With over 27.3 million workers and 17.7% of the nation’s GDP, the manufacturing sector plays a significant role in the Indian economy. By 2025, the Indian government hopes to have 25% of the economy’s output from manufacturing through the implementation of various programs and policies. The continuous shift towards more automated and process-driven manufacturing in India has increased demand for high-quality equipment and machinery. Due to its favorable policy initiatives and large pool of skilled labor, Maharashtra has become the country’s manufacturing hub. There are many pharmaceuticals, textiles, and luxury brands that manufacture in Mumbai. Here is a list of Maharashtra’s top 10 manufacturing companies so as to help you find the best company for your manufacturing needs.
Asian Paints Ltd.
Asian Paints Ltd is an Indian multinational corporation with headquarters in Mumbai, Maharashtra. Incorporated on 24 October 1945, it is among the top ten manufacturing companies in Mumbai. It produces decorative paints, varnishes, enamels, and black and synthetic resins. As of today, Asian Paints Limited is operated by 13 directors – Ashwin Suryakant Dani, Deepak Madhav Satwalekar, and others.
| CIN | L24220MH1945PLC004598 |
| Revenue | Over INR 500 cr |
| Net Worth | ^ 10.40 % |
Hindustan Unilever Ltd.
HUL was founded as Lever Brothers in 1933. In terms of manufacturing, it is one of the top 10 companies in Mumbai. Hindustan Unilever Ltd is headquartered in Mumbai, India and is a subsidiary of a Dutch-British company, Unilever. The company’s products include foods, beverages, cleaning agents, personal care items, water purifiers, and other fast-moving consumer goods. In total, Hindustan Unilever Limited consists of ten directors – Nitin Keshav Paranjpe, Kalpana Jaisingh Morparia, and others.
| CIN | L15140MH1933PLC002030 |
| Revenue | Over INR 500 cr |
| Net Worth | ^ 2.80 % |
Mahindra & Mahindra Ltd.
Mahindra And Mahindra Limited is a listed public company founded on 02 October 1945. The company is a public limited company based in Mumbai, Maharashtra and manufactures two-wheelers, commercial vehicles, and automobiles. It is a multinational corporation engaged in the manufacture of automobiles. Currently, Mahindra And Mahindra Limited is known to have 12 directors – Anand Gopal Mahindra, Haigreve Khaitan, and others.
| CIN | L65990MH1945PLC004558 |
| Revenue | Over INR 500 cr |
| Net Worth | ^ 12.92 % |
Reliance Industries Ltd.
Reliance Industries Ltd was founded by Dhirubhai Ambani in 1966. Its headquarters are located in Mumbai, Maharashtra. Reliance Industries Ltd operates as an Indian multinational conglomerate. It owns businesses in the fields of energy, petrochemicals, textiles, natural resources, retail, and telecommunications throughout India. At Reliance Industries Limited, there are 12 directors including Nikhil Rasiklal Meswani, Hital Rasiklal Meswani, and others.
| CIN | L17110MH1973PLC019786 |
| Revenue | Over INR 500 cr |
| Net Worth | ^ 11.75 % |
Glenmark Pharmaceuticals
Glenmark Pharmaceuticals Ltd. was established in 1977 by Gracias Saldanha. A leading pharmaceutical company headquartered in Mumbai, India. The company’s product line includes vaccines and medicines. Initially, a number of the company’s products were sold in Russia, India, and Africa. Some of the proceeds from the company’s IPO in 1999 were used to build its first research facility. There are 11 directors at Glenmark Pharmaceuticals Limited including Blanche Saldanha Elizabeth, Rajesh Vasudeo Desai, and others.
| CIN | L24299MH1977PLC019982 |
| Revenue | Over INR 500 cr |
| Net Worth | ^ 13.03 % |
Ceat Ltd
Ceat Ltd was founded in 1958 and has its headquarters in Worli, Mumbai, India. It is the flagship of RPG Enterprises and manufactures tyres for all types of vehicles. The company is ranked among the top ten manufacturing companies in Mumbai. There are 11 directors of Ceat Limited including Atul Champaklal Choksey, Haigreve Khaitan, and others.
| CIN | L25100MH1958PLC011041 |
| Revenue | Over INR 500 cr |
| Net Worth | -0.46 % |
ACC Ltd
ACC Ltd was established in 1936 with its headquarters in Mumbai, India. The company is ranked among the top 10 manufacturing companies in Mumbai. In addition, it is the largest cement producer in the country. There are eight directors of Acc Limited including Nitin Chandrashanker Shukla, Ameera Sushil Shah, and others.
| CIN | L26940MH1936PLC002515 |
| Revenue | Over INR 500 cr |
| Net Worth | 12.38 % |
Hawkins Cookers Limited
Hawkins Cookers Limited is a listed public company founded on 25 February 1959. Located in Mumbai, Maharashtra, it is classified as a public limited company. A Hawkins pressure cooker has been listed by Underwriters Laboratories, USA, which is an independent organization that tests products for safety and performance. The company has been recognized for its ongoing commitment to quality and product innovation. There are ten directors of Hawkins Cookers Limited including Ravi Kant, Murli Aildas Teckchandani, and others.
| CIN | L28997MH1959PLC011304 |
| Revenue | Over INR 500 |
| Net Worth | 17.74 % |
Larsen & Toubro Ltd
Larsen And Toubro Limited is a listed public company founded on 07 February 1946. It is a public limited company headquartered in Mumbai, Maharashtra. A wide range of products are offered by the company, including Heavy Equipment, Electrical Equipment, Power, and Shipbuilding. There are 18 directors at Larsen And Toubro Limited including Anilkumar Manibhai Naik, Preetha Reddy, and others.
| CIN | L99999MH1946PLC004768 |
| Revenue | Over INR 500 cr |
| Net Worth | 11.09 % |
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For further detailed information on any of the above mentioned companies, it’s better to explore the respective company pages on our website. Click here to know more.
