Company lists
The Maharashtra edition · 2026

Contract manufacturerscompanies in Maharashtra

Apparel & garments, cosmetics & FMCG, chemicals & pharma, jewellery & diamonds, electronics & electrical and more: the companies building contract manufacturers in Maharashtra, with their founders, funding, team size and business models.

249 company profiles132 with reported revenue9 with recorded fundingSeptember 2026 edition
Maharashtra · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent contract manufacturers business events in India

Funding, M&A, contract wins and launches involving 1,294 contract manufacturers companies in India, last 24 months: 49 M&A deals · 45 Contracts · 11 funding rounds · 2 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

ContractSupply

Master components · client: Na

Master Components Limited (MASE.NS) has officially secured a new domestic supply order valued at 4.7 million Indian rupees.

Industrial Manufacturing
M&AAcquisition · Announced

Manomay tex india acquires Lov Smart Rj-1

Manomay Tex India Ltd has approved the acquisition of a 26 per cent equity stake in Lov Smart Rj-1, a company engaged in renewable energy generation and transmission, as part of its…

Renewable energy generation and transmission
M&AAcquisition · Announced

Nandan denim acquires Opera Air (Narmada) Private Limited

Nandan Denim has reported that the Board has approved to buy 6.1 percent share in Opera Air (Narmada) Private Limited.

M&AAcquisition · Announced

Nandan denim acquires Opera Vayu (Narmada) Private Limited

Nandan Denim said that the board has approved the acquisition of a 6.1% equity stake in Opera Vayu (Narmada) Private Limited.

M&AAcquisition · Announced

Jaykay enterprises acquires Patange industries

Jaykay Enterprises has announced the acquisition of the business undertaking of Patange Industries Private Limited, a company specialising in defence precision manufacturing,…

Defence precision manufacturing, fabrication, and engineering design services
M&AAcquisition · Announced

Amber enterprises india acquires Amber Resojet Private Limited

Amber Enterprises India has announced the acquisition of the remaining 50% equity stake in Amber Resojet Private Limited, making it a wholly owned subsidiary.

Consumer durables and home appliances
M&AAcquisition · Completed

Aequs acquires Aequs Foundation

Aequs has successfully completed the acquisition of 1,000 equity shares, representing 50% of the total share capital of Aequs Foundation, from Hubballi Durable Goods Cluster Private Limited.

M&AAcquisition · Completed

Anil Kumar Goel acquires Sportking india

Veteran investor Anil Kumar Goel has increased his shareholding in Sportking India Limited, crossing the 5% ownership threshold prescribed under Indian takeover regulations.

Textile Manufacturer
LaunchMafatlal MedFits

Mafatlal industries

Mafatlal Industries Limited (MIL), the flagship company of the Arvind Mafatlal Group and one of India’s most trusted textile institutions, has announced its entry into the e-commerce…

Medical textiles e-commerce platform
M&AAcquisition · Announced

Gokaldas exports acquires Matrix Design & Industries Pvt. Ltd.

Apparel exporter Gokaldas Exports Limited (GEL) has signed an agreement to acquire Matrix Design & Industries Pvt. Ltd. for ₹489 crore, with ₹247.5 crore via share swap.

Knitwear apparel manufacturer
M&AAcquisition · Rumored

Apparel group acquires Baccarose

Mumbai: Dubai-based Apparel Group is in exploratory talks to acquire a stake in Baccarose, which distributes global premium fragrance, skincare and cosmetics brands in India and operates…

Beauty & Luxury Brand Distribution
LaunchClimate-control yarn

Alok industries

Alok is also broadening its specialty polyester offerings with a climate-control yarn that provides inherent thermal comfort

Yarn
ContractSupply

KOSOL Energie · client: Mafatlal industries

Kosol Energie has commissioned a 4 MW solar photovoltaic (PV) power project for Mafatlal Industries Limited at its manufacturing facility in Nadiad, Gujarat.

Renewable Energy
ContractService

Qdoba Mexican Eats · client: The rose group

Qdoba recently signed a franchise deal with The Rose Group, which operates 55 Applebee’s Grill + Bar restaurants and Shannon Rose Irish Pubs across the Mid-Atlantic. This deal accounts…

M&AAcquisition · Announced

Recomotor acquires Barcelona

Recomotor, distributor of recovered parts for workshops and automotive professionals, continues its expansion with the acquisition of a new scrapping in Sant Andreu de la Barca (Barcelona).

Contract

The rose group · client: Qdoba Mexican Eats

The Rose Group: A 35-restaurant agreement spanning Pennsylvania and southern New Jersey.

Fast-casual
ContractService

Jaykay enterprises · client: JK Defence & Aerospace

Jaykay Enterprises: Company acquired 2,00,000 preference shares in JK Defence & Aerospace for ₹2 Cr.

Funding

Aequs

Aequs plans to use its latest fundraising to reduce borrowings and expand its aerospace business, said Aravind Melligeri, Executive Chairman and CEO of the company.

Aerospace, consumer products
M&AAcquisition · Announced

IL JIN Electronics (India) acquires Shogini Technoarts

Amber Enterprises India said its subsidiary, IL JIN Electronics (India), has acquired an 80 per cent stake in Shogini Technoarts for around Rs 506 crore.

ContractSupply

Vishal fabrics · client: Kiran enterprises

Textile manufacturer Vishal Fabrics has secured an order worth Rs 100 crore from Kiran Enterprises for the supply of denim fabrics, the company said in its regulatory filing on Tuesday.

Textile
ContractSupply

Garment Mantra Lifestyle · client: AL Rahmat Textiles L.L.C.

Garment Mantra Lifestyle, through a stock exchange filing, announced that its wholly owned subsidiary has been awarded a fresh export order by AL Rahmat Textiles L.L.C. amounting to Rs…

ContractSupply

Vishal fabrics · client: Na

Vishal Fabrics bags Rs 100 crore denim supply order.

Textile
M&AAcquisition · Announced

Walking tree acquires Mohammed Aslam Qudratullah Khan

The open offer is triggered by Walking Tree Technologies' agreement to acquire a 34.76% stake (12,48,000 shares) from the promoter at ₹25 per share. This initial acquisition, valued at…

IT
M&AAcquisition · Announced

Walking tree acquires Octaware technologies

Octaware Technologies Limited has received an open offer from Walking Tree Technologies Private Limited to acquire up to 9,34,400 equity shares, representing 26.02% of the voting…

IT
M&AAcquisition · Completed

Cupid acquires Karnataka bank

Last Friday, Cupid's CMD made a bulk deal by purchasing 38 lakh shares worth approximately ₹71 crore in the private sector banking institution.

Banking
M&AAcquisition · Announced

IL JIN Electronics India Pvt Ltd acquires Shogini Technoarts

The IL JIN Electronics India Pvt Ltd, a subsidiary of Amber Group, has entered into a definitive agreement for purchase of majority stake in Shogini Technoarts Pvt Ltd.

Printed Circuit Boards Manufacturing
M&AAcquisition · Announced

Amber Enterprises acquires Shogini Technoarts

Electronics manufacturer Amber Enterprises has entered into a definitive agreement with Pune-based Shogini Technoarts to purchase a majority stake in the company.

PCB manufacturing
ContractSupply

Cupid · client: South Africa

Cupid, a global provider of wellness and public-health products, has received about ₹115-crore order to supply men and female condoms to South Africa.

Public Health
Funding

Dixon technologies

In the September quarter of 2025, SBI Group, through SBI Life Insurance Company Limited, acquired a fresh stake of 1.4 percent in Dixon Technologies (India) Limited.

ContractSupply

Basf · client: Galaxy surfactants

BASF has delivered its first shipment of biomasse-balanced BMBCertTM 3-(dimethylamino)propylamine (DMAPA) in Asia Pacific to Galaxy Surfactants Ltd.

Personal Care

Contract manufacturers companies in Maharashtra, by revenue

Browse contract manufacturers 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 132 contract manufacturers 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

Contract manufacturer of natural polished diamonds

Contract manufacturers
₹15,099.92 crFY 2024-25
-11%2024–2025
1,249-31% 12 mo to Aug 2024LinkedIn · Jul 2026
41 yr1985
0none in 3 months

Contract manufacturer of garments

Contract manufacturers
₹12,627.53 crFY 2024-25
+21%2024–2025
1,175+26% 12 mo to Sep 2024LinkedIn · Jul 2026
27 yr1999
0none in 3 months

Natural diamond manufacturing and designing services

Contract manufacturers
₹7,589.18 crFY 2022-23
Not reported
427LinkedIn · Jul 2026
28 yr1998
0none in 3 months

Manufacturer and exporter of diamonds and jewellery products

Contract manufacturers
₹4,467.92 crFY 2022-23
Not reported
316-35% 12 mo to Sep 2024recorded Sep 2024
55 yr1971
—No postings tracked

Manufacturer of surfactants and specialty care ingredients for the home and personal care industry

Surfactants
₹4,249.48 crFY 2024-25
+11%2024–2025
1,791+3% 12 mo to Sep 2024recorded Sep 2024
46 yr1980
1postings · last posted Aug 2026

Manufacturer of textiles

Contract manufacturers
₹3,819.85 crFY 2024-25
-31%2024–2025
3,635-5% 12 mo to Jul 2024LinkedIn · Jul 2026
40 yr1986
0none in 3 months

Manufacturer of convenience foods and personal care products

Food processing
₹3,578.93 crFY 2024-25
+30%2024–2025
1,046+33% 12 mo to Sep 2024LinkedIn · Jul 2026
42 yr1984
0none in 3 months

Brand of diamond jewelry

Contract manufacturers
₹3,426.28 crFY 2024-25
-24%2024–2025
358+167% 12 mo to May 2021LinkedIn · Jul 2026
41 yr1985
0none in 3 months

Manufactures consumer goods and processed food products

Contract manufacturers
₹2,751.92 crFY 2024-25
+25%2024–2025
535-2% 12 mo to Sep 2024recorded Sep 2024
16 yr2010
0none in 3 months

Vertically integrated diamond and jewelry manufacturing company

Contract manufacturers
₹2,292.37 crFY 2022-23
Not reported
156LinkedIn · Jul 2026
60 yr1966
0none in 3 months

Contract manufacturer of diamonds

Contract manufacturers
₹2,405.92 crFY 2024-25
-22%2024–2025
159LinkedIn · Jul 2026
41 yr1985
0none in 3 months

Manufacturer of renewable energy components and assemblies

Contract manufacturers
₹1,865.10 crFY 2024-25
+23%2024–2025
161+117% 12 mo to Aug 2023LinkedIn · Jul 2026
35 yr1991
0none in 3 months

Supplier of aliphatic, amine derivative, and specialty amines

Contract manufacturers
₹1,455.66 crFY 2023-24
Not reported
618-4% 12 mo to Aug 2024LinkedIn · Jul 2026
47 yr1979
0none in 3 months

Contract manufacturer of sunflower oil

Contract manufacturers
₹1,434.03 crFY 2024-25
+14%2024–2025
204-1% 12 mo to Sep 2024recorded Sep 2024
45 yr1981
0none in 3 months

Manufacturer of cotton yarn, denim fabric, and terry towels

Apparel brands
₹1,057.62 crFY 2024-25
+9%2024–2025
480-5% 12 mo to Aug 2024recorded Aug 2024
23 yr2003
0none in 3 months

Contract manufacturer of fabric materials

Contract manufacturers
₹807.95 crFY 2023-24
Not reported
997-4% 12 mo to Oct 2023recorded Oct 2023
49 yr1977
—No postings tracked

Brand of adult diapers and disposable hygiene products

Contract manufacturers
₹775.27 crFY 2024-25
+6%2024–2025
774-6% 12 mo to Jul 2024LinkedIn · Jul 2026
27 yr1999
3postings · last posted Aug 2026

Manufacturer of plastic packaging products

Contract manufacturers
₹730.83 crFY 2022-23
Not reported
436+15% 12 mo to Sep 2024LinkedIn · Jul 2026
46 yr1980
0none in 3 months

Manufacturer of fine jewelry

Contract manufacturers
₹765.66 crFY 2024-25
+13%2024–2025
1,750recorded
41 yr1985
1postings · last posted Sep 2026

Provider of installation services for LED-based lighting systems

Contract manufacturers
₹702.76 crFY 2024-25
+32%2024–2025
239+62% 12 mo to Sep 2024recorded Sep 2024
11 yr2015
0none in 3 months

Contract manufacturer of home furnishing and automobile textile products

Contract manufacturers
₹701.74 crFY 2024-25
+23%2024–2025
542+42% 12 mo to Sep 2024LinkedIn · Jul 2026
41 yr1985
0none in 3 months · last posted Jun 2026

Manufacturer of healthcare and cosmetic products, including ointments and cleaning solutions

Contract manufacturers
₹579.98 crFY 2024-25
-2%2024–2025
104+22% 12 mo to Aug 2024LinkedIn · Jul 2026
32 yr1994
0none in 3 months

Brand of jewelry

Fashion accessories
₹565.11 crFY 2024-25
+5%2024–2025
281LinkedIn · Jul 2026
16 yr2010
0none in 3 months

Contract manufacturer of apparel

Contract manufacturers
₹527.63 crFY 2024-25
+80%2024–2025
362+166% 12 mo to Aug 2024LinkedIn · Jul 2026
25 yr2001
0none in 3 months

Contract based manufacturer of flavor and fragrance

Contract manufacturers
₹426.66 crFY 2022-23
Not reported
82LinkedIn · Jul 2026
111 yr1915
0none in 3 months · last posted Jun 2026
50 of 249 companies shown here · the full list is on Radar
Fliar Radar

Explore all 249 contract manufacturers companies in Maharashtra on Radar

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

Open contract manufacturers in Maharashtra on Radar
  • Every company, not just 50All 249 contract manufacturers companies in Maharashtra, filterable by stage, funding, team size, revenue model and age.
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  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
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Explore contract manufacturers companies in Maharashtra by what you are looking for

Find contract manufacturing companies in Maharashtra, from garment and cosmetics makers to chemical and electronics manufacturers. Browse contract manufacturers in India based in Maharashtra, including startups and listed firms.

9 ways to explore contract manufacturers in Maharashtra

Garment & apparel contract manufacturersCosmetics, personal care & FMCG contract manufacturersChemical & pharmaceutical contract manufacturersJewellery & diamond manufacturersElectronics & electrical contract manufacturersContract manufacturing services for businesses

Garment & apparel contract manufacturers

Contract makers of garments, fabrics and textiles.

  1. PDS

    Contract manufacturer of garments

    Contract manufacturers
    See in list
  2. Alok Industries

    Manufacturer of textiles

    Contract manufacturers
    See in list
  3. Sudarshanjeans

    Manufacturer of cotton yarn, denim fabric, and terry towels

    Apparel brands
    See in list
  4. Donear

    Contract manufacturer of fabric materials

    Contract manufacturers
    See in list
  5. SAPL Industries

    Contract manufacturer of apparel

    Contract manufacturers
    See in list

Cosmetics, personal care & FMCG contract manufacturers

Third-party makers of cosmetics, personal care and packaged goods.

  1. HFL

    Manufacturer of convenience foods and personal care products

    Food processing
    See in list
  2. Nobel Hygiene

    Brand of adult diapers and disposable hygiene products

    Contract manufacturers
    See in list
  3. Baccarose

    Supplier of imported fragrances, beauty & healthcare products

    B2b e-commerce
    See in list
  4. Zetts Cosmetics

    Contract manufacturer of cosmetics

    Contract manufacturers
    See in list
  5. Influx Healthtech

    Contract based manufacturer of healthcare products

    Contract manufacturers
    Website

Chemical & pharmaceutical contract manufacturers

Custom chemical, specialty chemical and pharma contract manufacturing.

  1. Inventys

    Custom based manufacturer of actives, crop protection, advanced intermediates, and specialty chemicals

    Contract manufacturers
    Website
  2. ORAH

    Contract based manufacturer of cosmetics

    Contract manufacturers
    Website
  3. NeoLOBA

    Provider of contract research, process development, and chemical manufacturing services

    Contract manufacturers
    Website
  4. Galaxy Surfactants

    Manufacturer of surfactants and specialty care ingredients for the home and personal care industry

    Surfactants
    See in list
  5. Auchtel

    Contract based manufacturer of ion exchange resins and chemical products

    Contract manufacturers
    See in list

Jewellery & diamond manufacturers

Diamond cutting, polishing and jewellery manufacturers.

  1. Sheetal Group

    Brand of diamond jewelry

    Contract manufacturers
    See in list
  2. Jasani

    Vertically integrated diamond and jewelry manufacturing company

    Contract manufacturers
    See in list
  3. Walking Tree

    Brand of jewelry

    Fashion accessories
    See in list
  4. Dharmanandan Diamonds

    Natural diamond manufacturing and designing services

    Contract manufacturers
    See in list
  5. Asian Star

    Manufacturer and exporter of diamonds and jewellery products

    Contract manufacturers
    See in list

Electronics & electrical contract manufacturers

Contract makers of electronics, electrical products and plastic components.

  1. Brandworks Technologies

    Provider of electronics manufacturing services

    Contract manufacturers
    See in list
  2. Porwal Enterprises

    Trader of household appliances, electrical & electronic goods, and general merchant wholesaling

    Contract manufacturers
    Website
  3. KK Power Solutions

    Contract manufacturer of inverters and batteries

    Contract manufacturers
    Website
  4. Powertronics

    Contract manufacturer of electrical inverter and battery backups

    Electricity transmission & distribution equipment
    Website
  5. Chemco

    Manufacturer of plastic packaging products

    Contract manufacturers
    See in list

Contract manufacturing services for businesses

General contract manufacturers producing paper, furniture, building and industrial products.

  1. Kiran Gems

    Contract manufacturer of natural polished diamonds

    Contract manufacturers
    See in list
  2. PDS

    Contract manufacturer of garments

    Contract manufacturers
    See in list
  3. Betul Oil

    Contract manufacturer of sunflower oil

    Contract manufacturers
    See in list
  4. Sudarshanjeans

    Manufacturer of cotton yarn, denim fabric, and terry towels

    Apparel brands
    See in list
  5. Donear

    Contract manufacturer of fabric materials

    Contract manufacturers
    See in list

Contract manufacturing startups in Maharashtra

Newer contract manufacturers founded in the last few years.

  1. Distil

    Manufacturer of specialty chemicals

    Diversified chemicals
    Website
  2. Tredura

    Manufacturer of agricultural and industrial tires

    Contract manufacturers
    Website
  3. Siddhanath Trendz

    Manufacturer of premium apparel and corporate uniforms for various industries

    Contract manufacturers
    Website
  4. Renata Mechatronics

    Manufacturer of precision components and other industrial services

    Auto components
    Website
  5. Renfro India

    Manufacturer of industrial metal forgings for diverse sectors

    Contract manufacturers
    Website
9 companies in Maharashtra

Listed contract manufacturing companies in Maharashtra

Publicly listed contract manufacturers.

  1. PDS

    Contract manufacturer of garments

    Contract manufacturers
    See in list
  2. Asian Star

    Manufacturer and exporter of diamonds and jewellery products

    Contract manufacturers
    See in list
  3. Galaxy Surfactants

    Manufacturer of surfactants and specialty care ingredients for the home and personal care industry

    Surfactants
    See in list
  4. Alok Industries

    Manufacturer of textiles

    Contract manufacturers
    See in list
  5. HFL

    Manufacturer of convenience foods and personal care products

    Food processing
    See in list
28 companies in Maharashtra

Contract manufacturers hiring in Maharashtra

Contract manufacturers in Maharashtra with open roles.

  1. Galaxy Surfactants

    Manufacturer of surfactants and specialty care ingredients for the home and personal care industry

    Surfactants
    See in list
  2. Nobel Hygiene

    Brand of adult diapers and disposable hygiene products

    Contract manufacturers
    See in list
  3. Sunjewels

    Manufacturer of fine jewelry

    Contract manufacturers
    See in list
  4. FAZE THREE LIMITED

    Contract manufacturer of home furnishing and automobile textile products

    Contract manufacturers
    See in list
  5. GEM Aromatics

    Contract based manufacturer of flavor and fragrance

    Contract manufacturers
    See in list
9 companies in Maharashtra
Mobile reach

Top 6 contract manufacturers apps from Maharashtra

The most-installed Android apps published by contract manufacturers companies headquartered in Maharashtra — 25K installs between them. 6 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 6
The business behind the activity

Contract manufacturers financials in Maharashtra

Revenue, profit and growth from the filed annual accounts of 137 contract manufacturers companies in Maharashtra for FY24-25 — 150 of the 249 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 41% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹57,601.24 cr

137 companies filing accounts

combined net profit₹716.86 cr

1.2% aggregate margin

are profitable80%

109 of 137 companies

median revenue~₹65.3 cr

the typical company

median revenue growth+9%

into FY24-25

earned by the top five41%

revenue concentration

Six-year view

Combined revenue of filing companies

₹37,742.03 crFY19-20127 filers
₹40,250.18 crFY20-21133 filers
₹47,723.49 crFY21-22136 filers
₹70,147.15 crFY22-23138 filers
₹59,950.02 crFY23-24138 filers
₹57,601.24 crFY24-25137 filers

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

Like-for-like

The same 132 companies over three years

-18%
FY22-23₹69,545.39 cr₹2,489.83 cr net
FY23-24₹59,847.23 cr₹540.72 cr net
FY24-25₹57,008.99 cr₹668.72 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 cr729% profitable
₹1–10 cr2374% profitable
₹10–100 cr5082% profitable
₹100–1,000 cr4386% profitable
Over ₹1,000 cr1486% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking48
0–20%44
20–50%28
50–100%7
Doubled+6

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

Profitability

Profit is concentrated at the top

109profitable
28loss-making
1.2%aggregate margin
2.8%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
Esskay InternationalESSKAY INTERNATIONAL PVT LTD+256%₹13.86 cr
InfiiloomINFIILOOM INDIA PRIVATE LIMITED
Infinijewel SynergiesINFINIJEWEL SYNERGIES PRIVATE LIMITED+123%₹18.67 cr
BizcraftBIZCRAFT SOLUTIONS PRIVATE LIMITED₹21.38 cr
SAPL IndustriesSAPL INDUSTRIES PRIVATE LIMITED+80%₹527.63 cr
Thomas ScottTHOMAS SCOTT (INDIA) LIMITED
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
ICCTHE INDIAN CARD CLOTHING COMPANY LIMITED114.9%
GB GlobalGB GLOBAL LIMITED
CupidCUPID LIMITED
Sawai FragrancesSAWAI FRAGRANCES PRIVATE LIMITED15.7%
Master GroupMASTER COMPONENTS LIMITED₹42.81 cr
Abhishri PackagingABHISHRI PACKAGING PRIVATE LIMITED
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Contract manufacturers126₹49,272.84 cr~₹64.3 cr80%0.8%
Leaders

Largest contract manufacturers companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Kiran GemsKIRAN GEMS PRIVATE LIMITED₹10,145.60 cr₹36.16 cr0.4%-21%
Dharmanandan DiamondsDHARMANANDAN DIAMONDS PRIVATE LIMITED₹4,085.22 cr₹60.23 cr1.5%-19%
Alok IndustriesALOK INDUSTRIES LIMITED₹3,629.31 cr−₹768.81 cr-21.2%-32%
Galaxy SurfactantsGALAXY SURFACTANTS LTD₹3,027.71 cr₹173.82 cr5.7%+9%
HFLHINDUSTAN FOODS LIMITED₹2,752.45 cr₹103.34 cr3.8%+15%
Sheetal GroupSHEETAL MANUFACTURING COMPANY PRIVATE LIMITED₹2,609.35 cr₹50.31 cr1.9%-10%
VVFVVF (INDIA) LIMITED₹2,538.90 cr₹93.79 cr3.7%+31%
Asian StarASIAN STAR COMPANY LIMITED₹2,358.15 cr₹38.75 cr1.6%-14%
JasaniJASANI INDIA PRIVATE LIMITED₹1,670.88 cr₹21.85 cr1.3%-10%
Alkyl Amines ChemicalsALKYL AMINES CHEMICALS LIMITED₹1,601.62 cr₹186.11 cr11.6%+10%
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

Contract manufacturers funding and M&A across India

74 recorded equity rounds have gone to 1,294 contract manufacturers 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 months5

US$24.33m

equity rounds, last 24 months18

US$97.82m

raised over five yearsUS$600.86m

48 rounds in India

M&A deals, India49

last 24 months

Capital by year

Equity funding into contract manufacturers in India

amount rounds
$639k20193
$20k20201
$140m20218
$117m20228
$100m20236
$150m202412
$73m202510
$20m20264

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2024, with US$150.00m across 12 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$280k4 rounds · median US$92k
SeedUS$21.90m16 rounds · median US$1.01m
Series AUS$160.57m14 rounds · median US$6.38m
Series BUS$122.14m6 rounds · median US$20.00m
Series CUS$208.47m5 rounds · median US$40.00m
Private equityUS$87.50m3 rounds · median US$43.75m
Where the money went · five years

Most-funded sub-sectors

Contract manufacturersUS$498.58m38 rounds · 21 companies
Aircraft parts and sub component manufacturersUS$87.50m2 rounds · 1 companies
Diversified chemicalsUS$10.80m2 rounds · 1 companies
Electronic manufacturing servicesUS$2.76m1 rounds · 1 companies
Manufacturing servicesUS$1.21m3 rounds · 1 companies
Beauty techUS$0k1 rounds · 1 companies
Auto componentsUS$0k1 rounds · 1 companies
Corporate activity · last 24 months

M&A in India

45Acquisition
3Merger
1Announced

Most active acquirers

  1. Amber enterprises india7
  2. Dixon technologies7
  3. Evexia lifecare5
  4. Gokaldas exports3
  5. Nandan denim2

Most acquired or merged

  1. Shogini Technoarts3
  2. Brfl textiles2
  3. Virat industries2
  4. Knit Gallery India Pvt Ltd (KGIPL)2
  5. Special Purpose Vehicle (SPV)2

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

Contract manufacturers funding in Maharashtra

9 contract manufacturers companies in Maharashtra have recorded equity funding, US$175.05m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Maharashtra

Meet the people behind contract manufacturers companies in Maharashtra. 91 of 249 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Maharashtra contract manufacturers companies by sub-sector

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

Keep exploring contract manufacturers in India and nearby markets.

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