The city was initially a major port and with the advent of the East India Company, it grew in size after the construction of Fort St George. The city has important branches of many Indian companies. As the capital of the state, Chennai has many government employees. The city also has its own stock exchange, the Madras Stock Exchange.
Chennai's service sector was traditionally dominated by finance and banking as several multinational banks had their in Chennai. Since the late 1990s, software development and business process outsourcing have provided a steady source of employment for city residents.
The IT Corridor in the southeast of the city houses several technology parks. The largest of these is Tidel Park, built by TIDCO, a government initiative. The city is also an important centre for other service industries like advertising and healthcare. Chennai is the base for over forty percent of India's automotive industry. Most of the automotive OEMs in India are based in Chennai, mainly in the Ambattur-Padi 
industrial zone. Several automotive-related companies such as: TVS, Ashok Leyland, Royal Enfield, Hyundai, Ford, Mitsubishi, TI Cycles and MRF have manufacturing plants in and around Chennai. The Heavy Vehicles Factory, Avadi produces military vehicles, including India's main battle tank
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