About Thriveni
Thriveni is a Natural Resources company based in Salem (India) founded in 2000, and was acquired by Tata Steel in December 2025. Mineral beneficiation and metal manufacturing are pursued by diversified miner. Thriveni has raised $98.18 million across 3 funding rounds from investors including Tata Steel, Lloyds Metals and Energy and Aryan Mining. The company has 118 employees. Thriveni was last valued at $581.5 million in March 2022. Its website thriveni.com draws about 16 thousand monthly visits. Its focus areas include Mining, Mining Companies and Diversified.
Company details
The company was founded in 2000 in Salem, India, within the mining sector. Diversified operations are managed, including exploration, project execution, engineering, procurement, construction, and mineral processing. Services encompass mine development, equipment refurbishment, logistics, and marketing. Partnerships with local communities are emphasized to support economic growth in challenging environments, alongside investments in technological innovation for outcome-driven solutions.
- Headquarters Salem, India
- Employees 118
- Stage Acquired
- SectorsNatural Resources
- Website category Vehicles · Aviation
- Website thriveni.com
- Social LinkedIn X
- Acquired by Lloyds steel (Jan 2025)
- Annual Revenue$1.07 B (USD)12as on Mar 31, 2023
- Net Profit-$35.25 M (USD)-255as on Mar 31, 2023
- EBITDA$59.65 M (USD)-42as on Mar 31, 2023
- Total Equity Funding$98.18M (USD)
in 3 rounds
- Latest Funding Round$43.44M (USD), Series C
Mar 2022
- InvestorsTata Steel
& 5 more
- Employee Count118
- Acquired by
Funding Insights of Thriveni
Thriveni has successfully raised a total of $98.18M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $43.44 million completed in March 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $98.18M
- Total Rounds 3
- Last Round Series C — $43.44M
- First Round $33.65M
(Oct 2010)
- Investors Count 4
All 3 funding rounds of Thriveni with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2022 | $43.44M | Series C | $581.5M | Aryan Mining and Trading Corporation | – |
| Dec 2019 | $21.08M | Angel Round | $476.02M | – | |
| Oct 2010 | $33.65M | Private Equity Round | – | Samara Capital | – |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2022 | $581.5M | •••••••• |
| Dec 2019 | $476.02M | •••••••• |
Last known valuation $581.5M (Mar 2022). 6 investors in total: 4 institutional and 2 angel.
Investors in Thriveni
Thriveni has secured backing from 6 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Tata Steel, Lloyds Metals and Energy and Aryan Mining.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investments are managed across multiple sectors. | samaracapital.com | Mumbai, India | ||
A company involved in mining and trading activities. | aryanmining.in | |||
Steel and related metal products are manufactured globally. | 1907 | tatasteel.com | Jamshedpur, India | |
IP Indrani Patnaik | unknown_5ce815bd220f4f98b | |||
SK Sudhir Kumar Sinha | unknown_e984fbb2efec47abb | |||
Iron ore, DRI, pellets, and steel products are manufactured. | 1974 | lloyds.in | Wardha, India |
Investor details for Thriveni
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Thriveni
6 people are tracked at Thriveni (3 in leadership, 3 in board & advisors); the tracked headcount is 118.
| Name | Role | Group |
|---|---|---|
| Managing Director | Leadership | |
B. Prabhakaran | Managing Director | Leadership |
Brahmanand Pandey | President-commercial & Procurement | Leadership |
Anurag Patnaik | Director | Board & advisors |
Paurush Roy | Director | Board & advisors |
Anshuman Patnaik | Director | Board & advisors |
Complete people profiles for Thriveni
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Thriveni
6 dated milestones of Thriveni across 25 years, from founding to its latest funding, stage changes and deals.
- Founded Thriveni is founded.
- Funding First funding round of $33.6M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series C, of $43.4M.
- Exit Acquired by Lloyds steel.
- Exit Acquired by Tata Steel.
Web traffic of Thriveni
The website of Thriveni (thriveni.com) receives about 16.5K visits a month and ranks #2,922,365 among all websites worldwide, #1,556 in Aviation.
- Monthly visits16.5K
▲ 107.3% vs previous month
- Unique visitors4K
per month
- Global rank#2,922,365
among all websites
- Category rank#1,556
Vehicles · Aviation
- Bounce rate60%
- Pages per visit1.3
- Average visit24 sec
- DevicesDesktop 23% · Mobile 77%
Websites whose visitors overlap most with Thriveni. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
itsmyascent.com | itsmyascent.com | 100% | – | ||
thriveniearthmovers.com | thriveniearthmovers.com | 100% | – | ||
| lloyds.in | 73% | 50K | #421,021 | View details |
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Frequently Asked Questions about Thriveni
Thriveni was founded in 2000 and raised its 1st funding round 10 years after it was founded.
Thriveni is headquartered in Salem, India. It is registered at Salem, Tamil Nadu, India.
Thriveni is a funded company, having raised a total of $98.18M across 3 funding rounds to date. The company's 1st funding round was a Private Equity Round of $33.65M, raised on Oct 2010.
Thriveni has 118 employees.
Annual revenue of Thriveni is $1.07B as on Mar 31, 2023.
The company was founded in 2000 in Salem, India, within the mining sector. Diversified operations are managed, including exploration, project execution, engineering, procurement, construction, and mineral processing. Services encompass mine development, equipment refurbishment, logistics, and marketing. Partnerships with local communities are emphasized to support economic growth in challenging environments, alongside investments in technological innovation for outcome-driven solutions.
Thriveni has 6 investors. Key investors include Tata Steel, Lloyds Metals and Energy, Aryan Mining, Indrani Patnaik, and Sudhir Kumar Sinha.
The valuation of Thriveni is $581.5M as of Mar 2022.
Yes. Thriveni was acquired by Lloyds steel in January 2025.