Company lists
The Maharashtra edition · 2026

Advanced materialscompanies in Maharashtra

Nano & carbon, textiles & fabrics, biomaterials & bioplastics, composites, waste & sustainability and more: the companies building advanced materials in Maharashtra, with their founders, funding, team size and business models.

48 company profiles20 with reported revenue3 with recorded fundingOctober 2026 edition
Maharashtra · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent advanced materials business events in India

Funding, M&A, contract wins and launches involving 264 advanced materials companies in India, last 24 months: 14 funding rounds · 5 Contracts · 5 launches · 3 M&A deals. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Mar 2026.

FundingFunding round

Canvaloop

Biomaterials startup Canvaloop raised $1.5 million from Gujarat Venture Finance Limited and Rockstud Capital.

Investors Gujarat Venture Finance, Rockstud Capital
Biomaterials
Funding

Agnit semiconductors

Semiconductors startup AGNIT Semiconductors raised $470,000 in funding

Semiconductors
M&AMerger · Announced

Kineco acquires Kineco Train Tech Private Limited

Kineco Limited, one of India's most closely watched unlisted composite manufacturers, is merging its subsidiary Kineco Train Tech Private Limited (KTTPL) into itself through a fast-track…

Railway technology
Contract

Fermbox Bio Private Limited · client: Numaligarh refinery

The entities with whom MoUs have been entered into include Forace Speciality Chem Private Limited, Fermbox Bio Private Limited, altM Bio, Council of Scientific & Industrial Research…

FundingPre-Series A

Zerocircle

Materials science company Zerocircle has raised Rs 5 crore in pre-Series A funding round co-led by 3one4 Capital and Rainmatter Capital along with participation from other investors.

Materials Science
LaunchTerrablack

Epsilon carbon

Epsilon Carbon, has announced the launch of Terrablack, a product line that aims to shape the carbon black sector with sustainability at its core

Carbon Black
Funding

Lohia aerospace

Singularity AMC, a leading growth-equity investment platform backed by Madhusudan Kela and led by Yash Kela, today announced that it has invested in Lohia Aerospace Systems Private…

Investors Singularity AMC
Aerospace and Defence
Funding

Fabheads

For instance, in June, Fabheads, a composite manufacturing technology company, raised $10 million through a mix of debt and equity from Accel and others.

Investors Accel, Others
Manufacturing
ContractTechnology

BEML Ltd · client: Kineco

Before this, BEML and Kineco Ltd have signed a MoU to collaborate in the field of advanced composite manufacturing for aerospace and Defence applications.

Aerospace and Defence
Contract

Kineco · client: Beml limited

This marks another strategic international tie-up for BEML, which had earlier signed an MoU with Kineco to collaborate on advanced composite manufacturing for aerospace and defence…

FundingPre-Series A

Amwoodo

India, 23rd September, 2025: Amwoodo, an innovator in bamboo-based sustainable solutions, announced that it has raised $4 million in Pre-Series A funding from a consortium of leading…

Investors Rainmatter, Adventz Group, ThinKuvate, Caspian
Sustainable Materials
FundingPre-seed

BacAlt BioSciences

Bio-tech startup BacAlt Biosciences has raised $2 million (about Rs 18 crore) in a pre-seed funding round led by Avaana Capital along with participation from Lubrizol InnoVentures.

Investors Avaana Capital, Lubrizol InnoVentures
Biotechnology
LaunchInvisi Grille

Garware technical fibres

Global leader in technical textiles Garware Technical Fibres Ltd. (GTFL) has announced the launch of Invisi Grille, India’s first engineered invisible safety grille.

Invisible safety grille
LaunchFleet of six LNG-powered container trucks

Epsilon carbon

Epsilon Carbon Pvt. Ltd. has launched a fleet of six LNG-powered container trucks for carbon black freight, aiming to reduce emissions and improve supply chain efficiency.

Truck
FundingLoan

Epsilon advanced materials

Epsilon Advanced Materials Inc (EAM), the battery materials arm of Epsilon Group, has received a non-binding Letter of Interest (LOI) from the Export-Import Bank of the United States…

Investors Export-Import Bank of the United States (EXIM)
Battery materials
FundingSeries A

Fabheads

Chennai-based composite manufacturing tech startup Fabheads has secured $10 million in Series A funding to advance the automation of composite fiber production. The funding round was led…

Composite manufacturing technology
M&AAcquisition · Announced

Garware technical fibres acquires Offshore & trawl supply as

Pune, 24th June 2025, Garware Technical Fibres Limited (GTFL), a global leader in technical textiles and application-focused solutions across Aquaculture, Fisheries, Geosynthetics,…

Synthetic Cordage Solutions
Funding

Zerocircle

Zerocircle $2.3mn Biotech

Biotech
Funding

Cancrie

Cancrie $1.2 Mn Chemical Raw Materials Manufacturing

Chemical Raw Materials Manufacturing
FundingMaiden institutional seed round

Cancrie

Cancrie, a startup specialising in advanced nanocarbon materials for energy storage, has raised $1.2 million in its maiden institutional seed round.

Energy Storage Materials
FundingSeed round

Agnit semiconductors

AGNIT Semiconductors has raised in a seed round led by 3one4 Capital and Zephyr Peacock – marking their first investment in India’s semiconductor sector.

Investors 3one4 capital, Zephyr Peacock, Lakshmi Narayanan
Semiconductor
M&AAcquisition · Announced

Heg acquires Graftech international

Shares of HEG rallied 6 per cent to Rs 2,335 on the BSE in Tuesday’s intraday trade after the company informed the exchanges that it has acquired a 8.23 per cent stake in GrafTech…

LaunchContinua™ 8030 SCM

Birla carbon

Birla Carbon, one of the leading manufacturers and suppliers of high-quality carbon-based solutions, announces the launch of Continua™ 8030 SCM, a circular material designed to address…

Circular material

Advanced materials companies in Maharashtra, by revenue

Browse advanced materials companies in Maharashtra by reported revenue, one-year revenue growth, revenue model, age and stage. The 20 companies below are the largest by their most recent reported revenue among 20 advanced materials companies in Maharashtra that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 20 of 20

Manufacturer of reinforcing grades and tread grades of hard carbon black and coal tar derivatives

Advanced materials
₹2,733.41 crFY 2024-25
+6%2024–2025
772+20% 12 mo to Aug 2024LinkedIn · Oct 2026
16 yr2010
0none in 3 months · last posted Jul 2026

Developer of technical textiles for multiple industries

Advanced materials
₹1,368.80 crFY 2023-24
Not reported
920-1% 12 mo to Mar 2024LinkedIn · Oct 2026
50 yr1976
0none in 3 months

Manufacturer of textiles for hospitality, promotional, and healthcare sectors

Home furnishing products
₹108.04 crFY 2024-25
+11%2024–2025
—Not available
31 yr1995
0none in 3 months

Manufacturer of activated carbon products for industrial and environmental applications

Advanced materials
₹98.68 crFY 2024-25
+36%2024–2025
31LinkedIn · Jul 2026
16 yr2010
0none in 3 months

Manufacturer of corduroy and velveteen fabrics for apparel and home textiles

Textile yarn
₹47.19 crFY 2024-25
-5%2024–2025
—Not available
45 yr1981
0none in 3 months

Manufacturer of specialty graphite products including expandable, high purity, and spherical.

Advanced materials
₹46.00 crFY 2024-25
-4%2024–2025
36LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Online platform offering bioenergy solutions

Crop tech
₹40.05 crFY 2024-25
+279%2024–2025
197-73% 12 mo to Feb 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months · last posted Jun 2026

Provider of sustainable cotton processing solutions using environmentally safe enzymes

Advanced materials
₹25.54 crFY 2024-25
+22%2024–2025
—Not available
16 yr2010
0none in 3 months · last posted Jul 2026

Provider of specialty chemicals for textile applications, offering technical support

Advanced materials
₹15.90 crFY 2024-25
+1%2024–2025
10LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Sustainable hemp and hemp blend fabrics supplier

Fashion tech
₹7.34 crFY 2024-25
+37%2024–2025
—Not available
8 yr2018
0none in 3 months

Provider of graphite carbon products

Energy storage tech
₹4.43 crFY 2024-25
+51%2024–2025
58+61% 12 mo to Sep 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Manufacturer of composite materials and tooling solutions

Composites
₹1.39 crFY 2023-24
Not reported
8LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Developer of graphene products

Advanced materials
₹1.22 crFY 2024-25
+55%2024–2025
3LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Manufacturer of compostable plastic packaging and 3D printing filaments

Advanced materials
₹47.67 lakhFY 2023-24
+228%2023–2024
—Not available
8 yr2018
0none in 3 months

Manufacturer of algae based barrier coatings for food contact packaging

Packaging tech
₹30.45 lakhFY 2024-25
-85%2024–2025
26LinkedIn · Jul 2026
6 yr2020
2postings · last posted Sep 2026

Technology solution for carbon removal

Solid waste management tech
₹24.28 lakhFY 2024-25
Not reported
5LinkedIn · Jul 2026
4 yr2022
0none in 3 months

Manufacturer of bio-based materials using agri-waste and natural fibre

Advanced materials
₹14.21 lakhFY 2024-25
-10%2024–2025
4LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Developer of bio-plastic for sustainable solutions

Advanced materials
₹3.35 lakhFY 2024-25
-72%2024–2025
—Not available
7 yr2019
0none in 3 months

Manufacturer of scalable, customizable, and high-purity graphene for diverse industrial applications

Advanced materials
₹2.70 lakhFY 2024-25
Not reported
1LinkedIn · Jul 2026
3 yr2023
0none in 3 months

Manufacturer of plant-based leather from mango waste

Advanced materials
₹0.05 lakhFY 2024-25
-97%2024–2025
4LinkedIn · Jul 2026
6 yr2020
0none in 3 months
20 of 48 companies shown here · the full list is on Radar
Fliar Radar

Explore all 48 advanced materials companies in Maharashtra on Radar

This page shows the top 20. Radar has the complete, filterable list with contacts and live company signals.

Open advanced materials in Maharashtra on Radar
  • Every company, not just 50All 48 advanced materials companies in Maharashtra, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
  • Save and exportBuild lists, compare companies side by side and export them from your Radar account.

Explore advanced materials companies in Maharashtra by what you are looking for

Browse advanced materials companies in Maharashtra, including nanotechnology, graphene, biomaterials and composites makers. You can also find advanced materials startups in Maharashtra and advanced materials companies hiring in Maharashtra.

7 ways to explore advanced materials in Maharashtra

Nanomaterials, graphene & carbon materialsSustainable textiles, fabrics & alternative leatherBiomaterials, bioplastics & biodegradable polymersAdvanced composites & engineered materialsWaste-to-materials, packaging & carbon captureAdvanced materials startups in Maharashtra

Nanomaterials, graphene & carbon materials

Manufacturers of graphene, carbon black, nanopowders and other carbon-based materials.

  1. Epsilon Carbon

    Manufacturer of reinforcing grades and tread grades of hard carbon black and coal tar derivatives

    Advanced materials
    See in list
  2. PranaGraf

    Manufacturer of specialty graphite products including expandable, high purity, and spherical.

    Advanced materials
    See in list
  3. EAMPL

    Provider of graphite carbon products

    Energy storage tech
    See in list
  4. HEXORP

    Developer of graphene products

    Advanced materials
    See in list
  5. Gigaton Research

    Manufacturer of scalable, customizable, and high-purity graphene for diverse industrial applications

    Advanced materials
    See in list

Sustainable textiles, fabrics & alternative leather

Technical textiles, hemp fabrics, plant-based leather and eco-friendly fashion materials.

  1. Garware Technical Fibres

    Developer of technical textiles for multiple industries

    Advanced materials
    See in list
  2. Intermarket

    Manufacturer of textiles for hospitality, promotional, and healthcare sectors

    Home furnishing products
    See in list
  3. Velcord Textiles

    Manufacturer of corduroy and velveteen fabrics for apparel and home textiles

    Textile yarn
    See in list
  4. Hemp Fabric Lab

    Sustainable hemp and hemp blend fabrics supplier

    Fashion tech
    See in list
  5. Unkarbon

    Manufacturer of bio-based materials using agri-waste and natural fibre

    Advanced materials
    See in list

Biomaterials, bioplastics & biodegradable polymers

Companies making biodegradable plastics, bio-based materials and polymers.

  1. Kalimati Carbon

    Manufacturer of activated carbon products for industrial and environmental applications

    Advanced materials
    See in list
  2. TGP Bioplastics

    Manufacturer of compostable plastic packaging and 3D printing filaments

    Advanced materials
    See in list
  3. Zerocircle

    Manufacturer of algae based barrier coatings for food contact packaging

    Packaging tech
    See in list
  4. Unkarbon

    Manufacturer of bio-based materials using agri-waste and natural fibre

    Advanced materials
    See in list
  5. ZeroPlast Labs

    Developer of bio-plastic for sustainable solutions

    Advanced materials
    See in list

Advanced composites & engineered materials

Composite, carbon fibre and wood-plastic materials for industrial use.

  1. Garware Technical Fibres

    Developer of technical textiles for multiple industries

    Advanced materials
    See in list
  2. Quest Performance

    Provider of specialty chemicals for textile applications, offering technical support

    Advanced materials
    See in list
  3. Hemp Fabric Lab

    Sustainable hemp and hemp blend fabrics supplier

    Fashion tech
    See in list
  4. JSM Composites

    Manufacturer of composite materials and tooling solutions

    Composites
    See in list
  5. Unkarbon

    Manufacturer of bio-based materials using agri-waste and natural fibre

    Advanced materials
    See in list

Waste-to-materials, packaging & carbon capture

Sustainable packaging, recycling and carbon removal companies.

  1. Gencrest

    Online platform offering bioenergy solutions

    Crop tech
    See in list
  2. EAMPL

    Provider of graphite carbon products

    Energy storage tech
    See in list
  3. CTRL + Z

    Technology solution for carbon removal

    Solid waste management tech
    See in list
  4. Watersol™

    Manufacturer of water-soluble films

    Water soluble films
    Website
  5. WeWake IndiGreen

    Developer of technological products for sustainable solutions to environmental challenges

    Solid waste management tech
    Website

Advanced materials startups in Maharashtra

Newer advanced materials companies in Maharashtra founded in recent years.

  1. JSM Composites

    Manufacturer of composite materials and tooling solutions

    Composites
    See in list
  2. CTRL + Z

    Technology solution for carbon removal

    Solid waste management tech
    See in list
  3. Gigaton Research

    Manufacturer of scalable, customizable, and high-purity graphene for diverse industrial applications

    Advanced materials
    See in list
  4. GENZ MATERIALS

    Manufacturer of chemicals and chemical products

    Advanced materials
    Website
  5. Agri Waste

    Platform for recycling agricultural waste

    Solid waste management tech
    Website
14 companies in Maharashtra

Advanced materials companies hiring in Maharashtra

Advanced materials companies in Maharashtra with open jobs right now.

  1. Epsilon Carbon

    Manufacturer of reinforcing grades and tread grades of hard carbon black and coal tar derivatives

    Advanced materials
    See in list
  2. Gencrest

    Online platform offering bioenergy solutions

    Crop tech
    See in list
  3. Greenwave Global

    Provider of sustainable cotton processing solutions using environmentally safe enzymes

    Advanced materials
    See in list
  4. Zerocircle

    Manufacturer of algae based barrier coatings for food contact packaging

    Packaging tech
    See in list
4 companies in Maharashtra
Mobile reach

Top 3 advanced materials apps from Maharashtra

The most-installed Android apps published by advanced materials companies headquartered in Maharashtra — 495 installs between them. 3 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 3
The business behind the activity

Advanced materials financials in Maharashtra

Revenue, profit and growth from the filed annual accounts of 16 advanced materials companies in Maharashtra for FY24-25 — 18 of the 48 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 99% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹9,068.92 cr

16 companies filing accounts

combined net profit₹815.52 cr

9.0% aggregate margin

are profitable50%

8 of 16 companies

median revenue~₹11.5 cr

the typical company

median revenue growth+2%

into FY24-25

earned by the top five99%

revenue concentration

Six-year view

Combined revenue of filing companies

₹4,532.68 crFY19-209 filers
₹4,054.44 crFY20-2111 filers
₹7,042.28 crFY21-2212 filers
₹9,198.64 crFY22-2316 filers
₹8,616.65 crFY23-2416 filers
₹9,068.92 crFY24-2516 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 14 companies over three years

-1%
FY22-23₹9,198.25 cr₹1,010.11 cr net
FY23-24₹8,614.77 cr₹940.78 cr net
FY24-25₹9,068.66 cr₹815.61 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr714% profitable
₹1–10 cr10% profitable
₹10–100 cr475% profitable
₹100–1,000 cr1100% profitable
Over ₹1,000 cr3100% profitable

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking6
0–20%5
20–50%2
50–100%0
Doubled+1

14 companies with accounts for both years; median growth +2%.

Profitability

Profit is concentrated at the top

8profitable
8loss-making
9.0%aggregate margin
-0.3%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
Kalimati CarbonKALIMATI CARBON PRIVATE LIMITED+36%₹98.68 cr
Garware Technical FibresGARWARE TECHNICAL FIBRES LIMITED+15%₹1,525.46 cr
IntermarketINTERMARKET INDIA PRIVATE LIMITED+11%₹108.04 cr
Epsilon CarbonEPSILON CARBON PRIVATE LIMITED+4%₹2,692.87 cr
Birla CarbonBIRLA CARBON INDIA PRIVATE LIMITED+2%₹4,526.62 cr
Quest PerformanceQUEST PERFORMANCE ADDITIVES (INDIA) PRIVATE LIMITED+1%₹15.90 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Garware Technical FibresGARWARE TECHNICAL FIBRES LIMITED14.0%₹1,525.46 cr
IntermarketINTERMARKET INDIA PRIVATE LIMITED9.5%₹108.04 cr
Epsilon CarbonEPSILON CARBON PRIVATE LIMITED9.2%₹2,692.87 cr
Birla CarbonBIRLA CARBON INDIA PRIVATE LIMITED₹4,526.62 cr
Kalimati CarbonKALIMATI CARBON PRIVATE LIMITED7.5%₹98.68 cr
Quest PerformanceQUEST PERFORMANCE ADDITIVES (INDIA) PRIVATE LIMITED2.4%₹15.90 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Advanced materials10₹8,905.74 cr~₹30.9 cr50%9.1%
Leaders

Largest advanced materials companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Birla CarbonBIRLA CARBON INDIA PRIVATE LIMITED₹4,526.62 cr₹345.21 cr+2%
Epsilon CarbonEPSILON CARBON PRIVATE LIMITED₹2,692.87 cr₹248.26 cr9.2%+4%
Garware Technical FibresGARWARE TECHNICAL FIBRES LIMITED₹1,525.46 cr₹214.07 cr14.0%+15%
IntermarketINTERMARKET INDIA PRIVATE LIMITED₹108.04 cr₹10.29 cr9.5%+11%
Kalimati CarbonKALIMATI CARBON PRIVATE LIMITED₹98.68 cr₹7.38 cr7.5%+36%
Velcord TextilesVELCORD TEXTILES PRIVATE LIMITED₹47.19 cr₹20.00 lakh0.4%-5%
PranaGrafPRANAGRAF MATERIALS & TECHNOLOGIES PRIVATE LIMITED₹46.00 cr−₹1.36 cr-3.0%-4%
Quest PerformanceQUEST PERFORMANCE ADDITIVES (INDIA) PRIVATE LIMITED₹15.90 cr₹37.78 lakh2.4%+1%
Hemp Fabric LabBOMBAY HEMP COMPANY PRIVATE LIMITED₹7.19 cr−₹5.06 cr-70.3%+44%
ZerocircleZEROCIRCLE ALTERNATIVES PRIVATE LIMITED₹30.45 lakh−₹2.71 cr-890.1%-85%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Advanced materials funding and M&A across India

75 recorded equity rounds have gone to 264 advanced materials companies in India — how much, at which stage, into which sub-sectors, from whom, and how Maharashtra compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months9

US$34.03m

equity rounds, last 24 months29

US$69.39m

raised over five yearsUS$94.01m

68 rounds in India

M&A deals, India3

last 24 months

Capital by year

Equity funding into advanced materials in India

amount rounds
$527k20181
$120k20191
$020201
$4.1m202111
$929k20224
$7.2m20237
$19m202421
$31m202518
$32m20267

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2025, with US$30.74m across 18 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$2.77m8 rounds · median US$240k
SeedUS$47.34m54 rounds · median US$352k
Series AUS$43.90m6 rounds · median US$6.40m
Where the money went · five years

Most-funded sub-sectors

Advanced materialsUS$67.19m43 rounds · 23 companies
CompositesUS$12.83m5 rounds · 1 companies
Packaging techUS$8.57m12 rounds · 3 companies
NanotechnologyUS$3.24m3 rounds · 1 companies
Fashion techUS$2.01m4 rounds · 1 companies
Construction techUS$157k1 rounds · 1 companies
Corporate activity · last 24 months

M&A in India

2Acquisition
1Merger

Most active acquirers

  1. Kineco1
  2. Garware technical fibres1
  3. Heg1

Most acquired or merged

  1. Kineco Train Tech Private Limited1
  2. Offshore & trawl supply as1
  3. Graftech international1

Each deal appears in the events strip at the top of the page.

Founders and momentum in Maharashtra

Meet the people behind advanced materials companies in Maharashtra. 29 of 48 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Maharashtra advanced materials companies by sub-sector

The most common specialisations among advanced materials companies in Maharashtra. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring advanced materials in India and nearby markets.

Coming soon