Madhya Pradesh State Industrial Development Corporation Limited (Mpsidc)

What Madhya Pradesh State Industrial Development Corporation Limited (Mpsidc) does

Madhya Pradesh State Industrial Development Corporation Limited (MPSIDC) is a state-owned industrial development corporation headquartered in Bhopal, Madhya Pradesh, India, operating under the administrative control of the Government of Madhya Pradesh. The corporation's primary function is the development of industrial infrastructure and parks across the state, including the allocation of industrial land parcels to manufacturing enterprises. Its most prominent initiative is the Ujjain Medical Devices Park, where over 170 acres have been allocated to 66 industries, with more than half of those allocations currently under construction. The park provides shared common infrastructure facilities including R&D labs, testing facilities, and business innovation support, enabling medical device companies to develop products that meet international standards while reducing individual capital expenditure.

MPSIDC's business model is transaction-fee based, generating revenue through industrial land allocation and infrastructure provision to manufacturing clients. The go-to-market motion is enterprise field sales conducted through direct government-to-business (G2B) engagement, targeting manufacturers — particularly medical device companies — seeking established industrial clusters with shared technical capabilities. To strengthen the value proposition of its parks, MPSIDC has secured strategic partnerships with premier academic and research institutions including IIT-Indore (for technical R&D support), IIM-Indore (for business innovation support), and NIPERA (for specialized testing facility access). These alliances, announced on 2025-11-25, embed institutional expertise into the park ecosystem and differentiate MPSIDC's offering from standalone industrial land providers. The corporation employs 11-50 staff and operates exclusively within Madhya Pradesh, with no disclosed technology platform, products, or revenue figures in the available data.

Name

Madhya Pradesh State Industrial Development Corporation Limited (Mpsidc)

Legal name

Madhya Pradesh State Industrial Development Corporation Limited

Website

https://mpsidc.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Madhya Pradesh State Industrial Development Corporation Limited (MPSIDC) is a state government-owned industrial development corporation in Bhopal, India, that allocates industrial land and develops infrastructure parks — notably the Ujjain Medical Devices Park serving 66 medical device manufacturers — with academic R&D and testing support from IIT-Indore, IIM-Indore, and NIPERA.

Ownership category

akta.pro rank

Headquarters

HQ city

BHOPAL, Madhya Pradesh

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Others

Revenue model

1. Land Allocation and Industrial Infrastructure: The corporation generates revenue through allocation of industrial land parcels to manufacturing companies. The Ujjain Medical Devices Park has allocated over 170 acres to 66 industries, with more than half under construction, indicating land lease/sale as a primary revenue stream.

Go-to-market motion1 record

Distribution channels1 record

Core offering

MPSIDC is a government-owned industrial development corporation that develops industrial infrastructure and parks across Madhya Pradesh. Its core offering includes allocating industrial land parcels and establishing common infrastructure facilities such as R&D labs, testing facilities, and business innovation support to manufacturing industries, exemplified by the Ujjain Medical Devices Park which has allocated 170+ acres to 66 industries.

Product overview

Madhya Pradesh State Industrial Development Corporation Limited (MPSIDC) is a government industrial development corporation focused on developing industrial infrastructure and parks in Madhya Pradesh, India. The corporation's primary activities include establishing industrial areas, common infrastructure facilities, and specialized parks (such as the Ujjain Medical Devices Park) to attract and support industrial development in the state. MPSIDC partners with academic and research institutions to provide R&D labs, testing facilities, and business innovation support for industries operating within its parks.

Differentiator

Problem solved

Functional benefit

Products and services

• Ujjain Medical Devices Park A specialized industrial park in Ujjain, Madhya Pradesh that allocates industrial land parcels to medical device manufacturing companies and provides common infrastructure facilities including R&D labs, testing facilities, and business innovation support. The park has allocated over 170 acres to 66 industries, enabling medical device companies to develop products meeting international standards through shared infrastructure and academic partnerships.
• Industrial Land Allocation Services Government-backed service for allocating industrial land parcels to manufacturing companies across Madhya Pradesh. Provides designated industrial areas with supporting infrastructure to attract and accelerate industrial development in the state.

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• IIT-Indore (Indian Institute of Technology Indore)coreStrategic or Co-development Partner · 25 November 2025IIT-Indore provides technical support and expertise for R&D labs at the Ujjain Medical Devices Park. The partnership enables industries to leverage the institute's research capabilities for developing medical devices that meet international standards.
• IIM-Indore (Indian Institute of Management Indore)coreStrategic or Co-development Partner · 25 November 2025IIM-Indore contributes business innovation support and expertise to industries at the Ujjain Medical Devices Park. The partnership helps companies develop commercially viable medical device products and business strategies.
• NIPERA (National Institute for Pediatric and Regenerative Medicine? - assumed)coreStrategic or Co-development Partner · 25 November 2025NIPERA provides technical support for testing facilities at the Ujjain Medical Devices Park. The partnership enables medical device industries to access specialized testing capabilities required for product validation and certification.

Scale indicators3 records

Recent moves3 records

Expansion highlights3 records

Direct peers

• Uttar Pradesh State Industrial Development Authority (UPSIDA): UPSIDA develops industrial areas in Uttar Pradesh, including sector-specific parks. Operates the same state-owned industrial park development and land-allocation model as MPSIDC.
• Telangana State Industrial Infrastructure Corporation (TSIIC): TSIIC develops industrial parks and infrastructure across Telangana, including sectoral parks (Pharma City, Aerospace Park). Its sector-specific park model mirrors MPSIDC's Ujjain Medical Devices Park.
• Gujarat Industrial Development Corporation (GIDC): GIDC plans and delivers industrial estates across Gujarat, providing land and infrastructure to industries. Directly comparable to MPSIDC as a state-level statutory industrial development body with a portfolio of sector-specific estates.
• Rajasthan Industrial Development and Investment Corporation (RIICO): RIICO develops industrial areas and provides financial assistance to industries in Rajasthan. Comparable state-owned industrial infrastructure and park development vehicle.
• Maharashtra Industrial Development Corporation (MIDC): MIDC is India's largest state-owned industrial development corporation, developing industrial areas and infrastructure across Maharashtra. Closest functional peer to MPSIDC because it operates the same model of state-led industrial land allocation, common infrastructure, and park development.
• Haryana State Industrial and Infrastructure Development Corporation (HSIIDC): HSIIDC develops industrial estates and infrastructure projects in Haryana. Directly comparable to MPSIDC's mandate of industrial area development and land allotment.
• Andhra Pradesh Industrial Infrastructure Corporation (APIIC): APIIC develops industrial parks and sector-specific clusters in Andhra Pradesh. Directly comparable to MPSIDC's role as a state entity delivering industrial land and common infrastructure.
• Tamil Nadu Industrial Development Corporation (TIDCO): TIDCO promotes and finances industrial development in Tamil Nadu through equity participation and infrastructure support. A state-government vehicle pursuing industrial promotion, similar in mandate to MPSIDC.
• Karnataka Industrial Areas Development Board (KIADB): KIADB acquires, develops, and allots industrial land across Karnataka. Directly comparable state-level industrial land acquisition and infrastructure development entity.

Broad incumbents

• National Industrial Corridor Development Corporation (NICDC): NICDC is a Government of India entity coordinating industrial corridor infrastructure across multiple states. Compared to MPSIDC, it operates at a national level with greater scale and broader scope than any single state industrial corporation.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/madhya-pradesh-state-industrial-development-corporation-limited-mpsidc-

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Madhya Pradesh State Industrial Development Corporation Limited (Mpsidc)