One can understand the importance of the construction industry in India from the fact that it receives the second highest inflow of FDI. Only the services sector gets higher foreign investments in the country. The industry employs over 34.5 million people.
And, it contributes around 8% of the GDP to the Indian economy. Infrastructure sector is the biggest contributor of revenue to the industry with residential and commercial development contributing the rest.
However, the top 10 construction companies in India dominate over 80% of the construction industry. The industry has a valuation of over USD 128 billion. In this write-up I will tell you about the top 10 construction companies that are doing most of the work in the industry.
It is likely that you might wonder about my expertise to write on the subject. This scepticism is in line with the mindset needed for serious learning. Do not worry I will address your apprehensions in a minute.
Scope of Construction Industry in India
After graduating with a Bachelor of Technology in Material Science from one of the top engineering colleges in India, I joined one of the leading oxygen generation plant manufacturer companies in India. Working as a trainee engineer, I learned how the experts innovate and come up with new materials.
It was great learning these lessons at the start of my career. In my subsequent career moves, I simply built on the foundation painstakingly laid here. After 5 years, I moved on to a prominent brand in the infrastructure sector.
This is where 75% of the work and capital in the construction industry is present. The industry has a valuation of around USD 200 billion. Experts estimate that the share of the urban population will reach 70%-75% by 2030.
It is highly likely that around 50% of the Indian population will live in Indian cities. Over a period of 20 years, I have worked in all important sectors of the industry from highways to the residential and commercial development sectors.
My extensive experience in the domain gives me unique knowledge about the inner workings. I understand around what axis the industry evolves and moves along. With my expertise, I can analyse the strengths and weaknesses of the top 10 construction companies in India.
Top 10 Construction Companies in India
L&T Engineering & Construction
L&T Construction is only a No.1 brand in the industry but also ranks in the top 30 contractors globally. The construction and infrastructure major has built all types of commercial buildings and infrastructure projects.
They have made amazing buildings with exceptional finesse. The company has expertise in civil, mechanical, and electrical. It has executed projects in all sectors including infrastructure, real estate, airports, etc.
Tata Projects Ltd, Mumbai
Tata Projects is a premier brand in the construction industry acclaimed for delivering high quality projects. It has made its mark by completing numerous large world-class industrial and urban projects in different parts of the country.
The construction major has got expertise in all areas of the industry including building commercial buildings and airports, power generation plants, bridges, rail & metro systems, and so on.
The firm has a reputation of completing their projects always a little ahead of time. They are successfully running various projects in all parts of the country.
Shapoorji Pallonji & Co Ltd, Mumbai
SPCL is a respected business group with a history of more than 150 years. They have a significant presence in the construction industry having delivered hundreds of complex projects in India as well as abroad. Moreover, they have got 13 companies doing business across six industries.
GMR Group, Mumbai
GMR Group is a big name in the construction and infrastructure development sectors. It has successfully executed numerous projects in the country.
All of them are running with efficiency and smoothly. Moreover, the business has got projects in various countries abroad as well.
Hindustan Construction Company (HCC), Mumbai
HCC Group is one of top 10 construction companies in India, which has delivered many prestigious projects. Having delivered many landmark projects, the company has earned a reputation for seamless execution and delivery always on time.
The Group is foraying into newer businesses creating newer avenues for growth.
Afcons Infrastructure Limited, Mumbai
Afcons Infrastructure Limited is a well known name in the construction industry with a portfolio of various projects.
It now forms part of the Shapoorji Pallonji Group, which has the distinction of being the 2nd largest construction and engineering company. It is one of the leading infrastructure development companies in India.
JMC Projects Mumbai
JMC Projects has become a prestigious construction company by dint of its advanced technical expertise acquired over several decades. The company has a reputation for providing the best value to its customers.
All projects delivered by the company are working superbly. The construction major is present in all across the country and abroad as well.
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Ashoka Buildcon, Nashik
Ashoka Buildcon is India’s leading road and highway development brand. The company has got an impressive array of 36 PPP projects. No other private player in India has got so many projects.
The company manufactures bridges, highways and similar other projects. Moreover, the company also sets up power transmission and distribution on an EPC basis.
IRCON International Ltd, New Delhi
IRCON International Ltd is a public sector company that specializes in construction and engineering. Government set up the company in 1976 for developing infrastructure especially in the transport sector. The construction major has executed numerous projects for the governments.
It delivered most of the projects on time. Besides, the public sector company has got state of the art construction and infrastructure development.
K.E.C. International Ltd, Mumbai
KEC International is an international company which has become a globally recognized brand in infrastructure. Our company has installed medical oxygen plant for hospital and industrial uses in 2021 year.
The construction company has world-class technology and expertise for developing major projects in railways, civil, power transmission & distribution, smart infrastructure, renewable energy and solar.
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It is one of the top 10 construction companies in India having executed infrastructure projects in over 100 countries. Some of them are in very difficult terrain but the Engineering, Procurement and construction (EPC) finished them on time.
