The industrial development of Pimpri Chinchwad was started with the established of Hindustan Antibiotic the first pharmaceutical company in the year 1954. On 4 March 1970 late Annasaheb Magar put the founding stone of PCMC.

The twin towns of Pimpri-Chinchwad have long held the reputation of being a prominent industrial region in Maharashtra. What has now caught everyone's attention is the rapid growth the area is registering. A number of international brands - especially from automobile and auto component sectors - are making a beeline to set up their production units here.

The region is registering 15 percent growth annually, according to government officials. At present, the region has more than 4,000 industrial units, including small and medium-scale enterprises (SMEs) as well as multinational companies (MNCs) such as Tata Motors,Kinetic Engineering,Force Motors,Bajaj Auto,SKF Bearing India Ltd.,Thermax, Forbes Marshall etc. IT majors - such as Infosys,Wipro, IBM India, KPIT Cummins etc. - also set up their bases here with the establishment of the Rajiv Gandhi Infotech Park in Hinjewadi and Talawade