Company lists
The Maharashtra edition · 2026

Beauty & Personal Care Productscompanies in Maharashtra

Skin care, hair care, makeup & fragrance, online beauty brands, hygiene & home care and more: the companies building beauty & personal care products in Maharashtra, with their founders, funding, team size and business models.

446 company profiles216 with reported revenue41 with recorded fundingSeptember 2026 edition
Maharashtra · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent beauty & personal care products business events in Maharashtra

Funding, M&A, contract wins and launches involving 512 beauty & personal care products companies in Maharashtra, last 24 months: 49 M&A deals · 18 funding rounds · 8 launches · 7 Contracts. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Apr 2026.

M&AAcquisition · Announced

Hindustan unilever acquires Oziva

Hindustan Unilever’s acquisition of the residual 49% stake in plant-based nutrition brand OZiva, valuing the D2C brand at about ₹1,682 crore.

Plant-based Nutrition
M&AAcquisition · Completed

Marico acquires Skinetiq

In a major milestone, Skinetiq sold a 75% equity stake to Marico Limited, in a deal valued at approximately $38 million.

Beauty
M&AAcquisition · Announced

Reliance retail acquires Pahadi local

Reliance Retail Limited has acquired the brand Pahadi Local along with its business from Pahadi Goodness Private Limited.

Skincare and Wellness
M&AAcquisition · Completed

Na acquires Hindustan unilever

The shares of Hindustan Unilever will remain in focus today after the FMCG major announced it has completed the sale of its entire 19.8% stake in Nutritionalab, the parent company of…

Contract

Hindustan unilever · client: Nutritionlab Pvt Ltd

Hindustan Unilever: The FMCG major said that it has completed the sale of its entire 19.8% shareholding in Nutritionlab Pvt Ltd for a consideration of ₹307 crore.

M&AAcquisition · Announced

Marico acquires Skinetiq JSC

India’s Marico acquires 75% stake in Vietnam’s Skinetiq JSC Marico South-East Asia Corporation (MSEA) has entered definitive agreements to acquire a 75% equity stake in Skinetiq Joint…

Beauty
M&AAcquisition · Announced

Sesa acquires Base digitale group

The transaction provides for a total consideration of Euro 5,530 million, to be settled through a share swap involving SESA shares, for a total of 60,438 shares, valued at Euro 91.5 per…

Digital platforms for financial services industry
M&AAcquisition · Completed

Godrej consumer products acquires Muuchstac

Godrej Consumer Products last year bought men's grooming brand Muuchstac for about 4.5 billion rupees ($49 million).

Men's grooming brand
M&AAcquisition

Godrej Consumer acquires Muuchstac

Last year, Godrej Consumer acquired men’s grooming brand Muuchstac for about Rs 450 crore via a slump sale from Trilogy Solutions.

FMCG
ContractService

Semicab · client: Hindustan unilever

SemiCab was awarded $1.6 million in new business by Hindustan Unilever, Ltd. (“HUL”), the Indian-based subsidiary of Unilever, one of the global leaders in consumer packaged goods and…

Logistics & Transportation
Funding

Fae beauty

At least seven startups — including Moxie, Skininspired, Conscious Chemist, Fae Beauty, Krieya, Antinorm and Secret Alchemist — have closed funding rounds between November and January

M&AAcquisition · Announced

Mamaearth acquires Fang Oral Care

Earlier this year, it also signed an agreement to secure a 25% stake in Fang Oral Care for INR 10 Cr.

M&AAcquisition · Completed

Godrej consumer products acquires Muuchstac

Earlier this year, Godrej Consumer Products Ltd (GCPL) completed its acquisition of men’s grooming brand Muuchstac in a `450-crore deal.

Funding

Muuchstac

Godrej Consumer Products’ Rs 450 crore acquisition of Muuchstac last month was less about traditional grooming and more about nudging men up the value chain from soap to facial cleansers.

FundingSeed/Angel round

Fae beauty

FAE Beauty, an Indian direct-to-consumer cosmetics startup, has raised ₹17 crore (~$2.1 million USD) in a fresh funding round.

Investors Spring marketing capital, Titan capital, Arihant Patni, Other Angel Investors
Beauty Cosmetics (D2C)
M&AAcquisition · Announced

Bajaj acquires Pierer Bajaj

The Indian vehicle company Bajaj had acquired all shares in the previous joint venture Pierer Bajaj on Tuesday and thus indirectly the majority in Pierer Mobility.

Funding

Fang Oral Care

Fang Oral Care has raised ₹10 crore in funding from Honasa Consumer Ltd., the parent company behind brands such as Mamaearth, The Derma Co., and Aqualogica, the Mumbai-based startup…

Investors Honasa consumer
Oral care
M&AAcquisition · Announced

Honasa consumer acquires Fang oral

The beauty and personal care company has acquired a minority stake for ₹10 crore in oral care brand Fang Oral (operated by Couch Commerce Pvt Ltd) to expand its presence in the category…

Oral Care
M&AAcquisition · Completed

Bajaj acquires Ktm

Bajaj took full control of Austria’s KTM in an €800 million transaction.

Contract

USPL (Minimalist brand) · client: Hul

HUL: Acquires 90.5% stake in USPL (Minimalist brand) for ₹2,706 Cr on April 21, 2025.

Funding

Simply Nam

Shardul Amarchand Mangaldas & Co. acted as the legal counsel for Ms. Namrata Soni, the co-founder and promoter of Simply Nam Beauty Private Limited in connection with a strategic…

Investors Bhaane Group, Anand S Ahuja, Sonam Kapoor Ahuja
Beauty, wellness, and fashion retail
ContractInfrastructure

Enzyme Office Spaces · client: Sugar cosmetics

In early 2025, SUGAR Cosmetics leased a 14,000 sq ft space comprising 300 seats at Enzyme’s Andheri East centre in Mumbai.

Real Estate/Office Space
Funding

Simply Nam

Homegrown beauty label Simply Nam, founded by celebrity makeup artist Namrata Soni, has secured a major investment from the Bhaane Group, marking a significant turning point in the…

Investors Bhaane Group
Beauty
FundingPre-Series A

Salt oral care

Lotus Holdings (Lotus Herbals Family Office) has invested $1 million in the oral wellness company Salt Oral Care’s Pre-Series A funding round.

Investors Lotus holdings
Oral Care
Contract

Na · client: Hindustan unilever

Last year in October, Hindustan Unilever Limited (HUL) leased out 5.93 lakh sq ft of warehousing space in Bhiwandi near Mumbai at an initial monthly rent of ₹1.54 crore.

Warehousing
M&AAcquisition · Completed

Reliance retail acquires Pahadi local

Reliance Retail, the country's largest retailer, on Monday announced that it has acquired Pahadi Local, a beauty and wellness brand known for its nature-led, Himalayan-inspired…

Beauty and Wellness
FundingD2C equity

Pilgrim

Meanwhile, D2C beauty and personal care brand Pilgrim secured $23 million funding.

Investors Na
Beauty & Personal Care

Beauty & Personal Care Products companies in Maharashtra, by revenue

Browse beauty & personal care products companies in Maharashtra by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 216 beauty & personal care products 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 25 of 50

Producer of FMCG, packaged food, and consumer goods

Beauty & personal care products
₹62,707.00 crFY 2023-24
Not reported
6,697recorded Mar 2023
93 yr1933
0none in 3 months

Manufacturer of household and personal care products

Beauty & personal care products
₹14,680.41 crFY 2024-25
+2%2024–2025
356-3% 12 mo to Sep 2024recorded Sep 2024
25 yr2001
3postings · last posted Sep 2026

Brand of health, beauty and wellness

Beauty & personal care products
₹9,795.00 crFY 2023-24
Not reported
1,768-1% 12 mo to Feb 2024recorded Feb 2024
36 yr1990
5postings · last posted Sep 2026

Internet first brand offering multi natural skin & hair care products

Beauty & personal care products
₹5,979.16 crFY 2024-25
+5%2024–2025
—Not available
20 yr2006
0none in 3 months

Dermatologist-recommended skin care brand offering a range of products for healthier and beautiful skin.

Beauty & personal care products
₹5,216.77 crFY 2022-23
Not reported
1,112-50% 12 mo to Sep 2024recorded Sep 2024
96 yr1930
—No postings tracked

Provider of professional hair care, color, styling, and texture products

Beauty & personal care products
₹4,993.62 crFY 2022-23
Not reported
5-76% 12 mo to Jan 2024recorded Jan 2024
46 yr1980
—No postings tracked

Offering sanitary napkins for women

Beauty & personal care products
₹4,781.29 crFY 2024-25
+5%2024–2025
—Not available
21 yr2005
0none in 3 months

Provider of brand specializing in high-quality hair care and skin care products

Beauty & personal care products
₹997.94 crFY 2022-23
Not reported
531+4% 12 mo to Sep 2024recorded Sep 2024
96 yr1930
1postings · last posted Jul 2026

Brand of skin & hair care products

Beauty & personal care products
₹1,028.79 crFY 2023-24
Not reported
531+4% 12 mo to Sep 2024recorded Sep 2024
96 yr1930
—No postings tracked

Online retailer of cosmetics, skin care, makeup, fragrance, and accessories

Beauty & personal care products
₹989.99 crFY 2024-25
Not reported
—Not available
40 yr1986
0none in 3 months

Brand offering a wide range of facewash, cleansers, moisturizers, and sunscreen for adults and babies

Beauty & personal care products
₹784.55 crFY 2023-24
Not reported
497+11% 12 mo to Aug 2024recorded Aug 2024
79 yr1947
—No postings tracked

Manufactures cosmetic products

Beauty & personal care products
₹710.87 crFY 2022-23
Not reported
873-3% 12 mo to Sep 2024LinkedIn · Jul 2026
24 yr2002
0none in 3 months · last posted Jun 2026

Platform for beauty and personal care products

Beauty & personal care products
₹638.50 crFY 2022-23
+176%2022–2023
446-63% 12 mo to Feb 2024LinkedIn · Jul 2026
11 yr2015
0none in 3 months · last posted Nov 2021

Internet-first brand offering multi-category color cosmetic products and accessories

Beauty tech
₹428.36 crFY 2022-23
Not reported
1,671+6% 12 mo to Sep 2024LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Provider of a range of natural and innovative skincare products

Beauty & personal care products
₹413.95 crFY 2023-24
Not reported
9LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Internet first brand of vegan skincare, haircare, body care, and fragrance products

Beauty tech
₹418.60 crFY 2024-25
+22%2024–2025
334-5% 12 mo to Sep 2024LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Online brand offering multi-category natural beauty care products

Beauty & personal care products
₹417.73 crFY 2024-25
+104%2024–2025
589+283% 12 mo to Jul 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Manufacturer and brand of home & personal care products

Beauty & personal care products
₹388.13 crFY 2022-23
Not reported
3LinkedIn · Jul 2026
22 yr2004
—No postings tracked

Platform offering hair loss treatment plans and products

Beauty & personal care products
₹342.95 crFY 2024-25
Not reported
866+56% 12 mo to Sep 2024LinkedIn · Jul 2026
7 yr2019
4postings · last posted Sep 2026

Online discovery platform offering beauty & personal care products

Beauty & personal care products
₹322.35 crFY 2022-23
Not reported
334-5% 12 mo to Sep 2024LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Internet first brand offering face mask products

Beauty & personal care products
₹318.13 crFY 2023-24
-6%2023–2024
—Not available
10 yr2016
0none in 3 months

Brand of beauty & personal care products

Beauty & personal care products
₹270.96 crFY 2024-25
-53%2024–2025
95-17% 12 mo to Jul 2024recorded Jul 2024
11 yr2015
0none in 3 months

Online retailer of caffeinated skin and hair care products

Beauty & personal care products
₹239.22 crFY 2024-25
Not reported
306-49% 12 mo to Sep 2024LinkedIn · Jul 2026
11 yr2015
0none in 3 months · last posted Jun 2026

Online brand of skincare, face, lip, body care, and perfume products

Beauty & personal care products
₹206.22 crFY 2024-25
+144%2024–2025
322+5% 12 mo to Sep 2024LinkedIn · Jul 2026
5 yr2021
1postings · last posted Jul 2026

Provider of personal care, home care, and food products

Beauty & personal care products
₹194.16 crFY 2023-24
+4%2023–2024
51LinkedIn · Jul 2026
6 yr2020
0none in 3 months
50 of 446 companies shown here · the full list is on Radar
Fliar Radar

Explore all 446 beauty & personal care products companies in Maharashtra on Radar

This page shows the top 50. Radar has the complete, filterable list with contacts and live company signals.

Open beauty & personal care products in Maharashtra on Radar
  • Every company, not just 50All 446 beauty & personal care products 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 beauty & personal care products companies in Maharashtra by what you are looking for

Browse top beauty and personal care products companies in Maharashtra, including skin care, hair care and cosmetics brands. You can also find beauty and personal care startups in Maharashtra and companies that are hiring.

9 ways to explore beauty & personal care products in Maharashtra

Skin care & facial care brandsHair care & styling productsMakeup, cosmetics & fragrance brandsOnline & internet-first beauty brandsPersonal hygiene, oral care & home care productsBaby & kids care products

Skin care & facial care brands

Skin care, facial care and body care brands.

  1. Garnier

    Internet first brand offering multi natural skin & hair care products

    Beauty & personal care products
    See in list
  2. Neutrogena

    Dermatologist-recommended skin care brand offering a range of products for healthier and beautiful skin.

    Beauty & personal care products
    See in list
  3. Faces

    Online retailer of cosmetics, skin care, makeup, fragrance, and accessories

    Beauty & personal care products
    See in list
  4. Cetaphil

    Brand offering a wide range of facewash, cleansers, moisturizers, and sunscreen for adults and babies

    Beauty & personal care products
    See in list
  5. HipHop Skin Care

    Provider of a range of natural and innovative skincare products

    Beauty & personal care products
    See in list
189 companies in Maharashtra

Hair care & styling products

Shampoos, hair oils, hair colour and styling products.

  1. Marico

    Brand of health, beauty and wellness

    Beauty & personal care products
    See in list
  2. Garnier

    Internet first brand offering multi natural skin & hair care products

    Beauty & personal care products
    See in list
  3. Matrix Professional

    Provider of professional hair care, color, styling, and texture products

    Beauty & personal care products
    See in list
  4. Traya

    Platform offering hair loss treatment plans and products

    Beauty & personal care products
    See in list
  5. MCaffeine

    Online retailer of caffeinated skin and hair care products

    Beauty & personal care products
    See in list
196 companies in Maharashtra

Makeup, cosmetics & fragrance brands

Colour cosmetics, makeup, perfumes and fragrances.

  1. Faces

    Online retailer of cosmetics, skin care, makeup, fragrance, and accessories

    Beauty & personal care products
    See in list
  2. SUGAR Cosmetics

    Internet-first brand offering multi-category color cosmetic products and accessories

    Beauty tech
    See in list
  3. Foxtale

    Online brand of skincare, face, lip, body care, and perfume products

    Beauty & personal care products
    See in list
  4. Floressence Perfumes

    Manufacturer of perfumes, deodorants, roll-ons, air fresheners, and promo packs

    Beauty & personal care products
    See in list
  5. CitSpray

    Retailer of essential oils, carrier oils, fragrances, gels, and hydrosols

    Beauty & personal care products
    See in list

Online & internet-first beauty brands

Direct-to-consumer and online beauty and grooming brands.

  1. Garnier

    Internet first brand offering multi natural skin & hair care products

    Beauty & personal care products
    See in list
  2. Faces

    Online retailer of cosmetics, skin care, makeup, fragrance, and accessories

    Beauty & personal care products
    See in list
  3. MyGlamm

    Platform for beauty and personal care products

    Beauty & personal care products
    See in list
  4. SUGAR Cosmetics

    Internet-first brand offering multi-category color cosmetic products and accessories

    Beauty tech
    See in list
  5. HipHop Skin Care

    Provider of a range of natural and innovative skincare products

    Beauty & personal care products
    See in list

Personal hygiene, oral care & home care products

Personal hygiene, menstrual hygiene, oral care and home care brands.

  1. Stayfree

    Offering sanitary napkins for women

    Beauty & personal care products
    See in list
  2. Poloqueen

    Brand of home and personal care products

    Home care products
    See in list
  3. Walmark Meditech

    Manufacturer of essential products

    Baby & kids products
    Website
  4. Aakar Innovations

    Manufactures and markets women menstrual hygiene products

    Beauty & personal care products
    Website
  5. Bufin Soap Strips

    Internet first brand of sanitizers, quality soap strips, air fresheners and liquid soaps

    Beauty & personal care products
    Website

Baby & kids care products

Baby care, diapers and children's wellbeing products.

  1. SuperBottoms

    Online platform offering reusable cloth diapers and baby essentials

    Online mom & baby care
    See in list
  2. Windmills Naturelab

    Retailer of USDA-certified natural baby care and cleaning products

    Beauty & personal care products
    Website
  3. CITTA

    Internet first brand offering natural baby skin care products

    Online mom & baby care
    Website
  4. organicved

    Organic & Natural Cosmetics for Babies & Adults

    Beauty & personal care products
    Website
  5. Walmark Meditech

    Manufacturer of essential products

    Baby & kids products
    Website
7 companies in Maharashtra

Beauty & personal care startups in Maharashtra

Newer beauty and personal care companies founded in recent years.

  1. Foxtale

    Online brand of skincare, face, lip, body care, and perfume products

    Beauty & personal care products
    See in list
  2. Character Cosmetics

    Internet first brand offering color cosmetics

    Beauty tech
    See in list
  3. Peach and Musk

    Online retailer of skincare, haircare, and bodycare products

    Beauty tech
    Website
  4. Clayco

    Platform offering skincare products

    Beauty tech
    Website
  5. Auric

    Provider of makeup and skincare products

    Beauty tech
    Website
58 companies in Maharashtra

Beauty & personal care companies hiring in Maharashtra

Beauty and personal care companies currently hiring.

  1. Godrej Consumer Products

    Manufacturer of household and personal care products

    Beauty & personal care products
    See in list
  2. Marico

    Brand of health, beauty and wellness

    Beauty & personal care products
    See in list
  3. Bajaj Consumer Care

    Provider of brand specializing in high-quality hair care and skin care products

    Beauty & personal care products
    See in list
  4. HRIPL

    Manufactures cosmetic products

    Beauty & personal care products
    See in list
  5. Traya

    Platform offering hair loss treatment plans and products

    Beauty & personal care products
    See in list
18 companies in Maharashtra

Listed beauty & personal care companies in Maharashtra

Publicly listed beauty and personal care companies.

  1. HUL

    Producer of FMCG, packaged food, and consumer goods

    Beauty & personal care products
    See in list
  2. Godrej Consumer Products

    Manufacturer of household and personal care products

    Beauty & personal care products
    See in list
  3. Marico

    Brand of health, beauty and wellness

    Beauty & personal care products
    See in list
  4. Bajaj

    Brand of skin & hair care products

    Beauty & personal care products
    See in list
  5. Gillette

    Gillette India is a reflection of how shaving & grooming plays an important role in a man's day.

    Beauty & personal care products
    Website
8 companies in Maharashtra
Mobile reach

Top 10 beauty & personal care products apps from Maharashtra

The most-installed Android apps published by beauty & personal care products companies headquartered in Maharashtra — 39.2M installs between them. 19 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

Traya: Hair Loss Solutions

by Traya

Installs13.7M
Rating4.67148K ratings
Last updatedMay 2026
View on Google Play ↗
Traya: Hair Loss Solutions screenshot 1Traya: Hair Loss Solutions screenshot 2Traya: Hair Loss Solutions screenshot 3Traya: Hair Loss Solutions screenshot 4Traya: Hair Loss Solutions screenshot 5Traya: Hair Loss Solutions screenshot 6
2

My Forever India

by Forever Living

Installs9.3M
Rating4.5151K ratings
Last updatedApr 2026
View on Google Play ↗
My Forever India screenshot 1My Forever India screenshot 2My Forever India screenshot 3My Forever India screenshot 4My Forever India screenshot 5My Forever India screenshot 6
3

Man Matters: Hair, Beard, Skin

by Man Matters

Installs5.9M
Rating4.5974K ratings
Installs, year on year+31%
Last updatedMay 2026
View on Google Play ↗
Man Matters: Hair, Beard, Skin screenshot 1Man Matters: Hair, Beard, Skin screenshot 2Man Matters: Hair, Beard, Skin screenshot 3Man Matters: Hair, Beard, Skin screenshot 4Man Matters: Hair, Beard, Skin screenshot 5Man Matters: Hair, Beard, Skin screenshot 6
4

mCaffeine: Natural Skin Care

by MCaffeine

Installs2.6M
Rating4.853K ratings
Installs, year on year+72%
Last updatedMay 2026
View on Google Play ↗
mCaffeine: Natural Skin Care screenshot 1mCaffeine: Natural Skin Care screenshot 2mCaffeine: Natural Skin Care screenshot 3mCaffeine: Natural Skin Care screenshot 4mCaffeine: Natural Skin Care screenshot 5mCaffeine: Natural Skin Care screenshot 6
5

Pilgrim India

by Pilgrim

Installs2.4M
Rating—
Last updatedApr 2026
View on Google Play ↗
Pilgrim India screenshot 1Pilgrim India screenshot 2Pilgrim India screenshot 3Pilgrim India screenshot 4Pilgrim India screenshot 5Pilgrim India screenshot 6
6

Be Bodywise Women's Health App

by Be Bodywise

Installs2.1M
Rating4.9315K ratings
Installs, year on year+47%
Last updatedMay 2026
View on Google Play ↗
Be Bodywise Women's Health App screenshot 1Be Bodywise Women's Health App screenshot 2
7

Plum Goodness

by Plum

Installs1.7M
Rating—
Last updatedMay 2026
View on Google Play ↗
Plum Goodness screenshot 1Plum Goodness screenshot 2Plum Goodness screenshot 3Plum Goodness screenshot 4
8

Foxtale

by Foxtale

Installs905K
Rating—
Installs, year on year+500%
Last updatedMay 2026
View on Google Play ↗
Foxtale screenshot 1Foxtale screenshot 2Foxtale screenshot 3Foxtale screenshot 4Foxtale screenshot 5
9

Forever52 - Cosmetic Products

by Daily Life Forever52

Installs269K
Rating3.863K ratings
Installs, year on year+18%
Last updatedMay 2026
View on Google Play ↗
Forever52 - Cosmetic Products screenshot 1Forever52 - Cosmetic Products screenshot 2Forever52 - Cosmetic Products screenshot 3Forever52 - Cosmetic Products screenshot 4Forever52 - Cosmetic Products screenshot 5Forever52 - Cosmetic Products screenshot 6
10

SuperBottoms: Mom & Baby Store

by SuperBottoms

Installs183K
Rating—
Last updatedJun 2026
View on Google Play ↗
SuperBottoms: Mom & Baby Store screenshot 1SuperBottoms: Mom & Baby Store screenshot 2SuperBottoms: Mom & Baby Store screenshot 3SuperBottoms: Mom & Baby Store screenshot 4SuperBottoms: Mom & Baby Store screenshot 5SuperBottoms: Mom & Baby Store screenshot 6
The business behind the activity

Beauty & Personal Care Products financials in Maharashtra

Revenue, profit and growth from the filed annual accounts of 167 beauty & personal care products companies in Maharashtra for FY24-25 — 216 of the 446 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 81% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹35,874.23 cr

167 companies filing accounts

combined net profit₹4,249.46 cr

11.8% aggregate margin

are profitable49%

81 of 167 companies

median revenue~₹7.0 cr

the typical company

median revenue growth+32%

into FY24-25

earned by the top five81%

revenue concentration

Six-year view

Combined revenue of filing companies

₹17,997.96 crFY19-20111 filers
₹19,017.57 crFY20-21134 filers
₹22,795.38 crFY21-22146 filers
₹25,793.28 crFY22-23166 filers
₹32,580.00 crFY23-24178 filers
₹35,874.23 crFY24-25167 filers

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

Like-for-like

The same 139 companies over three years

+18%
FY22-23₹25,408.90 cr₹3,061.24 cr net
FY23-24₹27,454.05 cr₹2,191.34 cr net
FY24-25₹29,858.49 cr₹3,625.38 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 cr4617% profitable
₹1–10 cr4448% profitable
₹10–100 cr5662% profitable
₹100–1,000 cr1776% profitable
Over ₹1,000 cr4100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking38
0–20%29
20–50%25
50–100%26
Doubled+38

156 companies with accounts for both years; median growth +32%.

Profitability

Profit is concentrated at the top

81profitable
86loss-making
11.8%aggregate margin
-0.7%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
Aakar InnovationsAAKAR INNOVATIONS PRIVATE LIMITED+964%
ClaycoCLAYCO COSMETICS PRIVATE LIMITED+533%₹33.00 cr
FAE BeautyFAE BEAUTY PRIVATE LIMITED+189%₹20.74 cr
Leezu’sLITTLE BEAR WELLNESS VENTURES PRIVATE LIMITED₹12.36 cr
EviaAURA COSMETICS PRIVATE LIMITED+151%
FoxtaleFOXTALE CONSUMER PRIVATE LIMITED+144%₹206.22 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
PAC CosmeticsPAC COSMETICS PRIVATE LIMITED
Nish HairNISH HAIR PRIVATE LIMITED₹34.66 cr
Fluence PharmaFLUENCE PHARMA PRIVATE LIMITED
Biosols IndiaBIO-SOLS INDIA PRIVATE LIMITED21.4%
RavelRAVELCARE LIMITED20.1%₹25.30 cr
La' FrenchLA FRENCH STUDIO PRIVATE LIMITED₹10.33 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Beauty & personal care products116₹34,330.41 cr~₹7.0 cr53%12.4%
Beauty tech44₹1,348.10 cr~₹9.0 cr39%0.6%
Leaders

Largest beauty & personal care products companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Godrej Consumer ProductsGODREJ CONSUMER PRODUCTS LIMITED₹9,170.50 cr₹1,350.52 cr14.7%+3%
MaricoMARICO LIMITED₹8,172.00 cr₹1,541.00 cr18.9%+15%
Matrix Professional, GarnierL'OREAL INDIA PRIVATE LIMITED₹5,979.16 cr₹597.55 cr10.0%+5%
Neutrogena, StayfreeJNTL CONSUMER HEALTH (INDIA) PRIVATE LIMITED₹4,781.29 cr₹685.09 cr14.3%+5%
FacesMANASH E-COMMERCE PRIVATE LIMITED₹989.99 cr−₹22.26 cr-2.2%—
Bajaj Consumer Care, BajajBAJAJ CONSUMER CARE LIMITED₹978.29 cr₹130.14 cr13.3%-3%
HRIPLHYGIENIC RESEARCH INSTITUTE PRIVATE LIMITED₹802.42 cr12.0%+7%
PlumPUREPLAY SKIN SCIENCES (INDIA) PRIVATE LIMITED₹418.60 cr₹24.72 cr5.9%+22%
PilgrimHEAVENLY SECRETS PRIVATE LIMITED₹417.73 cr−₹68.75 cr-16.5%+104%
TrayaTATVARTHA HEALTH PRIVATE LIMITED₹342.95 cr−₹22.95 cr-6.7%+44%
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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

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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

Beauty & Personal Care Products funding and M&A across India

628 recorded equity rounds have gone to 2,098 beauty & personal care products 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 months34

US$73.78m

equity rounds, last 24 months102

US$218.70m

raised over five yearsUS$1.40bn

437 rounds in India

M&A deals, Maharashtra49

last 24 months

Capital by year

Equity funding into beauty & personal care products in India

amount rounds
$37m201831
$86m201945
$74m202039
$460m202175
$309m2022106
$271m202390
$189m202478
$135m202565
$36m202623

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$459.72m across 75 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$21.81m80 rounds · median US$116k
SeedUS$173.16m212 rounds · median US$500k
Series AUS$303.25m76 rounds · median US$3.42m
Series BUS$205.33m29 rounds · median US$6.00m
Series CUS$453.82m28 rounds · median US$6.69m
Series D+US$240.83m11 rounds · median US$6.21m
Where the money went · five years

Most-funded sub-sectors

Beauty techUS$703.50m186 rounds · 66 companies
Beauty & personal care productsUS$661.05m235 rounds · 99 companies
Online mom & baby careUS$18.33m9 rounds · 2 companies
Hotel suppliesUS$15.00m1 rounds · 1 companies
Sports techUS$1.75m2 rounds · 1 companies
Mom & baby careUS$668k4 rounds · 3 companies
Corporate activity · last 24 months

M&A in Maharashtra

48Acquisition
1Merger

Most active acquirers

  1. Marico19
  2. Hindustan unilever10
  3. Godrej consumer products4
  4. Bajaj4
  5. Bajaj consumer care3

Most acquired or merged

  1. Muuchstac4
  2. Minimalist3
  3. Oziva2
  4. Skinetiq2
  5. Pahadi local2

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

Beauty & Personal Care Products funding in Maharashtra

41 beauty & personal care products companies in Maharashtra have recorded equity funding, US$352.49m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Maharashtra

Meet the people behind beauty & personal care products companies in Maharashtra. 255 of 446 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Maharashtra beauty & personal care products companies by sub-sector

The most common specialisations among beauty & personal care products companies in Maharashtra. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring beauty & personal care products in India and nearby markets.

Coming soon