Company lists
The Vadodara edition · 2026

Manufacturing servicescompanies in Vadodara

Contract manufacturing, engineering & IT, electrical & electronics, materials, startups and more: the companies building manufacturing services in Vadodara, Gujarat, with their founders, funding, team size and business models.

76 company profiles53 with reported revenue1 with recorded fundingOctober 2026 edition
Vadodara · 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 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 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 Vadodara, by revenue

Browse manufacturing services companies in Vadodara 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 53 manufacturing services companies in Vadodara, Gujarat 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

Provider of software & AI development, cloud, cyber security, and engineering consulting services

Manufacturing services
₹10,880.10 crFY 2024-25
+10%2024–2025
41,712-6% 12 mo to Nov 2023LinkedIn · Oct 2026
14 yr2012
0none in 3 months · last posted Jul 2026

Provider of toner resins and styrene metallic for the printing and packaging industries

Manufacturing services
₹1,465.71 crFY 2024-25
-44%2024–2025
77+6% 12 mo to Sep 2024LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Provider of electric steel for motor, transformer, pump and electrical appliance

Manufacturing services
₹1,116.52 crFY 2024-25
+5%2024–2025
164LinkedIn · Oct 2026
14 yr2012
0none in 3 months · last posted Jul 2026

Manufacturer of custom injection molded plastic products

Manufacturing services
₹789.12 crFY 2024-25
+21%2024–2025
581-7% 12 mo to Oct 2023LinkedIn · Oct 2026
39 yr1987
0none in 3 months

Manufacturer and exporter of food, textiles, agrochemicals, and auto parts

Manufacturing services
₹549.21 crFY 2024-25
Not reported
125LinkedIn · Oct 2026
23 yr2003
0none in 3 months

Manufacturer of casting and forging products for multiple industries

Manufacturing services
₹492.00 crFY 2024-25
+1%2024–2025
542LinkedIn · Oct 2026
20 yr2006
3postings · last posted Sep 2026

Manufacturer of cables and wires

Manufacturing services
₹439.78 crFY 2024-25
+15%2024–2025
—Not available
43 yr1983
0none in 3 months

Manufacturer of CRGO transformer lamination and cores for power and distribution transformers

Manufacturing services
₹233.03 crFY 2021-22
Not reported
313+2% 12 mo to Sep 2024recorded Sep 2024
30 yr1996
3postings · last posted Aug 2026

Company that offers a range of AC and three-phase motors, linear actuators, frequency inverters, fan drives, and pumps

Manufacturing services
₹208.74 crFY 2024-25
+4%2024–2025
124LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Provider of metal processing services

Manufacturing services
₹198.87 crFY 2024-25
+12%2024–2025
27LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Provider of industrial valves, controllers, and solutions for complex process industries

Manufacturing services
₹179.41 crFY 2024-25
+15%2024–2025
232LinkedIn · Jul 2026
23 yr2003
0none in 3 months · last posted Jul 2026

Provider of pre-engineered building structures and related metal products

Manufacturing services
₹150.64 crFY 2024-25
-11%2024–2025
—Not available
15 yr2011
0none in 3 months

Manufacturer of pipe fittings and piping spools, catering to key infrastructural sectors

Manufacturing services
₹145.59 crFY 2024-25
-22%2024–2025
216LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Manufacturer of submersible motor pumpsets

Manufacturing services
₹135.00 crFY 2024-25
+36%2024–2025
117LinkedIn · Jul 2026
39 yr1987
0none in 3 months · last posted Jun 2026

Provider of machinery, inspection equipment, and other manufacturing services

Manufacturing services
₹129.47 crFY 2024-25
+15%2024–2025
102LinkedIn · Jul 2026
43 yr1983
0none in 3 months

Provider of steel castings, industrial alloys, and crusher bowl liners manufacturing services

Manufacturing services
₹124.75 crFY 2024-25
-6%2024–2025
38LinkedIn · Jul 2026
27 yr1999
0none in 3 months

Provider of manufacturing solutions for aluminum dies and extrusion profiles

Manufacturing services
₹115.18 crFY 2022-23
+14%2022–2023
—Not available
33 yr1993
0none in 3 months

Provider of FRP/GRP cable tray systems and solutions

Manufacturing services
₹100.62 crFY 2024-25
+41%2024–2025
39LinkedIn · Jul 2026
39 yr1987
0none in 3 months

Provider of customized laboratory spaces and MEP solutions for optimizing operational efficiency and profitability

Manufacturing services
₹91.12 crFY 2022-23
Not reported
146+4% 12 mo to Nov 2023LinkedIn · Jul 2026
118 yr1908
0none in 3 months

Best Wire Mesh Manufacturers | #1 SS Wire Mesh Supplier

Manufacturing services
₹91.90 crFY 2024-25
+3%2024–2025
31LinkedIn · Jul 2026
23 yr2003
0none in 3 months · last posted Jun 2026

Manufacturer of PE films for various applications

Manufacturing services
₹69.77 crFY 2024-25
+30%2024–2025
—Not available
14 yr2012
0none in 3 months

Provider of industrial equipments manufacturing services

Manufacturing services
₹65.68 crFY 2024-25
+78%2024–2025
34LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Manufacturer of fibres

Manufacturing services
₹55.50 crFY 2024-25
+49%2024–2025
24LinkedIn · Oct 2026
37 yr1989
0none in 3 months

Engineering services company that provides design, engineering, and automation solutions to the oil and gas

Manufacturing services
₹51.30 crFY 2024-25
+85%2024–2025
—Not available
21 yr2005
0none in 3 months

Provider of automation solutions for industrial, automobile, and manufacturing sectors

It services
₹48.79 crFY 2024-25
-6%2024–2025
158+0% 12 mo to Sep 2024LinkedIn · Jul 2026
31 yr1995
0none in 3 months · last posted Jul 2026
50 of 76 companies shown here · the full list is on Radar
Fliar Radar

Explore all 76 manufacturing services companies in Vadodara on Radar

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

Open manufacturing services in Vadodara on Radar
  • Every company, not just 50All 76 manufacturing services companies in Vadodara, 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 Vadodara by what you are looking for

Browse the top manufacturing companies in Vadodara, from contract manufacturing services to engineering and electrical equipment makers. Use the lists below to find manufacturing services companies in Vadodara by the type of work they do.

7 ways to explore manufacturing services in Vadodara

Contract manufacturing & custom product makersEngineering consulting & IT services companiesElectrical equipment & electronics manufacturersPlastics, metals & building materials suppliersManufacturing services startups in VadodaraListed manufacturing services companies in Vadodara

Contract manufacturing & custom product makers

Factories that make plastic, cast, forged and other products to order for other businesses.

  1. Shiva Performance Materials

    Provider of toner resins and styrene metallic for the printing and packaging industries

    Manufacturing services
    See in list
  2. CSCI

    Provider of electric steel for motor, transformer, pump and electrical appliance

    Manufacturing services
    See in list
  3. Shaily Engineering Plastics

    Manufacturer of custom injection molded plastic products

    Manufacturing services
    See in list
  4. Koshambh

    Manufacturer and exporter of food, textiles, agrochemicals, and auto parts

    Manufacturing services
    See in list
  5. SEForge

    Manufacturer of casting and forging products for multiple industries

    Manufacturing services
    See in list

Engineering consulting & IT services companies

Providers of engineering design, technology and software services to industrial firms.

  1. L&T Technology Services

    Provider of software & AI development, cloud, cyber security, and engineering consulting services

    Manufacturing services
    See in list
  2. Servilink Systems

    Provider of automation solutions for industrial, automobile, and manufacturing sectors

    It services
    See in list
  3. Stellonyx Technology Services

    Provider of engineering and technology solutions including CAD and MOC

    Engineering consulting
    Website
  4. Thaker Engineering

    Manufacturer of aluminum die casting components

    Manufacturing services
    See in list
  5. Camburg Engineering

    Company provides project management services for healthcare providers

    Manufacturing services
    Website

Electrical equipment & electronics manufacturers

Makers of control panels, testing equipment, transformers and electronic components.

  1. Trafosys

    Provider of cloud-based transformer design optimization software

    Smart grid
    See in list
  2. Anrgi Tech

    Manufacturer of control panel products

    Manufacturing services
    Website
  3. Akil Electronics Systems

    Manufacturer of high voltage testing equipments

    Manufacturing services
    Website
  4. GD Waldner

    Provider of customized laboratory spaces and MEP solutions for optimizing operational efficiency and profitability

    Manufacturing services
    See in list

Plastics, metals & building materials suppliers

Suppliers of polymers, films, alloys, composites and construction materials.

  1. Safeco Hygiene Films

    Manufacturer of PE films for various applications

    Manufacturing services
    See in list
  2. SBIPL

    Provider of thermal insulation, maintenance, scaffolding, and other services

    Manufacturing services
    See in list
  3. Tanya Galvanizers

    Provider of hot-dip galvanizing, metal coatings, and coil coating solutions for critical infrastructure protection

    Manufacturing services
    Website
  4. Compositestomorrow

    Manufacturer of customized composite products for diverse industries using varied processes

    Manufacturing services
    Website

Manufacturing services startups in Vadodara

Newer manufacturing services companies founded in the last few years.

  1. Quality RO Industries

    Manufacturer & supplier of polypropylene raw materials

    Manufacturing services
    See in list
  2. Krishna

    Manufacturer and supplier of pipes, fittings, flanges, and welding fittings for various industries

    Manufacturing services
    See in list
  3. MOR Gaskets and Seals

    Company that specializes in manufacturing gaskets and sealing solutions

    Manufacturing services
    See in list
  4. Camburg Engineering

    Company provides project management services for healthcare providers

    Manufacturing services
    Website
  5. Hi-Tech

    Manufacturer of fiber-based products, including pultrusion dies, fiberglass insulation materials, and fiber optic cables

    Manufacturing services
    Website
7 companies in Vadodara

Listed manufacturing services companies in Vadodara

Publicly listed manufacturing services companies based in Vadodara.

  1. L&T Technology Services

    Provider of software & AI development, cloud, cyber security, and engineering consulting services

    Manufacturing services
    See in list
  2. Shaily Engineering Plastics

    Manufacturer of custom injection molded plastic products

    Manufacturing services
    See in list
  3. Vilas Transcore Ltd

    Manufacturer of CRGO transformer lamination and cores for power and distribution transformers

    Manufacturing services
    See in list
  4. Zenith Fibres

    Manufacturer of fibres

    Manufacturing services
    See in list
  5. Quality RO Industries

    Manufacturer & supplier of polypropylene raw materials

    Manufacturing services
    See in list
6 companies in Vadodara

Manufacturing services companies hiring in Vadodara

Manufacturing services companies in Vadodara with open roles.

  1. L&T Technology Services

    Provider of software & AI development, cloud, cyber security, and engineering consulting services

    Manufacturing services
    See in list
  2. CSCI

    Provider of electric steel for motor, transformer, pump and electrical appliance

    Manufacturing services
    See in list
  3. SEForge

    Manufacturer of casting and forging products for multiple industries

    Manufacturing services
    See in list
  4. Vilas Transcore Ltd

    Manufacturer of CRGO transformer lamination and cores for power and distribution transformers

    Manufacturing services
    See in list
  5. Artee Flow Controls

    Provider of industrial valves, controllers, and solutions for complex process industries

    Manufacturing services
    See in list
10 companies in Vadodara
The business behind the activity

Manufacturing services financials in Vadodara

Revenue, profit and growth from the filed annual accounts of 50 manufacturing services companies in Vadodara, Gujarat for FY24-25 — 54 of the 76 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 81% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹16,034.43 cr

50 companies filing accounts

combined net profit₹1,659.27 cr

10.3% aggregate margin

are profitable88%

44 of 50 companies

median revenue~₹28.1 cr

the typical company

median revenue growth+13%

into FY24-25

earned by the top five81%

revenue concentration

Six-year view

Combined revenue of filing companies

₹8,629.09 crFY19-2043 filers
₹8,754.81 crFY20-2145 filers
₹11,400.32 crFY21-2247 filers
₹13,590.91 crFY22-2348 filers
₹14,461.50 crFY23-2450 filers
₹16,034.43 crFY24-2550 filers

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

Like-for-like

The same 47 companies over three years

+19%
FY22-23₹13,475.74 cr₹1,190.19 cr net
FY23-24₹14,449.17 cr₹1,578.01 cr net
FY24-25₹15,994.04 cr₹1,655.07 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 cr633% profitable
₹1–10 cr10100% profitable
₹10–100 cr18100% profitable
₹100–1,000 cr1493% profitable
Over ₹1,000 cr250% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking11
0–20%23
20–50%8
50–100%5
Doubled+3

50 companies with accounts for both years; median growth +13%.

Profitability

Profit is concentrated at the top

44profitable
6loss-making
10.3%aggregate margin
3.5%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
Ashvath Rubber TechASHVATH RUBBER TECH PRIVATE LIMITED
Ultimo EngineersULTIMO CHEMTECH ENGINEERS PRIVATE LIMITED
VCare GlobalVCARE ENGINEERING PRIVATE LIMITED+85%₹51.30 cr
New FieldNEW FIELD INDUSTRIAL EQUIPMENT PRIVATE LIMITED+78%₹65.68 cr
Zenith FibresZENITH FIBRES LIMITED+49%₹55.50 cr
Satyam CompositesSATYAM COMPOSITES PRIVATE LIMITED+41%₹100.62 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Shiva Performance MaterialsSHIVA PERFORMANCE MATERIALS PRIVATE LIMITED43.4%₹807.69 cr
New FieldNEW FIELD INDUSTRIAL EQUIPMENT PRIVATE LIMITED36.9%₹65.68 cr
Tcr AdvancedTCR ADVANCED ENGINEERING PRIVATE LIMITED
Ultimo EngineersULTIMO CHEMTECH ENGINEERS PRIVATE LIMITED
Cerec MetalformCEREC METALFORM PRIVATE LIMITED
L&T Technology ServicesL&T TECHNOLOGY SERVICES LIMITED12.5%₹9,744.30 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Manufacturing services48₹15,977.33 cr~₹28.1 cr88%10.4%
Leaders

Largest manufacturing services companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
L&T Technology ServicesL&T TECHNOLOGY SERVICES LIMITED₹9,744.30 cr₹1,220.90 cr12.5%+10%
CSCICSCI STEEL CORPORATION INDIA PRIVATE LIMITED₹1,116.52 cr−₹124.44 cr-11.1%+5%
Shiva Performance MaterialsSHIVA PERFORMANCE MATERIALS PRIVATE LIMITED₹807.69 cr₹350.64 cr43.4%+36%
Shaily Engineering PlasticsSHAILY ENGINEERING PLASTICS LIMITED₹745.55 cr₹70.91 cr9.5%+20%
KoshambhKOSHAMBH MULTITRED PVT LTD₹549.21 cr₹18.88 cr3.4%+11%
SEForgeSE FORGE LIMITED₹492.00 cr₹9.87 cr2.0%+1%
SEPL CablesSUYOG ELECTRICALS LIMITED₹439.78 cr₹26.92 cr6.1%+15%
HANNING MOTORS INDIAHANNING MOTORS INDIA PRIVATE LIMITED₹208.74 cr−₹35.39 lakh-0.2%+4%
Isko StripISKO STRIP PRIVATE LIMITED₹198.87 cr₹41.96 lakh0.2%+12%
Artee Flow ControlsARTEE FLOW CONTROLS PRIVATE LIMITED₹174.48 cr₹6.80 cr3.9%+13%
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 Vadodara 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 Vadodara

Meet the people behind manufacturing services companies in Vadodara. 28 of 76 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