Steel & metal, electronics, machinery & equipment, textiles & plastics, energy & waste and more: the companies building manufacturing services in Punjab, with their founders, funding, team size and business models.
126 company profiles61 with reported revenue0 with recorded fundingOctober 2026 edition
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: 201 Contracts · 86 M&A deals · 20 launches · 18 funding rounds. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.
M&AAcquisition · Announced
Akkodis India Private Limited, Akkodis UK Limited, and Akkodis Inc. acquires Axiscades
Cyril Amarchand Mangaldas acted as lead global legal counsel to AXISCADES Technologies Limited (“ATL”) in connection with the transfer of its business comprising the provision of…
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…
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 Inc. (Tao Digital)
Cyient has entered into a definitive agreement to acquire entire stake in Tao Digital Solutions Inc. (Tao Digital), a global digital engineering firm focused on data, product, and AI-led…
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.
The transaction involves Akkodis acquiring 100% of AXISCADES' Engineering Services practice, with the consideration pegged at approximately US$30.63 million.
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…
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
Donaldson Company has completed its previously announced acquisition of Facet Filtration strengthening its position in technology-led filtration products and solutions.
Deepak Chem Tech Limited (DCTL) ... entered into a long‑term agreement with Praxair India ... to establish a hydrogen and carbon monoxide (HyCO) plant.
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…
InvestorsM/s India Coke and Power Private Limited, M/s IMR Steel Private Limited
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…
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…
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.
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…
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…
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.
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.
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…
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…
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.…
AMI Paradigm Solutions Private Limited (AMIPS), a joint venture between AM Group and ParadigmIT, has inked a binding transfer agreement (BTA) with L&T Technology Services (LTTS) to…
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…
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.
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…
Spectrum Electrical Industries Limited has successfully completed its acquisition of Alric Electric Private Limited, marking a significant milestone in the company's expansion strategy.
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…
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 Punjab, by revenue
Browse manufacturing services companies in Punjab 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 61 manufacturing services companies in Punjab 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
Company & businessRevenueRevenue growthHeadcount & growthAgeJobs · last 3 months
Develops, manufactures and supplies electronic equipment for multiple industries
Every company, not just 50All 126 manufacturing services companies in Punjab, filterable by stage, funding, team size, revenue model and age.
Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
Save and exportBuild lists, compare companies side by side and export them from your Radar account.
Explore manufacturing services companies in Punjab by what you are looking for
Browse manufacturing services companies in Punjab, from steel and metal producers to electronics, textile and machinery makers. Find top manufacturing companies and contract manufacturers by type.
8 ways to explore manufacturing services in Punjab
Steel, metal & building material manufacturersElectronics manufacturing servicesIndustrial machinery & equipment manufacturersTextile, polymer & packaging manufacturersEnergy, waste & facility technology manufacturersListed manufacturing companies in Punjab
Steel, metal & building material manufacturers
Producers of steel, metal products, roofing and construction materials.
Mahawar Iron Stores
Supplier of ferroalloys, cement, salt, metal scrap, and industrial chemicals
Manufacturer of a wide range of power tools, including woodworking routers, wood cutters, blower, drill machines, electric routers, and sprayer blowers
Revenue, profit and growth from the filed annual accounts of 59 manufacturing services companies in Punjab for FY24-25 — 63 of the 126 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 35% of the revenue, so medians describe the typical company better than totals.
combined revenue, FY24-25₹12,336.34 cr
59 companies filing accounts
combined net profit₹554.64 cr
4.5% aggregate margin
are profitable98%
58 of 59 companies
median revenue~₹152.8 cr
the typical company
median revenue growth+4%
into FY24-25
earned by the top five35%
revenue concentration
Six-year view
Combined revenue of filing companies
₹7,573.93 crFY19-2058 filers
₹7,688.13 crFY20-2160 filers
₹11,837.77 crFY21-2261 filers
₹13,721.83 crFY22-2360 filers
₹13,491.25 crFY23-2462 filers
₹12,336.34 crFY24-2559 filers
The number of companies filing changes each year; the three-year cohort below compares like with like.
Like-for-like
The same 56 companies over three years
-0%
FY22-23₹12,128.50 cr₹619.30 cr net
FY23-24₹11,847.95 cr₹525.83 cr net
FY24-25₹12,069.41 cr₹545.31 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 cr0—
₹1–10 cr4100% profitable
₹10–100 cr1894% profitable
₹100–1,000 cr36100% profitable
Over ₹1,000 cr1100% profitable
Companies by FY24-25 revenue. Bars show how many companies sit in each band.
Momentum
How fast revenue moved into FY24-25
Shrinking19
0–20%27
20–50%10
50–100%1
Doubled+2
59 companies with accounts for both years; median growth +4%.
Profitability
Profit is concentrated at the top
58profitable
1loss-making
4.5%aggregate margin
1.9%median margin
The aggregate margin is pulled up by a few large filers; the median shows the typical company.
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 Punjab 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, India86
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
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
Punjab in context
Punjab’s share of India’s manufacturing services funding
Rounds0%0 of 41
Capital0%US$0k of US$561.17m
Equity rounds over the last five years, 130 manufacturing services companies in Punjab among 4,434 in India.
Corporate activity · last 24 months
M&A in India
83Acquisition
1Merger
1Takeover
Most active acquirers
Cyient7
Hoffmann4
Sellwin traders4
Tata technologies3
Sunita tools3
Most acquired or merged
Axiscades3
Gupta Power Infrastructure3
A-1 sureja industries3
Shaily engineering plastics3
Altek electronics3
Each deal appears in the events strip at the top of the page.
Founders and momentum in Punjab
Meet the people behind manufacturing services companies in Punjab. 35 of 126 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.
Fastest revenue growth
Manufacturing services companies in Punjab with the highest one-year revenue growth among those reporting at least ₹5 crore in revenue. Growth is the reported one-year change for the period shown.
Manufacturing services
Manufacturer of highconveyor belts, offering solutions for material handling and conveying applications
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Growing teams
Companies whose recorded headcount rose the most between the two most recent team-size snapshots. A larger team is a signal of momentum, not of profitability.
Manufacturer of a wide range of power tools, including woodworking routers, wood cutters, blower, drill machines, electric routers, and sprayer blowers
Founded2024Unfunded
Founders
Details not available
Manufacturing services
Supplier of used CNC machines, including lathes, and milling machines
Founded2024Unfunded
Founders
Details not available
Manufacturing services
Manufacturer of metal casting products
Founded2024Unfunded
Founders
Details not available
Manufacturing services
Manufacturer of bicycle parts, batteries, and sewing machine components
Founded2023Unfunded
Founders
Details not available
Manufacturing services
Manufacturer and exporter of high-quality rice milling, cleaning, and sorting machinery
We will reply with coverage, fields and pricing for your use case.
Radar members
Log in to see every figure
Filed revenue, profit and growth for every company on this page are available with a Radar account. Log in and you will come straight back here with all figures open.