Company lists
The Maharashtra edition · 2026

IoT Servicescompanies in Maharashtra

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

248 company profiles77 with reported revenue5 with recorded fundingOctober 2026 edition
Maharashtra · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 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

Kochi-headquartered electronics manufacturing services company SFO Technologies has raised approximately $82 million in a funding round led by growth-stage private equity fund Trident…

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 · 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
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
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 Maharashtra, by revenue

Browse iot services 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 77 iot services 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

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 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

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
1postings · last posted Aug 2026

IoT devices manufacturing, distribution and services firm

Iot services
₹116.82 crFY 2024-25
+17%2024–2025
12-20% 12 mo to Sep 2024recorded Sep 2024
26 yr2000
0none in 3 months

Provides application development and cloud services

Supply chain services
₹82.65 crFY 2024-25
+0%2024–2025
640-5% 12 mo to Sep 2024LinkedIn · Jul 2026
16 yr2010
0none in 3 months · last posted Jun 2026

Provider of assurance maintenance services

Iot services
₹78.90 crFY 2024-25
+2%2024–2025
129-3% 12 mo to Sep 2024LinkedIn · Jul 2026
31 yr1995
0none in 3 months

Provider of building automation, CCTV, access control, fire detection, and other services

Iot services
₹70.47 crFY 2024-25
-7%2024–2025
143-6% 12 mo to Sep 2024LinkedIn · Jul 2026
25 yr2001
0none in 3 months

Provider of data analytics, BI consulting, automation testing, and mobile application development services

Iot services
₹52.12 crFY 2024-25
+37%2024–2025
139+9% 12 mo to Sep 2024LinkedIn · Jul 2026
13 yr2013
1postings · last posted Sep 2026

Provider of digital twin technology for solar plants

It services
₹45.09 crFY 2024-25
+22%2024–2025
282+15% 12 mo to Jun 2023LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Provider of IT suite and diversified AI solutions

Iot services
₹38.41 crFY 2024-25
+33%2024–2025
413+8% 12 mo to Sep 2024LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Provider of engineering communication construction and equipment sales

Iot services
₹36.70 crFY 2024-25
+15%2024–2025
—Not available
23 yr2003
0none in 3 months

Technology solutions company that develops innovative products and services for smart cities, enhancing connectivity, sustainability, and efficiency through strategic partnerships and cutting-edge technology

Iot services
₹28.52 crFY 2024-25
+2%2024–2025
20LinkedIn · Jul 2026
9 yr2017
1postings · last posted Aug 2026

Provider of IT service suite and AI horizontal solutions

Iot services
₹25.52 crFY 2024-25
+1%2024–2025
163LinkedIn · Jul 2026
16 yr2010
0none in 3 months · last posted Jun 2026

Provider of smart city solutions focused on energy monitoring systems and environmental parameters, with a range of IoT products and services

Iot services
₹22.97 crFY 2024-25
+12%2024–2025
103+9% 12 mo to Sep 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months · last posted May 2026

Provider of IOT based digital ware house, factory, and transportation services

Iot services
₹20.38 crFY 2024-25
+307%2024–2025
29LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Company specializes in building management system and lighting control solutions

Iot services
₹17.53 crFY 2024-25
+72%2024–2025
26+50% 12 mo to Sep 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Provider of Industrial IoT solutions and consulting services

Digital transformation services
₹15.63 crFY 2024-25
-25%2024–2025
143LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Provider of software development, testing, design, and other services

Iot services
₹15.26 crFY 2024-25
+30%2024–2025
53+33% 12 mo to Aug 2024LinkedIn · Jul 2026
29 yr1997
0none in 3 months · last posted Jul 2026

Beauto Systems - Softwares, Mechatronics, Design, IOT, AI, UX, ML, CX, Digital Transformation Company

Iot services
₹12.59 crFY 2021-22
Not reported
78-24% 12 mo to Feb 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months · last posted Jun 2026

Company providing digital governance solutions for government and public sector companies

Services for government
₹13.53 crFY 2024-25
-5%2024–2025
143LinkedIn · Jul 2026
20 yr2006
0none in 3 months

Company specializing in systems engineering, embedded solutions, machine vision, AI, and IoT

Iot services
₹6.96 crFY 2024-25
-42%2024–2025
101LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Provider of IT service suite solutions

Iot services
₹6.85 crFY 2024-25
-11%2024–2025
59-4% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
1postings · last posted Sep 2026

Provider of Blockchain, IoT & AI development, cloud and digital transformation services

Blockchain services
₹5.76 crFY 2024-25
-9%2024–2025
18LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Provider of digital transformation and IoT services

Robotics services
₹4.89 crFY 2022-23
Not reported
20-91% 12 mo to Apr 2023LinkedIn · Jul 2026
25 yr2001
0none in 3 months

Provider of telecom network, signaling, and radio access network security services

Iot services
₹4.82 crFY 2024-25
+32%2024–2025
23LinkedIn · Jul 2026
12 yr2014
0none in 3 months
50 of 248 companies shown here · the full list is on Radar
Fliar Radar

Explore all 248 iot services companies in Maharashtra on Radar

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

Open iot services in Maharashtra on Radar
  • Every company, not just 50All 248 iot services 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.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
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Explore IoT services companies in Maharashtra by what you are looking for

Browse top IoT services companies in Maharashtra, including IoT application development services providers and IT services firms. You can also find IoT startups in Maharashtra and companies that are hiring.

8 ways to explore iot services in Maharashtra

IoT application development & solution providersIT services & software development companiesAI, machine learning & AR/VR servicesBlockchain development companiesElectronics design & manufacturing servicesDigital transformation & marketing services

IoT application development & solution providers

Companies building IoT applications, platforms and industrial IoT solutions.

  1. Actis

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

    Audio services
    See in list
  2. Marquistech

    Provider of testing and certification services for electronic devices

    Iot services
    See in list
  3. Panache Digilife

    IoT devices manufacturing, distribution and services firm

    Iot services
    See in list
  4. Plus Business Machines

    Provider of assurance maintenance services

    Iot services
    See in list
  5. Secutech Automation

    Provider of building automation, CCTV, access control, fire detection, and other services

    Iot services
    See in list

IT services & software development companies

Software development, cloud and IT consulting service providers.

  1. PHN Technology

    Provider of STEM education solutions for schools and colleges

    It services
    See in list
  2. Tudip

    Provides application development and cloud services

    Supply chain services
    See in list
  3. Thinkitive

    Provider of IT suite and diversified AI solutions

    Iot services
    See in list
  4. Nectar Infotel

    Provider of IT service suite and AI horizontal solutions

    Iot services
    See in list
  5. Indicus Software

    Provider of software development, testing, design, and other services

    Iot services
    See in list

AI, machine learning & AR/VR services

AI model development, computer vision and AR/VR development companies.

  1. Pratiti

    Provider of digital twin technology for solar plants

    It services
    See in list
  2. Thinkitive

    Provider of IT suite and diversified AI solutions

    Iot services
    See in list
  3. Nectar Infotel

    Provider of IT service suite and AI horizontal solutions

    Iot services
    See in list
  4. Websym Solutions

    Provider of digital transformation and IoT services

    Robotics services
    See in list
  5. Artificialmachines

    Provider of end-to-end electronic product design, development, and related services

    Printed circuit boards
    See in list

Blockchain development companies

Blockchain development and security service providers.

  1. CloudCompanions

    Provider of Blockchain, IoT & AI development, cloud and digital transformation services

    Blockchain services
    See in list
  2. SUJOSU Technology

    Provider of blockchain development services

    Iot services
    See in list
  3. QDnet

    Provider of blockchain security services

    Iot services
    See in list
  4. Sate Development

    Blockchain based solution provider

    Iot services
    Website
  5. Gray Matrix

    Provider of blockchain development services

    Ai services
    Website

Electronics design & manufacturing services

Embedded systems, PCB and electronics manufacturing and product design services.

  1. Acclivis

    Company specializing in systems engineering, embedded solutions, machine vision, AI, and IoT

    Iot services
    See in list
  2. Artificialmachines

    Provider of end-to-end electronic product design, development, and related services

    Printed circuit boards
    See in list
  3. Pinetics

    Provider of software and hardware product development services

    Manufacturing services
    See in list
  4. Resonating Mindz

    AI-based machine monitoring and predictive maintenance solution

    Iot services
    See in list
  5. Qualitat Systems

    Offers electronic manufacturing and consulting services

    Electronic manufacturing services
    Website

Digital transformation & marketing services

Digital transformation consultants and digital marketing and SEO agencies.

  1. PHN Technology

    Provider of STEM education solutions for schools and colleges

    It services
    See in list
  2. Interminddigital

    Provider of digital solutions including design, marketing, and technology services

    Iot services
    See in list
  3. InfinityX

    Provider of AI, ML, AR & VR, and other services

    Management consulting services
    See in list
  4. MindWorx

    Provider of digital marketing, SMO, SEO and PPC services

    Iot services
    See in list
  5. Kadvekar Consultancy Services

    Provider of web & mobile application development, digital marketing, database, and cloud solutions

    Iot services
    See in list

IoT services startups in Maharashtra

Newer IoT services companies founded in recent years; also popular as IoT startups India searches.

  1. iPlug

    iPlug – Life Simplified

    Iot services
    Website
  2. Sigmatronics Innovation

    Technology-focused company specializing in artificial intelligence, machine learning, internet of things, and smart data solutions

    Iot services
    Website
  3. Axons Lab

    Plug-and-play IoT solutions for industrial applications

    Iot services
    Website
  4. Unwired Connect

    Company is a research and development driven organization developing and manufacturing smart devices, controllers, and IoT solutions for various applications

    Iot services
    Website
  5. Netcreators Automation

    Provider of automation solutions for controlling and managing smart home devices, enabling users to remotely monitor and control their homes lighting, fans, and other appliances through a mobile app

    Iot services
    Website
15 companies in Maharashtra

IoT services companies hiring in Maharashtra

Companies in this sector with open roles right now.

  1. Marquistech

    Provider of testing and certification services for electronic devices

    Iot services
    See in list
  2. Tudip

    Provides application development and cloud services

    Supply chain services
    See in list
  3. Saviant Consulting

    Provider of data analytics, BI consulting, automation testing, and mobile application development services

    Iot services
    See in list
  4. Wizpro Consultech

    Technology solutions company that develops innovative products and services for smart cities, enhancing connectivity, sustainability, and efficiency through strategic partnerships and cutting-edge technology

    Iot services
    See in list
  5. Nectar Infotel

    Provider of IT service suite and AI horizontal solutions

    Iot services
    See in list
19 companies in Maharashtra
Mobile reach

Top 10 iot services apps from Maharashtra

The most-installed Android apps published by iot services companies headquartered in Maharashtra — 434K installs between them. 17 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
2

Milk Calendar

by Nextmegabyte

Installs132K
Rating—
Installs, year on year+28%
Last updatedApr 2026
View on Google Play ↗
Milk Calendar screenshot 1Milk Calendar screenshot 2Milk Calendar screenshot 3Milk Calendar screenshot 4Milk Calendar screenshot 5Milk Calendar screenshot 6
4

SWYAM SMART HOME

by MOBICORE

Installs4K
Rating—
Last updatedAug 2025
View on Google Play ↗
SWYAM SMART HOME screenshot 1SWYAM SMART HOME screenshot 2SWYAM SMART HOME screenshot 3SWYAM SMART HOME screenshot 4SWYAM SMART HOME screenshot 5SWYAM SMART HOME screenshot 6
6

GreatHR

by Tudip

Installs2K
Rating—
Last updatedFeb 2026
View on Google Play ↗
GreatHR screenshot 1GreatHR screenshot 2GreatHR screenshot 3GreatHR screenshot 4GreatHR screenshot 5GreatHR screenshot 6
8

Inventeam TOD

by Inventeam

Installs854
Rating—
Last updatedJan 2022
View on Google Play ↗
Inventeam TOD screenshot 1Inventeam TOD screenshot 2Inventeam TOD screenshot 3Inventeam TOD screenshot 4Inventeam TOD screenshot 5Inventeam TOD screenshot 6
9

iPlug

by iPlug

Installs377
Rating—
Last updatedJan 2023
View on Google Play ↗
iPlug screenshot 1iPlug screenshot 2iPlug screenshot 3iPlug screenshot 4iPlug screenshot 5iPlug screenshot 6
The business behind the activity

IoT Services financials in Maharashtra

Revenue, profit and growth from the filed annual accounts of 65 iot services companies in Maharashtra for FY24-25 — 89 of the 248 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 70% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹1,730.10 cr

65 companies filing accounts

combined net profit₹196.24 cr

11.3% aggregate margin

are profitable69%

45 of 65 companies

median revenue~₹1.9 cr

the typical company

median revenue growth+2%

into FY24-25

earned by the top five70%

revenue concentration

Six-year view

Combined revenue of filing companies

₹937.48 crFY19-2062 filers
₹879.95 crFY20-2168 filers
₹893.56 crFY21-2269 filers
₹1,416.55 crFY22-2366 filers
₹1,524.57 crFY23-2469 filers
₹1,730.10 crFY24-2565 filers

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

Like-for-like

The same 55 companies over three years

+72%
FY22-23₹1,003.53 cr₹112.04 cr net
FY23-24₹1,118.08 cr₹107.06 cr net
FY24-25₹1,725.58 cr₹196.51 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 cr2850% profitable
₹1–10 cr1867% profitable
₹10–100 cr15100% profitable
₹100–1,000 cr4100% profitable
Over ₹1,000 cr0—

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

Momentum

How fast revenue moved into FY24-25

Shrinking26
0–20%16
20–50%10
50–100%5
Doubled+5

62 companies with accounts for both years; median growth +2%.

Profitability

Profit is concentrated at the top

45profitable
20loss-making
11.3%aggregate margin
4.3%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
BRiOTBRIOT TECHNOLOGIES PRIVATE LIMITED+307%₹20.38 cr
KWH Tech ServicesKWH TECH SERVICES PRIVATE LIMITED+72%₹17.53 cr
Saviant ConsultingSAVIANT TECHNOLOGY CONSULTING & SOFTWARE DEVELOPMENT PRIVATE LIMITED+37%₹52.12 cr
ThinkitiveTHINKITIVE TECHNOLOGIES PRIVATE LIMITED+33%₹38.41 cr
Indicus SoftwareINDICUS SOFTWARE PRIVATE LIMITED+30%₹15.26 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
TudipTUDIP TECHNOLOGIES PRIVATE LIMITED42.0%₹80.30 cr
Nectar InfotelNECTAR INFOTEL SOLUTIONS PRIVATE LIMITED21.6%₹25.52 cr
ThinkitiveTHINKITIVE TECHNOLOGIES PRIVATE LIMITED18.7%₹38.41 cr
Saviant ConsultingSAVIANT TECHNOLOGY CONSULTING & SOFTWARE DEVELOPMENT PRIVATE LIMITED18.2%₹52.12 cr
MarquistechMARQUIS TECHNOLOGIES PRIVATE LIMITED16.0%₹127.68 cr
PHN TechnologyPHN TECHNOLOGY PRIVATE LIMITED14.0%₹612.80 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Iot services51₹678.11 cr~₹1.1 cr69%9.8%
Leaders

Largest iot services companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
PHN TechnologyPHN TECHNOLOGY PRIVATE LIMITED₹612.80 cr₹85.95 cr14.0%+548%
EVIOEVIO PRIVATE LIMITED₹269.08 cr₹6.02 cr+0%
MarquistechMARQUIS TECHNOLOGIES PRIVATE LIMITED₹127.68 cr₹20.47 cr16.0%+16%
Panache DigilifePANACHE DIGILIFE LIMITED₹116.78 cr₹5.86 cr5.0%+16%
TudipTUDIP TECHNOLOGIES PRIVATE LIMITED₹80.30 cr₹33.71 cr42.0%+0%
Secutech AutomationSECUTECH AUTOMATION (INDIA) PRIVATE LIMITED₹70.47 cr₹3.58 cr5.1%+27%
Plus Business MachinesPLUS BUSINESS MACHINES LIMITED₹52.30 cr₹2.68 cr5.1%-4%
Saviant ConsultingSAVIANT TECHNOLOGY CONSULTING & SOFTWARE DEVELOPMENT PRIVATE LIMITED₹52.12 cr₹9.50 cr18.2%+37%
PratitiPRATITI TECHNOLOGIES PRIVATE LIMITED₹44.82 cr₹1.83 cr4.1%+20%
ThinkitiveTHINKITIVE TECHNOLOGIES PRIVATE LIMITED₹38.41 cr₹7.18 cr18.7%+33%
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.

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 Maharashtra 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. Botnia Hightech1
  5. Phoenix1

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

IoT Services funding in Maharashtra

5 iot services companies in Maharashtra have recorded equity funding, US$1.32m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Maharashtra

Meet the people behind iot services companies in Maharashtra. 81 of 248 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Maharashtra iot services companies by sub-sector

The most common specialisations among iot services companies in Maharashtra. 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