Company lists
The Indore edition · 2026

Industrial goods and manufacturingcompanies in Indore

Manufacturers, packaging, automation, manufacturing software, agri, safety & cooling and more: the companies building industrial goods and manufacturing in Indore, Madhya Pradesh, with their founders, funding, team size and business models.

68 company profiles26 with reported revenue1 with recorded fundingOctober 2026 edition
Indore · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 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: 311 Contracts · 180 M&A deals · 73 funding rounds · 39 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

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 · 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 · 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 · 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
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
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 Indore, by revenue

Browse industrial goods and manufacturing companies in Indore by reported revenue, one-year revenue growth, revenue model, age and stage. The 26 companies below are the largest by their most recent reported revenue among 26 industrial goods and manufacturing companies in Indore, Madhya Pradesh 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 26

Contract manufacturer of textile fabric materials

Contract manufacturers
₹799.94 crFY 2024-25
+17%2024–2025
905+1% 12 mo to Aug 2024LinkedIn · Oct 2026
29 yr1997
6postings · last posted Sep 2026

Provider of engineering sector solutions in mechanical, hydraulic, pneumatic, electrical, and electronics

Manufacturing services
₹437.88 crFY 2024-25
+32%2024–2025
194+629% vs previous recordLinkedIn · Jul 2026
30 yr1996
0none in 3 months

Starch, glucose & dextrose manufacturer

Manufacturing services
₹390.24 crFY 2024-25
+27%2024–2025
380recorded
41 yr1985
0none in 3 months

Supplier of steel and construction materials

Manufacturing services
₹317.48 crFY 2024-25
-1%2024–2025
15LinkedIn · Jul 2026
42 yr1984
0none in 3 months

Manufacturer of TMT bars for the construction industry

Manufacturing services
₹292.64 crFY 2024-25
+5%2024–2025
13LinkedIn · Jul 2026
24 yr2002
0none in 3 months

Manufacturer of corrugated boxes using recycled Kraft paper

Manufacturing services
₹280.43 crFY 2024-25
+14%2024–2025
68LinkedIn · Oct 2026
30 yr1996
0none in 3 months

Manufacturer and exporter of feed plants and related machinery

Manufacturing services
₹244.65 crFY 2024-25
+42%2024–2025
147LinkedIn · Jul 2026
28 yr1998
0none in 3 months · last posted Aug 2025

Manufacturer of components and sub-assemblies made out of copper, specializing in precision engineering

Industrial automation equipment
₹237.30 crFY 2023-24
+18%2023–2024
81+2% 12 mo to Sep 2024LinkedIn · Jul 2026
39 yr1987
0none in 3 months · last posted May 2026

Manufacturer of steel, aluminium & pipe tube cutting

Manufacturing services
₹186.45 crFY 2024-25
+15%2024–2025
109+4% 12 mo to Aug 2024LinkedIn · Oct 2026
41 yr1985
0none in 3 months

Company focused on distribution and supply of industrial automation and electrical products and services

Industrial automation equipment
₹177.34 crFY 2024-25
-7%2024–2025
198LinkedIn · Jul 2026
40 yr1986
0none in 3 months

Manufacturer of plastic processing machinery

Manufacturing services
₹131.12 crFY 2024-25
+3%2024–2025
260+79% 12 mo to Aug 2024recorded Aug 2024
37 yr1989
0none in 3 months · last posted Jul 2026

Manufacturer of agriculture sprayers, fogging machines, and garden tools

Manufacturing services
₹115.01 crFY 2024-25
+37%2024–2025
36LinkedIn · Jul 2026
33 yr1993
0none in 3 months · last posted Jul 2026

Manufacturer of metal cutting band saw

Manufacturing services
₹114.38 crFY 2024-25
-8%2024–2025
—Not available
22 yr2004
0none in 3 months

Provider of thermal insulation services

Manufacturing services
₹107.44 crFY 2024-25
+23%2024–2025
—Not available
18 yr2008
0none in 3 months · last posted Jul 2026

Manufacturer of HVAC and energy-efficient solutions

Industrial air conditioning systems
₹69.93 crFY 2024-25
-7%2024–2025
40+6% 12 mo to Mar 2024LinkedIn · Jul 2026
32 yr1994
0none in 3 months

Retailer of general, raw, industrial, and protective packaging materials

Packaging machinery
₹59.01 crFY 2024-25
+13%2024–2025
34LinkedIn · Jul 2026
18 yr2008
0none in 3 months · last posted Jul 2026

Provider of pharmaceutical and food analysis laboratory services

Manufacturing services
₹41.85 crFY 2024-25
+14%2024–2025
175recorded
44 yr1982
0none in 3 months

Manufacturer of safety and lighting solutions for industrial sectors

Manufacturing services
₹23.58 crFY 2024-25
-28%2024–2025
6LinkedIn · Jul 2026
25 yr2001
0none in 3 months

Manufacturer of valves and valves automation, pneumatic components, mechanical transmission products and industrial tools

Industrial automation equipment
₹18.47 crFY 2024-25
+3%2024–2025
27+8% 12 mo to Sep 2024recorded Sep 2024
29 yr1997
0none in 3 months

Manufacturer of water meters including domestic, industrial, and remote reading types

Manufacturing services
₹14.24 crFY 2024-25
-26%2024–2025
—Not available
3 yr2023
0none in 3 months

Developer of AI-powered web inspection systems for textiles and other materials

Packaging tech
₹4.68 crFY 2024-25
+135%2024–2025
40LinkedIn · Jul 2026
8 yr2018
1postings · last posted Aug 2026

Power electronics manufacturer specializing in design, development, and manufacturing of power electronic products

Electronic manufacturing services
₹4.39 crFY 2024-25
+41%2024–2025
72+28% 12 mo to Mar 2024LinkedIn · Jul 2026
6 yr2020
1postings · last posted Aug 2026

Manufacturer and supplier of metalworking machinery

Manufacturing services
₹4.03 crFY 2024-25
+39%2024–2025
5LinkedIn · Jul 2026
17 yr2009
0none in 3 months

Manufacturer of precision optical components, opto-mechanical components, and optical instruments

Manufacturing services
₹3.60 crFY 2024-25
+118%2024–2025
18LinkedIn · Jul 2026
29 yr1997
0none in 3 months

Provider of robots for material management

Manufacturing tech
₹70.10 lakhFY 2024-25
-71%2024–2025
—Not available
4 yr2022
0none in 3 months
26 of 68 companies shown here · the full list is on Radar
Fliar Radar

Explore all 68 industrial goods and manufacturing companies in Indore on Radar

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

Browse industrial goods and manufacturing companies in Indore grouped by product, from packaging machinery and industrial automation to contract manufacturers. Find industrial product manufacturing companies, startups and listed players.

8 ways to explore industrial goods and manufacturing in Indore

Industrial product manufacturers and contract manufacturersPackaging machinery and packaging companiesIndustrial automation and robotics companiesManufacturing software, ERP and AI inspectionAgricultural, industrial safety and cooling equipmentIndustrial goods and manufacturing startups in Indore

Industrial product manufacturers and contract manufacturers

Manufacturers and exporters of industrial goods, components and materials.

  1. Pratibha Syntex

    Contract manufacturer of textile fabric materials

    Contract manufacturers
    See in list
  2. Tirupati starch & Chemicals

    Starch, glucose & dextrose manufacturer

    Manufacturing services
    See in list
  3. Shivangi

    Manufacturer of TMT bars for the construction industry

    Manufacturing services
    See in list
  4. Worth Peripherals

    Manufacturer of corrugated boxes using recycled Kraft paper

    Manufacturing services
    See in list
  5. Hidustan Equipments

    Manufacturer and exporter of feed plants and related machinery

    Manufacturing services
    See in list

Packaging machinery and packaging companies

Filling, sealing, wrapping and strapping machines plus packaging materials.

  1. Packaging Bazar

    Retailer of general, raw, industrial, and protective packaging materials

    Packaging machinery
    See in list
  2. Robro Systems

    Developer of AI-powered web inspection systems for textiles and other materials

    Packaging tech
    See in list
  3. Importer of Packaging machine

    Manufacturer of strapping, sealing, labeling, and other machines

    Packaging machinery
    Website
  4. Paczora

    Developer of an AI-powered SaaS platform for the packaging industry

    Packaging tech
    Website
  5. Multi packaging

    Provider of printing and packaging solutions

    Packaging machinery
    Website

Industrial automation and robotics companies

Sensors, valves, conveyors, robots and other automation equipment for factories.

  1. Pima

    Company focused on distribution and supply of industrial automation and electrical products and services

    Industrial automation equipment
    See in list
  2. Umang Engineering

    Manufacturer of valves and valves automation, pneumatic components, mechanical transmission products and industrial tools

    Industrial automation equipment
    See in list
  3. Airi-Sense

    Provider of robots for material management

    Manufacturing tech
    See in list
  4. Jsb Automation

    Manufacturer of ultrasonic plastic welding machines, tape cutting machines, and conveyor systems

    Industrial automation equipment
    Website
  5. Techmission

    Leading industrial automation solution company specializing in the design and manufacturing of industrial automation

    Industrial automation equipment
    Website

Manufacturing software, ERP and AI inspection

ERP, MES and vision-based quality inspection software for manufacturers.

  1. Robro Systems

    Developer of AI-powered web inspection systems for textiles and other materials

    Packaging tech
    See in list
  2. Karkhana

    Online ERP software for the manufacturing industry

    Manufacturing tech
    Website
  3. batchmaster india

    BatchMaster Software is one of the market leaders in offering enterprise software solutions for the process manufacturing industries.

    Enterprise resource planning
    Website
  4. A2S Technology

    Platform offering ERP software and solutions for package materials manufactures

    Erp services
    Website
  5. Visheshanconsulting

    Provider of custom vision solutions for automated manufacturing defect detection

    Manufacturing tech
    Website

Agricultural, industrial safety and cooling equipment

Farm machinery, safety products and industrial air cooling systems.

  1. Neptune

    Manufacturer of agriculture sprayers, fogging machines, and garden tools

    Manufacturing services
    See in list
  2. Safety Plus Protection

    Provider of industrial safety products including hand, foot, respiratory, and fall protection

    Industrial safety
    Website
  3. Gour Armoued

    Manufacturer, supplier, and dealer of industrial health and safety products, specializing in personal protective equipment such as bulletproof jackets and helmets

    Industrial safety
    Website
  4. Evo Cool Tech Industrries

    Manufacturer of honeycomb cooling pads for industrial and agricultural applications

    Industrial air conditioning systems
    Website
  5. Sentinel Engineers

    Manufacturer of changeover switches and other electrical equipments

    Manufacturing services
    Website

Industrial goods and manufacturing startups in Indore

Newer manufacturing and industrial technology companies founded recently.

  1. Airi-Sense

    Provider of robots for material management

    Manufacturing tech
    See in list
  2. Mashinbajar

    Buy | Sell| Rental| Second hand Construction Machinery Equipment Online in India -Mashinbajar

    Manufacturing services
    See in list
  3. Karkhana

    Online ERP software for the manufacturing industry

    Manufacturing tech
    Website
  4. RudraX Dynamics

    Manufacturer of mixing kettels, hopper feeders, mixing drum, and other products

    Manufacturing services
    Website
  5. Paczora

    Developer of an AI-powered SaaS platform for the packaging industry

    Packaging tech
    Website
7 companies in Indore

Industrial goods and manufacturing companies hiring in Indore

Manufacturing companies currently recruiting.

  1. Pratibha Syntex

    Contract manufacturer of textile fabric materials

    Contract manufacturers
    See in list
  2. Hidustan Equipments

    Manufacturer and exporter of feed plants and related machinery

    Manufacturing services
    See in list
  3. Vishalfab

    Manufacturer of components and sub-assemblies made out of copper, specializing in precision engineering

    Industrial automation equipment
    See in list
  4. Sai Machine Tools

    Manufacturer of plastic processing machinery

    Manufacturing services
    See in list
  5. Neptune

    Manufacturer of agriculture sprayers, fogging machines, and garden tools

    Manufacturing services
    See in list
11 companies in Indore

Listed industrial goods and manufacturing companies in Indore

Publicly listed manufacturing and industrial companies.

  1. Tirupati starch & Chemicals

    Starch, glucose & dextrose manufacturer

    Manufacturing services
    See in list
  2. Worth Peripherals

    Manufacturer of corrugated boxes using recycled Kraft paper

    Manufacturing services
    See in list
  3. Choksi Laboratories

    Provider of pharmaceutical and food analysis laboratory services

    Manufacturing services
    See in list
  4. itl industries

    ITL Industries is a saw machine manufacturer and exporter.

    Manufacturing services
    Website
  5. GODHA cabcon & insulation

    Manufacturer of AAAC, ACSR, and AAC conductors and A B cables

    Manufacturing services
    Website
6 companies in Indore
The business behind the activity

Industrial goods and manufacturing financials in Indore

Revenue, profit and growth from the filed annual accounts of 28 industrial goods and manufacturing companies in Indore, Madhya Pradesh for FY24-25 — 31 of the 68 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 54% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹4,024.55 cr

28 companies filing accounts

combined net profit₹126.29 cr

3.1% aggregate margin

are profitable96%

27 of 28 companies

median revenue~₹99.3 cr

the typical company

median revenue growth+13%

into FY24-25

earned by the top five54%

revenue concentration

Six-year view

Combined revenue of filing companies

₹1,743.10 crFY19-2025 filers
₹2,388.85 crFY20-2127 filers
₹3,183.01 crFY21-2228 filers
₹3,748.47 crFY22-2330 filers
₹3,805.75 crFY23-2431 filers
₹4,024.55 crFY24-2528 filers

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

Like-for-like

The same 27 companies over three years

+14%
FY22-23₹3,542.37 cr₹84.87 cr net
FY23-24₹3,548.61 cr₹90.37 cr net
FY24-25₹4,023.85 cr₹126.29 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 cr2100% profitable
₹1–10 cr475% profitable
₹10–100 cr8100% profitable
₹100–1,000 cr14100% profitable
Over ₹1,000 cr0—

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

Momentum

How fast revenue moved into FY24-25

Shrinking7
0–20%10
20–50%8
50–100%1
Doubled+2

28 companies with accounts for both years; median growth +13%.

Profitability

Profit is concentrated at the top

27profitable
1loss-making
3.1%aggregate margin
2.8%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
APS EnterprisesAPS ENTERPRISES PRIVATE LIMITED+50%₹158.00 cr
Hidustan EquipmentsHINDUSTAN EQUIPMENTS PRIVATE LIMITED+42%₹244.65 cr
NeptuneNEPTUNE FAIRDEAL PRODUCTS PRIVATE LIMITED+37%₹115.01 cr
Tirupati starch & ChemicalsTIRUPATI STARCH & CHEMICALS LIMITED+27%₹390.24 cr
Deccan DieselsDECCAN SALES & SERVICE PRIVATE LIMITED+26%₹408.25 cr
Shree EngineersSHREE ENGINEERS & CONTRACTORS LIMITED+23%₹107.44 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Siena EngineeringSIENA ENGINEERING PRIVATE LIMITED16.4%₹91.16 cr
Shree EngineersSHREE ENGINEERS & CONTRACTORS LIMITED13.2%₹107.44 cr
Sai Machine ToolsSAI MACHINE TOOLS PVT LTD11.3%₹131.12 cr
Worth PeripheralsWORTH PERIPHERALS LIMITED7.8%₹201.97 cr
ChambalN.B. INDUSTRIES (METERS) PVT LTD7.3%₹14.24 cr
DavesmenindiaDAVESMEN INDIA PRIVATE LIMITED5.7%₹23.58 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Manufacturing services19₹2,845.94 cr~₹115.0 cr100%4.0%
Leaders

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

Company · legal entityRevenueNet resultMarginGrowth
Pratibha SyntexPRATIBHA SYNTEX LIMITED₹776.35 cr₹3.87 cr0.5%+13%
Deccan DieselsDECCAN SALES & SERVICE PRIVATE LIMITED₹408.25 cr₹9.21 cr2.3%+26%
Tirupati starch & ChemicalsTIRUPATI STARCH & CHEMICALS LIMITED₹390.24 cr₹7.54 cr1.9%+27%
Khandelwal AgenciesKHANDELWAL AGENCIES PRIVATE LIMITED₹317.48 cr₹1.61 cr0.5%-1%
ShivangiSHIVANGI ROLLING MILLS PRIVATE LIMITED₹292.64 cr₹6.26 cr2.1%+5%
Hidustan EquipmentsHINDUSTAN EQUIPMENTS PRIVATE LIMITED₹244.65 cr₹7.78 cr3.2%+42%
Worth PeripheralsWORTH PERIPHERALS LIMITED₹201.97 cr₹15.80 cr7.8%+10%
ITLITL INDUSTRIES LIMITED₹186.22 cr₹9.11 cr4.9%+15%
PimaPIMA CONTROLS PVT LTD₹177.34 cr₹5.77 cr3.3%-7%
APS EnterprisesAPS ENTERPRISES PRIVATE LIMITED₹158.00 cr₹1.83 cr1.2%+50%
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 Indore 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 Indore
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 Indore compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months27

US$314.73m

equity rounds, last 24 months82

US$932.07m

raised over five yearsUS$2.73bn

334 rounds in India

M&A deals, India180

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

172Acquisition
6Merger
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.

Go deeper in the industrial goods and manufacturing landscape reports:

Industrial Goods and Manufacturing Landscape of India

Founders and momentum in Indore

Meet the people behind industrial goods and manufacturing companies in Indore. 17 of 68 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Indore industrial goods and manufacturing companies by sub-sector

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

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