TEXMIN

What TEXMIN does

TEXMiN (Technology Innovation in Exploration & Mining Foundation) is a Section-8 non-profit company established in 2018 under the National Mission on Interdisciplinary Cyber-Physical Systems (NM-ICPS) by India's Department of Science and Technology, and hosted at IIT (ISM) Dhanbad. In 2025, it was recognized by DST as one of India's four Technology Translation Research Parks (TTRPs), upgrading its original Technology Innovation Hub (TIH) mandate. Its core function is to develop and translate cyber-physical system (CPS) technologies — IoT, AI/ML, computer vision, drones, robotics, blockchain, satellite imagery, 5G, digital twins, and geospatial analytics — into commercially viable solutions for mineral exploration and mining, with a stated objective of enabling 3S Mining (Safe, Smart, Sustainable) and Mining 4.0 in India.

The organization has built a portfolio of 40+ CPS-based products and technologies, including a VR Mine Simulator, 5G-enabled automated guided vehicles, 5G surveillance drones with swarm control, an indoor positioning system with 5 cm accuracy, AI-based driver assistance systems, FRP-instrumented rock bolts, quadruped robots, AI-assisted 3D geologic inversion for mineral exploration, AI-based grinding circuit optimization for copper processing, and a Wearable for mine workers. Operational services include Mine Asset Tracking and Envisage, a geospatial data processing and dashboarding platform. The organization also runs a Chanakya fellowship program (UG and PG) for students, an Entrepreneur-in-Residence (EIR) program, and has incubated 16+ startups with seed funding exceeding INR 5 crore, while training 900+ mining professionals through Continuous Professional Development (CPD) programs.

TEXMiN's business model is grant- and partnership-driven rather than commercial. Revenue streams include DST/NM-ICPS government funding, MoU-based joint R&D with mining PSUs (Coal India, SAIL-IISCO, MOIL, GMDC, OMC) and private miners (Adani Enterprises, Hindalco), paid CPD and training programs, startup incubation grants (up to INR 50 lakhs per project under CFP-2024), and nascent SaaS monetization through the Mine Asset Tracking and Envisage platforms. The customer base spans domestic and international mining PSUs, state mining corporations, government bodies (NITI Aayog, GSI), deep-tech startups, academic institutions, and global technology vendors (Hexagon, Esri India, Sandvik, Dassault Systèmes, Agilent, Anton Paar, Carlson Software). Demand generation runs through event participation (IMME, India Mobile Congress, Bharat Innovates 2026, The Mining Show Dubai), NITI Aayog policy dialogues, and MoU announcements at national and international forums.

Name

TEXMIN

Legal name

Technology Innovation in Exploration & Mining Foundation

Website

https://texmin.in

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

TEXMiN is a DST-funded Section-8 non-profit Technology Translation Research Park at IIT (ISM) Dhanbad that develops cyber-physical system technologies — AI, IoT, drones, robotics, 5G, and digital twins — for India's mining and mineral exploration sector, serving mining PSUs, private miners, government bodies, and deep-tech startups.

Ownership category

akta.pro rank

Headquarters

HQ city

Dhanbad

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales, Others

Revenue model

1. Government and DST Funding: TEXMiN is established under the Department of Science and Technology's NM-ICPS Mission and operates as a Section-8 company receiving government funding for research, technology development, and translation activities.
2. Incubation and Startup Funding: TEXMiN provides incubation and seed funding to startups (5 funded startups announced at IInvenTiv 2026: Spry Field Solutions, NAVAXON Technologies, MaxelS Tekventures, RESCMM & Tech Solutions, and Velastra) and receives co-investment or grants for startup ecosystem development.
3. Training and Capacity Building Services: TEXMiN conducts paid Continuous Professional Development (CPD) programs, onboarding and induction training, slope and dump stability programs, and digital mine planning workshops for mining companies and PSUs such as OMC, WBPDCL, and Hindalco.
4. Technology Development and Joint Product Development: TEXMiN engages in joint product development and technology development with industry partners through MoU arrangements, potentially including licensing or co-development fees.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels11 records

Core offering

TEXMiN (Technology Innovation in Exploration & Mining Foundation) is a Section-8 non-profit Technology Translation Research Park (TTRP) that develops and deploys cyber-physical systems (CPS) based solutions—including IoT, AI/ML, drones, robotics, digital twins, and satellite imagery—for the mineral exploration and mining sector. The organization conducts joint R&D, technology incubation, training programs, and innovation ecosystem development in partnership with mining PSUs, government bodies, and academic institutions to enable Mining 4.0 (Safe, Smart, Sustainable Mining).

Product overview

TEXMiN is a Technology Innovation Hub established under the National Mission on Interdisciplinary Cyber-Physical Systems (NM-ICPS) by the Department of Science and Technology, Government of India, at IIT (ISM) Dhanbad. It operates as a technology translation research park focused on developing CPS-based solutions for the mining and exploration sector. The portfolio includes AI-based products (Advanced Driver Assistance System, Video Telematics JC400, Equipment Management), IoT and connectivity solutions (5G AGV, 5G RTU, Indoor Positioning System), surveillance technologies (5G Surveillance Drones), and specialized mining technologies (Wearable for Workers, Rock Bolt Development, Quadruped Robot, Underground Positioning System). Supporting services include Mine Asset Tracking, Envisage geospatial platform, and a startup incubation program. The company aims to achieve 3S Mining (Safe, Smart, and Sustainable Mining leading to Mining 4.0).

Differentiator

Problem solved

Functional benefit

Brands

• CoRE-MiN: Centre of Research Excellence in Mining and Innovation for Critical Materials - established under National Critical Mineral Mission for critical minerals value chain research
• Chanakya Fellowship Program
• TEXMiN Starter Cell
• IMiN

Products and services

• AI-based Advanced Driver Assistance System Driver-assistance system for mine vehicles providing 360-degree proximity alerts, safe braking distance monitoring, dual vehicle and pedestrian detection, and traffic violation recording. Built for mining fleet operators and mine safety teams.
• Video Telematics (JC400 DVR) Dual-camera DVR system with 4G connectivity for fleet and vehicle safety, including front-facing road recording and driver-facing cabin monitoring. Designed for mining fleet operators and asset managers.
• Indoor Positioning System (IPS) Wi-Fi and BLE-based positioning system for underground mines delivering up to 5 cm accuracy for pathfinding, object tracking, and tagging. Targeted at underground mine operators requiring miner and equipment tracking.
• 5G-enabled Automated Guided Vehicle (AGV) Automated guided vehicles powered by 5G connectivity for material handling and transportation inside mines, capable of continuous operation to reduce downtime. Intended for mining companies seeking automation of underground logistics.
• 5G Remote Terminal Unit (RTU) 5G-enabled RTU for connecting and controlling sensors including flowmeters, pressure transducers, temperature sensors, gyros, energy meters, and IoT devices with switching and alarm capabilities. Built for industrial mine-site control systems.
• 5G Surveillance Drone Unmanned aerial vehicles with swarm control, 3D mapping algorithms, and IoT sensor software for mine-site monitoring, mapping, and maintenance. Intended for opencast and large-area mine surveillance operations.
• Wearable Devices for Mine Workers Wearable monitoring devices providing mine workers on-demand access to operational information including equipment status and air-quality conditions. Targeted at mining safety officers and underground workforce programs.
• AI-based Predictive Maintenance System for Mobile Assets Sensor-based AI system for predictive maintenance scheduling and optimization of mobile assets in underground metal mines. Designed for mine maintenance teams seeking reduced unplanned downtime.
• AI-based Circuit Improvement Tool AI-based tool for performance improvement of grinding circuits in copper processing plants. Built for mineral processing plant operators seeking throughput optimization.
• FRP-based Instrumented Rock Bolt Fibre-reinforced polymer rock bolt with instrumentation for monitoring underground coal mine gallery support. Intended for underground coal mine geotechnical teams.
• MI-Assisted 3D Geologic Inversion Machine-intelligence-aided 3D geologic inversion solution to enhance mine planning in mineral exploration. Targeted at mineral exploration geologists and mine planning teams.
• Sensor-based Dust Suppression System Automated dust suppression system for haul roads in opencast coal mines using sensor-driven activation. Designed for opencast coal mine operators needing environmental compliance.
• Quadruped Robot for Mining Applications Robotic quadruped platform for inspection, surveillance, and data collection in hazardous underground mining environments. Built for mining safety and inspection teams.
• Acoustic and Magnetic Induction Underground Positioning System Dual-mode positioning system using acoustic and magnetic induction for miner safety in underground mines. Intended for underground mining safety and tracking operations.
• Virtual Reality Mine Simulator VR-based training simulator for mining workforce development and safety standards. Built for mining companies, PSUs, and training institutes needing immersive operator and safety training.
• Mine Asset Tracking Service Real-time IoT- and sensor-based asset tracking service for mining operations accessible via web dashboard. Targeted at mining operators needing live equipment and personnel location visibility.
• Envisage Geospatial Platform Geospatial data processing, reporting, and dashboarding platform for mining operations. Designed for mining planners, geologists, and operations teams requiring spatial analytics.
• TEXMiN Startup Incubation Program Incubation and seed funding program for startups in the mining and exploration sector, providing mentorship, market access, and lab facilities. Built for deep-tech startups developing CPS-based solutions for mining.

Quantifiable outcome

• 40+ products/technologies developed and deployed in the mining sector
• +4 more outcomes

Named customers11 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability8 records

Feature30 records

Partnerships

35 partnerships are on record, tiered strategic, minor and core.

• IFP Energies Nouvelles (France)strategicStrategic or Co-development Partner · 17 June 2026MoU signed at Bharat Innovates 2026 in Nice, France, in the presence of Commerce and Industry Minister Piyush Goyal. The partnership aims to support joint research, student and faculty exchanges, and technology development in energy transition, sustainable mining, critical minerals, advanced materials, and digital technologies.
• École Centrale de Nantes (France)strategicStrategic or Co-development Partner · 17 June 2026MoU signed at Bharat Innovates 2026 alongside IFP Energies Nouvelles, supporting joint research, student and faculty exchanges, and technology development in energy transition, sustainable mining, critical minerals, advanced materials, and digital technologies.
• University of PretoriastrategicStrategic or Co-development Partner · 15 May 2026TEXMiN at IIT (ISM) Dhanbad and University of Pretoria formed an Indo-South Africa partnership focused on critical minerals, rare earths, and sustainable mining innovation. The collaboration supports academic and research cooperation in critical mineral technologies, addressing India's push to build research capacity and reduce dependence on external sources.
• University of PretoriastrategicStrategic or Co-development Partner · 15 May 2026Indo-South Africa critical minerals and sustainable mining innovation partnership, supporting academic and research cooperation to address India's push for critical mineral technology capacity building.
• Geological Survey of India (GSI)strategicStrategic or Co-development Partner · 26 March 2026MoU signed for collaboration on critical mineral exploration, integrating scientific methods and developing technologies to enhance India's mineral security and reduce external dependence.
• Odisha Mining Corporation Ltd. (OMC)strategicStrategic or Co-development Partner · 24 March 2026OMC, a Gold Category state PSU operating 19 mines across Odisha, signed MoU with TEXMiN for capacity building, research, and innovation in sustainable mining. Focus areas include managerial capability enhancement, digital transformation, policy compliance training, and structured Management Development Programmes.
• NTPC Mining LimitedminorStrategic or Co-development Partner · 1 January 2026MoU signed at IInvenTiv 2026 to support advanced research laboratories, Centers of Excellence, and technology development facilities in mining sector.
• JSC Giredmet (Rosatom)strategicStrategic or Co-development Partner · 1 December 2025Giredmet, a subsidiary of Russia's Rosatom, signed a letter of intent with TEXMiN (part of IIT-ISM) to develop neodymium-iron-boron (NdFeB) permanent magnet production capability across the full metallurgical cycle. This is part of India's broader strategy to secure rare earth supply chains and reduce dependence on China for critical minerals used in EVs and advanced electronics.
• Nexon Geochem Pvt LtdstrategicStrategic or Co-development Partner · 1 December 2025JSC Giredmet signed a separate MoU with India's Nexon Geochem for rare earth processing technology R&D, parallel to the LoI with TEXMiN, collectively forming India's rare earth technology acquisition strategy with Rosatom.
• NIT Rourkela (FTBI)strategicStrategic or Co-development Partner · 13 August 2025TEXMiN established the 'TEXMiN–FTBI NIT Rourkela Mining CPS Centre of Excellence (CoE)' at National Institute of Technology Rourkela, representing a strategic investment to accelerate technology-driven transformation in India's mining sector.
• India-UK Critical Minerals Global Supply Chain ObservatorystrategicStrategic or Co-development Partner · 1 May 2025The observatory, developed by TEXMiN, IIT (ISM) Dhanbad, and University of Cambridge, serves as a joint platform to monitor and analyze global critical mineral supply chains. Formalized through a research agreement in March 2026 following an initial announcement in October 2025, it supports India's National Critical Mineral Mission.
• India-Brazil Chamber of Commerce (IBCC)strategicGTM or Marketing Partner · 27 March 2025MoU signed to strengthen collaboration in critical mineral exploration and technology development, aligning with India's National Critical Mineral Mission (₹34,300 crore initiative). Opens trade and investment channels between Indian and Brazilian mining sectors.
• NIT NagalandminorStrategic or Co-development Partner · 27 March 2025One of three MoUs signed in a single day with prestigious North Eastern institutes. Aims to accelerate technological advancements and promote innovation in the North East India region.
• IIIT ManipurminorStrategic or Co-development Partner · 27 March 2025One of three MoUs signed in a single day with prestigious North Eastern institutes for technological collaboration and innovation.
• NIT MizoramminorStrategic or Co-development Partner · 27 March 2025One of three MoUs signed in a single day with prestigious North Eastern institutes for technological collaboration and innovation.
• SAIL-IISCO Steel Plant (ISP)strategicStrategic or Co-development Partner · 31 December 2024MoU signed for collaboration in mining technology development and innovation, strengthening the relationship between TEXMiN and India's public sector steel manufacturer.
• Guideline GeostrategicTechnology or Integration · 20 December 2024Partnership to establish a cutting-edge geophysical exploration laboratory at IIT (ISM) Dhanbad, marking a significant milestone for India's mining sector in the presence of Padma Bhushan Dr. VK Saraswat, Member of NITI Aayog.
• Web WerksstrategicTechnology or Integration · 17 November 2024Partnership to harness cyber-physical systems and high-performance computing to revolutionize the mining industry and accelerate Zetta-scale High-Performance Computing in India. Partnership launched at Web Werks Data Centre office in Bangalore.
• Coal India Limited (CIL)strategicStrategic or Co-development Partner · 2 September 2024CIL collaboration to enable IIT (ISM) Dhanbad and TEXMiN to establish the 'IMiN - Innovation on Mining' Center of Excellence for Mining 4.0 at TEXMiN, IIT (ISM) Dhanbad. CIL is India's largest coal mining company with significant influence over the sector's technology adoption.
• Hexagon IndiastrategicStrategic or Co-development Partner · 13 March 2024Collaboration resulting in the establishment of the 'TEXMiN – HxGN Centre of Excellence' (Centre for Digital Transformation & Excellence in Mining & Monitoring, or CDTEM2). MoA signed at the Embassy of Sweden. The CoE aims to establish R&D facilities for next-generation mining, mine mapping, monitoring, geospatial analytics, and surveying technologies.
• MOIL LimitedstrategicStrategic or Co-development Partner · 4 January 2024Partnership commitment for collaboration in mineral exploration, exploration discovery, and mining. Focus on development of AI/ML/Deep Learning-based non-destructive technologies for mineral exploration, leveraging India's heightened attention to mineral security.
• DGMS (Directorate General of Mines Safety)minorStrategic or Co-development Partner · 1 January 2024Listed as a collaborator, indicating a regulatory or safety technology partnership in the mining domain.
• SRK ConsultingminorStrategic or Co-development Partner · 1 January 2024Listed as a collaborator, suggesting an industry expertise or consulting partnership for mining innovation.
• Gujarat Mineral Development Corporation (GMDC)strategicStrategic or Co-development Partner · 5 December 2023iCEM–GMDC partnered with TEXMiN for innovation, skill development, joint projects, and technology development in mining.
• Carlson SoftwarestrategicTechnology or Integration · 28 August 2023MoU to set up TEXMiN – Carlson Lab ('TCL') under TEXMiN Geodesy Centre for innovative technologies in mapping, monitoring, and surveying for mines and allied industries. Empowers professionals with learning opportunities and future-ready surveying technologies.
• iCreateminorStrategic or Co-development Partner · 13 March 2023Partnership to create solutions integrating electromobility (E-mobility) in mining, leveraging mutual expertise to catalyze innovation in mining equipment electrification and energy conservation across the mining value chain.
• BIT Sindri (Bengal Engineering College)minorStrategic or Co-development Partner · 1 March 2023First institutional MoU exploring bilateral relationships for students/interns/incubated projects, entrepreneurs, and faculty including co-creation of entrepreneurial projects in mining and allied disciplines.
• Adani Enterprises LimitedstrategicStrategic or Co-development Partner · 6 February 2023Partnership to establish AEL 3S Mining Excellence Centre (3SMEC) at TEXMiN IIT(ISM) Dhanbad for sustainable mining, innovation in natural resource business, capacity building, and cadre management. Also addresses AEL's technical assistance and consultancy needs for improving mining operations' productivity and safety through CPS technologies.
• Esri IndiastrategicTechnology or Integration · 23 January 2023MoU to set up a Geospatial Excellence Centre at IIT (ISM) Dhanbad, leveraging Esri India's GIS software and solutions capabilities for mining geospatial analytics.
• Curtin University, AustraliastrategicStrategic or Co-development Partner · 1 October 2022MoU and formal partnership during Australia India Business Exchange 2022 to foster development and commercialization of CPS-based services and products in mineral exploration and mining sector. Curtin University is ranked second globally for Minerals & Mining.
• Dassault SystèmesstrategicTechnology or Integration · 22 September 2022Partnership with Dassault Systèmes to bring 3D modeling and simulation technologies to the TEXMiN ecosystem, supporting digital transformation of India's mining sector.
• SandvikstrategicTechnology or Integration · 1 September 2022Launch of Sandvik Mine Automation Learning Centre (SMAC) at TEXMiN to provide the mining sector with a future-ready workforce and unlock the potential of digital transformation in sustainable mining and metals.
• Department of Science and Technology (DST), Government of IndiacoreOthers · 1 January 2019DST established TEXMiN under the National Mission on Interdisciplinary Cyber-Physical Systems (NM-ICPS) Mission at IIT (ISM) Dhanbad. DST serves as the primary funding and policy backer, overseeing the TTRP designation. The relationship is foundational — DST provides the mandate, funding, and national platform recognition that enables all other partnerships.
• IIT (ISM) Dhanbad (Indian Institute of Technology, Indian School of Mines)coreOthers · 1 January 2019TEXMiN is hosted at IIT (ISM) Dhanbad as a Section-8 company established at the institute. The institution provides physical infrastructure (3rd Floor, i2h Institute Innovation Hub), faculty expertise, student talent pipeline, and institutional credibility. IIT ISM serves as the parent academic institution, with Prof. JK Pattanayak as Chairman and Prof. Dheeraj Kumar as Project Director.
• NM-ICPS (National Mission on Interdisciplinary Cyber-Physical Systems)coreOthers · 1 January 2019TEXMiN was established under the NM-ICPS program, a national mission providing the strategic framework for cyber-physical systems research and technology translation in India. NM-ICPS organizes the TIPS workshop series in which TEXMiN actively participates.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Deswik: Deswik offers mine planning, scheduling, and geological modelling software adopted by major mining companies globally. Comparable to TEXMiN's mine planning, geologic inversion, and digital mine design training programs, and a competitor in the same software niche.
• Micromine: Micromine delivers geological modelling, mine planning, and exploration software used across mining and mineral exploration. Comparable to TEXMiN's exploration technology and mine planning software offerings, and a global benchmark in mineral exploration CPS.
• ASI Mining: ASI Mining specializes in autonomous vehicle solutions for haulage, dozing, and drilling in surface and underground mines. Comparable to TEXMiN's 5G AGV and autonomous mining vehicle programs, ASI is a focused direct competitor in mining CPS autonomy.
• Maptek: Maptek provides 3D mine planning, geological modeling, surveying, and mine monitoring software. Directly comparable to TEXMiN's Envisage geospatial platform, 3D mine visualization, and MI-assisted 3D geologic inversion tools.
• RCT (Resource Control Technology): RCT delivers autonomous control solutions, traffic management, and digital mining platforms for underground and surface mines. Comparable to TEXMiN's 5G smart traffic management, AGV, and underground positioning offerings.
• Datamine: Datamine provides mine planning, geological modelling, and production optimization software for mining and exploration. Overlaps directly with TEXMiN's mineral exploration, mine planning, and AI-based processing (e.g., copper circuit optimization) workstreams.

Broad incumbents

• Sandvik Mining and Rock Solutions: Sandvik provides mining automation (AutoMine), digitalized mining equipment, and rock processing solutions worldwide. TEXMiN runs the Sandvik Mine Automation Learning Centre (SMAC) on its campus, positioning Sandvik as both a partner and the leading global supplier of autonomous mining equipment TEXMiN is emulating.
• Caterpillar (Cat MineStar): Caterpillar's Cat MineStar is a leading mining fleet management and autonomy suite deployed across global mining majors. As a diversified OEM with a major mining software stack, it competes with TEXMiN across predictive maintenance, fleet tracking, and autonomous operations.
• Komatsu (Smart Mining / FrontRunner): Komatsu offers autonomous haulage (FrontRunner), Smart Mining, and Modular Mining fleet management. A global incumbent directly overlapping with TEXMiN's autonomous vehicles and predictive maintenance work, and active in Indian mining operations.
• Hexagon Mining: Hexagon's mining division provides surveying, geospatial, fleet management, and autonomous solutions for mining operations globally. TEXMiN has an active CoE with Hexagon India (HxGN CoE), making Hexagon both a partner and the dominant commercial benchmark for the same product categories TEXMiN is developing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/texmin

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

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M&A

Investments4 records

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Frequently asked questions about TEXMIN