Did you know that the top 10 construction companies in India are worth over $50 billion and employ over 1 million people?
The construction industry in India is one of the largest and most important sectors of the economy, contributing over 9% to the GDP and employing over 50 million people. This growth is being driven by a number of factors, including urbanization, government investment in infrastructure, and increasing demand for commercial and residential real estate.
In 2022, the industry was valued at over $220 billion and is expected to reach $1 trillion by 2025. The top 10 construction companies in India play a vital role in the development of the country's infrastructure.
The Indian construction industry is dominated by a handful of large companies that have a strong track record of executing complex projects on time and within budget. These companies are well-equipped to handle a wide range of projects, from roads and bridges to airports and power plants.
Let’s dive deeper into the top 10 construction companies in India in 2023.
What are the top 10 construction companies in India?
Here is a list of top 10 construction companies in India as of October 2023, based on a combination of market value, projects completed, and years in the market:
These best construction companies in India are all leaders in the Indian construction industry, with a proven track record of success in completing complex and challenging projects on time and within budget. They are also at the forefront of adopting new technologies and innovative construction practices.
Larsen & Toubro Limited (L&T) is a multinational conglomerate headquartered in Mumbai, India. If not the only biggest, L&T is probably among the biggest construction companies in India and ranked among the top five construction businesses in the world. L&T has a strong presence in major Indian cities and operates globally.
L&T was founded in 1938 by two Danish engineers, Henning Holck Larsen and Soren Kristian Toubro. The company started out as a small engineering firm, but quickly expanded its operations to include construction. L&T played a key role in India's post-independence development, building some of the country's most iconic infrastructure projects, such as the Bandra-Worli Sea Link in Mumbai and the Delhi Metro making it one of the top 10 construction companies in India in our list.
Today, L&T is a diversified conglomerate with over 80 years of experience in construction, engineering, manufacturing, and technology. The company has a workforce of over 245,000 employees and operates in over 30 countries.
L&T's construction business is its largest and most profitable segment. The company has a strong track record of executing complex and challenging projects on time and within budget. L&T has built a wide range of infrastructure projects in India, including roads, bridges, airports, ports, power plants, and metro rails.
Here are some of L&T's most notable construction projects in India:
L&T is also a leading player in India's real estate market. The company develops and sells a variety of residential and commercial properties under the L&T Realty brand.
L&T is a well-respected company with a strong reputation for quality and innovation. The company is committed to sustainable development and has adopted various green building practices. L&T is also a major contributor to social welfare initiatives through its corporate social responsibility (CSR) programs.
Overall, Larsen & Toubro is one of the best construction companies in India with a strong track record of success. The company is well-positioned to continue its growth in the coming years, as India continues to invest heavily in infrastructure development.
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Tata Projects Limited (TPL) is one of the fastest growing and most admired Technology-led Engineering, Procurement and Construction (EPC) companies in India. It is a part of the Tata Group, one of India's largest and most respected conglomerates. TPL has a strong track record of executing large and complex infrastructure projects across a wide range of sectors, including:
TPL has a team of over 25,000 experienced professionals and a global presence, with operations in over 15 countries. The company is committed to sustainable development and uses innovative technologies and practices to minimize the environmental impact of its projects.
Some of TPL's marquee projects in India include:
TPL has received numerous awards and recognitions for its project delivery and commitment to safety and quality which is why it is on our list of top 10 construction companies in India. In 2023, it was awarded the "Fastest Growing Construction Company" award at the Construction World Global Awards.
TPL is a leading player in the Indian construction industry and is well-positioned to benefit from the country's growing infrastructure needs. The company's strong track record, experienced team, and commitment to innovation make it a trusted partner for clients on complex and challenging projects.
Shapoorji Pallonji Engineering & Construction (SP E&C) is a division of Shapoorji Pallonji and Company Pvt. Ltd., one of India's leading construction and real estate conglomerates. SP E&C is a leading engineering and construction company in India, with a proven track record of delivering complex and challenging projects on time, within budget, and to the highest quality standards.
SP E&C has a wide range of experience in constructing and managing a variety of projects, including:
SP E&C is known for its innovative and sustainable construction practices. The company has been a pioneer in the use of green building technologies in India, and has delivered some of the country's most iconic green buildings, such as the LEED-certified Mahatma Mandir in Gandhinagar, Gujarat.
SP E&C is also committed to safety and quality. The company has a strong safety culture and has implemented a variety of safety measures to protect its workers and the public. SP E&C is also ISO 9001:2015 certified, and its quality management system ensures that all of its projects are completed to the highest standards.
SP E&C has a strong presence across India and has executed projects in over 20 states making it one of the biggest construction companies in India. The company also has a growing international presence, with operations in Oman, Qatar, and the United Arab Emirates.
Some of the most notable projects of SP E&C include:
Here are some of the reasons why Shapoorji Pallonji Engineering & Construction is on our list of the top 10 construction companies in India:
SP E&C has played a significant role in the development of India's infrastructure and has helped to build some of the country's most iconic landmarks. The company is committed to continuing to deliver high-quality and sustainable construction projects that contribute to the development of India.
GMR Group is one of the leading infrastructure companies in India, with a diverse portfolio that includes airports, energy, highways, and urban infrastructure. The company has a strong track record of executing complex projects on time and within budget.
GMR Group has constructed some of the most iconic infrastructure projects in India, such as the Indira Gandhi International Airport (IGI) in Delhi and the Rajiv Gandhi International Airport (RGI) in Hyderabad. The company has also built several highways and power plants across the country.
GMR Group is known for its innovative approach to construction. The company has been recognized for its use of green building technologies and its focus on sustainable development.
Here is why The GMR Group is on our list of the top 10 construction companies in India because of the following factors:
Here are some of the major construction projects that GMR Group has executed:
GMR Group is also involved in several ongoing construction projects, such as the Greenfield International Airport at Mopa in Goa and the Bhogapuram International Airport in Andhra Pradesh.
GMR Group is a major player in the Indian construction industry and is expected to continue to grow in the coming years. The company is well-positioned to benefit from the government's focus on infrastructure development.
Hindustan Construction Company (HCC) is one of the top 10 construction companies in India, with a legacy of over 90 years. HCC has executed some of the country's most iconic infrastructure projects, including:
HCC is known for its expertise in a wide range of construction disciplines, including:
HCC is also committed to sustainable and responsible construction practices. The company has a number of initiatives in place to reduce its environmental impact and improve the well-being of its workers and communities.
Here are some of the reasons why HCC is considered one of the top 10 construction companies in India:
HCC is a major player in India's infrastructure sector. The company is well-positioned to capitalize on the country's growing demand for infrastructure development.
Afcons Infrastructure Limited is a leading engineering and construction company in India, with a strong presence in the marine, tunnel, and metro rail segments. It is a subsidiary of the Shapoorji Pallonji Group, one of the largest diversified conglomerates in India.
Afcons has a track record of over 60 years in the construction industry and has executed over 350 projects in over 25 countries across Asia, Africa, and the Middle East. Some of Afcon’s notable projects in India include:
Afcons is known for its expertise in complex and challenging projects, and its commitment to innovation and sustainability. It has won numerous awards for its work, including the MAKE Award for Most Admired Knowledge Enterprise and the MIKE Award for Most Innovative Knowledge Enterprise.
Afcons is a leading employer in the Indian construction industry and is committed to providing its employees with a safe and healthy work environment. It also has a strong focus on corporate social responsibility and supports various initiatives in the areas of education, healthcare, and community development.
Here are some of the factors that establish Afcons as a big name among the best construction companies in India:
Overall, Afcons is a leading construction company in India with a strong track record, expertise in key segments, and a commitment to innovation and sustainability.
J.M.C. Projects (India) Limited (JMC) is one of the leading Engineering, Procurement and Construction (EPC) companies in India with over three decades of experience in the construction industry. JMC is a part of the Kalpataru Group, a transnational conglomerate with operations in over 30 countries.
JMC has a strong track record of executing complex and challenging projects on time and within budget. The company has a wide range of experience in constructing a variety of infrastructure projects, including Highways, expressways, and bridges, railways and metros, airports, power plants, industrial and commercial buildings, residential complexes, water and wastewater treatment plants and smart city projects.
JMC is known for its commitment to quality, safety, and sustainability. The company is certified under ISO 9001:2015 (Quality Management), ISO 14001:2015 (Environmental Management), and BS OHSAS 45001:2018 (Occupational Health & Safety).
JMC has a strong team of experienced and qualified engineers and managers. The company also has a large fleet of modern construction equipment and machinery. This enables JMC to undertake and execute even the most challenging projects efficiently and effectively.
Some of JMC's notable projects include:
JMC is a leading and one of the top construction companies in India that is committed to building high-quality infrastructure that meets the needs of the country's growing economy. The company has a strong track record of executing complex and challenging projects on time and within budget. JMC is also known for its commitment to safety, quality, and sustainability.
NCC Limited is one of the top 10 construction companies in India, with a well-diversified business portfolio that includes buildings, transportation, water & environment, irrigation, electrical (T&D), railways, and mining. The company has a pan-India presence with offices across nine cities and a strong track record of completing projects on time and within budget.
NCC was founded in 1978 as a partnership firm by Padma Sri Awardee Dr. AVS Raju. It became a limited company in 1990 and was listed on the National Stock Exchange in 1992. The company has grown rapidly over the years and is now one of the largest construction companies in India, with an annual turnover of over Rs. 12,000 crores.
NCC has a strong team of experienced and qualified engineers and managers who have the expertise to handle complex and challenging projects. The company also has a state-of-the-art infrastructure and equipment, which enables it to execute projects efficiently and effectively.
Some of NCC's notable projects include:
NCC is committed to sustainable development and has adopted a number of green initiatives in its operations. The company has also received several awards and accolades for its work in the construction sector.
NCC is a leading and one of the best construction companies in India with a strong track record of success. The company has a well-diversified business portfolio, a team of experienced professionals, and a state-of-the-art infrastructure. NCC is committed to sustainable development and has received several awards and accolades for its work in the construction sector.
J Kumar Infra Projects Limited (JKIL) is a leading construction and infrastructure development company in India, providing end-to-end solutions for a wide range of projects. With over three decades of experience, JKIL has established a strong reputation for delivering high-quality, innovative, and sustainable projects across various sectors, including transportation, water and sewage, power, and real estate.
JKIL is one of the top construction companies in India, with a strong track record of delivering complex and challenging projects on time and within budget. The company has a team of experienced and qualified professionals who are committed to providing the best possible service to its clients.
JKIL has a number of unique strengths that make it stand out from other construction companies in India. These include:
JKIL has executed a number of landmark projects in India, including:
JKIL is a leading construction company in India with a strong track record of delivering high-quality, innovative, and sustainable projects. The company is committed to providing its clients with exceptional service and value.
Ashoka Buildcon Limited (ABL) is a Fortune India 500 company. It is known as one of the leading highway developers in India which is why it is on our list of top 10 construction companies in India. It is an integrated EPC, BOT, and HAM player. The company was founded in 1976 and has a strong track record of executing complex infrastructure projects on time and within budget.
ABL has a portfolio of over 300 projects completed or under execution, including highways, bridges, power transmission and distribution lines, and irrigation projects. The company has a strong presence in India, with projects in over 20 states. It also has international operations in Nepal and Bangladesh.
ABL is known for its innovative approach to construction and its commitment to quality and safety. The company has a team of experienced and qualified engineers and technicians who are experts in their respective fields. ABL also uses the latest technologies and equipment to ensure that its projects are completed to the highest standards.
Some of ABL's notable projects include:
ABL has won numerous awards for its excellence in construction, including the Landmark Bridge Project of the Year Award, the Outstanding Contribution in Roads & Highways Award, and the Best Company in Roads & Highways Award.
Here are some of the reasons why Ashoka Buildcon Limited is considered a top construction company in India:
Overall, Ashoka Buildcon Limited is a leading construction company in India with a strong track record, integrated capabilities, wide range of expertise, and strong presence. The company is known for its innovative approach and commitment to quality and safety.
These top 10 construction companies in India have a proven track record of success in delivering complex and challenging projects on time and within budget. They have a strong presence across all major sectors of the construction industry, including infrastructure, residential, commercial, and industrial.
Looking to the future, the Indian construction industry is poised for continued growth. The government is committed to investing in infrastructure development, and the private sector is also increasing its investment in the sector. This growth will create opportunities for both domestic and foreign construction companies.
The adoption of new technologies, such as artificial intelligence, building information modelling, and robotics, is expected to transform the construction industry in India. These technologies can help to improve efficiency, productivity, and safety.
Sustainability is becoming increasingly important to the construction industry in India. There is a growing demand for green buildings and infrastructure projects that minimize their environmental impact.
The Indian government is promoting the use of local materials and labour in the construction sector. This is expected to boost the domestic construction industry and create jobs.
The future of the construction industry in India is bright. These top 10 construction companies in India are well-positioned to capitalize on the growth of the Indian construction industry.
The no 1 construction company in India is Larsen & Toubro (L&T). It is a multinational conglomerate engaged in engineering, construction, manufacturing, and financial services.
Some of the most famous construction companies in India are Larsen & Toubro (L&T), Tata Projects, Shampoorji Pallonji Group and Hindustan Construction Company (HCC).
The top most construction company in India as per current market is Larsen & Toubro (L&T).
The top 10 construction companies in India are:
The big four construction companies in India are:
These companies are the largest and most experienced construction companies in India, and they have a proven track record of success in delivering complex and challenging projects.
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