Magma is an Ahmedabad-based B2B industrial solutions provider, specializing in providing supply chain and manufacturing solutions. Founded in 2022 by Neal Thakker, the company has been instrumental in optimizing manufacturing processes for over 250 industrial clients across diverse sectors such as ceramics, chemicals, and packaging. By 2025, Magma has achieved a notable revenue run rate of INR 250 crore and secured a total funding of $8.34 million over five rounds. Headquartered in Ahmedabad, Magma positions itself as a crucial player in catalyzing India's manufacturing prowess.
| Attribute | Information |
|---|---|
| Founding Date | 2022 |
| Headquarters | Ahmedabad, India |
| Founders | Neal Thakker |
| Revenue | INR 250 crore run rate |
| Key Investors | Capria Ventures, Accion Venture Lab, WEH Ventures, General Catalyst |
| Industry | Manufacturing Solutions |
| Number of Employees | Over 250 |
Magma was founded in August 2022 by Neal Thakker, quickly capturing attention in the manufacturing sector. The initial funding round helped Magma establish itself as a B2B solutions provider focusing on procurement and logistical innovations. The company's strategic aim was to facilitate small and medium-sized enterprises (SMEs) by providing access to high-quality raw materials and energy-efficient solutions. Magma's early success is credited to its commitment to sustainability and eco-friendly practices which cater to a growing demand for green supply chain management.
Magma positions itself as the "infrastructure backbone" for manufacturing, focusing on end-to-end supply chain solutions:
Magma has revolutionized factory operations by enabling real-time tracking and optimization using predictive technologies. Neal Thakker’s vision to transform traditional supply chain frameworks has led Magma to quickly adapt within the Indian manufacturing ecosystem and has set it apart from competitors like Power2SME and OfBusiness.
Magma’s operations focus on three core areas: customized raw materials, renewable energy solutions, and waste management. It’s poised as a pivotal player in changing how Indian industries manage and adapt to sustainable practices. With over 250 engaged clients, including giants like Adani and Reliance, the company enjoys a strong market presence. Magma’s offering notably enhances productivity through backward integration in manufacturing processes. Its progressive approach to integrating AI across supply chain operations has gained widespread industry recognition and has helped solidify its market position.
As Magma progresses, its visionary path in the Indian manufacturing solutions sector highlights both its present successes and future potential. With commitments to technological integration and sustainability, Magma continues to redefine industry standards. The company's forward-thinking initiatives promise a substantial impact on India's industrial growth and expansion over the coming years, establishing it as a potential leader in the global manufacturing solutions arena.