Best Chemicals and Materials Tech Companies in Mumbai, India
The 50 best Chemicals and Materials Tech companies in Mumbai, India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: JSW One MSME.
Our analysis of 50 Chemicals and Materials Tech companies
$4.4b in tracked funding; 79% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Chemicals and Materials Tech companies in Mumbai
| # | Company | Revenue | Revenue YoY | Disclosed funding | Last round | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | RelWood Provider of waterproof, termite-proof, and UV-resistant material made with patented technology, suitable for… | $118.1B FY2025 | +7% | — | — | BootstrapReactFancyBox+10 | — | — |
| 2 | UPL Sustainable agriculture solutions provider empowering growers and transforming global food chains | $5.3B FY2024 | -19% | — | 94 mo ago | VimeoBootstrapVue.js+21 | 2,052 patents Synthesis and formulation of agrochemical pesticides and related microbial/chemical processes | — |
| 3 | JSW One MSME 🦄 Online retailer of TMT, steel HR coil, and cement products 78Moat top 20%Fin. health top 23%Funding top 26%Market top 27% All 11 signals ▾Moattop 20% Fin. healthtop 23% Fundingtop 26% Markettop 27% Techtop 27% Innovationtop 34% Producttop 37% Newstop 45% Growthtop 46% Talentbottom 49% Globalbottom 37% Moat: Top 1% by revenue among 262 tracked Manufacturing Tech companies · Editorial + unicorn rating 7/10 Fin. health: Revenue ~$471M (FY2021) · Net margin -5.5% rank vs industry peers · Fliar Intelligence Index 78/100 | $471M FY2025 | +180% | $25M | 10 mo ago | TurbopackNode.jsNextAuth.js+21 | — | — |
| 4 | Birla Carbon Manufacturer of carbon black additives | $425M FY2024 | +6% | — | — | WordPressMySQLPHP+34 | 4 patents Carbon black and nanostructure production processes; petroleum oil desulphurization technologies. | 1 award |
| 5 | Epsilon Carbon Manufacturer of reinforcing grades and tread grades of hard carbon black and coal tar derivatives 60Market top 23%Fin. health top 25%Moat top 26%Product top 29% All 12 signals ▾Markettop 23% Fin. healthtop 25% Moattop 26% Producttop 29% Fundingtop 38% Newstop 44% Growthtop 45% Talentbottom 49% Innovationbottom 43% Globalbottom 37% Patentsbottom 36% Techbottom 26% Market: 634 employees (top 2% of High Tech) · Revenue ~$323M Fin. health: Revenue ~$323M (FY2024) · Net margin 9.3% rank vs industry peers · Fliar Intelligence Index 60/100 | $323M FY2025 | +6% | $12M | 28 mo ago | WordPressMySQLPHP+14 | 2 patents Advanced cathode materials for lithium‑ion batteries | 1 award |
| 6 | Kusumgar Manufacturer of engineered fabrics and solutions | $93M FY2025 | +67% | — | 10 mo ago | WordPressMySQLPHP+19 | — | — |
| 7 | Blue Star Diamonds It manufactures and distributes polished diamonds globally | $21M FY2025 | -24% | — | — | WordPressMySQLPHP+22 | 4 patents Heart‑shaped center gemstone cutting and manufacturing techniques for ornamental jewelry | — |
| 8 | Watersol™ Manufacturer of water-soluble films | $18M FY2024 | — | — | — | — | — | — |
| 9 | Tipco Provider of bio-based materials and products for sustainable solutions | $11M FY2025 | +5% | — | — | WordPressMySQLPHP+13 | — | — |
| 10 | PlantbiotiX Provider of microbial-based crop protection and soil health products | $10M FY2025 | +36% | — | — | WordPress Block EditorWordPressMySQL+16 | — | — |
| 11 | PranaGraf Manufacturer of specialty graphite products including expandable, high purity, and spherical. | $5M FY2025 | -4% | — | — | — | — | — |
| 12 | Elchemy Provider of chemical distribution, custom manufacturing, and regulatory compliance services | $5M FY2025 | +20% | $2M | 20 mo ago | Node.jsUbuntuTailwind CSS+11 | — | — |
| 13 | Gencrest Online platform offering bioenergy solutions | $5M FY2025 | +279% | — | — | WordPressMySQLPHP+19 | 9 patents Enzymatic conversion of plant biomass into textile‑grade fibers for sustainable fabrics. | 1 job opening · 1 launch |
| 14 | Nanova Manufacturer of nanotechnology-based coatings, paints, resins, and polymers for various applications | $5M FY2025 | +8% | — | — | Google Mapsparticles.jsYouTube+15 | — | — |
| 15 | Book My Diamond Platform offering a mobile app for jewelry retailers to search and buy | $1M FY2024 | -6% | $37K | 115 mo ago | — | — | — |
| 16 | ChemX Provider of a cloud-based online marketplace for chemicals | $984K FY2021 | — | — | — | — | — | — |
| 17 | Hemp Fabric Lab Sustainable hemp and hemp blend fabrics supplier | $868K FY2025 | +37% | — | — | Cart FunctionalityShopifyAmazon Web Services+27 | — | — |
| 18 | DiamondXE Online platform for listing fashion materials, gemstones, and diamonds | $634K FY2025 | +91% | — | — | Cart FunctionalityTypeScriptZone.js+21 | — | — |
| 19 | EAMPL Provider of graphite carbon products | $524K FY2025 | +51% | — | — | BootstrapApache HTTP ServerCloudflare+8 | — | 1 launch · 1 expansion |
| 20 | Exposome Provider of materials chemistry solutions for industrial air and water treatment | $331K FY2025 | +121% | $1M | 9 mo ago | WordPressMySQLPHP+24 | 25 patents Regenerative sorbent materials for selective removal of water and gas pollutants | 1 launch |
| 21 | HEXORP Developer of graphene products | $145K FY2025 | +55% | — | — | — | — | — |
| 22 | GemAtlas Provider of a cloud-based listing platform for multiple gemstones | $77K FY2025 | -13% | — | — | JoomlaPHPWindows Server+22 | — | 1 launch |
| 23 | NanoSniff Provider of MEMS cantilever-based sensors for chemical analyte detection | $51K FY2025 | -85% | $953K | 56 mo ago | — | 2 patents Nanostructured MEMS preconcentrators for enhanced gas detection and analysis | — |
Top 12 Chemicals and Materials Tech companies in Mumbai
#1
Series B · Mumbai, Maharashtra · founded 2020 · 186 employees$25Mraised▾
Online retailer of TMT, steel HR coil, and cement products. It facilitates online purchases of mild steel, structural steel, and cement. The platform provides options to manage addresses and plan purchases. Support is offered through various channels, including phone and email.
- Oct 2025Series B$26.5M
- May 2025Series B$40M
- Mar 2023Series A$25M
#2
Seed · Mumbai, Maharashtra · founded 2020$6.5Mraised▾
Manufacturer of plant-based leather from mango waste. This leather is a sustainable alternative to animal and synthetic leathers. It utilizes bio-polymers derived from fermented mango waste fiber, resulting in a biodegradable and eco-friendly material. The manufacturing process involves sourcing waste mangoes directly from farmers, creating a circular economy model. The resulting leather possesses properties similar to traditional leather, suitable for various applications in fashion and other industries. The company holds exclusive manufacturing rights and patent licenses for this technology.
- Dec 2025Seed$892.5K
- Nov 2024Angel$298.5K
- Seed$5.3M
#3
Seed · Mumbai, Maharashtra · founded 2020 · 14 employees$1.2Mraised▾
Provider of materials chemistry solutions for industrial air and water treatment. The company offers products for air treatment, water treatment, and energy solutions across multiple industries. These industries include electronics, pharmaceuticals, oil and gas, public utilities, and renewable energy. The company’s solutions address industrial recovery, gas separation, and waste water compliance.
- Oct 2025Seed$2.6M
- Sep 2024Seed$1.2M
- Aug 2023Seed$212K
- Dec 2022Seed$30.7K
#4
Seed · Mumbai, Maharashtra · founded 2025$458.6Kraised▾
Provider of AI-powered platform for materials engineering and discovery. It is developing an AI-powered platform to accelerate materials discovery and engineering by combining wet lab experimentation with predictive dry lab modeling. It focuses on accelerating materials discovery in industries like specialty chemicals, aerospace, and advanced manufacturing.
- Dec 2025Seed$458.6K
#5
Series A · Mumbai, Maharashtra · founded 2021 · 17 employees$2Mraised▾
Provider of chemical distribution, custom manufacturing, and regulatory compliance services. The company offers chemical building blocks and intermediates for various industries. Custom manufacturing includes customized formulations, quality assurance, and process expertise. The company ensures ingredients are sourced ethically and sustainably, supported by documentation that meets standards.
- Nov 2024Series A$5.6M
- Mar 2022Seed$2M
#6
Seed · Mumbai, Maharashtra · founded 2025$349.5Kraised▾
Manufacturer of chemicals and chemical products. The company provides materials for electronics, energy, healthcare, and environmental applications. Offerings include polymers for flexible displays, nano-engineered silica for catalysis, and hydrogels for cell culture. The company also provides electrochromic polymers, semiconducting polymers, and custom formulations. The materials are used in coatings, sensors, and energy storage.
- Jun 2025Seed$349.5K
#7
Funding Raised · Mumbai, Maharashtra · founded 2010 · 634 employees$12Mraised▾
Manufacturer of reinforcing grades and tread grades of hard carbon black and coal tar derivatives. It provides users with a companhy involved in manufcaturing coal tar derivatives and carbon products like binder pitch, impregnation pitch, carbon black oil, anthracene oil, naphthalene, phenol, and more. It also manufactures battery materials.
- Mar 2024Conventional Debt$12M
#8
Seed · Mumbai, Maharashtra · founded 2017 · 8 employees$1.2Mraised▾
Provider of technology-driven diamond sourcing solutions for retailers and wholesalers. It offers a reverse auction platform enabling retailers to source diamonds at competitive prices through supplier bidding. For wholesalers, a data-driven platform identifies market opportunities and helps manage inventory. The company also provides quality control services and facilitates delivery and returns. These services streamline the diamond procurement process, improving efficiency and cost-effectiveness for both retailers and wholesalers.
- May 2024Seed$1.1M
- Feb 2019Seed$120K
#9
Seed · Mumbai, Maharashtra · founded 2011 · 12 employees$952.6Kraised▾
Provider of MEMS cantilever-based sensors for chemical analyte detection. It has developed microcantilever and microheater technologies for various micro and nano scale sensing applications. It also offers MEMS instrumentation for research and education. It develops a micro-cantilever based biosensing system for ultrasensitive and rapid detection of myocardial infarction and a low-cost nanotechnology-based explosive detection system. It has applications in security and surveillance, hazard detection, POC medical diagnosis, and applied research areas.
- Nov 2021Seed$114.2K
- Oct 2020Seed$65.2K
- Aug 2019Seed$346.7K
- Jan 2017Seed$300K
#10
Seed · Mumbai, Maharashtra · founded 2015 · 3 employees$37Kraised▾
Platform offering a mobile app for jewelry retailers to search and buy. It connects diamond manufacturers with retailers, providing real-time access to a vast inventory of certified diamonds.
- Jan 2017Angel$37K
#11
Series B · Mumbai, Maharashtra · founded 1970—raised▾
Manufacturer of engineered fabrics and solutions. It specializes in manufacturing technical textiles for various applications, including defense, aerospace, outdoor clothing, industrial fabrics, sports wear, and parachutes. It also offers a wide variety of specialty textiles and fabric materials including, synthetic filament yarns ranging from conventional polyamide and polyester yarns to specialty rayon, polyamide and polyester filament yarns to poly-aramid yarns.
#12
Public · Mumbai, Maharashtra · founded 1969 · 4328 employees—raised▾
Sustainable agriculture solutions provider empowering growers and transforming global food chains. The company is dedicated to making farming practices more sustainable and ensuring access to safe, healthy, and nutritious food for consumers worldwide. It offers a comprehensive range of solutions spanning the entire agricultural value chain, including seeds, crop protection, biosolutions, post-harvest technologies, and farmer engagement programs. The company focuses on innovation and sustainability, working with farmers to tackle challenges and seize opportunities in agriculture. It promotes open agriculture networks and invests in research and development to deliver cutting-edge technologies and services. The company is committed to environmental stewardship, social responsibility, and economic development, aiming to create a positive impact on both communities and the planet.
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Chemicals and Materials Tech coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
What Mumbai researches in advanced materials
- Indian Institute of Technology Bombay10
- Institute of Chemical Technology6
- Bhabha Atomic Research Centre5
- Korea Research Institute of Chemical Technology5
- Indian Institute of Chemical Technology2
Who's building advanced materials IP in Mumbai
- Tata Chemicals45Mumbai
- Cipla32Mumbai
- Bharat Serums and Vaccines17Mumbai
- Reliance Industries16Mumbai
- Hindustan Unilever Foundation14Mumbai
- Wockhardt11Mumbai
- Department of Atomic Energy10Mumbai
- sun pharma advanced research company9Mumbai
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.