Radar · Manufacturing Services in India
Best Manufacturing Services Companies in India
The 2808 best Manufacturing Services companies in India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Amtek Industries.
By Riya SenguptaFinancials
2808companies tracked
$1.4Bdisclosed funding
2unicorns
83have raised
India's Manufacturing Services sector has 2,808 companies tracked in our directory, ranked here by disclosed equity funding and recent funding momentum. That $1.4B in total disclosed funding tells part of the story. The revenue picture tells a bigger one.
Across 3,463 filers, the combined revenue pool hits $64.2B, with a median company turning over roughly $5M and growing at 12% YoY. But the outsized earners are the real signal. Amns Khopoli posted $541M in net income, 3,691 times the sector median of $146,650. L&T Technology Services filed $1.2B in revenue at +11% YoY, and Viraj Profiles came in at $994M, even with a slight dip. So when you're scanning this list for where the real weight sits, those figures matter more than any funding round. I'd also flag that Merritronix moving toward IPO reflects a broader shift: Indian manufacturing services companies are maturing toward public markets, not just private capital. App installs across motor vehicle and electronics manufacturing are growing at +19% YoY, and coverage themes like tariff negotiations and manufacturing PMI are keeping this sector front of mind. The funding leaders, Rikun at $130M and Arise IIP at $85M, are worth watching.
Sources & further reading
- How India’s Addverb is Powering Innovation in Robotics and Automation
- US Clients On Wait-And-Watch Mode As Trump Admn Evaluates Outsourcing Tax
- Is GCC Insourcing Weakening IT Services Relationships?
FLIAR INTELLIGENCE · MANUFACTURING SERVICES × INDIA
Our analysis of 50 Manufacturing Services companies
$1.4b in tracked funding; 56% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2021.
50companies analysed
56%cloud-native stacks
2021funding peak (by rounds)
1997median founding year
49median Fliar Index™
2Mcombined LinkedIn audience
68%of audience held by top 3
7companies hiring publicly (12 mo)
Ranked: Best Manufacturing Services companies in India
| # | Company | Revenue | Disclosed funding | Revenue YoY | Employees | Founder | Tech stack | Market signals (1y) | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Vedanta Aluminium Producer of aluminum 74Fin. health top 20%Market top 22%Partners top 25%Talent top 28% All 13 signals ▾Fin. healthtop 20% Markettop 22% Partnerstop 25% Talenttop 28% Moattop 30% Fundingtop 31% Producttop 35% Newstop 39% Innovationtop 41% Patentsbottom 48% Techbottom 47% Globalbottom 44% Growthbottom 40% Fin. health: Revenue ~$18.5B (FY2017) · Net margin 24.1% Market: 8,244 employees (top 2% of Manufacturing Services) · Revenue ~$18.5B rank vs industry peers · Fliar Intelligence Index 74/100 | $18.5B FY2025 | $250M | +7% | 8,244 8,244 → 5,525 (-33%) · sector median +37% | Debbie Shaw EA to the CEO Aluminium and Power | WordPressMySQLFirebase+19 | 36 signals ▼51% Announcements · Contracts · Hiring | — |
| 2 | Cyient Provider of intelligent engineering solutions for digital, autonomous, and sustainable industries 72Market top 16%Global top 25%Funding top 29%Tech top 29% All 13 signals ▾Markettop 16% Globaltop 25% Fundingtop 29% Techtop 29% Moattop 30% Producttop 35% Talenttop 37% Fin. healthtop 38% Newstop 42% Growthtop 45% Partnerstop 49% Patentsbottom 45% Innovationbottom 22% Market: 12,557 employees (top 1% of Manufacturing Services) · Revenue ~$882M Global: Serving 60+ countries worldwide · Legal entities in 3 countries: Czech Republic, India, United States rank vs industry peers · Fliar Intelligence Index 72/100 | $882M FY2025 | $116M | +3% | 12,557 12,557 → 20,574 (+64%) · sector median +37% | BVR Reddy Founder | HubSpot CMS HubApple iCloud MailMicrosoft 365+28 | 56 signals ▼32% Earnings · Announcements · Leadership | — |
| 3 | Indorama Manufacturer of polyester staple fiber, yarn, and chips 72Product top 14%Innovation top 20%Market top 27%Fin. health top 32% All 9 signals ▾Producttop 14% Innovationtop 20% Markettop 27% Fin. healthtop 32% Fundingtop 36% Globalbottom 45% Growthbottom 35% Techbottom 30% Newsbottom 24% Product: 5 distinct product lines · Company stage: Public Innovation: 5 product lines rank vs industry peers · Fliar Intelligence Index 72/100 | $507M FY2025 | $43M | +11% | 143 | — | DreamWeaverNginxreCAPTCHA+2 | — | — |
| 4 | Tecpro Manufacturer and supplier of conveyors and material handling systems 74Product top 14%Innovation top 20%Market top 22%Fin. health top 32% All 10 signals ▾Producttop 14% Innovationtop 20% Markettop 22% Fin. healthtop 32% Fundingtop 45% Growthbottom 49% Globalbottom 48% Talentbottom 45% Newsbottom 36% Techbottom 28% Product: 10 distinct product lines · Company stage: Public Innovation: 10 product lines rank vs industry peers · Fliar Intelligence Index 74/100 | $483M FY2013 | $3M | +3% | 1,540 | Amar Banerjee CEO and Director | FrontPageAdobe FlashNginx+4 | — | — |
| 5 | Pennar Manufacturer of precision-engineered products and building solutions 67Product top 14%Innovation top 20%Market top 30%Funding top 33% All 11 signals ▾Producttop 14% Innovationtop 20% Markettop 30% Fundingtop 33% Moattop 33% Fin. healthtop 36% Talentbottom 49% Techbottom 44% Growthbottom 40% Globalbottom 37% Newsbottom 34% Product: 4 distinct product lines · Company stage: Public Innovation: 4 product lines rank vs industry peers · Fliar Intelligence Index 67/100 | $386M FY2025 | $36M | +3% | 2,227 2,227 → 2,415 (+8%) · sector median +37% | Murali D CEO | JavaBootstrapGSAP+8 | 3 signals ▼73% Board | 1 award |
| 6 | SFO Technologies Provider of ODM Plus solutions 74Product top 22%Talent top 23%Funding top 24%News top 24% All 11 signals ▾Producttop 22% Talenttop 23% Fundingtop 24% Newstop 24% Markettop 27% Fin. healthtop 32% Innovationtop 34% Moattop 34% Growthtop 44% Globalbottom 43% Techbottom 34% Product: 12 distinct product lines · Company stage: PE Talent: 5 named leaders on record · 5 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 74/100 | $342M FY2025 | $38M | +7% | 1,723 | Javad Hassan Founder & Chairman | WordPressMySQLPHP+17 | 4 signals Funding · Capital raise · Hiring | 5 job openings · 1 award |
| 7 | SRMB Steel Manufacturer of TMT bars and structural construction materials 78Fin. health top 26%Tech top 29%Moat top 29%Market top 30% All 10 signals ▾Fin. healthtop 26% Techtop 29% Moattop 29% Markettop 30% Innovationtop 35% Growthtop 45% Producttop 45% Fundingtop 50% Talentbottom 49% Globalbottom 30% Fin. health: Revenue ~$291M (FY2024) · Net margin 4.2% Tech: 37 technologies across 5/8 capability areas · Cloud: Cloudflare, Vercel rank vs industry peers · Fliar Intelligence Index 78/100 | $291M FY2025 | $15M | — | 750 | Brij Beriwala Co-Founder | Node.jsBootstrapReact+18 | — | — |
| 8 | Pari Robotics Manufacturer of precision automation and robotics products and technologies 40Market top 36%Funding top 40%Fin. health top 45%Moat bottom 42% All 8 signals ▾Markettop 36% Fundingtop 40% Fin. healthtop 45% Moatbottom 42% Growthbottom 39% Globalbottom 32% Techbottom 28% Newsbottom 22% Market: 1,364 employees (top 8% of Manufacturing Services) · Revenue ~$164M Funding: Raised $8.9M across 1 rounds · 1 rounds over 17 yrs (0.1/yr) rank vs industry peers · Fliar Intelligence Index 40/100 | $164M FY2025 | $9M | -27% | 1,364 | — | — | — | 1 expansion |
| 9 | Stylam Manufacturer of laminates for residential, commercial, and industrial purposes 64Moat top 27%Product top 28%Market top 31%Fin. health top 31% All 9 signals ▾Moattop 27% Producttop 28% Markettop 31% Fin. healthtop 31% Newstop 35% Fundingtop 37% Techtop 47% Growthbottom 49% Globalbottom 37% Moat: Top 2% by revenue among 3366 tracked Manufacturing Services companies · Editorial + unicorn rating 5/10 Product: 1 published app (853 installs) · Company stage: Public rank vs industry peers · Fliar Intelligence Index 64/100 | $122M FY2025 | $8M | +12% | 1,060 1,060 → 628 (-41%) · sector median +37% | — | UbuntuBootstrapApache HTTP Server+15 | 7 signals Earnings · M&A | — |
| 10 | Jyoti CNC Automation Custom-based manufacturer of CNC machine tools 82Fin. health top 18%Moat top 20%Product top 21%Market top 29% All 11 signals ▾Fin. healthtop 18% Moattop 20% Producttop 21% Markettop 29% Newstop 30% Growthtop 35% Innovationtop 36% Techtop 40% Fundingtop 44% Talenttop 45% Globalbottom 25% Fin. health: Revenue ~$107M (FY2023) · Net margin 19.2% Moat: Top 3% by revenue among 3366 tracked Manufacturing Services companies · Editorial + unicorn rating 4/10 rank vs industry peers · Fliar Intelligence Index 82/100 | $107M FY2023 | $20M | — | 3,001 | P G Jadeja Co-Founder & CEO | WordPressMySQLPHP+15 | 11 signals ▲22% Regulatory · Earnings · Announcements | — |
| 11 | Jai Raj Ispat Manufacturer and supplier of TMT steel bars 42Moat top 30%Market top 38%Tech top 45%Product top 46% All 10 signals ▾Moattop 30% Markettop 38% Techtop 45% Producttop 46% Fin. healthtop 47% Growthbottom 49% Talentbottom 49% Globalbottom 37% Fundingbottom 34% Innovationbottom 24% Moat: Top 3% by revenue among 3366 tracked Manufacturing Services companies · Editorial + unicorn rating 1/10 Market: 467 employees (top 19% of Manufacturing Services) · Revenue ~$104M rank vs industry peers · Fliar Intelligence Index 42/100 | $104M FY2025 | $3M | — | 467 | Suresh Kumar CEO | WordPressZohoMySQL+26 | — | — |
| 12 | Dee Piping Systems Manufacturer of high-pressure piping systems, pipe fittings, and induction bends 64Talent top 28%Moat top 30%Funding top 31%Partners top 31% All 10 signals ▾Talenttop 28% Moattop 30% Fundingtop 31% Partnerstop 31% Markettop 32% Newstop 34% Fin. healthtop 39% Techbottom 49% Growthbottom 48% Globalbottom 37% Talent: 3 named leaders on record · 3 C-suite/founder profiles curated Moat: Top 3% by revenue among 3366 tracked Manufacturing Services companies · Editorial + unicorn rating 1/10 rank vs industry peers · Fliar Intelligence Index 64/100 | $100M FY2025 | $47M | +5% | 389 389 → 586 (+51%) · sector median +37% | K L Bansal Co-Founder | OdooPostgreSQLPython+9 | 3 signals Contracts | 2 job openings |
| 13 | Shah Foils Manufacturer of cold rolled stainless steel coils & strips 48Innovation top 20%Market top 36%Product top 43%Fin. health bottom 46% All 9 signals ▾Innovationtop 20% Markettop 36% Producttop 43% Fin. healthbottom 46% Talentbottom 45% Techbottom 37% Fundingbottom 30% Growthbottom 29% Globalbottom 25% Innovation: 8 product lines Market: Revenue ~$88.0M · Top 4% by revenue among 3366 tracked Manufacturing Services peers rank vs industry peers · Fliar Intelligence Index 48/100 | $88M FY2025 | $2M | -21% | — | Shah Kartik Managing Director | WordPressMySQLPHP+19 | — | — |
| 14 | JS Auto Cast Foundry Manufacturer of ductile iron castings for diverse industries 64Funding top 22%Fin. health top 27%Moat top 30%Market top 39% All 8 signals ▾Fundingtop 22% Fin. healthtop 27% Moattop 30% Markettop 39% Growthtop 42% Newstop 45% Techbottom 39% Globalbottom 32% Funding: Raised $32.8M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) Fin. health: Revenue ~$82.9M (FY2019) · Net margin 6.8% rank vs industry peers · Fliar Intelligence Index 64/100 | $83M FY2025 | $33M | +23% | 61 | — | UbuntuBootstrapApache HTTP Server+12 | — | — |
| 15 | Amtek Industries Manufactures forged, cast, and machined auto components 42Moat top 31%Market top 36%Funding top 38%Fin. health top 44% All 9 signals ▾Moattop 31% Markettop 36% Fundingtop 38% Fin. healthtop 44% Talentbottom 49% Growthbottom 44% Globalbottom 37% Newsbottom 21% Techbottom 16% Moat: Top 4% by revenue among 3366 tracked Manufacturing Services companies · Editorial + unicorn rating 1/10 Market: 89 employees (top 48% of Manufacturing Services) · Revenue ~$74.6M rank vs industry peers · Fliar Intelligence Index 42/100 | $75M FY2025 | $293M | +10% | 89 | Prasad Kanuri CEO | — | — | — |
| 16 | Fybros Designer, manufacturer, supplier, and marketer of electrical accessories 50Product top 25%Moat top 31%Talent top 35%Fin. health top 39% All 9 signals ▾Producttop 25% Moattop 31% Talenttop 35% Fin. healthtop 39% Growthtop 45% Techbottom 48% Marketbottom 47% Fundingbottom 34% Globalbottom 25% Product: 5 published apps (30.2k installs) Moat: Top 5% by revenue among 3366 tracked Manufacturing Services companies · Editorial + unicorn rating 1/10 rank vs industry peers · Fliar Intelligence Index 50/100 | $68M FY2023 | $4M | — | 13 | Parasmal Jain Co-Founder | ZohoPHPCodeIgniter+21 | — | 2 job openings |
| 17 | Special Blasts Manufacturer of industrial explosives and accessories 35Moat top 31%Fin. health top 46%Market bottom 49%Tech bottom 49% All 8 signals ▾Moattop 31% Fin. healthtop 46% Marketbottom 49% Techbottom 49% Talentbottom 45% Growthbottom 36% Fundingbottom 32% Globalbottom 29% Moat: Top 5% by revenue among 3366 tracked Manufacturing Services companies · Editorial + unicorn rating 1/10 Fin. health: Revenue ~$64.2M (FY2021) · Net margin 7.4% rank vs industry peers · Fliar Intelligence Index 35/100 | $64M FY2025 | $3M | -17% | — | Ajay Choudhari Managing Director | Wix eCommerceWixSentry+10 | — | — |
| 18 | SEForge Manufacturer of casting and forging products for multiple industries 57Market top 23%Funding top 36%Fin. health top 45%Growth bottom 45% All 8 signals ▾Markettop 23% Fundingtop 36% Fin. healthtop 45% Growthbottom 45% Talentbottom 45% Globalbottom 33% Techbottom 24% Newsbottom 22% Market: 420 employees (top 20% of Manufacturing Services) · Revenue ~$58.2M Funding: Raised $84.9M across 1 rounds · 1 rounds over 18 yrs (0.1/yr) rank vs industry peers · Fliar Intelligence Index 57/100 | $58M FY2025 | $85M | +1% | 420 | Sunil Gupta CEO | — | — | — |
| 19 | Rikun Manufacturer of metal, plastic, and electronic precision parts 62Market top 34%Funding top 34%Moat top 39%Growth top 41% All 8 signals ▾Markettop 34% Fundingtop 34% Moattop 39% Growthtop 41% Fin. healthtop 42% Talentbottom 45% Techbottom 36% Globalbottom 29% Market: 225 employees (top 18% of Industrial Goods and Manufacturing) · Revenue ~$48.8M Funding: Raised $130M across 2 rounds · 2 rounds over 4 yrs (0.5/yr) rank vs industry peers · Fliar Intelligence Index 62/100 | $49M FY2025 | $130M | +14% | 225 225 → 333 (+48%) · sector median +37% | Muthu Sivan Founder & Managing Director | WordPress Site EditorWordPressMySQL+12 | — | 1 award |
| 20 | Neilsoft Engineering Consulting Services 74Innovation top 16%Fin. health top 29%Moat top 29%Market top 34% All 11 signals ▾Innovationtop 16% Fin. healthtop 29% Moattop 29% Markettop 34% Fundingtop 38% Talenttop 38% Producttop 39% Techtop 47% Growthbottom 49% Newsbottom 42% Globalbottom 37% Innovation: 6 new-product events in 24 mo · 10 product lines Fin. health: Revenue ~$47.0M (FY2021) · Net margin 15.5% rank vs industry peers · Fliar Intelligence Index 74/100 | $47M FY2025 | $18M | +18% | 1,424 1,424 → 2,022 (+42%) · sector median +37% | Shirish Sathe Co-Founder | JoomlaPHPAnimate.css+15 | 4 signals ▼76% IPO · Announcements · Earnings | 8 job openings |
| 21 | Mistral Solutions Product engineering services & homeland security solutions. 78Partners top 15%News top 22%Innovation top 23%Product top 26% All 11 signals ▾Partnerstop 15% Newstop 22% Innovationtop 23% Producttop 26% Growthtop 31% Fin. healthtop 33% Techtop 35% Fundingtop 38% Markettop 39% Moattop 39% Globalbottom 37% Partners: 6 contract events in 12 mo · Named contractor/client in 6 deals News: 7 BI events in 12 mo (of 15 tracked, 4 types) · +600% YoY rank vs industry peers · Fliar Intelligence Index 78/100 | $47M FY2025 | $10M | +16% | 355 | — | Cart FunctionalityWooCommerceWordPress+33 | 7 signals ▲600% Contracts · Announcements | 2 job openings |
| 22 | Raghu Vamsi Provider of engineering components manufacturing, CNC machining, and fabrication services 69Fin. health top 25%Talent top 28%Moat top 34%Innovation top 36% All 11 signals ▾Fin. healthtop 25% Talenttop 28% Moattop 34% Innovationtop 36% Producttop 36% Markettop 37% Fundingtop 40% Growthtop 45% Techbottom 48% Globalbottom 37% Newsbottom 21% Fin. health: Revenue ~$42.7M (FY2022) · Net margin 9.2% Talent: 3 named leaders on record · 3 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 69/100 | $43M FY2025 | $5M | — | — | G Thrimurthulu Founder | WordPressMySQLPHP+16 | — | 4 job openings |
| 23 | Arkance Provider of architecture and engineering construction services 57Tech top 21%Market top 38%Global top 40%Growth top 46% All 7 signals ▾Techtop 21% Markettop 38% Globaltop 40% Growthtop 46% Talentbottom 49% Fin. healthbottom 44% Fundingbottom 34% Tech: 45 technologies across 6/8 capability areas · Cloud: Cloudflare Market: Revenue ~$35.7M · Top 7% by revenue among 644 tracked Construction Management Services peers rank vs industry peers · Fliar Intelligence Index 57/100 | $36M FY2025 | $2M | +8% | — | Greg Arranz CEO | StoryblokSentryZendesk+23 | — | — |
| 24 | CORE Energy Systems Provider of engineered package systems and turnkey project solutions 60Growth top 25%News top 28%Fin. health top 28%Talent top 33% All 9 signals ▾Growthtop 25% Newstop 28% Fin. healthtop 28% Talenttop 33% Moattop 37% Markettop 44% Fundingtop 46% Globalbottom 37% Techbottom 18% Growth: Revenue +95% YoY · Web rank 5,000,000 → 10,000,000 YoY News: 6 BI events in 12 mo (of 6 tracked, 2 types) · 2 high-value events (IPO/M&A/funding/contracts) in 12 mo rank vs industry peers · Fliar Intelligence Index 60/100 | $27M FY2025 | $4M | +95% | — | Kumar Pranay CEO | PleskZohoWindows Server+10 | 6 signals Announcements · Funding | — |
| 25 | Vikram Nuvotech Provider of diversified fabrics manufacturing services 29Moat top 27%Market top 44%Funding bottom 46%Talent bottom 45% All 7 signals ▾Moattop 27% Markettop 44% Fundingbottom 46% Talentbottom 45% Fin. healthbottom 41% Globalbottom 29% Growthbottom 25% Moat: Top 15% by revenue among 3366 tracked Manufacturing Services companies · Editorial + unicorn rating 4/10 Market: 343 employees (top 26% of Manufacturing Services) · Revenue ~$25.9M rank vs industry peers · Fliar Intelligence Index 29/100 | $26M FY2025 | $6M | -4% | 343 | Anil Chaudhary CEO | — | — | — |
| 26 | Raghav Productivity Enhancers Manufacturer and supplier of ramming mass 50Growth top 29%Fin. health top 30%Funding top 41%Moat bottom 48% All 7 signals ▾Growthtop 29% Fin. healthtop 30% Fundingtop 41% Moatbottom 48% Marketbottom 33% Globalbottom 32% Techbottom 27% Growth: Revenue +51% YoY Fin. health: Revenue ~$23.8M (FY2026) · Net margin 18.2% rank vs industry peers · Fliar Intelligence Index 50/100 | $24M FY2025 | $4M | +51% | 9 | — | PHPBootstrapGSAP+10 | — | — |
| 27 | DiFACTO Provider of robotic automation solutions, customized solutions, standard products, and automation services 57Innovation top 20%Product top 36%Moat top 38%Growth top 40% All 11 signals ▾Innovationtop 20% Producttop 36% Moattop 38% Growthtop 40% Markettop 45% Fin. healthtop 47% Talentbottom 49% Fundingbottom 48% Globalbottom 37% Techbottom 32% Newsbottom 22% Innovation: 11 product lines Product: 11 distinct product lines · Company stage: Series A rank vs industry peers · Fliar Intelligence Index 57/100 | $23M FY2025 | $5M | +14% | 424 424 → 561 (+32%) · sector median +37% | Ajay Gopalswamy Founder & CEO | WordPressMySQLPHP+17 | — | — |
| 28 | Vijai Electricals Vijai Electricals Ltd - Manufacturers of Energy Efficient Amorphous Metal Transformers, Single / Three Phase… 40Product top 18%Moat top 37%Funding top 38%Market top 44% All 12 signals ▾Producttop 18% Moattop 37% Fundingtop 38% Markettop 44% Fin. healthtop 44% Growthbottom 46% Talentbottom 45% Innovationbottom 37% Globalbottom 36% Patentsbottom 31% Newsbottom 27% Techbottom 23% Product: 5 distinct product lines Moat: Top 18% by revenue among 3366 tracked Manufacturing Services companies · Editorial + unicorn rating 3/10 rank vs industry peers · Fliar Intelligence Index 40/100 | $22M FY2023 | $26M | — | 592 | Chakradhar S CEO | BootstrapApache HTTP ServerModernizr+4 | — | — |
| 29 | ARAPL Provider of various automation solutions 53Product top 14%Innovation top 20%Market top 40%Tech top 40% All 10 signals ▾Producttop 14% Innovationtop 20% Markettop 40% Techtop 40% Talentbottom 45% Growthbottom 42% Fin. healthbottom 42% Newsbottom 37% Fundingbottom 36% Globalbottom 34% Product: 5 distinct product lines · Company stage: Public Innovation: 5 product lines rank vs industry peers · Fliar Intelligence Index 53/100 | $19M FY2025 | $700K | — | 375 | Rahul Padole Director | WordPressMySQLPHP+27 | — | — |
| 30 | Shreeji Cotfab Manufacturer of yarns 14Talent bottom 45%Market bottom 41%Funding bottom 36%Fin. health bottom 36% All 6 signals ▾Talentbottom 45% Marketbottom 41% Fundingbottom 36% Fin. healthbottom 36% Growthbottom 25% Globalbottom 25% Talent: 1 named leader on record Market: Revenue ~$7.0M · Top 43% by revenue among 3366 tracked Manufacturing Services peers rank vs industry peers · Fliar Intelligence Index 14/100 | $7M FY2025 | $2M | — | — | Pankaj Bhatia Managing Director | — | — | — |
| 31 | Axcend Provider of IA-IT and IoT development services 42Talent top 28%Moat top 31%Growth top 47%Market top 50% All 8 signals ▾Talenttop 28% Moattop 31% Growthtop 47% Markettop 50% Fundingtop 50% Techbottom 46% Fin. healthbottom 41% Globalbottom 30% Talent: Analyst team rating 4/5 Moat: Top 5% by revenue among 424 tracked IoT Services companies · Editorial + unicorn rating 1/10 rank vs industry peers · Fliar Intelligence Index 42/100 | $7M FY2025 | $4M | +14% | 241 241 → 288 (+20%) · sector median +37% | — | WordPressZohoMySQL+21 | — | — |
| 32 | JJG Machining Group Manufacturer of small components for automotive & aerospace industry 45Funding top 33%Moat top 45%Tech top 47%Market bottom 49% All 8 signals ▾Fundingtop 33% Moattop 45% Techtop 47% Marketbottom 49% Fin. healthbottom 49% Talentbottom 49% Growthbottom 46% Globalbottom 37% Funding: Raised $12.0M across 2 rounds · 2 rounds over 2 yrs (1.0/yr) Moat: Top 45% by revenue among 3366 tracked Manufacturing Services companies · Editorial + unicorn rating 4/10 rank vs industry peers · Fliar Intelligence Index 45/100 | $7M FY2025 | $12M | -19% | 109 109 → 263 (+141%) · sector median +37% | Anuj Jhunjhunwala CEO & Managig Director | WordPressPleskMySQL+26 | — | — |
| 33 | Brick and Byte Provider of engineering design and contract manufacturing services 27Growth top 48%Tech top 49%Talent bottom 45%Funding bottom 41% All 7 signals ▾Growthtop 48% Techtop 49% Talentbottom 45% Fundingbottom 41% Fin. healthbottom 40% Globalbottom 33% Marketbottom 28% Growth: Revenue +9% YoY Tech: 24 technologies across 3/8 capability areas · Cloud: Cloudflare rank vs industry peers · Fliar Intelligence Index 27/100 | $4M FY2025 | $1M | +9% | — | Prashant Kamat Founder | Cart FunctionalityPHPCodeIgniter+18 | — | — |
| 34 | Radiant Design Manufacturer and designer of injection molds and plastic products 35Growth top 27%Fin. health bottom 49%Talent bottom 49%Tech bottom 48% All 7 signals ▾Growthtop 27% Fin. healthbottom 49% Talentbottom 49% Techbottom 48% Fundingbottom 45% Globalbottom 34% Marketbottom 25% Growth: Revenue +53% YoY · Web rank 10,000,000 → 50,000,000 YoY Fin. health: Revenue ~$1.4M (FY2023) · Net margin 0.9% rank vs industry peers · Fliar Intelligence Index 35/100 | $1M FY2025 | $1M | +53% | — | Jim Heffner Founder | WordPressPleskMySQL+24 | — | — |
| 35 | Wootz.work Manufacturer of custom engineered components, equipment, fabrications, and integrated systems 22Talent top 38%Funding top 39%Tech top 48%Growth bottom 46% All 9 signals ▾Talenttop 38% Fundingtop 39% Techtop 48% Growthbottom 46% Newsbottom 42% Moatbottom 42% Globalbottom 37% Marketbottom 25% Fin. healthbottom 22% Talent: 2 named leaders on record · 2 C-suite/founder profiles curated Funding: Raised $3.5M across 2 rounds · 2 rounds over 3 yrs (0.7/yr) rank vs industry peers · Fliar Intelligence Index 22/100 | $1M FY2025 | $4M | -13% | 19 19 → 43 (+126%) · sector median +37% | Himanshu Uniyal Co-Founder | WebflowGSAPlit-html+15 | — | — |
| 36 | Suhner Provider of precision metalworking solutions and automated manufacturing systems 5Tech bottom 34%Global bottom 34%Funding bottom 28%Market bottom 24% All 6 signals ▾Techbottom 34% Globalbottom 34% Fundingbottom 28% Marketbottom 24% Growthbottom 19% Fin. healthbottom 13% Tech: 14 technologies across 2/8 capability areas · Devops: Nginx Global: Single-market focus (India) rank vs industry peers · Fliar Intelligence Index 5/100 | $1M FY2025 | $892K | -29% | 21 | — | TYPO3 CMSApple iCloud MailMicrosoft 365+8 | — | — |
| 37 | Prolific Systems & Technologies Provider of piping, electrical, instrumentation, automation & IT solution 5Funding bottom 44%Global bottom 33%Market bottom 27%Growth bottom 13% All 5 signals ▾Fundingbottom 44% Globalbottom 33% Marketbottom 27% Growthbottom 13% Fin. healthbottom 11% Funding: Raised $3.0M across 2 rounds · 2 rounds over 11 yrs (0.2/yr) Global: Single-market focus (India) rank vs industry peers · Fliar Intelligence Index 5/100 | $694K FY2024 | $3M | -46% | 79 | — | — | — | — |
| 38 | ASL Manufacturer of cold rolled steel products 5Talent top 35%Funding bottom 44%Global bottom 25%Tech bottom 15% All 6 signals ▾Talenttop 35% Fundingbottom 44% Globalbottom 25% Techbottom 15% Fin. healthbottom 13% Marketbottom 12% Talent: 3 named leaders on record Funding: Raised $15.0M across 3 rounds · 3 rounds over 17 yrs (0.2/yr) rank vs industry peers · Fliar Intelligence Index 5/100 | $628K FY2024 | $15M | — | — | Mohender Aggarwal Founder & Chairman | — | — | — |
| 39 | Glue Design Industrial design and visual merchandising firm 4Talent bottom 49%Funding bottom 48%Global bottom 37%Moat bottom 19% All 8 signals ▾Talentbottom 49% Fundingbottom 48% Globalbottom 37% Moatbottom 19% Techbottom 15% Growthbottom 13% Marketbottom 9% Fin. healthbottom 9% Talent: 1 named leader on record · 1 C-suite/founder profile curated Funding: Raised $3.1M across 5 rounds · 5 rounds over 11 yrs (0.5/yr) rank vs industry peers · Fliar Intelligence Index 4/100 | $350K FY2020 | $3M | -54% | 1 | Niladri Mukherjee Founder & CEO | — | — | — |
| 40 | Fifth Generation Technologies Manufacturer of industrial equipment and turnkey projects 40Growth top 23%Talent top 38%Fin. health top 46%Global bottom 37% All 7 signals ▾Growthtop 23% Talenttop 38% Fin. healthtop 46% Globalbottom 37% Fundingbottom 36% Moatbottom 30% Marketbottom 24% Growth: Revenue +63% YoY Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 40/100 | $324K FY2025 | $4M | +63% | 19 | Ananth Seshan Founder & Director | — | — | — |
| 41 | Wendor Manufacturer and supplier of smart vending machines with cashless payment options 19Tech top 23%Product top 49%Funding bottom 49%Talent bottom 49% All 9 signals ▾Techtop 23% Producttop 49% Fundingbottom 49% Talentbottom 49% Globalbottom 37% Growthbottom 35% Marketbottom 29% Newsbottom 18% Fin. healthbottom 13% Tech: 46 technologies across 6/8 capability areas · Cloud: Cloudflare, Vercel Product: 5 published apps (3.5k installs) · Company stage: Seed rank vs industry peers · Fliar Intelligence Index 19/100 | $323K FY2025 | $2M | -36% | — | Lakshit Anand Co-Founder | WordPress Block EditorWordPressMySQL+26 | — | — |
| 42 | Fabheads Designing and prototyping services for 3D printing products 13Funding top 43%Tech top 50%Talent bottom 49%Moat bottom 47% All 9 signals ▾Fundingtop 43% Techtop 50% Talentbottom 49% Moatbottom 47% Globalbottom 37% Growthbottom 34% Marketbottom 30% Newsbottom 26% Fin. healthbottom 11% Funding: Raised $3.4M across 7 rounds · 7 rounds over 8 yrs (0.9/yr) Tech: 16 technologies across 4/8 capability areas · Cloud: Amazon Web Services, Cloudflare rank vs industry peers · Fliar Intelligence Index 13/100 | $168K FY2025 | $3M | -59% | 58 58 → 56 (-3%) · sector median +37% | Dhinesh Kanagaraj Founder & CEO | TypeScriptZone.jsAngular+13 | — | — |
| 43 | Radome Technologies Developer of advanced composite radomes and related electromagnetic protection solutions 4Talent bottom 45%Funding bottom 38%Tech bottom 34%Global bottom 33% All 7 signals ▾Talentbottom 45% Fundingbottom 38% Techbottom 34% Globalbottom 33% Growthbottom 8% Fin. healthbottom 8% Marketbottom 7% Talent: 1 named leader on record Funding: Raised $373k across 2 rounds · 2 rounds over 5 yrs (0.4/yr) rank vs industry peers · Fliar Intelligence Index 4/100 | $10K FY2025 | $373K | -98% | — | Nagendra Kumble Founder & CEO | WordPressMySQLPHP+19 | — | — |
| 44 | Reform Ferro Cast Manufacturer and supplier of automotive components 53Talent top 45%Funding bottom 49%Global bottom 48% All 3 signals ▾Talenttop 45% Fundingbottom 49% Globalbottom 48% Talent: 2 named leaders on record Funding: Raised $16.2M across 1 rounds · 1 rounds over 12 yrs (0.1/yr) rank vs industry peers · Fliar Intelligence Index 53/100 | — | $16M | — | — | Basant Saha Co-Founder & Director | — | — | — |
| 45 | ARISE IIP Provider of industrial ecosystems development services 60Moat top 22%Funding top 25%Growth top 40%Tech top 43% All 10 signals ▾Moattop 22% Fundingtop 25% Growthtop 40% Techtop 43% Fin. healthtop 45% Partnerstop 45% Markettop 46% Talentbottom 49% Globalbottom 48% Newsbottom 40% Moat: Editorial + unicorn rating 8/10 · Soonicorn Funding: Raised $85.0M across 2 rounds · 2 rounds over 6 yrs (0.3/yr) rank vs industry peers · Fliar Intelligence Index 60/100 | — | $85M | — | 142 | Gagan Gupta Co-Founder & CEO | WordPressMySQLPHP+24 | — | — |
| 46 | Uttam Galva Steels Manufactures cold rolled and galvanized steel 10Funding top 42%Growth bottom 42%Global bottom 37%Market bottom 35% All 8 signals ▾Fundingtop 42% Growthbottom 42% Globalbottom 37% Marketbottom 35% Newsbottom 27% Fin. healthbottom 20% Techbottom 15% Moatbottom 15% Funding: Raised $42.5M across 2 rounds · 2 rounds over 22 yrs (0.1/yr) Growth: Headcount 684 → 645 (-6%) across vintages rank vs industry peers · Fliar Intelligence Index 10/100 | — | $43M | — | 645 | — | — | — | — |
| 47 | Hoffmann Provider of industrial tooling and equipment 76Growth top 10%News top 21%Tech top 27%Market top 45% All 8 signals ▾Growthtop 10% Newstop 21% Techtop 27% Markettop 45% Productbottom 47% Globalbottom 43% Fin. healthbottom 42% Fundingbottom 41% Growth: Web rank 5,000,000 → 100,000 YoY · 8 acquisition/expansion moves in 24 mo News: 8 BI events in 12 mo (of 19 tracked, 4 types) · +700% YoY rank vs industry peers · Fliar Intelligence Index 76/100 | — | $3M | — | 3,000 | — | Cart FunctionalitySAP Commerce CloudJava+18 | 8 signals ▲700% M&A | 2 launchs · 2 expansions |
| 48 | Boxer India Manufacturer of hose assemblies and hydraulic fittings 16Growth top 45%Funding bottom 46%Talent bottom 45%Tech bottom 36% All 6 signals ▾Growthtop 45% Fundingbottom 46% Talentbottom 45% Techbottom 36% Globalbottom 25% Marketbottom 16% Funding: Raised $10.0M across 1 rounds · 1 rounds over 13 yrs (0.1/yr) rank vs industry peers · Fliar Intelligence Index 16/100 | — | $10M | — | — | Vijay Bhargav CEO | BootstrapAmazon ALBAmazon Web Services+9 | — | — |
| 49 | Swiss Steel India Manufacturer of specialty long steel products for diverse industries 40Market top 40%Fin. health top 50%Global bottom 48%Tech bottom 44% All 7 signals ▾Markettop 40% Fin. healthtop 50% Globalbottom 48% Techbottom 44% Fundingbottom 39% Growthbottom 32% Newsbottom 27% Market: 10,000 employees (top 1% of Manufacturing Services) · Revenue ~$21.2M Fin. health: Revenue ~$21.2M (FY2020) · Net margin 4.8% rank vs industry peers · Fliar Intelligence Index 40/100 | — | $1M | — | 10,000 | — | Craft CMSPHPGoogle Maps+14 | — | — |
| 50 | Anand Teknow Aids Engineering India Manufactures steel strips, rods, and also hot dip galvanizing 4Talent bottom 45%Funding bottom 43%Global bottom 33%Tech bottom 24% All 6 signals ▾Talentbottom 45% Fundingbottom 43% Globalbottom 33% Techbottom 24% Fin. healthbottom 9% Marketbottom 5% Talent: 1 named leader on record Funding: Raised $2.5M across 1 rounds · 1 rounds over 11 yrs (0.1/yr) rank vs industry peers · Fliar Intelligence Index 4/100 | — | $3M | — | — | Rakesh Ranjan CEO & MD | — | — | — |
Top 12 Manufacturing Services companies in India
#1
Late Stage · Kochi, Kerala · founded 1990 · 1723 employees$37.5Mraised▾
Late Stage · Kochi, Kerala · founded 1990 · 1723 employees
Provider of ODM Plus solutions. The company offers total ODM Plus solutions to diverse industries. Growing from EMS to ODM and now to ODM plus Solutions, the company is known to bundle its own IPs, ready-to-use product building blocks, IoT, Analytics & Mobility, Cloud, AI, and expertise in related technologies. The company offers flexible, Low/Medium/High Mix, High Volume/High Complexity, Build-to-Spec/Build-to-Print solutions delivered under the same roof that makes the monitoring and management of your product lifecycle far simpler.
Fliar Intelligence Index™ 74how this company ranks against its industry peers
Product
top 22%Talent
top 23%Funding
top 24%News
top 24%Market
top 27%Fin. health
top 32%Product: 12 distinct product lines · Company stage: PE
Talent: 5 named leaders on record · 5 C-suite/founder profiles curated
Funding: Raised $37.5M across 2 rounds · 2 rounds over 20 yrs (0.1/yr) · Last round PE (Mar 2026)
Audience (LinkedIn): 82k LinkedIn followers — 4.1% of this cohort's audience
Hiring (LinkedIn): 5 hiring posts in 12 mo (public) · momentum +5 · hiring: HR Generalist, Assistant Manager – BDG
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
- Mar 2026PE$82M
- Jan 2013Unattributed—
- May 2011PE$37.5M
- Sep 2007PE—
Founders & team
Investors
Franklin Templeton India, True North, Darby Overseas Investments, Infrastructure Leasing & Financial Services, Asia Mezzanine Capital Group, Trident Growth Partners
Tech stack
BootstrapCdnjsCloudflareCore-JsFont AwesomeGoogle Analytics
#2
Acquired · Coimbatore, Tamil Nadu · founded 2004 · 61 employees$32.8Mraised▾
Acquired · Coimbatore, Tamil Nadu · founded 2004 · 61 employees
Manufacturer of ductile iron castings for diverse industries. It produces castings for wind energy, hydraulics, agriculture, automotive, and oil and gas sectors. It offers complex grade castings, including austempered ductile iron, HiSiMo, and CGI. It also provides design engineering, product development, moulding, and testing services.
Fliar Intelligence Index™ 64how this company ranks against its industry peers
Funding
top 22%Fin. health
top 27%Moat
top 30%Market
top 39%Growth
top 42%News
top 45%Funding: Raised $32.8M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) · Last round PE (Feb 2026)
Fin. health: Revenue ~$82.9M (FY2019) · Net margin 6.8% · Revenue +23% YoY
Moat: Top 4% by revenue among 3366 tracked Manufacturing Services companies · Editorial + unicorn rating 1/10
Audience (LinkedIn): 6k LinkedIn followers
Funding rounds
- Feb 2026PE$32.8M
Investors
Premji Invest
Tech stack
Apache Http ServerBootstrapCdnjsCloudflareGodaddyGoogle Font Api
#3
Series D · India · founded 2010 · 142 employees$85Mraised▾
Series D · India · founded 2010 · 142 employees
Provider of industrial ecosystems development services. It designs, finances, conceives, and operates industrial zones. The company identifies industrial gaps and develops solutions for local raw material transformation, export boosting, and trade promotion. It focuses on developing industrial hubs with integrated logistics services to foster competitive economies and equitable societies. The industrial ecosystem includes integrated logistics services.
Fliar Intelligence Index™ 60how this company ranks against its industry peers
Moat
top 22%Funding
top 25%Growth
top 40%Tech
top 43%Fin. health
top 45%Partners
top 45%Moat: Editorial + unicorn rating 8/10 · Soonicorn
Funding: Raised $85.0M across 2 rounds · 2 rounds over 6 yrs (0.3/yr) · Last round Series D (Sep 2025)
Growth: Headcount 99 → 142 (+43%) across vintages · Fresh capital in last 24 mo
Audience (LinkedIn): 170k LinkedIn followers — 8.4% of this cohort's audience
Funding rounds
- Sep 2025Series D—
- May 2025Series D$100M
- Nov 2022Series C$85M
- Jan 2020Seed—
Founders & team
Investors
A.P. Moller Capital, Afreximbank, African Development Bank Group, Vision Invest, Olam Agro, British International Investment
Tech stack
Apache Http ServerBootstrapCloudflareCloudflare Bot ManagementFont AwesomeGoogle Analytics
#4
Series A · Hyderabad, Telangana · founded 1992$5.4Mraised▾
Series A · Hyderabad, Telangana · founded 1992
Provider of engineering components manufacturing, CNC machining, and fabrication services
Fliar Intelligence Index™ 69how this company ranks against its industry peers
Fin. health
top 25%Talent
top 28%Moat
top 34%Innovation
top 36%Product
top 36%Market
top 37%Fin. health: Revenue ~$42.7M (FY2022) · Net margin 9.2% · Revenue 7.9x total funding
Talent: 3 named leaders on record · 3 C-suite/founder profiles curated
Moat: Top 9% by revenue among 43 tracked Aircraft Parts and Sub Component Manufacturers companies · Editorial + unicorn rating 1/10
Audience (LinkedIn): 30k LinkedIn followers
Hiring (LinkedIn): 5 hiring posts in 12 mo (public) · momentum +3 · hiring: Brand Associate, Team Lead
Funding rounds
- Apr 2026Series A$4.6M
- Sep 2024Series A$5.5M
- Dec 2023Unattributed$899.6K
- May 2023Unattributed$2M
Founders & team
Investors
Lakshmiindiaholdings, OM Management, Hills Mooresville, Sreeda, Hishine Inks, Serole
Tech stack
Apache Http ServerGodaddyHttp/3JqueryLenisMicrosoft 365
#5
Series D · Kanchipuram, Tamil Nadu · founded 2018 · 225 employees$130.1Mraised▾
Series D · Kanchipuram, Tamil Nadu · founded 2018 · 225 employees
Manufacturer of metal, plastic, and electronic precision parts. It provides handling design, stamping, injection molding, manufacturing, and order fulfillment services. The company offers end-to-end solutions from design to production, focusing on innovation and industry leading technologies.
Fliar Intelligence Index™ 62how this company ranks against its industry peers
Market
top 34%Funding
top 34%Moat
top 39%Growth
top 41%Fin. health
top 42%Talent
bottom 45%Market: 225 employees (top 18% of Industrial Goods and Manufacturing) · Revenue ~$48.8M · Top 12% by revenue among 125 tracked Electronic Manufacturing Services peers
Funding: Raised $130M across 2 rounds · 2 rounds over 4 yrs (0.5/yr) · Last round Series D (May 2025)
Moat: Top 12% by revenue among 125 tracked Electronic Manufacturing Services companies · Editorial + unicorn rating 1/10 · 10 curated direct competitors tracked
Audience (LinkedIn): 11k LinkedIn followers
Hiring (LinkedIn): 1 hiring post in 12 mo (public) · hiring: Manager - Equipment Engineering
Activity (LinkedIn): 1 awards announced in 12 mo
Funding rounds
- May 2025Series D$130M
- Dec 2022Angel$77.3K
Founders & team
Investors
Aoasa Advisors, Padmaparshva Capital, Sheth International, Chhattisgarh Investments, KRIIS, Satre Infrastructure
Tech stack
CloudflareCloudflare Bot ManagementGodaddyGodaddy CoblocksGoogle Font ApiGoogle Workspace
#6
Series B · Bengaluru, Karnataka · founded 1991 · 109 employees$12Mraised▾
Series B · Bengaluru, Karnataka · founded 1991 · 109 employees
Manufacturer of small components for automotive & aerospace industry. Its products include fasteners, connectors, and valves. It also offers machining capabilities of turning, milling and spindling. It utilizes metrology tools to perform precision verification of critical dimensions.
Fliar Intelligence Index™ 45how this company ranks against its industry peers
Funding
top 33%Moat
top 45%Tech
top 47%Market
bottom 49%Fin. health
bottom 49%Talent
bottom 49%Funding: Raised $12.0M across 2 rounds · 2 rounds over 2 yrs (1.0/yr) · Last round Series B (Jan 2026)
Moat: Top 45% by revenue among 3366 tracked Manufacturing Services companies · Editorial + unicorn rating 4/10
Tech: 30 technologies across 4/8 capability areas · Cloud: Cloudflare · Devops: Nginx
Audience (LinkedIn): 3k LinkedIn followers · 110 engagements/post (2.5× cohort median)
Funding rounds
- Jan 2026Series B$30M
- Apr 2024Series A$12M
Founders & team
Investors
CX Partners, IQ-EQ, Norwest
Tech stack
BootstrapCloudflareContact Form 7Core-JsElementorFont Awesome
#7
Series A · Delhi, Delhi · founded 2023 · 19 employees$3.5Mraised▾
Series A · Delhi, Delhi · founded 2023 · 19 employees
Manufacturer of custom engineered components, equipment, fabrications, and integrated systems. They provide end-to-end manufacturing solutions, including critical components that meet compliance standards. The company also delivers custom-built machinery, fully assembled systems, and expertly engineered fabrications. Sub-assembly and system integration services are available to streamline operations. Additionally, they offer consumables and distributor-ready solutions optimized for resale.
Fliar Intelligence Index™ 22how this company ranks against its industry peers
Talent
top 38%Funding
top 39%Tech
top 48%Growth
bottom 46%News
bottom 42%Moat
bottom 42%Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
Funding: Raised $3.5M across 2 rounds · 2 rounds over 3 yrs (0.7/yr) · Last round Series A (Jan 2026)
Tech: 21 technologies across 5/8 capability areas · Cloud: Cloudflare · Observability: Microsoft Clarity
Audience (LinkedIn): 3k LinkedIn followers
Funding rounds
- Jan 2026Series A$6.6M
- Aug 2023Seed$3.5M
Founders & team
Investors
Nexus Venture Partners, AdvantEdge, Mars Shot Ventures, Z47, ADvantage VC, Infimomentum Venture
Tech stack
CloudflareCloudflare Bot ManagementGoogle AnalyticsGoogle Font ApiGoogle Hosted LibrariesGoogle Tag Manager
#8
Series B · Mumbai, Maharashtra · founded 2000$4.2Mraised▾
Series B · Mumbai, Maharashtra · founded 2000
Provider of engineered package systems and turnkey project solutions. It offers a range of services, include operations and maintenance, shutdown maintenance, erection and commissioning, and equipment overhauls. Its entity offers turnkey project execution across various sectors, including nuclear, oil and gas, defense, and industrial applications. The company also supplies industrial products and engineered package systems.
Fliar Intelligence Index™ 60how this company ranks against its industry peers
Growth
top 25%News
top 28%Fin. health
top 28%Talent
top 33%Moat
top 37%Market
top 44%Growth: Revenue +95% YoY · Web rank 5,000,000 → 10,000,000 YoY · Fresh capital in last 24 mo
News: 6 BI events in 12 mo (of 6 tracked, 2 types) · 2 high-value events (IPO/M&A/funding/contracts) in 12 mo · Top themes: Announcements, Funding
Fin. health: Revenue ~$26.6M (FY2022) · Net margin 9.4% · Revenue +95% YoY
Audience (LinkedIn): 8k LinkedIn followers
Funding rounds
- Aug 2025Series B—
- Sep 2024Series B$23.7M
- Feb 2022Series A$4.2M
- Jan 2021Angel$315.2K
Founders & team
Investors
IDBI Capital Markets & Securities Ltd, Cosmos Prime Group, Aamara Capital, Av Fincorp, Lucky Investment Managers, Maharashtra Defence and Aerospace Venture Fund
Tech stack
BootstrapFont AwesomeGodaddyIisJqueryMicrosoft 365
#9
Series A · Chennai, Tamil Nadu · founded 2015 · 58 employees$3.4Mraised▾
Series A · Chennai, Tamil Nadu · founded 2015 · 58 employees
Design, prototyping, tooling, production, and more using 3D printing technology for composite hardware products
Fliar Intelligence Index™ 13how this company ranks against its industry peers
Funding
top 43%Tech
top 50%Talent
bottom 49%Moat
bottom 47%Global
bottom 37%Growth
bottom 34%Funding: Raised $3.4M across 7 rounds · 7 rounds over 8 yrs (0.9/yr) · Last round Series A (Apr 2025)
Tech: 16 technologies across 4/8 capability areas · Cloud: Amazon Web Services, Cloudflare · Security: Cloudflare Bot Management, Http/3
Talent: 1 named leader on record · 1 C-suite/founder profile curated
Audience (LinkedIn): 10k LinkedIn followers
Funding rounds
- Apr 2025Series A$10M
- Jun 2024Grant (prize money)$48K
- Sep 2023Seed$685.3K
- Oct 2022Seed$457.4K
Founders & team
Investors
Rockstud Capital, Firstport Capital, Bliss Flow Investments, Xena Infra And Logistics, Cornwall Projects, Thinmam Ventures
Tech stack
Amazon Web ServicesAngularBootstrap IconsCloudflareCloudflare Bot ManagementCore-Js
#10
Seed · Delhi, Delhi · founded 2017$2.5Mraised▾
Seed · Delhi, Delhi · founded 2017
Manufacturer and supplier of smart vending machines with cashless payment options. These machines offer features such as remote monitoring, inventory tracking, and support for various digital payment methods. The company provides solutions for businesses seeking to install and manage vending machines, including consultation and support services. Their product line includes various models designed for different needs and locations. The machines are designed for ease of use and efficient operation, aiming to maximize sales and minimize operational costs.
Fliar Intelligence Index™ 19how this company ranks against its industry peers
Tech
top 23%Product
top 49%Funding
bottom 49%Talent
bottom 49%Global
bottom 37%Growth
bottom 35%Tech: 46 technologies across 6/8 capability areas · Cloud: Cloudflare, Vercel · Devops: Nginx
Product: 5 published apps (3.5k installs) · Company stage: Seed
Funding: Raised $2.5M across 2 rounds · 2 rounds over 1 yrs (2.0/yr) · Last round Conventional Debt (Apr 2025)
Audience (LinkedIn): 4k LinkedIn followers
Activity (LinkedIn): 1 partnerships (incl. Elanpro and Wendor - Smart Vending Solutions) announced in 12 mo
Funding rounds
- Apr 2025Conventional Debt$1.9M
- Jan 2025Seed$579.8K
Founders & team
Investors
Elanpro, VentureLab
Tech stack
BlocksyCart FunctionalityCloudflareCloudflare Browser InsightsCore-JsEmotion
#11
Funding Raised · Odisha · founded 2003 · 8244 employees$250Mraised▾
Funding Raised · Odisha · founded 2003 · 8244 employees
Producer of aluminum. The product includes low-carbon aluminum, billets, primary foundry alloy, wire rods, flip coils, ingots, slabs, etc. It is a strategic metal for a country’s national security and socio-economic development which finds applications in core industries such as aerospace, space exploration, national defense, automotive, building & construction, electrical distribution, packaging, and more.
Fliar Intelligence Index™ 74how this company ranks against its industry peers
Fin. health
top 20%Market
top 22%Partners
top 25%Talent
top 28%Moat
top 30%Funding
top 31%Fin. health: Revenue ~$18.5B (FY2017) · Net margin 24.1% · Revenue +7% YoY
Market: 8,244 employees (top 2% of Manufacturing Services) · Revenue ~$18.5B · ~23% of tracked Manufacturing Services revenue (3366 cos, FY2025)
Partners: 2 partnership announcements in 12 mo (3 in 24 mo) · 5 contract events in 12 mo · Named contractor/client in 5 deals
Audience (LinkedIn): 480k LinkedIn followers — 23.8% of this cohort's audience
Funding rounds
- Jan 2023Conventional Debt$250M
Founders & team
Investors
FAB, QNB, CTBC Bank, Mashreq
Tech stack
Animate.CssBootstrapContact Form 7CookieyesCore-JsEnvoy
#12
Series A · Chennai, Tamil Nadu · founded 2014$1.2Mraised▾
Series A · Chennai, Tamil Nadu · founded 2014
Manufacturer and designer of injection molds and plastic products. It offers a wide range of services, including Design for Manufacturing, Design for Assembly, screen printing, prototyping, laser engraving, pad printing, mechanical assembly, and box packaging. It primarily serves a diverse range of industries, include Healthcare, Industrial Automation, Smart Homes, Retail, Energy and Utilities, and Transportation and Logistics.
Fliar Intelligence Index™ 35how this company ranks against its industry peers
Growth
top 27%Fin. health
bottom 49%Talent
bottom 49%Tech
bottom 48%Funding
bottom 45%Global
bottom 34%Growth: Revenue +53% YoY · Web rank 10,000,000 → 50,000,000 YoY · Fresh capital in last 24 mo
Fin. health: Revenue ~$1.4M (FY2023) · Net margin 0.9% · Revenue +53% YoY
Talent: 1 named leader on record · 1 C-suite/founder profile curated
Audience (LinkedIn): 7k LinkedIn followers
Funding rounds
- Dec 2024Series A$1M
- Sep 2023Angel$120.3K
- Mar 2022Angel$92.3K
Founders & team
Investors
ARVX Ventures
Tech stack
Anime.JsAnt DesignApache Http ServerBootstrapContact Form 7Core-Js
Funding & investor landscape
$1.4Btotal disclosed funding
77companies funded
137disclosed rounds
1rounds last 90 days
Most active investors
Notable founders
Javad Hassan
Founder & Chairman · SFO Technologies
Nagoor Rawther
Managing Director · SFO Technologies
Gagan Gupta
Co-Founder & CEO · ARISE IIP
G Thrimurthulu
Founder · Raghu Vamsi
Upendra Tummala
CEO · Raghu Vamsi
Muthu Sivan
Founder & Managing Director · Rikun
Anuj Jhunjhunwala
CEO & Managig Director · JJG Machining Group
Himanshu Uniyal
Co-Founder · Wootz.work
Karan Anand
Co-Founder & CEO · Wootz.work
Kumar Pranay
CEO · CORE Energy Systems
Nagesh Basarkar
Managing Director & Chairman · CORE Energy Systems
Dhinesh Kanagaraj
Founder & CEO · Fabheads
Prism market signals · India · country-scoped Prism corpus, 474,633 docs
Market landscape — 10 sub-themes by coverage
Share of Manufacturing Services coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
RESEARCH SIGNALS · India
How research on Additive Manufacturing / 3D Printing is moving in India
A read on the academic research around Additive Manufacturing / 3D Printing — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 2,449 India-affiliated papers.
research sentiment over time
201620212026
enthusiastic · positive · guarded tone
Tone is overwhelmingly optimistic and intensifying — the enthusiastic (strongly-positive) share moved 48% → 68% across 2016–2026.
top research entities
- Vellore Institute of Technology University112
- Saveetha University56
- Indian Institute of Technology Delhi53
- Indian Institute of Technology Madras52
- Chandigarh University50
leading researchers
Rupinder Singh · Ranvijay Kumar · Abid Haleem · Prashant K. Jain · Mohd Javaid · Harish Kumar · Raman Kumar · Balasubramanian Kandasubramanian
▲
Breakthroughs301 · 12%
▼ 15%→12% share
▼0.8× share momentum2 median citations80% since 2021mostly methods-led
Composite material breakthroughs are surging — Indian AM papers rose from 1 to 33, with Fabrication and Extrusion newly emerging at 38 and 28.
rising sub-themes (early→recent)
- 3d printed2→39
- Composite material1→33
- Nanotechnology1→27
- Fused deposition modeling3→22
- Mechanical engineering2→17
Newly emergingFabrication 0→38 · Extrusion 0→28 · Fused filament fabrication 0→16
Landmark Biobased Acrylate Photocurable Resin Formulation for Stereolithography 3D Printing · 268 cites
◆
Advancements1,422 · 58%
▲ 55%→59% share
▲1.1× share momentum3 median citations80% since 2021mostly empirical
Fused deposition modeling advancements are intensifying — papers scaled from 19 to 220, with Polylactic acid and Ultimate tensile strength newly dominating at 70 and 148.
rising sub-themes (early→recent)
- Composite material12→259
- Fused deposition modeling19→220
- 3d printed2→162
- Ultimate tensile strength7→148
- Mechanical engineering2→115
Newly emergingPolylactic acid 0→70 · Process engineering 0→47 · Alloy 0→38
Landmark A critical review on additive manufacturing of Ti-6Al-4V alloy: microstructure and mechanical properties · 539 cites
▼
Concerns236 · 10%
▼ 11%→10% share
▼0.9× share momentum5 median citations80% since 2021mostly reviews
Nanotechnology concern research newly emerged at 29 papers, signalling rising scrutiny alongside Fused deposition modeling concerns tripling from 3 to 30.
rising sub-themes (early→recent)
- 3d printed1→41
- Fused deposition modeling3→30
- Composite material1→23
- Mechanical engineering1→18
- Composite number1→10
Newly emergingNanotechnology 0→29 · Manufacturing engineering 0→18 · Fabrication 0→14
Landmark Printability and Shape Fidelity of Bioinks in 3D Bioprinting · 1,166 cites
RESEARCH HOTSPOTS · India
Where additive manufacturing is researched across India
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
Delhi-NCR158 · +0.40
Chennai111 · +0.50
Pune66 · +0.48
Mumbai63 · +0.54
Bengaluru55 · +0.46
Hyderabad49 · +0.45
Kharagpur43 · +0.46
Roorkee23 · +0.40
Guwahati19 · +0.31
Kanpur17 · +0.44
PATENT SIGNAL · India
Who's filing additive manufacturing patents in India
India additive manufacturing patent filing is accelerating — 230 filings from 307 assignees (2016–2025), led by Fabheads Automation, Tata Consultancy Services, Agnikul Cosmos; annual filings 2→26.
230 filings307 assigneespeak 40/yr2016–2025
filing momentum (YoY 2016–2025)
top patent filers
- Fabheads Automation32
- Tata Consultancy Services15
- Agnikul Cosmos11
- CSIR11
- Pandorum TECH10
- Indian Institute TECH Delhi10
- BONE Substitutes9
- Thinkmetal8
Common questions
How many Manufacturing Services companies are there in India?
Radar tracks 2808 indexable Manufacturing Services companies headquartered in India, India, that meet our profile-completeness bar.
What is the total funding raised by Manufacturing Services companies in India?
The Manufacturing Services companies in India on this list have raised a combined $1.4B in disclosed equity funding across 77 funded companies.
Which is the highest-funded Manufacturing Services company in India?
Amtek Industries is the highest-funded Manufacturing Services company in India, with $293M in disclosed equity funding.
How many Manufacturing Services companies in India are funded?
77 of the 2808 Manufacturing Services companies in India on this list have disclosed at least one equity funding round.
How many Manufacturing Services unicorns are there in India?
2 Manufacturing Services companies in India on this list are valued at $1B or more.
Who are the top investors in India Manufacturing Services companies?
The most active investors in India Manufacturing Services companies on this list include Europa, Canbank Venture Capital Fund, Anicut Capital, IIT Mandi Catalyst, Innoeversity.
Riya SenguptaFinancials
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.