List of top 10 manufacturing companies in India


The things we use daily come from a manufacturing company, even if we do not directly shop there!

The manufacturing sector has the potential to play a crucial role in making India the fastest growing economy in the world. The growth rate in the manufacturing sector over the last decade has been around 7-9% per annum and target to around 12% in next decade.

Efforts like Make in India and Skill India are planned to support the manufacturing sector. There are more than 6,80,000+ manufacturing companies in India. Here is the list of top manufacturing companies in India:

  1. Tata Motors Ltd

Tata Motors Limited, one of the well-known manufacturing companies of India, was established in 1945. The product ranges are cars and sports utility vehicles, trucks & buses, defence vehicles. Tata Motors Limited has nine directors – Vedika BhandarkarChandrasekaran Natarajan, and others.

Operating RevenueOver INR 500 cr
EBITDA 0.43 %
Networth 4.66 %
Debt/Equity Ratio1.16
Return on Equity-6.97 %


2) Tata Steel Limited

Tata Steel Limited, also popularly known as Tata Steel is biggest steel manufacturer of India, incorporated in year 1907. The company is headquartered in Mumbai and the product ranges are hot and cold rolled sheet, coated coil, tubes, rebars, wire rods, agriculture equipments, automotive Steels, sections, building solutions. Tata Steel Limited has nine directors – Koushik ChatterjeeNoel Naval Tata, and others.

Operating RevenueOver INR 500 cr
EBITDA 46.45 %
Networth 18.78 %
Debt/Equity Ratio0.30
Return on Equity14.91 %


3) Hindalco Industries Ltd

Hindalco Industries Limited was incorporated in year 1958. The company is major manufacturer of Aluminium & Copper products in India. The product ranges are extrusions, foil, Copper cathodes, chemicals, acids. Hindalco Industries Limited has 11 directors – Kumar Mangalam BirlaRajashree Birla, and others.

Operating RevenueOver INR 500 cr
EBITDA 11.74 %
Networth 10.05 %
Debt/Equity Ratio0.39
Return on Equity1.98 %


4) Mahindra & Mahindra Ltd

Mahindra & Mahindra one of the popular names in manufacturing of automobiles, farm equipment and automotive components. The company was established in year 1945. The product ranges are two-wheelers, tractors, agricultural implements, internal combustion engines, industrial petrol engines, spare parts and machine tools. Mahindra And Mahindra Limited has 12 directors – Anand Gopal MahindraHaigreve Khaitan, and others.

Operating RevenueOver INR 500 cr
EBITDA 12.21 %
Networth 0.10 %
Debt/Equity Ratio0.21
Return on Equity0.78 %


5) Maruti Suzuki India Ltd

Maruti Suzuki India Limited, also popularly known as Maruti; manufactures, purchases, and sells motor vehicles, components, and spare parts. Company was incorporated in year 1981 in India. Maruti Suzuki India Limited has 12 directors – Ravindra Chandra BhargavaMaheswar Sahu, and others.

Operating RevenueOver INR 500 cr
EBITDA -26.80 %
Networth 6.05 %
Debt/Equity Ratio0.01
Return on Equity8.23 %


6) Grasim Industries Ltd

Grasim Industries Ltd based in Ujjain, MP, India established in 1947. The company manufactures a wide range of products, including viscose staple fiber(VSF), cement, chemicals and textiles. Grasim Industries Ltd has 12 directors – Kumar Mangalam BirlaSantrupt Misra, and others.

Operating RevenueOver INR 500 cr
EBITDA -32.30 %
Networth 14.00 %
Debt/Equity Ratio0.09
Return on Equity2.11 %


7) UltraTech Cement Ltd

Ultratech Cement Limited is one of the biggest brands in cement industry in India. The company is based in Mumbai, Maharashtra and it was incorporated in 2000. The product ranges are Portland cement, Portland Blast Furnace Slag Cement, Portland Pozzalana Cement, White Cement, Ready Mix Concrete. Ultratech Cement Limited has ten directors – Kumar Mangalam BirlaSunil Behari Mathur, and others.

Operating RevenueOver INR 500 cr
EBITDA 26.73 %
Networth 13.20 %
Debt/Equity Ratio0.34
Return on Equity12.32 %


8) UPL Ltd

Upl Limited is incorporated in year 1985 and based in Valsad, Gujarat. UPL limited is on of the major manufacturer of agrochemicals, industrial chemicals, chemical intermediates, and specialty chemicals. Upl Limited has nine directors – Pradeep Vedprakash GoyalNaina Lal Kidwai, and others.

Operating RevenueOver INR 500 cr
EBITDA 34.44 %
Networth -2.97 %
Debt/Equity Ratio0.14
Return on Equity2.83 %


9) Asian Paints Ltd

Asian Paints Ltd is an Indian multinational paint company, headquartered in Mumbai, Maharashtra, India. The company is engaged in the business of manufacturing, selling and distribution of paints, coatings, products related to home décor, bath fittings and providing of related services. Asian Paints Limited has 13 directors – Ashwin Suryakant DaniDeepak Madhav Satwalekar, and others.

Operating RevenueOver INR 500 cr
EBITDA 2.11 %
Networth 10.40 %
Debt/Equity Ratio0.00
Return on Equity23.48 %


10) Bajaj Motors Limited

Bajaj Auto Limited is based in Pune and one of the reputed names in automotive manufacturing company. It manufactures motorcycles, scooters and auto rickshaws. Bajaj Auto is a part of the Bajaj Group. It was founded by Jamnalal Bajaj in Rajasthan in the 1940s. Bajaj Motors Limited has nine directors – Virender Pal BajajVikas Bajaj, and others.

Operating RevenueOver INR 500 cr
EBITDA -57.67 %
Networth 0.27 %
Debt/Equity Ratio0.23
Return on Equity0.27 %