A sprawling metropolis on India’s west coast, Mumbai is the commercial and financial nerve centre of the country.
The quintessential cosmopolitan city, Mumbai is home to diverse ethnicities and religions and is one of the few Indian cities where you can find people from every state and region of the country.
Mumbai’s seaport handles more than half of India’s maritime cargo while its airport is the busiest in the country. It is a major manufacturing centre in the region and a prime destination for international imports and exports.
Mumbai is the richest city in India with a GDP of $209 billion. It contributes 60% of all custom duty collection, 20% of the central excise tax collection and 40% of foreign trade collections to the national economy. The city is a powerhouse of commerce, industry and entertainment.
Major IndustriesCommerce and Finance
Mumbai is the undisputed financial capital of India. Both the National Stock Exchange (NSE) and the Bombay Stock exchange (BSE) are here, as well as almost all major brokerages, mutual fund companies and asset management companies. The State Bank of India, the country’s biggest bank is headquartered here, as are the financial and monetary regulatory authorities of India like SEBI and RBI.
Mumbai owes much of its initial rise as a commercial centre to the cotton textile industry based here. Though in the last few decades the prominence of the textile industry has somewhat waned, Mumbai is still home to 3 of the 5 biggest textile companies in India. Collectively this textile industry employs tens of thousands of skilled and unskilled labor and generates hundreds of millions of dollars in revenue.
The Hindi entertainment industry took roots in Mumbai in the early 20th century and has flourished here ever since. Mumbai is now the heart of the Hindi Film Industry.
Bollywood, as the industry is colloquially known, employs tens of thousands of artists and technicians with more joining the ranks every year. ‘Bollywood’ churns out a massive number of movies every year and surpasses any other film industry in the world in terms of size and output.
Most of the television channels and satellite networks are based here and the vast majority of Hindi TV shows are produced in Mumbai. Mumbai is also home to most of the big publishing houses and advertising agencies in the country and often competes with Delhi for the title of ‘Fashion Capital of India’.
Mumbai is a major automobile-manufacturing centre. Everything from cars, tractors and heavy vehicles is manufactured here. Mahindra & Mahindra Ltd., one of India’s biggest automobile manufacturers, has its headquarters here and numerous small, medium and large sized companies operate vehicle-manufacturing plants in and around the city.
The largest IT company in India, Tata Consultancy Services (TCS) is based in Mumbai. TCS employs more than 3,00,000 employees and generates annual revenues exceeding $10 billion. Mumbai also has a significant BPO workforce and the size of the IT industry in Mumbai has increased steadily in the last decade.
5 of the 10 biggest pharmaceutical companies in India are based out of Mumbai. Lupin, Glaxo Smithkline and Sun Pharmaceutical all have their corporate offices here. The city has the single biggest concentration of pharma bigwigs anywhere in the country.
Jobs in MumbaiThere are career opportunities galore here. Anyone looking for a job in almost any field at any level, in this one-of-a-kind metropolis will not be disappointed. If you can match the verve and vigor of the city then Mumbai will accept and embrace you as one of its own and turn you into a proud ‘Mumbaite’!