Best Conglomerates Companies in Maharashtra, India
The 167 best Conglomerates companies in Maharashtra, India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Future Group.
Ranked: Best Conglomerates companies in Maharashtra
| # | Company | Revenue | Disclosed funding | Employees | Founded | Founder | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Larsen Toubro Provider of engineering and automation solutions for multiple industries | $30.7B FY2025 | — | 45,939 | 1946 | Seema Ambastha CEO | SalesforceWindows ServerGoogle Maps+20 | 276 patents Automation and tooling for heavy manufacturing, rail infrastructure, solar installation, and tire production. | — |
| 2 | Mahindra 🦄 Diversified conglomerate operating across multiple industries | $19.1B FY2025 | — | 22,275 | 1945 | Rajesh Jejurikar CEO | DrupalPHPSalesforce+28 | 367 patents Automotive powertrain and electric vehicle systems, including charging, battery swapping, and control | 1 partnership |
| 3 | ABFSG Provider of financial services | $4.8B FY2025 | — | — | 2007 | Vishakha Mulye CEO | — | — | — |
| 4 | Shapoorji Pallonji Provider of engineering, construction, infrastructure, real estate, water, energy, and financial services | $4.2B FY2024 | — | 6,920 | 1865 | Mohan Saini CEO | PHPCentOSOpenSSL+10 | — | — |
| 5 | Welspun Manufacturer of pipes, plates & coils, flooring solutions, and home textile products | $1.3B FY2025 | $544M | 1,132 | 1985 | Balkrishan Goenka Founder & Chairman | Apple iCloud MailMicrosoft 365PHP+19 | 146 patents Engineered woven/non-woven textile structures and fiber supply‑chain tracking technologies. | — |
| 6 | ABFRL Retail chain of premium lifestyle apparels | $893M FY2025 | — | 26,965 26,965 → 14,626 (-46%) | 1997 | Sangeeta Pendurkar Co-CEO | WordPressMySQLPHP+19 | — | — |
| 7 | Hinduja Group Diversified conglomerate operating across multiple sectors | $666M FY2025 | — | 101 | 1914 | — | Windows ServerYouTubeMicrosoft ASP.NET+17 | 3 patents AI-driven automated asset valuation and appraisal software solutions | — |
| 8 | Avaada Group 🦄 Renewable energy company specializing in solar, wind, green fuels, and energy storage solutions | $280M FY2025 | $879M | 413 | 2009 | Vineet Mittal Founder | WordPressMySQLPHP+24 | — | — |
| 9 | Godavari Biorefineries Manufacturer of bio-based chemicals, sugar, alcohol, biofuels, power, and related products | $223M FY2025 | $15M | 52 | 1939 | — | DrupalMicrosoft WordPHP+11 | 146 patents Bio-based chemical production (ethanol, 1,3‑butanediol) and anticancer pharmaceutical compounds | — |
| 10 | Aditya Birla A diversified conglomerate group company operating across multiple industries | $218M FY2025 | — | 935 | 1857 | Asutosh Nayak Chief Executive Officer | WordPressApple iCloud MailMicrosoft 365+25 | 235 patents High-purity alumina production and lyocell filament/ fiber manufacturing processes. | — |
| 11 | Alicon Group Manufacturer of engine system for automotive industry | $204M FY2025 | — | 167 | 1982 | Rajeev Sikand CEO | WordPressMySQLPHP+15 | — | — |
| 12 | Creative Group Diversified conglomerate operating across textile manufacturing and energy sector | $76M FY2025 | $1M | 598 | 1974 | — | PleskAnimate.cssBootstrap+15 | — | 1 award |
| 13 | Sekhmet Pharmaventures Provider of acquiring and growing active pharmaceutical ingredient and related businesses | $51M FY2023 | — | 11 | 2020 | Anil Khubchandani CEO | WordPressMySQLPHP+12 | — | 2 job openings · 2 awards |
| 14 | House of Patels Provider of logistics, construction, real estate, and facilities management services 42Moat top 32%Fin. health top 46%Market top 49%Growth top 49% All 7 signals ▾Moattop 32% Fin. healthtop 46% Markettop 49% Growthtop 49% Talentbottom 49% Fundingbottom 43% Globalbottom 37% Moat: Top 22% by revenue among 800 tracked Traditional Conglomerates companies · Editorial + unicorn rating 4/10 Fin. health: Revenue ~$40.9M (FY2023) · Net margin 2.2% rank vs industry peers · Fliar Intelligence Index 42/100 | $41M FY2025 | $3M | 256 | 1959 | Asgar Patel Founder & Chairman | — | — | — |
| 15 | People Group A tech conglomerate offering digital solutions for diversified industry markets | $39M FY2023 | — | — | 1996 | Anupam Mittal Co-Founder & CEO | BootstrapSlickjQuery+6 | — | — |
| 16 | V-Group Diversified conglomerates operates across multiple industries | $28M FY2025 | $3M | 828 | 1952 | Swati Jajodia CEO | — | — | — |
| 17 | Aavishkaar Group Provider of financial services | $16M FY2025 | $57M | — | 2001 | Vineet Rai Founder | WordPressMySQLPHP+17 | — | — |
| 18 | Abnco Group ABNCO Group is a construction company engaged in the construction of residential, commercial, educational… | $16M FY2024 | — | — | 1997 | Natwar Agrawal Co-Founder | WordPressMySQLPHP+22 | — | — |
| 19 | BDS Company with diverse business interests, offering structural repair solutions and reinforcement systems | $9M FY2022 | — | 241 | 1857 | — | BootstrapApache HTTP ServerFancyBox+7 | — | — |
| 20 | Black Rose Exports Diversified conglomerates operates across multiple industries | $7M FY2022 | — | 71 | 2000 | — | — | — | — |
| 21 | Indiabulls Group conglomerate | $7M FY2024 | $116M | 323 | 2000 | Sameer Gehlaut Founder & Chairman | Google MapsAnimate.cssZURB Foundation+17 | — | — |
| 22 | Future Group Retailer of multi-format offline | $6M FY2024 | $3.4B | 32 | 1997 | Kishore Biyani Founder & CEO | — | — | — |
| 23 | Agarwal Pune Wholesaler of steel drums and barrels for packaging goods | $5M FY2025 | — | — | 1986 | Aakash Gupta | BootstrapLiteSpeedGoogle Font API+6 | — | — |
| 24 | Abhi Group Of Companies Diversified conglomerate operating across multiple industries | $5M FY2025 | — | — | 2007 | Abhishek Joshi CEO | Google MapsBootstrapApache HTTP Server+10 | — | — |
| 25 | Baikakaji Diversified conglomerates operates across multiple industries | $5M FY2022 | — | 69 | 2000 | — | WordPressMySQLPHP+17 | — | — |
| 26 | Somaiya Group Manufacturer of biofuels and specialty chemicals | $3M FY2025 | $15M | 420 420 → 546 (+30%) | 2009 | — | Adobe Experience ManagerJavaPHP+14 | — | — |
| 27 | Ashika Group Traditional conglomerate focused on providing financial services | $2M FY2024 | — | 129 | 1994 | Vatsal Jain Co-Founder | ZohoWindows ServerMicrosoft ASP.NET+14 | — | 2 expansions |
| 28 | Allstate Diversified conglomerate offering engineering, manufacturing, and financial services | $954K FY2025 | — | — | 1958 | Suhas Gawande CEO & COO | WordPressMySQLPHP+10 | 84 patents Patents concentrated in electrical & electronics | — |
| 29 | Astarc Group Diversified conglomerates operates across multiple industries | $569K FY2017 | $54M | — | 1987 | Kishore Musale Founder & Chairman | WordPressMySQLPHP+20 | — | — |
Top 12 Conglomerates companies in Maharashtra
#1
Series A · Mumbai, Maharashtra · founded 2009 · 413 employees$879.4Mraised▾
Renewable energy company specializing in solar, wind, green fuels, and energy storage solutions. It develops renewable energy projects, manufactures solar PV modules, and offers solutions for pumped hydro and battery energy storage. The company is also involved in the production of green fuels like green ammonia, green methanol, and sustainable aviation fuel.
- May 2024Conventional Debt$535M
- Jun 2023Series A$233M
- Jul 2021Series A$477.7M
- Oct 2020Series A$10M
#2
Series B · Mumbai, Maharashtra · founded 1997 · 32 employees$3.4Braised▾
Retailer of multi-format offline. It connect a diverse and passionate community of Indian buyers, sellers and businesses. It has hypermarkets business operated by Future Retail Limited, an integrated lifestyle fashion business operated by Future Lifestyle Fashion Limited, an FMCG and food distribution business operated by the company and infrastructure and backend services.
#3
Late Stage · Mumbai, Maharashtra · founded 1985 · 1132 employees$544.4Mraised▾
Manufacturer of pipes, plates & coils, flooring solutions, and home textile products. It caters to industries such as oil & gas, textile, energy, and retail sectors. Its product offerings include textiles, TMT rebars as well as ingots, billets, blooms and rolled bars in rounds, round corner squares & seamless pipes & tubes.
#4
Public · Mumbai, Maharashtra · founded 2000 · 323 employees$116.1Mraised▾
Indiabulls is a conglomerate. It provides services like securities, consumer finance, mortgages, real estate, housing finance, mortgage loans, pharmaceutical, financial advisor to individuals & corporates. In 2018, the company recorded annual revenues of $2.5B, and a net profit of $601M.
- Jan 2018Conventional Debt$41.7M
- Jul 2016Conventional Debt$3M
- Sep 2015Post IPO$60.2M
- Jul 2015Post IPO$84.6M
#5
Series B · Mumbai, Maharashtra · founded 2001$57.2Mraised▾
Provider of financial services
- Mar 2019Angel$2.2M
- Nov 2018Series B$30.9M
- Oct 2016Series A$24M
- Dec 2015Seed$118.5K
#6
Late Stage · Mumbai, Maharashtra · founded 1987$53.8Mraised▾
Diversified conglomerates operates across multiple industries. Their business verticals including printing, imaging, infrastructure, automobile, electronic, agriculture, agro processing and venture investments. It also provides surface augmentation solutions to automotive, consumer durables and appliances industries.
#7
Public · Mumbai, Maharashtra · founded 1939 · 52 employees$15Mraised▾
Manufacturer of bio-based chemicals, sugar, alcohol, biofuels, power, and related products. It utilizes sugarcane as the primary feedstock, engaging in research and innovation to develop new products and enter new markets. The company's research focuses on sustainable farming, biomass transformation, product development, and process optimization. It produces a diversified portfolio including bio-based chemicals, sugar, rectified spirits, ethanol, and power. The company offers products across industries like adhesives and lubricants, biofuels, electronics, flavors, food and beverage, and pharmaceuticals.
#8
Late Stage · Mumbai, Maharashtra · founded 2009 · 420 employees$15Mraised▾
Manufacturer of biofuels and specialty chemicals
- May 2015PE$15M
#9
Early Stage · Mumbai, Maharashtra · founded 1952 · 828 employees$3.4Mraised▾
V Group Inc. is a business solutions provider operating in multiple sectors, including e-commerce, digital development, and enterprise software solutions. The company offers tailored solutions to clients, catering to their specific needs in areas such as software development, digital marketing, and more. With a global presence, V Group Inc. provides innovative solutions to businesses, enabling them to stay competitive in today's fast-paced market.
#10
Late Stage · Mumbai, Maharashtra · founded 1959 · 256 employees$3Mraised▾
Provider of logistics, construction, real estate, and facilities management services. This group offers a diverse portfolio encompassing the entire supply chain management, from transportation and warehousing to construction and real estate development. They also provide security and facilities management solutions for various clients. Their services are integrated to offer comprehensive solutions across multiple sectors. The group's expertise spans planning, execution, and maintenance across these diverse areas.
#11
Early Stage · Mumbai, Maharashtra · founded 1974 · 598 employees$1.1Mraised▾
Diversified conglomerate operating across textile manufacturing and energy sector
#12
Funding Raised · Mumbai, Maharashtra · founded 1865 · 6920 employees—raised▾
Provider of engineering, construction, infrastructure, real estate, water, energy, and financial services. The company delivers end-to-end solutions across multiple sectors. It constructs megastructures, develops multifaceted landmarks, and drives technologies in water management, renewable energy, oil and gas, and power. The company focuses on good governance and sustainable development.
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Conglomerates coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
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.