On 24 June 2020 union cabinet of India made a historic decision. In this decision, the Union Government opened India's space program to private companies.
Due to this decision, private companies in India get a thrust to make a huge change in the Indian Space market.
Before making this historic decision, private players of Indian space agencies had no or very low chances of growth. Since launching rockets and aircraft, needs a particular infrastructure that can be built only with millions of rupees that was out of the budget of these companies since many of these were in the startup phase. No private agency could use ISRO's facilities to sid their launches. But still, there are some challenges present. ISRO's put 18% GST to allow them to use their amenities for Indian companies but there is no tax implication for foreign companies. This might have helped ISRO to capture a small global market but if it continues then there is a better chance that Indian companies prefer hiring foreign companies for their work since it might be affordable in comparison with that of ISRO's. Therefore more amendments are needed to aid Indian companies too.
Following are some Indian private companies which would be benefited by the decision and can be turned into the SpaceX like agencies of India.

Skyroot aerospace was founded in January 2017 by former scientists of India Space research organisation Pawan Kumar Chandana, Naga Bharatha Daka and Vasudevan Gnanagandhi with small groups of entrepreneurs who self-funded the company. $4.3 million has been raised by the company including from space and defence contractor solar industries. Comapany is aiming to secure a phone of about $15 million by 2021. Skyroot is working in developing its first launch vehicle Vikram-1, of which the first launch is set in December 2021. This company is working on another 2 laucher named Vikram -2 and Vikram-3. The are four stage rockets.

Agnia company that is based out of the national centre for combustion research and development at IIT Madras. This company was started by Shrinath Ravichandran and Moin SPM in 2017. This starter provides launch vehicles for smallest satellites at a low cost. Agnikul uses 3D printers in building their major rocket parts. This helps this company to provide rocket launchers at a very lost cost with high efficiency. This company has a launch vehicle called at Agniban which has a capacity to carry 100kg of payloads to Earth orbits up to 700 kilometres.

Bellatrix Aerospace is another aerospace company headquartered in Bengalury, India. This company was established in 2015. This company has its plans to launch its own rocket named Chetak in 2023. The rocket Chetak will use liquid methane as its fuel. In the previous year, the company has announced plans to use water as fuel.

This is just the tip of the iceberg. If the government keep helping these companies to flourish and aidthem by funds then that data is no so far when India become a Space hub for the entire world.