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Business and Finance in Chennai

About - Business and Finance in Chennai

Popular as the Automobile City’ of the country, Chennai is the fourth largest metropolitan of the country. Accounting for over 45 percent of automobile components and 27 percent of vehicles Chennai is the manufacturing hub of some of the most renowned automobile companies like as Hyundai, Ford, Royal Enfield, Mitsubishi, TVS, Dunlop and MRF. Known as a diversified economy Chennai has also managed to gain a strong foothold in the software industry. Emerging as the base for software giants such as Infosys, Wipro, Accenture and HP this city is surely the next IT hub of the nation. Apart from the above mentioned industries the other major industries in this part of the country include Hardware Manufacturing Coffee, Coir, Tea, Electronics, Petrochemicals, Textiles, Entertainment, Software Services, Financial Services and Apparels. Chennai also enjoys surplus production of fasteners, Electrical Stampings, Pressed Steel, Builder's Hardware and PVC Pipes which are exported to most of the country’s in Asia. An important place from the point of view of the banking industry Chennai is home to some of the finest financial companies and international banks. An important city to the country from the point of view of business and finance Chennai is one of the major contributors to the GDP of the country.

Below is list of the important business and financial centers in Chennai

Major Commercial Hubs in Chennai

Anna Salai

One of the most frequented areas of Chennai Anna Salai is a major shopping and commercial destination in the city. It houses some of the major shopping complexes and a number of restaurants, hotels, stores, art galleries and branded showrooms.

Mahatama Gandhi Road (M.G. Road)

Aptly the busiest commercial center of Chennai Mahatama Gandhi Road is situated in the heart of city. It is also called the Nungambakkam High Road (NH Road) because it is located in the Nungambakkam division of MG Road. . The road is infested with commercial office spaces, financial institutions, Banks like ICICI Bank and ABN Amro , institutions, up market and shopping complexes. Some of the important landmarks of this business and financial center in Chennai include Ayakar Bhavan (Office of Income tax department), Institute of Chartered Accountants of India, Office of Central excise and customs and some famous hotels like Taj Coromandel and The Park.

Major Business Center

Chennai Trade Center in Chennai

One of the major commercial and business centers in the city the Chennai Trade Center is located in Nandambakkam a prime location in the city. Established by the Indian Trade Promotion Organization this business center is used for conducting major conferences, conventions, cultural shows and trade fairs of the country. Centrally air conditioned and equipped with the latest technologies like infra-red digital interpretation systems, theatrical lighting system etc this business center in Chennai is the most preferred business meeting venue of foreign and local conglomerates.