Introduction: India’s Top 10 Construction Companies
India’s construction sector, the country’s largest industry, stands as its second-largest employer after agriculture. Projections suggest a gradual growth trajectory over the next four quarters, with an estimated Compound Annual Growth Rate (CAGR) of 11.7% from 2023 to 2025. Anticipated building production by 2025 is expected to reach an impressive US$ 842,535.2 million. In this article, we delve into the rankings and profiles of the top 10 construction companies in India for 2023.
Reliance Infrastructure Ltd
- CEO: Punit Garg
- Headquarters: Navi Mumbai
- Founded: October 1, 1929
- Revenue: INR 20,972 crores Reliance Infrastructure Limited, formerly Reliance Energy Limited, is a prominent private sector company specializing in electricity generation, infrastructure, construction, and defense. A key player in India’s power value chain, the company has seen substantial growth since its inception.
Larsen & Toubro Ltd.
- CEO: S. N. Subrahmanyan
- Headquarters: Mumbai
- Founded: February 7, 1938
- Revenue: INR 147,813.26 crore Larsen & Toubro Ltd., a multinational corporation based in Mumbai, boasts interests in engineering, building, manufacturing, technology, and financial services. Founded by Danish engineers, the company is recognized as one of India’s largest and most reputable private enterprises.
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Macrotech Developers Pvt Ltd (Lodha Group)
- Industry: Real estate & construction
- Founded: 1980
- Revenue: INR 2,534 crore Formerly known as Lodha Developers, Macrotech Developers is a Mumbai-based real estate firm founded by Mangal Prabhat Lodha in 1980. The company collaborates with various partners, including Design Architects, Structural Consultants, and Financial Partners.
Punj Lloyd Ltd.
- Founder: Atul Punj
- Founded: 1982
- Headquarters: Gurugram
- Revenue: INR 5,585.77 crores Punj Lloyd is an engineering, procurement, and construction company with a focus on energy, infrastructure, and defense. Operating globally, it was founded by Atul Punj in 1982, evolving from a pipeline division to a diversified industry player.
Sadbhav Engineering Ltd.
- Headquarters: Ahmedabad
- Founder: Vishnubhai M. Patel
- Founded: October 3, 1988
- Revenue: INR 4,974 crore Sadbhav Engineering, based in Ahmedabad, specializes in civil engineering and construction. Established by Vishnubhai M. Patel in 1988, the company excels in road and highway construction, bridge construction, mining, and irrigation infrastructure.
Shapoorji Pallonji & Co. Ltd.
- Owner: Pallonji Mistry
- Headquarters: Mumbai
- Founded: 1865 Shapoorji Pallonji, a Mumbai-based corporation, operates in diverse sectors such as construction, real estate, textiles, and more. With a workforce of over 70,000, the company prioritizes safety and sustainable engineering practices.
Dilip Buildcon Ltd.
- Industries: Civil Engineering
- Company size: 201-500 employees
- Headquarters: Bhopal, MP
- Chairman & Managing Director: Dilip Suryavanshi
- Revenue: INR 29,292 million (YoY Growth: 16.76%) Dilip Buildcon Limited, based in Bhopal, is a significant infrastructure business with expertise in roads, bridges, dams, and residential constructions. With a strong presence in 17 states, it has achieved substantial growth in recent years.
Hindustan Construction Co. Ltd.
- Founder: Walchand Hirachand
- Founded: January 27, 1926
- Headquarters: Mumbai
- Number of employees: 1,900
- Revenue: INR 81.50 billion Hindustan Construction Co. Ltd. (HCC) is an extensive construction company involved in hydel power plants, nuclear power plants, expressways, roads, tunnels, and bridges. Established in 1926, it remains a key player in India’s civil engineering and infrastructure sectors.
NCC Ltd.
- Founder: AVS Raju
- Founded: 1978
- Headquarters: India
- Revenue: 53.9 billion SEK (2020) NCC Limited, formerly Nagarjuna Construction Company Limited, has steadily grown since its inception in 1978. Operating in various construction domains, it is considered one of India’s top construction firms, with a notable international presence.
Simplex Infrastructures Ltd.
- Industries: Civil Engineering
- Company size: 1001-5000 employees
- Type: Public Company Simplex Infrastructures Limited (SIL), established in 1924, is an international company engaged in major industrial and public infrastructure development. Acquired by the Mundra family after India gained independence, SIL offers a wide range of services in construction and development.
Conclusion: Exploring the top 10 construction companies in India provides valuable insights into the dynamic growth and diversity within the country’s construction sector. As the industry continues to evolve, these companies play pivotal roles in shaping India’s infrastructure landscape.
