Company lists
The Surat edition · 2026

Environmentcompanies in Surat

Consulting, waste & water, solar, wind & power, green building and more: the companies building environment in Surat, Gujarat, with their founders, funding, team size and business models.

78 company profiles38 with reported revenue6 with recorded fundingOctober 2026 edition
Surat · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent environment business events in India

Funding, M&A, contract wins and launches involving 5,556 environment companies in India, last 24 months: 643 Contracts · 144 M&A deals · 88 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 (UPCL)

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

Power distribution
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

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
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 Surat, by revenue

Browse environment companies in Surat by reported revenue, one-year revenue growth, revenue model, age and stage. The 38 companies below are the largest by their most recent reported revenue among 38 environment companies in Surat, Gujarat that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 38

Manufacturer of photovoltaic solar modules

Solar energy
₹2,832.89 crFY 2024-25
+122%2024–2025
1,179+37% vs previous recordLinkedIn · Oct 2026
9 yr2017
2postings · last posted Sep 2026

Developer of renewable power plants

Solar energy
₹1,755.16 crFY 2024-25
+70%2024–2025
1,544+135% 12 mo to Jul 2024LinkedIn · Oct 2026
18 yr2008
0none in 3 months · last posted Jun 2026

Manufacturer of solar photovoltaic modules and provider of engineering, procurement, & construction services

Solar energy
₹1,490.93 crFY 2022-23
Not reported
2,422+33% 12 mo to Aug 2024LinkedIn · Oct 2026
15 yr2011
0none in 3 months

Independent thermal, solar & wind power producer

Non- renewable power generation
₹1,325.08 crFY 2024-25
-7%2024–2025
243+30% 12 mo to Aug 2024LinkedIn · Oct 2026
41 yr1985
0none in 3 months

Wind Energy EPC provider

Wind energy
₹958.45 crFY 2024-25
+97%2024–2025
1,544+6% 12 mo to Mar 2023LinkedIn · Oct 2026
32 yr1994
0none in 3 months

Provider of water management services

Waste & water management
₹544.61 crFY 2022-23
Not reported
177-3% 12 mo to Sep 2024LinkedIn · Jul 2026
47 yr1979
0none in 3 months

Developer of solar energy projects

Solar energy
₹368.96 crFY 2024-25
+119%2024–2025
8recorded Sep 2024
7 yr2019
0none in 3 months

Developer of solar energy projects

Solar energy
₹231.52 crFY 2021-22
Not reported
324+15% 12 mo to Aug 2024recorded Aug 2024
18 yr2008
—No postings tracked

Manufacturer of solar PV modules

Solar energy
₹242.56 crFY 2024-25
+145%2024–2025
199+61% 12 mo to Sep 2024LinkedIn · Jul 2026
6 yr2020
0none in 3 months · last posted Jun 2026

Manufacturer of solar power systems and solar panels

Solar energy
₹202.27 crFY 2022-23
Not reported
460-32% 12 mo to Sep 2024LinkedIn · Oct 2026
13 yr2013
0none in 3 months

Provider of civil construction management and water treatment services

Waste & water management
₹204.99 crFY 2024-25
+31%2024–2025
—Not available
29 yr1997
0none in 3 months

Provider of turnkey solutions for wind and solar projects

Solar energy
₹124.68 crFY 2024-25
+370%2024–2025
132LinkedIn · Jul 2026
4 yr2022
0none in 3 months · last posted Nov 2025

Operator of common effluent treatment plant for industrial wastewater processing

Waste & water management
₹77.83 crFY 2024-25
+0%2024–2025
37LinkedIn · Jul 2026
22 yr2004
0none in 3 months

Provider of solar street lights, water pumps, and roof tops

Solar energy
₹60.30 crFY 2024-25
+50%2024–2025
—Not available
12 yr2014
0none in 3 months

Developer of solar and wind energy projects

Solar energy
₹52.80 crFY 2024-25
-5%2024–2025
40+31% 12 mo to Aug 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Engineering, designing, and consulting firm

Waste & water management
₹51.56 crFY 2024-25
+15%2024–2025
—Not available
20 yr2006
3postings · last posted Sep 2026

Manufacturer of biogas plants, organic waste converters, and composting machines

Waste & water management
₹46.63 crFY 2024-25
+280%2024–2025
111-26% 12 mo to Sep 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Developer of solar energy projects

Solar energy
₹45.24 crFY 2024-25
+298%2024–2025
26LinkedIn · Jul 2026
18 yr2008
0none in 3 months · last posted Jun 2026

Provider of environmental, engineering, turnkey projects, and waste management solutions

Waste & water management
₹44.70 crFY 2024-25
+114%2024–2025
18LinkedIn · Jul 2026
40 yr1986
0none in 3 months

Provider of electrical, instrumentation, and automation solutions for process and infrastructure industries

Waste & water management
₹40.63 crFY 2024-25
+121%2024–2025
29LinkedIn · Jul 2026
24 yr2002
0none in 3 months

Manufacturer of mineral water treatment, packaging plants, and related machinery

Waste & water management
₹31.24 crFY 2024-25
+28%2024–2025
27LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Manufacturer of mono & poly crystalline solar PV modules

Solar energy
₹30.15 crFY 2024-25
+9%2024–2025
174LinkedIn · Jul 2026
10 yr2016
0none in 3 months · last posted Jun 2026

Provider of solar energy services for residential & commercial

Solar energy
₹27.55 crFY 2024-25
+266%2024–2025
25LinkedIn · Jul 2026
12 yr2014
0none in 3 months · last posted Jun 2026

Solar solutions provider offering residential, commercial, and industrial solar panel installation services

Solar energy
₹24.10 crFY 2024-25
+316%2024–2025
23LinkedIn · Jul 2026
6 yr2020
0none in 3 months · last posted Apr 2026

Developer of solar energy projects

Solar energy
₹21.83 crFY 2024-25
+62%2024–2025
—Not available
9 yr2017
0none in 3 months
38 of 78 companies shown here · the full list is on Radar
Fliar Radar

Explore all 78 environment companies in Surat on Radar

This page shows the top 38. Radar has the complete, filterable list with contacts and live company signals.

Open environment in Surat on Radar
  • Every company, not just 50All 78 environment companies in Surat, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
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Explore environment companies in Surat by what you are looking for

Browse top environment companies in Surat, from environmental consulting firms to waste and water treatment specialists. You can also find solar and wind energy companies in Surat, environment startups in Surat and firms that are hiring.

8 ways to explore environment in Surat

Environmental consulting & testing firmsWaste & water management companiesSolar energy companiesWind & renewable power developersGreen building & energy efficiency firmsEnvironment startups in Surat

Environmental consulting & testing firms

Consultants and labs that advise on environmental compliance, impact studies and testing.

  1. Green Design & Engineering Services

    Engineering, designing, and consulting firm

    Waste & water management
    See in list
  2. Ecosystem Resource Management

    Provider of environmental, engineering, turnkey projects, and waste management solutions

    Waste & water management
    See in list
  3. Pollucon Laboratories

    Provider of analytical testing for food, water, environment, and construction materials

    Food safety testing
    See in list
  4. Earth Care Enviro Solutions

    Environmental organization providing education and advocacy on sustainability and eco-justice issues

    Environment consultancy services
    See in list
  5. DetoxGroup

    Provider of environmental solutions

    Environment consultancy services
    Website

Waste & water management companies

Companies that treat wastewater, manage waste and recycle materials for cities and industry.

  1. Enviro Control

    Provider of water management services

    Waste & water management
    See in list
  2. Bms Projects

    Provider of civil construction management and water treatment services

    Waste & water management
    See in list
  3. Palsana Enviro

    Operator of common effluent treatment plant for industrial wastewater processing

    Waste & water management
    See in list
  4. Green Design & Engineering Services

    Engineering, designing, and consulting firm

    Waste & water management
    See in list
  5. Biofics

    Manufacturer of biogas plants, organic waste converters, and composting machines

    Waste & water management
    See in list
25 companies in Surat

Solar energy companies

Manufacturers and developers of solar modules, plants and rooftop systems.

  1. Rayzon Solar

    Manufacturer of photovoltaic solar modules

    Solar energy
    See in list
  2. GIPCL

    Independent thermal, solar & wind power producer

    Non- renewable power generation
    See in list
  3. Sun Drops Energia

    Developer of solar energy projects

    Solar energy
    See in list
  4. Navitas Solar

    Manufacturer of solar power systems and solar panels

    Solar energy
    See in list
  5. BA Prerna

    Provider of turnkey solutions for wind and solar projects

    Solar energy
    See in list

Wind & renewable power developers

Developers and producers of wind, hybrid and other renewable power projects.

  1. GIPCL

    Independent thermal, solar & wind power producer

    Non- renewable power generation
    See in list
  2. K P Energy

    Wind Energy EPC provider

    Wind energy
    See in list
  3. BA Prerna

    Provider of turnkey solutions for wind and solar projects

    Solar energy
    See in list
  4. Swev India

    Provider of solar, wind, electric vehicle, and fire safety products.

    Solar energy
    See in list
  5. KPI Green Energy

    Developer of renewable power plants

    Solar energy
    See in list

Green building & energy efficiency firms

Firms that design sustainable buildings and help cut energy use.

  1. Green Design & Engineering Services

    Engineering, designing, and consulting firm

    Waste & water management
    See in list
  2. Essteam

    Provider of architectural and designing services for green buildings

    Green buildings
    Website
  3. Bms Projects

    Provider of civil construction management and water treatment services

    Waste & water management
    See in list
  4. Unique Sun Power

    Solar power consultancy company providing industry-leading solar energy solutions to customers

    Solar energy
    Website
  5. Ecosystem Resource Management

    Provider of environmental, engineering, turnkey projects, and waste management solutions

    Waste & water management
    See in list

Environment startups in Surat

Newer environment companies founded in recent years.

  1. BA Prerna

    Provider of turnkey solutions for wind and solar projects

    Solar energy
    See in list
  2. ASOTE

    Provider of solar installation services

    Solar energy
    See in list
  3. Solark InfraSolutions

    Provider of solar energy services for business

    Solar energy
    See in list
  4. Waari Water

    Manufacturer of commercial and industrial water treatment plants, vending machines, and water coolers

    Waste & water management
    See in list
  5. Swev India

    Provider of solar, wind, electric vehicle, and fire safety products.

    Solar energy
    See in list
14 companies in Surat

Environment companies hiring in Surat

Environment companies in Surat with open roles.

  1. Rayzon Solar

    Manufacturer of photovoltaic solar modules

    Solar energy
    See in list
  2. KPI Green Energy

    Developer of renewable power plants

    Solar energy
    See in list
  3. BA Prerna

    Provider of turnkey solutions for wind and solar projects

    Solar energy
    See in list
  4. Green Design & Engineering Services

    Engineering, designing, and consulting firm

    Waste & water management
    See in list
  5. Kashyap Solar

    Developer of solar energy projects

    Solar energy
    See in list
8 companies in Surat

Listed environment companies in Surat

Publicly listed environment and energy companies based in Surat.

  1. KPI Green Energy

    Developer of renewable power plants

    Solar energy
    See in list
  2. GIPCL

    Independent thermal, solar & wind power producer

    Non- renewable power generation
    See in list
  3. K P Energy

    Wind Energy EPC provider

    Wind energy
    See in list
3 companies in Surat
Mobile reach

Top 3 environment apps from Surat

The most-installed Android apps published by environment companies headquartered in Surat — 6K installs between them. 3 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 3
The business behind the activity

Environment financials in Surat

Revenue, profit and growth from the filed annual accounts of 34 environment companies in Surat, Gujarat for FY24-25 — 39 of the 78 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 80% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹10,956.87 cr

34 companies filing accounts

combined net profit₹1,200.02 cr

11.0% aggregate margin

are profitable91%

30 of 34 companies

median revenue~₹42.7 cr

the typical company

median revenue growth+77%

into FY24-25

earned by the top five80%

revenue concentration

Six-year view

Combined revenue of filing companies

₹2,820.03 crFY19-2023 filers
₹2,601.07 crFY20-2127 filers
₹3,109.37 crFY21-2231 filers
₹4,327.90 crFY22-2335 filers
₹6,306.79 crFY23-2435 filers
₹10,956.87 crFY24-2534 filers

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

Like-for-like

The same 31 companies over three years

+88%
FY22-23₹4,303.50 cr₹480.88 cr net
FY23-24₹4,977.10 cr₹546.13 cr net
FY24-25₹8,094.20 cr₹871.23 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 cr367% profitable
₹1–10 cr475% profitable
₹10–100 cr1889% profitable
₹100–1,000 cr5100% profitable
Over ₹1,000 cr4100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking7
0–20%4
20–50%3
50–100%4
Doubled+15

33 companies with accounts for both years; median growth +77%.

Profitability

Profit is concentrated at the top

30profitable
3loss-making
11.0%aggregate margin
5.1%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
ASOTEASOTE SOLUTIONS PRIVATE LIMITED
Fourcell EnergyFOURCELL ENERGY PRIVATE LIMITED+316%₹24.10 cr
Kashyap SolarKASHYAP INFRAPROJECTS PRIVATE LIMITED+298%₹45.24 cr
BioficsBIOFICS PRIVATE LIMITED+280%₹46.63 cr
Anany UrjaANANY URJA PRIVATE LIMITED+266%₹27.55 cr
Nirmal VasundharaNIRMAL VASUNDHARA PRIVATE LIMITED
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Sunora SolarES SUN POWER PRIVATE LIMITED23.5%₹30.15 cr
Palsana EnviroPALSANA ENVIRO PROTECTION LIMITED18.6%₹77.83 cr
BioficsBIOFICS PRIVATE LIMITED17.2%₹46.63 cr
GIPCLGUJARAT INDUSTRIES POWER COMPANY LTD.16.0%₹1,325.08 cr
KPI Green EnergyKPI GREEN ENERGY LIMITED15.7%₹1,607.48 cr
Sun Drops EnergiaSUN DROPS ENERGIA LIMITED13.9%₹368.96 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Solar energy17₹7,394.18 cr~₹30.1 cr88%10.1%
Waste & water management13₹1,281.16 cr~₹44.7 cr92%9.8%
Leaders

Largest environment companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Rayzon SolarRAYZON SOLAR LIMITED₹2,832.89 cr₹329.57 cr11.6%+122%
Goldi SolarGOLDI SOLAR PRIVATE LIMITED₹2,051.39 cr₹83.72 cr4.1%+183%
KPI Green EnergyKPI GREEN ENERGY LIMITED₹1,607.48 cr₹252.35 cr15.7%+120%
GIPCLGUJARAT INDUSTRIES POWER COMPANY LTD.₹1,325.08 cr₹211.43 cr16.0%-7%
K P EnergyK.P. ENERGY LIMITED₹943.32 cr₹112.07 cr11.9%+96%
Enviro ControlENVIRO CONTROL PRIVATE LIMITED₹666.81 cr₹81.59 cr12.2%-8%
Sun Drops EnergiaSUN DROPS ENERGIA LIMITED₹368.96 cr₹51.25 cr13.9%+119%
Cosmic Pv PowerCOSMIC PV POWER LIMITED₹242.56 cr₹23.67 cr9.8%+145%
Bms ProjectsBMS PROJECTS PRIVATE LIMITED₹204.99 cr₹10.55 cr5.1%+31%
Max Pure Water SystemMAX PURE WATER SYSTEM PRIVATE LIMITED₹85.88 cr+2%
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 Surat 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 Surat
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 Surat compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months15

US$737.10m

equity rounds, last 24 months70

US$1.35bn

raised over five yearsUS$5.13bn

219 rounds in India

M&A deals, India144

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

136Acquisition
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.

Go deeper in the environment landscape reports:

Environment Industry Landscape of India

Environment funding in Surat

6 environment companies in Surat have recorded equity funding, US$205.82m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Surat

Meet the people behind environment companies in Surat. 27 of 78 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Surat environment companies by sub-sector

The most common specialisations among environment companies in Surat. 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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