Company lists
The Maharashtra edition · 2026

Enterprise applicationscompanies in Maharashtra

ERP & business software, HR & recruitment software, marketing & sales software, data & AI, compliance, legal & finance software and more: the companies building enterprise applications in Maharashtra, with their founders, funding, team size and business models.

4,147 company profiles1,029 with reported revenue303 with recorded fundingSeptember 2026 edition
Maharashtra · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent enterprise applications business events in Maharashtra

Funding, M&A, contract wins and launches involving 5,705 enterprise applications companies in Maharashtra, last 24 months: 66 Contracts · 62 M&A deals · 32 launches · 31 funding rounds. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

ContractSupply

John Cockerill India · client: JSW Vijayanagar Metallics

John Cockerill India, along with its wholly owned subsidiary -- John Cockerill Metal International SA (JCMI), has secured a contract from JSW Vijayanagar Metallics. The contract involves…

Metallics
M&AAcquisition · Completed

Ran Ventures acquires Zaggle

RAN Ventures purchased 1 Lakh equity shares of Zaggle from the open market on May 18, taking its stake in the company to 44.23% from 44.15%.

Fintech SaaS
M&AAcquisition · Announced

Zaggle Prepaid Ocean Services acquires Dice

Zaggle Prepaid Ocean Services Ltd, a spend management solutions company, has said that its board has approved the transaction structure for the strategic acquisition of DICE. Zaggle has…

AI Spend Management Platform
M&AAcquisition · Completed

Jsw one acquires Buildnext

JSW One Platforms Limited, the e-commerce arm of the $24 billion JSW Group, has concluded the acquisition of tech-enabled construction startup BuildNext.

Tech-enabled construction
M&AAcquisition · Announced

JSW One Platforms acquires BuildNext Construction Solutions

IPO-bound B2B marketplace JSW One Platforms has acquired Pidilite Ventures-backed proptech startup BuildNext Construction Solutions as it looks to expand its presence in India's…

Proptech
M&AAcquisition · Announced

Gyde acquires Benavest

Gyde, an AI-native brokerage platform, announced Thursday it has acquired Benavest

Health Insurance Agency
M&AAcquisition · Announced

Endurance technologies acquires Adler

The acquisitions of Adler and Grimeca strengthen Endurance Technologies’ brakes and transmission businesses.

LaunchTAL Brabo

TAL Manufacturing Solutions

TAL Manufacturing Solutions, a subsidiary of Tata Motors, today launched its TAL Brabo robot in two variants, with payloads of 2 kilos and 10 kilos, priced between Rs 5-7 lakh.

Industrial-articulated robot
ContractService

Zaggle Prepaid Ocean Services · client: Generali Central Insurance Company

Generali Central Insurance Company will now have access to the Zaggle Zoyer platform, thanks to an arrangement announced by Zaggle Prepaid Ocean Services.

Spend management
M&AAcquisition · Completed

Gyde acquires Avid Health

Gyde, the next-generation, AI-native brokerage platform, announced it has acquired Avid Health, the top-rated Medicare agency in Palm Beach, FL.

Medicare Agency
ContractService

Vertoz · client: Noida Metro Rail Corporation Limited

Vertoz Limited has secured the exclusive inside advertising tender for the Aqua Line of Noida Metro Rail Corporation Limited.

Advertising
M&AAcquisition · Announced

Think9 acquires Whoppl

has acquired Whoppl, one of India’s fastest-growing creator and digital-first marketing companies.

ContractTechnology

Network People Services Technologies · client: Na

Mumbai : Network People Services Technologies Limited (NPST), India’s leading digital banking and payments technology company, today announced that it has secured a strategic mandate…

ContractTechnology

Network People Services Technologies · client: Large cooperative bank

Network People Services Technologies Limited (NPST) has secured a mandate from a large cooperative bank to deploy its UPI switching infrastructure.

Payments
M&AAcquisition · Announced

Wondrlab acquires Madison world

Wondrlab has been in advanced discussions to acquire Sam Balsara’s Madison in a transaction widely pegged at around ₹1,000 crore.

Advertising
LaunchAI-Driven business opportunity platform

Projects today

Projects Today introduced AI-Driven business opportunity platform to strengthen India’s project ecosystem.

Business Opportunity Platform
M&AAcquisition · Completed

Harbinger acquires Phantom ai

Electric trucking startup Harbinger has acquired autonomous driving software company Phantom AI, in an effort to vertically integrate more technology and create new revenue streams for…

Autonomous driving software
LaunchGroth

Tonic worldwide

Tonic Worldwide has announced the launch of Groth, a full‑funnel marketing intelligence platform engineered to solve the single biggest problem in modern marketing: too many dashboards…

Full-funnel marketing intelligence platform
LaunchAntOn by Jungheinrich

Jungheinrich

Jungheinrich has announced the Asia Pacific launch of AntOn by Jungheinrich, a new value focused material handling brand aimed at businesses seeking straightforward and cost effective…

Material handling equipment
FundingRaise

Unbox robotics

Unbox Robotics $28 million round brings automation back into focus as labour constraints, e-commerce complexity, and cost pressures converge. With backing from a diverse investor base…

Robotics
LaunchAntOn by Jungheinrich

Jungheinrich

Jungheinrich announced the Asia‑Pacific launch of “AntOn by Jungheinrich”, a new value‑focused material handling brand designed for businesses seeking reliable, straightforward, and…

Material handling equipment
LaunchCPaaS 2.0

Dove soft

Dove Soft Limited, a growing cloud-communications and CPaaS provider, has announced the launch of CPaaS 2.0, an AI-powered communication platform designed to help enterprises simplify,…

CPaaS
FundingSeries D

Arya

With farmers facing greater climate‑related threats to their livelihoods, the company is expanding its services with funding from climate‑focused GEF Capital Partners, a spinout from the…

Agtech
M&AAcquisition · Pending

Karan Chechani acquires Hashtag loyalty

Jubilant FoodWorks Ltd, the company behind Domino’s Pizza and Dunkin’ Donuts in India, has agreed to sell its entire 31.66% stake in Hashtag Loyalty Private Ltd.

M&AAcquisition · Completed

Mr. Karan Chechani acquires Hashtag loyalty

Jubilant FoodWorks has executed a share purchase agreement to sell its entire 31.66% stake in Hashtag Loyalty Private Limited, an associate company, as part of its ongoing exit from the…

Funding

Qween

Luxury jewellery startup QWEEN raised funding from Bollywood actors Aamir Khan and Ranbir Kapoor, though the investment amount was not disclosed.

Investors Aamir Khan, Ranbir Kapoor
Luxury jewellery
ContractTechnology

Veefin solutions · client: Bank of the philippine islands

The partnership will see BPI adopt Veefin’s end-to-end supply chain finance (SCF) platform to enhance its digital SCF services for corporate clients and their supplier networks.

Banking
M&AAcquisition · Announced

Vertoz acquires Webimax

Vertoz, a global MadTech and CloudTech company, through its US subsidiary, Vertoz Inc has signed a definitive agreement to acquire Webimax LLC, an AI-driven marketing automation company…

AI-driven marketing automation
FundingSeries B

Unlock technologies

Sidley is representing D2 Asset Management in its US$280 million minority investment in Unlock Technologies, a leading fintech company that provides home equity agreements to potential…

Investors D2 Asset Management
FinTech
FundingPrivate placement

Mobavenue

Mumbai-based AI startup Mobavenue AI Tech’s board has approved plans to raise about INR 100 Cr through a preferential issue of 9.19 Lakh equity shares.

Investors Pipal Capital Management, Aman Shivraj Agro Industries, Amit Mishra, Mj Construction
AI

Enterprise applications companies in Maharashtra, by revenue

Browse enterprise applications 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 1,029 enterprise applications 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

Online retailer of TMT, steel HR coil, and cement products

Manufacturing tech
₹3,983.39 crFY 2024-25
+180%2024–2025
912-63% 12 mo to Sep 2024LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Developer of e-learning content, mobile and web applications, and LMS solutions

Hrtech
₹3,168.83 crFY 2024-25
+731%2024–2025
52-14% 12 mo to Feb 2024LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Provider of credit scores datasets

Data as a service
₹2,306.28 crFY 2024-25
+17%2024–2025
1,017+18% 12 mo to Sep 2024LinkedIn · Jul 2026
26 yr2000
0none in 3 months

Online platform providing public companies information

Investment tech
₹1,714.15 crFY 2024-25
+13%2024–2025
235+8% 12 mo to Sep 2024recorded Sep 2024
30 yr1996
0none in 3 months

Cloud based text analytics and cognitive automation tool

Robotic process automation
₹1,594.96 crFY 2023-24
Not reported
8,351LinkedIn · Jul 2026
51 yr1975
1postings · last posted Aug 2026

A technology-driven business services provider in healthcare

Life sciences tech
₹1,580.64 crFY 2024-25
+39%2024–2025
468LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Platform designed to streamline business spends, payments, and rewards through automated and innovative workflows

Hrtech
₹1,330.53 crFY 2024-25
+69%2024–2025
523+50% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Compliance management platform for financial institutions

Regtech
₹1,058.16 crFY 2024-25
+14%2024–2025
—Not available
6 yr2020
0none in 3 months

Provider of an AI-powered platform for customer engagement and marketing

Customer success management
₹885.84 crFY 2024-25
+11%2024–2025
1,279-48% vs previous recordLinkedIn · Jul 2026
28 yr1998
27postings · last posted Sep 2026

Provider of supply chain financing solutions for small and medium enterprises

Alternative lending
₹568.70 crFY 2024-25
+42%2024–2025
1,327+48% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months · last posted Jun 2026

Provider of working capital solutions and supply chain finance programs

Scm software
₹497.34 crFY 2024-25
Not reported
220+1% 12 mo to Aug 2024LinkedIn · Jul 2026
9 yr2017
8postings · last posted Sep 2026

Provider of marketing and digital transformation solutions for businesses

Marketingtech
₹460.67 crFY 2024-25
+141%2024–2025
143+4% 12 mo to Jul 2024LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Provider of material picking and handling solutions

Scm software
₹443.25 crFY 2024-25
+21%2024–2025
177+8% 12 mo to Jun 2024LinkedIn · Jul 2026
14 yr2012
2postings · last posted Sep 2026

Manufacturer of industrial inkjets, laser printing and case coding products

Manufacturing tech
₹398.84 crFY 2022-23
Not reported
434+10% 12 mo to Jul 2024recorded Jul 2024
66 yr1960
0none in 3 months · last posted Jun 2026

Provider of technology solutions for loyalty programs, travel, and payments

Loyalty software
₹409.08 crFY 2024-25
-35%2024–2025
357+2% 12 mo to Sep 2024LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Provider of MadTech and CloudTech platforms for digital advertising solutions

Marketingtech
₹262.18 crFY 2024-25
+67%2024–2025
309+46% 12 mo to Feb 2024LinkedIn · Jul 2026
14 yr2012
20postings · last posted Sep 2026

Online B2B platform for industrial supply

Scm software
₹249.78 crFY 2024-25
+14%2024–2025
131-14% 12 mo to Sep 2024LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Credit rating and research agency offering financial data

Alternative lending
₹233.18 crFY 2024-25
+10%2024–2025
273+3% 12 mo to Sep 2024recorded Sep 2024
31 yr1995
0none in 3 months

Provider of additive manufacturing, CNC machining, and reverse engineering services

Manufacturing tech
₹224.02 crFY 2024-25
+2%2024–2025
154-37% 12 mo to Aug 2024LinkedIn · Jul 2026
17 yr2009
0none in 3 months · last posted Feb 2026

Provider of data-centric security software for preventing data theft and compliance

Enterprise information management
₹212.03 crFY 2024-25
+53%2024–2025
497+30% 12 mo to Aug 2024LinkedIn · Jul 2026
18 yr2008
4postings · last posted Sep 2026

AI powered cpaas and marketing platform

Customer success management
₹209.97 crFY 2024-25
-17%2024–2025
326-41% 12 mo to Aug 2024LinkedIn · Jul 2026
26 yr2000
0none in 3 months

Provider of intralogistics and warehouse automation solutions for various industries

Scm software
₹207.36 crFY 2024-25
+1%2024–2025
578LinkedIn · Jul 2026
27 yr1999
1postings · last posted Jul 2026

Provider of message and email marketing solution

Marketingtech
₹194.88 crFY 2022-23
+12%2022–2023
407+0% 12 mo to Jun 2024LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Manufacturer of metal components and provider of metal fabrication services

Manufacturing tech
₹198.49 crFY 2024-25
-15%2024–2025
65LinkedIn · Jul 2026
10 yr2016
0none in 3 months · last posted May 2026

Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions

E-commerce enablers
₹185.01 crFY 2022-23
+37%2022–2023
156-26% 12 mo to Aug 2024LinkedIn · Jul 2026
11 yr2015
1postings · last posted Jul 2026
50 of 4,147 companies shown here · the full list is on Radar
Fliar Radar

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Explore enterprise applications companies in Maharashtra by what you are looking for

Find enterprise software solutions and enterprise application companies in Maharashtra, from ERP and HR software to CRM and analytics. Browse enterprise software companies, enterprise applications startups in Maharashtra and top enterprise applications companies by category.

9 ways to explore enterprise applications in Maharashtra

ERP & enterprise software solutions companiesHR, payroll & recruitment software companiesMarketing, CRM & sales automation software companiesAI, data analytics & business intelligence companiesCompliance, legal, finance & document software companiesManufacturing & supply chain software companies

ERP & enterprise software solutions companies

Companies building ERP, management and general business software for enterprises and small businesses.

  1. Goapptiv

    A technology-driven business services provider in healthcare

    Life sciences tech
    See in list
  2. PeopleHR India

    Cloud-based HRMS platform for enterprises

    Hrtech
    Website
  3. ZingHR

    Provider of human capital management software with AI and blockchain features

    Hrtech
    See in list
  4. TeamLease Edtech

    Provider of employability solutions and educational technology for higher education

    Enterprise resource planning
    See in list
  5. Paptronics

    Educational technology company for teachers and coaching institutes

    Enterprise resource planning
    See in list

HR, payroll & recruitment software companies

Enterprise HR platforms covering hiring, applicant tracking, payroll and employee benefits.

  1. PeopleHR India

    Cloud-based HRMS platform for enterprises

    Hrtech
    Website
  2. TalentPool

    Provider of recruitment software for streamlined hiring processes

    Hrtech
    See in list
  3. ZingHR

    Provider of human capital management software with AI and blockchain features

    Hrtech
    See in list
  4. Remunance

    Provider of talent acquisition, HR, regulatory compliance, and infrastructural support services

    Hrtech
    See in list
  5. Prismforce

    Provider of AI-powered talent supply chain software for tech services

    Hrtech
    Website

Marketing, CRM & sales automation software companies

Enterprise tools for CRM, lead management, marketing automation and sales teams.

  1. Goapptiv

    A technology-driven business services provider in healthcare

    Life sciences tech
    See in list
  2. Netcore Cloud

    Provider of an AI-powered platform for customer engagement and marketing

    Customer success management
    See in list
  3. Wondrlab

    Provider of marketing and digital transformation solutions for businesses

    Marketingtech
    See in list
  4. Vertoz

    Provider of MadTech and CloudTech platforms for digital advertising solutions

    Marketingtech
    See in list
  5. Helo.ai

    AI powered cpaas and marketing platform

    Customer success management
    See in list

AI, data analytics & business intelligence companies

Enterprise AI, data services and business intelligence platforms.

  1. Bloomberg India

    Online platform providing public companies information

    Investment tech
    See in list
  2. Datamatics

    Cloud based text analytics and cognitive automation tool

    Robotic process automation
    See in list
  3. India Ratings and Research

    Credit rating and research agency offering financial data

    Alternative lending
    See in list
  4. Haber

    AI based automation solutions for process and utility optimization

    Business intelligence
    See in list
  5. Samco

    Provider of a platform for stock trading and investment recommendations

    Investment tech
    See in list

Compliance, legal, finance & document software companies

Software for governance and compliance, legal practice, accounting and document handling.

  1. Datamatics

    Cloud based text analytics and cognitive automation tool

    Robotic process automation
    See in list
  2. Zaggle

    Platform designed to streamline business spends, payments, and rewards through automated and innovative workflows

    Hrtech
    See in list
  3. EzeeTask

    Compliance management platform for financial institutions

    Regtech
    See in list
  4. CredAble

    Provider of working capital solutions and supply chain finance programs

    Scm software
    See in list
  5. India Ratings and Research

    Credit rating and research agency offering financial data

    Alternative lending
    See in list

Manufacturing & supply chain software companies

Manufacturing execution, industrial and supply chain software providers.

  1. JSW One MSME

    Online retailer of TMT, steel HR coil, and cement products

    Manufacturing tech
    See in list
  2. Mintifi

    Provider of supply chain financing solutions for small and medium enterprises

    Alternative lending
    See in list
  3. CredAble

    Provider of working capital solutions and supply chain finance programs

    Scm software
    See in list
  4. Jungheinrich India

    Provider of material picking and handling solutions

    Scm software
    See in list
  5. Videojet

    Manufacturer of industrial inkjets, laser printing and case coding products

    Manufacturing tech
    See in list

School & college management software companies

ERP and learning software for schools, colleges and training providers.

  1. TeamLease Edtech

    Provider of employability solutions and educational technology for higher education

    Enterprise resource planning
    See in list
  2. Paptronics

    Educational technology company for teachers and coaching institutes

    Enterprise resource planning
    See in list
  3. JUNO

    Provider of ERP solutions for educational institutions

    K-12 edtech
    Website
  4. EduplusCampus

    Cloud-based education management system that provides an end-to-end solution for education institutions

    Enterprise resource planning
    Website
  5. iBtions

    The company offers software development and digital transformation services

    Pre-k edtech
    Website

Enterprise applications startups in Maharashtra

Recently founded enterprise software and applications companies in Maharashtra.

  1. Prismforce

    Provider of AI-powered talent supply chain software for tech services

    Hrtech
    Website
  2. Rawmart

    Provider of end-to-end manufacturing solutions for SMEs

    Construction tech
    Website
  3. DoubleTick

    A cloud-based WhatsApp API and CRM solution

    Marketingtech
    Website
  4. Enertia Worldwide

    Provider of loyalty and rewards platforms for businesses and their customers

    Loyalty software
    Website
  5. Proceso

    Provider of low code platform for process automation

    Enterprise collaboration
    Website
825 companies in Maharashtra

Listed enterprise applications companies in Maharashtra

Publicly listed enterprise applications companies based in Maharashtra.

  1. Datamatics

    Cloud based text analytics and cognitive automation tool

    Robotic process automation
    See in list
  2. Zaggle

    Platform designed to streamline business spends, payments, and rewards through automated and innovative workflows

    Hrtech
    See in list
  3. Vertoz

    Provider of MadTech and CloudTech platforms for digital advertising solutions

    Marketingtech
    See in list
  4. NPST

    Provider of digital payment solutions for banks, fintechs, and merchants

    Grc software
    See in list
  5. Trejhara

    Provider of cloud-based supply chain management solutions

    Scm software
    See in list
18 companies in Maharashtra
Mobile reach

Top 10 enterprise applications apps from Maharashtra

The most-installed Android apps published by enterprise applications companies headquartered in Maharashtra — 20.2M installs between them. 393 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

ZingHR

by ZingHR

Installs5.9M
Rating3.74154K ratings
Installs, year on year+25%
Last updatedMay 2026
View on Google Play ↗
ZingHR screenshot 1ZingHR screenshot 2ZingHR screenshot 3ZingHR screenshot 4ZingHR screenshot 5ZingHR screenshot 6
2

Futwork - Remote Opportunities

by Futwork

Installs2.7M
Rating4.028K ratings
Last updatedMay 2026
View on Google Play ↗
Futwork - Remote Opportunities screenshot 1Futwork - Remote Opportunities screenshot 2Futwork - Remote Opportunities screenshot 3Futwork - Remote Opportunities screenshot 4Futwork - Remote Opportunities screenshot 5
3

VideoTone: Phone Dialer

by Flickstree

Installs1.8M
Rating3.953K ratings
Installs, year on year+17%
Last updatedMay 2026
View on Google Play ↗
VideoTone: Phone Dialer screenshot 1VideoTone: Phone Dialer screenshot 2VideoTone: Phone Dialer screenshot 3VideoTone: Phone Dialer screenshot 4VideoTone: Phone Dialer screenshot 5VideoTone: Phone Dialer screenshot 6
4

QuickSell Catalogue Commerce

by QuickSell

Installs1.8M
Rating3.8613K ratings
Installs, year on year+8%
Last updatedSep 2025
View on Google Play ↗
QuickSell Catalogue Commerce screenshot 1QuickSell Catalogue Commerce screenshot 2QuickSell Catalogue Commerce screenshot 3QuickSell Catalogue Commerce screenshot 4QuickSell Catalogue Commerce screenshot 5QuickSell Catalogue Commerce screenshot 6
5

Samco: Stocks & Recommendation

by Samco

Installs1.7M
Rating3.869K ratings
Last updatedMay 2026
View on Google Play ↗
Samco: Stocks & Recommendation screenshot 1Samco: Stocks & Recommendation screenshot 2Samco: Stocks & Recommendation screenshot 3Samco: Stocks & Recommendation screenshot 4Samco: Stocks & Recommendation screenshot 5Samco: Stocks & Recommendation screenshot 6
6

InTouch Contacts & Caller ID

by InTouchApp

Installs1.7M
Rating3.719K ratings
Installs, year on year+4%
Last updatedJan 2026
View on Google Play ↗
InTouch Contacts & Caller ID screenshot 1InTouch Contacts & Caller ID screenshot 2InTouch Contacts & Caller ID screenshot 3InTouch Contacts & Caller ID screenshot 4InTouch Contacts & Caller ID screenshot 5InTouch Contacts & Caller ID screenshot 6
8

Workline

by Workline

Installs1.3M
Rating3.128K ratings
Installs, year on year+24%
Last updatedJun 2026
View on Google Play ↗
Workline screenshot 1Workline screenshot 2Workline screenshot 3Workline screenshot 4Workline screenshot 5Workline screenshot 6
9

PDF Document Scanner-NetraScan

by Netrascan Technologies.

Installs1.2M
Rating4.279K ratings
Installs, year on year+10%
Last updatedMay 2026
View on Google Play ↗
PDF Document Scanner-NetraScan screenshot 1PDF Document Scanner-NetraScan screenshot 2PDF Document Scanner-NetraScan screenshot 3PDF Document Scanner-NetraScan screenshot 4PDF Document Scanner-NetraScan screenshot 5PDF Document Scanner-NetraScan screenshot 6
10

Equitymaster: Honest Research

by Equitymaster

Installs710K
Rating4.16K ratings
Last updatedFeb 2026
View on Google Play ↗
Equitymaster: Honest Research screenshot 1Equitymaster: Honest Research screenshot 2Equitymaster: Honest Research screenshot 3Equitymaster: Honest Research screenshot 4Equitymaster: Honest Research screenshot 5Equitymaster: Honest Research screenshot 6
The business behind the activity

Enterprise applications financials in Maharashtra

Revenue, profit and growth from the filed annual accounts of 910 enterprise applications companies in Maharashtra for FY24-25 — 1,155 of the 4,147 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 42% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹24,033.18 cr

910 companies filing accounts

combined net profit₹1,541.34 cr

6.4% aggregate margin

are profitable58%

524 of 910 companies

median revenue~₹1.9 cr

the typical company

median revenue growth+15%

into FY24-25

earned by the top five42%

revenue concentration

Six-year view

Combined revenue of filing companies

₹8,652.88 crFY19-20737 filers
₹9,601.14 crFY20-21801 filers
₹10,998.55 crFY21-22835 filers
₹14,726.05 crFY22-23894 filers
₹19,128.15 crFY23-24918 filers
₹24,033.18 crFY24-25910 filers

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

Like-for-like

The same 780 companies over three years

+60%
FY22-23₹13,198.58 cr₹1,005.39 cr net
FY23-24₹16,424.37 cr₹1,451.47 cr net
FY24-25₹21,151.85 cr₹1,554.09 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 cr35238% profitable
₹1–10 cr34563% profitable
₹10–100 cr18079% profitable
₹100–1,000 cr2889% profitable
Over ₹1,000 cr580% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking288
0–20%164
20–50%188
50–100%92
Doubled+110

842 companies with accounts for both years; median growth +15%.

Profitability

Profit is concentrated at the top

524profitable
386loss-making
6.4%aggregate margin
1.5%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
ShezartechSHEZAR WEB TECHNOLOGIES PRIVATE LIMITED+731%₹3,168.83 cr
Clinics On CloudSEHATPRO TECHNOLOGIES PRIVATE LIMITED+479%₹17.38 cr
WPCentralSOFTACULOUS LIMITED+362%₹24.62 cr
Hour4uHOUR4U TECHNOLOGIES PRIVATE LIMITED₹11.57 cr
HuHoKaCENTRALOGIC INDIA PRIVATE LIMITED+204%₹17.93 cr
VSIGNVERASYS LIMITED+182%₹86.91 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
WPCentralSOFTACULOUS LIMITED60.9%₹24.62 cr
Cube27CUBE27 IT PRIVATE LIMITED45.8%
EduplusCampusUDNAV SOFTWARE SERVICES PRIVATE LIMITED43.6%₹23.98 cr
CARE RatingsCARE RATINGS LIMITED38.1%₹388.08 cr
India Ratings and ResearchINDIA RATINGS AND RESEARCH PRIVATE LIMITED35.6%₹233.18 cr
Shaurya TechnologiesSHAURYA TECHNOSOFT PRIVATE LIMITED35.2%₹63.74 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Hrtech149₹5,633.97 cr~₹1.2 cr55%2.1%
Data as a service25₹2,979.36 cr~₹5.0 cr68%27.9%
Investment tech12₹2,256.54 cr~₹14.7 cr75%9.7%
Manufacturing tech52₹1,374.45 cr~₹1.4 cr71%7.2%
Scm software39₹1,363.76 cr~₹2.9 cr54%-1.6%
Customer success management17₹1,353.19 cr~₹8.3 cr65%5.4%
Marketingtech74₹924.87 cr~₹1.3 cr53%-2.0%
Robotic process automation10₹910.93 cr~₹2.2 cr50%6.8%
Leaders

Largest enterprise applications companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
ShezartechSHEZAR WEB TECHNOLOGIES PRIVATE LIMITED₹3,168.83 cr₹23.63 cr0.7%+731%
TransUnion CIBILTRANSUNION CIBIL LIMITED₹2,306.28 cr₹802.19 cr34.8%+17%
Bloomberg IndiaBLOOMBERG DATA SERVICES (INDIA) PRIVATE LIMITED₹1,714.15 cr₹52.84 cr3.1%+13%
GoapptivGOAPPTIV PRIVATE LIMITED₹1,580.63 cr−₹3.93 cr-0.2%+39%
ZaggleZaggle Prepaid Ocean Services Limited₹1,327.16 cr₹87.48 cr6.6%+69%
Netcore CloudNetcore Private Limited₹809.69 cr₹50.75 cr6.3%+10%
DatamaticsDatamatics Global Services Limited₹752.72 cr₹55.36 cr7.4%-2%
VideojetVIDEOJET TECHNOLOGIES (I) PRIVATE LIMITED₹469.70 cr₹52.23 cr11.1%+7%
Jungheinrich IndiaJUNGHEINRICH LIFT TRUCK INDIA PRIVATE LIMITED₹443.25 cr₹6.12 cr1.4%+21%
CARE RatingsCARE RATINGS LIMITED₹388.08 cr38.1%+18%
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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

Enterprise applications funding and M&A across India

4,644 recorded equity rounds have gone to 28,056 enterprise applications 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 months98

US$526.95m

equity rounds, last 24 months320

US$1.37bn

raised over five yearsUS$7.57bn

1,944 rounds in India

M&A deals, Maharashtra62

last 24 months

Capital by year

Equity funding into enterprise applications in India

amount rounds
$460m2018354
$844m2019370
$758m2020383
$2.7bn2021492
$2.1bn2022543
$900m2023346
$814m2024302
$660m2025203
$421m202658

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$2.70bn across 492 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$74.14m297 rounds · median US$76k
SeedUS$890.69m1,235 rounds · median US$400k
Series AUS$1.52bn250 rounds · median US$4.00m
Series BUS$1.38bn82 rounds · median US$14.15m
Series CUS$927.16m30 rounds · median US$24.47m
Series D+US$2.78bn50 rounds · median US$40.00m
Where the money went · five years

Most-funded sub-sectors

HrtechUS$1.14bn347 rounds · 191 companies
B2b e-commerceUS$1.03bn26 rounds · 10 companies
PaymentsUS$546.73m9 rounds · 5 companies
MarketingtechUS$392.63m134 rounds · 83 companies
Tech for traditional advertisingUS$374.24m19 rounds · 8 companies
Alternative lendingUS$354.09m17 rounds · 7 companies
Manufacturing techUS$285.53m113 rounds · 52 companies
Corporate activity · last 24 months

M&A in Maharashtra

58Acquisition
3Merger
1Terminated

Most active acquirers

  1. Zaggle Prepaid Ocean Services23
  2. Veefin solutions10
  3. Jsw one3
  4. Wondrlab3
  5. Gyde2

Most acquired or merged

  1. Mobileware technologies3
  2. Dice2
  3. Na2
  4. Effiasoft2
  5. Hashtag loyalty2

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

Enterprise applications funding in Maharashtra

303 enterprise applications companies in Maharashtra have recorded equity funding, US$1.84bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Maharashtra

Meet the people behind enterprise applications companies in Maharashtra. 1,983 of 4,147 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Maharashtra enterprise applications companies by sub-sector

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

Keep exploring enterprise applications in India and nearby markets.

Coming soon