Lean and Green strategies are utilized by manufacturing companies to enhance the operations by reducing manufacturing and environmental waste.  This study has been carried out in manufacturing industry of India for assessing lean and green thinking of the organizations. Questionnaire survey of 160 manufacturing companies has been performed as ascertain the benefits occurred. Reliability statistics, correlation, single factor ANOVA, z-test and moderator methodology have been employed to achieve different objectives. Results signify that economic performance is significantly improved by implementing lean green strategies. TPM impact moderates to a very high extent between lean manufacturing and green strategies. Lean manufacturing strategies have been highly utilized by manufacturing organizations.