Company lists
The India edition · 2026

Internet of things - industry applicationscompanies in India

Smart home, IoT platforms, wearables, security, energy & buildings and more: the companies building internet of things - industry applications in India, with their founders, funding, team size and business models.

1,736 company profiles751 with reported revenue290 with recorded fundingSeptember 2026 edition
India · Photo: Wikimedia Commons (CC BY-SA 4.0)

Recent internet of things - industry applications business events in India

Funding, M&A, contract wins and launches involving 2,456 internet of things - industry applications companies in India, last 24 months: 49 funding rounds · 22 Contracts · 13 M&A deals · 6 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

FundingPre-Series A

Impensus Electronics

Deep tech startup Impensus Electronics has raised ₹16 million in a Pre-Series A funding round to support the expansion of its agricultural technology solutions aimed at reducing…

Investors angel investors associated with the Chennai chapter of Keiretsu Forum, IN44 Capital
Agricultural Technology
FundingSeries A

Aurm

Aurm Raises ₹42 Cr in Series A Round Bank locker infrastructure startup Aurm has raised ₹42 crore in a Series A round co-led by Earth Fund and Sattva Ventures, with participation from…

Bank locker infrastructure
Funding

Ultrahuman

On the other hand, Ultrahuman continues to lead the health wearable space with a $48 million round, helping people track their metabolism in real-time.

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
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
FundingPre-Series A

Aliste technologies

Aliste Technologies Clean Tech - B2C $3.2 Mn Pre-Series A Big Global JSC, YourNest Venture Capital, Hbeon Labs Big Global JSC

Investors Big Global JSC, YourNest Venture Capital, Hbeon Labs
Clean Tech
M&AAcquisition · Completed

Thermax acquires Exactspace

Thermax confirmed completion of its acquisition of a 35.83 percent stake in Exactspace Technologies Private Limited, taking its overall shareholding to 51 percent on a fully diluted basis.

Funding

Proxgy

"Proxgy raised $210,000,"

Investors Na
ContractService

Ceinsys tech · client: Indian Space Research Organisation

Ceinsys Tech has announced the receipt of a significant service order from the Indian Space Research Organisation (ISRO) valued at Rs 3,24,50,000, inclusive of GST.

Technology
Funding

Living things

Spadel has invested in UK beverage company Living Things through its venture capital arm, The Source Ventures, as part of a new funding round aimed at accelerating growth.

Investors Spadel
Funding

Drink Prime

Drink Prime, a water purifier subscription service, has raised $2.2 million from Artha Continuum Fund and Mirabilis Investment Trust, according to a company statement.

Investors Artha Continuum Fund, Mirabilis Investment Trust
Watertech
M&AAcquisition · Announced

Thermax acquires Exactspace

Thermax Limited has entered into definitive agreements to raise its stake in Exactspace Technologies Private Limited to 51% on a fully diluted basis, converting the artificial…

M&AAcquisition · Announced

Asm technologies acquires Myelin foundry

ASM Technologies announced that it has signed a definitive agreement to acquire 20% stake in Myelin Foundry

FundingBlended equity and debt

Statiq

Statiq has raised approximately $18 million in a blended equity and debt round, signalling renewed investor interest in India’s electric vehicle infrastructure sector after a prolonged…

Investors Tenacity Ventures, Y combinator, Shell Ventures, RCD Holdings
Electric vehicle infrastructure
FundingSeed

Six Sense Mobility

Six Sense Mobility Consumer > Road Transport Tech Delhi $4.8M Seed Piper Serica

Investors Piper Serica
Road Transport Tech
M&AAcquisition · Announced

Genus Power Infrastructures acquires Newlectric Innovation Pvt Ltd

Genus Power said that on January 20, 2026, it entered into an agreement to acquire around 34.35 lakh equity shares of Newlectric Innovation, representing 86.49 per cent of its equity…

Smart Electricity Meters Manufacturing
FundingSeed

Noise

On January 14, Noise officially announced the completion of a $7.1 million seed round of financing. This round was led by renowned venture capital firm Paradigm, with participation from…

ContractSupply

Aimtron · client: Aurassure

Aimtron Electronics Limited has entered into an original equipment manufacturing engagement with climate technology firm Aurassure to produce IoT enabled weather and environmental…

Technology
FundingSeries B

Smart joules

Smart Joules raised $10 Mn in Series B funding led by Neev II Fund

Investors Neev II Fund
Climate tech energy efficiency
Funding

Atomberg

Consumer appliances maker Atomberg has secured fresh funding

Investors Na
Consumer appliances maker
ContractService

Ceinsys tech · client: Maharashtra Remote Sensing Application Centre

Ceinsys Tech Ltd received a domestic work order from the Maharashtra Remote Sensing Application Centre (MRSAC) for detailed soil survey and mapping under the National Soil Mapping…

FundingStrategic investment

Nimble vision

The investment has been made in Nimble Vision, a Bengaluru-based DeepTech startup developing advanced indigenous technologies for water conservation, automation, and real-time analytics.

Investors Va tech wabag
DeepTech Water Technology
LaunchEnvizom

Oizom

Envizom, Oizom’s Advanced Environmental Intelligence Platform, has undergone a powerful transformation. Initially designed only for Oizom products, Envizom has since evolved into a…

Environmental Intelligence Platform
ContractTechnology

Trident Techlabs · client: Stesalit systems

Trident Techlabs Limited has received a Letter of Award from Stesalit Systems Limited.

Government
LaunchFasalJet system

Fasal

Their recent product, the FasalJet system, automates these actions to ensure consistent farm management despite labor constraints.

Automation platform
FundingSeries B

Intangles

Pune-based deep tech company Intangles has secured a fresh USD 30 million in its Series B funding round, led by Avataar Venture Partners with follow-on support from Baring India Private…

Investors Avataar Venture Partners, Baring India Private Equity, Cactus Partners
Automotive AI / Predictive Vehicle Intelligence

Internet of things - industry applications companies in India, by revenue

Browse internet of things - industry applications companies in India 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 751 internet of things - industry applications companies in India 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 smart metering products for the electricity and gas industries

Facility management tech
₹2,819.82 crFY 2024-25
+14%2024–2025
3,926LinkedIn · Jul 2026
39 yr1987
9postings · last posted Sep 2026

Manufacturer of smart meters, hybrid microcircuits, and power distribution management

Smart grid
₹2,524.59 crFY 2024-25
+98%2024–2025
3,835+65% 12 mo to Mar 2024LinkedIn · Jul 2026
34 yr1992
1postings · last posted Jul 2026

Consumer durables company

Household durables
₹2,094.74 crFY 2022-23
Not reported
9,944-32% 12 mo to Jun 2023LinkedIn · Jul 2026
44 yr1982
5postings · last posted Aug 2026

Provider of payment solutions, communication services, and IoT-enabled RFID technologies

Payments
₹1,473.62 crFY 2024-25
Not reported
397-25% 12 mo to Nov 2018LinkedIn · Jul 2026
33 yr1993
0none in 3 months

Manufacturer of water purifiers and other related products

Waste & water management
₹1,311.70 crFY 2024-25
+4%2024–2025
513-8% 12 mo to Mar 2024recorded Mar 2024
27 yr1999
2postings · last posted Jul 2026

Provider of face attendance systems, vehicle cameras, and video call platforms

Computer vision
₹1,109.14 crFY 2022-23
Not reported
91-8% 12 mo to Mar 2024LinkedIn · Jul 2026
22 yr2004
0none in 3 months

Manufacturer of energy efficient ceiling fans kitchen appliances smart locks

Smart homes
₹1,000.86 crFY 2024-25
+21%2024–2025
1,422+14% 12 mo to Sep 2024LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Provider of data center, cloud, AI, and cybersecurity infrastructure services

Data center infrastructure
₹900.84 crFY 2024-25
+94%2024–2025
1,152+83% 12 mo to Aug 2024LinkedIn · Jul 2026
7 yr2019
1postings · last posted Sep 2026

Retailer of personal audio, wearable, and mobile accessory products

Consumer electronics e-commerce
₹763.59 crFY 2024-25
+9%2024–2025
234LinkedIn · Jul 2026
9 yr2017
2postings · last posted Jul 2026

Provider of solutions for solar street lights

Energy efficiency tech
₹676.80 crFY 2024-25
+91%2024–2025
2-54% 12 mo to Sep 2024LinkedIn · Jul 2026
22 yr2004
0none in 3 months

Provider of wearable health trackers and metabolic monitoring hardware devices

Consumer electronics e-commerce
₹580.79 crFY 2024-25
+436%2024–2025
490+89% 12 mo to Sep 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months · last posted Mar 2026

Online brand offering home appliances

Smart homes
₹578.88 crFY 2024-25
Not reported
1,103-41% 12 mo to May 2024LinkedIn · Jul 2026
16 yr2010
0none in 3 months · last posted Jun 2026

Provider of GPS IoT enabled tracking solutions

Wearable technology
₹515.69 crFY 2024-25
+23%2024–2025
1,092+14% 12 mo to Sep 2024recorded Sep 2024
31 yr1995
0none in 3 months

Provider of smart technology, consultancy, and analytics solutions in the geospatial and engineering domains

Smart cities
₹429.72 crFY 2024-25
+67%2024–2025
950+60% 12 mo to Aug 2024recorded Aug 2024
28 yr1998
0none in 3 months

Chain of limited service restaurant serving tea and snacks

Food service chains
₹234.70 crFY 2024-25
+12%2024–2025
584LinkedIn · Jul 2026
16 yr2010
0none in 3 months

Manufacturer of audio products, watches, phones, and personal care items

Iot services
₹201.63 crFY 2021-22
Not reported
20-33% 12 mo to Aug 2024LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Provides software platforms to monitor energy and water usage

Smart cities
₹212.38 crFY 2022-23
Not reported
1,073LinkedIn · Jul 2026
25 yr2001
6postings · last posted Sep 2026

Dairy tech company digitizing and optimizing milk production, procurement, and cold chain

Wearable technology
₹208.78 crFY 2024-25
Not reported
477-26% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Provider of end-to-end home automation solutions

Smart homes
₹199.67 crFY 2024-25
+20%2024–2025
1-11% 12 mo to Jun 2023LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Tech-enabled platform offering toll & traffic management solutions

Road transport tech
₹189.47 crFY 2024-25
+6%2024–2025
728+34% 12 mo to Sep 2024recorded Sep 2024
15 yr2011
0none in 3 months

Online dealer of used cars

Connected vehicles
₹167.06 crFY 2024-25
-9%2024–2025
304+1% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months · last posted Jun 2026

Provider of smart-grid solutions to optimize energy generation

Smart grid
₹140.48 crFY 2024-25
+20%2024–2025
383+15% 12 mo to Sep 2024LinkedIn · Jul 2026
28 yr1998
3postings · last posted Aug 2026

Online brand offering wireless earphones and smartwatches for men and women

Fitness & wellness tech
₹136.50 crFY 2024-25
+440%2024–2025
107+34% 12 mo to Aug 2023LinkedIn · Jul 2026
11 yr2015
0none in 3 months · last posted Mar 2026

Provider of infotainment systems and connected solutions for the automotive industry

Connected vehicles
₹128.76 crFY 2022-23
Not reported
234+34% 12 mo to Sep 2024LinkedIn · Jul 2026
23 yr2003
3postings · last posted Sep 2026

Provider of GPS vehicle tracking software

Connected vehicles
₹118.88 crFY 2024-25
+75%2024–2025
92-9% 12 mo to Sep 2024recorded Sep 2024
6 yr2020
0none in 3 months
50 of 1,736 companies shown here · the full list is on Radar
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Explore internet of things - industry applications companies in India by what you are looking for

Find internet of things industrial applications companies in India, from smart home and building automation to vehicle tracking and wearables. Browse top IoT companies in India, startups and firms that are hiring.

9 ways to explore internet of things - industry applications in India

Smart home & home automation companiesIoT platforms & application providersWearable technology & health monitoring devicesSecurity & surveillance technology companiesEnergy management & smart building companiesVehicle tracking & fleet management companies

Smart home & home automation companies

Home automation, smart switches, locks and connected appliances.

  1. Kent RO Systems

    Manufacturer of water purifiers and other related products

    Waste & water management
    See in list
  2. Atomberg

    Manufacturer of energy efficient ceiling fans kitchen appliances smart locks

    Smart homes
    See in list
  3. Livpure

    Online brand offering home appliances

    Smart homes
    See in list
  4. GizmoSmart

    Provider of end-to-end home automation solutions

    Smart homes
    See in list
  5. e Hoome IoT

    Provider of diversified smart home products

    Smart homes
    See in list

IoT platforms & application providers

IoT software platforms, edge computing and analytics for industry.

  1. Seshaasai

    Provider of payment solutions, communication services, and IoT-enabled RFID technologies

    Payments
    See in list
  2. Mappls Gadgets

    Provider of GPS IoT enabled tracking solutions

    Wearable technology
    See in list
  3. Appalto

    Provider of cloud-based data loggers for IoT applications

    Iot applications
    See in list
  4. Intangles

    Provider of AI-powered solutions for predictive fleet maintenance and management

    Road transport tech
    See in list
  5. Aastro Tech

    Provider of IoT solutions for smart building and workspace management

    Property management tech
    See in list

Wearable technology & health monitoring devices

Smartwatches, fitness trackers and connected health devices.

  1. Seshaasai

    Provider of payment solutions, communication services, and IoT-enabled RFID technologies

    Payments
    See in list
  2. GOBOULT

    Retailer of personal audio, wearable, and mobile accessory products

    Consumer electronics e-commerce
    See in list
  3. Ultrahuman

    Provider of wearable health trackers and metabolic monitoring hardware devices

    Consumer electronics e-commerce
    See in list
  4. Fire Boltt

    Online brand offering wireless earphones and smartwatches for men and women

    Fitness & wellness tech
    See in list
  5. Palred

    Provider of wearable earphones and accessories

    Wearable technology
    See in list

Security & surveillance technology companies

Video surveillance, access control and personal safety devices.

  1. KENT Cam Technologies

    Provider of face attendance systems, vehicle cameras, and video call platforms

    Computer vision
    See in list
  2. Vehant Technologies

    AI-enabled security and traffic enforcement solutions

    Road transport tech
    See in list
  3. Sepio Products

    Manufacturer of tamper-evident security seals, including electronic and plastic options

    Scm software
    See in list
  4. Zicom

    Electronics security surveillance based security

    Smart homes
    Website
  5. Discreet

    Developer of connected video doorbells

    Regtech
    Website

Energy management & smart building companies

Smart meters, building automation and energy monitoring solutions.

  1. Secure Meters

    Provider of smart metering products for the electricity and gas industries

    Facility management tech
    See in list
  2. Genus Power Infrastructures

    Manufacturer of smart meters, hybrid microcircuits, and power distribution management

    Smart grid
    See in list
  3. ServControl

    Provider of solutions for solar street lights

    Energy efficiency tech
    See in list
  4. Fluentgrid

    Provides software platforms to monitor energy and water usage

    Smart cities
    See in list
  5. Kalki Communication Technologies

    Provider of smart-grid solutions to optimize energy generation

    Smart grid
    See in list

Vehicle tracking & fleet management companies

GPS tracking, telematics and connected vehicle solutions.

  1. Mappls Gadgets

    Provider of GPS IoT enabled tracking solutions

    Wearable technology
    See in list
  2. VaaaN Infra

    Tech-enabled platform offering toll & traffic management solutions

    Road transport tech
    See in list
  3. PISTA GPS Tracker

    Provider of GPS vehicle tracking software

    Connected vehicles
    See in list
  4. Bar Code India

    Provider of asset tracking and visibility solutions for supply chains

    Scm software
    See in list
  5. Vehant Technologies

    AI-enabled security and traffic enforcement solutions

    Road transport tech
    See in list

Internet of things startups in India

Recently founded IoT companies in India.

  1. DIZO

    Manufacturer of audio products, watches, phones, and personal care items

    Iot services
    See in list
  2. e Hoome IoT

    Provider of diversified smart home products

    Smart homes
    See in list
  3. Zenplus Fleet

    Company providing fleet management solutions for transportation and logistics services

    Connected vehicles
    See in list
  4. sugar.fit

    Provider of diabetes care and reversal programs

    Wearable technology
    See in list
  5. Fabric IoT

    Provider of data and energy infrastructure for electric vehicle charging

    Iot applications
    Website
227 companies in India

Internet of things companies hiring in India

IoT companies with open roles right now.

  1. Secure Meters

    Provider of smart metering products for the electricity and gas industries

    Facility management tech
    See in list
  2. Genus Power Infrastructures

    Manufacturer of smart meters, hybrid microcircuits, and power distribution management

    Smart grid
    See in list
  3. Eureka Forbes

    Consumer durables company

    Household durables
    See in list
  4. Kent RO Systems

    Manufacturer of water purifiers and other related products

    Waste & water management
    See in list
  5. Yotta

    Provider of data center, cloud, AI, and cybersecurity infrastructure services

    Data center infrastructure
    See in list
53 companies in India

Listed internet of things companies in India

Publicly listed IoT and connected device companies.

  1. Genus Power Infrastructures

    Manufacturer of smart meters, hybrid microcircuits, and power distribution management

    Smart grid
    See in list
  2. Eureka Forbes

    Consumer durables company

    Household durables
    See in list
  3. Seshaasai

    Provider of payment solutions, communication services, and IoT-enabled RFID technologies

    Payments
    See in list
  4. Ceinsys

    Provider of smart technology, consultancy, and analytics solutions in the geospatial and engineering domains

    Smart cities
    See in list
  5. Palred

    Provider of wearable earphones and accessories

    Wearable technology
    See in list
8 companies in India
Mobile reach

Top 10 internet of things - industry applications apps from India

The most-installed Android apps published by internet of things - industry applications companies headquartered in India — 84.9M installs between them. 367 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

NoiseFit: Health & Fitness

by Noise

Installs54.0M
Rating4.532.4M ratings
Installs, year on year+34%
Last updatedJun 2026
View on Google Play ↗
NoiseFit: Health & Fitness screenshot 1NoiseFit: Health & Fitness screenshot 2NoiseFit: Health & Fitness screenshot 3NoiseFit: Health & Fitness screenshot 4NoiseFit: Health & Fitness screenshot 5NoiseFit: Health & Fitness screenshot 6
2

boAt Wearables

by boAt

Installs15.4M
Rating3.2153K ratings
Last updatedNov 2025
View on Google Play ↗
boAt Wearables screenshot 1boAt Wearables screenshot 2boAt Wearables screenshot 3boAt Wearables screenshot 4
3

Eureka Forbes | Aquaguard

by Eureka Forbes

Installs3.8M
Rating4.37215K ratings
Installs, year on year+50%
Last updatedJun 2026
View on Google Play ↗
Eureka Forbes | Aquaguard screenshot 1Eureka Forbes | Aquaguard screenshot 2Eureka Forbes | Aquaguard screenshot 3Eureka Forbes | Aquaguard screenshot 4Eureka Forbes | Aquaguard screenshot 5Eureka Forbes | Aquaguard screenshot 6
6

OBD Scanner ELM327: GaragePro

by CaRPM

Installs1.8M
Rating3.117K ratings
Installs, year on year+39%
Last updatedJun 2026
View on Google Play ↗
OBD Scanner ELM327: GaragePro screenshot 1OBD Scanner ELM327: GaragePro screenshot 2OBD Scanner ELM327: GaragePro screenshot 3OBD Scanner ELM327: GaragePro screenshot 4OBD Scanner ELM327: GaragePro screenshot 5OBD Scanner ELM327: GaragePro screenshot 6
7

GOBOULT Amp

by GOBOULT

Installs1.7M
Rating2.2510K ratings
Last updatedJun 2026
View on Google Play ↗
GOBOULT Amp screenshot 1GOBOULT Amp screenshot 2GOBOULT Amp screenshot 3GOBOULT Amp screenshot 4
8

Livpure Smart

by Livpure Smart

Installs1.5M
Rating2.14106K ratings
Last updatedMay 2026
View on Google Play ↗
Livpure Smart screenshot 1Livpure Smart screenshot 2Livpure Smart screenshot 3Livpure Smart screenshot 4Livpure Smart screenshot 5Livpure Smart screenshot 6
9

Qubo

by Qubo

Installs1.3M
Rating3.2410K ratings
Installs, year on year+70%
Last updatedJun 2026
View on Google Play ↗
Qubo screenshot 1Qubo screenshot 2Qubo screenshot 3Qubo screenshot 4Qubo screenshot 5Qubo screenshot 6
10

AyuRythm: Ayurveda, Yoga, Diet

by AyuRythm

Installs890K
Rating2.797K ratings
Installs, year on year+6%
Last updatedFeb 2026
View on Google Play ↗
AyuRythm: Ayurveda, Yoga, Diet screenshot 1AyuRythm: Ayurveda, Yoga, Diet screenshot 2AyuRythm: Ayurveda, Yoga, Diet screenshot 3AyuRythm: Ayurveda, Yoga, Diet screenshot 4AyuRythm: Ayurveda, Yoga, Diet screenshot 5AyuRythm: Ayurveda, Yoga, Diet screenshot 6
The business behind the activity

Internet of things - industry applications financials in India

Revenue, profit and growth from the filed annual accounts of 629 internet of things - industry applications companies in India for FY24-25 — 837 of the 1,736 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 44% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹19,551.18 cr

629 companies filing accounts

combined net profit₹689.03 cr

3.5% aggregate margin

are profitable51%

320 of 629 companies

median revenue~₹1.4 cr

the typical company

median revenue growth+20%

into FY24-25

earned by the top five44%

revenue concentration

Six-year view

Combined revenue of filing companies

₹7,813.98 crFY19-20520 filers
₹7,242.78 crFY20-21573 filers
₹9,712.07 crFY21-22618 filers
₹11,425.33 crFY22-23658 filers
₹14,831.60 crFY23-24663 filers
₹19,551.18 crFY24-25629 filers

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

Like-for-like

The same 550 companies over three years

+41%
FY22-23₹10,909.43 cr−₹29.75 cr net
FY23-24₹12,987.30 cr₹65.61 cr net
FY24-25₹15,349.56 cr₹491.91 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 cr27231% profitable
₹1–10 cr22360% profitable
₹10–100 cr11174% profitable
₹100–1,000 cr1889% profitable
Over ₹1,000 cr5100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking201
0–20%97
20–50%108
50–100%75
Doubled+111

592 companies with accounts for both years; median growth +20%.

Profitability

Profit is concentrated at the top

320profitable
308loss-making
3.5%aggregate margin
0.1%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
GabitBETTERLIFE HORIZONS PRIVATE LIMITED+968%₹40.07 cr
Fire BolttBOLTT GAMES PRIVATE LIMITED+440%₹136.50 cr
HeadFoxHEADFOX INNOVATIONS PRIVATE LIMITED₹15.87 cr
Nu RepublicNUWORLD RETAIL PRIVATE LIMITED
ProbusPROBUS SMART THINGS PRIVATE LIMITED₹26.82 cr
ArahasARAHAS TECHNOLOGIES PRIVATE LIMITED+156%₹10.63 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
MegaTrackerMEGA TELEMATICS PRIVATE LIMITED66.2%₹14.69 cr
Mappls GadgetsC.E. INFO SYSTEMS LIMITED34.4%₹435.61 cr
Coral InnovationsCORAL INNOVATIONS PRIVATE LIMITED₹11.73 cr
nice Neotech Medical SystemsNICE NEOTECH MEDICAL SYSTEMS PRIVATE LIMITED22.4%
CeinsysCEINSYS TECH LIMITED19.1%₹425.60 cr
MelvaultMELVAULT SOFTWARE SOLUTIONS PRIVATE LIMITED₹10.77 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Smart grid8₹2,670.82 cr~₹11.2 cr62%11.4%
Smart homes102₹2,386.95 cr~₹1.4 cr54%-6.0%
Facility management tech7₹2,214.99 cr~₹4.2 cr57%10.6%
Wearable technology39₹1,807.77 cr~₹79 lakh33%4.9%
Smart cities41₹994.53 cr~₹1.8 cr66%2.2%
Consumer electronics e-commerce10₹974.05 cr~₹4.4 cr30%2.1%
Energy efficiency tech30₹748.38 cr~₹2.7 cr73%3.6%
Road transport tech29₹705.92 cr~₹2.4 cr59%-6.8%
Leaders

Largest internet of things - industry applications companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Genus Power InfrastructuresGENUS POWER INFRASTRUCTURES LIMITED₹2,521.74 cr₹298.18 cr11.8%+102%
Secure MetersSecure Meters Limited₹2,189.36 cr₹238.60 cr10.9%—
SeshaasaiSESHAASAI TECHNOLOGIES LIMITED₹1,472.35 cr₹222.21 cr15.1%-6%
Kent RO SystemsKENT R O SYSTEMS LIMITED₹1,311.70 cr₹130.98 cr10.0%+4%
NoiseNEXXBASE MARKETING PRIVATE LIMITED₹1,065.52 cr0.2%-24%
AtombergATOMBERG TECHNOLOGIES PRIVATE LIMITED₹995.92 cr−₹89.45 cr-9.0%+21%
YottaYOTTA DATA SERVICES PRIVATE LIMITED₹900.84 cr₹11.05 cr1.2%+94%
GOBOULTEXOTIC MILE PRIVATE LIMITED₹763.59 cr₹24.20 cr3.2%+9%
ServControlSERVOTECH RENEWABLE POWER SYSTEM LIMITED₹589.11 cr₹33.47 cr5.7%+92%
LivpureLIVPURE PRIVATE LIMITED₹578.86 cr₹7.93 cr1.4%+29%
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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

Internet of Things - Industry Applications Landscape of India

The financials above are one chapter. The full internet of things - industry applications landscape of India 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 internet of things - industry applications landscape of India
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

Internet of things - industry applications funding and M&A across India

1,053 recorded equity rounds have gone to 2,456 internet of things - industry applications companies in India — how much, at which stage, into which sub-sectors, from whom, and how India compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months35

US$211.83m

equity rounds, last 24 months95

US$395.87m

raised over five yearsUS$1.14bn

455 rounds in India

M&A deals, India13

last 24 months

Capital by year

Equity funding into internet of things - industry applications in India

amount rounds
$69m201885
$92m2019111
$148m2020110
$179m2021112
$227m2022101
$202m202391
$152m202472
$233m202561
$151m202618

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2025, with US$232.59m across 61 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$25.53m83 rounds · median US$92k
SeedUS$260.59m276 rounds · median US$397k
Series AUS$277.64m58 rounds · median US$3.38m
Series BUS$253.47m20 rounds · median US$10.06m
Series CUS$326.14m18 rounds · median US$11.66m
Where the money went · five years

Most-funded sub-sectors

Wearable technologyUS$234.24m50 rounds · 21 companies
Smart homesUS$188.21m34 rounds · 14 companies
Road transport techUS$123.40m19 rounds · 7 companies
Iot applicationsUS$106.20m32 rounds · 16 companies
Consumer electronics e-commerceUS$99.97m20 rounds · 4 companies
Energy efficiency techUS$57.24m11 rounds · 6 companies
Smart citiesUS$48.15m13 rounds · 8 companies
Corporate activity · last 24 months

M&A in India

12Acquisition
1Announced

Most active acquirers

  1. Thermax2
  2. C.E. Info Systems Limited2
  3. Asm technologies1
  4. Genus Power Infrastructures1
  5. Mapmyindia1

Most acquired or merged

  1. Exactspace2
  2. Gtropy2
  3. Pureit2
  4. Myelin foundry1
  5. Newlectric Innovation Pvt Ltd1

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

Internet of things - industry applications funding in India

290 internet of things - industry applications companies in India have recorded equity funding, US$1.55bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in India

Meet the people behind internet of things - industry applications companies in India. 1,142 of 1,736 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore India internet of things - industry applications companies by sub-sector

The most common specialisations among internet of things - industry applications companies in India. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring internet of things - industry applications in India and nearby markets.

Coming soon