Reviewing the Top Construction Companies in India Today

 As the world’s most populous nation, the Indian construction industry is a non-stop machine. With rapid urbanization and a fast-growing economy, the demand for infrastructure, housing, transportation, and energy solutions is surging. In this blog, we explore the top construction companies bringing outstanding projects to life and fueling growth in the Indian building sector.

Let’s dive in!

The Current State of the Construction Industry in India

As one of the world’s largest and most densely populated countries, India has developed a thriving construction industry market, with total annual revenue exceeding USD $25 trillion, and an annual growth rate of over 11%. With an uninterrupted pipeline of extensive infrastructure and residential development projects, construction also remains a major source of employment in India, with over 70 million people employed in various sectors.

This impressive growth is largely due to an ongoing government commitment to infrastructure modernization, deemed necessary to compete in a global economy. India’s construction market is now the fourth-largest in the world, trailing only the United States, China, and Japan. This boom in infrastructure development is reflected in our list of top construction companies in India.

The need to complete significant infrastructure projects faster while expanding into new geographies has not subsided, but the construction industry in India has demonstrated an impressive and nearly universal commitment to sustainable construction and environmental stewardship that bodes well for the future.

The Top 10 Construction Companies in India

Despite recent downturns in other parts of the world, the construction industry in India shows no signs of slowing, with the number of companies in this space now exceeding 175,000. Many top players have emerged from the infrastructure construction and energy sectors, while ongoing transportation and residential projects also provide job security for skilled construction professionals. We have prioritized our list of top construction companies in India based on recently reported annual revenue figures.

1. Larsen & Toubro Limited

Topping our list of construction companies in India is Larsen & Toubro Limited. Founded in 1938, Larsen & Toubro (L&T) is one of the largest construction companies in the country, based on annual revenue and employment figures. L&T is known for its innovative approach to engineering and construction and has delivered some of the region’s most complex power transmission, metro rail, and highway infrastructure projects. L&T also specializes in premium high-rise apartment and office complex development.

Larson & Toubro maintains a global footprint to complement its core operations throughout India and currently employs over 55,000 people worldwide. The company headquarters are located in Mumbai. L&T recently reported annual revenue of ₹221,113 crore (USD 26.1 BN) for the fiscal year ending in March 2024. The company also emphasizes social and environmental responsibility, with active programs to enhance education, water availability, and public health.

2. Nagarjuna Construction Company

Another corporation consistently rated among the top construction companies in India is Nagarjuna Construction Company (NCC). The company is known for successfully completing a wide array of mining, railroad, and water infrastructure projects over the past four decades, while continually diversifying and building expertise in areas such as residential development and electrical services (T&D).

NCC takes pride in a set of core values that includes a commitment to sustainability, continuous adoption of new technologies and construction practices, and engineering excellence from both staff and line positions. With a skilled team of over 11,000 employees, recent notable projects have included the Imperial Towers in Mumbai and the SP Infocity IT Parks.

3. Tata Projects Consultancy

As one of the fastest-growing and most admired technology-led engineering, procurement, and construction companies in India, Tata Projects Consultancy has developed a high level of expertise in industrial and urban infrastructure projects. With a rich history spanning over 150 years, Tata has successfully completed major projects ranging from refineries and residential buildings to airports and highways.

Tata’s ongoing commitment to construction quality and on-time project completion is complemented by a commitment to the environment and the preservation of at-risk species. This includes the establishment of a 150-acre botanical reserve and a large-scale coral reef recovery project in the Maldives. Recent construction successes include the New Parliament Building in Delhi and the HRRL Refinery in Rajasthan.

4. Afcons Infrastructure Ltd.

With an annual revenue of ₹12,907.27 crore (USD 1.51 billion), Afcons has also secured its place among the leading construction companies in India. Afcons has made it its mission to become a prominent transnational infrastructure company recognized for business innovation. This commitment has been demonstrated through recent projects, including the Nagpur Mumbai Samruddhi Expressway Package and a large-scale Metro Tunnelling project below the Hooghly River, Kolkata.

Afcons began as a Civil Engineering company in 1959 and has now become the flagship infrastructure company of the Shapoorji Pallonji conglomerate. With its global headquarters in Mumbai and satellite offices around the world, the company has received numerous industry awards and accolades, including the prestigious Golden Peacock Environment Management Award.

5. Macrotech Developers

Also headquartered in Mumbai, Macrotech Developers has emerged to become one of the leading realtors and construction companies in India. Formerly known as Lodha Group, the company has delivered over 65,000 homes since its founding in 1995. Macrotech has also developed a world-renowned specialization in smart cities, commercial developments, and luxury residential skyscrapers, such as the World One Tower in Mumbai.

The residential developments completed by Macrotech have provided an opportunity to pioneer innovative designs and sustainable practices that contribute to a reduced carbon footprint and more resilient and flexible living accommodations.

6. GMR Group

GMR Group, or GMR Infrastructure Ltd., specializes in large-scale highway and airport construction projects throughout India and the surrounding areas. With annual revenue of ₹8,750 crore (USD 1.02 billion), GMR is also a major player in the Indian power sector, with vertical integration across the entire value chain providing the company with greater control over project schedules and resources.

GMR Group was founded in 1978 and has since become the parent company for specialized businesses such as GMR Enterprises, GMR Airports, and GMR Energy. Led by CEO Grandhi Kiran Kumar, the company employs over 16,000 people internationally and continues to grow its footprint and project portfolio along with its reputation.

7. IRB Infrastructure Developers Limited

Another business consistently ranked among the best construction companies in India is IRB Infrastructure Developers Ltd. IRB takes great pride in being India’s first multi-national transport developer in the Roads & Highways sector. For over 25 years, the company has delivered a series of technically challenging highway infrastructure projects spanning some of the most difficult terrain in India.

IRB employs over 6,000 people from its global headquarters in Mumbai and field locations throughout India. Notable company accomplishments include the launching and listing of India’s first Infrastructure Investment Trust (InvIT) and the operation and maintenance of the country’s first expressway. IRB releases annual sustainability reports demonstrating its steadfast commitment to environmentally responsible construction practices.

8. Hindustan Construction Company

With 60% of India’s installed nuclear power capacity and 403 km of tunneling to their credit, Hindustan Construction Company (HCC) is firmly entrenched among the leading infrastructure developers and top construction companies in India. The business was founded almost a century ago (1926), establishing a reputation for excellence through the completion of India’s first concrete gravity dam, the Bhor Ghat Tunnel.

More recently, HCC has successfully completed projects, including the East-West Corridor in Rajasthan and the Naini Bridge in Uttar Pradesh, that have helped modernize India’s infrastructure and prepare for the next century. With over 28,000 dedicated employees across the office and sites and an annual revenue of ₹7,006.7 crore (USD 817.98 million), HCC is well-positioned to continue its industry leadership and spearhead future infrastructure expansion.

9. Reliance Infrastructure

Another infrastructure leader on our list of top construction companies in India is Reliance Infrastructure, which has continued to expand and diversify since its founding in 1929. Reliance has developed expertise in power generation, defense, and transportation projects that provide challenging opportunities for its team of experienced engineers and designers.

The company began its journey as Bombay Suburban Electric Supply (BSES) and has since provided engineering and construction (E&C) services for numerous successful infrastructure projects, including Mumbai Metro One, an ambitious urban mobility project aimed at reducing congestion through improved public transportation.

10. Gammon India Limited

The last entry on our list of construction companies in India is Gammon India Limited, a well-established civil engineering company boasting the largest number of completed bridge projects in the Commonwealth. Founded by John C. Gammon in 1922, the company has since become a global player in infrastructure management, transmission lines, nuclear power, high-rise structures, and many other areas of specialization. 

The diverse Gammon portfolio produces annual revenue of ₹39.25 crore (USD 4.58 million) across multiple subsidiaries and office locations. Notable projects and accomplishments include India’s first cable-stayed bridge in Akkar, Sikkim, and the Terminal Building for Sharjah International Airport.

Final Thoughts

The construction industry in India reflects the country’s diversity and is a huge indicator of its economic growth and ambition. The companies listed here are responsible for creating the hotels, airports, offices, metro systems, and major infrastructure facilities that the Indian communities populate every day. This level of success is only possible with the help of the right technology.

At RIB Software, we have developed a robust toolkit of solutions designed to assist Indian companies throughout a project’s lifecycle, from the early planning and design stages through construction and handover, and operations. RIB CostX, our estimating and takeoff solution, offers robust features to achieve agile, precise, and collaborative estimates, all with the support of powerful technologies like BIM and carbon accounting.

If you want to join the thousands of companies around the world that benefit from our state-of-the-art construction estimating software, get your free demo of RIB CostX today!