Best Advanced Materials Companies in Maharashtra, India
The 36 best Advanced Materials companies in Maharashtra, India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Epsilon Carbon.
Ranked: Best Advanced Materials companies in Maharashtra
| # | Company | Revenue | Revenue YoY | Disclosed funding | Last round | Founder | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | RelWood Provider of waterproof, termite-proof, and UV-resistant material made with patented technology, suitable for… | $118.1B FY2025 | +7% | — | — | Sukhpreet Ahuja CEO | — | — |
| 2 | Birla Carbon Manufacturer of carbon black additives | $425M FY2024 | +6% | — | — | Santrupt Misra Co-CEO | 4 patents Manufacturing carbon black/nanocarbon materials and petroleum oil desulfurization processes. | 1 award |
| 3 | Epsilon Carbon Manufacturer of reinforcing grades and tread grades of hard carbon black and coal tar derivatives 60Market top 23%Fin. health top 25%Moat top 26%Product top 29% All 12 signals ▾Markettop 23% Fin. healthtop 25% Moattop 26% Producttop 29% Fundingtop 38% Newstop 44% Growthtop 45% Talentbottom 49% Innovationbottom 43% Globalbottom 37% Patentsbottom 36% Techbottom 26% Market: 634 employees (top 2% of High Tech) · Revenue ~$323M Fin. health: Revenue ~$323M (FY2024) · Net margin 9.3% rank vs industry peers · Fliar Intelligence Index 60/100 | $323M FY2025 | +6% | $12M | 29 mo ago | Gaurav Mathur CEO | 2 patents Advanced cathode materials for lithium‑ion batteries | — |
| 4 | Garware Technical Fibres Developer of technical textiles for multiple industries | $187M FY2025 | +15% | — | — | Shujaul Rehman CEO | 37 patents Recyclable aquaculture netting and in-situ parasite removal systems for fish farming | 2 launchs |
| 5 | Kusumgar Manufacturer of engineered fabrics and solutions | $93M FY2025 | +67% | — | 12 mo ago | Yogesh Kusumgar Founder | — | — |
| 6 | Watersol™ Manufacturer of water-soluble films | $18M FY2024 | — | — | — | Avie Beaton Founder | — | — |
| 7 | Tipco Provider of bio-based materials and products for sustainable solutions | $11M FY2025 | +5% | — | — | Baldev Garhwal Director | — | — |
| 8 | PranaGraf Manufacturer of specialty graphite products including expandable, high purity, and spherical. | $5M FY2025 | -4% | — | — | Biswal CEO & MD | — | — |
| 9 | Gencrest Online platform offering bioenergy solutions | $5M FY2025 | +279% | — | — | Rajendra Agarwal Managing Director | 9 patents Enzymatic conversion of plant biomass into textile‑grade fibers for sustainable fabrics | 1 job opening |
| 10 | Greenwave Global Provider of sustainable cotton processing solutions using environmentally safe enzymes | $3M FY2025 | +22% | — | — | — | — | — |
| 11 | Quest Performance Provider of specialty chemicals for textile applications, offering technical support | $2M FY2025 | +1% | — | — | Sachin Sawant CEO | — | — |
| 12 | Hemp Fabric Lab Sustainable hemp and hemp blend fabrics supplier | $868K FY2025 | +37% | — | — | Sumit Shah Co-Founder | — | — |
| 13 | EAMPL Provider of graphite carbon products | $524K FY2025 | +51% | — | — | Sunit Kapur CEO | — | 1 launch |
| 14 | HEXORP Developer of graphene products | $145K FY2025 | +55% | — | — | Sukkrit Goel Co-Founder | — | — |
| 15 | TGP Bioplastics Manufacturer of compostable plastic packaging and 3D printing filaments | $58K FY2024 | +228% | — | — | Indrajeet Nikam Co-Founder | — | — |
| 16 | Zerocircle Manufacturer of algae based barrier coatings for food contact packaging 10Talent top 38%Tech top 41%Funding top 46%Global bottom 37% All 9 signals ▾Talenttop 38% Techtop 41% Fundingtop 46% Globalbottom 37% Moatbottom 37% Growthbottom 25% Marketbottom 20% Newsbottom 17% Fin. healthbottom 10% Talent: 2 named leaders on record · 2 C-suite/founder profiles curated Tech: 31 technologies across 4/8 capability areas · Cloud: Cloudflare rank vs industry peers · Fliar Intelligence Index 10/100 | $36K FY2025 | -85% | $300K | 7 mo ago | Varun Jain Co-Founder | — | 1 launch |
Top 6 Advanced Materials companies in Maharashtra
#1
Seed · Mumbai, Maharashtra · founded 2020$6.5Mraised▾
Manufacturer of plant-based leather from mango waste. This leather is a sustainable alternative to animal and synthetic leathers. It utilizes bio-polymers derived from fermented mango waste fiber, resulting in a biodegradable and eco-friendly material. The manufacturing process involves sourcing waste mangoes directly from farmers, creating a circular economy model. The resulting leather possesses properties similar to traditional leather, suitable for various applications in fashion and other industries. The company holds exclusive manufacturing rights and patent licenses for this technology.
- Dec 2025Seed$892.5K
- Nov 2024Angel$298.5K
- Seed$5.3M
#2
Seed · Pune, Maharashtra · founded 2020$300Kraised▾
Manufacturer of algae based barrier coatings for food contact packaging. These materials provide grease resistance for paperboard containers and food service items. The products serve as alternatives to synthetic plastic and chemical barrier coatings. The manufacturing process utilizes natural compounds to create functional packaging materials that maintain structural integrity during use.
- Jan 2026Seed$547.4K
- Jan 2025Seed$2.3M
- Nov 2024Seed$1.7M
- 2023Grant (prize money)—
#3
Funding Raised · Mumbai, Maharashtra · founded 2010 · 634 employees$12Mraised▾
Manufacturer of reinforcing grades and tread grades of hard carbon black and coal tar derivatives. It provides users with a companhy involved in manufcaturing coal tar derivatives and carbon products like binder pitch, impregnation pitch, carbon black oil, anthracene oil, naphthalene, phenol, and more. It also manufactures battery materials.
- Mar 2024Conventional Debt$12M
#4
Seed · Mumbai, Maharashtra · founded 2025$349.5Kraised▾
Manufacturer of chemicals and chemical products. The company provides materials for electronics, energy, healthcare, and environmental applications. Offerings include polymers for flexible displays, nano-engineered silica for catalysis, and hydrogels for cell culture. The company also provides electrochromic polymers, semiconducting polymers, and custom formulations. The materials are used in coatings, sensors, and energy storage.
- Jun 2025Seed$349.5K
#5
Series B · Mumbai, Maharashtra · founded 1970—raised▾
Manufacturer of engineered fabrics and solutions. It specializes in manufacturing technical textiles for various applications, including defense, aerospace, outdoor clothing, industrial fabrics, sports wear, and parachutes. It also offers a wide variety of specialty textiles and fabric materials including, synthetic filament yarns ranging from conventional polyamide and polyester yarns to specialty rayon, polyamide and polyester filament yarns to poly-aramid yarns.
#6
Seed · Pune, Maharashtra · founded 2019$1.4Kraised▾
Developer of bio-plastic for sustainable solutions. It provides users with a company that extracts cellulose from crop residues and blends it with bio-based additives to create bioplastics and biocomposites. It also utilizes crop residue waste from farmers that would otherwise be burned, preventing air pollution.
- 2023Grant (prize money)—
- Apr 2021Seed—
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Advanced Materials coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Advanced Materials is moving in India
A read on the academic research around Advanced Materials — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 601 India-affiliated papers.
- Ministry of Education37
- Indian Institute of Science Bangalore26
- Indian Institute of Technology Kharagpur22
- Academy of Scientific and Innovative Research21
- Indian Institute of Technology Delhi21
- Smart material9→28
- Elastomer1→10
- Nanotechnology4→12
- Composite material2→9
- Composite number2→7
- Smart material35→64
- Nanotechnology8→25
- Nanocomposite2→15
- Graphene2→11
- Polymer5→13
- Smart material5→22
- Nanotechnology1→11
Where advanced materials is researched across India
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
Who's filing advanced materials patents in India
India advanced materials patent filing is cooling — 1,335 filings from 2,316 assignees (2016–2025), led by CSIR, TATA Steel, Tata Consultancy Services; annual filings 131→109.
- CSIR476
- TATA Steel117
- Tata Consultancy Services60
- Halliburton Energy SERV59
- Indian INST Scient57
- Indian OIL55
- TATA Chemicals45
- General Electric42
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.