Company lists
The India edition · 2026

Environmentcompanies in India

Solar, waste & water, wind & renewables, air & pollution control, consultancy and more: the companies building environment in India, with their founders, funding, team size and business models.

4,601 company profiles2,130 with reported revenue190 with recorded fundingSeptember 2026 edition
India · Photo: Wikimedia Commons (CC BY-SA 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: 661 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.

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
ContractTechnology

Sharika enterprises · client: Uttarakhand Power Corporation

Sharika Enterprises has secured a subcontract for the deployment of an Advanced Distribution Management System (ADMS) under Uttarakhand Power Corporation's flagship Ganga Corridor power…

Power Distribution
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
ContractTechnology

Sharika enterprises · client: Uttarakhand power corporation limited (upcl)

Awarded under the Uttarakhand Power Corporation Limited's (UPCL) flagship Ganga Corridor power distribution modernization project, Sharika Enterprises will work with East India Udyog…

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 India, by revenue

Browse environment companies in India 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 2,130 environment companies in India 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

Provider of solar panels and clean, renewable energy solutions

Solar energy
₹89,609.55 crFY 2023-24
+13%2023–2024
—Not available
33 yr1993
0none in 3 months

Manufacturing of PV modules and solar cells

Solar energy
₹66,809.34 crFY 2024-25
+4%2024–2025
1,177-1% 12 mo to Aug 2023recorded Aug 2023
37 yr1989
0none in 3 months

Online platform for manufacturing structural steel tubes, pipes, and related steel solutions

Solar energy
₹20,785.60 crFY 2024-25
Not reported
1,419+824% vs previous recordLinkedIn · Jul 2026
40 yr1986
6postings · last posted Sep 2026

Manufacturer of solar PV modules

Solar energy
₹14,846.06 crFY 2024-25
+28%2024–2025
2,674+43% 12 mo to Jul 2024LinkedIn · Jul 2026
36 yr1990
2postings · last posted Sep 2026

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

Independent hydel, thermal, solar and wind power producer

Solar energy
₹11,197.14 crFY 2022-23
Not reported
25,000recorded
56 yr1970
—No postings tracked

Wind turbine manufacturer

Wind energy
₹10,993.13 crFY 2024-25
+67%2024–2025
9,559+5% 12 mo to Mar 2024LinkedIn · Jul 2026
31 yr1995
1postings · last posted Jul 2026

Developer of large-scale renewable energy projects

Solar energy
₹10,046.02 crFY 2024-25
-3%2024–2025
2,877+1% 12 mo to Nov 2023recorded Nov 2023
19 yr2007
0none in 3 months

Provider of infrastructure development services

Solar energy
₹6,857.82 crFY 2024-25
+42%2024–2025
6recorded Sep 2024
4 yr2022
0none in 3 months

Producer of secondary aluminum and zinc alloys

Waste & water management
₹6,699.27 crFY 2024-25
+12%2024–2025
8LinkedIn · Jul 2026
20 yr2006
0none in 3 months

Developer of solar energy projects

Solar energy
₹6,652.09 crFY 2024-25
+110%2024–2025
3,297-6% 12 mo to Oct 2023LinkedIn · Jul 2026
31 yr1995
0none in 3 months

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

Provider of solar photovoltaic panels

Solar energy
₹5,341.39 crFY 2024-25
+2193%2024–2025
—Not available
37 yr1989
0none in 3 months

Provider of paper recycling services

Solar energy
₹5,034.19 crFY 2024-25
-19%2024–2025
59-3% 12 mo to Feb 2024LinkedIn · Jul 2026
18 yr2008
0none in 3 months · last posted Jun 2026

Mining, solar and thermal power generation company

Solar energy
₹4,052.30 crFY 2023-24
Not reported
785+0% 12 mo to Jul 2024LinkedIn · Jul 2026
53 yr1973
—No postings tracked

Manufactures wind turbine components

Wind energy
₹3,701.55 crFY 2024-25
+105%2024–2025
1,133+37% 12 mo to Jul 2024LinkedIn · Jul 2026
17 yr2009
0none in 3 months

Manufacturer of solar photovoltaic modules and renewable energy solutions

Solar energy
₹3,459.53 crFY 2024-25
+37%2024–2025
2,092+13% 12 mo to Jul 2024LinkedIn · Jul 2026
21 yr2005
2postings · last posted Sep 2026

Provider of bioethanol and waste water treatment services

Bioenergy
₹3,278.88 crFY 2024-25
-7%2024–2025
2,562+18% 12 mo to Mar 2024LinkedIn · Jul 2026
43 yr1983
3postings · last posted Sep 2026

Manufacturer of precision-engineered products and building solutions

Metals and alloys
₹3,263.27 crFY 2024-25
+3%2024–2025
2,415-0% 12 mo to May 2024LinkedIn · Jul 2026
38 yr1988
0none in 3 months

Integrated manufacturer of products for renewable energy and transmission lines sectors

Electricity transmission & distribution equipment
₹3,165.36 crFY 2024-25
+30%2024–2025
1,107LinkedIn · Jul 2026
30 yr1996
0none in 3 months

Constructs water treatment plants

Waste & water management
₹2,899.80 crFY 2023-24
Not reported
3,079-12% 12 mo to Dec 2023LinkedIn · Jul 2026
102 yr1924
0none in 3 months · last posted Jun 2026

Provider of energy transition and decarbonization solutions

Solar energy
₹2,925.73 crFY 2024-25
+13%2024–2025
2,995-99% 12 mo to Sep 2024LinkedIn · Jul 2026
20 yr2006
0none in 3 months

Manufacturer of photovoltaic solar modules

Solar energy
₹2,832.89 crFY 2024-25
+122%2024–2025
1,090+37% vs previous recordLinkedIn · Jul 2026
9 yr2017
3postings · last posted Sep 2026

Manufacturer generator for wind energy

Wind energy
₹2,711.13 crFY 2024-25
+15%2024–2025
1,189+1% 12 mo to Jul 2024LinkedIn · Jul 2026
42 yr1984
0none in 3 months
50 of 4,601 companies shown here · the full list is on Radar
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Explore all 4,601 environment companies in India on Radar

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

Open environment in India on Radar
  • Every company, not just 50All 4,601 environment companies in India, 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 environment companies in India by what you are looking for

Find top environmental companies in India, from solar and wind energy developers to waste and water management firms. Browse environmental consulting firms in India, environment startups and companies hiring now.

9 ways to explore environment in India

Solar energy companies & panel manufacturersWaste management, recycling & water treatment companiesWind, hydro & renewable energy developersAir pollution control & air quality companiesEnvironmental consulting & sustainability firmsGreen building & sustainable construction companies

Solar energy companies & panel manufacturers

Solar panel makers, solar project developers and solar-as-a-service providers.

  1. Redington

    Provider of solar panels and clean, renewable energy solutions

    Solar energy
    See in list
  2. Tata Power Solar

    Manufacturing of PV modules and solar cells

    Solar energy
    See in list
  3. Waaree Energies

    Manufacturer of solar PV modules

    Solar energy
    See in list
  4. KPCL

    Independent hydel, thermal, solar and wind power producer

    Solar energy
    See in list
  5. Premier Energies

    Developer of solar energy projects

    Solar energy
    See in list

Waste management, recycling & water treatment companies

Waste recycling, wastewater treatment and water purification companies.

  1. Century Metal Recycling

    Producer of secondary aluminum and zinc alloys

    Waste & water management
    See in list
  2. Balaji Malts

    Provider of paper recycling services

    Solar energy
    See in list
  3. Praj

    Provider of bioethanol and waste water treatment services

    Bioenergy
    See in list
  4. Wabag

    Constructs water treatment plants

    Waste & water management
    See in list
  5. PRINCE PIPES AND FITTINGS

    Developer of industrial piping system

    Waste & water management
    See in list

Wind, hydro & renewable energy developers

Wind, hydro, bioenergy and other renewable power developers and equipment makers.

  1. Adani Green Energy

    Independent power producer from renewable energy sources

    Solar energy
    See in list
  2. KPCL

    Independent hydel, thermal, solar and wind power producer

    Solar energy
    See in list
  3. Suzlon

    Wind turbine manufacturer

    Wind energy
    See in list
  4. Tata Power Renewable Energy

    Developer of large-scale renewable energy projects

    Solar energy
    See in list
  5. Kintech Renewables

    Developer of solar and wind energy projects

    Wind energy
    See in list

Air pollution control & air quality companies

Providers of air management, filtration and pollution control services and equipment.

  1. Core Carbons

    Manufacturer of steam-activated coconut shell carbon products. It produces granulated, fine, powdered, washed, impregnated, and catalytic activated carbon. These products serve various industries including water treatment, air purification, mining, refinery operations, food and beverage processing, and pharmaceuticals. The manufacturing process adheres to integrated management systems ensuring quality. The company offers a variety of value-added processing capabilities for its activated carbon.

    Air management services
    Website
  2. HECS Company

    Provider of environmental management company providing purity testing laboratory services

    Waste & water management
    Website
  3. Clair

    Clair - Manufacture & Installation of Air Pollution Control Equipment

    Air management services
    Website
  4. Spectrumfiltration

    Manufacturer of industrial air filtration systems and solutions

    Manufacturing services
    Website
  5. Luftek

    Manufacturer of air handling units offering products with reliability and low noise components

    Air management services
    Website

Environmental consulting & sustainability firms

Environmental consultancy, climate, training and sustainability advisory firms.

  1. EnKing

    Provider of climate change consultancy services

    Services for energy efficiency
    Website
  2. Altilium

    Provider of consulting and business advisory solutions within the Indian power sector

    Management consulting services
    Website
  3. NTPC GE Power Services

    Provider of high-efficiency O&M, R&M upgrades, and BESS projects for thermal and renewable power infrastructure

    Solar energy
    Website
  4. CFlo

    Provider of environmental consulting and waste recycling solutions

    Mining equipment
    Website
  5. Assystem Stup

    Provider of sanitation infrastructures & improvement of environmental and sanitary conditions

    Environment consultancy services
    Website

Green building & sustainable construction companies

Green building developers, architects and sustainable building material makers.

  1. Bondada Engineering

    Engineering services company with a focus on telecom infrastructural solutions

    Telecom infrastructure
    See in list
  2. Renaatus Procon

    Manufacturer of sustainable green building materials

    Green buildings
    Website
  3. Biltech

    Manufacturer of autoclaved aerated concrete blocks, wall panels, and dry mix products

    Building materials
    Website
  4. Bootes Impex Tech

    Company specializing in sustainable and net-zero building practices

    Green buildings
    Website
  5. Ronak Buildwell

    Provider of green building architect and designing services

    Green buildings
    Website

Environment startups in India

Recently founded environment companies in India.

  1. GMR Power & Urban

    Provider of infrastructure development services

    Solar energy
    See in list
  2. Jash Energy

    Manufacturer of solar tracker components, including posts, tubes, purlins, and fasteners

    Solar energy
    See in list
  3. GREW

    Manufacturer of solar modules and provider of solar energy solutions

    Solar energy
    Website
  4. Solar ACE

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

    Solar energy
    Website
  5. Blupine Energy

    Provider of renewable energy services

    Solar energy
    Website
464 companies in India

Environment companies hiring in India

Environment companies with open roles right now.

  1. Apl Apollo Tubes

    Online platform for manufacturing structural steel tubes, pipes, and related steel solutions

    Solar energy
    See in list
  2. Waaree Energies

    Manufacturer of solar PV modules

    Solar energy
    See in list
  3. Adani Green Energy

    Independent power producer from renewable energy sources

    Solar energy
    See in list
  4. Suzlon

    Wind turbine manufacturer

    Wind energy
    See in list
  5. Balaji Malts

    Provider of paper recycling services

    Solar energy
    See in list
38 companies in India

Listed environment companies in India

Publicly listed environment companies in India.

  1. Apl Apollo Tubes

    Online platform for manufacturing structural steel tubes, pipes, and related steel solutions

    Solar energy
    See in list
  2. Waaree Energies

    Manufacturer of solar PV modules

    Solar energy
    See in list
  3. Adani Green Energy

    Independent power producer from renewable energy sources

    Solar energy
    See in list
  4. Suzlon

    Wind turbine manufacturer

    Wind energy
    See in list
  5. Lanco Infratech

    Multinational conglomerate with diverse interests in industries such as heavy equipment, construction, and power generation

    Traditional conglomerates
    Website
111 companies in India
Mobile reach

Top 10 environment apps from India

The most-installed Android apps published by environment companies headquartered in India — 3.8M installs between them. 137 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
2

MEDA Beneficiary

by MEDA

Installs350K
Rating—
Last updatedJan 2026
View on Google Play ↗
MEDA Beneficiary screenshot 1MEDA Beneficiary screenshot 2MEDA Beneficiary screenshot 3MEDA Beneficiary screenshot 4MEDA Beneficiary screenshot 5MEDA Beneficiary screenshot 6
7

Damini : Lightning Alert

by Tropmet

Installs118K
Rating—
Last updatedApr 2026
View on Google Play ↗
Damini : Lightning Alert screenshot 1Damini : Lightning Alert screenshot 2Damini : Lightning Alert screenshot 3Damini : Lightning Alert screenshot 4Damini : Lightning Alert screenshot 5
8

Agua India-Water Delivery App

by Agua

Installs50K
Rating—
Last updatedOct 2025
View on Google Play ↗
Agua India-Water Delivery App screenshot 1Agua India-Water Delivery App screenshot 2Agua India-Water Delivery App screenshot 3Agua India-Water Delivery App screenshot 4Agua India-Water Delivery App screenshot 5Agua India-Water Delivery App screenshot 6
10

LOHAA(LOHA)

by Lohaa

Installs40K
Rating—
Last updatedJan 2026
View on Google Play ↗
LOHAA(LOHA) screenshot 1LOHAA(LOHA) screenshot 2LOHAA(LOHA) screenshot 3LOHAA(LOHA) screenshot 4LOHAA(LOHA) screenshot 5LOHAA(LOHA) screenshot 6
The business behind the activity

Environment financials in India

Revenue, profit and growth from the filed annual accounts of 1953 environment companies in India for FY24-25 — 2,359 of the 4,601 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 25% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹351,103.21 cr

1953 companies filing accounts

combined net profit₹26,241.55 cr

7.5% aggregate margin

are profitable82%

1592 of 1953 companies

median revenue~₹10.7 cr

the typical company

median revenue growth+21%

into FY24-25

earned by the top five25%

revenue concentration

Six-year view

Combined revenue of filing companies

₹118,690.32 crFY19-201650 filers
₹126,878.31 crFY20-211778 filers
₹184,564.96 crFY21-221892 filers
₹229,472.70 crFY22-231976 filers
₹283,032.34 crFY23-242018 filers
₹351,103.21 crFY24-251953 filers

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

Like-for-like

The same 1726 companies over three years

+61%
FY22-23₹199,442.98 cr₹11,065.32 cr net
FY23-24₹255,277.13 cr₹15,342.55 cr net
FY24-25₹320,899.31 cr₹24,902.93 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 cr36347% profitable
₹1–10 cr59584% profitable
₹10–100 cr66992% profitable
₹100–1,000 cr26394% profitable
Over ₹1,000 cr6398% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking537
0–20%371
20–50%324
50–100%253
Doubled+374

1859 companies with accounts for both years; median growth +21%.

Profitability

Profit is concentrated at the top

1592profitable
357loss-making
7.5%aggregate margin
2.5%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
WiseBinWISEBIN PRIVATE LIMITED+915%₹15.19 cr
SolencoSOLENCO INFRA PRIVATE LIMITED₹51.49 cr
WinnerspitchWINNERSPITCH ENERGY PRIVATE LIMITED
USEIPLUNITED SUSTAINABLE ENERGY INDIA PRIVATE LIMITED+687%₹18.58 cr
iPower REIPOWER RENEWABLE ENERGY PRIVATE LIMITED₹10.94 cr
S&S Energy SystemsS&S ENERGY SYSTEMS PRIVATE LIMITED+636%
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
GMR Power & UrbanGMR POWER AND URBAN INFRA LIMITED146.8%₹508.59 cr
MSTCMSTC LIMITED104.0%₹387.50 cr
USEIPLUNITED SUSTAINABLE ENERGY INDIA PRIVATE LIMITED97.3%₹18.58 cr
R2V2R2V2 TECHNOLOGIES PRIVATE LIMITED86.9%
AMJ LandAMJ LAND HOLDINGS LIMITED74.7%
Samvid InternationalPRISM INTERNATIONAL PRIVATE LIMITED₹26.77 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Solar energy940₹236,546.54 cr~₹11.1 cr84%7.2%
Waste & water management631₹57,884.33 cr~₹11.7 cr81%6.4%
Wind energy74₹23,197.04 cr~₹18.9 cr80%13.4%
Electricity transmission & distribution equipment5₹3,194.21 cr~₹15.0 cr100%4.3%
Bioenergy7₹2,845.26 cr~₹4.2 cr71%9.6%
Air management services61₹2,624.13 cr~₹7.6 cr79%9.7%
Manufacturing services9₹2,549.95 cr~₹36.9 cr100%2.9%
Green buildings39₹1,864.73 cr~₹4.7 cr77%21.9%
Leaders

Largest environment companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Tata Power SolarTHE TATA POWER COMPANY LIMITED₹23,777.64 cr₹3,132.68 cr13.2%+7%
Adani Green EnergyAdani Green Energy Limited₹20,749.00 cr₹654.00 cr3.2%+61%
Solar EnergySOLAR ENERGY CORPORATION OF INDIA LIMITED₹15,308.18 cr3.3%+17%
KPCLKARNATAKA POWER CORPORATION LIMITED₹14,509.67 cr₹563.40 cr3.9%—
Apl Apollo TubesAPL APOLLO TUBES LIMITED₹14,440.25 cr₹335.59 cr2.3%+4%
Waaree EnergiesWAAREE ENERGIES LIMITED₹13,218.46 cr₹1,781.17 cr13.5%+21%
Tata Power Renewable EnergyTATA POWER RENEWABLE ENERGY LIMITED₹12,137.06 cr₹464.96 cr3.8%-15%
SuzlonSUZLON ENERGY LIMITED₹10,300.03 cr₹2,104.72 cr20.4%+74%
Adani SolarMUNDRA SOLAR PV LIMITED₹6,488.37 cr₹1,085.03 cr16.7%+99%
ThermaxTHERMAX LIMITED.8.9%
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 India

The financials above are one chapter. The full environment landscape of India 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 India
For investors and data teams

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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 India 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 India

190 environment companies in India have recorded equity funding, US$9.86bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in India

Meet the people behind environment companies in India. 1,573 of 4,601 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore India environment companies by sub-sector

The most common specialisations among environment companies in India. 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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