Company lists
The Mumbai edition · 2026

Enterprise softwarecompanies in Mumbai

ERP, manufacturing software, HR software, CRM & sales tools, marketing tech and more: the companies building enterprise software in Mumbai, Maharashtra, with their founders, funding, team size and business models.

2,308 company profiles591 with reported revenue202 with recorded fundingSeptember 2026 edition
Mumbai · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent enterprise software business events in Mumbai

Funding, M&A, contract wins and launches involving 3,135 enterprise software companies in Mumbai, last 24 months: 57 Contracts · 57 M&A deals · 28 launches · 21 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

Endurance technologies acquires Adler

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

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
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

Mumbai: Think9, founded by Ashni Biyani and Avni Biyani along with brand evangelist Santosh Desai, has announced the acquisition of Whoppl, marking a strategic step in its ambition to…

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
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
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
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
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
ContractTechnology

Sapio · client: Solvay

Solvay and Sapio have signed a 10-year agreement to develop renewable hydrogen production at Solvay’s Rosignano site in Italy, a key component of the Hydrogen Valley Rosignano Project…

Renewable Energy
ContractSupply

Newstech india · client: Malayala Manorama

After having successfully deployed five Mitsubishi Diamond Spirit-SA presses in 2013, Malayala Manorama has placed an order for two Diamond Spirit-SA presses with Mitsubishi’s India…

LaunchVariable Pricing Model

Netcore cloud

Netcore Cloud has launched a Variable Pricing Model for its Agentic Marketing Platform, becoming the first in the world to link marketing technology costs directly to real business results.

Agentic Marketing Platform
Funding

Customer Capital

Sky7 Ventures has invested in Customer Capital, a rapidly growing loyalty and fintech platform founded by Ajay Row.

Investors Sky7 ventures
Loyalty and fintech
LaunchAgentic Marketing Stack

Netcore cloud

Netcore Cloud has announced the launch of the Agentic Marketing Stack, a first-of-its-kind platform that brings autonomous AI agents into the heart of marketing.

Martech, AI-powered marketing platform
LaunchAstra

Seclore

Seclore, a leading provider of data-centric security solutions to enterprises and governments worldwide, has announced the launch of Astra, its new artificial intelligence (AI) platform…

Data security AI platform
LaunchSureMatch

Impactsure technologies

Impactsure Technologies, a leading global provider of AI-driven solutions for banking and financial services, today announced the launch of SureMatch, its next-generation Agentic AI…

Agentic AI platform for Global Trade

Enterprise software companies in Mumbai, by revenue

Browse enterprise software companies in Mumbai 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 591 enterprise software companies in Mumbai, 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

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

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

Provider of a platform for identity verification and risk management

Grc software
₹191.02 crFY 2024-25
+30%2024–2025
917+21% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
15postings · last posted Aug 2026

Platform offering cloud communications solutions

Customer success management
₹187.96 crFY 2024-25
+58%2024–2025
192LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Engineering and software solution provider

Manufacturing tech
₹186.48 crFY 2024-25
+15%2024–2025
611-12% 12 mo to Sep 2024LinkedIn · Jul 2026
27 yr1999
1postings · last posted Sep 2026

Social media marketing analytics platform

Marketingtech
₹171.54 crFY 2024-25
+5%2024–2025
5-18% 12 mo to Sep 2024LinkedIn · Jul 2026
11 yr2015
0none in 3 months
50 of 2,308 companies shown here · the full list is on Radar
Fliar Radar

Explore all 2,308 enterprise software companies in Mumbai on Radar

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

Open enterprise software in Mumbai on Radar
  • Every company, not just 50All 2,308 enterprise software companies in Mumbai, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
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Explore enterprise software companies in Mumbai by what you are looking for

Whether you are after ERP software companies in Mumbai, enterprise software for manufacturing, HR and recruitment platforms, or listed and newly founded enterprise software companies, start here. Each group below brings together the best-documented Mumbai companies in ERP, HR software, CRM and sales tools, marketing technology, and security and compliance software.

9 ways to explore enterprise software in Mumbai

Enterprise resource planning (ERP) softwareEnterprise software for manufacturingHR and workforce softwareCRM and sales softwareMarketing and advertising technologySecurity, risk and compliance software

Enterprise resource planning (ERP) software

ERP and business-management systems that run finance, inventory, projects and operations from one shared record.

  1. CredAble

    Provider of working capital solutions and supply chain finance programs

    Scm software
    See in list
  2. Veefin

    Provider of supply chain finance technology and digital lending solutions

    Scm software
    See in list
  3. OroSoft

    ERP software and management solutions for the precious metals industry

    Enterprise resource planning
    Website
  4. Frappe Technologies

    Open source company providing web framework and ERP solutions

    Enterprise resource planning
    Website
  5. SBN Technologics

    ERP suite solution for the shipping industry

    Logistics tech
    Website

Enterprise software for manufacturing

Manufacturing execution, quality, maintenance and shop-floor software for factories and industrial companies.

  1. Sarla Technologies

    Engineering and software solution provider

    Manufacturing tech
    See in list
  2. PARASCADD

    AI, ML, and BI-enabled software solutions to facilitate EPC projects

    Manufacturing tech
    Website
  3. Insightzz

    Provider of visual quality and asset inspection automation solutions for the manufacturing sector

    Manufacturing tech
    Website
  4. TranZact

    Provider of cloud-based software for streamlining manufacturing business processes

    Scm software
    Website
  5. Autosys

    Provider of industry manufacturing execution system

    Manufacturing tech
    Website

HR and workforce software

Recruitment, payroll, attendance and HR-management platforms — the single largest group of enterprise software companies in Mumbai.

  1. PeopleHR India

    Cloud-based HRMS platform for enterprises

    Hrtech
    Website
  2. ZingHR

    Provider of human capital management software with AI and blockchain features

    Hrtech
    See in list
  3. Prismforce

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

    Hrtech
    See in list
  4. Watsimp

    Platform that provides employee engagement solutions

    Hrtech
    Website
  5. Spine Technologies

    Provider of HRMS and fixed asset management solutions

    Finance & accounting tech
    Website

CRM and sales software

Customer relationship, lead-management and sales-automation tools used by sales and support teams.

  1. Autobiz

    Lead management system for the automotive industry

    Auto it
    Website
  2. Peel-Works

    Provider of CRM software for grocery retailers

    Sales force automation
    See in list
  3. Tubelight Communications

    Provider of cloud-based communications platform as a service

    Customer success management
    Website
  4. GlobalSpace

    Mobility solutions for sales executives

    Sales force automation
    Website
  5. LocoBuzz

    Customer experience management platform for enterprises

    Customer success management
    Website

Marketing and advertising technology

Marketing automation, advertising, influencer and content tools that marketing teams use to run demand generation.

  1. Vertoz

    Provider of MadTech and CloudTech platforms for digital advertising solutions

    Marketingtech
    See in list
  2. Helo.ai

    AI powered cpaas and marketing platform

    Customer success management
    See in list
  3. Unbox Social

    Social media marketing analytics platform

    Marketingtech
    See in list
  4. Adsolut

    Contextual Ad Network

    Adtech
    See in list
  5. Dove Soft

    Online platform and API offering for sending SMS

    Marketingtech
    See in list

Security, risk and compliance software

Cybersecurity, identity, risk and regulatory-compliance software built for regulated and enterprise buyers.

  1. EzeeTask

    Compliance management platform for financial institutions

    Regtech
    See in list
  2. Seclore

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

    Enterprise information management
    See in list
  3. Idfy

    Provider of a platform for identity verification and risk management

    Grc software
    See in list
  4. Rubix Data Sciences

    Provider of risk assessment, credit decisioning, and debt collection management solutions

    Banking tech
    Website
  5. Techexcel Software Solutions

    Software solutions for financial institutions

    Investment tech
    Website

Listed enterprise software companies

Mumbai enterprise software companies whose shares trade on the stock exchange.

  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. ABM Knowledgeware

    Administration and citizen service solutions

    Govtech
    See in list
  5. Veefin

    Provider of supply chain finance technology and digital lending solutions

    Scm software
    See in list
15 companies in Mumbai

Enterprise software startups in Mumbai

Enterprise software companies founded in the last five years.

  1. Prismforce

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

    Hrtech
    See in list
  2. DoubleTick

    A cloud-based WhatsApp API and CRM solution

    Marketingtech
    Website
  3. Enertia Worldwide

    Provider of loyalty and rewards platforms for businesses and their customers

    Loyalty software
    Website
  4. FileSure

    Compliance platform that aggregates and updates Indian company information, providing instant access to regulatory reports and director data for compliance professionals

    Data as a service
    Website
  5. Customer Capital

    Provider of bespoke education and support services for pupils with diverse needs

    Loyalty software
    Website
461 companies in Mumbai

Enterprise software companies hiring in Mumbai

Mumbai enterprise software companies with open roles or recent job postings.

  1. Datamatics

    Cloud based text analytics and cognitive automation tool

    Robotic process automation
    See in list
  2. Netcore Cloud

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

    Customer success management
    See in list
  3. Mintifi

    Provider of supply chain financing solutions for small and medium enterprises

    Alternative lending
    See in list
  4. CredAble

    Provider of working capital solutions and supply chain finance programs

    Scm software
    See in list
  5. Jungheinrich India

    Provider of material picking and handling solutions

    Scm software
    See in list
43 companies in Mumbai
Mobile reach

Top 10 enterprise software apps from Mumbai

The most-installed Android apps published by enterprise software companies headquartered in Mumbai — 19.2M installs between them. 224 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
7

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
8

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
9

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
10

mInspect - by Servify

by servify

Installs656K
Rating—
Installs, year on year+16%
Last updatedApr 2026
View on Google Play ↗
mInspect - by Servify screenshot 1mInspect - by Servify screenshot 2
The business behind the activity

Enterprise software financials in Mumbai

Revenue, profit and growth from the filed annual accounts of 541 enterprise software companies in Mumbai, Maharashtra for FY24-25 — 684 of the 2,308 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 50% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹18,512.04 cr

541 companies filing accounts

combined net profit₹1,353.21 cr

7.3% aggregate margin

are profitable57%

311 of 541 companies

median revenue~₹2.3 cr

the typical company

median revenue growth+17%

into FY24-25

earned by the top five50%

revenue concentration

Six-year view

Combined revenue of filing companies

₹6,717.33 crFY19-20441 filers
₹7,429.16 crFY20-21474 filers
₹8,134.90 crFY21-22497 filers
₹10,818.38 crFY22-23527 filers
₹14,485.64 crFY23-24543 filers
₹18,512.04 crFY24-25541 filers

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

Like-for-like

The same 469 companies over three years

+66%
FY22-23₹10,433.05 cr₹993.85 cr net
FY23-24₹13,070.30 cr₹1,250.43 cr net
FY24-25₹17,314.19 cr₹1,347.62 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr18536% profitable
₹1–10 cr21963% profitable
₹10–100 cr11376% profitable
₹100–1,000 cr2090% profitable
Over ₹1,000 cr4100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking172
0–20%94
20–50%119
50–100%55
Doubled+65

505 companies with accounts for both years; median growth +17%.

Profitability

Profit is concentrated at the top

311profitable
230loss-making
7.3%aggregate margin
1.4%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
WPCentralSOFTACULOUS LIMITED+362%₹24.62 cr
HuHoKaCENTRALOGIC INDIA PRIVATE LIMITED+204%₹17.93 cr
VSIGNVERASYS LIMITED
IraISVARI TECH PRIVATE LIMITED+165%₹21.72 cr
Simple2CallSIMPLE TELECOM PRIVATE LIMITED+155%
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
WPCentralSOFTACULOUS LIMITED60.9%₹24.62 cr
CARE RatingsCARE RATINGS LIMITED38.1%₹388.08 cr
India Ratings and ResearchINDIA RATINGS AND RESEARCH PRIVATE LIMITED35.6%₹233.18 cr
TransUnion CIBILTRANSUNION CIBIL LIMITED34.8%₹2,306.28 cr
VeefinVEEFIN SOLUTIONS LIMITED
Ixsight TechnologiesIXSIGHT TECHNOLOGIES PRIVATE LIMITED₹14.52 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Hrtech95₹5,143.13 cr~₹1.6 cr54%2.1%
Data as a service12₹2,589.14 cr~₹9.7 cr75%31.8%
Investment tech10₹2,253.08 cr~₹15.7 cr80%9.7%
Customer success management13₹1,348.16 cr~₹22.5 cr62%5.4%
Manufacturing tech21₹989.31 cr~₹5.3 cr62%7.3%
Scm software22₹936.37 cr~₹4.5 cr55%-3.6%
Robotic process automation5₹840.10 cr~₹13.8 cr60%6.7%
Marketingtech44₹730.50 cr~₹2.2 cr57%-3.8%
Leaders

Largest enterprise software 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%
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%
VernostVERNOST TECH VENTURES PRIVATE LIMITED₹341.49 cr₹21.69 cr6.4%-44%
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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.

Industry landscape report

Enterprise Infrastructure Industry Landscape of India

The financials above are one chapter. The full enterprise software landscape of Mumbai maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the enterprise software landscape of Mumbai
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 software funding and M&A across India

4,644 recorded equity rounds have gone to 28,056 enterprise software companies in India — how much, at which stage, into which sub-sectors, from whom, and how Mumbai 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, Mumbai57

last 24 months

Capital by year

Equity funding into enterprise software 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 Mumbai

53Acquisition
3Merger
1Terminated

Most active acquirers

  1. Zaggle Prepaid Ocean Services23
  2. Veefin solutions10
  3. Jsw one3
  4. Wondrlab3
  5. Powersoft2

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 software funding in Mumbai

202 enterprise software companies in Mumbai have recorded equity funding, US$1.36bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Mumbai

Meet the people behind enterprise software companies in Mumbai. 1,177 of 2,308 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Mumbai enterprise software companies by sub-sector

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

Keep exploring enterprise software in India and nearby markets.

Coming soon