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Despite periods of high volatility, impact from tariffs, and foreign investment outflow, India’s economy has been growing robustly in the past few years, in part due to policies and reforms that have boosted domestic demand and kept inflation low, according to a 2026 analysis by Deloitte. In a ranking list published earlier in February, Indian companies made up a major portion of the Asia-Pacific’s Best Companies. To find out which companies and sectors are driving India’s economy, TIME partnered with Statista to rank the fastest growing companies in the country based on the greatest changes in reported revenues from fiscal year ending March 2022 to March 2025.
Methodology: How TIME and Statista Determined India’s Fastest-Growing Companies of 2026
The greatest portion of top companies were headquartered in the city of Mumbai, often considered India’s financial capital. Engineering and Manufacturing was the top sector, followed by IT and Software. The top company on the list is used car-selling platform Spinny, followed by sustainable packaging provider Xolopak. Spinny, founded in 2015, was valued at $1.8 billion in 2021. Last year, it raised $160 million to acquire car services startup GoMechanic, which would expand its reach in the used car value chain, and grow its footprint in the automotive market. Xolopak, established in 2014, makes biodegradable wooden cutlery and other sustainable disposables from ice cream sticks to paper containers. It supplies customers like Amul, India’s largest dairy producer and the top brand in Yogurt, Cheese, and Ice Cream. It filed for an initial public offering with the National Stock Exchange of India in late 2024.
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