Company lists
The Maharashtra edition · 2026

Industrial goods and manufacturingcompanies in Maharashtra

Automation, contract manufacturing, packaging, safety & HVAC, Industry 4.0 & IoT and more: the companies building industrial goods and manufacturing in Maharashtra, with their founders, funding, team size and business models.

2,340 company profiles1,110 with reported revenue43 with recorded fundingSeptember 2026 edition
Maharashtra · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent industrial goods and manufacturing business events in Maharashtra

Funding, M&A, contract wins and launches involving 2,498 industrial goods and manufacturing companies in Maharashtra, last 24 months: 74 Contracts · 57 M&A deals · 13 funding rounds · 12 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
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

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 · 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

Kirloskar pneumatic acquires Systems and Components (India)

Kirloskar Pneumatic Company (KPCL) has acquired balance 44.74% equity shares from the existing Promoter Shareholder of Systems and Components (India) (subsidiary company) on May 4, 2026…

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
ContractService

Tata technologies · client: Vinfast

We've almost completed the development of the two electric vehicles that were outsourced to Tata Technologies on a turnkey basis, and our activities are now transitioning to launch support.

Automotive
ContractTechnology

Tata technologies · client: global EV battery manufacturer

Engineering services major Tata Technologies has secured a major contract to design and develop batteries for a global EV battery manufacturer, the company reported today along with its…

Automotive
LaunchTAL Brabo

TAL Manufacturing Solutions

TAL Manufacturing Solutions, a subsidiary of Tata Motors, today launched its TAL Brabo robot in two variants, with payloads of 2 kilos and 10 kilos, priced between Rs 5-7 lakh.

Industrial-articulated robot
ContractInfrastructure

JNK India · client: JNK Global Co., Ltd.

Wins Major Contract JNK India confirmed it has secured a “major” category order from its promoter entity, JNK Global, for a refinery project in India.

Energy
M&AAcquisition · Completed

Spectrum electrical industries acquires Alric Electric Private Limited

Spectrum Electrical Industries Limited has successfully completed its acquisition of Alric Electric Private Limited, marking a significant milestone in the company's expansion strategy.

Electrical
ContractInfrastructure

NBCC (India) · client: Supertech

Earlier this month, another boost came for NBCC as the Supreme Court upheld the NCLAT order appointing NBCC to complete the 16 stalled housing projects of real estate developer Supertech.

Residential Housing
ContractTechnology

Elcogen · client: JNK India

European electrolyser firm Elcogen announced today it will collaborate with heating equipment supplier JNK India on solid oxide technology opportunities.

Solid oxide technology
ContractGovernment

Viraj profiles · client: Ministry of Steel

Viraj Profiles Pvt. Ltd. has signed a Memorandum of Understanding (MoU) with the Ministry of Steel under the Government of India’s Production Linked Incentive (PLI) framework, marking a…

Steel manufacturing
ContractDefense

Shree refrigerations · client: Indian Navy

Shree Refrigerations Limited (SRL) has secured multiple fresh orders worth more than Rs 40 Crore in last 2 months, from the Indian Navy, reinforcing its strong position in the defence…

Defense
ContractSupply

Mitsu chem plast · client: Arjohuntleigh Polska

Mitsu Chem Plast Limited (BSE: 540078), a leading Indian polymer solutions manufacturer, has entered into a Global Supplier Agreement with Arjohuntleigh Polska, following an extensive…

Healthcare
ContractSupply

Mitsu chem plast · client: Arjohuntleigh Polska Sp. z o.o.

Mitsu Chem Plast Limited has entered into a Global Supplier Agreement with Arjohuntleigh Polska Sp. z o.o., following a year-long validation Process and approvals.

Medical equipment
Contract

RHI AG · client: Orient refractories

Germany’s RHI AG, a leading refractory manufacturer, may acquire Delhi-based Orient Refractories in a transaction valued at about Rs 600 crore, two people close to the development said.

FundingPre-Series A

Zerocircle

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

Materials Science
LaunchClimate-control yarn

Alok industries

Alok is also broadening its specialty polyester offerings with a climate-control yarn that provides inherent thermal comfort

Yarn
ContractSupply

Sany · client: Vale

SANY announces the delivery of the first batch of 136-ton hybrid water trucks to Vale, one of the world's largest iron ore producers.

Mining
ContractService

Shree refrigerations · client: Naval Dockyard, Mumbai

Shree Refrigerations Limited has received an order from Naval Dockyard, Mumbai, for the repair and refurbishment of a 144TR MBC AC plant, with a total contract value of Rs. 3.25 crore.

Defense / HVAC
ContractService

Qdoba Mexican Eats · client: The rose group

Qdoba recently signed a franchise deal with The Rose Group, which operates 55 Applebee’s Grill + Bar restaurants and Shannon Rose Irish Pubs across the Mid-Atlantic. This deal accounts…

Contract

The rose group · client: Qdoba Mexican Eats

The Rose Group: A 35-restaurant agreement spanning Pennsylvania and southern New Jersey.

Fast-casual
ContractSupply

Rishabh instruments · client: leading electrical equipment manufacturer in Europe

Rishabh Instruments Limited, a global provider of energy efficiency solutions, has finalized a significant contract with a leading electrical equipment manufacturer in Europe. The…

Technology
M&AAcquisition · Announced

Walking tree acquires Mohammed Aslam Qudratullah Khan

The open offer is triggered by Walking Tree Technologies' agreement to acquire a 34.76% stake (12,48,000 shares) from the promoter at ₹25 per share. This initial acquisition, valued at…

IT
M&AAcquisition · Announced

Walking tree acquires Octaware technologies

Octaware Technologies Limited has received an open offer from Walking Tree Technologies Private Limited to acquire up to 9,34,400 equity shares, representing 26.02% of the voting…

IT

Industrial goods and manufacturing companies in Maharashtra, by revenue

Browse industrial goods and manufacturing companies in Maharashtra by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 1,110 industrial goods and manufacturing companies in Maharashtra that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

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

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

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

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

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

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 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

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

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 winding wires

Manufacturing services
₹4,035.62 crFY 2024-25
+22%2024–2025
1,750recorded
37 yr1989
0none in 3 months

Online retailer of TMT, steel HR coil, and cement products

Manufacturing tech
₹3,983.39 crFY 2024-25
+180%2024–2025
912-63% 12 mo to Sep 2024LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Manufacturer of textiles

Contract manufacturers
₹3,819.85 crFY 2024-25
-31%2024–2025
3,635-5% 12 mo to Jul 2024LinkedIn · Jul 2026
40 yr1986
0none in 3 months

Manufacturer and supplier of refractory and monolithic products for the iron and steel industry

Manufacturing services
₹3,700.57 crFY 2024-25
-2%2024–2025
93+11% 12 mo to Sep 2024recorded Sep 2024
16 yr2010
0none in 3 months

Manufacturer of convenience foods and personal care products

Food processing
₹3,578.93 crFY 2024-25
+30%2024–2025
1,046+33% 12 mo to Sep 2024LinkedIn · Jul 2026
42 yr1984
0none in 3 months

Manufacturer of steel and alloy products

Manufacturing services
₹3,552.10 crFY 2024-25
Not reported
1,112+9% 12 mo to Oct 2023recorded Oct 2023
37 yr1989
0none in 3 months

Brand of diamond jewelry

Contract manufacturers
₹3,426.28 crFY 2024-25
-24%2024–2025
358+167% 12 mo to May 2021LinkedIn · Jul 2026
41 yr1985
0none in 3 months

Integrated manufacturer of products for renewable energy and transmission lines sectors

Electricity transmission & distribution equipment
₹3,165.36 crFY 2024-25
+30%2024–2025
1,107LinkedIn · Jul 2026
30 yr1996
0none in 3 months

Manufacturer of cleantech powertrain solutions, generator sets, and farm equipment products

Manufacturing services
₹2,697.95 crFY 2023-24
Not reported
2,397-6% 12 mo to Sep 2024LinkedIn · Jul 2026
167 yr1859
2postings · last posted Sep 2026

Manufactures consumer goods and processed food products

Contract manufacturers
₹2,751.92 crFY 2024-25
+25%2024–2025
535-2% 12 mo to Sep 2024recorded Sep 2024
16 yr2010
0none in 3 months

Manufacturer of precious metal products

Manufacturing services
₹2,477.67 crFY 2022-23
Not reported
473+10% 12 mo to Sep 2024LinkedIn · Jul 2026
65 yr1961
5postings · last posted Sep 2026

Manufacturer and transporter of Bitumen and LPG

Manufacturing services
₹2,409.47 crFY 2024-25
+13%2024–2025
6+27% 12 mo to Mar 2023LinkedIn · Jul 2026
31 yr1995
1postings · last posted Sep 2026

Contract manufacturer of diamonds

Contract manufacturers
₹2,405.92 crFY 2024-25
-22%2024–2025
159LinkedIn · Jul 2026
41 yr1985
0none in 3 months

Stainless steel manufacturing company

Manufacturing services
₹2,212.46 crFY 2024-25
+48%2024–2025
62LinkedIn · Jul 2026
21 yr2005
0none in 3 months

Manufacturer of precision-machined and fabricated metal components

Manufacturing services
₹2,100.21 crFY 2024-25
Not reported
1,370LinkedIn · Jul 2026
35 yr1991
1postings · last posted Jul 2026

Manufacturer of renewable energy components and assemblies

Contract manufacturers
₹1,865.10 crFY 2024-25
+23%2024–2025
161+117% 12 mo to Aug 2023LinkedIn · Jul 2026
35 yr1991
0none in 3 months
50 of 2,340 companies shown here · the full list is on Radar
Fliar Radar

Explore all 2,340 industrial goods and manufacturing companies in Maharashtra 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 Maharashtra on Radar
  • Every company, not just 50All 2,340 industrial goods and manufacturing companies in Maharashtra, 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 Maharashtra by what you are looking for

Browse industrial goods and manufacturing companies in Maharashtra, including industrial product manufacturing companies in Pune and across the state. Find makers of automation equipment, packaging machinery, industrial safety products and more.

9 ways to explore industrial goods and manufacturing in Maharashtra

Industrial automation equipment manufacturersContract manufacturers & manufacturing servicesPackaging machinery & packaging companiesIndustrial safety, fire protection & cooling systemsManufacturing technology & industrial IoTTextile, garment & consumer goods manufacturers

Industrial automation equipment manufacturers

Makers of automation systems, valves, actuators, motors, drives and control equipment.

  1. Parker

    Distributor of motion & control technologies

    Industrial automation equipment
    See in list
  2. Honeywell Automation India

    Provider of automation and control systems

    Industrial automation equipment
    See in list
  3. Rishabh

    Manufacturer of test and measuring instruments and industrial control products

    Electronic test equipment
    Website
  4. PIX Transmissions

    Global manufacturer of power transmission belts for diverse industrial applications

    Crop equipment
    Website
  5. LHP Motors

    Manufacturer and supplier of electric motors and gear motors

    Industrial automation equipment
    Website

Contract manufacturers & manufacturing services

Contract manufacturers and factories making products, castings and components for other brands.

  1. Kiran Gems

    Contract manufacturer of natural polished diamonds

    Contract manufacturers
    See in list
  2. PDS

    Contract manufacturer of garments

    Contract manufacturers
    See in list
  3. Viraj

    Manufacturer and supplier of stainless steel products

    Manufacturing services
    See in list
  4. Kirloskar

    Manufacturer of pig iron and iron castings for diverse industries

    Manufacturing services
    See in list
  5. Galaxy Surfactants

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

    Surfactants
    See in list

Packaging machinery & packaging companies

Manufacturers of packaging machines, industrial packaging and sustainable packaging.

  1. Gayatrishakti Paper & Boards

    Manufacturer of packaging paper and boards

    Packaging machinery
    See in list
  2. Pyramid Technoplast

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

    Packaging machinery
    Website
  3. Clear pack India

    Manufacturer of packaging machine solutions

    Packaging machinery
    Website
  4. Pakona Usa

    Manufacturer of diversified packaging machinery

    Packaging machinery
    Website
  5. Parle Global Technologies

    Manufacturer of machines and equipment for packaging solutions

    Packaging machinery
    Website

Industrial safety, fire protection & cooling systems

Fire safety, industrial safety and industrial air conditioning and heat exchange equipment.

  1. Tema

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

    Industrial air conditioning systems
    Website
  2. HD Fire Protect

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

    Industrial safety
    Website
  3. Electromech Infraprojects

    Provider of multi-technical services

    Industrial safety
    Website
  4. Prijai

    Manufacturer of condensers, cooling coils, and system tubing for the HVAC industry

    Industrial air conditioning systems
    Website
  5. NewAge Fire Protection

    Provider of fire protection services

    Manufacturing services
    Website

Manufacturing technology & industrial IoT

Software, IoT and 3D printing for factories, including MES and predictive maintenance.

  1. Videojet

    Manufacturer of industrial inkjets, laser printing and case coding products

    Manufacturing tech
    Website
  2. Imaginarium

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

    Manufacturing tech
    Website
  3. Sarla Technologies

    Engineering and software solution provider

    Manufacturing tech
    Website
  4. Rawmart

    Provider of end-to-end manufacturing solutions for SMEs

    Construction tech
    Website
  5. Delmon Solutions

    Provider of IT service suite solutions

    Iot applications
    Website

Textile, garment & consumer goods manufacturers

Manufacturers of garments, fabric, cosmetics, FMCG products and jewellery.

  1. Kiran Gems

    Contract manufacturer of natural polished diamonds

    Contract manufacturers
    See in list
  2. PDS

    Contract manufacturer of garments

    Contract manufacturers
    See in list
  3. Alok Industries

    Manufacturer of textiles

    Contract manufacturers
    See in list
  4. Sheetal Group

    Brand of diamond jewelry

    Contract manufacturers
    See in list
  5. Sudarshanjeans

    Manufacturer of cotton yarn, denim fabric, and terry towels

    Apparel brands
    See in list

Industrial goods and manufacturing startups in Maharashtra

Recently founded industrial goods and manufacturing companies in Maharashtra.

  1. BCSSL

    Steel processor providing slitting, cut-to-length, embossing, and shearing services

    Manufacturing services
    See in list
  2. Hamon Cooling Systems

    Provider of cooling tower solutions, including design, construction, and refurbishment services

    Manufacturing services
    Website
  3. G Engineering Limited

    Manufacturer of structural and agricultural steel products

    Manufacturing services
    Website
  4. Autocomp India

    Provider of ferrous and non-ferrous forged and precision machined components

    Manufacturing services
    Website
  5. Kv Forge

    Krishanveer Forge Limited | Life's a forge!

    Manufacturing services
    Website
147 companies in Maharashtra

Industrial goods and manufacturing companies hiring in Maharashtra

Industrial and manufacturing companies that are currently recruiting.

  1. Tata Technologies

    Provider of design, product development, and engineering services

    Engineering consulting
    See in list
  2. Galaxy Surfactants

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

    Surfactants
    See in list
  3. Greaves Cotton

    Manufacturer of cleantech powertrain solutions, generator sets, and farm equipment products

    Manufacturing services
    See in list
  4. Hindustan Platinum

    Manufacturer of precious metal products

    Manufacturing services
    See in list
  5. Agarwal Industrial

    Manufacturer and transporter of Bitumen and LPG

    Manufacturing services
    See in list
29 companies in Maharashtra

Listed industrial goods and manufacturing companies in Maharashtra

Publicly listed industrial goods and manufacturing companies.

  1. Parker

    Distributor of motion & control technologies

    Industrial automation equipment
    See in list
  2. PDS

    Contract manufacturer of garments

    Contract manufacturers
    See in list
  3. Kirloskar

    Manufacturer of pig iron and iron castings for diverse industries

    Manufacturing services
    See in list
  4. Tata Technologies

    Provider of design, product development, and engineering services

    Engineering consulting
    See in list
  5. Honeywell Automation India

    Provider of automation and control systems

    Industrial automation equipment
    See in list
118 companies in Maharashtra
Mobile reach

Top 10 industrial goods and manufacturing apps from Maharashtra

The most-installed Android apps published by industrial goods and manufacturing companies headquartered in Maharashtra — 2.3M installs between them. 50 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
2

Parker FittingFinder™

by Parker

Installs48K
Rating2.55247 ratings
Last updatedJun 2024
View on Google Play ↗
Parker FittingFinder™ screenshot 1Parker FittingFinder™ screenshot 2Parker FittingFinder™ screenshot 3Parker FittingFinder™ screenshot 4Parker FittingFinder™ screenshot 5Parker FittingFinder™ screenshot 6
3

EQUIP9™️

by EQUIP9

Installs38K
Rating—
Last updatedApr 2025
View on Google Play ↗
EQUIP9™️ screenshot 1EQUIP9™️ screenshot 2EQUIP9™️ screenshot 3EQUIP9™️ screenshot 4EQUIP9™️ screenshot 5EQUIP9™️ screenshot 6
7

TranZact Lite

by TranZact

Installs21K
Rating—
Last updatedMay 2026
View on Google Play ↗
TranZact Lite screenshot 1TranZact Lite screenshot 2TranZact Lite screenshot 3TranZact Lite screenshot 4TranZact Lite screenshot 5TranZact Lite screenshot 6
8

myWIKA device

by WIKA

Installs15K
Rating—
Last updatedAug 2024
View on Google Play ↗
myWIKA device screenshot 1myWIKA device screenshot 2myWIKA device screenshot 3myWIKA device screenshot 4myWIKA device screenshot 5myWIKA device screenshot 6
The business behind the activity

Industrial goods and manufacturing financials in Maharashtra

Revenue, profit and growth from the filed annual accounts of 1031 industrial goods and manufacturing companies in Maharashtra for FY24-25 — 1,149 of the 2,340 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 18% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹193,106.37 cr

1031 companies filing accounts

combined net profit₹9,546.85 cr

4.9% aggregate margin

are profitable89%

915 of 1031 companies

median revenue~₹39.0 cr

the typical company

median revenue growth+11%

into FY24-25

earned by the top five18%

revenue concentration

Six-year view

Combined revenue of filing companies

₹93,810.32 crFY19-20921 filers
₹98,242.80 crFY20-21981 filers
₹132,780.09 crFY21-221011 filers
₹183,527.68 crFY22-231038 filers
₹187,632.37 crFY23-241056 filers
₹193,106.37 crFY24-251031 filers

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

Like-for-like

The same 955 companies over three years

+6%
FY22-23₹175,839.41 cr₹8,938.04 cr net
FY23-24₹178,100.33 cr₹8,080.83 cr net
FY24-25₹186,218.20 cr₹9,175.85 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 cr7653% profitable
₹1–10 cr20683% profitable
₹10–100 cr42792% profitable
₹100–1,000 cr29297% profitable
Over ₹1,000 cr3093% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking265
0–20%362
20–50%226
50–100%72
Doubled+72

997 companies with accounts for both years; median growth +11%.

Profitability

Profit is concentrated at the top

915profitable
116loss-making
4.9%aggregate margin
3.6%median margin

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

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
Swadeshi Industries and LeasingSwadeshi Industries And Leasing Ltd+542%₹16.76 cr
Viera SeamlessVIERA SEAMLESS PRIVATE LIMITED₹59.79 cr
StancortubularsSTANCOR TUBULAR PRODUCTS PRIVATE LIMITED+378%₹86.65 cr
TridisenoTRIDISENO INDIA LIMITED+284%₹35.83 cr
hawa valvesHAWA VALVES AND TUBES PVT LTD+256%
Vighnahar EngineersVIGHNAHAR ENGINEERS PRIVATE LIMITED+238%₹28.79 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Miltech IndustriesMILTECH INDUSTRIES PRIVATE LIMITED62.2%₹11.09 cr
NESCONESCO LIMITED
GB GlobalGB GLOBAL LIMITED37.1%
Industrial Controls & AppliancesINDUSTRIAL CONTROLS AND APPLIANCES PRIVATE LIMITED
BECTOCHEMBECTOCHEM CONSULTANTS AND ENGINEERS PRIVATE LIMITED30.2%
Century MarkersCENTURY INKS PVT LTD₹12.80 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Manufacturing services560₹116,354.16 cr~₹65.7 cr92%5.5%
Contract manufacturers101₹36,016.30 cr~₹63.3 cr79%-0.3%
Industrial automation equipment148₹13,549.36 cr~₹20.4 cr93%8.3%
Packaging machinery48₹3,192.90 cr~₹16.6 cr92%5.1%
Industrial air conditioning systems15₹1,818.18 cr~₹99.1 cr100%11.1%
Industrial safety21₹1,554.70 cr~₹23.8 cr90%12.4%
Manufacturing tech52₹1,374.45 cr~₹1.4 cr71%7.2%
Auto components5₹506.96 cr~₹48.0 cr100%3.3%
Leaders

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

Company · legal entityRevenueNet resultMarginGrowth
Kiran GemsKIRAN GEMS PRIVATE LIMITED₹10,145.60 cr₹36.16 cr0.4%-21%
VirajVIRAJ PROFILES PRIVATE LIMITED₹8,550.17 cr₹190.48 cr2.2%-1%
Kirloskar, Kirloskar Ferrous IndustriesKIRLOSKAR FERROUS INDUSTRIES LTD₹6,628.60 cr₹317.28 cr4.8%+8%
Kirloskar Oil EnginesKirloskar Oil Engines Limited₹5,147.74 cr₹431.93 cr8.4%+6%
Honeywell Automation IndiaHONEYWELL AUTOMATION INDIA LIMITED₹4,371.70 cr₹523.60 cr12.0%+4%
Precision WiresPRECISION WIRES INDIA LIMITED₹4,035.62 cr₹90.04 cr2.2%+22%
Alok IndustriesALOK INDUSTRIES LIMITED₹3,629.31 cr−₹768.81 cr-21.2%-32%
Sunflag Iron and SteelSUNFLAG IRON AND STEEL CO LTD₹3,552.05 cr₹161.75 cr4.6%+4%
Tata TechnologiesTATA TECHNOLOGIES LIMITED₹3,509.99 cr₹849.12 cr24.2%+12%
KaramtaraKARAMTARA ENGINEERING LIMITED₹3,115.90 cr₹134.92 cr4.3%+30%
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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 Maharashtra 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 Maharashtra
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 Maharashtra 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, Maharashtra57

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 Maharashtra

51Acquisition
6Merger

Most active acquirers

  1. Parker hannifin8
  2. Jsw one3
  3. Tata technologies3
  4. Sunita tools3
  5. Jk paper3

Most acquired or merged

  1. ES-Tec Group2
  2. Essel propack2
  3. Borkar packaging2
  4. Brfl textiles2
  5. Curtis instruments2

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 Maharashtra

43 industrial goods and manufacturing companies in Maharashtra have recorded equity funding, US$475.39m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Maharashtra

Meet the people behind industrial goods and manufacturing companies in Maharashtra. 723 of 2,340 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Maharashtra industrial goods and manufacturing companies by sub-sector

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

Company lists

Company listIndustrial Goods and Manufacturing Companies in Ahmedabad, India276 companiesCompany listIndustrial Goods and Manufacturing Companies in Bengaluru, India478 companiesCompany listIndustrial Goods and Manufacturing Companies in Chennai, India238 companiesCompany listIndustrial Goods and Manufacturing Companies in Gurugram, India117 companiesCompany listIndustrial Goods and Manufacturing Companies in Hyderabad, India165 companiesCompany listIndustrial Goods and Manufacturing Companies in India5,166 companiesCompany listBusiness Services Companies in Maharashtra, India4,037 companiesCompany listConsumer Companies in Maharashtra, India3,442 companiesCompany listRetail Companies in Maharashtra, India3,134 companiesCompany listEnterprise Applications Companies in Maharashtra, India2,967 companiesCompany listConsumer Goods Companies in Maharashtra, India2,433 companiesCompany listFinTech Companies in Maharashtra, India2,072 companiesCompany listHealthcare Companies in Maharashtra, India1,845 companiesCompany listFood and Agriculture Companies in Maharashtra, India1,697 companies
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