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Prism Geo · India · Punjab · Ludhiana · The startup picture in Ludhiana
Startups · Ludhiana

The startup picture in Ludhiana

Everything startup in one place: who's building, how the landscape clusters, the people and investors behind it, and whether the capital is real.

Summary

Venture capital is a weak layer over a busy company base. Only 42 of 1400 tracked firms have ever raised outside money; nearby Chandigarh counts 112 funded startups, underscoring how much capital formation Ludhiana still lacks.

WATCH Watch for repeat fundraises and local seed investors, not merely new incorporations.
Summary

Company creation is active, but survival and finance are the weak links. Since 2018, 373 companies were founded; 13.1% of all tracked companies have shut down. With most firms unfunded and only a small funded ladder, Ludhiana produces founders more readily than durable, finance-backed scale.

WATCH Watch whether recent founders survive long enough to hire, scale and attract follow-on capital.
Who's building in Ludhiana
Vardhman logo
V

Vardhman

Established textile manufacturer with a strong track record

est. 1965 · 24,339 staff · raised outside money
Sachit Jain — Managing Director
Paul Oswal — CEO
Bonn logo
B

Bonn

Automated Healthy Bread & Biscuit Production for Global Markets

est. 1985 · 4,275 staff · raised outside money
Manjit Singh — Assistant Manager HR
Jatinder Singh — Managing Director
Happy Forgings logo
HF

Happy Forgings

Manufacturer and supplier of drive transmission components

est. 1973 · 3,201 staff · raised outside money
Paritosh Kumar Garg — Founder & Managing Director
N S Juneja — CEO
IOLCP logo
I

IOLCP

Organic Chemical Manufacturing and Bulk Drug Supply

est. 1986 · 2,885 staff · raised outside money
Vikas Vij — CEO · Bachelor of Engineering Punjabi University
Leeford Healthcare logo
LH

Leeford Healthcare

Leeford Healthcare: Legacy Pharma with Expanding Product Portfolio

est. 2006 · 2,736 staff · raised outside money
Amit Gupta — Founder & Manging Director
Monte Carlo logo
MC

Monte Carlo

Monte Carlo fashion brand with extensive retail reach.

est. 1984 · 2,016 staff · raised outside money
Jawahar Oswal — CEO & MD
Ludhiana Beverages logo
LB

Ludhiana Beverages

Coca-Cola India's Established Beverage Portfolio

est. 1994 · 914 staff · raised outside money
Kailash Kumar Goenka — Managing Director
Modern Steels logo
MS

Modern Steels

Innovative Iron & Steel Co.: High-Quality Products & Services

est. 1973 · 758 staff · raised outside money
Krishan Kumar Goyal — Managing Director
Deepak Fasteners logo
DF

Deepak Fasteners

High-Tech Integrated Fastener Manufacturing

est. 1958 · 550 staff · raised outside money
Sanjeev Kalra — Managing Director
Karthikeyan Jayapal — Director
Up Money logo
UM

Up Money

EMI based low interest loans with frequent reminder service

est. 2014 · 541 staff · raised outside money
Ravi Kumar — Co-Founder
Ajit Chawla — Managing Director
Neva Garments logo
NG

Neva Garments

Clothing for Life: Innovative Apparel for Every Stage

est. 1998 · 327 staff · raised outside money
Nirmal Kumar Jain — CEO & MD
Vardhman Acrylics logo
VA

Vardhman Acrylics

Vardhman: Innovative Acrylic Fiber & Tow Manufacturing

est. 1999 · 310 staff · raised outside money
Bal Krishan Choudhary — Managing Director
Duke Fashions logo
DF

Duke Fashions

Leading provider or high-quality clothing and accessories.

est. 1966 · 308 staff · raised outside money
Kuntal Raj Jain — CEO
Hero Motors logo
HM

Hero Motors

Innovative and tech-enabled Hero Motors: delivering high-quality products at affordable prices

est. 1998 · 201 staff · raised outside money
Amit Gupta — CEO & MD
GS Auto International logo
GA

GS Auto International

500 Distributors & 10,000 Retailers Network in Auto Component Market

est. 1938 · 62 staff · raised outside money
Jasbir Singh Ryait — Chairman & CEO
TCYonline logo
T

TCYonline

Online and offline test preparation courses offering company

est. 1998 · 39 staff · raised outside money
Yogesh Wadhera — Co-Founder
TickTalkTo logo
T

TickTalkTo

Online telemedicine platform for psychological therapy

est. 2016 · 22 staff · raised outside money
Abhay Singhal — Founder & CEO
Freshleaf logo
F

Freshleaf

Finest tea from India & world for best quality and flavor

est. 2022 · 16 staff · raised outside money
Muneet Arora — Co-Founder · BA Pearl Academy
Balkirat Singh — Co-Founder & CEO · BCom Panjab University
Pancham Hospital logo
PH

Pancham Hospital

Care hospital providing multi-specialty services

est. 2013 · 12 staff · raised outside money
KanwalJit Kaur — CEO
Black Eye Technologies logo
BE

Black Eye Technologies

Smart IoT and AI devices for B2B businesses

est. 2018 · 11 staff · raised outside money
Harminder Singh — Co-Founder & Managing Director · BTech I.K.Gujral Punjab Technical University
HUMhain logo
H

HUMhain

App-based platform for on-demand hyperlocal deliveries

est. 2012 · 10 staff · raised outside money
Milind Kwatra — Co-Founder & CEO
Arsh Narula — Co-Founder & COO · BCA LPU
Shingora logo
S

Shingora

Premium brand for high fashion lifestyle stoles, shawls & accessories

est. 1976 · 10 staff · raised outside money
Anuj Jain — CEO
Superlearn logo
S

Superlearn

Online platform providing after-school activity classes for kids

est. 2020 · 10 staff · raised outside money
Kunal Bhatia — Co-Founder · MSc BITS Pilani
Ricky Gupta — Co-Founder · MBA NMIMS
Findyourkicks logo
F

Findyourkicks

Online marketplace platform offering second hand sneakers

est. 2006 · 9 staff · raised outside money
Simar Singh — Co-Founder
Harshdeep Singh — Co-Founder
The startup landscape, clustered
cluster · 178 companies

Auto

20 founded since 2018 · 3 funded

Sub-themes
auto components · 141bicycle manufacturers · 25auto retail & aftersales · 11auto brands · 2sports equipment · 1auto e-commerce & content · 1

e.g. Emson Gears, Happy Forgings, New Swan

cluster · 168 companies

Business Services

46 founded since 2018 · 1 funded

Sub-themes
it services · 69marketing services · 43hr services · 9management consulting services · 8legal services · 7facility management services · 6

e.g. Promatics Technologies, Pragyaware Informatics, Technossus

cluster · 166 companies

Retail

65 founded since 2018 · 8 funded

Sub-themes
fashion tech · 45apparel brands · 20beauty tech · 17internet first brands · 12horizontal e-commerce · 12wholesalers · 11

e.g. Ganga Acrowools, Malwa Cotton Spinning Mills Ltd., Mi Arcus

cluster · 146 companies

Consumer Goods

38 founded since 2018 · 12 funded

Sub-themes
apparel brands · 53food & beverage products · 23beauty & personal care products · 15home furnishing products · 12contract manufacturers · 11internet first brands · 10

e.g. Bonn, Malwa Cotton Spinning Mills Ltd., Mi Arcus

cluster · 109 companies

Consumer

44 founded since 2018 · 5 funded

Sub-themes
fashion tech · 45b2c e-commerce · 13wedding tech · 10matchmaking · 9social platforms · 7logistics tech · 7

e.g. Vehicle Tracking System, Jodiconfirmed.com, Glamly.com

cluster · 93 companies

Industrial Goods And Manufacturing

11 founded since 2018 · 1 funded

Sub-themes
manufacturing services · 57contract manufacturers · 19industrial automation equipment · 11industry 4.0 · 7manufacturing tech · 3b2b e-commerce · 2

e.g. Sportking, Oswal Group, Garg Acrylics

cluster · 92 companies

Food And Agriculture

24 founded since 2018 · 5 funded

Sub-themes
food & beverage products · 23crop equipment · 18food processing & packaging equipment · 12food processing · 8food service chains · 6food distributors · 5

e.g. Bonn, Ludhiana Beverages, Yerik International

cluster · 78 companies

Healthcare

20 founded since 2018 · 3 funded

Sub-themes
hospitals · 18traditional pharmaceuticals · 11alternative medicine products · 10clinics · 8traditional nutraceuticals · 3rehabilitation and long-term care · 3

e.g. Dayanand Medical College & Hospital, IOLCP, Leeford Healthcare

cluster · 65 companies

Chemicals And Materials

6 founded since 2018 · 3 funded

Sub-themes
textile yarn · 23metals and alloys · 15diversified chemicals · 9materials distributors · 4dyes pigments and inks · 2paints and coatings · 2

e.g. Vardhman, Ganga Acrowools, IOLCP

cluster · 51 companies

Real Estate And Construction

10 founded since 2018 · 2 funded

Sub-themes
building materials · 19real estate & infrastructure developers · 8facility management services · 6construction equipment and machinery · 5architects · 4real estate brokers · 4

e.g. Deepak Fasteners, CEIGALL INDIA LIMITED, Keaa International

Business models in play
multi category · 209diversified · 185horizontal · 185internet first brand · 109multi-category · 73casual wear · 67men and women · 57b2c commerce · 55fashion · 54application development · 53apparel · 43full service marketing agency · 42
The people behind them
Founder & BackgroundRoleCompany
Vikas Vij
Ex-Cipla, Apollo Hospitals, Ranbaxy, GVK Biosciences, Alembic Pharmaceuticals, Jubilant Organosys, JK Tyre. Panjab University BE 1
CEOIOLCP
Amit Gupta
Founder & Managing Director-Leeford Healthcare
Founder & Manging DirectorLeeford Healthcare
Sumel Chawla
Ex-HSBC, Nationwide Building Society, RBS. EY. NMIMS MBA 2006
Co-FounderUp Money
Amit Gupta
Indian School of Business 2012
CEO & MDHero Motors
Abhay Singhal
IIT Bombay
Founder & CEOTickTalkTo
Muneet Arora
Pearl Academy BA 2016
Co-FounderFreshleaf
Balkirat Singh
Co-Founder Highkind. Panjab University BCom 2016
Co-Founder & CEOFreshleaf
KanwalJit Kaur
Government Medical College, Amritsar MA 1997
CEOPancham Hospital
Harminder Singh
Punjab Technical University BTech 2017, CT University MBA 2023
Co-Founder & Managing DirectorBlack Eye Technologies
Milind Kwatra
TED, ex-Dhawan Processors. Sri Aurobindo College BBA 2016
Co-Founder & CEOHUMhain
Arsh Narula
The Lords, ex-Founder Khuraak, Food Post, The Art of Living, Ak Steels, Super Ispat Udyog, GS AUTO. Lovely Professional University
Co-Founder & COOHUMhain
Kunal Bhatia
Ex-Co-Founder SuperLearn. Birla Institute of Technology and Science MSc 2012
Co-FounderSuperlearn
Ricky Gupta
Ex- Founder FinRise Investment Services, Political Consultant, ICICI Bank, ICICI Securities, MyDU.in. Shri Ram College of Commerce
Co-FounderSuperlearn
Simar Singh
Sri Guru Gobind Singh College Of Commerce 2018
Co-FounderFindyourkicks
Harshdeep Singh
IIT, Delhi 2019
Co-FounderFindyourkicks
Danish Chawla
Sri Guru Gobind Singh College Of Commerce BCom 2018
Co-FounderFindyourkicks
Navnoor Kaur
Ex-Kotak Mahindra, Soulbowl. Panjab University,Chandigarh BCom 2017, Institute of Management Technology, Ghaziabad PGDM 2019
Co-Founder & CEOJaggercane
Rajinder Gupta
Trident, Harvard Business School, 2010
Founder & ChairmanTrident Group
Sav Jain
Sensis, ex-Ultimate Inventory Systems, Ivy Comptech. Punjabi University MCA 2004
Co-FounderAccountsDeck
https://www.linkedin.com/in/gaurav-jain-a5a75b11
Socket Magnate, 2011
Co-FounderAccountsDeck

backgrounds shown where available

Investors active in Ludhiana

151 investors are on record backing Ludhiana companies. The most committed:

Most active — backed 2+ companies
Institutional
Brand Capital · VC fundDLabs · accelerator / incubatorVentureLab · accelerator / incubatorInflection Point Ventures · VC fundFirstport Capital · VC fundGX Ventures · VC fundPontaq · VC fundHuddle Ventures · VC fundIncubate Fund · VC fundThapar Vision · VC fundSequoia Capital · VC fundWow Investments · VC fundIIM Udaipur Incubation Center · accelerator / incubatorempoWer · accelerator / incubator
Private & corporate backers
Priyanka ChawlaRohit RazdanAman GuptaAnupam MittalPunjabAngelsNetworkBaring Private Equity PartnersHDFC Mutual FundAmrinder SinghMotilal Oswal Financial ServicesMotilal Oswal Private Equity+ 127 more

hover a name to see who they backed

Venture capital
Funded startups — peer cities
Companies that have raised
CompanyIndustryRoundsLatest RoundFounded
Deepak Fastenersmechanical or industrial engineering42022-061958
Happy Forgingsautomotive32018-091973
Neva Garmentsapparel & fashion22016-061998
Shingoraapparel & fashion12009-111976
AccountsDeckaccounting02006
Apkfollowcomputer games12024-022017
Black Eye Technologiesinformation technology and services12021-112018
Bluwagefood & beverages02018
Bonnfood production01985
Burger Baeapparel & fashion02025-022018
Cotton Countycomputer software22008-032001
Duke Fashionsapparel & fashion01966
Findyourkicksapparel & fashion22022-022006
Florealretail02026-032024
Freshleaffood & beverages12024-042022
GS Auto Internationalautomotive01938
Hero Motorsautomotive12023-011998
HUMhainconsumer services42020-092012
Importrwholesale02023
IOLCPpharmaceuticals01986
Jaggercanefood production02021
Kittyfood production22021-101998
Ludhiana Beveragesfood & beverages01994
Leeford Healthcarepharmaceuticals02006
Master Trustfinancial services21985

round amounts sparse for tier-3 cities — counts shown, dollar totals withheld

Founded by year
2025: 8200820258
Stages
Recent founds (2018+)
CompanyIndustryFoundedEmployees
CypherMDhospital & health care2025
Grow on Redditmarketing and advertising2025
Klircosmetics2025
Ravenex Technologiesinformation technology and services2025
Securificomputer & network security2025
Oye Hoyecosmetics2025
URDplaycomputer games2025
Weekalpinternet2025
Ziya Renewablerenewables & environment2024
Sewing Machine Table Topmachinery2024
Optifoxmarketing and advertising2024
Booking Soukcomputer software2024
Circloplastics2024
Dalveyapparel & fashion2024
Designer Mindzmarketing and advertising2024
Digital 360marketing and advertising2024
elCle Cyclesautomotive2024
Elmico Power Toolsmachinery2024
Florealretail2024
GLEAMING APPARELSapparel & fashion2024

gate: ≥150 companies & ≥20 recent founds — passed (1400/373)

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