Company lists
The India edition · 2026

Industrial goods and manufacturingcompanies in India

Manufacturers, automation, contract manufacturing, packaging, safety and more: the companies building industrial goods and manufacturing in India, with their founders, funding, team size and business models.

8,108 company profiles4,435 with reported revenue186 with recorded fundingSeptember 2026 edition
India · Photo: Wikimedia Commons (CC BY-SA 4.0)

Recent industrial goods and manufacturing business events in India

Funding, M&A, contract wins and launches involving 8,956 industrial goods and manufacturing companies in India, last 24 months: 314 Contracts · 186 M&A deals · 74 funding rounds · 40 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

ContractSupply

John Cockerill India · client: JSW Vijayanagar Metallics

John Cockerill India, along with its wholly owned subsidiary -- John Cockerill Metal International SA (JCMI), has secured a contract from JSW Vijayanagar Metallics. The contract involves…

Metallics
M&AAcquisition · Announced

Akkodis acquires Axiscades

Cyril Amarchand Mangaldas acted as lead global legal counsel to AXISCADES Technologies Limited (“ATL”) in connection with the transfer of its business comprising the provision of…

Engineering Services
M&AAcquisition · Announced

Akkodis India Private Limited, Akkodis UK Limited, and Akkodis Inc. acquires Axiscades

Cyril Amarchand Mangaldas acted as lead global legal counsel to AXISCADES Technologies Limited (“ATL”) in connection with the transfer of its business comprising the provision of…

Engineering Services
ContractInfrastructure

Inphase Power Technologies · client: Kada Kuppam Area Development Authority

As part of its continued growth and expansion strategy, InPhase Power Technologies Pvt. Ltd. is pleased to announce its association with the Kada Kuppam Area Development Authority to…

Industrial
ContractSupply

Master components · client: Na

Master Components Limited (MASE.NS) has officially secured a new domestic supply order valued at 4.7 million Indian rupees.

Industrial Manufacturing
LaunchChassis seal

Parker hannifin

Parker Hannifin's Chomerics division has launched a new chassis seal designed to support advanced cooling and reliability requirements in defence and aerospace electronics.

Defence and aerospace electronics
M&AAcquisition · Announced

Titon holdings acquires G Pack

A synergistic acquisition announced, G Pack , which , if they match last yrs £180K pretax profit , seems a good price at £1m.

Industrials
ContractSupply

Texmaco rail & engineering · client: Vedanta aluminium

India's Vedanta Aluminium Metal Limited has awarded Texmaco Rail & Engineering a Rs286m contract to supply a rake of bogie wagons for the transport of alumina, along with a brake van.

Rail
M&AAcquisition · Announced

Manomay tex india acquires Lov Smart Rj-1

Manomay Tex India Ltd has approved the acquisition of a 26 per cent equity stake in Lov Smart Rj-1, a company engaged in renewable energy generation and transmission, as part of its…

Renewable energy generation and transmission
M&AAcquisition · Announced

Cyient acquires TAO Digital Solutions Inc.

Cyient is set to acquire US-based TAO Digital Solutions Inc., an artificial intelligence (AI)-native data and product engineering company, in a transaction that implies an enterprise…

Artificial intelligence (AI)-native data and product engineering
M&AAcquisition · Completed

Cyient acquires Tao Digital

While engineering service provider Cyient bought Tao Digital for $218 million last week

Engineering service provider
M&AAcquisition · Announced

Akkodis acquires Axiscades

The transaction involves Akkodis acquiring 100% of AXISCADES' Engineering Services practice, with the consideration pegged at approximately US$30.63 million.

Engineering Services
M&AAcquisition · Announced

Parker hannifin acquires Circor international

Parker Hannifin Corporation entered into a definitive agreement to purchase the Commercial and Defense Aerospace business of CIRCOR International, Inc. for $2.55 billion in cash.

Aerospace and defense
M&AAcquisition · Announced

Parker-Hannifin Corp. acquires Circor international

Parker-Hannifin Corp. (PH) Thursday announced an agreement to acquire the commercial and defense aerospace of Circor International, Inc. for $2.55 billion.

Commercial and defense aerospace
M&AMerger · Announced

Jsw steel acquires Bmm Ispat

JSW Steel on Thursday said its board has approved raising up to ₹14,000 crore through a mix of non-convertible debentures, warrants and equity-linked instruments, while also clearing the…

Steel
M&AAcquisition · Completed

Krishna defence & allied industries acquires Taharabadkar Solutions Pvt Ltd

KDAIL has completed the acquisition of a 46.81% stake in Taharabadkar Solutions Pvt Ltd (TSPL), a defence-focused startup incorporated on 11th March 2025. The acquisition was completed…

Defence – Smart Weapons & Guided Ammunition Systems
M&AMerger · Completed

Mascot dynamics acquires Amrut Energy Private Limited

Amrut Energy Private Limited, a leading manufacturer of solar-powered water pumping systems, today announced its merger into Mascot Dynamics Private Limited, a diversified engineering…

Solar-powered water pumping systems
M&AAcquisition · Completed

Donaldson company acquires Facet filtration

Donaldson Company has completed its previously announced acquisition of Facet Filtration strengthening its position in technology-led filtration products and solutions.

Filtration
ContractSupply

Hpl electric & power · client: GMR Triveni Smart Meters Limited

HPL Electric & Power Limited secured work orders worth Rs. 242.24 crore from multiple infrastructure companies for the supply of smart meters, strengthening its order book and growth…

Smart metering
ContractSupply

Hpl electric & power · client: GMR Kashi Smart Meters Limited

HPL Electric & Power Limited secured work orders worth Rs. 242.24 crore from multiple infrastructure companies for the supply of smart meters, strengthening its order book and growth…

Smart metering
ContractInfrastructure

Praxair india · client: Deepak Chem Tech Limited

Deepak Chem Tech Limited (DCTL) ... entered into a long‑term agreement with Praxair India ... to establish a hydrogen and carbon monoxide (HyCO) plant.

Chemical
M&AAcquisition · Completed

Jsw one acquires Buildnext

JSW One Platforms Limited, the e-commerce arm of the $24 billion JSW Group, has concluded the acquisition of tech-enabled construction startup BuildNext.

Tech-enabled construction
M&AAcquisition · Announced

JSW One Platforms acquires BuildNext Construction Solutions

IPO-bound B2B marketplace JSW One Platforms has acquired Pidilite Ventures-backed proptech startup BuildNext Construction Solutions as it looks to expand its presence in India's…

Proptech
FundingMinority investment

Algo8

Chemelex has announced a minority investment in Algo8 to accelerate the adoption of artificial intelligence in manufacturing processes.

Investors Chemelex
Artificial intelligence, data analytics, and digital transformation solutions for enterprises
FundingPreferential issue of convertible warrants

Steel exchange india

Steel Exchange India Limited has received an aggregate amount of ₹75 Crore from M/s India Coke and Power Private Limited and M/s IMR Steel Private Limited towards subscription of…

Investors M/s India Coke and Power Private Limited, M/s IMR Steel Private Limited
Steel manufacturing
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

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.

FundingSeed

Intellithink

Intellithink Advanced Hardware & Technology Internet Of Things (IoT) & Hardware B2B $1.8 Mn Seed Pentathlon Ventures, Anicut Capital, Veltis Capital Pentathlon Ventures

Advanced Hardware & Technology
ContractSupply

Elgi equipments · client: Two steel plants

Elgi Equipments Ltd has secured orders from two steel plants for supply of centrifugal air compressors valued at Rs 3.2 crore

M&AAcquisition · Announced

Moschip technologies limited acquires Vayavya labs

MosChip Technologies Limited has approved the acquisition of a 73% stake in Vayavya Labs Private Limited (VLPL) for a total consideration of ₹245.49 crore, the company said in an…

Semiconductor, automotive communication, consumer electronics

Industrial goods and manufacturing companies in India, by revenue

Browse industrial goods and manufacturing companies in India 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 4,435 industrial goods and manufacturing companies in India 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

Distributor of motion & control technologies

Industrial automation equipment
US$19.07bnJun 2023
Not reported
29,714-3% 12 mo to Mar 2024LinkedIn · Jul 2026
109 yr1917
0none in 3 months

Provider of electronics manufacturing services

Direct selling
₹38,880.33 crFY 2024-25
+119%2024–2025
5,188-6% 12 mo to Jul 2024LinkedIn · Jul 2026
33 yr1993
5postings · last posted Sep 2026

Electrical equipment manufacturer

Industrial automation equipment
₹22,081.33 crFY 2024-25
+17%2024–2025
16,106+9% 12 mo to Mar 2024LinkedIn · Jul 2026
43 yr1983
4postings · last posted Aug 2026

Manufacturer and exporter of flexible packaging, printing and converting machines

Packaging machinery
₹15,183.75 crFY 2024-25
+12%2024–2025
—Not available
42 yr1984
0none in 3 months

Contract manufacturer of natural polished diamonds

Contract manufacturers
₹15,099.92 crFY 2024-25
-11%2024–2025
1,249-31% 12 mo to Aug 2024LinkedIn · Jul 2026
41 yr1985
0none in 3 months

Manufacturing platform that connects businesses with a global network of suppliers for custom production

B2b e-commerce
₹12,980.67 crFY 2024-25
-11%2024–2025
2,342-91% 12 mo to Mar 2023LinkedIn · Jul 2026
8 yr2018
4postings · last posted Sep 2026

Contract manufacturer of garments

Contract manufacturers
₹12,627.53 crFY 2024-25
+21%2024–2025
1,175+26% 12 mo to Sep 2024LinkedIn · Jul 2026
27 yr1999
0none in 3 months

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

Original equipment manufacturer for white goods companies

Contract manufacturers
₹10,046.58 crFY 2024-25
+48%2024–2025
1,683+8% 12 mo to Sep 2024LinkedIn · Jul 2026
36 yr1990
1postings · last posted Aug 2026

Manufacturer and supplier of stainless steel products

Manufacturing services
₹8,550.49 crFY 2024-25
-1%2024–2025
2,749+124900% vs previous recordLinkedIn · Jul 2026
34 yr1992
0none in 3 months

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

Provider of intelligent engineering solutions for digital, autonomous, and sustainable industries

Manufacturing services
₹7,457.00 crFY 2024-25
+3%2024–2025
20,574+5% 12 mo to Nov 2023LinkedIn · Jul 2026
35 yr1991
66postings · last posted Sep 2026

Manufacturer of pig iron and iron castings for diverse industries

Manufacturing services
₹6,616.81 crFY 2024-25
+7%2024–2025
1,100recorded
7 yr2019
0none in 3 months

Manufacturer of steel, ferroalloys, and power products

Manufacturing services
₹5,471.71 crFY 2024-25
-1%2024–2025
1,001recorded
27 yr1999
0none in 3 months

Provider of design, product development, and engineering services

Engineering consulting
₹5,292.58 crFY 2024-25
+1%2024–2025
10,188-7% 12 mo to Mar 2024recorded Mar 2024
37 yr1989
89postings · last posted Sep 2026

Manufacturer of wire rods, coils, angles, and other products

Manufacturing services
₹5,222.68 crFY 2024-25
+0%2024–2025
268LinkedIn · Jul 2026
32 yr1994
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 of air and liquid-cooled diesel engines & generator sets

Manufacturing services
₹4,048.71 crFY 2021-22
Not reported
4,222recorded
138 yr1888
—No postings tracked

Manufacturer and exporter of garment

Contract manufacturers
₹4,539.84 crFY 2024-25
+31%2024–2025
2,190+20% 12 mo to Aug 2024LinkedIn · Jul 2026
39 yr1987
0none in 3 months

Manufacturer of high-quality TMT bars

Manufacturing services
₹4,162.96 crFY 2022-23
Not reported
697+12% 12 mo to Sep 2024LinkedIn · Jul 2026
73 yr1953
—No postings tracked

Provider of automation and control systems

Industrial automation equipment
₹4,371.70 crFY 2024-25
+4%2024–2025
3,594recorded
42 yr1984
0none in 3 months

Provider of customized drilling fluid systems and services

Manufacturing services
₹4,290.08 crFY 2024-25
+17%2024–2025
65LinkedIn · Jul 2026
28 yr1998
0none in 3 months

Manufacturer of polyester staple fiber, yarn, and chips

Manufacturing services
₹4,287.96 crFY 2024-25
+11%2024–2025
332LinkedIn · Jul 2026
37 yr1989
0none in 3 months

Manufacturer of surfactants and specialty care ingredients for the home and personal care industry

Surfactants
₹4,249.48 crFY 2024-25
+11%2024–2025
1,791+3% 12 mo to Sep 2024recorded Sep 2024
46 yr1980
1postings · last posted Aug 2026

Manufacturer of electrical and electronic equipment, factory automation systems, and semiconductors

Industrial air conditioning systems
₹4,246.71 crFY 2024-25
+15%2024–2025
1,301LinkedIn · Jul 2026
16 yr2010
1postings · last posted Aug 2026
50 of 8,108 companies shown here · the full list is on Radar
Fliar Radar

Explore all 8,108 industrial goods and manufacturing companies in India on Radar

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

Open industrial goods and manufacturing in India on Radar
  • Every company, not just 50All 8,108 industrial goods and manufacturing companies in India, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
  • Save and exportBuild lists, compare companies side by side and export them from your Radar account.

Explore industrial goods and manufacturing companies in India by what you are looking for

Browse industrial products manufacturing companies in India, from automation equipment and contract manufacturers to packaging machinery and safety gear. Find industrial goods startups and companies that are hiring.

9 ways to explore industrial goods and manufacturing in India

Industrial product manufacturersIndustrial automation & machineryContract manufacturers & electronics makersPackaging machinery & packaging companiesIndustrial safety equipmentIndustrial cooling, energy & process equipment

Industrial product manufacturers

Manufacturers and manufacturing service providers across industrial products.

  1. Zetwerk

    Manufacturing platform that connects businesses with a global network of suppliers for custom production

    B2b e-commerce
    See in list
  2. L&T Technology Services

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

    Manufacturing services
    See in list
  3. Viraj

    Manufacturer and supplier of stainless steel products

    Manufacturing services
    See in list
  4. Cyient

    Provider of intelligent engineering solutions for digital, autonomous, and sustainable industries

    Manufacturing services
    See in list
  5. Kirloskar

    Manufacturer of pig iron and iron castings for diverse industries

    Manufacturing services
    See in list

Industrial automation & machinery

Automation equipment, robotics, valves, pumps and machinery makers.

  1. Honeywell Automation India

    Provider of automation and control systems

    Industrial automation equipment
    See in list
  2. Polyhose

    Manufacturer of industrial and hydraulic hose pipes

    Industrial automation equipment
    Website
  3. FANUC India

    Manufacturer of factory automation offering robotics and CNCs

    Industrial automation equipment
    Website
  4. WPIL

    Manufacturer of industrial pumps

    Industrial automation equipment
    Website
  5. HPL Electric & Power

    Manufacturer of electrical equipment products

    Industrial automation equipment
    Website

Contract manufacturers & electronics makers

Contract and OEM manufacturers, including electronics and garments.

  1. Dixon Technologies

    Provider of electronics manufacturing services

    Direct selling
    See in list
  2. Kiran Gems

    Contract manufacturer of natural polished diamonds

    Contract manufacturers
    See in list
  3. PDS

    Contract manufacturer of garments

    Contract manufacturers
    See in list
  4. Amber Enterprises India

    Original equipment manufacturer for white goods companies

    Contract manufacturers
    See in list
  5. Pearl Global Industries

    Manufacturer and exporter of garment

    Contract manufacturers
    See in list

Packaging machinery & packaging companies

Packaging machines, materials and packaging software.

  1. UFlex

    Manufacturer and exporter of flexible packaging, printing and converting machines

    Packaging machinery
    See in list
  2. Gayatrishakti Paper & Boards

    Manufacturer of packaging paper and boards

    Packaging machinery
    Website
  3. Pyramid Technoplast

    Provider of industrial packaging company that manufactures and markets polymer-based molded products

    Packaging machinery
    Website
  4. Ecoline Exim

    Manufacturer of customizable bags, aprons, pouches, and related textile products

    Packaging tech
    Website
  5. Clear pack India

    Manufacturer of packaging machine solutions

    Packaging machinery
    Website

Industrial safety equipment

Personal protective equipment, fire protection and safety valves.

  1. Mallcom

    Manufacturer of personal protective equipment including safety helmets, gloves, workwear, and footwear

    Industrial safety
    Website
  2. Advance Valves Group

    Manufacturer of safety valves

    Industrial safety
    Website
  3. HD Fire Protect

    Company that specializes in designing, developing, and manufacturing firefighting equipment and systems

    Industrial safety
    Website
  4. KARAM

    Manufacturer of head, respiratory, hearing protection and face shield products

    Industrial safety
    Website
  5. Electromech Infraprojects

    Provider of multi-technical services

    Industrial safety
    Website

Industrial cooling, energy & process equipment

Industrial air conditioning, refrigeration, energy storage and process equipment.

  1. Havells

    Electrical equipment manufacturer

    Industrial automation equipment
    See in list
  2. Paharpur Cooling Towers

    Manufacturer of process cooling equipment

    Industrial air conditioning systems
    See in list
  3. Tema

    Manufacturer of equipment tailored for high-pressure, high-temperature, extremely corrosive, hazardous, and dirty service applications

    Industrial air conditioning systems
    Website
  4. Ice Make Refrigeration

    Manufacturer of industrial refrigeration system and related products

    Industrial air conditioning systems
    Website
  5. KRN Heat Exchanger

    Manufacturer of aluminum and copper fin-and-tube heat exchangers

    Industrial air conditioning systems
    Website

Industrial goods and manufacturing startups in India

Newer industrial goods and manufacturing companies founded in recent years.

  1. Ankur Udyog

    Provider of polyester spun manufacturing solutions

    Manufacturing services
    Website
  2. Metalbook

    B2B platform for metal sourcing, recycling, contract manufacturing, and financing

    Manufacturing tech
    Website
  3. Svgfashions

    Vertically integrated manufacturer of polyester knit textiles and garments

    Manufacturing services
    Website
  4. Mangalam Tubicore

    Manufacturer of stainless steel welded pipes & tubes

    Manufacturing services
    Website
  5. Faridabad Steel

    Wholesale trader of steel sheets, coils, and plates, offering coil cutting services

    Manufacturing services
    Website
729 companies in India

Industrial goods and manufacturing companies hiring in India

Industrial and manufacturing companies currently hiring.

  1. Dixon Technologies

    Provider of electronics manufacturing services

    Direct selling
    See in list
  2. Havells

    Electrical equipment manufacturer

    Industrial automation equipment
    See in list
  3. Zetwerk

    Manufacturing platform that connects businesses with a global network of suppliers for custom production

    B2b e-commerce
    See in list
  4. L&T Technology Services

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

    Manufacturing services
    See in list
  5. Amber Enterprises India

    Original equipment manufacturer for white goods companies

    Contract manufacturers
    See in list
41 companies in India

Listed industrial goods and manufacturing companies

Publicly listed industrial goods and manufacturing companies.

  1. Parker

    Distributor of motion & control technologies

    Industrial automation equipment
    See in list
  2. Dixon Technologies

    Provider of electronics manufacturing services

    Direct selling
    See in list
  3. Havells

    Electrical equipment manufacturer

    Industrial automation equipment
    See in list
  4. PDS

    Contract manufacturer of garments

    Contract manufacturers
    See in list
  5. L&T Technology Services

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

    Manufacturing services
    See in list
307 companies in India
Mobile reach

Top 10 industrial goods and manufacturing apps from India

The most-installed Android apps published by industrial goods and manufacturing companies headquartered in India — 7.6M installs between them. 234 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

bijnis - Retailers Ki App

by Bijnis

Installs2.1M
Rating4.0813K ratings
Last updatedJun 2026
View on Google Play ↗
bijnis - Retailers Ki App screenshot 1bijnis - Retailers Ki App screenshot 2bijnis - Retailers Ki App screenshot 3bijnis - Retailers Ki App screenshot 4bijnis - Retailers Ki App screenshot 5bijnis - Retailers Ki App screenshot 6
4

SHARP COCORO ALBUM

by Sharp

Installs953K
Rating—
Last updatedApr 2026
View on Google Play ↗
SHARP COCORO ALBUM screenshot 1SHARP COCORO ALBUM screenshot 2SHARP COCORO ALBUM screenshot 3SHARP COCORO ALBUM screenshot 4
5

Oakter

by Oakter

Installs196K
Rating4.143K ratings
Installs, year on year+10%
Last updatedOct 2024
View on Google Play ↗
Oakter screenshot 1Oakter screenshot 2Oakter screenshot 3Oakter screenshot 4
6

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
8

Hoffmann Machining Calculator

by Hoffmann

Installs117K
Rating—
Last updatedFeb 2026
View on Google Play ↗
Hoffmann Machining Calculator screenshot 1Hoffmann Machining Calculator screenshot 2Hoffmann Machining Calculator screenshot 3Hoffmann Machining Calculator screenshot 4Hoffmann Machining Calculator screenshot 5
The business behind the activity

Industrial goods and manufacturing financials in India

Revenue, profit and growth from the filed annual accounts of 4163 industrial goods and manufacturing companies in India for FY24-25 — 4,627 of the 8,108 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 9% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹678,348.19 cr

4163 companies filing accounts

combined net profit₹35,549.53 cr

5.2% aggregate margin

are profitable87%

3601 of 4163 companies

median revenue~₹31.1 cr

the typical company

median revenue growth+12%

into FY24-25

earned by the top five9%

revenue concentration

Six-year view

Combined revenue of filing companies

₹353,357.13 crFY19-203657 filers
₹357,744.10 crFY20-213847 filers
₹498,574.12 crFY21-224019 filers
₹629,556.38 crFY22-234152 filers
₹658,975.67 crFY23-244272 filers
₹678,348.19 crFY24-254163 filers

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

Like-for-like

The same 3822 companies over three years

+12%
FY22-23₹580,733.83 cr₹22,849.56 cr net
FY23-24₹597,314.30 cr₹29,609.00 cr net
FY24-25₹650,046.71 cr₹34,717.46 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 cr35045% profitable
₹1–10 cr88681% profitable
₹10–100 cr177592% profitable
₹100–1,000 cr103894% profitable
Over ₹1,000 cr11496% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking1103
0–20%1425
20–50%852
50–100%334
Doubled+312

4026 companies with accounts for both years; median growth +12%.

Profitability

Profit is concentrated at the top

3601profitable
557loss-making
5.2%aggregate margin
2.7%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
Tushi EngineeringTUSHI ENGINEERING PRIVATE LIMITED
Q2Q SolutionsQ2Q SOLUTIONS PRIVATE LIMITED+724%₹20.45 cr
Ashvath Rubber TechASHVATH RUBBER TECH PRIVATE LIMITED
Swadeshi Industries and LeasingSwadeshi Industries And Leasing Ltd+542%₹16.76 cr
Viera SeamlessVIERA SEAMLESS PRIVATE LIMITED₹59.79 cr
RcrispsolutionsRCRISP SOLUTIONS INDIA PRIVATE LIMITED+430%₹24.82 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Miltech IndustriesMILTECH INDUSTRIES PRIVATE LIMITED62.2%₹11.09 cr
Orbit ElectricalsORBIT ELECTRICALS PRIVATE LIMITED61.5%₹109.10 cr
Lohia GroupLOHIA TRADE SERVICES PRIVATE LIMITED60.5%₹78.42 cr
EsteamESTEAM APPAREL SERVICES PRIVATE LIMITED52.8%₹15.41 cr
HINDUSTHAN UDYOGHINDUSTHAN UDYOG LTD₹13.16 cr
L&T Special Steels and Heavy ForgingsL&T SPECIAL STEELS AND HEAVY FORGINGS PRIVATE LIMITED49.2%₹617.85 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Manufacturing services2502₹420,053.59 cr~₹46.5 cr91%5.4%
Contract manufacturers375₹98,037.41 cr~₹41.3 cr81%1.9%
Industrial automation equipment471₹64,736.23 cr~₹22.1 cr91%8.5%
Packaging machinery137₹14,838.29 cr~₹15.5 cr84%3.8%
Industrial air conditioning systems58₹12,238.66 cr~₹27.1 cr97%8.0%
B2b e-commerce13₹8,980.21 cr~₹7.0 cr62%-1.1%
Engineering consulting10₹7,651.83 cr~₹16.9 cr90%18.4%
Industrial safety89₹5,777.47 cr~₹19.6 cr87%10.2%
Leaders

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

Company · legal entityRevenueNet resultMarginGrowth
HavellsHAVELLS INDIA LIMITED₹22,048.28 cr₹1,488.84 cr6.8%+17%
Kiran GemsKIRAN GEMS PRIVATE LIMITED₹10,145.60 cr₹36.16 cr0.4%-21%
L&T Technology ServicesL&T TECHNOLOGY SERVICES LIMITED₹9,744.30 cr₹1,220.90 cr12.5%+10%
ZetwerkZETWERK MANUFACTURING BUSINESSES LIMITED₹8,717.22 cr−₹82.67 cr-0.9%-26%
VirajVIRAJ PROFILES PRIVATE LIMITED₹8,550.17 cr₹190.48 cr2.2%-1%
UFlexUFLEX LIMITED₹7,809.60 cr₹214.45 cr2.7%+17%
Amber Enterprises IndiaAMBER ENTERPRISES INDIA LIMITED₹6,825.78 cr₹135.31 cr2.0%+47%
Kirloskar, Kirloskar Ferrous IndustriesKIRLOSKAR FERROUS INDUSTRIES LTD₹6,628.60 cr₹317.28 cr4.8%+8%
Ravindra HeraeusRAVINDRA HERAEUS PRIVATE LIMITED₹5,894.04 cr₹230.47 cr3.9%+188%
Dixon TechnologiesDIXON TECHNOLOGIES (INDIA) LIMITED₹5,467.37 cr₹565.90 cr10.4%-15%
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Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

Industry landscape report

Industrial Goods and Manufacturing Landscape of India

The financials above are one chapter. The full industrial goods and manufacturing landscape of India 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 India
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

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 India 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, India186

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 India

176Acquisition
8Merger
1Takeover

Most active acquirers

  1. Parker hannifin8
  2. Cyient7
  3. Amber enterprises india7
  4. Circor international7
  5. Dixon technologies7

Most acquired or merged

  1. Axiscades3
  2. Gupta Power Infrastructure3
  3. A-1 sureja industries3
  4. Shaily engineering plastics3
  5. Altek electronics3

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

Industrial goods and manufacturing funding in India

186 industrial goods and manufacturing companies in India have recorded equity funding, US$3.21bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in India

Meet the people behind industrial goods and manufacturing companies in India. 2,776 of 8,108 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore India industrial goods and manufacturing companies by sub-sector

The most common specialisations among industrial goods and manufacturing companies in India. 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