Company lists
The Ahmedabad edition · 2026

Environmentcompanies in Ahmedabad

Solar, waste & water, consultancy, wind & bioenergy, green buildings and more: the companies building environment in Ahmedabad, Gujarat, with their founders, funding, team size and business models.

247 company profiles119 with reported revenue12 with recorded fundingSeptember 2026 edition
Ahmedabad · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent environment business events in India

Funding, M&A, contract wins and launches involving 5,556 environment companies in India, last 24 months: 660 Contracts · 148 M&A deals · 92 funding rounds · 8 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

ContractTechnology

Sharika enterprises · client: Uttarakhand Power Corporation (UPCL)

Sharika Enterprises, a power sector and smart infrastructure solution company, has secured a key subcontract for the deployment of an Advanced Distribution Management System (ADMS) under…

Power distribution
ContractSupply

Ganesh Green Bharat · client: NTPC Renewable Energy

Ganesh Green Bharat Ltd bagged a 1,000 MWh Battery Energy Storage System (BESS) engineering, procurement, and construction (EPC) contract from NTPC Renewable Energy Ltd (NTPC REL).

Renewable energy
FundingQualified Institutional Placement (QIP)

Acme solar

Acme Solar aims to raise up to ₹2,800 crore through the QIP. The issue comprises a base size of ₹2,600 crore, along with a greenshoe option of ₹200 crore.

Investors Na
ContractSupply

Sharika enterprises · client: East india udyog

Smart grid firm Sharika Enterprises Limited has secured a ₹24.90 crore subcontract from East India Udyog Limited for UPCL's Ganga Corridor project.

Power
M&AAcquisition · Announced

Aditya birla group acquires Sprng energy

According to sources to Manicontrol, after collecting binding bids, Aditya Birla Group, led by Kumar Mangalum Birla, has taken the lead in the race to buy Indian Renewable Energy…

Renewable Energy
ContractSupply

Hoganäs India Private Limited · client: Hinduja renewables

Hinduja Renewables Energy Private Limited (HREPL), the renewable energy Company of the Hinduja Group, has signed solar Power Delivery Agreements with Höganäs India Private Limited and…

Renewable energy
ContractSupply

Hirschvogel Components · client: Hinduja renewables

Hinduja Renewables Energy Private Limited (HREPL), the renewable energy Company of the Hinduja Group, has signed solar Power Delivery Agreements with Höganäs India Private Limited and…

Renewable energy
ContractSupply

Saatvik Green Energy · client: Domestic independent power producer

Saatvik Green Energy Limited today announced that it has received and accepted an order aggregating to ₹171.45 crore for a domestic independent power producer.

Clean energy / solar
LaunchReverse Mentoring

K raheja corp

K Raheja Corp, one of India's leading real estate conglomerates, has launched 'Reverse Mentoring', a people-focused learning initiative designed to encourage meaningful dialogue between…

Learning and Development
M&AAcquisition · Completed

Thakral acquires TIL Investments Private Limited (TIL)

Thakral Corporation Ltd (TCL) has completed the acquisition of an additional 81.64% equity stake in TIL Investments Private Limited (TIL) through its wholly-owned subsidiary, Paramount…

Healthcare-led real estate development
M&AAcquisition · Announced

JSW Energy acquires Toshiba Jsw Power Systems

JSW Energy has executed definitive agreements to acquire an additional equity stake in Toshiba JSW Power Systems (TJPS), by way of a secondary purchase of equity shares from Toshiba…

Energy
M&AMerger · Completed

Mascot dynamics acquires Amrut Energy Private Limited

Amrut Energy Private Limited, a leading manufacturer of solar-powered water pumping systems, today announced its merger into Mascot Dynamics Private Limited, a diversified engineering…

Solar-powered water pumping systems
M&AAcquisition · Completed

Inox Clean Energy acquires Vibrant energy

Inox Clean Energy Limited has completed the acquisition of Vibrant Energy, a Macquarie-backed renewable independent power producer focused on the commercial and industrial (C&I) segment.…

Renewable independent power producer
ContractSupply

Hpl electric & power · client: GMR Triveni Smart Meters Limited

HPL Electric & Power Limited secured work orders worth Rs. 242.24 crore from multiple infrastructure companies for the supply of smart meters, strengthening its order book and growth…

Smart metering
ContractSupply

Hpl electric & power · client: GMR Kashi Smart Meters Limited

HPL Electric & Power Limited secured work orders worth Rs. 242.24 crore from multiple infrastructure companies for the supply of smart meters, strengthening its order book and growth…

Smart metering
Funding

Waaree energies

Waaree Energies has announced plans to enter the semiconductor segment as part of a broader restructuring exercise, alongside the approval of a fundraising programme of up to ₹100…

Semiconductor, Power Electronics, Renewable Energy
M&AAcquisition · Announced

Waaree acquires Waaree

Waaree Power Private Limited, a wholly owned subsidiary, will acquire 100% shareholding of Waaree Semicon Private Limited from Waaree Sustainable Finance Private Limited

ContractSupply

Bondada Engineering · client: Ambuja cements

Bondada Engineering, a Hyderabad-based engineering, procurement, and construction company, has secured multiple orders worth ₹1.25 billion (~$13.22 million) for a 75 MW solar project in…

Solar
ContractSupply

Bondada Engineering · client: Adani Ports and Special Economic Zone

Bondada Engineering, a Hyderabad-based engineering, procurement, and construction company, has secured multiple orders worth ₹1.25 billion (~$13.22 million) for a 75 MW solar project in…

Solar
M&AAcquisition · Announced

Saatvik Green Energy acquires Melcon

"Our acquisition of Melcon is a strategic step towards deepening our control across the power value chain. By integrating transformer manufacturing, we are not just adding a capability…

Transformer Manufacturing
M&AAcquisition · Announced

Premier energies acquires Ksolare energy

Premier Energies acquired a 51% stake in transformer manufacturer Transcon and inverter producer KSolare Energy. Premier invested INR5 billion (US$56.96 million) in Transcon and INR1.7…

Inverter Production
ContractInfrastructure

Solarworld Energy Solutions Limited · client: NTPC Renewable Energy

Solarworld Energy Solutions Limited has announced the signing of an Engineering, Procurement, and Construction (EPC) contract with NTPC Renewable Energy Limited for the development of a…

Renewable Energy
M&AAcquisition · Completed

Inox Clean Energy acquires Vibrant energy

It then went on to acquire Macquarie-owned Vibrant Energy, an Indian renewable energy company that supplies electricity to Amazon’s establishments in the country.

Renewable Energy
M&AAcquisition · Announced

Inox Clean Energy acquires Sunsource energy

It also announced the acquisition of a solar projects portfolio from SunSource Energy, the Indian arm of the Netherlands-based SHV Energy.

Solar Projects
M&AAcquisition · Announced

Inox Clean Energy acquires Sunsource energy

It also announced the acquisition of a solar projects portfolio from SunSource Energy, the Indian arm of the Netherlands-based SHV Energy.

Solar Energy
ContractGovernment

Uttar Pradesh government · client: Loom solar

Loom Solar has secured a second land allotment from the Uttar Pradesh government to scale its solar and Battery Energy Storage Systems (BESS) manufacturing capacity.

Renewable Energy
FundingLetter of Intent

Zodiac energy

Zodiac Energy has received a Letter of Intent (LoI) worth around $3.28 million (around Rs 30.85 crore) from an international entity based in Zambia. The LoI is for execution of a turnkey…

Investors Na
Solar Energy
M&AAcquisition · Pending

National Investment and Infrastructure Fund (NIIF) acquires Sprng energy

National Investment and Infrastructure Fund (NIIF) has emerged as the frontrunner to acquire Sprng Energy from Shell for nearly $1.7 billion, said people in the know, as India’s…

Renewable Power / Energy
M&AAcquisition · Completed

Shell Group acquires Sprng energy

Shell Group acquired Sprng as part of a global clean energy pivot for $1.55 billion in 2022.

Renewable Energy

Environment companies in Ahmedabad, by revenue

Browse environment companies in Ahmedabad 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 119 environment companies in Ahmedabad, Gujarat 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

Independent power producer from renewable energy sources

Solar energy
₹12,422.00 crFY 2024-25
+18%2024–2025
3,501-26% 12 mo to Jul 2024LinkedIn · Jul 2026
14 yr2012
5postings · last posted Sep 2026

Producer of solar cells and modules

Solar energy
₹6,488.37 crFY 2024-25
+99%2024–2025
5,591+7% 12 mo to Mar 2024LinkedIn · Jul 2026
12 yr2014
11postings · last posted Aug 2026

Developer of solar and wind energy projects

Wind energy
₹5,936.37 crFY 2024-25
+119%2024–2025
124+288% 12 mo to Sep 2024recorded Sep 2024
41 yr1985
0none in 3 months

Manufacturer of solar modules and provider of solar energy solutions

Solar energy
₹1,429.59 crFY 2024-25
+605%2024–2025
18recorded Sep 2024
4 yr2022
0none in 3 months

Developer of solar and wind energy projects

Solar energy
₹1,403.30 crFY 2024-25
+74%2024–2025
83-2% 12 mo to Sep 2024recorded Sep 2024
10 yr2016
0none in 3 months

Provider of solar EPC, IPP services, and battery energy storage systems

Solar energy
₹1,022.91 crFY 2024-25
+7%2024–2025
405+100% 12 mo to Jul 2024LinkedIn · Jul 2026
13 yr2013
0none in 3 months · last posted Jun 2026

Provider of solar advisory and execution services

Solar energy
₹995.89 crFY 2023-24
+147%2023–2024
192+500% vs previous recordLinkedIn · Jul 2026
14 yr2012
0none in 3 months

Renewable energy company specializing in high-quality solar products

Solar energy
₹669.12 crFY 2024-25
+172%2024–2025
430-3% 12 mo to Sep 2024LinkedIn · Jul 2026
21 yr2005
1postings · last posted Aug 2026

Provider of waste recycling services

Waste & water management
₹463.00 crFY 2021-22
+176%2021–2022
7+75% 12 mo to Sep 2024recorded Sep 2024
6 yr2020
0none in 3 months

Provider of waste aluminium recycling services

Waste & water management
₹524.54 crFY 2024-25
+22%2024–2025
—Not available
32 yr1994
0none in 3 months

Provider of solar water pumping systems and other solar energy solutions

Solar energy
₹520.37 crFY 2024-25
+42%2024–2025
—Not available
32 yr1994
0none in 3 months

Multinational conglomerate operating across six industry verticals, including flexible packaging, industrial material handling, solar renewables, drip irrigation and pipes

Solar energy
₹492.63 crFY 2024-25
+11%2024–2025
1,222+79% vs previous recordLinkedIn · Jul 2026
14 yr2012
0none in 3 months

Provider of wastewater management services

Waste & water management
₹464.72 crFY 2024-25
+23%2024–2025
192LinkedIn · Jul 2026
30 yr1996
0none in 3 months · last posted Sep 2025

Manufacturer of solar panels and other renewable energy products

Solar energy
₹441.14 crFY 2024-25
+193%2024–2025
285+98% 12 mo to Sep 2024LinkedIn · Jul 2026
13 yr2013
1postings · last posted Jul 2026

Installation of solar parabolic trough, solar water heaters and panels

Solar energy
₹409.67 crFY 2024-25
Not reported
119+11% 12 mo to Jul 2024recorded Jul 2024
34 yr1992
1postings · last posted Jul 2026

Manufacturer of mono and poly crystalline PV modules, solar pumps, and solar street lights

Solar energy
₹330.82 crFY 2024-25
+64%2024–2025
127+6% 12 mo to Sep 2024LinkedIn · Jul 2026
16 yr2010
0none in 3 months

Provider of EPC sustainable solutions utilizing green energy with a focus on solar power

Solar energy
₹321.76 crFY 2024-25
+87%2024–2025
134+456% 12 mo to Sep 2024LinkedIn · Jul 2026
27 yr1999
0none in 3 months

Deon Energy Limited: Solar infrastructure projects, Solar PV Modules, Manufacturing plan, Sustainable energy, Solar and Wind Energy

Solar energy
₹286.05 crFY 2024-25
Not reported
78LinkedIn · Jul 2026
8 yr2018
0none in 3 months · last posted Jun 2026

Industrial wastewater treatment solutions provider

Waste & water management
₹271.28 crFY 2024-25
+2%2024–2025
269+21% 12 mo to Feb 2024LinkedIn · Jul 2026
15 yr2011
2postings · last posted Aug 2026

Provider of water purification services

Waste & water management
₹256.52 crFY 2023-24
+26%2023–2024
149+6% 12 mo to Sep 2024LinkedIn · Jul 2026
20 yr2006
0none in 3 months

Provider of finance, insurance, and renewable energy solutions

Solar energy
₹235.51 crFY 2024-25
+132%2024–2025
74LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Company specializing in solar PV manufacturing and solutions

Solar energy
₹231.09 crFY 2024-25
+30%2024–2025
—Not available
8 yr2018
0none in 3 months

Manufacturer of solar powered products

Solar energy
₹190.29 crFY 2024-25
+98%2024–2025
44+50% 12 mo to Sep 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months · last posted Feb 2025

Manufacturer of solar panel

Solar energy
₹186.55 crFY 2024-25
+78%2024–2025
113+40% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Supplier of stainless steel billets and scrap

Manufacturing services
₹185.43 crFY 2024-25
+70%2024–2025
—Not available
7 yr2019
0none in 3 months
50 of 247 companies shown here · the full list is on Radar
Fliar Radar

Explore all 247 environment companies in Ahmedabad on Radar

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

Open environment in Ahmedabad on Radar
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  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
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Explore environment companies in Ahmedabad by what you are looking for

Find top environmental companies in Ahmedabad, from solar and wind developers to waste and water treatment firms. Browse environment startups in Ahmedabad and listed companies working on a cleaner future.

9 ways to explore environment in Ahmedabad

Solar energy companiesWaste & water management companiesEnvironmental consultancy & compliance servicesWind energy & bioenergy companiesGreen building companiesAir quality & pollution control companies

Solar energy companies

Solar panel makers, rooftop installers and solar project developers.

  1. Adani Solar

    Producer of solar cells and modules

    Solar energy
    See in list
  2. GREW

    Manufacturer of solar modules and provider of solar energy solutions

    Solar energy
    See in list
  3. Vishakha Renewables

    Developer of solar and wind energy projects

    Solar energy
    See in list
  4. Solar ACE

    Provider of solar energy design, engineering, procurement, operation & maintenance services

    Solar energy
    Website
  5. Prozeal Green

    Provider of solar EPC, IPP services, and battery energy storage systems

    Solar energy
    See in list

Waste & water management companies

Wastewater treatment, recycling and solid waste management providers.

  1. Alka Chemi Pack

    Provider of waste recycling services

    Waste & water management
    See in list
  2. Baheti Recycling Industries

    Provider of waste aluminium recycling services

    Waste & water management
    See in list
  3. Bhugan

    Provider of wastewater management services

    Waste & water management
    See in list
  4. Arvind Envisol

    Industrial wastewater treatment solutions provider

    Waste & water management
    See in list
  5. Lexcru Water Tech

    Provider of water purification services

    Waste & water management
    See in list

Environmental consultancy & compliance services

Consultants offering environmental impact assessments, audits and testing.

  1. Nepra

    Provides solutions for the collection, segregation, processing, and recycling of municipal dry waste

    Environment consultancy services
    See in list
  2. EcoCare Consultant

    Provider of environmental impact assessments, testing, auditing, and consulting services

    Environment consultancy services
    Website
  3. Malhari Projects

    Provider of waste to air conversion and environmental toxic gas emission services

    Environment consultancy services
    Website
  4. Brook and Blooms

    Provider of solid waste & worshipped flowers and environmental services

    Environment consultancy services
    Website
  5. EET

    Provider of environmental impact assessment, audit, and legal consultancy services

    Environment consultancy services
    Website

Wind energy & bioenergy companies

Wind power developers, turbine makers and biogas or biomass producers.

  1. Adani Green Energy

    Independent power producer from renewable energy sources

    Solar energy
    See in list
  2. Kintech Renewables

    Developer of solar and wind energy projects

    Wind energy
    See in list
  3. GRE Renew Enertech

    Manufacturer of solar panels and indoor LED lights

    Solar energy
    See in list
  4. Jog Waste to Energy

    Developer of biogas digesters and biomass technologies

    Waste & water management
    See in list
  5. Abellon CleanEnergy

    Produces biomass pellets and bio-gas

    Life sciences platforms and tools
    Website

Green building companies

Developers and designers of eco friendly, sustainable buildings.

  1. Ronak Buildwell

    Provider of green building architect and designing services

    Green buildings
    See in list
  2. Sun-Flex

    Supplier and manufacturer of rubber flooring tiles

    Building materials
    Website
  3. India Green

    Designs and develops green buildings

    Green buildings
    Website
  4. Aqua Utility Designs and Management

    Developer of green building communities

    Green buildings
    Website
  5. Domes International (India)

    Developer of green buildings

    Green buildings
    Website

Air quality & pollution control companies

Makers of filters and systems for air quality and pollution control.

  1. Atmos Power

    Manufacturer of industrial gas generation and purification plants. These plants encompass various applications, including nitrogen, oxygen, biogas, hydrogen, and natural gas processing. The company designs and manufactures equipment using high-quality materials and advanced technologies. Services include plant installation, commissioning, and personnel training. The focus is on providing durable, low-maintenance systems that meet diverse industrial needs.

    Air management services
    Website
  2. Unitech Glass Tech

    Manufacturer of specialized glass products for architectural and industrial applications

    Air management services
    Website
  3. Kel India Filters

    Retailer of air filtration products for residential, commercial, and industrial use

    Air management services
    Website
  4. Welron Industries

    Manufacturer of industrial products, including conveyor systems, automation, and storage

    Air management services
    Website
  5. Gopani Product Systems

    Manufacturer of filtration, purification, adsorption, and separation solutions

    Waste & water management
    Website

Environment startups in Ahmedabad

Newer environment companies founded in the last few years.

  1. GREW

    Manufacturer of solar modules and provider of solar energy solutions

    Solar energy
    See in list
  2. Solar ACE

    Provider of solar energy design, engineering, procurement, operation & maintenance services

    Solar energy
    Website
  3. Knack Energy

    Manufacturer and exporter of solar photovoltaic encapsulants & backsheets

    Solar energy
    See in list
  4. Thermosag

    Manufacturer of mvr evaporator, paddle dryer, and hydrocyclone filter

    Waste & water management
    Website
  5. Proc Tech Machineries India

    Manufacturer of waste tyre recycling and pyrolysis plants

    Waste & water management
    Website
26 companies in Ahmedabad

Listed environment companies in Ahmedabad

Publicly listed environment and clean energy companies.

  1. Adani Green Energy

    Independent power producer from renewable energy sources

    Solar energy
    See in list
  2. Kintech Renewables

    Developer of solar and wind energy projects

    Wind energy
    See in list
  3. Gensol

    Provider of solar advisory and execution services

    Solar energy
    See in list
  4. Baheti Recycling Industries

    Provider of waste aluminium recycling services

    Waste & water management
    See in list
  5. Australian Premium Solar

    Manufacturer of solar panels and other renewable energy products

    Solar energy
    See in list
15 companies in Ahmedabad

Environment companies hiring in Ahmedabad

Environment companies in Ahmedabad with open roles.

  1. Adani Green Energy

    Independent power producer from renewable energy sources

    Solar energy
    See in list
  2. Prozeal Green

    Provider of solar EPC, IPP services, and battery energy storage systems

    Solar energy
    See in list
  3. KOSOL Energie

    Renewable energy company specializing in high-quality solar products

    Solar energy
    See in list
  4. Bhugan

    Provider of wastewater management services

    Waste & water management
    See in list
  5. Australian Premium Solar

    Manufacturer of solar panels and other renewable energy products

    Solar energy
    See in list
18 companies in Ahmedabad
Mobile reach

Top 10 environment apps from Ahmedabad

The most-installed Android apps published by environment companies headquartered in Ahmedabad — 146K installs between them. 10 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
5

Evotar Solar

by Evotar

Installs329
Rating—
Last updatedJun 2025
View on Google Play ↗
Evotar Solar screenshot 1Evotar Solar screenshot 2Evotar Solar screenshot 3Evotar Solar screenshot 4Evotar Solar screenshot 5Evotar Solar screenshot 6
6

Onecharge GreenPill

by Greenpill

Installs266
Rating—
Last updatedOct 2025
View on Google Play ↗
Onecharge GreenPill screenshot 1Onecharge GreenPill screenshot 2Onecharge GreenPill screenshot 3Onecharge GreenPill screenshot 4Onecharge GreenPill screenshot 5Onecharge GreenPill screenshot 6
8

CIMinstall

by CIMCON

Installs66
Rating—
Last updatedOct 2025
View on Google Play ↗
CIMinstall screenshot 1CIMinstall screenshot 2CIMinstall screenshot 3CIMinstall screenshot 4CIMinstall screenshot 5CIMinstall screenshot 6
10

VMS

by Nepra

Installs18
Rating—
Last updatedJan 2026
View on Google Play ↗
VMS screenshot 1VMS screenshot 2VMS screenshot 3VMS screenshot 4VMS screenshot 5VMS screenshot 6
The business behind the activity

Environment financials in Ahmedabad

Revenue, profit and growth from the filed annual accounts of 115 environment companies in Ahmedabad, Gujarat for FY24-25 — 134 of the 247 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 77% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹39,854.70 cr

115 companies filing accounts

combined net profit₹2,361.64 cr

5.9% aggregate margin

are profitable86%

99 of 115 companies

median revenue~₹23.4 cr

the typical company

median revenue growth+30%

into FY24-25

earned by the top five77%

revenue concentration

Six-year view

Combined revenue of filing companies

₹7,087.16 crFY19-2097 filers
₹9,425.95 crFY20-2197 filers
₹19,545.61 crFY21-22106 filers
₹17,152.98 crFY22-23114 filers
₹25,797.33 crFY23-24113 filers
₹39,854.70 crFY24-25115 filers

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

Like-for-like

The same 104 companies over three years

+131%
FY22-23₹16,495.36 cr−₹561.18 cr net
FY23-24₹24,337.23 cr−₹23.17 cr net
FY24-25₹38,079.74 cr₹2,251.75 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 cr1250% profitable
₹1–10 cr2673% profitable
₹10–100 cr4696% profitable
₹100–1,000 cr2696% profitable
Over ₹1,000 cr5100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking23
0–20%22
20–50%17
50–100%31
Doubled+16

109 companies with accounts for both years; median growth +30%.

Profitability

Profit is concentrated at the top

99profitable
16loss-making
5.9%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
GREWGREW ENERGY PRIVATE LIMITED+605%₹1,429.59 cr
GreenpillGREENPILL RENEWABLE ENERGY PRIVATE LIMITED
Dnp InfrastructuresDNP INFRASTRUCTURES PRIVATE LIMITED
Australian Premium SolarAUSTRALIAN PREMIUM SOLAR (INDIA) LIMITED+189%₹435.05 cr
Aatmanirbhar SolarAATMANIRBHAR SOLAR PRIVATE LIMITED
KOSOL EnergieKOSOL ENERGIE PRIVATE LIMITED+172%₹669.12 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Solar ManufacturerGRACE INFRASTRUCTURE PRIVATE LIMITED
Felix IndustriesFELIX INDUSTRIES LIMITED22.7%₹33.07 cr
CIMCONCIMCON SOFTWARE (INDIA) PRIVATE LIMITED
Adani SolarMUNDRA SOLAR PV LIMITED16.7%₹6,488.37 cr
MechatronikMECHATRONIK RENEWABLES PRIVATE LIMITED₹20.93 cr
Soleos Solar EnergySOLEOS ENERGY LIMITED12.5%₹191.33 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Solar energy58₹35,587.46 cr~₹40.5 cr95%6.6%
Waste & water management38₹3,493.93 cr~₹21.3 cr84%4.4%
Leaders

Largest environment companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Adani Green EnergyAdani Green Energy Limited₹20,749.00 cr₹654.00 cr3.2%+61%
Adani SolarMUNDRA SOLAR PV LIMITED₹6,488.37 cr₹1,085.03 cr16.7%+99%
GREWGREW ENERGY PRIVATE LIMITED₹1,429.59 cr₹80.18 cr5.6%+605%
Prozeal GreenPROZEAL GREEN ENERGY LIMITED₹1,055.83 cr₹112.63 cr10.7%+10%
Krishna CorpindiaKRISHNA CORPINDIA PRIVATE LIMITED₹1,013.36 cr₹50.89 cr5.0%
KOSOL EnergieKOSOL ENERGIE PRIVATE LIMITED₹669.12 cr₹51.96 cr7.8%+172%
Baheti Recycling IndustriesBAHETI RECYCLING INDUSTRIES LIMITED₹524.54 cr₹18.01 cr3.4%+22%
AVI Renewable EnergyAVI RENEWABLE ENERGY PRIVATE LIMITED₹520.37 cr₹60.27 cr11.6%+42%
VishakhaVISHAKHA POLYFAB PRIVATE LIMITED₹492.63 cr₹26.35 cr5.3%+11%
BhuganBHUGAN INFRACON PRIVATE LIMITED₹464.72 cr₹29.05 cr6.3%+23%
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.

Industry landscape report

Environment Industry Landscape of Ahmedabad

The financials above are one chapter. The full environment landscape of Ahmedabad 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 environment landscape of Ahmedabad
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

Environment funding and M&A across India

599 recorded equity rounds have gone to 5,556 environment companies in India — how much, at which stage, into which sub-sectors, from whom, and how Ahmedabad compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months22

US$804.28m

equity rounds, last 24 months72

US$1.35bn

raised over five yearsUS$5.13bn

219 rounds in India

M&A deals, India148

last 24 months

Capital by year

Equity funding into environment in India

amount rounds
$997m201836
$1.1bn201928
$471m202022
$691m202133
$1.3bn202232
$1.0bn202333
$844m202467
$862m202543
$389m202611

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2022, with US$1.31bn across 32 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$103.33m29 rounds · median US$283k
SeedUS$83.85m91 rounds · median US$434k
Series AUS$405.26m39 rounds · median US$4.58m
Series BUS$618.28m16 rounds · median US$26.05m
Series CUS$638.22m17 rounds · median US$35.61m
Series D+US$2.17bn20 rounds · median US$58.75m
Private equityUS$1.11bn7 rounds · median US$175.00m
Where the money went · five years

Most-funded sub-sectors

Solar energyUS$3.38bn122 rounds · 64 companies
Wind energyUS$771.24m11 rounds · 4 companies
Renewable energy techUS$661.80m5 rounds · 3 companies
Waste & water managementUS$103.65m32 rounds · 26 companies
Air management servicesUS$87.06m5 rounds · 3 companies
Alternative lendingUS$54.61m4 rounds · 1 companies
Green buildingsUS$17.26m5 rounds · 4 companies
Corporate activity · last 24 months

M&A in India

140Acquisition
7Merger
1Announced

Most active acquirers

  1. Waaree energies14
  2. Inox Clean Energy11
  3. Premier energies9
  4. ONGC-NTPC Green Pvt Ltd8
  5. Thermax4

Most acquired or merged

  1. Sprng energy10
  2. Ayana renewable power9
  3. Wind World India7
  4. Vibrant energy6
  5. Ksolare energy6

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

Environment funding in Ahmedabad

12 environment companies in Ahmedabad have recorded equity funding, US$244.38m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Ahmedabad

Meet the people behind environment companies in Ahmedabad. 102 of 247 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Ahmedabad environment companies by sub-sector

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

Keep exploring environment in India and nearby markets.

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