Company lists
The Maharashtra edition · 2026

Chemicals and materials techcompanies in Maharashtra

Advanced materials, chemicals, nanotechnology, agri inputs, textiles & fibres and more: the companies building chemicals and materials tech in Maharashtra, with their founders, funding, team size and business models.

107 company profiles49 with reported revenue15 with recorded fundingOctober 2026 edition
Maharashtra · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent chemicals and materials tech business events in India

Funding, M&A, contract wins and launches involving 529 chemicals and materials tech companies in India, last 24 months: 22 funding rounds · 8 launches · 7 M&A deals · 6 Contracts. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: May 2026.

M&AAcquisition · Completed

Jsw one acquires Buildnext

JSW One Platforms Limited, the e-commerce arm of the $24 billion JSW Group, has concluded the acquisition of tech-enabled construction startup BuildNext.

Tech-enabled construction
M&AAcquisition · Announced

JSW One Platforms acquires BuildNext Construction Solutions

IPO-bound B2B marketplace JSW One Platforms has acquired Pidilite Ventures-backed proptech startup BuildNext Construction Solutions as it looks to expand its presence in India's…

Proptech
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
Advanced materials and composites manufacturing for aerospace and defence
Funding

India glycols

India Glycols Ltd has raised ₹466.99 crore through a preferential allotment of 51,03,765 equity shares, the company told exchanges on Wednesday.

Investors Kashipur Holdings Ltd
LaunchRivexa cross‑border trade payment solution

Mjunction Services

rivexa by mjunction Services Limited has introduced a seamless cross‑border trade payment solution to streamline global financial frameworks for Indian exporters registered on the platform

Financial services
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

Exposome

Exposome, a Mumbai-based clean-tech startup pioneering the development and deployment of regenerative filtration technologies for industrial and municipal air and water treatment, has…

Investors Colossa Womenfirst Fund, Thermax, 3i partners, Infinyte Club Angel Fund
Clean-tech
ContractSupply

Upl · client: Pepsico

Indian agrochemicals major UPL is in advanced discussions with PepsiCo for a multi-year global supply agreement, CNBC-TV18 understands from sources.

Agrochemicals
Funding

Amwoodo

Nithin Kamath-backed Amwoodo, a Kolkata-based sustainable startup, has raised $4 million or about Rs 35 crore from multiple investors such as Adventz and Caspian.

Sustainable packaging
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
FundingSeed

Bosonq psi

Deep‑tech startup BQP (BosonQ Psi) has closed a $5 million seed round. The round was led by Monta Vista Capital, with participation from New York Ventures, Arc Ventures, Arka Venture…

Investors Monta vista capital, New York Ventures, Arc ventures, Arka venture labs
Deep-tech / Quantum Digital Twin
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
M&AAcquisition · Announced

International conveyors limited acquires Jsw one

Along with it, International Conveyors Limited has acquired 710 Compulsory Convertible Preference Shares (CCPS) in JSW One Platforms Ltd. for a cash consideration of ₹40.24 crore.

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
M&AAcquisition · Completed

Kashipur Holdings Limited acquires India glycols

Kashipur Holdings Limited, a promoter company, acquired an additional 12.21% stake (37,79,819 shares) in India Glycols Limited under a composite arrangement approved by the NCLT.

Chemicals
FundingSeries A

Bosonq psi

BosonQ Psi, a Bhilai-based startup that develops quantum simulation software also bagged Series A funding last month.

Investors Na
Quantum computing

Chemicals and materials tech companies in Maharashtra, by revenue

Browse chemicals and materials tech companies in Maharashtra by reported revenue, one-year revenue growth, revenue model, age and stage. The 49 companies below are the largest by their most recent reported revenue among 49 chemicals and materials tech 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 49

Online retailer of TMT, steel HR coil, and cement products

Manufacturing tech
₹3,983.39 crFY 2024-25
+180%2024–2025
912-63% 12 mo to Sep 2024LinkedIn · Jul 2026
6 yr2020
0none in 3 months

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
752+20% 12 mo to Aug 2024LinkedIn · Jul 2026
16 yr2010
0none in 3 months · last posted Jul 2026

Provider of an online marketplace for polymers

Materials tech
₹2,311.76 crFY 2024-25
+7%2024–2025
163-15% 12 mo to Sep 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months

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

Online retailer of diamond products

Materials tech
₹492.79 crFY 2022-23
Not reported
109LinkedIn · Jul 2026
60 yr1966
0none in 3 months · last posted Sep 2023

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

Provider of end-to-end manufacturing solutions for SMEs

Construction tech
₹83.67 crFY 2024-25
+5%2024–2025
46LinkedIn · Jul 2026
5 yr2021
0none in 3 months · last posted Jul 2026

Manufacturer of heat-resistant paints and powder coatings for industrial applications

Chemicals tech
₹60.62 crFY 2024-25
+12%2024–2025
46LinkedIn · Jul 2026
39 yr1987
0none in 3 months

Mobile-based application offering contract manufacturer marketplace for steel products

Manufacturing tech
₹58.34 crFY 2024-25
+1660%2024–2025
38LinkedIn · Jul 2026
6 yr2020
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

Provider of chemical distribution, custom manufacturing, and regulatory compliance services

Chemicals tech
₹44.08 crFY 2024-25
+20%2024–2025
55+21% 12 mo to Sep 2024LinkedIn · Jul 2026
5 yr2021
1postings · last posted Sep 2026

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

Manufacturer of API intermediates, fine chemicals, and phase transfer catalysts

Chemicals tech
₹37.80 crFY 2023-24
-15%2023–2024
—Not available
4 yr2022
0none in 3 months

Manufacturer of botanical based biopesticides and neem based products for sustainable farming

Crop tech
₹29.67 crFY 2024-25
-13%2024–2025
389+30% 12 mo to Sep 2024LinkedIn · Jul 2026
8 yr2018
2postings · last posted Sep 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

Developer of microbial solutions for agriculture and food processing industries

Chemicals tech
₹21.24 crFY 2024-25
+84%2024–2025
97+47% 12 mo to Sep 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Provider of enzymatic solutions for textile, leather, pulp, paper processing

Chemicals tech
₹18.63 crFY 2024-25
+20%2024–2025
7LinkedIn · Jul 2026
18 yr2008
0none in 3 months

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

Platform offering a mobile app for jewelry retailers to search and buy

Materials tech
₹10.03 crFY 2023-24
-6%2023–2024
4LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Provider of microbes based crop protection solution

Crop tech
₹7.66 crFY 2024-25
-2%2024–2025
7LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Developer of digital microscopes for pathology and telepathology

Life sciences platforms and tools
₹7.52 crFY 2024-25
+34%2024–2025
83+50% 12 mo to Aug 2024LinkedIn · Jul 2026
12 yr2014
0none in 3 months · last posted Apr 2026

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

Contract based manufacturer of cosmetics

Contract manufacturers
₹5.85 crFY 2024-25
+5%2024–2025
11LinkedIn · Jul 2026
9 yr2017
0none in 3 months
49 of 107 companies shown here · the full list is on Radar
Fliar Radar

Explore all 107 chemicals and materials tech companies in Maharashtra on Radar

This page shows the top 49. Radar has the complete, filterable list with contacts and live company signals.

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  • Every company, not just 50All 107 chemicals and materials tech 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.
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Explore chemicals and materials tech companies in Maharashtra by what you are looking for

Browse the top chemicals companies in Maharashtra, from advanced materials makers to specialty chemical suppliers. Find a list of chemicals and materials tech companies in Maharashtra by material type and use.

9 ways to explore chemicals and materials tech in Maharashtra

Advanced materials & composites manufacturersChemical manufacturers & chemical marketplacesNanotechnology & graphene companiesCrop protection & agri-chemical companiesTechnical textiles & sustainable fabricsB2B marketplaces for materials & raw materials

Advanced materials & composites manufacturers

Makers of carbon, bio-based, composite and other engineered 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. Garware Technical Fibres

    Developer of technical textiles for multiple industries

    Advanced materials
    See in list
  3. Kalimati Carbon

    Manufacturer of activated carbon products for industrial and environmental applications

    Advanced materials
    See in list
  4. PranaGraf

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

    Advanced materials
    See in list
  5. Gencrest

    Online platform offering bioenergy solutions

    Crop tech
    See in list

Chemical manufacturers & chemical marketplaces

Specialty, green and industrial chemical makers and distributors.

  1. Orbit Coatings

    Manufacturer of heat-resistant paints and powder coatings for industrial applications

    Chemicals tech
    See in list
  2. Elchemy

    Provider of chemical distribution, custom manufacturing, and regulatory compliance services

    Chemicals tech
    See in list
  3. Adpharmachem

    Manufacturer of API intermediates, fine chemicals, and phase transfer catalysts

    Chemicals tech
    See in list
  4. Greenwave Global

    Provider of sustainable cotton processing solutions using environmentally safe enzymes

    Advanced materials
    See in list
  5. Advanced EnzyTech Solutions

    Provider of enzymatic solutions for textile, leather, pulp, paper processing

    Chemicals tech
    See in list

Nanotechnology & graphene companies

Developers of nanomaterials, graphene, nano coatings and related sensors.

  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. HEXORP

    Developer of graphene products

    Advanced materials
    See in list
  4. TriNANO

    Manufacturer of protective nano coatings for solar energy panel surfaces

    Renewable energy tech
    See in list
  5. WeInnovate Biosolutions

    Provider of antimicrobial medical devices for infection prevention and control

    Chemicals tech
    See in list

Crop protection & agri-chemical companies

Providers of biopesticides, microbial crop protection and farm inputs.

  1. Kay Bee Bio-Organics

    Manufacturer of botanical based biopesticides and neem based products for sustainable farming

    Crop tech
    See in list
  2. SK Biobiz

    Developer of microbial solutions for agriculture and food processing industries

    Chemicals tech
    See in list
  3. Relegare Agro Life

    Provider of microbes based crop protection solution

    Crop tech
    See in list
  4. UPL

    Provider of plant-based crop protection products

    Chemicals tech
    See in list
  5. Swasti Agro

    Biological crop protection chemicals for agriculture

    Crop tech
    See in list

Technical textiles & sustainable fabrics

Suppliers of technical textiles, hemp and other sustainable fibres and fabrics.

  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. DiamondXE

    Online platform for listing fashion materials, gemstones, and diamonds

    Fashion tech
    See in list

B2B marketplaces for materials & raw materials

Online platforms for buying chemicals, polymers, steel and other raw materials.

  1. JSW One MSME

    Online retailer of TMT, steel HR coil, and cement products

    Manufacturing tech
    See in list
  2. Source.one

    Provider of an online marketplace for polymers

    Materials tech
    See in list
  3. Rawmart

    Provider of end-to-end manufacturing solutions for SMEs

    Construction tech
    See in list
  4. Stainless Bazaar

    Mobile-based application offering contract manufacturer marketplace for steel products

    Manufacturing tech
    See in list
  5. Book My Diamond

    Platform offering a mobile app for jewelry retailers to search and buy

    Materials tech
    See in list

Chemicals and materials tech startups in Maharashtra

Recently founded chemicals and materials startups in Maharashtra.

  1. Rawmart

    Provider of end-to-end manufacturing solutions for SMEs

    Construction tech
    See in list
  2. Elchemy

    Provider of chemical distribution, custom manufacturing, and regulatory compliance services

    Chemicals tech
    See in list
  3. DiamondXE

    Online platform for listing fashion materials, gemstones, and diamonds

    Fashion tech
    See in list
  4. JSM Composites

    Manufacturer of composite materials and tooling solutions

    Composites
    See in list
  5. TriNANO

    Manufacturer of protective nano coatings for solar energy panel surfaces

    Renewable energy tech
    See in list
29 companies in Maharashtra

Chemicals and materials tech companies hiring in Maharashtra

Chemicals and materials companies in Maharashtra with open roles.

  1. Epsilon Carbon

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

    Advanced materials
    See in list
  2. Blue Star Diamonds

    Online retailer of diamond products

    Materials tech
    See in list
  3. Rawmart

    Provider of end-to-end manufacturing solutions for SMEs

    Construction tech
    See in list
  4. Elchemy

    Provider of chemical distribution, custom manufacturing, and regulatory compliance services

    Chemicals tech
    See in list
  5. Gencrest

    Online platform offering bioenergy solutions

    Crop tech
    See in list
12 companies in Maharashtra

Listed chemicals and materials companies in Maharashtra

Publicly listed chemicals and materials companies in Maharashtra.

  1. Garware Technical Fibres

    Developer of technical textiles for multiple industries

    Advanced materials
    See in list
  2. UPL

    Provider of plant-based crop protection products

    Chemicals tech
    See in list
  3. Birla Carbon

    Manufacturer of carbon black additives

    Advanced materials
    Website
3 companies in Maharashtra
Mobile reach

Top 10 chemicals and materials tech apps from Maharashtra

The most-installed Android apps published by chemicals and materials tech companies headquartered in Maharashtra — 115K installs between them. 12 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
2

GA Demands: Diamond Demand App

by GemAtlas

Installs26K
Rating—
Last updatedApr 2026
View on Google Play ↗
GA Demands: Diamond Demand App screenshot 1GA Demands: Diamond Demand App screenshot 2GA Demands: Diamond Demand App screenshot 3GA Demands: Diamond Demand App screenshot 4GA Demands: Diamond Demand App screenshot 5
The business behind the activity

Chemicals and materials tech financials in Maharashtra

Revenue, profit and growth from the filed annual accounts of 39 chemicals and materials tech companies in Maharashtra for FY24-25 — 49 of the 107 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 95% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹11,853.23 cr

39 companies filing accounts

combined net profit₹806.30 cr

6.8% aggregate margin

are profitable41%

16 of 39 companies

median revenue~₹5.8 cr

the typical company

median revenue growth+7%

into FY24-25

earned by the top five95%

revenue concentration

Six-year view

Combined revenue of filing companies

₹5,712.15 crFY19-2028 filers
₹5,310.42 crFY20-2131 filers
₹26,376.41 crFY21-2233 filers
₹23,263.99 crFY22-2343 filers
₹20,250.00 crFY23-2445 filers
₹11,853.23 crFY24-2539 filers

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

Like-for-like

The same 35 companies over three years

+3%
FY22-23₹11,536.67 cr₹1,012.59 cr net
FY23-24₹11,205.46 cr₹947.50 cr net
FY24-25₹11,847.60 cr₹809.22 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 cr1718% profitable
₹1–10 cr633% profitable
₹10–100 cr1070% profitable
₹100–1,000 cr250% profitable
Over ₹1,000 cr475% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking13
0–20%11
20–50%4
50–100%3
Doubled+6

37 companies with accounts for both years; median growth +7%.

Profitability

Profit is concentrated at the top

16profitable
23loss-making
6.8%aggregate margin
-1.4%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
SK BiobizS K BIOBIZ PRIVATE LIMITED+84%₹21.24 cr
Kalimati CarbonKALIMATI CARBON PRIVATE LIMITED+36%₹98.68 cr
ElchemyBIZINBIZ TECHNOLOGIES PRIVATE LIMITED+20%₹37.26 cr
Advanced EnzyTech SolutionsADVANCED ENZYTECH SOLUTIONS LIMITED+20%₹18.63 cr
Garware Technical FibresGARWARE TECHNICAL FIBRES LIMITED+15%₹1,525.46 cr
IntermarketINTERMARKET INDIA PRIVATE LIMITED+11%₹108.04 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
SK BiobizS K BIOBIZ PRIVATE LIMITED23.4%₹21.24 cr
Garware Technical FibresGARWARE TECHNICAL FIBRES LIMITED14.0%₹1,525.46 cr
Advanced EnzyTech SolutionsADVANCED ENZYTECH SOLUTIONS LIMITED11.9%₹18.63 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
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Advanced materials10₹8,905.74 cr~₹30.9 cr50%9.1%
Chemicals tech10₹137.25 cr~₹1.8 cr30%0.9%
Leaders

Largest chemicals and materials tech 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%
Source.oneSPCX PRIVATE LIMITED₹2,311.76 cr−₹3.01 cr-0.1%+7%
Garware Technical FibresGARWARE TECHNICAL FIBRES LIMITED₹1,525.46 cr₹214.07 cr14.0%+15%
Blue Star DiamondsBLUE STAR DIAMONDS PRIVATE LIMITED₹164.38 cr−₹2.32 cr-1.4%-24%
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%
RawmartRAWMART MATERIAL SOLUTIONS PRIVATE LIMITED₹83.67 cr₹43.42 lakh0.5%+5%
Stainless BazaarSTAINLESS BAZAAR INDIA LIMITED₹58.34 cr−₹4.47 cr-7.7%>10×
Orbit CoatingsORBIT COATINGS PVT LTD₹55.52 cr₹3.00 cr5.4%+7%
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.

Industry landscape report

Chemicals and Materials Tech Industry Landscape of India

The financials above are one chapter. The full chemicals and materials tech landscape of Maharashtra maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the chemicals and materials tech landscape of Maharashtra
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

Chemicals and materials tech funding and M&A across India

177 recorded equity rounds have gone to 529 chemicals and materials tech 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 months13

US$46.04m

equity rounds, last 24 months41

US$170.46m

raised over five yearsUS$930.52m

122 rounds in India

M&A deals, India7

last 24 months

Capital by year

Equity funding into chemicals and materials tech in India

amount rounds
$31m20184
$53m201912
$3.0m20209
$669m202124
$10m202215
$56m202315
$36m202433
$114m202525
$44m202610

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$669.44m across 24 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$8.85m14 rounds · median US$91k
SeedUS$73.07m84 rounds · median US$375k
Series AUS$95.07m14 rounds · median US$5.39m
Series BUS$75.03m3 rounds · median US$26.48m
Series D+US$678.50m7 rounds · median US$110.00m
Where the money went · five years

Most-funded sub-sectors

Construction techUS$684.56m9 rounds · 2 companies
Manufacturing techUS$91.56m3 rounds · 1 companies
Advanced materialsUS$67.19m43 rounds · 23 companies
Chemicals techUS$24.82m20 rounds · 8 companies
Materials techUS$21.88m10 rounds · 4 companies
CompositesUS$12.83m5 rounds · 1 companies
B2b e-commerceUS$8.77m4 rounds · 3 companies
Corporate activity · last 24 months

M&A in India

6Acquisition
1Merger

Most active acquirers

  1. Jsw one3
  2. Kineco1
  3. Garware technical fibres1
  4. International conveyors limited1
  5. Kashipur Holdings Limited1

Most acquired or merged

  1. Buildnext1
  2. BuildNext Construction Solutions1
  3. BuildNext Construction Solutions Pvt1
  4. Kineco Train Tech Private Limited1
  5. Offshore & trawl supply as1

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

Go deeper in the chemicals and materials tech landscape reports:

Chemicals and Materials Tech Industry Landscape of India

Chemicals and materials tech funding in Maharashtra

15 chemicals and materials tech companies in Maharashtra have recorded equity funding, US$126.36m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Maharashtra

Meet the people behind chemicals and materials tech companies in Maharashtra. 67 of 107 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Maharashtra chemicals and materials tech companies by sub-sector

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

Keep exploring chemicals and materials tech in India and nearby markets.

Coming soon