Company lists
The Punjab edition · 2026

Manufacturing servicescompanies in Punjab

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…

Engineering Services
M&AAcquisition · Announced

Akkodis acquires Axiscades

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

Engineering Services
ContractSupply

Master components · client: Na

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

Industrial Manufacturing
M&AAcquisition · 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…

Digital 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 (AMIPS) acquires L&t technology services

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…

Technology 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 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

Develops, manufactures and supplies electronic equipment for multiple industries

Manufacturing services
₹1,531.20 crFY 2024-25
-12%2024–2025
2+5% 12 mo to Sep 2024LinkedIn · Oct 2026
42 yr1984
0none in 3 months

Leading manufacturer of TMT bars

Manufacturing services
₹1,307.89 crFY 2023-24
+3%2023–2024
—Not available
16 yr2010
0none in 3 months

Manufacturer of steel products using advanced filtration systems

Manufacturing services
₹860.88 crFY 2024-25
-3%2024–2025
87+480% 12 mo to Sep 2024recorded Sep 2024
30 yr1996
0none in 3 months

Provider of metal manufacturing services

Manufacturing services
₹666.83 crFY 2024-25
+16%2024–2025
50+7% 12 mo to Sep 2024LinkedIn · Oct 2026
29 yr1997
0none in 3 months

Manufacturer of boilers

Manufacturing services
₹551.60 crFY 2024-25
-15%2024–2025
49LinkedIn · Oct 2026
27 yr1999
0none in 3 months

Manufacturer and supplier of steel ingots, rectangular & rolled steel bars

Manufacturing services
₹416.95 crFY 2024-25
-10%2024–2025
—Not available
27 yr1999
0none in 3 months

Provider of hand operated tools manufacturing services

Manufacturing services
₹356.96 crFY 2024-25
+5%2024–2025
46LinkedIn · Jul 2026
45 yr1981
0none in 3 months

Manufacturer of ERW tubes for various industrial applications

Manufacturing services
₹333.28 crFY 2024-25
+16%2024–2025
16LinkedIn · Jul 2026
23 yr2003
0none in 3 months

Manufacturer of hardware and fencing products

Manufacturing services
₹322.73 crFY 2024-25
+8%2024–2025
—Not available
31 yr1995
0none in 3 months

Manufacturer of cotton fabrics, textile yarn and garments

Textile yarn
₹311.07 crFY 2024-25
-22%2024–2025
2,076recorded Mar 2023
46 yr1980
0none in 3 months

Manufacturer, supplier, and exporter of MS Billets, HR Coil, and ERW Pipes

Manufacturing services
₹302.29 crFY 2024-25
+14%2024–2025
—Not available
36 yr1990
0none in 3 months

Manufacturer of electrical stampings & motors, and aluminum pressure die castings

Manufacturing services
₹297.74 crFY 2024-25
-5%2024–2025
139LinkedIn · Jul 2026
39 yr1987
0none in 3 months

Supplier of ferroalloys, cement, salt, metal scrap, and industrial chemicals

Materials distributors
₹248.79 crFY 2022-23
Not reported
—Not available
78 yr1948
—No postings tracked

Manufacturer and supplier of steel products

Manufacturing services
₹250.28 crFY 2024-25
+10%2024–2025
4LinkedIn · Jul 2026
39 yr1987
0none in 3 months · last posted May 2026

Load cell manufacturer

Manufacturing services
₹244.71 crFY 2024-25
+1%2024–2025
154LinkedIn · Jul 2026
34 yr1992
0none in 3 months

Skyway Steel Industries

Manufacturing services
₹240.15 crFY 2024-25
+2%2024–2025
—Not available
21 yr2005
0none in 3 months

Provider of industrial trading solutions and products

Manufacturing services
₹233.53 crFY 2024-25
+27%2024–2025
8LinkedIn · Jul 2026
21 yr2005
0none in 3 months

Manufacturer of power tools, sockets, socket sets, and wrenches

Manufacturing services
₹225.71 crFY 2023-24
-2%2023–2024
—Not available
37 yr1989
0none in 3 months

Manufacturer and exporter of grommet band / heddle belts

Manufacturing services
₹228.03 crFY 2024-25
+11%2024–2025
54LinkedIn · Jul 2026
30 yr1996
0none in 3 months

Manufacturer and exporter of agricultural machinery

Manufacturing services
₹223.97 crFY 2024-25
+10%2024–2025
2LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Manufacturer of aluminium profiles

Manufacturing services
₹222.12 crFY 2024-25
+3%2024–2025
20LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Manufacturer of highconveyor belts, offering solutions for material handling and conveying applications

Manufacturing services
₹217.93 crFY 2024-25
+352%2024–2025
18LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Manufacturer of high tensile precision fasteners

Manufacturing services
₹217.06 crFY 2024-25
+5%2024–2025
82LinkedIn · Jul 2026
28 yr1998
0none in 3 months

Manufacturer of steel, alloy steel, and stainless steel ingots, pipes, rings, castings, and components

Manufacturing services
₹202.06 crFY 2024-25
-7%2024–2025
4LinkedIn · Jul 2026
43 yr1983
0none in 3 months

Manufacturer of striking tools like hammers and hand tools, specializing in precision crafting

Manufacturing services
₹197.74 crFY 2024-25
+36%2024–2025
43+12% 12 mo to Aug 2024LinkedIn · Oct 2026
36 yr1990
0none in 3 months
50 of 126 companies shown here · the full list is on Radar
Fliar Radar

Explore all 126 manufacturing services companies in Punjab on Radar

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

Open manufacturing services in Punjab on Radar
  • 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.

  1. Mahawar Iron Stores

    Supplier of ferroalloys, cement, salt, metal scrap, and industrial chemicals

    Materials distributors
    See in list
  2. AK Ispat Roof Solutions

    Provider of roofing sheets, screw, coil, industrial ventilator & thermal insulator manufacturing services

    Manufacturing services
    Website
  3. NCG

    Manufacturer & exporter of steel, fencing products, windows & doors, and other building materials

    Building materials
    Website
  4. HANSCO Iron and Steels

    Manufacturer of steel castings

    Manufacturing services
    See in list
  5. Arisudana

    Supplier of polyester yarns

    Manufacturing services
    Website

Electronics manufacturing services

PCB, electronic assembly and electronic equipment manufacturers.

  1. Tissconn Technocrafts

    Manufacturer of PCBs and electronic assemblies

    Printed circuit boards
    Website
  2. LUDHIANA SPARE CENTRE

    Online retailer offering multi-category home appliances

    Manufacturing services
    Website
  3. jahaann

    Provider of cloud-based smart energy management solutions

    Facility management tech
    Website
  4. Z-Power

    Manufacturer of automotive, UPS & solar energy batteries

    Manufacturing services
    Website

Industrial machinery & equipment manufacturers

Makers of boilers, machines, tools and automation equipment.

  1. Bio-Age Equipments & Services

    Manufacturer of laboratory and industrial fermenters and water purification systems

    Traditional life sciences platforms & tools
    Website
  2. Green Energy Solutions

    Manufacturer of industrial machines including seed cleaners, packing machines, and conveyors

    Manufacturing services
    Website
  3. smt machines india

    SMT Machines India provides consulting, manufacturing, and supplying services for hot rolling mills.

    Manufacturing services
    Website
  4. raj cycles india

    Raj Cycles India is a manufacturer and exporter of cycle air pumps and spares.

    Manufacturing services
    Website
  5. ozi technology

    Ozi Technology provide a variety of product systems to meet a variety of needs, delivering useful and engaging experiences.

    Manufacturing services
    Website

Textile, polymer & packaging manufacturers

Yarn, fabric, plastics and packaging producers.

  1. Vardhman Polytex

    Manufacturer of cotton fabrics, textile yarn and garments

    Textile yarn
    See in list
  2. Weltec Moulds

    Manufacturer and exporter of plastic injection molds

    Polymers
    Website
  3. Packages

    Packages Group – Creating a Better Tomorrow!

    Manufacturing services
    Website

Energy, waste & facility technology manufacturers

Energy storage, energy management and waste handling companies.

  1. Mahawar Iron Stores

    Supplier of ferroalloys, cement, salt, metal scrap, and industrial chemicals

    Materials distributors
    See in list
  2. Z-Power

    Manufacturer of automotive, UPS & solar energy batteries

    Manufacturing services
    Website
  3. jahaann

    Provider of cloud-based smart energy management solutions

    Facility management tech
    Website

Listed manufacturing companies in Punjab

Publicly listed manufacturing companies in Punjab.

  1. Satia Industries

    Develops, manufactures and supplies electronic equipment for multiple industries

    Manufacturing services
    See in list
  2. Vardhman Polytex

    Manufacturer of cotton fabrics, textile yarn and garments

    Textile yarn
    See in list
  3. Samrat Forgings

    Samrat Forgings supplies automotive and non-automotive forged and machined products.

    Manufacturing services
    See in list
3 companies in Punjab

Manufacturing startups in Punjab

Newer manufacturing services companies in Punjab.

  1. Magkraftndt

    magnetic particle testing equipment manufacturers, MPI products

    Manufacturing services
    Website
  2. KULVA APPLICATION ENGINEERING

    Provider of engineering solutions

    Manufacturing services
    Website
  3. Avexa Tech

    Provider of custom automation solutions, control panels, PLC, and SCADA systems

    Manufacturing services
    Website
  4. Sonalika Agro Solutions

    Implement for Tractor | Sonalika Agro Industries Corporation | Agriculture Implements

    Manufacturing services
    Website
  5. Elmico Power Tools

    Manufacturer of a wide range of power tools, including woodworking routers, wood cutters, blower, drill machines, electric routers, and sprayer blowers

    Manufacturing services
    Website
8 companies in Punjab

Manufacturing companies hiring in Punjab

Manufacturing companies in Punjab with open roles.

  1. Sharu Steels

    Manufacturer and supplier of steel products

    Manufacturing services
    See in list
  2. KNL Driveline

    Provider of automotive component manufacturing company

    Manufacturing services
    See in list
  3. Varindera Tools

    Manufacturer of hand tools such as spanners, wrenches, pliers, cutters, hammers, and more

    Manufacturing services
    See in list
  4. ESGI Tools

    Tool manufacturing company specializing in precision gear cutting tools

    Manufacturing services
    See in list
  5. turbo group

    Turbo Group is a manufacturer of engineering components for an array of applications.

    Manufacturing services
    Website
5 companies in Punjab
The business behind the activity

Manufacturing services financials in Punjab

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.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
ARB ConveyorsARB CONVEYORS LIMITED+352%₹217.93 cr
MagkraftndtMAGKRAFT INTEGRATED PRIVATE LIMITED+166%₹14.18 cr
Varindera ToolsVARINDERA TOOLS PRIVATE LIMITED
ForgixFORGIX PRIVATE LIMITED₹34.82 cr
Proxima Steel ForgePROXIMA STEEL FORGE PRIVATE LIMITED+36%₹197.74 cr
Raghav MetalsRAGHAV METALS PRIVATE LIMITED+32%₹20.14 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Broadway OverseasBROADWAY OVERSEAS LIMITED38.9%₹276.93 cr
Vishal ToolsVISHAL TOOLS AND FORGINGS PVT LTD
Perfect BeltsPERFECT BELTS PRIVATE LIMITED13.1%₹228.03 cr
Cheema BoilersCHEEMA BOILERS LIMITED8.9%₹551.60 cr
Satia IndustriesSATIA INDUSTRIES LIMITED7.7%₹1,531.20 cr
ESGI ToolsESGI TOOLS PRIVATE LIMITED
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Manufacturing services55₹11,718.38 cr~₹152.8 cr98%4.6%
Leaders

Largest manufacturing services companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Satia IndustriesSATIA INDUSTRIES LIMITED₹1,531.20 cr₹118.62 cr7.7%-12%
Renny StripsRENNY STRIPS LIMITED₹860.88 cr₹19.46 cr2.3%-3%
Madhav StelcoMADHAV STELCO PRIVATE LIMITED₹705.50 cr₹30.32 cr4.3%+17%
Hansa MetallicsHANSA METALLICS LIMITED₹666.83 cr₹22.75 cr3.4%+16%
Cheema BoilersCHEEMA BOILERS LIMITED₹551.60 cr₹48.87 cr8.9%-15%
ArisudanaARISUDANA INDUSTRIES LIMITED₹528.21 cr₹23.98 cr4.5%+18%
Sharu IndustriesSHARU INDUSTRIES PRIVATE LIMITED₹416.95 cr₹2.22 cr0.5%-10%
Osho ToolsOSHO TOOLS PRIVATE LIMITED₹356.96 cr₹11.35 cr3.2%+5%
Jai Bhole Steel TubesJAI BHOLE STEEL TUBES PRIVATE LIMITED₹333.28 cr₹3.02 cr0.9%+16%
Vardhman PolytexVARDHMAN POLYTEX LTD₹311.07 cr₹14.92 cr4.8%-22%
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 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
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

83Acquisition
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 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.

Keep exploring manufacturing services in India and nearby markets.

Coming soon