Company lists
The Mumbai edition · 2026

Environmentcompanies in Mumbai

Waste & water, environmental consultants, air pollution control, green buildings, solar and more: the companies building environment in Mumbai, Maharashtra, with their founders, funding, team size and business models.

452 company profiles216 with reported revenue30 with recorded fundingSeptember 2026 edition
Mumbai · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent environment business events in Mumbai

Funding, M&A, contract wins and launches involving 537 environment companies in Mumbai, last 24 months: 115 Contracts · 51 M&A deals · 19 funding rounds · 3 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

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

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
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
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

ContractService

Sterling and wilson renewable energy · client: Coal india

The contract, awarded by Coal India, carries a value of about Rs 3,490 crore, including operations and maintenance as well as applicable taxes.

Renewable Energy
FundingParent company guarantee

Sterling and wilson renewable energy

Sterling and Wilson Renewable Energy Limited has issued a USD 34 million parent company guarantee in favour of Nedbank Limited to secure an additional working capital facility for…

Investors Nedbank
Solar power
M&AAcquisition · Completed

Premier energies acquires Transcon

Premier Energies Limited has completed its acquisition of Transcon Ind Limited.

ContractSupply

Hinduja renewables · client: LG Electronics India

In a significant stride towards industrial decarbonisation, Hinduja Renewables Energy Private Limited (HREPL) has signed a long-term solar Power Purchase Agreement (PPA) with LG…

Renewable Energy
Funding

Metafin

"Metafin raised $10 million in debt,"

Investors Na
Lending
M&AAcquisition · Announced

GIP EM Star Pte Ltd acquires Aditya Birla Renewables

Commission approves the subscription of certain equity share capital of Aditya Birla Renewables Limited (ABReN/Target) by GIP EM Star Pte Ltd (Acquirer),

Renewable Energy
ContractSupply

Hinduja renewables · client: LGE India

LGE India has signed long-term solar power purchase agreements with Hinduja Renewables Energy Pvt Ltd and Sunsure Energy to source renewable electricity for its manufacturing facilities…

Renewable Energy
Funding

Mahindra susten

Mahindra Susten has secured financing of about $123mn for a 300MW renewable energy project in Rajasthan being developed for NHPC Limited , according to POWERLINE.

Investors Hdfc bank
Renewable Energy
ContractService

Waaree Renewable Technologies · client: Na

Waaree Renewable Technologies Limited has signed a contract to execute engineering, procurement and construction (EPC) works for a 300 MW AC (420 MWp) ground-mounted solar photovoltaic…

Solar
M&AAcquisition · Completed

DC&T Global Private Limited acquires Metafin

DC&T Global Private Limited, a wholly owned subsidiary of Belding India Limited, has successfully acquired 55% shareholding in Metafin Technology Private Limited on March 5, 2026.

Engineering, Industrial Equipment & Automation
M&AAcquisition · Completed

Apollo pipes acquires Kisan mouldings

Apollo Pipes has made further investment by acquiring an additional equity stake of 3.34% through a secondary purchase in Kisan Mouldings (KML), a subsidiary of the company. The cost of…

Manufacturing and trading of PVC Pipes and Fittings
M&AAcquisition · Announced

Inox Green acquires Wind World India

INOXGFL Group, has emerged as a successful bidder for the acquisition of the IPP and O&M businesses of Wind World India through the National Company Law Tribunal (NCLT)-approved…

Renewable Energy
M&AAcquisition · Announced

Inox green energy services acquires Wind World India

At the same time, Inox Green Energy Services will take over Wind World India’s O&M business, strengthening its presence in the renewable asset management space.

Operations & Maintenance
M&AAcquisition · Announced

Inox Clean Energy acquires Wind World India

INOXGFL Group on Thursday said it has emerged as the successful bidder for the acquisition of the IPP and O&M businesses of Wind World India through an NCLT-approved resolution process.

Independent Power Producer
M&AAcquisition · Announced

INOXGFL Group acquires Wind World India

Noida-headquartered INOXGFL Group has emerged as the successful bidder for the acquisition of Wind World India’s Independent Power Producer (IPP) and Operations & Maintenance (O&M) arms.

Energy
M&AAcquisition · Announced

Inox Clean Energy acquires Wind World India

INOXGFL group has emerged as the successful bidder for the acquisition of the IPP and O&M businesses of Wind World India. An exchange filing shows that the group company Inox Clean…

Renewable Energy
M&AAcquisition · Announced

Inox Clean acquires Wind World India

INOXGFL Group has won the bid to acquire Wind World India’s Independent Power Producer (IPP) and Operations & Maintenance (O&M) businesses through a National Company Law Tribunal…

Renewable Energy
M&AAcquisition · Announced

Inox Neo Energies acquires Wind World India

Inox Clean Energy Limited, the group’s renewable energy platform focused on developing, owning and operating utility-scale wind, solar and hybrid assets, will acquire Wind World India’s…

Wind Power Generation
ContractSupply

Ion exchange · client: Petroleum development oman

An arm of Ion Exchange has secured an order worth Rs 17.3 billion (bn) from Petroleum Development Oman, according to a company statement.

ContractMaintenance

Inox green energy · client: Wind World India

New Delhi: Inox Green Energy has bid ₹550-600 crore for Wind World India's green energy operation and maintenance (O&M) portfolio in a court-driven bidding process, said people familiar…

Renewable Energy
FundingEquity raise

Radiance renewables

Radiance, an Eversource Capital‑backed platform and leader in India’s Commercial and Industrial renewable energy sector, today announced an equity investment raise of ~USD 100 million.

Commercial & Industrial Renewable Energy
M&AAcquisition · Announced

Miri Strategic Emerging Markets Fund acquires Antony waste handling cell

The Miri Strategic Emerging Markets Fund, owned by Miri Capital Management, has acquired additional 2.04 lakh shares (0.72 percent stake) in Antony Waste at Rs 589.37 per share, valued…

ContractInfrastructure

Mindspace Business Parks REIT · client: K raheja corp

Mindspace Business Parks REIT in November 2025 announced that it had acquired three commercial assets in Mumbai and Pune for ₹2,916 crore from K Raheja Corp to expand its REIT portfolio.

M&AAcquisition · Completed

Reliance industries acquires Reliance power

Mukesh Ambani-led Reliance Industries has consolidated 16 step-down wholly owned subsidiaries into its clean-energy arm, Reliance New Energy Limited, as it streamlines its expanding…

Environment companies in Mumbai, by revenue

Browse environment companies in Mumbai by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 216 environment companies in Mumbai, Maharashtra that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

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

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

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 solar photovoltaic panels

Solar energy
₹5,341.39 crFY 2024-25
+2193%2024–2025
—Not available
37 yr1989
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

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

Developer of industrial piping system

Waste & water management
₹2,537.66 crFY 2024-25
-2%2024–2025
1,453+10% 12 mo to Jul 2024LinkedIn · Jul 2026
39 yr1987
0none in 3 months · last posted Jun 2026

Provider of water and environment management services

Waste & water management
₹2,391.73 crFY 2023-24
Not reported
4,540+4% 12 mo to Sep 2024LinkedIn · Jul 2026
62 yr1964
3postings · last posted Aug 2026

Manufacturer and transporter of Bitumen and LPG

Manufacturing services
₹2,409.47 crFY 2024-25
+13%2024–2025
6+27% 12 mo to Mar 2023LinkedIn · Jul 2026
31 yr1995
1postings · last posted Sep 2026

Developer of energy storage systems

Solar energy
₹2,125.87 crFY 2022-23
Not reported
1,817-11% 12 mo to Apr 2024LinkedIn · Jul 2026
99 yr1927
0none in 3 months

Provider of drinking water services

Waste & water management
₹1,780.65 crFY 2024-25
+38%2024–2025
—Not available
28 yr1998
0none in 3 months

Developer of solar energy projects

Solar energy
₹1,610.34 crFY 2024-25
Not reported
986+20% 12 mo to Jun 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Manufacturer of solar glass

Solar energy
₹1,390.46 crFY 2023-24
Not reported
523+1% 12 mo to Aug 2024LinkedIn · Jul 2026
64 yr1962
0none in 3 months

Provider of waste processing, treatment, and collection services

Waste & water management
₹958.79 crFY 2024-25
+7%2024–2025
121-60% 12 mo to Sep 2024LinkedIn · Jul 2026
25 yr2001
0none in 3 months

Leading industry player in clean energy solutions with a decade of experience in executing large-scale and complex renewable energy projects

Solar energy
₹584.09 crFY 2024-25
+47%2024–2025
494+236% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
12postings · last posted Sep 2026

Provider of open access and behind-the-meter solar energy solutions

Solar energy
₹575.79 crFY 2024-25
+35%2024–2025
153+8% 12 mo to Jul 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Provider of scrap metal recycling services

Waste & water management
₹572.69 crFY 2024-25
+11%2024–2025
—Not available
14 yr2012
0none in 3 months

Provider of wastewater treatment services

Waste & water management
₹498.77 crFY 2021-22
Not reported
195LinkedIn · Jul 2026
21 yr2005
0none in 3 months

A turnkey solar EPC company

Solar energy
₹509.02 crFY 2024-25
+161%2024–2025
583+33% 12 mo to Aug 2024LinkedIn · Jul 2026
16 yr2010
0none in 3 months · last posted Jan 2025

Developer of residential and commercial properties with a focus on conscious luxury

Real estate & infrastructure developers
₹431.37 crFY 2024-25
-45%2024–2025
154+0% 12 mo to Sep 2024LinkedIn · Jul 2026
41 yr1985
0none in 3 months · last posted Nov 2025

Manufacturer of water purifier systems

Waste & water management
₹409.93 crFY 2024-25
+15%2024–2025
215-0% 12 mo to Jul 2024recorded Jul 2024
35 yr1991
0none in 3 months

Provider of clean energy services and developer of renewable projects

Solar energy
₹392.46 crFY 2024-25
+33%2024–2025
321+900% 12 mo to Jul 2024LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Developer of solar and wind energy projects

Solar energy
₹365.77 crFY 2024-25
+59%2024–2025
204LinkedIn · Jul 2026
36 yr1990
1postings · last posted Sep 2026

Chains providing rooftop solar energy systems for residential and commercial properties

Solar energy
₹364.30 crFY 2024-25
+105%2024–2025
2,513+221% 12 mo to Sep 2024LinkedIn · Jul 2026
11 yr2015
11postings · last posted Sep 2026

Developer of wind, solar, hybrid, and green hydrogen energy projects

Solar energy
₹307.36 crFY 2024-25
Not reported
168-16% 12 mo to Aug 2023LinkedIn · Jul 2026
7 yr2019
1postings · last posted Sep 2026
50 of 452 companies shown here · the full list is on Radar
Fliar Radar

Explore all 452 environment companies in Mumbai on Radar

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

Open environment in Mumbai on Radar
  • Every company, not just 50All 452 environment companies in Mumbai, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
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Explore environment companies in Mumbai by what you are looking for

Discover environment companies in Mumbai, from waste and water management firms to solar developers and environmental consultants. You can also browse top environmental companies, startups and listed companies in Mumbai.

9 ways to explore environment in Mumbai

Waste management & water treatment companiesEnvironmental consultancy & sustainability servicesAir quality & pollution control companiesGreen building & rainwater harvesting companiesSolar energy companiesWind, hydro & other renewable energy companies

Waste management & water treatment companies

Companies for waste processing, recycling and wastewater treatment.

  1. PRINCE PIPES AND FITTINGS

    Developer of industrial piping system

    Waste & water management
    See in list
  2. Ion Exchange

    Provider of water and environment management services

    Waste & water management
    See in list
  3. Vishvaraj

    Provider of drinking water services

    Waste & water management
    See in list
  4. Antony Waste Handling

    Provider of waste processing, treatment, and collection services

    Waste & water management
    See in list
  5. Radha Raman Metal

    Provider of scrap metal recycling services

    Waste & water management
    See in list

Environmental consultancy & sustainability services

Consultants for environmental compliance, audits and carbon management.

  1. Viviid Emissions Reductions

    Provider of carbon management solutions for businesses

    Environment consultancy services
    Website
  2. EASPL

    Company improves energy navigation through consultancy, advisory, and transaction management services

    Environment consultancy services
    Website
  3. Terracon Ecotech

    Provider of environmental consultancy specializing in environmental audit, ecological restoration, and others

    Environment consultancy services
    Website
  4. Planet Sustech

    Provider of environmental, social, and governance data collection solutions

    Environment consultancy services
    Website
  5. CarbonWatch

    Provider of climate change mitigation and carbon consulting services

    Environment consultancy services
    Website

Air quality & pollution control companies

Makers of air filtration, purification and pollution control systems.

  1. Samta

    Samta Group I Inventing a new future

    Air management services
    See in list
  2. Equinox

    Provider of food testing and auditing services

    Air management services
    Website
  3. Alan Scott Industries

    Provider of air purifier technology and equipment services

    Air management services
    Website
  4. Pilani Envirotech

    Manufacturer of air filtration and air pollution control systems

    Air management services
    Website
  5. Climatronics

    Manufacturer of industrial and home dehumidifiers and indoor air quality solutions. It offers a variety of dehumidifier models for diverse applications, including compact, industrial, and ceiling-mounted units. The company also provides solutions for improving indoor air quality, focusing on reducing bacterial loads and particulate matter. Its expertise extends to humidification systems for specialized storage needs. The solutions are designed to be easy to implement and maintain, addressing moisture-related challenges in various settings.

    Manufacturing services
    Website

Green building & rainwater harvesting companies

Green building developers, materials makers and rainwater harvesting providers.

  1. K Raheja Corp

    Developer of green buildings

    Green buildings
    See in list
  2. Chemtronics Technology

    Diversified rainwater harvesting firm

    Rainwater harvesting
    Website
  3. WaterFieldIndia.com

    Provider of rain water harvesting system and water management services

    Rainwater harvesting
    Website
  4. PEC Greening India

    Provider of green building consultancy services

    Green buildings
    Website
  5. Sunlight Consultancy

    Provider of rainwater harvesting system

    Rainwater harvesting
    Website

Solar energy companies

Solar module makers, project developers and rooftop providers.

  1. Tata Power Solar

    Manufacturing of PV modules and solar cells

    Solar energy
    See in list
  2. Waaree Energies

    Manufacturer of solar PV modules

    Solar energy
    See in list
  3. TP Solar

    Provider of solar photovoltaic panels

    Solar energy
    See in list
  4. Karamtara

    Integrated manufacturer of products for renewable energy and transmission lines sectors

    Electricity transmission & distribution equipment
    See in list
  5. CleanMax

    Developer of solar energy projects

    Solar energy
    See in list

Wind, hydro & other renewable energy companies

Developers of wind, hydro and bioenergy projects.

  1. Tata Power Renewable Energy

    Developer of large-scale renewable energy projects

    Solar energy
    See in list
  2. Powerica

    Manufacturer generator for wind energy

    Wind energy
    See in list
  3. Viviid Renewables

    Developer of wind, solar, hybrid, and green hydrogen energy projects

    Solar energy
    See in list
  4. Brookfield Renewable

    Provider of solar and wind energy solutions in India for commercial, industrial, and utility clients

    Wind energy
    See in list
  5. NuPower Renewables

    Provider of independent power generation services

    Solar energy
    See in list

Environment startups in Mumbai

Newer environment and cleantech companies founded in recent years.

  1. Mahindra Solarize

    Manufacturer of solar powered products

    Solar energy
    See in list
  2. Aman E-Waste Recyclers

    Provider of e-waste recycling and IT asset disposition services

    Waste & water management
    Website
  3. Ecosavelabs

    Provider of solar energy solutions and waste recycling services

    Waste & water management
    Website
  4. KT Solar Engg

    Provider of solar energy services for residential & commercial

    Solar energy
    Website
  5. Viviid Emissions Reductions

    Provider of carbon management solutions for businesses

    Environment consultancy services
    Website
52 companies in Mumbai

Environment companies hiring in Mumbai

Environment companies with open jobs.

  1. Waaree Energies

    Manufacturer of solar PV modules

    Solar energy
    See in list
  2. PRINCE PIPES AND FITTINGS

    Developer of industrial piping system

    Waste & water management
    See in list
  3. Ion Exchange

    Provider of water and environment management services

    Waste & water management
    See in list
  4. Agarwal Industrial

    Manufacturer and transporter of Bitumen and LPG

    Manufacturing services
    See in list
  5. Aditya Birla Renewables

    Leading industry player in clean energy solutions with a decade of experience in executing large-scale and complex renewable energy projects

    Solar energy
    See in list
21 companies in Mumbai

Listed environment companies in Mumbai

Publicly listed environment and clean energy companies.

  1. Waaree Energies

    Manufacturer of solar PV modules

    Solar energy
    See in list
  2. Powerica

    Manufacturer generator for wind energy

    Wind energy
    See in list
  3. PRINCE PIPES AND FITTINGS

    Developer of industrial piping system

    Waste & water management
    See in list
  4. Agarwal Industrial

    Manufacturer and transporter of Bitumen and LPG

    Manufacturing services
    See in list
  5. Sterling and Wilson

    Developer of energy storage systems

    Solar energy
    See in list
23 companies in Mumbai
Mobile reach

Top 10 environment apps from Mumbai

The most-installed Android apps published by environment companies headquartered in Mumbai — 266K installs between them. 15 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
5

Oorjan - Solar Monitoring App

by Oorjan

Installs10K
Rating—
Last updatedAug 2021
View on Google Play ↗
Oorjan - Solar Monitoring App screenshot 1Oorjan - Solar Monitoring App screenshot 2Oorjan - Solar Monitoring App screenshot 3Oorjan - Solar Monitoring App screenshot 4Oorjan - Solar Monitoring App screenshot 5
The business behind the activity

Environment financials in Mumbai

Revenue, profit and growth from the filed annual accounts of 201 environment companies in Mumbai, Maharashtra for FY24-25 — 234 of the 452 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 68% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹88,025.22 cr

201 companies filing accounts

combined net profit₹7,604.54 cr

8.6% aggregate margin

are profitable78%

157 of 201 companies

median revenue~₹13.9 cr

the typical company

median revenue growth+17%

into FY24-25

earned by the top five68%

revenue concentration

Six-year view

Combined revenue of filing companies

₹31,642.67 crFY19-20174 filers
₹40,712.22 crFY20-21182 filers
₹49,313.20 crFY21-22197 filers
₹62,961.10 crFY22-23203 filers
₹86,787.39 crFY23-24209 filers
₹88,025.22 crFY24-25201 filers

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

Like-for-like

The same 183 companies over three years

+55%
FY22-23₹52,875.10 cr₹3,754.74 cr net
FY23-24₹74,099.77 cr₹6,140.85 cr net
FY24-25₹81,709.04 cr₹7,140.00 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 cr2722% profitable
₹1–10 cr6481% profitable
₹10–100 cr7290% profitable
₹100–1,000 cr2483% profitable
Over ₹1,000 cr14100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking61
0–20%43
20–50%31
50–100%27
Doubled+35

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

Profitability

Profit is concentrated at the top

157profitable
44loss-making
8.6%aggregate margin
3.5%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
SolencoSOLENCO INFRA PRIVATE LIMITED
Modern Hiring ServiceMODERN ENERGY RENTAL PRIVATE LIMITED
MetafinMETAFIN CLEANTECH FINANCE PRIVATE LIMITED+255%
DefSpaceDEFSPACE TECHNOLOGIES PRIVATE LIMITED
CubicEnviroCUBICENVIRO INDIA PRIVATE LIMITED
KT Solar EnggKt Solar Private Limited+165%₹17.66 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
AMJ LandAMJ LAND HOLDINGS LIMITED
Antony Waste HandlingANTONY WASTE HANDLING CELL LIMITED58.9%₹41.07 cr
SolencoSOLENCO INFRA PRIVATE LIMITED
Eco RecyclingECO RECYCLING LIMITED50.1%₹46.56 cr
K Raheja CorpK.RAHEJA IT PARK (HYDERABAD) LIMITED
Grow-TreesPANGEA ECONETASSETS PRIVATE LIMITED24.5%
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Solar energy92₹68,817.39 cr~₹12.5 cr75%9.5%
Waste & water management72₹10,123.78 cr~₹20.7 cr83%7.1%
Wind energy8₹2,884.68 cr~₹14.2 cr75%1.6%
Environment consultancy services7₹40.35 cr~₹7.1 cr43%-1.0%
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%
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%
Sterling and WilsonSTERLING AND WILSON RENEWABLE ENERGY LIMITED₹5,592.38 cr₹318.26 cr5.7%+88%
TP SolarTP SOLAR LIMITED₹5,341.39 cr₹421.53 cr7.9%>10×
KaramtaraKARAMTARA ENGINEERING LIMITED₹3,115.90 cr₹134.92 cr4.3%+30%
Ion ExchangeION EXCHANGE (INDIA) LIMITED₹2,591.21 cr₹214.48 cr8.3%+16%
PowericaPOWERICA LIMITED₹2,558.93 cr₹141.68 cr5.5%+9%
PRINCE PIPES AND FITTINGSPrince Pipes And Fittings Limited₹2,537.66 cr₹43.14 cr1.7%-2%
Agarwal IndustrialAGARWAL INDUSTRIAL CORPORATION LIMITED₹2,019.49 cr₹53.63 cr2.7%+12%
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 Mumbai maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the environment landscape of Mumbai
For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

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 Mumbai 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, Mumbai51

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 Mumbai

49Acquisition
2Merger

Most active acquirers

  1. Waaree energies14
  2. Inox Green4
  3. Premier energies3
  4. Waaree Renewable Technologies2
  5. Rochem separation systems2

Most acquired or merged

  1. Wind World India7
  2. Sterling and wilson renewable energy5
  3. Transcon4
  4. Associated power structures2
  5. Aditya Birla Renewables2

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

Environment funding in Mumbai

30 environment companies in Mumbai have recorded equity funding, US$2.07bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Mumbai

Meet the people behind environment companies in Mumbai. 190 of 452 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Mumbai environment companies by sub-sector

The most common specialisations among environment companies in Mumbai. 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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