Steel & metal, industrial equipment, chemicals & pharma, startups, listed and more: the companies building manufacturing services in Thane, Maharashtra, with their founders, funding, team size and business models.
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 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…
Cyient is set to acquire US-based TAO Digital Solutions Inc., an artificial intelligence (AI)-native data and product engineering company, in a transaction that implies an enterprise…
Artificial intelligence (AI)-native data and product engineering
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), promoted by the AM Group and ParadigmIT Services Technology Private Limited, on Thursday announced the signing of a binding agreement 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 Thane, by revenue
Browse manufacturing services companies in Thane by reported revenue, one-year revenue growth, revenue model, age and stage. The 42 companies below are the largest by their most recent reported revenue among 42 manufacturing services companies in Thane, 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 42
Company & businessRevenueRevenue growthHeadcount & growthAgeJobs · last 3 months
Designs, manufactures, and supplies steel products
Every company, not just 50All 56 manufacturing services companies in Thane, 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.
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Explore manufacturing services companies in Thane by what you are looking for
Browse the top manufacturing companies in Thane, from steel and engineering makers to electronic manufacturing services companies. Use the list of manufacturing companies below to find manufacturing services startups in Thane and firms that are hiring.
6 ways to explore manufacturing services in Thane
Steel, metal & building materials manufacturersIndustrial machinery & equipment makersChemical, pharma & testing services companiesManufacturing services startups in ThaneListed manufacturing services companies in ThaneManufacturing services companies hiring in Thane
Steel, metal & building materials manufacturers
Manufacturers of steel, aluminium, refractories and construction materials.
Revenue, profit and growth from the filed annual accounts of 35 manufacturing services companies in Thane, Maharashtra for FY24-25 — 40 of the 56 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 57% of the revenue, so medians describe the typical company better than totals.
combined revenue, FY24-25₹3,768.37 cr
35 companies filing accounts
combined net profit₹296.36 cr
7.9% aggregate margin
are profitable94%
33 of 35 companies
median revenue~₹60.1 cr
the typical company
median revenue growth+15%
into FY24-25
earned by the top five57%
revenue concentration
Six-year view
Combined revenue of filing companies
₹1,367.19 crFY19-2032 filers
₹1,177.17 crFY20-2133 filers
₹1,754.36 crFY21-2235 filers
₹2,421.12 crFY22-2334 filers
₹3,239.94 crFY23-2439 filers
₹3,768.37 crFY24-2535 filers
The number of companies filing changes each year; the three-year cohort below compares like with like.
Like-for-like
The same 31 companies over three years
+47%
FY22-23₹2,362.03 cr₹138.95 cr net
FY23-24₹2,907.40 cr₹212.94 cr net
FY24-25₹3,463.90 cr₹292.21 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 cr250% profitable
₹1–10 cr786% profitable
₹10–100 cr15100% profitable
₹100–1,000 cr11100% 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%10
20–50%9
50–100%5
Doubled+1
34 companies with accounts for both years; median growth +15%.
Profitability
Profit is concentrated at the top
33profitable
2loss-making
7.9%aggregate margin
3.0%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
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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 Thane 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
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
Thane in context
Thane’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, 59 manufacturing services companies in Thane among 4,434 in India.
Corporate activity · last 24 months
M&A in India
82Acquisition
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 Thane
Meet the people behind manufacturing services companies in Thane. 29 of 56 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 Thane 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 continuous casting machines and tilting furnaces for metalworking
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