Company lists
The Maharashtra edition · 2026

Sustainability techcompanies in Maharashtra

Energy efficiency, water, renewable energy, waste & recycling, air & carbon and more: the companies building sustainability tech in Maharashtra, with their founders, funding, team size and business models.

539 company profiles245 with reported revenue78 with recorded fundingSeptember 2026 edition
Maharashtra · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent sustainability tech business events in Maharashtra

Funding, M&A, contract wins and launches involving 654 sustainability tech companies in Maharashtra, last 24 months: 25 Contracts · 22 M&A deals · 16 funding rounds · 3 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

LaunchReverse Mentoring

K raheja corp

K Raheja Corp, one of India's leading real estate conglomerates, has launched 'Reverse Mentoring', a people-focused learning initiative designed to encourage meaningful dialogue between…

Learning and Development
ContractService

Sterling and wilson renewable energy · client: Coal india

The company said it has been declared the L1 bidder for a turnkey EPC package from Coal India for the development of an 875 MW (AC) grid-connected solar PV project in Bikaner, Rajasthan.…

Renewable Energy
FundingParent company guarantee

Sterling and wilson renewable energy

Sterling and Wilson Renewable Energy Limited has issued a USD 34 million parent company guarantee in favour of Nedbank Limited to secure an additional working capital facility for…

Investors Nedbank
Solar power
M&AAcquisition · Completed

Premier energies acquires Transcon

Premier Energies Limited has completed its acquisition of Transcon Ind Limited.

M&AMerger · Completed

Svatantra Microfin acquires Svatantra

Svatantra Microfin Pvt Ltd announced on Monday the successful completion of its merger with Chaitanya India Fin Credit Pvt Ltd (CIFCPL) and Svatantra Holding Pvt Ltd.

Microfinance
M&AMerger · Completed

Svatantra Microfin acquires Chaitanya india fin credit

Svatantra Microfin has completed the amalgamation of Chaitanya India Fin Credit and Svatantra Holding, following approvals from the National Company Law Tribunal (NCLT) and other…

Microfinance
Funding

Ecofy

Ecofy, an NBFC focused on financing climate change solutions, raised Rs 380.5 crore ($41 million approx,) from BII and DAIF.

Investors Bii, DAIF
FinTech
Funding

Living things

Spadel has invested in UK beverage company Living Things through its venture capital arm, The Source Ventures, as part of a new funding round aimed at accelerating growth.

Investors Spadel
ContractInfrastructure

Organic recycling systems · client: Shreyam Manek Agro Products Pvt. Ltd

The Bioenergy Project Development and EPC vertical of Organic Recycling Systems (ORSL) has secured a large scale order from Shreyam Manek Agro Products Pvt. Ltd for the construction of a…

Bioenergy
FundingPre‑Series A

Padcare labs

Padcare Labs, a health tech company, raised $3 million in a Pre‑Series A round led by Rainmatter, with participation from 3one4 Capital and Brigade Reap.

Medical/HealthTech
FundingAcquisition

Serum institute of india

Serum Institute of India picked up a 50% stake in specialty glass company Schott AG’s Indian joint venture, Schott Kaisha, from the former co-owners Kairus Dadachanji and Shapoor Mistry…

Specialty Glass
ContractInfrastructure

Mindspace Business Parks REIT · client: K raheja corp

Mindspace Business Parks REIT in November 2025 announced that it had acquired three commercial assets in Mumbai and Pune for ₹2,916 crore from K Raheja Corp to expand its REIT portfolio.

M&AAcquisition · Rumored

Serum institute of india acquires Royal Challengers Bengaluru

"Over the next few months, will be putting in a strong and competitive bid for RCB, one of the best teams in the IPL," Poonawalla, Chief Executive Officer of Pune-based vaccine-maker…

Sports
M&AAcquisition · Announced

Organic recycling systems acquires Industrial Associates Partnership Firm

Organic Recycling Systems Limited announced the acquisition of Industrial Associates Partnership Firm for ₹14.83 crores, as disclosed under Regulation 30 of SEBI (LODR) Regulations, 2015.

Chemical trading and distribution
M&AAcquisition · Completed

Premier energies acquires Transcon

Premier Energies Ltd has completed the first tranche of its proposed acquisition of Transcon Ind Ltd, acquiring a 34.21% equity stake for a consideration of ₹250 crore.

Contract

Dow Packaging and Specialty Plastics · client: Lucro plastecycle

Dow Packaging and Specialty Plastics and Mumbai-based recycling company Lucro Plastecycle have signed a memorandum of understanding (MoU) to develop and launch polyethylene films using…

Packaging
M&AAcquisition · Announced

BCP Asia II Holdco VII Pte Ltd acquires Aadhar housing finance

The Competition Commission of India (CCI) approved investment firm Blackstone's arm's proposal to acquire up to 80.15 per cent stake in Aadhar Housing Finance Ltd.

Housing Finance
ContractService

Innovators Facade Systems · client: K raheja corp

Whereas, the order from K Raheja Corp is valued at Rs 77.60 crore with a 24-month completion period, and includes the design, supply, installation, testing, and commissioning of façade…

Construction
M&AAcquisition · Announced

Pel acquires Transcon

It is also investing in acquiring a 51% stake in Transcon Ind Limited to diversify into power transformer manufacturing.

Power Transformer Manufacturing
FundingStrategic investment

Promethean energy

Mondelez India has announced a strategic investment in Promethean Energy, an Indian company developing technology to reduce carbon emissions from industrial heat processes.

Investors Sustainable futures
Clean Energy
FundingPre-Series A

Exposome

Exposome, a Mumbai-based clean-tech startup pioneering the development and deployment of regenerative filtration technologies for industrial and municipal air and water treatment, has…

Investors Colossa Womenfirst Fund, Thermax, 3i partners, Infinyte Club Angel Fund
Clean-tech
M&AAcquisition · Completed

Piramal finance acquires Dewan housing finance

and spearheaded its ₹34,250 crore ($4.1 billion) acquisition of Dewan Housing Finance Corp, the largest financial services resolution under India’s bankruptcy code.

Finance
M&AAcquisition · Announced

Waaree energies acquires Racemosa Energy (India) Private Limited

The acquisition, valued at approximately ₹53 crore through cash consideration, will make Racemosa Energy a step-down subsidiary of Waaree Energies once closing conditions are fulfilled.

Smart meter manufacturing
M&AAcquisition · Announced

Skybridge acquires India home loan ltd

Investment firm Skybridge Ventures LLP on Saturday said it has acquired a 24.5 per cent stake in India Home Loan Ltd through an off-market transaction.

Home Loan
FundingPre-Series A

Promethean energy

With the help of Transition VC, Sangam Venture, Sagana Capital, and Fondation Botnar, Promethean Energy, a cleantech startup that aims to decarbonize industrial heating, has raised $2…

Investors Transition Vc, Sangam Venture, Sagana Capital, Fondation botnar
Cleantech
FundingLong-term loan

Ecofy

Ecofy Finance, a non-banking financial company (NBFC) focused on supporting India’s green transition, has raised INR 104 Crore ( around $12.5 million) long-term loan facility from the…

Investors Investment Fund for Developing Countries (IFU)

Sustainability tech companies in Maharashtra, by revenue

Browse sustainability tech companies in Maharashtra 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 245 sustainability tech companies in 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

Manufacturer of vaccines and immuno-biological drugs for infectious diseases

Infectious diseases
₹10,733.00 crFY 2022-23
Not reported
5,902+13% 12 mo to Sep 2024LinkedIn · Jul 2026
60 yr1966
0none in 3 months

Provider of microcredit services

Microfinance
₹3,206.75 crFY 2024-25
+44%2024–2025
3,172+35% 12 mo to Aug 2024LinkedIn · Jul 2026
14 yr2012
0none in 3 months · last posted Apr 2026

Loans for affordable housing in tier 2,3 and 4 cities

Consumer and sme loans
₹2,586.98 crFY 2023-24
+27%2023–2024
5,796+12% 12 mo to Jul 2024LinkedIn · Jul 2026
16 yr2010
8postings · last posted Sep 2026

Developer of energy storage systems

Solar energy
₹2,125.87 crFY 2022-23
Not reported
1,817-11% 12 mo to Apr 2024LinkedIn · Jul 2026
99 yr1927
0none in 3 months

Provider of affordable housing loans

Consumer and sme loans
₹1,196.70 crFY 2024-25
-8%2024–2025
3,957-35% 12 mo to Sep 2024LinkedIn · Jul 2026
19 yr2007
2postings · last posted Jul 2026

Developer of automated irrigation systems leveraging AI and IoT

Crop tech
₹1,159.53 crFY 2024-25
+150%2024–2025
558+44% 12 mo to Jun 2024LinkedIn · Jul 2026
16 yr2010
3postings · last posted Sep 2026

Provider of affordable financial services

Consumer and sme loans
₹1,069.68 crFY 2023-24
-5%2023–2024
559+3% 12 mo to Aug 2024LinkedIn · Jul 2026
37 yr1989
2postings · last posted Jul 2026

Manufacturer of high-efficiency solar cells and modules for utility, commercial, and residential applications

Smart grid
₹933.09 crFY 2024-25
+2986%2024–2025
981LinkedIn · Jul 2026
15 yr2011
1postings · last posted Jul 2026

Provider of wastewater and solid waste treatment solutions

Solid waste management tech
₹726.96 crFY 2024-25
+7%2024–2025
178+12% 12 mo to Sep 2024recorded Sep 2024
22 yr2004
0none in 3 months

Provider of industrial wastewater treatment services

Water and wastewater management tech
₹599.16 crFY 2024-25
+17%2024–2025
56+11% 12 mo to Jun 2023LinkedIn · Jul 2026
34 yr1992
0none in 3 months

Provider of drinking water station network for consumers

Water and wastewater management tech
₹511.96 crFY 2024-25
+147%2024–2025
197+9% 12 mo to Jul 2024recorded Jul 2024
20 yr2006
0none in 3 months

Developer of residential and commercial real estate properties

Real estate & infrastructure developers
₹503.61 crFY 2024-25
-2%2024–2025
79-50% 12 mo to Feb 2024LinkedIn · Jul 2026
27 yr1999
0none in 3 months · last posted May 2026

Developer of residential and commercial properties with a focus on conscious luxury

Real estate & infrastructure developers
₹431.37 crFY 2024-25
-45%2024–2025
154+0% 12 mo to Sep 2024LinkedIn · Jul 2026
41 yr1985
0none in 3 months · last posted Nov 2025

Provider of sustainable transportation solutions using lng powered trucks and natural gas pipelines

Air pollution management tech
₹326.22 crFY 2024-25
+75%2024–2025
371LinkedIn · Jul 2026
5 yr2021
1postings · last posted Jul 2026

Solar financing, equipment procurement, and performance monitoring solutions

Renewable energy tech
₹279.47 crFY 2024-25
+58%2024–2025
182+34% 12 mo to Aug 2024LinkedIn · Jul 2026
8 yr2018
4postings · last posted Sep 2026

Provider of personal and SME loans

Microfinance
₹240.21 crFY 2024-25
+41%2024–2025
1,082+102% 12 mo to Aug 2023recorded Aug 2023
9 yr2017
0none in 3 months

Developer of green buildings

Green buildings
₹217.30 crFY 2022-23
Not reported
2,753-52% 12 mo to Feb 2024LinkedIn · Jul 2026
70 yr1956
0none in 3 months

Provider of e-waste, battery, vehicle, and office equipment recycling services

Solid waste management tech
₹220.63 crFY 2024-25
+75%2024–2025
23-48% 12 mo to Feb 2024recorded Feb 2024
16 yr2010
0none in 3 months

Provider of post-consumer plastic waste collection, recycling, and product manufacturing

Solid waste management tech
₹203.99 crFY 2024-25
Not reported
73+1% 12 mo to Aug 2024LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Provider of inexpensive home-focused real estate fund services

Affordable housing
₹197.38 crFY 2023-24
+44%2023–2024
74+3% 12 mo to Aug 2024LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Develops antigen,polyclonal antibodies and In-Vitro diagnostic tests for infectious diseases .

Infectious diseases
₹194.68 crFY 2024-25
+19%2024–2025
255LinkedIn · Jul 2026
37 yr1989
0none in 3 months

Provider of recycled plastic flakes and granules from post-consumer waste. It sources waste from various points in the supply chain, including waste pickers and municipalities. The company processes this waste to produce high-quality recycled PET and polyolefin products for use in various industries, including fashion, consumer packaging, and material handling. It also assists companies in meeting their extended producer responsibility (EPR) obligations. The process aims to maximize the value of collected plastic waste and promote a circular economy.

Solid waste management tech
₹172.23 crFY 2024-25
+13%2024–2025
160LinkedIn · Jul 2026
20 yr2006
0none in 3 months · last posted Jun 2026

Manufacturer of recycled polyester chips and filament yarn

Solid waste management tech
₹169.21 crFY 2024-25
+5%2024–2025
233LinkedIn · Jul 2026
45 yr1981
0none in 3 months

Provider of energy and power management solutions for data centers

Facility management tech
₹162.42 crFY 2024-25
+9%2024–2025
41LinkedIn · Jul 2026
30 yr1996
0none in 3 months

Developer of diagnostic kits for pathogen detection and viral load monitoring

Genomics
₹153.08 crFY 2023-24
+23%2023–2024
248-12% 12 mo to Mar 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months
50 of 539 companies shown here · the full list is on Radar
Fliar Radar

Explore all 539 sustainability tech companies in Maharashtra on Radar

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

Open sustainability tech in Maharashtra on Radar
  • Every company, not just 50All 539 sustainability tech companies in Maharashtra, 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 sustainability tech companies in Maharashtra by what you are looking for

Browse sustainability technology companies in Maharashtra, from energy efficiency and solar to water and waste management. You can also see sustainability tech startups in Maharashtra, listed companies and firms that are hiring.

9 ways to explore sustainability tech in Maharashtra

Energy efficiency & building management companiesWater & wastewater treatment technology companiesRenewable energy, solar & storage companiesWaste management & recycling companiesAir pollution control & carbon management companiesIoT & smart city sustainability technology

Energy efficiency & building management companies

Energy management, efficient lighting and building automation providers.

  1. OnLine Netsys

    Provider of energy and power management solutions for data centers

    Facility management tech
    See in list
  2. eSmart Energy solutions

    Provider of technology-based energy-saving lighting products

    Energy efficiency tech
    See in list
  3. Aryan Boiler

    Manufacturer of industrial boilers, sugar plants, and distilleries

    Energy efficiency tech
    See in list
  4. Sudarshan Saur

    Manufacturer of solar water heaters

    Facility management tech
    See in list
  5. Signet EnerTech

    Provider of environmental and energy conservation solutions

    Energy efficiency tech
    Website

Water & wastewater treatment technology companies

Water treatment, purification, irrigation and leak detection providers.

  1. Ecozen Solutions

    Developer of automated irrigation systems leveraging AI and IoT

    Crop tech
    See in list
  2. SFC

    Provider of wastewater and solid waste treatment solutions

    Solid waste management tech
    See in list
  3. Concord Enviro

    Provider of industrial wastewater treatment services

    Water and wastewater management tech
    See in list
  4. Rite Water Solutions

    Provider of drinking water station network for consumers

    Water and wastewater management tech
    See in list
  5. Hydropure

    Water and wastewater treatment solutions

    Water and wastewater management tech
    See in list

Renewable energy, solar & storage companies

Solar, bioenergy, biofuel and energy storage technology providers.

  1. Sterling and Wilson

    Developer of energy storage systems

    Solar energy
    See in list
  2. Avaada Electro

    Manufacturer of high-efficiency solar cells and modules for utility, commercial, and residential applications

    Smart grid
    See in list
  3. Aerem

    Solar financing, equipment procurement, and performance monitoring solutions

    Renewable energy tech
    See in list
  4. Biofuels Junction

    Producer and supplier of fossil and biofuels

    Renewable energy tech
    See in list
  5. Ecofy

    Financial solutions for the electric vehicle, solar, and SME sectors

    Alternative lending
    See in list

Waste management & recycling companies

Solid waste, e-waste and plastic recycling companies.

  1. SFC

    Provider of wastewater and solid waste treatment solutions

    Solid waste management tech
    See in list
  2. Recyclekaro

    Provider of e-waste, battery, vehicle, and office equipment recycling services

    Solid waste management tech
    See in list
  3. Lucro

    Provider of post-consumer plastic waste collection, recycling, and product manufacturing

    Solid waste management tech
    See in list
  4. Dalmia Polypro Industries

    Provider of recycled plastic flakes and granules from post-consumer waste. It sources waste from various points in the supply chain, including waste pickers and municipalities. The company processes this waste to produce high-quality recycled PET and polyolefin products for use in various industries, including fashion, consumer packaging, and material handling. It also assists companies in meeting their extended producer responsibility (EPR) obligations. The process aims to maximize the value of collected plastic waste and promote a circular economy.

    Solid waste management tech
    See in list
  5. Revalyu

    Manufacturer of recycled polyester chips and filament yarn

    Solid waste management tech
    See in list

Air pollution control & carbon management companies

Air purification, emission control and carbon offset providers.

  1. PI Green Innovations

    Provider of sustainable technology solutions for air purification and emission control

    Air pollution management tech
    See in list
  2. AIM

    Manufacturer of air filtration media for HVAC, automotive, and healthcare applications. It produces nonwoven materials using various in-house technologies, including meltblown, thermal bonding, and needle punching. The company offers media for pre and fine filters in the HVAC market, materials for cabin air filters, fuel water separators, and engine air filtration in the automotive sector, and filtration materials for surgical face masks and respirators in the healthcare industry. Additional applications include hydraulic and water filtration. The materials meet global standards such as ISO 16

    Air management services
    See in list
  3. FountLab

    Provider of indoor and outdoor air quality monitoring devices

    Air pollution management tech
    Website
  4. Arrowrise-Energy

    Developer of pollution control equipment for thermal power plant flue gas

    Air pollution management tech
    Website
  5. Nirmitee Robotics

    Provider of HVAC air duct inspection and cleaning robots

    Air pollution management tech
    Website

IoT & smart city sustainability technology

IoT monitoring and smart city solutions for utilities and infrastructure.

  1. Faclon Labs

    Provider of industrial data and AI platform for decision intelligence

    Water and wastewater management tech
    Website
  2. Bluecoin IoT Solutions

    Smart workspace and building management solutions

    Facility management tech
    Website
  3. Greenovative

    A smart sustainability platform utilizing AI, IoT, and analytics to help businesses optimise energy, water and emissions

    Energy efficiency tech
    Website
  4. UtopiaTech

    Provider of IoT and cloud-enabled energy management software solutions

    Smart cities
    Website
  5. DropByDrop

    Provider if an IoT based smart water management platform

    Water and wastewater management tech
    Website

Listed sustainability tech companies in Maharashtra

Publicly listed sustainability technology companies.

  1. Aadhar Housing Finance

    Loans for affordable housing in tier 2,3 and 4 cities

    Consumer and sme loans
    See in list
  2. Sterling and Wilson

    Developer of energy storage systems

    Solar energy
    See in list
  3. GIC Housing Finance

    Provider of affordable financial services

    Consumer and sme loans
    See in list
  4. Concord Enviro

    Provider of industrial wastewater treatment services

    Water and wastewater management tech
    See in list
  5. Arihant Superstructures

    Developer of residential and commercial real estate properties

    Real estate & infrastructure developers
    See in list
10 companies in Maharashtra

Sustainability tech startups in Maharashtra

Newer sustainability tech companies founded in recent years.

  1. GreenLine

    Provider of sustainable transportation solutions using lng powered trucks and natural gas pipelines

    Air pollution management tech
    See in list
  2. Ecofy

    Financial solutions for the electric vehicle, solar, and SME sectors

    Alternative lending
    See in list
  3. Solar Ladder

    Provider of software for solar project management and supply procurement

    Renewable energy tech
    See in list
  4. Lico

    It is a lithium-ion battery recycling company focused on recycling end-of-life lithium-ion batteries

    Solid waste management tech
    Website
  5. Gemstar Infra India

    Provider of smart electric meters and deployment services

    Smart grid
    Website
116 companies in Maharashtra

Sustainability tech companies hiring in Maharashtra

Sustainability tech companies with open jobs right now.

  1. Svatantra Microfinance

    Provider of microcredit services

    Microfinance
    See in list
  2. Aadhar Housing Finance

    Loans for affordable housing in tier 2,3 and 4 cities

    Consumer and sme loans
    See in list
  3. Ecozen Solutions

    Developer of automated irrigation systems leveraging AI and IoT

    Crop tech
    See in list
  4. GIC Housing Finance

    Provider of affordable financial services

    Consumer and sme loans
    See in list
  5. Avaada Electro

    Manufacturer of high-efficiency solar cells and modules for utility, commercial, and residential applications

    Smart grid
    See in list
33 companies in Maharashtra
Mobile reach

Top 10 sustainability tech apps from Maharashtra

The most-installed Android apps published by sustainability tech companies headquartered in Maharashtra — 2.0M installs between them. 59 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
4

AppSociety: Society Management

by AppSociety

Installs122K
Rating—
Installs, year on year+24%
Last updatedJan 2026
View on Google Play ↗
AppSociety: Society Management screenshot 1AppSociety: Society Management screenshot 2AppSociety: Society Management screenshot 3AppSociety: Society Management screenshot 4AppSociety: Society Management screenshot 5AppSociety: Society Management screenshot 6
5

Cool The Globe

by Cool The Globe

Installs112K
Rating3.88579 ratings
Last updatedMay 2026
View on Google Play ↗
Cool The Globe screenshot 1Cool The Globe screenshot 2Cool The Globe screenshot 3Cool The Globe screenshot 4Cool The Globe screenshot 5Cool The Globe screenshot 6
10

Earth5R- The Environmental App

by Earth5R

Installs61K
Rating4.612K ratings
Last updatedOct 2025
View on Google Play ↗
Earth5R- The Environmental App screenshot 1Earth5R- The Environmental App screenshot 2Earth5R- The Environmental App screenshot 3Earth5R- The Environmental App screenshot 4Earth5R- The Environmental App screenshot 5Earth5R- The Environmental App screenshot 6
The business behind the activity

Sustainability tech financials in Maharashtra

Revenue, profit and growth from the filed annual accounts of 221 sustainability tech companies in Maharashtra for FY24-25 — 269 of the 539 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 80% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹24,774.99 cr

221 companies filing accounts

combined net profit₹5,198.23 cr

21.0% aggregate margin

are profitable61%

134 of 221 companies

median revenue~₹3.1 cr

the typical company

median revenue growth+24%

into FY24-25

earned by the top five80%

revenue concentration

Six-year view

Combined revenue of filing companies

₹15,005.84 crFY19-20148 filers
₹16,248.95 crFY20-21170 filers
₹37,714.86 crFY21-22177 filers
₹21,219.20 crFY22-23202 filers
₹20,676.57 crFY23-24211 filers
₹24,774.99 crFY24-25221 filers

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

Like-for-like

The same 177 companies over three years

+37%
FY22-23₹17,391.98 cr₹4,173.06 cr net
FY23-24₹20,335.13 cr₹4,696.80 cr net
FY24-25₹23,756.12 cr₹5,039.40 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 cr7632% profitable
₹1–10 cr7170% profitable
₹10–100 cr5182% profitable
₹100–1,000 cr1979% profitable
Over ₹1,000 cr475% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking56
0–20%36
20–50%36
50–100%23
Doubled+45

196 companies with accounts for both years; median growth +24%.

Profitability

Profit is concentrated at the top

134profitable
85loss-making
21.0%aggregate margin
1.7%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
REPLUS EngitechREPLUS ENGITECH PRIVATE LIMITED
Amperehour Solar TechnologyAMPEREHOUR SOLAR TECHNOLOGY PRIVATE LIMITED
Ecozen SolutionsECOZEN SOLUTIONS PRIVATE LIMITED+165%₹1,149.06 cr
PadCare LabsPADCARE LABS PRIVATE LIMITED+138%₹14.21 cr
Spruce UpSPRUCE UP INDUSTRIES PRIVATE LIMITED+121%₹13.08 cr
Sameer GroupSAMEER ELECTRO SYSTEMS PRIVATE LIMITED+97%
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Serum Institute of IndiaSERUM INSTITUTE OF INDIA PRIVATE LIMITED42.7%₹10,854.00 cr
K Raheja CorpK.RAHEJA IT PARK (HYDERABAD) LIMITED33.6%₹217.79 cr
iSERA BiologicalISERA BIOLOGICAL LIMITED27.6%
SFCSFC ENVIRONMENTAL TECHNOLOGIES LIMITED25.6%₹505.34 cr
CloudtapACE HYGIENE PRODUCTS PRIVATE LIMITED25.4%₹112.42 cr
PregnaPREGNA INTERNATIONAL LIMITED
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Infectious diseases7₹11,050.24 cr~₹83 lakh57%42.2%
Solid waste management tech28₹1,296.77 cr~₹2.4 cr67%4.2%
Crop tech5₹1,206.88 cr~₹27.3 cr80%6.5%
Smart grid5₹965.07 cr~₹12.5 cr60%17.7%
Water and wastewater management tech36₹604.44 cr~₹3.6 cr64%5.6%
Renewable energy tech18₹510.77 cr~₹6.4 cr44%0.4%
Energy efficiency tech24₹415.77 cr~₹6.2 cr67%5.1%
Facility management tech12₹289.92 cr~₹3.5 cr58%6.5%
Leaders

Largest sustainability tech companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Serum Institute of IndiaSERUM INSTITUTE OF INDIA PRIVATE LIMITED₹10,854.00 cr₹4,630.00 cr42.7%-2%
Sterling and WilsonSTERLING AND WILSON RENEWABLE ENERGY LIMITED₹5,592.38 cr₹318.26 cr5.7%+88%
Mahindra home financeMAHINDRA RURAL HOUSING FINANCE LIMITED₹1,196.70 cr−₹227.94 cr-19.0%-8%
Ecozen SolutionsECOZEN SOLUTIONS PRIVATE LIMITED₹1,149.06 cr₹75.70 cr6.6%+165%
Avaada ElectroAvaada Electro Limited₹933.09 cr₹173.30 cr18.6%>10×
SFCSFC ENVIRONMENTAL TECHNOLOGIES LIMITED₹505.34 cr₹129.57 cr25.6%-7%
TransconTRANSCON DEVELOPERS PRIVATE LIMITED₹371.69 cr₹1.61 cr0.4%-49%
K Raheja CorpK.RAHEJA IT PARK (HYDERABAD) LIMITED₹217.79 cr₹73.11 cr33.6%+18%
RecyclekaroEVERGREEN RECYCLEKARO (INDIA) LIMITED₹185.49 cr₹18.92 cr10.2%+90%
Advy ChemicalADVY CHEMICAL PRIVATE LIMITED₹175.72 cr₹24.38 cr13.9%+33%
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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

Sustainability Tech Industry Landscape of India

The financials above are one chapter. The full sustainability tech landscape of Maharashtra maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the sustainability tech landscape of Maharashtra
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

Sustainability tech funding and M&A across India

1,357 recorded equity rounds have gone to 3,401 sustainability tech companies in India — how much, at which stage, into which sub-sectors, from whom, and how Maharashtra compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months50

US$626.36m

equity rounds, last 24 months173

US$1.12bn

raised over five yearsUS$3.89bn

682 rounds in India

M&A deals, Maharashtra22

last 24 months

Capital by year

Equity funding into sustainability tech in India

amount rounds
$238m201889
$425m2019102
$132m2020101
$382m2021109
$1.0bn2022140
$757m2023138
$685m2024153
$497m2025112
$534m202630

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2022, with US$1.04bn across 140 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$20.56m80 rounds · median US$104k
SeedUS$352.69m408 rounds · median US$421k
Series AUS$509.66m107 rounds · median US$3.94m
Series BUS$602.32m43 rounds · median US$11.25m
Series CUS$650.76m26 rounds · median US$15.84m
Series D+US$722.21m12 rounds · median US$30.71m
Private equityUS$1.03bn6 rounds · median US$232.92m
Where the money went · five years

Most-funded sub-sectors

Renewable energy techUS$1.22bn93 rounds · 44 companies
MicrofinanceUS$824.55m35 rounds · 15 companies
Solid waste management techUS$243.03m103 rounds · 47 companies
Consumer and sme loansUS$238.64m7 rounds · 4 companies
Alternative lendingUS$221.19m12 rounds · 5 companies
Air pollution management techUS$157.59m74 rounds · 38 companies
Affordable housingUS$146.45m3 rounds · 2 companies
Corporate activity · last 24 months

M&A in Maharashtra

20Acquisition
2Merger

Most active acquirers

  1. Serum institute of india5
  2. Premier energies3
  3. Svatantra Microfin2
  4. Organic recycling systems1
  5. BCP Asia II Holdco VII Pte Ltd1

Most acquired or merged

  1. Sterling and wilson renewable energy5
  2. Transcon4
  3. Royal Challengers Bengaluru2
  4. Svatantra1
  5. Chaitanya india fin credit1

Each deal appears in the events strip at the top of the page.

Go deeper in the sustainability tech landscape reports:

Sustainability Tech Industry Landscape of India

Sustainability tech funding in Maharashtra

78 sustainability tech companies in Maharashtra have recorded equity funding, US$815.77m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Maharashtra

Meet the people behind sustainability tech companies in Maharashtra. 329 of 539 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Maharashtra sustainability tech companies by sub-sector

The most common specialisations among sustainability tech companies in Maharashtra. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring sustainability tech in India and nearby markets.

Coming soon