary of Salcomp Plc. This Finnish company is the world’s leading manufacturer of mobile phone chargers. Salcomp Manufacturing India Pvt Ltd also produces adapters, power banks, and LED lights for various applications. It has a state-of-the-art manufacturing plant in Sriperumbudur with over 300 million units per year production capacity.
Saint-Gobain India
- Industry: Building Material
- Sub-Industry: Glass Products for Construction, Automotive, Solar and Other Industries
- Company Type: Public
- Location: Plot No. A-1 SIPCOT Industrial Park Sriperumbudur Taluk Kancheepuram District – 602105
- Founding Date: 1665
Saint-Gobain India is a subsidiary of Saint-Gobain Group, a French multinational company leading in glass products. Saint-Gobain India offers a range of glass products for various industries such as construction, automotive, solar, aerospace, and defence. It has a glass complex in Sriperumbudur that comprises three manufacturing facilities for float glass, automotive glass, and mirrors.
Dietech India
- Industry: Industrial Machinery
- Sub-Industry: High-Pressure Die Casting Machines and Dies
- Company Type: Private
- Location: Plot No. B-21 & B-22 SIPCOT Industrial Growth Centre Oragadam Sriperumbudur Taluk Kancheepuram District – 602105
- Founding Date: 1995
Dietech India is a leading manufacturer and supplier of high-pressure die-casting machines and dies. Dietech India Pvt Ltd caters to automotive, electrical, electronics, aerospace, and defence industries. It has a modern manufacturing facility in Sriperumbudur equipped with CNC machines, CAD/CAM software, and quality control systems.
Tecno Doors (Fermator)
- Industry: Engineering
- Sub-Industry: Machineries , Instruments
- Company Type: MNC
- Location: Mambakkam & Pondur Dist. Kancheepuram, Sriperumbudur Tamil Nadu – 602106
- Founding Date: 2006
Tecno Doors Private Limited (TDPL), known as Fermator, is a prominent Indian Non-Government Company established in 2006. They specialise in manufacturing and distributing automatic doors for lifts and components. Fermator is part of a global group with headquarters in Spain, boasting production facilities in various countries, including Spain, France, Greece, Italy, China, India, and Brazil.
TexelQ Engineering
- Industry: Mineral , Metal , Mining
- Sub-Industry: Metallic
- Company Type: MNC
- Location: Kuthambakkam Road Mevalurkuppam, Sriperumbudur Tamil Nadu , 602105
- Founding Date: 2006
Texelq Engineering India Private Limited (TEIPL), formerly known as Chakkaram Engineering India Private Limited, is a prominent Indian non-government company established on January 23, 2006. TEIPL excels in manufacturing motor vehicle parts and accessories, specialising in machined ferrous and non-ferrous castings for various industries, including automotive, aerospace, and defence.
Sundaram Hydraulics
- Industry: Engineering
- Sub-Industry: Machineries , Instruments
- Company Type: SMEs
- Location: Singaperumal Koil Road, Sriperumbudur, Tamil Nadu, 602105
- Founding Date: 2007
Sundaram Hydraulics Limited (SHL), established in 2007, is a leading company specialising in the design, testing, and production of hydraulic cylinders for both off-highway equipment and industrial use. With a focus on indigenous technology, SHL manufactures hydraulic cylinders to cater to the needs of the domestic and global Mobile Construction Equipment (MCE) industry.
Commercial real estate demand in Sriperumbudur
Big companies in Sriperumbudur have created a strong demand for office spaces and rental properties there. According to a report by Magicbricks, the average cost of commercial real estate in Sriperumbudur is Rs. 3,500 per square foot, which is more expensive than Chennai, where it’s Rs. 2,900 per square foot. The rent for commercial properties in Sriperumbudur varies between Rs. 15 to Rs. 40 per square foot each month, depending on where they are, how big they are, and what amenities they offer.
People who work for these companies often want to live close to their jobs. So, the residential real estate market in Sriperumbudur is also doing well. The average price for homes in Sriperumbudur is Rs. 2,800 per square foot, while in Chennai, it’s higher at Rs. 4,600 per square foot. If you want to rent a house in Sriperumbudur, it can cost you anywhere from Rs. 5 to Rs. 15 per square foot each month. The price and rent can vary based on the location and size of the house.
Impact of companies on Sriperumbudur
The influence of these companies extends beyond the real estate sector, profoundly impacting the socio-economic development of Sriperumbudur and its environs. These corporations have become significant employment generators, directly and indirectly, providing livelihoods for thousands of individuals. Additionally, they have played a pivotal role in enhancing local infrastructure, education, healthcare, and environmental sustainability. Initiatives undertaken by these corporations include the construction of roads, bridges, educational institutions, hospitals, community centres, water treatment facilities, solar power plants, waste management systems, and corporate social responsibility (CSR) activities.
Sriperumbudur is a shining example of how industrialisation can metamorphose a town into a thriving business destination. The companies operating within Sriperumbudur have invigorated the economy and elevated the quality of life for its residents. In the foreseeable future, Sriperumbudur is poised to ascend as one of India’s most pivotal industrial corridors, symbolising the transformational potential of industrial growth.
FAQs
How can I obtain the contact details of companies in Sriperumbudur?
You can find contact details for companies in Sriperumbudur through online platforms like Fundoodata.com, Justdial.com, and Indiamart.com. Visit the companies' websites or refer to the SIPCOT Industrial Park directory for specific information.
What are the predominant industries in Sriperumbudur?
Sriperumbudur hosts key industries, including automobile and electronics manufacturing, pharmaceuticals, edtech, auto components, building materials, and industrial machinery. Leading companies in these sectors operate in the town.
What infrastructure facilities are available in Sriperumbudur?
Sriperumbudur features excellent road, rail, and air connectivity. It's close to Chennai and provides access to major cities. The region enjoys a stable power supply, water resources, and utilities. The SIPCOT Industrial Park offers land and amenities.
What opportunities exist for skill development and training in Sriperumbudur?
Sriperumbudur offers skill development and training programs through educational institutions and vocational centres. Notable institutions include Rajalakshmi Engineering College, Saveetha Engineering College, Apollo Engineering College, and Loyola Institute of Technology. Industry associations and government agencies also provide sector-specific training.
What environmental and social challenges do companies in Sriperumbudur encounter?
Companies face challenges related to pollution control, labour relations, and land acquisition. They must adhere to environmental regulations, maintain good industrial relations, and navigate complex land acquisition processes.
What is the history of Sriperumbudur?
Sriperumbudur is historically significant as the birthplace of Hindu saint Sri Ramanuja. It's also known for the assassination of former Prime Minister Rajiv Gandhi in 1991, with a memorial at the site.
Why is Sriperumbudur important in the automobile industry?
Sriperumbudur is a major hub for car manufacturing, hosting companies like Hyundai, BMW, Nissan, and Ford. It also has ancillary units supplying auto components, contributing to economic growth.
What other industries thrive in Sriperumbudur?
Besides automobiles, Sriperumbudur is in electronics manufacturing, pharmaceuticals, edtech, building materials, and industrial machinery. Notable companies include Foxconn, Strides Pharma, and Saint-Gobain.
What are the tourist attractions in Sriperumbudur?
For racing enthusiasts, Sriperumbudur boasts historical and cultural sites like Sri Adikesava Perumal Temple, the Rajiv Gandhi Memorial, and the Madras Motor Race Track.
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