Company lists
The Maharashtra edition · 2026

Business servicescompanies in Maharashtra

IT, marketing, HR, consulting, facility and more: the companies building business services in Maharashtra, with their founders, funding, team size and business models.

9,061 company profiles2,094 with reported revenue122 with recorded fundingSeptember 2026 edition
Maharashtra · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent business services business events in Maharashtra

Funding, M&A, contract wins and launches involving 9,774 business services companies in Maharashtra, last 24 months: 220 Contracts · 128 M&A deals · 54 launches · 23 funding rounds. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

LaunchAgentic Development & Modernization Services

Tech mahindra

Tech Mahindra has announced the launch of Agentic Development & Modernization Services, a next-generation services portfolio designed to empower enterprises modernize how applications…

AI-driven application development and modernization services
LaunchAgentverse™

Hexaware technologies

Hexaware Technologies, a global provider of IT solutions and services, announced on June 2nd, 2026, new enhancements to its enterprise AI agent platform, Agentverse™.

Enterprise AI agent platform
ContractService

Tata consultancy services · client: Skf

Tata Consultancy Services has won a global contract from SKF to support an AI-led business transformation programme.

IT services
ContractTechnology

Persistent systems · client: Concise

Persistent Systems (BSE: 533179 and NSE: PERSISTENT), a global Digital Engineering and Enterprise Modernization leader, today announced the signing of an agreement to expand its Eastern…

Technology
M&AAcquisition · Completed

Hexaware technologies acquires Consulting Professionals Services Holdings Limited

and Hexaware Technologies bought the UK- and UAE-based consulting firm Consulting Professionals Services Holdings Limited in a deal valued at up to 11 million pounds.

Consulting
M&AAcquisition · Announced

Persistent systems acquires Concise Systems OU

Persistent Systems has signed a business purchase agreement to acquire part of the business of Concise Systems OU for a total consideration of 5.6 million euros.

Technology
M&AAcquisition · Announced

Kpit technologies acquires Cymotive

KPIT Technologies ... announced that it has entered into an agreement to acquire a majority stake (subject to achievement of specific milestones) in Cymotive, a leading automotive…

Automotive cybersecurity
M&AAcquisition · Announced

Latice acquires Ami

Latice announced that it had entered into a final agreement with THL Partners to acquire AMI, a company specializing in platform firmware and infrastructure management for cloud and AI.

Platform firmware and infrastructure management for cloud and AI
M&AAcquisition · Announced

Krystal Integrated Services acquires Citelum India

Krystal Integrated Services has announced the acquisition of 100% stake in Citelum India Private Limited, strengthening its presence in the urban infrastructure and smart city solutions…

Urban infrastructure, smart city solutions, street lighting and utility infrastructure services
M&AAcquisition · Announced

Kpit technologies acquires Maj Jorites Tech

KPIT Technologies announced on Wednesday that it is acquiring Maj Jorites Tech from Israeli firm Symotive to strengthen its capabilities in AI-based automotive cybersecurity.

AI-based automotive cybersecurity
M&AAcquisition · Announced

Tech mahindra acquires Avant techno solutions

Tech Mahindra has acquired an 85% stake in Avant Techno Solutions for $20.59 million, strengthening its capabilities in banking, financial services and insurance (BFSI).

IT/FinTech
M&AAcquisition · Announced

Tata communications limited acquires Clean Max Yuhdul Private Limited

Clean Max Enviro Energy Solutions Limited has approved the sale of 2,600 shares of its wholly owned subsidiary, Clean Max Yuhdul Private Limited, to Tata Communications Limited.

ContractInfrastructure

Dynacons Systems & Solutions · client: Reserve bank of india

Dynacons Systems & Solutions Ltd has secured a major contract from the Reserve Bank of India worth ₹750.82 crore for building private cloud infrastructure for its data centres.

Banking
ContractService

Dynacons Systems & Solutions · client: Punjab & sind bank

In February, Dynacons had secured a ₹108.88 crore contract from Punjab & Sind Bank for implementing and managing an on-premises private cloud infrastructure over five years.

Technology
M&AAcquisition · Announced

Empower india acquires MABIL

Empower India Ltd, a company listed on both the NSE and BSE, has announced the signing of a term sheet for the proposed acquisition of a majority stake in UAE-based MABIL.

FundingSeries A

Pratech brands

Pratech Brands Private Limited, the parent company of Hyugalife, has raised $10.6 million (~₹100 crore) from a Series A fundraise led by IvyCap Ventures Fund III, with participation from…

Investors IvyCap Ventures Fund III, First Bridge India Growth Fund
E-commerce, health and wellness
ContractOutsourcing

Krystal Integrated Services · client: Na

An associate entity of Krystal Integrated services has secured a ₹ 364 crore contract. The order is for facility management services. It involves large-scale deployment of services such…

Facility management services
LaunchNeuralis

Sterlite Technologies

Sterlite Technologies Ltd (STL), through its US subsidiary STL Optical Connectivity NA, LLC (STLOC), has announced the launch of ‘Neuralis’, its next-generation data center connectivity…

Data center connectivity portfolio
ContractTechnology

Naver · client: Tata consultancy services

Seoul, April 21, 2026 Internet giant Naver said it has signed a memorandum of understanding (MOU) with the information technology (IT) arm of Tata Group to explore business opportunities…

Technology
M&AAcquisition · Completed

Airtrunk acquires Lumina cloudinfra

AirTrunk, the Asia Pacific and Middle East’s leading hyperscale data centre platform, has announced the acquisition of Indian data centre developer Lumina CloudInfra.

Data centers
LaunchKairos

Firstsource Solutions

Firstsource Solutions Limited has announced the launch of Kairos, an operating system it says is designed to convert artificial intelligence from promise to production by embedding it…

Operating System
ContractTechnology

Tata technologies · client: global EV battery manufacturer

Engineering services major Tata Technologies has secured a major contract to design and develop batteries for a global EV battery manufacturer, the company reported today along with its…

Automotive
ContractService

Tata technologies · client: Vinfast

We've almost completed the development of the two electric vehicles that were outsourced to Tata Technologies on a turnkey basis, and our activities are now transitioning to launch support.

Automotive
ContractService

The good edge · client: Westlife

The Good Edge has secured the public relations and communications mandate for Westlife Foodworld Limited

Quick Service Restaurant
LaunchEVerito

Mahindra logistics

Mahindra Logistics (MLL), one of India’s largest 3PL solution providers, has introduced electric vehicles (EV) to its fleet of employee transportation vehicles in Kerala.

Employee Transportation Vehicle
M&AAcquisition · Completed

1point1 Solutions acquires Netcom BCC

Mumbai-based global BPM provider 1Point1 Solutions' March acquisition of Costa Rica-headquartered Netcom BCC reflects this trend

Banking-focused Business Process Management (BPM)
ContractSupply

Rectitude · client: Na

Rectitude secured more than S$10 million in rental and sales contract orders for its AIMS during the second half of fiscal year 2026.

Construction & Infrastructure, Green Energy
ContractTechnology

Tata consultancy services · client: Government of india

The central government has empanelled six partner firms, including Tata Consultancy Services (TCS), to develop and deploy artificial intelligence (AI) solutions across government…

AI services
LaunchClearView™

Hoonartek

Hoonartek today launched ClearView™, an agentic decisioning layer built to help Indian enterprises activate their existing data investments and replace the fragmented SaaS tools sitting…

Agentic decisioning layer
ContractInfrastructure

Control print · client: Assam Industrial Development Corporation Limited (AIDC)

Control Print Ltd has announced a significant strategic expansion in Northeast India. The company has entered into lease agreements with Assam Industrial Development Corporation Limited…

Manufacturing

Business services companies in Maharashtra, by revenue

Browse business services 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 2,094 business services 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

Provider of business solution, data analytics, and IT suite services

It services
₹245,315.00 crFY 2023-24
Not reported
715,834+12% 12 mo to Jul 2024LinkedIn · Jul 2026
58 yr1968
0none in 3 months

Provider of career development and HR consulting services

Hr services
€25.43bnDec 2023
-8%2022–2023
—Not available
20 yr2006
0none in 3 months

Provider of data analytics, cloud management, and business process outsourcing services

Bpo services
₹53,843.70 crFY 2024-25
+2%2024–2025
110,240recorded Aug 2024
40 yr1986
0none in 3 months

IT Services and Solutions provider

It services
₹38,997.80 crFY 2024-25
+8%2024–2025
20,959+2% 12 mo to Sep 2024LinkedIn · Jul 2026
29 yr1997
0none in 3 months

Provider of IT and consulting services

It services
₹36,218.90 crFY 2023-24
Not reported
57,422-1% 12 mo to Aug 2024recorded Aug 2024
30 yr1996
56postings · last posted Sep 2026

Distributor of ICT products

Wholesalers
₹32,896.18 crFY 2024-25
+2%2024–2025
1,531+19% 12 mo to Feb 2024recorded Feb 2024
40 yr1986
0none in 3 months

Network operations and consultancy services for telecom sector

It services
₹23,238.89 crFY 2024-25
+10%2024–2025
5,165-8% 12 mo to Mar 2024LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Distributor of IT and mobility solutions

It resellers
₹13,833.38 crFY 2024-25
+25%2024–2025
948+10% 12 mo to Jan 2024LinkedIn · Jul 2026
37 yr1989
0none in 3 months

Provider of IT consulting and BPO services

Digital transformation services
₹12,049.30 crFY 2023-24
+16%2023–2024
36,270+11% vs previous recordLinkedIn · Jul 2026
36 yr1990
12postings · last posted Sep 2026

Provider of IT suite, consulting, data analytics, and digital transformation services

Management consulting services
₹12,076.87 crFY 2024-25
+21%2024–2025
29,079LinkedIn · Jul 2026
36 yr1990
143postings · last posted Sep 2026

Provider of business process management, data analytics, and IT support services

Bpo services
₹7,979.45 crFY 2024-25
+25%2024–2025
24,115+21% 12 mo to Mar 2024LinkedIn · Jul 2026
25 yr2001
0none in 3 months

Provider of cloud, security, IT asset management, and other services

It services
₹6,791.08 crFY 2024-25
+19%2024–2025
364LinkedIn · Jul 2026
4 yr2022
12postings · last posted Sep 2026

Autonomous driving solutions for vehicles

Electric vehicles
₹6,009.67 crFY 2024-25
+22%2024–2025
16,870+13% 12 mo to Sep 2024LinkedIn · Jul 2026
36 yr1990
3postings · last posted Aug 2026

Provider of managed IT services

It services
₹5,971.94 crFY 2024-25
+1394%2024–2025
443+9% 12 mo to Mar 2023recorded Mar 2023
40 yr1986
0none in 3 months

Provider of optical fibre network

It services
₹5,535.00 crFY 2023-24
Not reported
6,467-84% vs previous recordLinkedIn · Jul 2026
38 yr1988
0none in 3 months · last posted May 2026

Provider of integrated supply chain and mobility solutions

Warehousing
₹5,144.14 crFY 2022-23
Not reported
8,289+2% 12 mo to Mar 2024LinkedIn · Jul 2026
17 yr2009
9postings · last posted Sep 2026

Provider of design, product development, and engineering services

Engineering consulting
₹5,292.58 crFY 2024-25
+1%2024–2025
10,188-7% 12 mo to Mar 2024recorded Mar 2024
37 yr1989
89postings · last posted Sep 2026

IT services, engineering services and BPO services

It services
₹4,951.00 crFY 2022-23
Not reported
15,312-4% 12 mo to Mar 2024LinkedIn · Jul 2026
35 yr1991
0none in 3 months

Distributor of hardware and software products

It resellers
₹4,223.95 crFY 2021-22
+13%2021–2022
2-99% 12 mo to Mar 2024recorded Mar 2024
39 yr1987
0none in 3 months

Provider of business consulting and staffing services

Management consulting services
₹4,478.27 crFY 2024-25
+21%2024–2025
27+38% 12 mo to Aug 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months · last posted Jun 2026

Provider of IT services for businesses

It services
₹3,477.51 crFY 2024-25
Not reported
2,050+21% 12 mo to Jul 2024recorded Jul 2024
44 yr1982
47postings · last posted Sep 2026

Provider of business processes, change management, analytics, and data-driven insights services

It services
₹3,452.39 crFY 2024-25
+15%2024–2025
20,313-3% 12 mo to Aug 2024LinkedIn · Jul 2026
26 yr2000
128postings · last posted Sep 2026

Provider of integrated facility management, emergency response, waste management, and renewable energy solutions

Facility management services
₹3,319.54 crFY 2024-25
+17%2024–2025
6,055-8% 12 mo to Jul 2024LinkedIn · Jul 2026
33 yr1993
9postings · last posted Sep 2026

Provider of commercial electrical services

Facility management services
₹2,600.38 crFY 2024-25
+7%2024–2025
—Not available
22 yr2004
0none in 3 months

Provider of product engineering and digital transformation consulting solutions

It services
₹2,535.39 crFY 2024-25
+16%2024–2025
7,093-4% 12 mo to Aug 2024recorded Aug 2024
31 yr1995
5postings · last posted Sep 2026
50 of 9,061 companies shown here · the full list is on Radar
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Explore business services companies in Maharashtra by what you are looking for

Find top business services companies in Maharashtra, from IT and BPO to HR, consulting and facility management. You can also browse business services startups in Maharashtra and companies hiring in Maharashtra.

9 ways to explore business services in Maharashtra

IT services & digital transformation companiesMarketing, advertising & event companiesHR, staffing & recruitment companiesManagement consulting, legal & compliance firmsFacility management & security servicesBPO & outsourcing companies

IT services & digital transformation companies

IT services, software development and digital transformation firms.

  1. Tech Mahindra

    Provider of data analytics, cloud management, and business process outsourcing services

    Bpo services
    See in list
  2. L&T Infotech

    IT Services and Solutions provider

    It services
    See in list
  3. Hexaware

    Provider of IT consulting and BPO services

    Digital transformation services
    See in list
  4. Persistent

    Provider of IT suite, consulting, data analytics, and digital transformation services

    Management consulting services
    See in list
  5. AGC Networks

    Provider of managed IT services

    It services
    See in list

Marketing, advertising & event companies

Advertising, PR, marketing and event management agencies.

  1. Prachar

    Provider of advertising services

    Marketing services
    See in list
  2. PHN Technology

    Provider of STEM education solutions for schools and colleges

    It services
    Website
  3. Concept PR

    Provider of PR and influencer marketing services

    Marketing services
    Website
  4. Laqshya

    Provider of outdoor, experiential, and digital advertising solutions

    Marketing services
    Website
  5. Blink Digital

    Provider of advertising services

    Marketing services
    Website

HR, staffing & recruitment companies

Recruitment, staffing and HR consulting firms.

  1. Randstad RiseSmart

    Provider of career development and HR consulting services

    Hr services
    See in list
  2. First Meridian

    Provider of business consulting and staffing services

    Management consulting services
    See in list
  3. S2IIL

    Provider of manpower planning, healthcare solutions, and IT/ITES services

    It services
    See in list
  4. T&M Services Consulting

    Provider of talent acquisition acceleration services for businesses

    Hr services
    See in list
  5. Futurz

    Provider of recruitment and learning management services

    Hr services
    Website

Facility management & security services

Housekeeping, facility management and security service providers.

  1. BVG India

    Provider of integrated facility management, emergency response, waste management, and renewable energy solutions

    Facility management services
    See in list
  2. RULKA ELECTRICALS

    Provider of commercial electrical services

    Facility management services
    See in list
  3. Krystal Group

    Provider of commercial cleaning, security, pest control, and other services

    Facility management services
    See in list
  4. Modern Veer Rays Security Force

    Provider of customized security and integrated facilities management services

    Facility management services
    See in list
  5. NISA Group

    Provider of security services

    Facility management services
    Website

BPO & outsourcing companies

Business process outsourcing and back-office service providers.

  1. Hexaware

    Provider of IT consulting and BPO services

    Digital transformation services
    See in list
  2. CalibeHR

    Business solution provider company

    Bpo services
    Website
  3. Prompt Personnel

    Provider of HR consulting services

    Hr services
    Website
  4. Allied Resource Management Services

    Provider of integrated facility management services

    Hr services
    Website
  5. Osource Global

    Provider of diversified BPO services

    Bpo services
    Website

Listed business services companies in Maharashtra

Publicly listed business services companies in Maharashtra.

  1. TCS

    Provider of business solution, data analytics, and IT suite services

    It services
    See in list
  2. Tech Mahindra

    Provider of data analytics, cloud management, and business process outsourcing services

    Bpo services
    See in list
  3. L&T Infotech

    IT Services and Solutions provider

    It services
    See in list
  4. LTIMindtree

    Provider of IT and consulting services

    It services
    See in list
  5. RP tech

    Distributor of IT and mobility solutions

    It resellers
    See in list
129 companies in Maharashtra

Business services startups in Maharashtra

Newer business services companies founded in the last few years.

  1. Hoerbiger

    Provider of IT solutions and services, including global IT infrastructure support, manual testing services, and design customized CAD automation solutions

    It services
    Website
  2. Hyperlink Brand Solutions

    Provider of brand solutions including experiential marketing, content, and event management

    Marketing services
    Website
  3. DSG RESORTS

    Provider of web hosting and affiliate marketing services

    It services
    Website
  4. Cascadestar3D

    Provider of 3D printing solutions for industrial, jewelry, and dental applications

    3d printing and 3d scanning services
    Website
  5. Tech Visit IT PRIVATE LIMITED

    Provider of backup, networking, and cyber security services

    It services
    Website
703 companies in Maharashtra

Business services companies hiring in Maharashtra

Business services companies with open roles right now.

  1. LTIMindtree

    Provider of IT and consulting services

    It services
    See in list
  2. Hexaware

    Provider of IT consulting and BPO services

    Digital transformation services
    See in list
  3. Persistent

    Provider of IT suite, consulting, data analytics, and digital transformation services

    Management consulting services
    See in list
  4. Noventiq

    Provider of cloud, security, IT asset management, and other services

    It services
    See in list
  5. KPIT

    Autonomous driving solutions for vehicles

    Electric vehicles
    See in list
63 companies in Maharashtra
Mobile reach

Top 10 business services apps from Maharashtra

The most-installed Android apps published by business services companies headquartered in Maharashtra — 115.3M installs between them. 327 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

AppLock - Fingerprint

by SP Soft Mobile

Installs90.3M
Rating4.34965K ratings
Installs, year on year+7%
Last updatedFeb 2025
View on Google Play ↗
AppLock - Fingerprint screenshot 1AppLock - Fingerprint screenshot 2AppLock - Fingerprint screenshot 3AppLock - Fingerprint screenshot 4AppLock - Fingerprint screenshot 5
2

CPU X - Device & System info

by Adalve

Installs12.2M
Rating4.69264K ratings
Installs, year on year+20%
Last updatedMay 2026
View on Google Play ↗
CPU X - Device & System info screenshot 1CPU X - Device & System info screenshot 2CPU X - Device & System info screenshot 3CPU X - Device & System info screenshot 4CPU X - Device & System info screenshot 5CPU X - Device & System info screenshot 6
3

Mobile Se Jamin Napna App

by Urva Apps

Installs5.1M
Rating4.144K ratings
Installs, year on year+14%
Last updatedNov 2025
View on Google Play ↗
Mobile Se Jamin Napna App screenshot 1Mobile Se Jamin Napna App screenshot 2Mobile Se Jamin Napna App screenshot 3Mobile Se Jamin Napna App screenshot 4Mobile Se Jamin Napna App screenshot 5Mobile Se Jamin Napna App screenshot 6
4

NoteBook: NoAds Notepad

by Bhumkar

Installs2.5M
Rating4.276K ratings
Last updatedMay 2026
View on Google Play ↗
NoteBook: NoAds Notepad screenshot 1NoteBook: NoAds Notepad screenshot 2NoteBook: NoAds Notepad screenshot 3NoteBook: NoAds Notepad screenshot 4NoteBook: NoAds Notepad screenshot 5NoteBook: NoAds Notepad screenshot 6
6

Webmail - All Email in One

by Colloidle

Installs884K
Rating3.084K ratings
Last updatedJun 2026
View on Google Play ↗
Webmail - All Email in One screenshot 1Webmail - All Email in One screenshot 2Webmail - All Email in One screenshot 3Webmail - All Email in One screenshot 4Webmail - All Email in One screenshot 5Webmail - All Email in One screenshot 6
7

Construction Calculator A1

by Binary and Bricks

Installs756K
Rating3.876K ratings
Installs, year on year+96%
Last updatedJan 2026
View on Google Play ↗
Construction Calculator A1 screenshot 1Construction Calculator A1 screenshot 2Construction Calculator A1 screenshot 3Construction Calculator A1 screenshot 4Construction Calculator A1 screenshot 5Construction Calculator A1 screenshot 6
8

StartUp Ideas : 1000+ ideas

by Softecks

Installs401K
Rating3.91K ratings
Installs, year on year+5%
Last updatedApr 2026
View on Google Play ↗
StartUp Ideas : 1000+ ideas screenshot 1StartUp Ideas : 1000+ ideas screenshot 2StartUp Ideas : 1000+ ideas screenshot 3StartUp Ideas : 1000+ ideas screenshot 4StartUp Ideas : 1000+ ideas screenshot 5StartUp Ideas : 1000+ ideas screenshot 6
The business behind the activity

Business services financials in Maharashtra

Revenue, profit and growth from the filed annual accounts of 1962 business services companies in Maharashtra for FY24-25 — 2,309 of the 9,061 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 72% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹483,224.89 cr

1962 companies filing accounts

combined net profit₹67,429.41 cr

14.0% aggregate margin

are profitable81%

1598 of 1962 companies

median revenue~₹8.9 cr

the typical company

median revenue growth+15%

into FY24-25

earned by the top five72%

revenue concentration

Six-year view

Combined revenue of filing companies

₹259,726.58 crFY19-201722 filers
₹260,535.38 crFY20-211838 filers
₹332,759.42 crFY21-221918 filers
₹393,644.48 crFY22-232005 filers
₹454,151.52 crFY23-242044 filers
₹483,224.89 crFY24-251962 filers

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

Like-for-like

The same 1784 companies over three years

+19%
FY22-23₹378,847.87 cr₹52,867.91 cr net
FY23-24₹408,772.13 cr₹57,533.49 cr net
FY24-25₹452,538.87 cr₹67,140.76 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 cr41756% profitable
₹1–10 cr60181% profitable
₹10–100 cr70292% profitable
₹100–1,000 cr21697% profitable
Over ₹1,000 cr2696% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking552
0–20%522
20–50%400
50–100%205
Doubled+212

1891 companies with accounts for both years; median growth +15%.

Profitability

Profit is concentrated at the top

1598profitable
361loss-making
14.0%aggregate margin
3.5%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
Thinktank EngineeringTHINKTANK ENGINEERING PRIVATE LIMITED+996%₹22.03 cr
Altair InfrasecALTAIR INFRASEC PRIVATE LIMITED+770%
NibeNIBE DEFENCE AND AEROSPACE LIMITED+651%₹26.79 cr
PHN TechnologyPHN TECHNOLOGY PRIVATE LIMITED+548%₹612.80 cr
Cogent SecurityCOGENT SAFETY AND SECURITY PRIVATE LIMITED₹36.48 cr
ProPlusPROPLUS DATA PRIVATE LIMITED₹14.06 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
NuSummitDEXIT GLOBAL LIMITED236.1%
LissenGREAT PLACE RESEARCH AND CONSULTANCY PRIVATE LIMITED82.2%
Ajanma HoldingsAJANMA HOLDINGS PRIVATE LIMITED₹473.63 cr
LogicLoomLOGICLOOM IT SOLUTIONS PRIVATE LIMITED₹10.74 cr
BresconBRESCON VENTURES PRIVATE LIMITED₹72.82 cr
Protos EngineeringPROTOS ENGINEERING COMPANY PRIVATE LIMITED70.2%
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
It services511₹309,227.04 cr~₹12.9 cr86%18.2%
Bpo services63₹50,743.25 cr~₹13.5 cr73%8.0%
It resellers25₹15,822.64 cr~₹45.0 cr88%1.8%
Management consulting services143₹15,580.35 cr~₹4.4 cr78%10.3%
Facility management services108₹10,995.61 cr~₹24.0 cr93%2.5%
Marketing services272₹10,252.27 cr~₹10.4 cr81%5.4%
Hr services222₹8,260.23 cr~₹6.7 cr76%2.0%
Engineering consulting53₹8,180.73 cr~₹7.7 cr85%14.1%
Leaders

Largest business services companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
TCSTATA CONSULTANCY SERVICES LIMITED₹224,495.00 cr₹48,057.00 cr21.4%+7%
Tech MahindraTECH MAHINDRA LIMITED₹45,950.20 cr₹3,506.10 cr7.6%+5%
L&T InfotechLTIMINDTREE LIMITED₹37,656.30 cr₹4,446.50 cr11.8%+8%
SavexSAVEX TECHNOLOGIES PRIVATE LIMITED₹26,671.64 cr₹82.82 cr0.3%-1%
RP techRashi Peripherals Limited₹13,317.29 cr₹202.63 cr1.5%+24%
PersistentPERSISTENT SYSTEMS LIMITED₹11,908.85 cr₹1,155.14 cr9.7%+78%
NoventiqNOVENTIQ SERVICES INDIA PRIVATE LIMITED₹4,550.89 cr₹12.65 cr0.3%+21%
Tata TechnologiesTATA TECHNOLOGIES LIMITED₹3,509.99 cr₹849.12 cr24.2%+12%
KPITKPIT TECHNOLOGIES LIMITED₹2,645.93 cr₹481.84 cr18.2%+27%
ZensarZENSAR TECHNOLOGIES LIMITED₹2,529.20 cr₹594.80 cr23.5%+15%
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

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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

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 Maharashtra 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, Maharashtra128

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 Maharashtra

117Acquisition
9Merger
1Terminated

Most active acquirers

  1. Kpit technologies16
  2. Hexaware technologies11
  3. Tata consultancy services8
  4. Persistent systems6
  5. 1point1 Solutions6

Most acquired or merged

  1. White rivers media3
  2. Arrka3
  3. Consulting Professionals Services Holdings Limited2
  4. Avant techno solutions2
  5. Adlift2

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

Business services funding in Maharashtra

122 business services companies in Maharashtra have recorded equity funding, US$1.47bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Maharashtra

Meet the people behind business services companies in Maharashtra. 1,947 of 9,061 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Maharashtra business services companies by sub-sector

The most common specialisations among business services companies in Maharashtra. 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