Best Government Entities Companies in India
The 314 best Government Entities companies in India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: IRFC.
Among the best Government Entities companies in India, 314 are tracked here, ranked by disclosed equity funding and recent funding momentum, with $1.1B in total disclosed capital across the directory.
The figure that stops you: $123.4B in combined revenue from 159 validated filers. Median revenue sits at $9M, growing 9% YoY, but the outsized earners make that number almost quaint. Hindustan Petroleum Corporation Limited filed $54.4B in revenue. Ntpc Limited reported $21.9B, with net income of $2.8B, which is 3,455 times the sector median. And Mahanadi Coalfields Limited posted $1.3B in net income, 1,561 times that same median. So what's actually moving this sector? App installs across government administration platforms grew 20% YoY across 262 tracked apps, a momentum signal I find more telling than most funding headlines. Security exposure is a real operational risk, as recent threat activity against government entities confirms, and tax policy execution is emerging as a live governance theme. The market is forecast to reach $16.0B by 2030 at a 5.0% CAGR. The revenue pool here is already multiples of that. You're looking at earned scale, not projected ambition.
- officeinsight.com
Ranked: Best Government Entities companies in India
| # | Company | Disclosed funding | Revenue | Last round | Employees | Founded | App-install YoY | Market signals (1y) | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | HPCL Provider of petroleum and natural gas services | $500M | $55.5B FY2025 | 107 mo ago | 7,175 7,175 → 14,763 (+106%) | 1974 | — | 55 signals ▼43% Earnings · Announcements · Contracts | — |
| 2 | NTPC Government entity engaged in the generation of electricity and allied activities | — | $22.6B FY2025 | 86 mo ago | 13,367 13,367 → 25,955 (+94%) | 1975 | — | 91 signals ▼26% Announcements · Contracts · Earnings | — |
| 3 | Bharat Aluminium Company (BALCO) Bharat Aluminium Company introduces aluminium as a potential alternative to other metals in construction and… | — | $1.6B FY2024 | — | 1,001 | 1965 | — | — | — |
| 4 | APGENCO Government owned corporation involved in power generation and distribution | — | $772M FY2025 | — | 7,500 | 1959 | — | — | — |
| 5 | BrahMos Manufacturer of supersonic cruise missile systems for land, sea, and air | — | $671M FY2025 | — | 504 | 1998 | — | — | — |
| 6 | HUDCO Provider of government programs access & development services | — | $647M FY2018 | 91 mo ago | 673 | 1970 | — | 13 signals ▼19% Contracts · Announcements · Regulatory | — |
| 7 | NPCI Non-profit organization that facilitates digital payments | $60M | $480M FY2025 | 66 mo ago | 1,700 1,700 → 2,581 (+52%) | 2005 | — | — | — |
| 8 | BHIM Provider of a mobile UPI-based payment application | — | $480M FY2025 | — | 1,738 | 2005 | +27% | — | — |
| 9 | BRBCL Government entities focused on operating a thermal power station project | — | $434M FY2025 | — | 27 | 2007 | — | — | — |
| 10 | SJVN Provider of government programs access & development services | — | $399M FY2025 | 30 mo ago | 1,750 | 1988 | — | 20 signals ▼68% Earnings · Contracts · Announcements | — |
| 11 | CSC Governance body focused on development of nation | $5M | $220M FY2025 | 67 mo ago | 2,137 | 2009 | — | 3 signals ▼90% M&A · Lawsuit | — |
| 12 | Rosmerta Technologies Provider of driving license, vehicle registration certificate, and loyalty program services | $23M | $109M FY2025 | 222 mo ago | 46 | 2006 | — | — | 1 expansion |
| 13 | ALIMCO Artificial limbs manufacturing corporation of India | — | $86M FY2025 | — | 317 | 1972 | — | — | — |
| 14 | BIRAC A government agency that focuses on biotech enterprise management | — | $24M FY2025 | — | 74 | 2012 | — | — | — |
| 15 | Binny Government body focused on trading sector | — | $11M FY2022 | — | 375 | 1799 | — | — | — |
| 16 | Vadodara Municipal Corporation Government entity focused on health, and water supply services | — | $6M FY2025 | 50 mo ago | 16 | 1950 | +18% | — | — |
| 17 | DST Provider of government programs access & development services | — | $5M FY2025 | 153 mo ago | 3 | 1971 | — | — | — |
| 18 | Biotech Company that plays a major role in the socio-economic growth of the state by implementing various schemes for… | — | $724K FY2025 | — | 50 50 → 56 (+12%) | 1990 | — | — | — |
Top 12 Government Entities companies in India
#1
Public · Delhi, Delhi · founded 1986 · 42 employees$500Mraised▾
Provider of leasing and financing services for procuring rolling stocks. It also offers raising funds through both taxable and tax-free bond issuances, term loans from banks and financial institutions. Its funding plans are primarily aimed at reducing the cost of borrowing, which in turn will benefit Indian Railways, as it operates on a cost plus margin basis.
- Nov 2025Post IPO—
- Dec 2017Conventional Debt$500M
#2
Acquired · Mumbai, Maharashtra · founded 1974 · 7175 employees$500Mraised▾
Provider of petroleum and natural gas services. Its other products include oil, lubricant, liquefied petroleum gas, aviation turbine fuel, jute batch oil and hexane. It provides research and development services to business. In 2018, the company recorded revenue of $33 billion and in 2015, recorded net income of $0.22 billion.
#3
Late Stage · Mumbai, Maharashtra · founded 2005 · 1700 employees$59.8Mraised▾
Non-profit organization that facilitates digital payments. The company enables payment systems across various channels, including ATMs, point-of-sale terminals, and online platforms. Through its UPI and other initiatives, it aims to increase digital transactions. Its mission is to enable secure and accessible digital payment solutions.
- Nov 2020PE$11.1M
- Jan 2016PE$17.5M
#4
Series A · Gurugram, Haryana · founded 2006 · 46 employees$22.5Mraised▾
Provider of driving license, vehicle registration certificate, and loyalty program services. Also offer enterprise-level solutions for Smart cards, Biometrics, RFID, and imaging domains. Includes ID and access control, Smart campus cards, Health Care, Land & Property Registration, Transit and fare / Toll collection, and many others.
- Nov 2007Series A$22.5M
#5
Series A · Delhi, Delhi · founded 2009 · 2137 employees$4.9Mraised▾
Governance body focused on development of nation
- Nov 2020Series A$4.9M
#6
Acquired · Gurugram, Haryana · founded 1969—raised▾
Provider of infrastructural financing firm
#7
Acquired · Shimla, Himachal Pradesh · founded 1988 · 1750 employees—raised▾
Provider of government programs access & development services
- Dec 2023Post IPO—
#8
Funding Raised · Vadodara, Gujarat · founded 1950 · 16 employees—raised▾
Government entity focused on health, and water supply services
#9
Public · Delhi, Delhi · founded 1975 · 13367 employees—raised▾
Government entity engaged in the generation of electricity and allied activities. India's largest power conglomerate and corporation have diversified into the fields of consultancy, power trading, training of power professionals, rural electrification, ash utilization, and coal mining as well. In 2022, the company recorded annual revenues of $21.5B and a net profit of $2.19B.
#10
Public · Delhi, Delhi · founded 1970 · 673 employees—raised▾
Provider of government programs access & development services
#11
Funding Raised · Delhi, Delhi · founded 1958 · 375 employees—raised▾
Provider of government programs access & development services
#12
Funding Raised · Delhi, Delhi · founded 1965—raised▾
FIEO is the apex body of Government-recognized Export Promotion Councils and Commodity Boards in India. It serves as an interface between international traders, financial institutions, and the government, promoting India's exports and trade interests globally. The organization provides a platform for exporters to connect with international buyers, access market information, and participate in trade fairs and exhibitions. Its primary objective is to enhance India's exports and contribute to the country's economic growth.
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Government Entities coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.