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Indiana’s Economic Powerhouses: The Top Companies Shaping the Hoosier State

The Top Companies in Indiana: A Look at the Biggest Employers in this Hoosier State

Indiana has been a hub for commerce and enterprise, drawing businesses from all over the country due to its strategic location and ample resources. In this article, we will take a closer look at some of the top companies in Indiana, their history, and how they have helped shape the state’s economy.

By the end of this article, you will have a better understanding of the biggest Indiana-based companies and their contributions to the state’s economic growth.


Before we dive into the specifics of the top Indiana companies, let’s take a look at how we arrived at our list. Our primary keywords for this article were “database,” “companies,” and “employees.” We used these keywords to conduct research and compile a list of the biggest companies in Indiana.

We ranked them according to their current employee count and headquarters location. We have also included subcategories such as “Top 10 Companies” and “100 Biggest Companies” to help you distinguish between the most prominent employers in this Hoosier State.

Top 10 Companies in Indiana

1. Koch Enterprises

Koch Enterprises is a privately held business focusing on diversified industries such as chemicals, energy, and manufacturing.

Founded in 1940 and headquartered in Evansville, the company has grown into one of the biggest employers in Indiana, with over 120,000 employees nationwide. Koch Industries is committed to sustainable business practices that seek to balance people, planet, and profit.

2. Anthem

Headquartered in Indianapolis, Anthem is a healthcare insurance provider serving over 40 million members in the United States.

Established in 1944, Anthem has grown into a leading provider of healthcare services and products while employing over 90,000 employees in its offices across the United States. 3.


Cummins, headquartered in Columbus, Indiana, is an American multinational corporation that designs, manufactures, and distributes engines, power generation equipment, and related technologies. With over 62,600 employees across the globe, Cummins seeks to power a more prosperous world with innovative solutions that shape the future of power.

4. Berry Global

Berry Global, a Fortune 500 firm, is a leading supplier of packaging materials and plastic products with over 47,000 employees across 300+ locations worldwide.

With headquarters in Evansville, Indiana, the company has firmly established itself as one of the largest plastic suppliers globally. 5.

Eli Lilly and Company

Eli Lilly and Company is a global pharmaceutical firm headquartered in Indianapolis, Indiana. Founded in 1876, the company continues to focus on discovering new treatments and cures for a variety of medical conditions.

Eli Lilly has over 36,600 employees globally, and its products are available in over 125 countries. 6.


USIC, headquartered in Indianapolis, is North America’s largest provider of underground utility locating services. With over 8,500 employees serving over 100,000 customers, USIC seeks to safeguard underground infrastructure and provide accurate and reliable protection for its clients.

7. Thor Industries

Thor Industries, a recreational vehicle manufacturer, is headquartered in Elkhart, Indiana.

The company’s brands include Airstream, Dutchmen, and Keystone RV, among others. Thor Industries employs over 17,800 workers in its production and distribution facilities worldwide.

8. Corteva

Corteva, founded in 2019, is a world-leading seed and agricultural chemical supplier headquartered in Wilmington, Delaware.

The company’s product portfolio includes crop protection, seed, and digital technologies. Corteva has over 20,000 employees globally, with a significant presence in Indiana.

9. Steak n Shake

Steak n Shake, a restaurant chain specializing in fast-food burgers and milkshakes, is headquartered in Indianapolis.

Operating over 500 restaurants globally, Steak n Shake employs over 25,000 people. The chain offers a quality menu with a focus on affordability and customer satisfaction.

10. Zimmer Biomet

Zimmer Biomet, a leading orthopedic company, focuses on joint reconstruction, spinal devices, trauma, dental implants, and orthopedic surgery.

The company has over 19,000 employees serving patients in over 100 countries. Based in Warsaw, Indiana, the company is dedicated to supporting patients as they heal.

100 Biggest Companies in Indiana

Here is the ranking of the 100 biggest companies in Indiana, based on their current employee count and headquarters location. This ranking provides an overview of the various Indiana-based industries and their contributions to the state’s economy.

1. Cook Group



3. Anthem



5. Berry Global


Eli Lilly and Company

7. Vectren Corporation


Zimmer Biomet

9. Duke Energy


First Merchants Corporation

11. Merchants Bank


Hulman & Company

13. Alcoa Corporation


NiSource Midstream Services

15. The Heritage Group


Allison Transmission

17. Wabash National Corporation


Krieg DeVault

19. OneAmerica Financial Partners


Indiana Farm Bureau Inc. 21.

Strada Education Network

22. Herff Jones


The National Bank of Indianapolis

24. Old National Bank


PNC Bank

26. First Financial Bank


Centier Bank

28. Horizon Bancorp


Monarch Beverage Company

30. Veracity IIR


South Bend Chocolate Company

32. The Tile Shop


Indianapolis Power & Light Company

34. Method Engineering


Batesville Casket Company

36. Subaru of Indiana Automotive



38. Biomet


MJ Insurance

40. Berry Plastics


American Structurepoint

42. Koorsen Fire & Security


Walker Parking Consultants

44. St. Vincent Health


Newport Group

46. Citizens Energy Group


First Financial Corporation

48. Good Oil Company


Hillenbrand Industries

50. Indiana Packers Corporation


Hamilton Center

52. KAR Auction Services



54. Forte Specialty Contractors


Matilda Jane Clothing

56. Ruoff Mortgage


UnitedHealthcare of Indiana

58. Braumiller Law Group



60. FORUM Credit Union


PNC Financial Services Group

62. Primrose Schools


Integrated Distribution Services

64. A.T. Ferrell Company



66. Bowman Properties


Walsworth Yearbooks

68. Circle K


Farmers Insurance Group

70. Red Gold, Inc.

71. HomeGoods


Fronius USA

73. Stanley Security Solutions


Owens Corning

75. CNO Financial Group



77. Indianapolis Museum of Art at Newfields


Performance Assessment Network

79. Moser Consulting


Kinetrex Energy

81. Eby Brown Company


ESCO Communications

83. Burkhart Advertising


St. Mary Medical Center

85. Netlogx


Bott Radio Network

87. Bulkmatic Transportation



89. General Hotels Corporation


Martin Marietta

91. Point Comfort Underwriters


Roche Diagnostics Corporation

93. E&A Companies


Ricoh USA

95. Hollingsworth & Zivitz, PC


Midwest ISO

97. The Mako Group


Tom Wood Automotive Group

99. Tetra Tech


Express Scripts


In conclusion, Indiana continues to be a powerhouse in the business world, with a diverse range of companies operating in various industries. From healthcare to manufacturing and everything in between, Indiana’s economy is robust and continues to grow.

It’s no wonder that people from all over the country are drawn to the state to start businesses or contribute their skills to these top-notch companies. With this list of the biggest Indiana companies, we recognize the contributions these entities make to the state’s economy and the employment of so many Hoosiers.


To compile our list of the biggest companies in Indiana, we used a two-fold approach. First, we used a database search to identify companies headquartered in Indiana, which allowed us to create a comprehensive list of potential candidates.

We then conducted research on each of these companies to determine their current employee count. Our primary keywords for this task were “companies headquartered in Indiana” and “employees.”

Criteria for Ranking

Our ranking criteria were based on the size of each company, as measured by the number of current employees. We chose this criterion as a way to assess the companies’ impact on Indiana’s economy and how many jobs they provide to Hoosiers.

Our primary keywords for this task were “current employees” and “size.”

Ranking of Companies

Here is the ranking of the top 25 companies in Indiana based on their current employee count, from highest to lowest. 1.

Koch Enterprises

Koch Enterprises is the biggest company in Indiana, with over 120,000 employees worldwide. Based in Evansville, Koch Industries operates in multiple sectors, including chemicals, energy, and manufacturing.

Since its founding in 1940, the company has become an ardent supporter of sustainable business practices that prioritize people and the environment as well as profits. 2.


Anthem, based in Indianapolis, is a health insurance provider with over 91,000 employees who help serve more than 42 million members in the United States. The company operates a variety of brands and offers products such as Medicare Advantage and Medicaid.

3. Cummins

Cummins, headquartered in Columbus, Indiana, is a multinational company that designs, manufactures, and distributes engines, power generation equipment, and related technologies.

The company has over 62,600 employees globally and actively seeks to affect change through a focus on innovation and sustainability. 4.

Berry Global

Berry Global, founded in 1967, has its headquarters in Evansville, Indiana. The company is a leading supplier of a broad range of plastic-based products, including packaging materials, plastic bottles and containers, and chemical containers and pipes.

Berry Global has over 47,000 employees across approximately 300 worldwide locations. 5.

Eli Lilly and Company

Eli Lilly and Company is a pharmaceutical corporation based in Indianapolis, Indiana. Founded in 1876, the company has over 36,600 employees globally and remains steadfast to its mission of developing and discovering breakthrough treatments and cures for various medical challenges.


USIC is the largest provider of underground utility locating services in North America.

USIC’s services include utility mapping, subsurface utility engineering, and utility locating provided by over 8,500 skilled employees throughout the US. Based in Indianapolis, USIC contributes to the betterment of the environment by ensuring damage prevention and the prevention of catastrophes via damaged utility infrastructure.

7. Thor Industries

Thor Industries owns multiple businesses within the recreational vehicle industry, including brands such as Airstream, Dutchmen, and Jayco RVs. Based in Elkhart, Indiana, Thor Industries has over 17,800 employees located throughout the world.

8. Corteva

Corteva is a leading agricultural science and innovation company based in Wilmington, Delaware.

However, it has over 20,000 employees globally, with significant production taking place in Indiana and adjacent areas. The company’s profile includes solutions for crop protection, seeds, and digital agriculture technologies.

9. Steak n Shake

Steak n Shake, a fast-food restaurant chain specializing in burgers and milkshakes, has headquarters in Indianapolis.

The company has over 25,000 employees serving at over 500 locations around the world. Steak n Shake is renowned for cost-efficient and quality fast food offerings.

10. Zimmer Biomet

Zimmer Biomet is a medical technology company headquartered in Warsaw, Indiana.

The company offers products and treatments for a variety of orthopedic conditions, including joint replacement, trauma, spinal surgery, and dental reconstruction. Zimmer Biomet has over 19,000 employees globally.

11. Simon Property Group


UnitedHealth Group

13. Hylant Group


Old National Bank

15. PNC Financial Services


KAR Auto Auction Services

17. First Financial Bank


Strada Education Network

19. First Merchants Corporation


Herff Jones

21. OneAmerica Financial Partners


Indiana Farm Bureau Inc. 23.

Duke Energy

24. Horizon Bancorp


Allison Transmission


Indiana’s economy is robust and diverse, with thousands of companies operating in various industries. In this article, we’ve compiled a list of the top 25 companies in Indiana, ranked by their number of current employees.

Koch Enterprises, Anthem, and Cummins are the three largest Indiana-based companies. Meanwhile, Berry Global, Eli Lilly and Company, and USIC also are leading employers based in Evansville and Indianapolis.

The companies on this list operate across a range of sectors, including manufacturing, healthcare, real estate, and agriculture, proving that Indiana’s economy is well-equipped for continued growth and development. Miscellaneous Companies: A Closer Look at Other Ranked Employers in Indiana

In addition to the previously mentioned top companies in Indiana, there are numerous other businesses that contribute significantly to the state’s economy.

These companies vary in size and operate in various industries, showcasing the diversity and vitality of Indiana’s business landscape. In this section, we will explore some of these miscellaneous companies, their rankings based on employee count, and their respective contributions to Indiana’s job market.

Here are a few examples of miscellaneous companies ranked by their employee count, from highest to lowest:

1. Smith & Nephew

Smith & Nephew is a global medical technology company that specializes in advanced wound care, orthopedic reconstruction, and sports medicine.

With over 17,000 employees worldwide, the company operates a significant presence in Indiana, providing crucial healthcare products and services. 2.

Vanguard Services

Vanguard Services is a leading facility management and janitorial services provider. With over 10,000 employees across the United States, the company plays a vital role in maintaining clean and functional environments for commercial buildings, educational institutions, and healthcare facilities.

3. Martinrea International

Martinrea International is a global leader in the automotive industry, specializing in the design and production of metal products and assemblies.

The company employs over 10,000 individuals globally and has manufacturing facilities located in several regions, including Indiana. 4.

Lippert Components

Lippert Components is a leading manufacturer of components for the recreational vehicle and residential housing industries. With over 9,500 employees, the company is headquartered in Elkhart, Indiana, and operates manufacturing facilities across the United States and internationally.

5. Hacienda Mexican Restaurants

Hacienda Mexican Restaurants is a popular restaurant chain that offers authentic Mexican cuisine.

Operating numerous locations in Indiana, the company employs a significant number of individuals to serve its customers and provide a memorable dining experience. 6.

Forest River

Forest River is one of the largest manufacturers of recreational vehicles, cargo trailers, and buses in North America. With over 7,500 employees and multiple manufacturing facilities in Indiana, Forest River plays a crucial role in the state’s RV industry and economy.

7. Patrick Industries

Patrick Industries is a major manufacturer and distributor of components and building products for the recreational vehicle, marine, and manufactured housing industries.

With over 6,500 employees, the company operates multiple manufacturing and distribution facilities throughout Indiana and other states. 8.


Elanco is a global animal health company that develops and provides innovative solutions for the treatment and prevention of various animal diseases. With over 6,000 employees worldwide, Elanco’s operations in Indiana contribute to the state’s thriving agriculture and animal health sectors.

9. MasterBrand Cabinets

MasterBrand Cabinets is one of the largest cabinet manufacturers in North America.

The company, with over 5,500 employees, designs and produces kitchen and bath cabinets for residential and commercial properties. MasterBrand Cabinets’ headquarters is located in Jasper, Indiana.

10. P&G Pharmaceuticals

P&G Pharmaceuticals is the pharmaceutical division of Procter & Gamble, a multinational consumer goods company.

With a strong presence in Indiana, P&G Pharmaceuticals employs thousands of individuals who contribute to the research, development, and production of various medicines and wellness products. 11.

PHP Distribution

12. Phi Sigma Kappa


Thor Motor Coach

14. Emmis Communications


MonoSol, LLC

16. Escalade, Inc.

17. Indiana University Health


Vera Bradley

19. Angie’s List


Kite Realty Group Trust

21. Berry Plastics Group


Knauf Insulation

23. General Cable


The Schwan Food Company

25. The Heritage Group

These miscellaneous companies, along with the top-ranked employers, collectively demonstrate the diverse industries and employment opportunities available in Indiana.

From healthcare and manufacturing to dining and retail, these businesses provide a range of career options and contribute to Indiana’s economic growth and prosperity. Indiana’s labor force can find employment in various fields, making it an attractive state for individuals seeking job opportunities.


Indiana is home to a vast array of miscellaneous companies that make substantial contributions to the state’s economy. From medical technology and automotive manufacturing to restaurant chains and cabinet production, these businesses offer diverse job opportunities to Hoosiers.

The examples mentioned above represent just a fraction of the many companies in Indiana that contribute to the state’s economic growth and provide employment for numerous individuals. As Indiana continues to thrive, these companies play a crucial role in shaping and sustaining its dynamic business landscape.

In conclusion, the top companies in Indiana, such as Koch Enterprises, Anthem, Cummins, and Berry Global, have a significant impact on the state’s economy and employment sector. With their dedication to sustainability, innovation, and serving their respective industries, these companies provide thousands of jobs and contribute to Indiana’s economic growth.

Furthermore, the presence of miscellaneous companies like Smith & Nephew, Vanguard Services, and Martinrea International showcases the diversity and vitality of Indiana’s business landscape. The wide range of industries operating in the state offers diverse job opportunities and helps to shape Indiana’s economy for continued success.

As Indiana continues to thrive, these companies will play a crucial role in shaping, sustaining, and furthering the state’s economic growth and providing employment opportunities for its residents.

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