Company lists
The Mumbai edition · 2026

Environment techcompanies in Mumbai

Energy efficiency, air pollution, water & wastewater, waste & recycling, solar & renewables and more: the companies building environment tech in Mumbai, Maharashtra, with their founders, funding, team size and business models.

195 company profiles100 with reported revenue39 with recorded fundingSeptember 2026 edition
Mumbai · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

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: 66 Contracts · 56 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 – O&M arm

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

Operations & Maintenance
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
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 Mumbai, by revenue

Browse environment tech 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 100 environment tech 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

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

Manufacturer of high-efficiency solar cells and modules for utility, commercial, and residential applications

Smart grid
₹933.09 crFY 2024-25
+2986%2024–2025
981LinkedIn · Jul 2026
15 yr2011
1postings · last posted Jul 2026

Provider of wastewater and solid waste treatment solutions

Solid waste management tech
₹726.96 crFY 2024-25
+7%2024–2025
178+12% 12 mo to Sep 2024recorded Sep 2024
22 yr2004
0none in 3 months

Provider of industrial wastewater treatment services

Water and wastewater management tech
₹599.16 crFY 2024-25
+17%2024–2025
56+11% 12 mo to Jun 2023LinkedIn · Jul 2026
34 yr1992
0none in 3 months

Provider of sustainable transportation solutions using lng powered trucks and natural gas pipelines

Air pollution management tech
₹326.22 crFY 2024-25
+75%2024–2025
371LinkedIn · Jul 2026
5 yr2021
1postings · last posted Jul 2026

Solar financing, equipment procurement, and performance monitoring solutions

Renewable energy tech
₹279.47 crFY 2024-25
+58%2024–2025
182+34% 12 mo to Aug 2024LinkedIn · Jul 2026
8 yr2018
4postings · last posted Sep 2026

Provider of e-waste, battery, vehicle, and office equipment recycling services

Solid waste management tech
₹220.63 crFY 2024-25
+75%2024–2025
23-48% 12 mo to Feb 2024recorded Feb 2024
16 yr2010
0none in 3 months

Provider of post-consumer plastic waste collection, recycling, and product manufacturing

Solid waste management tech
₹203.99 crFY 2024-25
Not reported
73+1% 12 mo to Aug 2024LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Provider of recycled plastic flakes and granules from post-consumer waste. It sources waste from various points in the supply chain, including waste pickers and municipalities. The company processes this waste to produce high-quality recycled PET and polyolefin products for use in various industries, including fashion, consumer packaging, and material handling. It also assists companies in meeting their extended producer responsibility (EPR) obligations. The process aims to maximize the value of collected plastic waste and promote a circular economy.

Solid waste management tech
₹172.23 crFY 2024-25
+13%2024–2025
160LinkedIn · Jul 2026
20 yr2006
0none in 3 months · last posted Jun 2026

Provider of energy and power management solutions for data centers

Facility management tech
₹162.42 crFY 2024-25
+9%2024–2025
41LinkedIn · Jul 2026
30 yr1996
0none in 3 months

Water and wastewater treatment solutions

Water and wastewater management tech
₹152.84 crFY 2024-25
+5%2024–2025
6+53% 12 mo to Sep 2024LinkedIn · Jul 2026
25 yr2001
0none in 3 months

Solid waste management solution for the complex processes like dumpsite reclamation

Solid waste management tech
₹135.25 crFY 2024-25
+38%2024–2025
—Not available
8 yr2018
0none in 3 months

Producer and supplier of fossil and biofuels

Renewable energy tech
₹118.72 crFY 2024-25
+42%2024–2025
34-44% 12 mo to Sep 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Provider of technology-based energy-saving lighting products

Energy efficiency tech
₹107.13 crFY 2022-23
Not reported
187+11% 12 mo to Sep 2024recorded Sep 2024
57 yr1969
—No postings tracked

Financial solutions for the electric vehicle, solar, and SME sectors

Alternative lending
₹106.91 crFY 2024-25
+206%2024–2025
422+75% 12 mo to Sep 2024LinkedIn · Jul 2026
4 yr2022
0none in 3 months

Provider of software for solar project management and supply procurement

Renewable energy tech
₹69.77 crFY 2024-25
+70%2024–2025
28LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Provider of water treatment solutions

Water and wastewater management tech
₹52.83 crFY 2024-25
+17%2024–2025
61LinkedIn · Jul 2026
21 yr2005
0none in 3 months

Software platform for monitoring and operation of IPPs in the wind energy sector

Renewable energy tech
₹51.75 crFY 2024-25
-18%2024–2025
432-14% 12 mo to Jul 2024LinkedIn · Jul 2026
18 yr2008
1postings · last posted Jul 2026

Provider of waste management solutions

Solid waste management tech
₹48.73 crFY 2024-25
+75%2024–2025
79+29% 12 mo to Sep 2024LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Platform providing wastewater treatment services

Water and wastewater management tech
₹48.43 crFY 2024-25
-23%2024–2025
53LinkedIn · Jul 2026
20 yr2006
0none in 3 months · last posted Jun 2026

Provider of biodiesel products

Renewable energy tech
₹45.83 crFY 2024-25
-18%2024–2025
78-96% 12 mo to Mar 2019LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Provider of environmental and energy conservation solutions

Energy efficiency tech
₹40.27 crFY 2024-25
-20%2024–2025
13LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Online platform offering bioenergy solutions

Crop tech
₹40.05 crFY 2024-25
+279%2024–2025
197-73% 12 mo to Feb 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months · last posted Jun 2026

Provider of waste management and recycling solutions for businesses and individuals

Solid waste management tech
₹35.06 crFY 2024-25
Not reported
60+8% 12 mo to Sep 2024LinkedIn · Jul 2026
11 yr2015
1postings · last posted Jul 2026

Provider of biological solutions for agriculture, aquaculture, and sanitation industry

Crop tech
₹28.83 crFY 2024-25
+57%2024–2025
140+3% 12 mo to Sep 2024LinkedIn · Jul 2026
26 yr2000
1postings · last posted Aug 2026
50 of 195 companies shown here · the full list is on Radar
Fliar Radar

Explore all 195 environment tech 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 tech in Mumbai on Radar
  • Every company, not just 50All 195 environment tech 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.
  • Save and exportBuild lists, compare companies side by side and export them from your Radar account.

Explore environment tech companies in Mumbai by what you are looking for

Browse the top environment tech companies in Mumbai, from energy efficiency and air quality to water and waste technology. You can also see climate tech startups in Mumbai and companies that are hiring.

9 ways to explore environment tech in Mumbai

Energy efficiency & smart lighting companiesAir pollution, emissions & carbon management companiesWater & wastewater treatment technology companiesWaste management & recycling companiesRenewable energy, solar & energy storage companiesIoT, smart meter & smart home companies

Energy efficiency & smart lighting companies

Energy-saving lighting, energy management and building automation solutions.

  1. OnLine Netsys

    Provider of energy and power management solutions for data centers

    Facility management tech
    See in list
  2. eSmart Energy solutions

    Provider of technology-based energy-saving lighting products

    Energy efficiency tech
    See in list
  3. Signet EnerTech

    Provider of environmental and energy conservation solutions

    Energy efficiency tech
    See in list
  4. Corvi

    Provider of high-efficiency LED lighting solutions with a focus on innovative design and manufacturing processes

    Energy efficiency tech
    See in list
  5. Argos Arkaya Power Solutions

    Lighting & renewable energy solutions

    Energy efficiency tech
    See in list

Air pollution, emissions & carbon management companies

Air purification, emission control, carbon capture and carbon footprint solutions.

  1. Praan

    Provider of air purification systems for homes, commercial, and industrial spaces

    Energy efficiency tech
    See in list
  2. Exposome

    Provider of materials chemistry solutions for industrial air and water treatment

    Chemicals tech
    Website
  3. Experiqs Tech

    Provider of interdisciplinary R&D platform services

    Air pollution management tech
    Website
  4. UrjanovaC

    Technology solution for Carbon capture

    Air pollution management tech
    Website
  5. Greenmentor

    Provider of sustainability services including carbon accounting, ESG reporting, and training

    Air pollution management tech
    Website

Water & wastewater treatment technology companies

Water treatment, purification and water quality monitoring solutions.

  1. SFC

    Provider of wastewater and solid waste treatment solutions

    Solid waste management tech
    See in list
  2. Concord Enviro

    Provider of industrial wastewater treatment services

    Water and wastewater management tech
    See in list
  3. Hydropure

    Water and wastewater treatment solutions

    Water and wastewater management tech
    See in list
  4. Sparkle Clean Tech

    Provider of water treatment solutions

    Water and wastewater management tech
    See in list
  5. SBSEnviro Aqua Concepts

    Platform providing wastewater treatment services

    Water and wastewater management tech
    See in list

Waste management & recycling companies

Tech-enabled waste collection, plastic recycling and solid waste solutions.

  1. SFC

    Provider of wastewater and solid waste treatment solutions

    Solid waste management tech
    See in list
  2. Recyclekaro

    Provider of e-waste, battery, vehicle, and office equipment recycling services

    Solid waste management tech
    See in list
  3. Lucro

    Provider of post-consumer plastic waste collection, recycling, and product manufacturing

    Solid waste management tech
    See in list
  4. Dalmia Polypro Industries

    Provider of recycled plastic flakes and granules from post-consumer waste. It sources waste from various points in the supply chain, including waste pickers and municipalities. The company processes this waste to produce high-quality recycled PET and polyolefin products for use in various industries, including fashion, consumer packaging, and material handling. It also assists companies in meeting their extended producer responsibility (EPR) obligations. The process aims to maximize the value of collected plastic waste and promote a circular economy.

    Solid waste management tech
    See in list
  5. Bio Mining

    Solid waste management solution for the complex processes like dumpsite reclamation

    Solid waste management tech
    See in list

Renewable energy, solar & energy storage companies

Solar, wind, biofuel, hydrogen and energy storage technology providers.

  1. Sterling and Wilson

    Developer of energy storage systems

    Solar energy
    See in list
  2. Avaada Electro

    Manufacturer of high-efficiency solar cells and modules for utility, commercial, and residential applications

    Smart grid
    See in list
  3. Aerem

    Solar financing, equipment procurement, and performance monitoring solutions

    Renewable energy tech
    See in list
  4. Biofuels Junction

    Producer and supplier of fossil and biofuels

    Renewable energy tech
    See in list
  5. Ecofy

    Financial solutions for the electric vehicle, solar, and SME sectors

    Alternative lending
    See in list

IoT, smart meter & smart home companies

IoT monitoring, smart meters and smart home energy solutions.

  1. Uniser

    Manufacturer of solar powered LED lighting and home automation systems

    Property management tech
    See in list
  2. Gemstar Infra India

    Provider of smart electric meters and deployment services

    Smart grid
    See in list
  3. UtopiaTech

    Provider of IoT and cloud-enabled energy management software solutions

    Smart cities
    See in list
  4. Parimal Clean Energy

    Provider of renewable energy solutions and electrical metering systems. This includes solar, wind, and hybrid energy solutions, as well as advanced metering infrastructure such as multi-function panel meters, direct connected meters, and smart prepayment meters. Services encompass meter testing, installation, and audits of distribution transformers. The company also offers annual operation and maintenance services for renewable energy systems. They provide complete energy solutions from consultation to installation.

    Energy efficiency
    See in list
  5. DropByDrop

    Provider if an IoT based smart water management platform

    Water and wastewater management tech
    See in list

Listed environment tech companies in Mumbai

Publicly listed environment tech companies in Mumbai.

  1. Sterling and Wilson

    Developer of energy storage systems

    Solar energy
    See in list
  2. Concord Enviro

    Provider of industrial wastewater treatment services

    Water and wastewater management tech
    See in list
  3. Organic Recycling Systems

    Provider of waste management solutions

    Solid waste management tech
    See in list
3 companies in Mumbai

Environment tech startups in Mumbai

Recently founded environment and climate tech companies in Mumbai.

  1. GreenLine

    Provider of sustainable transportation solutions using lng powered trucks and natural gas pipelines

    Air pollution management tech
    See in list
  2. Ecofy

    Financial solutions for the electric vehicle, solar, and SME sectors

    Alternative lending
    See in list
  3. Solar Ladder

    Provider of software for solar project management and supply procurement

    Renewable energy tech
    See in list
  4. Lico

    It is a lithium-ion battery recycling company focused on recycling end-of-life lithium-ion batteries

    Solid waste management tech
    See in list
  5. Gemstar Infra India

    Provider of smart electric meters and deployment services

    Smart grid
    See in list
58 companies in Mumbai

Environment tech companies hiring in Mumbai

Environment tech companies in Mumbai with open roles right now.

  1. Avaada Electro

    Manufacturer of high-efficiency solar cells and modules for utility, commercial, and residential applications

    Smart grid
    See in list
  2. GreenLine

    Provider of sustainable transportation solutions using lng powered trucks and natural gas pipelines

    Air pollution management tech
    See in list
  3. Aerem

    Solar financing, equipment procurement, and performance monitoring solutions

    Renewable energy tech
    See in list
  4. Dalmia Polypro Industries

    Provider of recycled plastic flakes and granules from post-consumer waste. It sources waste from various points in the supply chain, including waste pickers and municipalities. The company processes this waste to produce high-quality recycled PET and polyolefin products for use in various industries, including fashion, consumer packaging, and material handling. It also assists companies in meeting their extended producer responsibility (EPR) obligations. The process aims to maximize the value of collected plastic waste and promote a circular economy.

    Solid waste management tech
    See in list
  5. POWERCON

    Software platform for monitoring and operation of IPPs in the wind energy sector

    Renewable energy tech
    See in list
25 companies in Mumbai
Mobile reach

Top 10 environment tech apps from Mumbai

The most-installed Android apps published by environment tech companies headquartered in Mumbai — 271K installs between them. 23 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

AppSociety: Society Management

by AppSociety

Installs122K
Rating—
Installs, year on year+24%
Last updatedJan 2026
View on Google Play ↗
AppSociety: Society Management screenshot 1AppSociety: Society Management screenshot 2AppSociety: Society Management screenshot 3AppSociety: Society Management screenshot 4AppSociety: Society Management screenshot 5AppSociety: Society Management screenshot 6
2

Earth5R- The Environmental App

by Earth5R

Installs61K
Rating4.612K ratings
Last updatedOct 2025
View on Google Play ↗
Earth5R- The Environmental App screenshot 1Earth5R- The Environmental App screenshot 2Earth5R- The Environmental App screenshot 3Earth5R- The Environmental App screenshot 4Earth5R- The Environmental App screenshot 5Earth5R- The Environmental App screenshot 6
3

Myplan8 | Climate Action

by Myplan8

Installs34K
Rating—
Last updatedNov 2025
View on Google Play ↗
Myplan8 | Climate Action screenshot 1Myplan8 | Climate Action screenshot 2Myplan8 | Climate Action screenshot 3Myplan8 | Climate Action screenshot 4Myplan8 | Climate Action screenshot 5Myplan8 | Climate Action screenshot 6
5

Ohm Assistant

by Ohm

Installs13K
Rating—
Last updatedApr 2025
View on Google Play ↗
Ohm Assistant screenshot 1Ohm Assistant screenshot 2Ohm Assistant screenshot 3Ohm Assistant screenshot 4Ohm Assistant screenshot 5Ohm Assistant screenshot 6
7

Greenline Commander

by GreenLine

Installs5K
Rating—
Last updatedMay 2026
View on Google Play ↗
Greenline Commander screenshot 1Greenline Commander screenshot 2Greenline Commander screenshot 3Greenline Commander screenshot 4
9

Aerem Partner

by Aerem

Installs5K
Rating—
Last updatedJun 2026
View on Google Play ↗
Aerem Partner screenshot 1Aerem Partner screenshot 2Aerem Partner screenshot 3Aerem Partner screenshot 4Aerem Partner screenshot 5Aerem Partner screenshot 6
The business behind the activity

Environment tech financials in Mumbai

Revenue, profit and growth from the filed annual accounts of 92 environment tech companies in Mumbai, Maharashtra for FY24-25 — 110 of the 195 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 81% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹9,081.65 cr

92 companies filing accounts

combined net profit₹684.95 cr

7.5% aggregate margin

are profitable57%

52 of 92 companies

median revenue~₹3.6 cr

the typical company

median revenue growth+25%

into FY24-25

earned by the top five81%

revenue concentration

Six-year view

Combined revenue of filing companies

₹5,732.97 crFY19-2059 filers
₹4,213.77 crFY20-2164 filers
₹5,016.80 crFY21-2265 filers
₹3,464.64 crFY22-2378 filers
₹5,246.71 crFY23-2484 filers
₹9,081.65 crFY24-2592 filers

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

Like-for-like

The same 71 companies over three years

+136%
FY22-23₹3,438.96 cr−₹156.83 cr net
FY23-24₹5,201.26 cr₹328.39 cr net
FY24-25₹8,104.88 cr₹517.77 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 cr3020% profitable
₹1–10 cr2770% profitable
₹10–100 cr2374% profitable
₹100–1,000 cr1182% profitable
Over ₹1,000 cr1100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking23
0–20%15
20–50%12
50–100%12
Doubled+19

81 companies with accounts for both years; median growth +25%.

Profitability

Profit is concentrated at the top

52profitable
40loss-making
7.5%aggregate margin
1.9%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
CorviCorvi Led Limited
RecyclekaroEVERGREEN RECYCLEKARO (INDIA) LIMITED+90%₹185.49 cr
Sterling and WilsonSTERLING AND WILSON RENEWABLE ENERGY LIMITED+88%₹5,592.38 cr
Solar LadderABHIMANHAN ENERGY PRIVATE LIMITED+70%₹69.77 cr
Organica BiotechORGANICA BIOTECH PRIVATE LIMITED+57%₹28.83 cr
TruBoard Clean TechTRUBOARD CLEANTECH PRIVATE LIMITED
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
SFCSFC ENVIRONMENTAL TECHNOLOGIES LIMITED25.6%₹505.34 cr
CloudtapACE HYGIENE PRODUCTS PRIVATE LIMITED25.4%₹112.42 cr
Avaada ElectroAvaada Electro Limited18.6%₹933.09 cr
Gemstar Infra IndiaGEMSTAR INFRA INDIA PRIVATE LIMITED
ViaGreenAN USEDLESS PAPER PRIVATE LIMITED
POWERCONPOWERCON VENTURES INDIA PRIVATE LIMITED'14.0%₹51.75 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Solid waste management tech15₹1,083.58 cr~₹10.1 cr67%14.9%
Water and wastewater management tech15₹469.27 cr~₹7.1 cr67%6.5%
Renewable energy tech9₹309.94 cr~₹28.3 cr33%2.8%
Energy efficiency tech13₹261.07 cr~₹8.3 cr54%4.7%
Facility management tech5₹182.20 cr~₹1.3 cr40%4.7%
Air pollution management tech12₹111.76 cr~₹27 lakh42%-25.0%
Property management tech5₹37.92 cr~₹1.1 cr40%-8.4%
Leaders

Largest environment tech companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Sterling and WilsonSTERLING AND WILSON RENEWABLE ENERGY LIMITED₹5,592.38 cr₹318.26 cr5.7%+88%
Avaada ElectroAvaada Electro Limited₹933.09 cr₹173.30 cr18.6%>10×
SFCSFC ENVIRONMENTAL TECHNOLOGIES LIMITED₹505.34 cr₹129.57 cr25.6%-7%
RecyclekaroEVERGREEN RECYCLEKARO (INDIA) LIMITED₹185.49 cr₹18.92 cr10.2%+90%
Dalmia Polypro IndustriesDALMIA POLYPRO INDUSTRIES PRIVATE LIMITED₹167.71 cr₹3.47 cr2.1%+10%
OnLine NetsysONLINE NETSYS (INDIA) PRIVATE LIMITED₹162.42 cr₹11.91 cr7.3%+9%
HydropureHYDROPURE SYSTEMS PRIVATE LIMITED₹152.84 cr₹5.64 cr3.7%+5%
eSmart Energy solutionsESMART ENERGY SOLUTIONS LIMITED₹139.80 cr₹17.51 cr12.5%+24%
LucroLUCRO PLASTECYCLE PRIVATE LIMITED₹118.34 cr₹4.21 cr3.6%+33%
Biofuels JunctionBIOFUELS JUNCTION PRIVATE LIMITED₹113.06 cr−₹6.24 cr-5.5%+44%
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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 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 tech 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 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 Mumbai compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months47

US$616.12m

equity rounds, last 24 months161

US$1.00bn

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.

Environment tech funding in Mumbai

39 environment tech companies in Mumbai have recorded equity funding, US$280.76m 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 tech companies in Mumbai. 143 of 195 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 tech companies by sub-sector

The most common specialisations among environment tech companies in Mumbai. 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