Company lists
The Maharashtra edition · 2026

Conglomeratescompanies in Maharashtra

Diversified groups, industrial, financial, real estate, consumer & media and more: the companies building conglomerates in Maharashtra, with their founders, funding, team size and business models.

202 company profiles73 with reported revenue4 with recorded fundingSeptember 2026 edition
Maharashtra · 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: 190 Contracts · 189 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

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

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

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

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
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
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
FundingFresh equity

Tata electronics

The Tata Group has infused ₹1,500 crore in fresh equity into Tata Electronics, its flagship iPhone contract manufacturing subsidiary, as the conglomerate accelerates its push to become a…

Investors Tata group
Contract 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 · 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

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 · 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 Maharashtra, by revenue

Browse conglomerates 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 73 conglomerates 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

Diversified conglomerate operating across multiple industries

Traditional conglomerates
₹415,734.41 crFY 2022-23
Not reported
223-99% 12 mo to Aug 2024recorded Aug 2024
158 yr1868
1postings · last posted Aug 2026

Provider of engineering and automation solutions for multiple industries

Traditional conglomerates
₹225,270.94 crFY 2023-24
Not reported
45,939-11% 12 mo to Oct 2023recorded Oct 2023
80 yr1946
0none in 3 months

Diversified conglomerate operating across multiple industries

Traditional conglomerates
₹16,239.41 crFY 2023-24
Not reported
2,814-17% 12 mo to Sep 2023LinkedIn · Jul 2026
68 yr1958
0none in 3 months

Traditional conglomerate with a diverse business portfolio

Household durables
₹14,818.38 crFY 2022-23
Not reported
1,365-1% 12 mo to Nov 2023recorded Nov 2023
129 yr1897
0none in 3 months

Retail chain of premium lifestyle apparels

Retail chains
₹14,233.44 crFY 2023-24
Not reported
14,626-5% 12 mo to Mar 2024LinkedIn · Jul 2026
29 yr1997
0none in 3 months

Diversified conglomerate operating across multiple sectors

Traditional conglomerates
₹5,285.67 crFY 2022-23
Not reported
692+10% 12 mo to Jul 2024LinkedIn · Jul 2026
112 yr1914
0none in 3 months

Largest Bullion Dealers in India - RiddiSiddhi Bullions Limted

Traditional conglomerates
₹3,643.15 crFY 2022-23
Not reported
—Not available
36 yr1990
—No postings tracked

Manufacturer of cleantech powertrain solutions, generator sets, and farm equipment products

Manufacturing services
₹2,697.95 crFY 2023-24
Not reported
2,397-6% 12 mo to Sep 2024LinkedIn · Jul 2026
167 yr1859
2postings · last posted Sep 2026

Renewable energy company specializing in solar, wind, green fuels, and energy storage solutions

Traditional conglomerates
₹2,365.70 crFY 2024-25
Not reported
2,296+32% 12 mo to May 2024LinkedIn · Jul 2026
17 yr2009
0none in 3 months · last posted May 2026

Diversified conglomerates operates across multiple industries

Traditional conglomerates
₹1,786.42 crFY 2024-25
+11%2024–2025
—Not available
14 yr2012
0none in 3 months

Conglomerate of automotive, financial, and infrastructure businesses

Traditional conglomerates
₹1,751.83 crFY 2024-25
+8%2024–2025
407+10% 12 mo to Sep 2024recorded Sep 2024
15 yr2011
0none in 3 months

Manufacturer of engine system for automotive industry

Traditional conglomerates
₹1,563.17 crFY 2023-24
Not reported
628-13% 12 mo to Aug 2024LinkedIn · Jul 2026
44 yr1982
1postings · last posted Sep 2026

Diversified conglomerate operates across multiple industries

Traditional conglomerates
₹1,478.62 crFY 2022-23
Not reported
83,279+146% vs previous recordLinkedIn · Jul 2026
169 yr1857
0none in 3 months

Diversified conglomerates operates across multiple industries

Traditional conglomerates
₹1,183.25 crFY 2024-25
+3%2024–2025
289-22% 12 mo to Jun 2024LinkedIn · Jul 2026
24 yr2002
0none in 3 months

Manufacturer of yarn and textile chemicals with a focus on domestic market

Traditional conglomerates
₹986.88 crFY 2024-25
-2%2024–2025
275+942% vs previous recordLinkedIn · Jul 2026
41 yr1985
0none in 3 months

Developer of infrastructure, real estate, manufacturing facilities, and media content

Traditional conglomerates
₹944.72 crFY 2024-25
+111%2024–2025
257LinkedIn · Jul 2026
4 yr2022
0none in 3 months · last posted Feb 2026

Diversified conglomerates operates across multiple industries

Traditional conglomerates
₹663.24 crFY 2021-22
Not reported
—Not available
52 yr1974
—No postings tracked

Diversified conglomerate operating across multiple industries

Traditional conglomerates
₹696.06 crFY 2022-23
Not reported
175+18% 12 mo to Feb 2023LinkedIn · Jul 2026
63 yr1963
—No postings tracked

Provider of manufacturing businesses like steel & plastic processing, and spinning yarn

Traditional conglomerates
₹619.46 crFY 2022-23
Not reported
1,515-9% 12 mo to Jul 2024recorded Jul 2024
41 yr1985
—No postings tracked

Diversified conglomerate operating across textile manufacturing and energy sector

Traditional conglomerates
₹562.72 crFY 2021-22
Not reported
290+80% 12 mo to Aug 2023LinkedIn · Jul 2026
52 yr1974
0none in 3 months · last posted Mar 2026

Diversified conglomerate operating across multiple industries

Traditional conglomerates
₹563.41 crFY 2023-24
Not reported
59+26% 12 mo to Oct 2023recorded Oct 2023
35 yr1991
—No postings tracked

Manufacturer of PP/HDPE woven bags

Traditional conglomerates
₹481.78 crFY 2022-23
Not reported
15+15% 12 mo to Mar 2023recorded Mar 2023
42 yr1984
0none in 3 months

Diversified conglomerate operating across multiple industries

Traditional conglomerates
₹433.57 crFY 2021-22
Not reported
100,001recorded
20 yr2006
0none in 3 months · last posted May 2026

Provider of security solutions and services that specializes in developing and offering user-defined functions (UDFs) for various industries and applications

Traditional conglomerates
₹459.35 crFY 2023-24
Not reported
13,637+39% 12 mo to Sep 2024recorded Sep 2024
22 yr2004
0none in 3 months

Diversified conglomerates operates across multiple industries

Traditional conglomerates
₹457.82 crFY 2024-25
+11%2024–2025
125LinkedIn · Jul 2026
18 yr2008
0none in 3 months
50 of 202 companies shown here · the full list is on Radar
Fliar Radar

Explore all 202 conglomerates companies in Maharashtra on Radar

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

Open conglomerates in Maharashtra on Radar
  • Every company, not just 50All 202 conglomerates companies in Maharashtra, filterable by stage, funding, team size, revenue model and age.
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Explore conglomerates companies in Maharashtra by what you are looking for

Browse conglomerate companies in Maharashtra, including diversified industrial groups, financial conglomerates and family-owned business groups. You can also see top conglomerates in Maharashtra that are listed on the stock market.

8 ways to explore conglomerates in Maharashtra

Diversified conglomerates & business groupsIndustrial & manufacturing conglomeratesFinancial conglomerates & investment groupsReal estate & infrastructure groupsRetail, apparel, media & consumer groupsConglomerate startups in Maharashtra

Diversified conglomerates & business groups

Large diversified groups operating across many industries.

  1. Tata

    Diversified conglomerate operating across multiple industries

    Traditional conglomerates
    See in list
  2. Godrej

    Traditional conglomerate with a diverse business portfolio

    Household durables
    See in list
  3. RSBL

    Largest Bullion Dealers in India - RiddiSiddhi Bullions Limted

    Traditional conglomerates
    See in list
  4. Avaada Group

    Renewable energy company specializing in solar, wind, green fuels, and energy storage solutions

    Traditional conglomerates
    See in list
  5. Navnit Group

    Conglomerate of automotive, financial, and infrastructure businesses

    Traditional conglomerates
    See in list

Industrial & manufacturing conglomerates

Groups with manufacturing, engineering and industrial businesses.

  1. Greaves Cotton

    Manufacturer of cleantech powertrain solutions, generator sets, and farm equipment products

    Manufacturing services
    See in list
  2. Dodhia Group

    Manufacturer of yarn and textile chemicals with a focus on domestic market

    Traditional conglomerates
    See in list
  3. Sat Industries

    Manufacturer of PP/HDPE woven bags

    Traditional conglomerates
    See in list
  4. Lumens India

    Manufacturer of LED lighting, modular furniture, and electrical control panels. This company designs and manufactures a variety of products, including LED luminaries, office furniture, and low-voltage electrical control panels. They also produce sheet metal components for various applications. The company has a history in lighting manufacturing and has expanded into complementary product lines. Manufacturing processes incorporate advanced technology and quality control measures.

    Manufacturing services
    Website
  5. HHCL

    Diversified conglomerate operating across multiple industries

    Manufacturing services
    Website

Financial conglomerates & investment groups

Groups with financial services, asset management and private equity arms.

  1. Aavishkaar Group

    Provider of financial services

    Microfinance
    See in list
  2. ABFSG

    Provider of financial services

    Traditional conglomerates
    Website
  3. Ashok Goel Trust

    Private family trust with multiple investments and operating businesses

    Traditional conglomerates
    Website
  4. CITOC

    Provider of strategic investment and IT services for businesses

    Traditional conglomerates
    Website
  5. Abans Group

    Diversified conglomerate operating across multiple industries

    Asset management
    Website

Real estate & infrastructure groups

Groups developing real estate, infrastructure and construction projects.

  1. Avaada Group

    Renewable energy company specializing in solar, wind, green fuels, and energy storage solutions

    Traditional conglomerates
    See in list
  2. GeeCee Ventures

    Developer of residential and commercial properties, providing contemporary living and workspaces

    Traditional conglomerates
    See in list
  3. Global Group

    Provider of industrial construction and real estate development services. This includes industrial park development, built-to-suit lease options, land acquisition solutions, project management, and warehouse logistics. They offer a full lifecycle approach, assisting clients from land acquisition to the completion of finished facilities. Services cater to various sectors, including industrial, IT/SEZ, and commercial clients. The firm's expertise lies in aligning client needs with efficient resource allocation and cost-effective solutions. A focus on safety, integrity, and quality underpins all

    Traditional conglomerates
    Website
  4. Godavari Biorefineries

    Diversified conglomerates operates across multiple industries

    Traditional conglomerates
    Website
  5. Aakshya Infra Projects

    Developer of infrastructure, real estate, manufacturing facilities, and media content

    Traditional conglomerates
    See in list

Retail, apparel, media & consumer groups

Groups with retail chains, fashion brands, media and consumer businesses.

  1. ABFRL

    Retail chain of premium lifestyle apparels

    Retail chains
    See in list
  2. KS Cheema

    Operator of automobile dealerships, mining operations, and real estate ventures

    Auto retail & aftersales
    See in list
  3. Suumaya

    Provider of freight forwarding & logistics services

    Traditional conglomerates
    Website
  4. Agarwal Pune

    Wholesaler of steel drums and barrels for packaging goods

    Traditional conglomerates
    See in list
  5. Carbontree

    Provider of pharmaceutical products, health technology, electric vehicles, and film production

    Traditional conglomerates
    Website

Conglomerate startups in Maharashtra

Recently founded conglomerate and holding groups.

  1. Aakshya Infra Projects

    Developer of infrastructure, real estate, manufacturing facilities, and media content

    Traditional conglomerates
    See in list
  2. DGCorp

    Provider of alkaline water, electric mobility, and real estate solutions

    Traditional conglomerates
    Website
  3. Kgil Group

    Diversified infrastructure and real estate company that specializes in developing spaces and providing financial services, including fintech solutions, securities, and real estate development

    Traditional conglomerates
    Website
  4. AEIPL

    Diversified conglomerates operates across multiple industries

    Traditional conglomerates
    Website
  5. Shingar Group

    Provider of lifestyle solutions encompassing hospitality, logistics, and farming

    Traditional conglomerates
    Website
5 companies in Maharashtra

Listed conglomerates in Maharashtra

Publicly listed conglomerate companies.

  1. APAR

    Diversified conglomerate operating across multiple industries

    Traditional conglomerates
    See in list
  2. ABFRL

    Retail chain of premium lifestyle apparels

    Retail chains
    See in list
  3. Greaves Cotton

    Manufacturer of cleantech powertrain solutions, generator sets, and farm equipment products

    Manufacturing services
    See in list
  4. Alicon Group

    Manufacturer of engine system for automotive industry

    Traditional conglomerates
    See in list
  5. Jai Corp

    Provider of manufacturing businesses like steel & plastic processing, and spinning yarn

    Traditional conglomerates
    See in list
14 companies in Maharashtra

Conglomerates hiring in Maharashtra

Conglomerates with open roles.

  1. Tata

    Diversified conglomerate operating across multiple industries

    Traditional conglomerates
    See in list
  2. Greaves Cotton

    Manufacturer of cleantech powertrain solutions, generator sets, and farm equipment products

    Manufacturing services
    See in list
  3. Avaada Group

    Renewable energy company specializing in solar, wind, green fuels, and energy storage solutions

    Traditional conglomerates
    See in list
  4. Alicon Group

    Manufacturer of engine system for automotive industry

    Traditional conglomerates
    See in list
  5. Aakshya Infra Projects

    Developer of infrastructure, real estate, manufacturing facilities, and media content

    Traditional conglomerates
    See in list
7 companies in Maharashtra
Mobile reach

Top 9 conglomerates apps from Maharashtra

The most-installed Android apps published by conglomerates companies headquartered in Maharashtra — 397K installs between them. 9 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 9
1

SeeThru

by Godrej

Installs158K
Rating4.0614 ratings
Last updatedNov 2025
View on Google Play ↗
SeeThru screenshot 1SeeThru screenshot 2SeeThru screenshot 3SeeThru screenshot 4SeeThru screenshot 5SeeThru screenshot 6
2

APAR E-Power (For Electrician)

by APAR

Installs131K
Rating—
Last updatedDec 2025
View on Google Play ↗
APAR E-Power (For Electrician) screenshot 1APAR E-Power (For Electrician) screenshot 2APAR E-Power (For Electrician) screenshot 3
3

Poornata

by Aditya Birla

Installs63K
Rating—
Last updatedMay 2026
View on Google Play ↗
Poornata screenshot 1Poornata screenshot 2Poornata screenshot 3Poornata screenshot 4Poornata screenshot 5Poornata screenshot 6
4

myWIKA device

by WIKA

Installs15K
Rating—
Last updatedAug 2024
View on Google Play ↗
myWIKA device screenshot 1myWIKA device screenshot 2myWIKA device screenshot 3myWIKA device screenshot 4myWIKA device screenshot 5myWIKA device screenshot 6
7

OneRPG

by RPG

Installs2K
Rating—
Last updatedMay 2026
View on Google Play ↗
OneRPG screenshot 1OneRPG screenshot 2OneRPG screenshot 3
9

eQC

by L&T

Installs176
Rating—
Last updatedAug 2025
View on Google Play ↗
eQC screenshot 1eQC screenshot 2eQC screenshot 3eQC screenshot 4eQC screenshot 5eQC screenshot 6
The business behind the activity

Conglomerates financials in Maharashtra

Revenue, profit and growth from the filed annual accounts of 61 conglomerates companies in Maharashtra for FY24-25 — 79 of the 202 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 65% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹45,373.49 cr

61 companies filing accounts

combined net profit₹772.40 cr

1.7% aggregate margin

are profitable80%

49 of 61 companies

median revenue~₹84.6 cr

the typical company

median revenue growth+9%

into FY24-25

earned by the top five65%

revenue concentration

Six-year view

Combined revenue of filing companies

₹12,406.18 crFY19-2060 filers
₹13,958.59 crFY20-2164 filers
₹19,957.28 crFY21-2264 filers
₹19,359.07 crFY22-2360 filers
₹164,600.69 crFY23-2467 filers
₹45,373.49 crFY24-2561 filers

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

Like-for-like

The same 53 companies over three years

+86%
FY22-23₹18,976.99 cr₹755.25 cr net
FY23-24₹23,511.09 cr₹1,014.87 cr net
FY24-25₹35,343.68 cr₹774.62 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 cr333% profitable
₹1–10 cr875% profitable
₹10–100 cr2181% profitable
₹100–1,000 cr2095% profitable
Over ₹1,000 cr967% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking23
0–20%22
20–50%8
50–100%3
Doubled+4

60 companies with accounts for both years; median growth +9%.

Profitability

Profit is concentrated at the top

49profitable
12loss-making
1.7%aggregate margin
2.6%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
Somaiya GroupSOMAIYA AGENCIES PRIVATE LIMITED+250%₹23.34 cr
Vikram Tele InfraVIKRAM TELEINFRA PRIVATE LIMITED+162%₹25.09 cr
RSBLRIDDISIDDHI BULLIONS LIMITED+149%₹18,050.82 cr
Aakshya Infra ProjectsAAKSHYA INFRA PROJECTS PRIVATE LIMITED+111%₹943.42 cr
Sonai InfrastructureSONAI INFRASTRUCTURE PRIVATE LIMITED
Ankit ImpexANKIT IMPEX MARKETING SERVICES PRIVATE LIMITED₹37.10 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Somaiya GroupSOMAIYA AGENCIES PRIVATE LIMITED59.2%₹23.34 cr
Modern IndiaMODERN INDIA LIMITED58.2%₹413.16 cr
GeeCee VenturesGEECEE VENTURES LIMITED
RPGR P G ENTERPRISES LIMITED30.4%₹91.89 cr
Agarwal PuneAGARWAL PACKAGING PRIVATE LIMITED
CITOCCITOC VENTURES PRIVATE LIMITED24.8%₹35.78 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Traditional conglomerates56₹37,344.55 cr~₹80.4 cr80%1.9%
Leaders

Largest conglomerates companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
RSBLRIDDISIDDHI BULLIONS LIMITED₹18,050.82 cr₹51.50 cr0.3%+149%
ABFRLADITYA BIRLA FASHION AND RETAIL LIMITED₹5,807.07 cr−₹127.53 cr-2.2%+9%
Greaves CottonGREAVES COTTON LIMITED₹2,027.40 cr₹185.87 cr9.2%+12%
Godavari BiorefineriesGodavari Biorefineries Limited₹1,869.21 cr−₹2.67 cr-0.1%
Avaada GroupAVAADA ENERGY PRIVATE LIMITED₹1,863.41 cr₹344.07 cr18.5%+15%
R R InnovativeR.R.INNOVATIVE PRIVATE LIMITED₹1,762.69 cr₹21.10 cr1.2%+12%
Navnit GroupNAVNIT MOTORS PRIVATE LIMITED₹1,739.80 cr₹39.94 cr2.3%+8%
Alicon GroupALICON CASTALLOY LIMITED₹1,529.36 cr₹37.94 cr2.5%+10%
Ghodawat ConsumerGhodawat Consumer Limited₹1,146.62 cr−₹5.24 cr-0.5%+4%
Dodhia GroupDodhia Synthetics Limited₹949.13 cr₹24.47 cr2.6%-3%
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 Maharashtra 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, India189

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

171Acquisition
15Merger
2Takeover

Most active acquirers

  1. Adani enterprises25
  2. Itc23
  3. Vedanta21
  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.

Conglomerates funding in Maharashtra

4 conglomerates companies in Maharashtra have recorded equity funding, US$956.78m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Maharashtra

Meet the people behind conglomerates companies in Maharashtra. 77 of 202 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Maharashtra conglomerates companies by sub-sector

The most common specialisations among conglomerates companies in Maharashtra. 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.

Coming soon