Company lists
The Indore edition · 2026

Business servicescompanies in Indore

IT services, marketing, HR, AI & emerging tech, BPO & consulting and more: the companies building business services in Indore, Madhya Pradesh, with their founders, funding, team size and business models.

793 company profiles96 with reported revenue2 with recorded fundingSeptember 2026 edition
Indore · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent business services business events in Indore

Funding, M&A, contract wins and launches involving 829 business services companies in Indore, last 24 months: 5 M&A deals · 2 funding rounds · 1 Contract · 1 Launch. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Feb 2026.

Funding

Nestec

© Shutterstock California-based Angeleno Group, an investment firm focused on clean energy and climate solutions companies, recently invested an undisclosed amount in Pen Argyl-based…

Investors Angeleno group
Industrial air pollution control
M&AAcquisition · Completed

Brown & brown acquires Accession

Brown & Brown acquired Accession in a $9.83 billion deal.

M&AAcquisition · Announced

Arbutus acquires Aub group

AUB Group has received a bid from Arbutus (an entity affiliated with EQT AB) (EQT) to acquire 100% of the company, the broker said in a stock exchange announcement.

M&AAcquisition

Brown & brown acquires Accession

However, rising interest rates have slowed some acquirers, leading to increased discipline in acquisition strategies. Despite the reduction in buyers following the sale of NFP to AON…

M&AAcquisition · Announced

GenXAI acquires SoftGrid Computers

GenXAI, a leading AI-powered Enterprise Performance Management (EPM) solution provider, has recently announced the acquisition of SoftGrid Computers Pvt. Ltd., a leader in application…

Application development and web design
M&AMerger · Announced

Aker arctic acquires Bluetech

Aker Arctic, an industry leader for the design of icebreakers and ice-class vessels, has announced it is merging with its long-time ship design partner Bluetech, also from Finland.

Ship design
ContractInfrastructure

Infobeans technologies limited · client: M.P. State Electronics Development Corporation Ltd

Infobeans Technologies Limited, engaged in AI-led design and software solutions for enterprise clients, has secured a domestic contract from M.P. State Electronics Development…

Infrastructure
FundingRights Issue

Sylph technologies

The move is expected to help Sylph Technologies raise funds directly from its existing shareholders and strengthen its equity base.

Investors Shareholders
LaunchDynamics 365 Business Central

Beyond Key

Beyond Key’s advanced Dynamics 365 Business Central services.

ERP

Business services companies in Indore, by revenue

Browse business services companies in Indore 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 96 business services companies in Indore, Madhya Pradesh 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

Software Services Company

It services
₹409.46 crFY 2024-25
+7%2024–2025
1,380+1% 12 mo to Sep 2024recorded Sep 2024
26 yr2000
71postings · last posted Sep 2026

Food and beverage manufacturing company

Management consulting services
₹192.15 crFY 2024-25
+51%2024–2025
—Not available
19 yr2007
0none in 3 months

Provider of security and facility management services

Facility management services
₹130.86 crFY 2024-25
+8%2024–2025
104LinkedIn · Jul 2026
35 yr1991
0none in 3 months

Provider of HR consulting services

Hr services
₹105.50 crFY 2024-25
+314%2024–2025
291LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Provider of commercial offset printing and pre-press services

Print services
₹78.92 crFY 2021-22
Not reported
39-18% 12 mo to Sep 2024LinkedIn · Jul 2026
25 yr2001
0none in 3 months

Provider of mobile & web managed IT Services

It services
₹86.53 crFY 2024-25
+11%2024–2025
372+18% 12 mo to Sep 2024LinkedIn · Jul 2026
21 yr2005
2postings · last posted Aug 2026

Cyber security solutions company

It services
₹62.97 crFY 2024-25
+29%2024–2025
98+18% 12 mo to Sep 2024LinkedIn · Jul 2026
13 yr2013
0none in 3 months · last posted Apr 2026

Provides aerial photography & surveying services using drones

Drones
₹56.69 crFY 2024-25
+69%2024–2025
12LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Provider of healthcare, AI/ML operations, and end to end HR services

Bpo services
₹50.72 crFY 2024-25
-3%2024–2025
970-8% 12 mo to Sep 2024LinkedIn · Jul 2026
10 yr2016
14postings · last posted Sep 2026

Blockchain-based solutions and service provider

Blockchain services
₹47.68 crFY 2024-25
-7%2024–2025
175-50% vs previous recordrecorded
9 yr2017
15postings · last posted Sep 2026

Provider of IT services and consulting with a personalized workflow system for creative masters

It services
₹45.26 crFY 2024-25
+6%2024–2025
65+1% 12 mo to Sep 2024LinkedIn · Jul 2026
20 yr2006
0none in 3 months

Provider of pharmaceutical and food analysis laboratory services

Manufacturing services
₹41.85 crFY 2024-25
+14%2024–2025
175recorded
44 yr1982
0none in 3 months

Web development and IT outsourcing services

It services
₹40.00 crFY 2024-25
-5%2024–2025
155+19% 12 mo to Jul 2024recorded Jul 2024
23 yr2003
5postings · last posted Aug 2026

Technology solutions provider that offers video surveillance, storage, and networking equipment solutions to clients

Physical security services
₹35.64 crFY 2024-25
+58%2024–2025
—Not available
11 yr2015
0none in 3 months

Provider of system integration services

Bpo services
₹33.38 crFY 2024-25
-33%2024–2025
348-35% 12 mo to Sep 2024recorded Sep 2024
16 yr2010
0none in 3 months

Big data engineering and visualization services

It services
₹26.48 crFY 2024-25
+2%2024–2025
227-6% 12 mo to Aug 2024LinkedIn · Jul 2026
12 yr2014
1postings · last posted Aug 2026

Provider of sustainability and climate change advisory and project development

Environment consultancy services
₹24.04 crFY 2024-25
-9%2024–2025
59LinkedIn · Jul 2026
11 yr2015
1postings · last posted Jul 2026

Provider of web & UI design, branding, and mobile application development services

It services
₹20.59 crFY 2021-22
Not reported
238-11% 12 mo to Oct 2024LinkedIn · Jul 2026
19 yr2007
0none in 3 months

Manufacturer of test and measurement instruments, data loggers, and training solutions

Electronic test equipment
₹22.32 crFY 2024-25
-38%2024–2025
209+195% vs previous recordLinkedIn · Jul 2026
43 yr1983
0none in 3 months · last posted Feb 2026

Provider of security and facility management services

Facility management services
₹18.73 crFY 2024-25
+0%2024–2025
—Not available
3 yr2023
0none in 3 months

Provider of electrical services

Facility management services
₹17.15 crFY 2024-25
+14%2024–2025
343LinkedIn · Jul 2026
23 yr2003
0none in 3 months · last posted Jun 2026

Provider of IT solutions and custom software development

Digital transformation services
₹17.14 crFY 2024-25
+3%2024–2025
271+68% 12 mo to Sep 2024LinkedIn · Jul 2026
12 yr2014
2postings · last posted Sep 2026

Provider of custom software product engineering and IT solutions

It services
₹15.21 crFY 2024-25
+0%2024–2025
159-5% 12 mo to Sep 2024LinkedIn · Jul 2026
16 yr2010
7postings · last posted Aug 2026

Mobile and web application development

It services
₹14.71 crFY 2024-25
+57%2024–2025
175+5900% 12 mo to Sep 2024LinkedIn · Jul 2026
17 yr2009
0none in 3 months · last posted Jan 2025

Emorphis provides IT services, business consulting and outsourcing services

It services
₹13.34 crFY 2024-25
+6%2024–2025
145+35% 12 mo to Mar 2024LinkedIn · Jul 2026
16 yr2010
0none in 3 months · last posted Jun 2026
50 of 793 companies shown here · the full list is on Radar
Fliar Radar

Explore all 793 business services companies in Indore on Radar

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

Open business services in Indore on Radar
  • Every company, not just 50All 793 business services companies in Indore, 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.
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Explore business services companies in Indore by what you are looking for

Find business services companies in Indore, from IT services and marketing agencies to HR and BPO providers. Browse business services startups in Indore and companies that are hiring.

9 ways to explore business services in Indore

IT services & software development companiesMarketing, advertising & branding agenciesHR, recruitment & staffing servicesAI, IoT & blockchain development companiesBPO, consulting & advisory firmsFacility management, event & security services

IT services & software development companies

Software development, IT outsourcing and managed IT service providers.

  1. InfoBeans

    Software Services Company

    It services
    See in list
  2. Beyond Key Systems

    Provider of mobile & web managed IT Services

    It services
    See in list
  3. deqode

    Blockchain-based solutions and service provider

    Blockchain services
    See in list
  4. Crystal Technologies system

    Provider of IT services and consulting with a personalized workflow system for creative masters

    It services
    See in list
  5. Cyber Infrastructure

    Web development and IT outsourcing services

    It services
    See in list

Marketing, advertising & branding agencies

Digital marketing, branding, advertising and market research agencies.

  1. Vijay Printing Press

    Provider of fine designing, advertising, and printing solutions

    Print services
    Website
  2. Advantal Technologies

    Provider of custom software product engineering and IT solutions

    It services
    See in list
  3. RTBAnalytica

    Provider of data analytics and advertising services

    Marketing services
    Website
  4. eLEOPARD

    Provider of branding and application development services

    Marketing services
    Website
  5. Market Insight

    Provider of market research services

    Marketing services
    Website

HR, recruitment & staffing services

Recruitment, payroll and HR consulting providers.

  1. Mosaic

    Provider of HR consulting services

    Hr services
    See in list
  2. VEDOKT

    Provider of assessment and recruitment services

    Hr services
    See in list
  3. Advance Future Zone Placement Services

    Provider of HR end-to-end services

    Hr services
    Website
  4. Referpark

    Provider of a range of HR services

    Hr services
    Website
  5. Epitome TRC

    Provider of HR, mergers & acquisitions, legal, financial, technology, and strategy consulting services

    Management consulting services
    Website

AI, IoT & blockchain development companies

Companies building AI, IoT, blockchain and AR/VR solutions for businesses.

  1. deqode

    Blockchain-based solutions and service provider

    Blockchain services
    See in list
  2. Scientech

    Manufacturer of test and measurement instruments, data loggers, and training solutions

    Electronic test equipment
    See in list
  3. Advantal Technologies

    Provider of custom software product engineering and IT solutions

    It services
    See in list
  4. JC Ventures

    Provider of diversified AI services

    Ai services
    See in list
  5. Ideavate

    Provider of mobile application development, IoT, and IT consulting services

    It services
    See in list

BPO, consulting & advisory firms

BPO providers, management consultants and legal and compliance advisers.

  1. Annova Solutions

    Provider of healthcare, AI/ML operations, and end to end HR services

    Bpo services
    See in list
  2. Infinite Solutions

    Provider of sustainability and climate change advisory and project development

    Environment consultancy services
    See in list
  3. Ecofav Services Private Limited

    Organization that provides advisory, technical, and assurance services to clients

    Management consulting services
    Website
  4. Epitome TRC

    Provider of HR, mergers & acquisitions, legal, financial, technology, and strategy consulting services

    Management consulting services
    Website
  5. CSJ Business Solution

    Provider of accounting, taxation, and business advisory services

    Management consulting services
    Website

Facility management, event & security services

Event organisers, facility management and physical security providers.

  1. Balaji Grup

    Provider of security and facility management services

    Facility management services
    See in list
  2. Shivoham Bundelkhand Security and Labour Services

    Provider of security and facility management services

    Facility management services
    See in list
  3. Kratika Workforce Security Services

    Provider of security services

    Facility management services
    See in list
  4. Urja Facilities

    Urja Facility Management Services offers housekeeping, security, gardening, and pest control services.

    Facility management services
    See in list
  5. Durgesh Sound

    Provider of event sound, lighting, and management services

    Event management services
    See in list

Business services startups in Indore

Newer business services companies founded in recent years.

  1. RTBAnalytica

    Provider of data analytics and advertising services

    Marketing services
    Website
  2. Aurx

    Provider of application development, DevOps, and other services

    It services
    Website
  3. TraceNcode

    Provider of diversified application development services

    It services
    Website
  4. Marushika

    Provider of security services

    Facility management services
    Website
  5. Advance Future Zone Placement Services

    Provider of HR end-to-end services

    Hr services
    Website
62 companies in Indore

Business services companies hiring in Indore

Business services companies currently recruiting.

  1. InfoBeans

    Software Services Company

    It services
    See in list
  2. Beyond Key Systems

    Provider of mobile & web managed IT Services

    It services
    See in list
  3. Vibs Infosol

    Cyber security solutions company

    It services
    See in list
  4. Annova Solutions

    Provider of healthcare, AI/ML operations, and end to end HR services

    Bpo services
    See in list
  5. deqode

    Blockchain-based solutions and service provider

    Blockchain services
    See in list
39 companies in Indore

Listed business services companies in Indore

Publicly listed business services companies.

  1. InfoBeans

    Software Services Company

    It services
    See in list
  2. Choksi Laboratories

    Provider of pharmaceutical and food analysis laboratory services

    Manufacturing services
    See in list
  3. Uniinfo Telecom

    Provider of system integration services

    Bpo services
    See in list
  4. Sylph Technologies

    Software development services firm

    It services
    Website
  5. Hindustan Digital

    Provider of diversified business services including digital solutions and ethical growth

    Domain services
    Website
5 companies in Indore
Mobile reach

Top 10 business services apps from Indore

The most-installed Android apps published by business services companies headquartered in Indore — 413K installs between them. 39 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
5

NAV Tracker

by eLEOPARD

Installs10K
Rating—
Last updatedMay 2026
View on Google Play ↗
NAV Tracker screenshot 1NAV Tracker screenshot 2NAV Tracker screenshot 3NAV Tracker screenshot 4NAV Tracker screenshot 5NAV Tracker screenshot 6
The business behind the activity

Business services financials in Indore

Revenue, profit and growth from the filed annual accounts of 105 business services companies in Indore, Madhya Pradesh for FY24-25 — 115 of the 793 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 45% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹1,769.06 cr

105 companies filing accounts

combined net profit₹127.94 cr

7.2% aggregate margin

are profitable88%

92 of 105 companies

median revenue~₹4.4 cr

the typical company

median revenue growth+8%

into FY24-25

earned by the top five45%

revenue concentration

Six-year view

Combined revenue of filing companies

₹846.83 crFY19-2080 filers
₹755.06 crFY20-2191 filers
₹951.55 crFY21-2292 filers
₹1,345.31 crFY22-2398 filers
₹1,515.74 crFY23-24103 filers
₹1,769.06 crFY24-25105 filers

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

Like-for-like

The same 90 companies over three years

+32%
FY22-23₹1,307.04 cr₹100.91 cr net
FY23-24₹1,487.71 cr₹98.86 cr net
FY24-25₹1,721.96 cr₹133.38 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 cr2564% profitable
₹1–10 cr4896% profitable
₹10–100 cr2893% profitable
₹100–1,000 cr4100% profitable
Over ₹1,000 cr0—

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

Momentum

How fast revenue moved into FY24-25

Shrinking26
0–20%36
20–50%12
50–100%12
Doubled+11

97 companies with accounts for both years; median growth +8%.

Profitability

Profit is concentrated at the top

92profitable
13loss-making
7.2%aggregate margin
3.8%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
MosaicMOSAIC WORKSKILLS PRIVATE LIMITED+314%₹105.50 cr
Yolax InfranergyYOLAX INFRANERGY PRIVATE LIMITED+69%₹56.69 cr
Urja FacilitiesURJA FACILITY MANAGEMENT SERVICES PRIVATE LIMITED
ServiusSERVIUS INFOTECH PRIVATE LIMITED+58%₹35.64 cr
VinfotechVISCUS INFOTECH LIMITED+57%₹14.71 cr
Seshsayi FoodsSESHSAYI FOODS PRIVATE LIMITED+51%₹192.15 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
VinfotechVISCUS INFOTECH LIMITED30.6%₹14.71 cr
Beyond Key SystemsBEYOND KEY SYSTEMS PRIVATE LIMITED26.2%₹86.53 cr
Advantal TechnologiesADVANTAL TECHNOLOGIES LIMITED20.0%₹15.21 cr
InfoBeansINFOBEANS TECHNOLOGIES LIMITED16.4%₹285.93 cr
47BillionFOURTY SEVEN BILLION INFORMATION TECHNOLOGIES PRIVATE LIMITED16.3%₹26.48 cr
Empower SolutionsEMPOWER INTEGRATED SOLUTIONS PRIVATE LIMITED11.8%₹15.36 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
It services37₹711.56 cr~₹4.9 cr92%13.7%
Facility management services6₹193.11 cr~₹15.2 cr100%2.7%
Hr services5₹113.73 cr~₹2.3 cr100%7.2%
Bpo services7₹106.04 cr~₹9.3 cr57%0.6%
Marketing services12₹22.93 cr~₹2.3 cr83%3.5%
Leaders

Largest business services companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
InfoBeansINFOBEANS TECHNOLOGIES LIMITED₹285.93 cr₹46.97 cr16.4%+18%
Seshsayi FoodsSESHSAYI FOODS PRIVATE LIMITED₹192.15 cr₹4.52 cr2.4%+51%
Balaji GrupBALAJI SECURITY SERVICES PRIVATE LIMITED₹130.82 cr₹3.03 cr2.3%+8%
MosaicMOSAIC WORKSKILLS PRIVATE LIMITED₹105.50 cr7.1%+314%
Beyond Key SystemsBEYOND KEY SYSTEMS PRIVATE LIMITED₹86.53 cr₹22.63 cr26.2%+11%
Vibs InfosolVIBS INFOSOL PRIVATE LIMITED₹62.97 cr6.4%+29%
Yolax InfranergyYOLAX INFRANERGY PRIVATE LIMITED₹56.69 cr₹2.77 cr4.9%+69%
deqodeTECHRACERS PRIVATE LIMITED₹47.68 cr10.3%-7%
Annova SolutionsANNOVA SOLUTIONS PRIVATE LIMITED₹45.57 cr₹49.63 lakh1.1%-13%
Crystal Technologies systemCRYSTAL TECHNOLOGIES SYSTEM PRIVATE LIMITED₹45.26 cr₹1.23 cr2.7%+6%
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

Business services funding and M&A across India

1,237 recorded equity rounds have gone to 42,898 business services companies in India — how much, at which stage, into which sub-sectors, from whom, and how Indore compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months21

US$508.58m

equity rounds, last 24 months82

US$1.36bn

raised over five yearsUS$3.14bn

375 rounds in India

M&A deals, Indore5

last 24 months

Capital by year

Equity funding into business services in India

amount rounds
$280m201881
$282m201986
$216m202073
$507m202185
$712m202292
$218m202362
$491m202475
$795m202548
$416m202613

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2025, with US$794.66m across 48 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$41.38m84 rounds · median US$107k
SeedUS$157.84m190 rounds · median US$393k
Series AUS$401.97m49 rounds · median US$4.85m
Series BUS$387.06m21 rounds · median US$13.75m
Series CUS$283.32m9 rounds · median US$25.63m
Series D+US$1.36bn13 rounds · median US$78.82m
Private equityUS$510.97m9 rounds · median US$56.00m
Where the money went · five years

Most-funded sub-sectors

Management consulting servicesUS$624.83m41 rounds · 25 companies
It servicesUS$499.22m85 rounds · 60 companies
Facility management servicesUS$350.06m2 rounds · 2 companies
Biopharma outsourcingUS$250.00m1 rounds · 1 companies
Bpo servicesUS$225.14m6 rounds · 5 companies
Hr servicesUS$190.06m34 rounds · 21 companies
Supply chain servicesUS$181.13m11 rounds · 5 companies
Corporate activity · last 24 months

M&A in Indore

4Acquisition
1Merger

Most active acquirers

  1. Brown & brown2
  2. Arbutus1
  3. GenXAI1
  4. Aker arctic1

Most acquired or merged

  1. Accession2
  2. Aub group1
  3. SoftGrid Computers1
  4. Bluetech1

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

Founders and momentum in Indore

Meet the people behind business services companies in Indore. 93 of 793 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Indore business services companies by sub-sector

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

Keep exploring business services in India and nearby markets.

Coming soon