Top 10 Businesses in India

Last Updated at: April 29, 2020
317
Top 10 Businesses in India

Over the last decade, many strong economic reforms have been implemented by the Government of India. The introduction of GST and investor-friendly laws helped many industries to increase profit and for many to sustain. These favorable conditions are making India stand firmly during these critical financial conditions worldwide. Following are the 10 leading industries in India, that are supporting our economy extensively:

Textile Industry

The Indian textile industry is one of the oldest industries that is supporting the Indian economy. It can produce a wide range of products for every segment in India and abroad. Scope of the industry composites of the generation of raw material such as silk, wool, and jute to process them to finished apparel. Moreover, the textile industry has a contribution of 2% in GDP and is playing a major role by having a 15% share of the export earnings of India in 2018-19. Additionally, it provides job opportunities to around 4.5 million people across the country. The industry is currently estimated at US$250 billion.

Further, leading textile companies in India are Bombay Dyeing and Manufacturing Company Ltd., Fabindia Overseas Private Ltd, Grasim Industries Ltd, Vardhman Ltd, Raymond Ltd. Among promising start-ups in Industry, PostFold Ltd and IntelloCut are making commendable progress.

Pharmaceutical Industry:

India is the number one country in providing Generic Drugs globally. It supplies around 50% of vaccines worldwide. Additionally, it values US$ 55 billion. Further, it recorded a 9.7 % increase in export earnings of India whereas it has a 2% share in GDP. 

Leading pharmaceutical companies in India are Piramal Enterprises, Sun Pharmaceutical Industries, Aurobindo Pharma Ltd, Dr. Reddy’s Laboratories, Wockhardt Ltd.

IT and Services:

Indian IT industry has its conveyance centers in many countries across the globe. The IT sector in India has two components, information technology services, and BPO. Additionally, it has increased its share in India’s GDP from 1.2% to 7.7% (as per financial year report of 2017-18). The worth of the Indian ITeS industry is US$177 billion.  4.1 million people are employed in ITeS.

Top ITeS companies in India are TCS, Wipro, HCL, Tech Mahindra, Oracle Financial Services, Mphasis, etc.  TCS is a leading ITeS company with a market value of around US$100 billion.

Automobile Industry:

India is the fourth largest company considering the automobile market recording sales of 26.27 million units in FY19. The Two-wheeler industry is more dominant than other segments of automobiles. India grabs 7th position in manufacturing automobiles. Increased focus on the rural market is the reason behind the growth of the automobile industry.  It contributes a 7% share in the GDP of India. The size of the Indian Automobile Industry is 2.6 million units. The net output from the industry is US$ 300 million.

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Ashok Leyland, Bajaj Auto Ltd, Eicher Motors Ltd, Force Motors Ltd, Mahindra & Mahindra Ltd, Hero MotoCorp Ltd, Tata Motors Ltd are the big names in the Indian automobile sector.  Maruti Suzuki is the biggest automobile manufacturer in India. It holds 53% of the market share. 

Chemical & Petrochemical Industry:

The Indian chemical and petrochemical industry values US$ 118 billion. It shows the growth rate of a CAGR of 8% for the next five years. It has contributed a 9% share of total Indian export earnings. This sector holds a 15% share in the manufacturing GDP (during 2012-13). Bulk chemicals are the largest sub-segment of the Indian chemical industry holding 40% market share whereas specialty chemicals with approximately 19% market share. Gujarat, Maharashtra, and Uttar Pradesh hold more than 50% of Gross Value Add (GVA) and Gross Output of the chemical and petrochemical industry.

Pidilite Industries Ltd, Tata Chemicals Ltd, UPL Ltd, Gujarat Fluoro Chemicals Ltd, Reliance Industries Ltd, Indian Oil Corporation, Manali Petrochemical Ltd, etc are the leading companies in Indian chemical and Petrochemical Industry. Reliance Industries rules the petrochemical market in India and abroad. 

Engineering Industry:

Increased investments in infrastructure, industrial manufacturing, consumer durables, automobile industries have also boomed the Engineering industry. This industry has strategic importance to India’s economy. Export of transport equipment, construction equipment, machinery, light engineering equipment has helped the Indian economy to achieve growth. It holds a 60% share of total export. During FY 18-19, India exported US$81.02 billion engineering equipment. It showed a growth of 6.32%. Construction equipment shows the growth of 18% in FY19 whereas electrical equipment recorded the highest growth of 12.8% during the same period.

L&T Ltd, Tata Group, Reliance Industries, Godrej are the leading Indian engineering companies. L&T is the principal ruling construction and engineering of India.

Financial Services:

Rising income has expanded the growth of Financial Services in India. Commercial banks, insurance companies, NBFCs, etc come under Financial services. This industry has grown to US$376.73 billion by Oct 19. IPO showed rapid growth of US$2.10 billion in FY19.

Bajaj Finance Ltd, GIC Housing Finance Ltd, HDFC Ltd are the best financial service providers in India.

FMCG

FMCG is the fourth prime sector in the Indian economy. It showed a growth of 16.5% in value terms. It grew 9-10% during FY19. The sector is expected to reach US$103.7 billion by FY20.

Godrej, Parle Agro Ltd, ITC Ltd, Marico Ltd, Amul are the leading FMCG companies in India.

Dabur India is India’s largest FMCG Company with revenues of over US$ 1.22 billion in FY19.

Education & Training Industry:

As India has the largest population of age group 5-24, apparently there are more opportunities for the education sector. Moreover, it was worth US$101.1 billion in FY19. India has 39,050 colleges and 903 universities. Further, the Gross Enrolment Ratio for higher education was 25.8% in FY17-18. Moreover, the sector is estimated to reach US$1.96 billion by 2021 with approximately 9.5 million users.

Some of the leading Indian companies in the sector are BYJU’s, Dexler Education, Educomp Solutions, IGNOU, NIIT, etc. 

Tea Industry:

The tea industry plays a vital role in the Indian economy. Moreover, the majority of the tea comes from Assam and West Bengal. Additionally, India has maintained its leadership in this industry with a turnover of roughly Rs 10,000 crores. Further, India has increased tea production by 250% and land utilization for the same by 40%. It contributes a 9.33% share in export earnings. 

Therefore, Tata Tea, Bombay Burmah, Roselle India, Goodrick’s groups are the top Indian companies who are tea manufacturers and exporters. Hence, Tata Tea is the largest manufacturer and exporter of tea in India.  

 

 

 

 

 

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Top 10 Businesses in India

317

Over the last decade, many strong economic reforms have been implemented by the Government of India. The introduction of GST and investor-friendly laws helped many industries to increase profit and for many to sustain. These favorable conditions are making India stand firmly during these critical financial conditions worldwide. Following are the 10 leading industries in India, that are supporting our economy extensively:

Textile Industry

The Indian textile industry is one of the oldest industries that is supporting the Indian economy. It can produce a wide range of products for every segment in India and abroad. Scope of the industry composites of the generation of raw material such as silk, wool, and jute to process them to finished apparel. Moreover, the textile industry has a contribution of 2% in GDP and is playing a major role by having a 15% share of the export earnings of India in 2018-19. Additionally, it provides job opportunities to around 4.5 million people across the country. The industry is currently estimated at US$250 billion.

Further, leading textile companies in India are Bombay Dyeing and Manufacturing Company Ltd., Fabindia Overseas Private Ltd, Grasim Industries Ltd, Vardhman Ltd, Raymond Ltd. Among promising start-ups in Industry, PostFold Ltd and IntelloCut are making commendable progress.

Pharmaceutical Industry:

India is the number one country in providing Generic Drugs globally. It supplies around 50% of vaccines worldwide. Additionally, it values US$ 55 billion. Further, it recorded a 9.7 % increase in export earnings of India whereas it has a 2% share in GDP. 

Leading pharmaceutical companies in India are Piramal Enterprises, Sun Pharmaceutical Industries, Aurobindo Pharma Ltd, Dr. Reddy’s Laboratories, Wockhardt Ltd.

IT and Services:

Indian IT industry has its conveyance centers in many countries across the globe. The IT sector in India has two components, information technology services, and BPO. Additionally, it has increased its share in India’s GDP from 1.2% to 7.7% (as per financial year report of 2017-18). The worth of the Indian ITeS industry is US$177 billion.  4.1 million people are employed in ITeS.

Top ITeS companies in India are TCS, Wipro, HCL, Tech Mahindra, Oracle Financial Services, Mphasis, etc.  TCS is a leading ITeS company with a market value of around US$100 billion.

Automobile Industry:

India is the fourth largest company considering the automobile market recording sales of 26.27 million units in FY19. The Two-wheeler industry is more dominant than other segments of automobiles. India grabs 7th position in manufacturing automobiles. Increased focus on the rural market is the reason behind the growth of the automobile industry.  It contributes a 7% share in the GDP of India. The size of the Indian Automobile Industry is 2.6 million units. The net output from the industry is US$ 300 million.

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Ashok Leyland, Bajaj Auto Ltd, Eicher Motors Ltd, Force Motors Ltd, Mahindra & Mahindra Ltd, Hero MotoCorp Ltd, Tata Motors Ltd are the big names in the Indian automobile sector.  Maruti Suzuki is the biggest automobile manufacturer in India. It holds 53% of the market share. 

Chemical & Petrochemical Industry:

The Indian chemical and petrochemical industry values US$ 118 billion. It shows the growth rate of a CAGR of 8% for the next five years. It has contributed a 9% share of total Indian export earnings. This sector holds a 15% share in the manufacturing GDP (during 2012-13). Bulk chemicals are the largest sub-segment of the Indian chemical industry holding 40% market share whereas specialty chemicals with approximately 19% market share. Gujarat, Maharashtra, and Uttar Pradesh hold more than 50% of Gross Value Add (GVA) and Gross Output of the chemical and petrochemical industry.

Pidilite Industries Ltd, Tata Chemicals Ltd, UPL Ltd, Gujarat Fluoro Chemicals Ltd, Reliance Industries Ltd, Indian Oil Corporation, Manali Petrochemical Ltd, etc are the leading companies in Indian chemical and Petrochemical Industry. Reliance Industries rules the petrochemical market in India and abroad. 

Engineering Industry:

Increased investments in infrastructure, industrial manufacturing, consumer durables, automobile industries have also boomed the Engineering industry. This industry has strategic importance to India’s economy. Export of transport equipment, construction equipment, machinery, light engineering equipment has helped the Indian economy to achieve growth. It holds a 60% share of total export. During FY 18-19, India exported US$81.02 billion engineering equipment. It showed a growth of 6.32%. Construction equipment shows the growth of 18% in FY19 whereas electrical equipment recorded the highest growth of 12.8% during the same period.

L&T Ltd, Tata Group, Reliance Industries, Godrej are the leading Indian engineering companies. L&T is the principal ruling construction and engineering of India.

Financial Services:

Rising income has expanded the growth of Financial Services in India. Commercial banks, insurance companies, NBFCs, etc come under Financial services. This industry has grown to US$376.73 billion by Oct 19. IPO showed rapid growth of US$2.10 billion in FY19.

Bajaj Finance Ltd, GIC Housing Finance Ltd, HDFC Ltd are the best financial service providers in India.

FMCG

FMCG is the fourth prime sector in the Indian economy. It showed a growth of 16.5% in value terms. It grew 9-10% during FY19. The sector is expected to reach US$103.7 billion by FY20.

Godrej, Parle Agro Ltd, ITC Ltd, Marico Ltd, Amul are the leading FMCG companies in India.

Dabur India is India’s largest FMCG Company with revenues of over US$ 1.22 billion in FY19.

Education & Training Industry:

As India has the largest population of age group 5-24, apparently there are more opportunities for the education sector. Moreover, it was worth US$101.1 billion in FY19. India has 39,050 colleges and 903 universities. Further, the Gross Enrolment Ratio for higher education was 25.8% in FY17-18. Moreover, the sector is estimated to reach US$1.96 billion by 2021 with approximately 9.5 million users.

Some of the leading Indian companies in the sector are BYJU’s, Dexler Education, Educomp Solutions, IGNOU, NIIT, etc. 

Tea Industry:

The tea industry plays a vital role in the Indian economy. Moreover, the majority of the tea comes from Assam and West Bengal. Additionally, India has maintained its leadership in this industry with a turnover of roughly Rs 10,000 crores. Further, India has increased tea production by 250% and land utilization for the same by 40%. It contributes a 9.33% share in export earnings. 

Therefore, Tata Tea, Bombay Burmah, Roselle India, Goodrick’s groups are the top Indian companies who are tea manufacturers and exporters. Hence, Tata Tea is the largest manufacturer and exporter of tea in India.  

 

 

 

 

 

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