Business Magazine

The manufacturing industry has enjoyed explosive growth with output reaching record-breaking volumes in billions for decades. Although 2020 began with high hopes, the pandemic created unprecedented challenges for the manufacturing companies that continued to ripple through a recuperating economy but despite myriad challenges, the sector thrived and flourished gradually. 

Here is the list of the 10 best companies that are fueling the growth of modern India:

Onkar Kanwar Apollo Tyres

Incepted in 1972, Apollo Tyres is an international tyre manufacturer and the leading tyre brand in India. At present, the company has a total of six manufacturing units- 4 in India and 1 each in the Netherlands and Hungary. The company’s product portfolio includes the entire range of passenger cars, light trucks, SUVs, two-wheelers, agriculture, industrial, specialty bicycle, and off the road tyres, and retreading material and tyres. India’s 5th and 7th globally, is coming up in Andra Pradesh. Onkar Kanwar, the Chairman and Managing Director of Apollo Tyres, is the chief architect of the company’s vision and value-driven business strategy. 



Bajaj Auto is a multinational automotive company that manufactures motorcycles, scooters, and auto rickshaws. With more than 18 million motorcycles sold in over 70 countries, the Bajaj brand is definitely ‘The World’s Favourite Indian’. Bajaj is India’s No. 1 motorcycle exporter with two out of three bikes sold at the international level carrying a Bajaj badge. A pioneer in motorcycle technology, Bajaj Auto’s R&D is world-class with talent from all corners of the world. Niraj R. Bajaj is the Chairman of Bajaj Auto since 2021. His career spans more than 35 years. He ensures the organization is managed effectively and smoothly. 


Girish Soundararajan Barrel Motors

Founded by Girish Soundararajan, Barrel Motors started as a performance exhaust manufacturing company under the brand name Barrel Exhaust in 2014 to enhance the riding pleasure for the biking community with world-class products. Today, Barrel Motors specialises in high performing exhaust systems and accessories like racing handlebars and crash protectors for the riders. Barrel Motors is more of a lifestyle brand for bikers across the globe and calls it ‘The Barreling experience’. 



Bharat Fritz Werner is India’s leading solution provider of machine tools since 1961. It manufactures horizontal turning centres, vertical turning centres, horizontal machining centres, vertical machining centres, multi-process technologies, five axes simultaneous machines & special machines. It is led by Ravi Raghavan, the Managing Director of the company. He has specialities in setting up new manufacturing sites and using Information technology for Lean practices in Manufacturing Companies. 


Subhangi Vaidyanathan Furnicheer

Furnicheer was started by a creative perfectionist, Subhangi Vaidyanathan with a motive to ingeniously synthesize Indian design aesthetics with the modern-day demands of style and sustainability. The company first understands the needs & requirements, lifestyle, and personality of the customer, followed by taking the measurements of the space, preparing layouts, and styling furniture along with mood boards and 3D drawings. Post customer approval, the company makes engineered working drawings of the products to be made and then finally starts the production



Founded in 1947, Gansons is an esteemed company that delivers customised processing solutions for various industries like pharmaceutical, food industries, personal care, and chemical industries. It has multiple facilities across India, with headquarters in Thane, Maharashtra. The Chairman and MD, Ashis Banerjee handles the overall operations of the company. 


Naveen Jindal (Jindal Steel & Power)

Jindal Steel and Power is proclaimed as India’s fastest-growing and largest integrated steel manufacturer and is significantly present in the steel, mining, power, and infrastructure segment. Led by Naveen Jindal, the Chairman of the company, JSPL is credited for revolutionizing the process of steel making in India. Its ceaseless drive for excellence, innovative approach, and unmatched quality have enabled Jindal Steel and Power to become a trailblazer in the steel industry. It produces economical and efficient steel and power through backward and forward integration.


Hardik H Solanki Nilkanth Engineering Works

Incepted with a mission to meet the demand arising in the Construction Industry and infrastructure development, Nilkanth Engineering Works is one of the reputed manufacturers and exporters of all types of construction machineries. It is swiftly moving towards the cutting-edge advancement that provides high-quality components to add to the longevity, reliability and durability for manufacturing the best quality Concrete Batching Plants. Hardik H. Solanki, the National Sales and Marketing Director, carries on the legacy built by his father Hasmukhbhai Solanki and runs the company. 


TV Narendran Tata Steel

Tata Steel is Asia’s first integrated private steel company and is one of the world’s most geographically diversified steel producers, with operations and commercial presence across the world. With an annual crude steel capacity of 34 million tonnes per annum (MnTPA), Tata Steel is one of the few steel operations that are fully integrated – from mining to the manufacturing and marketing of finished products. T.V. Narendran, the CEO & MD of the company oversees the growth of Tata Steel. 


Sandeep Mahajan Vrisa Innovation

Vrisa Innovation with its unified aim of ‘Design to Deliver’ and to meet the increasing demand for prefabricated housing, was incepted in 2017 by Sandeep D. Mahajan. It believes in bringing novelty with sustainable methods. It also believes that modernism should flourish without hampering the environment. Therefore, every product or service i.e. Luxurious Wooden & Prefab Farm Houses, Bungalows, Resorts, and Cottages, it provides are ecofriendly and sustainable. Sandeep Mahajan, the Managing Director of the company is responsible for developing and executing business strategies, preparing and implementing comprehensive business plans, etc.


The Global Hues: 10 Best Manufacturing Companies Fueling India's Growth- Furnicheer
The Global Hues: 10 Best Manufacturing Companies Fueling India’s Growth

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