The list of retail companies in India is focusing on the semi-urban and rural sectors heavily as there is increasing levels of disposable incomes in these regions coupled with growing awareness about the latest FMCG products. The top retail companies in India contribute as much as almost 10% to the annual GDP of India. The top 10 retail companies in India generate almost 60% of their sales from the rural FMCG customer base in India and are increasing their investments on widening their distribution networks for these markets. Extensive Indian retail industry analysis has shown that India is among the top 10 largest consumption nations in the world and is predicted to become the third largest consumer economy in the world within the next ten years. Also, many top retail companies in the world are getting into M&A with the best retail companies in India to create the best upcoming retail brands in India.
The market for Indian retail companies and the complete list of retail companies in India are projected to expand at a CAGR of more than 6% to surpass $850 billion by the end of 2022 from the current $580 billion at the beginning of 2018. The top retail companies in India provide around 8% of the employed population in the country. Furthermore, with the effects of globalization and increased rate of urbanization, the best retail companies in India are forecasted to witness a rapid growth in the next few years. The top retail companies in the world have already entered the retail market in India and launched many departmental stores in India. Indian retail industry analysis reveals that e-commerce and online retail is also likely to emerge as one of the fastest growing segments in the Indian retail industry and open new channels of growth for the top 10 retail companies in India.
Top 10 Retail Companies in India
1. Reliance Retail
Reliance Retail is on the top of the list of retail companies in India and one of the best retail companies in India. This top 10 retail companies in India was established in 2005 at Mumbai, India by Mukesh Ambani and has more than 45 subsidiaries that are the top retail companies in India. Some of the notable brands of Reliance Retail are Reliance Fresh, Reliance Digital, Reliance LYF & Jio, Reliance Trends, and AJIO. This top retail companies in the world have more than 3,750 departmental stores in India covering more than 14 million square feet of retail space at the end of 2017. The annual revenue of Reliance Retail was estimated to be more than $7 billion and has more than 88,000 employees across 750 cities.
Corporate Office: Reliance Retail, 3rd Floor, Court House, Lokmanya Tilak Marg, Mumbai-400 002
2. Future Group
Future Group is another of the top retail companies in India according to the most reliable Indian retail industry analysis by a leading market research company Technavio. Future Group was incorporated at Mumbai, India by Kishore Biyani in 1987 by the name of Manz Wear. It is on the best list of retail companies in India and has many upcoming retail brands in India such as Future Retail, E Zone, Big Bazaar, Food Bazaar, Nilgiris 1905, HyperCity, Central, and Brand Factory. This top retail companies in India has an annual revenue of around $3.5 billion and employs over 35,000 professionals across the country.
Corporate Office: Future Retail Home Office, Tower C, 247 Park, LBS Marg, Vikhroli (W), Mumbai – 400 083
3. Trent
Trent is a top 10 retail companies in India and this best retail company in India is a part of the Tata Group. Trent was founded in 1998 at Mumbai, India and more than a hundred large departmental stores in India. Some of the best retail brands in India owned by Trent are Westside, Star Bazaar, and Landmark besides JV with top retail companies in the world like Tesco, Zara, and Lakeland. This top 10 retail companies in India was estimated to have an annual revenue of worth around $2.5 billion and has more than 25,000 employees working for this best retail company in India.
Corporate Office: Trent House, G Block, Bandra Kurla Complex-Bandra East, Mumbai – 400051
4. Aditya Birla Retail
Aditya Birla Retail is one of the best retail companies in India on the list of retail companies in India. This Indian retail company was established in 2007 by Kumar Mangalam Birla at Mumbai, India. This top retail companies in the world is a part of the Aditya Birla Group which has a $50 billion turnover. The upcoming retail brands owned by Aditya Birla Retail are Pantaloons, More, Madura Garments, Idea Cellular and Planet Fashion. This top 10 retail companies in India has an annual revenue of more than $2 billion and employs over 15,000 professionals across 600 departmental stores in India.
Corporate Office: Aditya Birla Centre, 3rd Floor, S K Ahire Marg, Worli, Mumbai
5. Titan Company
Titan Company, one of the top retail companies in India was incorporated as a joint venture between the Tata Group and Tamil Nadu Industrial Development Corporation (TIDCO) in 1984 at Bangalore, India. The major retail brands owned by this top of the list of retail companies in India are Titan Time, Fastrack, Skinn, Tanishq, Titan Eyeplus, and Sonata. Extensive Indian retail analysis reveals that this best retail company in India has an annual turnover of almost $2 billion with a net income of $120 million. Also, this top 10 retail companies in India has more than 1000 departmental stores in India and more than 7,500 employees are working for this group of Indian retail companies.
Corporate Office: Titan Company Limited, `INTEGRITY’ #193, Veerasandra, Electronic City P.O., Off Hosur Main Road, Bangalore-560100
6. Shoppers Stop
Shoppers Stop is a top apparel retail company in the list of retail companies in India. Shoppers Stop was established in 1991 by the K Raheja Group at Mumbai, India. Currently, this top retail companies in India has expanded to a network of 82 departmental stores in India covering 38 cities in the country. This best retail companies in India has an annual revenue of more $400 million and employs more than 15,000 retail professionals across the country. The upcoming retail brands in India owned by Shoppers Stop are HomeStop, Mothercare, Crossword, and Life.
Corporate Office: SHOPPERS STOP LTD., Umang Tower, 5th Floor, Mindspace, Off. Link Road, Malad (West), Mumbai – 400 064
7. The Raymond Group
The comprehensive list of retail companies in India has always featured The Raymond Group as one of the oldest and top retail companies in India. This best retail company in India was founded in 1944 by VIjaypat Singhania and is part of the JK Group of companies. This top 10 retail companies in India own upcoming retail brands in India such as Parx, Park Avenue, Raymond, Kama Sutra, Manzoni, and Color Plus. This top retail companies in the world have over 700 departmental stores in India spread across 200 cities. The Raymond Group has an annual turnover of around $3 billion and employs more than 7,000 personnel.
Corporate Office: Raymond Limited, New Hind House, Narottam Morarjee Marg, Ballard Estate,
Mumbai – 400 001
8. Avenue Supermarts Ltd
Avenue Supermarts Ltd is a top retail company in India on the list of retail companies in India. This top 10 retail companies in India was formed in 2002 at Mumbai, India by Radhakishan Damani. The top upcoming retail brands in India owned by Avenue Supermarts Ltd are D Mart, D Mart Minimax, D Mart Premia, D Homes, and Dutch Harbour. As per various Indian retail industry analysis, this top retail companies in the world is one of the fastest growing Indian retail companies with over 150 departmental stores in India and an annual revenue of close to $1.9 billion in 2017.
Corporate Office: D-Mart Home. Anjaneya Cooperative Housing Society Ltd, Orchard Avenue, Powai,
Mumbai – 400076.
9. Godrej Consumer Products Limited
Godrej is another top Indian retail companies with over 120 departmental stores in India. This top of the list of retail companies in India was established in 2001 by Adi Godrej at Mumbai. The leading and upcoming brands owned by Godrej are Nature’s Basket, Good Knight, BBlunt, Godrej Aer, and Cinthol. This top retail companies in India has an annual turnover of almost $38 billion with more than 1,200 employees working for this top retail company in the world. Also, Godrej owns an online grocery portal that is gaining high traction for the past few years.
Corporate Office: Godrej group, 4th floor, Pirojshanagar, Eastern Express Highway, Vikhroli (East),
Mumbai 400 079
10. Provogue
Provogue is another top retail companies in India on the list of retail companies in India with around 50 departmental stores in India and employing around 500 professionals across the country. This top 10 retail company was founded in 1997 at Mumbai, India. This leading Indian retail company has many upcoming retail brands in India for apparel, eyewear, accessories, and watches. This top retail companies in the world also have an online shopping portal and a presence on various B2C shopping portals like Flipkart and Amazon India.
Corporate Office: Provogue House, 1st Floor, Andheri West, Mumbai – 400053
Prospects of Retail Companies in India
The top retail companies in India are expected to thrive in the coming few years owing to improving standards of living in the region coupled with rising levels of disposable income. The list of retail companies in India is focusing on expanding their upcoming retail brands into new market territories as the rapid industrialization and globalization have opened bigger avenues for growth of the best retail companies in India. Extensive Indian retail industry analysis has shown the Indian retail companies are likely to propel the retail market in India beyond a value of $1 trillion within the next ten years. The top retail companies in the world are also foraying into the Indian retail industry and launching several departmental stores in India. Overall, the top 10 retail companies in the world are likely to have a robust growth as India enters the top 5 largest retail consumer country in the world.
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