May 2026
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Largest DeepTech Public Companies in India
Benchmark revenue and EBITDA valuation multiples for public comps like
ABB India, Abbott India, Premier Energies, ITI and Data Patterns (India).
 | ABB India Ltd enables a more sustainable and resource-efficient future with the technology leadership in electrification and automation. It energizes the transformation of society and industry to achieve a more productive, and sustainable by connecting software to its electrification, robotics, automation, and motion portfolio. The company's revenue is split between its four operating segments: Robotics and Discrete Automation, Electrification, Motion, and Process Automation. The company has several manufacturing sites located in India, and the majority of its revenue is generated in India. | $71 | +9% | $15B | $14B | 10.0x | 57.4x | ||
| Abbott India Ltd is a drug manufacturing company that offers products in diagnostics, medical devices, nutritionals, and branded generic pharmaceuticals. Its patient focus centers overwhelmingly on women's health and gastrointestine, gastroenterology, and hepatic care. Geographically, the majority of the company's revenue is generated in India. | $289 | -12% | $6B | $6B | 8.2x | 26.0x | ||
| Premier Energies Ltd is an integrated manufacturer of solar cells and solar modules. The company mainly engages in the manufacturing and trading of solar modules, solar cells, and solar accessories. The majority of the company's revenue comes from the sale of these products and silicon wafers. Additionally, the company earns revenue from the sale of manufactured solar modules and from construction and project-related activities. Geographically, the company generates almost all of its revenue within India. | $10 | -10% | $5B | $5B | 5.8x | 17.6x | ||
| ITI Ltd is an Indian manufacturer and service provider of telecommunication equipment and network infrastructure using IP/MPLS, optical fiber, microwave, and satellite technologies. Its products include GPON devices, Digital Mobile Radio systems, smart energy meters, defence encryption products, Wi-Fi equipment, smart cards, solar modules, IoT devices, and other communication hardware. The company also supplies traded communication and IT equipment. Its services cover turnkey project execution, installation, maintenance, data center hosting, electronic manufacturing, PCB fabrication, environmental testing, and 3D printing. It focuses on innovation and serves the Indian telecom, smart cities, and defence sectors. | $3 | -19% | $3B | $3B | 7.5x | 680.7x | ||
| Data Patterns (India) Ltd is a defense and aerospace electronics solutions provider catering to the indigenously developed defense products industry. The company caters to the entire spectrum of defense and aerospace platforms, offering products like cockpit and rugged displays, naval systems, space systems, radar and radar systems, electronic warfare, and avionic systems, among others. It operates only in one business segment, i.e., the manufacture, sale, and service of defense electronics. Geographically, a majority of its revenue is generated from its operations in India, and it also has some exposure to other markets. | $43 | +39% | $2B | $2B | 24.3x | 56.4x | ||
| Sterlite Technologies Ltd is an Indian-based company engaged in the business of Connectivity and Network Solutions. Its products and solutions mainly include integrated optical fiber, copper telecom cables, structured data cables, access equipment, fiber connectivity and system integration solution offerings for telecom networks, OSS/ BSS solutions, billing and bandwidth management solutions for organizations, and others. Its segments include Optical networking business (ONB), Global service business (GSB) and Digital and technology solutions (Digital). The company offers its services within India and in the International market. It earns majority of the revenue from Optical networking business segment. | $5 | +521% | $2B | $3B | 5.1x | 37.9x | ||
| Ola Electric Mobility Ltd is a pure EV player in India and is building vertically integrated technology and manufacturing capabilities for EVs and EV components, including cells. The company manufactures EVs and certain core EV components like battery packs, motors and vehicle frames at the Ola Futurefactory. Its business focuses on capturing the opportunity arising out of electrification of mobility in India and it also seeks opportunities to export its EVs in select international markets in the future. | $0 | -28% | $2B | $2B | 7.4x | (21.3x) | ||
| Apollo Micro Systems Ltd offers design, development, and assembly of custom-built electronics and electro-mechanical solutions. The company offers a wide range of services such as electronic manufacturing, hardware design services, IT and software services, electronic and mechanical- CAD services. | $4 | +111% | $2B | $2B | 16.7x | 67.1x | ||
| Graphite India Ltd is an industrial products manufacturer in India. It manufactures graphite electrodes and graphite-based products. Its segments are Graphite and Carbon segment, which is engaged in the production of Graphite Electrodes, Other Miscellaneous Graphite and Carbon Products, and related Processing/Service Charges; Steel segment, which is engaged in manufacturing of High Speed Steel and Alloy Steel; and Other segment, is engaged in manufacturing/laying of GRP Pipes and Power Generating Unit exclusively for outside sale. The company also manufactures other products like Impervious Graphite Equipment and Spares, steel and alloy steel, reinforced plastic pipes, and many more. It generates the majority of its revenue from the Graphite and Carbon segment. | $8 | -- | $2B | $1B | 4.1x | 17.1x | ||
| Supriya Lifescience Ltd is a manufacturer of Active Pharmaceutical Ingredients. It is focused on diverse therapeutic segments such as antihistamines, analgesics, anaesthetics, vitamins, anti-asthmatic, and anti-allergic. | $8 | +2% | $644M | $634M | 7.8x | 20.7x | ||
| CE Info Systems Ltd is a data and technology products and platforms company, offering proprietary digital maps as a service, software as a service, and platform as a service. It provides software products, platforms, application programming interfaces, and solutions across a range of digital map data, software, and IoT for the Indian market under the MapmyIndia brand, and for the international market under the Mappls brand. The Company has only one business segment, i.e. Map data and Map data related services (GPS navigation, location-based services and IoT). This business mainly consists of products like digital map data, GPS navigation and location-based services, licensing, royalty, annuity, subscription and customizing its products to customers. | $9 | -57% | $496M | $461M | 9.3x | 19.9x | ||
| Centum Electronics Ltd designs, manufactures, and exports electronic products. It also provides design services to its customers, and these include systems, subsystems, modules, and complex electronic components. It provides mission-critical services and solutions to customers engaged in the Defence, Aerospace, Space, Medical, Transportation, and Industrial segments. The company's only operating segment is Electronic System Design and Manufacturing. Its geographical segments include India, its key revenue-generating market; Europe and the UK; North America; and the Rest of the world. | $33 | -- | $489M | $489M | 4.9x | 27.0x | ||
| Moschip Technologies Ltd is a fabless model semiconductor company. Its principal activity includes software development and designing. The firm is engaged in the business of development and manufacturing of System on Chip (SOC) technologies. It focuses on providing value-added services in very-large-scale integration (VLSI) design, application specific integrated circuits, software development, and developing SOC for aerospace and defense, consumer and industrial applications, and Internet of Things/Everything (IoT/E) products and services across various industries. The company offers products, which include I/O Connectivity and SoCs. Its operating segment includes Semiconductor and Embedded. The company generates maximum revenue from the Semiconductor segment. | $2 | +6% | $418M | $417M | 8.6x | 67.8x | ||
| Ceragon Networks Ltd is a wireless transport company in terms of unit shipments and wide distribution of its business, providing high-capacity wireless connectivity solutions to markets across various industries, mainly wireless (mobile) networks service providers. Geographically the company generates the key revenue from India. The company also has presence in North America, Europe, Africa, Asia-Pacific and Middle East, and Latin America. The company's products include IP-50 Platform, IP-20 Platform, Pointlink. | $3 | +18% | $243M | $237M | 0.7x | 9.4x | ||
| GTL Infrastructure Ltd is a telecom tower company operational in India. It provides passive infrastructure on a shared basis to telecom operators. The firm's business model is based on building, owning, operating and maintaining the passive telecom infrastructure sites capable of hosting multiple service providers. It also associates with projects being promoted by the department of telecommunications and cellular operators association of India. | $0 | -13% | $181M | $774M | 5.4x | 4.7x | ||
| Nelco Ltd is in the business of providing domestic satellite communication services to close user group (CUG) networks via Satellite System on non-exclusive basis within the territorial boundary of India under the VSAT, ISP and other Licenses and authorisation granted by Department of Telecommunications, Government of India. The company operates in a single reportable segment, namely Network Systems, comprising Satellite Communication (Satcom) Services, which include equipment sales, maintenance, and other allied services. The group earns revenue from providing Satellite communication connectivity systems and solutions through sale of goods, providing installation and annual maintenance services, renting of goods, Integrated Security & Surveillance services. | $7 | -28% | $160M | $165M | 5.2x | 53.8x | ||
| RIR Power Electronics Ltd is an India-based Manufacturing Industry company. The company is engaged in the manufacturing of Semiconductor devices like Diodes, Thyristors, Power Modules, Bridge Rectifiers, and high-power equipment like high-current rectifiers, Battery Chargers, Rectifier Panels, high-power stacks, and Assembly. Its products are used for Industrial applications in diverse sectors such as Railways, Induction furnaces, Electricity and Power Generation, Engineering, and others. | $2 | -22% | $151M | $148M | 16.4x | 108.5x | ||
| MIC Electronics Ltd designs, develops, and manufactures light-emitting diode (LED) video displays, and other electronic components. The operating segments of the group are LED products; Medical appliances and E Vehicles. Its products include LED lighting, LED displays, Oxygen concentrators, and Batteries. The company predominantly operates in India. | $0 | -27% | $110M | $114M | 5.7x | 41.2x | ||
| Danlaw Technologies India Ltd provides engineering, software development consulting services, and Industrial electronics to the Automotive and aerospace industries. Its products include the DataLogger device, Telematics product, Body control products, and Testing products. The company generates revenue from the sale of products and services, where the majority of its revenue is from the sale of products. | $8 | -18% | $41M | $42M | 1.8x | 12.2x | ||
| Median | $7 | -12% | $644M | $774M | 7.4x | 27.0x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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