Components, chip design & manufacturing, sensors, EMS & PCB, displays and more: the companies building semiconductors in Mumbai, Maharashtra, with their founders, funding, team size and business models.
Funding, M&A, contract wins and launches involving 2,514 semiconductors companies in India, last 24 months: 53 Contracts · 47 M&A deals · 39 funding rounds · 8 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.
ContractSupply
Alfa transformers · client: TP Southern Odisha Distribution (TPSODL)
Alfa Transformers has secured contract worth around Rs 3.00 crore from TP Southern Odisha Distribution (TPSODL) on May 20, 2026. The contract involves supply of various capacity of…
Morphing Machines has secured approximately ₹420 million in fresh funding as part of its ongoing Series A round, taking the total raise to ₹800 million.
Semiconductor startup Morphing Machines has raised about ₹42 Cr (about $4.4 Mn) as part of its Series A funding round to close the fundraise at ₹80 Cr.
Polymatech Electronics Limited (“Polymatech”) today announced the execution of a 99-year lease deed for additional land in the SIPCOT Medical Devices Park...
MosChip Technologies Limited has approved the acquisition of a 73% stake in Vayavya Labs Private Limited (VLPL) for a total consideration of ₹245.49 crore, the company said in an…
Quest Global, the world’s largest independent pure-play engineering services company, announced the acquisition of BITSILICA, an India-based semiconductor design services company.
Semiconductor Design Services
M&AMerger · Completed
Larsen & Toubro Semiconductor Technologies Limited (LTSCT) acquires Siliconch systems
Larsen & Toubro (L&T) has announced the successful completion of the merger of its step-down subsidiary, SiliConch Systems Private Limited (SSPL), into L&T Semiconductor Technologies…
Polymatech Electronics Limited, India’s leading semiconductor manufacturer on Monday announced the execution of a 99-year lease deed for additional land in the SIPCOT Medical Devices Park
Tamil Nadu Infrastructure Fund Management Corporation (TNIFMC), an investment management firm backed by the government of Tamil Nadu, has invested Rs 200 million in Chennai based fabless…
InvestorsTamil Nadu Infrastructure Fund Management Corporation
Kochi-headquartered electronics manufacturing services company SFO Technologies has raised approximately $82 million in a funding round led by growth-stage private equity fund Trident…
Bharat Forge and VVDN Technologies have signed an memorandum of understanding (MoU) to explore collaboration across automotive, defence, and data centre sectors.
Fabless Semiconductor startup Vervesemi has raised $10 million in a series A round led by ace market investor Ashish Kacholia and Unicorn India Ventures. The round also saw participation…
Ahmedabad-headquartered Mefron Technologies, an electronics design and manufacturing services (EMS) company, has raised its maiden private equity round for an undisclosed amount from…
Bcc fuba india acquires Iogems Technologies Private Limited
BCC Fuba India Limited has successfully completed the acquisition of a majority stake in Iogems Technologies Private Limited, marking a strategic expansion into the Electronic…
The Group’s digital arm, Digicomm Marketing Services LLP (DigiComm), has bagged the digital marketing mandate for Felix Plaza, ensuring integrated outreach across PR & communication and…
Milexia has entered into a definitive agreement to acquire Syratron Technologies Private Ltd, an Indian distributor of electronic solutions, marking the company’s expansion beyond Europe…
Sensesemi Technologies Private Limited, a DLI-approved fabless semiconductor startup, has raised INR 25 crore (approximately USD 2.75 million) in a seed funding round led by Piper Serica.
InvestorsPiper Serica, LetsVenture Angel Fund, Sun Icon Ventures, MyAsiaVC
Entuple Technologies ’s $1.44 million raise from Varanium Capital Advisors Private Limited and Blue Ashva Capital may be modest in size, but it carries strategic significance.
Across the border in India, Bengaluru-based defence electronics firm CoreEL Technologies secured $30 million in a Series B round. Led by ValueQuest Scale Fund with participation from 360…
Defence electronics firm CoreEL Technologies has raised $30 million to strengthen its R&D capabilities, develop next-generation defence products, and expand its market presence.
InvestorsNa
Defence electronics / Technology
Semiconductors companies in Mumbai, by revenue
Browse semiconductors 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 52 semiconductors 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
Company & businessRevenueRevenue growthHeadcount & growthAgeJobs · last 3 months
Provider of electronics manufacturing and fabrication, offering precision electronic components to various industries
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Wholesaler and distributor of electronic components and semiconductors. This entity supplies a wide variety of products including integrated circuits, MOSFET transistors, voltage regulators, diodes, and LEDs. The business model focuses on sourcing these components from reliable vendors and offering them to clients at competitive prices. Their product portfolio caters to diverse applications within the electronics industry.
Every company, not just 50All 149 semiconductors 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.
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 semiconductors companies in Mumbai by what you are looking for
Browse semiconductors companies in Mumbai, from electronic component makers and sensor manufacturers to PCB and chip design firms. Find semiconductor companies in India's Mumbai region by what they make or the services they offer.
Photoquip India Ltd is engaged in the business of manufacturing Digital Studio Flash Lights and Photographic Accessories. The Company sells its products in the domestic as well as export markets. Company has one operating segment i.e. Digital Studio Flash-Lights and Photographic Accessories.
The most-installed Android apps published by semiconductors companies headquartered in Mumbai — 6K installs between them. 4 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.
Revenue, profit and growth from the filed annual accounts of 48 semiconductors companies in Mumbai, Maharashtra for FY24-25 — 55 of the 149 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 83% of the revenue, so medians describe the typical company better than totals.
combined revenue, FY24-25₹4,863.81 cr
48 companies filing accounts
combined net profit−₹1,065.38 cr
-21.9% aggregate margin
are profitable75%
36 of 48 companies
median revenue~₹6.2 cr
the typical company
median revenue growth+8%
into FY24-25
earned by the top five83%
revenue concentration
Six-year view
Combined revenue of filing companies
₹701.55 crFY19-2041 filers
₹682.36 crFY20-2141 filers
₹1,319.92 crFY21-2243 filers
₹1,890.38 crFY22-2345 filers
₹3,163.99 crFY23-2447 filers
₹4,863.81 crFY24-2548 filers
The number of companies filing changes each year; the three-year cohort below compares like with like.
Like-for-like
The same 42 companies over three years
+172%
FY22-23₹1,786.94 cr−₹492.41 cr net
FY23-24₹3,073.78 cr−₹943.56 cr net
FY24-25₹4,855.73 cr−₹903.89 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 cr1450% profitable
₹1–10 cr1486% profitable
₹10–100 cr1486% profitable
₹100–1,000 cr5100% profitable
Over ₹1,000 cr10% profitable
Companies by FY24-25 revenue. Bars show how many companies sit in each band.
Momentum
How fast revenue moved into FY24-25
Shrinking17
0–20%12
20–50%9
50–100%3
Doubled+3
44 companies with accounts for both years; median growth +8%.
Profitability
Profit is concentrated at the top
36profitable
12loss-making
-21.9%aggregate margin
1.2%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.
Industry landscape report
Semiconductors Industry Landscape of India
The financials above are one chapter. The full semiconductors landscape of Mumbai maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.
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
Semiconductors funding and M&A across India
279 recorded equity rounds have gone to 2,514 semiconductors 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 months20
US$177.23m
equity rounds, last 24 months53
US$569.44m
raised over five yearsUS$848.77m
140 rounds in India
M&A deals, India47
last 24 months
Capital by year
Equity funding into semiconductors in India
amount rounds
$6.7m201813
$44m201914
$18m202017
$45m202115
$8.5m202216
$144m202325
$92m202435
$413m202531
$147m202618
Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2025, with US$412.90m across 31 rounds.
The funding ladder · five years
Rounds and typical cheque by stage
AngelUS$7.88m21 rounds · median US$107k
SeedUS$97.87m83 rounds · median US$646k
Series AUS$119.04m18 rounds · median US$6.16m
Series BUS$47.72m4 rounds · median US$7.41m
Series CUS$69.93m5 rounds · median US$15.43m
Series D+US$274.33m7 rounds · median US$30.12m
Private equityUS$232.00m2 rounds · median US$116.00m
Where the money went · five years
Most-funded sub-sectors
Semiconductor design and manufacturing servicesUS$292.59m15 rounds · 8 companies
6 semiconductors companies in Mumbai have recorded equity funding, US$12.77m in total. Totals and round dates describe the historical record; they are not current valuations.
Most funded
Largest recorded equity totals, with the latest recorded round.
Electronic manufacturing services
Provider of turnkey electronics and custom parts contract manufacturing services
Recorded equity fundingUS$10.09mSeries A · Aug 2024
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Founders and momentum in Mumbai
Meet the people behind semiconductors companies in Mumbai. 48 of 149 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
Semiconductors companies in Mumbai 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.
Semiconductor design and manufacturing services
Provider of electronics manufacturing and fabrication, offering precision electronic components to various industries
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Explore Mumbai semiconductors companies by sub-sector
The most common specialisations among semiconductors companies in Mumbai. Open a company to see what it sells, who runs it and how far it has come.
Electronic components · 39
39 semiconductors companies in Mumbai work in electronic components. Shown: the best-documented.
Electronic components
Power Semi-Conductors and power electronic equipment
Revenue₹518.16 crFY 2023-24
Leadership · 1
SN
Suramya NevatiaCEO
Electronic components
Manufacturer of specialty cables, including instrumentation, signal, data transmission, and fire survival cables
Revenue₹23.36 crFY 2022-23
Founders
Details not available
Electronic components
Manufactures and supplies computer hardware and other electronic products
RevenueFY 2024-25
Leadership · 1
MK
Mohit KhadariaManaging Director
Electronic components
Supplier of electronic components
RevenueFY 2022-23
Founders
Details not available
Electronic components
Wholesaler and distributor of electronic components and semiconductors. This entity supplies a wide variety of products including integrated circuits, MOSFET transistors, voltage regulators, diodes, and LEDs. The business model focuses on sourcing these components from reliable vendors and offering them to clients at competitive prices. Their product portfolio caters to diverse applications within the electronics industry.
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