Radar · Contract Manufacturers in Maharashtra
Best Contract Manufacturers Companies in Maharashtra, India
The 157 best Contract Manufacturers companies in Maharashtra, India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Alok Industries.
By Riya SenguptaFinancials
157companies tracked
$377.3Mdisclosed funding
0unicorns
14have raised
Ranked: Best Contract Manufacturers companies in Maharashtra
| # | Company | Revenue | Disclosed funding | Employees | Founded | Founder | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | PDS Contract manufacturer of garments 82Fin. health top 18%Funding top 23%Market top 29%Moat top 34% All 9 signals ▾Fin. healthtop 18% Fundingtop 23% Markettop 29% Moattop 34% Growthtop 40% Techtop 42% Newstop 47% Talentbottom 48% Globalbottom 30% Fin. health: Revenue ~$1.5B (FY2024) · Net margin 16.0% Funding: Raised $51.2M across 1 rounds · 1 rounds over 2 yrs (0.5/yr) rank vs industry peers · Fliar Intelligence Index 82/100 | $1.5B FY2025 | $51M | 162 | 1999 | Deepak Seth Founder & Chairman | WordPressApple iCloud MailMicrosoft 365+28 | — |
| 2 | Dharmanandan Diamonds Natural diamond manufacturing and designing services | $490M FY2025 | — | — | 1977 | Gopika Patel Co-Founder | TypeScriptWindows Serverparticles.js+18 | — |
| 3 | Alok Industries Manufacturer of textiles 69Innovation top 9%Talent top 23%Market top 24%Moat top 24% All 11 signals ▾Innovationtop 9% Talenttop 23% Markettop 24% Moattop 24% Producttop 26% Fundingtop 27% Newstop 31% Fin. healthbottom 49% Techbottom 33% Growthbottom 32% Globalbottom 32% Innovation: 8 new-product events in 24 mo Talent: 6 named leaders on record · 6 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 69/100 | $452M FY2025 | $129M | 4,019 4,019 → 3,635 (-10%) · sector median -21% | 1986 | Sapan Mukerjee Co-CEO | BootstrapSwiperjQuery+4 | — |
| 4 | HFL Manufacturer of convenience foods and personal care products 62Market top 26%Fin. health top 27%Moat top 29%Funding top 34% All 9 signals ▾Markettop 26% Fin. healthtop 27% Moattop 29% Fundingtop 34% Growthtop 36% Newstop 38% Talentbottom 49% Globalbottom 37% Techbottom 16% Market: 764 employees (top 8% of Industrial Goods and Manufacturing) · Revenue ~$423M Fin. health: Revenue ~$423M (FY2019) · Net margin 3.8% rank vs industry peers · Fliar Intelligence Index 62/100 | $423M FY2025 | $23M | 764 | 1984 | Sameer Kothari CEO | PHPBootstrapGSAP+6 | — |
| 5 | VVF Manufactures consumer goods and processed food products 78Market top 17%Fin. health top 18%Innovation top 20%Talent top 23% All 11 signals ▾Markettop 17% Fin. healthtop 18% Innovationtop 20% Talenttop 23% Moattop 29% Producttop 30% Fundingtop 42% Growthtop 49% Globalbottom 37% Newsbottom 27% Techbottom 15% Market: 535 employees (top 11% of Industrial Goods and Manufacturing) · Revenue ~$326M Fin. health: Revenue ~$326M (FY2021) · Net margin 50.7% rank vs industry peers · Fliar Intelligence Index 78/100 | $326M FY2025 | $41M | 535 | 2010 | Faraz Godrej Joshi Co-Founder | — | — |
| 6 | Ankit Gems Contract manufacturer of diamonds | $285M FY2025 | — | — | 1985 | Dilip Shah Co-Founder | PHPBootstrapGSAP+10 | — |
| 7 | Alkyl Amines Chemicals Manufacturer of aliphatic amines, amine derivatives, and specialty chemicals for industry | $189M FY2025 | — | 706 | 1979 | — | WordPressPleskMySQL+19 | — |
| 8 | Betul Oil Contract manufacturer of sunflower oil | $170M FY2025 | — | 204 | 1981 | Manish Bothra CEO | WordPressMySQLPHP+19 | — |
| 9 | Donear Contract manufacturer of fabric materials | $109M FY2025 | — | 997 | 1977 | Rajendra Agarwal CEO & MD | BootstrapApache HTTP ServerFont Awesome+9 | — |
| 10 | Associate Decor Provider of timber and panel products | $64M FY2015 | — | 175 | 2010 | Shree Rudra Co-Founder | DrupalPHPAmazon ALB+10 | — |
| 11 | BTPL Contract manufacturer of fabrics and garments 32Funding top 31%Moat top 31%Market top 32%Talent bottom 49% All 9 signals ▾Fundingtop 31% Moattop 31% Markettop 32% Talentbottom 49% Newsbottom 47% Fin. healthbottom 40% Globalbottom 37% Growthbottom 23% Techbottom 21% Funding: Raised $43.6M across 2 rounds · 2 rounds over 5 yrs (0.4/yr) Moat: Top 12% by revenue among 664 tracked Contract Manufacturers companies · Editorial + unicorn rating 4/10 rank vs industry peers · Fliar Intelligence Index 32/100 | $44M FY2025 | $44M | 1,499 | 2020 | Prashant Agarwal Managing Director | Apache HTTP ServerOWL CarouseljQuery+3 | 1 expansion |
| 12 | SAAM Textiles Contract manufacturer and supplier of textile and garment products | $38M FY2025 | $214K | 69 | 2001 | Archana Bhargava Co-Founder | WordPress Block EditorElementorWordPress+26 | — |
| 13 | Brandworks Technologies Provider of electronics manufacturing services 80Innovation top 20%Growth top 23%Talent top 28%Fin. health top 31% All 10 signals ▾Innovationtop 20% Growthtop 23% Talenttop 28% Fin. healthtop 31% Fundingtop 33% Producttop 36% Markettop 40% Moattop 41% Techbottom 43% Globalbottom 32% Innovation: 9 product lines Growth: Headcount 98 → 157 (+60%) across vintages · Revenue +43% YoY rank vs industry peers · Fliar Intelligence Index 80/100 | $31M FY2025 | $11M | 157 157 → 248 (+58%) · sector median -21% | 2017 | Sameer Jain Co-Founder | PHPLaraveltoastr+15 | — |
| 14 | Abhishri Packaging Contract manufacturer of luggage | $28M FY2025 | — | 2 | 2004 | — | BootstrapLiteSpeedIsotope+7 | — |
| 15 | Dipu Enterprises Garment manufacturing company that serves prestigious retail giants, offering a range of affordable yet… | $25M FY2025 | — | — | 1980 | Karsandas Kotecha Co-Founder | — | — |
| 16 | Cheryl Laboratories Manufacturer beauty & personal care products | $24M FY2025 | — | 25 | 1987 | Dinesh Thakkar CEO | WordPressMySQLPHP+15 | — |
| 17 | Cupid Contract manufacturer of male & female condoms | $24M FY2025 | — | 211 211 → 157 (-26%) · sector median -21% | 1993 | — | Cart FunctionalityWordPressMySQL+23 | 1 award |
| 18 | Ashvira Group Contract manufacturer of textiles | $23M FY2025 | — | — | 1992 | Ramesh Gupta Founder | WebflowGSAPLenis+12 | — |
| 19 | Uniclan Manufacturer of hygiene products 50Moat top 42%Tech top 43%Fin. health top 43%Market top 44% All 8 signals ▾Moattop 42% Techtop 43% Fin. healthtop 43% Markettop 44% Growthtop 47% Fundingbottom 46% Globalbottom 32% Newsbottom 18% Moat: Top 23% by revenue among 664 tracked Contract Manufacturers companies · Editorial + unicorn rating 1/10 Tech: 34 technologies across 4/8 capability areas · Cloud: Cloudflare rank vs industry peers · Fliar Intelligence Index 50/100 | $20M FY2025 | $3M | 129 129 → 134 (+4%) · sector median -21% | 2015 | — | WordPress Block EditorwpBakeryWordPress+29 | — |
| 20 | Birla Century Contract manufacturer of textiles | $14M FY2025 | — | 2,500 | 1897 | — | — | — |
| 21 | ALLWIPES Manufacturer, research, and development of skin care & beauty products | $14M FY2025 | — | 4 | 2011 | Paresh Goti Founder & CEO | — | — |
| 22 | Aquila Organics Contract manufacturer of fragrances and aroma chemicals | $13M FY2025 | — | 143 143 → 92 (-36%) · sector median -21% | 2012 | Girish Vaze Founder & Managing Director | JoomlaPHPHelix Ultimate+17 | — |
| 23 | Auchtel Contract based manufacturer of ion exchange resins and chemical products | $13M FY2025 | — | — | 1965 | Deepa Tandon Director | Master SliderPleskWindows Server+10 | — |
| 24 | ASM Industries Contract manufacturer of fabrics, linens, covers, suiting garments, clothing materials, and home decor items | $12M FY2025 | — | 48 | 1978 | — | — | — |
| 25 | Suditi Industries Manufacturer of fabrics 62Product top 14%Innovation top 20%Funding top 31%Fin. health top 36% All 9 signals ▾Producttop 14% Innovationtop 20% Fundingtop 31% Fin. healthtop 36% Markettop 43% Growthtop 49% Globalbottom 34% Techbottom 33% Newsbottom 20% Product: 7 distinct product lines · Company stage: Public Innovation: 7 product lines rank vs industry peers · Fliar Intelligence Index 62/100 | $12M FY2025 | $7M | 175 | 1991 | — | Master SliderWordPressMySQL+20 | 1 expansion |
| 26 | Anuspa Heritage Products Manufacturer of natural soaps | $10M FY2025 | — | 58 | 1995 | Rakesh Bansal Founder & Managing Director | WordPressMySQLPHP+30 | — |
| 27 | casablancaindia Contract manufacturer of apparels | $8M FY2025 | — | 25 25 → 21 (-16%) · sector median -21% | 1993 | — | WordPressMySQLPHP+29 | — |
| 28 | Arrow Textiles Manufacturer of industrial boiler systems and flue gas cleaning equipment | $6M FY2019 | — | 21 | 1983 | Chand Arora CEO & MD | — | — |
| 29 | Chanakya Creator of luxury textiles and embroidery, preserving India's heritage | $4M FY2021 | — | 76 | 2005 | Vinod Shah Founder | BootstrapGoogle Font APITypekit+6 | — |
| 30 | Inventys Custom based manufacturer of actives, crop protection, advanced intermediates, and specialty chemicals 42Innovation top 20%Product top 36%Talent top 38%Tech top 39% All 11 signals ▾Innovationtop 20% Producttop 36% Talenttop 38% Techtop 39% Moattop 42% Fundingtop 48% Marketbottom 42% Growthbottom 42% Globalbottom 32% Newsbottom 27% Fin. healthbottom 18% Innovation: 10 product lines Product: 10 distinct product lines · Company stage: Series A rank vs industry peers · Fliar Intelligence Index 42/100 | $4M FY2025 | $64M | 197 | 2005 | Raghavan Srinivasan Co-Founder & Director | WordPressMySQLPHP+30 | — |
| 31 | Bizcraft Contract manufacturer of garments | $3M FY2025 | — | 12 | 2016 | — | — | — |
| 32 | Cossmic Brand of personal & home care products | $3M FY2025 | — | — | 2011 | Reetesh Dhingra CEO | BootstrapAmazon Web ServicesCloudflare+8 | 1 launch |
| 33 | Distil Manufacturer of specialty chemicals 53Growth top 12%Talent top 38%Funding top 39%Fin. health bottom 49% All 8 signals ▾Growthtop 12% Talenttop 38% Fundingtop 39% Fin. healthbottom 49% Globalbottom 39% Techbottom 36% Moatbottom 35% Marketbottom 33% Growth: Revenue +101795% YoY · Fresh capital in last 24 mo Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 53/100 | $2M FY2025 | $3M | — | 2023 | Atanuu Agarrwal Co-Founder & CEO | WebflowSwiperjQuery+7 | 1 job opening |
| 34 | EETEE Contract manufacturer of apparel and fabric | $2M FY2025 | — | 29 29 → 21 (-28%) · sector median -21% | 2012 | — | — | — |
| 35 | Armstrong Products Contract based manufacturer & retailer of garments, foot wear, and safety gear products | $2M FY2025 | — | — | 2009 | — | WordPressMySQLPHP+27 | — |
| 36 | Atmosphere Online retail platform offering multi-category furniture 35Growth top 37%Tech bottom 49%Talent bottom 49%Fin. health bottom 44% All 9 signals ▾Growthtop 37% Techbottom 49% Talentbottom 49% Fin. healthbottom 44% Moatbottom 44% Fundingbottom 39% Globalbottom 37% Marketbottom 35% Newsbottom 21% Growth: Headcount 71 → 96 (+35%) across vintages · Revenue +8% YoY Tech: 37 technologies across 2/8 capability areas · Security: Http/3 rank vs industry peers · Fliar Intelligence Index 35/100 | $2M FY2025 | $660K | 96 96 → 57 (-41%) · sector median -21% | 2019 | Nilesh Rathod Co-Founder | WordPress Block EditorElementorWordPress+33 | 1 partnership |
| 37 | Dhanlaxmi Fabrics Contract manufacturer of fabric and garment products | $2M FY2025 | — | 12 | 1975 | — | BootstrapApache HTTP ServerIsotope+5 | — |
| 38 | Billwin Industries Contract manufacturer of outdoor garments | $834K FY2025 | — | 7 | 2014 | Subrata Dey Owner | Cart FunctionalityShopifyJudge.me+8 | — |
| 39 | SpaceMax Furniture manufacturing company carving a niche in the furniture industry | $515K FY2025 | $39K | 24 | 2014 | Himanshu Goel Founder & Managing Director | Cart FunctionalityYouTubeBootstrap+12 | — |
| 40 | Ador Multiproducts Ador Multi Products is a manufacturer of personal care products. | $334K FY2025 | — | — | 1948 | Ninotchka Nagpal Chairman | WordPressMySQLPHP+17 | — |
| 41 | ador multiproducts Ador Multi Products is a manufacturer of personal care products. | $334K FY2025 | — | 17 | 1948 | Ninotchka Nagpal Chairman | WordPressMySQLPHP+17 | — |
Top 12 Contract Manufacturers companies in Maharashtra
#1
Public · Mumbai, Maharashtra · founded 1991 · 175 employees$6.6Mraised▾
Public · Mumbai, Maharashtra · founded 1991 · 175 employees
Suditi Industries limited is a manufacturer of fabrics. The company specializes in manufacturing garments. It claims that its products are fire resistant, UV rays protected, possess antimicrobial finish, and more. The company is engaged in knitting, dyeing, printing, and more.
Fliar Intelligence Index™ 62how this company ranks against its industry peers
Product
top 14%Innovation
top 20%Funding
top 31%Fin. health
top 36%Market
top 43%Growth
top 49%Product: 7 distinct product lines · Company stage: Public
Innovation: 7 product lines
Funding: Raised $6.6M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) · Last round Post IPO (Dec 2025)
Audience (LinkedIn): 2k LinkedIn followers · 179 engagements/post (13.8× cohort median)
Activity (LinkedIn): 1 product launches · 1 expansions announced in 12 mo
Funding rounds
- Dec 2025Post IPO$6.6M
Tech stack
Animate.CssAnime.JsCore-JsFancyboxGoogle Font ApiGoogle Workspace
#2
Series A · Palghar, Maharashtra · founded 2017 · 157 employees$11.3Mraised▾
Series A · Palghar, Maharashtra · founded 2017 · 157 employees
Provider of electronics manufacturing services. It offers a wide range of services including PCB fabrication, component procurement, SMT assembly, system manufacturing, new product development, supply chain, and product life cycle management. It also provide services such as research, prototyping, analyzing resources, testing, and complete box build for end products.
Fliar Intelligence Index™ 80how this company ranks against its industry peers
Innovation
top 20%Growth
top 23%Talent
top 28%Fin. health
top 31%Funding
top 33%Product
top 36%Innovation: 9 product lines
Growth: Headcount 98 → 157 (+60%) across vintages · Revenue +43% YoY · Fresh capital in last 24 mo
Talent: 3 named leaders on record · 3 C-suite/founder profiles curated
Audience (LinkedIn): 6k LinkedIn followers — 3.8% of this cohort's audience · 61 engagements/post (4.7× cohort median)
Funding rounds
- Oct 2025Series A$4.3M
- Aug 2025Series A$7M
Founders & team
Investors
Cactus Venture Partners, Gujarat Venture Finance, Legacy Assets, Hira Group, Roha Asset Managers
Tech stack
Apache Http ServerCdnjsCloudflareFont AwesomeGodaddyGsap
#3
Series A · Mumbai, Maharashtra · founded 2023$3.1Mraised▾
Series A · Mumbai, Maharashtra · founded 2023
Manufacturer of specialty chemicals. It provides a broad spectrum of specialty chemical solutions encompassing research, formulation, manufacturing, customization, and distribution. Its platform is designed to help customers, mainly manufacturers across verticals, like aroma and food, beauty and personal care, pharmaceuticals, coatings, masterbatches, and compounds.
Fliar Intelligence Index™ 53how this company ranks against its industry peers
Growth
top 12%Talent
top 38%Funding
top 39%Fin. health
bottom 49%Global
bottom 39%Tech
bottom 36%Growth: Revenue +101795% YoY · Fresh capital in last 24 mo
Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
Funding: Raised $3.1M across 2 rounds · 2 rounds over 2 yrs (1.0/yr) · Last round Series A (Sep 2025)
Audience (LinkedIn): 3k LinkedIn followers — 2.0% of this cohort's audience
Hiring (LinkedIn): 1 hiring post in 12 mo (public) · hiring: Inside Sales Specialist
Funding rounds
- Sep 2025Series A$7.7M
- Mar 2024Seed$3.1M
Founders & team
Investors
Jungle Ventures, India Quotient, RB Investments, Singularity AMC, Panthera Peak Capital, Icebreaker Tech
#4
Public · Mumbai, Maharashtra · founded 1999 · 162 employees$51.2Mraised▾
Public · Mumbai, Maharashtra · founded 1999 · 162 employees
Contract manufacturer of garments
Fliar Intelligence Index™ 82how this company ranks against its industry peers
Fin. health
top 18%Funding
top 23%Market
top 29%Moat
top 34%Growth
top 40%Tech
top 42%Fin. health: Revenue ~$1.5B (FY2024) · Net margin 16.0% · Revenue +21% YoY
Funding: Raised $51.2M across 1 rounds · 1 rounds over 2 yrs (0.5/yr) · Last round Post IPO (Aug 2024)
Market: 162 employees (top 24% of Industrial Goods and Manufacturing) · Revenue ~$1.5B · ~7% of tracked Contract Manufacturers revenue (664 cos, FY2025)
Audience (LinkedIn): 69k LinkedIn followers — 43.0% of this cohort's audience
Funding rounds
- Aug 2024Post IPO$51.2M
Founders & team
Tech stack
Anime.JsApache Http ServerApple Icloud MailBootstrapBootstrap IconsCdnjs
#5
Acquired · Mumbai, Maharashtra · founded 2015 · 129 employees$3.4Mraised▾
Acquired · Mumbai, Maharashtra · founded 2015 · 129 employees
Manufacturer of hygiene products. It specializes in hygiene products, particularly in the feminine care and baby care sectors. It's products range includes Wowper Baby Diapers, Wet Wipes, and Wowpad Feminine Hygiene Pads.
Fliar Intelligence Index™ 50how this company ranks against its industry peers
Moat
top 42%Tech
top 43%Fin. health
top 43%Market
top 44%Growth
top 47%Funding
bottom 46%Moat: Top 23% by revenue among 664 tracked Contract Manufacturers companies · Editorial + unicorn rating 1/10
Tech: 34 technologies across 4/8 capability areas · Cloud: Cloudflare · Devops: Nginx
Fin. health: Revenue ~$19.7M (FY2024) · Net margin 3.4%
Audience (LinkedIn): 5k LinkedIn followers — 3.0% of this cohort's audience
Funding rounds
- Sep 2024Series A$3.4M
Investors
DOMS, H S Mehta Infra
Tech stack
Anime.JsCdnjsCloudflareContact Form 7Core-JsFont Awesome
#6
Seed · Mumbai, Maharashtra · founded 2019 · 96 employees$660.3Kraised▾
Seed · Mumbai, Maharashtra · founded 2019 · 96 employees
Online retail platform offering multi-category furniture. The offerings include work from home furniture like adjustable desks, wall-mounted tables, study tables, chairs, display boards, home furniture like beds, coffee tables, dining tables, occasional furniture, and more available in different colors and price ranges.
Fliar Intelligence Index™ 35how this company ranks against its industry peers
Growth
top 37%Tech
bottom 49%Talent
bottom 49%Fin. health
bottom 44%Moat
bottom 44%Funding
bottom 39%Growth: Headcount 71 → 96 (+35%) across vintages · Revenue +8% YoY · Fresh capital in last 24 mo
Tech: 37 technologies across 2/8 capability areas · Security: Http/3
Talent: 1 named leader on record · 1 C-suite/founder profile curated
Audience (LinkedIn): 5k LinkedIn followers — 3.0% of this cohort's audience
Activity (LinkedIn): 1 partnerships (incl. MK JEWELS) announced in 12 mo
Funding rounds
- Dec 2024Seed$590.2K
- Mar 2022Seed$660.3K
Founders & team
Investors
Italica, Artha Venture Fund
Tech stack
BootstrapContact Form 7Core-JsDraftpress HfcmElementorFacebook Pixel
#7
Series C · Mumbai, Maharashtra · founded 2020 · 1499 employees$43.6Mraised▾
Series C · Mumbai, Maharashtra · founded 2020 · 1499 employees
Contract manufacturer of fabrics and garments
Fliar Intelligence Index™ 32how this company ranks against its industry peers
Funding
top 31%Moat
top 31%Market
top 32%Talent
bottom 49%News
bottom 47%Fin. health
bottom 40%Funding: Raised $43.6M across 2 rounds · 2 rounds over 5 yrs (0.4/yr) · Last round Series C (Jan 2023)
Moat: Top 12% by revenue among 664 tracked Contract Manufacturers companies · Editorial + unicorn rating 4/10 · 9 curated direct competitors tracked
Market: 1,499 employees (top 5% of Industrial Goods and Manufacturing) · Revenue ~$43.9M · Top 12% by revenue among 664 tracked Contract Manufacturers peers
Audience (LinkedIn): 2k LinkedIn followers · 63 engagements/post (4.8× cohort median)
Activity (LinkedIn): 1 expansions announced in 12 mo
Funding rounds
- Jan 2023Series C$10.7M
- Feb 2021Series C$32.9M
Founders & team
Investors
Linen Art, Flamingotownplanners, JM Financial Private Equity, Think Investments
Tech stack
Apache Http ServerGodaddyGoogle AnalyticsGoogle Hosted LibrariesJqueryOwl Carousel
#8
Series A · Mumbai, Maharashtra · founded 2005 · 197 employees$64.3Mraised▾
Series A · Mumbai, Maharashtra · founded 2005 · 197 employees
Custom based manufacturer of actives, crop protection, advanced intermediates, and specialty chemicals. The company provides custom synthesis, contract development, and manufacturing services, delivering high-quality solutions tailored to client needs. It provides primarily advanced intermediates and registered starting materials for pharma, fine chemicals, and the electronics industry.
Fliar Intelligence Index™ 42how this company ranks against its industry peers
Innovation
top 20%Product
top 36%Talent
top 38%Tech
top 39%Moat
top 42%Funding
top 48%Innovation: 10 product lines
Product: 10 distinct product lines · Company stage: Series A
Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
Funding rounds
- Apr 2022Series A$29.5M
- Dec 2008Seed$247.7K
- Dec 2007Seed$482.7K
Founders & team
Investors
Pantomath Group, Plutus Wealth Management, Multi Organics, Birewar Family Trust
Tech stack
WordpressMysqlPhpBootstrapRedux FrameworkPopup Maker
#9
Public · Mumbai, Maharashtra · founded 1986 · 4019 employees$129.1Mraised▾
Public · Mumbai, Maharashtra · founded 1986 · 4019 employees
Manufacturer of textiles. It offers a diverse range of textile and non-textile products include Cotton, Polyester & Viscose Yarn, Apparel Fabrics, Garments, Home Textiles, Textile Accessories, Workwear and Protective Clothing and Packaging.
Fliar Intelligence Index™ 69how this company ranks against its industry peers
Innovation
top 9%Talent
top 23%Market
top 24%Moat
top 24%Product
top 26%Funding
top 27%Innovation: 8 new-product events in 24 mo
Talent: 6 named leaders on record · 6 C-suite/founder profiles curated
Market: 4,019 employees (top 2% of Industrial Goods and Manufacturing) · Revenue ~$452M · ~2% of tracked Contract Manufacturers revenue (664 cos, FY2025)
Audience (LinkedIn): 38k LinkedIn followers — 23.8% of this cohort's audience
Funding rounds
- Feb 2020Post IPO$34.6M
- Mar 2010Post IPO$94.5M
Founders & team
Investors
Reliance Industries, IIML, JM Financial Asset Reconstruction Company
Tech stack
Adobe FlashBootstrapFont AwesomeGoogle AnalyticsHstsIis
#10
Series B · Mumbai, Maharashtra · founded 2010 · 535 employees$40.6Mraised▾
Series B · Mumbai, Maharashtra · founded 2010 · 535 employees
VVF has 3 main business verticals: Contract Manufacturing, Oleochemicals and Consumer Products. VVF has over 15 operating centres spread across 4 continents, Asia, North America, Europe and Africa. Largest contract manufacturers of bar soaps in the world. VVF manufactures brands of personal care and OTC products for global players like Johnson & Johnson, Henkel, Reckitt Benckiser. Own range of consumer products like, DOY, DOY Care, JO, Bactershield and JO Perfect hair dye.
Fliar Intelligence Index™ 78how this company ranks against its industry peers
Market
top 17%Fin. health
top 18%Innovation
top 20%Talent
top 23%Moat
top 29%Product
top 30%Market: 535 employees (top 11% of Industrial Goods and Manufacturing) · Revenue ~$326M · ~2% of tracked Contract Manufacturers revenue (664 cos, FY2025)
Fin. health: Revenue ~$326M (FY2021) · Net margin 50.7% · Revenue +25% YoY
Innovation: 7 product lines
Funding rounds
- Apr 2014Series B$13.2M
- Oct 2011Series B$27.5M
Founders & team
Investors
Reliance Capital, EP-Asia, Fairwinds Private Equity
Tech stack
PleskWindows ServerYoutubeMicrosoft Asp.NetIisJquery Cdn
#11
Public · Mumbai, Maharashtra · founded 1984 · 764 employees$23.1Mraised▾
Public · Mumbai, Maharashtra · founded 1984 · 764 employees
Manufacturer of convenience foods and personal care products. It offers a diverse range of FMCG products, including processed foods, personal care items, home care products, and leatherwear.
Fliar Intelligence Index™ 62how this company ranks against its industry peers
Market
top 26%Fin. health
top 27%Moat
top 29%Funding
top 34%Growth
top 36%News
top 38%Market: 764 employees (top 8% of Industrial Goods and Manufacturing) · Revenue ~$423M · Top 1% by revenue among 1142 tracked Food Processing peers
Fin. health: Revenue ~$423M (FY2019) · Net margin 3.8% · Revenue +30% YoY
Moat: Top 1% by revenue among 1142 tracked Food Processing companies · Editorial + unicorn rating 1/10
Funding rounds
- Feb 2019Post IPO$22M
- Dec 2016Post IPO$1.1M
Founders & team
Investors
Convergent, Sixth Sense Ventures, Nepean Capital, WestBridge Capital
Tech stack
Apache Http ServerBootstrapFont AwesomeGodaddyGoogle Font ApiGsap
#12
Seed · Mumbai, Maharashtra · founded 2001 · 69 employees$214.1Kraised▾
Seed · Mumbai, Maharashtra · founded 2001 · 69 employees
Contract manufacturer and supplier of textile and garment products
Funding rounds
- Apr 2011Angel$111.1K
- Aug 2009Angel$103.1K
Founders & team
Investors
John Abraham, Mukesh Khandubhai Desai, Asgarbhai Khurakiwala, Shaurya Bhargava
Funding & investor landscape
$377.3Mtotal disclosed funding
13companies funded
23disclosed rounds
0rounds last 90 days
Most active investors
Birewar Family Trust1 rounds
Notable founders
Sameer Jain
Co-Founder · Brandworks Technologies
Nikita Kumawat
Co-Founder & Managing Director · Brandworks Technologies
Atanuu Agarrwal
Co-Founder & CEO · Distil
Viraj Shah
Co-Founder · Distil
Deepak Seth
Founder & Chairman · PDS
Sanjay Jain
Group CEO · PDS
Nilesh Rathod
Co-Founder · Atmosphere
Prashant Agarwal
Managing Director · BTPL
Raghavan Srinivasan
Co-Founder & Director · Inventys
Deepak Birewar
Founder & Chairman & Managing Director · Inventys
Sapan Mukerjee
Co-CEO · Alok Industries
Romi A
Co-CEO · Alok Industries
Prism market signals · India · country-scoped Prism corpus, 6,010,287 docs
Market landscape — 10 sub-themes by coverage
Share of Contract Manufacturers coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
How many Contract Manufacturers companies are there in Maharashtra, India?
Radar tracks 157 indexable Contract Manufacturers companies headquartered in Maharashtra, India, India, that meet our profile-completeness bar.
What is the total funding raised by Contract Manufacturers companies in Maharashtra, India?
The Contract Manufacturers companies in Maharashtra, India on this list have raised a combined $377.3M in disclosed equity funding across 13 funded companies.
Which is the highest-funded Contract Manufacturers company in Maharashtra, India?
Alok Industries is the highest-funded Contract Manufacturers company in Maharashtra, India, with $129.1M in disclosed equity funding.
How many Contract Manufacturers companies in Maharashtra, India are funded?
13 of the 157 Contract Manufacturers companies in Maharashtra, India on this list have disclosed at least one equity funding round.
How many Contract Manufacturers unicorns are there in Maharashtra, India?
None of the Contract Manufacturers companies in Maharashtra, India on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Maharashtra, India Contract Manufacturers companies?
The most active investors in Maharashtra, India Contract Manufacturers companies on this list include Innoeversity, Artha Venture Fund, Birewar Family Trust, Cactus Venture Partners, Columbia Petro Chem.
Riya SenguptaFinancials
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.