Company lists
The Mumbai edition · 2026

Industrial goods and manufacturingcompanies in Mumbai

Manufacturing, automation, packaging, safety & hvac, manufacturing tech and more: the companies building industrial goods and manufacturing in Mumbai, Maharashtra, with their founders, funding, team size and business models.

1,063 company profiles531 with reported revenue23 with recorded fundingSeptember 2026 edition
Mumbai · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent industrial goods and manufacturing business events in Mumbai

Funding, M&A, contract wins and launches involving 1,133 industrial goods and manufacturing companies in Mumbai, last 24 months: 42 M&A deals · 19 Contracts · 7 funding rounds · 6 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
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&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
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
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.

LaunchClimate-control yarn

Alok industries

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

Yarn
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
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
ContractGovernment

Cg power & industrial solutions · client: Income tax department

CG Power & Industrial Solutions: The company receives a Rs 33 crore assessment order from the Income Tax Department for AY 2021–22 and plans to file an appeal against the disallowances…

Government
M&AAcquisition · Announced

Huhtamaki PPL (HPPL) acquires Ajanta packaging

In a bid to further strengthen its label business, Mumbai-based Huhtamaki PPL (HPPL) has entered into a business transfer agreement for the acquisition of Ajanta Packaging in India.

M&AAcquisition

Parksons packaging acquires Manohar Packagings

The first was Manohar Packagings, a specialist producer of packaging for alcoholic beverages with plants in Goa and Rajpura.

Packaging
M&AAcquisition · Rumored

Huhtamaki and Amcor acquires Essel propack

Huhtamaki and Amcor are engaged in negotiations with the promoters of Essel to buy a controlling stake in the company.

Packaging
M&AAcquisition · Announced

Green fin acquires Parksons packaging

US-based private equity firm Warburg Pincus’ affiliate Green Fin Investments BV has acquired a majority stake in Mumbai-based folding carton giant Parksons Packaging.

Folding Carton Packaging
ContractSupply

Heidelberg · client: Parksons packaging

The Mumbai-based packaging converter has signed up with KBA, Heidelberg and Komori for installation of four highly configured offset presses.

Packaging
ContractSupply

Lithrone · client: Parksons packaging

Insight has informed PrintWeek India that Parksons has ordered a brand new Lithrone six colour plus coater press which will be supplied in the second half of financial year 2014-15.

Packaging
ContractSupply

Kba · client: Parksons packaging

The Mumbai-based packaging converter has signed up with KBA, Heidelberg and Komori for installation of four highly configured offset presses.

Packaging
ContractSupply

Komori · client: Parksons packaging

The Mumbai-based packaging converter has signed up with KBA, Heidelberg and Komori for installation of four highly configured offset presses.

Packaging
ContractTechnology

Esko · client: Essel propack

In one of the biggest hardware, software and service agreements concluded at Drupa 2016, Essel Propack will equip all of its major plants located in 14 locations globally with Esko’s…

Hardware, Software, Service
LaunchPlatina 250 lamitubes

Essel propack

Essel Propack’s Platina 250 lamitubes have been recognised by the Association of Plastic Recyclers (APR), USA, as meeting or exceeding the strict APR HDPE critical guidance criteria.

Tube packaging
M&AAcquisition · Completed

Authum investment & infrastructure acquires Bharat wire ropes

NBFC Authum Investment & Infrastructure has acquired additional 2.6 percent equity stake in Bharat Wire Ropes, the steel wire rope manufacturing company, via open market transaction on…

ContractSupply

Crompton greaves · client: Na

Crompton Greaves: Secures ₹445 crore order for solar rooftop systems across 40,000 homes in Andhra Pradesh.

ContractSupply

Aeroflex industries · client: subsidiary of U.S. based corporation

This order has been received by Aeroflex Bellow Division and pertains to the supply of liquid cooling solutions for data centers developed for the subsidiary of U.S. based corporation…

Data center cooling technology
ContractSupply

Basf · client: Galaxy surfactants

BASF has delivered its first shipment of biomasse-balanced BMBCertTM 3-(dimethylamino)propylamine (DMAPA) in Asia Pacific to Galaxy Surfactants Ltd.

Personal Care

Industrial goods and manufacturing companies in Mumbai, by revenue

Browse industrial goods and manufacturing companies in Mumbai by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 531 industrial goods and manufacturing companies in Mumbai, Maharashtra that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

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 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

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

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

Company that specializes in the production and transformation of aluminum alloys

Manufacturing services
₹1,616.82 crFY 2024-25
+30%2024–2025
23LinkedIn · Jul 2026
21 yr2005
0none in 3 months

Importer of tin and lead Ingot products

Manufacturing services
₹1,611.53 crFY 2024-25
+44%2024–2025
27LinkedIn · Jul 2026
22 yr2004
0none in 3 months

Contract manufacturer of sunflower oil

Contract manufacturers
₹1,434.03 crFY 2024-25
+14%2024–2025
204-1% 12 mo to Sep 2024recorded Sep 2024
45 yr1981
0none in 3 months

Manufacturer of steel forgings

Manufacturing services
₹1,201.87 crFY 2022-23
Not reported
429+6% 12 mo to Sep 2024LinkedIn · Jul 2026
56 yr1970
—No postings tracked

Vertically integrated manufacturer of polyester knit textiles and garments

Manufacturing services
₹1,120.25 crFY 2024-25
+11%2024–2025
105LinkedIn · Jul 2026
5 yr2021
0none in 3 months · last posted Nov 2025

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

Manufacturing services
₹1,058.65 crFY 2024-25
+38%2024–2025
17LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Manufacturer of single/ 3 Phase transformers

Manufacturing services
₹951.21 crFY 2022-23
Not reported
434+10% 12 mo to May 2023LinkedIn · Jul 2026
33 yr1993
0none in 3 months
50 of 1,063 companies shown here · the full list is on Radar
Fliar Radar

Explore all 1,063 industrial goods and manufacturing companies in Mumbai 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 Mumbai on Radar
  • Every company, not just 50All 1,063 industrial goods and manufacturing companies in Mumbai, 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.
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Explore industrial goods and manufacturing companies in Mumbai by what you are looking for

Mumbai's industrial goods and manufacturing companies range from contract manufacturers and industrial automation equipment makers to packaging machinery and industrial safety suppliers. Browse industrial goods and manufacturing startups in Mumbai and companies hiring in Mumbai to find the right fit.

8 ways to explore industrial goods and manufacturing in Mumbai

Manufacturing services & contract manufacturersIndustrial automation & equipmentPackaging machinery & packaging technologyIndustrial safety & air conditioning systemsManufacturing technology & B2B industrial e-commerceIndustrial goods and manufacturing startups in Mumbai

Manufacturing services & contract manufacturers

Companies manufacturing products such as metals, textiles and consumer goods on behalf of 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. Galaxy Surfactants

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

    Surfactants
    See in list
  5. Precision Wires

    Manufacturer of winding wires

    Manufacturing services
    See in list

Industrial automation & equipment

Makers of industrial automation equipment, valves, motors and machinery components.

  1. Oswal Valves

    Design and manufacturer of industrial valves

    Industrial automation equipment
    Website
  2. Indus Belts

    Manufacturer of rubber conveyor belts, V-Belts, and transmission belts for various industries

    Industrial automation equipment
    Website
  3. Rotex

    Manufacturer and exporter of fluid control systems and spool valves

    Industrial automation equipment
    Website
  4. Chemtrols

    Provider in the fields of industrial equipment manufacturing and process analytics

    Industrial automation equipment
    Website
  5. Radix Electrosystems Private Limited

    Manufacturer and exporter of process instrumentation products, automation systems, and control panels

    Industrial automation equipment
    Website

Packaging machinery & packaging technology

Manufacturers of packaging machines and materials for other businesses.

  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
    See in list
  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 & air conditioning systems

Manufacturers of fire safety, personal protective equipment and industrial cooling systems.

  1. Tema

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

    Industrial air conditioning systems
    See in list
  2. Electromech Infraprojects

    Provider of multi-technical services

    Industrial safety
    Website
  3. Prijai

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

    Industrial air conditioning systems
    Website
  4. NewAge Fire Protection

    Provider of fire protection services

    Manufacturing services
    Website
  5. Kanex

    Manufacturer and supplier of fire safety products

    Industrial safety
    Website

Manufacturing technology & B2B industrial e-commerce

Software, IoT platforms and online marketplaces serving manufacturers and industrial buyers.

  1. JSW One MSME

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

    Manufacturing tech
    See in list
  2. Bulk MRO

    Online B2B platform for industrial supply

    Scm software
    Website
  3. Stainless Bazaar

    Mobile-based application offering contract manufacturer marketplace for steel products

    Manufacturing tech
    Website
  4. Synergics Solutions

    Developer of enterprise resource planning software for the jewellery industry

    Manufacturing tech
    Website
  5. Claptek

    Digital twin solution for revenue assurance

    Digital twin
    Website

Industrial goods and manufacturing startups in Mumbai

Newer industrial goods and manufacturing companies founded in the last five years.

  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. Hilden Packaging

    Manufacturer of packaging and filling machinery for the beverage and food industries

    Packaging machinery
    Website
  5. XCMart

    Manufacturer of bed and bath linens for hospitality and home textiles

    Logistics tech
    Website
45 companies in Mumbai

Industrial goods and manufacturing companies hiring in Mumbai

Industrial goods and manufacturing companies in Mumbai that are actively hiring.

  1. Galaxy Surfactants

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

    Surfactants
    See in list
  2. Greaves Cotton

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

    Manufacturing services
    See in list
  3. Hindustan Platinum

    Manufacturer of precious metal products

    Manufacturing services
    See in list
  4. Agarwal Industrial

    Manufacturer and transporter of Bitumen and LPG

    Manufacturing services
    See in list
  5. Svgfashions

    Vertically integrated manufacturer of polyester knit textiles and garments

    Manufacturing services
    See in list
26 companies in Mumbai

Publicly listed industrial goods and manufacturing companies in Mumbai

Industrial goods and manufacturing companies in Mumbai that are publicly listed.

  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. Galaxy Surfactants

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

    Surfactants
    See in list
  4. Precision Wires

    Manufacturer of winding wires

    Manufacturing services
    See in list
  5. Alok Industries

    Manufacturer of textiles

    Contract manufacturers
    See in list
74 companies in Mumbai
Mobile reach

Top 10 industrial goods and manufacturing apps from Mumbai

The most-installed Android apps published by industrial goods and manufacturing companies headquartered in Mumbai — 141K installs between them. 29 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

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

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
6

Eurobond Rewards Pro

by Eurobond

Installs7K
Rating—
Last updatedJun 2026
View on Google Play ↗
Eurobond Rewards Pro screenshot 1Eurobond Rewards Pro screenshot 2Eurobond Rewards Pro screenshot 3Eurobond Rewards Pro screenshot 4Eurobond Rewards Pro screenshot 5Eurobond Rewards Pro screenshot 6
The business behind the activity

Industrial goods and manufacturing financials in Mumbai

Revenue, profit and growth from the filed annual accounts of 493 industrial goods and manufacturing companies in Mumbai, Maharashtra for FY24-25 — 548 of the 1,063 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 25% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹119,467.91 cr

493 companies filing accounts

combined net profit₹4,122.89 cr

3.5% aggregate margin

are profitable88%

436 of 493 companies

median revenue~₹61.8 cr

the typical company

median revenue growth+9%

into FY24-25

earned by the top five25%

revenue concentration

Six-year view

Combined revenue of filing companies

₹61,090.40 crFY19-20453 filers
₹65,021.14 crFY20-21480 filers
₹83,569.52 crFY21-22498 filers
₹121,765.90 crFY22-23505 filers
₹117,938.37 crFY23-24511 filers
₹119,467.91 crFY24-25493 filers

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

Like-for-like

The same 469 companies over three years

-1%
FY22-23₹118,019.40 cr₹4,018.00 cr net
FY23-24₹114,430.50 cr₹3,461.55 cr net
FY24-25₹117,418.86 cr₹3,994.63 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 cr2945% profitable
₹1–10 cr6580% profitable
₹10–100 cr20390% profitable
₹100–1,000 cr17797% profitable
Over ₹1,000 cr1989% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking134
0–20%182
20–50%104
50–100%34
Doubled+29

483 companies with accounts for both years; median growth +9%.

Profitability

Profit is concentrated at the top

436profitable
57loss-making
3.5%aggregate margin
3.5%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
StancortubularsSTANCOR TUBULAR PRODUCTS PRIVATE LIMITED+378%₹86.65 cr
hawa valvesHAWA VALVES AND TUBES PVT LTD+256%
Vighnahar EngineersVIGHNAHAR ENGINEERS PRIVATE LIMITED+238%₹28.79 cr
Ardh MetalsARDH METALS AND ALLOYS PRIVATE LIMITED
SujyotiSUJYOTI INDIA PRIVATE LIMITED₹57.20 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
NESCONESCO LIMITED
GB GlobalGB GLOBAL LIMITED37.1%
Industrial Controls & AppliancesINDUSTRIAL CONTROLS AND APPLIANCES PRIVATE LIMITED
Century MarkersCENTURY INKS PVT LTD₹12.80 cr
Nitin Fire ProtectionNITIN FIRE PROTECTION INDUSTRIES LIMITED₹10.41 cr
NRB Industrial BearingsNRB INDUSTRIAL BEARINGS LIMITED27.7%
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Manufacturing services263₹65,298.36 cr~₹92.7 cr94%4.7%
Contract manufacturers80₹32,809.51 cr~₹66.6 cr78%-0.5%
Industrial automation equipment51₹3,868.58 cr~₹26.1 cr94%8.7%
Packaging machinery29₹2,673.57 cr~₹26.2 cr93%5.0%
Industrial air conditioning systems6₹1,026.17 cr~₹119.1 cr100%11.6%
Manufacturing tech21₹989.31 cr~₹5.3 cr62%7.3%
Industrial safety12₹945.87 cr~₹33.4 cr92%8.2%
Packaging tech5₹29.77 cr~₹6.9 cr60%-27.8%
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%
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%
KaramtaraKARAMTARA ENGINEERING LIMITED₹3,115.90 cr₹134.92 cr4.3%+30%
Galaxy SurfactantsGALAXY SURFACTANTS LTD₹3,027.71 cr₹173.82 cr5.7%+9%
Orient RefractoriesRHI MAGNESITA INDIA LIMITED₹2,897.12 cr₹223.00 cr7.7%+2%
HFLHINDUSTAN FOODS LIMITED₹2,752.45 cr₹103.34 cr3.8%+15%
Sheetal GroupSHEETAL MANUFACTURING COMPANY PRIVATE LIMITED₹2,609.35 cr₹50.31 cr1.9%-10%
VVFVVF (INDIA) LIMITED₹2,538.90 cr₹93.79 cr3.7%+31%
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 Mumbai maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

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

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

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 Mumbai 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, Mumbai42

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 Mumbai

38Acquisition
4Merger

Most active acquirers

  1. Parker hannifin8
  2. Jsw one3
  3. Krishna defence & allied industries2
  4. Walking tree2
  5. Huhtamaki PPL (HPPL)2

Most acquired or merged

  1. Essel propack2
  2. Brfl textiles2
  3. Curtis instruments2
  4. Virat industries2
  5. Knit Gallery India Pvt Ltd (KGIPL)2

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

Industrial goods and manufacturing funding in Mumbai

23 industrial goods and manufacturing companies in Mumbai have recorded equity funding, US$357.10m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Mumbai

Meet the people behind industrial goods and manufacturing companies in Mumbai. 337 of 1,063 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Mumbai industrial goods and manufacturing companies by sub-sector

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