Company lists
The West Bengal edition · 2026

Sustainability techcompanies in West Bengal

Energy efficiency, water, renewable energy, green buildings, emissions & waste and more: the companies building sustainability tech in West Bengal, with their founders, funding, team size and business models.

79 company profiles27 with reported revenue6 with recorded fundingOctober 2026 edition
West Bengal · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent sustainability tech business events in India

Funding, M&A, contract wins and launches involving 3,401 sustainability tech companies in India, last 24 months: 75 Contracts · 73 funding rounds · 55 M&A deals · 9 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

M&AAcquisition · Announced

Adani energy solutions acquires IntelliSmart Infrastructure

Adani Energy Solutions (AESL) has signed a binding securities purchase and subscription agreement to acquire 100% of the equity in smart metering company IntelliSmart Infrastructure.

Smart Metering
ContractService

Lohum · client: Hindustan copper

Hindustan Copper Limited (HCL) has awarded LOHUM the rights to restart, upgrade, and maintain the 50,000 tonne-per-annum Copper Project at Jhagadia, Gujarat, under a 20-year…

Copper
Funding

Anant Raj

Anant Raj Limited (ARL) has entered into a Memorandum of Understanding (MoU) with the Haryana Enterprises Promotion Centre (HEPC), Government of Haryana, to invest approximately Rs…

Digital Infrastructure
ContractInfrastructure

Anant Raj · client: Haryana government

In a statement on Monday, Anant Raj said it has signed a Memorandum of Understanding (MoU) with the Haryana government to invest ₹20,000 crore in the development of large-scale data…

Data centre infrastructure
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
M&AAcquisition · Completed

Inox Clean Energy acquires Vibrant energy

Inox Clean Energy Limited has completed the acquisition of Vibrant Energy, a Macquarie-backed renewable independent power producer focused on the commercial and industrial (C&I) segment.…

Renewable independent power producer
FundingSeries B

Kimbal

Energy engineering company Kimbal Pvt Ltd on Thursday raised $22 million in a Series B funding round, led by sustainability-focused private equity firm, GEF Capital Partners.

Energy Engineering
M&AAcquisition · Announced

Inox Clean Energy acquires Boviet solar

Inox Clean Energy is set to acquire Boviet Solar in a deal that could assign an enterprise value of about $750 million (around Rs 7,000 crore) to the San Jose, California-headquartered…

Solar Energy
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
Funding

Ecoil

Clean energy startup Ecoil has raised about $2.5 million in a funding round led by early-growth stage venture capital firm Fundalogical Ventures.

Investors Caspian Impact Investment, Momentum capital, The chennai angels
Clean Energy
M&AAcquisition · Announced

Multiple potential suitors (Brookfield, Macquarie, KKR, Actis) acquires IntelliSmart Infrastructure

Promoters of IntelliSmart are seeking an enterprise valuation of about $700 million (₹6,520 crore), the people said.

Smart Metering
M&AAcquisition · Completed

Premier energies acquires Transcon

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

ContractSupply

Serentica renewables · client: Cairn Oil & Gas

Cairn Oil & Gas, part of the Vedanta Group, has started sourcing 25 MW of renewable hybrid power from Serentica Renewables for its Barmer oil field in Rajasthan.

Energy
M&AAcquisition · Rumored

Na acquires IntelliSmart Infrastructure

Mumbai: More than half a dozen potential suitors including global investors Brookfield, Macquarie, KKR, and Actis are in early-stage talks to acquire IntelliSmart Infrastructure, said…

ContractSupply

Serentica renewables · client: Sanathan Polycot

Serentica Renewables has inked a deal with Sanathan Polycot to provide 32 MW of hybrid renewable energy.

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
Funding

Svasti microfinance

In 2023, Svasti raised an additional ₹40 crore from Abler Nordic and seven high-net-worth individuals.

Investors Abler Nordic, High-net-worth individuals
ContractTechnology

Genrobotics · client: Pub

Genrobotics, the Indian deep-tech leader redefining hazardous infrastructure maintenance, has secured a major contract with PUB, Singapore’s National Water Agency.

Infrastructure
Contract

Avio Smart Market Stack Limited · client: Huwel lifesciences

Avio Smart Market Stack Limited (ASMS), formerly known as Bartronics India Limited, has entered into a Share Subscription cum Shareholders’ Agreement with Hyderabad-based Huwel Lifesciences.

Healthcare and diagnostics
M&AAcquisition · Announced

Avio Smart Market Stack Limited acquires Huwel lifesciences

Avio Smart Market Stack has signed a shareholders’ agreement to acquire a minority stake in Hyderabad-based Huwel Lifesciences.

FundingTerm loan

Annapurna finance

Annapurna Finance Private Limited has secured a USD 100 million through syndicated multi-currency term loan facility, along with a USD 50 million greenshoe option.

Investors Standard Chartered Bank
Financial Services
FundingSeed

Hycosys

In a seed funding round headed by MountTech Growth Fund-Kavachh, deep-tech engineering startup Hycosys has raised more than $1 million, or roughly Rs 9 crore.

Investors MountTech Growth Fund-Kavachh
Deep-tech engineering
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

Sustainability tech companies in West Bengal, by revenue

Browse sustainability tech companies in West Bengal by reported revenue, one-year revenue growth, revenue model, age and stage. The 27 companies below are the largest by their most recent reported revenue among 27 sustainability tech companies in West Bengal 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 27

Manufacturer and provider of solar modules

Solar energy
₹523.77 crFY 2024-25
+58%2024–2025
—Not available
18 yr2008
1postings · last posted Sep 2026

Provider of micro financial services

Microfinance
₹194.01 crFY 2024-25
+8%2024–2025
481-4% 12 mo to Jul 2024LinkedIn · Oct 2026
30 yr1996
0none in 3 months · last posted Jul 2026

Micro loans in West Bengal

Microfinance
₹87.87 crFY 2024-25
+20%2024–2025
7-37% 12 mo to Sep 2024LinkedIn · Oct 2026
17 yr2009
4postings · last posted Sep 2026

Provider of HVAC solutions and air conditioning systems

Energy efficiency tech
₹69.32 crFY 2024-25
+2%2024–2025
129LinkedIn · Jul 2026
38 yr1988
0none in 3 months

Micro Loans in West Bengal

Microfinance
₹67.58 crFY 2024-25
-13%2024–2025
149+80% 12 mo to Jun 2023LinkedIn · Oct 2026
33 yr1993
0none in 3 months

Manufacturer of electronic systems and provider of industrial energy management solutions

Smart grid
₹50.81 crFY 2024-25
+43%2024–2025
30+30% 12 mo to Sep 2024recorded Sep 2024
43 yr1983
0none in 3 months

Provider of structural engineering consulting firm including design and construction services, for various industries

Green buildings
₹43.88 crFY 2024-25
+56%2024–2025
21LinkedIn · Jul 2026
34 yr1992
0none in 3 months

Provider of energy forecasting and scheduling services

Renewable energy tech
₹35.94 crFY 2024-25
+47%2024–2025
12+9% 12 mo to Sep 2024recorded Sep 2024
15 yr2011
0none in 3 months

Developer of diagnostic solutions for infectious diseases

Infectious diseases
₹30.90 crFY 2021-22
Not reported
—Not available
20 yr2006
—No postings tracked

Micro-loans for individuals and enterprises

Microfinance
₹34.07 crFY 2024-25
+18%2024–2025
386-3% 12 mo to Sep 2024recorded Sep 2024
10 yr2016
0none in 3 months

Microcredit and savings for the low-income individuals

Microfinance
₹29.13 crFY 2024-25
Not reported
1+6% 12 mo to Aug 2024LinkedIn · Jul 2026
20 yr2006
0none in 3 months

Microfinance institution supporting low-income women

Microfinance
₹18.54 crFY 2024-25
+21%2024–2025
70+116% 12 mo to Sep 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Provider of arsenic-free water solutions for households

Water and wastewater management tech
₹15.71 crFY 2024-25
+25%2024–2025
40LinkedIn · Jul 2026
23 yr2003
0none in 3 months

Developer of residential and commercial real estate projects

Real estate brokers
₹8.46 crFY 2021-22
Not reported
21LinkedIn · Jul 2026
17 yr2009
0none in 3 months

Provider of asphalt and concrete paving services for residential, commercial, and industrial projects

Green buildings
₹3.22 crFY 2024-25
+29%2024–2025
44LinkedIn · Jul 2026
7 yr2019
0none in 3 months · last posted May 2026

Provider of environmental consultancy, waste management, and textiles services

Solid waste management tech
₹1.63 crFY 2024-25
+4%2024–2025
21+88% 12 mo to Sep 2024LinkedIn · Jul 2026
4 yr2022
0none in 3 months

Micro-credit for low income individuals and businesses

Microfinance
₹1.43 crFY 2021-22
Not reported
55-8% 12 mo to Sep 2024recorded Sep 2024
34 yr1992
0none in 3 months

Provider of air to water generators

Water and wastewater management tech
₹1.30 crFY 2024-25
-63%2024–2025
32LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Provider of solutions for building automation

Facility management tech
₹1.14 crFY 2024-25
+1%2024–2025
22LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Humidity and environment control systems

Facility management tech
₹74.35 lakhFY 2021-22
Not reported
—Not available
78 yr1948
—No postings tracked

Developer of a device for the management of menstrual pain

Wearable technology
₹77.32 lakhFY 2024-25
Not reported
5LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Provides solutions to extract water from air

Water and wastewater management tech
₹18.54 lakhFY 2024-25
-26%2024–2025
3LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Energy process outsourcing company

Property management tech
₹7.73 lakhFY 2024-25
-61%2024–2025
6LinkedIn · Jul 2026
17 yr2009
0none in 3 months

Provider of solutions for weather forecasting

Air pollution management tech
₹6.66 lakhFY 2024-25
Not reported
2LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Data center infrastructure management software

Property management tech
₹5.13 lakhFY 2023-24
-80%2023–2024
5LinkedIn · Jul 2026
16 yr2010
0none in 3 months · last posted Jun 2026
27 of 79 companies shown here · the full list is on Radar
Fliar Radar

Explore all 79 sustainability tech companies in West Bengal on Radar

This page shows the top 27. Radar has the complete, filterable list with contacts and live company signals.

Open sustainability tech in West Bengal on Radar
  • Every company, not just 50All 79 sustainability tech companies in West Bengal, 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 West Bengal by what you are looking for

Browse sustainability tech companies in West Bengal working on energy efficiency, water treatment, renewable energy and green buildings. Sustainability tech startups in West Bengal and companies hiring are listed too.

8 ways to explore sustainability tech in West Bengal

Energy efficiency & building automation companiesWater treatment & wastewater management companiesSolar & renewable energy companiesGreen building & affordable housing developersAir pollution, carbon & waste management companiesMicrofinance & microcredit companies

Energy efficiency & building automation companies

Companies that cut energy use through building automation, energy monitoring and facility management.

  1. Meho-Hcp Air Systems

    Provider of HVAC solutions and air conditioning systems

    Energy efficiency tech
    See in list
  2. Technixia

    Provider of solutions for building automation

    Facility management tech
    See in list
  3. Condair

    Humidity and environment control systems

    Facility management tech
    See in list
  4. E-Cube Energy

    Energy process outsourcing company

    Property management tech
    See in list
  5. GreenField Software

    Data center infrastructure management software

    Property management tech
    See in list

Water treatment & wastewater management companies

Providers of water purifiers, filters, treatment systems and leak detection.

  1. Har Bauer India

    Provider of arsenic-free water solutions for households

    Water and wastewater management tech
    See in list
  2. Akvo

    Provider of air to water generators

    Water and wastewater management tech
    See in list
  3. Aryav

    Provides solutions to extract water from air

    Water and wastewater management tech
    See in list
  4. Need Inovation

    Provider of filters for water purification

    Water and wastewater management tech
    Website
  5. Plizma Technology

    Technology solution for water treatment

    Water and wastewater management tech
    Website

Solar & renewable energy companies

Solar module makers, energy forecasting firms and clean power technology developers.

  1. Sova Solar

    Manufacturer and provider of solar modules

    Solar energy
    See in list
  2. MB Control

    Manufacturer of electronic systems and provider of industrial energy management solutions

    Smart grid
    See in list
  3. Manikaran Analytics

    Provider of energy forecasting and scheduling services

    Renewable energy tech
    See in list
  4. Subhasree Projects

    Provider of grid automation, renewable energy, and smart metering solutions

    Smart grid
    Website
  5. Indecons

    Cloud platform offering solar services

    Renewable energy tech
    Website

Green building & affordable housing developers

Builders and consultants delivering sustainable, modular and affordable housing.

  1. EDIFICE ENGINEERING ENTERPRISE

    Provider of structural engineering consulting firm including design and construction services, for various industries

    Green buildings
    See in list
  2. Ascon Infrastructure

    Developer of residential and commercial real estate projects

    Real estate brokers
    See in list
  3. Asangaoverseas.com

    Manufacturer of modular container homes, offices, cafes, and dormitory units

    Green buildings
    Website
  4. Rajat Homes

    Developer of affordable houses

    Affordable housing
    Website
  5. JKLED

    Provider of infrastructure and electrical allied products and services in India

    Affordable housing
    Website

Air pollution, carbon & waste management companies

Companies reducing industrial emissions, monitoring air quality and managing waste.

  1. Banofi

    Provider of environmental consultancy, waste management, and textiles services

    Solid waste management tech
    See in list
  2. Cleair

    Provider of solutions for weather forecasting

    Air pollution management tech
    See in list
  3. Alt Carbon

    Provider of carbon reduction solutions for crop farming

    Crop tech
    See in list
  4. Swachhcoin

    Decentralised waste management platform

    Solid waste management tech
    Website
  5. Sabuj Tech

    Provides solutions to convert agriculture waste to carbon materials

    Solid waste management tech
    Website

Microfinance & microcredit companies

Lenders offering micro loans and savings to low-income individuals and small enterprises.

  1. ASAI India

    Micro Loans in East India

    Microfinance
    Website
  2. VFS Capital

    Provider of micro financial services

    Microfinance
    See in list
  3. Uttrayan Financial Services

    Micro loans in West Bengal

    Microfinance
    See in list
  4. Janakalyan

    Micro-loans for individuals and enterprises

    Microfinance
    See in list
  5. Sarala

    Microcredit and savings for the low-income individuals

    Microfinance
    See in list

Sustainability tech startups in West Bengal

Newer sustainability tech companies founded in recent years.

  1. Banofi

    Provider of environmental consultancy, waste management, and textiles services

    Solid waste management tech
    See in list
  2. Alt Carbon

    Provider of carbon reduction solutions for crop farming

    Crop tech
    See in list
  3. Sabuj Tech

    Provides solutions to convert agriculture waste to carbon materials

    Solid waste management tech
    Website
  4. Asangaoverseas.com

    Manufacturer of modular container homes, offices, cafes, and dormitory units

    Green buildings
    Website
  5. SlightQ

    Provider of cloud-based queue management system for facilities

    Facility management tech
    Website
19 companies in West Bengal

Sustainability tech companies hiring in West Bengal

Sustainability tech companies currently recruiting.

  1. Sova Solar

    Manufacturer and provider of solar modules

    Solar energy
    See in list
  2. VFS Capital

    Provider of micro financial services

    Microfinance
    See in list
  3. Uttrayan Financial Services

    Micro loans in West Bengal

    Microfinance
    See in list
  4. Paving+

    Provider of asphalt and concrete paving services for residential, commercial, and industrial projects

    Green buildings
    See in list
  5. GreenField Software

    Data center infrastructure management software

    Property management tech
    See in list
6 companies in West Bengal
Mobile reach

Top 3 sustainability tech apps from West Bengal

The most-installed Android apps published by sustainability tech companies headquartered in West Bengal — 12K installs between them. 3 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 3
2

Sarala Customer App

by Sarala

Installs1K
Rating—
Last updatedAug 2025
View on Google Play ↗
Sarala Customer App screenshot 1Sarala Customer App screenshot 2
The business behind the activity

Sustainability tech financials in West Bengal

Revenue, profit and growth from the filed annual accounts of 26 sustainability tech companies in West Bengal for FY24-25 — 27 of the 79 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 57% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹819.47 cr

26 companies filing accounts

combined net profit−₹44.52 cr

-5.4% aggregate margin

are profitable65%

17 of 26 companies

median revenue~₹19.4 cr

the typical company

median revenue growth+9%

into FY24-25

earned by the top five57%

revenue concentration

Six-year view

Combined revenue of filing companies

₹880.26 crFY19-2020 filers
₹762.01 crFY20-2123 filers
₹798.88 crFY21-2224 filers
₹767.20 crFY22-2325 filers
₹803.22 crFY23-2425 filers
₹819.47 crFY24-2526 filers

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

Like-for-like

The same 22 companies over three years

+7%
FY22-23₹766.86 cr₹53.88 cr net
FY23-24₹801.58 cr₹20.51 cr net
FY24-25₹816.99 cr−₹42.30 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 cr540% profitable
₹10–100 cr1486% profitable
₹100–1,000 cr1100% profitable
Over ₹1,000 cr0—

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

Momentum

How fast revenue moved into FY24-25

Shrinking7
0–20%7
20–50%8
50–100%2
Doubled+0

24 companies with accounts for both years; median growth +9%.

Profitability

Profit is concentrated at the top

17profitable
9loss-making
-5.4%aggregate margin
2.3%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
EDIFICE ENGINEERING ENTERPRISEEDIFICE ENGINEERING ENTERPRISE PVT LTD+56%₹43.88 cr
Subhasree ProjectsSUBHASREE PROJECTS PRIVATE LIMITED+51%₹51.08 cr
Manikaran AnalyticsMANIKARAN ANALYTICS LIMITED+47%₹35.94 cr
MB ControlM.B. CONTROL & SYSTEMS PVT LTD+43%₹50.81 cr
Dar Credit & CapitalDAR CREDIT & CAPITAL LTD+26%₹41.39 cr
Har Bauer IndiaHARBAUER (INDIA) PRIVATE LIMITED+25%₹15.71 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Manikaran AnalyticsMANIKARAN ANALYTICS LIMITED20.5%₹35.94 cr
Dar Credit & CapitalDAR CREDIT & CAPITAL LTD₹41.39 cr
Uttrayan Financial ServicesUTTRAYAN FINANCIAL SERVICES PRIVATE LIMITED12.5%₹87.87 cr
VFS CapitalVFS CAPITAL LIMITED8.3%₹194.01 cr
EDIFICE ENGINEERING ENTERPRISEEDIFICE ENGINEERING ENTERPRISE PVT LTD6.3%₹43.88 cr
JanakalyanJANAKALYAN FINANCIAL SERVICES PRIVATE LIMITED5.8%₹34.07 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Microfinance8₹521.21 cr~₹45.0 cr75%-11.0%
Leaders

Largest sustainability tech companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
VFS CapitalVFS CAPITAL LIMITED₹194.01 cr₹16.05 cr8.3%+8%
Uttrayan Financial ServicesUTTRAYAN FINANCIAL SERVICES PRIVATE LIMITED₹87.87 cr₹11.02 cr12.5%+20%
Meho-Hcp Air SystemsMEHO HCP AIR SYSTEMS PRIVATE LIMITED₹69.32 cr₹3.40 cr4.9%+2%
Jagaran MicrofinJAGARAN MICROFIN PRIVATE LIMITED₹67.58 cr₹1.28 cr1.9%-13%
Subhasree ProjectsSUBHASREE PROJECTS PRIVATE LIMITED₹51.08 cr2.6%+51%
MB ControlM.B. CONTROL & SYSTEMS PVT LTD₹50.81 cr₹1.62 cr3.2%+43%
ASA International India MicrofinanceASA INTERNATIONAL INDIA MICROFINANCE LIMITED₹48.62 cr-185.1%
EDIFICE ENGINEERING ENTERPRISEEDIFICE ENGINEERING ENTERPRISE PVT LTD₹43.88 cr₹2.77 cr6.3%+56%
Dar Credit & CapitalDAR CREDIT & CAPITAL LTD₹41.39 cr₹7.04 cr+26%
Manikaran AnalyticsMANIKARAN ANALYTICS LIMITED₹35.94 cr₹7.38 cr20.5%+47%
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.

Industry landscape report

Sustainability Tech Industry Landscape of India

The financials above are one chapter. The full sustainability tech landscape of West Bengal 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 West Bengal
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 West Bengal compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months40

US$596.22m

equity rounds, last 24 months158

US$1.10bn

raised over five yearsUS$3.89bn

682 rounds in India

M&A deals, India55

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 India

50Acquisition
5Merger

Most active acquirers

  1. Inox Clean Energy6
  2. Serum institute of india5
  3. Premier energies3
  4. Inox green energy services3
  5. Adani energy solutions2

Most acquired or merged

  1. Sterling and wilson renewable energy5
  2. IntelliSmart Infrastructure4
  3. Transcon4
  4. Vibrant energy2
  5. Wind World India2

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 West Bengal

6 sustainability tech companies in West Bengal have recorded equity funding, US$13.76m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in West Bengal

Meet the people behind sustainability tech companies in West Bengal. 39 of 79 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore West Bengal sustainability tech companies by sub-sector

The most common specialisations among sustainability tech companies in West Bengal. 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