Company lists
The Mumbai edition · 2026

Sustainability techcompanies in Mumbai

Energy efficiency, solar & renewables, water & waste, air & carbon, smart homes & IoT and more: the companies building sustainability tech in Mumbai, Maharashtra, with their founders, funding, team size and business models.

259 company profiles130 with reported revenue47 with recorded fundingSeptember 2026 edition
Mumbai · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent sustainability tech business events in Mumbai

Funding, M&A, contract wins and launches involving 306 sustainability tech companies in Mumbai, last 24 months: 24 Contracts · 16 M&A deals · 10 funding rounds · 2 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 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
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
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
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 · 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

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)
M&AAcquisition · Announced

Hindustan unilever acquires Lucro plastecycle

The board of directors of Hindustan Unilever (HUL), at its meeting on Thursday, approved the investment for acquiring a 14.3 per cent stake in Lucro Plastecycle (Lucro), a leading player…

Waste Management and Recycling
M&AAcquisition · Completed

International Conveyors acquires Sterling and wilson renewable energy

International Conveyors has acquired 138856 equity shares of Sterling and Wilson Renewable Energy for investment purpose. The cost of acquisition is Rs 3.49 crore.

Solar EPC solutions
M&AAcquisition · Completed

Morgan stanley acquires Sterling and wilson renewable energy

Investment banking firm Morgan Stanley on Tuesday bought a 1.5 per cent stake in Sterling and Wilson Renewable Energy for ₹103 crore through an open market transaction.

M&AAcquisition · Announced

Shapoorji Pallonji and Khurshed Yazdi Daruvala acquires Sterling and wilson renewable energy

Shapoorji Pallonji and Khurshed Yazdi Daruvala sold a 7.14% stake in Sterling and Wilson Renewable Energy for ₹1,040 crore.

M&AAcquisition · Completed

Na acquires Sterling and wilson renewable energy

Shapoorji Pallonji and Khurshed Yazdi Daruvala sold a 7.14% stake in Sterling and Wilson Renewable Energy for ₹1,040 crore.

Sustainability tech companies in Mumbai, by revenue

Browse sustainability tech 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 130 sustainability tech 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

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

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

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

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

Water and wastewater treatment solutions

Water and wastewater management tech
₹152.84 crFY 2024-25
+5%2024–2025
6+53% 12 mo to Sep 2024LinkedIn · Jul 2026
25 yr2001
0none in 3 months

Solid waste management solution for the complex processes like dumpsite reclamation

Solid waste management tech
₹135.25 crFY 2024-25
+38%2024–2025
—Not available
8 yr2018
0none in 3 months

Provider of financial services

Microfinance
₹134.91 crFY 2024-25
+5%2024–2025
35LinkedIn · Jul 2026
25 yr2001
0none in 3 months

Producer and supplier of fossil and biofuels

Renewable energy tech
₹118.72 crFY 2024-25
+42%2024–2025
34-44% 12 mo to Sep 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Provider of technology-based energy-saving lighting products

Energy efficiency tech
₹107.13 crFY 2022-23
Not reported
187+11% 12 mo to Sep 2024recorded Sep 2024
57 yr1969
—No postings tracked
50 of 259 companies shown here · the full list is on Radar
Fliar Radar

Explore all 259 sustainability tech companies in Mumbai on Radar

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

Open sustainability tech in Mumbai on Radar
  • Every company, not just 50All 259 sustainability tech 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 sustainability tech companies in Mumbai by what you are looking for

Find sustainability tech companies in Mumbai, from energy efficiency and solar to waste and water management. Browse sustainability technology companies in Mumbai and green tech startups by focus area.

9 ways to explore sustainability tech in Mumbai

Energy efficiency & building management companiesSolar & renewable energy companiesWater, wastewater & waste recycling companiesAir pollution & carbon management companiesSmart home & IoT sustainability companiesAffordable housing & green finance companies

Energy efficiency & building management companies

Energy saving, LED 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. Signet EnerTech

    Provider of environmental and energy conservation solutions

    Energy efficiency tech
    See in list
  4. Corvi

    Provider of high-efficiency LED lighting solutions with a focus on innovative design and manufacturing processes

    Energy efficiency tech
    See in list
  5. Argos Arkaya Power Solutions

    Lighting & renewable energy solutions

    Energy efficiency tech
    See in list

Solar & renewable energy companies

Solar, wind, storage and biofuel 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

Water, wastewater & waste recycling companies

Water treatment, waste management and recycling solution providers.

  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. Hydropure

    Water and wastewater treatment solutions

    Water and wastewater management tech
    See in list

Air pollution & carbon management companies

Air purification, emission control and carbon capture technology.

  1. Praan

    Provider of air purification systems for homes, commercial, and industrial spaces

    Energy efficiency tech
    Website
  2. Exposome

    Provider of materials chemistry solutions for industrial air and water treatment

    Chemicals tech
    Website
  3. Experiqs Tech

    Provider of interdisciplinary R&D platform services

    Air pollution management tech
    Website
  4. UrjanovaC

    Technology solution for Carbon capture

    Air pollution management tech
    Website
  5. Greenmentor

    Provider of sustainability services including carbon accounting, ESG reporting, and training

    Air pollution management tech
    Website

Smart home & IoT sustainability companies

IoT monitoring, smart meters and smart home automation providers.

  1. Uniser

    Manufacturer of solar powered LED lighting and home automation systems

    Property management tech
    See in list
  2. Gemstar Infra India

    Provider of smart electric meters and deployment services

    Smart grid
    Website
  3. UtopiaTech

    Provider of IoT and cloud-enabled energy management software solutions

    Smart cities
    Website
  4. DropByDrop

    Provider if an IoT based smart water management platform

    Water and wastewater management tech
    Website
  5. Innoquad Technologies

    Provider of IoT based solutions in multi-industries

    Energy efficiency tech
    Website

Affordable housing & green finance companies

Housing finance, microfinance and real estate developers.

  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. GIC Housing Finance

    Provider of affordable financial services

    Consumer and sme loans
    See in list
  4. Arihant Superstructures

    Developer of residential and commercial real estate properties

    Real estate & infrastructure developers
    See in list
  5. Svamaan

    Provider of personal and SME loans

    Microfinance
    See in list

Sustainability tech startups in Mumbai

Recently founded sustainability tech companies in Mumbai.

  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
    See in list
  5. Gemstar Infra India

    Provider of smart electric meters and deployment services

    Smart grid
    Website
65 companies in Mumbai

Listed sustainability tech companies in Mumbai

Publicly listed sustainability tech companies based in Mumbai.

  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
8 companies in Mumbai

Sustainability tech companies hiring in Mumbai

Sustainability tech companies in Mumbai with open jobs.

  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. GIC Housing Finance

    Provider of affordable financial services

    Consumer and sme loans
    See in list
  4. Avaada Electro

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

    Smart grid
    See in list
  5. Arihant Superstructures

    Developer of residential and commercial real estate properties

    Real estate & infrastructure developers
    See in list
31 companies in Mumbai
Mobile reach

Top 10 sustainability tech apps from Mumbai

The most-installed Android apps published by sustainability tech companies headquartered in Mumbai — 406K installs between them. 26 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

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
3

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
5

Myplan8 | Climate Action

by Myplan8

Installs34K
Rating—
Last updatedNov 2025
View on Google Play ↗
Myplan8 | Climate Action screenshot 1Myplan8 | Climate Action screenshot 2Myplan8 | Climate Action screenshot 3Myplan8 | Climate Action screenshot 4Myplan8 | Climate Action screenshot 5Myplan8 | Climate Action screenshot 6
6

Svamaan

by Svamaan

Installs30K
Rating—
Last updatedApr 2026
View on Google Play ↗
Svamaan screenshot 1Svamaan screenshot 2Svamaan screenshot 3Svamaan screenshot 4
8

Ohm Assistant

by Ohm

Installs13K
Rating—
Last updatedApr 2025
View on Google Play ↗
Ohm Assistant screenshot 1Ohm Assistant screenshot 2Ohm Assistant screenshot 3Ohm Assistant screenshot 4Ohm Assistant screenshot 5Ohm Assistant screenshot 6
10

Greenline Commander

by GreenLine

Installs5K
Rating—
Last updatedMay 2026
View on Google Play ↗
Greenline Commander screenshot 1Greenline Commander screenshot 2Greenline Commander screenshot 3Greenline Commander screenshot 4
The business behind the activity

Sustainability tech financials in Mumbai

Revenue, profit and growth from the filed annual accounts of 116 sustainability tech companies in Mumbai, Maharashtra for FY24-25 — 145 of the 259 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 75% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹11,413.95 cr

116 companies filing accounts

combined net profit₹570.82 cr

5.0% aggregate margin

are profitable58%

67 of 116 companies

median revenue~₹4.2 cr

the typical company

median revenue growth+18%

into FY24-25

earned by the top five75%

revenue concentration

Six-year view

Combined revenue of filing companies

₹8,576.39 crFY19-2081 filers
₹7,281.59 crFY20-2189 filers
₹9,964.12 crFY21-2288 filers
₹9,186.20 crFY22-23103 filers
₹8,111.67 crFY23-24108 filers
₹11,413.95 crFY24-25116 filers

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

Like-for-like

The same 88 companies over three years

+88%
FY22-23₹5,533.62 cr₹30.45 cr net
FY23-24₹7,850.25 cr₹438.37 cr net
FY24-25₹10,419.29 cr₹412.28 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 cr3719% profitable
₹1–10 cr3370% profitable
₹10–100 cr2979% profitable
₹100–1,000 cr1587% 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

Shrinking30
0–20%23
20–50%15
50–100%12
Doubled+22

102 companies with accounts for both years; median growth +18%.

Profitability

Profit is concentrated at the top

67profitable
49loss-making
5.0%aggregate margin
1.8%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
CorviCorvi Led Limited
RecyclekaroEVERGREEN RECYCLEKARO (INDIA) LIMITED+90%₹185.49 cr
Sterling and WilsonSTERLING AND WILSON RENEWABLE ENERGY LIMITED+88%₹5,592.38 cr
Solar LadderABHIMANHAN ENERGY PRIVATE LIMITED
Organica BiotechORGANICA BIOTECH PRIVATE LIMITED
TruBoard Clean TechTRUBOARD CLEANTECH PRIVATE LIMITED
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
K Raheja CorpK.RAHEJA IT PARK (HYDERABAD) LIMITED33.6%₹217.79 cr
SFCSFC ENVIRONMENTAL TECHNOLOGIES LIMITED25.6%₹505.34 cr
CloudtapACE HYGIENE PRODUCTS PRIVATE LIMITED25.4%₹112.42 cr
PregnaPREGNA INTERNATIONAL LIMITED
Avaada ElectroAvaada Electro Limited18.6%₹933.09 cr
Gemstar Infra IndiaGEMSTAR INFRA INDIA PRIVATE LIMITED16.3%
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Solid waste management tech15₹1,083.58 cr~₹10.1 cr67%14.9%
Water and wastewater management tech15₹469.27 cr~₹7.1 cr67%6.5%
Renewable energy tech9₹309.94 cr~₹28.3 cr33%2.8%
Energy efficiency tech13₹261.07 cr~₹8.3 cr54%4.7%
Facility management tech5₹182.20 cr~₹1.3 cr40%4.7%
Air pollution management tech12₹111.76 cr~₹27 lakh42%-25.0%
Property management tech5₹37.92 cr~₹1.1 cr40%-8.4%
Leaders

Largest sustainability tech companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
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%
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%
Dalmia Polypro IndustriesDALMIA POLYPRO INDUSTRIES PRIVATE LIMITED₹167.71 cr₹3.47 cr2.1%+10%
OnLine NetsysONLINE NETSYS (INDIA) PRIVATE LIMITED₹162.42 cr₹11.91 cr7.3%+9%
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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 Mumbai 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 Mumbai
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 Mumbai 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, Mumbai16

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 Mumbai

14Acquisition
2Merger

Most active acquirers

  1. Premier energies3
  2. Svatantra Microfin2
  3. Organic recycling systems1
  4. BCP Asia II Holdco VII Pte Ltd1
  5. Pel1

Most acquired or merged

  1. Sterling and wilson renewable energy5
  2. Transcon4
  3. Chaitanya india fin credit1
  4. Svatantra1
  5. Industrial Associates Partnership Firm1

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

Sustainability tech funding in Mumbai

47 sustainability tech companies in Mumbai have recorded equity funding, US$632.93m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Mumbai

Meet the people behind sustainability tech companies in Mumbai. 180 of 259 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Mumbai sustainability tech companies by sub-sector

The most common specialisations among sustainability tech companies in Mumbai. 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