Ahmedabad, Gujarat, India | 10th September 2025: Industrial solutions startup Magma has surpassed the ₹500 crore milestone in its FY26 order book, driven by strong demand across speciality raw materials, green energy, biomaterials, logistics, and waste management solutions.
Magma currently caters to manufacturers in building materials, packaging, paper, chemicals, polymers, and plastics, leveraging an ecosystem-led growth model while maintaining profitability and margin discipline. To sharpen its focus on high-value verticals, the company is strategically scaling down its industrial gases segment under green energy and prioritizing critical, sustainable revenue streams.
TerraMag: Expanding Value-Chain Control
Under its raw materials division, Magma has launched TerraMag, its private-label brand producing industrial powders and compounds at its in-house processing facility. Designed for consistent, application-ready performance, TerraMag supports critical production processes across multiple industries. Magma plans to expand TerraMag’s SKUs in the coming quarters, reinforcing its value-chain integration strategy.
Circular Economy Through Waste Management
Magma is also scaling its waste management business, which began with packaging and kraft waste. The company has since expanded into PET and plastic waste recycling, building a comprehensive circular economy offering for industrial clients while strengthening supply of sustainable, recycled inputs.
Nationwide Presence and Growth Outlook
With an operational footprint across 10 Indian states, Magma is confident of fulfilling the majority of its ₹500 crore order book within FY26.
“Crossing this milestone reflects the trust India’s factories place in us. We are solving real problems for real industries, and FY26 will focus on fulfilling this order book with full value-chain control, balancing profitability and sustainability,” said Neal Thakker, Founder & CEO of Magma.
