A city that is commonly referred to as the Detroit of India, Chennai has become a successful technological centre that houses multinationals and produces local success stories. The strategic location, qualified manpower, business friendly environment has enabled the city to be a favorite place of product based companies in Chennai.
Ranging between global giant companies to new Indian start-ups, Chennai is home to a diverse range of businesses that are developing leading-edge products and solutions in the world markets. These companies provide thrilling career prospects to technology aficionados with exposure to the newest technologies, competitive remunerations, and the opportunity to work on the products that have the potential of influencing millions of users across the globe.
Difference Between Product-Based and Service-Based Companies
- Core Business Model: A product-based business designs and markets its own software or hardware products whereas a service-based business offers consulting, development and support services to other businesses.
- Revenue Generation: Product companies receive revenue in the form of product sales, license and subscriptions, but service companies receive revenue in the form of time, expertise and delivery of projects.
- Customer Interaction: Product companies deal with end users who consume the products of the company whereas service companies deal with business clients who outsource most of their needs.
- Innovation Emphasis: Product-based organizations spend a lot in research and development so that they can improve their products whereas service based companies focus on providing effective solutions to the clients.
- Scalability: Product firms are able to scale quickly when their product is accepted in the market but service firms cannot scale since they rely on human resources as an engine of growth.
- Nature of work: An employee in a product company engages in upgrading and maintaining the products of his or her company, whereas a service company professional will work on various projects of different clients in various fields.
Why Are Product Companies Popular?
- Innovation Opportunities: These firms challenge their employees to be innovative and help in the development of products that will be revolutionary and determine the standards and experiences of users all over the world.
- Career Growth: Product-based companies also have defined career paths and chances of specializing in certain technology and becoming subject matter experts in the field of their choice.
- Learning Environment: The employees are exposed to latest technologies, latest development methodologies and industry best practices through working on world class products.
- Work-Life Balance: The majority of product companies show a lot of interest in the well being of their employees by providing them with a flexible schedule, remote job opportunities, and rich benefits packages.
- Global Exposure: Since products that one works on are used by people all over the world, it gives a good exposure to global markets, the user behavior, and various business needs.
- Competitive Compensation: Product based businesses are known to have better salaries, stock and performance bonuses than conventional service based organizations in the market.
Benefits of Joining a Product-Based Company
- Technical Excellence: Workers become very knowledgeable in particular technology and acquire practical knowledge in sophisticated tools, frameworks, and programming processes.
- Product Ownership: Team members feel a sense of ownership and pride because the products that they worked on are sent directly to end-users and lead to business value.
- Long-term Vision: The product companies are driven by the long-term strategy and long-term growth thus ensuring employees with job security and stable career opportunities.
- Quality Standards: These companies have high coding standards, best practices and effective testing methods to provide reliability and performance of products.
- Brand Recognition: Working in reputed product companies strengthens work image and avenues to greater prospects in the technology market.
- Intellectual Satisfaction: Technical problems are hard to crack, and issues that require developing scalable solutions are full of intellectual satisfaction as well as lifelong learning and growth to professionals.
Top 10 Product Based Companies in Chennai
1. Zoho Corporation
- Founded In: 1996
- Founder: Sridhar Vembu
- Type: B2B
- Best For: Business Productivity and Collaboration software
- Salary Range: ₹8-25 LPA
- Website URL: https://www.zoho.com/
Zoho Corporation, one of the leading product based companies in Chennai, is one of the most prosperous Indian computer software companies offering a full-service suite of business applications functioning on a cloud. Zoho serves millions of companies around the globe with its comprehensive platform that includes features like customer relation management, financial management, and much more. Zoho has been a preferred choice as it focuses on privacy, affordability, and innovation by small to medium enterprises around the globe.
Key Products:
- Zoho customer relation management CRM
- Zoho books financials and accounting software
- Zoho Mail as commercial emailing
- In project management: Zoho Projects
- Zoho Desk as support to customer
- Zoho Business intelligence
Also Read: Service Based Companies in India
2. Freshworks
- Founded In: 2010
- Founder: Girish Mathrubootham and Shan Krishnasamy
- Type: B2B
- Best For: Business Software and customer experience
- Salary Range: ₹10-30 LPA
- Website URL: https://www.freshworks.com/
Freshworks, one of the prominent product based companies in Chennai, is now a global leader in customer engagement software with over 60,000 companies around the world operating under its product. The low-cost, usable solutions that the company offers allow organizations to deliver excellent customer experience to their customers as sales, marketing, and support personnel. Freshworks was one of the most exemplary Indian SaaS stories to date, especially after its successful NASDAQ listing.
Key Products:
- Freshdesk Managing customer support
- Sales automation- Freshsales
- Customer relationship management of Freshworks
- Freshchat- Messaging to customer
- Cloud telephony at Freshcaller
- Freshmarketer-marketing automation
3. Ford
- Founded In: 1903
- Founder: Henry Ford
- Type: B2C
- Best For: Vehicle manufacturing and transportation solutions
- Salary Range: ₹12-35 LPA
- Website URL: https://www.ford.com/
The Chennai plant is considered to be one of the key production facilities that evidences the interest of product based companies in Chennai, like Ford, in the Indian automotive market. The plant is focused on the production of cars both consumed at the local level and exported, accompanied by the use of technologically advanced processes in the manufacturing activity and sustainable manufacturing processes. The implementation of Ford at Chennai has contributed to the development of the automotive ecosystem and technological advancement as a whole.
Key Products:
- Ford EcoSport small crossover
- You can go with a Ford Figo.
- Ford Aspire is the sedan.
- Motor vehicles and Parts
- Automobile technologies Connected
- Elements of electric cars
4. Kissflow
- Founded In: 2012
- Founder: Suresh Sambandam
- Type: B2B
- Best For: Digital workplace and workflow automation
- Salary Range: ₹8-22 LPA
- Website URL: https://kissflow.com
Kissflow optimizes the entire process of how organizations approach their digital workflow by offering a comprehensive low-code platform. The company helps organizations to automate activities, projects, and collaborate with each other without necessarily requiring the possession of high degrees of technical skills. That affordability and ease of use has made Kissflow to be at the helm of solutions of preference to enterprises that would wish to digitalize their operations within the shortest time-frame.
Key Products:
- Kissflow Digital Workplace solution
- Workflows of process automation
- Solutions to project management
- Collaboration tools
- Custom application developer
- Reporting & analytics dashboards
5. PayPal
- Founded In: 1998
- Founder: Peter Thiel, Max Levchin and Elon Musk
- Type: B2C
- Best For: Online financial services, payment systems
- Salary Range: ₹15-40 LPA
- Website URL: https://www.paypal.com/in/home
The PayPal development center of Chennai forms an important component of international operations of the company and is devoted to innovation and product development, highlighting the strength of product based companies in Chennai. The company employs the most talented engineers and technologists to operate with the greatest financial technologies, risk management systems, and user experience development. The fame of PayPal in Chennai gives India a better position in the world of fintech innovations.
Key Products:
- PayPal online wallets
- Payments processing products
- Merchant service platform
- PayPal Credit loans
- Braintree card terminal
- Venmo Person to person
6. HP (Hewlett-Packard)
- Founded In: 1939
- Founder: Bill Hewlett and Dave Packard
- Type: B2B / B2C
- Best For: Computing and printing solutions
- Salary Range: ₹10-28 LPA
- Website URL: https://www.hp.com/in-en/home.html
HP Chennai plays a critical role in the global research and development efforts of the company especially where computing innovation and printing technologies are concerned. The center is a major engineering center where groups are engaged in next-generation hardware and software development. HP has also been dedicated to sustainability and innovation, which has been a part of promoting technological progress in the region.
Key Products:
- HP desktops and laptops
- HP printing and printing solutions
- HP professional workstations
- HP storage system and servers
- HP ink and toner transfers
- HP accessories and peripheries
7. Amazon
- Founded In: 1994
- Founder: Jeff Bezos
- Type: B2C/B2B
- Best For: E-commerce and cloud computing services
- Salary Range: ₹18-45 LPA
- Website URL: https://www.amazon.com/
Amazon Chennai development center is concentrated on developing innovative solutions to the wide range of services the company offers, including e-commerce platforms and cloud computing infrastructure. The building is home to groups dealing with machine learning, artificial intelligence, and distributed systems that enable Amazon to operate on a worldwide basis. The impact of Amazon in Chennai has greatly made the city to be regarded as one of the cities in technology innovation.
Key Products:
- Amazon Web Services cloud system
- Amazon prime services of membership
- Alexa Amazon voice assistant
- Amazon market place site
- Amazon Logistics solutions
- Amazon advertising
8. VMware
- Founded In: 1998
- Founder: Diane Greene, Mendel Rosenblum among others
- Type: B2B
- Best For: Cloud computing infrastructure and virtualization
- Salary Range: ₹12-35 LPA
- Website URL: http://vmware.com/
The Chennai office of VMware is an essential research and development facility of the company in the field of virtualization and cloud computing solutions. The center specializes in innovation and the creation of new technologies aimed at modernizing enterprises in terms of IT infrastructure and promoting digital transformation. The Chennai team at VMware works on products that are consumed by millions of organizations across the world.
Key Products:
- VMware vSphere virtualization system
- VMware vCenter management package
- Network virtualization VMware NSX
- VMware vSAN storage solutions
- VMware Workspace ONE platform
- VMware Cloud services
9. Cisco
- Founded In: 1984
- Founder: Sandy Lerner and Leonard Bosack
- Type: B2B
- Best For: Cybersecurity equipment and networking equipment
- Salary Range: ₹14 to 38 per annum
- Website URL: https://www.cisco.com/
The Chennai plant of Cisco is vital in the research and development of the networking solutions and cybersecurity technologies that are driving the internet infrastructure globally. Some areas of innovation where the center concentrates are in software-defined networking, security, and collaboration technologies. The investment by Cisco in Chennai envisages the importance that the city is garnering as a global technology development centre.
Key Products:
- Cisco routers and switches
- Cisco security devices
- Cisco collaborative solutions
- Cisco wireless products
- Cisco data centre technologies
- Cisco cloud services
10. Chargebee
- Founded In: 2011
- Founder: Krish Subramanian
- Type: B2B
- Best For: Subscription billing and revenue management
- Salary Range: ₹12-30 LPA
- Website URL: https://www.chargebee.com/
The revenue management tool provided by Chargebee has introduced revolution in the arena of subscription billing within the global business context. With thousands of subscription businesses using its software to automate billing processes, track revenue recognition and grow operations without strain, the Chennai based consulting company prides itself on its ability to cater to the needs of subscription businesses and continually expand their operations. It is an indication that Indian SaaS companies can emerge successful in the global market since Chargebee has already managed to achieve this.
Key Products:
- Automation of billing subscription
- Management of revenue recognition
- Payment processing Payment processing integration
- Customer life cycle management
- Reporting/analytics tools
- Dunning and retention management
Highest Paying Product Based Companies in Chennai
- Amazon sets the compensation: salaries ₹18-45 LPA, plus stock options, signing bonus, and full benefits on technical jobs.
- PayPal has competitive packages: 15-40 LPA and performance bonuses, health benefits and international assignments, career advancement.
- Cisco offers unparalleled compensation: starting pay of 14-38 LPA and other benefits entailing work flexibility, learning budget, and extensive insurance coverage.
- VMware has competitive salaries: 12-35 LPA and provides professional growth opportunities, technical certifications, and work environments that are collaborative and enable continuous development.
- Ford has good packages: in engineering jobs the salary range is 12-35LPA including automotive industry experience, international project experience and employee benefits package.
- Freshworks offers competitive compensation: 10-30 LPA with equity share, flexible work environment and a chance to work on leading edge customer experience technology.
Which Companies Are Best from a Fresher’s Point of View
- Zoho Corporation is superb: it develops young talent by offering elaborate training programs, mentorship possibilities, and progressive expertise in business software technologies.
- Freshworks has great learning: opportunities through formal onboarding, exposure to new SaaS technologies, and close-knit team environments to grow a career.
- Kissflow offers a dream place to work: to the freshers who have worked on workflow automation, low-code platforms and in close contact with the product teams in the company.
- Chargebee gives rich exposure: to fintech and subscription economy which gives freshers an understanding of business models, payment systems, and revenue management.
- HP offers defined programs: to fresh graduates who have had extensive training, exposure to both hardware and software technology and also have defined career progression channels.
- Cisco provides great training: opportunities in networking technologies, cybersecurity, and enterprise solutions with industry-recognized certifications and skill development programmes.
How to Get Hired at These Companies
- possess a good technical base: through command of programming languages, data structures, algorithms, and system design concepts in the area of your desired job and company.
- Develop a strong portfolio: presenting personal projects, open-source work, and applications where you can show how you resolve problems and what technical skills you possess.
- Practice interviews: by solving coding problems, learning about the products of the companies, and learning to explain your experience in projects and technical choices.
- Be active in the network: use professional networks, visit company events, meet current employees and engage with the right technical communities and conferences.
- Build appropriate experience: by doing an internship or working on a freelance basis or through open-source projects that are related to the technology stack and domain of the company.
- Be knowledgeable: keep abreast of any trends in the industry of the company, read their blogs on engineering, learn about their problems in technical aspects and show real interest in what they do.
Conclusion
Product based companies in Chennai form a rich eco system of innovation, providing immense opportunity to technology professionals at every level of career. Whether it is the global giants such as Amazon and PayPal or local success stories such as Zoho and Freshworks, these organizations offer an exposure to the latest technologies, competitive salaries, and work that makes a difference to millions of users across the globe.
Strategic competitive advantages of Chennai such as the availability of skilled talent, cost-effective, business-friendly environment, etc. are still drawing a greater number of product companies to set up their operations in the city. To the emerging professional, the companies do not only provide a job but rather an experience that can define their career and fast-track their professional development and accessing opportunities in the technology sector across the globe.
FAQs
What is the appeal of Product based companies in Chennai?
Chennai provides access to quality technical manpower, cost advantages, good infrastructure and government support and strategic locational advantages to businesses in the world.
What are the most demanded programming languages at Chennai product companies?
Most companies are in need of Java, Python, JavaScript, React, Node.js, Go, and cloud technologies such as AWS.
Do such companies provide remote jobs?
Indeed, the majority of product-oriented companies in Chennai currently allow the flexibility of working with remote work and hybrid solutions after the pandemic.
How many years of experience on average do senior positions take?
The ages of senior jobs will usually be 5-8 years of experience in the field with leadership jobs being 10+ years with a proven track record.
What are the relations between product company salaries and service companies?
The compensation packages of product companies are usually 30-50 percent better than that of service-based companies (as well as stock options and benefits).