Gurgaon (/ˈgʊrgaʊŋ/) is a city in India, situated in the state of Haryana and immediately south of the National Capital Territory of Delhi. Located 32 kilometres (20 mi) southwest of New Delhi and 268 km (167 miles) southwest of Chandigarh, the state capital, Gurgaon has a population of 876,824. Witnessing rapid urbanization, Gurgaon has become a leading financial and industrial hub with the third highest per capita income in India. Historically known as Guru Gram, the city's economic growth story started when the leading Indian automobile manufacturer Maruti Suzuki India Limited established a manufacturing plant in Gurgaon in the 1970s. Today, Gurgaon is center for more than 250 Fortune 500 companies.