Top Manufacturing Companies in India [2022]

. 8 min read
Top Manufacturing Companies in India [2022]

The manufacturing companies in India are the greatest drivers of development. With top manufacturers like Tata Motors, Asian Paints, Maruti Suzuki, Ultratech Cement, Voltas, and various associations in this space, the manufacturing sector in India has significantly contributed towards the Gross Domestic Product (GDP) over a while at the constant rate of 16.92%.

Manufacturing companies in India

1. Tata Motors

Tagline: Connecting Aspirations

Tata Motors is a worldwide car manufacturing company. Its diversified portfolio incorporates a broad scope of vehicles, sports utility vehicles, trucks, transports and guard vehicles.

The organisation focuses on enhancing efficiency, improving market share, and thoroughly examining business transactions following new business processes.

At present, the company is operating in more than 125 countries, has a market capitalisation of US $14.60 Bn and customer touchpoints of more than 8800. The company targets to achieve net-zero CO2 emissions by the end of the year 2039.

2. Bharat Electronics Limited:

Tagline: Quality, Technology, Innovation

Bharat Electronics Limited (BEL) is a Navratna PSU under the Ministry of Defence, Government of India, which gives progressed items and frameworks to military, government and regular citizen clients. BEL was originally established to suit the specific electronic hardware requirements of the Indian Defence Services. Still, it now has a significant presence in the non-military people market as well.

Company’s Turnover vis-à-vis PAT

The company has grown significantly in turnover and is consistently giving sufficient profits.

BEL is focusing on solid development of 12-15% during 2021-22. Radar and Missile Systems, Communication, Network-Centric Systems, and other areas will continue to drive the company's growth in the years ahead.

3. Voltas

Tagline: India ka AC

Voltas retains its position at the front line of re-designing the future through imaginative reasoning and brilliant design. As India's biggest cooling manufacturing company, Voltas is also one of the most well-known engineering solution providers, with extensive project management expertise.

Caption: Company’s Market Share of Room ACs over the years.

For a sustainable future, Voltas has achieved the following parameters:

  • Efficiency rating of 99 for SKUs with 5-Star Energy,
  • 3,063 KL of Water was recycled in 2020-21,
  • 9,505 Tonnage of E-waste has been recycled.

Voltas believes that an organised climate helps more prominent effectiveness and execution. Its sound monetary practices combined with cost severity estimates assisted with battling the pandemic-actuated lull.

4. Asian Paints

Tagline: Har Ghar Kuch Kehta hai!

Asian Paints is the most profitable paint manufacturer in India with a group sales of billions in rupees. Asian Paints has a presence in fifteen countries, serving customers across the globe. Aside from Asian Paints, the group's subsidiaries work all over the world.

The following are some key indicators to consider:

  • Lost Time Injury Frequency Rate (LTIFR) - 0.7,
  • Attrition Rate - 7.8%,
  • Severity Rate - 23.4,
  • Number of Patents granted - 14,
  • New Products/variants developed - 48.

5. Ultratech Cement

Tagline: Build beautiful.

UltraTech Cement Limited is the concrete leader manufacturing company in India of the Aditya Birla Group. A US $5.9 billion structure arrangement to be reckoned with, UltraTech is the biggest producer of grey cement, ready mix Cement (RMC) and white cement in India. It is the third-biggest concrete maker on the planet, barring China. UltraTech is the main concrete organisation (outside China) with 100+ MTPA of concrete manufacturing capacity in a solitary country. The organisation's business tasks span UAE, Bahrain, Sri Lanka and India.

Company’s Net Revenue vis-à-vis EBIDTA vis-à-vis EBIDTA per tonne.

The company has contributed significantly to the green environment during the year ending March 2021:

  • Specific net CO2 emissions: 596.59 kg/tonne of cementitious material;
  • Water positive: 3.9x;
  • Reduction in power consumption by 1.63% as compared to last year;
  • Green power capacity: 273MW.

Also read: Manufacturing Companies in Pune

6. Maruti Suzuki

Tagline: Way of Life.

Maruti Suzuki India Limited (MSIL), an auxiliary of Suzuki Motor Corporation, Japan, is India's biggest traveller vehicle manufacturing company. Maruti Suzuki is credited with having introduced the car upset in the country. The organisation is occupied with the matter of manufacturing and sale of traveller vehicles in India. It has offices in Gurgaon and Manesar in Haryana and the best-in-class research and development focus in Rohtak, Haryana.

Company’s PAT vis-à-vis ROE vis-à-vis ROCE.

The company's environmental performance is astounding during the year ending March 2021:

  • 2,700 million litres of water recycled and reused;
  • 1,120 million litres of water saved through dry-wash technology for cleaning cars at the workshop;
  • 230 recharge wells used to rejuvenate the groundwater table.

7. Titan

Tagline: Be More.

Titan is today one of the nations generally appreciated and regarded manufacturing companies in India. Tamil Nadu Industrial Development Corporation also has a business pedigree that can be traced back to the Tata Group. Titan has changed itself from being one of the world's biggest coordinated watchmakers with a fortunate dissemination impression to headway of life company with a presence in the adornments, watches, scents, eyewear and Indian dress wear fragments.

Developing mindfully and profoundly captivating with the local area are values profoundly cherished in Titan's statement of purpose and corporate legacy.

  • Renewables constitute 60% of total energy at manufacturing plants.
  • 87% of the water used in manufacturing is recycled water.
  • 54% of gold and 47% of brass used in production is from recycled sources.

8. Tata Steel

Tagline: Values Stronger than Steel.

The universe of Tata Steel is one without limits—developing, changing, and testing. They aim to build a world that embraces various abilities, continuous development, supportable development and better personal satisfaction.

Tata Steel was set up in India as Asia's originally incorporated private steel organisation in 1907.

Mr J R D Tata fostered India's first modern city at Jamshedpur. Today, it is among the leading worldwide steel manufacturing companies based in India.

Company’s EBIDTA vis-à-vis PBET vis-à-vis ROCE

Some goals towards Sustainable Development:

  • Achieve CO2 emission intensity of <2t CO2/TCS for Tata Steel India;
  • Accomplish specific freshwater consumption of 2 m3/TCS across all steel making sites;
  • Target material efficiency of 99% at all steel making sites;
  • The goal of specific dust emission intensity of 0.4 kg/TCS for Tata Steel India.

9. Aditya Birla Fashion and Retail

Tagline: My World, My Way-Living.

ABFRL is a part of the Aditya Birla Group, a worldwide aggregate in the class of Fortune 500. It is secured by an uncommon power of more than 140,000 workers and a place housing 100 ethnicities. The Group is based on a solid establishment of partner esteem creation. Today, more than half of Group incomes stream from overseas operations that span 36 nations in North and South America, Africa and Asia.

Company’s EBIT vis-à-vis PAT

The company’s contribution towards the sustainable environment is as follows:

  • 34% of the energy generated from renewable sources
  • 3.38% reduction in carbon emissions
  • 88% Sustainable Packaging
  • Zero Waste disposed of in the landfill

The following table provides some brief on the performance of the Manufacturing Companies in India:

Company Name

Year of





(In Crores)




(In Crores)


Stock Price


Tata Motors





Bharat Electronics










Asian Paints





Ultratech Cement





Maruti Suzuki










Tata Steel





Aditya Birla Fashion & Retail






  1. The figures given above are standalone.
  2. Revenue and Profit Before Tax is for the year ending March 2021.

Also Read:

1) Medical Equipments Manufacturers In India
2) Electric Vehicle Manufacturers In India
3) Lithium Battery Manufacturers In India
4) Cosmetic Manufacturers In India
5) LED Light Manufacturers In India
6) Manufacturing Companies In Mumbai

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Q. Which manufacturing company in India has the highest profit in terms of %?

Ans. Tata Steel (27.43%)

Q. Which is the No. 1 manufacturing company in India?

Ans. Tata Motors is India's largest manufacturing company by turnover. Rs 284,997 crore in revenue.

Q. Which state is best for manufacturing in India?

Ans. Tamil Nadu is the state with the largest number of factories in India.

Q. What is the future of manufacturing in India?

Ans. India's manufacturing industry has the potential to exceed the US $1 trillion in revenue by 2025.

Q. How many manufacturing companies are there in India?

Ans. In India, there are around 6,80,000 manufacturing companies.

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