By FMTeam Did you know that recently, in 2022, more than US$10.50 billion worth of bilateral trade was done between India and Canada? That really goes to show how good of a business these two nations have with each other. Though recently there were some tough times, still, the links are strong and with that, we mean the “business” is still strong between these two nations. And the evidence of that can be seen in the list of companies that are working in these nations from both sides, like Indian companies in Canada and Canadian companies in India. But today, we are here to only take a look at the top 10 leading Canadian companies in India as of 2024. Here we go.
1. CGI Information Systems & Management Consultants Pvt Ltd
CGI Information Systems, an IT and consultancy giant right here in India with Canadian backing, relies on India for its global operations, that’s for sure. Indeed! CGI excels in banking, insurance, telecommunications, and government using India’s tech talent. For those who don’t know, you see, CGI handles digital transformation, IT outsourcing, and business consultancy. A “Great Place to Work” and “Top Employer” in India, CGI’s commitment to employee well-being and professional progress is just on another level.
2. Brookfield Asset Management
Brookfield Asset Management is one such Canadian company that is specifically involved in renewable energy and infrastructure investments right here in India. As per the headlines, their renewable energy assets are expected to increase to over $10 billion soon. Their solar and wind investments, including an Axis Energy Ventures partnership, are fueling growth, that’s for sure. And yes, Brookfield acquired American Tower’s Indian operations for $2.5 billion, becoming the country’s largest telecom tower operator.
3. Apotex Pharmachem
Now, let’s come to the pharma industry of India, and sure, there are big names like Apotex Pharmachem, part of Apotex Inc., all the way from Canada capturing a significant market share in this particular segment of the Indian market. Talking about something recent, you see, Apotex develops and manufactures high-quality APIs in Bangalore’s modern facilities. And yes, Apotex opened a Global Business Services office in Mumbai to centralize regulatory and quality management. SK Capital Partners’ acquisition of Apotex seeks to make it a global health leader by leveraging its Indian roots for growth and innovation, you know?
4. Thomson Reuters India Pvt Ltd
You see, with their cutting-edge solutions, Thomson Reuters makes it possible to get accurate law and business information right away. They’ve been adding AI to their goods, like the cutting-edge CoCounsel that was made with Microsoft Copilot, do you know anything about that? This tool is changing the way work gets done and how decisions are made. Thomson Reuters is dedicated to Environmental, Social, and Governance (ESG) projects in addition to its technology work.
5. McCain Foods India Pvt Ltd
Have you ever had Aloo Tikki or 3-minute Idli as a quick snack? That thing most likely comes from McCain Foods India! McCain has done a great job of making its frozen food options more Indian-friendly, you know? McCain works to educate consumers and improve the delivery network in order to deal with problems like consumers not being aware of these issues and inadequate cold chain infrastructure. They’ve also paid attention to sustainability under Piyush Patnaik’s leadership, supporting regenerative farming methods through Innovation Hub farms.
6. The Bank of Nova Scotia (Scotiabank)
Scotiabank is making news in India by putting a lot of effort into cloud-based services. Why exactly? Well, by working with Google Cloud, they are bringing their processes up to date and making their digital services better. This move is part of Scotiabank’s larger plan to use AI and data analytics to make sure that its banking services are safe and tailored to each customer, you know? Scotiabank is a good choice for supporting trade and investment between Canada and India because it offers many services, such as personal and business banking, wealth management, and investment banking.
7. Magna International Inc
Magna International stands out in the fast-paced world of car creation even right here in India. This world leader just put $120 million into a new research and development center in Bangalore. The center will focus on e-mobility technologies like software-defined cars and electrifying the powertrain. Over 1,000 engineers and experts will work in this center, which is meant to be a hub for new ideas. Without a single doubt. Magna is committed to the Indian market, as shown by their relationship with Tata AutoComp Systems to provide advanced seating systems for commercial vehicles.
8. Fairfax Financial Holdings
Through Fairfax India Holdings Corporation, Fairfax Financial Holdings is one of the most important companies for investing in India. Even though early 2024 was a tough financial year, Fairfax India is still dedicated to maximizing returns. Though, they recently made a lot of money by selling some of their National Stock Exchange of India (NSE) shares. With changes in leadership coming up, they expect new ideas to improve their investment plan.
9. Ontario Teachers’ Pension Plan
India is being changed by the Ontario Teachers’ Pension Plan in big ways, especially when it comes to infrastructure and green energy. They sure want to build long-term relationships and find investments in the area by opening a new office in Mumbai, you know? One important thing they did was join forces with the Mahindra Group to create the Sustainable Energy Infrastructure Trust (SEIT). Right now, SEIT is in charge of 1.54 GW of green power assets. Ontario Teachers’ Pension Plan’s investment in Mahindra Susten, which gave them a 49% stake, shows how much they want to expand green energy projects.
10. Air Canada
India has become a much bigger market for Air Canada, which is Canada’s biggest airline. They will have 25 flights a week during the winter of 2024 to 25. One of them is a new nonstop route from Toronto to Mumbai, which will be the only direct link between these two towns. This expansion makes it easier for travelers to meet and get services, that’s what we are pretty certain about.
Conclusion
That’s all for now. We don’t know for what reason you needed this information, but we hope that today’s post regarding these Canadian companies in India was helpful to you. Sure, there are dozens more Canadian companies that are doing business right here in India, but to know more about those, you’d have to dig a little deeper on your own.