Company lists
The Mumbai edition · 2026

Manufacturing servicescompanies in Mumbai

Contract manufacturing, electronics manufacturing, electrical & energy, metals & steel, industrial automation and more: the companies building manufacturing services in Mumbai, Maharashtra, with their founders, funding, team size and business models.

534 company profiles299 with reported revenue1 with recorded fundingSeptember 2026 edition
Mumbai · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent manufacturing services business events in Mumbai

Funding, M&A, contract wins and launches involving 554 manufacturing services companies in Mumbai, last 24 months: 9 M&A deals · 6 Contracts · 1 funding round. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: May 2026.

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
ContractGovernment

Viraj profiles · client: Ministry of Steel

Viraj Profiles Pvt. Ltd. has signed a Memorandum of Understanding (MoU) with the Ministry of Steel under the Government of India’s Production Linked Incentive (PLI) framework, marking a…

Steel manufacturing
ContractSupply

Mitsu chem plast · client: Arjohuntleigh Polska

Mitsu Chem Plast Limited (BSE: 540078), a leading Indian polymer solutions manufacturer, has entered into a Global Supplier Agreement with Arjohuntleigh Polska, following an extensive…

Healthcare
ContractSupply

Mitsu chem plast · client: Arjohuntleigh Polska Sp. z o.o.

Mitsu Chem Plast Limited has entered into a Global Supplier Agreement with Arjohuntleigh Polska Sp. z o.o., following a year-long validation Process and approvals.

Medical equipment
Contract

RHI AG · client: Orient refractories

Germany’s RHI AG, a leading refractory manufacturer, may acquire Delhi-based Orient Refractories in a transaction valued at about Rs 600 crore, two people close to the development said.

M&AAcquisition · Completed

Authum investment & infrastructure acquires Bharat wire ropes

NBFC Authum Investment & Infrastructure has acquired additional 2.6 percent equity stake in Bharat Wire Ropes, the steel wire rope manufacturing company, via open market transaction on…

ContractSupply

Aeroflex industries · client: subsidiary of U.S. based corporation

This order has been received by Aeroflex Bellow Division and pertains to the supply of liquid cooling solutions for data centers developed for the subsidiary of U.S. based corporation…

Data center cooling technology
M&AAcquisition · Announced

Millars Machinery Company Private Limited acquires Gmm pfaudler

Millars Machinery Company Private Limited, a part of the Promoter Group of GMM Pfaudler Ltd, has announced its intention to acquire 25,000 equity shares of GMM Pfaudler, representing…

Funding

Core energy systems

CORE Energy Systems Ltd., a Mumbai-based engineering firm with over 25 years of experience in India’s nuclear sector, has successfully raised ₹200 crore in a fresh funding round.

Investors Ace investors, Pankaj Prasoon, Ashish Kacholia, Strategic consortium of investors
Nuclear energy/EPC and advanced manufacturing
M&AAcquisition · Announced

Pfaudler acquires SEMCO Tecnologia em Processos Ltda.

GMM Pfaudler Ltd announced today that its wholly owned subsidiary, Pfaudler Ltda., Brazil, has entered into an agreement to acquire 100% of the share capital of SEMCO Tecnologia em…

Industrial mixing and related processes
M&AAcquisition · Completed

SVG Fashions acquires Raj rayon industries

A pivotal moment in SVG's expansion was the acquisition of Raj Rayon Industries Ltd., a move that made SVG a fully integrated polyester manufacturer.

Textile Manufacturing
M&AAcquisition · Announced

Krishna defence & allied industries acquires Waveoptix Defence Solutions Private Limited

Krishna Defence and Allied Industries Limited (KDAIL) has successfully acquired an additional 2,500 equity shares in Waveoptix Defence Solutions Private Limited, increasing its total…

Defence
ContractSupply

Jost's Engineering Company · client: Haryana Vidyut Prasaran Nigam

the company announced that it has been awarded an order worth Rs 29.50 crore from Haryana Vidyut Prasaran Nigam. According to the terms of the order, the company would supply two sets of…

M&AAcquisition · Completed

Vijay Kedia acquires Greaves cotton

Renowned investor Vijay Kedia, through a block deal on Monday, purchased 12 lakh shares of Greaves Cotton, gaining a 0.52% stake in the company.

Engineering
M&AMerger · Announced

Ador fontech acquires Ador welding

Ador Fontech's shares will trade ex-date tomorrow following the company's announcement of its merger with Ador Welding.

Manufacturing services companies in Mumbai, by revenue

Browse manufacturing services companies in Mumbai 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 299 manufacturing services companies in Mumbai, Maharashtra that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

Manufacturer and supplier of stainless steel products

Manufacturing services
₹8,550.49 crFY 2024-25
-1%2024–2025
2,749+124900% vs previous recordLinkedIn · Jul 2026
34 yr1992
0none in 3 months

Manufacturer of winding wires

Manufacturing services
₹4,035.62 crFY 2024-25
+22%2024–2025
1,750recorded
37 yr1989
0none in 3 months

Manufacturer and supplier of refractory and monolithic products for the iron and steel industry

Manufacturing services
₹3,700.57 crFY 2024-25
-2%2024–2025
93+11% 12 mo to Sep 2024recorded Sep 2024
16 yr2010
0none in 3 months

Integrated manufacturer of products for renewable energy and transmission lines sectors

Electricity transmission & distribution equipment
₹3,165.36 crFY 2024-25
+30%2024–2025
1,107LinkedIn · Jul 2026
30 yr1996
0none in 3 months

Manufacturer of cleantech powertrain solutions, generator sets, and farm equipment products

Manufacturing services
₹2,697.95 crFY 2023-24
Not reported
2,397-6% 12 mo to Sep 2024LinkedIn · Jul 2026
167 yr1859
2postings · last posted Sep 2026

Manufacturer of precious metal products

Manufacturing services
₹2,477.67 crFY 2022-23
Not reported
473+10% 12 mo to Sep 2024LinkedIn · Jul 2026
65 yr1961
5postings · last posted Sep 2026

Manufacturer and transporter of Bitumen and LPG

Manufacturing services
₹2,409.47 crFY 2024-25
+13%2024–2025
6+27% 12 mo to Mar 2023LinkedIn · Jul 2026
31 yr1995
1postings · last posted Sep 2026

Company that specializes in the production and transformation of aluminum alloys

Manufacturing services
₹1,616.82 crFY 2024-25
+30%2024–2025
23LinkedIn · Jul 2026
21 yr2005
0none in 3 months

Importer of tin and lead Ingot products

Manufacturing services
₹1,611.53 crFY 2024-25
+44%2024–2025
27LinkedIn · Jul 2026
22 yr2004
0none in 3 months

Manufacturer of steel forgings

Manufacturing services
₹1,201.87 crFY 2022-23
Not reported
429+6% 12 mo to Sep 2024LinkedIn · Jul 2026
56 yr1970
—No postings tracked

Vertically integrated manufacturer of polyester knit textiles and garments

Manufacturing services
₹1,120.25 crFY 2024-25
+11%2024–2025
105LinkedIn · Jul 2026
5 yr2021
0none in 3 months · last posted Nov 2025

Steel processor providing slitting, cut-to-length, embossing, and shearing services

Manufacturing services
₹1,058.65 crFY 2024-25
+38%2024–2025
17LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Manufacturer of single/ 3 Phase transformers

Manufacturing services
₹951.21 crFY 2022-23
Not reported
434+10% 12 mo to May 2023LinkedIn · Jul 2026
33 yr1993
0none in 3 months

Manufacturer of textiles

Textile yarn
₹996.47 crFY 2024-25
+2%2024–2025
218LinkedIn · Jul 2026
36 yr1990
0none in 3 months

V.K. Industrial Corporation Limited – VKICL

Manufacturing services
₹950.48 crFY 2024-25
-45%2024–2025
59LinkedIn · Jul 2026
41 yr1985
0none in 3 months · last posted May 2026

Manufacturer of cables, wires, automated parking systems, and wiring solutions

Manufacturing services
₹798.87 crFY 2023-24
Not reported
348+94% vs previous recordrecorded
46 yr1980
0none in 3 months

Manufacturer of diamonds & grading systems

Manufacturing services
₹814.26 crFY 2024-25
-70%2024–2025
131LinkedIn · Jul 2026
43 yr1983
0none in 3 months

Manufacturer of customized surface preparation systems

Manufacturing services
₹783.13 crFY 2023-24
Not reported
325+32% 12 mo to Jan 2024recorded Jan 2024
87 yr1939
—No postings tracked

Provider of industrial couplings and power transmission solutions for various industries

Manufacturing services
₹781.97 crFY 2024-25
Not reported
152LinkedIn · Jul 2026
22 yr2004
0none in 3 months

Manufacturer of metal products, textiles, and infrastructure solutions

Manufacturing services
₹746.35 crFY 2024-25
+70%2024–2025
7LinkedIn · Jul 2026
16 yr2010
0none in 3 months

Manufacturer of wire and cables

Manufacturing services
₹659.60 crFY 2024-25
+8%2024–2025
58LinkedIn · Jul 2026
28 yr1998
0none in 3 months

Manufacturer of structural metal products, tanks, reservoirs and steam generators

Manufacturing services
₹641.44 crFY 2024-25
-6%2024–2025
—Not available
14 yr2012
0none in 3 months

Wire Rope Manufacturing

Manufacturing services
₹620.11 crFY 2024-25
+0%2024–2025
568+4% 12 mo to Sep 2024LinkedIn · Jul 2026
40 yr1986
0none in 3 months · last posted Jun 2026

Manufacturer of plastic moulded items and water purifiers

Manufacturing services
₹616.74 crFY 2024-25
+21%2024–2025
252-6% vs previous recordLinkedIn · Jul 2026
31 yr1995
0none in 3 months

Manufacturer of semi-finished copper and alloy products

Manufacturing services
₹615.96 crFY 2024-25
+15%2024–2025
—Not available
14 yr2012
0none in 3 months
50 of 534 companies shown here · the full list is on Radar
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Explore all 534 manufacturing services companies in Mumbai on Radar

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

Open manufacturing services in Mumbai on Radar
  • Every company, not just 50All 534 manufacturing services companies in Mumbai, 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 Mumbai by what you are looking for

Browse the top manufacturing services companies in Mumbai, including contract manufacturers, electronics and electrical makers, metal and steel producers and industrial automation suppliers. You can also see manufacturing services startups in Mumbai and which companies are hiring.

9 ways to explore manufacturing services in Mumbai

Contract manufacturing companiesElectronics manufacturing & PCB companiesElectrical equipment & energy manufacturersMetals, steel & alloys manufacturersIndustrial automation & machinery suppliersEngineering, fabrication & 3D printing services

Contract manufacturing companies

Contract manufacturers producing electrical, paper and industrial products for other brands.

  1. Kokuyo Riddhi Paper Products

    Contract manufacturers of paper products

    Contract manufacturers
    Website
  2. Classic Electricals

    Contract manufacturer of electrical products

    Contract manufacturers
    Website
  3. CORE Energy Systems

    Provider of engineered package systems and turnkey project solutions

    Manufacturing services
    Website
  4. AVK Ispat Group

    Supplier of secondary steel products

    Manufacturing services
    Website
  5. Nido World

    Online platform for industrial equipment rentals

    Industrial automation equipment
    Website

Electronics manufacturing & PCB companies

Makers of electronic components, printed circuit boards and electronic systems.

  1. Industrial Controls & Appliances

    Manufacturer & distributor of timers, counters, proximity switches, control panels, PLC control systems

    Manufacturing services
    Website
  2. Avon Engineers

    Manufacturers & designer of PCB connectors

    Printed circuit boards
    Website
  3. Perk Mercantile

    Manufacturer, supplier & exporter of PCB and indicator

    Printed circuit boards
    Website
  4. Hemflex Cables

    Manufacturer of House Wires, Flexible Single/Multi Core Cables, Submersible Cables, and Co-axial Cables.

    Manufacturing services
    Website
  5. EVIO

    Provider of IoT services

    Manufacturing services
    Website

Electrical equipment & energy manufacturers

Manufacturers of transmission equipment, batteries, lighting and energy efficiency products.

  1. Karamtara

    Integrated manufacturer of products for renewable energy and transmission lines sectors

    Electricity transmission & distribution equipment
    See in list
  2. Manika Plastech

    Manufacturer of automotive batteries

    Energy storage
    See in list
  3. Chemtron Science Laboratories

    Manufacturer of industrial and medical gases, gas handling equipment, and analytical instruments. This includes calibration gases, specialty pure gases, gas mixtures for various applications, and related equipment such as regulators, flow meters, and sampling systems. They also offer custom gas chromatographs, gas analyzers, and post-harvest technologies like controlled atmosphere systems for fruit ripening. The company provides custom fabrication of pilot plants, further demonstrating its expertise in gas handling and analytical solutions.

    Manufacturing services
    Website
  4. Teknic Euchner

    Provider of industrial switches

    Manufacturing services
    Website
  5. EVIO

    Provider of IoT services

    Manufacturing services
    Website

Metals, steel & alloys manufacturers

Producers of steel, aluminium, alloys and galvanizing and heat treatment services.

  1. Eurobond

    Manufacturer & supplier of aluminium composite panels

    Building materials
    Website
  2. Hi-Tech Radiators

    Manufacturer of radiator and distribution tank solutions

    Manufacturing services
    Website
  3. SCTFL

    Manufacturer and distributor of sheets, plates, rods, tubes, pipes and metal products

    Building materials
    Website
  4. Imcoalloys

    Manufacturer of wear-resistant alloy components and crushing equipment for industries

    Manufacturing services
    Website
  5. Sigma Galvanizig

    Provider of hot-dip galvanizing services

    Manufacturing services
    Website

Industrial automation & machinery suppliers

Suppliers of industrial automation equipment, machinery parts, tools, sensors and robotics.

  1. NewAge Fire Protection

    Provider of fire protection services

    Manufacturing services
    Website
  2. Kairish Innotech

    Manufacturer of customized machines, medical devices, tooling, fabricated equipment, robotics, and automation solutions

    Manufacturing services
    Website
  3. Contech Engineers

    Supplier of automation and control instruments, sensors, transmitters, and monitoring systems

    Industrial automation equipment
    Website
  4. Nebula Robotics

    Provider of 3rd party robots

    Robotics services
    Website
  5. Hindustan Dorr Oliver Limited

    Hindustan Dorr-Oliver Ltd is an India based company engaged in offering engineering services. It principally provides engineering and construction services, engineering and turnkey solutions, technology and Engineering, Procurement, and Construction (EPC) installations in liquid-solid separation application in various industry segments like minerals processing and beneficiation, pulp and paper processing, fertilizer and chemicals and environment management. The group operates in the business segments of EPC; Trading; and Manufacturing. It generates maximum revenue from the EPC segment. The gro

    Manufacturing services
    Website

Engineering, fabrication & 3D printing services

Engineering consultancies and fabrication, testing and 3D printing service providers.

  1. Hindustan Dorr Oliver Limited

    Hindustan Dorr-Oliver Ltd is an India based company engaged in offering engineering services. It principally provides engineering and construction services, engineering and turnkey solutions, technology and Engineering, Procurement, and Construction (EPC) installations in liquid-solid separation application in various industry segments like minerals processing and beneficiation, pulp and paper processing, fertilizer and chemicals and environment management. The group operates in the business segments of EPC; Trading; and Manufacturing. It generates maximum revenue from the EPC segment. The gro

    Manufacturing services
    Website
  2. DAS Offshore Engineering

    Established in 1987, DAS Offshore Engineering began the operations as an engineering and contracting company handling fabrication of offshore structures.

    Manufacturing services
    Website
  3. Jobby Engineers

    Jobby Engineers Pvt. Limited provides engineering services in sectors like designing, fabrication, erection of industrial pipeline work, structural steel works, Mechanical Equipments, and vessels.

    Manufacturing services
    Website
  4. dalal engineering pvt. ltd

    Dalal Engineering manufactures stainless steel process equipment.

    Manufacturing services
    Website
  5. enviro group

    Enviro Group is an environmental consulting company that offers environmental risk management, energy efficiency, and engineering services.

    Manufacturing services
    Website

Diversified industrial groups & conglomerates

Large diversified industrial groups that manufacture across several product lines.

  1. Sat Industries

    Manufacturer of PP/HDPE woven bags

    Traditional conglomerates
    See in list
  2. Lumens India

    Manufacturer of LED lighting, modular furniture, and electrical control panels. This company designs and manufactures a variety of products, including LED luminaries, office furniture, and low-voltage electrical control panels. They also produce sheet metal components for various applications. The company has a history in lighting manufacturing and has expanded into complementary product lines. Manufacturing processes incorporate advanced technology and quality control measures.

    Manufacturing services
    Website
  3. HHCL

    Diversified conglomerate operating across multiple industries

    Manufacturing services
    Website
  4. Greaves Cotton

    Manufacturer of cleantech powertrain solutions, generator sets, and farm equipment products

    Manufacturing services
    See in list
  5. Agarwal Industrial

    Manufacturer and transporter of Bitumen and LPG

    Manufacturing services
    See in list

Manufacturing services startups in Mumbai

Newer manufacturing services companies in Mumbai founded in recent years.

  1. BCSSL

    Steel processor providing slitting, cut-to-length, embossing, and shearing services

    Manufacturing services
    See in list
  2. XCMart

    Manufacturer of bed and bath linens for hospitality and home textiles

    Logistics tech
    Website
  3. Zodiac Tank Container Terminals

    Provider of tank container terminalshas and calibrated equipments

    Manufacturing services
    Website
  4. Revera Enterprise

    Company that deals in a diverse product mix of multiple commodities

    Manufacturing services
    Website
  5. Trishula Robotics

    Provider of advanced and specialized robotics services

    Manufacturing services
    Website
13 companies in Mumbai

Manufacturing services companies hiring in Mumbai

Manufacturing services companies in Mumbai with open roles right now.

  1. Greaves Cotton

    Manufacturer of cleantech powertrain solutions, generator sets, and farm equipment products

    Manufacturing services
    See in list
  2. Hindustan Platinum

    Manufacturer of precious metal products

    Manufacturing services
    See in list
  3. Agarwal Industrial

    Manufacturer and transporter of Bitumen and LPG

    Manufacturing services
    See in list
  4. Svgfashions

    Vertically integrated manufacturer of polyester knit textiles and garments

    Manufacturing services
    See in list
  5. VKICL

    V.K. Industrial Corporation Limited – VKICL

    Manufacturing services
    See in list
15 companies in Mumbai
Mobile reach

Top 10 manufacturing services apps from Mumbai

The most-installed Android apps published by manufacturing services companies headquartered in Mumbai — 25K installs between them. 10 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
2

Eurobond Rewards Pro

by Eurobond

Installs7K
Rating—
Last updatedJun 2026
View on Google Play ↗
Eurobond Rewards Pro screenshot 1Eurobond Rewards Pro screenshot 2Eurobond Rewards Pro screenshot 3Eurobond Rewards Pro screenshot 4Eurobond Rewards Pro screenshot 5Eurobond Rewards Pro screenshot 6
4

Fujitec SiteApp

by Fujitec

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

BOLA | Smart Transformer App

by KRYFS

Installs455
Rating—
Last updatedNov 2025
View on Google Play ↗
BOLA | Smart Transformer App screenshot 1BOLA | Smart Transformer App screenshot 2BOLA | Smart Transformer App screenshot 3BOLA | Smart Transformer App screenshot 4BOLA | Smart Transformer App screenshot 5BOLA | Smart Transformer App screenshot 6
The business behind the activity

Manufacturing services financials in Mumbai

Revenue, profit and growth from the filed annual accounts of 275 manufacturing services companies in Mumbai, Maharashtra for FY24-25 — 302 of the 534 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 29% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹70,304.43 cr

275 companies filing accounts

combined net profit₹3,276.89 cr

4.7% aggregate margin

are profitable93%

257 of 275 companies

median revenue~₹92.5 cr

the typical company

median revenue growth+9%

into FY24-25

earned by the top five29%

revenue concentration

Six-year view

Combined revenue of filing companies

₹31,442.73 crFY19-20252 filers
₹31,671.41 crFY20-21269 filers
₹47,688.80 crFY21-22278 filers
₹64,460.46 crFY22-23283 filers
₹67,485.16 crFY23-24288 filers
₹70,304.43 crFY24-25275 filers

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

Like-for-like

The same 262 companies over three years

+12%
FY22-23₹61,541.58 cr₹1,955.05 cr net
FY23-24₹64,381.14 cr₹2,977.30 cr net
FY24-25₹69,020.57 cr₹3,242.41 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 cr956% profitable
₹1–10 cr2692% profitable
₹10–100 cr10892% profitable
₹100–1,000 cr12298% profitable
Over ₹1,000 cr10100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking68
0–20%111
20–50%54
50–100%21
Doubled+18

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

Profitability

Profit is concentrated at the top

257profitable
18loss-making
4.7%aggregate margin
3.3%median margin

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

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
Swadeshi Industries and LeasingSwadeshi Industries And Leasing Ltd+542%₹16.76 cr
StancortubularsSTANCOR TUBULAR PRODUCTS PRIVATE LIMITED+378%₹86.65 cr
Vighnahar EngineersVIGHNAHAR ENGINEERS PRIVATE LIMITED+238%₹28.79 cr
Ardh MetalsARDH METALS AND ALLOYS PRIVATE LIMITED
SujyotiSUJYOTI INDIA PRIVATE LIMITED₹57.20 cr
Kairish InnotechKAIRISH INNOTECH PRIVATE LIMITED+132%₹47.89 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
NESCONESCO LIMITED44.4%₹845.67 cr
Industrial Controls & AppliancesINDUSTRIAL CONTROLS AND APPLIANCES PRIVATE LIMITED
Century MarkersCENTURY INKS PVT LTD₹12.80 cr
Jay PrecisionJAY PRECISION PHARMACEUTICALS PRIVATE LIMITED₹151.56 cr
PolyrubPOLYRUB EXTRUSIONS (INDIA) PRIVATE LIMITED
Echjay IndustriesECHJAY INDUSTRIES PRIVATE LIMITED19.9%₹1,362.70 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Manufacturing services263₹65,298.36 cr~₹92.7 cr94%4.7%
Leaders

Largest manufacturing services companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
VirajVIRAJ PROFILES PRIVATE LIMITED₹8,550.17 cr₹190.48 cr2.2%-1%
Precision WiresPRECISION WIRES INDIA LIMITED₹4,035.62 cr₹90.04 cr2.2%+22%
KaramtaraKARAMTARA ENGINEERING LIMITED₹3,115.90 cr₹134.92 cr4.3%+30%
Orient RefractoriesRHI MAGNESITA INDIA LIMITED₹2,897.12 cr₹223.00 cr7.7%+2%
Greaves CottonGREAVES COTTON LIMITED₹2,027.40 cr₹185.87 cr9.2%+12%
Agarwal IndustrialAGARWAL INDUSTRIAL CORPORATION LIMITED₹2,019.49 cr₹53.63 cr2.7%+12%
Sunalco AlloysSUNALCO ALLOYS PRIVATE LIMITED₹1,616.82 cr₹18.60 cr1.2%+30%
Echjay IndustriesECHJAY INDUSTRIES PRIVATE LIMITED₹1,362.70 cr₹270.81 cr19.9%-2%
KRYFSKRYFS POWER COMPONENTS LIMITED₹1,269.49 cr₹68.04 cr5.4%+28%
BCSSLBOMBAY COATED AND SPECIAL STEELS LIMITED₹1,058.65 cr₹28.67 cr2.7%+38%
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 Mumbai

The financials above are one chapter. The full manufacturing services landscape of Mumbai 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 Mumbai
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 Mumbai 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, Mumbai9

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 Mumbai

8Acquisition
1Merger

Most active acquirers

  1. Krishna defence & allied industries2
  2. Authum investment & infrastructure1
  3. Millars Machinery Company Private Limited1
  4. Zetwerk Manufacturing Businesses1
  5. Pfaudler1

Most acquired or merged

  1. Taharabadkar Solutions Pvt Ltd1
  2. Bharat wire ropes1
  3. Gmm pfaudler1
  4. Kryfs power components1
  5. SEMCO Tecnologia em Processos Ltda.1

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

Founders and momentum in Mumbai

Meet the people behind manufacturing services companies in Mumbai. 164 of 534 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Mumbai manufacturing services companies by sub-sector

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

Keep exploring manufacturing services in India and nearby markets.

Coming soon