Company lists
The Maharashtra edition · 2026

High techcompanies in Maharashtra

AI & chatbots, security & surveillance, IoT & smart homes, drones & robotics, AR/VR & wearables and more: the companies building high tech in Maharashtra, with their founders, funding, team size and business models.

1,344 company profiles465 with reported revenue174 with recorded fundingSeptember 2026 edition
Maharashtra · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent high tech business events in Maharashtra

Funding, M&A, contract wins and launches involving 1,727 high tech companies in Maharashtra, last 24 months: 31 funding rounds · 27 Contracts · 24 launches · 11 M&A deals. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Apr 2026.

FundingSeed

Ubiqedge

IoT startup Ubiqedge on Thursday raised ₹10 crore in a seed funding round led by Piper Serica, with participation from Atomberg co-founder and CEO Shibam Das and OTO co-founder and CEO…

Investors Piper Serica, Shibam Das, Sumit Chhazed
IoT
LaunchDSW UnifyAI OS

Data science wizards

Data Science Wizards has announced the continued advancement of its enterprise AI operating system, DSW UnifyAI OS, designed to help organizations, particularly in banking, financial…

Enterprise AI Operating System
FundingGrant

Qure.ai

In AI-led services, Qure.AI secured a grant from the Gates Foundation for its medical imaging solutions.

Investors Gates Foundation
FundingSeries B

Neysa

Neysa — accounted for roughly $600 million of this year’s funding, backed by investors including Blackstone, Ontario Teachers’ Pension Plan and Nexus Venture Partners.

Investors Blackstone, Ontario Teachers’ Pension Plan, Nexus venture partners
Artificial Intelligence
ContractService

Ceinsys tech · client: Indian Space Research Organisation

Ceinsys Tech has announced the receipt of a significant service order from the Indian Space Research Organisation (ISRO) valued at Rs 3,24,50,000, inclusive of GST.

Technology
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
LaunchAdvanced Ground Penetrating Radar (GPR) solution

Genesys international corporation

Genesys International Corporation has launched advanced Ground Penetrating Radar (GPR) solution from IDS GeoRadar, powered by patented Equalised Scrambling Technology (EST) and Wide /…

Funding

Neysa

US alternative asset manager Blackstone announced it is leading a $1.2 billion investment in cloud infrastructure startup Neysa.

Investors Blackstone, TVS Capital, 360 One Asset Management, Nexus venture partners
Cloud infrastructure
M&AAcquisition · Completed

Blackstone acquires Neysa

Mumbai: Global private equity firm Blackstone, along with other investors, has acquired a majority stake in India’s artificial intelligence (AI) cloud platform Neysa as the company seeks…

Artificial Intelligence
LaunchAntOn by Jungheinrich

Jungheinrich

Jungheinrich has announced the Asia Pacific launch of AntOn by Jungheinrich, a new value focused material handling brand aimed at businesses seeking straightforward and cost effective…

Material handling equipment
FundingRaise

Unbox robotics

Unbox Robotics $28 million round brings automation back into focus as labour constraints, e-commerce complexity, and cost pressures converge. With backing from a diverse investor base…

Robotics
M&AAcquisition · Announced

Blackstone acquires Neysa

The deal involves Blackstone investing $50-75 million in an initial tranche for a significant minority holding, with contractual rights to increase its stake to a majority if Neysa meets…

AI cloud infrastructure
FundingPre-Series A

Zerocircle

Materials science company Zerocircle has raised Rs 5 crore in pre-Series A funding round co-led by 3one4 Capital and Rainmatter Capital along with participation from other investors.

Materials Science
LaunchAntOn by Jungheinrich

Jungheinrich

Jungheinrich announced the Asia‑Pacific launch of “AntOn by Jungheinrich”, a new value‑focused material handling brand designed for businesses seeking reliable, straightforward, and…

Material handling equipment
LaunchTerrablack

Epsilon carbon

Epsilon Carbon, has announced the launch of Terrablack, a product line that aims to shape the carbon black sector with sustainability at its core

Carbon Black
FundingSeries D

Arya

With farmers facing greater climate‑related threats to their livelihoods, the company is expanding its services with funding from climate‑focused GEF Capital Partners, a spinout from the…

Agtech
ContractService

Genesys international corporation · client: Bureau veritas

Genesys International Corporation has secured a ₹17.38 crore contract from Bureau Veritas to conduct India’s first 3D subsurface mapping project across six Adani Group airports.

Infrastructure
Funding

Atomberg

Consumer appliances maker Atomberg has secured fresh funding

Investors Na
Consumer appliances maker
M&AAcquisition · Rumored

Lightspeed acquires Neysa

Blackstone is negotiating to buy out Neysa, while Lightspeed, similar to SoftBank, is exploring a $40–50 million minority investment in the Z47 and Nexus Venture Partners-backed company.

M&AAcquisition · Rumored

Softbank acquires Neysa

Blackstone wants to buy a majority stake in Neysa, while SoftBank and Lightspeed are discussing a minority investment that is expected to value the company at around $250-300 million.

ContractService

Ceinsys tech · client: Maharashtra Remote Sensing Application Centre

Ceinsys Tech Ltd received a domestic work order from the Maharashtra Remote Sensing Application Centre (MRSAC) for detailed soil survey and mapping under the National Soil Mapping…

ContractDefense

Ideaforge · client: Defence Ministry

Ideaforge Technology Ltd (Ideaforge Technology Ltd) has got large work orders. The company has met both of these large order defence ministry.

ContractService

ARAPL RaaS · client: U.S.-based logistics company

Affordable Robotic and Automation Limited (ARAPL) (BSE: 541402 | NSE: AFFORDABLE), India’s first listed robotics company, announced that its subsidiary ARAPL RaaS (Humro) has received a…

Logistics
LaunchVariable Pricing Model

Netcore cloud

Netcore Cloud has launched a Variable Pricing Model for its Agentic Marketing Platform, becoming the first in the world to link marketing technology costs directly to real business results.

Agentic Marketing Platform
LaunchAgentic Marketing Stack

Netcore cloud

Netcore Cloud has announced the launch of the Agentic Marketing Stack, a first-of-its-kind platform that brings autonomous AI agents into the heart of marketing.

Martech, AI-powered marketing platform
ContractSupply

Droneacharya aerial innovations limited · client: Indian army

As per the latest regulatory filings, DroneAcharya Aerial Innovations Limited has been awarded a work order worth nearly Rs. 2.6 crores by the Indian Army (Ministry of Defence) for the…

Defence
LaunchSureMatch

Impactsure technologies

Impactsure Technologies, a leading global provider of AI-driven solutions for banking and financial services, today announced the launch of SureMatch, its next-generation Agentic AI…

Agentic AI platform for Global Trade
FundingSeries B

Intangles

Pune-based deep tech company Intangles has secured a fresh USD 30 million in its Series B funding round, led by Avataar Venture Partners with follow-on support from Baring India Private…

Investors Avataar Venture Partners, Baring India Private Equity, Cactus Partners
Automotive AI / Predictive Vehicle Intelligence
M&AAcquisition · Announced

Cms info systems acquires Securens systems

According to the latest regulatory filings with the stock exchanges, CMS Info Systems Limited has acquired 22.75 lakhs additional fully paid equity shares of Rs. 10 each of Securens…

Remote monitoring solutions and B2B services
LaunchMaplytics Azure Maps Integration

Maplytics

Maplytics integrates with Azure Maps to bring next‑gen location intelligence to Dynamics 365 CRM.

Location Intelligence

High tech companies in Maharashtra, by revenue

Browse high tech companies in Maharashtra 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 465 high tech companies in 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

Manufacturer of reinforcing grades and tread grades of hard carbon black and coal tar derivatives

Advanced materials
₹2,733.41 crFY 2024-25
+6%2024–2025
752+20% 12 mo to Aug 2024LinkedIn · Jul 2026
16 yr2010
1postings · last posted Jul 2026

Consumer durables company

Household durables
₹2,094.74 crFY 2022-23
Not reported
9,944-32% 12 mo to Jun 2023LinkedIn · Jul 2026
44 yr1982
5postings · last posted Aug 2026

Provider of payment solutions, communication services, and IoT-enabled RFID technologies

Payments
₹1,473.62 crFY 2024-25
Not reported
397-25% 12 mo to Nov 2018LinkedIn · Jul 2026
33 yr1993
0none in 3 months

Developer of technical textiles for multiple industries

Advanced materials
₹1,368.80 crFY 2023-24
Not reported
912-1% 12 mo to Mar 2024LinkedIn · Jul 2026
50 yr1976
0none in 3 months

Developer of AI-driven platform for manufacturing execution and service management

Chatbots
₹1,159.53 crFY 2024-25
+150%2024–2025
558LinkedIn · Jul 2026
16 yr2010
0none in 3 months

Manufacturer of energy efficient ceiling fans kitchen appliances smart locks

Smart homes
₹1,000.86 crFY 2024-25
+21%2024–2025
1,422+14% 12 mo to Sep 2024LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Provider of data center, cloud, AI, and cybersecurity infrastructure services

Data center infrastructure
₹900.84 crFY 2024-25
+94%2024–2025
1,152+83% 12 mo to Aug 2024LinkedIn · Jul 2026
7 yr2019
1postings · last posted Sep 2026

Provider of an AI-powered platform for customer engagement and marketing

Customer success management
₹885.84 crFY 2024-25
+11%2024–2025
1,279-48% vs previous recordLinkedIn · Jul 2026
28 yr1998
27postings · last posted Sep 2026

Provider of material picking and handling solutions

Scm software
₹443.25 crFY 2024-25
+21%2024–2025
177+8% 12 mo to Jun 2024LinkedIn · Jul 2026
14 yr2012
2postings · last posted Sep 2026

Provider of smart technology, consultancy, and analytics solutions in the geospatial and engineering domains

Smart cities
₹429.72 crFY 2024-25
+67%2024–2025
950+60% 12 mo to Aug 2024recorded Aug 2024
28 yr1998
0none in 3 months

Provider of AI-powered robots designed as companions for children’s learning

K-12 edtech
₹367.12 crFY 2023-24
+61%2023–2024
484-1% 12 mo to Jul 2024LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Provider of data acquisition services for multiple industries

3d scanning
₹315.39 crFY 2024-25
+55%2024–2025
2,045-67% 12 mo to Mar 2020LinkedIn · Jul 2026
31 yr1995
0none in 3 months · last posted Feb 2026

Provider of operations monitoring solutions for the retail businesse

In store retail tech
₹298.59 crFY 2024-25
+29%2024–2025
157+17% 12 mo to Sep 2024LinkedIn · Jul 2026
26 yr2000
0none in 3 months · last posted May 2026

Platform offering an AI-driven chatbot

Chatbots
₹291.83 crFY 2024-25
+5%2024–2025
216+32% 12 mo to Sep 2024recorded Sep 2024
9 yr2017
0none in 3 months

Provider of products for surveillance and monitoring solutions

Security & surveillance technology
₹228.06 crFY 2024-25
Not reported
181LinkedIn · Jul 2026
6 yr2020
0none in 3 months · last posted Feb 2025

Provider of additive manufacturing, CNC machining, and reverse engineering services

Manufacturing tech
₹224.02 crFY 2024-25
+2%2024–2025
154-37% 12 mo to Aug 2024LinkedIn · Jul 2026
17 yr2009
0none in 3 months · last posted Feb 2026

Provider of artificial intelligence, machine learning, and digital transformation solutions

Internet of things infrastructure
₹218.53 crFY 2024-25
+31%2024–2025
956+13% 12 mo to Mar 2024LinkedIn · Jul 2026
22 yr2004
0none in 3 months

Manufacturer of commercial drones for multiple applications

Drones
₹191.39 crFY 2024-25
+249%2024–2025
—Not available
5 yr2021
0none in 3 months

Provider of a platform for identity verification and risk management

Grc software
₹191.02 crFY 2024-25
+30%2024–2025
917+21% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
15postings · last posted Aug 2026

Provider of AI-powered solutions for medical image analysis and reporting

Clinical labs it
₹190.42 crFY 2024-25
+24%2024–2025
418+6% 12 mo to Sep 2024LinkedIn · Jul 2026
10 yr2016
6postings · last posted Sep 2026

Developer of unmanned aerial vehicles

Drones
₹182.38 crFY 2024-25
-47%2024–2025
717+38% 12 mo to Sep 2024LinkedIn · Jul 2026
19 yr2007
25postings · last posted Sep 2026

Industrial asset management solutions and cloud-based platform for IOT Application

Internet of things infrastructure
₹155.25 crFY 2024-25
+6%2024–2025
—Not available
20 yr2006
0none in 3 months

Digital identity theft protection solution

Cybersecurity
₹151.65 crFY 2024-25
+8%2024–2025
450+15% 12 mo to Sep 2024recorded Sep 2024
12 yr2014
0none in 3 months

Online brand offering wireless earphones and smartwatches for men and women

Fitness & wellness tech
₹136.50 crFY 2024-25
+440%2024–2025
107+34% 12 mo to Aug 2023LinkedIn · Jul 2026
11 yr2015
0none in 3 months · last posted Mar 2026

Provider of 3D printing solutions

3d printing
₹115.25 crFY 2021-22
Not reported
13LinkedIn · Jul 2026
6 yr2020
1postings · last posted Jul 2026
50 of 1,344 companies shown here · the full list is on Radar
Fliar Radar

Explore all 1,344 high tech companies in Maharashtra on Radar

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

Open high tech in Maharashtra on Radar
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Explore high tech companies in Maharashtra by what you are looking for

Browse top high tech companies in Maharashtra, from AI and IoT to drones, robotics and smart security. You can also see high tech startups in Maharashtra and high tech companies hiring in Maharashtra.

9 ways to explore high tech in Maharashtra

AI, generative AI & chatbot companiesSecurity, surveillance & cybersecurity companiesIoT, smart home & smart building companiesDrone & robotics companiesWearable, AR & VR technology companiesAdvanced manufacturing, 3D printing & materials companies

AI, generative AI & chatbot companies

Artificial intelligence, computer vision, chatbot and AI infrastructure providers.

  1. Ecozen

    Developer of AI-driven platform for manufacturing execution and service management

    Chatbots
    See in list
  2. PinBot

    Platform offering an AI-driven chatbot

    Chatbots
    See in list
  3. Qure.ai

    Provider of AI-powered solutions for medical image analysis and reporting

    Clinical labs it
    See in list
  4. Intangles

    Provider of AI-powered solutions for predictive fleet maintenance and management

    Road transport tech
    See in list
  5. AutomationEdge

    Developer of hyperautomation platform providing RPA, AI, and IT automation

    Robotic process automation
    See in list

Security, surveillance & cybersecurity companies

Video surveillance, biometrics, threat detection and cyber security providers.

  1. Prama India

    Provider of products for surveillance and monitoring solutions

    Security & surveillance technology
    See in list
  2. Cyberior

    Digital identity theft protection solution

    Cybersecurity
    See in list
  3. Sepio Products

    Manufacturer of tamper-evident security seals, including electronic and plastic options

    Scm software
    See in list
  4. Zicom

    Electronics security surveillance based security

    Smart homes
    Website
  5. BaggageAI

    Provider of AI-powered baggage screening systems

    Computer vision
    See in list

IoT, smart home & smart building companies

IoT platforms, connected devices, home automation and building management systems.

  1. Seshaasai

    Provider of payment solutions, communication services, and IoT-enabled RFID technologies

    Payments
    See in list
  2. Atomberg

    Manufacturer of energy efficient ceiling fans kitchen appliances smart locks

    Smart homes
    See in list
  3. Ceinsys

    Provider of smart technology, consultancy, and analytics solutions in the geospatial and engineering domains

    Smart cities
    See in list
  4. Infotek Software

    Provider of operations monitoring solutions for the retail businesse

    In store retail tech
    See in list
  5. Winjit

    Provider of artificial intelligence, machine learning, and digital transformation solutions

    Internet of things infrastructure
    See in list

Drone & robotics companies

Commercial drones, industrial robots and service robot manufacturers.

  1. Jungheinrich India

    Provider of material picking and handling solutions

    Scm software
    See in list
  2. ideaForge

    Developer of unmanned aerial vehicles

    Drones
    See in list
  3. Sagar Defence Engineering

    Manufacturer of a quadcopter drone for multiple civilian and military applications

    Military tech
    See in list
  4. Quidich

    Provider of robotic camera systems for sports broadcasting

    Sports tech
    See in list
  5. PRYM Aerospace

    Provides of unmanned aerial vehicle solutions for various industries

    Drones
    See in list
144 companies in MaharashtraAll 62 drones companies in Maharashtra →

Wearable, AR & VR technology companies

Smartwatches, wearables, virtual reality and augmented reality hardware and software.

  1. Fore Excel

    Distributor of hardware and software solutions, including VR/AR/MR products

    Virtual reality
    See in list
  2. Tecknotrove Systems

    Provider of advanced training simulators and VR-based simulation solutions for critical industries

    Mining tech
    See in list
  3. ProYuga

    Provider of virtual reality solutions

    Virtual reality
    Website
  4. QWR Interactive Solutions

    Developer of virtual reality hardware and software for enterprise solutions

    Virtual reality
    Website
  5. AjnaLens

    Manufacturer of mixed reality headset

    Augmented reality
    Website

Advanced manufacturing, 3D printing & materials companies

Industrial tech, 3D printing, advanced materials and nanotechnology providers.

  1. Epsilon Carbon

    Manufacturer of reinforcing grades and tread grades of hard carbon black and coal tar derivatives

    Advanced materials
    See in list
  2. Imaginarium

    Provider of additive manufacturing, CNC machining, and reverse engineering services

    Manufacturing tech
    See in list
  3. Matrix Moon

    Provider of 3D printing solutions

    3d printing
    See in list
  4. Intermarket

    Manufacturer of textiles for hospitality, promotional, and healthcare sectors

    Home furnishing products
    See in list
  5. Kalimati Carbon

    Manufacturer of activated carbon products for industrial and environmental applications

    Advanced materials
    See in list

High tech startups in Maharashtra

Recently founded high tech companies in Maharashtra.

  1. Trentar

    Manufacturer of commercial drones for multiple applications

    Drones
    See in list
  2. PRYM Aerospace

    Provides of unmanned aerial vehicle solutions for various industries

    Drones
    See in list
  3. DoubleTick

    A cloud-based WhatsApp API and CRM solution

    Marketingtech
    Website
  4. Neysa

    Provider of AI acceleration cloud system with infrastructure and services

    Cloud infrastructure
    Website
  5. UAV Garage

    Retailer of unmanned aerial vehicles and related components and accessories

    Drones
    Website
363 companies in Maharashtra

High tech companies hiring in Maharashtra

High tech companies in Maharashtra with open roles right now.

  1. Epsilon Carbon

    Manufacturer of reinforcing grades and tread grades of hard carbon black and coal tar derivatives

    Advanced materials
    See in list
  2. Eureka Forbes

    Consumer durables company

    Household durables
    See in list
  3. Yotta

    Provider of data center, cloud, AI, and cybersecurity infrastructure services

    Data center infrastructure
    See in list
  4. Netcore Cloud

    Provider of an AI-powered platform for customer engagement and marketing

    Customer success management
    See in list
  5. Jungheinrich India

    Provider of material picking and handling solutions

    Scm software
    See in list
50 companies in Maharashtra

Listed high tech companies in Maharashtra

Publicly listed high tech companies in Maharashtra.

  1. Eureka Forbes

    Consumer durables company

    Household durables
    See in list
  2. Seshaasai

    Provider of payment solutions, communication services, and IoT-enabled RFID technologies

    Payments
    See in list
  3. Garware Technical Fibres

    Developer of technical textiles for multiple industries

    Advanced materials
    See in list
  4. Ceinsys

    Provider of smart technology, consultancy, and analytics solutions in the geospatial and engineering domains

    Smart cities
    See in list
  5. Genesys International Corporation

    Provider of data acquisition services for multiple industries

    3d scanning
    See in list
14 companies in Maharashtra
Mobile reach

Top 10 high tech apps from Maharashtra

The most-installed Android apps published by high tech companies headquartered in Maharashtra — 28.1M installs between them. 101 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

Hidden Camera Detector

by futureapps

Installs17.5M
Rating3.5630K ratings
Installs, year on year+30%
Last updatedAug 2025
View on Google Play ↗
Hidden Camera Detector screenshot 1Hidden Camera Detector screenshot 2Hidden Camera Detector screenshot 3Hidden Camera Detector screenshot 4Hidden Camera Detector screenshot 5Hidden Camera Detector screenshot 6
3

Eureka Forbes | Aquaguard

by Eureka Forbes

Installs3.8M
Rating4.37215K ratings
Installs, year on year+50%
Last updatedJun 2026
View on Google Play ↗
Eureka Forbes | Aquaguard screenshot 1Eureka Forbes | Aquaguard screenshot 2Eureka Forbes | Aquaguard screenshot 3Eureka Forbes | Aquaguard screenshot 4Eureka Forbes | Aquaguard screenshot 5Eureka Forbes | Aquaguard screenshot 6
6

Truein User: Time & Attendance

by Truein

Installs608K
Rating5.03K ratings
Last updatedJun 2026
View on Google Play ↗
Truein User: Time & Attendance screenshot 1Truein User: Time & Attendance screenshot 2Truein User: Time & Attendance screenshot 3Truein User: Time & Attendance screenshot 4Truein User: Time & Attendance screenshot 5Truein User: Time & Attendance screenshot 6
7

Atomberg

by Atomberg

Installs325K
Rating—
Last updatedAug 2023
View on Google Play ↗
Atomberg screenshot 1Atomberg screenshot 2Atomberg screenshot 3Atomberg screenshot 4Atomberg screenshot 5Atomberg screenshot 6
8

DutyPar - Attendance app

by Dutypar

Installs253K
Rating—
Last updatedSep 2025
View on Google Play ↗
DutyPar - Attendance app screenshot 1DutyPar - Attendance app screenshot 2DutyPar - Attendance app screenshot 3DutyPar - Attendance app screenshot 4DutyPar - Attendance app screenshot 5DutyPar - Attendance app screenshot 6
9

Social Media Posts - Predis AI

by Predis

Installs191K
Rating4.523K ratings
Installs, year on year+41%
Last updatedApr 2026
View on Google Play ↗
Social Media Posts - Predis AI screenshot 1Social Media Posts - Predis AI screenshot 2Social Media Posts - Predis AI screenshot 3Social Media Posts - Predis AI screenshot 4Social Media Posts - Predis AI screenshot 5Social Media Posts - Predis AI screenshot 6
10

DoubleTick CRM

by DoubleTick

Installs116K
Rating3.33700 ratings
Installs, year on year+21%
Last updatedJun 2026
View on Google Play ↗
DoubleTick CRM screenshot 1DoubleTick CRM screenshot 2DoubleTick CRM screenshot 3DoubleTick CRM screenshot 4DoubleTick CRM screenshot 5
The business behind the activity

High tech financials in Maharashtra

Revenue, profit and growth from the filed annual accounts of 396 high tech companies in Maharashtra for FY24-25 — 519 of the 1,344 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 56% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹20,409.41 cr

396 companies filing accounts

combined net profit₹1,320.49 cr

6.5% aggregate margin

are profitable55%

217 of 396 companies

median revenue~₹2.1 cr

the typical company

median revenue growth+22%

into FY24-25

earned by the top five56%

revenue concentration

Six-year view

Combined revenue of filing companies

₹7,189.19 crFY19-20288 filers
₹6,716.76 crFY20-21332 filers
₹11,303.77 crFY21-22354 filers
₹15,521.03 crFY22-23395 filers
₹17,501.21 crFY23-24406 filers
₹20,409.41 crFY24-25396 filers

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

Like-for-like

The same 321 companies over three years

+22%
FY22-23₹15,238.90 cr₹1,191.25 cr net
FY23-24₹15,937.43 cr₹1,171.56 cr net
FY24-25₹18,526.10 cr₹1,367.93 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 cr15329% profitable
₹1–10 cr14663% profitable
₹10–100 cr7581% profitable
₹100–1,000 cr1788% profitable
Over ₹1,000 cr5100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking117
0–20%56
20–50%71
50–100%49
Doubled+69

362 companies with accounts for both years; median growth +22%.

Profitability

Profit is concentrated at the top

217profitable
175loss-making
6.5%aggregate margin
0.6%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
Fire BolttBOLTT GAMES PRIVATE LIMITED+440%₹136.50 cr
TrentarTRENTAR PRIVATE LIMITED+283%₹72.42 cr
Peppermint RoboticsAUBOTZ LABS PRIVATE LIMITED+234%₹21.02 cr
Data Science WizardsDATA SCIENCE WIZARDS PRIVATE LIMITED
BaggageAISHREE A3 BAGGAGE PRIVATE LIMITED
Sagar Defence EngineeringSAGAR DEFENCE ENGINEERING PRIVATE LIMITED
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Sagar Defence EngineeringSAGAR DEFENCE ENGINEERING PRIVATE LIMITED
ProYugaProyuga Advanced Technologies Limited27.4%₹13.85 cr
Ixsight TechnologiesIXSIGHT TECHNOLOGIES PRIVATE LIMITED₹14.52 cr
Matrix MoonMATRIX MOON PRIVATE LIMITED22.6%₹156.48 cr
Genesys International CorporationGENESYS INTERNATIONAL CORPORATION LIMITED21.8%₹288.87 cr
S4ERRP S4E INNOVATION LIMITED
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Advanced materials10₹8,905.74 cr~₹30.9 cr50%9.1%
Chatbots17₹1,497.00 cr~₹23 lakh47%4.7%
Smart homes20₹1,070.12 cr~₹2.0 cr55%-8.6%
Internet of things infrastructure19₹538.68 cr~₹1.5 cr47%-3.7%
Security & surveillance technology29₹467.29 cr~₹2.7 cr64%5.6%
Manufacturing tech18₹276.69 cr~₹1.2 cr78%3.6%
Drones25₹254.36 cr~₹2.0 cr56%-2.6%
Cybersecurity6₹215.20 cr~₹15.1 cr83%12.5%
Leaders

Largest high tech companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Birla CarbonBIRLA CARBON INDIA PRIVATE LIMITED₹4,526.62 cr₹345.21 cr+2%
Epsilon CarbonEPSILON CARBON PRIVATE LIMITED₹2,692.87 cr₹248.26 cr9.2%+4%
Garware Technical FibresGARWARE TECHNICAL FIBRES LIMITED₹1,525.46 cr₹214.07 cr14.0%+15%
SeshaasaiSESHAASAI TECHNOLOGIES LIMITED₹1,472.35 cr₹222.21 cr15.1%-6%
EcozenECOZEN SOLUTIONS PRIVATE LIMITED₹1,149.06 cr₹75.70 cr6.6%+165%
AtombergATOMBERG TECHNOLOGIES PRIVATE LIMITED₹995.92 cr−₹89.45 cr-9.0%+21%
YottaYOTTA DATA SERVICES PRIVATE LIMITED₹900.84 cr₹11.05 cr1.2%+94%
Netcore CloudNetcore Private Limited₹809.69 cr₹50.75 cr6.3%+10%
Jungheinrich IndiaJUNGHEINRICH LIFT TRUCK INDIA PRIVATE LIMITED₹443.25 cr₹6.12 cr1.4%+21%
CeinsysCEINSYS TECH LIMITED₹425.60 cr₹81.38 cr19.1%+72%
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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.

For investors and data teams

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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

High tech funding and M&A across India

3,368 recorded equity rounds have gone to 9,740 high tech companies in India — how much, at which stage, into which sub-sectors, from whom, and how Maharashtra compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months138

US$1.12bn

equity rounds, last 24 months423

US$1.97bn

raised over five yearsUS$4.67bn

1,795 rounds in India

M&A deals, Maharashtra11

last 24 months

Capital by year

Equity funding into high tech in India

amount rounds
$190m2018239
$396m2019277
$311m2020292
$583m2021363
$767m2022373
$700m2023342
$879m2024370
$781m2025267
$961m202680

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2024, with US$878.77m across 370 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$70.10m269 rounds · median US$97k
SeedUS$1.06bn1,189 rounds · median US$382k
Series AUS$1.18bn227 rounds · median US$4.00m
Series BUS$1.54bn65 rounds · median US$11.83m
Series CUS$527.91m34 rounds · median US$6.98m
Series D+US$288.77m11 rounds · median US$15.76m
Where the money went · five years

Most-funded sub-sectors

Cloud infrastructureUS$650.00m3 rounds · 1 companies
DronesUS$299.97m170 rounds · 66 companies
Military techUS$272.03m42 rounds · 14 companies
Ai infrastructureUS$241.64m56 rounds · 30 companies
Wearable technologyUS$234.24m50 rounds · 21 companies
Insurance itUS$206.98m8 rounds · 2 companies
Smart homesUS$188.21m34 rounds · 14 companies
Corporate activity · last 24 months

M&A in Maharashtra

11Acquisition

Most active acquirers

  1. Blackstone3
  2. Cms info systems2
  3. Lightspeed1
  4. Softbank1
  5. Garware technical fibres1

Most acquired or merged

  1. Neysa5
  2. Securens systems2
  3. Pureit2
  4. Offshore & trawl supply as1
  5. Yotta1

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

High tech funding in Maharashtra

174 high tech companies in Maharashtra have recorded equity funding, US$1.50bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Maharashtra

Meet the people behind high tech companies in Maharashtra. 791 of 1,344 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Maharashtra high tech companies by sub-sector

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

Keep exploring high tech in India and nearby markets.

Coming soon