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The Maharashtra edition · 2026

Virtual realitycompanies in Maharashtra

Headsets & hardware, VR software & studios, games & entertainment, education & training, virtual tours and more: the companies building virtual reality in Maharashtra, with their founders, funding, team size and business models.

Explore in Radar See the ranked list ↓
52 company profiles14 with reported revenue6 with recorded fundingOctober 2026 edition
Maharashtra · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent virtual reality business events in India

Funding, M&A, contract wins and launches involving 357 virtual reality companies in India, last 24 months: 1 funding round. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Apr 2026.

FundingSeed

Ctruh

Ctruh, the deep-tech company building the infrastructure layer for the spatial internet, has raised $2.5 Million in a Seed funding round led by Inflection Point Ventures. The round also…

Investors Inflection point ventures, Avinya Ventures, India accelerator, Founder's Avenue
Deep-tech

Virtual reality companies in Maharashtra, by funding and team

Few virtual reality companies in Maharashtra publish revenue, so this list compares what is on record instead: recorded equity funding, team size, revenue model, age and stage. The 50 companies below lead on recorded funding and team size among 52 active companies.

Showing 25 of 50

Manufacturer of mixed reality headset

Augmented reality
US$13.76mSeed · Jul 2025
147+5% 12 mo to Sep 2024LinkedIn · Jul 2026
Fee-for-service
12 yr2014
5postings · last posted Aug 2026

Provider of virtual reality solutions

Virtual reality
US$13.46mSeed · Jul 2019
30-14% 12 mo to Sep 2024LinkedIn · Jul 2026
Fee-for-service
9 yr2017
0none in 3 months

Provider of virtual reality and augmented reality engineering training modules

Higher education tech
US$6.88mSeed · Sep 2024
49+17% 12 mo to Sep 2024recorded Sep 2024
Subscription
21 yr2005
0none in 3 months

Developer of virtual reality hardware and software for enterprise solutions

Virtual reality
US$1.23mSeed · Jan 2025
28LinkedIn · Jul 2026
Subscription
9 yr2017
0none in 3 months · last posted Jul 2026

Provider of game-based learning courses

Hrtech
US$119kAngel · Dec 2011
8-43% vs previous recordLinkedIn · Jul 2026
Subscription
19 yr2007
0none in 3 months

Indoor skydiving adventure sport

Virtual reality
US$40kSeed · Aug 2016
—Not available
Fee-for-service
11 yr2015
0none in 3 months

Provider of advanced training simulators and VR-based simulation solutions for critical industries

Mining tech
—None recorded
133+57% 12 mo to Sep 2024LinkedIn · Jul 2026
Fee-for-service
24 yr2002
0none in 3 months · last posted May 2026

Provider of AR/VR based STEM education solutions

Hrtech
—None recorded
8+0% 12 mo to Sep 2024LinkedIn · Jul 2026
Fee-for-service
14 yr2012
0none in 3 months

XR studio offering immersive solutions

Virtual reality
—None recorded
5+0% 12 mo to Jul 2024LinkedIn · Jul 2026
Fee-for-service
9 yr2017
0none in 3 months

Developer of virtual reality and augmented reality applications for businesses

Virtual reality
—None recorded
2+0% vs previous recordLinkedIn · Jul 2026
Fee-for-service
9 yr2017
0none in 3 months

Provider of local sports radio programming and digital content

Virtual reality
—None recorded
32LinkedIn · Jul 2026
Fee-for-service
10 yr2016
0none in 3 months

VR and Aerial content studio

Virtual reality
—None recorded
20LinkedIn · Jul 2026
Fee-for-service
11 yr2015
0none in 3 months

Developer of VR solutions for multiple industries

Virtual reality
—None recorded
1LinkedIn · Jul 2026
Fee-for-service
10 yr2016
0none in 3 months

Virtual reality media production and technology startup

Virtual reality
—None recorded
1LinkedIn · Jul 2026
Subscription
11 yr2015
0none in 3 months

Developer of virtual and mixed reality software for anatomy education

Higher education tech
—None recorded
1LinkedIn · Jul 2026
Subscription
12 yr2014
0none in 3 months

Provider of a cricket training platform

Sports tech
—None recorded
4LinkedIn · Jul 2026
Subscription
4 yr2022
0none in 3 months

Manufacturer of VR welding and spray painting training simulators

Virtual reality
—None recorded
23LinkedIn · Jul 2026
Subscription
7 yr2019
0none in 3 months

Web-based application to create immersive virtual walkthroughs

Real estate it
—None recorded
—Not available
Advertising / E-commerce - service
9 yr2017
0none in 3 months

Application development company using 3D & VR

Virtual reality
—None recorded
4LinkedIn · Jul 2026
Fee-for-service
18 yr2008
0none in 3 months

SaaS-driven 3D virtual tour software for real estate professionals

Real estate it
—None recorded
18LinkedIn · Jul 2026
Commission on transaction / E-commerce - service
6 yr2020
0none in 3 months

Provider of an industrial metaverse platform

Augmented reality
—None recorded
6LinkedIn · Jul 2026
Subscription
1 yr2025
0none in 3 months

AR/VR educational app for teaching how to create apps

Augmented reality
—None recorded
—Not available
Subscription
7 yr2019
0none in 3 months

VR-based learning and training platform

Virtual reality
—None recorded
4LinkedIn · Jul 2026
Subscription
3 yr2023
0none in 3 months

Provider of immersive experiences for real estate projects

Virtual reality
—None recorded
—Not available
Fee-for-service
3 yr2023
—No postings tracked

VR Box Office

Virtual reality
—None recorded
—Not available
Subscription
10 yr2016
—No postings tracked
50 of 52 companies shown here · the full list is on Radar
Fliar Radar

Explore all 52 virtual reality companies in Maharashtra on Radar

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

Open virtual reality in Maharashtra on Radar
  • Every company, not just 50All 52 virtual reality companies in Maharashtra, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
  • Save and exportBuild lists, compare companies side by side and export them from your Radar account.

Explore virtual reality companies in Maharashtra by what you are looking for

Browse virtual reality companies in Maharashtra, from headset makers to VR software and studio teams. Find top virtual reality companies in India working on training, virtual tours, games and the metaverse.

9 ways to explore virtual reality in Maharashtra

VR headsets, smart glasses & hardwareVR software, apps & development studiosVR games, arcades & entertainmentVR education & training providersVirtual tour & real estate VR companiesMetaverse & virtual world platforms

VR headsets, smart glasses & hardware

Makers and distributors of headsets, displays and wearable AR/VR devices.

  1. QWR Interactive Solutions

    Developer of virtual reality hardware and software for enterprise solutions

    Virtual reality
    See in list
  2. AjnaLens

    Manufacturer of mixed reality headset

    Augmented reality
    See in list
  3. VR Box Office

    VR Box Office

    Virtual reality
    See in list
  4. Converge VR

    Virtual reality headset

    Virtual reality
    See in list
  5. Felix Inniovations

    VR and 3D headsets.

    Virtual reality
    See in list
6 companies in MaharashtraAll 69 wearable technology companies in Maharashtra →

VR software, apps & development studios

Studios and developers building virtual and augmented reality applications.

  1. Fore Excel

    Distributor of hardware and software solutions, including VR/AR/MR products

    Virtual reality
    See in list
  2. ProYuga

    Provider of virtual reality solutions

    Virtual reality
    See in list
  3. Simbott

    Manufacturer of VR welding and spray painting training simulators

    Virtual reality
    See in list
  4. IDA Business Solutions

    Provider of AR/VR based STEM education solutions

    Hrtech
    See in list
  5. Parallax

    Provider of local sports radio programming and digital content

    Virtual reality
    See in list
41 companies in MaharashtraAll 260 ar vr services companies in India →

VR games, arcades & entertainment

Game developers, VR arcades and entertainment experiences.

  1. ProYuga

    Provider of virtual reality solutions

    Virtual reality
    See in list
  2. Wefly Indoor Skydiving

    Indoor skydiving adventure sport

    Virtual reality
    See in list
  3. Elevare Sport

    Provider of a cricket training platform

    Sports tech
    See in list
  4. Zero Latency

    Operator of virtual reality gaming center offering multiplayer free-roam experiences

    Virtual reality
    See in list
  5. Pluto

    Online platform for building virtual characters

    Social platforms
    See in list
8 companies in MaharashtraAll 130 gaming tech companies in India →

VR education & training providers

Companies using VR for schools, skills, simulation and hiring.

  1. Tecknotrove Systems

    Provider of advanced training simulators and VR-based simulation solutions for critical industries

    Mining tech
    See in list
  2. Simbott

    Manufacturer of VR welding and spray painting training simulators

    Virtual reality
    See in list
  3. IDA Business Solutions

    Provider of AR/VR based STEM education solutions

    Hrtech
    See in list
  4. Deftxr

    Developer of virtual and mixed reality software for anatomy education

    Higher education tech
    See in list
  5. Indusgeeks

    Provider of game-based learning courses

    Hrtech
    See in list
11 companies in MaharashtraAll 545 k-12 edtech companies in Maharashtra →

Virtual tour & real estate VR companies

Tools and services for 3D walkthroughs and property visualisation.

  1. VirtualHomes

    SaaS-driven 3D virtual tour software for real estate professionals

    Real estate it
    See in list
  2. Quark Exp

    Developer of VR solutions for multiple industries

    Virtual reality
    See in list
  3. VR-Magic

    Web-based application to create immersive virtual walkthroughs

    Real estate it
    See in list
  4. YoPano

    Online virtual tours creation software and hosting services

    Virtual reality
    See in list
  5. WalkInto

    Tool to create virtual tours

    Virtual reality
    See in list
7 companies in MaharashtraAll 64 real estate it companies in Maharashtra →

Metaverse & virtual world platforms

Platforms for building social virtual worlds and characters.

  1. Pluto

    Online platform for building virtual characters

    Social platforms
    See in list
  2. Vorlds

    Provider of a metaverse platform for building virtual worlds

    Virtual reality
    See in list
  3. Cognac

    Virtual world on the metaverse

    Metaverse
    See in list
  4. metavolf

    A virtual constructions company in the Metaverse.

    Metaverse
    See in list
  5. BharatVerse

    Horizontal metaverse platform

    Virtual reality
    See in list
6 companies in MaharashtraAll 41 metaverse companies in India →

Industrial & enterprise VR solutions

VR for factories, mining, marketing and enterprise analytics.

  1. Tecknotrove Systems

    Provider of advanced training simulators and VR-based simulation solutions for critical industries

    Mining tech
    See in list
  2. SenzIT

    AI-based business intelligence platform

    Big data analytics
    See in list
  3. ShopperTainment

    Shoppertainment LLP

    Virtual reality
    See in list
  4. toiot technologies

    Virtual Reality and Online Marketing

    Virtual reality
    See in list
  5. Simbott

    Manufacturer of VR welding and spray painting training simulators

    Virtual reality
    See in list
12 companies in MaharashtraAll 145 manufacturing tech companies in Maharashtra →

Virtual reality startups in Maharashtra

Newer VR companies founded in the last few years.

  1. Elevare Sport

    Provider of a cricket training platform

    Sports tech
    See in list
  2. MachineXVerse.AI

    Provider of an industrial metaverse platform

    Augmented reality
    See in list
  3. INOVR

    VR-based learning and training platform

    Virtual reality
    See in list
  4. Qubit

    Provider of immersive experiences for real estate projects

    Virtual reality
    See in list
  5. Immersafety

    Provider of virtual reality safety training modules

    Virtual reality
    See in list
10 companies in Maharashtra

Virtual reality companies hiring in Maharashtra

VR companies in Maharashtra currently recruiting.

  1. Fore Excel

    Distributor of hardware and software solutions, including VR/AR/MR products

    Virtual reality
    See in list
  2. Tecknotrove Systems

    Provider of advanced training simulators and VR-based simulation solutions for critical industries

    Mining tech
    See in list
  3. QWR Interactive Solutions

    Developer of virtual reality hardware and software for enterprise solutions

    Virtual reality
    See in list
  4. AjnaLens

    Manufacturer of mixed reality headset

    Augmented reality
    See in list
4 companies in Maharashtra
The business behind the activity

Virtual reality financials in Maharashtra

Revenue, profit and growth from the filed annual accounts of 13 virtual reality companies in Maharashtra for FY24-25 — 19 of the 52 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 94% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹201.69 cr

13 companies filing accounts

combined net profit₹12.50 cr

6.2% aggregate margin

are profitable54%

7 of 13 companies

median revenue~₹3.2 cr

the typical company

median revenue growth+7%

into FY24-25

earned by the top five94%

revenue concentration

Six-year view

Combined revenue of filing companies

₹25.59 crFY19-2013 filers
₹43.51 crFY20-2112 filers
₹93.74 crFY21-2214 filers
₹106.16 crFY22-2315 filers
₹176.69 crFY23-2414 filers
₹201.69 crFY24-2513 filers

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

Like-for-like

The same 11 companies over three years

+96%
FY22-23₹101.43 cr−₹2.28 cr net
FY23-24₹171.96 cr₹5.61 cr net
FY24-25₹198.52 cr₹13.19 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 cr40% profitable
₹1–10 cr475% profitable
₹10–100 cr580% profitable
₹100–1,000 cr0—
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

Shrinking4
0–20%3
20–50%3
50–100%2
Doubled+0

12 companies with accounts for both years; median growth +7%.

Profitability

Profit is concentrated at the top

7profitable
6loss-making
6.2%aggregate margin
2.1%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
QWR Interactive SolutionsQWR INTERACTIVE SOLUTIONS PRIVATE LIMITED+60%₹13.37 cr
Fore ExcelFore Excel Private Limited
Tecknotrove SystemsTECKNOTROVE SYSTEMS (INDIA ) PRIVATE LIMITED+8%₹66.85 cr
ProYugaProyuga Advanced Technologies Limited+3%₹13.85 cr
AjnaLensDIMENSION NXG PRIVATE LIMITED-19%₹12.89 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
ProYugaProyuga Advanced Technologies Limited27.4%₹13.85 cr
QWR Interactive SolutionsQWR INTERACTIVE SOLUTIONS PRIVATE LIMITED15.6%₹13.37 cr
Tecknotrove SystemsTECKNOTROVE SYSTEMS (INDIA ) PRIVATE LIMITED14.5%₹66.85 cr
Fore ExcelFore Excel Private Limited
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Virtual reality6₹116.01 cr~₹8.3 cr67%6.2%
Leaders

Largest virtual reality companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Fore ExcelFore Excel Private Limited
Tecknotrove SystemsTECKNOTROVE SYSTEMS (INDIA ) PRIVATE LIMITED₹66.85 cr₹9.69 cr14.5%+8%
ProYugaProyuga Advanced Technologies Limited₹13.85 cr₹3.79 cr27.4%+3%
QWR Interactive SolutionsQWR INTERACTIVE SOLUTIONS PRIVATE LIMITED₹13.37 cr₹2.08 cr15.6%+60%
AjnaLensDIMENSION NXG PRIVATE LIMITED₹12.89 cr−₹4.88 cr-37.8%-19%
IDA Business SolutionsIda Business Solutions Private Limited₹3.27 cr₹82.71 lakh25.3%+28%
ParallaxPARALLAX LABS PRIVATE LIMITED₹3.16 cr−₹61.74 lakh-19.5%—
ComXRXREALITY SOLUTIONS PRIVATE LIMITED₹2.85 cr₹23.36 lakh8.2%+69%
VirtualHomesVERTICON TECHNOLOGIES PRIVATE LIMITED₹2.63 cr₹16.49 lakh6.3%+35%
DeftxrSATTVARISE TECHNOLOGIES PRIVATE LIMITED₹2.68 lakh−₹29.40 lakh-1096.5%-87%
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.

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

Virtual reality funding and M&A across India

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

equity rounds, last 12 months2

US$2.61m

equity rounds, last 24 months5

US$9.27m

raised over five yearsUS$68.03m

69 rounds in India

M&A deals, India0

last 24 months

Capital by year

Equity funding into virtual reality in India

amount rounds
$25m201823
$15m201914
$13m202015
$27m202123
$16m202218
$12m202316
$3.8m20247
$6.7m20253
$2.6m20262

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$27.26m across 23 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$525k6 rounds · median US$63k
SeedUS$38.55m47 rounds · median US$574k
Series AUS$28.95m16 rounds · median US$1.93m
Where the money went · five years

Most-funded sub-sectors

Virtual realityUS$26.78m26 rounds · 15 companies
Augmented realityUS$19.38m17 rounds · 5 companies
Higher education techUS$6.48m2 rounds · 1 companies
K-12 edtechUS$5.92m3 rounds · 1 companies
Construction techUS$3.23m6 rounds · 1 companies
Pc & console gamingUS$1.83m2 rounds · 2 companies
MetaverseUS$1.23m4 rounds · 3 companies
Corporate activity · last 24 months

M&A in India

Most active acquirers

    Most acquired or merged

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

      Virtual reality funding in Maharashtra

      6 virtual reality companies in Maharashtra have recorded equity funding, US$35.49m in total. Totals and round dates describe the historical record; they are not current valuations.

      Founders and momentum in Maharashtra

      Meet the people behind virtual reality companies in Maharashtra. 35 of 52 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

      Explore Maharashtra virtual reality companies by sub-sector

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

      Keep exploring virtual reality in India and nearby markets.

      Coming soon