written by | February 24, 2023

List of Industrial Machinery and Equipment Companies in India

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Table of Content


Large-scale industries have grown in significant numbers in India. Consequently, the demand for heavy-duty machinery equipment like saws, drills, conveyor belts, etc has increased considerably. This equipment is required in almost all heavy-duty industries, the food industry or recycling plants. Companies specializing in industrial machinery are the best choice for this kind of machinery.

Did you know? India is the leading exporter of heavy and light engineering products among third-world nations. 

Overview of Industrial Machineries in India

Finding the right company that manufactures appropriate equipment for your business can be tedious. So to make things a bit easier for you, here is the list of the top industry machinery manufacturing companies in India. These companies have their respective ISIN codes, company codes, and security IDs.

Also Read: What are Knitting Machines? |Usage, Classification and types

Top Industrial Machinery Companies in India

It is expected that these major industrial machinery manufacturing companies will continue to be the top vendors on the market soon.

1. Cummins India LTD.

Cummins India is one of the leading manufacturers of natural gas and diesel engines in India. Along with engines, they also supply equipment for setting up power systems and distribution of power, air filtration, emission solutions, and other related technologies. 

Company Code - 500480

ISIN Nuber - INE298A01020

Security ID - CUMMINSIND

2. ISGEC Heavy Engineering LTD

ISGEC is one of India's oldest names in the industrial machinery sector. They are a multi-product, multi-location company providing engineering solutions for the past 89 years. They are ranked 253rd on the Fortune India 500 list.  
 

Company Code - 533033

ISIN Number - INE858B01029

Security ID - ISGEC

3. Schaeffler India

Schaeffler is one of the oldest machinery manufacturing companies globally. Schaeffler engineering products are available in India. They provide engineering solutions in many sectors, from heavy-duty assembly machinery parts in the automobile industry to simple rolling and plain bearings. 

Company Code - 505790

ISIN number - INE513A01014

Security ID - SCHAEFFLER

4. ELGI Equipments LTD

They are also known as air experts. Air pumps, vacuum pumps, and air compressors are quite popular globally. They have made several advancements in this sector. If your business requires the use of air compressors or vacuum pumps, ELGI equipment is surely the most suitable

 option available out there. 

Company Code - 522074

ISIN Number - INE285A01027

Security ID - ELGIEQUIP 

5. Forbes and Company LTD

Forbes and Company have helped many mid-sized and large-scale industries reinvent and increase the efficiency of their production and assembly lines with the help of their automation solutions and world-class equipment. Their high-end tools, like drill heads, rotary burrs, etc., have also helped many small businesses.

Company Code - 502865

ISIN Number - INE518A01013

Security ID - FORBESCO

6. Kirloskar Brothers LTD

In India, they are known as the pump and valve experts. Their motto, ‘Enriching Lives,’ is what their products stand for. Kirloskar Company can provide you with the highest quality pressure valves and pumps for your business. Along with pumps and valves, they also provide diesel-powered electricity generators for small to mid-sized industries. They also have other companies like Kirloskar Pneumatic Co. LTD that deliver engineering solutions to sectors that deal with pressure-related work.

Company Code - 500241

ISIN Number - INE732A01036

Security ID - KIRLOSBROS

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7. Dynamatic Technologies LTD

They are South Asia’s largest complex aerostructure and the world's largest manufacturer of hydraulic gear pumps. They are one of the most trusted brands in this sector. They are also a part of securing the National Borders of India. They provide machinery solutions in various sectors like aeronautics, hydraulics, automobiles, etc., and multiple sectors. 

Company Code - 505242

ISIN Number - INE221B01012

Security ID - DYNAMATECH

8. DISA India LTD

Many industries, like the food industry and the automobile industry, require castings and moulds. DISA India is a trusted and reliable company that provides excellent casting and moulding solutions. It is also part of the Norican Group which makes its products reliable.

Company Code - 500068

ISIN Number - INE131C01011

Security ID - DISAQ

9. Honda India Power Products LTD

They are the leading players in providing power solutions to mid and small-sized industries. Their multi-purpose equipment may seem small, but it is reliable and trusted globally. Their products include portable generators, water pumps, engines for general purposes, etc. 

Company Code - 522064

ISIN Number - INE634A01018

Security ID - HONDA POWER

10. Kennametal India LTD

They provide tools for large industrial machines like drill heads, holders and adapters, grooving and cut-off tools, mining heads, road rehabilitation equipment, etc. They are one of the leading metalwork tool providers on the market. Their tools are trusted, reliable, long-lasting, and pocket friendly.

Company Code - 505890

ISIN Number - INE717A01029

Security ID - KENNAMET

11. Lakshmi Machine Works LTD

They provide industry-grade machinery for multiple divisions like the textile machinery division, machine tool division, foundry division, etc. They are best known for their lathe machines and advanced machining centres used by the leading corporate industries in India. They are also the leading spinning machine suppliers in the Indian textile industry

Company Code - 500252

ISIN Code - INE269B01029

Security ID - LAXMIMACH

12. Greaves Cotton India LTD

Greaves Cotton is a multi-product company that provides engineering solutions in various sectors through its wide range of solutions. From diesel-powered generators and electric batteries to tires, they provide solutions for the smallest needs in an industry. Their products are trusted and reliable.

Company Code - 501455

ISIN Number - INE224A01026

Security ID - GREAVESCOT

Other Industrial Machinery Companies in India

If you are searching for more companies, you can scroll through this table to get info about other leading industrial machinery manufacturers in India. 

Also Read: Cost, Profit, and Machine for Kurkure Manufacturing Business

Sr. No. 

Company Name 

Company Code 

ISIN Number 

Security ID 

1.

Vajra Bearings LTD 

500438

INE978B01017

VAJRABE

2.

Veejay Lakshmi Engineering Works LTD 

52267

INE466D01019

VJLAXMIE 

3.

Bajaj Steel Industries LTD 

507944

INE704G01024

BAJAJST 

4.

Internal Combustion (India) LTD 

505737

INE403C01014

INTLCOMBQ

5.

Hindustan Udyog LTD 

513039

INE582K01018

ZHINUDYP 

6.

Harish Textile Engineers LTD 

542682

INE01K301012

HARISH

7.

Lokesh Machines LTD 

532740

INE397H01017

LOKESHMACH

8.

Nitin Fire Protection Industries LTD 

532854

INE489H01020

NITINFIRE 

9.

NRB BEARINGS LTD.

530367

INE349A01021

NRBBREARING

10.

Shivagrico Implements LTD 

522237

INE092H01014

SHIVAGR

11. 

Meera Industries LTD 

540519

INE343X01018

MEERA 

12. 

Rishi Lasers LTD 

526861

INE988D01012

RISHILASE

13. 

Birmingham Thermotech LTD 

531428

INE782B01013

BIRMT 

14.

Polymechplast Machines LTD 

526043

INE809B01014

POLYCHMP 

15. 

Alpha Graphic India LTD 

531720

INE952B01020

ALPGRAPH 

16. 

DHP India LTD.

531306

INE590D01016

DHPIND

17.

Ion Exchange LTD 

500214

INE570A01014

IONEXCHANG

18.

Revathi Equipments KTD 

505368

INE617A01013

REVATHI19

19. 

AXTEL Industries LTD 

523850

INE767C01012

AXTEL

20. 

Elecon Engineering Co. LTD 

505700

INE205B01023

 

ELECON 

Conclusion

The machine industry or machinery industry is a subsector that produces and maintains machines for consumers, industry, and most other companies in the economy. As the country moves into development mode, the growth of heavy industries continues to play a key role in the country's development. These top 12 largest machinery manufacturers in India are some of the pioneers and industry leaders in technology advancement. 
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FAQs

Q: Can Machinery Equipment be imported?

Ans:

Yes, machinery can be imported into India, but you must get your company an IEC number to do so. The Directorate General of Foreign Trade under the Ministry of Commerce and Industry grants it.

Q: Can loans be availed of from banks for the purchase of machinery equipment?

Ans:

Yes, you can get a loan for purchasing heavy industrial machinery, but you might need to fulfil some criteria. These criteria may vary from bank to bank or customer to customer.

Q: Does any company provide custom engineering solutions to meet business Does any company provide custom engineering solutions to meet business needs??

Ans:

Yes, there are several companies like Birla Precision Solutions LTD or Ingersoll-Rand (INDIA) LTD that provide custom engineering solutions that vary from customer to customer.

Q: What goods fall under industrial machinery?

Ans:

Goods used as equipment in industries, like drills, saws, conveyor belts, bearings, power generators, saw blades, etc., are considered industrial machinery equipment. Even heavy-duty cranes, mechanical diggers, and excavators fall under this category.

Q: What is the largest machinery equipment company in India?

Ans:

According to sales figures in recent years, Cummins India Limited is the largest industrial machinery company in India.

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Disclaimer :
The information, product and services provided on this website are provided on an “as is” and “as available” basis without any warranty or representation, express or implied. Khatabook Blogs are meant purely for educational discussion of financial products and services. Khatabook does not make a guarantee that the service will meet your requirements, or that it will be uninterrupted, timely and secure, and that errors, if any, will be corrected. The material and information contained herein is for general information purposes only. Consult a professional before relying on the information to make any legal, financial or business decisions. Use this information strictly at your own risk. Khatabook will not be liable for any false, inaccurate or incomplete information present on the website. Although every effort is made to ensure that the information contained in this website is updated, relevant and accurate, Khatabook makes no guarantees about the completeness, reliability, accuracy, suitability or availability with respect to the website or the information, product, services or related graphics contained on the website for any purpose. Khatabook will not be liable for the website being temporarily unavailable, due to any technical issues or otherwise, beyond its control and for any loss or damage suffered as a result of the use of or access to, or inability to use or access to this website whatsoever.