Top 10 Mechanical Engineering Companies in India: Market Leaders, Revenue Insights, and Career Opportunities

Which Is the Best Company for Mechanical Engineers in India?

Apart from this, the scope of jobs in this particular field of engineering is also very high, and this is the reason why students from various colleges and institutes seek a degree in mechanical engineering.

Before graduation, you must have knowledge and information about various mechanical companies in India. Mechanical engineers who graduate with a degree can apply for jobs in these companies and build a professional career.

Many companies claim to be the best in their field. This article will provide insight into these companies, their history, and their characteristics so that students and professionals can make informed decisions about their careers.

This branch of engineering requires an understanding of key concepts in almost everything, including mechanics, structural analysis, thermodynamics, kinetics, materials science, and electricity.

Mechanical engineers design other machines inside buildings, such as elevators and escalators.

Here we are bringing you the list of top 10 mechanical engineering companies in India. We also have a list of top mechanical engineering companies in India.

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Mechanical Engineering in India of Job Opportunities:

Mechanical engineers design Electrical generators, internal combustion engines, steam and gas turbines, and machines using electricity, such as refrigeration and air-conditioning systems.

Mechanical engineering skills and knowledge will be one of the biggest driving forces behind product development, innovation, intellectual property, and quality of manufacturing in India, so there is a lot of employment scope in the manufacturing sector for a mechanical company in India.

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Top 10 Mechanical Companies in India As Per Market Cap

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Top 10 Mechanical Companies In India Revenue Comparison 2024, 2023, 2022, 2021

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Top 10 Mechanical Engineering Companies Websites as Below:

List of Mechanical Companies in India

1. Reliance Industries Ltd.
2. Larsen & Toubro Ltd
3. Siemens Ltd
4. Tata Steel
5. Godrej Consumer Products Ltd
6. Rail Vikas Nigam Ltd.
7. Bosch Ltd
8. Suzlon Energy Ltd
9. Thermax Ltd.
10. Kirloskar Oil Engines Ltd.

Best Companies for Mechanical Engineering Graduates

Here are the lists of top mechanical companies in India that provide employment opportunities to the people:

1. Reliance Industries Ltd.

Reliance Industries Ltd., established in 1966 by Dhirubhai Ambani, is a leading multinational conglomerate based in Mumbai, India.

With interests spanning a broad spectrum of industries, the company is a major player in petrochemicals, refining, oil exploration, telecommunications, retail, and digital services.

Reliance’s core operations began in textiles, but it soon expanded into petrochemicals and refining, becoming one of the world’s largest refiners of crude oil.

Its flagship refinery in Jamnagar is one of the largest in the world, demonstrating the company’s scale and technical prowess in the energy sector.

In telecommunications, Reliance Jio, launched in 2016, has dramatically transformed the Indian telecom landscape by offering high-speed data at affordable rates, leading to a surge in internet usage and digital services across the country.

The success of Jio has established Reliance as a leader in the digital and technology space.

The company’s retail arm, Reliance Retail, is one of India’s largest and fastest-growing retail chains, offering a diverse range of products from groceries to electronics through its extensive network of stores and online platforms.

Reliance Industries is also involved in various initiatives in education, healthcare, and sustainability, reflecting its commitment to corporate social responsibility and innovation.

The company’s strategic investments and forward-thinking approach have positioned it as a key player in shaping the future of several industries on a global scale.

1. Revenue: Rs. 901,064 Cr.
2. Net Profit: Rs. 69,621 Cr.
3. Market Cap (Rs Cr.) Rs. 2104,435 Cr.
4. Headquarters: 3rd Floor,,Maker Chambers IV,,222, Nariman Point, Mumbai 400021

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2. Larsen & Toubro Ltd.

Larsen & Toubro is an Indian multinationals company engaged in EPC projects, high-tech manufacturing, and services. Operate in more than 30 countries worldwide.

A strong, customer-centric approach and relentless pursuit of top-class quality have enabled L&T to achieve and maintain leadership in its key lines of business for more than eight decades.

We are engaged in core, high-impact sectors of the economy, and our integrated capabilities span the entire spectrum of design to delivery. Every aspect of L&T’s businesses is characterized by high standards of professionalism and corporate governance.

Sustainability for growth is embedded in our long-term strategy. The company’s manufacturing footprint is spread across eight countries besides India. L&T has several international offices & a supply chain that spans the globe.

1. Revenue: Rs. 12,966 Cr.
2. Net Profit: Rs. 15,569 Cr.
3. Market Cap (Rs Cr.) Rs. 508,755 Cr.
4. Headquarter: Mumbai, Maharashtra – 400 001

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3. Siemens Ltd.

With a focus on electrification, automation, & digitization, Siemens India stands for engineering excellence, innovation, and reliability.

One of the world’s largest producers of energy-efficient, resource-saving technologies, Siemens is a leader in infrastructure & energy solutions, as well as automation & software for the industry.

It is one of the top mechanical companies in India. Companies are also leaders in medical imaging types of equipment, laboratory diagnostics, and clinical IT. Siemens also offers business-to-business financial solutions, rail automation, and wind energy solutions.

1. Revenue: Rs. 21,554 Cr.
2. Net Profit: Rs. 1,961 Cr.
3. Market Cap (Rs Cr.) Rs. 243,949 Cr.
4. Headquarter: Worli, Mumbai – 400030, India

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4. Tata Steel

Tata companies have consistently adhered to values ​​& ideals expressed by the founder for 150 years. The Tata Code of Conduct has first formalized Mr. Ratan Tata.

It articulates the values ​​and ideals of the group that conducts and guide our companies as well as our partners in all matters related to business. Today, the code is the foundation on which we base our personal commitments as well as leadership commitments on key Tata values.

Tata Steel Group is among the top globals steel companies with an annual crude steel capacity of 33 million tonnes per annum (MnTPA).

One of the world’s most geographically diverse steel producers with a worldwide operational and commercial presence.

An excellent location for Tata Steel, a work-certified ™ organization with its subsidiaries, affiliates, and joints ventures, is spreading across five continents with an employee base of over 65,000.

Tata Steel successfully completed the acquisition of Bhushan Steel Limited (now renamed as Tata Steel BSL), the first to acquires a major stressed asset under the Insolvency & Bankruptcy Code process. The acquisition (with a capacity – 5.6 MnTPA) has significantly expanded Tata Steel’s footprint in India.

1. Revenue: Rs. 229,171 Cr.
2. Net Profit: Rs. 3,377 Cr.
3. Market Cap (Rs Cr.) Rs. 196,952 Cr.
4. Headquarter: Mumbai, Maharashtra Pincode: 400001

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5. Godrej Consumer Products Ltd.

Godrej Consumer Products Ltd. (GCPL) is a leading player in the Indian consumer goods market, with a significant international presence across Asia, Africa, and Latin America. As part of the esteemed Godrej Group, GCPL boasts a rich legacy of over 125 years, built on values of trust, integrity, and respect.

The company operates in key segments such as home care, personal care, and household insecticides, with well-known brands like Goodknight, Cinthol, and Godrej No. 1.

GCPL is committed to innovation and sustainability, investing in research and development to create high-quality, affordable products while emphasizing green manufacturing and community development initiatives.

With a mission to delight consumers and a vision to be among the top three in their chosen categories, GCPL continues to expand its global footprint through strategic acquisitions and organic growth.

1. Revenue: Rs. 14,096 Cr.
2. Net Profit: Rs.1,916 Cr.
3. Market Cap (Rs Cr.) Rs. 148,503 Cr.
4. Headquarter:Godrej One, 4th Floor, ,Pirojshanagar, ,Eastern Express Highway, Mumbai 400079

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6. Rail Vikas Nigam Limited

This was the vision of the then Honorable Prime Minister, Bharat Ratna Late Shri Atal Bihari Vajpayee, on the basis of which RVNL was inducted as PSU on 24.01.2003.

The idea of ​​the then Hon’ble Prime Minister was to reduce the infrastructure deficit on the Indian Railways and, accordingly, in his address to the Red Fort announced on 15.08.2002 about the National Rail Vikas Yojana.

NRVY was formally launched by the Hon’ble Prime Minister on 26.12.2002, and to implement NRVY, RVNL has to implement the projects related to the creation and enhancement of railway capacity in accordance with the then Companies Act 1956 with dual objectives.

Infrastructure on a fast-track basis for SPV projects and increasing extra-budgetary resources. The company began its operations in 2005 with the appointment of a board of directors. The company was granted Miniratna status in September 2013.

RVNL has been given “Excellent” status by the Department of Public Enterprises for nine consecutive years. RVNL has been ranked first in Railway PSE 4 to 4 times in the last five years.

The business of the company has grown by 44.44% for the FY 2019-20. The authorized share capital of the company was Rs. 3000 crores. With a paid-up share capital of Rs. 2085 crores. The company is listed after divesting a 12.16% stake in the company through an IPO.

1. Revenue: Rs. 21,889 Cr.
2. Net Profit: Rs. 1,575 Cr.
3. Market Cap (Rs Cr.) Rs. 127,968 Cr.
4. Headquarter: Bhikaji Cama Place, R. K. Puram, New Delhi-110066

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7. Bosch Ltd.

Bosch Home Appliance is dedicated to providing intelligent, reliable, and attractive solutions to make everyday life a little easier.

This underscores Bosch’s ambition to create technology that always serves a purpose: our products are made whenever people need them, and harmonize with the home environment when they always Are not helpful, are never unpleasant.

Bosch Future Connected Conclave will showcase our leading innovations such as Connected Mobility and Services, Digital Agriculture, and Personalization in the IoT, among others.

Hence it is considered one of the top 10 mechanical engineering companies in India. It will also showcase the strength of our accelerator program by giving you a glimpse into the startups we have started.

1. Revenue: Rs. 17,727 Cr.
2. Net Profit: Rs. 2,490 Cr.
3. Market Cap (Rs Cr.) Rs. 100,494 Cr.
4. Headquarter: Adugodi, Bengaluru – 560 030, India

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8. Thermax Ltd.

Since 1980, Thermax’s Air Pollution Control (APC) business has been a focal point for enterprises related to the control of particulate & gaseous emissions.

Extensive engagement with diverse sectors and alliances with technology majors have empowered the group to provide unmatched solutions to its customers.

The group offers multifaceted benefits to process-driven industries such as cement, steel, aluminum, copper, etc., enabling them to fix products at various stages of plant processes and also adhere to prescribed emission norms.

1. Revenue: Rs. 9,323 Cr.
2. Net Profit: Rs. 701 Cr.
3. Market Cap (Rs Cr.) Rs. 59,248 Cr.
4. Headquarter: Wakadewadi, Shivajinagar, Pune, Maharashtra 411003

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9. Suzlon Energy Ltd.

Suzlon is India’s leading renewable energy solution provider offering 360-degree total solution packages to its customers, covering the entire spectrum of wind energy projects.

For over two decades, our turnkey solutions and lifelong support combined with the best-in-class products have created value for our customers worldwide.

He is considered a pioneer of wind energy in India, the leading renewable energy company in the world, and is present in 19 countries across six continents. They are empowering companies, industries, & greener tomorrows.

1. Revenue: Rs. 6,729 Cr.
2. Net Profit: Rs. 660 Cr.
3. Market Cap (Rs Cr.) Rs. 74,349 Cr.
4. Headquarter: Navrangpura, Ahmedabad 380009, India.

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10. Kirloskar Oil Engines Ltd.

Kirloskar Oil Engines Ltd. (KOEL) is a prominent player in the Indian engine manufacturing industry, celebrated for its innovation and reliability in diesel engines and power generation solutions.

Established over 75 years ago, KOEL is a part of the esteemed Kirloskar Group, which has a long-standing tradition of engineering excellence.

The company’s diverse product range includes diesel engines for various applications such as agricultural machinery, construction equipment, and industrial engines, as well as gensets (generating sets) for reliable power supply.

KOEL’s engines are known for their durability, fuel efficiency, and advanced technology. The company emphasizes research and development to continually enhance performance and meet evolving industry standards.

It adheres to stringent quality control processes and international certifications, ensuring that its products deliver high performance and low emissions.

The company is also committed to sustainability, integrating eco-friendly practices into its manufacturing processes and focusing on products that reduce environmental impact.

KOEL has a widespread presence across India, with a robust distribution network and service infrastructure to support its customers.

In addition to its core engine and genset offerings, KOEL engages in various initiatives to support community development and industrial growth, reinforcing its role as a leader in the power solutions sector.

With a focus on innovation, quality, and customer satisfaction, Kirloskar Oil Engines Ltd. continues to drive progress and set new standards in the industry.

1. Revenue: Rs. 5,998 Cr.
2. Net Profit: Rs. 453 Cr.
3. Market Cap (Rs Cr.) Rs. 17,863 Cr.
4. Headquarter: Laxmanrao Kirloskar Road,, Khadki,, Maharashtra 411003

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FAQs

What Are the Top Mechanical Engineering Companies in India?

The top mechanical engineering companies in India include:

1. Reliance Industries Ltd.
2. Larsen & Toubro Ltd.
3. Siemens Ltd.
4. Tata Steel
5. Godrej Consumer Products Ltd.
6. Rail Vikas Nigam Ltd.
7. Bosch Ltd.
8. Suzlon Energy Ltd.
9. Thermax Ltd.
10. Kirloskar Oil Engines Ltd.

Which Company Has the Highest Market Capitalization Among Mechanical Engineering Firms in India?

Reliance Industries Ltd. has the highest market capitalization among mechanical engineering companies in India, with a market cap of Rs. 2,104,435 Cr.

How Do the Revenues of These Companies Compare?

In 2024, the revenues of the top mechanical engineering companies are:

1. Reliance Industries Ltd.: Rs. 901,064 Cr.
2. Larsen & Toubro Ltd.: Rs. 221,112 Cr.
3. Tata Steel: Rs. 229,170 Cr.
4. Rail Vikas Nigam Ltd.: Rs. 21,889 Cr.
5. Siemens Ltd.: Rs. 21,554 Cr.
6. Godrej Consumer Products Ltd.: Rs. 14,096 Cr.
7. Bosch Ltd.: Rs. 16,727 Cr.
8. Thermax Ltd.: Rs. 9,323 Cr.
9. Suzlon Energy Ltd.: Rs. 6,529 Cr.
10. Kirloskar Oil Engines Ltd.: Rs. 5,898 Cr.

What Types of Products and Services Do These Companies Provide?

These companies are involved in a range of mechanical engineering sectors, including:

1. Reliance Industries: Petrochemicals, refining, telecommunications, and retail.
2. Larsen & Toubro: EPC projects, manufacturing, and services.
3. Siemens: Electrification, automation, digitization, and medical imaging.
4. Tata Steel: Steel production and processing.
5. Godrej Consumer Products: Home care, personal care, and household insecticides.
6. Rail Vikas Nigam Ltd.: Railway infrastructure development.
7. Bosch: Home appliances, automotive components, and industrial technology.
8. Suzlon Energy: Wind energy solutions.
9. Thermax: Air pollution control and energy solutions.
10. Kirloskar Oil Engines: Diesel engines and power generation solutions.

What Is the Scope of Job Opportunities in Mechanical Engineering in India?

Mechanical engineering offers extensive job opportunities in various sectors such as manufacturing, automotive, energy, aerospace, and construction. Mechanical engineers can work in design, development, maintenance, and management roles across diverse industries.

How Can Mechanical Engineering Graduates Benefit from Working in These Companies?

Graduates can benefit from working in these companies by gaining experience in cutting-edge technologies, participating in large-scale projects, and advancing their careers in well-established organizations with strong industry reputations. These companies often provide opportunities for professional growth, innovation, and competitive salaries.

Where Are the Headquarters of These Top Mechanical Engineering Companies Located?

The headquarters of the top companies are located as follows:

1. Reliance Industries Ltd.: Mumbai, Maharashtra
2. Larsen & Toubro Ltd.: Mumbai, Maharashtra
3. Siemens Ltd.: Mumbai, Maharashtra
4. Tata Steel: Mumbai, Maharashtra
5. Godrej Consumer Products Ltd.: Mumbai, Maharashtra
6. Rail Vikas Nigam Ltd.: New Delhi
7. Bosch Ltd.: Bengaluru, Karnataka
8. Suzlon Energy Ltd.: Ahmedabad, Gujarat
9. Thermax Ltd.: Pune, Maharashtra
10. Kirloskar Oil Engines Ltd.: Khadki, Maharashtra

What Factors Should Be Considered When Choosing a Company for a Career in Mechanical Engineering?

When choosing a company, consider factors such as the company’s market position, growth opportunities, industry reputation, work culture, and alignment with your career goals. Additionally, evaluate the company’s commitment to innovation, sustainability, and professional development.