Company lists
The Gujarat edition · 2026

Industrial goods and manufacturingcompanies in Gujarat

Automation, packaging, contract, safety, hvac and more: the companies building industrial goods and manufacturing in Gujarat, with their founders, funding, team size and business models.

1,209 company profiles490 with reported revenue10 with recorded fundingSeptember 2026 edition

Recent industrial goods and manufacturing business events in Gujarat

Funding, M&A, contract wins and launches involving 1,280 industrial goods and manufacturing companies in Gujarat, last 24 months: 28 M&A deals · 21 Contracts · 5 funding rounds · 4 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Apr 2026.

M&AAcquisition · Announced

Nandan denim acquires Opera Air (Narmada) Private Limited

Nandan Denim has reported that the Board has approved to buy 6.1 percent share in Opera Air (Narmada) Private Limited.

M&AAcquisition · Announced

Nandan denim acquires Opera Vayu (Narmada) Private Limited

Nandan Denim said that the board has approved the acquisition of a 6.1% equity stake in Opera Vayu (Narmada) Private Limited.

M&AAcquisition · Announced

Orange group acquires MasOrange

EU clears Orange's EUR 4.25 bln acquisition of Spain's MasOrange

Telecommunications
M&AAcquisition · Announced

AMI Paradigm Solutions Private Limited (AMIPS) acquires L&t technology services

AMI Paradigm Solutions Private Limited (AMIPS), a joint venture between AM Group and ParadigmIT, has inked a binding transfer agreement (BTA) with L&T Technology Services (LTTS) to…

Technology Services
ContractSupply

Shaily engineering plastics · client: Na

Plastic products maker Shaily Engineering Plastics said it has received an order from a large domestic pharma company for the supply of pen injectors over a period of 4 years.

Pharmaceutical
FundingPre-seed

Gati Drives

Gati Drives, a deep-tech startup developing next-generation electric motors that deliver BLDC-level efficiency at a fraction of the cost without rare-earth materials, has raised a…

Investors Campus fund
Electric motors
FundingQIP

Rajoo engineers

Shares of other smaller companies, such as Rajoo Engineers, Genesys International, Shakti Pumps, who raised between ₹200 to ₹300 crore through the QIP route, have seen their shares drop…

Investors Na
M&AAcquisition · Announced

Recomotor acquires Barcelona

Recomotor, distributor of recovered parts for workshops and automotive professionals, continues its expansion with the acquisition of a new scrapping in Sant Andreu de la Barca (Barcelona).

ContractSupply

Vishal fabrics · client: Kiran enterprises

Textile manufacturer Vishal Fabrics has secured an order worth Rs 100 crore from Kiran Enterprises for the supply of denim fabrics, the company said in its regulatory filing on Tuesday.

Textile
ContractSupply

Vishal fabrics · client: Na

Vishal Fabrics bags Rs 100 crore denim supply order.

Textile
M&AAcquisition · Completed

Rajoo engineers acquires Kohli Printing and Converting Machines

Rajoo Engineers has completed a strategic acquisition, purchasing a 60% equity stake in Kohli Printing and Converting Machines.

ContractSupply

Loyal equipments · client: Indian oil

Loyal Equipments Ltd has secured a ₹ 7.61 crore order from Indian Oil Corporation’s Mathura Refinery for an Air Fin Cooler Assembly, to be executed over 8 months.

LaunchASC – Acme Super Cell engraving technology

Acme rolltech

with plans to launch its ASC – Acme Super Cell engraving technology at PrintPack 2025.

Engraving Technology
M&AAcquisition · Announced

A-1 Ltd acquires A-1 sureja industries

The company has increased existing partnership interest/ shareholding in A-1 Sureja industries from 45% to 51% at an enterprise value of ₹100 crore.

Battery-operated two-wheelers (Hurry-E)
M&AAcquisition · Announced

A-1 Limited acquires A-1 sureja industries

A-1 Limited announced an increase in its partnership interest in A-1 Sureja Industries from 45% to 51%, strengthening its position in the electric vehicle (EV) manufacturing sector.

Battery‑operated two‑wheelers
M&AAcquisition · Completed

A-I Limited acquires A-1 sureja industries

A-I Limited has acquired an additional 6 percent stake in A-1 Sureja Industries

M&AAcquisition · Announced

Abu dhabi investment authority acquires Shaily engineering plastics

Abu Dhabi Investment Authority , Motilal Oswal Mutual Fund, BofA Securities, Societe Generale, and other institutional investors have collectively acquired over 13 lakh shares, or a 2.9%…

ContractTechnology

L&t technology services · client: Na

L&T Technology Services (LTTS) has announced approx Rs 8.86 billion multi-year agreement with a US-based industrial equipment manufacturer.

Semiconductor
ContractService

L&t technology services · client: US-based industrial equipment manufacturer

A leading engineering services provider secured a $100 million multi-year deal with a US industrial equipment maker

Semiconductor
FundingSeed

Aether

Aether, a New Zealand–based AI-powered SaaS platform for marketing presentations, has raised NZ$3.8M (A$3.4M) in Seed funding.

Investors Icehouse ventures, Brand Fund 2
AI SaaS / Marketing Productivity / Presentation Automation
M&AAcquisition · Announced

Growth Fund of America acquires Shaily engineering plastics

US-based investment management firm Capital Group, through two of its funds, acquired a 1.67 percent stake in Shaily Engineering Plastics — a manufacturer of injection-moulded precision…

Manufacturing
M&AAcquisition · Announced

American Funds Fundamental Investors acquires Shaily engineering plastics

The Growth Fund of America, and American Funds Fundamental Investors, managed by Capital Group, have bought 5 lakh shares in Shaily Engineering at Rs 1,925 per share, and 2,68,179 shares…

Manufacturing
LaunchMarzel Carpet Tiles

Dolphy

Marzel Carpet Tiles, launched July 2025, is Dolphy’s new flooring vertical offering designer modular carpets in Nylon and PP variants.

Modular Carpet Tiles
M&AAcquisition · Announced

M.R. Organisation acquires ABP Impex

Aeroflex Enterprises announced that its subsidiary, M.R. Organisation, has acquired 51% equity stake through its USA subsidiary in ABP Impex, based in Portugal (EU), that specialises in…

ContractSupply

Meera industries · client: Dexmat

The second order is from DexMat, Inc., known for producing advanced carbon nanotube fibers called “Galvorn,” which has placed an order for Meera’s Ring Twister. The Ring Twister is…

Textile machinery
ContractSupply

Meera industries · client: Buhler quality yarns

The initial order is from Buhler Quality Yarns Corp, a leading supplier of luxury cotton yarns made from high-grade Supima cotton, which has ordered Meera’s Twister & Winder systems.…

Textile machinery
ContractSupply

Na · client: Hermes technologies

The company has secured a Rs.3.35 crore agreement with Hermes Technologies Private Limited to supply and implement a 1 GW solar photovoltaic (PV) plant.

Renewable Energy
ContractSupply

Trom Industries Limited · client: Hermes technologies

Trom Industries Limited has received a purchase order from Hermes Technologies Private Limited for the supply, installation, testing, and commissioning of a 1 MW grid-connected…

Renewable Energy
ContractSupply

Welspun Specialty Solutions · client: Bharat heavy electricals

Welspun Specialty Solutions Limited (WSSL) has been notified as L1 bidder by Bharat Heavy Electricals Limited (BHEL, Trichy) for supply of approx 4,050 tons of Stainless steel Seamless…

Power
M&AAcquisition · Completed

HIL Limited acquires TOPLINE INDUSTRIES

the acquisition of pipes brand Topline Industries for Rs 265 crore.

Pipes & fittings

Industrial goods and manufacturing companies in Gujarat, by revenue

Browse industrial goods and manufacturing companies in Gujarat by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 490 industrial goods and manufacturing companies in Gujarat that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

Provider of software & AI development, cloud, cyber security, and engineering consulting services

Manufacturing services
₹10,880.10 crFY 2024-25
+10%2024–2025
41,463-6% 12 mo to Nov 2023LinkedIn · Jul 2026
14 yr2012
1postings · last posted Jul 2026

Contract manufacturer of diamonds

Contract manufacturers
₹7,740.85 crFY 2024-25
-2%2024–2025
1,021LinkedIn · Jul 2026
34 yr1992
0none in 3 months

Leading gold refinery

Manufacturing services
₹4,986.80 crFY 2023-24
Not reported
92-2% 12 mo to Aug 2024recorded Aug 2024
14 yr2012
1postings · last posted Jul 2026

Manufacturer & supplier of denims

Contract manufacturers
₹3,554.30 crFY 2024-25
+74%2024–2025
277-86% 12 mo to Sep 2024LinkedIn · Jul 2026
32 yr1994
0none in 3 months

Manufacturer of textile products

Contract manufacturers
₹2,290.78 crFY 2024-25
+26%2024–2025
3,750recorded
40 yr1986
0none in 3 months

Integrated stainless steel manufacturer with a focus on bright-bars and more

Manufacturing services
₹1,527.14 crFY 2021-22
Not reported
121+95% 12 mo to Sep 2024recorded Sep 2024
48 yr1978
—No postings tracked

Manufacturer of industrial geared motors, material handling, and mining equipment

Industrial automation equipment
₹1,549.74 crFY 2022-23
Not reported
1,807+12% 12 mo to Jul 2024LinkedIn · Jul 2026
75 yr1951
0none in 3 months · last posted May 2026

Contract manufacturer of denim

Contract manufacturers
₹1,521.43 crFY 2024-25
+5%2024–2025
219-23% 12 mo to Sep 2024LinkedIn · Jul 2026
41 yr1985
0none in 3 months

Provider of toner resins and styrene metallic for the printing and packaging industries

Manufacturing services
₹1,465.71 crFY 2024-25
-44%2024–2025
77+6% 12 mo to Sep 2024LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Internet first brand of casual wear for men and women

Contract manufacturers
₹1,454.80 crFY 2024-25
-1%2024–2025
375recorded
10 yr2016
0none in 3 months · last posted Jun 2026

Manufacturer and supplier of solar powered DC surface and submersible pumps

Industrial automation equipment
₹1,277.97 crFY 2024-25
Not reported
166+11% 12 mo to Jul 2024LinkedIn · Jul 2026
33 yr1993
0none in 3 months

Manufacturer of hot rolled & cold rolled carbon steel products, specializing in cold rolled coils, strips, and sheets

Manufacturing services
₹1,125.40 crFY 2024-25
Not reported
—Not available
26 yr2000
0none in 3 months

Provider of electric steel for motor, transformer, pump and electrical appliance

Manufacturing services
₹1,116.52 crFY 2024-25
+5%2024–2025
156LinkedIn · Jul 2026
14 yr2012
1postings · last posted Jul 2026

Manufacturer of stainless steel welded pipes & tubes

Manufacturing services
₹1,066.03 crFY 2024-25
+30%2024–2025
—Not available
4 yr2022
0none in 3 months

Brand of damond jewellery

Contract manufacturers
₹1,041.38 crFY 2024-25
+454%2024–2025
178LinkedIn · Jul 2026
29 yr1997
0none in 3 months · last posted Mar 2026

Manufacturer of filtration, drying, glass lined, metals, and other material equipments

Manufacturing services
₹1,034.95 crFY 2024-25
+6%2024–2025
736+2% 12 mo to Sep 2024recorded Sep 2024
45 yr1981
3postings · last posted Jul 2026

Custom-based manufacturer of CNC machine tools

Manufacturing services
₹860.41 crFY 2022-23
Not reported
145+38% 12 mo to Sep 2024LinkedIn · Jul 2026
37 yr1989
0none in 3 months · last posted Jun 2026

Manufacturer of advanced intermediates and active ingredients for multiple industries

Contract manufacturers
₹880.33 crFY 2024-25
+38%2024–2025
397-0% 12 mo to Aug 2024LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Manufacturer of custom injection molded plastic products

Manufacturing services
₹789.12 crFY 2024-25
+21%2024–2025
569-7% 12 mo to Oct 2023LinkedIn · Jul 2026
39 yr1987
0none in 3 months

Manufacturer of cold rolled stainless steel coils & strips

Manufacturing services
₹744.12 crFY 2024-25
-21%2024–2025
35LinkedIn · Jul 2026
25 yr2001
0none in 3 months

Provider of heavy forgings for industries such as nuclear, refinery, petrochemical, power, shipbuilding, and heavy engineering

Manufacturing services
₹617.85 crFY 2024-25
+22%2024–2025
—Not available
14 yr2012
0none in 3 months

Contract manufacturer of grey and white back boards

Contract manufacturers
₹527.40 crFY 2021-22
+85%2021–2022
68+0% 12 mo to Aug 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Manufacturer of steel billets

Manufacturing services
₹565.68 crFY 2024-25
+48%2024–2025
—Not available
16 yr2010
0none in 3 months

Manufacturer of alloy steel, fasteners, tubes, and solar photovoltaic modules

Manufacturing services
₹564.35 crFY 2024-25
+22%2024–2025
93LinkedIn · Jul 2026
21 yr2005
0none in 3 months

Manufacturer of antique gold jewellery

Contract manufacturers
₹530.75 crFY 2024-25
+62%2024–2025
150+84% 12 mo to Sep 2024LinkedIn · Jul 2026
18 yr2008
1postings · last posted Jul 2026
50 of 1,209 companies shown here · the full list is on Radar
Fliar Radar

Explore all 1,209 industrial goods and manufacturing companies in Gujarat on Radar

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

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  • Every company, not just 50All 1,209 industrial goods and manufacturing companies in Gujarat, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
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Explore industrial goods and manufacturing companies in Gujarat by what you are looking for

Find industrial products manufacturing companies in Gujarat, from automation equipment and packaging machinery to contract manufacturers. You can also browse industrial goods and manufacturing startups in Gujarat and listed manufacturers.

9 ways to explore industrial goods and manufacturing in Gujarat

Industrial automation equipment, motors & valvesPackaging machinery & packaging companiesContract manufacturers & textile, steel and metal producersIndustrial safety & fire safety equipmentIndustrial air conditioning & refrigeration systemsIndustrial marketplaces & manufacturing tech

Industrial automation equipment, motors & valves

Manufacturers of industrial motors, valves, pumps, controllers and automation equipment.

  1. Elecon

    Manufacturer of industrial geared motors, material handling, and mining equipment

    Industrial automation equipment
    See in list
  2. Rotomag

    Manufacturer and supplier of solar powered DC surface and submersible pumps

    Industrial automation equipment
    See in list
  3. Aira Euro Automation

    Manufacturer of industrial valves and automation solutions for clean energy technologies

    Industrial automation equipment
    See in list
  4. Rotomotive

    Manufacturer of diversified motors, pumps, and other products

    Industrial automation equipment
    Website
  5. Gujarat Containers

    Manufacturer of customised barrels for industrial packaging services

    Industrial automation equipment
    Website

Packaging machinery & packaging companies

Packaging, extrusion and printing machine makers plus packaging service providers.

  1. Mamata

    Manufacturer and exporter of packaging machines

    Packaging machinery
    Website
  2. Rajoo

    Manufacturer and supplier of plastic extrusion machines

    Packaging machinery
    Website
  3. Pace Packaging Machines

    Provider of automated bottle unscramblers and conveyor cleaning systems

    Packaging machinery
    Website
  4. Shubham Extrusion

    Manufacturer of blown film extrusion lines and related equipment

    Manufacturing services
    Website
  5. Gujarat Print Pack

    Provider of printing and packaging solutions with a focus on infrastructure and well-implemented standards and procedures

    Packaging machinery
    Website

Contract manufacturers & textile, steel and metal producers

Contract manufacturers and product makers across textiles, metals, jewellery and other goods.

  1. Hari Krishna

    Contract manufacturer of diamonds

    Contract manufacturers
    See in list
  2. Nandan Denim

    Manufacturer & supplier of denims

    Contract manufacturers
    See in list
  3. Jindal textiles

    Manufacturer of textile products

    Contract manufacturers
    See in list
  4. Laxcon Steels

    Integrated stainless steel manufacturer with a focus on bright-bars and more

    Manufacturing services
    See in list
  5. Vishal Fabrics

    Contract manufacturer of denim

    Contract manufacturers
    See in list

Industrial safety & fire safety equipment

Makers of safety equipment, fire fighting systems and safety valves.

  1. Sure Safety

    Manufacturer of industrial safety equipment

    Industrial safety
    Website
  2. Swadeshifire

    Fire safety solutions provider, offering innovative fire fighting equipment, including multipurpose robots, and services

    Industrial safety
    Website
  3. Winco Valves

    Manufacturer of fire fighting equipment and related accessories and components

    Industrial safety
    Website
  4. Globomotive

    Retailer of automotive, chemical, electrical, medical, and safety related products

    Industrial safety
    Website
  5. AEW Valves

    Manufacturer of valves

    Industrial safety
    Website

Industrial air conditioning & refrigeration systems

Manufacturers of industrial HVAC, chillers, coolers and refrigeration equipment.

  1. Ice Make Refrigeration

    Manufacturer of industrial refrigeration system and related products

    Industrial air conditioning systems
    See in list
  2. Raj Cooling Systems

    Manufacturer of domestic and industrial air coolers and fans

    Household durables
    Website
  3. Shah Engineering

    Manufacturer of air conditioner, chillers, and other systems

    Industrial air conditioning systems
    Website
  4. Frozetech Cooling Systems

    Manufacturer of cooling systems and solutions for various industries

    Industrial air conditioning systems
    Website
  5. Anucool India

    Provider of industrial cooling solutions, including chillers, towers, and related services

    Industrial air conditioning systems
    Website

Industrial marketplaces & manufacturing tech

B2B platforms for industrial equipment and technology for manufacturers.

  1. Macpower CNC Machines

    Manufacturer and exporter of CNC machines

    Manufacturing tech
    See in list
  2. Magma

    Provider of integrated industrial marketplace for manufacturers

    Manufacturing tech
    Website
  3. Heavy Equipments

    Online listings for buying/selling and renting heavy construction equipment

    Construction tech
    Website
  4. Alpha-E Barcode solutions

    Provider of ERP software solution for retail, wholesale and distribution

    Enterprise resource planning
    Website
  5. Gridbots

    Robotics manufacturing solutions for industrial use

    Manufacturing tech
    Website

Industrial goods & manufacturing startups in Gujarat

Recently founded industrial goods and manufacturing companies in Gujarat.

  1. Magma

    Provider of integrated industrial marketplace for manufacturers

    Manufacturing tech
    Website
  2. UniGlobus

    Manufacturer of LED drivers, BLDC controllers, and surge protection devices

    Manufacturing services
    Website
  3. Hatimi Exim

    Manufacturer, supplier, and exporter of consumer-based products, including ropes and other industrial materials

    Manufacturing services
    Website
  4. Satyajit Renewable Engineering Pvt

    Biomass Pellet Machine Manufacturer & Supplier in India | Pelleting Machine in India | Satyajit Machineries

    Manufacturing services
    Website
  5. Top Crane System

    Engineering company manufacturing a wide range of material handling equipment

    Manufacturing services
    Website
91 companies in Gujarat

Listed industrial goods & manufacturing companies in Gujarat

Publicly listed industrial and manufacturing companies in Gujarat.

  1. L&T Technology Services

    Provider of software & AI development, cloud, cyber security, and engineering consulting services

    Manufacturing services
    See in list
  2. Nandan Denim

    Manufacturer & supplier of denims

    Contract manufacturers
    See in list
  3. Jindal textiles

    Manufacturer of textile products

    Contract manufacturers
    See in list
  4. Elecon

    Manufacturer of industrial geared motors, material handling, and mining equipment

    Industrial automation equipment
    See in list
  5. Vishal Fabrics

    Contract manufacturer of denim

    Contract manufacturers
    See in list
64 companies in Gujarat

Industrial goods & manufacturing companies hiring in Gujarat

Manufacturers in Gujarat with open roles.

  1. L&T Technology Services

    Provider of software & AI development, cloud, cyber security, and engineering consulting services

    Manufacturing services
    See in list
  2. Sovereign Metals

    Leading gold refinery

    Manufacturing services
    See in list
  3. Elecon

    Manufacturer of industrial geared motors, material handling, and mining equipment

    Industrial automation equipment
    See in list
  4. Nandan Terry

    Internet first brand of casual wear for men and women

    Contract manufacturers
    See in list
  5. CSCI

    Provider of electric steel for motor, transformer, pump and electrical appliance

    Manufacturing services
    See in list
27 companies in Gujarat
Mobile reach

Top 10 industrial goods and manufacturing apps from Gujarat

The most-installed Android apps published by industrial goods and manufacturing companies headquartered in Gujarat — 403K installs between them. 36 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

VastraApp - Textile Management

by VastraApp

Installs160K
Rating—
Installs, year on year+28%
Last updatedMay 2026
View on Google Play ↗
VastraApp - Textile Management screenshot 1VastraApp - Textile Management screenshot 2VastraApp - Textile Management screenshot 3VastraApp - Textile Management screenshot 4VastraApp - Textile Management screenshot 5VastraApp - Textile Management screenshot 6
9

BSL Kavach

by CORE EHS

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

Industrial goods and manufacturing financials in Gujarat

Revenue, profit and growth from the filed annual accounts of 474 industrial goods and manufacturing companies in Gujarat for FY24-25 — 510 of the 1,209 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 30% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹72,252.30 cr

474 companies filing accounts

combined net profit₹4,574.70 cr

6.3% aggregate margin

are profitable88%

419 of 474 companies

median revenue~₹38.7 cr

the typical company

median revenue growth+12%

into FY24-25

earned by the top five30%

revenue concentration

Six-year view

Combined revenue of filing companies

₹45,761.34 crFY19-20388 filers
₹46,722.33 crFY20-21405 filers
₹65,368.01 crFY21-22420 filers
₹70,686.35 crFY22-23449 filers
₹70,423.58 crFY23-24468 filers
₹72,252.30 crFY24-25474 filers

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

Like-for-like

The same 431 companies over three years

+10%
FY22-23₹63,503.59 cr₹3,005.64 cr net
FY23-24₹63,727.37 cr₹3,652.47 cr net
FY24-25₹69,899.30 cr₹4,447.65 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 cr3441% profitable
₹1–10 cr8885% profitable
₹10–100 cr21794% profitable
₹100–1,000 cr12194% profitable
Over ₹1,000 cr1493% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking141
0–20%147
20–50%94
50–100%37
Doubled+36

455 companies with accounts for both years; median growth +12%.

Profitability

Profit is concentrated at the top

419profitable
54loss-making
6.3%aggregate margin
2.4%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
Ashvath Rubber TechASHVATH RUBBER TECH PRIVATE LIMITED
SBRG Clean TechSBRG CLEAN TECH PRIVATE LIMITED+315%₹12.36 cr
TvadarthamTVADARTHAM TECHNOLOGIES PRIVATE LIMITED+288%₹24.86 cr
Flexico ForgeFLEXICO FORGE PRIVATE LIMITED+235%₹13.89 cr
Hatimi EximHATIMI EXIM PRIVATE LIMITED+223%
Herb ElementzHERB ELEMENTZ NATURECEUTICALS PRIVATE LIMITED+166%₹48.13 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
L&T Special Steels and Heavy ForgingsL&T SPECIAL STEELS AND HEAVY FORGINGS PRIVATE LIMITED49.2%₹617.85 cr
Shiva Performance MaterialsSHIVA PERFORMANCE MATERIALS PRIVATE LIMITED43.4%₹807.69 cr
New FieldNEW FIELD INDUSTRIAL EQUIPMENT PRIVATE LIMITED₹65.68 cr
Himalaya MachineHIMALAYA MACHINERY PRIVATE LIMITED
SKP Bearing IndustriesSKP BEARING INDUSTRIES LIMITED24.2%₹53.84 cr
Hitech CADD ServicesHi-tech Digital Solutions Llp23.8%
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Manufacturing services270₹42,127.26 cr~₹53.9 cr90%7.3%
Contract manufacturers51₹19,382.11 cr~₹50.7 cr80%2.6%
Industrial automation equipment71₹5,855.60 cr~₹22.4 cr96%11.5%
Packaging machinery25₹1,468.03 cr~₹24.1 cr92%8.8%
Industrial air conditioning systems5₹1,034.40 cr~₹170.3 cr60%4.4%
Manufacturing tech13₹492.09 cr~₹4.9 cr85%5.9%
Industrial safety8₹167.89 cr~₹10.8 cr75%5.5%
Leaders

Largest industrial goods and manufacturing companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
L&T Technology ServicesL&T TECHNOLOGY SERVICES LIMITED₹9,744.30 cr₹1,220.90 cr12.5%+10%
Hari KrishnaHARI KRISHNA EXPORTS PRIVATE LIMITED₹4,462.95 cr₹91.49 cr2.0%-22%
Nandan DenimNANDAN DENIM LIMITED₹3,554.30 cr₹33.48 cr0.9%+74%
Jindal textilesJINDAL WORLDWIDE LIMITED₹2,227.35 cr₹73.77 cr3.3%+20%
EleconELECON ENGINEERING COMPANY LIMITED₹1,923.99 cr₹340.03 cr17.7%+17%
Laxcon SteelsLAXCON STEELS LIMITED₹1,915.93 cr₹55.43 cr2.9%+7%
Jyoti CNC AutomationJYOTI CNC AUTOMATION LIMITED₹1,631.47 cr₹310.05 cr19.0%+36%
Vishal FabricsVISHAL FABRICS LIMITED₹1,521.43 cr₹23.83 cr1.6%+5%
Nandan TerryNANDAN TERRY LIMITED₹1,454.80 cr₹24.52 cr1.7%-1%
Ahmedabad StripsAHMEDABAD STRIPS PRIVATE LIMITED₹1,128.14 cr₹42.94 cr3.8%-4%
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

Industrial Goods and Manufacturing Landscape of India

The financials above are one chapter. The full industrial goods and manufacturing landscape of Gujarat maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the industrial goods and manufacturing landscape of Gujarat
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Capital & corporate activity

Industrial goods and manufacturing funding and M&A across India

587 recorded equity rounds have gone to 8,956 industrial goods and manufacturing companies in India — how much, at which stage, into which sub-sectors, from whom, and how Gujarat compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months30

US$345.85m

equity rounds, last 24 months84

US$934.83m

raised over five yearsUS$2.73bn

334 rounds in India

M&A deals, Gujarat28

last 24 months

Capital by year

Equity funding into industrial goods and manufacturing in India

amount rounds
$22m201831
$82m201944
$52m202041
$740m202176
$381m202271
$360m202354
$396m202460
$543m202550
$308m202623

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$739.80m across 76 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$8.88m40 rounds · median US$92k
SeedUS$172.87m180 rounds · median US$596k
Series AUS$478.02m67 rounds · median US$4.90m
Series BUS$446.35m21 rounds · median US$20.84m
Series CUS$331.47m7 rounds · median US$40.00m
Series D+US$1.07bn12 rounds · median US$100.00m
Private equityUS$221.90m7 rounds · median US$33.17m
Where the money went · five years

Most-funded sub-sectors

B2b e-commerceUS$946.33m20 rounds · 6 companies
Contract manufacturersUS$498.58m38 rounds · 21 companies
Manufacturing servicesUS$407.20m27 rounds · 18 companies
Manufacturing techUS$285.53m113 rounds · 52 companies
Electronic manufacturing servicesUS$132.84m3 rounds · 2 companies
Aircraft parts and sub component manufacturersUS$97.61m4 rounds · 2 companies
Business intelligenceUS$58.00m2 rounds · 1 companies
Corporate activity · last 24 months

M&A in Gujarat

28Acquisition

Most active acquirers

  1. Evexia lifecare5
  2. Rajoo engineers3
  3. A-1 Ltd3
  4. Nandan denim2
  5. Vishal fabrics2

Most acquired or merged

  1. A-1 sureja industries3
  2. Shaily engineering plastics3
  3. Special Purpose Vehicle (SPV)2
  4. Vittal's MediCare Private Limited2
  5. Opera Air (Narmada) Private Limited1

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

Go deeper in the industrial goods and manufacturing landscape reports:

Industrial Goods and Manufacturing Landscape of India

Industrial goods and manufacturing funding in Gujarat

10 industrial goods and manufacturing companies in Gujarat have recorded equity funding, US$144.67m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Gujarat

Meet the people behind industrial goods and manufacturing companies in Gujarat. 322 of 1,209 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Gujarat industrial goods and manufacturing companies by sub-sector

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

Keep exploring industrial goods and manufacturing in India and nearby markets.

Coming soon