Company lists
The India edition · 2026

Traditional conglomeratescompanies in India

Diversified groups, industrial, real estate & infrastructure, services & consulting, food & consumer and more: the companies building traditional conglomerates in India, with their founders, funding, team size and business models.

917 company profiles405 with reported revenue7 with recorded fundingSeptember 2026 edition
India · Photo: Wikimedia Commons (CC BY-SA 4.0)

Recent traditional conglomerates business events in India

Funding, M&A, contract wins and launches involving 1,000 traditional conglomerates companies in India, last 24 months: 190 M&A deals · 190 Contracts · 39 funding rounds · 20 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

M&AAcquisition · Completed

Creative group acquires Yogosha

This company is involved in intertwining tests (pentests), security audits, bug bounty and identification of computer vulnerabilities. It was bought by Creative Group at the court's helm…

Cybersecurity
FundingFinancing

Avaada group

Renewable energy company Avaada Group has secured $950 million in financing from a consortium of global and domestic banks for renewable energy projects in India.

Renewable energy
ContractService

Asml · client: Tata electronics

Tata Electronics signed a landmark Memorandum of Understanding with ASML, the world’s most critical supplier of advanced lithography systems that underpin modern semiconductor manufacturing.

Semiconductor
FundingProject Investment

Tata electronics

The agreement is central to Tata Electronics' proposed semiconductor fabrication facility in Dholera, Gujarat, envisioned as part of India's first greenfield semiconductor city. With an…

Investors Tata, Powerchip
Semiconductor
M&AAcquisition · Announced

Aditya birla group acquires Sprng energy

According to sources to Manicontrol, after collecting binding bids, Aditya Birla Group, led by Kumar Mangalum Birla, has taken the lead in the race to buy Indian Renewable Energy…

Renewable Energy
M&AAcquisition · Announced

Vibrant global capital acquires Private Reserve Capital Private Limited

Vibrant Global Capital Limited has approved a ₹60 million cash acquisition of an equity stake in Private Reserve Capital Private Limited.

Financial consultancy
M&AAcquisition · Announced

Srei acquires Picton Property Income

There is not yet an actual bid for PCTN. LMP/SREI still screwing us around - talk of a bid, a provisional bid but no actual bid.

Real Estate Investment Trust
ContractService

DENTSU INDIA · client: Tata group

DENTSU INDIA has secured the integrated media mandate for the Indian Premier League campaigns of multiple Tata Group companies, including Tata Motors, Voltas, TATA AIG, CaratLane, and…

Media
M&AAcquisition · Completed

Itc acquires Mother Sparsh

ITC increased its stake in Mother Sparsh to 49.32% after acquiring an additional stake in the baby and personal care brand for Rs 30 crore.

Ayurvedic and natural personal care
M&AAcquisition · Rumored

Aditya birla group acquires Crompton greaves consumer electricals

The Aditya Birla Group is among the parties in contention to acquire a majority stake in Crompton Greaves Consumer Electricals Limited, CNBC-TV18 reported on May 15, in what would…

Consumer Electricals
M&AAcquisition · Announced

Tvs group acquires Jana small finance bank

the TVS Group is set to acquire a 9.99% stake in Jana Small Finance Bank through a preferential allotment, marking a significant strategic investment in the small finance banking space.

Banking
ContractInfrastructure

Larsen & toubro · client: Coal India Limited and Bharat Heavy Electricals Limited Joint Venture

Infrastructure major Larsen & Toubro (L&T) on Tuesday said it has bagged an order valued between ₹2,500 crore to ₹5,000 crore from the joint venture of state-owned Coal India Limited and…

Energy and Chemicals
ContractService

Larsen & toubro · client: Bharat Coal Gasification and Chemicals Ltd (BCGCL)

Engineering and construction major Larsen & Toubro (L&T) has secured a large order in the range of ₹2,500 crore to ₹5,000 crore for a key energy transition project in Odisha...

Hydrocarbon, Process Industries, Energy Transition
ContractService

Dentsu · client: Tata group

The Tata Group has awarded its consolidated Indian Premier League (IPL) media mandate, estimated to be in the range of ₹180–220 crore, to Dentsu

Media & Marketing
ContractOutsourcing

Doordash · client: Empire

Empire partners with DoorDashThe delivery company has signed a deal to bring 12 of the retailer’s banners onto its network, including Sobeys, Safeway, IGA, FreshCo, Farm Boy and Longo’s.

Retail
ContractSupply

United drilling tools · client: Vedanta Limited

United Drilling Tools Limited has received a domestic order from Vedanta Limited for supplying tubing, pup joints, crossovers, and related accessories.

Oil & Gas
FundingPreferential issue of convertible warrants

Steel exchange india

Steel Exchange India Limited has received an aggregate amount of ₹75 Crore from M/s India Coke and Power Private Limited and M/s IMR Steel Private Limited towards subscription of…

Investors M/s India Coke and Power Private Limited, M/s IMR Steel Private Limited
Steel manufacturing
FundingExternal commercial borrowing

Vedanta Limited

Vedanta Limited on Friday said it has secured a $125 million external commercial borrowing deal, but the agreement comes with strict conditions, including a restriction on diluting its…

Investors JPMorgan Chase Bank N.A.
M&AAcquisition · Completed

Adani enterprises acquires Jaiprakash Associates

The National Company Law Tribunal (NCLT) has approved the acquisition of Jaiprakash Associates Ltd (JAL) by Adani Enterprises, clearing the way for one of the most high-profile…

Conglomerate
FundingFresh equity

Tata electronics

The Tata Group has infused ₹1,500 crore in fresh equity into Tata Electronics, its flagship iPhone contract manufacturing subsidiary, as the conglomerate accelerates its push to become a…

Investors Tata group
Contract manufacturing
LaunchAluminium cylinder head alloy

Vedanta

Vedanta, one of India’s leading producers of metals and oil and gas, today had the formal launch of its newest product -- aluminium cylinder head alloy, a critical raw material for…

Aluminium alloy – cylinder head material
M&AAcquisition · Rumored

VEDANTA GROUP acquires JAL

The decision was challenged by the Vedanta Group, which put a bid of Rs 17,926 crore, in the appellate tribunal NCLAT.

M&AAcquisition · Announced

Empire acquires Groupe Mayrand Alimentaire

Empire announced Thursday that it had 'concluded an agreement to acquire' the Quebec retailer.

Retail
M&AAcquisition · Pending

Empire acquires Mayrand Food Group Inc.

Empire Co. Ltd. says it is moving to acquire Québec-based food retailer Mayrand Food Group Inc.

M&AAcquisition · Announced

NR Group acquires Satvik

Cycle Pure Agarbathi maker NR Group has acquired a majority stake in puja accessories brand Satvik, marking a strategic push to deepen its presence in the fast-growing devotional…

ContractSupply

Marine electricals · client: Larsen and Toubro

Marine Electricals (India) has secured orders worth Rs 1.15 billion from Larsen and Toubro for work related to a semiconductor manufacturing facility in Dholera.

Semiconductor manufacturing
M&AAcquisition · Announced

Adani enterprises acquires Jay Prakash Associates

NCLT for this company undergoing the bankrupt process had sanctioned the resolution plan of ₹14,500 CRORE of ADANI ENTERPRISES.

Traditional conglomerates companies in India, by revenue

Browse traditional conglomerates companies in India 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 405 traditional conglomerates companies in India 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

Diversified conglomerate operating across multiple industries

Traditional conglomerates
₹415,734.41 crFY 2022-23
Not reported
223-99% 12 mo to Aug 2024recorded Aug 2024
158 yr1868
1postings · last posted Aug 2026

Provider of engineering and automation solutions for multiple industries

Traditional conglomerates
₹225,270.94 crFY 2023-24
Not reported
45,939-11% 12 mo to Oct 2023recorded Oct 2023
80 yr1946
0none in 3 months

Conglomerate active in mining, metal refining and power generation

Traditional conglomerates
₹146,277.00 crFY 2023-24
Not reported
15,723-12% 12 mo to Mar 2024LinkedIn · Jul 2026
47 yr1979
0none in 3 months

Diversified conglomerate operating across multiple industries

Non- renewable power generation
₹138,175.12 crFY 2022-23
Not reported
21,545+7% 12 mo to Jun 2024LinkedIn · Jul 2026
38 yr1988
0none in 3 months

Developer of solar energy projects

Traditional conglomerates
₹98,281.51 crFY 2023-24
Not reported
3,930+8% 12 mo to Sep 2024LinkedIn · Jul 2026
33 yr1993
92postings · last posted Sep 2026

Manufactures packaged food, processed food and confectionery products.

Traditional conglomerates
₹79,568.33 crFY 2023-24
Not reported
10,286-12% 12 mo to Jun 2024recorded Jun 2024
116 yr1910
—No postings tracked

Diversified conglomerates operates across multiple industries

Traditional conglomerates
₹48,372.90 crFY 2023-24
Not reported
1,336recorded
33 yr1993
—No postings tracked

Diversified conglomerate operating across multiple industries

Traditional conglomerates
₹16,239.41 crFY 2023-24
Not reported
2,814-17% 12 mo to Sep 2023LinkedIn · Jul 2026
68 yr1958
0none in 3 months

Traditional conglomerate with a diverse business portfolio

Household durables
₹14,818.38 crFY 2022-23
Not reported
1,365-1% 12 mo to Nov 2023recorded Nov 2023
129 yr1897
0none in 3 months

Retail chain of premium lifestyle apparels

Retail chains
₹14,233.44 crFY 2023-24
Not reported
14,626-5% 12 mo to Mar 2024LinkedIn · Jul 2026
29 yr1997
0none in 3 months

Importer of gold and bullion, specializing in precious jewelry items

Traditional conglomerates
₹14,126.57 crFY 2024-25
-16%2024–2025
32LinkedIn · Jul 2026
46 yr1980
0none in 3 months

Manufacturer of ayurvedic medicine and natural consumer products

Alternative medicine products
₹11,975.28 crFY 2022-23
Not reported
10,720+1% 12 mo to Mar 2024LinkedIn · Jul 2026
142 yr1884
1postings · last posted Aug 2026

Diversified conglomerate operating across multiple industries

Traditional conglomerates
₹11,975.00 crFY 2022-23
Not reported
12,148+8% 12 mo to Jan 2024LinkedIn · Jul 2026
139 yr1887
0none in 3 months

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

Manufacturing services
₹10,880.10 crFY 2024-25
+10%2024–2025
41,463-6% 12 mo to Nov 2023LinkedIn · Jul 2026
14 yr2012
1postings · last posted Jul 2026

Manufacturing company focused on jute goods & cement

Traditional conglomerates
₹9,748.29 crFY 2023-24
Not reported
1+0% 12 mo to Sep 2024recorded Sep 2024
107 yr1919
0none in 3 months

Fast moving consumer goods diversified conglomerate

Traditional conglomerates
₹6,769.93 crFY 2022-23
Not reported
2,258+2% 12 mo to May 2024recorded May 2024
38 yr1988
—No postings tracked

Diversified conglomerate firm operating across multiple sectors

Traditional conglomerates
₹6,866.59 crFY 2023-24
Not reported
3+0% 12 mo to Jun 2024recorded Jun 2024
36 yr1990
0none in 3 months · last posted Jun 2026

Diversified conglomerate operating across multiple sectors

Traditional conglomerates
₹5,285.67 crFY 2022-23
Not reported
692+10% 12 mo to Jul 2024LinkedIn · Jul 2026
112 yr1914
0none in 3 months

Diversified conglomerate operating across multiple industries

Traditional conglomerates
₹4,675.16 crFY 2022-23
Not reported
1,337-7% 12 mo to Sep 2024recorded Sep 2024
66 yr1960
1postings · last posted Sep 2026

Diversified conglomerate operating across multiple industries

Traditional conglomerates
₹4,796.12 crFY 2023-24
+32%2023–2024
295LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Manufacturer of adhesives, abrasives, and other advanced materials. It develops and produces a wide array of products for diverse industries, including automotive, healthcare, electronics, and consumer markets. These products encompass a broad spectrum of applications, from bonding and assembly solutions to personal protective equipment and filtration systems. The company's focus is on scientific innovation to create solutions for various industrial and consumer needs. Its offerings are designed for efficiency and performance across multiple sectors.

Traditional conglomerates
₹4,515.82 crFY 2024-25
+6%2024–2025
114-4% 12 mo to Aug 2024LinkedIn · Jul 2026
39 yr1987
13postings · last posted Sep 2026

Group of company focused on multiple industries

Traditional conglomerates
₹4,403.50 crFY 2023-24
Not reported
510+56% 12 mo to Nov 2023LinkedIn · Jul 2026
74 yr1952
0none in 3 months

Operates retail stores fashion apparel

Traditional conglomerates
₹4,292.86 crFY 2023-24
Not reported
5,020+12% 12 mo to Sep 2024LinkedIn · Jul 2026
95 yr1931
1postings · last posted Sep 2026

Diversified conglomerate operating across multiple industries

Traditional conglomerates
₹4,233.97 crFY 2023-24
Not reported
220-2% 12 mo to Oct 2023LinkedIn · Jul 2026
42 yr1984
0none in 3 months · last posted Jun 2026

Diversified conglomerates operates across multiple industries

Manufacturing services
₹3,955.03 crFY 2023-24
Not reported
434LinkedIn · Jul 2026
54 yr1972
0none in 3 months
50 of 917 companies shown here · the full list is on Radar
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Explore all 917 traditional conglomerates companies in India on Radar

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

Open traditional conglomerates in India on Radar
  • Every company, not just 50All 917 traditional conglomerates companies in India, filterable by stage, funding, team size, revenue model and age.
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Explore traditional conglomerates companies in India by what you are looking for

Browse top traditional conglomerates in India and conglomerate examples in India, from industrial groups to family business houses. You can also find traditional conglomerate startups and listed groups.

9 ways to explore traditional conglomerates in India

Diversified business groups & conglomeratesIndustrial, manufacturing & metals groupsReal estate, infrastructure & energy groupsConsulting, IT & financial services groupsFood, retail & consumer groupsWaste, water & recycling groups

Diversified business groups & conglomerates

Large Indian groups operating across many industries.

  1. Tata

    Diversified conglomerate operating across multiple industries

    Traditional conglomerates
    See in list
  2. Vedanta

    Conglomerate active in mining, metal refining and power generation

    Traditional conglomerates
    See in list
  3. Adani Enterprises

    Developer of solar energy projects

    Traditional conglomerates
    See in list
  4. ITC

    Manufactures packaged food, processed food and confectionery products.

    Traditional conglomerates
    See in list
  5. Godrej

    Traditional conglomerate with a diverse business portfolio

    Household durables
    See in list

Industrial, manufacturing & metals groups

Conglomerates in manufacturing, metals, mining, chemicals and textiles.

  1. Nava Limited

    Diversified conglomerates operates across multiple industries

    Manufacturing services
    See in list
  2. Greaves Cotton

    Manufacturer of cleantech powertrain solutions, generator sets, and farm equipment products

    Manufacturing services
    See in list
  3. DCM Shriram Industries

    Manufacturer of sugar, alcohol, fine chemicals, industrial fibers, defense, and engineering products

    Traditional conglomerates
    See in list
  4. SEIL

    Manufacturer and supplier of steel products

    Manufacturing services
    See in list
  5. Dodhia Group

    Manufacturer of yarn and textile chemicals with a focus on domestic market

    Traditional conglomerates
    Website

Real estate, infrastructure & energy groups

Conglomerates active in property, construction, power and utilities.

  1. Adani Group

    Diversified conglomerate operating across multiple industries

    Non- renewable power generation
    See in list
  2. Lanco Infratech

    Multinational conglomerate with diverse interests in industries such as heavy equipment, construction, and power generation

    Traditional conglomerates
    Website
  3. Avaada Group

    Renewable energy company specializing in solar, wind, green fuels, and energy storage solutions

    Traditional conglomerates
    See in list
  4. Aska Equipments

    Provider of mobile lightening and fire extinguisher equipment services

    Industrial safety
    Website
  5. GeeCee Ventures

    Developer of residential and commercial properties, providing contemporary living and workspaces

    Traditional conglomerates
    Website

Consulting, IT & financial services groups

Business groups offering consulting, IT, marketing and investment services.

  1. L&T Technology Services

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

    Manufacturing services
    See in list
  2. Inductus' GCC

    Business conglomerate designing and delivering various services and solutions to corporations

    Management consulting services
    Website
  3. Aavishkaar Group

    Provider of financial services

    Microfinance
    Website
  4. Yogya Group

    Provider of IT service suite solutions, domain registration, stock brokerage and digital marketing services

    Services for investment industry
    Website
  5. Diligent Industries

    Provider of stock management and financial services

    Traditional conglomerates
    Website

Food, retail & consumer groups

Conglomerates with dairy, food processing, retail and apparel businesses.

  1. ABFRL

    Retail chain of premium lifestyle apparels

    Retail chains
    See in list
  2. KM Knitwear

    Fully integrated apparel manufacturer offering end-to-end textile solutions

    Contract manufacturers
    Website
  3. Nahar PolyFilms

    Manufacturer of BOPP and specialty films for flexible packaging. It produces biaxially oriented polypropylene films (BOPP), metallized films, and films with barrier properties. These films are used in various packaging applications, including food and beverage packaging. The company also offers value-added services such as metallization and in-line coating. Its manufacturing processes incorporate environmentally conscious practices.

    Contract manufacturers
    Website
  4. Urmin Group

    Manufacturer of food and beverage products and operator of hospitality services

    Traditional conglomerates
    Website
  5. Kapsons

    Retailer of fashion & lifestyle products

    Traditional conglomerates
    Website

Waste, water & recycling groups

Groups with waste management, recycling and water businesses.

  1. Pashupati Group

    Provider of waste plastic recycling and environmental services

    Waste & water management
    Website
  2. The Watercraft Group

    Provider of water management, construction, and industrial erection services

    Waste & water management
    Website
  3. Mahavir Group

    Diversified conglomerate with business interests in ship recycling, mild steel manufacturing, and motorcycle dealership, among others

    Traditional conglomerates
    Website
  4. GInd

    Diversified conglomerates operates across multiple industries

    Waste & water management
    Website
  5. Shree Hari Group

    Diversified indian conglomerate offering an integrated portfolio of services

    Solar energy
    Website
7 companies in India

Traditional conglomerate startups in India

Recently founded traditional conglomerate companies in India.

  1. Aakshya Infra Projects

    Developer of infrastructure, real estate, manufacturing facilities, and media content

    Traditional conglomerates
    Website
  2. Vananam

    Diversified conglomerate operating across multiple industries

    Traditional conglomerates
    Website
  3. AK Jain India

    Distributor of FMCG products, electronics, and polymers

    Traditional conglomerates
    Website
  4. Yashoda Spirits

    A conglomerate operating in the healthcare and hospitality industries, with a presence in hospitals, hotels, and other related businesses

    Traditional conglomerates
    Website
  5. Kalahridhaan

    Internet first brand of multi category casual wear for women and men

    Traditional conglomerates
    Website
42 companies in India

Traditional conglomerates hiring in India

Traditional conglomerates in India with open jobs right now.

  1. Tata

    Diversified conglomerate operating across multiple industries

    Traditional conglomerates
    See in list
  2. Adani Enterprises

    Developer of solar energy projects

    Traditional conglomerates
    See in list
  3. Dabur

    Manufacturer of ayurvedic medicine and natural consumer products

    Alternative medicine products
    See in list
  4. L&T Technology Services

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

    Manufacturing services
    See in list
  5. 3M India

    Manufacturer of adhesives, abrasives, and other advanced materials. It develops and produces a wide array of products for diverse industries, including automotive, healthcare, electronics, and consumer markets. These products encompass a broad spectrum of applications, from bonding and assembly solutions to personal protective equipment and filtration systems. The company's focus is on scientific innovation to create solutions for various industrial and consumer needs. Its offerings are designed for efficiency and performance across multiple sectors.

    Traditional conglomerates
    See in list
16 companies in India

Listed traditional conglomerates in India

Publicly listed traditional conglomerates and business groups.

  1. Vedanta

    Conglomerate active in mining, metal refining and power generation

    Traditional conglomerates
    See in list
  2. Adani Group

    Diversified conglomerate operating across multiple industries

    Non- renewable power generation
    See in list
  3. ITC

    Manufactures packaged food, processed food and confectionery products.

    Traditional conglomerates
    See in list
  4. ABFRL

    Retail chain of premium lifestyle apparels

    Retail chains
    See in list
  5. Dabur

    Manufacturer of ayurvedic medicine and natural consumer products

    Alternative medicine products
    See in list
61 companies in India
Mobile reach

Top 10 traditional conglomerates apps from India

The most-installed Android apps published by traditional conglomerates companies headquartered in India — 10.2M installs between them. 49 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
2

Mangaldeep Pujas, Bhajans, Man

by ITC

Installs2.0M
Rating4.147K ratings
Last updatedNov 2025
View on Google Play ↗
Mangaldeep Pujas, Bhajans, Man screenshot 1Mangaldeep Pujas, Bhajans, Man screenshot 2Mangaldeep Pujas, Bhajans, Man screenshot 3Mangaldeep Pujas, Bhajans, Man screenshot 4Mangaldeep Pujas, Bhajans, Man screenshot 5Mangaldeep Pujas, Bhajans, Man screenshot 6
3

Pacific Malls

by Pacific India

Installs426K
Rating—
Installs, year on year+500%
Last updatedJun 2026
View on Google Play ↗
Pacific Malls screenshot 1Pacific Malls screenshot 2Pacific Malls screenshot 3Pacific Malls screenshot 4Pacific Malls screenshot 5Pacific Malls screenshot 6
4

SeeThru

by Godrej

Installs158K
Rating4.0614 ratings
Last updatedNov 2025
View on Google Play ↗
SeeThru screenshot 1SeeThru screenshot 2SeeThru screenshot 3SeeThru screenshot 4SeeThru screenshot 5SeeThru screenshot 6
6

APAR E-Power (For Electrician)

by APAR

Installs131K
Rating—
Last updatedDec 2025
View on Google Play ↗
APAR E-Power (For Electrician) screenshot 1APAR E-Power (For Electrician) screenshot 2APAR E-Power (For Electrician) screenshot 3
8

FasterWins

by SAR

Installs64K
Rating—
Last updatedMay 2026
View on Google Play ↗
FasterWins screenshot 1FasterWins screenshot 2FasterWins screenshot 3FasterWins screenshot 4FasterWins screenshot 5
9

Poornata

by Aditya Birla

Installs63K
Rating—
Last updatedMay 2026
View on Google Play ↗
Poornata screenshot 1Poornata screenshot 2Poornata screenshot 3Poornata screenshot 4Poornata screenshot 5Poornata screenshot 6
The business behind the activity

Traditional conglomerates financials in India

Revenue, profit and growth from the filed annual accounts of 304 traditional conglomerates companies in India for FY24-25 — 367 of the 917 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 65% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹402,093.16 cr

304 companies filing accounts

combined net profit₹64,362.51 cr

16.0% aggregate margin

are profitable83%

251 of 304 companies

median revenue~₹77.0 cr

the typical company

median revenue growth+6%

into FY24-25

earned by the top five65%

revenue concentration

Six-year view

Combined revenue of filing companies

₹195,929.60 crFY19-20294 filers
₹226,383.36 crFY20-21305 filers
₹307,783.52 crFY21-22313 filers
₹360,024.93 crFY22-23315 filers
₹500,570.26 crFY23-24327 filers
₹402,093.16 crFY24-25304 filers

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

Like-for-like

The same 281 companies over three years

+13%
FY22-23₹340,528.28 cr₹49,699.62 cr net
FY23-24₹336,826.30 cr₹37,713.68 cr net
FY24-25₹385,881.33 cr₹63,773.59 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 cr2433% profitable
₹1–10 cr3479% profitable
₹10–100 cr10682% profitable
₹100–1,000 cr10492% profitable
Over ₹1,000 cr3692% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking104
0–20%119
20–50%44
50–100%14
Doubled+18

299 companies with accounts for both years; median growth +6%.

Profitability

Profit is concentrated at the top

251profitable
53loss-making
16.0%aggregate margin
2.5%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
Lohia GroupLOHIA TRADE SERVICES PRIVATE LIMITED+388%₹78.42 cr
BGR TechBGR TECH LIMITED+379%
Somaiya GroupSOMAIYA AGENCIES PRIVATE LIMITED+250%₹23.34 cr
ORNET GroupORNET BEAUTY PRIVATE LIMITED+184%₹11.48 cr
Gurushree GroupGURUSHREE INDUSTRIES PRIVATE LIMITED+175%₹231.44 cr
Vikram Tele InfraVIKRAM TELEINFRA PRIVATE LIMITED+162%₹25.09 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Avantha HoldingsAVANTHA HOLDINGS LIMITED160.5%
GVKGVK EMERGENCY MANAGEMENT AND RESEARCH INSTITUTE HYDERABAD91.6%₹164.06 cr
S.K. Bangur GroupSHREE SATYANARAYAN INVESTMENTS COMPANY LIMITED
Lohia GroupLOHIA TRADE SERVICES PRIVATE LIMITED60.5%₹78.42 cr
Somaiya GroupSOMAIYA AGENCIES PRIVATE LIMITED59.2%₹23.34 cr
Modern IndiaMODERN INDIA LIMITED58.2%₹413.16 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Traditional conglomerates276₹367,517.94 cr~₹71.1 cr82%16.6%
Manufacturing services5₹14,742.01 cr~₹1,800.2 cr100%12.6%
Leaders

Largest traditional conglomerates companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
VedantaVEDANTA LIMITED₹85,802.00 cr₹17,928.00 cr20.9%+12%
ITCItc Limited₹77,690.38 cr₹35,195.61 cr45.3%+10%
Malabar GroupMALABAR GOLD AND DIAMONDS LIMITED₹66,749.20 cr₹801.10 cr1.2%+39%
RSBLRIDDISIDDHI BULLIONS LIMITED
M.D. OverseasM D OVERSEAS PRIVATE LIMITED₹14,128.48 cr₹299.77 cr2.1%-16%
L&T Technology ServicesL&T TECHNOLOGY SERVICES LIMITED₹9,744.30 cr₹1,220.90 cr12.5%+10%
DaburDabur India Limited₹9,522.65 cr₹1,403.22 cr14.7%-0%
WelspunWelspun India Limited5.8%
Trident GroupTRIDENT LIMITED₹7,025.30 cr₹366.83 cr5.2%+3%
ABFRLADITYA BIRLA FASHION AND RETAIL LIMITED₹5,807.07 cr−₹127.53 cr-2.2%+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

Accounting and Tax Software Industry Landscape of India

The financials above are one chapter. The full traditional conglomerates landscape of India 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 traditional conglomerates landscape of India
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

Traditional conglomerates funding and M&A across India

22 recorded equity rounds have gone to 1,000 traditional conglomerates companies in India — how much, at which stage, into which sub-sectors, from whom, and how India compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months1

US$1.93m

equity rounds, last 24 months3

US$38.45m

raised over five yearsUS$749.20m

5 rounds in India

M&A deals, India190

last 24 months

Capital by year

Equity funding into traditional conglomerates in India

amount rounds
$31m20181
$161m20193
$10m20202
$478m20211
$233m20231
$36m20241
$2.5m20252

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$477.75m across 1 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$2.50m2 rounds · median US$1.25m
Series AUS$746.70m3 rounds · median US$233.00m
Where the money went · five years

Most-funded sub-sectors

Traditional conglomeratesUS$713.24m4 rounds · 2 companies
Waste & water managementUS$35.95m1 rounds · 1 companies
Corporate activity · last 24 months

M&A in India

172Acquisition
15Merger
2Takeover

Most active acquirers

  1. Adani enterprises25
  2. Itc23
  3. Vedanta21
  4. Tata electronics19
  5. VEDANTA GROUP13

Most acquired or merged

  1. Jaiprakash Associates14
  2. JAL5
  3. Jay Prakash Associates5
  4. Adani enterprises5
  5. Jaiprakash power ventures3

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

Traditional conglomerates funding in India

7 traditional conglomerates companies in India have recorded equity funding, US$996.76m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in India

Meet the people behind traditional conglomerates companies in India. 300 of 917 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore India traditional conglomerates companies by sub-sector

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

Keep exploring traditional conglomerates in India and nearby markets.

Coming soon