Investments in capital from Canada to India have increased in the last few years, despite the many controversies and issues between India and Canada. Canadian investments totalled $57 billion by 2024, and half of that coming from the period between 2018 and 24. For the quarter that began in January of 2024 Canadian Foreign direct investments into India increased to $7.7 billion, which is more than twice the $3.3 earned in 2023. There are more than 600 Canadian companies that operate across a range of industries in India such as manufacturing, IT health finance, energy, as well as infrastructure and development. It is the Indo-Canadian Business Chamber is actively engaged in implementing measures to encourage business cooperation among India and Canada as well as to strengthen the relationship between both nations. Get Company Information Website. Although Canada isn’t one of the top investors in the Indian economy, the businesses are increasing their presence in India. Let’s take a take a look at the top 10 Canadian firms in India in 2025.
Top 10 Leading Canadian Companies in India 2025
1. Apotex Pharmachem
Apotex Pharmacem, founded in 1974 was an Canadian multinational pharmaceutical corporation that engages in the manufacture of biosimilar, generic and branded pharmaceuticals, as well as healthcare products that are used by consumers. The company shifted its operations to India in 2003 through the creation of its subsidiary company, Apotex Pharmachem India Private Limited. AP India is engaged in the production of pharmaceuticals to treat multiple health issues like digestive problems, diabetes and cardiovascular conditions, as well as viral diseases, and more.
Apotex Pharmachem India manufactures finished dosages and active pharmaceutical ingredients, also known as APIs. Its facilities are situated at Bangalore as well as Mumbai.
2. Sunlife Financial Inc.
Sunlife Financial Inc., founded in 1865 was an Canadian multinational company in financial services that specializes in financial planning, insurance as well as retirement savings, asset management mutual funds, and much more. The company has a 49% of the joint venture it has with Indian company house Aditya Birla Group, named Aditya Birla Sunlife Insurance Company Limited which was established in 2000.
ABSLI offers a broad range of products, including unit-linked insurance plans and wealth protection plans. health insurance retirement and pension plans as well as children’s future plans and much more. ABSLI has over 340 branch locations throughout India and more than 49,000 direct selling agents as well as brokers.
3. Air Canada
Air Canada, founded in 1937, has become the biggest airline in Canada according to passengers transported and the size of its operations. Air Canada entered India in 2004 when it started its flights from New Delhi and Toronto. In the past, Air Canada has expanded its routes and increased its frequencies in India. It is currently operating on several routes including Kolkata-Toronto, Delhi-Toronto, Ahmedabad Vancouver, and many more.
Air Canada halted its India operations in 2007 and resumed operations in 2015. In the month of October 2024, Air Canada introduced daily flights from Delhi to Western Canada via London Heathrow.
4. CGI Inc.
CGI Inc., founded in 1976 CGI Inc., founded in 1976, is an Canadian multinational corporation that specializes in business and IT outsourcing and consulting, in addition to software development. CGI Inc. entered India in 1996, with the opening of their first Indian office located in Bangalore. CGI India provides a number of services and solutions such as IT outsourcing business consulting, business process services and integration of systems, business applications development and enterprise platform for resource planning along with payment integrity and security services.
CGI India has multiple global delivery centers in India. They are situated within Bangalore, Mumbai, Pune, Hyderabad and Chennai.
5. McCain Foods Limited
McCain Foods Limited, founded in the year 1957 is an Canadian multinational company that manufactures frozen foods with a focus on French fries and other appetizers, as well as oven meals and potato-based specialties. The company has been operating in India from 1998, through its subsidiary McCain Foods India. McCain Foods India has launched several products on India. These include aloo tikki, smiles and fries. Indian market, such as fries, aloo tikki, smiles mini cheese samosas cheese bites and veggie fingers.
McCain Foods India operates a production facility in Mehsana located in Gujarat. The company is renowned for using local potatoes for its products.
6. Canada Pension Plan Investment Board
Canada Pension Plan Investment Board founded in 1997 was an Canadian state-owned corporation that oversees and invests funds for the benefit of 18 million participants and beneficiaries from the Canada Pension Plan. CPPIB has invested in India since 2010. It opened their opening of its first India headquarters in Mumbai in the year 2015.
CPPIB invests in various sectors of India that include real estate, infrastructure, and finance. It owns shares in several Indian firms like Kotak Mahindra, L&T Infrastructure, Piramal Enterprises and more.
7. IBI Group Inc.
IBI Group Inc., founded in 1974 was an Canadian company in the field of architecture, engineering and planning consulting technology firm that has a presence in 12 countries around the world. The firm entered India in 2006 through the creation of its subsidiary company, IBI Group India Private Limited. IBI Group India provides infrastructure planning and execution, as well as technical assistance. It is a company with its office within Gurgaon, Haryana.
8. Thomson Reuters
Thomson Reuters, founded in the year 2008 following the merger between Reuters Group and Thomson Corporation is an Canadian multinational information and technology firm that specializes in data, news and analytics for companies as well as professionals from various industries. Thomson Reuters has been present in India since 1851, when Reuters Group opened its office in Mumbai. Thomson Reuters provides news from India to media outlets across the globe. It also provides tools and information services in various fields, such as taxation, law and accounting.
9. Scotia Bank
Scotia Bank, established in the year 1832 was an Canadian international banking and financial services firm and is among the five biggest banking institutions of Canada. Scotia Bank began its journey into India in 1983 when it established an office representative in Mumbai. Scotia Bank provides a broad variety of banking services within India which include personal banking, corporate banking as well as foreign exchange, investment banking, and trade finance. There are branch offices located in Mumbai, Delhi and Bangalore.
10. LEA Group
LEA Group, founded in 1953 was an Canadian multinational company that provides advice and consulting services on global infrastructure projects, including highways, roads, building and transportation infrastructure. LEA Associates South Asia Private Limited, the subsidiary of the firm LEA Associates South Asia Private Limited was established in 1993, is located in India but is also the center operation for Asia, Africa and Middle East. LEA India provides consulting services for infrastructure development projects. It has also been involved in projects that were funded by international agencies such as the World Bank and Asian Development Bank.
Conclusion
The top Canadian companies play an important part to the Indian economy, investing in capital and creating jobs. With more advancements and innovations, Canadian companies are set to rise in India.