Michailides ML Oriental Tobacco Private Limited
A joint venture between the Greek company Leaf Tobacco A. Michailides S.A. and the Indian Maddi Lakshmaiah & Co. Ltd., this company focuses on developing and producing high-quality oriental tobacco in India. Established on June 13, 2008, in Ganapavaram, Andhra Pradesh, the company remains active in tobacco production and trade.
Alumil India Pvt Ltd
With over 35 years of experience in aluminum systems, Alumil has a subsidiary in India, headquartered in Mumbai. The company offers a wide range of products, including window and door systems, facades, and other architectural solutions. In 2023, Alumil secured a project for 25,000 residential apartments in high-rise complexes in Mumbai.
TITAN
In February 2025, TITAN Group entered the South Asian market by forming a new joint venture in India with JAYCEE, a well-established Indian producer of supplementary cementitious materials (SCMs). The venture operates under the name Atlas EcoSolutions Private Ltd, with TITAN Group holding a majority stake.
The company’s mission is to source, process, market, and distribute SCMs globally.
AMD Telecom Pvt Ltd
AMD Telecom SA, headquartered in Greece, has expanded into India through its subsidiary, AMD Telecom Pvt Ltd. The company provides telecommunications and messaging services to global clients.
Pharmathen S.A.
One of Greece’s largest pharmaceutical industries, Pharmathen S.A., has a presence in India through its subsidiary, Adventus Laboratories India Pvt. Ltd., headquartered in Gujarat. Adventus Laboratories specializes in high-quality diagnostic services.
ST Bakery Foods (formerly Chipita)
ST Bakery Foods continues its operations in India through the Britchip joint venture, in which it holds a 40% stake, while Britannia owns the remaining 60%. The company contributes expertise in croissant production and invests in research and development. Britchip continues to expand dynamically in the Indian market.
Eurobank
In February 2025, Eurobank S.A., a leading Greek banking group, announced a multi-year collaboration with LTIMindtree, a global digital solutions provider, to enhance banking operations and customer experience. As part of this agreement, a Global Delivery Center (GDC) was officially inaugurated in Pune, India, at the LTIMindtree premises, with support from Fairfax Digital Services. This GDC will serve as a technology hub for Eurobank Group, responsible for digital innovation, modernization of banking infrastructure, and maintenance of critical banking applications. Additionally, LTIMindtree has been selected to support the Temenos implementation program for Eurobank Luxembourg providing services such as maintenance, data migration, quality assurance, and post-production support.
In June 2025, Eurobank highlighted its broader role in promoting economic and business connectivity between Greece, Cyprus, and India, including participation in the India–Middle East–Europe Economic Corridor (IMEC). Among other initiatives, the bank is facilitating the rollout of India’s UPI (Unified Payments Interface) in Greece and Cyprus, launching an agentic AI voice platform in Cyprus, and establishing the India–Greece–Cyprus Business and Investment Council (IGC).
Aegean Airlines
In July 2025, Aegean Airlines confirmed the acquisition of two Airbus A321neo XLR. These aircraft enable the launch of direct flights from Athens to New Delhi, starting March 2026, and Athens to Mumbai, starting May 2026. Chairman Eftichios Vassilakis emphasized that this fleet investment “accelerates access to the extremely important Indian market” and marks “the beginning of a new chapter for Aegean,” enhancing connectivity for Greece.
Frigoglass India Pvt. Ltd.
Frigoglass SA, a leading manufacturer of commercial refrigeration solutions, has been active in India for over 25 years through its subsidiary, Frigoglass India Pvt. Ltd. The company supplies solutions for the beverage and soft drink markets, serving major clients in India. Additionally, its Indian operations include research and development for new products.
EUROCERT S.A.
Founded in 1998, EUROCERT S.A. is an independent Greek certification and inspection body with a global presence in over 40 countries, including India. Through its subsidiary, Eurocert Inspection Services Pvt. Ltd., established in 2013, the company provides management system certification services such as ISO 9001, ISO 14001, ISO 22000, and ISO 27001, ensuring quality, safety, and environmental protection.
Danaos Software Services (India) Private Limited (DSSIPL)
A joint venture between the Greek company Danaos Management Consultants and the Indian Infobricks Technology Private Limited, DSSIPL is based in Mumbai. The company provides shipping software management services, including application and database management through secure private networks. It also offers technical software installation, training, custom solution development, and code troubleshooting.
Mikel
In January 2025, Mikel designated Greko India as its exclusive master franchise partner for India. The first outlet is planned for Delhi NCR, with further expansion targeted at Mumbai, Hyderabad, Kolkata, Pune, Chennai, and Bangalore.
Coffee Island
Coffee Island launched in January (2025) its first branded store in India, located in Gurgaon, a major business and tech hub near New Delhi. This move marks its entry into the fast-growing Indian coffee market. The venture is structured as a joint project between Coffee Island and its master franchisee in India, Pratyush Kumar Sureka of Vita Nova, a local startup. Coffee Island aims to open 20 stores in India by the end of 2025, targeting major metropolitan areas such as Delhi, Mumbai, Bangalore, and Hyderabad. Looking beyond, their long-term objective is to reach 250 outlets by 2029.
