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Mining Sector in India

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About Mining sector in India

The Mining sector in India comprises 771 companies, including 56 funded companies having collectively raised $1.84B in venture capital money and private equity. Out of these, 58 are Series A+ funded.
Mining sector in India has seen 14 acquisitions and 37 IPOs. This represents almost 6.6% of all such companies - which is higher than the 5.0% exit rate of tech companies in general.
This sector includes companies which provide technology solutions including software applications, new-age hardware and tech-enabled services across the mining value chain.
Mining sector is also known as Mining Tech or Mining Tech.
Companies which provide software solutions for exploration, mine planning, operations, refinery, inventory management, supply chain management and also general management solutions for mining like finance and accounting, HR, health safety and compliance, data and analytics, and simulators. Also included are companies providing tech-enabled services through proprietary hardware such as drill rig alignment technology, communication technologies, etc. Companies that manufacture traditional equipment, business services companies in staffing, marketing, IT services, consulting and online listing platforms for software/hardware products are excluded.
Key Metrics
Total Companies
Total Funding
Funded Companies
Series A+ Companies
Series C+ Companies
IPOs
Acquisitions
Also known as
Mining Tech or Mining Tech

Top Mining Companies in India

There are 771 Mining startups in India which include Himadri Chemicals and Industries, Thriveni, Propel Industries, Shriram EPC, Hindustan Zinc. Out of these, 56 startups are funded, with 58 having secured Series A+ funding.
Over the past 10 years, an average of 13 new companies have been launched annually. Notably, several of these startups have been founded by alumni of IIT Delhi, Booth School of Business and IIM Calcutta.

Here is the list of top Mining startups in India

Himadri Chemicals and Industries manufactures coal tar pitch, chemical oils, carbon black, naphthalene, advanced carbon material, corrosion protection, naphthalene sulphonate and power - that represent critical inputs in downstream industries like aluminium, graphite, construction industry, lithium-ion battery, tyre and rubber applications. Serving the core sectors of economy. It claims that it caters to 65% of the Indian aluminium and the graphite electrode industry’s requirement of coal tar pitch. It is listed on BSE and NSE.

Key facts about Himadri Chemicals and Industries

Diversified miner investing in mineral beneficiation and metal manufacturing. It offers mine development services and manages entities, focusing on growth in challenging environments. The company partners with local communities to create economic benefits. A key component is its unique engineering and manufacturing facility that rebuilds heavy equipment machinery. Its operational model emphasizes partnerships, technological innovation, and outcome-driven solutions, fostering locally-embedded processes. The company's activities encompass exploration, project execution, engineering, procurement, construction, development, operations, mineral processing, equipment refurbishment, logistics, and marketing.

Key facts about Thriveni

Manufacturer of crushing, screening, and washing equipment for mining and construction. It provides a comprehensive product line, from smaller to larger-scale machinery, designed for demanding applications. The company offers mobile and semi-mobile series, including jaw crushers, cone crushers, impactors, feeders, screens, and washing systems. These solutions are tailored to enhance efficiency and productivity in aggregate processing. The manufacturer also supplies concrete batching solutions and related equipment.

Key facts about Propel Industries

  • Founded Year: 2009
  • Location: Coimbatore (India)
  • Stage: Unfunded
  • Tracxn Score: 56/100 What is this?

Key facts about Shriram EPC

Hindustan Zinc is a mining company specialised in mining and smelting of zinc, lead and silver. A part of Vedanta Group, Hindustan Zinc has several mines and smelting complexes in Rajasthan, India. Claims that apart from being one of the world's largest integrated producers of zinc, but also a leading producer of lead, silver and cadmium.

Key facts about Hindustan Zinc

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.

Companies founded year-on-year in the Mining sector in India2026202520242023202220212020201920182017Founded Year0612182430Count of Number of Companies
  • 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.

Founded - 771
Funded - 56
Series A+ - 58
Series B+ - 56
Series C+ - 54
Company Stage
No. of companies
Founded
771
Funded
56
Series A+
58
Series B+
56
Series C+
54
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Top Investors in Mining in India

Cisco Investments is the top investor in Mining companies in India based on number of companies invested.
Here are some top investors in Mining companies in India:
See a more detailed list of investors

M&A activity in Mining sector in India

In the year 2025, till December 2025, 2 acquisitions happened in Mining sector in India.
Here are some recent, important acquisitions 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
See a more detailed list of acquisitions

Acquisition trends in Mining sector in India

Here are the acquisition trends in Mining sector in India:

Acquisition trends in Mining sector in India2026202520242023202220212020201920182017Acquisition Round Date (Yearly)024Number of Acquisitions
  • 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

In the year 2025, till October 2025, 3 IPOs happened in Mining sector in India.
Here are some recent, important IPOs in Mining sector 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)
See a more detailed list of IPOs

Top News in Mining in India

NMDC won SCOPE Eminence Award for its CSR ExcellenceBusiness News This WeekJan 24, 2024NMDC
View all Top News for Mining companies in India

FAQs about Mining sector in India

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