Company lists
The Maharashtra edition · 2026

Internet of things - industry applicationscompanies in Maharashtra

Smart homes, IoT solutions, energy & buildings, wearables & health, vehicles & fleets and more: the companies building internet of things - industry applications in Maharashtra, with their founders, funding, team size and business models.

331 company profiles136 with reported revenue48 with recorded fundingSeptember 2026 edition
Maharashtra · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent internet of things - industry applications business events in Maharashtra

Funding, M&A, contract wins and launches involving 457 internet of things - industry applications companies in Maharashtra, last 24 months: 15 Contracts · 5 funding rounds · 4 M&A deals · 1 Launch. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Mar 2026.

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

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…

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
LaunchThe Big Exchange

Eureka forbes

Eureka Forbes Ltd., India’s leading player in the health and hygiene industry, has announced the national launch of ‘The Big Exchange’ offer, the country’s first cross-category online…

Online exchange program
FundingSeed

Kontext

Czech-founded Kontext, an AI-powered contextual advertising platform, has officially come out of stealth mode with a $10 (€8.61) million seed round, positioning itself as strong player…

Investors M13, Torch capital, Credo ventures, Parable VC
AI-powered contextual advertising, chatbot advertising
ContractSupply

Dixon technologies · client: Eureka forbes

Dixon Technologies (India) Ltd. has entered into an agreement for assembly, manufacture, and supply of robotic vacuum cleaners with Eureka Forbes.

Technology
ContractService

PHD India · client: Atomberg

Omnicom Media Group's (OMG) PHD India has won the integrated media mandate for smart home appliances brand Atomberg.

M&AAnnounced

Qualcomm ventures acquires QORIX

Qorix welcomes Qualcomm Ventures LLC as a strategic minority shareholder, joining KPIT Technologies Ltd. and ZF as majority shareholders to further strengthen its position as a leading…

ContractTechnology

Vega innovations · client: Coca-Cola Beverages Sri Lanka

Developed by Vega Innovations, this cutting‑edge E‑Tuk was officially handed over by CEA Chairman Prof. Tilak Hewawasam to the Wadduwa Material Recovery Facility (MRF), established by CCBSL.

Waste Management
ContractSupply

Nvidia · client: Yotta infrastructure

In India, for instance, Hiranandani-controlled Yotta Infrastructure has an agreement with the company to source 16,000 GPUs, of which the first lot of 4,000 was delivered a few months…

AI infrastructure
M&AAcquisition · Announced

Indiqus acquires Yotta

We’re thrilled to join forces with Yotta and excited to reshape the Cloud and AI services category. This acquisition is a major milestone for us, our path-breaking product Apiculus…

M&AAcquisition · Completed

Ao Smith acquires Pureit

Global water technology company AO Smith Corporation has announced that it has completed its acquisition of Pureit, a Unilever PLC business at a purchase price of approximately $120 million.

Water purification solutions
M&AAcquisition · Completed

A.O. Smith acquires Pureit

Kevin J Wheeler, Chairman and Chief Executive Officer, A.O. Smith, said, “Pureit complements our premium brands in the market and their strength in e-commerce will allow us to expand our…

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

Browse internet of things - industry applications companies in Maharashtra by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 136 internet of things - industry applications companies in Maharashtra that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

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 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

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

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

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

Scm software
₹83.54 crFY 2024-25
-2%2024–2025
82+15% 12 mo to Sep 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months · last posted Jun 2026

Provider of custom software and IT solutions for diverse industries

Geographic information systems
₹77.63 crFY 2024-25
+40%2024–2025
67-53% 12 mo to Jan 2023LinkedIn · Jul 2026
15 yr2011
0none in 3 months · last posted Feb 2026

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

Road transport tech
₹75.11 crFY 2024-25
+20%2024–2025
373+67% 12 mo to Aug 2024LinkedIn · Jul 2026
10 yr2016
1postings · last posted Aug 2026

Provider of IT service suite solutions

Iot applications
₹63.60 crFY 2024-25
+41%2024–2025
61LinkedIn · Jul 2026
17 yr2009
0none in 3 months

Tech-enabled platform offering public transit & traffic management solutions

Iot applications
₹53.42 crFY 2024-25
+58%2024–2025
—Not available
35 yr1991
0none in 3 months

Provider of testing and data management platforms for automotive dealers

Iot applications
₹43.18 crFY 2024-25
+15%2024–2025
198-4% 12 mo to Jul 2024LinkedIn · Jul 2026
27 yr1999
0none in 3 months · last posted May 2026

Developer of connected video doorbells

Regtech
₹41.82 crFY 2024-25
+7%2024–2025
100+20% 12 mo to Sep 2024LinkedIn · Jul 2026
22 yr2004
0none in 3 months

Tech-enabled toll management system

Road transport tech
₹35.28 crFY 2024-25
-26%2024–2025
103LinkedIn · Jul 2026
28 yr1998
1postings · last posted Aug 2026

Manufacturer of solar powered LED lighting and home automation systems

Property management tech
₹21.07 crFY 2024-25
+5%2024–2025
23LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Digital twin solution for revenue assurance

Digital twin
₹15.73 crFY 2024-25
+58%2024–2025
65+0% 12 mo to Sep 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months

IoT based solutions for the retail industry

Iot applications
₹14.15 crFY 2024-25
+132%2024–2025
10+11% 12 mo to Sep 2024recorded Sep 2024
12 yr2014
0none in 3 months

Developer of virtual reality hardware and software for enterprise solutions

Virtual reality
₹13.37 crFY 2024-25
+60%2024–2025
28LinkedIn · Jul 2026
9 yr2017
1postings · last posted Jul 2026

Electronic wallet harnessing NFC technology

Wearable technology
₹12.92 crFY 2024-25
+80%2024–2025
41LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Manufacturer of mixed reality headset

Augmented reality
₹12.89 crFY 2024-25
-19%2024–2025
147+5% 12 mo to Sep 2024LinkedIn · Jul 2026
12 yr2014
7postings · last posted Aug 2026

Manufacturer of tyres

Connected vehicles
₹11.47 crFY 2024-25
+1%2024–2025
45-3% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Platform offering IoT solutions for smart cities and other industries

Smart cities
₹11.04 crFY 2024-25
+20%2024–2025
79+28% 12 mo to Aug 2024LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Provider of primary healthcare via automated kiosks

Healthcare it
₹10.68 crFY 2024-25
-16%2024–2025
77LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Smart workspace and building management solutions

Facility management tech
₹10.54 crFY 2024-25
+49%2024–2025
38+53% 12 mo to Sep 2024LinkedIn · Jul 2026
8 yr2018
1postings · last posted Jul 2026
50 of 331 companies shown here · the full list is on Radar
Fliar Radar

Explore all 331 internet of things - industry applications companies in Maharashtra on Radar

This page shows the top 50. Radar has the complete, filterable list with contacts and live company signals.

Open internet of things - industry applications in Maharashtra on Radar
  • Every company, not just 50All 331 internet of things - industry applications companies in Maharashtra, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
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Explore internet of things - industry applications companies in Maharashtra by what you are looking for

Browse internet of things industry applications companies in Maharashtra, from smart home and building automation to fleet tracking and factory monitoring. You can also find IoT startups in Maharashtra and companies that are hiring or listed.

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

Smart home & home automation companiesIoT applications & platformsEnergy management & smart building companiesWearables & connected health devicesConnected vehicle & fleet tracking companiesSecurity, surveillance & smart city companies

Smart home & home automation companies

Home automation, smart switches, security and connected appliances.

  1. Eureka Forbes

    Consumer durables company

    Household durables
    See in list
  2. Atomberg

    Manufacturer of energy efficient ceiling fans kitchen appliances smart locks

    Smart homes
    See in list
  3. Zicom

    Electronics security surveillance based security

    Smart homes
    Website
  4. Discreet

    Developer of connected video doorbells

    Regtech
    See in list
  5. Uniser

    Manufacturer of solar powered LED lighting and home automation systems

    Property management tech
    See in list

IoT applications & platforms

Industrial IoT solutions, platforms and connected devices.

  1. Seshaasai

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

    Payments
    See in list
  2. Intangles

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

    Road transport tech
    See in list
  3. EasyReach Solutions

    IoT based solutions for the retail industry

    Iot applications
    See in list
  4. Bluecoin IoT Solutions

    Smart workspace and building management solutions

    Facility management tech
    See in list
  5. Greenovative

    A smart sustainability platform utilizing AI, IoT, and analytics to help businesses optimise energy, water and emissions

    Energy efficiency tech
    See in list

Energy management & smart building companies

Building automation, energy monitoring and facility management technology.

  1. Uniser

    Manufacturer of solar powered LED lighting and home automation systems

    Property management tech
    See in list
  2. Bluecoin IoT Solutions

    Smart workspace and building management solutions

    Facility management tech
    See in list
  3. Enlite Research

    Developer of wireless building automation systems for energy management control

    Iot applications
    See in list
  4. Greenovative

    A smart sustainability platform utilizing AI, IoT, and analytics to help businesses optimise energy, water and emissions

    Energy efficiency tech
    See in list
  5. UtopiaTech

    Provider of IoT and cloud-enabled energy management software solutions

    Smart cities
    See in list

Wearables & connected health devices

Smartwatches, fitness trackers and remote health monitoring.

  1. Seshaasai

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

    Payments
    See in list
  2. Fire Boltt

    Online brand offering wireless earphones and smartwatches for men and women

    Fitness & wellness tech
    See in list
  3. Elkon

    Manufacturer of hearing aids

    Ent disorders
    Website
  4. Atomx

    Electronic wallet harnessing NFC technology

    Wearable technology
    See in list
  5. Care Mother

    A digital healthcare platform that enables healthcare providers to deliver pregnancy care through AI-powered tools, facilitating remote monitoring and patient engagement

    Disease self management
    See in list

Connected vehicle & fleet tracking companies

Vehicle telematics, GPS tracking and fleet management.

  1. Sepio Products

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

    Scm software
    See in list
  2. Pitasys

    Provider of custom software and IT solutions for diverse industries

    Geographic information systems
    See in list
  3. Intangles

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

    Road transport tech
    See in list
  4. KENT Intelligent Transportation Systems

    Tech-enabled toll management system

    Road transport tech
    See in list
  5. Locate365

    It develops AI-powered software solutions for businesses

    Connected vehicles
    See in list

Security, surveillance & smart city companies

Video analytics, tracking and smart city technology.

  1. Sepio Products

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

    Scm software
    See in list
  2. Zicom

    Electronics security surveillance based security

    Smart homes
    Website
  3. Discreet

    Developer of connected video doorbells

    Regtech
    See in list
  4. Stellarview

    Provider of AI-powered video analytics for surveillance, traffic management, and access control

    Computer vision
    See in list
  5. Innoquad Technologies

    Provider of IoT based solutions in multi-industries

    Energy efficiency tech
    See in list

Manufacturing, digital twin & agri IoT

Shop floor monitoring, predictive maintenance and smart farming.

  1. Intangles

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

    Road transport tech
    See in list
  2. Claptek

    Digital twin solution for revenue assurance

    Digital twin
    See in list
  3. Autosys

    Provider of industry manufacturing execution system

    Manufacturing tech
    See in list
  4. Helios

    Provider of solar power plant performance analytics solutions

    Digital twin
    See in list
  5. Alphacore Technologies

    Provider of IoT based predictive maintainance solutions

    Manufacturing tech
    See in list

IoT startups in Maharashtra

Newer IoT companies founded in the last few years.

  1. Care Mother

    A digital healthcare platform that enables healthcare providers to deliver pregnancy care through AI-powered tools, facilitating remote monitoring and patient engagement

    Disease self management
    See in list
  2. Stellarview

    Provider of AI-powered video analytics for surveillance, traffic management, and access control

    Computer vision
    See in list
  3. eVerse.AI

    Connecting Sustainability and Profitability in Dairy & Livestock

    Veterinary healthtech
    Website
  4. Starkenn

    AI-powered ADAS technology solutions

    Connected vehicles
    Website
  5. SavyCode

    AI-powered symptom checker bot for parents and healthcare professionals

    Chatbots
    Website
41 companies in Maharashtra

IoT companies hiring in Maharashtra

IoT companies in Maharashtra with open roles.

  1. Eureka Forbes

    Consumer durables company

    Household durables
    See in list
  2. Yotta

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

    Data center infrastructure
    See in list
  3. Fire Boltt

    Online brand offering wireless earphones and smartwatches for men and women

    Fitness & wellness tech
    See in list
  4. Accolade Electronics

    Provider of infotainment systems and connected solutions for the automotive industry

    Connected vehicles
    See in list
  5. Sepio Products

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

    Scm software
    See in list
28 companies in Maharashtra
Mobile reach

Top 10 internet of things - industry applications apps from Maharashtra

The most-installed Android apps published by internet of things - industry applications companies headquartered in Maharashtra — 8.2M installs between them. 66 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

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
3

Atomberg Home

by Atomberg

Installs859K
Rating3.8110K ratings
Installs, year on year+101%
Last updatedFeb 2026
View on Google Play ↗
Atomberg Home screenshot 1Atomberg Home screenshot 2Atomberg Home screenshot 3Atomberg Home screenshot 4Atomberg Home screenshot 5Atomberg Home screenshot 6
4

Baby Development & Milestones

by BabyG

Installs475K
Rating4.363K ratings
Installs, year on year+18%
Last updatedOct 2025
View on Google Play ↗
Baby Development & Milestones screenshot 1Baby Development & Milestones screenshot 2Baby Development & Milestones screenshot 3Baby Development & Milestones screenshot 4Baby Development & Milestones screenshot 5Baby Development & Milestones screenshot 6
5

Ajjas: Smart GPS Tracking App

by Ajjas

Installs195K
Rating—
Installs, year on year+52%
Last updatedMay 2026
View on Google Play ↗
Ajjas: Smart GPS Tracking App screenshot 1Ajjas: Smart GPS Tracking App screenshot 2Ajjas: Smart GPS Tracking App screenshot 3Ajjas: Smart GPS Tracking App screenshot 4Ajjas: Smart GPS Tracking App screenshot 5Ajjas: Smart GPS Tracking App screenshot 6
6

ActoFit Devices

by Actofit

Installs177K
Rating2.743K ratings
Last updatedSep 2025
View on Google Play ↗
ActoFit Devices screenshot 1ActoFit Devices screenshot 2ActoFit Devices screenshot 3ActoFit Devices screenshot 4ActoFit Devices screenshot 5ActoFit Devices screenshot 6
7

ActiveX

by ActiveX

Installs173K
Rating2.86361 ratings
Last updatedMay 2025
View on Google Play ↗
ActiveX screenshot 1ActiveX screenshot 2ActiveX screenshot 3ActiveX screenshot 4ActiveX screenshot 5
8

BabyVerse: Daily Parenting App

by SavyCode

Installs140K
Rating4.33517 ratings
Last updatedMay 2025
View on Google Play ↗
BabyVerse: Daily Parenting App screenshot 1BabyVerse: Daily Parenting App screenshot 2BabyVerse: Daily Parenting App screenshot 3BabyVerse: Daily Parenting App screenshot 4BabyVerse: Daily Parenting App screenshot 5BabyVerse: Daily Parenting App screenshot 6
9

SMART TYRE CAR & BIKE

by TREEL

Installs134K
Rating3.62K ratings
Installs, year on year+41%
Last updatedMar 2026
View on Google Play ↗
SMART TYRE CAR & BIKE screenshot 1SMART TYRE CAR & BIKE screenshot 2SMART TYRE CAR & BIKE screenshot 3SMART TYRE CAR & BIKE screenshot 4SMART TYRE CAR & BIKE screenshot 5SMART TYRE CAR & BIKE screenshot 6
The business behind the activity

Internet of things - industry applications financials in Maharashtra

Revenue, profit and growth from the filed annual accounts of 126 internet of things - industry applications companies in Maharashtra for FY24-25 — 157 of the 331 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 81% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹4,900.98 cr

126 companies filing accounts

combined net profit₹190.34 cr

3.9% aggregate margin

are profitable55%

69 of 126 companies

median revenue~₹1.8 cr

the typical company

median revenue growth+20%

into FY24-25

earned by the top five81%

revenue concentration

Six-year view

Combined revenue of filing companies

₹1,147.20 crFY19-2096 filers
₹1,201.57 crFY20-21113 filers
₹1,945.81 crFY21-22120 filers
₹2,979.55 crFY22-23128 filers
₹4,057.28 crFY23-24130 filers
₹4,900.98 crFY24-25126 filers

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

Like-for-like

The same 109 companies over three years

+34%
FY22-23₹2,923.21 cr₹23.10 cr net
FY23-24₹3,458.25 cr₹19.67 cr net
FY24-25₹3,906.83 cr₹217.74 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 cr5042% profitable
₹1–10 cr5155% profitable
₹10–100 cr1979% profitable
₹100–1,000 cr580% profitable
Over ₹1,000 cr1100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking42
0–20%17
20–50%24
50–100%18
Doubled+18

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

Profitability

Profit is concentrated at the top

69profitable
57loss-making
3.9%aggregate margin
0.5%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
Fire BolttBOLTT GAMES PRIVATE LIMITED+440%₹136.50 cr
EasyReach SolutionsEasyreach Solutions Private Limited+132%₹14.15 cr
YottaYOTTA DATA SERVICES PRIVATE LIMITED+94%₹900.84 cr
AtomxATOMX CORPORATION PRIVATE LIMITED+80%₹12.92 cr
CeinsysCEINSYS TECH LIMITED+72%₹425.60 cr
QWR Interactive SolutionsQWR INTERACTIVE SOLUTIONS PRIVATE LIMITED+60%₹13.37 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
CeinsysCEINSYS TECH LIMITED19.1%₹425.60 cr
Fire BolttBOLTT GAMES PRIVATE LIMITED17.1%₹136.50 cr
QWR Interactive SolutionsQWR INTERACTIVE SOLUTIONS PRIVATE LIMITED15.6%₹13.37 cr
SeshaasaiSESHAASAI TECHNOLOGIES LIMITED15.1%₹1,472.35 cr
YoloHealthHEALTHATM INDIA PRIVATE LIMITED11.9%₹10.68 cr
DiscreetDISCREET SOLUTIONS PRIVATE LIMITED11.3%₹41.82 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Smart homes20₹1,070.12 cr~₹2.0 cr55%-8.6%
Connected vehicles6₹216.53 cr~₹2.7 cr33%-1.6%
Iot applications14₹200.12 cr~₹2.8 cr29%-3.9%
Energy efficiency tech6₹21.51 cr~₹3.4 cr83%0.8%
Wearable technology5₹20.05 cr~₹63 lakh20%-2.2%
Manufacturing tech10₹18.73 cr~₹99 lakh70%19.1%
Disease self management5₹10.12 cr~₹2.2 cr0%-28.1%
Water and wastewater management tech5₹5.39 cr~₹24 lakh60%-13.7%
Leaders

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

Company · legal entityRevenueNet resultMarginGrowth
SeshaasaiSESHAASAI TECHNOLOGIES LIMITED₹1,472.35 cr₹222.21 cr15.1%-6%
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%
CeinsysCEINSYS TECH LIMITED₹425.60 cr₹81.38 cr19.1%+72%
Accolade ElectronicsACCOLADE ELECTRONICS PRIVATE LIMITED₹199.01 cr₹9.04 cr4.5%-2%
Fire BolttBOLTT GAMES PRIVATE LIMITED₹136.50 cr₹23.40 cr17.1%+440%
Sepio ProductsSEPIO PRODUCTS PRIVATE LIMITED₹80.31 cr₹83.60 lakh1.0%-5%
IntanglesINTANGLES LAB PRIVATE LIMITED₹76.37 cr−₹37.52 cr-49.1%+22%
Delmon SolutionsDELMON SOLUTIONS PRIVATE LIMITED₹63.60 cr₹2.01 cr3.2%+41%
MasstransMASSTRANS TECHNOLOGIIES PRIVATE LIMITED₹53.42 cr₹2.19 cr4.1%+58%
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

Internet of Things - Industry Applications Landscape of India

The financials above are one chapter. The full internet of things - industry applications landscape of Maharashtra maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

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

Put this intelligence into your own tools

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

Capital & corporate activity

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 Maharashtra 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, Maharashtra4

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 Maharashtra

3Acquisition
1Announced

Most active acquirers

  1. Qualcomm ventures1
  2. Indiqus1
  3. Ao Smith1
  4. A.O. Smith1

Most acquired or merged

  1. Pureit2
  2. QORIX1
  3. Yotta1

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

Go deeper in the internet of things - industry applications landscape reports:

Internet of Things - Industry Applications Landscape of India

Internet of things - industry applications funding in Maharashtra

48 internet of things - industry applications companies in Maharashtra have recorded equity funding, US$227.52m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Maharashtra

Meet the people behind internet of things - industry applications companies in Maharashtra. 225 of 331 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

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

The most common specialisations among internet of things - industry applications companies in Maharashtra. 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.

Company lists

Company listInternet of Things - Industry Applications Companies in Ahmedabad, India49 companiesCompany listInternet of Things - Industry Applications Companies in Bengaluru, India438 companiesCompany listInternet of Things - Industry Applications Companies in Chennai, India73 companiesCompany listInternet of Things - Industry Applications Companies in Delhi, India144 companiesCompany listInternet of Things - Industry Applications Companies in Gurugram, India89 companiesCompany listInternet of Things - Industry Applications Companies in Hyderabad, India127 companiesCompany listBusiness Services Companies in Maharashtra, India4,037 companiesCompany listConsumer Companies in Maharashtra, India3,442 companiesCompany listRetail Companies in Maharashtra, India3,134 companiesCompany listEnterprise Applications Companies in Maharashtra, India2,967 companiesCompany listConsumer Goods Companies in Maharashtra, India2,433 companiesCompany listFinTech Companies in Maharashtra, India2,072 companiesCompany listHealthcare Companies in Maharashtra, India1,845 companiesCompany listFood and Agriculture Companies in Maharashtra, India1,697 companies
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