How many total Polymers companies are there in Mumbai?

As of May 2026, Mumbai has 87 active Polymers companies.

How many Polymers companies in Mumbai are funded?

As of May 2026, 6 companies have received funding in this sector.

What is the total funding raised by Polymers companies in Mumbai?

Polymers companies in Mumbai have collectively raised $168K in funding till date.

Who are the top investors in Polymers companies in Mumbai?

The top investors in Polymers companies in Mumbai by number of investments are Ashok Goel Trust and BanyanTree Finance.

Which is the highest funded Polymers company in Mumbai?

As of May 2026, United Rubber Industries has raised $168K in funding, highest among the funded Polymers companies in Mumbai.

How many exits have occurred in Polymers companies in Mumbai?

Polymers sector in Mumbai has seen 1 acquisition and 7 IPOs.

List of 88 Polymers Startups in Mumbai, India & Market Trends (May 2026)

Key facts about Time Technoplast

Founded Year: 1992
Location: Mumbai (India)
Stage: Public
Investors: Motilal Oswal and Zephyr Peacock
Tracxn Score: 56/100 What is this?

Manufacturer of specialty polyester films for diverse applications. These films are used in automotive paint protection, sun control, shrink label packaging, reprographics, and electrical & thermal insulation. The company's offerings encompass various film types tailored to specific industry needs, providing solutions for diverse sectors. A focus on technological advancement drives continuous improvement in film performance and functionality.

Key facts about Garwarehitechfilms

Location: Mumbai (India)
Stage: Public
Tracxn Score: 53/100 What is this?
Competitors Rank: 1 of 70 Competitors

View full list of companies in this sector

3. Supreme Petrochem

Manufacturer of polystyrene, expandable polystyrene, and ABS compounds. It operates a styrenics complex with production facilities for polystyrene, expandable polystyrene (EPS), various polymer compounds, and extruded polystyrene (XPS) insulation boards. The company utilizes advanced technologies in its fully automated plants. Its products are used in diverse applications across various industries.

Key facts about Supreme Petrochem

Founded Year: 1993
Location: Mumbai (India)
Stage: Public
Tracxn Score: 52/100 What is this?

4. Plastiblends

Plastiblends India Limited is a manufacturer and exporter of Colour & Additive Master Batches and Thermoplastic Compounds for the Plastic Processing Industry.

Key facts about Plastiblends

Founded Year: 1991
Location: Mumbai (India)
Stage: Public
Tracxn Score: 49/100 What is this?

5. SSF Plastics

Manufacturer of rigid plastic packaging and engineering plastic components. The company provides end-to-end services from design to delivery across product segments such as bottles and containers, caps/closures and tubs, and engineering plastic components. It caters to a wide range of end-user industries such as personal care, homecare, food and beverages, consumer electronics, engine oil and lubricants, and pharmaceuticals. The business is equipped to process a wide range of polymers and specializes in the processing of engineered compounds, particularly in applications involving electronics.

Key facts about SSF Plastics

Founded Year: 2006
Location: Mumbai (India)
Stage: Unfunded
Tracxn Score: 45/100 What is this?

Access the full list of 88 Polymers Startups in Mumbai, India

Companies founded year-on-year in the Polymers sector in Mumbai

2 Polymers startups in Mumbai were founded in 2023 - 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	-
2024	-
2023	2
2022	-
2021	-
2020	2
2019	2
2018	2
2017	-

Stage-wise distribution of Polymers sector companies in Mumbai

Out of the total 88 Polymers companies in Mumbai, 6 have secured funding. Among them, 9 have reached Series A or higher, and 8 to Series B or beyond.

Founded - 88

Funded - 6

Series A+ - 9

Series B+ - 8

Series C+ - 8

Company Stage	No. of companies
Founded	88
Funded	6
Series A+	9
Series B+	8
Series C+	8

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Recent Funding Rounds in Polymers in Mumbai

In the year 2007, till March 2007, Polymers companies in Mumbai have raised $168K in equity funding across 1 round.

Here are some recent, important funding rounds in Polymers companies in Mumbai:

Company	Round Raised	Amount Raised	Funding Date	Investors
United Rubber Industries	Unattributed	6526	Mar 31, 2007	United Finance Corporation and 2 more

See a more detailed list of funding rounds

Ashok Goel Trust is the top investor in Polymers companies in Mumbai based on number of companies invested.

Here are some top investors in Polymers companies in Mumbai:

Investor	Location	Top Portfolio Companies
Ashok Goel Trust	Mumbai (India)	-
BanyanTree Finance	Mumbai (India)	-
Nepean Capital	Mumbai (India)	-
Social Alpha	Bengaluru (India)	-
Samena Capital	Dubai (United Arab Emirates)	-

See a more detailed list of investors

In the year 2021, till November 2021, 1 acquisition happened in Polymers sector in Mumbai.

Here are some recent, important acquisitions in Polymers sector in Mumbai:

Company	Acquisition Type	Acquisition Date	Acquirers
Mullackal Polymers	Business Acquisition	Nov 09, 2021	Ipackchem

See a more detailed list of acquisitions

Acquisition trends in Polymers sector in Mumbai

Here are the acquisition trends in Polymers sector in Mumbai:

Total Number of Acquisitions

Year	No. of companies
2026	-
2025	-
2024	-
2023	-
2022	-
2021	1
2020	-
2019	-
2018	-
2017	-

In the year 2022, till May 2022, 2 IPOs happened in Polymers sector in Mumbai.

Here are some recent, important IPOs in Polymers sector in Mumbai:

Company	IPO Date	Exchange Symbol
Supreme Petrochem	May 24, 2022	National Stock Exchange (NSE)
Garwarehitechfilms	Feb 03, 2022	National Stock Exchange (NSE)
GM Polyplast	Oct 14, 2020	Bombay Stock Exchange (BSE)
Time Technoplast	Jun 13, 2007	Bombay Stock Exchange (BSE), National Stock Exchange (NSE)
Plastiblends	Dec 28, 2006	National Stock Exchange (NSE)