While the Kumbh Mela occurs in Prayag, it is also celebrated in Nashik, Maharashtra, every twelve years. Nashik has transformed into one of the largest industrial centres, with a proliferation of Manufacturing Companies in Nashik in the area over the last few decades. Located along the banks of the Godavari River, it constitutes the largest urban area in northern Maharashtra. It is sometimes called the “wine capital of India” because more than fifty per cent of the country’s vineyards and wineries are located here.
The city is excellently connected via air, rail, and road transport. Within and in the vicinity of Nashik, there are two railway stations: Deolali Station and Nashik Road Railway Station. It features a domestic airport in Ozar, linking to major Indian cities such as Ahmedabad, Bangalore, Delhi, Pune, Hyderabad, and Belgaum.
Nashik’s Business Environment
Nashik mainly involves all the industrial activities, including manufacturing, agriculture, and service offerings. Cities are much more attractive for job opportunities besides entrepreneurship because it has a number of small and large-sized business organisations. The economic sector is developing very dynamically from vineyards to the industrial plants and IT companies, thus making the place of interest for entrepreneurs’ visits.
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Top Manufacturing Companies in Nashik
The zone of Igatpuri-Nashik-Sinnar is essential for investment in the Delhi Mumbai Industrial Corridor Project. As a result, there are many Manufacturing Companies in Nashik. The proposed new industrial areas are Sinnar, Malegaon, and Rajur. The current industrial areas in the Nashik district include Satpur, Sinnar, Igatpuri, Ambad, Dindori, and Vinchur.
Some of the major Manufacturing Companies in Nashik are as follows:
1. Mahindra & Mahindra
On October 2, 1945, Mahindra and Mahindra was established as “Mahindra and Mohammed” by brothers JC and KC Mahindra along with Ghulam Mohammed. At that time, M&M dealt in steel trading. After the partition in 1948, Ghulam Mohammed relocated to Pakistan and took on the role of the country’s inaugural Finance Minister. Der Name Mahindra and Mohammed wurde in Mahindra and Mahindra geändert.
M&M has grown into 22 key industries over time, ranging from aerostructures to farm equipment. Production facilities operated by Mahindra and Mahindra are located in Zaheerabad, Nagpur, Rudrapur, Nashik, Jaipur, and Mumbai.
- Industry: Automobile, Auto Ancillaries, Electric Vehicle & Dealers
- Company Type: India’s Top 500
- Location: Satpur Colony, Nashik-422007
- Incorporated in: 1945
2. Siemens
Siemens is an Indian technology company operating its businesses in the field of industry, infrastructure, digital transformation, transport, and electrical power generation and transmission. Siemens has been in India since 1867. Siemens operates in fields like energy, smart infrastructure, digital industries, and mobility; it provides technologies and solutions for automation, digitalization, power generation, and much more.
- Industry: Power, Green Energy
- Company Type: MNC
- Location: Ambad, Nashik – 422010
- Incorporated in: 1867
3. GlaxoSmithKline
GlaxoSmithKline (GSK) is one of the world’s leading companies in General Medicines, Vaccines, and Specialty Medicines that enhance the quality of life for patients around the world. Under General Medicines, GSK has achieved success in a few therapeutic areas, such as anti-infectives, pain management, dermatology, and vitamins, in meeting the differentiated health care needs of millions of people. The company’s Specialty Medicines division, which leads the development of advanced solutions for patients with respiratory conditions like asthma and chronic obstructive pulmonary disease (COPD), is an example of its commitment to innovation.
GSK’s commitment to top-tier pharmaceutical manufacturing is evident through its Indian Nashik facility. The facility provides for significant production of a wide assortment of pharmaceutical products, including tablets, creams, ointments, and high-quality, stringent quality and safety standards, which the products must meet. Due to the vast range of medical needs that the product portfolio will cover – everyday health issues to chronic conditions – the availability of drugs will be extensive and effective.
- Industry: Pharmaceuticals, Labs
- Company Type: India’s Top 500
- Location: MIDC Ambad, Nashik – 422010,
- Established in: 1984
4. ABB India
The ABB India Nashik facility is one such example that marks the best manufacturing and technological sophistication. Over five acres in space, the power distribution sector now has its much-needed future-smart manufacturing setup. Real-time data connectivity and seamless monitoring are some of its key attributes toward optimizing the process of production. This integration not only enhances operational efficiency but also ensures the delivery of high-quality products that meet global standards.
It manufactures critical power distribution products such as medium-voltage vacuum interrupters, circuit breakers, and switchgear that form the backbone of reliable power supply and safety for industries and infrastructure projects. Advanced automation and Industry 4.0 methods are implemented at ABB India’s Nashik plant for smoother production with less downtime and less environmental impact.
- Industry: Electrical, Electronics, Batteries, Power, Green Energy
- Company Type: India’s Top 500
- Location: Satpur Colony, Nashik – 422007
- Founded in: 1978
5. Bosch
Bosch in India has emerged as a leading supplier of technology and services in the areas of Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. Bosch operates the largest development centre in India , which offers comprehensive engineering and technology solutions.
- Industry: Technology and services
- Company Type: Private (GmbH)
- Location: MIDC, Satpur Colony, Nashik – 422007
- Year of Establishment: 1886
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6. TDK India
TDK India Private Limited is a subsidiary of TDK Electronics, earlier known as EPCOS, which develops, manufactures, and markets electronic components and systems. They concentrate strategically on technology markets that include automotive, industrial electronics, consumer electronics, and information and communications technology. TDK India today boasts a robust business exceeding 800 Crore, employing nearly 2250 individuals across three manufacturing facilities and five sales offices nationwide, supported by an extensive dealer network.
- Industry: Electronics Manufacturer
- Company Type: Private Limited, Forbes Global 2000
- Location: Satpur Colony, Nashik – 422007
- Founded in: 1976
7. Jindal SAW
With a total worth of 18 billion US dollars, Jindal SAW operates as a subsidiary of the O.P. conglomerate. Jindal Group, rank amongst the majors Indian industry houses and the leading indigenous steel producers/exporters. It commenced operations in the year 1984 when it began India’s very first facility in 1984 for the manufacture of Submerged Arc Welded (SAW) Pipes using the technology supplied by U-O-E of USA.
- Industry: Oil, Gas and Mining
- Company Type: MNC
- Location: Nashik Road, Nashik – 422101
- Incorporated in: 1984
8. Reliance Industries
In India, Reliance Industries stands out as a prominent conglomerate.The company operates in the sectors of petrochemicals, refining, telecommunications, retail, and digital services.The firm is well-known for its considerable input into the national economy and its robust involvement in international markets.
- Industry: Chemical, Petroleum, Oil, Gas
- Company Type: India’s Top 500
- Location: MIDC Ambad, Nashik – 422010
- Founded in: 1966
9. Larsen & Toubro
The Larsen and Toubro has a glass container unit in Nashik. L and T is an Indian multination company undertaking business activities in over 50 countries across the globe. The L and T group comprises 118 subsidiaries, 25 joint-ventures, six associates, and 35 joint operations companies operating across construction, primary and heavy engineering, manufacturing of capital goods, financial services and information technology as of 2020.
It is listed on both the National Stock Exchange and the Bombay Stock Exchange. Equity shares of the firm are a constituent of the BSE SENSEX and NIFTY 50 index.The company’s global depository shares can be found on the Luxembourg and London Stock Exchanges, where they are listed and traded.
- Industry: Construction, Infrastructure, Coworking, Engineering
- Company Type: India’s Top 500
- Location: Shriram Wadi, Nashik – 422001
- Founded in: 1946
10. Hindustan Aeronautics
In 1913, Unilever formed its first Indian subsidiary as the Hindustan Vanaspati Manufacturing Company followed by Lever Brothers India Limited in 1933 and United Traders Limited in 1935. These three companies were merged to form Hindustan Unilever Limited (HUL) in November 1956. The company has over 50 brands that fall into 15 categories, including life essentials, tea, coffee, deodorant, haircare, and skincare, among many others.
HUL is among the leading Manufacturing Companies in Nashik. HUL’s Nashik factory won the “Outstanding Performance in Food Safety” award in the “Large Manufacturing Food Businesses – Milk & Milk Products” category at the 13th CII Food Safety, Quality and Regulatory Summit and Awards held recently.
- Industry: Airlines, Aviation, Defence, Drone
- Company Type: India’s Top 500
- Location: Ojhar, Nashik – 422302
- Incorporated in: 1964
Demand for Commercial Property in Nashik
1. Office space:
Companies, small and large, are coming to Nashik and that raises the demand for office spaces. The location advantage, weather and connectivity that Nashik boasts makes it a favourite for companies, hiking demand for office space.
2. Rentals:
The growing Manufacturing Companies in Nashik also triggered demand for rentals. Professionals and people coming for various purposes look for accommodation; thus, a demand for the same opens avenues for property owners and investors in providing rented-out accommodation facilities.
This growth in demand for commercial real estate has contributed positively to the local economy. It has created jobs in construction, property management, and other related industries. The increased business activities have also contributed to the growth of the city’s economy as a whole.
Effects of these Manufacturing Companies in Nashik
All these Manufacturing Companies in Nashik have their presence in Nashik, enhancing the growth and development of the city on the whole. This is beneficial to the local economy in terms of talent inflow, investment, and greater employment opportunities. Further, residential and commercial space is in demand, giving a boost to the real estate market, increasing Nashik as a destination for successful business.
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FAQs
Q1. What are the biggest Manufacturing Companies in Nashik?
A.Following are some of the biggest Manufacturing Companies in Nashik, India, encompassing a wide range of industries: Mahindra & Mahindra, Hindustan Aeronautics Limited Siemen, GlaxoSmithKline (GSK), Larsen & Toubro (L&T, and Reliance Industries).
Q2. Which industry is famous in Nashik?
A.Wine Industry is famous in Nashik.
Q3. What is Nashik popular for?
Apart from the wine industry, Nashik is growing its business landscape in various sectors such as manufacturing, agriculture, and information technology; hence, Nashik can be said to be an industrial and career hub.
Q4. Do IT companies exist in Nashik?
A.Yes, Nashik has a good number of IT companies of over 10,000 companies that range from big companies to small companies.
Q5. What is the best area in Nashik?
A.Here are some of the best areas: Pathardi Phata, Indira Nagar, Gangapur, Igatpuri, and Nasik Road.
Q6. Is Nashik a fast-growing city in India?
A.Nashik is one of the fastest-growing cities in India because of its fast-growing business scene and infrastructure, all together contributing to the city’s economy.
Q7. Is Nashik good for investment?
A.Investing in Nashik is a good decision considering the affordable land and property rates, improved infrastructure, efficient transportation, and low traffic congestion.
Q8. Where is the best place to buy a house in Nashik?
A.If you have plans to purchase a house in Nashik, some of the most sought-after neighborhoods to think about are Pathardi Phata, Indira Nagar, Nashik Road, Jail Road, and Dhruv Nagar. Independent houses in these areas usually have prices that average around ₹69.4 lakh, with median prices approximately ₹53.5 lakh, varying based on the property’s size and location.
Q9. What is the GDP of Nashik?
A.In the financial year 2020-21, the GDP of Nashik was Rs 1,35,40,700 lakh at current prices and Rs 94,36,900 lakh at constant prices.
