Company lists
The Surat edition · 2026

Industrial goods and manufacturingcompanies in Surat

Textiles, manufacturing services, automation, industrial safety, FMCG & consumer goods and more: the companies building industrial goods and manufacturing in Surat, Gujarat, with their founders, funding, team size and business models.

88 company profiles47 with reported revenue1 with recorded fundingOctober 2026 edition
Surat · 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 · 181 M&A deals · 73 funding rounds · 40 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

ContractSupply

John Cockerill India · client: JSW Vijayanagar Metallics

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

Metallics
M&AAcquisition · Announced

Akkodis 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
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
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

Cyient's, $218 million acquisition of TAO Digital is more than a traditional technology services deal.

AI-native data and product engineering
M&AAcquisition · Completed

Cyient acquires Tao Digital

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

Engineering service provider
M&AAcquisition · Announced

Manomay tex india acquires Lov Smart Rj-1

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

Renewable energy generation and transmission
M&AAcquisition · Announced

Akkodis acquires Axiscades

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

Engineering Services
M&AAcquisition · Announced

Parker hannifin acquires Circor international

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

Aerospace and defense
M&AAcquisition · Announced

Parker-Hannifin Corp. acquires Circor international

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

Commercial and defense aerospace
M&AMerger · Announced

Jsw steel acquires Bmm Ispat

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

Steel
M&AAcquisition · Completed

Krishna defence & allied industries acquires Taharabadkar Solutions Pvt Ltd

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

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

Mascot dynamics acquires Amrut Energy Private Limited

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

Solar-powered water pumping systems
M&AAcquisition · Completed

Donaldson company acquires Facet filtration

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

Filtration
ContractSupply

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

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

Smart metering
ContractSupply

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

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

Smart metering
ContractInfrastructure

Praxair india · client: Deepak Chem Tech Limited

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

Chemical
M&AAcquisition · Completed

Jsw one acquires Buildnext

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

Tech-enabled construction
M&AAcquisition · Announced

JSW One Platforms acquires BuildNext Construction Solutions

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

Proptech
FundingMinority investment

Algo8

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

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

Steel exchange india

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

Investors M/s India Coke and Power Private Limited, M/s IMR Steel Private Limited
Steel manufacturing
M&AAcquisition · Announced

Nandan denim acquires Opera Air (Narmada) Private Limited

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

M&AAcquisition · Announced

Nandan denim acquires Opera Vayu (Narmada) Private Limited

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

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 Surat, by revenue

Browse industrial goods and manufacturing companies in Surat by reported revenue, one-year revenue growth, revenue model, age and stage. The 47 companies below are the largest by their most recent reported revenue among 47 industrial goods and manufacturing companies in Surat, Gujarat that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 47

Contract manufacturer of diamonds

Contract manufacturers
₹7,740.85 crFY 2024-25
-2%2024–2025
1,047LinkedIn · Oct 2026
34 yr1992
0none in 3 months

Brand of damond jewellery

Contract manufacturers
₹1,041.38 crFY 2024-25
+454%2024–2025
191LinkedIn · Oct 2026
29 yr1997
0none in 3 months · last posted Mar 2026

Manufacturer of advanced intermediates and active ingredients for multiple industries

Contract manufacturers
₹880.33 crFY 2024-25
+38%2024–2025
428-0% 12 mo to Aug 2024LinkedIn · Oct 2026
13 yr2013
0none in 3 months

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

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

Contract manufacturer of denims

Contract manufacturers
₹382.88 crFY 2024-25
+9%2024–2025
20+33% 12 mo to Jun 2024recorded Jun 2024
14 yr2012
0none in 3 months

Polyester yarn manufacturing company

Manufacturing services
₹244.81 crFY 2024-25
+20%2024–2025
37LinkedIn · Jul 2026
36 yr1990
0none in 3 months

Provider of diversified fabrics manufacturing services

Manufacturing services
₹218.87 crFY 2024-25
-4%2024–2025
343-12% 12 mo to Sep 2024recorded Sep 2024
35 yr1991
0none in 3 months

Manufacturer of packaging cups and other products

Manufacturing services
₹153.19 crFY 2024-25
+27%2024–2025
77LinkedIn · Jul 2026
15 yr2011
1postings · last posted Sep 2026

Brand of casual wear apparel for men and women

Contract manufacturers
₹151.98 crFY 2024-25
+54%2024–2025
12-37% 12 mo to Sep 2024recorded Sep 2024
36 yr1990
0none in 3 months

Brand offering multi category products for women

Contract manufacturers
₹146.99 crFY 2024-25
+59%2024–2025
268LinkedIn · Jul 2026
34 yr1992
0none in 3 months

Manufacturer of rapier and dobby looms

Manufacturing services
₹128.72 crFY 2021-22
+135%2021–2022
—Not available
20 yr2006
0none in 3 months

Manufacturer & wholesaler of baby diapers, sanitary napkins, and hygiene products

Contract manufacturers
₹143.16 crFY 2024-25
+29%2024–2025
4-20% 12 mo to Sep 2024recorded Sep 2024
10 yr2016
0none in 3 months

Manufacturer of release liners with comprehensive local customer service, offering a wide range of products like craft release papers and polyester release film

Manufacturing services
₹142.17 crFY 2024-25
+25%2024–2025
—Not available
16 yr2010
0none in 3 months

Internet first brand of footwear for women and men

Footwear brands
₹139.74 crFY 2024-25
+10%2024–2025
619-4% 12 mo to Sep 2024recorded Sep 2024
31 yr1995
1postings · last posted Aug 2026

Contract manufacturer and supplier of synthetic yarns and fabrics

Contract manufacturers
₹130.36 crFY 2024-25
-32%2024–2025
28-28% 12 mo to Mar 2023recorded Mar 2023
18 yr2008
0none in 3 months

Shish Industries

Manufacturing services
₹119.85 crFY 2024-25
+36%2024–2025
91LinkedIn · Oct 2026
14 yr2012
0none in 3 months

Contract manufacturer of industrial equipment

Auto components
₹114.24 crFY 2024-25
-14%2024–2025
27-4% 12 mo to Sep 2024recorded Sep 2024
35 yr1991
1postings · last posted Oct 2026

Manufacturer of air-to-air heat exchangers for ventilation and thermal management applications

Manufacturing services
₹106.64 crFY 2024-25
-13%2024–2025
—Not available
43 yr1983
0none in 3 months

Manufacturer of diversified industrial automation equipment

Industrial automation equipment
₹103.16 crFY 2024-25
-11%2024–2025
182+22% 12 mo to Sep 2024recorded Sep 2024
29 yr1997
0none in 3 months

Provider of energy efficient product and automation solutions for various industries

Manufacturing services
₹97.73 crFY 2022-23
Not reported
21+33% 12 mo to Sep 2024LinkedIn · Oct 2026
24 yr2002
0none in 3 months

Manufacturer of textile processing machinery and fabric products

Manufacturing services
₹83.29 crFY 2021-22
Not reported
307+12% 12 mo to Sep 2024recorded Sep 2024
36 yr1990
0none in 3 months

Contract based manufacturer of fabrics

Contract manufacturers
₹87.44 crFY 2024-25
-1%2024–2025
—Not available
19 yr2007
0none in 3 months

Manufacturer of particle board products including pre-laminated and plain particle boards

Manufacturing services
₹79.99 crFY 2024-25
-10%2024–2025
—Not available
15 yr2011
0none in 3 months

Manufacturer and supplier of hospitality industry hygiene products

Manufacturing services
₹78.88 crFY 2024-25
+26%2024–2025
343+48% 12 mo to Sep 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months · last posted Jun 2026

Specializing in industrial software solutions, automation services, and IT services

Digital transformation services
₹62.90 crFY 2024-25
+3%2024–2025
463+14% 12 mo to Sep 2024LinkedIn · Jul 2026
25 yr2001
0none in 3 months
47 of 88 companies shown here · the full list is on Radar
Fliar Radar

Explore all 88 industrial goods and manufacturing companies in Surat on Radar

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

Find industrial goods manufacturers and industrial product manufacturing companies in Surat, from textile and fabric makers to automation equipment suppliers. Browse industrial goods companies in Surat by speciality, including listed companies and newer startups.

8 ways to explore industrial goods and manufacturing in Surat

Textile, fabric & garment manufacturersIndustrial product manufacturing servicesIndustrial automation equipment makersIndustrial safety products & EHS solutionsConsumer goods, cosmetics & FMCG manufacturersIndustrial goods & manufacturing startups in Surat

Textile, fabric & garment manufacturers

Contract manufacturers of fabrics, yarn, garments and textile machinery.

  1. Hari Krishna

    Contract manufacturer of diamonds

    Contract manufacturers
    See in list
  2. Gurukrupa Exports

    Brand of damond jewellery

    Contract manufacturers
    See in list
  3. R & B Denims

    Contract manufacturer of denims

    Contract manufacturers
    See in list
  4. Vikram Nuvotech

    Provider of diversified fabrics manufacturing services

    Manufacturing services
    See in list
  5. Ajmera Fashion

    Brand offering multi category products for women

    Contract manufacturers
    See in list

Industrial product manufacturing services

Companies providing industrial product manufacturing, forgings, packaging and other production services.

  1. Aether

    Manufacturer of advanced intermediates and active ingredients for multiple industries

    Contract manufacturers
    See in list
  2. PNR INDUSTRIES

    Polyester yarn manufacturing company

    Manufacturing services
    See in list
  3. Vikram Nuvotech

    Provider of diversified fabrics manufacturing services

    Manufacturing services
    See in list
  4. Cambay Foodservice Packaging

    Manufacturer of packaging cups and other products

    Manufacturing services
    See in list
  5. Premier Looms

    Manufacturer of rapier and dobby looms

    Manufacturing services
    See in list

Industrial automation equipment makers

Makers of automation equipment, electrical panels and machine monitoring systems.

  1. Velox Automation

    Manufacturer of diversified industrial automation equipment

    Industrial automation equipment
    See in list
  2. Asteam Techno Solutions

    Industrial automation solutions company that serves as a single source supplier and solution provider for automation needs

    Industrial automation equipment
    See in list
  3. Trepend

    Provider of software facilitating data analysis and visualization for various sectors

    Manufacturing tech
    Website
  4. Drigya Technology

    Developer of edge AI machine vision cameras for industrial automation

    Edge computing
    Website
  5. Orzu Tech

    Provider of industrial automation, IoT solutions, and textile automation expertise

    Manufacturing tech
    Website

Industrial safety products & EHS solutions

Suppliers of safety equipment, protective clothing and EHS software.

  1. CORE EHS

    Provider of job board and EHS software solutions for enterprises

    Hrtech
    See in list
  2. Redius Solutions

    Distributor of laboratory instruments, portable gas detectors, and testing equipment

    Industrial safety
    Website
  3. Kanchan Fabrics

    Manufacturer of industrial and defense protective clothing and safety garments

    Industrial safety
    Website

Consumer goods, cosmetics & FMCG manufacturers

Manufacturers of cosmetics, personal care and everyday consumer products.

  1. M. D. Hygiene

    Manufacturer & wholesaler of baby diapers, sanitary napkins, and hygiene products

    Contract manufacturers
    See in list
  2. Janki Herbals

    Manufacturer and exporter of private label cosmetics, offering a range of innovative and products including conditioners, skincare, and hair care products

    Contract manufacturers
    See in list
  3. Eximburg

    Provider of customs clearance, foreign trade consulting, and logistics services

    Contract manufacturers
    See in list
  4. Akshar Biovedic

    Manufacturer of custom-formulated cosmetics, providing private label and contract manufacturing

    Flavors and fragrances
    Website
  5. The Rich Daddy International

    Cosmetic manufacturer that offers a range of skin care, hair care, and personal care products to clients

    Contract manufacturers
    Website
14 companies in Surat

Industrial goods & manufacturing startups in Surat

Recently founded manufacturing and industrial technology companies in Surat.

  1. Janki Herbals

    Manufacturer and exporter of private label cosmetics, offering a range of innovative and products including conditioners, skincare, and hair care products

    Contract manufacturers
    See in list
  2. Nish Electromation

    Manufacturer of industrial electrical panels and components

    Industrial automation equipment
    See in list
  3. Haalace Global

    Company providing ores, concentrates, ferro alloys, base metals, minor metals, aluminum scrap, aluminum alloys, and deoxidizers

    Manufacturing services
    See in list
  4. Hardten Precision Technologies

    Provider of precision engineering solutions, offering a range of tools and services for industries

    Manufacturing services
    See in list
  5. Anjali Labtech

    Manufacturer of lab-grown diamonds, CVD systems, and diamond semiconductor materials

    Contract manufacturers
    Website
12 companies in Surat

Industrial goods & manufacturing companies hiring in Surat

Surat manufacturers with open positions.

  1. Gurukrupa Exports

    Brand of damond jewellery

    Contract manufacturers
    See in list
  2. Cambay Foodservice Packaging

    Manufacturer of packaging cups and other products

    Manufacturing services
    See in list
  3. Condor Footwear India

    Internet first brand of footwear for women and men

    Footwear brands
    See in list
  4. Mohit Industries

    Contract manufacturer of industrial equipment

    Auto components
    See in list
  5. Dolphy

    Manufacturer and supplier of hospitality industry hygiene products

    Manufacturing services
    See in list
12 companies in Surat

Listed industrial goods & manufacturing companies in Surat

Publicly listed manufacturers based in Surat.

  1. Aether

    Manufacturer of advanced intermediates and active ingredients for multiple industries

    Contract manufacturers
    See in list
  2. R & B Denims

    Contract manufacturer of denims

    Contract manufacturers
    See in list
  3. TITANIUM TEN

    Contract manufacturer and supplier of synthetic yarns and fabrics

    Contract manufacturers
    See in list
  4. Shish Industries

    Shish Industries

    Manufacturing services
    See in list
  5. Mohit Industries

    Contract manufacturer of industrial equipment

    Auto components
    See in list
7 companies in Surat
Mobile reach

Top 10 industrial goods and manufacturing apps from Surat

The most-installed Android apps published by industrial goods and manufacturing companies headquartered in Surat — 41K installs between them. 10 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
3

BSL Kavach

by CORE EHS

Installs5K
Rating—
Last updatedJun 2026
View on Google Play ↗
BSL Kavach screenshot 1BSL Kavach screenshot 2BSL Kavach screenshot 3BSL Kavach screenshot 4BSL Kavach screenshot 5BSL Kavach screenshot 6
7

AeHousekeeping

by Aether

Installs109
Rating—
Last updatedAug 2023
View on Google Play ↗
AeHousekeeping screenshot 1AeHousekeeping screenshot 2AeHousekeeping screenshot 3AeHousekeeping screenshot 4AeHousekeeping screenshot 5AeHousekeeping screenshot 6
The business behind the activity

Industrial goods and manufacturing financials in Surat

Revenue, profit and growth from the filed annual accounts of 49 industrial goods and manufacturing companies in Surat, Gujarat for FY24-25 — 51 of the 88 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 70% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹10,679.17 cr

49 companies filing accounts

combined net profit₹669.36 cr

6.3% aggregate margin

are profitable84%

41 of 49 companies

median revenue~₹57.0 cr

the typical company

median revenue growth+7%

into FY24-25

earned by the top five70%

revenue concentration

Six-year view

Combined revenue of filing companies

₹10,206.97 crFY19-2039 filers
₹10,180.74 crFY20-2139 filers
₹14,619.83 crFY21-2241 filers
₹13,393.58 crFY22-2344 filers
₹10,420.60 crFY23-2446 filers
₹10,679.17 crFY24-2549 filers

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

Like-for-like

The same 43 companies over three years

-28%
FY22-23₹13,392.98 cr₹368.31 cr net
FY23-24₹10,415.65 cr₹271.18 cr net
FY24-25₹9,613.09 cr₹655.06 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 cr450% profitable
₹1–10 cr683% profitable
₹10–100 cr1984% profitable
₹100–1,000 cr1889% profitable
Over ₹1,000 cr2100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking18
0–20%13
20–50%8
50–100%2
Doubled+5

46 companies with accounts for both years; median growth +7%.

Profitability

Profit is concentrated at the top

41profitable
8loss-making
6.3%aggregate margin
2.1%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
Janki HerbalsJANKI HERBALS PRIVATE LIMITED
SudevSUDEV FASHION PRIVATE LIMITED+130%
Ajmera FashionAJMERA FASHION LIMITED+59%₹146.99 cr
Manisha TextilesMANISHA TEXTILES LIMITED+54%₹151.98 cr
Shish IndustriesSHISH INDUSTRIES LIMITED+45%₹127.99 cr
REM ElectromachREM ELECTROMACH PRIVATE LIMITED
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
L&T Special Steels and Heavy ForgingsL&T SPECIAL STEELS AND HEAVY FORGINGS PRIVATE LIMITED49.2%₹617.85 cr
AetherAETHER INDUSTRIES LIMITED18.3%₹832.83 cr
ROLLSCOAXROLLSCOAX INDIA PRIVATE LIMITED
SSM InfoTech SolutionsS S M INFOTECH SOLUTIONS PRIVATE LIMITED9.5%₹62.90 cr
Ajwa ProjectsAJWA PROJECTS LIMITED
Shish IndustriesSHISH INDUSTRIES LIMITED8.6%₹127.99 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Contract manufacturers19₹8,019.48 cr~₹87.4 cr84%3.8%
Manufacturing services19₹2,098.07 cr~₹78.9 cr84%16.8%
Leaders

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

Company · legal entityRevenueNet resultMarginGrowth
Hari KrishnaHARI KRISHNA EXPORTS PRIVATE LIMITED₹4,462.95 cr₹91.49 cr2.0%-22%
Gurukrupa ExportsGURUKRUPA EXPORT PRIVATE LIMITED₹1,041.38 cr₹12.64 cr1.2%—
AetherAETHER INDUSTRIES LIMITED₹832.83 cr₹152.09 cr18.3%+30%
L&T Special Steels and Heavy ForgingsL&T SPECIAL STEELS AND HEAVY FORGINGS PRIVATE LIMITED₹617.85 cr₹303.89 cr49.2%+22%
Vineet PolyfabVINEET POLYFAB PRIVATE LIMITED₹538.12 cr₹6.40 cr1.2%
R & B DenimsR & B DENIMS LIMITED₹247.97 cr₹20.92 cr8.4%-6%
PNR INDUSTRIESPNR INDUSTRIES LIMITED₹244.81 cr₹12.44 cr5.1%+20%
Vikram NuvotechVIKRAM NUVOTECH INDIA PRIVATE LIMITED₹218.87 cr−₹4.49 cr-2.0%-4%
Mangalam IndustriesMANGALAM INDUSTRIES PRIVATE LIMITED₹164.93 cr₹47.40 lakh-2%
Cambay Foodservice PackagingCAMBAY TECHNOPACK PRIVATE LIMITED₹153.19 cr₹12.45 cr8.1%+27%
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 Surat 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 Surat
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 Surat 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, India181

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

173Acquisition
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 Surat

Meet the people behind industrial goods and manufacturing companies in Surat. 31 of 88 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Surat industrial goods and manufacturing companies by sub-sector

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