Company lists
The Mumbai edition · 2026

High techcompanies in Mumbai

AI, security, smart home, IoT, drones & robots and more: the companies building high tech in Mumbai, Maharashtra, with their founders, funding, team size and business models.

634 company profiles220 with reported revenue104 with recorded fundingSeptember 2026 edition
Mumbai · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent high tech business events in Mumbai

Funding, M&A, contract wins and launches involving 813 high tech companies in Mumbai, last 24 months: 23 launches · 19 funding rounds · 10 M&A deals · 9 Contracts. 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
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
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
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.

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.

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
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
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
M&AAcquisition · Completed

Cms info systems acquires Securens systems

CMS Info Systems Limited has completed the acquisition of 15,14,299 Compulsorily Convertible Preference Shares, representing 53.89% of the share capital of Securens Systems Private…

ContractTechnology

Arcure · client: Jungheinrich

Arcure, a specialist in embedded artificial intelligence for safety and productivity in industry and construction, announces the first orders placed by Jungheinrich, 3rd largest forklift…

Industrial Vehicles
LaunchInterakt

Haptik

Haptik, a Reliance Jio Platforms subsidiary and conversational AI company, has launched a new 'AI for All' initiative, offering enterprise-grade AI Agents to small and medium businesses…

CRM, marketing, and support automation platform
FundingSeries D

Miko

Miko, the Mumbai-based pioneer in child companion robots, is set to take a giant leap forward with its upcoming Series D funding round worth $155 million (about ₹1,325 crore).

Investors AMDG-PAX Foundation
Child companion robotics, robotics, AI
ContractSupply

Cwd Limited · client: Na

CWD Limited secured a Rs. 76 crore purchase order from a domestic financial services company to supply UPI sound boxes

Digital payments
LaunchThe Big Exchange

Eureka forbes

Eureka Forbes Ltd., India’s leading player in the health and hygiene industry, has announced the national launch of ‘The Big Exchange’ offer, the country’s first cross-category online…

Online exchange program
LaunchFleet of six LNG-powered container trucks

Epsilon carbon

Epsilon Carbon Pvt. Ltd. has launched a fleet of six LNG-powered container trucks for carbon black freight, aiming to reduce emissions and improve supply chain efficiency.

Truck

High tech companies in Mumbai, by revenue

Browse high 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 220 high 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

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

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 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 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

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

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

Manufacturer of textiles for hospitality, promotional, and healthcare sectors

Home furnishing products
₹108.04 crFY 2024-25
+11%2024–2025
—Not available
31 yr1995
0none in 3 months

Manufacturer of activated carbon products for industrial and environmental applications

Advanced materials
₹98.68 crFY 2024-25
+36%2024–2025
31LinkedIn · Jul 2026
16 yr2010
0none in 3 months

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

Scm software
₹83.54 crFY 2024-25
-2%2024–2025
82+15% 12 mo to Sep 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months · last posted Jun 2026

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

Mining tech
₹66.82 crFY 2024-25
+8%2024–2025
133+57% 12 mo to Sep 2024LinkedIn · Jul 2026
24 yr2002
0none in 3 months · last posted May 2026

Manufactures and sells robots for military applications

Professional service robots
₹62.90 crFY 2024-25
+144%2024–2025
78+92% 12 mo to Jul 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Manufacturer of electro-optical systems, thermal devices, telescopic sights, and long-range cameras

Military tech
₹62.30 crFY 2024-25
+53%2024–2025
35-8% 12 mo to Aug 2024recorded Aug 2024
8 yr2018
0none in 3 months

Provider of AI-powered baggage screening systems

Computer vision
₹60.92 crFY 2024-25
+174%2024–2025
—Not available
8 yr2018
0none in 3 months

Provider of robotic camera systems for sports broadcasting

Sports tech
₹60.41 crFY 2024-25
Not reported
117+62% 12 mo to Jul 2024LinkedIn · Jul 2026
13 yr2013
1postings · last posted Sep 2026
50 of 634 companies shown here · the full list is on Radar
Fliar Radar

Explore all 634 high 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 high tech in Mumbai on Radar
  • Every company, not just 50All 634 high tech companies in Mumbai, filterable by stage, funding, team size, revenue model and age.
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Explore high tech companies in Mumbai by what you are looking for

Browse high tech companies in Mumbai, from AI and chatbot firms to smart home, IoT, drone and VR companies. You can also see high tech startups in Mumbai and listed high tech companies.

9 ways to explore high tech in Mumbai

AI, chatbot & generative AI companiesSecurity, surveillance & cybersecurity companiesSmart home & building automation companiesIoT & connected device companiesDrone, robotics & 3D printing companiesVR, AR & computer vision companies

AI, chatbot & generative AI companies

Artificial intelligence, conversational AI and AI infrastructure providers.

  1. Netcore Cloud

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

    Customer success management
    See in list
  2. Qure.ai

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

    Clinical labs it
    See in list
  3. BaggageAI

    Provider of AI-powered baggage screening systems

    Computer vision
    See in list
  4. LocoBuzz

    Customer experience management platform for enterprises

    Customer success management
    See in list
  5. DoubleTick

    A cloud-based WhatsApp API and CRM solution

    Marketingtech
    See in list

Security, surveillance & cybersecurity companies

Surveillance, biometric access and cybersecurity providers.

  1. Prama India

    Provider of products for surveillance and monitoring solutions

    Security & surveillance technology
    See in list
  2. Idfy

    Provider of a platform for identity verification and risk management

    Grc software
    See in list
  3. Cyberior

    Digital identity theft protection solution

    Cybersecurity
    See in list
  4. Sepio Products

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

    Scm software
    See in list
  5. Zicom

    Electronics security surveillance based security

    Smart homes
    Website

Smart home & building automation companies

Home automation, smart switches and building energy management.

  1. Atomberg

    Manufacturer of energy efficient ceiling fans kitchen appliances smart locks

    Smart homes
    See in list
  2. Uniser

    Manufacturer of solar powered LED lighting and home automation systems

    Property management tech
    See in list
  3. Gaia

    Platform offering IoT solutions for smart cities and other industries

    Smart cities
    See in list
  4. Enlite Research

    Developer of wireless building automation systems for energy management control

    Iot applications
    Website
  5. PIXELTECH

    Provider of home automation and security solutions

    Smart homes
    Website

IoT & connected device companies

IoT platforms, sensors and wearable devices.

  1. Seshaasai

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

    Payments
    See in list
  2. CWD

    Manufacturer of IoT modules

    Internet of things infrastructure
    See in list
  3. Faclon Labs

    Provider of industrial data and AI platform for decision intelligence

    Water and wastewater management tech
    See in list
  4. DSPWorks

    Diversified IoT solutions for homes and industries

    Internet of things infrastructure
    Website
  5. Alphacore Technologies

    Provider of IoT based predictive maintainance solutions

    Manufacturing tech
    Website

Drone, robotics & 3D printing companies

Drone makers, service robots and 3D printing manufacturers.

  1. Jungheinrich India

    Provider of material picking and handling solutions

    Scm software
    See in list
  2. Imaginarium

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

    Manufacturing tech
    See in list
  3. ideaForge

    Developer of unmanned aerial vehicles

    Drones
    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

VR, AR & computer vision companies

Virtual reality, augmented reality and image recognition technology.

  1. Tecknotrove Systems

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

    Mining tech
    See in list
  2. ProYuga

    Provider of virtual reality solutions

    Virtual reality
    See in list
  3. AjnaLens

    Manufacturer of mixed reality headset

    Augmented reality
    See in list
  4. Assert AI

    Developer of computer vision software for real-time operational intelligence

    Manufacturing tech
    Website
  5. Orbo

    AI-powered visual intelligence solutions for the beauty and personal care sector

    Artificial intelligence
    Website

Listed high tech companies in Mumbai

Publicly listed high tech companies in Mumbai.

  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. Genesys International Corporation

    Provider of data acquisition services for multiple industries

    3d scanning
    See in list
  4. ideaForge

    Developer of unmanned aerial vehicles

    Drones
    See in list
  5. Zicom

    Electronics security surveillance based security

    Smart homes
    Website
11 companies in Mumbai

High tech startups in Mumbai

Recently founded high tech startups in Mumbai.

  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
    See in list
  4. Neysa

    Provider of AI acceleration cloud system with infrastructure and services

    Cloud infrastructure
    See in list
  5. UAV Garage

    Retailer of unmanned aerial vehicles and related components and accessories

    Drones
    See in list
175 companies in Mumbai

High tech companies hiring in Mumbai

Mumbai high tech companies with open jobs.

  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
34 companies in Mumbai
Mobile reach

Top 10 high tech apps from Mumbai

The most-installed Android apps published by high tech companies headquartered in Mumbai — 5.9M installs between them. 44 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

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
4

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
5

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
7

Addressify

by Idfy

Installs28K
Rating—
Last updatedSep 2025
View on Google Play ↗
Addressify screenshot 1Addressify screenshot 2
The business behind the activity

High tech financials in Mumbai

Revenue, profit and growth from the filed annual accounts of 184 high tech companies in Mumbai, Maharashtra for FY24-25 — 248 of the 634 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 74% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹14,368.19 cr

184 companies filing accounts

combined net profit₹865.44 cr

6.0% aggregate margin

are profitable55%

101 of 184 companies

median revenue~₹2.7 cr

the typical company

median revenue growth+25%

into FY24-25

earned by the top five74%

revenue concentration

Six-year view

Combined revenue of filing companies

₹4,833.34 crFY19-20145 filers
₹4,427.06 crFY20-21163 filers
₹8,269.18 crFY21-22170 filers
₹11,724.38 crFY22-23189 filers
₹12,991.21 crFY23-24194 filers
₹14,368.19 crFY24-25184 filers

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

Like-for-like

The same 155 companies over three years

+10%
FY22-23₹11,471.82 cr₹895.12 cr net
FY23-24₹11,534.23 cr₹785.75 cr net
FY24-25₹12,613.67 cr₹868.31 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 cr6226% profitable
₹1–10 cr7459% profitable
₹10–100 cr3583% profitable
₹100–1,000 cr1090% profitable
Over ₹1,000 cr3100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking51
0–20%27
20–50%35
50–100%26
Doubled+31

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

Profitability

Profit is concentrated at the top

101profitable
82loss-making
6.0%aggregate margin
0.7%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
Data Science WizardsDATA SCIENCE WIZARDS PRIVATE LIMITED
BaggageAISHREE A3 BAGGAGE PRIVATE LIMITED+174%₹60.92 cr
PRYM AerospacePRYM SOLUTIONS PRIVATE LIMITED
Janyu TechnologiesJANYU TECHNOLOGIES PRIVATE LIMITED+144%₹62.90 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
ProYugaProyuga Advanced Technologies Limited
Ixsight TechnologiesIXSIGHT TECHNOLOGIES PRIVATE LIMITED
Genesys International CorporationGENESYS INTERNATIONAL CORPORATION LIMITED21.8%₹288.87 cr
S4ERRP S4E INNOVATION LIMITED20.9%₹62.30 cr
Fire BolttBOLTT GAMES PRIVATE LIMITED17.1%₹136.50 cr
SeshaasaiSESHAASAI TECHNOLOGIES LIMITED15.1%₹1,472.35 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Advanced materials6₹7,364.20 cr~₹72.3 cr50%8.1%
Smart homes12₹1,051.63 cr~₹3.3 cr58%-8.3%
Security & surveillance technology15₹281.40 cr~₹1.8 cr64%5.8%
Manufacturing tech8₹194.25 cr~₹5.3 cr75%2.5%
Drones13₹190.92 cr~₹2.8 cr69%3.5%
Marketingtech5₹48.58 cr~₹1.6 cr60%-2.5%
Internet of things infrastructure5₹42.89 cr~₹1.5 cr60%-24.1%
Chatbots7₹20.46 cr~₹7 lakh43%-38.2%
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%
SeshaasaiSESHAASAI TECHNOLOGIES LIMITED₹1,472.35 cr₹222.21 cr15.1%-6%
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%
Genesys International CorporationGENESYS INTERNATIONAL CORPORATION LIMITED₹288.87 cr₹63.03 cr21.8%+45%
Prama IndiaPRAMA INDIA PRIVATE LIMITED₹228.06 cr₹16.00 cr7.0%+35%
ImaginariumIMAGINARIUM ( INDIA ) PRIVATE LIMITED₹155.79 cr₹8.86 cr5.7%+87%
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

AdTech Industry Landscape of Mumbai

The financials above are one chapter. The full high 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 high 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

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 Mumbai 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, Mumbai10

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 Mumbai

10Acquisition

Most active acquirers

  1. Blackstone3
  2. Cms info systems2
  3. Lightspeed1
  4. Softbank1
  5. Indiqus1

Most acquired or merged

  1. Neysa5
  2. Securens systems2
  3. Pureit2
  4. Yotta1

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

High tech funding in Mumbai

104 high tech companies in Mumbai have recorded equity funding, US$1.30bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Mumbai

Meet the people behind high tech companies in Mumbai. 413 of 634 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Mumbai high tech companies by sub-sector

The most common specialisations among high tech companies in Mumbai. 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.

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