The defence industry of India is a strategically important sector. Now many private players are also coming to this sector amid growing budget by government of India. Here is the list of top 5 Indian private companies in this industry.
India is the world’s 2nd largest military force after China, with a strength of over 1.44 million active personnel. The total budget sanctioned for the Indian military for the financial year 2019 is $60.9 billion.
Here’s the list of private players in India’s defence sector:
Bharat Forge
Bharat Forge Limited is an Indian multinational company based in Pune. The company is involved in automotives, power, oil & gas, construction & mining, locomotive, marine and aerospace industries.
The private player has now entered into the defence sector and is moving from being a components manufacturer to a complete product maker.
Bharat Forge was founded by Dr. Nilkanthrao A. Kalyani, in 1961. The current chairman of the company is his son, Baba Kalyani.
It is part of the Kalyani Group, which is a US$2.5 billion conglomerate with a 10,000 personnel strength global work force. Amit Kalyani, Baba Kalyani’s son, is the Executive Director of the company.
Kalyani Group
The Kalyani Group, a privately held industrial group in India. It is focused in four primary sectors, Engineering Steel, Automotive & Non-Automotive Components, Renewable Energy & Infrastructure and Specialty Chemicals. It has now entered into the defence sector in India.
The group has joint ventures with companies such as ArvinMeritor, Carpenter Technology Corporation, Hayes Lemmerz, FAW Corp etc.
It has very recently forayed into Indian football with entering in India’s premier football tournament I-league.
Larsen & Toubro
Commonly known as L&T Limited, Larsen and Toubro is an Indian multinational conglomerate company headquartered in Mumbai. It was founded by two Danish engineers taking refuge in India.
Moreover, L&T has business interests in basic and heavy engineering, construction, realty, manufacturing of capital goods, information technology, and financial services.
In 2018, L&T Group comprises 93 subsidiaries, 8 associates, 34 joint-venture and 33 joint operations companies. Now the private player has also entered into the defence sector.
Reliance Group
Founded by Dhirubhai Ambani in 1966 as a polyster firm, Reliance group is an Indian conglomerate headquartered in Mumbai. Reliance Group has six listed companies. Reliance Power, Reliance Infrastructure, Reliance Capital, Reliance Entertainment and Reliance Health.
In 2017, the group launched construction of a defence production unit in Mihan-SEZ region. The unit is a part of a joint venture between Reliance Group and its JV partner French major Dassault Aviation.
However, the production at Mihan-SEZ will begin with components for the Rafale warplanes and Falcon business jet produced by Dassault.
Tata Group
The Tata Group is an Indian multinational conglomerate, it is also headquartered in Mumbai. Tata Group was founded in 1868 by Jamsetji Tata, the company gained international recognition after purchasing several global companies.
Moreover, One of India’s largest conglomerates, Tata Group is owned by Tata Sons. Currently, Natarajan Chandrasekaran is the chairman of the group. Former chairman of Tata Sons, Ratan Tata serves as its chairman emeritus.
Noteworthy Tata companies and subsidiaries include Indian Hotels Company, Tata Chemicals, Jaguar Land Rover, Tata Consultancy Services, Tata Global Beverages, Tata Motors, Tata Power, Tata Steel, Voltas, Tata Cliq, Titan Company, and Trent (Westside).
