Company lists
The Gujarat edition · 2026

Environment techcompanies in Gujarat

Water treatment, waste & recycling, energy efficiency, solar & renewable, facility & buildings and more: the companies building environment tech in Gujarat, with their founders, funding, team size and business models.

170 company profiles76 with reported revenue18 with recorded fundingOctober 2026 edition

Recent environment tech business events in India

Funding, M&A, contract wins and launches involving 2,459 environment tech companies in India, last 24 months: 64 Contracts · 55 funding rounds · 34 M&A deals · 6 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

M&AAcquisition · Announced

Adani energy solutions acquires IntelliSmart Infrastructure

Adani Energy Solutions (AESL) has signed a binding securities purchase and subscription agreement to acquire 100% of the equity in smart metering company IntelliSmart Infrastructure.

Smart Metering
ContractService

Lohum · client: Hindustan copper

Hindustan Copper Limited (HCL) has awarded LOHUM the rights to restart, upgrade, and maintain the 50,000 tonne-per-annum Copper Project at Jhagadia, Gujarat, under a 20-year…

Copper
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
FundingSeries B

Kimbal

Energy engineering company Kimbal Pvt Ltd on Thursday raised $22 million in a Series B funding round, led by sustainability-focused private equity firm, GEF Capital Partners.

Energy Engineering
M&AAcquisition · Announced

Inox Clean Energy acquires Boviet solar

Inox Clean Energy is set to acquire Boviet Solar in a deal that could assign an enterprise value of about $750 million (around Rs 7,000 crore) to the San Jose, California-headquartered…

Solar Energy
ContractService

Sterling and wilson renewable energy · client: Coal india

The company said it has been declared the L1 bidder for a turnkey EPC package from Coal India for the development of an 875 MW (AC) grid-connected solar PV project in Bikaner, Rajasthan.…

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
Funding

Ecoil

Clean energy startup Ecoil has raised about $2.5 million in a funding round led by early-growth stage venture capital firm Fundalogical Ventures.

Investors Caspian Impact Investment, Momentum capital, The chennai angels
Clean Energy
M&AAcquisition · Announced

Multiple potential suitors (Brookfield, Macquarie, KKR, Actis) acquires IntelliSmart Infrastructure

Promoters of IntelliSmart are seeking an enterprise valuation of about $700 million (₹6,520 crore), the people said.

Smart Metering
ContractSupply

Serentica renewables · client: Cairn Oil & Gas

Cairn Oil & Gas, part of the Vedanta Group, has started sourcing 25 MW of renewable hybrid power from Serentica Renewables for its Barmer oil field in Rajasthan.

Energy
M&AAcquisition · Rumored

Na acquires IntelliSmart Infrastructure

Mumbai: More than half a dozen potential suitors including global investors Brookfield, Macquarie, KKR, and Actis are in early-stage talks to acquire IntelliSmart Infrastructure, said…

ContractSupply

Serentica renewables · client: Sanathan Polycot

Serentica Renewables has inked a deal with Sanathan Polycot to provide 32 MW of hybrid renewable energy.

Funding

Ecofy

Ecofy, an NBFC focused on financing climate change solutions, raised Rs 380.5 crore ($41 million approx,) from BII and DAIF.

Investors Bii, DAIF
FinTech
Funding

Living things

Spadel has invested in UK beverage company Living Things through its venture capital arm, The Source Ventures, as part of a new funding round aimed at accelerating growth.

Investors Spadel
ContractTechnology

Genrobotics · client: Pub

Genrobotics, the Indian deep-tech leader redefining hazardous infrastructure maintenance, has secured a major contract with PUB, Singapore’s National Water Agency.

Infrastructure
FundingSeed

Hycosys

In a seed funding round headed by MountTech Growth Fund-Kavachh, deep-tech engineering startup Hycosys has raised more than $1 million, or roughly Rs 9 crore.

Investors MountTech Growth Fund-Kavachh
Deep-tech engineering
ContractInfrastructure

Organic recycling systems · client: Shreyam Manek Agro Products Pvt. Ltd

The Bioenergy Project Development and EPC vertical of Organic Recycling Systems (ORSL) has secured a large scale order from Shreyam Manek Agro Products Pvt. Ltd for the construction of a…

Bioenergy
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 green energy services acquires Wind World India – O&M arm

Meanwhile, Inox Green Energy Services will take over Wind World India’s O&M arm.

Operations & Maintenance
FundingSeed

Ukhi

Ukhi High Tech > Advanced Materials Haryana $1.16M Seed Venture Catalysts

Advanced Materials
FundingCSR

Amida Cleantech Private Limited

Jindal Stainless, India’s leading stainless steel manufacturer, is funding an innovative, indigenous advanced air purification system at the Shri Kashi Vishwanath Dham (SKVD) Ramp…

Air purification
FundingPre‑Series A

Padcare labs

Padcare Labs, a health tech company, raised $3 million in a Pre‑Series A round led by Rainmatter, with participation from 3one4 Capital and Brigade Reap.

Medical/HealthTech
LaunchLadakh

Smart air

The Ladakhs are powerful, quiet standalone air purifiers that provide huge amounts of clean air for a cost‑effective price. All this whilst operating at whisper‑quiet noise levels.

Air purifier
FundingSeries B

Varaha

Varaha, the Indian climate tech firm pioneering carbon measurement and removal solutions for agriculture and forestry, has raised $20 million in a Series B funding round to accelerate…

Climate technology
ContractTechnology

Honeywell · client: TruAlt Bioenergy

Honeywell on Wednesday said that TruAlt Bioenergy Limited will use its Ethanol-to-Jet (ETJ) process technology to produce 80,000 tons per annum (TPA) of sustainable aviation fuel (SAF)…

Sustainable Aviation Fuel
M&AAcquisition · Announced

Genus Power Infrastructures acquires Newlectric Innovation Pvt Ltd

Genus Power said that on January 20, 2026, it entered into an agreement to acquire around 34.35 lakh equity shares of Newlectric Innovation, representing 86.49 per cent of its equity…

Smart Electricity Meters Manufacturing
M&AAcquisition · Announced

Genus power infrastructure acquires Newlectric Innovation

Genus Power Infrastructure has signed a share purchase agreement to acquire the remaining 86.49% stake in Newlectric Innovation, a smart meter manufacturer.

Smart meter manufacturing
M&AAcquisition · Announced

Organic recycling systems acquires Industrial Associates Partnership Firm

Organic Recycling Systems Limited announced the acquisition of Industrial Associates Partnership Firm for ₹14.83 crores, as disclosed under Regulation 30 of SEBI (LODR) Regulations, 2015.

Chemical trading and distribution
ContractSupply

Varaha · client: Microsoft

Microsoft has signed a deal with Indian startup Varaha to buy more than 100,000 tons of carbon dioxide removal credits over the next three years, through 2029, expanding its portfolio of…

Carbon removal

Environment tech companies in Gujarat, by revenue

Browse environment tech companies in Gujarat 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 76 environment tech companies in Gujarat that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

Manufacturer of recycled polyester staple fiber and food grade resins

Solid waste management tech
₹717.85 crFY 2024-25
Not reported
168+3% 12 mo to Sep 2024LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Provider of smart metering solution

Smart grid
₹667.39 crFY 2024-25
+637%2024–2025
54+100% 12 mo to Aug 2024LinkedIn · Jul 2026
6 yr2020
1postings · last posted Sep 2026

Provider of operation & maintenance services for wind farms

Renewable energy tech
₹290.18 crFY 2024-25
+11%2024–2025
192-4% 12 mo to Sep 2024LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Largest Solar Panel Manufacturers in India | Future Solar

Renewable energy tech
₹263.82 crFY 2024-25
Not reported
635LinkedIn · Jul 2026
4 yr2022
0none in 3 months

Provider of water and wastewater quality monitoring solutions

Water and wastewater management tech
₹180.14 crFY 2024-25
+16%2024–2025
21LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Provider of solutions for PERC-based solar modules

Renewable energy tech
₹177.59 crFY 2024-25
+15%2024–2025
376-18% vs previous recordLinkedIn · Jul 2026
8 yr2018
0none in 3 months

Power plant and asset monitoring platform

Renewable energy tech
₹176.49 crFY 2024-25
+75%2024–2025
262LinkedIn · Jul 2026
11 yr2015
0none in 3 months · last posted Apr 2026

Provider of carbon credits solution

Air pollution management tech
₹158.20 crFY 2024-25
+16803%2024–2025
18LinkedIn · Jul 2026
4 yr2022
0none in 3 months

Provider of battery energy storage systems and power electronics solutions

Energy storage tech
₹101.10 crFY 2024-25
+87%2024–2025
219LinkedIn · Jul 2026
6 yr2020
0none in 3 months · last posted Jun 2026

Manufacturer of solar panels and indoor LED lights

Solar energy
₹84.40 crFY 2024-25
-8%2024–2025
23+0% 12 mo to Mar 2024LinkedIn · Jul 2026
27 yr1999
0none in 3 months · last posted Jul 2026

Manufacturer of recycling equipment

Solid waste management tech
₹80.24 crFY 2024-25
+49%2024–2025
66+101% 12 mo to Sep 2024LinkedIn · Jul 2026
13 yr2013
0none in 3 months · last posted Jun 2026

Provider of an energy monitoring system

Facility management tech
₹58.74 crFY 2024-25
+19%2024–2025
60LinkedIn · Jul 2026
17 yr2009
0none in 3 months

Provider of software for solar designing

Renewable energy tech
₹58.47 crFY 2024-25
+38%2024–2025
105+114% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months · last posted Apr 2026

Manufacturer membrane for water treatment plants

Nanotechnology
₹53.97 crFY 2024-25
Not reported
90+6% 12 mo to Jun 2023LinkedIn · Jul 2026
23 yr2003
0none in 3 months · last posted Mar 2026

Provider of end-to-end solar solutions and financing options

Renewable energy tech
₹40.67 crFY 2024-25
+114%2024–2025
35LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Solar power plant design and engineering solution provider

Renewable energy tech
₹34.35 crFY 2021-22
Not reported
—Not available
9 yr2017
—No postings tracked

IoT solutions for enterprise

Internet of things infrastructure
₹38.34 crFY 2024-25
-24%2024–2025
2+0% 12 mo to Feb 2024recorded Feb 2024
15 yr2011
0none in 3 months

Manufacturer of voltage regulators and power related equipment

Energy efficiency tech
₹36.48 crFY 2024-25
+5%2024–2025
65+10% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Provider of water treatment solutions

Water and wastewater management tech
₹27.22 crFY 2022-23
Not reported
1LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Manufacturer of steam boilers

Energy efficiency tech
₹28.29 crFY 2024-25
+17%2024–2025
19+0% 12 mo to Sep 2024LinkedIn · Jul 2026
26 yr2000
0none in 3 months

Provider of environmental monitoring systems for air quality and weather conditions

Air pollution management tech
₹25.25 crFY 2024-25
Not reported
123+30% 12 mo to Sep 2024LinkedIn · Jul 2026
11 yr2015
1postings · last posted Sep 2026

Manufacturer of power quality management products and energy management solutions

Iot applications
₹24.42 crFY 2024-25
+4%2024–2025
43LinkedIn · Jul 2026
41 yr1985
0none in 3 months

Provider of smart metering devices

Smart grid
₹21.05 crFY 2024-25
+8%2024–2025
33-16% 12 mo to Sep 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Provider of electrical, instrumentation, and control engineering and EPC contracting services

Solar energy
₹20.26 crFY 2024-25
-30%2024–2025
1LinkedIn · Jul 2026
18 yr2008
0none in 3 months

AI‑driven robotic and vision‑based sorting systems for waste‑management, recycling, and food‑processing applications

Solid waste management tech
₹16.23 crFY 2024-25
+229%2024–2025
95+81% 12 mo to Sep 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months · last posted Jun 2026
50 of 170 companies shown here · the full list is on Radar
Fliar Radar

Explore all 170 environment tech companies in Gujarat on Radar

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

Open environment tech in Gujarat on Radar
  • Every company, not just 50All 170 environment tech companies in Gujarat, 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 tech companies in Gujarat by what you are looking for

Find environment tech companies in Gujarat, including climate tech companies in water treatment, recycling, solar and energy efficiency. You can also browse environmental tech startups in Gujarat, listed companies and firms that are hiring.

9 ways to explore environment tech in Gujarat

Water & wastewater treatment companiesWaste management & recycling companiesEnergy efficiency & smart grid companiesSolar & renewable energy companiesFacility, building & smart home management companiesAir quality & carbon management companies

Water & wastewater treatment companies

Companies providing water treatment, purification and wastewater monitoring.

  1. Next Engineering

    Provider of water and wastewater quality monitoring solutions

    Water and wastewater management tech
    See in list
  2. Permionics Membranes

    Manufacturer membrane for water treatment plants

    Nanotechnology
    See in list
  3. Greencarbon Envirotech

    Provider of water treatment solutions

    Water and wastewater management tech
    See in list
  4. Sauber Environmental Solutions

    Technology solution for water treatment

    Water and wastewater management tech
    See in list
  5. PowerH2O

    Provider of industrial and domestic water treatment solutions

    Water and wastewater management tech
    See in list

Waste management & recycling companies

Recyclers and waste management firms handling solid waste, plastics and organic waste.

  1. JB Ecotex

    Manufacturer of recycled polyester staple fiber and food grade resins

    Solid waste management tech
    See in list
  2. Fornnax

    Manufacturer of recycling equipment

    Solid waste management tech
    See in list
  3. Ishitva Robotic Systems

    AI‑driven robotic and vision‑based sorting systems for waste‑management, recycling, and food‑processing applications

    Solid waste management tech
    See in list
  4. Alpha Ecoplast

    Provider of recycled polyethylene terephthalate resin, flakes, and deodorized polyethylene

    Solid waste management tech
    See in list
  5. Endlos

    Manufacturer of reverse vending machines and organic waste composters

    Solid waste management tech
    See in list

Energy efficiency & smart grid companies

Energy monitoring, power quality, smart metering and grid solutions.

  1. Electrify Energy

    Provider of smart metering solution

    Smart grid
    See in list
  2. GRE Renew Enertech

    Manufacturer of solar panels and indoor LED lights

    Solar energy
    See in list
  3. ACS

    Provider of an energy monitoring system

    Facility management tech
    See in list
  4. TSi Power

    Manufacturer of voltage regulators and power related equipment

    Energy efficiency tech
    See in list
  5. Balkrishna Boilers

    Manufacturer of steam boilers

    Energy efficiency tech
    See in list

Solar & renewable energy companies

Solar panel makers, project developers and renewable energy service providers.

  1. Future Solar

    Largest Solar Panel Manufacturers in India | Future Solar

    Renewable energy tech
    See in list
  2. Pixon energy

    Provider of solutions for PERC-based solar modules

    Renewable energy tech
    See in list
  3. Newen Systems

    Provider of battery energy storage systems and power electronics solutions

    Energy storage tech
    See in list
  4. GRE Renew Enertech

    Manufacturer of solar panels and indoor LED lights

    Solar energy
    See in list
  5. AhaSolar

    Provider of software for solar designing

    Renewable energy tech
    See in list

Facility, building & smart home management companies

Building management, visitor management and IoT solutions for facilities.

  1. Trinity Energy

    Manufacturer of power quality management products and energy management solutions

    Iot applications
    See in list
  2. Midaas

    Provider of grid network monitoring solutions

    Smart grid
    See in list
  3. myCiti

    Provider of IoT-enabled facility management solutions

    Iot applications
    See in list
  4. MaintenanceMukhiya

    Maintenance management software for residential and commercial spaces

    Energy efficiency tech
    See in list
  5. Futuriztic

    Home automation and energy intelligence solution

    Property management tech
    See in list

Air quality & carbon management companies

Air pollution monitoring, carbon credits and emission management solutions.

  1. Climate Detox

    Provider of carbon credits solution

    Air pollution management tech
    See in list
  2. Oizom

    Provider of environmental monitoring systems for air quality and weather conditions

    Air pollution management tech
    See in list
  3. Creduce

    Provider of carbon credit trading and sustainability consulting services

    Air pollution management tech
    See in list
  4. Tapi Healthcare

    Carbonization technology for biochar production

    Renewable energy tech
    See in list
  5. Ecolibrium

    Provider of AI-powered platform for optimizing industrial equipment and portfolio performance

    Grc software
    Website

Listed environment tech companies in Gujarat

Publicly listed environment tech companies in Gujarat.

  1. Inox Green Energy

    Provider of operation & maintenance services for wind farms

    Renewable energy tech
    See in list
  2. GRE Renew Enertech

    Manufacturer of solar panels and indoor LED lights

    Solar energy
    See in list
  3. AhaSolar

    Provider of software for solar designing

    Renewable energy tech
    See in list
3 companies in Gujarat

Environment tech startups in Gujarat

Newer environment tech companies founded in recent years.

  1. Future Solar

    Largest Solar Panel Manufacturers in India | Future Solar

    Renewable energy tech
    See in list
  2. Climate Detox

    Provider of carbon credits solution

    Air pollution management tech
    See in list
  3. Solnce Energy

    Provider of end-to-end solar solutions and financing options

    Renewable energy tech
    See in list
  4. Alpha Ecoplast

    Provider of recycled polyethylene terephthalate resin, flakes, and deodorized polyethylene

    Solid waste management tech
    See in list
  5. BillionCarbon

    Provider of bio waste services

    Solid waste management tech
    Website
28 companies in Gujarat

Environment tech companies hiring in Gujarat

Environment tech companies currently hiring.

  1. Electrify Energy

    Provider of smart metering solution

    Smart grid
    See in list
  2. Adaptive Engineering

    Power plant and asset monitoring platform

    Renewable energy tech
    See in list
  3. Newen Systems

    Provider of battery energy storage systems and power electronics solutions

    Energy storage tech
    See in list
  4. GRE Renew Enertech

    Manufacturer of solar panels and indoor LED lights

    Solar energy
    See in list
  5. Fornnax

    Manufacturer of recycling equipment

    Solid waste management tech
    See in list
15 companies in Gujarat
Mobile reach

Top 10 environment tech apps from Gujarat

The most-installed Android apps published by environment tech companies headquartered in Gujarat — 157K installs between them. 22 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

Geourja Easy Survey GPRD

by GeoUrja

Installs78K
Rating—
Last updatedFeb 2026
View on Google Play ↗
Geourja Easy Survey GPRD screenshot 1Geourja Easy Survey GPRD screenshot 2Geourja Easy Survey GPRD screenshot 3Geourja Easy Survey GPRD screenshot 4
4

Zydus Bus Booking

by SMG

Installs15K
Rating—
Last updatedMar 2026
View on Google Play ↗
Zydus Bus Booking screenshot 1Zydus Bus Booking screenshot 2Zydus Bus Booking screenshot 3Zydus Bus Booking screenshot 4Zydus Bus Booking screenshot 5Zydus Bus Booking screenshot 6
6

OctaBees Lite

by OctaBees

Installs5K
Rating—
Last updatedApr 2026
View on Google Play ↗
OctaBees Lite screenshot 1OctaBees Lite screenshot 2OctaBees Lite screenshot 3OctaBees Lite screenshot 4OctaBees Lite screenshot 5OctaBees Lite screenshot 6
8

Visitorz.io-Visitor Management

by Visitorz

Installs4K
Rating—
Last updatedMay 2026
View on Google Play ↗
Visitorz.io-Visitor Management screenshot 1Visitorz.io-Visitor Management screenshot 2Visitorz.io-Visitor Management screenshot 3Visitorz.io-Visitor Management screenshot 4Visitorz.io-Visitor Management screenshot 5Visitorz.io-Visitor Management screenshot 6
9

myCiti

by myCiti

Installs3K
Rating—
Last updatedNov 2023
View on Google Play ↗
myCiti screenshot 1myCiti screenshot 2myCiti screenshot 3myCiti screenshot 4myCiti screenshot 5
10

NEPRA CORP

by Let's Recycle

Installs2K
Rating—
Last updatedSep 2025
View on Google Play ↗
NEPRA CORP screenshot 1NEPRA CORP screenshot 2NEPRA CORP screenshot 3NEPRA CORP screenshot 4NEPRA CORP screenshot 5NEPRA CORP screenshot 6
The business behind the activity

Environment tech financials in Gujarat

Revenue, profit and growth from the filed annual accounts of 72 environment tech companies in Gujarat for FY24-25 — 85 of the 170 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 71% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹3,610.48 cr

72 companies filing accounts

combined net profit₹76.51 cr

2.1% aggregate margin

are profitable69%

50 of 72 companies

median revenue~₹3.1 cr

the typical company

median revenue growth+14%

into FY24-25

earned by the top five71%

revenue concentration

Six-year view

Combined revenue of filing companies

₹1,732.68 crFY19-2049 filers
₹1,573.63 crFY20-2154 filers
₹1,293.95 crFY21-2264 filers
₹2,323.32 crFY22-2367 filers
₹2,792.31 crFY23-2470 filers
₹3,610.48 crFY24-2572 filers

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

Like-for-like

The same 60 companies over three years

+54%
FY22-23₹2,321.58 cr−₹21.01 cr net
FY23-24₹2,782.46 cr₹88.11 cr net
FY24-25₹3,579.37 cr₹79.44 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 cr2330% profitable
₹1–10 cr2492% profitable
₹10–100 cr1782% profitable
₹100–1,000 cr888% profitable
Over ₹1,000 cr0—

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

Momentum

How fast revenue moved into FY24-25

Shrinking26
0–20%15
20–50%10
50–100%7
Doubled+10

68 companies with accounts for both years; median growth +14%.

Profitability

Profit is concentrated at the top

50profitable
22loss-making
2.1%aggregate margin
2.4%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
Electrify EnergyELECTRIFY ENERGY PRIVATE LIMITED+637%₹667.39 cr
Newen SystemsNEWEN SYSTEMS PRIVATE LIMITED+87%₹101.10 cr
Adaptive EngineeringADAPTIVE ENGINEERING PRIVATE LIMITED+75%₹176.49 cr
Go Green MechanismsGO GREEN MECHANISMS PRIVATE LIMITED+54%
EndlosENDLOS INNOVATIONS PRIVATE LIMITED
FornnaxFornnax Technology Private Limited+49%₹80.24 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Inox Green EnergyInox Green Energy Services Limited13.7%₹280.26 cr
FornnaxFornnax Technology Private Limited11.8%₹80.24 cr
OizomOIZOM INSTRUMENTS PRIVATE LIMITED9.0%₹25.25 cr
GRE Renew EnertechGRE RENEW ENERTECH LIMITED8.8%₹80.05 cr
Pure OxidanePURE OXIDANE TECHNOLOGY PRIVATE LIMITED₹12.37 cr
Next EngineeringNEXTENG ENVIRO PRIVATE LIMITED7.0%₹180.14 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Water and wastewater management tech12₹1,178.11 cr~₹9.2 cr75%2.3%
Solid waste management tech12₹727.49 cr~₹69 lakh42%4.0%
Renewable energy tech11₹506.97 cr~₹1.5 cr64%8.9%
Energy efficiency tech6₹77.67 cr~₹5.8 cr83%5.5%
Air pollution management tech5₹45.17 cr~₹7.8 cr80%7.4%
Leaders

Largest environment tech companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Netafim Irrigation IndiaNETAFIM IRRIGATION INDIA PRIVATE LIMITED₹813.82 cr₹10.68 cr
Electrify EnergyELECTRIFY ENERGY PRIVATE LIMITED₹667.39 cr−₹10.00 cr-1.5%+637%
JB EcotexJ B ECOTEX LIMITED₹606.35 cr₹23.89 cr3.9%+15%
Inox Green EnergyInox Green Energy Services Limited₹280.26 cr₹38.50 cr13.7%+16%
Next EngineeringNEXTENG ENVIRO PRIVATE LIMITED₹180.14 cr₹12.69 cr7.0%+16%
Adaptive EngineeringADAPTIVE ENGINEERING PRIVATE LIMITED₹176.49 cr₹7.58 cr4.3%+75%
Synerzez Solutions Private LimitedSYNERZEZ SOLUTIONS PRIVATE LIMITED₹124.22 cr₹28.88 lakh0.2%+30%
Newen SystemsNEWEN SYSTEMS PRIVATE LIMITED₹101.10 cr₹6.93 cr6.9%+87%
FornnaxFornnax Technology Private Limited₹80.24 cr₹9.48 cr11.8%+49%
GRE Renew EnertechGRE RENEW ENERTECH LIMITED₹80.05 cr₹7.00 cr8.8%+5%
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 Tech Industry Landscape of India

The financials above are one chapter. The full environment tech landscape of Gujarat 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 tech landscape of Gujarat
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 tech funding and M&A across India

977 recorded equity rounds have gone to 2,459 environment tech companies in India — how much, at which stage, into which sub-sectors, from whom, and how Gujarat compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months37

US$585.98m

equity rounds, last 24 months146

US$979.26m

raised over five yearsUS$2.37bn

583 rounds in India

M&A deals, India34

last 24 months

Capital by year

Equity funding into environment tech in India

amount rounds
$17m201861
$56m201971
$49m202079
$70m202182
$584m2022122
$424m2023121
$332m2024126
$434m2025105
$524m202627

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2022, with US$584.38m across 122 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$17.01m71 rounds · median US$101k
SeedUS$320.07m374 rounds · median US$411k
Series AUS$399.35m94 rounds · median US$3.89m
Series BUS$362.54m27 rounds · median US$11.25m
Series CUS$275.31m13 rounds · median US$11.54m
Series D+US$343.82m1 rounds · median US$343.82m
Private equityUS$650.00m3 rounds · median US$325.00m
Where the money went · five years

Most-funded sub-sectors

Renewable energy techUS$1.22bn93 rounds · 44 companies
Solid waste management techUS$243.03m103 rounds · 47 companies
Air pollution management techUS$157.59m74 rounds · 38 companies
Alternative lendingUS$126.44m7 rounds · 3 companies
Energy storage techUS$119.67m19 rounds · 6 companies
Energy efficiency techUS$97.54m36 rounds · 19 companies
Water and wastewater management techUS$85.85m79 rounds · 33 companies
Corporate activity · last 24 months

M&A in India

33Acquisition
1Merger

Most active acquirers

  1. Inox Clean Energy6
  2. Inox green energy services3
  3. Adani energy solutions2
  4. Na2
  5. Multiple potential suitors (Brookfield, Macquarie, KKR, Actis)1

Most acquired or merged

  1. Sterling and wilson renewable energy5
  2. IntelliSmart Infrastructure4
  3. Vibrant energy2
  4. Wind World India2
  5. Boviet solar1

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

Go deeper in the environment tech landscape reports:

Environment Tech Industry Landscape of India

Environment tech funding in Gujarat

18 environment tech companies in Gujarat have recorded equity funding, US$40.19m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Gujarat

Meet the people behind environment tech companies in Gujarat. 90 of 170 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Gujarat environment tech companies by sub-sector

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

Keep exploring environment tech in India and nearby markets.

Coming soon