Company lists
The Delhi edition · 2026

Manufacturing servicescompanies in Delhi

Electronics, contract manufacturing, metals & steel, plastics & polymers, auto components and more: the companies building manufacturing services in Delhi, with their founders, funding, team size and business models.

245 company profiles141 with reported revenue3 with recorded fundingOctober 2026 edition
Delhi · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent manufacturing services business events in India

Funding, M&A, contract wins and launches involving 4,434 manufacturing services companies in India, last 24 months: 203 Contracts · 88 M&A deals · 20 launches · 18 funding rounds. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

M&AAcquisition · Announced

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

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

Engineering Services
M&AAcquisition · Announced

Akkodis acquires Axiscades

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

Engineering Services
ContractSupply

Master components · client: Na

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

Industrial Manufacturing
M&AAcquisition · Completed

Cyient acquires Tao Digital

While engineering service provider Cyient bought Tao Digital for $218 million last week

Engineering service provider
M&AAcquisition · Announced

Cyient acquires TAO Digital Solutions

Cyient's, $218 million acquisition of TAO Digital is more than a traditional technology services deal.

AI-native data and product engineering
ContractSupply

Texmaco rail & engineering · client: Vedanta aluminium

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

Rail
M&AAcquisition · Announced

Akkodis acquires Axiscades

The transaction involves Akkodis acquiring 100% of AXISCADES' Engineering Services practice, with the consideration pegged at approximately US$30.63 million.

Engineering Services
M&AMerger · Announced

Jsw steel acquires Bmm Ispat

JSW Steel on Thursday said its board has approved raising up to ₹14,000 crore through a mix of non-convertible debentures, warrants and equity-linked instruments, while also clearing the…

Steel
M&AAcquisition · Completed

Krishna defence & allied industries acquires Taharabadkar Solutions Pvt Ltd

KDAIL has completed the acquisition of a 46.81% stake in Taharabadkar Solutions Pvt Ltd (TSPL), a defence-focused startup incorporated on 11th March 2025. The acquisition was completed…

Defence – Smart Weapons & Guided Ammunition Systems
M&AAcquisition · Completed

Donaldson company acquires Facet filtration

Donaldson Company has completed its previously announced acquisition of Facet Filtration strengthening its position in technology-led filtration products and solutions.

Filtration
ContractInfrastructure

Praxair india · client: Deepak Chem Tech Limited

Deepak Chem Tech Limited (DCTL) ... entered into a long‑term agreement with Praxair India ... to establish a hydrogen and carbon monoxide (HyCO) plant.

Chemical
FundingPreferential issue of convertible warrants

Steel exchange india

Steel Exchange India Limited has received an aggregate amount of ₹75 Crore from M/s India Coke and Power Private Limited and M/s IMR Steel Private Limited towards subscription of…

Investors M/s India Coke and Power Private Limited, M/s IMR Steel Private Limited
Steel manufacturing
ContractSupply

Pritika auto industries · client: US-based conglomerate

Chandigarh-based Pritika Auto Industries, the flagship company of the Pritika Group of industries, today announced that it has bagged its first export order for machined castings. The…

Machined castings
ContractTechnology

Tata technologies · client: global EV battery manufacturer

Engineering services major Tata Technologies has secured a major contract to design and develop batteries for a global EV battery manufacturer, the company reported today along with its…

Automotive
ContractService

Tata technologies · client: Vinfast

We've almost completed the development of the two electric vehicles that were outsourced to Tata Technologies on a turnkey basis, and our activities are now transitioning to launch support.

Automotive
ContractSupply

Texmaco rail & engineering · client: Ultratech cement

Texmaco Rail & Engineering has secured a significant order valued at ₹27.18 crores from Ultratech Cement Limited. The order involves the supply of one rake of BCFC M1 wagons along with…

Railway
LaunchALAISA (Aluminium AI Support Agent)

Vedanta aluminium

Vedanta Aluminium has introduced a first‑of‑its‑kind AI‑powered humanoid assistant, ALAISA (Aluminium AI Support Agent), at Bharat Aluminium Company Limited, marking a significant step…

ContractInfrastructure

Cingle Steel & Power Pvt. Ltd. · client: Vedanta aluminium

Vedanta Aluminium signed a Memorandum of Understanding (MoU) with two companies on Friday to establish its manufacturing units in the Vedanta Aluminium Park proposed in Jharsuguada, Odisha.

Aluminium
ContractInfrastructure

SCOT-AL Metcon Private Limited · client: Vedanta aluminium

Vedanta Aluminium signed a Memorandum of Understanding (MoU) with two companies on Friday to establish its manufacturing units in the Vedanta Aluminium Park proposed in Jharsuguada, Odisha.

Aluminium
Contract

Singhal Steel & Power Pvt. Ltd · client: Vedanta aluminium

Vedanta Aluminium, India’s largest aluminium producer, has taken a significant step towards building a robust downstream ecosystem by signing a Memorandum of Understanding (MoU) with two…

Industrial downstream manufacturing
ContractSupply

Agrawal Infracab · client: Vibhor steel tubes

Vibhor Steel Tubes Limited (VSTL) has secured a new order worth ₹16.87 crore for the supply of fabricated and galvanised steel towers from Agrawal Infracab, a manufacturer of cables and…

Infrastructure
M&AAcquisition · Announced

TVS Holdings acquires Home Credit India Finance

TVS Holdings has subscribed to and has been allotted an additional 229,139,017 equity shares of Rs 10/- each in Home Credit India Finance, the company said in a stock exchange filing.…

ContractInfrastructure

JNK India · client: JNK Global Co., Ltd.

Wins Major Contract JNK India confirmed it has secured a “major” category order from its promoter entity, JNK Global, for a refinery project in India.

Energy
M&AAcquisition · Announced

AMI Paradigm Solutions Private Limited acquires L&t technology services

AMI Paradigm Solutions Private Limited (AMIPS), promoted by the AM Group and ParadigmIT Services Technology Private Limited, on Thursday announced the signing of a binding agreement to…

Engineering Services
ContractSupply

Vibhor steel tubes · client: Agrawal Infracab

Mumbai : Haryana-based high-quality steel tubes and pipes maker, Vibhor Steel Tubes Ltd (VSTL), has received Rs 16.87 crore order for supply of fabricated and galvanised towers from…

M&AAcquisition · Announced

Kratos Defense & Security Solutions acquires Orbit technologies

Kratos is in the process of buying Israeli satellite mobile systems company Orbit Technologies for $356.3 million, with the deal expected to close at the end of March.

LaunchATOOT Fe 550D TMT bars

Jai raj ispat

Jai Raj Ispat Limited has introduced a new grade of thermomechanically treated bars with the launch of ATOOT Fe 550D TMT bars, aimed at meeting structural requirements in infrastructure…

TMT bar
M&AAcquisition · Completed

Spectrum electrical industries acquires Alric Electric Private Limited

Spectrum Electrical Industries Limited has successfully completed its acquisition of Alric Electric Private Limited, marking a significant milestone in the company's expansion strategy.

Electrical
ContractSupply

Best power equipments · client: Na

Best Power Equipments (India) Pvt Ltd (BPE), India’s leading provider of technologically advanced power solutions, data centre solutions and Battery Energy Storage Systems (BESS), has…

M&ATakeover · Announced

Aspect Global Ventures Private Limited acquires Iykot hitech toolroom

Iykot Hitech Toolroom Limited faces a mandatory open offer from Aspect Global Ventures Private Limited, as the acquirer seeks to purchase up to 26,98,298 equity shares at ₹8.50 per share…

Injection molding services

Manufacturing services companies in Delhi, by revenue

Browse manufacturing services companies in Delhi 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 141 manufacturing services companies in Delhi 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 engineering consulting, supply chain, and EPC services

Engineering consulting
₹3,500.02 crFY 2023-24
Not reported
4,778-52% 12 mo to Sep 2024LinkedIn · Jul 2026
61 yr1965
0none in 3 months

Best Gi Steel Pipes, ERW Pipes Manufacturers in India

Manufacturing services
₹2,700.47 crFY 2023-24
Not reported
1,155recorded
41 yr1985
—No postings tracked

Global leader in specialty films for packaging, lamination, and labeling applications, aiming to become a leader in the fields of gastroenterology and dermatology

Manufacturing services
₹2,655.30 crFY 2023-24
Not reported
403+11% 12 mo to Sep 2024LinkedIn · Jul 2026
45 yr1981
0none in 3 months · last posted Jun 2026

Manufacturer of track maintenance, laying, and renewal machines

Manufacturing services
₹2,511.41 crFY 2022-23
Not reported
1,031LinkedIn · Jul 2026
61 yr1965
0none in 3 months

Manufacturer of stainless steel bars, wires, and other products

Manufacturing services
₹1,403.14 crFY 2024-25
+9%2024–2025
487+35% 12 mo to Mar 2024LinkedIn · Jul 2026
28 yr1998
0none in 3 months

Manufacturer of wires and cables

Manufacturing services
₹1,180.42 crFY 2024-25
+13%2024–2025
19LinkedIn · Jul 2026
32 yr1994
0none in 3 months

Manufacturer of conveying solutions

Manufacturing services
₹660.17 crFY 2022-23
Not reported
190LinkedIn · Jul 2026
54 yr1972
—No postings tracked

Manufactures forged, cast, and machined auto components

Manufacturing services
₹630.30 crFY 2024-25
+10%2024–2025
1,396-3% 12 mo to Mar 2024LinkedIn · Jul 2026
41 yr1985
0none in 3 months

Developer of clean indoor climates for critical manufacturing industries

Manufacturing services
₹611.91 crFY 2024-25
+42%2024–2025
364LinkedIn · Jul 2026
16 yr2010
0none in 3 months

Manufacturer of carbon, alloy, stainless & duplex steel

Metals and alloys
₹581.71 crFY 2024-25
-7%2024–2025
53-9% 12 mo to Sep 2024LinkedIn · Jul 2026
42 yr1984
0none in 3 months

Designer, manufacturer, supplier, and marketer of electrical accessories

Manufacturing services
₹545.32 crFY 2022-23
Not reported
339LinkedIn · Jul 2026
58 yr1968
0none in 3 months · last posted May 2026

Manufacturer and supplier of masterbatches

Manufacturing services
₹568.08 crFY 2024-25
+8%2024–2025
295+72% 12 mo to Sep 2024LinkedIn · Jul 2026
33 yr1993
0none in 3 months

Manufacturer of telecom towers, solar power structures, and railway electrification components

Manufacturing services
₹546.68 crFY 2023-24
Not reported
68LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Manufacturer of precision component

Manufacturing services
₹521.19 crFY 2024-25
-1%2024–2025
199+5% 12 mo to Sep 2024LinkedIn · Jul 2026
40 yr1986
0none in 3 months

Manufacturer of steel products

Manufacturing services
₹516.30 crFY 2024-25
+15%2024–2025
67+32% 12 mo to Sep 2024LinkedIn · Jul 2026
31 yr1995
0none in 3 months

Manufacturer of precision measuring instruments

Manufacturing services
₹427.77 crFY 2022-23
Not reported
127+7% 12 mo to Sep 2024recorded Sep 2024
30 yr1996
—No postings tracked

Manufacturer of paper products

Manufacturing services
₹450.28 crFY 2024-25
+10%2024–2025
10LinkedIn · Jul 2026
36 yr1990
0none in 3 months

SNB Enterprises

Manufacturing services
₹391.60 crFY 2024-25
+16%2024–2025
23LinkedIn · Jul 2026
24 yr2002
0none in 3 months

Manufacturer of wires, cables, and conductors

Manufacturing services
₹356.17 crFY 2024-25
+17%2024–2025
375recorded
43 yr1983
0none in 3 months

Manufacturer of copper and aluminium wires and strips, catering to various industries

Manufacturing services
₹342.19 crFY 2024-25
+54%2024–2025
—Not available
14 yr2012
0none in 3 months

Provider of polycarbonate manufacturing services

Manufacturing services
₹338.90 crFY 2024-25
-18%2024–2025
82+9% 12 mo to Sep 2024recorded Sep 2024
16 yr2010
0none in 3 months

Provider of recycle based paper manufacturing services

Manufacturing services
₹285.85 crFY 2021-22
+34%2021–2022
—Not available
38 yr1988
0none in 3 months

Manufacturer & supplier of PVC pipes and fittings

Manufacturing services
₹317.08 crFY 2024-25
-19%2024–2025
3+49% 12 mo to Sep 2024LinkedIn · Jul 2026
38 yr1988
0none in 3 months

Manufacturer of aluminum alloy wire for various applications

Manufacturing services
₹314.59 crFY 2024-25
+33%2024–2025
18+8% 12 mo to Sep 2024LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Providerof wire division, steel products, and others

Manufacturing services
₹307.86 crFY 2024-25
+20%2024–2025
—Not available
26 yr2000
0none in 3 months
50 of 245 companies shown here · the full list is on Radar
Fliar Radar

Explore all 245 manufacturing services companies in Delhi on Radar

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

Open manufacturing services in Delhi on Radar
  • Every company, not just 50All 245 manufacturing services companies in Delhi, 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 manufacturing services companies in Delhi by what you are looking for

Find manufacturing services companies in Delhi, from electronic manufacturing services and contract manufacturing to metals, plastics and auto components. Browse the top manufacturing service providers in Delhi, listed companies and startups.

9 ways to explore manufacturing services in Delhi

Electronic manufacturing services (EMS) companiesContract manufacturing & industrial goods manufacturersMetal, steel & alloy manufacturersPlastics, polymers & chemicals manufacturersAuto components & machinery manufacturersEngineering consulting & supply chain services

Electronic manufacturing services (EMS) companies

Makers of electronic components, displays and electronic products.

  1. Fybros

    Designer, manufacturer, supplier, and marketer of electrical accessories

    Manufacturing services
    See in list
  2. Palas

    Provider of touchscreens for multiple applications

    Display technology
    Website
  3. Auslese Robotics

    Online store offering robotics, DIY, and IoT products in India.

    Manufacturing services
    Website
  4. SoftCircuits

    Provider of application development services

    It services
    Website
  5. Steelage India

    Provider of security and fire safety services for homes, businesses, and industries

    Industrial safety
    Website

Contract manufacturing & industrial goods manufacturers

Manufacturers of industrial goods and machinery for other businesses.

  1. Plasser India

    Manufacturer of track maintenance, laying, and renewal machines

    Manufacturing services
    See in list
  2. Arisestore

    Manufacturer of consumer electronics and home appliances

    Manufacturing services
    Website
  3. Ambicasteels

    Manufacturer of stainless steel bars, wires, and other products

    Manufacturing services
    See in list
  4. GEMSCAB

    Manufacturer of wires and cables

    Manufacturing services
    See in list
  5. Forech

    Manufacturer of conveying solutions

    Manufacturing services
    See in list

Metal, steel & alloy manufacturers

Steel, stainless steel and metal product manufacturers.

  1. Amtek Industries

    Manufactures forged, cast, and machined auto components

    Manufacturing services
    See in list
  2. KL Steels

    Manufacturer of carbon, alloy, stainless & duplex steel

    Metals and alloys
    See in list
  3. Jindal Fittings

    Jindal saw is an art manufacturing company.

    Manufacturing services
    Website
  4. Optimum Steels

    Supplier of tinplate and steel products

    Manufacturing services
    Website
  5. METAL COATINGS

    Manufacturer of cold rolled steel strips and coils

    Manufacturing services
    See in list

Plastics, polymers & chemicals manufacturers

Makers of polymers, plastic moulds, films and industrial chemicals.

  1. Indian Toners and Developers

    Manufacturer of chemical colour toner products for printers

    Dyes pigments and inks
    See in list
  2. Avon Mould & Dies

    Manufacturer of plastic injection moulds

    Polymers
    Website
  3. Harman Bawa

    Manufacturer of wire enamels, impregnating resins & insulating varnishes

    Manufacturing services
    See in list
  4. Rawble.com

    Online marketplace providing raw materials and ingredients for various industries

    Manufacturing services
    Website
  5. Metro Rubber

    Manufacturer of rubber products, predominantly sheets, and mats

    Diversified materials
    Website

Auto components & machinery manufacturers

Automotive parts, fasteners, forgings and construction machinery makers.

  1. MFL

    Manufacturer of industrial fasteners bolts, studs, and screws

    Auto components
    See in list
  2. Advance Forgings

    Manufacturer of intricate closed die steel forgings, machined forgings, and sheet metal stampings

    Auto components
    See in list
  3. Aeroking Hitech

    Manufacturer of compactor, concrete mixer, crane, and other construction equipment

    Construction equipment and machinery
    Website
  4. Mittal Intellectual Properties

    Manufacturer of pressure and flow control devices

    Manufacturing services
    Website
  5. Thermosol Glass

    Glass product manufacturing company

    Manufacturing services
    Website

Engineering consulting & supply chain services

Engineering consultants, freight forwarders and supply chain service providers.

  1. Engineers India

    Provider of engineering consulting, supply chain, and EPC services

    Engineering consulting
    See in list
  2. SteelonClick

    Online marketplace providing steel products at wholesale rates directly from manufacturers.

    Manufacturing services
    See in list
  3. LARAON

    Provider of engineering and consulting services for automation and control systems

    Engineering consulting
    Website
  4. SRV Controls

    Distributor of variety of safety cutters

    Supply chain services
    Website
  5. Cilinspect

    Quality control service provider offering a wide range of inspection and testing services for various industries and products

    Manufacturing services
    Website

Listed manufacturing services companies in Delhi

Publicly listed manufacturing companies based in Delhi.

  1. Engineers India

    Provider of engineering consulting, supply chain, and EPC services

    Engineering consulting
    See in list
  2. Hitechpipes

    Best Gi Steel Pipes, ERW Pipes Manufacturers in India

    Manufacturing services
    See in list
  3. Cosmo First

    Global leader in specialty films for packaging, lamination, and labeling applications, aiming to become a leader in the fields of gastroenterology and dermatology

    Manufacturing services
    See in list
  4. Shivalik

    Manufacturer of precision component

    Manufacturing services
    See in list
  5. Divine Power Energy

    Manufacturer of copper and aluminium wires and strips, catering to various industries

    Manufacturing services
    See in list
22 companies in Delhi

Manufacturing services startups in Delhi

Recently founded manufacturing services companies in Delhi.

  1. SteelonClick

    Online marketplace providing steel products at wholesale rates directly from manufacturers.

    Manufacturing services
    See in list
  2. ELFIT

    Manufacturer of fire extinguishing products and systems

    Manufacturing services
    Website
  3. SPMESH HOUSE

    Provider of wire mesh products for various industrial applications

    Manufacturing services
    Website
  4. Wootz.work

    Manufacturer of custom engineered components, equipment, fabrications, and integrated systems

    Manufacturing services
    Website
  5. LinkerDesk

    Provider of services for elevator license consultancy and management

    Manufacturing services
    Website
18 companies in Delhi

Manufacturing services companies hiring in Delhi

Manufacturing services companies in Delhi with open roles.

  1. Cosmo First

    Global leader in specialty films for packaging, lamination, and labeling applications, aiming to become a leader in the fields of gastroenterology and dermatology

    Manufacturing services
    See in list
  2. Fybros

    Designer, manufacturer, supplier, and marketer of electrical accessories

    Manufacturing services
    See in list
  3. Harcomp Airflex

    Provider of turnkey HVAC contracting services, specializing in high side and low side HVAC projects

    Manufacturing services
    See in list
  4. Setlite

    Provider of services and spare parts support in the earthmoving equipment industry

    Manufacturing services
    See in list
  5. SteelonClick

    Online marketplace providing steel products at wholesale rates directly from manufacturers.

    Manufacturing services
    See in list
8 companies in Delhi
Mobile reach

Top 7 manufacturing services apps from Delhi

The most-installed Android apps published by manufacturing services companies headquartered in Delhi — 43K installs between them. 7 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 7
1

My Fybros

by Fybros

Installs22K
Rating—
Last updatedApr 2026
View on Google Play ↗
My Fybros screenshot 1My Fybros screenshot 2My Fybros screenshot 3My Fybros screenshot 4My Fybros screenshot 5My Fybros screenshot 6
2

Bluekaktus Sourcing

by BlueKaktus

Installs16K
Rating—
Last updatedJan 2026
View on Google Play ↗
Bluekaktus Sourcing screenshot 1Bluekaktus Sourcing screenshot 2Bluekaktus Sourcing screenshot 3Bluekaktus Sourcing screenshot 4Bluekaktus Sourcing screenshot 5Bluekaktus Sourcing screenshot 6
4

Orion by Wendor

by Wendor

Installs1K
Rating—
Last updatedFeb 2025
View on Google Play ↗
Orion by Wendor screenshot 1Orion by Wendor screenshot 2Orion by Wendor screenshot 3Orion by Wendor screenshot 4Orion by Wendor screenshot 5
6

Watrana APP Resource Planner

by Watrana

Installs627
Rating—
Last updatedJun 2024
View on Google Play ↗
Watrana APP Resource Planner screenshot 1Watrana APP Resource Planner screenshot 2Watrana APP Resource Planner screenshot 3
The business behind the activity

Manufacturing services financials in Delhi

Revenue, profit and growth from the filed annual accounts of 135 manufacturing services companies in Delhi for FY24-25 — 147 of the 245 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 40% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹23,162.84 cr

135 companies filing accounts

combined net profit₹1,142.00 cr

4.9% aggregate margin

are profitable91%

123 of 135 companies

median revenue~₹45.8 cr

the typical company

median revenue growth+9%

into FY24-25

earned by the top five40%

revenue concentration

Six-year view

Combined revenue of filing companies

₹13,812.42 crFY19-20119 filers
₹13,549.47 crFY20-21122 filers
₹20,193.58 crFY21-22126 filers
₹24,174.60 crFY22-23135 filers
₹22,434.71 crFY23-24138 filers
₹23,162.84 crFY24-25135 filers

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

Like-for-like

The same 127 companies over three years

+11%
FY22-23₹20,632.50 cr₹747.31 cr net
FY23-24₹21,566.84 cr₹686.38 cr net
FY24-25₹22,960.83 cr₹1,143.62 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 cr1471% profitable
₹1–10 cr1782% profitable
₹10–100 cr6095% profitable
₹100–1,000 cr3995% 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

Shrinking38
0–20%54
20–50%19
50–100%7
Doubled+15

133 companies with accounts for both years; median growth +9%.

Profitability

Profit is concentrated at the top

123profitable
12loss-making
4.9%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
Avighna SteelAVIGHNA STEEL PRIVATE LIMITED+229%₹222.90 cr
ELFITELFIT ENGINEERING PRIVATE LIMITED+188%₹45.85 cr
AavritiiAAVRITII INTERCONNECT PRIVATE LIMITED+134%₹43.15 cr
JV IndustriesJ V INDUSTRIES PRIVATE LIMITED
BlueKaktusRDPL DIGITAL VALUE ADDED SERVICES PRIVATE LIMITED+123%
SteelonClickSTEELONCLICK SERVICES PRIVATE LIMITED
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Lucent MarconsLUCENT MARCONS PRIVATE LIMITED23.8%
ShivalikSHIVALIK BIMETAL CONTROLS LIMITED16.1%₹449.59 cr
Engineers IndiaENGINEERS INDIA LIMITED14.5%₹3,198.00 cr
Shankar MouldingShankar Moulding Limited
IRC Engineering ServicesIRC ENGINEERING SERVICES INDIA PVT LTD10.4%₹31.30 cr
Behari Lal IspatBEHARI LAL ENGINEERING LIMITED10.3%₹516.30 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Manufacturing services120₹18,850.01 cr~₹46.8 cr92%3.5%
Leaders

Largest manufacturing services companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Engineers IndiaENGINEERS INDIA LIMITED₹3,198.00 cr₹465.24 cr14.5%-7%
HitechpipesHI-TECH PIPES LTD₹2,551.83 cr₹63.63 cr2.5%+16%
GEMSCABGEMSCAB INDUSTRIES LIMITED₹1,180.42 cr₹42.49 cr3.6%+13%
AmbicasteelsAMBICA STEELS LIMITED₹1,178.79 cr₹27.59 cr2.3%-4%
Avtar SteelAVTAR STEEL LIMITED3.4%+0%
ForechFORECH INDIA PRIVATE LIMITED₹719.62 cr₹73.55 cr10.2%-2%
FybrosBALAR MARKETING PVT LTD₹695.24 cr₹17.76 cr2.6%+17%
Amtek IndustriesRevent Precision Engineering Limited₹630.30 cr−₹40.89 cr-6.5%+10%
ACESAVANT GARDE CLEANROOM & ENGG. SOLUTIONS PRIVATE LIMITED₹611.91 cr₹58.67 cr9.6%+42%
KL SteelsK L STEELS PRIVATE LIMITED₹581.71 cr₹8.03 cr1.4%-7%
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

AdTech Industry Landscape of Delhi

The financials above are one chapter. The full manufacturing services landscape of Delhi 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 manufacturing services landscape of Delhi
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

Manufacturing services funding and M&A across India

93 recorded equity rounds have gone to 4,434 manufacturing services companies in India — how much, at which stage, into which sub-sectors, from whom, and how Delhi compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months6

US$175.19m

equity rounds, last 24 months13

US$416.77m

raised over five yearsUS$561.17m

41 rounds in India

M&A deals, India88

last 24 months

Capital by year

Equity funding into manufacturing services in India

amount rounds
$2.6m20185
$4.5m20193
$61k20203
$3.9m202112
$90m20226
$4.3m20234
$47m20247
$241m20256
$175m20266

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2025, with US$240.58m across 6 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$1.05m7 rounds · median US$92k
SeedUS$7.96m15 rounds · median US$580k
Series AUS$49.45m9 rounds · median US$4.81m
Series BUS$53.72m3 rounds · median US$26.86m
Series CUS$85.00m1 rounds · median US$85.00m
Series D+US$230.00m3 rounds · median US$115.00m
Private equityUS$133.99m3 rounds · median US$32.84m
Where the money went · five years

Most-funded sub-sectors

Manufacturing servicesUS$407.20m27 rounds · 18 companies
Electronic manufacturing servicesUS$130.08m2 rounds · 1 companies
CompositesUS$12.83m5 rounds · 1 companies
Aircraft parts and sub component manufacturersUS$10.11m2 rounds · 1 companies
Trust shopsUS$580k1 rounds · 1 companies
Manufacturing techUS$373k2 rounds · 1 companies
Scm softwareUS$0k1 rounds · 1 companies
Corporate activity · last 24 months

M&A in India

84Acquisition
2Merger
1Takeover

Most active acquirers

  1. Cyient7
  2. Hoffmann4
  3. Sellwin traders4
  4. Jindal3
  5. Tata technologies3

Most acquired or merged

  1. Axiscades3
  2. Gupta Power Infrastructure3
  3. A-1 sureja industries3
  4. Shaily engineering plastics3
  5. Altek electronics3

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

Founders and momentum in Delhi

Meet the people behind manufacturing services companies in Delhi. 91 of 245 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Keep exploring manufacturing services in India and nearby markets.

Coming soon