Company lists
The India edition · 2026

IoT Servicescompanies in India

IT services, IoT development, AI services, electronics manufacturing, robotics & drones and more: the companies building iot services in India, with their founders, funding, team size and business models.

1,256 company profiles506 with reported revenue23 with recorded fundingSeptember 2026 edition
India · Photo: Wikimedia Commons (CC BY-SA 4.0)

Recent iot services business events in India

Funding, M&A, contract wins and launches involving 1,414 iot services companies in India, last 24 months: 18 Contracts · 8 M&A deals · 6 launches · 4 funding rounds. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Apr 2026.

M&AAcquisition · Announced

Quest global acquires Bitsilica

Quest Global, the world’s largest independent pure-play engineering services company, announced the acquisition of BITSILICA, an India-based semiconductor design services company.

Semiconductor Design Services
FundingSeries A equity investment

Phoenix

Kochhar & Co., Bangalore acted as the counsel to Phoenix Robotix Private Limited, a leading technology company in automation and industrial IoT, and creator of the pioneering 'Datoms'…

Investors Big Global Investment JSC, YourNest Innovative Products VC Fund III, IvyCap Ventures Trust Fund III
Automation and industrial IoT
Funding

Sfo technologies

SFO Technologies, a prominent electronics manufacturing services provider based in Kochi, has successfully raised over Rs 750 crore in a recent funding round.

Investors Trident growth partners, Amicus Capital Partners, Anicut Continuum Equity Fund, HDFC AMC Select AIF FOF-1
Electronics manufacturing services
ContractTechnology

Bharat forge · client: Vvdn technologies

Bharat Forge and VVDN Technologies have signed an memorandum of understanding (MoU) to explore collaboration across automotive, defence, and data centre sectors.

Automotive, Defence, Data Centre
Contract

Bartronics india · client: Shree NagaNarasimha Pvt. Ltd.

Bartronics India Limited (“BIL”) has executed a definitive Shareholders Agreement with Shree NagaNarasimha Pvt. Ltd., operating under the AYOU brand, marking a strategic step in its…

Agriculture
M&AAcquisition · Announced

Bartronics india acquires AYOU

Bartronics India Limited has received board approval to acquire a 51% stake in AYOU, a fresh produce brand operated by Shree NagaNarasimha Pvt Ltd (SNN).

Fresh produce aggregation and processing
ContractSupply

Seatrium Energy (International) Pte Ltd · client: Phoenix

Under the settlement, Seatrium Energy (International) Pte Ltd will deliver the vessel to Maersk’s affiliate Phoenix II A/S by February 28, 2026, with the buyer paying the remaining…

Offshore Wind
Contract

Kinex India Private Limited · client: Bartronics india

Apart from this, the board also approved the proposal of the company to borrow Rs 100 crore from Kinex India Private Limited under a related-party transaction.

Finance
ContractTechnology

Chipex Technologies Private Limited · client: Mic electronics

MIC Electronics, through a stock exchange filing, announced that it has entered into a Memorandum of Understanding (MoU) with Chipex Technologies Private Limited to co-develop…

Semiconductor
Contract

Ericsson · client: Vvdn technologies

It is worth noting that Ericsson is already making telecom gear in India in partnership with VVDN Technologies.

Telecom
LaunchAskme360

Heuristics informatics

Heuristics Informatics Pvt. Ltd. (HIPL), a global leader in enterprise IT solutions has announced the launch of askme360, a cutting-edge AI assistant designed to transform how businesses…

AI Assistant
LaunchIoT-enabled ERP/CRM

Amar infotech

Amar InfoTech is advancing digital transformation with its IoT-enabled ERP and CRM development services, designed to help enterprises in India and worldwide integrate real-time data…

Enterprise Resource Planning / Customer Relationship Management
FundingGrowth capital

Amnex infotechnologies

Amnex Infotechnologies gets INR 460 crore growth capital from Bharat Value Fund

Investors Bharat Value Fund
Wealth Company Asset Management / AI/IoT/GIS
ContractTechnology

Vvdn technologies · client: Bharat Electronics Limited BEL

Earlier last week, BEL signed a Memorandum of Understanding (MoU) with VVDN Technologies to collaborate on domestic manufacturing and technology development.

Defence and electronics
Launch

Azilen technologies

Azilen Technologies, a global product engineering company, today announced the successful integration of OpenAI's advanced language models into its digital platforms.

LaunchFully AI-designed server

Vvdn technologies

On Friday, India's Union Minister Ashwini Vaishnaw unveiled the country's first fully AI-designed server, made by VVDN Technologies.

Server
M&AAcquisition · Completed

Sasken acquires BORQS International Holding Corp

Sasken Technologies Limited (NSE: SASKEN, BSE: 532663), a leading global provider of product engineering and digital transformation services, announced that it has completed acquisition…

Embedded Software, Internet of Things
LaunchFactory Monitoring

Kneo automation

KNEO Automation a leader in industrial innovation, introduces a groundbreaking solution - Factory Monitoring.

Industrial Automation
ContractService

Verso Altima India · client: Postnord

Verso Altima India Private Limited, a subsidiary of Adroit Infotech Limited, has secured a significant contract valued at approximately Rs. 24 million from PostNord Group AB for SAP BRIM…

IT services
ContractService

Verso Altima India · client: PT Supra Primatama Nusantara

Verso Altima India Private Limited, a subsidiary of Adroit Infotech Limited, has secured a significant ₹21 million contract from PT Supra Primatama Nusantara for SAP BRIM services.

Enterprise technology solutions
M&AAcquisition · Completed

Stellex Industries acquires Phoenix

Stellex Industries , Palo Alto, CA, has acquired privately held RF and microwave component supplier Phoenix Microwave Corp.

RF and Microwave Components
M&AAcquisition · Announced

Sasken communication technologies acquires Botnia Hightech

In an all cash deal, Sasken Communication Technologies Ltd., a pioneer in the telecom R&D and support space, has agreed to pay €35.5 million to acquire Finland based Botnia Hightech Oy,…

Wireless R&D and testing services
ContractSupply

Panache digilife · client: Global Customer

The shares of the company have seen positive movement after Panache Digilife Ltd signed a Manufacture and Supply Agreement (“MSA”) with a Global Customer for the manufacture and supply…

Technology
ContractTechnology

Ptw group · client: Bartronics india

Bartronics India Limited, a fin-tech solutions provider, signed a Memorandum of Understanding (MoU) with Singapore’s PTW Group on January 8, 2025, marking PTW’s entry into the Indian…

Semiconductor
ContractTechnology

Amantya technologies · client: eTelecom Transformation Centre (eTT)

IT company Amantya Technologies has been awarded a multi-year contract to develop a unified web portal in alignment with the Telecommunication Act 2023, the company announced on Thursday.

Telecommunications

IoT Services companies in India, by revenue

Browse iot services 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 506 iot services 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 end-to-end engineering, IT, and business solutions

Iot services
₹12,676.90 crFY 2024-25
+7%2024–2025
25,396-1% 12 mo to Jul 2024LinkedIn · Jul 2026
29 yr1997
0none in 3 months · last posted May 2026

Provider of software, product engineering, and electronic manufacturing services & solutions

Electronic manufacturing services
₹3,864.58 crFY 2024-25
+78%2024–2025
8,326-3% 12 mo to Jun 2024LinkedIn · Jul 2026
19 yr2007
0none in 3 months

Provider of ODM Plus solutions

Manufacturing services
₹2,892.97 crFY 2024-25
+7%2024–2025
5,316+10% 12 mo to Jul 2024LinkedIn · Jul 2026
36 yr1990
8postings · last posted Sep 2026

Provider of precision agriculture solutions

It services
₹707.65 crFY 2024-25
+164%2024–2025
927+4% 12 mo to Sep 2024LinkedIn · Jul 2026
18 yr2008
1postings · last posted Jul 2026

Provider of STEM education solutions for schools and colleges

It services
₹612.80 crFY 2024-25
+548%2024–2025
453-83% 12 mo to Jul 2023LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Provider of IIoT solutions that acquire data from manufacturing units/plants and convert it into shareable knowledge

Iot services
₹582.92 crFY 2024-25
+10%2024–2025
6LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Provider of IT, product engineering and digital transformation services

It services
₹507.79 crFY 2024-25
+6%2024–2025
3,862+1% 12 mo to Mar 2024LinkedIn · Jul 2026
37 yr1989
0none in 3 months · last posted Jun 2026

Provider of software & mobile application development, networking, cloud, and security consulting services

Digital transformation services
₹404.13 crFY 2024-25
+24%2024–2025
522+5% 12 mo to Aug 2024LinkedIn · Jul 2026
38 yr1988
7postings · last posted Sep 2026

Semiconductor design and embedded software development services

Digital transformation services
₹387.80 crFY 2024-25
+34%2024–2025
1,956+22% 12 mo to Sep 2024LinkedIn · Jul 2026
22 yr2004
1postings · last posted Jul 2026

Provider of IoT, network surveillance, data center, and other services

Physical security services
₹371.91 crFY 2024-25
+64%2024–2025
326+113% 12 mo to Sep 2024LinkedIn · Jul 2026
25 yr2001
1postings · last posted Jul 2026

Provider of IT services, enterprise digital transformation, AI, and automation

Iot services
₹337.66 crFY 2024-25
-4%2024–2025
520+6% 12 mo to Sep 2024recorded Sep 2024
35 yr1991
10postings · last posted Sep 2026

Provider of e-governance and IT solutions for public and private sectors

Erp services
₹313.18 crFY 2024-25
+1%2024–2025
1,027-19% 12 mo to Feb 2024recorded Feb 2024
26 yr2000
0none in 3 months

Provider of audio and video solutions, videoconferencing, collaboration and smart lighting systems

Audio services
₹225.66 crFY 2021-22
Not reported
370+3% 12 mo to Sep 2024recorded Sep 2024
55 yr1971
—No postings tracked

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

Provider of CCTV surveillance, network & security services

Physical security services
₹223.95 crFY 2024-25
+399%2024–2025
47-15% 12 mo to Sep 2024LinkedIn · Jul 2026
28 yr1998
0none in 3 months

Provider of IoT development and engineering consulting services

Iot services
₹199.31 crFY 2024-25
+1%2024–2025
573+5% 12 mo to May 2024recorded May 2024
19 yr2007
1postings · last posted Sep 2026

Meslova Systems

Iot services
₹183.37 crFY 2024-25
+81%2024–2025
92+48% 12 mo to Jun 2024LinkedIn · Jul 2026
12 yr2014
1postings · last posted Aug 2026

Mindteck provides IT & Product Engineering Services

It services
₹160.53 crFY 2024-25
+12%2024–2025
1,115+0% 12 mo to Sep 2024LinkedIn · Jul 2026
35 yr1991
4postings · last posted Jul 2026

Provider of business strategy, advisory, operational, technology, healthcare, and other consulting services

Digital transformation services
₹158.68 crFY 2024-25
+3%2024–2025
351-1% 12 mo to Jul 2024LinkedIn · Jul 2026
26 yr2000
6postings · last posted Aug 2026

Provider of IT services suite solutions

Iot services
₹154.70 crFY 2024-25
+8%2024–2025
436LinkedIn · Jul 2026
20 yr2006
2postings · last posted Sep 2026

Provider of wireless, AI, product engineering, digital transformation, and test automation solutions.

It services
₹137.94 crFY 2024-25
+11%2024–2025
770+1% vs previous recordLinkedIn · Jul 2026
8 yr2018
18postings · last posted Sep 2026

Radius Synergies International Pvt. Ltd. is a company that focuses on seamless integration of humans and machines through their smart cloud-based platform for energy management.

Iot services
₹134.39 crFY 2024-25
+15%2024–2025
312LinkedIn · Jul 2026
18 yr2008
0none in 3 months · last posted Jun 2026

Provider of testing and certification services for electronic devices

Iot services
₹127.68 crFY 2024-25
+16%2024–2025
556-5% 12 mo to Mar 2024recorded Mar 2024
21 yr2005
2postings · last posted Aug 2026

Provider of wireless infrastructure services

Iot services
₹125.25 crFY 2024-25
+72%2024–2025
430LinkedIn · Jul 2026
23 yr2003
0none in 3 months

Manufacturer of solder wire, sticks, flux, and paste for electronics assembly

Iot services
₹119.66 crFY 2024-25
+28%2024–2025
—Not available
25 yr2001
0none in 3 months
50 of 1,256 companies shown here · the full list is on Radar
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Explore IoT services companies in India by what you are looking for

Browse IoT services companies in India, from IoT application development services to IT services companies and electronics manufacturing partners. Find IoT startups in India and top IT services companies in India.

9 ways to explore iot services in India

IT services & software development companiesIoT application development & platform companiesAI, data science & blockchain services companiesElectronics manufacturing & hardware design companiesRobotics, drone & automation services companiesEnergy management & surveillance IoT companies

IT services & software development companies

IT services, software and mobile app development companies with IoT capability.

  1. Bosch Global Software Technologies

    Provider of end-to-end engineering, IT, and business solutions

    Iot services
    See in list
  2. PHN Technology

    Provider of STEM education solutions for schools and colleges

    It services
    See in list
  3. PC Solutions

    Provider of software & mobile application development, networking, cloud, and security consulting services

    Digital transformation services
    See in list
  4. Mirafra Software Technologies

    Semiconductor design and embedded software development services

    Digital transformation services
    See in list
  5. Path Infotech

    Provider of IT services, enterprise digital transformation, AI, and automation

    Iot services
    See in list

IoT application development & platform companies

Companies building IoT applications, platforms and connected products.

  1. Daksh IIoT

    Provider of IIoT solutions that acquire data from manufacturing units/plants and convert it into shareable knowledge

    Iot services
    See in list
  2. Sasken

    Provider of IT, product engineering and digital transformation services

    It services
    See in list
  3. Actis

    Provider of audio and video solutions, videoconferencing, collaboration and smart lighting systems

    Audio services
    See in list
  4. Meslova

    Meslova Systems

    Iot services
    See in list
  5. Lotus Wireless Technologies

    Provider of wireless infrastructure services

    Iot services
    See in list

AI, data science & blockchain services companies

AI, machine learning, data science and blockchain solution providers.

  1. Path Infotech

    Provider of IT services, enterprise digital transformation, AI, and automation

    Iot services
    See in list
  2. Truminds

    Provider of IT, IOT and machine learning services

    Iot services
    See in list
  3. Azilen

    Enterprise Software & Application Development Company

    It services
    See in list
  4. Dataevolve

    Provider of web & application development, cybersecurity and cloud services

    Blockchain services
    See in list
  5. Quarks

    Provider of IT consulting, outsourcing, and development services

    Iot services
    See in list

Electronics manufacturing & hardware design companies

EMS, PCB, semiconductor design and embedded hardware providers.

  1. VVDN

    Provider of software, product engineering, and electronic manufacturing services & solutions

    Electronic manufacturing services
    See in list
  2. SFO Technologies

    Provider of ODM Plus solutions

    Manufacturing services
    See in list
  3. Sasken

    Provider of IT, product engineering and digital transformation services

    It services
    See in list
  4. Mirafra Software Technologies

    Semiconductor design and embedded software development services

    Digital transformation services
    See in list
  5. TAAL Tech

    Provider of IoT development and engineering consulting services

    Iot services
    See in list

Robotics, drone & automation services companies

Robotics engineering, drones and industrial automation service providers.

  1. Amnex

    Provider of precision agriculture solutions

    It services
    See in list
  2. Black Eye Technologies

    Developer of AI-based IoT devices

    Iot services
    Website
  3. DayBest

    Provider of drone enabled agricultural monitoring and analysis solutions

    Crop tech
    Website
  4. CARIMO Technologies

    Provider of AI and industrial automation solutions

    Ai services
    Website
  5. Yantrabot

    Provider of robotics, automation, and manufacturing solutions with expertise in embedded software design and control system design

    Iot services
    Website

Energy management & surveillance IoT companies

Solar, energy efficiency, security and surveillance technology providers.

  1. Transline Technologies

    Provider of IoT, network surveillance, data center, and other services

    Physical security services
    See in list
  2. Bay Datacom

    Provider of CCTV surveillance, network & security services

    Physical security services
    See in list
  3. Igzy

    Provider of IoT consulting and e-surveillance services

    Physical security services
    Website
  4. Oorja On Move Infra

    Provider of solar installation, smart city, and homes services

    Solar energy
    Website
  5. Bitvivid Solutions

    Provider of AI-based video, sound, and data analytic solutions for smart cities

    Big data analytics
    Website

IoT services startups in India

Recently founded IoT services companies in India.

  1. DIZO

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

    Iot services
    See in list
  2. Engro Technologies

    Provider of IoT and software development services

    Iot services
    Website
  3. Metayb

    AI powered decision support software for enterprises

    Iot services
    Website
  4. Future Algorithms

    Provider of digital solutions for industries

    Iot services
    Website
  5. Optiwattiot

    IoT based technology company that enables real time monitoring and data analysis across various industries

    Iot services
    Website
104 companies in India

IoT services companies hiring in India

IoT services employers in India with open roles.

  1. Bosch Global Software Technologies

    Provider of end-to-end engineering, IT, and business solutions

    Iot services
    See in list
  2. SFO Technologies

    Provider of ODM Plus solutions

    Manufacturing services
    See in list
  3. Amnex

    Provider of precision agriculture solutions

    It services
    See in list
  4. Sasken

    Provider of IT, product engineering and digital transformation services

    It services
    See in list
  5. PC Solutions

    Provider of software & mobile application development, networking, cloud, and security consulting services

    Digital transformation services
    See in list
45 companies in India

Listed IoT services companies in India

Publicly listed IoT and IT services companies in India.

  1. Sasken

    Provider of IT, product engineering and digital transformation services

    It services
    See in list
  2. Mindteck

    Mindteck provides IT & Product Engineering Services

    It services
    See in list
  3. Panache Digilife

    IoT devices manufacturing, distribution and services firm

    Iot services
    See in list
  4. Bartronics

    Manufacturer of smart cards & RFID

    Iot services
    See in list
  5. Cybermate Infotek

    Provider of IT services suite solutions

    Iot services
    Website
8 companies in India
Mobile reach

Top 10 iot services apps from India

The most-installed Android apps published by iot services companies headquartered in India — 13.3M installs between them. 145 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

GSRTC Live Tracking

by Amnex

Installs5.0M
Rating4.015K ratings
Last updatedJun 2026
View on Google Play ↗
GSRTC Live Tracking screenshot 1GSRTC Live Tracking screenshot 2GSRTC Live Tracking screenshot 3GSRTC Live Tracking screenshot 4GSRTC Live Tracking screenshot 5GSRTC Live Tracking screenshot 6
4

Bills Reminder

by Ascent24

Installs587K
Rating3.5618K ratings
Last updatedNov 2025
View on Google Play ↗
Bills Reminder screenshot 1Bills Reminder screenshot 2Bills Reminder screenshot 3Bills Reminder screenshot 4Bills Reminder screenshot 5Bills Reminder screenshot 6
8

Young Inspirators Network

by Foxberry

Installs232K
Rating—
Last updatedFeb 2026
View on Google Play ↗
Young Inspirators Network screenshot 1Young Inspirators Network screenshot 2Young Inspirators Network screenshot 3Young Inspirators Network screenshot 4Young Inspirators Network screenshot 5Young Inspirators Network screenshot 6
9

40 Durood Sharif with audio

by Peerbits

Installs166K
Rating4.75631 ratings
Last updatedNov 2016
View on Google Play ↗
40 Durood Sharif with audio screenshot 140 Durood Sharif with audio screenshot 240 Durood Sharif with audio screenshot 340 Durood Sharif with audio screenshot 4
The business behind the activity

IoT Services financials in India

Revenue, profit and growth from the filed annual accounts of 452 iot services companies in India for FY24-25 — 573 of the 1,256 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 71% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹28,786.23 cr

452 companies filing accounts

combined net profit₹2,254.26 cr

7.8% aggregate margin

are profitable69%

312 of 452 companies

median revenue~₹2.0 cr

the typical company

median revenue growth+11%

into FY24-25

earned by the top five71%

revenue concentration

Six-year view

Combined revenue of filing companies

₹12,409.47 crFY19-20399 filers
₹10,725.44 crFY20-21445 filers
₹13,526.73 crFY21-22461 filers
₹20,111.34 crFY22-23464 filers
₹24,526.69 crFY23-24470 filers
₹28,786.23 crFY24-25452 filers

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

Like-for-like

The same 401 companies over three years

+43%
FY22-23₹19,425.33 cr₹1,710.65 cr net
FY23-24₹23,405.96 cr₹1,961.05 cr net
FY24-25₹27,819.60 cr₹2,082.11 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 cr17045% profitable
₹1–10 cr16276% profitable
₹10–100 cr9693% profitable
₹100–1,000 cr21100% profitable
Over ₹1,000 cr3100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking158
0–20%108
20–50%78
50–100%31
Doubled+57

432 companies with accounts for both years; median growth +11%.

Profitability

Profit is concentrated at the top

312profitable
137loss-making
7.8%aggregate margin
2.1%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
PHN TechnologyPHN TECHNOLOGY PRIVATE LIMITED+548%₹612.80 cr
Bay DatacomBAY DATACOM SOLUTIONS PRIVATE LIMITED+399%₹223.95 cr
BRiOTBRIOT TECHNOLOGIES PRIVATE LIMITED+307%₹20.38 cr
KyrosKYROS SOFT-TECH LIMITED₹22.37 cr
TaconsystemsTACON SECURITY SYSTEM PRIVATE LIMITED
AmnexAMNEX INFOTECHNOLOGIES PRIVATE LIMITED+164%₹707.77 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
VeloxcoreVELOXCORE PRIVATE LIMITED42.8%₹12.86 cr
TudipTUDIP TECHNOLOGIES PRIVATE LIMITED
Unwired LabsUNWIRED LABS (INDIA) PRIVATE LIMITED27.7%
AmnexAMNEX INFOTECHNOLOGIES PRIVATE LIMITED23.6%₹707.77 cr
RedBlackTreeREDBLACKTREE TECHNOLOGIES PRIVATE LIMITED22.0%₹16.28 cr
Nectar InfotelNECTAR INFOTEL SOLUTIONS PRIVATE LIMITED21.6%₹25.52 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Iot services351₹17,224.38 cr~₹1.6 cr67%9.6%
It services45₹2,509.97 cr~₹6.1 cr82%13.8%
Ai services6₹36.28 cr~₹4.5 cr83%3.3%
Leaders

Largest iot services companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Bosch Global Software TechnologiesBOSCH GLOBAL SOFTWARE TECHNOLOGIES PRIVATE LIMITED₹12,676.90 cr₹1,378.90 cr10.9%+7%
VVDNVVDN TECHNOLOGIES PRIVATE LIMITED₹3,859.66 cr₹36.85 cr1.0%+79%
SFO TechnologiesSFO TECHNOLOGIES PRIVATE LIMITED₹2,668.57 cr₹69.43 cr2.6%+7%
AmnexAMNEX INFOTECHNOLOGIES PRIVATE LIMITED₹707.77 cr₹167.09 cr23.6%+164%
PHN TechnologyPHN TECHNOLOGY PRIVATE LIMITED₹612.80 cr₹85.95 cr14.0%+548%
SaskenSASKEN TECHNOLOGIES LIMITED₹507.79 cr₹48.75 cr9.6%+21%
Daksh IIoTAVL INDIA PRIVATE LIMITED₹447.55 cr₹39.23 cr8.8%+21%
PC SolutionsPC SOLUTIONS PRIVATE LIMITED₹404.13 cr₹10.34 cr2.6%+24%
Transline TechnologiesTransline Technologies Limited₹371.91 cr₹48.33 cr13.0%+64%
Mirafra Software TechnologiesMIRAFRA SOFTWARE TECHNOLOGIES PRIVATE LIMITED₹350.28 cr₹5.09 cr1.5%+31%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

Industry landscape report

Accounting and Tax Software Industry Landscape of India

The financials above are one chapter. The full iot services 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 iot services 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

IoT Services funding and M&A across India

67 recorded equity rounds have gone to 1,414 iot services 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 months1

US$82.00m

equity rounds, last 24 months3

US$134.01m

raised over five yearsUS$231.17m

25 rounds in India

M&A deals, India8

last 24 months

Capital by year

Equity funding into iot services in India

amount rounds
$4.8m20187
$38m20197
$94k20202
$345k20216
$2.8m20225
$87m20238
$6.7m20244
$52m20251
$82m20261

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2023, with US$87.37m across 8 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$3.90m6 rounds · median US$107k
SeedUS$2.92m11 rounds · median US$143k
Series AUS$52.00m1 rounds · median US$52.00m
Series BUS$6.48m2 rounds · median US$6.48m
Series D+US$83.87m4 rounds · median US$20.55m
Private equityUS$82.00m1 rounds · median US$82.00m
Where the money went · five years

Most-funded sub-sectors

Electronic manufacturing servicesUS$87.44m5 rounds · 1 companies
Manufacturing servicesUS$82.00m1 rounds · 1 companies
It servicesUS$52.00m1 rounds · 1 companies
Physical security servicesUS$6.48m2 rounds · 1 companies
Iot servicesUS$3.02m13 rounds · 10 companies
PaymentsUS$237k2 rounds · 1 companies
3d printingUS$0k1 rounds · 1 companies
Corporate activity · last 24 months

M&A in India

8Acquisition

Most active acquirers

  1. Sasken3
  2. Phoenix2
  3. Quest global1
  4. Bartronics india1
  5. Stellex Industries1

Most acquired or merged

  1. Bitsilica1
  2. AYOU1
  3. BORQS International Holding Corp1
  4. Phoenix1
  5. Botnia Hightech1

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

IoT Services funding in India

23 iot services companies in India have recorded equity funding, US$341.83m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in India

Meet the people behind iot services companies in India. 411 of 1,256 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore India iot services companies by sub-sector

The most common specialisations among iot services companies in India. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring iot services in India and nearby markets.

Coming soon