Company lists
The Surat edition · 2026

Startupcompanies in Surat

IT & software, fashion & apparel, jewellery, textiles, marketing and more: the companies building startup in Surat, Gujarat, with their founders, funding, team size and business models.

2,248 company profiles382 with reported revenue55 with recorded fundingSeptember 2026 edition
Surat · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent startup business events in Surat

Funding, M&A, contract wins and launches involving 3,939 startups in Surat, last 24 months: 93 Contracts · 21 funding rounds · 17 M&A deals · 3 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: May 2026.

M&AAcquisition · Announced

Anupam Rasayan India acquires Bliss gvs pharma

New Delhi, Specialty chemicals maker Anupam Rasayan India has signed an agreement to acquire up to 43.3 per cent stake in pharmaceutical formulations company Bliss GVS Pharma Ltd for an…

Pharmaceutical formulations
M&AAcquisition · Announced

Orange group acquires MasOrange

EU clears Orange's EUR 4.25 bln acquisition of Spain's MasOrange

Telecommunications
FundingFunding round

Canvaloop

Biomaterials startup Canvaloop raised $1.5 million from Gujarat Venture Finance Limited and Rockstud Capital.

Investors Gujarat Venture Finance, Rockstud Capital
Biomaterials
ContractInfrastructure

K.P. Energy · client: Jk paper

K.P. Energy has secured a 91.4 MW wind-solar hybrid power project from JK Paper, marking a significant addition to its renewable portfolio.

Renewable Energy
M&AAcquisition · Completed

Anupam rasayan acquires Jayhawk Fine Chemicals Corporation

Anupam Rasayan India Limited has successfully completed the acquisition of 100% equity stake in Jayhawk Fine Chemicals Corporation for a purchase consideration of approximately US$150…

Specialty chemicals
M&AAcquisition · Completed

Desco Infratech acquires Shri Green Agro Energies Private Limited

Desco Infratech Limited has announced the successful acquisition of a controlling stake in Shri Green Agro Energies Private Limited (SGAEPL) through a rights issue subscription. The…

Renewable Energy
ContractInfrastructure

Desco Infratech · client: Sun Drops Energia Limited and KP Energy Limited

Desco Infratech Limited has won new orders totaling ₹40.43 crore from Sun Drops Energia Limited and KP Energy Limited. The contracts include solar infrastructure execution and cable…

Solar & Power Infrastructure
ContractService

Adani green energy · client: Kpi green energy

The contracts have been awarded by Adani Green Energy Six Limited and Adani Green Energy Limited. Under the service and purchase orders, KPI Green Energy will carry out detailed…

Renewable energy
M&AAcquisition

Tr capital acquires Sahajanand medical technologies

The firm also offloaded stakes in Sahajanand Medical Technologies (SMT) Ltd, First Meridian Business Services Pvt. Ltd and Paradise Food Court Pvt. Ltd through a $150 million…

ContractService

Kpi green energy · client: Adani Green Energy Six and Adani Green Energy

KPI Green Energy received orders from Adani Group entities for execution of electrical, civil and allied work for a 300 MWac / 405 MWdc project at the Khavda Hybrid Renewable Power…

Renewable Energy
ContractService

Kpi green energy · client: Adani group

KPI Green Energy Limited has secured a significant new order from Adani Group entities for execution of electrical, civil and allied works at the Khavda Hybrid Renewable Power Project in…

Renewable Energy
ContractTechnology

Kp energy · client: Inox Renewable Solutions Limited

KP Energy has secured an order from Inox Renewable Solutions Limited to develop a 99 MW wind power project in Gujarat...

Renewable Energy
ContractTechnology

Sun Drops Energia · client: Gujarat Urja Vikas Nigam Limited

Sun Drops Energia Private Limited, a subsidiary of KPI Green Energy Limited, has received a Letter of Intent (LOI) from Gujarat Urja Vikas Nigam Limited (GUVNL) for developing 445 MW /…

Renewable Energy
M&AAcquisition · Completed

Trident Lifeline acquires Trident Mediquip

Trident Lifeline has acquired an additional 9.04 per cent stake in Trident Mediquip, marking a significant strategic investment in the medical equipment sector. The transaction was…

FundingQIP

Zota health care

Zota Health Care Limited (NSE: ZOTA) has raised ₹350 crore through a Qualified Institutional Placement, issuing shares at ₹1,535 apiece to a select group of institutional investors.

Investors Valiant Partners, 360 one, Prashant Jain’s 3P Investment Managers, White Oak Capital
Pharmacy retail
M&AAcquisition · Announced

Sumeet industries acquires Bajrang Green Energy One

The board of Sumeet Industries at its meeting held on 15 December 2025 has approved to acquire up to 26% of equity share capital in Bajrang Green Energy One with an investment of Rs. 26…

ContractService

Advait energy · client: Dgvcl

Operational performance in Q2 FY26, the company secured a Rs. 90 crore ERS order from PGCIL and Rs. 100 crore EPC order from DGVCL.

EPC
ContractSupply

Cosmic pv power · client: Zetwerk Manufacturing Businesses

Solar panel manufacturer Cosmic PV Power Ltd has announced that the company has secured orders worth about INR 600 crore from Zetwerk Manufacturing Businesses for the supply of solar…

Solar Energy
ContractSupply

Inox Wind · client: K.P. Energy

K.P. Energy shares jumped 8% to an intraday high of ₹424.95 on Wednesday, November 19, after the company signed an exclusive Memorandum of Understanding (MoU) with Inox Wind to…

Renewable Energy
ContractSupply

Sun Drops Energia · client: Gujarat Urja Vikas Nigam

Sun Drops won 445 MW/890 MWh at a tariff of ₹185,390 (~$2,091.49)/MW/month.

Battery Energy Storage
ContractService

Inox Solar · client: Kpi green energy

Inox Solar and KPI Green Energy have inked a similar agreement for 2.5 GW of solar capacity.

Renewable Energy
FundingSeed

Vijya fintech

Vijya Fintech, the parent company of flagship platform MIDASX, has announced the successful closure of its INR 12Cr Seed Round, marking a major milestone in its mission to build India’s…

Investors Family Offices and UHNIs
Wealth-tech, Open Architecture, AI-Driven B2B2C Multi-Asset Marketplace
FundingGrowth capital infusion

Goldi solar

Goldi Solar Pvt. Ltd., one of India’s largest solar photovoltaic (PV) module manufacturers, has announced a landmark growth capital infusion led by Havells India Limited, alongside a…

Investors Havells india limited, Ambit Global Private Client, Nikhil Kamath, Shahi exports
Solar photovoltaic
LaunchTrezix One

Trezix

Trezix, a B2B SaaS platform for export and import operations, has launched Trezix One, a suite of AI assistants designed to simplify and automate trade processes for businesses in India…

AI assistant suite
M&AAcquisition · Announced

Samara capital acquires Smt

Samara Capital invested $150 million in stent manufacturer SMT.

Stent manufacturer
Funding

Zota health care

Zota Health Care Ltd has announced that its board has approved a proposal to raise up to ₹500 crore in one or more tranches through the issuance of equity shares, convertible securities,…

Healthcare
FundingSeed

Aether

Aether, a New Zealand–based AI-powered SaaS platform for marketing presentations, has raised NZ$3.8M (A$3.4M) in Seed funding.

Investors Icehouse ventures, Brand Fund 2
AI SaaS / Marketing Productivity / Presentation Automation
Funding

Goldi solar

Zerodha co-founder Nikhil Kamath has invested ₹1375 million in Goldi Solar, a PV module manufacturer, to support the company’s expansion into solar cell manufacturing and scale up…

Investors Nikhil Kamath
Renewable Energy
ContractSupply

Panth infinity · client: Richa Info Systems Limited

Panth Infinity Limited has announced securing a significant work order worth Rs. 150 crore from Richa Info Systems Limited.

Technology
LaunchMarzel Carpet Tiles

Dolphy

Marzel Carpet Tiles, launched July 2025, is Dolphy’s new flooring vertical offering designer modular carpets in Nylon and PP variants.

Modular Carpet Tiles

Startup companies in Surat, by revenue

Browse startups in Surat 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 382 startups in Surat, Gujarat that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

Manufacturer of flat carbon steel products

Metals and alloys
₹54,612.74 crFY 2024-25
-11%2024–2025
12,002+888% vs previous recordLinkedIn · Jul 2026
7 yr2019
5postings · last posted Sep 2026

Manufacturer of photovoltaic solar modules

Solar energy
₹2,832.89 crFY 2024-25
+122%2024–2025
1,090+37% vs previous recordLinkedIn · Jul 2026
9 yr2017
3postings · last posted Sep 2026

Manufacturer of solar photovoltaic modules and provider of engineering, procurement, & construction services

Solar energy
₹1,490.93 crFY 2022-23
Not reported
2,243+33% 12 mo to Aug 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Manufacturer of recycled polyester staple fiber and food grade resins

Solid waste management tech
₹717.85 crFY 2024-25
Not reported
168+3% 12 mo to Sep 2024LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Manufacturer and supplier of premium lab-grown diamonds and jewelry

B2b e-commerce
₹674.20 crFY 2022-23
Not reported
90+114% 12 mo to Aug 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Manufacturer of luxury goods and jewelry industry

Fashion accessories
₹646.40 crFY 2024-25
+93%2024–2025
31LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Provider of heavy forgings for industries such as nuclear, refinery, petrochemical, power, shipbuilding, and heavy engineering

Manufacturing services
₹617.85 crFY 2024-25
+22%2024–2025
—Not available
14 yr2012
0none in 3 months

Manufacturer of luxury chocolate products

Food & beverage products
₹510.21 crFY 2024-25
Not reported
67-11% 12 mo to Sep 2024LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Manufacturer and supplier of denim fabrics

Apparel brands
₹378.68 crFY 2021-22
Not reported
184LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Developer of solar energy projects

Solar energy
₹368.96 crFY 2024-25
+119%2024–2025
8recorded Sep 2024
7 yr2019
0none in 3 months

Manufacturer, trader, and supplier of high-quality fancy grey yarn and polyester yarn

Textile yarn
₹295.58 crFY 2024-25
+16%2024–2025
4-20% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Brand of diamond rings

Fashion accessories
₹293.52 crFY 2024-25
-31%2024–2025
8LinkedIn · Jul 2026
4 yr2022
0none in 3 months

Manufacturer of solar PV modules

Solar energy
₹242.56 crFY 2024-25
+145%2024–2025
199+61% 12 mo to Sep 2024LinkedIn · Jul 2026
6 yr2020
0none in 3 months · last posted Jun 2026

Manufacturer offering premium denim fabrics

Apparel brands
₹242.20 crFY 2024-25
+20%2024–2025
47+4% 12 mo to Sep 2024recorded Sep 2024
10 yr2016
0none in 3 months

Designer and retailer of women's ethnic wear

Fashion tech
₹238.51 crFY 2024-25
+11%2024–2025
26+29% 12 mo to Sep 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Manufacturer of yarn products

Textile yarn
₹216.95 crFY 2024-25
+6%2024–2025
—Not available
8 yr2018
0none in 3 months

Manufacturer of solar power systems and solar panels

Solar energy
₹202.27 crFY 2022-23
Not reported
461-32% 12 mo to Sep 2024LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Manufacturer of building materials for construction projects

Building materials
₹206.75 crFY 2024-25
-9%2024–2025
220LinkedIn · Jul 2026
14 yr2012
1postings · last posted Aug 2026

Manufacturer of industrial lubricant additives and packages

Oil & gas downstream
₹182.14 crFY 2021-22
Not reported
8LinkedIn · Jul 2026
10 yr2016
—No postings tracked

JB rPET Industries | JB rPET Recycling Innovators

Diversified chemicals
₹202.99 crFY 2024-25
+971%2024–2025
59LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Online retailer of clothing, apparel, and innerwear items for men

Apparel brands
₹191.75 crFY 2024-25
+46%2024–2025
382-5% 12 mo to Aug 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Offers AI, blockchain & cloud-based supply chain management solutions

Supply chain services
₹183.97 crFY 2024-25
+134%2024–2025
—Not available
6 yr2020
0none in 3 months

Manufacturer of energy efficient and solar inverters

Electricity transmission & distribution equipment
₹182.86 crFY 2024-25
+213%2024–2025
218LinkedIn · Jul 2026
4 yr2022
0none in 3 months

Online trading platform for multiple markets

Investment tech
₹178.78 crFY 2024-25
+79%2024–2025
5LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Manufacturer of polyester draw textured yarns

Textile yarn
₹171.53 crFY 2024-25
-13%2024–2025
16-6% 12 mo to Sep 2024recorded Sep 2024
15 yr2011
0none in 3 months
50 of 2,248 companies shown here · the full list is on Radar
Fliar Radar

Explore all 2,248 startups in Surat on Radar

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

Open startup in Surat on Radar
  • Every company, not just 50All 2,248 startups in Surat, 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 startups in Surat by what you are looking for

Browse startups in Surat and startup companies in Surat across fashion, textiles, IT and jewellery. You can also find the top startups in Surat that are hiring.

9 ways to explore startup in Surat

IT services & software startupsFashion & apparel startupsJewellery & accessories startupsTextile, yarn & fabric companiesMarketing & e-commerce support startupsFintech & investment startups

IT services & software startups

Startups building software, apps and ERP solutions.

  1. Tagline Infotech

    Provider of software development and IT consulting services

    Management consulting services
    Website
  2. Aureate Labs

    Provides e-commerce development services

    E-commerce support services
    Website
  3. Softpulse Infotech

    Custom application development and support services

    It services
    Website
  4. Sarvadhi

    Customised ERP Development & Implementation Solutions.

    It services
    Website
  5. Lahagora

    Provides mobile and web application development services

    It services
    Website

Fashion & apparel startups

Startups selling ethnic wear, clothing and fashion online.

  1. Greenlab Diamonds

    Manufacturer and supplier of premium lab-grown diamonds and jewelry

    B2b e-commerce
    See in list
  2. Anubha Industries

    Manufacturer and supplier of denim fabrics

    Apparel brands
    See in list
  3. Indo Era

    Designer and retailer of women's ethnic wear

    Fashion tech
    See in list
  4. XYXX

    Online retailer of clothing, apparel, and innerwear items for men

    Apparel brands
    See in list
  5. Shiven

    Manufacturer and exporter of high tenacity yarn, mono yarn, and mother yarn

    Wholesalers
    See in list

Jewellery & accessories startups

Startups making and selling jewellery, diamonds and bags.

  1. Parth Ornaments

    Manufacturer of luxury goods and jewelry industry

    Fashion accessories
    See in list
  2. Star Blue

    Brand of diamond rings

    Fashion accessories
    See in list
  3. Elvee

    Internet first brand of luxury jewelry

    Fashion accessories
    See in list
  4. Hastmilap

    Designer and retailer of handcrafted jewelry

    Fashion accessories
    Website
  5. Svaraa

    Manufacturer of lab grown diamond jewelry

    Fashion tech
    Website

Textile, yarn & fabric companies

Manufacturers of yarn, fabric, denim and home textiles.

  1. Komal Industries

    Manufacturer, trader, and supplier of high-quality fancy grey yarn and polyester yarn

    Textile yarn
    See in list
  2. DHANI GROUP

    Manufacturer of yarn products

    Textile yarn
    See in list
  3. Taanushre

    Manufacturer, supplier, and exporter of all types of dyed yarns

    Textile yarn
    See in list
  4. Parvati Fabrics

    Contract based manufacturer of fabrics

    Contract manufacturers
    Website
  5. Muditfabtex

    Leading Lycra fabric manufacturer offering diverse, high-quality textiles for garment production

    Textile yarn
    Website

Marketing & e-commerce support startups

Agencies, marketing tools and e-commerce enablers.

  1. Greenlab Diamonds

    Manufacturer and supplier of premium lab-grown diamonds and jewelry

    B2b e-commerce
    See in list
  2. RCS

    Provider of electrical, plumbing, cleaning, and other services

    Marketing services
    Website
  3. WeeTech Solution

    WeeTech Solution Pvt Ltd has unmatched experience and is recognized as the Best IT Company In Surat, Gujarat and Internationally

    Marketing services
    Website
  4. Foxly

    Cloud based link management platform

    Marketingtech
    Website
  5. Nicoya

    Platform offering Influencer and Creator marketing solutions

    Marketingtech
    Website

Fintech & investment startups

Startups for trading, lending, payments and accounting.

  1. Arham Wealth

    Online trading platform for multiple markets

    Investment tech
    See in list
  2. Pure Broking

    Multi-asset trading platform

    Investment tech
    Website
  3. Switchpay

    Online bill payment platform for consumers

    Payments
    Website
  4. Kuberjee

    Payment management and invoicing platform for distributors and retailers

    Payments
    Website
  5. Veloce Fintech

    Provider of debt and equity financing solutions for MSMEs and startups

    Alternative lending
    Website

Pharma & healthcare companies

Pharmaceutical distributors, contract manufacturers and healthcare platforms.

  1. Salvavidas Pharmaceutical

    Contract manufacturer and exporter of active pharmaceutical products

    Biopharma outsourcing
    Website
  2. DBIL

    Online store for buying vitamins supplements and other products

    Healthcare booking platforms
    Website
  3. Vasoya Industries

    Pharmaceutical ingredient and intermediate manufacturing company

    Biopharma outsourcing
    Website
  4. Vencora Healthcare

    Manufacturer of a range of nutritional supplements and healthcare products, including vitamins, minerals, and plant-based proteins

    Biopharma outsourcing
    Website
  5. Omicron Pharma

    Distributor of diversified drugs

    Pharmaceutical distributors
    Website

Startups in Surat founded recently

Newer companies founded in recent years.

  1. Vsole

    Manufacturer of energy efficient and solar inverters

    Electricity transmission & distribution equipment
    See in list
  2. Climate Detox

    Provider of carbon credits solution

    Air pollution management tech
    See in list
  3. Polite PowerTech

    Provider of turnkey EPC services for electrical switchyards, substations, and electrification projects

    Electricity transmission & distribution project developer
    See in list
  4. BA Prerna

    Provider of turnkey solutions for wind and solar projects

    Solar energy
    See in list
  5. Shivshaktielevatorcomponents

    Manufacturer of elevator doors, cabins, car frames, and related components

    Building materials
    See in list
668 companies in Surat

Startups hiring in Surat

Startups in Surat with open jobs right now.

  1. ArcelorMittal

    Manufacturer of flat carbon steel products

    Metals and alloys
    See in list
  2. Rayzon Solar

    Manufacturer of photovoltaic solar modules

    Solar energy
    See in list
  3. Ascolite

    Manufacturer of building materials for construction projects

    Building materials
    See in list
  4. Cambay Foodservice Packaging

    Manufacturer of packaging cups and other products

    Manufacturing services
    See in list
  5. BA Prerna

    Provider of turnkey solutions for wind and solar projects

    Solar energy
    See in list
27 companies in Surat
Mobile reach

Top 10 startup apps from Surat

The most-installed Android apps published by startups headquartered in Surat — 329.7M installs between them. 298 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

GPS Map Camera

by GPS Map Camera

Installs129.7M
Rating3.31352K ratings
Installs, year on year+55%
Last updatedJun 2026
View on Google Play ↗
GPS Map Camera screenshot 1GPS Map Camera screenshot 2GPS Map Camera screenshot 3GPS Map Camera screenshot 4GPS Map Camera screenshot 5GPS Map Camera screenshot 6
2

Gallery

by YAR Apps

Installs79.4M
Rating4.29418K ratings
Installs, year on year+3%
Last updatedJun 2026
View on Google Play ↗
Gallery screenshot 1Gallery screenshot 2Gallery screenshot 3Gallery screenshot 4Gallery screenshot 5Gallery screenshot 6
3

CITIZEN CALCULATOR

by ANGEL NX

Installs29.1M
Rating4.2967K ratings
Last updatedAug 2025
View on Google Play ↗
CITIZEN CALCULATOR screenshot 1CITIZEN CALCULATOR screenshot 2CITIZEN CALCULATOR screenshot 3CITIZEN CALCULATOR screenshot 4CITIZEN CALCULATOR screenshot 5CITIZEN CALCULATOR screenshot 6
4

StoryBit: Reels & Story Maker

by Nucleus Lab

Installs22.6M
Rating4.1889K ratings
Installs, year on year+91%
Last updatedMay 2026
View on Google Play ↗
StoryBit: Reels & Story Maker screenshot 1StoryBit: Reels & Story Maker screenshot 2StoryBit: Reels & Story Maker screenshot 3StoryBit: Reels & Story Maker screenshot 4StoryBit: Reels & Story Maker screenshot 5StoryBit: Reels & Story Maker screenshot 6
5

Flyer, Poster & Graphic Design

by Technozer Solution

Installs20.3M
Rating4.28115K ratings
Installs, year on year+27%
Last updatedOct 2025
View on Google Play ↗
Flyer, Poster & Graphic Design screenshot 1Flyer, Poster & Graphic Design screenshot 2Flyer, Poster & Graphic Design screenshot 3Flyer, Poster & Graphic Design screenshot 4Flyer, Poster & Graphic Design screenshot 5Flyer, Poster & Graphic Design screenshot 6
6

GPS Map Camera Lite: Geo Stamp

by Susamp Infotech

Installs14.3M
Rating4.0827K ratings
Installs, year on year+48%
Last updatedApr 2026
View on Google Play ↗
GPS Map Camera Lite: Geo Stamp screenshot 1GPS Map Camera Lite: Geo Stamp screenshot 2GPS Map Camera Lite: Geo Stamp screenshot 3GPS Map Camera Lite: Geo Stamp screenshot 4GPS Map Camera Lite: Geo Stamp screenshot 5GPS Map Camera Lite: Geo Stamp screenshot 6
7

Teen Patti : Live Voice Chat

by Artoon Games

Installs9.9M
Rating4.1870K ratings
Last updatedFeb 2026
View on Google Play ↗
Teen Patti : Live Voice Chat screenshot 1Teen Patti : Live Voice Chat screenshot 2Teen Patti : Live Voice Chat screenshot 3Teen Patti : Live Voice Chat screenshot 4Teen Patti : Live Voice Chat screenshot 5Teen Patti : Live Voice Chat screenshot 6
8

Love Video Ringtone for Incomi

by DEVKRUSHNA INFOTECH

Installs9.3M
Rating4.2323K ratings
Installs, year on year+11%
Last updatedMay 2026
View on Google Play ↗
Love Video Ringtone for Incomi screenshot 1Love Video Ringtone for Incomi screenshot 2Love Video Ringtone for Incomi screenshot 3Love Video Ringtone for Incomi screenshot 4Love Video Ringtone for Incomi screenshot 5
10

Print Customize Mobile Cover

by PrintPhoto

Installs7.0M
Rating4.1730K ratings
Installs, year on year+7%
Last updatedMar 2026
View on Google Play ↗
Print Customize Mobile Cover screenshot 1Print Customize Mobile Cover screenshot 2Print Customize Mobile Cover screenshot 3Print Customize Mobile Cover screenshot 4Print Customize Mobile Cover screenshot 5Print Customize Mobile Cover screenshot 6
The business behind the activity

Startup financials in Surat

Revenue, profit and growth from the filed annual accounts of 374 startups in Surat, Gujarat for FY24-25 — 442 of the 2,248 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 85% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹69,108.99 cr

374 companies filing accounts

combined net profit₹3,562.93 cr

5.2% aggregate margin

are profitable67%

251 of 374 companies

median revenue~₹4.1 cr

the typical company

median revenue growth+22%

into FY24-25

earned by the top five85%

revenue concentration

Six-year view

Combined revenue of filing companies

₹34,010.66 crFY19-20166 filers
₹5,110.74 crFY20-21204 filers
₹7,630.69 crFY21-22251 filers
₹64,428.06 crFY22-23316 filers
₹72,095.31 crFY23-24363 filers
₹69,108.99 crFY24-25374 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

+3%
FY22-23₹63,268.07 cr₹2,078.02 cr net
FY23-24₹69,217.62 cr₹7,126.15 cr net
FY24-25₹65,273.45 cr₹3,213.15 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 cr11038% profitable
₹1–10 cr12873% profitable
₹10–100 cr10783% profitable
₹100–1,000 cr2688% profitable
Over ₹1,000 cr3100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking102
0–20%54
20–50%65
50–100%47
Doubled+66

334 companies with accounts for both years; median growth +22%.

Profitability

Profit is concentrated at the top

251profitable
121loss-making
5.2%aggregate margin
1.1%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
ArgosBIL VENTURES PRIVATE LIMITED+709%₹11.82 cr
Ivana JewelsIVANA LIFESTYLE PRIVATE LIMITED+659%
ASOTEASOTE SOLUTIONS PRIVATE LIMITED+541%₹15.23 cr
Polite PowerTechPOLITE POWERTECH LIMITED
Fourcell EnergyFOURCELL ENERGY PRIVATE LIMITED₹24.10 cr
BioficsBIOFICS PRIVATE LIMITED₹46.63 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
L&T Special Steels and Heavy ForgingsL&T SPECIAL STEELS AND HEAVY FORGINGS PRIVATE LIMITED49.2%₹617.85 cr
Arham WealthARHAM WEALTH MANAGEMENT PRIVATE LIMITED39.6%₹178.78 cr
Pure BrokingPURE BROKING PRIVATE LIMITED27.3%
Sunora SolarES SUN POWER PRIVATE LIMITED23.5%₹30.15 cr
Ethics ProsperityETHICS PROSPERITY PRIVATE LIMITED21.5%₹183.97 cr
ZORKOZORKO LIMITED20.3%
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Solar energy14₹5,740.53 cr~₹28.9 cr86%8.7%
Textile yarn7₹1,013.72 cr~₹140.1 cr100%1.7%
Manufacturing services9₹999.12 cr~₹55.0 cr78%30.7%
Fashion accessories5₹964.39 cr~₹71.7 cr100%1.7%
Food & beverage products9₹677.56 cr~₹12.0 cr67%12.7%
Fashion tech19₹656.31 cr~₹16.0 cr89%2.0%
Apparel brands12₹557.77 cr~₹12.2 cr75%-4.9%
Building materials6₹458.82 cr~₹66.9 cr100%6.1%
Leaders

Largest startups by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
ArcelorMittalARCELORMITTAL NIPPON STEEL INDIA PRIVATE LIMITED₹52,877.88 cr₹2,444.93 cr4.6%-11%
Rayzon SolarRAYZON SOLAR LIMITED₹2,832.89 cr₹329.57 cr11.6%+122%
Goldi SolarGOLDI SOLAR PRIVATE LIMITED₹2,051.39 cr₹83.72 cr4.1%+183%
Parth OrnamentsPARTH ORNAMENTS PRIVATE LIMITED₹646.40 cr₹14.02 cr2.2%+93%
L&T Special Steels and Heavy ForgingsL&T SPECIAL STEELS AND HEAVY FORGINGS PRIVATE LIMITED₹617.85 cr₹303.89 cr49.2%+22%
JB EcotexJ B ECOTEX LIMITED₹606.35 cr₹23.89 cr3.9%+15%
SchmittenRAJHANS NUTRIMENTS PRIVATE LIMITED₹510.21 cr₹90.40 cr17.7%+58%
Phoenix OverseasPhoenix Overseas Limited₹5.49 cr1.1%-11%
Sun Drops EnergiaSUN DROPS ENERGIA LIMITED₹368.96 cr₹51.25 cr13.9%+119%
Komal IndustriesKOMAL INDUSTRIES PRIVATE LIMITED₹295.58 cr₹1.77 cr0.6%+16%
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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.

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

Startup funding and M&A across India

37,239 recorded equity rounds have gone to 336,782 startups in India — how much, at which stage, into which sub-sectors, from whom, and how Surat compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months1111

US$9.79bn

equity rounds, last 24 months3681

US$24.99bn

raised over five yearsUS$121.75bn

17,208 rounds in India

M&A deals, Surat17

last 24 months

Capital by year

Equity funding into startup in India

amount rounds
$15bn20182493
$19bn20192842
$37bn20202774
$38bn20213915
$29bn20224039
$16bn20233121
$17bn20243117
$15bn20252377
$6.6bn2026639

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$37.99bn across 3915 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$1.16bn2,889 rounds · median US$111k
SeedUS$9.20bn9,663 rounds · median US$464k
Series AUS$16.95bn2,388 rounds · median US$4.09m
Series BUS$16.36bn1,023 rounds · median US$10.65m
Series CUS$14.69bn500 rounds · median US$21.22m
Series D+US$45.54bn619 rounds · median US$30.12m
Private equityUS$7.52bn90 rounds · median US$52.32m
Where the money went · five years

Most-funded sub-sectors

Horizontal e-commerceUS$5.93bn74 rounds · 36 companies
Electric vehiclesUS$5.50bn455 rounds · 172 companies
Online groceryUS$5.35bn517 rounds · 186 companies
PaymentsUS$4.90bn273 rounds · 124 companies
Alternative lendingUS$4.87bn515 rounds · 228 companies
Consumer and sme loansUS$4.12bn189 rounds · 83 companies
Solar energyUS$3.38bn122 rounds · 64 companies
Corporate activity · last 24 months

M&A in Surat

17Acquisition

Most active acquirers

  1. Anupam Rasayan India5
  2. Desco Infratech2
  3. Orange group1
  4. Tr capital1
  5. Trident Lifeline1

Most acquired or merged

  1. Sahajanand medical technologies4
  2. Jayhawk Fine Chemicals Corporation2
  3. Bliss gvs pharma1
  4. MasOrange1
  5. Shri Green Agro Energies Private Limited1

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

Startup funding in Surat

55 startups in Surat have recorded equity funding, US$342.54m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Surat

Meet the people behind startups in Surat. 615 of 2,248 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Surat startups by sub-sector

The most common specialisations among startups in Surat. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring startup in India and nearby markets.

Coming soon