Top 10 Best Indian Construction Companies in 2022
Construction businesses carry out building and infrastructure work. They make whatever is on the drawing sheets a reality by creating it for a fee agreed upon before their clients—construction corporations that construct buildings, bridges, dams, and other structures. The numerous sorts of construction companies have been explored here.
What is the definition of a construction firm?
A type of corporation, company, enterprise or similar organisation was formed to construct various buildings, developments, properties, facilities, housing, paths, pavement, roads, motorways, and other construction projects. Construction firms are established and run in various places around the world.
A construction business is not a single unit that performs a specific function; instead, it is a large-scale multitasking organisation.
Building construction (residential and non-residential), Infrastructure construction, and Industrial construction are the three types of construction industries.
There are four types of construction projects:
- Residential Building.
- Institutional and Commercial Building.
- Specialised Industrial Construction.
- Infrastructure and Heavy Construction.
Residential and non-residential (commercial/institutional) building construction are frequently separated.
The process of constructing a building or infrastructure is known as construction. Construction varies from manufacturing in that manufacturing often entails mass production of similar things without a specific consumer, whereas construction is typically done on-site for a recognised client.
Civil engineering and architecture are inextricably linked to construction. A construction business is in charge of constructing structures in both the public and private sectors. A construction company is a business, enterprise, or similar organisation founded in basic terms. It operates to build a wide range of structures, developments, houses, paths, pavement, roads, highways, and other construction projects.
India’s construction company industry
India’s construction industry is a crucial measure of progress since it generates investment opportunities in various linked industries. In 2011–12, the construction industry contributed an estimated 670,778 crores (US$ 131 billion) to the national GDP at factor cost, with an estimated 8.2 per cent share. The construction industry is fragmented, with a few major corporations active in all segments; medium-sized companies specialise in niche activities; and small and medium contractors that work as subcontractors and complete the work in the field.
In 2011, India had little more than 500 construction equipment manufacturing enterprises. The industry is labour-intensive, employing more than 49.5 million people (including indirect jobs). The building industry is seen as having a significant impact on economic growth and providing structures that improve productivity and quality of life.
Economic development is a word that economists, politicians, and others have used extensively in the twentieth century. Other terms used while discussing economic development include modernisation, westernisation, and especially industrialisation. The environment and economic development are inextricably linked. Government efforts to accomplish international economic goals such as price stability, high employment, and long-term growth include financial and economic policies, financial industry trade laws, and tax policies.
In India, the construction sector is divided into real estate and urban development. Residential, office, retail, hotels, and leisure parks are all included in the Real Estate section. Water supply, sanitation, urban transportation, schools, and healthcare are sub-segments of the urban development segment. Between April 2000 and March 2021, FDI in the construction development sector (townships, housing, built-up infrastructure, and construction development projects) and construction activities totalled $26.08 billion and $24.72 billion, respectively.
- By 2025, India’s construction market is predicted to be the third-largest in the world;
- By 2025, the construction market output is expected to rise at a rate of 7.1 per cent per year on average;
- Construction equipment sector revenue was $ 6.5 billion in 2020.
- In July 2021, cement production (weight: 5.37%) grew by 21.8 per cent over July 2020.
A 100 % In completed projects for operations and management of townships, malls/shopping complexes, and business constructions, foreign direct investment in the construction industry in India is permitted via the automatic method.
For urban facilities such as urban transportation, water supply, sewerage, and sewage treatment, the automated route allows for 100 % foreign direct investment in the construction industry.
This construction industry in India is expected to reach $1.4 Tn by 2025
- India’s construction industry got the second most significant amount of foreign direct investment (FDI) between 2000 and 2020;
- India’s construction industry market comprises 250 sub-sectors with cross-sectoral links.
- India’s real estate industry is predicted to touch $1 trillion by 2030, accounting for 13% of GDP.
- Under the NIP, India has a $1.4 trillion infrastructure investment budget, with 24% going to renewable energy, 19% to roads and highways, 16% to urban infrastructure, and 13% to railroads.
- Under the Smart Cities Mission, 2,734 out of 5956 projects have been completed.
Top 10 Best construction companies of India 2022
1. Reliance Infrastructure Ltd.
2. Larsen & Toubro Ltd.
3. Macrotech Developers Pvt Ltd (Lodha Group)
4. Punj Lloyd Ltd.
5. Sadbhav Engineering Ltd.
6. Shapoorji Pallonji & Co. Ltd.
7. Dilip Buildcon Ltd.
8. Hindustan Construction Co. Ltd.
9. NCC Ltd.
10. Simplex Infrastructures Ltd.
1. Reliance Infrastructure Ltd.
- CEO: Punit Garg
- Headquarters: Navi Mumbai
- Founded: October 1 1929
- Revenue: INR 20,972 crores
Reliance Infrastructure Limited (R-Infra), originally Reliance Energy Limited (REL) and Bombay Suburban Electric Supply (BSES), is a power generation, infrastructure, construction, and defence company based in India. The Reliance Anil Dhirubhai Ambani Group owns it. Anil Ambani, the firm’s chairman, and Punit Narendra Garg, the company’s CEO, lead the company (since April 6 2019).
Navi Mumbai is where the company’s headquarters are located. Power plants, metro rail, airports, bridges, toll highways, and defence are all areas of interest for Reliance Infrastructure. It is a critical shareholder in Reliance Power and Reliance Naval and Engineering Limited, the other group company.
Reliance Infrastructure was ranked 51st in the Fortune India 500 list for 2019, holding the top spot in the ‘Infrastructure Development’ category. Reliance Infrastructure has 56 subsidiaries, eight associate firms, and two joint ventures as of March 2018. In 2018, the company’s EPC Business division received several orders, including the 7,000 crore Versova-Bandra Sea Link project, the 3,647 crore Upper Thermal Power Project, the 1,881 crore NHAI National Highway projects in Bihar and Jharkhand, the 1,585 crore Mumbai Metro Line-4 project, the 1,081 crore Kudankulam Nuclear Power Plant Project, and others.
Initially known as Reliance Energy Limited and Bombay Suburban Electric Supply, Reliance Infrastructure Limited (top 10 construction companies in India) is an Indian private sector corporation that focuses on energy generation, infrastructure, construction, and military.
RIL is a well-known utility that operates across the power value chain, including generation, transmission, distribution, and power trading. The company increased with the completion of two 250 MW power plants at Dahanu in 1995-96.
2. Larsen & Toubro Ltd.
- CEO: S. N. Subrahmanyan
- Headquarters: Mumbai
- Founded: February 7 1938
- Revenue: INR 147,813.26 crore
Larsen & Toubro Ltd, or L&T, is a Mumbai-based Indian multinational corporation that specialises in engineering, building, manufacturing, technology, and financial services. It was founded in India by two Danish engineers who had fled to the country seeking asylum. As of 2020, the L&T Group includes 118 subsidiaries, 6 associates, 25 joint ventures, and 35 joint operations firms, with businesses in basic and heavy engineering, real estate, capital goods manufacture, information technology, and financial services.
It is one of the largest and best-known private firms in India.
3. Macrotech Developers Pvt Ltd (Lodha Group)
- Industry: Real estate & construction
- Founded: 1980
- Revenue: INR 2,534 crore
Macrotech Developers or Lodha Developers is an Indian international real estate corporation headquartered in Mumbai, India. Mangal Prabhat Lodha created it in 1980. Mumbai, Thane, Hyderabad, Pune, and London has built residential and commercial properties. Lodha Altamount, The World Towers, Lodha Bellissimo, Trump Tower Mumbai, and Lodha Park are just a few of the company’s major projects. Palava, an integrated smart city near Mumbai, is also linked to the organisation. On April 19, 2021, the company was renamed, Macrotech Developers.
It has teamed with Design Architects, Structural Consultants, Interior Design Partners, Service Partners, Financial Partners, and suppliers from the Sanitary Ware, Bathroom Fittings, Kitchens, Cement, Cables, and other industries.
4. Punj Lloyd Ltd.
- Founder: Atul Punj
- Founded: 1982
- Headquarters: Gurugram
- Revenue: INR 5,585.77 crores
- Number of employees: 7,359
Punj Lloyd Limited is Indian engineering, procurement, and construction (EPC) firm that works in the energy, infrastructure, and defence industries. It conducts business in the Middle East and Africa, Asia Pacific, South Asia, and Europe. Over 50 subsidiaries make up the firm, which has completed projects in over 60 countries. Punj Lloyd Limited is based in Gurgaon, Haryana, and its stocks trade on the Bombay Stock Exchange and the National Stock Exchange.
Atul Punj, the Punj family’s third generation, formed Punj Lloyd. In 1982, he founded Punj Sons Private Limited’s pipeline division, then renamed Punj Lloyd Engineering Private Limited in 1988.
5. Sadbhav Engineering Ltd.
- Headquarters: Ahmedabad
- Founder: Vishnubhai M. Patel
- Founded: October 3 1988
- Revenue: INR 4,974 crore
Sadbhav Engineering Limited is a civil engineering and construction firm situated in Ahmedabad, Gujarat. The company was founded in 1988 by Vishnubhai M. Patel. Sadbhav has performed projects in constructing roads and highways, bridges, mining, and irrigation infrastructure support. Two of the company’s industries are EPC contracts and BOT. Earthen dams, syphons, canal rehabilitation, and enhancement are also among the firm’s specialities.
The firm has completed projects in constructing roads and highways, bridges, mining, and irrigation infrastructure, among other things. NHAI, DMRC, Sardar Sarovar Narmada Nigam, Coal India, L&T, HCC, Punj Lloyd, and other clients were among the company’s clientele.
Since 2001, Sadbhav Engineering Ltd has been listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The company’s market value was 1,058 crore as of August 2021.
Sadbhav Engineering and its subsidiary, Sadbhav Infrastructure Project Limited (SIPL), have worked on several crucial civil engineering, road, and other infrastructure BOT projects, including:
- Ahmedabad-Dholera Expressway
- Eastern Peripheral Expressway (EPE)
- Yamunanagar Panchkula (Haryana)
- Mysore Bellary (Karnataka)
- Managuli to Devapura cross (Bijapur district and Yadagiri district)
- Delhi Metro Rail Corporation (DMRC)
- Sardar Sarovar Narmada Nigam Limited Canal Project
- Udaipur – Nathdwara Shrinath Ji tollway
- Jodhpur Ringroad
- Narmada River Main Canal
- Excavations for Vastan Mines of Gujarat Industries Power Corporation Limited (GIPCL)
- Sambalpur-Rourkela Road
- National Highway 8A from Samakhiyali to Bhachau in Gujarat
And many more
6. Shapoorji Pallonji & Co. Ltd.
- Owner: Pallonji Mistry
- Headquarters: Mumbai
- Founded: 1865
The Shapoorji Pallonji Group, or Shapoorji Pallonji is a Mumbai-based Indian corporation. It operates in various industries, including construction, real estate, textiles, engineered products, home appliances, shipping, publishing, electricity, and biotechnology.
Shapoorji Pallonji & Company Private Limited, also known as the Shapoorji Pallonji Group, is a Mumbai-based Indian conglomerate. Construction, real estate, textiles, engineered goods, shipping, publications, power, and biotechnology are operating areas. Until 2012, when he announced his retirement and the succession of his son, Shapoor Mistry, the company was led by a grandson of founder Pallonji Mistry, also named Pallonji Mistry.
“One of India’s most valuable private firms,” according to Shapoorji Pallonji. Forbes & Company Ltd. and Gokak Textiles are two listed firms in the US$2.5 billion Shapoorji Pallonji Group. When Shapoorji Pallonji bought Forbes, it was already publicly traded; there was talk in 2006 that group company Afcons Infrastructure would go public via an IPO.
The Hong Kong Bank, Grindlays Bank, Standard Chartered Bank, Reserve Bank of India building, Bombay Stock Exchange building and Taj Intercontinental are the Fort region’s business icons. Apart from that, in 1971, the firm constructed a stone palace for the Sultan of Oman. Following the 2008 Mumbai attacks, the company repaired and renovated the Taj Mahal Palace & Tower severely damaged. The Imperial in Mumbai, Jumeirah Lake Towers in Dubai, and Ebene Cyber City in Mauritius are major developments.
The success of Shapoorji Pallonji in sustainable engineering is attributable to a strong workforce of over 70,000 people who prioritise safety, led by over 400 safety advocates and inspired by the slogan “Either Safe Work or Refusal.”
7. Dilip Buildcon Ltd.
- Industries: Civil Engineering
- Company size: 201-500 employees
- Headquarters: Bhopal, MP
- Chairman & Managing Director: Dilip Suryavanshi
- Revenue: INR 29,292 million
With a presence in over 17 states, Dilip Buildcon Limited is a notable full-service infrastructure corporation with skills in roads and bridges, sewage dams, irrigation, industrial commercial, mining, water sanitation, and residential constructions. The Company’s Executive Director and Chief Executive Officer are Devendra Jain. He started working with Dilip Builders in 1995 as a recent engineering graduate. It has risen to the top 10 civil construction companies in India due to its sales surge.
8. 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 Firm Limited is an Indian construction firm that works in engineering and construction, real estate, infrastructure, urban development, and management.
It is a large-scale civil engineering and infrastructure business founded in 1926 by industrialist Seth Walchand Hirachand, works on hydel power plants, nuclear power plants, expressways and roads, tunnels, and bridges. HCC currently serves the transportation, power, and water infrastructure sectors.
The transportation, power, and water infrastructure sectors are currently served by HCC. It was the first construction firm in India to receive ISO 9001, ISO 14001, and OHSAS 18001 certifications due to its quality, environmental, and occupational health and safety management systems. Ajit Gulabchand, chairman and managing director (CMD), and Arjun Dhawan, the group’s chief executive officer, lead the company.
Lavasa, a proposed hill city in the Sahayadri Mountains, was also developed by HCC. Lavasa is a 23,000-acre estate located three hours from Mumbai and one hour from Pune. HOK International Limited, a design firm based in the United States, created the master plan for Lavasa. Dasve, Mugaon, Dhamanohol, Sakhari-Wadavali, and the Central Business District are the five towns planned for Lavasa (CBD). A permanent population of 3 lakh people is envisioned for the city. Apartments, retail, hotels, an international convention centre, educational institutions, information technology parks, biotech parks, and sports & recreation facilities are part of Lavasa City’s integrated development, which spans five municipalities.
9. NCC Ltd.
- Founder: AVS Raju
- Founded: 1978
- Headquarters: India
- Revenue: 53,9 billion SEK (2020)
NCC Limited, or Nagarjuna Construction Corporation Limited, began as a partnership in 1978 and became a limited corporation in 1990. During the preceding three decades, NCC has continuously grown. In terms of revenue, it is one of India’s most successful construction companies.
It is a civil construction firm that works in buildings, water, roads, irrigation, power, railroads, metals, and mining. It is active in the Middle East, where it is now working on roads, buildings, and water.
10. Simplex Infrastructures Ltd.
- Industries: Civil Engineering
- Company size: 1001-5000 employees
- Type: Public Company
Simplex Infrastructures Limited (SIL) is a fascinating multinational organisation involved in developing important industrial and public facilities. On December 19, 1924, H.P. Lancaster of the United Kingdom created the corporation, which was eventually taken over by the Mundra family of Kolkata upon India’s independence.
Industrial Urban Utilities Ground Engineering Power Houses & Construction SIL provides roads, railways, bridges, and marine services. In India and abroad, the organisation has a diverse geographical footprint.
Simplex has been one of India’s construction leaders for more than 90 years, completing projects with constant quality assurance, cost control, and milestone adherence in a safe environment, all while meeting customer expectations. It encourages employees and clients to share their wealth of knowledge and expertise, benefiting and assisting the construction industry and society.
With over 2600 completed projects encompassing practically every aspect of the construction sector, the Company has been closely involved with the country’s infrastructure development.
Edited and published by Ashlyn Joy