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6 Indian Companies That Started With One Business But Became Famous For Another

From Wipro and MRF to Reliance Industries and Hero MotoCorp, several leading Indian companies began with businesses far removed from the sectors that later defined them. Here’s a look at how these brands evolved from products like vegetable oils, balloons, steel trading and bicycle parts into some of India’s most recognised corporate names.

BrandBeats Desk by BrandBeats Desk
May 12, 2026
in Business
Reading Time: 3 mins read
6 Indian Companies That Started With One Business But Became Famous For Another
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Some of India’s most recognised businesses did not begin in the industries they are known for today. Several companies that currently dominate sectors such as technology, automobiles, consumer goods and industrial manufacturing originally started with entirely different products ranging from vegetable oils and balloons to steel trading and bicycle parts. Over time, changing market opportunities, diversification and long term expansion reshaped their business identities.

Many of these transitions happened gradually over decades, with companies moving step by step into newer categories before establishing a stronger presence in sectors that eventually defined their public image. In several cases, the businesses that first launched these companies are now only a small part of their larger history.

These shifts show how Indian companies adapted to changing markets and consumer demand over time, leading to business identities that look very different from their original beginnings.

1. Wipro

Wipro is now widely associated with technology services and consulting, but its beginnings were far removed from that world. The company started in 1945 as a vegetable oil manufacturer in Amalner, and later moved into soaps and consumer care products. 

It entered the Indian IT industry in the early 1980s and went on to build a software services business in the 1990s, eventually focusing entirely on technology. The company’s transition is a clear example of how a business can move from a manufacturing based consumer products origin to a technology led identity over several decades.

Wipro logo

2. MRF

MRF is one of India’s most recognisable tyre brands today, but it did not begin life in the rubber business. The company started in 1946 as a toy balloon manufacturing unit in Madras. By 1949 it was making latex cast toys, gloves and contraceptives, and only later moved into tread rubber and tyres. That early balloon making business is far removed from the tyre and mobility focused brand MRF is associated with now.

MRF Logo

3. Mahindra and Mahindra

Mahindra and Mahindra is today strongly linked with SUVs, tractors and commercial vehicles, but its original business was steel trading. The company was founded in 1945 as Mahindra and Mohammed, and its official history says it began as a steel trading firm before moving into manufacturing and selling larger vehicles. 

Mahindra and Mahindra

4. Reliance Industries

Reliance Industries is now a giant across retail, digital services, energy and materials, but it began as a textile and polyester company. The company itself says it evolved from being a textile and polyester business into an integrated player across energy, materials, retail, entertainment and digital services. 

Its history also highlights the early textile roots that formed the base of the group. Reliance’s journey from textiles to a broad based conglomerate is one of the most visible business transformations in India.

Reliance Industries

5. Godrej

Godrej is now associated with a wide range of consumer and industrial businesses, but its first product was not a household staple or a home appliance. The company’s story says Ardeshir Godrej first set out to make surgical instruments, before discovering the opportunity that led to the creation of Godrej. 

The same official history also shows the company’s early breakthrough in locks, followed by its launch of a soap made from vegetable oils. That makes Godrej a strong example of a company whose first business idea was quite different from the brand identity it later built.

Godrej

6. Hero MotoCorp 

Hero MotoCorp is now one of India’s best known two wheeler names, but its early business was not motorcycles. The company’s own annual report says it grew from bicycle parts in the early 1950s to mopeds in 1974 and then motorcycles in 1984. Its current reputation rests on the two wheeler business that came after that evolution. The company’s early focus on bicycle components was very different from the motorcycle business that later became its main identity. 

Hero MotoCorp

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