Top 10 Construction Companies in India in the Year 2023

India is the home of enormous emerging industries, and these companies are from the fields like technology, construction, petroleum, transportation, and automobile production. Indian construction companies are the second most prominent, employing around 51 million people. 

These companies have the most contribution to the Indian economy and help India to build a much more robust economy. After agriculture, it is India’s second most employed field, increasing with an annual growth rate of 3.23%, according to Statista. 

Indian construction industries are estimated to have a $167 billion market capitalization by 2024. It will be one of the best industries to create the highest revenue compared to others. In this article, we will look at the top 10 and the best construction companies in India.

These listed companies are based on their annual income, employment rate, market value, and all the essential factors that need to be considered for ranking them. According to the India times, these are India’s top and Best construction companies and India’s top construction companies by revenue. 

What is the Role of Construction Companies?

Construction companies primarily focus on planning, designing, building, and maintaining the physical structures of their buildings. These companies mainly focus on vast development projects like airports, tunnels, dams, highways, and monumental projects buildings. 

The Specific Roles and Responsibilities of Construction Companies Are:

• Planning and designing the structure
• Budgeting and cost management 
• Procurement and material management 
• Construction and site management
• Maintenance and repair 

Which Are the Best Top 10 Construction Companies in India?

The Best Construction Companies in India Are:

1. Reliance Infrastructure Limited
2. Larsen and Toubro Infrastructure Development Projects Limited (L&T IDPL)
3. L&T Engineering Construction & Contracts Division (ECC)
4. Macrotech Developers Pvt. Ltd. 
5. Punj Lloyd Ltd.
6. Tata Projects Ltd.
7. Sadbhav Engineering Ltd.
8. Shapoorji Pallonji & Co. Ltd.
9. Dilip Buildcon Ltd.
10. Hindustan Construction Co. Ltd.

These are India’s best companies that generate higher revenue and provide significant employment. Based on the reports, Indian construction giants have contributed Rs 2.7 trillion to the Indian economy, making it the most robust GDP in the world. 

These best civil engineering companies provide the most employment to civil engineers and construction-related workers. The Government of India also helps construction companies by allowing 100% FDI under automatic routes for India’s construction development sector and real estate. In this article, we will briefly discuss these companies so you can get an idea about this business and the information that can be helpful to you. 

Top 10 Construction Companies in India in the Year 2023

Indian construction companies play a significant role in the economy of India, and the future of India, because it is one of the largest sectors that offer the highest employment to Indians. India’s construction sector is valuable for the country’s future.

1. Reliance Infrastructure Limited

Reliance is a huge industry and has included many sectors and generates billions of dollars per year, and it is one of the leading industries in India. Reliance Infrastructure Limited was established on 1 October 1929 and headquartered in New Mumbai, Mumbai. It is one of the leading construction companies in India.

According to Wikipedia, they made a total revenue of $2.5 billion in 2022, with a workforce of 5,400+ employees. It is a private sector company that offers services, including infrastructure development, power generation, defense, and construction. Punit Narendra Garg is the CEO of Reliance Infrastructure Limited.

2. Larsen and Toubro Infrastructure Development Projects Limited (L&T IDPL)

Larsen and Toubro Infrastructure Development Projects Limited (L&T IDPL) was established on 7 February 1938, headquartered in Mumbai, Maharashtra. It is one of the largest companies in the leading infrastructure sector. 

Wikipedia stated that this company made over $20 billion in 2022 by offering services in multiple fields, including construction, engineering, manufacturing, and information technology. This company has a total workforce of 3,37,994 employees in their overall sectors, and S.N.Subrahmanyan is the CEO of this company. This company is counted among the top 5 construction companies in the world. 

3. L&T Engineering Construction & Contracts Division (ECC)

L&T Engineering Construction & Contracts Division (ECC) was established in 1946, and it is one of the most renowned construction companies in India, headquartered in Mumbai, Maharashtra. 

According to the reports, this company made a total revenue of $1.9 billion in 2022 and is one of the most emerging companies in the construction sector, with a total workforce of 4,768 employees. 

4. Macrotech Developers Pvt. Ltd. 

Macrotech Developers Pvt. Ltd. was established in 1980, headquartered in Mumbai, Maharashtra. It is a multinational real estate company and has developed the most famous projects, including The World Towers, Lodha Altamount, Lodha Bellissimo, and Trump tower. 

Wikipedia stated that this company was founded by Mangal Lodha, a politician and a businessman, and made a total revenue of $1.2 billion in 2022, with a total workforce of 2,700+ employees. This company is also renowned for contributing to Pulava, making it the most innovative city by construction. 

5. Punj Lloyd Ltd.

Punj Lloyd Ltd. was established in 1982 by Atul Punj, headquartered in Gurugram, Haryana, and famous for its construction subsidiaries and listed on the BSE and NSE. It offers services related to various sectors, including energy, defense, and infrastructure.

This company made a total revenue of $700 million in 2022, with a total workforce of 7,359 employees. It offers services in multiple regions, including Asia, Africa, South Asia, the Middle East, and Europe.

6. Tata Projects Ltd.

Tata Projects Ltd. was established on 20 February 1979, headquartered in Hyderabad, Telangana; it is owned by the TATA group, the world’s largest and most renowned group. It is an Indian non-government company that offers construction and infrastructure-related services. 

It is one of the most trusted construction companies in India stated by the Times of India; they have an authorized capital of Rs. 2,500 lakhs. It is one of the fastest-growing construction and civil engineering companies, with a collective workforce of 9,35,000 employees and a $128 billion revenue-generating company. 

7. Sadbhav Engineering Ltd.

Sadbhav Engineering Ltd. was established in 1988 by Vishnubhai Patel, headquartered in Ahmedabad. This company has done significant projects, including constructing roads and highways, irrigation-supporting infrastructure, and mining. 

This company made a total revenue of $300 million in 2022, with a total workforce of 1000-4000 employees, and it is an emerging company in the construction sector, which is increasing. Vasistha Patel is the CEO of Sadbhav Engineering Limited.

8. Shapoorji Pallonji & Co. Ltd.

Shapoorji Pallonji & Co. Ltd. was established in 1865 by Pallonji Mistry, headquartered in Mumbai, Maharashtra. It works in different sectors, including textiles, construction, shipping, publishing, real estate, biotechnology, and electricity. 

It is one of India’s most trusted construction companies following TATA projects. It has made a total revenue of $1 billion in its overall sectors, with a workforce of 40,000 employees and doing activities in more than 40 countries.

9. Dilip Buildcon Ltd.

Dilip Buildcon Ltd. was established in 1987 by Dilip Suryavanshi, headquartered in Bhopal, Madhya Pradesh. It is one of the leading companies in the construction sector, focusing on construction and development services listed on BSE and NSE. 

In 2022 this company made a total revenue of $1.5 billion, with a total workforce of 34,262 employees, making it in the top 10 companies in the construction sector. It is a 36-year-old company contributing its best to constructions and development projects.  

10. Hindustan Construction Co. Ltd.

Hindustan Construction Co. Ltd. was established on 27 January 1926 by Walchand Hirachand, headquartered in Mumbai, Maharashtra. It is an Engineering, Project Management, Procuration, and Construction Company. 

In 2022, they made a total revenue of $1.3 billion with a total workforce of 1,100 employees. The founder of this company Seth Walchand Hirachand is renowned as the Father of the Indian Transportation Industry. It is one of the oldest and most trusted construction companies in India. 

FAQs:

1. Which is the Best Construction Company in India?

Reliance is the best and top construction company that has included many sectors and generates billions of dollars annually. It is one of the leading industries in India. They made a total revenue of $2.5 billion in 2022, with 5,400+ employees.

2. How Many Construction Companies Are There in India?

There are approximately 1,20,000 construction companies in India, with a market capitalization of Rs. 2.7 trillion, employing 50 million people and contributing $131 billion towards the Indian GDP.

3. Which Are the Top 5 Construction Companies in India?

These Are the Top 5 Construction Companies in India-

• Reliance Infrastructure Limited

• Larsen and Toubro Infrastructure Development Projects Limited (L&T IDPL)

• L&T Engineering Construction & Contracts Division (ECC)

• Macrotech Developers Pvt. Ltd. 
• Punj Lloyd Ltd.

These listed companies are based on their annual income, employment rate, market value, and all the essential factors that need to be considered for ranking them. According to the India times, these are India’s top and Best construction companies and India’s top construction companies by revenue. 

4. What is the Role of Construction Companies?

The specific roles and responsibilities of construction companies are:

• Planning and designing the structure
• Budgeting and cost management 
• Procurement and material management 
• Construction and site management
• Maintenance and repair 

5. Which Construction Company Has the Most Employees in India?

Larsen and Toubro Infrastructure Development Projects Limited (L&T IDPL) is the largest company with the most employees india. This company has a total workforce of 3,37,994 employees in their overall sectors.

Conclusion:

In conclusion, these are the best construction companies in India; most of them are the world’s best construction companies, and these companies are helping India to build its economy stronger by contributing to the GDP of India. 

All the above-listed companies are making millions and billions by providing the second-largest employment rate in India, following the Agriculture sector. Most of these companies are listed on BSE and NSE and have billions of market capitalization.