Company lists
The Karnataka edition · 2026

Conglomeratescompanies in Karnataka

Diversified groups, IT & services, family offices, hiring and more: the companies building conglomerates in Karnataka, with their founders, funding, team size and business models.

58 company profiles19 with reported revenue1 with recorded fundingOctober 2026 edition
Karnataka · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent conglomerates business events in India

Funding, M&A, contract wins and launches involving 1,000 conglomerates companies in India, last 24 months: 187 Contracts · 185 M&A deals · 39 funding rounds · 20 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

M&AAcquisition · Completed

Creative group acquires Yogosha

This company is involved in intertwining tests (pentests), security audits, bug bounty and identification of computer vulnerabilities. It was bought by Creative Group at the court's helm…

Cybersecurity
FundingFinancing

Avaada group

Renewable energy company Avaada Group has secured $950 million in financing from a consortium of global and domestic banks for renewable energy projects in India.

Renewable energy
ContractService

Asml · client: Tata electronics

Tata Electronics signed a landmark Memorandum of Understanding with ASML, the world’s most critical supplier of advanced lithography systems that underpin modern semiconductor manufacturing.

Semiconductor
FundingProject Investment

Tata electronics

The agreement is central to Tata Electronics' proposed semiconductor fabrication facility in Dholera, Gujarat, envisioned as part of India's first greenfield semiconductor city. With an…

Investors Tata, Powerchip
Semiconductor
M&AAcquisition · Announced

Aditya birla group acquires Sprng energy

According to sources to Manicontrol, after collecting binding bids, Aditya Birla Group, led by Kumar Mangalum Birla, has taken the lead in the race to buy Indian Renewable Energy…

Renewable Energy
M&AAcquisition · Announced

Vibrant global capital acquires Private Reserve Capital Private Limited

Vibrant Global Capital Limited has approved a ₹60 million cash acquisition of an equity stake in Private Reserve Capital Private Limited.

Financial consultancy
M&AAcquisition · Announced

Srei acquires Picton Property Income

There is not yet an actual bid for PCTN. LMP/SREI still screwing us around - talk of a bid, a provisional bid but no actual bid.

Real Estate Investment Trust
ContractService

DENTSU INDIA · client: Tata group

DENTSU INDIA has secured the integrated media mandate for the Indian Premier League campaigns of multiple Tata Group companies, including Tata Motors, Voltas, TATA AIG, CaratLane, and…

Media
M&AAcquisition · Completed

Itc acquires Mother Sparsh

ITC increased its stake in Mother Sparsh to 49.32% after acquiring an additional stake in the baby and personal care brand for Rs 30 crore.

Ayurvedic and natural personal care
M&AAcquisition · Rumored

Aditya birla group acquires Crompton greaves consumer electricals

The Aditya Birla Group is evaluating a potential acquisition of a majority stake in Crompton Greaves Consumer Electricals, according to people familiar with the matter, even as both…

Consumer Durables
M&AAcquisition · Announced

Tvs group acquires Jana small finance bank

the TVS Group is set to acquire a 9.99% stake in Jana Small Finance Bank through a preferential allotment, marking a significant strategic investment in the small finance banking space.

Banking
ContractInfrastructure

Larsen & toubro · client: Coal India Limited and Bharat Heavy Electricals Limited Joint Venture

Infrastructure major Larsen & Toubro (L&T) on Tuesday said it has bagged an order valued between ₹2,500 crore to ₹5,000 crore from the joint venture of state-owned Coal India Limited and…

Energy and Chemicals
ContractService

Dentsu · client: Tata group

The Tata Group has awarded its consolidated Indian Premier League (IPL) media mandate, estimated to be in the range of ₹180–220 crore, to Dentsu

Media & Marketing
ContractService

Larsen & toubro · client: Bharat Coal Gasification and Chemicals Ltd (BCGCL)

Engineering and construction major Larsen & Toubro (L&T) has secured a large order in the range of ₹2,500 crore to ₹5,000 crore for a key energy transition project in Odisha...

Hydrocarbon, Process Industries, Energy Transition
ContractOutsourcing

Doordash · client: Empire

Empire partners with DoorDashThe delivery company has signed a deal to bring 12 of the retailer’s banners onto its network, including Sobeys, Safeway, IGA, FreshCo, Farm Boy and Longo’s.

Retail
ContractSupply

United drilling tools · client: Vedanta Limited

United Drilling Tools Limited has received a domestic order from Vedanta Limited for supplying tubing, pup joints, crossovers, and related accessories.

Oil & Gas
FundingPreferential issue of convertible warrants

Steel exchange india

Steel Exchange India Limited has received an aggregate amount of ₹75 Crore from M/s India Coke and Power Private Limited and M/s IMR Steel Private Limited towards subscription of…

Investors M/s India Coke and Power Private Limited, M/s IMR Steel Private Limited
Steel manufacturing
FundingExternal commercial borrowing

Vedanta Limited

Vedanta Limited on Friday said it has secured a $125 million external commercial borrowing deal, but the agreement comes with strict conditions, including a restriction on diluting its…

Investors JPMorgan Chase Bank N.A.
M&AAcquisition · Completed

Adani enterprises acquires Jaiprakash Associates

The National Company Law Tribunal (NCLT) has approved the acquisition of Jaiprakash Associates Ltd (JAL) by Adani Enterprises, clearing the way for one of the most high-profile…

Conglomerate
FundingEquity

Tata electronics

New capital, including a ₹1,500 crore infusion from Tata Group, is driving capacity expansion.

Investors Tata group
Electronics manufacturing
LaunchAluminium cylinder head alloy

Vedanta

Vedanta, one of India’s leading producers of metals and oil and gas, today had the formal launch of its newest product -- aluminium cylinder head alloy, a critical raw material for…

Aluminium alloy – cylinder head material
M&AAcquisition · Rumored

VEDANTA GROUP acquires JAL

The decision was challenged by the Vedanta Group, which put a bid of Rs 17,926 crore, in the appellate tribunal NCLAT.

M&AAcquisition · Announced

NR Group acquires Satvik

Cycle Pure Agarbathi maker NR Group has acquired a majority stake in puja accessories brand Satvik, marking a strategic push to deepen its presence in the fast-growing devotional…

M&AAcquisition · Pending

Empire acquires Mayrand Food Group Inc.

Empire Co. Ltd. says it is moving to acquire Québec-based food retailer Mayrand Food Group Inc.

M&AAcquisition · Announced

Empire acquires Groupe Mayrand Alimentaire

Empire announced Thursday that it had 'concluded an agreement to acquire' the Quebec retailer.

Retail
ContractSupply

Marine electricals · client: Larsen and Toubro

Marine Electricals (India) has secured orders worth Rs 1.15 billion from Larsen and Toubro for work related to a semiconductor manufacturing facility in Dholera.

Semiconductor manufacturing
M&AAcquisition · Announced

Adani enterprises acquires Jay Prakash Associates

NCLT for this company undergoing the bankrupt process had sanctioned the resolution plan of ₹14,500 CRORE of ADANI ENTERPRISES.

Conglomerates companies in Karnataka, by funding and team

Few conglomerates companies in Karnataka publish revenue, so this list compares what is on record instead: recorded equity funding, team size, revenue model, age and stage. The 50 companies below lead on recorded funding and team size among 58 active companies.

Showing 25 of 50

Diversified conglomerate operating across multiple industries

Traditional conglomerates
US$2.50mAngel · Dec 2025
60LinkedIn · Oct 2026
Commission on transaction / Subscription
5 yr2021
0none in 3 months

Manufacturer of adhesives, abrasives, and other advanced materials. It develops and produces a wide array of products for diverse industries, including automotive, healthcare, electronics, and consumer markets. These products encompass a broad spectrum of applications, from bonding and assembly solutions to personal protective equipment and filtration systems. The company's focus is on scientific innovation to create solutions for various industrial and consumer needs. Its offerings are designed for efficiency and performance across multiple sectors.

Traditional conglomerates
—None recorded
119-4% 12 mo to Aug 2024LinkedIn · Oct 2026
Physical commerce
39 yr1987
9postings · last posted Oct 2026

Diversified conglomerate operating across multiple industries

Traditional conglomerates
—None recorded
1,022+10% 12 mo to Sep 2024recorded Sep 2024
Physical commerce
65 yr1961
0none in 3 months · last posted Jul 2026

Diversified conglomerates operates across multiple industries

Traditional conglomerates
—None recorded
946+4% 12 mo to Jun 2024recorded Jun 2024
Fee-for-service
53 yr1973
—No postings tracked

Diversified conglomerates operates across multiple industries

Traditional conglomerates
—None recorded
92+6% 12 mo to Sep 2024LinkedIn · Oct 2026
Advertising / Commission on transaction
66 yr1960
—No postings tracked

Diversified conglomerate operating across multiple industries

Traditional conglomerates
—None recorded
180+9% 12 mo to Sep 2024recorded Sep 2024
Advertising / Commission on transaction
66 yr1960
—No postings tracked

Diversified conglomerates operates across multiple industries

Traditional conglomerates
—None recorded
169+21% 12 mo to Sep 2024recorded Sep 2024
Commission on transaction / E-commerce - product
21 yr2005
0none in 3 months · last posted Jul 2026

Provider of electrical services and products

Traditional conglomerates
—None recorded
144+13% 12 mo to Feb 2024recorded Feb 2024
Advertising / Commission on transaction
30 yr1996
—No postings tracked

Diversified conglomerate operating across multiple industries

Traditional conglomerates
—None recorded
69+4% 12 mo to Sep 2024LinkedIn · Jul 2026
Advertising / Commission on transaction
75 yr1951
0none in 3 months

Diversified conglomerate operating across multiple industries

Traditional conglomerates
—None recorded
294LinkedIn · Jul 2026
Fee-for-service
27 yr1999
0none in 3 months

Diversified conglomerate operating across multiple industries

Traditional conglomerates
—None recorded
35+8% vs previous recordLinkedIn · Jul 2026
Commission on transaction / Fee-for-service
8 yr2018
0none in 3 months

Provider of construction services for residential, commercial, and infrastructure projects.

Affordable housing
—None recorded
146+43% vs previous recordLinkedIn · Jul 2026
Fee-for-service
19 yr2007
0none in 3 months

Diversified conglomerate operating across multiple industries

Traditional conglomerates
—None recorded
71+8% vs previous recordrecorded
Physical commerce
78 yr1948
0none in 3 months · last posted Jul 2026

Diversified conglomerates operates across multiple industries

Traditional conglomerates
—None recorded
49-2% 12 mo to Feb 2024recorded Feb 2024
E-commerce - product / Physical commerce
19 yr2007
0none in 3 months

Diversified conglomerates operates across multiple industries

Traditional conglomerates
—None recorded
49+14% 12 mo to Feb 2024recorded Feb 2024
Physical commerce
53 yr1973
—No postings tracked

Provider of agriculture & steel products

Traditional conglomerates
—None recorded
6-46% 12 mo to Sep 2024LinkedIn · Jul 2026
E-commerce - product / Physical commerce
7 yr2019
0none in 3 months

Diversified conglomerates operates across multiple industries

Traditional conglomerates
—None recorded
155-14% 12 mo to Sep 2024LinkedIn · Jul 2026
Advertising / Commission on transaction
6 yr2020
0none in 3 months

Company is a conglomerate specializing in rural marketing, logistics, and real estate with deep rooted history dating back to the early

Traditional conglomerates
—None recorded
8+0% 12 mo to Jul 2022recorded Jul 2022
Advertising / Commission on transaction
96 yr1930
—No postings tracked

Relon is a company engaged in multi tasking like manufacturing and trading activities.

Traditional conglomerates
—None recorded
4-25% vs previous recordLinkedIn · Jul 2026
Fee-for-service
—
—No postings tracked

Diversified conglomerates operates across multiple industries

Traditional conglomerates
—None recorded
13LinkedIn · Jul 2026
Commission on transaction / Fee-for-service
38 yr1988
0none in 3 months

Diversified business group with a main focus on the mining industry

Traditional conglomerates
—None recorded
—Not available
Advertising / Commission on transaction
69 yr1957
—No postings tracked

Diversified conglomerates operates across multiple industries

Traditional conglomerates
—None recorded
30LinkedIn · Jul 2026
E-commerce - product / Physical commerce
18 yr2008
0none in 3 months · last posted Jun 2026

Diversified conglomerate operating across multiple industries

Traditional conglomerates
—None recorded
31LinkedIn · Jul 2026
Advertising / Commission on transaction
21 yr2005
—No postings tracked

Diversified conglomerate operating across multiple industries

Traditional conglomerates
—None recorded
—Not available
Advertising / Commission on transaction
25 yr2001
—No postings tracked

Diversified conglomerates operates across multiple industries

Traditional conglomerates
—None recorded
29LinkedIn · Jul 2026
Subscription
9 yr2017
—No postings tracked
50 of 58 companies shown here · the full list is on Radar
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Explore conglomerates companies in Karnataka by what you are looking for

Browse top conglomerates in Karnataka and diversified business groups operating across several industries. Compare conglomerate companies, new groups and those hiring in Karnataka.

4 ways to explore conglomerates in Karnataka

Diversified conglomerate groupsGroups with IT & professional services armsFamily offices & investment groupsConglomerates companies hiring in Karnataka

Diversified conglomerate groups

Business groups operating across multiple industries.

  1. 3M India

    Manufacturer of adhesives, abrasives, and other advanced materials. It develops and produces a wide array of products for diverse industries, including automotive, healthcare, electronics, and consumer markets. These products encompass a broad spectrum of applications, from bonding and assembly solutions to personal protective equipment and filtration systems. The company's focus is on scientific innovation to create solutions for various industrial and consumer needs. Its offerings are designed for efficiency and performance across multiple sectors.

    Traditional conglomerates
    See in list
  2. Baldota Group

    Diversified conglomerate operating across multiple industries

    Traditional conglomerates
    See in list
  3. Hombale

    Provider of construction services for residential, commercial, and infrastructure projects.

    Affordable housing
    See in list
  4. PACE GROUP

    Provider of electrical services and products

    Traditional conglomerates
    See in list
  5. Dhandhania

    Company is a conglomerate specializing in rural marketing, logistics, and real estate with deep rooted history dating back to the early

    Traditional conglomerates
    See in list

Groups with IT & professional services arms

Conglomerates that also offer IT, HR and consulting services.

  1. Antrorse

    Provider of software development, IT consulting, staffing, and infrastructure services

    Hr services
    See in list
  2. Apris Global Group

    Provider of IoT, cloud, and technology consulting services

    Traditional conglomerates
    See in list
  3. Apex

    Provider of agriculture & steel products

    Traditional conglomerates
    See in list

Family offices & investment groups

Family-run groups managing wealth and portfolios.

  1. Vananam

    Diversified conglomerate operating across multiple industries

    Traditional conglomerates
    See in list
  2. champion luxury resorts and homes

    Subhakar Rao Founded this Company

    Traditional conglomerates
    See in list
  3. musetheplace

    musetheplace was founded in 2012

    Traditional conglomerates
    Website

Conglomerates companies hiring in Karnataka

Conglomerates in Karnataka with open roles.

  1. 3M India

    Manufacturer of adhesives, abrasives, and other advanced materials. It develops and produces a wide array of products for diverse industries, including automotive, healthcare, electronics, and consumer markets. These products encompass a broad spectrum of applications, from bonding and assembly solutions to personal protective equipment and filtration systems. The company's focus is on scientific innovation to create solutions for various industrial and consumer needs. Its offerings are designed for efficiency and performance across multiple sectors.

    Traditional conglomerates
    See in list
  2. Baldota Group

    Diversified conglomerate operating across multiple industries

    Traditional conglomerates
    See in list
  3. Core4 Engineers

    Provider of electrical contracting, engineering, and supply services. They offer services encompassing engineering, installation, testing, commissioning, and operations & maintenance. The company also supplies electrical components for commercial, industrial, residential, and utility sectors. Their offerings include various panels (PCC, APFC, MCC), Ring Main Units (RMU), Feeder Pillars, and Remote Terminal Units (RTU). They provide turnkey solutions and specialize in compact substations.

    Traditional conglomerates
    See in list
3 companies in Karnataka
The business behind the activity

Conglomerates financials in Karnataka

Revenue, profit and growth from the filed annual accounts of 15 conglomerates companies in Karnataka for FY24-25 — 18 of the 58 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 90% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹9,938.30 cr

15 companies filing accounts

combined net profit₹1,593.67 cr

16.0% aggregate margin

are profitable73%

11 of 15 companies

median revenue~₹220.5 cr

the typical company

median revenue growth+13%

into FY24-25

earned by the top five90%

revenue concentration

Six-year view

Combined revenue of filing companies

₹5,918.70 crFY19-2013 filers
₹5,440.54 crFY20-2114 filers
₹6,787.44 crFY21-2214 filers
₹7,713.97 crFY22-2315 filers
₹9,145.43 crFY23-2417 filers
₹9,938.30 crFY24-2515 filers

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

Like-for-like

The same 13 companies over three years

+29%
FY22-23₹7,663.82 cr₹780.88 cr net
FY23-24₹8,989.80 cr₹1,316.18 cr net
FY24-25₹9,904.66 cr₹1,589.69 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 cr30% profitable
₹1–10 cr10% profitable
₹10–100 cr2100% profitable
₹100–1,000 cr6100% profitable
Over ₹1,000 cr3100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking3
0–20%5
20–50%3
50–100%2
Doubled+1

14 companies with accounts for both years; median growth +13%.

Profitability

Profit is concentrated at the top

11profitable
4loss-making
16.0%aggregate margin
4.4%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
Triangulum Embedded Innovative SolutionsTRIANGULUM EMBEDDED INNOVATIVE SOLUTIONS PRIVATE LIMITED
PACE GROUPPACE ELECTRICALS PRIVATE LIMITED+43%₹125.41 cr
HombaleHOMBALE CONSTRUCTIONS AND ESTATES PRIVATE LIMITED+43%₹311.55 cr
Ankit AerospaceANKIT AEROSPACE PRIVATE LIMITED
Baldota GroupMSPL LIMITED+19%₹2,504.80 cr
VananamVANANAM VENTURES PRIVATE LIMITED+6%₹461.52 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Baldota GroupMSPL LIMITED35.9%₹2,504.80 cr
Landmark GroupCITYMAX HOTELS (INDIA) PRIVATE LIMITED27.2%₹252.06 cr
Ankit AerospaceANKIT AEROSPACE PRIVATE LIMITED
Velankani GroupVELANKANI INFORMATION SYSTEMS PRIVATE LIMITED13.0%₹220.55 cr
Core4 EngineersCORE4 ENGINEERS LIMITED
3M India3M INDIA LIMITED10.5%₹4,515.82 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Traditional conglomerates14₹9,626.75 cr~₹173.0 cr71%16.4%
Leaders

Largest conglomerates companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
3M India3M INDIA LIMITED₹4,515.82 cr₹476.07 cr10.5%+6%
Baldota GroupMSPL LIMITED₹2,504.80 cr₹898.13 cr35.9%+19%
NR GroupN. RANGA RAO & SONS PRIVATE LIMITED₹1,166.17 cr₹49.38 cr4.2%+4%
VananamVANANAM VENTURES PRIVATE LIMITED₹461.52 cr₹10.59 cr2.3%+6%
Ankit AerospaceANKIT AEROSPACE PRIVATE LIMITED
HombaleHOMBALE CONSTRUCTIONS AND ESTATES PRIVATE LIMITED₹311.55 cr₹13.74 cr4.4%+43%
Landmark GroupCITYMAX HOTELS (INDIA) PRIVATE LIMITED₹252.06 cr₹68.46 cr27.2%-6%
Velankani GroupVELANKANI INFORMATION SYSTEMS PRIVATE LIMITED₹220.55 cr₹28.68 cr13.0%+1%
PACE GROUPPACE ELECTRICALS PRIVATE LIMITED₹125.41 cr₹3.31 cr2.6%+43%
Core4 EngineersCORE4 ENGINEERS LIMITED
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

Conglomerates funding and M&A across India

22 recorded equity rounds have gone to 1,000 conglomerates companies in India — how much, at which stage, into which sub-sectors, from whom, and how Karnataka compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months1

US$1.93m

equity rounds, last 24 months3

US$38.45m

raised over five yearsUS$749.20m

5 rounds in India

M&A deals, India185

last 24 months

Capital by year

Equity funding into conglomerates in India

amount rounds
$31m20181
$161m20193
$10m20202
$478m20211
$233m20231
$36m20241
$2.5m20252

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$477.75m across 1 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$2.50m2 rounds · median US$1.25m
Series AUS$746.70m3 rounds · median US$233.00m
Where the money went · five years

Most-funded sub-sectors

Traditional conglomeratesUS$713.24m4 rounds · 2 companies
Waste & water managementUS$35.95m1 rounds · 1 companies
Corporate activity · last 24 months

M&A in India

167Acquisition
15Merger
2Takeover

Most active acquirers

  1. Adani enterprises25
  2. Itc23
  3. Vedanta20
  4. Tata electronics19
  5. VEDANTA GROUP13

Most acquired or merged

  1. Jaiprakash Associates14
  2. JAL5
  3. Jay Prakash Associates5
  4. Adani enterprises5
  5. Jaiprakash power ventures3

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

Founders and momentum in Karnataka

Meet the people behind conglomerates companies in Karnataka. 22 of 58 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Karnataka conglomerates companies by sub-sector

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

Keep exploring conglomerates in India and nearby markets.

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