Company lists
The Vadodara edition · 2026

Industrial goods and manufacturingcompanies in Vadodara

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

137 company profiles75 with reported revenue1 with recorded fundingOctober 2026 edition
Vadodara · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent industrial goods and manufacturing business events in India

Funding, M&A, contract wins and launches involving 8,956 industrial goods and manufacturing companies in India, last 24 months: 311 Contracts · 180 M&A deals · 73 funding rounds · 40 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

ContractSupply

John Cockerill India · client: JSW Vijayanagar Metallics

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

Metallics
M&AAcquisition · Announced

Akkodis acquires Axiscades

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

Engineering Services
M&AAcquisition · Announced

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

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

Engineering Services
ContractInfrastructure

Inphase Power Technologies · client: Kada Kuppam Area Development Authority

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

Industrial
ContractSupply

Master components · client: Na

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

Industrial Manufacturing
LaunchChassis seal

Parker hannifin

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

Defence and aerospace electronics
M&AAcquisition · Announced

Titon holdings acquires G Pack

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

Industrials
ContractSupply

Texmaco rail & engineering · client: Vedanta aluminium

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

Rail
M&AAcquisition · Announced

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 Vadodara, by revenue

Browse industrial goods and manufacturing companies in Vadodara 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 75 industrial goods and manufacturing companies in Vadodara, 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 50

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

Manufacturing services
₹10,880.10 crFY 2024-25
+10%2024–2025
41,712-6% 12 mo to Nov 2023LinkedIn · Oct 2026
14 yr2012
0none in 3 months · last posted Jul 2026

Provider of toner resins and styrene metallic for the printing and packaging industries

Manufacturing services
₹1,465.71 crFY 2024-25
-44%2024–2025
77+6% 12 mo to Sep 2024LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Provider of electric steel for motor, transformer, pump and electrical appliance

Manufacturing services
₹1,116.52 crFY 2024-25
+5%2024–2025
164LinkedIn · Oct 2026
14 yr2012
0none in 3 months · last posted Jul 2026

Manufacturer of custom injection molded plastic products

Manufacturing services
₹789.12 crFY 2024-25
+21%2024–2025
581-7% 12 mo to Oct 2023LinkedIn · Oct 2026
39 yr1987
0none in 3 months

Manufacturer and exporter of food, textiles, agrochemicals, and auto parts

Manufacturing services
₹549.21 crFY 2024-25
Not reported
125LinkedIn · Oct 2026
23 yr2003
0none in 3 months

Manufacturer of casting and forging products for multiple industries

Manufacturing services
₹492.00 crFY 2024-25
+1%2024–2025
542LinkedIn · Oct 2026
20 yr2006
3postings · last posted Sep 2026

Manufacturer of cables and wires

Manufacturing services
₹439.78 crFY 2024-25
+15%2024–2025
—Not available
43 yr1983
0none in 3 months

Provider of audio news content to radio stations

Contract manufacturers
₹318.55 crFY 2024-25
+30%2024–2025
34+16% 12 mo to Sep 2024LinkedIn · Oct 2026
21 yr2005
0none in 3 months

Manufacturer of CRGO transformer lamination and cores for power and distribution transformers

Manufacturing services
₹233.03 crFY 2021-22
Not reported
313+2% 12 mo to Sep 2024recorded Sep 2024
30 yr1996
3postings · last posted Aug 2026

Company that offers a range of AC and three-phase motors, linear actuators, frequency inverters, fan drives, and pumps

Manufacturing services
₹208.74 crFY 2024-25
+4%2024–2025
124LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Provider of metal processing services

Manufacturing services
₹198.87 crFY 2024-25
+12%2024–2025
27LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Provider of industrial valves, controllers, and solutions for complex process industries

Manufacturing services
₹179.41 crFY 2024-25
+15%2024–2025
232LinkedIn · Jul 2026
23 yr2003
0none in 3 months · last posted Jul 2026

Manufacturer of stainless steel products including wires, billets, and bars, with a focus on quality and exceptional service

Textile machinery
₹175.45 crFY 2024-25
+71%2024–2025
27LinkedIn · Jul 2026
46 yr1980
0none in 3 months

Manufacturer of customised barrels for industrial packaging services

Industrial automation equipment
₹152.01 crFY 2024-25
+7%2024–2025
15LinkedIn · Oct 2026
34 yr1992
0none in 3 months

Provider of pre-engineered building structures and related metal products

Manufacturing services
₹150.64 crFY 2024-25
-11%2024–2025
—Not available
15 yr2011
0none in 3 months

Manufacturer of pipe fittings and piping spools, catering to key infrastructural sectors

Manufacturing services
₹145.59 crFY 2024-25
-22%2024–2025
216LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Manufacturer of submersible motor pumpsets

Manufacturing services
₹135.00 crFY 2024-25
+36%2024–2025
117LinkedIn · Jul 2026
39 yr1987
0none in 3 months · last posted Jun 2026

Provider of machinery, inspection equipment, and other manufacturing services

Manufacturing services
₹129.47 crFY 2024-25
+15%2024–2025
102LinkedIn · Jul 2026
43 yr1983
0none in 3 months

Provider of steel castings, industrial alloys, and crusher bowl liners manufacturing services

Manufacturing services
₹124.75 crFY 2024-25
-6%2024–2025
38LinkedIn · Jul 2026
27 yr1999
0none in 3 months

Provider of manufacturing solutions for aluminum dies and extrusion profiles

Manufacturing services
₹115.18 crFY 2022-23
+14%2022–2023
—Not available
33 yr1993
0none in 3 months

Provider of FRP/GRP cable tray systems and solutions

Manufacturing services
₹100.62 crFY 2024-25
+41%2024–2025
39LinkedIn · Jul 2026
39 yr1987
0none in 3 months

Provider of customized laboratory spaces and MEP solutions for optimizing operational efficiency and profitability

Manufacturing services
₹91.12 crFY 2022-23
Not reported
146+4% 12 mo to Nov 2023LinkedIn · Jul 2026
118 yr1908
0none in 3 months

Best Wire Mesh Manufacturers | #1 SS Wire Mesh Supplier

Manufacturing services
₹91.90 crFY 2024-25
+3%2024–2025
31LinkedIn · Jul 2026
23 yr2003
0none in 3 months · last posted Jun 2026

Manufacturer of industrial safety equipment

Industrial safety
₹76.81 crFY 2021-22
Not reported
294+37% 12 mo to Mar 2024recorded Mar 2024
22 yr2004
—No postings tracked

Manufacturer of PE films for various applications

Manufacturing services
₹69.77 crFY 2024-25
+30%2024–2025
—Not available
14 yr2012
0none in 3 months
50 of 137 companies shown here · the full list is on Radar
Fliar Radar

Explore all 137 industrial goods and manufacturing companies in Vadodara 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 Vadodara on Radar
  • Every company, not just 50All 137 industrial goods and manufacturing companies in Vadodara, 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 Vadodara by what you are looking for

Browse industrial goods and manufacturing companies in Vadodara, from engineering and plastics manufacturers to automation and packaging machinery makers. Find industrial product manufacturing companies, startups and listed firms in Vadodara.

9 ways to explore industrial goods and manufacturing in Vadodara

Engineering & materials manufacturersIndustrial automation & instrumentationPackaging machinery manufacturersContract manufacturersIndustrial safety equipment suppliersElectrical equipment & industrial HVAC

Engineering & materials manufacturers

Manufacturers of plastics, castings, forgings, steel and specialty materials.

  1. L&T Technology Services

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

    Manufacturing services
    See in list
  2. CSCI

    Provider of electric steel for motor, transformer, pump and electrical appliance

    Manufacturing services
    See in list
  3. Shaily Engineering Plastics

    Manufacturer of custom injection molded plastic products

    Manufacturing services
    See in list
  4. Koshambh

    Manufacturer and exporter of food, textiles, agrochemicals, and auto parts

    Manufacturing services
    See in list
  5. SEForge

    Manufacturer of casting and forging products for multiple industries

    Manufacturing services
    See in list

Industrial automation & instrumentation

Control panels, measuring instruments, robotics and automation products.

  1. Gujarat Containers

    Manufacturer of customised barrels for industrial packaging services

    Industrial automation equipment
    See in list
  2. Precise Automation

    Design and manufactures industrial automation products

    Industrial automation equipment
    See in list
  3. Shreeji Traders

    Designs and manufactures industrial electrical systems

    Industrial automation equipment
    See in list
  4. Flowtech Measuring Instruments

    Manufacturer of cutting-edge flow and level measuring instruments

    Industrial automation equipment
    See in list
  5. Unitech

    Manufacturer of automation and instrumentation products, offering indicators, controllers, and monitoring systems

    Industrial automation equipment
    See in list

Packaging machinery manufacturers

Makers of blister, weighing and automatic packaging machines.

  1. Arodo

    Company specializes in designing and producing customer-specific packaging machines for various industries

    Packaging machinery
    See in list
  2. Techno Weigh Systems

    Manufacturer and supplier of industrial weighing and packaging solutions including robotic palletizers, bagging machines, bag palletizers, and bag stitching machines

    Packaging machinery
    See in list
  3. Quintess Micron

    Manufacturer of pharmaceutical blister packaging machinery for capsules, tablets, and liquids

    Packaging machinery
    Website
  4. ABP BESTPACK SYSTEM

    Manufacturer of automatic packaging machines and solutions for biscuit, rusk, cake, and bakery items

    Packaging machinery
    Website
  5. Accurate Machines

    Blister packing machines

    Packaging machinery
    Website

Contract manufacturers

Contract makers of pharma chemicals, cosmetics, perfumes, plastics and electronics.

  1. Evexia Lifecare

    Contract manufacturer of pharma chemicals

    Contract manufacturers
    See in list
  2. Oasis

    Contract manufacturer of cosmetics

    Contract manufacturers
    Website
  3. Aroma De France

    Contract based manufacturer of perfumes, body sprays, deodorants, and other products

    Contract manufacturers
    Website
  4. Vinrox

    Provider of end-to-end electronic manufacturing services

    Electronic manufacturing services
    Website
  5. Bodhi

    Contract based manufacturer of fabrics

    Contract manufacturers
    Website

Industrial safety equipment suppliers

Safety equipment, gas detectors, cables and protective gear suppliers.

  1. Sure Safety

    Manufacturer of industrial safety equipment

    Industrial safety
    See in list
  2. Globomotive

    Retailer of automotive, chemical, electrical, medical, and safety related products

    Industrial safety
    Website
  3. Cable House

    Manufacturer of cable glands, cable lugs, and cable trays

    Industrial safety
    Website
  4. Infini Enterprise

    Provider of industrial safety products including eye, head, hand, and body protection

    Industrial safety
    Website
  5. Meet Safety Services

    Supplier of multi gas detectors, single gas detectors, and fixed gas detectors

    Industrial safety
    Website

Electrical equipment & industrial HVAC

Transmission equipment, switchgear, heat exchangers and industrial cooling makers.

  1. Trafosys

    Provider of cloud-based transformer design optimization software

    Smart grid
    Website
  2. Green Air System

    Manufacturer of ducting products for industrial AC systems

    Industrial air conditioning systems
    Website
  3. Anrgi Tech

    Manufacturer of control panel products

    Manufacturing services
    Website
  4. Chemiquip Industries

    Manufacturer of industrial heat exchangers, pressure vessels, and coolers

    Industrial air conditioning systems
    Website
  5. Akil Electronics Systems

    Manufacturer of high voltage testing equipments

    Manufacturing services
    Website

Engineering consulting & technology services

Engineering design, software and technology service providers for industry.

  1. L&T Technology Services

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

    Manufacturing services
    See in list
  2. Servilink Systems

    Provider of automation solutions for industrial, automobile, and manufacturing sectors

    It services
    See in list
  3. Elecimech

    Provider of IIoT platform connecting industrial machines to cloud infrastructure

    Manufacturing tech
    Website
  4. Stellonyx Technology Services

    Provider of engineering and technology solutions including CAD and MOC

    Engineering consulting
    Website
  5. ISPM-ERP

    Cloud-based FHAT business management software provider

    Enterprise resource planning
    Website

Industrial goods startups in Vadodara

Recently founded industrial and manufacturing companies in Vadodara.

  1. Quality RO Industries

    Manufacturer & supplier of polypropylene raw materials

    Manufacturing services
    See in list
  2. HHG Industries

    Provider of automation and robotics solutions for manufacturing operations

    Manufacturing tech
    Website
  3. Quintess Micron

    Manufacturer of pharmaceutical blister packaging machinery for capsules, tablets, and liquids

    Packaging machinery
    Website
  4. Amenzy Nova

    Manufacturer of pneumatic conveyor systems

    Industrial automation equipment
    Website
  5. Krishna

    Manufacturer and supplier of pipes, fittings, flanges, and welding fittings for various industries

    Manufacturing services
    Website
13 companies in Vadodara

Listed industrial goods companies in Vadodara

Publicly listed industrial and manufacturing companies in Vadodara.

  1. L&T Technology Services

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

    Manufacturing services
    See in list
  2. Shaily Engineering Plastics

    Manufacturer of custom injection molded plastic products

    Manufacturing services
    See in list
  3. Aristo Biotech

    Provider of audio news content to radio stations

    Contract manufacturers
    See in list
  4. Vilas Transcore Ltd

    Manufacturer of CRGO transformer lamination and cores for power and distribution transformers

    Manufacturing services
    See in list
  5. Gujarat Containers

    Manufacturer of customised barrels for industrial packaging services

    Industrial automation equipment
    See in list
9 companies in Vadodara
The business behind the activity

Industrial goods and manufacturing financials in Vadodara

Revenue, profit and growth from the filed annual accounts of 69 industrial goods and manufacturing companies in Vadodara, Gujarat for FY24-25 — 75 of the 137 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 76% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹17,001.56 cr

69 companies filing accounts

combined net profit₹1,702.69 cr

10.0% aggregate margin

are profitable88%

61 of 69 companies

median revenue~₹21.0 cr

the typical company

median revenue growth+13%

into FY24-25

earned by the top five76%

revenue concentration

Six-year view

Combined revenue of filing companies

₹9,219.07 crFY19-2059 filers
₹9,398.50 crFY20-2161 filers
₹12,106.65 crFY21-2262 filers
₹14,465.16 crFY22-2366 filers
₹15,384.14 crFY23-2468 filers
₹17,001.56 crFY24-2569 filers

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

Like-for-like

The same 63 companies over three years

+19%
FY22-23₹14,202.39 cr₹1,238.08 cr net
FY23-24₹15,222.79 cr₹1,621.55 cr net
FY24-25₹16,952.80 cr₹1,696.34 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 cr850% profitable
₹1–10 cr1688% profitable
₹10–100 cr26100% profitable
₹100–1,000 cr1794% profitable
Over ₹1,000 cr250% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking14
0–20%28
20–50%11
50–100%8
Doubled+5

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

Profitability

Profit is concentrated at the top

61profitable
8loss-making
10.0%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
Ashvath Rubber TechASHVATH RUBBER TECH PRIVATE LIMITED
Ultimo EngineersULTIMO CHEMTECH ENGINEERS PRIVATE LIMITED
ArodoARODO INDIA PRIVATE LIMITED
VCare GlobalVCARE ENGINEERING PRIVATE LIMITED
New FieldNEW FIELD INDUSTRIAL EQUIPMENT PRIVATE LIMITED
Maksteel Wire HealdsMAKSTEEL WIRE HEALDS PVT LTD+69%₹173.02 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Shiva Performance MaterialsSHIVA PERFORMANCE MATERIALS PRIVATE LIMITED43.4%₹807.69 cr
New FieldNEW FIELD INDUSTRIAL EQUIPMENT PRIVATE LIMITED
Tcr AdvancedTCR ADVANCED ENGINEERING PRIVATE LIMITED
Ultimo EngineersULTIMO CHEMTECH ENGINEERS PRIVATE LIMITED
Cerec MetalformCEREC METALFORM PRIVATE LIMITED
L&T Technology ServicesL&T TECHNOLOGY SERVICES LIMITED12.5%₹9,744.30 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Manufacturing services48₹15,977.33 cr~₹28.1 cr88%10.4%
Industrial automation equipment9₹298.48 cr~₹16.8 cr100%5.1%
Leaders

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

Company · legal entityRevenueNet resultMarginGrowth
L&T Technology ServicesL&T TECHNOLOGY SERVICES LIMITED₹9,744.30 cr₹1,220.90 cr12.5%+10%
CSCICSCI STEEL CORPORATION INDIA PRIVATE LIMITED₹1,116.52 cr−₹124.44 cr-11.1%+5%
Shiva Performance MaterialsSHIVA PERFORMANCE MATERIALS PRIVATE LIMITED₹807.69 cr₹350.64 cr43.4%+36%
Shaily Engineering PlasticsSHAILY ENGINEERING PLASTICS LIMITED₹745.55 cr₹70.91 cr9.5%+20%
KoshambhKOSHAMBH MULTITRED PVT LTD₹549.21 cr₹18.88 cr3.4%+11%
SEForgeSE FORGE LIMITED₹492.00 cr₹9.87 cr2.0%+1%
SEPL CablesSUYOG ELECTRICALS LIMITED₹439.78 cr₹26.92 cr6.1%+15%
Aristo BiotechARISTO BIO-TECH AND LIFESCIENCE LIMITED₹318.55 cr₹4.06 cr1.3%+30%
HANNING MOTORS INDIAHANNING MOTORS INDIA PRIVATE LIMITED₹208.74 cr−₹35.39 lakh-0.2%+4%
Isko StripISKO STRIP PRIVATE LIMITED₹198.87 cr₹41.96 lakh0.2%+12%
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 Vadodara 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 Vadodara
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 Vadodara compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months27

US$314.73m

equity rounds, last 24 months82

US$932.07m

raised over five yearsUS$2.73bn

334 rounds in India

M&A deals, India180

last 24 months

Capital by year

Equity funding into industrial goods and manufacturing in India

amount rounds
$22m201831
$82m201944
$52m202041
$740m202176
$381m202271
$360m202354
$396m202460
$543m202550
$308m202623

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$739.80m across 76 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$8.88m40 rounds · median US$92k
SeedUS$172.87m180 rounds · median US$596k
Series AUS$478.02m67 rounds · median US$4.90m
Series BUS$446.35m21 rounds · median US$20.84m
Series CUS$331.47m7 rounds · median US$40.00m
Series D+US$1.07bn12 rounds · median US$100.00m
Private equityUS$221.90m7 rounds · median US$33.17m
Where the money went · five years

Most-funded sub-sectors

B2b e-commerceUS$946.33m20 rounds · 6 companies
Contract manufacturersUS$498.58m38 rounds · 21 companies
Manufacturing servicesUS$407.20m27 rounds · 18 companies
Manufacturing techUS$285.53m113 rounds · 52 companies
Electronic manufacturing servicesUS$132.84m3 rounds · 2 companies
Aircraft parts and sub component manufacturersUS$97.61m4 rounds · 2 companies
Business intelligenceUS$58.00m2 rounds · 1 companies
Corporate activity · last 24 months

M&A in India

172Acquisition
5Merger
2Announced

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 Vadodara

Meet the people behind industrial goods and manufacturing companies in Vadodara. 48 of 137 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Vadodara industrial goods and manufacturing companies by sub-sector

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