India’s most admired construction brands 2023
Real Estate

India’s most admired construction brands 2023

The term ‘admired’ is one of life’s great intangibles – it is easy to understand but hard to define! If one were to reduce it to words, though, it connotes something worthy of acclaim and applause, commendation and praise. That has been our intent when we honour India’s Most Admired Construction Brands every year, beginning in 2021.

The endeavour of selecting companies that make this grade is a stringent exercise, especially at a time when – as a Morgan Stanley report has predicted – India’s GDP could well double from the current $ 3.5 trillion to over $ 7.5 trillion by 2031. Similarly, the country’s construction market is expected to achieve an average annual growth rate of over 6 per cent from 2024 to 2027.

Against this backdrop, some companies enjoy enhanced brand visibility and go the extra mile to execute the tallest, largest, smartest and most demanding and complex projects. These visionaries, all leaders in their individual space, believe in staying ahead of the curve by crafting marketing strategies that resonate with their aspirations, setting an inspiring example for others to follow, despite the turbulent times.

To separate the grain from the chaff and select our winners, 184 brands spanning eight categories – contractors, real estate, cement, steel, construction equipment, chemicals, paints and tiles, sanitaryware and glass – were put to the vote. Respondents had to submit a minimum of five votes on the CW website by choosing one company each from five categories, or give a maximum of 24 votes by choosing three companies from each of the eight categories. They were also given the option of writing in to CW to add a name that they felt should have been featured. Respondents were asked to base their choice, as per their perception, on criteria such as commitment to customers, corporate governance, ethics, best business practices, social responsibility, adaptability, eco-friendly and customer-friendly policies and transparency, among others.

It must be noted that the upward trajectory of these trailblazers, who have shown remarkable resilience in the face of market uncertainty in a fiercely competitive landscape, has not always been smooth. But they chose to persist in their efforts to set new industry benchmarks with their grit and passion. Thus, these awards are a testament to how these companies have redefined marketing paradigms, their ability to challenge convention and their relentless pursuit of innovation.

The 7 winners are:

1) Ashoka Buildcon
2) DLF
3) JCB India
4) Larsen & Toubro
5) L&T Construction & Mining Machinery
6) Schwing Stetter India
7) Tata Hitachi Construction Machinery

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

The term ‘admired’ is one of life’s great intangibles – it is easy to understand but hard to define! If one were to reduce it to words, though, it connotes something worthy of acclaim and applause, commendation and praise. That has been our intent when we honour India’s Most Admired Construction Brands every year, beginning in 2021. The endeavour of selecting companies that make this grade is a stringent exercise, especially at a time when – as a Morgan Stanley report has predicted – India’s GDP could well double from the current $ 3.5 trillion to over $ 7.5 trillion by 2031. Similarly, the country’s construction market is expected to achieve an average annual growth rate of over 6 per cent from 2024 to 2027. Against this backdrop, some companies enjoy enhanced brand visibility and go the extra mile to execute the tallest, largest, smartest and most demanding and complex projects. These visionaries, all leaders in their individual space, believe in staying ahead of the curve by crafting marketing strategies that resonate with their aspirations, setting an inspiring example for others to follow, despite the turbulent times. To separate the grain from the chaff and select our winners, 184 brands spanning eight categories – contractors, real estate, cement, steel, construction equipment, chemicals, paints and tiles, sanitaryware and glass – were put to the vote. Respondents had to submit a minimum of five votes on the CW website by choosing one company each from five categories, or give a maximum of 24 votes by choosing three companies from each of the eight categories. They were also given the option of writing in to CW to add a name that they felt should have been featured. Respondents were asked to base their choice, as per their perception, on criteria such as commitment to customers, corporate governance, ethics, best business practices, social responsibility, adaptability, eco-friendly and customer-friendly policies and transparency, among others. It must be noted that the upward trajectory of these trailblazers, who have shown remarkable resilience in the face of market uncertainty in a fiercely competitive landscape, has not always been smooth. But they chose to persist in their efforts to set new industry benchmarks with their grit and passion. Thus, these awards are a testament to how these companies have redefined marketing paradigms, their ability to challenge convention and their relentless pursuit of innovation. The 7 winners are: 1) Ashoka Buildcon 2) DLF 3) JCB India 4) Larsen & Toubro 5) L&T Construction & Mining Machinery 6) Schwing Stetter India 7) Tata Hitachi Construction Machinery

Next Story
Infrastructure Energy

Tata Power Secures Karnataka Transmission Project

Tata Power has won a power transmission project in Karnataka after emerging as the successful bidder in a tariff-based competitive bidding process run by PFC Consulting, a wholly owned subsidiary of Power Finance Corporation. The company received a Letter of Intent from PFC Consulting for a renewable energy evacuation scheme to be delivered under a Build, Own, Operate and Transfer model. The award follows a competitive selection and positions the firm to expand its transmission activities in the state. As part of the contract, Tata Power will acquire the special purpose vehicle (SPV) created f..

Next Story
Infrastructure Energy

S&P Global Says Tariff And Investment Rules Needed In Power Market

Researchers at S&P Global Energy, the research arm of S&P Global, said that government regulation on tariff and investment should complement competition in power markets, since transmission and distribution remain natural monopolies requiring large capital investments. The firm argued that enabling competition among existing companies is more important than bringing in more entrants. It noted that the power sector is a heavy industry where scale delivers value, particularly in transmission and distribution. The researchers emphasised that regulation must address tariff setting and investment p..

Next Story
Infrastructure Energy

Assam Expands Power Infrastructure To Meet Rising Demand

Assam is expanding its power infrastructure to meet rising demand and to become an energy-surplus state, Chief Minister Himanta Biswa Sarma said. The administration has accelerated investments and projects aimed at strengthening supply across the state. The expansion forms part of broader development planning that links energy availability to economic and social objectives. The state currently operates 82 substations and a grid with 10,000 megavolt-ampere (MVA) capacity supported by a 5,300 circuit-kilometre transmission network. Officials said these assets form the backbone of distribution an..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement