Bhopal, the capital city in Madhya Pradesh, has evolved into a major centre for economic and industrial operations in Central India. Through the years, Bhopal has become home to a variety of top businesses in various industries, ranging from heavy engineering to pharmaceuticals and IT services. This article will present the top 10 businesses in Bhopal in terms of revenues, strength of staff, and IPO status, showcasing Bhopal’s diverse industrial landscape.
Bharat Heavy Electricals Limited (BHEL)
- Industry: After
- Strength of the Employee: BHEL employs over 30,000 individuals across its different divisions, including its huge manufacturing plant in Bhopal.
- Earnings: BHEL reported revenues of about Rs20,211 crore during FY 2023.
- Status of the IPO BHEL has been listed publicly on both the NSE and BSE
BHEL is a mighty powerhouse within India’s energy infrastructure, and its headquarters is located in Bhopal. It is known for its massive electrical machinery, such as generators, turbines, and transformers. BHEL has a significant function in India’s power generation industry. Its massive workforce and impressive profits make it among the most well-known companies in Bhopal. BHEL has been around for a long time on the stock exchange, with its listing at both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), and is a major participant in India’s IPO market.
Lupin Ltd.
- Industry: Pharmaceuticals
- The strength of the employees: Lupin has employed around 18,000 employees across the globe, with a large footprint in Bhopal.
- Revenue: Lupin’s earnings in FY 2023 were about 16,000 crore.
- IPO Status: Wholesale
Lupin Ltd., one of India’s top pharmaceutical companies, has a strong footprint in Bhopal. Specializing in generic and brand medications, Lupin has expanded its global reach with operations across more than 100 countries. Lupin’s dedication to research and development has increased its profits, putting it among the top performers in the pharmaceutical industry. Lupin’s inclusion on stock exchanges increases its market share.
Dainik Bhaskar Group
- Industry: Media (Newspaper and Digital)
- Employee Strength The Dainik Bhaskar Group has over 4000 employees.
- Revenue: The company’s profits are estimated at around the amount of Rs2,200 crore per annum.
- IPO Status: It’s publicly traded
Dainik Bhaskar Group, one of the biggest media companies in India, is based in Bhopal. It is known for its wide coverage of print, digital radio and print media and has since become known as a household face across Indian media. The group’s influence is widespread, coupled with a substantial profit and strength of its employees, making it a major company in Bhopal’s business landscape. It also has a public trading, which further enhances its standing on its position in the IPO market.
Dilip Buildcon Ltd.
- Industry: Infrastructure and Construction
- Strength of Employees: Dilip Buildcon employs over 24,000 employees(
- Revenue The company posted revenues of close to Rs12,000 crore in the fiscal year 2023.
- Status of IPO: Publicly listed in BSE and NSE. NSE, as well as the BSE(
Dilip Buildcon Ltd. (DBL) is a renowned infrastructure firm based in Bhopal that is well-known for its involvement in bridges, road construction, and urban growth. DBL has completed more than 100 major construction projects across India and has earned its place among the best construction companies. The company’s outstanding workforce and its revenue generation make DBL a prominent company in the construction industry. DBL is included in the NSE as well as BSE.
Netlink Software
- Industry: IT Services & Software
- Strength of the Employee 5K+ employees
- Earnings of Rs 800 million (FY 2023)
- IPO Situation: privately-held
Netlink Software is a rising IT service provider located in Bhopal which provides consultancy, software development along with outsourcing options. With clients throughout North America, Europe, and Asia, Netlink has made notable strides across the IT market. While it is privately-held the company’s growth rate and its expanding employees make it a firm to keep an eye on over the next years.
Tractors and Farm Equipment Ltd. (TAFE)
- Industry: Automobile (Tractor Manufacturing)
- The Employee Strength 3500 employees
- Earnings in the amount of R10,000 crore (FY 2023)
- IPO Status Publicly listed
TAFE is one of the largest manufacturers of tractors in the world and is present in Bhopal. It manufactures a diverse assortment of tractors with various brands and plays an important role in the farming sector. With significant revenues and a strong employee capacity, TAFE has cemented its place as a major actor in Bhopal’s industry ecosystem.
HEG Ltd.
- Industry: Graphite Electrode Manufacturing
- Employee Strength 2000 employees
- Earnings: Rs 5,500 million (FY 2023)
- IPO Status: The company is listed publicly
HEG Ltd., based in Bhopal, is one of the leading producers of graphite electrodes used in steel manufacturing. The company’s worldwide presence, exporting to more than 30 countries, underscores its significant role in the steel industry. Its profits, employees, and solid market share make it one of the most reputable companies in Bhopal.
Makson Group of Companies
- Industry: Real Estate and Infrastructure
- Employee Strength: 1000+ employees
- Earnings of Rs 500 million (FY 2023)
- IPO Situation: privately-held
Makson Group of Companies is a well-known real property developer in Bhopal well-known for its commercial and residential projects. Although the company is privately owned, however, their contribution to the city’s real-estate expansion and development of infrastructure is substantial.
Top ‘n Town
- Industry: Dairy & Ice Cream
- Employee Strength: Over 1,000 employees
- Revenue: Approx. ₹500 crore annually
- Headquarters: Bhopal, Madhya Pradesh
Top ‘n Town is one of the most popular ice cream brands in Central India. Established in 1969 and headquartered in Bhopal, it has a wide distribution network of over 28,000 retail outlets across eight states. The brand’s massive growth and expansion into related sectors make it a well-known name in the region.
2. Agrawal Construction Co.
- Industry: Real Estate & Construction
- Employee Strength: 500+
- Revenue: Around ₹1,000 crore annually
- Headquarters: Bhopal, Madhya Pradesh
Founded in 1987, Agrawal Construction Co. has become a leader in Bhopal’s real estate market. The company has completed over 39 projects, focusing on affordable and luxury residential properties in prime locations across the city(Agrawal Construction Co).
Vardhman Fabrics (Ludhiana Group)
- Industry: Textiles
- Ten Thousand Employees: Strength of the Employee
- Earnings of Rs.6,000 crore (FY 2023)
- IPO Status: Listed publicly
Vardhman Fabrics, part of the Ludhiana-based Vardhman Group, has an important textile manufacturing facility located in Bhopal. The company makes high-quality yarns and fabrics, which contribute to the exports of Indian textiles. The company’s huge workforce and strong financial performance make it an important actor in the sector.
Conclusion
The Bhopal industrial landscape is varied and includes businesses from different industries like pharmaceuticals, heavy engineering, IT services, real estate and Hospitality. These leading companies do not just contribute to Bhopal’s economy. But they also offer a variety of employment opportunities. As these businesses continue to expand, Bhopal is poised for more economic and industrial growth over the next few years.
FAQs
- What industries are major in Bhopal’s economy?
- The Bhopal economy is driven by industries like media, engineering, pharmaceuticals, construction, as well as IT services.
- Which is the company with the largest workforce in Bhopal?
- Bharat Heavy Electricals Limited (BHEL) is the company with the biggest number of employees, with more than thirty thousand employees.
- How can Bhopal help the Indian IPO market?
- Some Bhopal-based businesses like BHEL, Dilip Buildcon, and HEG Ltd. are publicly listed, which contributes to India’s IPO market.
- Are there any planned IPOs within Bhopal?
- Although most large companies are listed as already privately owned, companies like Netlink Software could consider IPOs soon.
- What are the growth potential industries in Bhopal?
- Pharmaceuticals, IT services, and infrastructure construction are predicted to witness the growth of Bhopal.
Author: Abhinesh Rai
Abhinesh Rai is an AI enthusiast who leverages the latest AI tools to enhance user experiences and drive growth. A thought leader in the field, he shares valuable insights and strategies for harnessing AI's potential across various industries.
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