Company lists
The Madhya Pradesh edition · 2026

Manufacturing servicescompanies in Madhya Pradesh

Construction & steel, food & agri equipment, packaging & chemicals, testing & engineering, electronics & sensors and more: the companies building manufacturing services in Madhya Pradesh, with their founders, funding, team size and business models.

61 company profiles32 with reported revenue0 with recorded fundingOctober 2026 edition
Madhya Pradesh · 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: 200 Contracts · 85 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 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 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
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 · 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
M&AAcquisition · Completed

Cyient acquires Tao Digital

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

Engineering service provider
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 Madhya Pradesh, by revenue

Browse manufacturing services companies in Madhya Pradesh by reported revenue, one-year revenue growth, revenue model, age and stage. The 32 companies below are the largest by their most recent reported revenue among 32 manufacturing services companies in Madhya Pradesh 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 32

Provider of engineering sector solutions in mechanical, hydraulic, pneumatic, electrical, and electronics

Manufacturing services
₹437.88 crFY 2024-25
+32%2024–2025
194+629% vs previous recordLinkedIn · Jul 2026
30 yr1996
0none in 3 months

Starch, glucose & dextrose manufacturer

Manufacturing services
₹390.24 crFY 2024-25
+27%2024–2025
380recorded
41 yr1985
0none in 3 months

Supplier of steel and construction materials

Manufacturing services
₹317.48 crFY 2024-25
-1%2024–2025
15LinkedIn · Jul 2026
42 yr1984
0none in 3 months

Manufacturer of TMT bars for the construction industry

Manufacturing services
₹292.64 crFY 2024-25
+5%2024–2025
13LinkedIn · Jul 2026
24 yr2002
0none in 3 months

Provider of construction related solutions for bridge expansion, structural waterproofing, and noise reduction joints

Manufacturing services
₹286.57 crFY 2024-25
-10%2024–2025
246LinkedIn · Oct 2026
32 yr1994
0none in 3 months

Manufacturer of corrugated boxes using recycled Kraft paper

Manufacturing services
₹280.43 crFY 2024-25
+14%2024–2025
68LinkedIn · Oct 2026
30 yr1996
0none in 3 months

Manufacturer of automotive seating systems, cowls, sheet metal and tubular pipe components

Manufacturing services
₹262.68 crFY 2024-25
+1%2024–2025
53LinkedIn · Jul 2026
41 yr1985
0none in 3 months

Manufacturer and exporter of feed plants and related machinery

Manufacturing services
₹244.65 crFY 2024-25
+42%2024–2025
147LinkedIn · Jul 2026
28 yr1998
0none in 3 months · last posted Aug 2025

Manufacturer of steel, aluminium & pipe tube cutting

Manufacturing services
₹186.45 crFY 2024-25
+15%2024–2025
109+4% 12 mo to Aug 2024LinkedIn · Oct 2026
41 yr1985
0none in 3 months

Manufacturer of white-metal lined precision journal bearings, guide pads, and thrust pads

Manufacturing services
₹157.84 crFY 2024-25
+9%2024–2025
5LinkedIn · Jul 2026
26 yr2000
0none in 3 months

Manufacturer of plastic processing machinery

Manufacturing services
₹131.12 crFY 2024-25
+3%2024–2025
260+79% 12 mo to Aug 2024recorded Aug 2024
37 yr1989
0none in 3 months · last posted Jul 2026

Manufacturer of motor vehicle parts

Manufacturing services
₹128.92 crFY 2024-25
-2%2024–2025
259LinkedIn · Jul 2026
30 yr1996
0none in 3 months · last posted Apr 2026

Manufacturer of agriculture sprayers, fogging machines, and garden tools

Manufacturing services
₹115.01 crFY 2024-25
+37%2024–2025
36LinkedIn · Jul 2026
33 yr1993
0none in 3 months · last posted Jul 2026

Manufacturer of metal cutting band saw

Manufacturing services
₹114.38 crFY 2024-25
-8%2024–2025
—Not available
22 yr2004
0none in 3 months

Provider of thermal insulation services

Manufacturing services
₹107.44 crFY 2024-25
+23%2024–2025
—Not available
18 yr2008
0none in 3 months · last posted Jul 2026

Manufacturer of CRGO transformer cores and laminations

Manufacturing services
₹76.14 crFY 2024-25
-10%2024–2025
15LinkedIn · Jul 2026
19 yr2007
0none in 3 months

Manufacturer of flexible intermediate bulk containers for packaging and transporting goods

Manufacturing services
₹63.90 crFY 2024-25
+11%2024–2025
9LinkedIn · Jul 2026
21 yr2005
0none in 3 months · last posted Jun 2026

Manufacturer and supplier of PVC, uPVC, HDPE, MDPE pipes for various applications

Manufacturing services
₹63.04 crFY 2024-25
-30%2024–2025
27LinkedIn · Jul 2026
20 yr2006
0none in 3 months

Provider of pharmaceutical and food analysis laboratory services

Manufacturing services
₹41.85 crFY 2024-25
+14%2024–2025
175recorded
44 yr1982
0none in 3 months

Provider of Material Handling Equipment solutions and services for transportation, logistics, supply chain, and storage industries

Manufacturing services
₹36.19 crFY 2024-25
+5%2024–2025
152LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Company that specializes in the distribution of heavy-duty fencing products and hand tools

Manufacturing services
₹27.37 crFY 2024-25
+4%2024–2025
—Not available
3 yr2023
0none in 3 months

Manufacturer of safety and lighting solutions for industrial sectors

Manufacturing services
₹23.58 crFY 2024-25
-28%2024–2025
6LinkedIn · Jul 2026
25 yr2001
0none in 3 months

Cable manufacturer offering a range of insulated aluminum armored cables

Manufacturing services
₹17.34 crFY 2024-25
+74%2024–2025
3LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Manufacturer of water meters including domestic, industrial, and remote reading types

Manufacturing services
₹14.24 crFY 2024-25
-26%2024–2025
—Not available
3 yr2023
0none in 3 months

Provider of industrial fabrication solutions

Manufacturing services
₹12.72 crFY 2024-25
+10%2024–2025
—Not available
6 yr2020
0none in 3 months
32 of 61 companies shown here · the full list is on Radar
Fliar Radar

Explore all 61 manufacturing services companies in Madhya Pradesh on Radar

This page shows the top 32. Radar has the complete, filterable list with contacts and live company signals.

Open manufacturing services in Madhya Pradesh on Radar
  • Every company, not just 50All 61 manufacturing services companies in Madhya Pradesh, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
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Explore manufacturing services companies in Madhya Pradesh by what you are looking for

Find manufacturing services companies in Madhya Pradesh, from steel and construction materials to food processing and packaging. Browse the top manufacturing companies and manufacturing startups in Madhya Pradesh by type.

8 ways to explore manufacturing services in Madhya Pradesh

Steel, construction materials & machinery makersFood processing, agri & packaging equipment makersPackaging, starch & chemical manufacturersTesting, engineering & compliance servicesElectronics, sensors & audio device makersListed manufacturing services companies in Madhya Pradesh

Steel, construction materials & machinery makers

Manufacturers and suppliers of steel, TMT bars, construction materials and machinery.

  1. Deccan Diesels

    Provider of engineering sector solutions in mechanical, hydraulic, pneumatic, electrical, and electronics

    Manufacturing services
    See in list
  2. mec technology

    MEC Technology is an industrial machinery manufacturing company that offers engineering services, spare parts, and development services.

    Manufacturing services
    Website
  3. Choksi Laboratories

    Provider of pharmaceutical and food analysis laboratory services

    Manufacturing services
    See in list
  4. Khandelwal Agencies

    Supplier of steel and construction materials

    Manufacturing services
    See in list

Food processing, agri & packaging equipment makers

Makers of farm machinery, food processing equipment and food packaging.

  1. Neptune

    Manufacturer of agriculture sprayers, fogging machines, and garden tools

    Manufacturing services
    See in list
  2. Raj Works & Industries

    Manufacturer and exporter of pulverizer, industrial grinding, and food processing machines

    Manufacturing services
    Website
  3. Sentinel Engineers

    Manufacturer of changeover switches and other electrical equipments

    Manufacturing services
    Website
  4. India Bottle House

    Manufacturer of pet bottles and preforms

    Manufacturing services
    Website

Packaging, starch & chemical manufacturers

Manufacturers of corrugated boxes, bottles, starch and industrial chemicals.

  1. Worth Peripherals

    Manufacturer of corrugated boxes using recycled Kraft paper

    Manufacturing services
    See in list
  2. Tirupati starch & Chemicals

    Starch, glucose & dextrose manufacturer

    Manufacturing services
    See in list
  3. Deccan Diesels

    Provider of engineering sector solutions in mechanical, hydraulic, pneumatic, electrical, and electronics

    Manufacturing services
    See in list
  4. Khandelwal Agencies

    Supplier of steel and construction materials

    Manufacturing services
    See in list
  5. Primo

    Manufacturer of flexible intermediate bulk containers for packaging and transporting goods

    Manufacturing services
    See in list

Testing, engineering & compliance services

Laboratory testing, engineering consulting and compliance service providers.

  1. Choksi Laboratories

    Provider of pharmaceutical and food analysis laboratory services

    Manufacturing services
    See in list
  2. RAR Engineering

    Civil engineering and environmental services company

    Engineering consulting
    See in list
  3. jash

    JASH is a manufacturer of precision surface equipments.

    Manufacturing services
    Website

Electronics, sensors & audio device makers

Makers of sensors, lighting, headphones and automation equipment.

  1. Precision Robotics

    Manufacturer of testing machines, sensors, automation, and related digital instruments

    Sensors
    Website
  2. Dwarka Castings Engg

    Manufacturer of cast metal poles, bollards, furniture, and lighting products

    Energy efficiency
    Website
  3. Panatronix

    Provider of electronic manufacturing services including PCB design, assembly, and testing

    Audio tech
    Website
3 companies in Madhya PradeshAll 178 sensors companies in India →

Listed manufacturing services companies in Madhya Pradesh

Publicly listed manufacturers and manufacturing service providers in Madhya Pradesh.

  1. Tirupati starch & Chemicals

    Starch, glucose & dextrose manufacturer

    Manufacturing services
    See in list
  2. Worth Peripherals

    Manufacturer of corrugated boxes using recycled Kraft paper

    Manufacturing services
    See in list
  3. Choksi Laboratories

    Provider of pharmaceutical and food analysis laboratory services

    Manufacturing services
    See in list
  4. itl industries

    ITL Industries is a saw machine manufacturer and exporter.

    Manufacturing services
    Website
  5. GODHA cabcon & insulation

    Manufacturer of AAAC, ACSR, and AAC conductors and A B cables

    Manufacturing services
    Website
6 companies in Madhya Pradesh

Manufacturing startups in Madhya Pradesh

Recently founded manufacturing companies in Madhya Pradesh.

  1. Tata Wiron

    Company that specializes in the distribution of heavy-duty fencing products and hand tools

    Manufacturing services
    See in list
  2. Tuff Twelve Glass

    Manufacturer of fully tempered and heat-strengthened glass products

    Manufacturing services
    See in list
  3. Mashinbajar

    Buy | Sell| Rental| Second hand Construction Machinery Equipment Online in India -Mashinbajar

    Manufacturing services
    See in list
  4. RudraX Dynamics

    Manufacturer of mixing kettels, hopper feeders, mixing drum, and other products

    Manufacturing services
    Website
4 companies in Madhya Pradesh

Manufacturing companies hiring in Madhya Pradesh

Manufacturing services companies in Madhya Pradesh with open roles.

  1. Hidustan Equipments

    Manufacturer and exporter of feed plants and related machinery

    Manufacturing services
    See in list
  2. Sai Machine Tools

    Manufacturer of plastic processing machinery

    Manufacturing services
    See in list
  3. Kach Motors

    Manufacturer of motor vehicle parts

    Manufacturing services
    See in list
  4. Neptune

    Manufacturer of agriculture sprayers, fogging machines, and garden tools

    Manufacturing services
    See in list
  5. Shree Engineers

    Provider of thermal insulation services

    Manufacturing services
    See in list
8 companies in Madhya Pradesh
Mobile reach

Top 3 manufacturing services apps from Madhya Pradesh

The most-installed Android apps published by manufacturing services companies headquartered in Madhya Pradesh — 100K installs between them. 3 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 3
2

Shivangi TMT

by Shivangi

Installs4K
Rating—
Last updatedJun 2026
View on Google Play ↗
Shivangi TMT screenshot 1Shivangi TMT screenshot 2Shivangi TMT screenshot 3Shivangi TMT screenshot 4Shivangi TMT screenshot 5
3

Crown Loyalty

by VIP Pipes

Installs209
Rating—
Last updatedApr 2026
View on Google Play ↗
Crown Loyalty screenshot 1Crown Loyalty screenshot 2Crown Loyalty screenshot 3Crown Loyalty screenshot 4Crown Loyalty screenshot 5Crown Loyalty screenshot 6
The business behind the activity

Manufacturing services financials in Madhya Pradesh

Revenue, profit and growth from the filed annual accounts of 34 manufacturing services companies in Madhya Pradesh for FY24-25 — 35 of the 61 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 42% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹3,997.66 cr

34 companies filing accounts

combined net profit₹216.21 cr

5.4% aggregate margin

are profitable97%

32 of 34 companies

median revenue~₹83.7 cr

the typical company

median revenue growth+10%

into FY24-25

earned by the top five42%

revenue concentration

Six-year view

Combined revenue of filing companies

₹2,024.11 crFY19-2029 filers
₹2,148.56 crFY20-2132 filers
₹2,800.36 crFY21-2232 filers
₹3,357.76 crFY22-2333 filers
₹3,630.48 crFY23-2434 filers
₹3,997.66 crFY24-2534 filers

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

Like-for-like

The same 32 companies over three years

+18%
FY22-23₹3,354.24 cr₹164.63 cr net
FY23-24₹3,613.00 cr₹190.93 cr net
FY24-25₹3,965.52 cr₹216.63 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 cr1100% profitable
₹1–10 cr580% profitable
₹10–100 cr1292% profitable
₹100–1,000 cr16100% 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

Shrinking9
0–20%11
20–50%8
50–100%2
Doubled+3

33 companies with accounts for both years; median growth +10%.

Profitability

Profit is concentrated at the top

32profitable
1loss-making
5.4%aggregate margin
3.2%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
AnoCabANODE ELECTRIC PRIVATE LIMITED+74%₹17.34 cr
APS EnterprisesAPS ENTERPRISES PRIVATE LIMITED+50%₹158.00 cr
Hidustan EquipmentsHINDUSTAN EQUIPMENTS PRIVATE LIMITED+42%₹244.65 cr
Integral SolutionsIAV INTEGRAL SOLUTIONS PRIVATE LIMITED
NeptuneNEPTUNE FAIRDEAL PRODUCTS PRIVATE LIMITED+37%₹115.01 cr
Tirupati starch & ChemicalsTIRUPATI STARCH & CHEMICALS LIMITED+27%₹390.24 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Omega Renk BearingsOMEGA RENK BEARINGS PRIVATE LIMITED26.4%₹157.84 cr
Siena EngineeringSIENA ENGINEERING PRIVATE LIMITED16.4%₹91.16 cr
Shree EngineersSHREE ENGINEERS & CONTRACTORS LIMITED13.2%₹107.44 cr
Sai Machine ToolsSAI MACHINE TOOLS PVT LTD11.3%₹131.12 cr
Diversitech General EngineeringDIVERSITECH GENERAL ENGINEERING PVT LTD8.8%₹262.68 cr
FONTYFONTY SUPPLY CHAIN SOLUTIONS PRIVATE LIMITED8.8%₹36.19 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Manufacturing services33₹3,995.70 cr~₹91.2 cr97%5.4%
Leaders

Largest manufacturing services companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Deccan DieselsDECCAN SALES & SERVICE PRIVATE LIMITED₹408.25 cr₹9.21 cr2.3%+26%
Tirupati starch & ChemicalsTIRUPATI STARCH & CHEMICALS LIMITED₹390.24 cr₹7.54 cr1.9%+27%
Khandelwal AgenciesKHANDELWAL AGENCIES PRIVATE LIMITED₹317.48 cr₹1.61 cr0.5%-1%
ShivangiSHIVANGI ROLLING MILLS PRIVATE LIMITED₹292.64 cr₹6.26 cr2.1%+5%
Sanfield IndiaMAURER-SANFIELD INDIA LIMITED₹286.57 cr₹25.27 cr8.8%-10%
Diversitech General EngineeringDIVERSITECH GENERAL ENGINEERING PVT LTD₹262.68 cr₹23.24 cr8.8%+1%
Hidustan EquipmentsHINDUSTAN EQUIPMENTS PRIVATE LIMITED₹244.65 cr₹7.78 cr3.2%+42%
Worth PeripheralsWORTH PERIPHERALS LIMITED₹201.97 cr₹15.80 cr7.8%+10%
ITLITL INDUSTRIES LIMITED₹186.22 cr₹9.11 cr4.9%+15%
APS EnterprisesAPS ENTERPRISES PRIVATE LIMITED₹158.00 cr₹1.83 cr1.2%+50%
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

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 Madhya Pradesh 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, India85

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

82Acquisition
1Merger
1Takeover

Most active acquirers

  1. Cyient7
  2. Hoffmann4
  3. Sellwin traders4
  4. Tata technologies3
  5. Sunita tools3

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 Madhya Pradesh

Meet the people behind manufacturing services companies in Madhya Pradesh. 16 of 61 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