List of Canada based companies in India

Top Canadian companies like Apotex Pharmachem, McCain Foods, Air Canada, etc. have successfully established their presence in the Indian economic scene after India opened up its economy to the world.

India and Canada have always shared good political relations which is also reflected in their economic ties. Today we can find Canadian companies investing in various sectors across India like manufacturing, IT, healthcare, energy, etc. Due to India’s robust economic landscape and its ability to attract foreign investors.

We have curated the list of Canada-based companies in India.

List of Canada-based Companies in India

India as an ever-growing and adapting economy is an investor’s dream. The country has a booming startup ecosystem, a flourishing healthcare sector, and great infrastructure development opportunities; These reasons coupled with government aid with regards to Foreign Direct Investment (FDI) make India an attractive place for investment.

Canada has done the same and we see many Canadian companies contribute to India’s economic growth. The top Canada-based companies in India are listed below in the table.

S.No.	Top Canada based companies in India	Industry
1.	Apotex Pharmachem	Pharmaceutical
2.	CGI Information Systems & Management Consultants	Information Technology and Services
3.	Sun Life Financial Inc	Financial Services
4.	McCain Foods India	Food Processing
5.	IBI Group	Architecture and Infrastructure Design
6.	Bank of Nova Scotia	Banking and Financial Services
7.	Lea Associates South Asia	Construction, Infrastructure, Coworking, Consulting
8.	Thomson Reuters India	Advertising, Media
9.	Air Canada (RL Group)	Airlines, Aviation, Defence, Drone
10.	CPP Investment Board	Financial Services
11.	British Columbia Investment Management Corporation (BCI)	Financial services
12.	Magna International Inc	Automotive and Mobility Technology
13.	Brookfield Asset Management	Alternative Asset Management
14.	OMERS	BFSI, Fintech
15.	Ontario Teachers’ Pension Plan	BFSI, Fintech
16.	Fairfax Financial Holdings	BFSI, Fintech

Top Canada Based Companies in India:

The top Canada based companies that were listed above have been discussed in detail below:

1. Apotex Pharmachem:

Industry	Pharmaceutical
Company Type	Private
Location	Headquarters in Brantford, Ontario, Canada.
Founded in	1974

Apotex Pharmachem is a subsidiary of the Canadian company Apotex, which produces and distributes generic medications for health conditions like cancer, diabetes, high cholesterol, glaucoma, infections and blood pressure. Apotex Pharmachem is also invested in research for healthcare and is responsible for the speedily improving healthcare infrastructure of India.

2. CGI Information Systems & Management Consultants:

Industry	Information Technology and Services
Company Type	Private Limited
Location	Offices in Hyderabad, Chennai, Bangalore and Mumbai
Founded in	1991

CGI, one of the leading Canadian enterprises in India, gives it customers end-to-end services and solutions, like strategic IT and business consulting, systems integration, intellectual property, and managed IT and business process services. It has helped in generating significant amount of employment for the young workforce in India, especially in the IT sector.

3. Sun Life Financial Inc:

Industry	Financial Services
Company Type	Insurance and Financial Services Provider
Location	Based in Canada with a significant presence in India
Founded in	1994

Sun Life Financial Inc. is a joint venture with the global company Aditya Birla Nuvo Limited and holds a 49% stake in Aditya Birla Sun Life Insurance, which is their joint venture. The company provides services like Financial advice and planning, Life, health and travel insurance products to its customers. It is a key player in the insurance market of India.

4. McCain Foods India:

Industry	Food Processing
Company Type	Private
Location	Headquarters in Florenceville, New Brunswick, Canada
Founded in	1998

McCain Foods India is a subsidiary of Canadian company McCain Foods and is known for their frozen food industry with products like French fries and potato-based snacks. McCain has revolutionized the Indian frozen food industry by catering to the Indian market by combining international quality standards with local tastes, making it a key player in the food processing industry in India and the subcontinent.

5. IBI Group:

Industry	Architecture and Infrastructure Design
Company Type	Public
Location	IBI Group operates globally, headquarters in Canada.
Founded in	1974

IBI Group Inc. is an architecture, engineering, planning, and technology firm based in Canada operating worldwide. IBI integrates productivity tools, processes and technological innovations developed through its Intelligence practice, and has ensured exceptional growth in its traditional Buildings and Infrastructures practices. The company has actively participated in several smart city initiatives in India.

6. Bank of Nova Scotia:

Industry	Banking and Financial Services
Company Type	Public
Location	Headquartered in Toronto, Ontario, Canada.
Founded in	1832

The Bank of Nova Scotia, or Scotiabank, based in Canada with offices in India, brings international financial standards to its Indian operations. The bank’s involvement in India goes beyond conventional banking as it supports trade and investment flows between India and Canada as well. It plays a crucial role in fostering economic growth between the two countries.

7. Lea Associates South Asia:

Industry	Construction, Infrastructure, Coworking, Consulting
Company Type	MNC
Location	Mathura Road, New Delhi
Founded in	1993

Lea Associates South Asia is a part of the LEA Group from Canada, has carved out a significant niche in the Indian market as a leading consulting firm in engineering and planning. LASA’s wide range of expertise include roads and highways, urban development, traffic and transportation engineering, water resources, environmental and social planning, and railways. They are an important contributor to India’s development goals as they have modified their expertise to the Indian context.

8. Thomson Reuters India:

Industry	Advertising, Media
Company Type	MNC
Location	Lower Parel (West), Mumbai
Founded in	1994

Thomson Reuters with its offices in Mumbai, offers a variety of services targeting corporate enterprises, financial risk management, government, and legal sectors. By taking into account the growing importance of India in the global information and technology landscape, this company plays a vital role in empowering professionals and organizations with accurate and timely information.

9. Air Canada (RL Group):

Industry	Airlines, Aviation, Defence, Drone
Company Type	MNC
Location	Ansal Bhawan, New Delhi
Founded in	1937

Air Canada not just facilitates passenger travel but also significant cargo movement between India and Canada. Air Canada’s advent into the Indian aviation market highlights India’s growing importance in the global aviation sector and the fact the others are recognizing it. The airline has sealed its place as a key player of Indian aviation sector by providing exceptional service to customers.

10. CPP Investment Board:

Industry	Financial Services
Company Type	Investment Management
Location	Headquarters in Toronto, with an office in Mumbai
Founded in	2016

CPP investments is one of the world’s largest investors in private equity and is a professional investment management organization that manages the fund in the best interest of its contributors and beneficiaries of the Canada Pension Plan. It has diversified its global presence by opening a branch in the Indian investment sector.

11. British Columbia Investment Management Corporation (BCI):

Industry	Financial services
Company Type	Private
Location	Based in British Columbia, Canada.
Founded in	1999

British Columbia Investment Management Corporation was created to provide fund management services for public sector pension plans, provincial government bodies, and publicly administered trust funds based in British Columbia. BCI also invests globally in the public equity and fixed-income markets, mortgages, real estate, and private placements for its customers. BCI has really helped drive India’s investments up.

12. Magna International Inc:

Industry	Automotive and Mobility Technology
Company Type	Public
Location	Headquartered in Canada.
Founded in	1957

Magna International Inc.is a mobility technology company that specializes in automotive parts. This company functions through its manufacturing, product development and engineering centers across continents. Magna has greatly helped revolutionize the Indian automobile industry by adapting their technology to this country’s needs.

13. Brookfield Asset Management:

Industry	Alternative Asset Management
Company Type	Public
Location	Headquartered in Toronto, Canada
Founded in	1899

Brookfield Asset Management Inc. is an alternative asset management company that owns, operates, and invests in assets across real estate, renewable energy, infrastructure, and private equity. The Company offers debt placements, project finance, asset brokerage, private funding, and other financial services to its clients and conducts its business worldwide.

14. OMERS:

Industry	BFSI, Fintech
Company Type	MNC
Location	Headquartered in Toronto, Canada
Founded in	1962

Ontario Municipal Employees Retirement System (OMERS) is a company that provides pension services and manages a range of investments including stocks, bonds, pension plans, real estates, infrastructure, and equities. OMERS has invested in India’s toll road assets and solar power, furthering its commitment towards India’s economic growth.

15. Ontario Teachers’ Pension Plan:

Industry	BFSI, Fintech
Company Type	MNC
Location	Bandra Kurla Complex, Bandra (E), Mumbai
Founded in	1990

Ontario Teachers’ Pension Plan Board provides pension services for teachers and manages retirement income of elementary and secondary school teachers, retired teachers and their survivors, and former teachers with entitlements in the plan. The company is contributing to the Indian economy by investing across sectors, like infrastructure, financial services and e-commerce.

16. Fairfax Financial Holdings:

Industry	BFSI, Fintech
Company Type	MNC
Location	Public
Founded in	2014

Fairfax Financial Holdings is a financial holding company that engages in property, casualty insurance investment management and insurance claims management. Fairfax is contributing to India’s economy by investing in various businesses like IIFL Holdings, Fairchem Specialty etc.

Conclusion:

Diplomatic and Economic relationship between India and Canada has always been beneficial to both the nations because both nations are friendly ties. India has an exponential growth potential, especially in healthcare, IT and developmental infrastructure sectors and Canada recognizes this.

We find that many Canada based companies as we discussed in this article have invested in diverse economic sectors of India, thereby contributing to India’s economy significantly and fostering stronger relations between the two nations.

Canada Based Companies in India – FAQs

Are there any tax implications for Indian employees working for Canadian companies in India?

Tax implications can vary depending on the individual tax status and arrangement with the company. Please consult a tax professional for proper guidance.

How long can a Canadian work in India?

The duration of Employment Visa for the period of employment/volunteer work, is usually not more than one year at a time.

What benefits do Canadian companies in India provide to their employees?

Although the employment benefits may vary, Canadian companies often offer competitive salary packages, healthcare and career development opportunities to their staff.

How many Canadian companies are based in India?

There are over 600 Canadian companies in India at present with 1,000 Canadian enterprises engaged in business within the Indian market.