About Mining sector in India
Top Mining Companies in India
Here is the list of top Mining startups in India
Key facts about Himadri Chemicals and Industries
- Founded Year: 1987
- Location: Kolkata (India)
- Stage: Public
- Total Funding till date: $24M
- Investors: Citi, Bain Capital Private Equity and 2 Others
- Latest Funding Round: Post IPO, Jan 02, 2010, $*****
- Tracxn Score: 62/100 What is this?
- Competitors Rank: 2 of 14 Competitors
2. Thriveni
Key facts about Thriveni
- Founded Year: 2000
- Location: Salem (India)
- Stage: Acquired
- Total Funding till date: $98.2M
- Investors: Samara Capital, Aryan Mining and Trading Corporation and 5 Others
- Latest Funding Round: Series C, Mar 28, 2022, $*****
- Tracxn Score: 61/100 What is this?
Key facts about Propel Industries
- Founded Year: 2009
- Location: Coimbatore (India)
- Stage: Unfunded
- Tracxn Score: 56/100 What is this?
4. Shriram EPC
Key facts about Shriram EPC
- Founded Year: 2000
- Location: Chennai (India)
- Stage: Public
- Investors: Saama Capital, Bessemer Venture Partners and 1 Other
- Latest Funding Round: Post IPO, Sep 26, 2022, $*****
- Tracxn Score: 56/100 What is this?
- Competitors Rank: 13 of 526 Competitors
Key facts about Hindustan Zinc
- Founded Year: 1966
- Location: Udaipur (India)
- Stage: Public
- Investors: Vedanta
- Tracxn Score: 53/100 What is this?
Companies founded year-on-year in the Mining sector in India
28 Mining startups in India were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | 1 |
2024 | 6 |
2023 | 12 |
2022 | 10 |
2021 | 15 |
2020 | 28 |
2019 | 26 |
2018 | 18 |
2017 | 17 |
Stage-wise distribution of Mining sector companies in India
Out of the total 771 Mining companies in India, 56 have secured funding. Among them, 58 have reached Series A or higher, and 56 to Series B or beyond.
Company Stage | No. of companies |
|---|---|
Founded | 771 |
Funded | 56 |
Series A+ | 58 |
Series B+ | 56 |
Series C+ | 54 |
Funding Trends in the Mining sector in India
Total funding year-on-year in the Mining sector in India
The Mining sector in India saw a total funding of more than $1.56B in the last 10 years. The most amount of funding was in 2022 at more than $870M.
- Total Funding
Year | Total Funding |
|---|---|
2024 | $46.9M |
2023 | $251M |
2022 | $870M |
2019 | $177M |
2018 | $120M |
2017 | $1.36M |
Recent Funding Rounds in Mining in India
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 5343 | Oct 15, 2024 | and 2 more | |
Seed | 5571 | Jul 25, 2024 | ||
Seed | 9179 | May 15, 2024 | ||
Series B | 2868 | Feb 24, 2024 | ||
Seed | 7837 | Mar 28, 2023 |
Top Investors in Mining in India
Investor | Location | Top Portfolio Companies |
|---|---|---|
San Jose (United States) | - | |
Amsterdam (Netherlands) | - | |
Quebec City (Canada) | - | |
New York City (United States) | ||
Mumbai (India) |
M&A activity in Mining sector in India
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Dec 10, 2025 | ||
Business Acquisition | Jan 04, 2025 | ||
Business Acquisition | Jul 23, 2023 | ||
Business Acquisition | Jun 24, 2022 | ||
Business Acquisition | Apr 12, 2022 |
Acquisition trends in Mining sector in India
Here are the acquisition trends in Mining sector in India:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 2 |
2024 | - |
2023 | 1 |
2022 | 3 |
2021 | 1 |
2020 | - |
2019 | - |
2018 | 2 |
2017 | 1 |
IPOs in Mining in India
Company | IPO Date | Exchange Symbol |
|---|---|---|
Oct 24, 2025 | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) | |
Oct 03, 2025 | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) | |
Mar 03, 2025 | Bombay Stock Exchange (BSE) | |
Sep 11, 2024 | National Stock Exchange (NSE) | |
Sep 07, 2023 | National Stock Exchange (NSE) |
Colleges which produce the most Mining companies in India
Companies founded by alumni from top colleges in the Mining in India
Most number of Mining startups in India have been founded by alumni from IIT Delhi, Booth School of Business and IIM Calcutta.
College | No. of companies |
|---|---|
IIT Delhi | 2 |
Booth School of Business | 1 |
IIM Calcutta | 1 |
IIT Kanpur | 1 |
IIT Kharagpur | 1 |
IIT Roorkee | 1 |
University of Chicago | 1 |
Total funding in Mining companies founded by alumni from top colleges in India
In the last 10 years, Booth School of Business and University of Chicago graduates' Mining companies in India have raised the most funding among top colleges, and IIT Kanpur alumni are third.
College | Total Funding |
|---|---|
Booth School of Business | $370M |
University of Chicago | $370M |
IIT Kanpur | $8.1M |
IIT Kharagpur | $1.07M |
IIT Roorkee | $487K |
IIT Delhi | $245K |
IIM Calcutta | $151K |

