Introduction: Robotics, IoT & Smart Manufacturing
India’s manufacturing sector is undergoing a structural transformation driven by Robotics, Industrial IoT (IIoT), AI, and smart manufacturing platforms. What was once labour-intensive and cost-driven is now becoming data-led, automated, and outcome-oriented.
Robotics enables precision, speed, and consistency on the shop floor. IoT connects machines, sensors, and systems to generate real-time operational data. Smart manufacturing layers analytics, AI, and cloud software on top unlocking predictive maintenance, quality optimisation, energy efficiency, and scalable production.
Together, these technologies form the backbone of Industry 4.0, and India is emerging as a serious global hub not just for adoption, but for building these technologies end-to-end.
Key Companies Powering India’s Automation Ecosystem (FY24)
| Company Name | Trade Name | Revenue (₹ Cr) | Location | Core Focus |
|---|---|---|---|---|
| Zetwerk Manufacturing Businesses Pvt Ltd | Zetwerk | 14,597 | Bengaluru | Manufacturing OS, supply chain automation |
| Addverb Technologies Ltd | Addverb | 291 | Noida | Industrial robotics, warehouse automation |
| Luna Technologies Pvt Ltd | Luna Technologies | 233 | Mumbai | Industrial automation & systems integration |
| CKD India Pvt Ltd | CKD India | 77 | Gurugram | Pneumatics & automation components |
| Muvro Technologies Pvt Ltd | Muvro | 65 | Ghaziabad | Factory automation solutions |
| Dynatech Systems Pvt Ltd | DynaTech Systems | 62 | Ahmedabad | Digital manufacturing, simulation |
| Hexagon Geosystems Services India Pvt Ltd | Hexagon | 57 | Gurugram | Digital reality, industrial intelligence |
| Infinite Uptime India Pvt Ltd | Infinite Uptime | 55 | Pune | Predictive maintenance, AI & IIoT |
| Balluff Automation India Pvt Ltd | Balluff | 46 | Pune | Sensors & industrial automation |
| Pratiti Technologies Pvt Ltd | Pratititech | 37 | Pune | Industrial software & digital engineering |
Key Insights
- Revenue concentration is top-heavy, with Zetwerk contributing the majority of sector scale.
- Pune, Bengaluru, and NCR have emerged as India’s primary automation and Industry 4.0 hubs.
- The ecosystem spans hardware, software, and platform-led models, indicating sector maturity.
- Predictive maintenance, robotics, and digital manufacturing are the fastest-scaling sub-segments.
- Most players remain unlisted, pointing to upcoming IPO and strategic M&A opportunities.
Future Prospects
The outlook for India’s automation sector is structurally strong:
- Manufacturing shift to India: China+1 strategies and domestic capex cycles will accelerate factory automation adoption.
- Rising labour costs & quality demands: Automation will move from optional to essential across industries.
- SME digitisation: SaaS-led IIoT platforms and affordable robotics will push adoption beyond large enterprises.
- AI-led factories: Predictive maintenance, digital twins, and autonomous decision-making will define the next growth phase.
- Capital markets activity: Several unlisted leaders are approaching the scale required for IPOs or strategic exits.
Over the next 5–7 years, India is likely to produce globally relevant automation champions, not just regional service providers.
Conclusion
India’s Robotics, IoT, and Smart Manufacturing ecosystem has moved beyond experimentation into scaled execution. The companies highlighted, largely founded after 2015 and still unlisted, are becoming the operating backbone of modern Indian factories.
From platform-driven manufacturing (Zetwerk) to indigenous robotics (Addverb), AI-powered uptime intelligence (Infinite Uptime), and deep industrial software (Hexagon, Pratiti), the sector is diverse, credible, and fast-compounding.
Automation in India is no longer about catching up. It is about building long-term global manufacturing competitiveness.
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