Radar · Environment in Maharashtra
Best Environment Companies in Maharashtra, India
The 556 best Environment companies in Maharashtra, India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Lodha Group.
By Riya SenguptaFinancials
556companies tracked
$5.9Bdisclosed funding
1unicorns
71have raised
FLIAR INTELLIGENCE · ENVIRONMENT × MAHARASHTRA
Our analysis of 50 Environment companies
$13.1b in tracked funding; 71% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
50companies analysed
71%cloud-native stacks
2025funding peak (by rounds)
2unicorns
2013median founding year
2.2Mcombined LinkedIn audience
51%of audience held by top 3
10companies hiring publicly (12 mo)
Ranked: Best Environment companies in Maharashtra
| # | Company | Disclosed funding | Revenue | Employees | Founded | Tech stack | Web popularity | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Waaree Energies 🦄 Manufacturer of solar PV modules 91Partners top 9%Market top 20%Funding top 21%Tech top 21% All 11 signals ▾Partnerstop 9% Markettop 20% Fundingtop 21% Techtop 21% Talenttop 21% Fin. healthtop 25% Growthtop 29% Moattop 30% Newstop 34% Producttop 39% Globalbottom 37% Partners: 23 contract events in 12 mo · Named contractor/client in 23 deals Market: 1,307 employees (top 11% of Energy) · Revenue ~$1.8B rank vs industry peers · Fliar Intelligence Index 91/100 | $263M | $1.8B FY2025 | 1,307 1,307 → 2,674 (+105%) · sector median +79% | 1990 | WordPressApple iCloud MailMySQL+25 | Top 100k | — |
| 2 | Suzlon Wind turbine manufacturer | $46M | $1.3B FY2025 | 1,528 | 1995 | ZohoPHPBootstrap+13 | Top 500k | 3 job openings · 1 partnership |
| 3 | Tata Power Renewable Energy Developer of large-scale renewable energy projects 67Market top 14%Moat top 18%Funding top 24%Partners top 26% All 10 signals ▾Markettop 14% Moattop 18% Fundingtop 24% Partnerstop 26% Fin. healthtop 29% Newstop 31% Talentbottom 49% Growthbottom 44% Globalbottom 37% Techbottom 31% Market: 2,877 employees (top 5% of Solar Energy) · Revenue ~$1.2B Moat: Top 1% by revenue among 1951 tracked Solar Energy companies · Editorial + unicorn rating 5/10 rank vs industry peers · Fliar Intelligence Index 67/100 | $766M | $1.2B FY2025 | 2,877 | 2007 | — | — | — |
| 4 | Sunil Hi Tech Engineers Provider of engineering, procurement, and construction services for power and infrastructure projects | $129M | $464M FY2018 | 848 | 1998 | WordPress Block EditorElementorWordPress+27 | Top 50M | — |
| 5 | Senvion Provider of wind operation and maintenance services | $15M | $261M FY2025 | 149 | 2015 | WordPress Block EditorWordPressMySQL+30 | Top 5M | 3 job openings · 1 partnership |
| 6 | Sterling And Wilson Provider of engineering, procurement, and construction services for diverse projects | $50M | $247M FY2025 | 7,502 7,502 → 5,285 (-30%) · sector median +79% | 1927 | BootstrapGSAPApache HTTP Server+9 | Top 500k | 1 job opening · 1 expansion |
| 7 | CleanMax Developer of solar energy projects 78Product top 14%Innovation top 20%Funding top 22%News top 23% All 12 signals ▾Producttop 14% Innovationtop 20% Fundingtop 22% Newstop 23% Markettop 34% Moattop 34% Growthtop 37% Talenttop 38% Techtop 39% Fin. healthbottom 49% Partnersbottom 46% Globalbottom 39% Product: 6 distinct product lines · Company stage: Public Innovation: 6 product lines rank vs industry peers · Fliar Intelligence Index 78/100 | $443M | $190M FY2025 | 333 | 2011 | WebflowAmazon Web ServicesGSAP+17 | Top 1M | 2 partnerships |
| 8 | Continuum Wind Energy Independent power producer specializing in the development and operation of large-scale renewable energy… 50Funding top 34%Fin. health top 35%Product top 42%Moat top 48% All 10 signals ▾Fundingtop 34% Fin. healthtop 35% Producttop 42% Moattop 48% Markettop 50% Talentbottom 49% Growthbottom 47% Techbottom 43% Globalbottom 43% Newsbottom 28% Funding: Raised $150M across 3 rounds · 3 rounds over 4 yrs (0.8/yr) Fin. health: Revenue ~$167M (FY2023) · Net margin 12.6% rank vs industry peers · Fliar Intelligence Index 50/100 | $150M | $167M FY2024 | 180 | 2009 | PerlPHPUNIX+20 | Top 5M | — |
| 9 | Aditya Birla Renewables Leading industry player in clean energy solutions with a decade of experience in executing large-scale and… 72Growth top 20%Funding top 25%News top 25%Moat top 31% All 10 signals ▾Growthtop 20% Fundingtop 25% Newstop 25% Moattop 31% Markettop 42% Fin. healthtop 43% Partnerstop 47% Talentbottom 49% Techbottom 37% Globalbottom 37% Growth: Headcount 66 → 222 (+236%) across vintages · Revenue +47% YoY Funding: Raised $334M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) rank vs industry peers · Fliar Intelligence Index 72/100 | $334M | $69M FY2025 | 222 222 → 494 (+123%) · sector median +79% | 2011 | Animate.cssBootstrapCloudflare+10 | Top 5M | 1 job opening · 1 award |
| 10 | Radiance Renewables Provider of open access and behind-the-meter solar energy solutions 57News top 25%Funding top 27%Growth top 32%Moat top 36% All 9 signals ▾Newstop 25% Fundingtop 27% Growthtop 32% Moattop 36% Fin. healthtop 37% Talenttop 38% Markettop 49% Globalbottom 37% Techbottom 29% News: 7 BI events in 12 mo (of 22 tracked, 5 types) · +133% YoY Funding: Raised $100M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) rank vs industry peers · Fliar Intelligence Index 57/100 | $100M | $68M FY2025 | 106 106 → 153 (+44%) · sector median +79% | 2018 | WordPressMySQLPHP+12 | Top 10M | 2 partnerships · 1 award |
| 11 | Transcon Developer of residential and commercial properties with a focus on conscious luxury | $42M | $51M FY2025 | 17 | 1985 | PHPCodeIgniterBootstrap+22 | Top 5M | — |
| 12 | ROCHEM Manufacturer of water purifier systems 69Innovation top 20%Moat top 21%Market top 32%Product top 32% All 10 signals ▾Innovationtop 20% Moattop 21% Markettop 32% Producttop 32% Fin. healthtop 35% Talenttop 45% Growthtop 48% Fundingbottom 47% Techbottom 38% Globalbottom 25% Innovation: 11 product lines Moat: Top 5% by revenue among 972 tracked Waste & Water Management companies · Editorial + unicorn rating 4/10 rank vs industry peers · Fliar Intelligence Index 69/100 | $1M | $48M FY2025 | 215 | 1991 | PHPBootstrapApache HTTP Server+13 | Top 5M | — |
| 13 | SolarSquare Chains providing rooftop solar energy systems for residential and commercial properties 76Tech top 20%Growth top 26%Talent top 28%Funding top 35% All 10 signals ▾Techtop 20% Growthtop 26% Talenttop 28% Fundingtop 35% Moattop 36% Markettop 39% Producttop 40% Fin. healthtop 50% Globalbottom 39% Newsbottom 21% Tech: 80 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 Growth: Headcount 226 → 726 (+221%) across vintages · Revenue +105% YoY rank vs industry peers · Fliar Intelligence Index 76/100 | $21M | $43M FY2025 | 726 | 2015 | PHPSwiperLodash+25 | Top 100k | 1 job opening |
| 14 | Oriano Developer of solar energy projects | $4M | $36M FY2025 | 198 198 → 328 (+66%) · sector median +79% | 2015 | WordPressMySQLPHP+15 | Top 10M | — |
| 15 | Kalpa Power Provider of solar planning and designing services 74Fin. health top 21%Growth top 23%Moat top 33%Market top 39% All 10 signals ▾Fin. healthtop 21% Growthtop 23% Moattop 33% Markettop 39% Innovationtop 40% Techtop 40% Productbottom 47% Fundingbottom 42% Talentbottom 39% Globalbottom 25% Fin. health: Revenue ~$32.1M (FY2021) · Net margin 5.6% Growth: Headcount 91 → 113 (+24%) across vintages · Revenue +150% YoY rank vs industry peers · Fliar Intelligence Index 74/100 | $2M | $32M FY2025 | 113 113 → 235 (+108%) · sector median +79% | 2017 | WordPressMySQLPHP+30 | Top 10M | 1 partnership · 1 expansion |
| 16 | Sukraft Manufacturer of kraft paper 40Moat top 32%Fin. health top 42%Market top 45%Growth top 46% All 7 signals ▾Moattop 32% Fin. healthtop 42% Markettop 45% Growthtop 46% Fundingbottom 41% Globalbottom 37% Techbottom 32% Moat: Top 7% by revenue among 972 tracked Waste & Water Management companies · Editorial + unicorn rating 1/10 Fin. health: Revenue ~$31.0M (FY2018) · Net margin 2.6% rank vs industry peers · Fliar Intelligence Index 40/100 | $3M | $31M FY2025 | 195 | 1996 | WordPressMySQLPHP+15 | Top 10M | — |
| 17 | Satec Company specializing in engineering and infrastructure solutions | $7M | $28M FY2025 | 750 | 2004 | WordPressMySQLPHP+20 | Top 10M | — |
| 18 | NuPower Renewables Provider of independent power generation services | $92M | $21M FY2025 | 25 | 2008 | — | — | — |
| 19 | Roofsol Energy Provides solar plant installations, providing engineering, procurement, and construction services 45Talent top 38%Moat top 39%Growth top 40%Funding top 49% All 9 signals ▾Talenttop 38% Moattop 39% Growthtop 40% Fundingtop 49% Fin. healthbottom 47% Marketbottom 45% Techbottom 43% Globalbottom 37% Newsbottom 18% Talent: 2 named leaders on record · 2 C-suite/founder profiles curated Moat: Top 11% by revenue among 1951 tracked Solar Energy companies · Editorial + unicorn rating 1/10 rank vs industry peers · Fliar Intelligence Index 45/100 | $3M | $21M FY2025 | 75 | 2016 | YouTubeBootstrapNginx+12 | Top 10M | 2 partnerships |
| 20 | Oorjan Solar project financing and development | $655K | $14M FY2025 | 62 62 → 128 (+106%) · sector median +79% | 2014 | TypeScriptNode.jsYouTube+19 | Top 500k | 1 job opening |
| 21 | KAM-AVIDA Manufacturer of waste handling equipment 62Product top 18%Innovation top 20%Fin. health top 27%Moat top 37% All 10 signals ▾Producttop 18% Innovationtop 20% Fin. healthtop 27% Moattop 37% Talenttop 45% Markettop 49% Fundingtop 50% Growthbottom 46% Globalbottom 36% Techbottom 28% Product: 4 distinct product lines Innovation: 4 product lines rank vs industry peers · Fliar Intelligence Index 62/100 | $10M | $12M FY2025 | 71 71 → 127 (+79%) · sector median +79% | 1994 | PHPGoogle MapsYouTube+6 | Top 50M | — |
| 22 | DefSpace Platform offering a one-stop digital marketplace for defence, space, and aerospace sectors | $478K | $10M FY2025 | — | 2020 | ZohoNode.jsUbuntu+14 | Top 10M | — |
| 23 | PI Green Innovations Provider of sustainable technology solutions for air purification and emission control | $5M | $9M FY2025 | 98 98 → 120 (+22%) · sector median +79% | 2019 | BootstrapYouTubeApache HTTP Server+11 | Top 10M | — |
| 24 | Alfa Infraprop Developer of solar and wind energy projects | $33M | $8M FY2025 | — | 2008 | WordPressMySQLPHP+20 | Top 50M | — |
| 25 | AIM Manufacturer of air filtration media for HVAC, automotive, and healthcare applications. | $4M | $7M FY2025 | 68 | 2001 | PleskPHPBootstrap+14 | Top 50M | — |
| 26 | Ushdev Power IPP in wind sector | $9M | $7M FY2024 | — | 2010 | — | — | — |
| 27 | RelyOn Solar Designs and installs solar systems | $1M | $6M FY2025 | 175 | 2010 | WordPressMySQLPHP+20 | Top 50M | — |
| 28 | Saraplast Provider of portable urinals and solar restrooms 55Innovation top 20%Fin. health top 31%Product top 33%Moat top 37% All 10 signals ▾Innovationtop 20% Fin. healthtop 31% Producttop 33% Moattop 37% Techtop 50% Growthbottom 49% Talentbottom 49% Marketbottom 43% Fundingbottom 40% Globalbottom 37% Innovation: 8 product lines Fin. health: Revenue ~$5.9M (FY2021) · Net margin 10.0% rank vs industry peers · Fliar Intelligence Index 55/100 | $2M | $6M FY2025 | 36 | 2006 | WordPressMySQLPHP+25 | Top 50M | — |
| 29 | Chetas Control Systems Manufacturer of ultrasonic flow meters, water meters, and level transmitters 55Product top 22%Fin. health top 35%Innovation top 36%Moat top 38% All 10 signals ▾Producttop 22% Fin. healthtop 35% Innovationtop 36% Moattop 38% Fundingtop 43% Markettop 46% Growthbottom 49% Talentbottom 45% Techbottom 32% Globalbottom 29% Product: 10 distinct product lines · Company stage: PE Fin. health: Revenue ~$5.5M (FY2023) · Net margin 35.7% rank vs industry peers · Fliar Intelligence Index 55/100 | $13M | $6M FY2025 | 104 104 → 111 (+7%) · sector median +79% | 1989 | BootstrapApache HTTP ServerIsotope+5 | Top 50M | 7 job openings |
| 30 | Kiran Energy Develops and operates solar farms | $44M | $5M FY2025 | 28 | 2010 | — | — | — |
| 31 | Equinox Provider of food testing and auditing services | $3M | $4M FY2025 | 388 388 → 711 (+83%) · sector median +79% | 2005 | PHPYouTubeBootstrap+21 | Top 5M | — |
| 32 | Sunshot Solar PV project installation and services | $694K | $4M FY2021 | 125 | 2010 | — | — | — |
| 33 | Roserve Provider of waste water recycling and desalination systems 27Moat top 38%Funding top 45%Talent top 45%Fin. health bottom 45% All 7 signals ▾Moattop 38% Fundingtop 45% Talenttop 45% Fin. healthbottom 45% Marketbottom 42% Globalbottom 36% Growthbottom 25% Moat: Top 33% by revenue among 972 tracked Waste & Water Management companies · Editorial + unicorn rating 4/10 Funding: Raised $6.2M across 2 rounds · 2 rounds over 10 yrs (0.2/yr) rank vs industry peers · Fliar Intelligence Index 27/100 | $6M | $3M FY2025 | — | 2016 | — | — | — |
| 34 | Recity Provider of plastic waste management and circular economy solutions 35Talent top 28%Moat top 37%Tech top 47%Fin. health bottom 47% All 8 signals ▾Talenttop 28% Moattop 37% Techtop 47% Fin. healthbottom 47% Marketbottom 46% Growthbottom 39% Globalbottom 37% Fundingbottom 32% Talent: 3 named leaders on record · 3 C-suite/founder profiles curated Moat: Top 24% by revenue among 174 tracked Solid Waste Management Tech companies · Editorial + unicorn rating 2/10 rank vs industry peers · Fliar Intelligence Index 35/100 | $315K | $3M FY2025 | 46 | 2016 | WordPressMySQLPHP+20 | Top 10M | 1 partnership |
| 35 | Deluxe Recycling India Manufacturer of recycled composite boards and related products. 16Innovation top 34%Product top 43%Talent bottom 49%Market bottom 38% All 10 signals ▾Innovationtop 34% Producttop 43% Talentbottom 49% Marketbottom 38% Globalbottom 37% Fundingbottom 34% Techbottom 31% Moatbottom 29% Fin. healthbottom 22% Growthbottom 19% Innovation: 11 product lines Product: 11 distinct product lines · Company stage: Seed rank vs industry peers · Fliar Intelligence Index 16/100 | $3M | $3M FY2025 | 98 | 1999 | WordPress Block EditorElementorWordPress+18 | Top 10M | — |
| 36 | Metafin Provider of solar financing platform 57Growth top 17%Funding top 37%Fin. health top 43%Moat top 45% All 8 signals ▾Growthtop 17% Fundingtop 37% Fin. healthtop 43% Moattop 45% Techtop 47% Newstop 47% Globalbottom 39% Marketbottom 37% Growth: Headcount 34 → 83 (+144%) across vintages · Revenue +255% YoY Funding: Raised $7.0M across 5 rounds · 5 rounds over 3 yrs (1.7/yr) rank vs industry peers · Fliar Intelligence Index 57/100 | $7M | $2M FY2025 | 83 | 2018 | Wix eCommerceWixSentry+13 | Top 10M | — |
| 37 | Artha Energy Resources Platform for mapping renewable energy generation assets 48Talent top 28%Innovation top 34%Growth top 36%Product top 36% All 10 signals ▾Talenttop 28% Innovationtop 34% Growthtop 36% Producttop 36% Moattop 37% Fundingbottom 49% Techbottom 41% Marketbottom 40% Fin. healthbottom 40% Globalbottom 32% Talent: 4 named leaders on record · 4 C-suite/founder profiles curated Innovation: 5 product lines rank vs industry peers · Fliar Intelligence Index 48/100 | $11M | $887K FY2025 | 42 | 2013 | PHPCodeIgniterBootstrap+12 | Top 10M | — |
| 38 | Bore Charger Provider of borewell recharge solutions and groundwater management services 60Innovation top 20%Growth top 25%Fin. health top 32%Product top 43% All 10 signals ▾Innovationtop 20% Growthtop 25% Fin. healthtop 32% Producttop 43% Talenttop 45% Moatbottom 49% Fundingbottom 40% Globalbottom 36% Techbottom 32% Marketbottom 30% Innovation: 5 product lines Growth: Revenue +115% YoY · Web rank 5,000,000 → 10,000,000 YoY rank vs industry peers · Fliar Intelligence Index 60/100 | $252K | $820K FY2025 | 23 | 2017 | Cart FunctionalityWooCommerceWordPress+27 | Top 5M | — |
| 39 | kWatt Solutions Solar products | $553K | $477K FY2025 | 6 | 2013 | Facebook LoginBootstrapNginx+14 | Top 50M | — |
| 40 | Hanjer Waste processing company 21Funding top 43%Talent top 45%Market bottom 37%Moat bottom 34% All 7 signals ▾Fundingtop 43% Talenttop 45% Marketbottom 37% Moatbottom 34% Globalbottom 29% Newsbottom 27% Fin. healthbottom 21% Funding: Raised $58.0M across 4 rounds · 4 rounds over 17 yrs (0.2/yr) Talent: 2 named leaders on record rank vs industry peers · Fliar Intelligence Index 21/100 | $58M | $422K FY2017 | — | 2003 | — | — | — |
| 41 | Epic Energy Manufacturer and supplier of renewable energy and energy efficiency products | $10M | $373K FY2024 | 5 | 1991 | — | — | — |
| 42 | Membrane Filters Provider of drinking water filtration services 6Funding bottom 39%Market bottom 35%Global bottom 29%Moat bottom 28% All 6 signals ▾Fundingbottom 39% Marketbottom 35% Globalbottom 29% Moatbottom 28% Growthbottom 16% Fin. healthbottom 13% Funding: Raised $764k across 2 rounds · 2 rounds over 7 yrs (0.3/yr) Market: 78 employees (top 35% of Waste & Water Management) · Revenue ~$218k rank vs industry peers · Fliar Intelligence Index 6/100 | $764K | $218K FY2022 | 78 | 2003 | — | — | — |
| 43 | Greywater Provider of waste water treatment services 7Global bottom 48%Funding bottom 42%Market bottom 30%Fin. health bottom 8% All 4 signals ▾Globalbottom 48% Fundingbottom 42% Marketbottom 30% Fin. healthbottom 8% Global: Investors from 1 country beyond India Funding: Raised $2.0M across 1 rounds · 1 rounds over 15 yrs (0.1/yr) rank vs industry peers · Fliar Intelligence Index 7/100 | $2M | $53K FY2023 | 75 | 2010 | — | — | — |
| 44 | CaptureSolar Energy Provides Off-the-Grid Solar Energy Solutions | $125M | $25K FY2019 | 501 | 2013 | — | — | — |
| 45 | Apraava Provider of integrated energy solutions 62Growth top 27%News top 27%Funding top 30%Fin. health top 35% All 9 signals ▾Growthtop 27% Newstop 27% Fundingtop 30% Fin. healthtop 35% Moattop 35% Markettop 41% Partnersbottom 41% Globalbottom 37% Techbottom 25% Growth: Headcount 149 → 182 (+22%) across vintages · Fresh capital in last 24 mo News: 7 BI events in 12 mo (of 23 tracked, 5 types) · +250% YoY rank vs industry peers · Fliar Intelligence Index 62/100 | $451M | — | 182 | 2000 | Kentico CMSThree.jsYouTube+10 | Top 5M | — |
| 46 | Lodha Group Developer of thoughtfully designed properties that shape urban lifestyle 55Funding top 26%Product top 28%Talent top 38%Market top 40% All 9 signals ▾Fundingtop 26% Producttop 28% Talenttop 38% Markettop 40% Techtop 41% Fin. healthtop 47% Globalbottom 48% Moatbottom 44% Growthbottom 35% Funding: Raised $2.5B across 9 rounds · 9 rounds over 17 yrs (0.5/yr) Product: 1 published app (45.6k installs) · Company stage: Public rank vs industry peers · Fliar Intelligence Index 55/100 | $2.5B | — | 3,700 | 1980 | DrupalPHPSalesforce+21 | Top 100k | 2 awards |
| 47 | Virescent Renewable Energy Trust Developer of solar energy projects | $62M | — | 16 | 2020 | — | — | — |
| 48 | Hydroair Techtonics Installs waste-water, effluent and solid-waste treatment plants 50Funding top 49%Global bottom 48% All 2 signals ▾Fundingtop 49% Globalbottom 48% Funding: Raised $11.2M across 2 rounds · 2 rounds over 20 yrs (0.1/yr) Global: Investors from 1 country beyond India rank vs industry peers · Fliar Intelligence Index 50/100 | $11M | — | 29 | 2001 | — | — | — |
| 49 | Flareum Technologies Solar thermal technology developer | $8M | — | 100 | 1998 | — | — | — |
| 50 | Natural Solutions Provider of water treatment and rainwater harvesting solutions | $171K | — | — | 2003 | — | — | — |
Top 12 Environment companies in Maharashtra
#1
Acquired · Mumbai, Maharashtra · founded 2009 · 180 employees$149.7Mraised▾
Acquired · Mumbai, Maharashtra · founded 2009 · 180 employees
Independent power producer specializing in the development and operation of large-scale renewable energy projects. It is focused on focused on the generation and supply of renewable energy, including wind, solar, and hybrid power. The company is recognized for its grid-connected green energy projects. Their mission is to supply clean green power.
Fliar Intelligence Index™ 50how this company ranks against its industry peers
Funding
top 34%Fin. health
top 35%Product
top 42%Moat
top 48%Market
top 50%Talent
bottom 49%Funding: Raised $150M across 3 rounds · 3 rounds over 4 yrs (0.8/yr) · Last round Series D (Mar 2026)
Fin. health: Revenue ~$167M (FY2023) · Net margin 12.6% · Revenue 1.1x total funding
Product: 1 published app (48 installs) · Company stage: Acquired
Funding rounds
- Mar 2026Series D$67.5M
- Aug 2024Series D$150M
- Jul 2022Conventional Debt$350M
Founders & team
Investors
Just Climate
Tech stack
Apache Http ServerBootstrapCdnjsCloudflareFancyboxFont Awesome
#2
Late Stage · Mumbai, Maharashtra · founded 2000 · 182 employees$451Mraised▾
Late Stage · Mumbai, Maharashtra · founded 2000 · 182 employees
Provider of integrated energy solutions. It offering a diversified portfolio of low-carbon power generation, interstate power transmission, and smart meter deployment. The company delivers end-to-end project development services across renewable energy, grid infrastructure, and advanced metering. It focuses on scaling clean energy capacity, strengthening transmission networks, and enabling intelligent power management.
Fliar Intelligence Index™ 62how this company ranks against its industry peers
Growth
top 27%News
top 27%Funding
top 30%Fin. health
top 35%Moat
top 35%Market
top 41%Growth: Headcount 149 → 182 (+22%) across vintages · Fresh capital in last 24 mo
News: 7 BI events in 12 mo (of 23 tracked, 5 types) · +250% YoY · 2 high-value events (IPO/M&A/funding/contracts) in 12 mo
Funding: Raised $451M across 2 rounds · 2 rounds over 8 yrs (0.2/yr) · Last round Conventional Debt (Dec 2025)
Audience (LinkedIn): 56k LinkedIn followers — 2.5% of this cohort's audience · 163 engagements/post (2.1× cohort median)
Funding rounds
- Dec 2025Conventional Debt$92M
- Sep 2018Unattributed$368M
Investors
CDPQ, British International Investment, Standard Chartered, CLP, Pareto
Tech stack
BootstrapGodaddyGoogle Tag ManagerGsapJqueryKentico Cms
#3
Late Stage · Mumbai, Maharashtra · founded 2011 · 222 employees$333.6Mraised▾
Late Stage · Mumbai, Maharashtra · founded 2011 · 222 employees
Aditya Birla Renewables is a leader in providing clean energy solutions, focusing on solar, wind, and hybrid power solutions for public and private sector customers. As a part of the Aditya Birla Group, the company boasts a 2 GWp portfolio of renewable energy projects.
Fliar Intelligence Index™ 72how this company ranks against its industry peers
Growth
top 20%Funding
top 25%News
top 25%Moat
top 31%Market
top 42%Fin. health
top 43%Growth: Headcount 66 → 222 (+236%) across vintages · Revenue +47% YoY · Web rank 5,000,000 → 10,000,000 YoY
Funding: Raised $334M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) · Last round PE (Dec 2025)
News: 7 BI events in 12 mo (of 13 tracked, 6 types) · +250% YoY · 7 high-value events (IPO/M&A/funding/contracts) in 12 mo
Audience (LinkedIn): 124k LinkedIn followers — 5.6% of this cohort's audience
Hiring (LinkedIn): 1 hiring post in 12 mo (public) · hiring: Careers
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
- Dec 2025PE$333.6M
Founders & team
Investors
Global Infrastructure Partners
Tech stack
Animate.CssBootstrapCdnjsCloudflareFont AwesomeGoogle Analytics
#4
Public · Mumbai, Maharashtra · founded 1990 · 1307 employees$262.8Mraised▾
Public · Mumbai, Maharashtra · founded 1990 · 1307 employees
Manufacturer of solar PV modules. It offers mono, poly, bifacial, and flexible types PV modules, and provides comprehensive services such as solar rooftop and ground-mounted power plant installations, floating solar systems, solar water pumps, solar street lighting, energy storage, green hydrogen projects, operations and maintenance, and turnkey solar EPC.
Fliar Intelligence Index™ 91how this company ranks against its industry peers
Partners
top 9%Market
top 20%Funding
top 21%Tech
top 21%Talent
top 21%Fin. health
top 25%Partners: 23 contract events in 12 mo · Named contractor/client in 23 deals · Marquee-customer mentions: top 9% of tracked companies
Market: 1,307 employees (top 11% of Energy) · Revenue ~$1.8B · ~4% of tracked Solar Energy revenue (1951 cos, FY2025)
Funding: Raised $263M across 5 rounds · 5 rounds over 12 yrs (0.4/yr) · Last round Post IPO (Oct 2025)
Audience (LinkedIn): 266k LinkedIn followers — 11.9% of this cohort's audience
Funding rounds
- Oct 2025Post IPO$113.1M
- Sep 2022Series B$245.2M
- Dec 2017Unattributed$15.6M
- Dec 2014Unattributed$177.4K
Founders & team
Investors
Centrum, Founder Collective, Quest Portfolio Services, Cybage, Ohm Enterprise, Chandurkar Investments
Tech stack
Apache Http ServerApexcharts.JsApple Icloud MailAxiosBigcommerceBootstrap
#5
Series C · Mumbai, Maharashtra · founded 2018 · 106 employees$100Mraised▾
Series C · Mumbai, Maharashtra · founded 2018 · 106 employees
Provider of open access and behind-the-meter solar energy solutions. The company develops and implements renewable energy projects, focusing on both open access solutions for larger-scale power generation and behind-the-meter solutions tailored to individual customer needs. It offer a complete suite of services to support the energy transition, from project development and financing to ongoing maintenance and support. The company's expertise lies in designing and delivering customized renewable energy systems that meet specific sustainability requirements.
Fliar Intelligence Index™ 57how this company ranks against its industry peers
News
top 25%Funding
top 27%Growth
top 32%Moat
top 36%Fin. health
top 37%Talent
top 38%News: 7 BI events in 12 mo (of 22 tracked, 5 types) · +133% YoY · 4 high-value events (IPO/M&A/funding/contracts) in 12 mo
Funding: Raised $100M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) · Last round Series C (Feb 2026)
Growth: Headcount 98 → 106 (+8%) across vintages · Revenue +35% YoY · Web rank 50,000,000 → 10,000,000 YoY
Audience (LinkedIn): 20k LinkedIn followers
Activity (LinkedIn): 2 partnerships · 1 awards (incl. The Private Infrastructure Development Group (PIDG)) announced in 12 mo
Funding rounds
- Feb 2026Series C$100M
Founders & team
Investors
Impact Fund Denmark, FMO, EverSource Capital
Tech stack
Animate.CssApache Http ServerContact Form 7GodaddyGoogle Font ApiHsts
#6
Public · Mumbai, Maharashtra · founded 2011 · 333 employees$442.7Mraised▾
Public · Mumbai, Maharashtra · founded 2011 · 333 employees
Developer of solar energy projects. The comapny specializes in providing comprehensive renewable energy solutions primarily for commercial and industrial clients. The main services offered include on-site rooftop solar power solutions, off-site solar power, wind & wind-solar hybrid farms, energy storage solutions, renewable energy certificates & carbon projects, turnkey project development, and customized sustainability solutions. It majorly serves to Data Centres, Textiles, Automotive, Chemicals, Pharma, FMCG industries.
Fliar Intelligence Index™ 78how this company ranks against its industry peers
Product
top 14%Innovation
top 20%Funding
top 22%News
top 23%Market
top 34%Moat
top 34%Product: 6 distinct product lines · Company stage: Public
Innovation: 6 product lines
Funding: Raised $443M across 26 rounds · 26 rounds over 15 yrs (1.7/yr) · Last round Series F (Apr 2025)
Audience (LinkedIn): 75k LinkedIn followers — 3.4% of this cohort's audience
Activity (LinkedIn): 2 partnerships (incl. Meta) announced in 12 mo
Funding rounds
- Apr 2025Series F$1.7M
- Jun 2024Series F$47.9M
- Feb 2024Series F$12.1M
- Dec 2023Series F—
Founders & team
Investors
Bessemer Venture Partners, Green Investment Group, Warburg Pincus, IFC, Oliphans Capital, VAMM Ventures
Tech stack
Amazon S3Amazon Web ServicesBootstrapCloudflareCrazy EggFont Awesome
#7
Series A · Mumbai, Maharashtra · founded 2018 · 83 employees$7Mraised▾
Series A · Mumbai, Maharashtra · founded 2018 · 83 employees
Metafin is a solar financing platform for retail customers and residential properties.Customers can consult metafin partners, they can switch to solar installation after the review and approval.Customers include hospitals, housing societies, schools, petrol stations, hotels, sports academies etc.
Fliar Intelligence Index™ 57how this company ranks against its industry peers
Growth
top 17%Funding
top 37%Fin. health
top 43%Moat
top 45%Tech
top 47%News
top 47%Growth: Headcount 34 → 83 (+144%) across vintages · Revenue +255% YoY · Fresh capital in last 24 mo
Funding: Raised $7.0M across 5 rounds · 5 rounds over 3 yrs (1.7/yr) · Last round Conventional Debt (Mar 2026)
Fin. health: Revenue ~$1.7M (FY2021) · Net margin 3.8% · Revenue +255% YoY
Funding rounds
- Mar 2026Conventional Debt$10M
- Apr 2025Conventional Debt—
- Apr 2025Series A$10M
- Jun 2024Venture Debt—
Investors
Innoven Capital, Prime Venture Partners, Alteria Capital, Four Sb, Varanium, Venture Catalysts
Tech stack
Amazon Web ServicesBootstrapGoogle AnalyticsGoogle CloudGoogle Cloud CdnGoogle Workspace
#8
Series B · Mumbai, Maharashtra · founded 2016 · 75 employees$3Mraised▾
Series B · Mumbai, Maharashtra · founded 2016 · 75 employees
It is a leading EPC player in on-site solar plant installations. The company was established in 2016 and is headquartered in Mumbai. They specialize in engineering, procurement, and construction of solar power plants using both CAPEX and OPEX models.
Fliar Intelligence Index™ 45how this company ranks against its industry peers
Talent
top 38%Moat
top 39%Growth
top 40%Funding
top 49%Fin. health
bottom 47%Market
bottom 45%Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
Moat: Top 11% by revenue among 1951 tracked Solar Energy companies · Editorial + unicorn rating 1/10 · 9 curated direct competitors tracked
Growth: Revenue +15% YoY · Fresh capital in last 24 mo
Audience (LinkedIn): 61k LinkedIn followers — 2.7% of this cohort's audience
Activity (LinkedIn): 2 partnerships (incl. Noble Tech Industries Private Limited) announced in 12 mo
Funding rounds
- Apr 2026Series B$35.6M
- May 2025Series B$25M
- Oct 2024Series A$3M
- Aug 2024Angel—
Founders & team
Investors
Dhoot Industrial Finance, IH Consultancy Services, Kbg Capital, Shree Shyam Investments, Tesoroinventure, Minashish Investment
Tech stack
BootstrapCdnjsCloudflareFancyboxGoogle AnalyticsGoogle Workspace
#9
Public · Mumbai, Maharashtra · founded 1980 · 3700 employees$2.5Braised▾
Public · Mumbai, Maharashtra · founded 1980 · 3700 employees
Developer of thoughtfully designed properties that shape urban lifestyle. The group develops premium residential, commercial, and integrated township projects, catering to a wide range of customer segments. Its portfolio includes luxury residences, affordable housing, office spaces, and landmark developments.
Fliar Intelligence Index™ 55how this company ranks against its industry peers
Funding
top 26%Product
top 28%Talent
top 38%Market
top 40%Tech
top 41%Fin. health
top 47%Funding: Raised $2.5B across 9 rounds · 9 rounds over 17 yrs (0.5/yr) · Last round Post IPO (Mar 2024)
Product: 1 published app (45.6k installs) · Company stage: Public
Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
Audience (LinkedIn): 462k LinkedIn followers — 20.6% of this cohort's audience
Activity (LinkedIn): 2 awards announced in 12 mo
Funding rounds
- Mar 2024Post IPO$398.3M
- Dec 2022Post IPO$430.8M
- Nov 2021Post IPO$537.6M
- Mar 2020Conventional Debt$200M
Founders & team
Investors
J P Morgan, UBS, CLSA, Piramal Group, New World Fund, Kuwait Investment Authority
Tech stack
AosCloudflareCore-JsDrupalFacebook PixelFancybox
#10
Funding Raised · Mumbai, Maharashtra · founded 1991 · 215 employees$1.1Mraised▾
Funding Raised · Mumbai, Maharashtra · founded 1991 · 215 employees
Manufacturer of water purifier systems
Fliar Intelligence Index™ 69how this company ranks against its industry peers
Innovation
top 20%Moat
top 21%Market
top 32%Product
top 32%Fin. health
top 35%Talent
top 45%Innovation: 11 product lines
Moat: Top 5% by revenue among 972 tracked Waste & Water Management companies · Editorial + unicorn rating 4/10
Market: 215 employees (top 22% of Environment) · Revenue ~$48.5M · Top 5% by revenue among 972 tracked Waste & Water Management peers
Funding rounds
- Jan 2026Conventional Debt$1.1M
Founders & team
Investors
VentureSoul
Tech stack
AosApache Http ServerBootstrapBootstrap IconsCloudflare TurnstileCodeigniter
#11
Seed · Thane, Maharashtra · founded 1996 · 195 employees$3.5Mraised▾
Seed · Thane, Maharashtra · founded 1996 · 195 employees
Manufacturer of kraft paper. Operations involve the production and supply of paper products using recycled raw materials. It focuses on the conversion of discarded paper into new products through integrated deinking and re-pulping systems. Activities include the management of manufacturing facilities dedicated to the creation of paper goods.
Fliar Intelligence Index™ 40how this company ranks against its industry peers
Moat
top 32%Fin. health
top 42%Market
top 45%Growth
top 46%Funding
bottom 41%Global
bottom 37%Moat: Top 7% by revenue among 972 tracked Waste & Water Management companies · Editorial + unicorn rating 1/10
Fin. health: Revenue ~$31.0M (FY2018) · Net margin 2.6% · Revenue +12% YoY
Market: 195 employees (top 23% of Environment) · Revenue ~$31.0M · Top 7% by revenue among 972 tracked Waste & Water Management peers
Funding rounds
- Sep 2025Angel—
- Apr 2020Angel—
- Jun 2019Seed—
- Mar 2011Seed$3.5M
Investors
Nilesh Kumar Tolia And Sons, Yaalini Developers, Aafreen Developers, Discovery Buildcon, Sunshine Housecon, Ideal Management Consultants
Tech stack
BootstrapContact Form 7FancyboxFont AwesomeGoogle Font ApiHttp/3
#12
Series B · Mumbai, Maharashtra · founded 2015 · 726 employees$20.9Mraised▾
Series B · Mumbai, Maharashtra · founded 2015 · 726 employees
Chains providing rooftop solar energy systems for residential and commercial properties. These systems convert sunlight into electricity through photovoltaic panels and inverters. The service includes site assessment, system design, installation, and ongoing maintenance to ensure operational efficiency. The process involves mounting solar panels on rooftops to generate power for daily consumption, reducing reliance on traditional electricity grids. The company manages the entire lifecycle of the solar installation, from initial planning and structural evaluation.
Fliar Intelligence Index™ 76how this company ranks against its industry peers
Tech
top 20%Growth
top 26%Talent
top 28%Funding
top 35%Moat
top 36%Market
top 39%Tech: 80 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 · Devops: Nginx
Growth: Headcount 226 → 726 (+221%) across vintages · Revenue +105% YoY · Web rank 500,000 → 100,000 YoY
Talent: 3 named leaders on record · 3 C-suite/founder profiles curated
Audience (LinkedIn): 249k LinkedIn followers — 11.1% of this cohort's audience
Hiring (LinkedIn): 1 hiring post in 12 mo (public) · hiring: Project Coordinator, Installation Champion
Funding rounds
- Dec 2024Series B$40M
- Oct 2023Series A$4.5M
- Jul 2022Series A$12.5M
- Sep 2021Seed$4M
Founders & team
Investors
Gruhas, Lowercarbon Capital, Good Capital, Climate Angels, Rainmatter, Elevation Capital
Tech stack
Amazon CloudfrontAmazon S3Amazon Web ServicesApexcharts.JsAxiosBootstrap
Funding & investor landscape
$5.9Btotal disclosed funding
65companies funded
168disclosed rounds
3rounds last 90 days
Most active investors
Bessemer Venture Partners3 rounds
Notable founders
Arvind Bansal
CEO · Continuum Wind Energy
Amit Jain
CEO · Aditya Birla Renewables
Manmohan Sharma
CFO · Waaree Energies
Pawan Agrawal
CEO · Waaree Energies
Nitin Bhatia
CEO · Radiance Renewables
Manikkan Sangameswaran
Executive Director & CEO · Radiance Renewables
Kuldeep Jain
Co-Founder & Managing Director · CleanMax
Pramod Deore
CEO · CleanMax
Dipankar Pal
Co-Founder & Managing Director · Roofsol Energy
Raja Kalla
Co-Founder & CEO · Roofsol Energy
Mangal Lodha
Founder · Lodha Group
Abhishek Lodha
CEO & Managing Director · Lodha Group
Prism market signals · India · country-scoped Prism corpus, 5,623,069 docs
Market landscape — 10 sub-themes by coverage
Share of Environment coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
RESEARCH SIGNALS · India
How research on Environmental Monitoring is moving in India
A read on the academic research around Environmental Monitoring — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 1,195 India-affiliated papers.
research sentiment over time
201120192026
enthusiastic · positive · guarded tone
Tone is overwhelmingly optimistic and intensifying — the enthusiastic (strongly-positive) share moved 61% → 65% across 2011–2026.
top research entities
- Saveetha University35
- Vellore Institute of Technology University27
- Vel Tech Rangarajan Dr. Sagunthala R&D Institute of Science and Technology21
- Amrita Vishwa Vidyapeetham19
- Lovely Professional University19
leading researchers
KA, Nishadh · PA, Azeez · Rajesh Singh · Skye; id_orcid 0000-0001-8886-8426 Wassens · Robyn J Watts · Nicole; id_orcid 0000-0002-5175-7615 McCasker · Jason D. Thiem · A, Nishadh K
▲
Breakthroughs340 · 28%
▲ 17%→30% share
▲1.8× share momentum0 median citations91% since 2021mostly methods-led
IoT-driven environmental monitoring is surging — Indian breakthrough papers on Internet of Things rose from 1 to 65.
rising sub-themes (early→recent)
- Internet of Things1→65
- Air quality index1→45
- Cloud computing1→42
- Air pollution1→39
- Water quality1→35
Newly emergingEnvironmental data 0→19 · Sustainability 0→18 · Hazardous waste 0→15
Landmark An IoT Based Smart Water Quality Monitoring System using Cloud · 120 cites
◆
Advancements427 · 36%
▼ 50%→34% share
▼0.7× share momentum0 median citations81% since 2021mostly methods-led
Water quality advancement research intensified sharply — Indian papers grew from 4 to 38, alongside newly emerging sustainability work.
rising sub-themes (early→recent)
- Internet of Things1→65
- Air quality index5→44
- Agriculture1→36
- Water quality4→38
- Pollutant2→34
Newly emergingSustainability 0→31 · Environmental pollution 0→15 · Resource (disambiguation) 0→13
Landmark Applications of wireless sensor networks — A survey · 189 cites
▼
Concerns210 · 18%
▲ 15%→18% share
▲1.2× share momentum0 median citations86% since 2021mostly reviews
Microplastics newly emerged as a concern topic while pollution papers rose from 3 to 35 in Indian monitoring research.
rising sub-themes (early→recent)
- Pollution3→35
- Water quality2→25
- Contamination2→15
- Air quality index2→14
- Air pollution2→13
Newly emergingHuman health 0→27 · Microplastics 0→21 · Sustainability 0→15
Landmark A review on environmental gas sensors: Materials and technologies · 412 cites
RESEARCH HOTSPOTS · India
Where environmental monitoring is researched across India
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
Delhi-NCR43 · +0.22
Chennai42 · +0.62
Pune19 · +0.47
Mumbai18 · +0.43
Hyderabad18 · +0.33
Bengaluru14 · +0.71
Kolkata11 · +0.55
Varanasi9 · +0.17
Ahmedabad7 · +0.29
Roorkee5 · +0.66
PATENT SIGNAL · India
Who's filing environmental monitoring patents in India
India environmental monitoring patent filing is steady — 4 filings from 20 assignees (2020–2025), led by Dubey Vikas, Ramarao T, Kakde Sandeep DR; annual filings 1→1.
4 filings20 assigneespeak 1/yr2020–2025
filing momentum (YoY 2020–2025)
top patent filers
- Dubey Vikas1
- Ramarao T1
- Kakde Sandeep DR1
- T JAYA DR1
- Murthy KVR1
- K Vijayan DR1
- MANI Prashant DR1
- Pandey Manoj DR1
Common questions
How many Environment companies are there in Maharashtra, India?
Radar tracks 556 indexable Environment companies headquartered in Maharashtra, India, India, that meet our profile-completeness bar.
What is the total funding raised by Environment companies in Maharashtra, India?
The Environment companies in Maharashtra, India on this list have raised a combined $5.9B in disclosed equity funding across 65 funded companies.
Which is the highest-funded Environment company in Maharashtra, India?
Lodha Group is the highest-funded Environment company in Maharashtra, India, with $2.5B in disclosed equity funding.
How many Environment companies in Maharashtra, India are funded?
65 of the 556 Environment companies in Maharashtra, India on this list have disclosed at least one equity funding round.
How many Environment unicorns are there in Maharashtra, India?
1 Environment company in Maharashtra, India on this list is valued at $1B or more.
Who are the top investors in Maharashtra, India Environment companies?
The most active investors in Maharashtra, India Environment companies on this list include SINE, Europa, BlackRock, Impact Fund Denmark, Social Alpha.
Riya SenguptaFinancials
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.