“We’re a real business solving real problems for factories, and FY26 will be about fulfilling this order book with full control of the value chain while balancing profitability and sustainability." - Neal Thakker, Founder & CEO, Magma
September 2025 : Magma, a B2B industrial solutions startup, has announced that its order book has surpassed the ₹500 crore mark for the current financial year (FY26). This significant achievement highlights the strong demand for its diverse suite of offerings, which includes specialty raw materials, waste management, green energy, biomaterials, and logistics.
The company currently provides solutions to manufacturers across key sectors such as building materials, packaging, paper, chemicals, polymers, and plastics. Magma attributes its success to an ecosystem-led model that prioritizes both scale and profitability. In a strategic move, the company is also scaling down its industrial gases vertical to focus on higher-quality, more critical revenue streams.
As part of its growth strategy, Magma has introduced TerraMag, a private-label arm that produces industrial powders and compounds from its own processing facility. The company plans to expand this private label with more SKUs in the coming quarters, strengthening its control over the value chain. Additionally, Magma is scaling its waste management business, which now includes PET and plastic waste, in addition to its initial focus on packaging and kraft waste. This expansion aims to create a more comprehensive circular economy offering for its industrial clients.
With a presence across 10 states, Magma is confident that it will fulfill a majority of its ₹500 crore order book within the current year.
According to Neal Thakker, Founder & CEO, Magma, "Crossing this milestone reflects the trust and confidence India’s factories have placed in us. We’re a real business solving real problems for factories, and FY26 will be about fulfilling this order book with full control of the value chain while balancing profitability and sustainability."
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