- An annual report rolled out by Fast Company which reveals the world’s top innovative companies across 44 sectors.
- In this report, we will take you through India’s most innovative companies.
Today’s fast-moving and demanding generation are not all about a fancy start-up and its top-notch approach. To sink in the minds of consumers, having an innovative approach is a must. But who are the companies that fit in the world of innovation? To make things easy, Fast Company revealed the World’s most innovative companies.
In this article, we will take you through the most innovative companies in India. To view the full global list, click here.
What is Fast Company All About?
Fast Company is the world’s leading business media brand that focuses on innovation in technology, leadership, captivating ideas, creativity, and design. We definitely can rely on the list of most innovative companies in India if the list is coming from Fast Company.
What is The Methodology Behind Finding Out Most Innovative Companies in India?
Be it the global list or the list dedicated to India’s most innovative companies, the company is very clear to select the contenders. Which is nothing but their (company’s) approach of having an innovative approach?
Fast Company’s editors and writers judged nominations received through application processes as well as the team selected some by themselves as well.
The list is not something new to the world. Fast Company has a ritual of rolling out the list every year. This simply means that we can definitely rely on their nominations of most innovative companies in India.
Without wasting much time, let’s discover who all are on the list of most innovative companies in India.
Most Innovative Companies in India – The List:
1. Meesho –
First on the list is Meesho. A Bengaluru based social commerce platform has more than 2 million users as its shopkeepers. Meesho lets users build curated online stores by selecting merchandise from more than 20K small and medium suppliers.
If we talk about the product offering of Meesho, then we have options like jewelry, home, and kitchen. Users market these goods to their personal networks through Facebook, Instagram, and WhatsApp. Meesho in return takes a commission between 10-20%.
Homemakers in India who use the app have achieved financial freedom without leaving the house physically. Isn’t it an innovative approach that comes with a social cause?
2. Milk Mantra –
Kicked off in Odisha, Milk Mantra is an Indian agricultural dairy product start-up. It was established in 2009 by the former director at Tetley and was first operational in 2012.
The start-up produces and distributes milk and other milk-based products like buttermilk, cottage cheese, curd, and yogurt.
In a country like India when almost everything has fair chances of adulteration, there is some start-up that comes form the backbone of the economy (agriculture) and promises to deliver top quality milk-based products.
Milk Mantra definitely deserved to be one of the most innovative companies in India.
3. CIPLA –
We need to thank CIPLA for being able to cure deadly diseases like AIDS. Every deadly disease comes with an innovative approach to tackle. With CIPLA’s new drug – Quadrimune which also comes in strawberry flavor, it has helped save innumerable lives across the globe.
4. Udaan –
While all the companies were struggling to grab a place in the B2C universe, Udaan tried something different and now the team is flying a smooth ride. India’s first B2B marketplace for 2 million retailers in 900 cities, Udaan is not only on the list of most innovative companies in India, but it’s also one of the favorite start-ups India ever had.
Its mobile app connects 150,000 traders and retailers in the country, enabling SMEs to do business directly with manufacturers.
5. Ambee –
Something different, innovative and worth a try. While NCR suffers some serious drop in its air quality, there is a start-up that measures its quality.
Ambee in an air-quality data network whose sensors measure air quality in terms of dust, particulate matter, volatile organic compounds and every other checkpoint that is measurable in terms of finding a fine air quality.
6. Locus –
Indian start-ups are not innovative only in terms of offering products to end consumers. Locus is one start-up that takes care of all A-Z of supply chains through its constantly improving AI approach.
The company automates tasks that previously required significant human labor like tracking inventory, transporting goods from one place to another and many more.
With Locus making such complex tasks simple for humans, it deserves to be on the list of most innovative companies in India.
7. Niki.AI –
India’s first voice and vernacular enable the eCommerce platform. Headquartered in Bangalore, it was founded in 2015 by IIT ‘Kharagpur graduates.
Its product is AI-powered chatbot which works like an intelligent personal assistant name Niki. Users can interact with Niki in their natural language and it will come with the best of the best suggestions.
It’s definitely not easy to come up with something that understands the running language of users and reply accordingly. Which is why Niki.AI is on the list of most innovative companies in India.
8. Urban Company –
How difficult it was to get in touch with laborers, home cleaners, beauticians sometime ago. But with Urban Company, today we have a plethora of freelance labor and home services right outside our door.
With just a call away we can boo appointments for body massage, entire house cleaning, AC repair services and much more.
The company not only made our job easy but also provided employment to many based on their skillset. Why shouldn’t Urban Company not be on the list of most innovative companies in India when they come with a win-win situation?
9. CureFit –
India’s one of the leading gym chains that not only have gyms with sophisticate machines. But the company is also focused on diet plans, along with mental health tools.
CureFit just raised the bar of gym business in India. While all other gym chains were offering just machines and a place to work out, CureFit went a step ahead and is not a one-stop solution for all the fitness enthusiasts.
10. B9 Beverages:
Last but not least. We’ve all tasted Bira91 which comes out from the house of B9 Beverages. Recently amid losses, the company raised a good amount of funding and is said to come up with more tastes in its beers.
From its cute little monkey to its tasty-tasty beers, B9 seems to be unstoppable in terms of innovations.
So these were the top 10 companies coming from our motherland that are disrupting in their niches. Disruption not only in terms of product or service offering, idea generation but disruption in terms of innovative approach.
We hope you liked the list of most innovative brands in India because we loved it while we were putting it in front of you.