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Top 10 Manufacturing Companies in India 2022

Here we can see the list of Top 10 Manufacturing companies in India in the year 2021 before that take a short look at Manufacturing Industry. India is expected to become the fifth largest manufacturing country in the world by the end of year 2020.

The total Size of Manufacturing Industry in India stood at Rs 30,52,500‬ Crore in the year 2020 which is 18% of GDP.

List of Top 10 Manufacturing Companies in India 2020

So this is the List of Top 10 Manufacturing companies in India which are sorted out in Descending Order. The list was based on sales in 2020.


UPL is engaged in the business of agrochemicals, industrial chemicals, chemical intermediates, specialty chemicals and production and sale of field crops and vegetable seeds.

  • Revenue: Rs 33,140 Cr
  • Market Cap:  27,758 Cr.
  • ROE: 14.87 %
  • Sales Growth (3Yrs): 15.84 %
  • Promoter holding27.88 %
  • Debt to equity: 2.12
  • Price to book value: 1.92

The 5th Largest agrochemical company in the world, after the acquisition of Arysta LifeScience, UPL is a global leader in global food systems. With a revenue of US$3.14 billion, UPL is now present in 130+ countries.

UltraTech Cement Ltd

UltraTech Cement Ltd. is the largest manufacturer of grey cement, Ready Mix Concrete (RMC) and white cement in India. It is also one of the leading cement producers globally.  Ultra tech is the subsidiary of Grasim Industries which is owned by Aditya Birla Group.

Its operations span across India, UAE, Bahrain, Bangladesh and Sri Lanka.

  • Revenue: Rs 42,284 Cr
  • Market Cap:  102,002 Cr.
  • ROE: 8.58 %
  • Sales Growth (3Yrs): 14.12 %
  • Promoter holding: 59.70 %
  • Debt to equity: 0.70
  • Price to book value: 2.90

The company has a consolidated capacity of 102.75 Million Tonnes Per Annum (MTPA) of grey cement. UltraTech Cement has 20 integrated plants, 1 clinkerisation plant, 26 grinding units, and 7 bulk terminals. It is the leading cement companies in India.

Also Read  ACC Limited | Company Profile

Motherson Sumi Systems Ltd

Motherson Sumi Systems Limited (MSSL), the flagship company of the Motherson Group was established in 1986 in a joint partnership with Sumitomo Wiring Systems, Japan.

  • Revenue: Rs 65,547 Cr
  • Market Cap:  27,411 Cr.
  • ROE: 15.42 %
  • Sales Growth (3Yrs): 19.51 %
  • Promoter holding: 61.73 %
  • Debt to equity: 1.13
  • Price to book value: 2.49

Its broad business portfolio includes wiring harnesses, mirrors for passenger cars, injection-molded products, modules including dashboards, door trims, bumpers, blow-molded components, liquid silicone rubber molded components, injection molding tools, extruded rubber products, precision machined metal components and waste recycling systems.

MSSL including its subsidiaries and JVs is one of the leading manufacturers of automotive wiring harnesses, mirrors for passenger cars and a leading supplier of plastic components and modules to the automotive industry.

JSW Steel Ltd

Starting with a single plant in 1982, now JSW Steel is India’s leading manufacturer of value-added and high-grade steel products. The Company has plants in Karnataka, Tamil Nadu, and Maharashtra.

JSW Steel is a flagship company of the JSW Group and the second-largest steel companies of India. The Company has a steel making capacity of 18 MnTPA . Ranked 7 th amongst Top 34 World Class Steelmakers by World Steel Dynamics. It has a large scale presence in both India and international.

  • Revenue: Rs 77,807 Cr.
  • Market Cap:  42,857 Cr.
  • Total Capacity: 18 MnTPA .
  • ROE: 24.22 %
  • Sales Growth (3Yrs): 26.83 %
  • Promoter holding: 42.71 %
  • Debt to equity: 1.12
  • Price to book value: 1.16

JSW Steel Coated Products Limited is India’s leading manufacturer and exporter of coated steel with a capacity of 1.8 MTPA. 100% subsidiary of its parent company JSW Steel Ltd.

Also Read  UltraTech Cement Ltd | Subsidiary

Grasim Industries Ltd

Incorporated in 1947, Grasim Industries Limited is a flagship company of the Aditya Birla Group. It started as a textile manufacturer in India in 1947. Today, it is a leading global player in VSF and the largest chemicals (Chlor-Alkali-s) player in India.

It is also the largest cement producer through its subsidiaries UltraTech Cement.

  • Revenue: Rs 78,689 Cr.
  • Market Cap:  35,886 Cr.
  • ROE: 5.39 %
  • Sales Growth (3Yrs): 28.38 %
  • Promoter holding: 40.11 %
  • Debt to equity: 1.31
  • Price to book value: 0.63

Grasim Industries Limited is the Diversified Company Have Presence in Cement, Textiles, Fiber, VSF, Chemicals. The company is one of the Top Manufacturing Companies in India

Maruti Suzuki India Ltd

The Profile of Maruti Suzuki India Ltd is given in the article Top 10 car companies in India.

  • Revenue: Rs 78,926 Cr
  • Market Cap:  166,295 Cr.
  • ROE: 13.32 %
  • Sales Growth (3Yrs): 14.33 %
  • Promoter holding: 56.21 %
  • Debt to equity: 0.01
  • Price to book value: 3.56

Mahindra & Mahindra Ltd

The Profile of Mahindra is given in the article Top Truck companies in India.

  • Revenue: Rs 102,156 Cr
  • Market Cap:  45,153 Cr.
  • ROE: 13.47 %
  • Promoter holding: 18.90 %
  • Debt to equity: 1.56
  • Price to book value: 1.10

Hindalco Industries Ltd

Hindalco Industries Limited, metals flagship company of the Aditya Birla Group, is the industry leader in aluminium and copper.

With a consolidated turnover of US$18.7 billion, Hindalco is the world’s largest aluminum rolling company and one of Asia’s biggest producers of primary aluminum.

  • Revenue: Rs 122,572 Cr
  • Market Cap:  27,888 Cr.
  • ROE: 9.86 %
  • Sales Growth (3Yrs): 9.75 %
  • Promoter holding: 34.65 %
  • Debt to equity: 0.97
  • Price to book value: 0.49
Also Read  Ambuja Cements Ltd | Cement Plants | Owner

Today, Hindalco ranks among the global aluminium majors as an integrated producer and a footprint in 10 countries outside India.

The Birla Copper unit produces copper cathodes and continuous cast copper rods, along with other by-products, including gold, silver, and DAP fertilizers. It is India’s largest private producer of gold.

Tata Steel Limited

Tata Steel was established in India as Asia’s first integrated private steel company in 1907 Owned by Tata Group. The companies crude steel capacity across Indian operations is nearly 19 MnTPA.

  • Total Capacity: 34 MnTPA.
  • Capacity in India: 19.4 MnTPA
  • Capacity Overseas: 14.6 MnTPA

Tata Steel is the second-largest steel producer in Europe with a crude steel production capacity of over 12.1 MnTPA. It is the largest steel companies in India. Tata Steel acquired Bhushan Steel Limited in the year 18-19.

  • Revenue: Rs 148,471 Cr
  • Market Cap:  31,833 Cr.
  • ROE: 15.53 %
  • Sales Growth (3Yrs): 15.64 %
  • Promoter holding: 33.12 %
  • Debt to equity: 1.41
  • Price to book value: 0.44

Tata Steel group acquired the steel business of Usha Martin Limited through one of its subsidiaries. Tata Steel has manufacturing units at Jamshedpur, Jharkhand and Kalinganagar, Odisha with production capacities of 10 MnTPA and 3 MnTPA, respectively.

In Financial Year 2018-19, the Company initiated a 5 MnTPA expansion project at Kalinganagar to enhance its cumulative capacity to 8 MnTPA.

Tata Motors Ltd

Tata Motors is largest Manufacturing company in India based on Turnover.

Read More about Tata Motors

  • Revenue: Rs 284,997 Cr.
  • Market Cap:  25,574 Cr.
  • ROE: -1.80 %
  • Promoter holding: 42.39 %
  • Debt to equity: 1.83
  • Price to book value: 0.45
Raveendran R
Raveendran R
Editor @ Indiancompaies.in


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