Company lists
The Ahmedabad edition · 2026

Biopharma outsourcingcompanies in Ahmedabad

CDMO, API production, formulation, CRO & clinical, nutraceuticals & support and more: the companies building biopharma outsourcing in Ahmedabad, Gujarat, with their founders, funding, team size and business models.

165 company profiles93 with reported revenue5 with recorded fundingOctober 2026 edition
Ahmedabad · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent biopharma outsourcing business events in India

Funding, M&A, contract wins and launches involving 2,490 biopharma outsourcing companies in India, last 24 months: 81 M&A deals · 18 Contracts · 18 funding rounds · 3 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

M&AAcquisition · Announced

Skymap pharmaceuticals acquires Indian Medicines Pharmaceutical Corporation Ltd

The Indian government has officially approved the acquisition of Indian Medicines Pharmaceutical Corporation Ltd (IMPCL) by Skymap Pharmaceuticals Pvt Ltd for ₹121 crore.

Pharmaceuticals
M&AAcquisition · Announced

True north acquires Embio

According to reports, True North invested about INR 478 crores to acquire a 25 percent stake in Embio.

Pharmaceuticals
M&AAcquisition · Completed

Sunways acquires Indoco remedies

Indoco Remedies has successfully completed the transfer of its ophthalmic business division to Sunways (India) Private Limited. This strategic move, finalised on May 18, 2026, involves…

Pharmaceuticals
M&AAcquisition · Announced

Gujarat themis biosyn acquires Sanofi

Introduction Shares of Gujarat Themis Biosyn Ltd surged sharply after the company announced a major acquisition deal with Sanofi.

Pharmaceuticals
LaunchSynchronous Motors Market Size 2026 Report

Datam intelligence

DataM Intelligence has unveiled its latest report on the 'Synchronous Motors Market Size 2026' delivering powerful insights into key trends, future growth opportunities, and evolving…

Report
ContractSupply

Panacea biotec · client: Central Medical Services Society (CMSS)

Panacea Biotec has announced the receipt of a Letter of Award from the Central Medical Services Society (CMSS), under the Ministry of Health and Family Welfare, Government of India. The…

Healthcare
M&AAcquisition · Completed

Jubilant ingrevia acquires Remidex Pharma

Jubilant Ingrevia has successfully acquired a 100% equity stake in Remidex Pharma Private Limited.

Pharmaceutical
M&AMerger · Announced

EPL acquires Indovida India Private Limited

EPL Limited and Indovida India Private Limited have today signed definitive agreements for a merger. The combined platform will have a valuation of ~$2 billion, with EPL being valued at…

Rigid PET packaging
ContractTechnology

Shilpa Biologicals · client: Steincares

SteinCares, a specialty healthcare company in Latin America, entered into a strategic licensing agreement with Shilpa Biologicals Pvt. Ltd.

Healthcare
M&AAcquisition · Rumored

Consortium led by Warburg Pincus and Mubadala acquires Encube ethicals

Separately, a consortium led by Warburg Pincus and Abu Dhabi-based sovereign investor Mubadala is in advanced talks to buy a majority stake in contract manufacturer Encube Ethicals, ET…

Manufacturing
M&AAcquisition · Rumored

Warburg Pincus and Mubadala acquires Encube ethicals

Separately, a consortium led by Warburg Pincus and Abu Dhabi-based sovereign investor Mubadala is in advanced talks to buy a majority stake in contract manufacturer Encube Ethicals

Contract Manufacturing
M&AAcquisition

Dishman Pharmaceuticals and Chemicals acquires Carbogen-Amcis

Dishman Pharmaceuticals and Chemicals (Ahmedabad, India) with its acquisition of Carbogen-Amcis from Solutia

M&AAcquisition · Completed

Eris lifesciences acquires SWISS PARENTERALS

New Delhi: Eris Lifesciences Limited has completed the acquisition of the remaining 30 percent stake in Swiss Parenterals Limited, making it a wholly owned subsidiary

FundingZero-coupon bonds

Jubilant bhartia group

Two Jubilant Bhartia Group subsidiaries raised a combined 56.50 billion rupees through zero-coupon bonds in June to fund the acquisition of a 40% stake in Hindustan Coca-Cola Holdings.

M&AAcquisition · Completed

Cactus acquires Baker Hughes Company’s Surface Pressure Control business

Cactus, Inc. today announced the completion of the acquisition of a majority interest in Baker Hughes Company’s Surface Pressure Control business.

Oil & Gas Services
M&AAcquisition · Announced

Aurobindo pharma acquires Khandelwal laboratories

Aurobindo Pharma, a wholly owned subsidiary of Aurobindo Pharma, at its meeting held on Monday, i.e., January 1, 2026, has approved the acquisition of the non-oncology prescription…

Pharmaceuticals
M&AAcquisition · Announced

Piramal Pharma acquires Hemmo pharmaceuticals

Piramal Pharma Limited (PPL) has entered into an agreement to acquire a 100% stake in Hemmo Pharmaceuticals Pvt. Ltd., an Indian manufacturer of synthetic peptide APIs (active…

M&AAcquisition · Completed

Auro pharma acquires Khandelwal laboratories

Aurobindo Pharma Ltd said its wholly owned arm, Auro Pharma Ltd, has acquired the branded non-oncology prescription formulations business of Khandelwal Laboratories Private Ltd on a…

Pharmaceuticals
ContractSupply

Panacea biotec · client: Unicef

Earlier in October, UNICEF also placed a significant order for polio vaccines. Panacea Biotec received the letter of award (LoA) as part of a long-term agreement to supply bOPV in 10 and…

Healthcare
M&AAcquisition · Announced

Nowonomics acquires Centaur

On Wednesday, Dec. 10, it was announced that Swedish fund management company Centaur is selling its Sweden Quality fund to Nowonomics.

Fund management
M&AAcquisition · Announced

Eris lifesciences acquires SWISS PARENTERALS

Shardul Amarchand Mangaldas & Co. (SAM) acted as the legal advisor to Eris Lifesciences Limited (“ELL”) in connection with its proposed acquisition of 30% of the total share capital of…

M&AMerger · Announced

Sequent scientific acquires Viyash Lifesciences

The National Company Law Tribunal (NCLT) has approved the merger of SeQuent Scientific, a leading player in the global animal health industry, and Viyash Lifesciences, an integrated…

M&AAcquisition · Completed

Quadria capital acquires Encube ethicals

Quadria Capital bought around 15% in Encube for $100-120 million in June 2021, valuing it close to $1 billion.

Contract drug maker
M&AAcquisition · Announced

Ang lifesciences india acquires Mansa Print & Publishers

ANG Lifesciences India, a fast-growing organisation with an ultra-modern fully integrated, manufacturing facility dedicated to dry powder injectables (SVP), has acquired the printing and…

Printing & Packaging
M&AAcquisition · Rumored

Na acquires Encube ethicals

Global private equity firms Advent International and Warburg Pincus have joined the race for a stake purchase in contract drug maker Encube Ethicals Pvt. Ltd.

Contract drug maker / CDMO
M&AAcquisition · Announced

Piramal pharma solutions acquires Intocell

Piramal Pharma Solutions signed a memorandum of understanding with IntoCell to develop ADCs.

Biotechnology / ADC development
M&AAcquisition · Announced

Intocell acquires Piramal pharma solutions

Piramal Pharma Solutions signed a memorandum of understanding with IntoCell to develop ADCs.

M&AAcquisition · Announced

Jusmiral Holdings Limited acquires Cohance lifesciences

Shardul Amarchand Mangaldas & Co. (SAM) acted as the legal advisor for an on-market sale of 8.93% shareholding in Cohance Lifesciences Limited (formerly Suven Pharmaceuticals Limited)…

M&AAcquisition · Completed

Jusmiral Holdings Limited acquires Suven pharmaceuticals

SAM has earlier advised Advent in its control acquisition of Suven Pharmaceuticals Limited by way of a share purchase and mandatory open offer.

Biopharma outsourcing companies in Ahmedabad, by revenue

Browse biopharma outsourcing companies in Ahmedabad by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 93 biopharma outsourcing companies in Ahmedabad, Gujarat that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

CDMO focused on manufacturing of API

Biopharma outsourcing
₹2,184.11 crFY 2021-22
Not reported
1,126LinkedIn · Oct 2026
43 yr1983
3postings · last posted Sep 2026

CDMO focused on manufacturing API

Biopharma outsourcing
₹1,244.53 crFY 2024-25
+18%2024–2025
1,264+16% 12 mo to Sep 2024LinkedIn · Oct 2026
26 yr2000
0none in 3 months

Offers diversified clinical research services

Biopharma outsourcing
₹630.84 crFY 2024-25
+2%2024–2025
1,751+2% 12 mo to Sep 2024LinkedIn · Oct 2026
22 yr2004
0none in 3 months

Company specializing in global sourcing activities and strengthening the supply chain

Biopharma outsourcing
₹622.42 crFY 2024-25
+68%2024–2025
89LinkedIn · Jul 2026
12 yr2014
2postings · last posted Sep 2026

Provider of contract research organization services, supporting the development of biotherapeutics and small molecules

Biopharma outsourcing
₹621.14 crFY 2024-25
+52%2024–2025
1,620+3% 12 mo to Aug 2023LinkedIn · Oct 2026
22 yr2004
1postings · last posted Sep 2026

Manufacturer of oncological products

Biopharma outsourcing
₹430.96 crFY 2024-25
+66%2024–2025
—Not available
21 yr2005
0none in 3 months

Manufacturer of pharmaceutical, food, and beverage products via contract manufacturing

Biopharma outsourcing
₹430.29 crFY 2024-25
+20%2024–2025
302+94% 12 mo to Sep 2024recorded Sep 2024
42 yr1984
0none in 3 months · last posted Jul 2026

Pharmaceutical company specializing in the production of microcrystalline cellulose and other excipient and derivative products

Biopharma outsourcing
₹270.99 crFY 2024-25
+9%2024–2025
104-7% 12 mo to Jun 2024LinkedIn · Oct 2026
25 yr2001
0none in 3 months

Provider of contract based pharmaceuticals formulation research & manufacturing services

Biopharma outsourcing
₹205.55 crFY 2024-25
+21%2024–2025
99+8% 12 mo to Sep 2024LinkedIn · Oct 2026
10 yr2016
0none in 3 months

Manufacturer of pharmaceuticals and regulatory services

Biopharma outsourcing
₹178.68 crFY 2024-25
+63%2024–2025
92LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Distributor and service provider delivering raw material

Biopharma outsourcing
₹168.11 crFY 2024-25
+8%2024–2025
—Not available
25 yr2001
0none in 3 months

Manufacturer of APIs & pharmaceutical intermediates

Biopharma outsourcing
₹134.01 crFY 2024-25
-10%2024–2025
21LinkedIn · Jul 2026
28 yr1998
0none in 3 months

Manufacturer of excipients for small molecules

Biopharma outsourcing
₹133.72 crFY 2024-25
+5%2024–2025
89-7% 12 mo to Jul 2024LinkedIn · Oct 2026
42 yr1984
0none in 3 months

CDMO focused on manufacturing of API and intermediates

Biopharma outsourcing
₹118.33 crFY 2023-24
-13%2023–2024
9recorded
44 yr1982
0none in 3 months

Manufacturer of finished formulations

Biopharma outsourcing
₹100.88 crFY 2024-25
-3%2024–2025
—Not available
12 yr2014
0none in 3 months

CDMO focused on manufacturing of APIs

Biopharma outsourcing
₹91.35 crFY 2024-25
+16%2024–2025
93+18% 12 mo to Sep 2024recorded Sep 2024
6 yr2020
0none in 3 months

Provider of logistic & warehousing, regulatory support, and other services for biopharma sector

Biopharma outsourcing
₹82.40 crFY 2024-25
-6%2024–2025
—Not available
23 yr2003
0none in 3 months

CRO with operations in India, US, Poland, Canada and UK. Winner of Frost & Sullivan 'CRO of the Year' - 2010

Biopharma outsourcing
£8.01mFY 2022-23
+1%2022–2023
1,011+1% 12 mo to Jul 2024recorded Jul 2024
28 yr1998
0none in 3 months

Pharma Intermediate and Bulk Drug manufacturer

Biopharma outsourcing
₹74.83 crFY 2024-25
+5%2024–2025
—Not available
20 yr2006
0none in 3 months

Manufacturer of APIs with a focus on cGMP compliance

Biopharma outsourcing
₹67.31 crFY 2024-25
+40%2024–2025
89LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Manufacturer of intermediates for the pigment, dye and pharmaceutical industries

Biopharma outsourcing
₹60.05 crFY 2024-25
+16%2024–2025
—Not available
27 yr1999
0none in 3 months

Contact manufacturer of solid & liquid dosage forms

Biopharma outsourcing
₹50.42 crFY 2024-25
+20%2024–2025
72LinkedIn · Jul 2026
18 yr2008
0none in 3 months · last posted Jul 2026

Developer and manufacturer of APIs and intermediates

Biopharma outsourcing
₹49.77 crFY 2024-25
-34%2024–2025
115LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Pharmaceutical manufacturing company that develops and produces a range of pharmaceutical products

Biopharma outsourcing
₹48.11 crFY 2024-25
+14%2024–2025
58LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Manufacturer of API and its intermediates

Biopharma outsourcing
₹48.09 crFY 2024-25
-19%2024–2025
—Not available
28 yr1998
0none in 3 months
50 of 165 companies shown here · the full list is on Radar
Fliar Radar

Explore all 165 biopharma outsourcing companies in Ahmedabad on Radar

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Explore biopharma outsourcing companies in Ahmedabad by what you are looking for

Browse biopharma outsourcing companies in Ahmedabad, including CDMOs, API manufacturers and clinical research organisations. Find pharma outsourcing companies in India for formulation, API production and clinical development.

8 ways to explore biopharma outsourcing in Ahmedabad

CDMO & contract manufacturing companiesAPI & intermediates manufacturersFormulation development & drug delivery companiesClinical research organisations (CRO)Nutraceutical manufacturers & pharma support servicesListed biopharma outsourcing companies in Ahmedabad

CDMO & contract manufacturing companies

Contract development and manufacturing organisations for small molecules, peptides and generics.

  1. Dishman Carbogen Amcis

    CDMO focused on manufacturing of API

    Biopharma outsourcing
    See in list
  2. NewLife Medicals

    Company specializing in global sourcing activities and strengthening the supply chain

    Biopharma outsourcing
    See in list
  3. Veeda Clinical Research

    Provider of contract research organization services, supporting the development of biotherapeutics and small molecules

    Biopharma outsourcing
    See in list
  4. Zydus Hospira Oncology

    Manufacturer of oncological products

    Biopharma outsourcing
    See in list
  5. Halewood Laboratories

    Manufacturer of pharmaceutical, food, and beverage products via contract manufacturing

    Biopharma outsourcing
    See in list

API & intermediates manufacturers

Manufacturers of active pharmaceutical ingredients, intermediates and bulk ingredients.

  1. Dishman Carbogen Amcis

    CDMO focused on manufacturing of API

    Biopharma outsourcing
    See in list
  2. Accent Microcell

    Pharmaceutical company specializing in the production of microcrystalline cellulose and other excipient and derivative products

    Biopharma outsourcing
    See in list
  3. Espee Pharma Chem

    Distributor and service provider delivering raw material

    Biopharma outsourcing
    See in list
  4. Jigs chemical

    Manufacturer of APIs & pharmaceutical intermediates

    Biopharma outsourcing
    See in list
  5. Vikram Thermo

    Manufacturer of excipients for small molecules

    Biopharma outsourcing
    See in list

Formulation development & drug delivery companies

Companies developing and manufacturing pharmaceutical formulations and dosage forms.

  1. Zydus Hospira Oncology

    Manufacturer of oncological products

    Biopharma outsourcing
    See in list
  2. Halewood Laboratories

    Manufacturer of pharmaceutical, food, and beverage products via contract manufacturing

    Biopharma outsourcing
    See in list
  3. Alaina Healthcare

    Provider of contract based pharmaceuticals formulation research & manufacturing services

    Biopharma outsourcing
    See in list
  4. Sotac Pharmaceuticals

    Manufacturer of finished formulations

    Biopharma outsourcing
    See in list
  5. Cubit Lifesciences

    Provider of pharmaceutical formulation research & development services

    Medical research labs
    Website

Clinical research organisations (CRO)

CROs offering clinical trials, bioanalytical testing, research sites and medical writing.

  1. Cliantha

    Offers diversified clinical research services

    Biopharma outsourcing
    See in list
  2. Veeda Clinical Research

    Provider of contract research organization services, supporting the development of biotherapeutics and small molecules

    Biopharma outsourcing
    See in list
  3. Alaina Healthcare

    Provider of contract based pharmaceuticals formulation research & manufacturing services

    Biopharma outsourcing
    See in list
  4. Lambda Therapeutic

    CRO with operations in India, US, Poland, Canada and UK. Winner of Frost & Sullivan 'CRO of the Year' - 2010

    Biopharma outsourcing
    See in list
  5. Cubit Lifesciences

    Provider of pharmaceutical formulation research & development services

    Medical research labs
    Website

Nutraceutical manufacturers & pharma support services

Nutraceutical makers, consulting, logistics and other support services for pharma companies.

  1. Vital Group

    Manufacturer of nutraceutical, wellness, personal care, and cosmeceutical products

    Traditional nutraceuticals
    Website
  2. Rayshib International

    Manufacturer and exporter of nutritional supplements, herbal supplements, and ayurvedic herbal formulas

    Biopharma outsourcing
    Website
  3. Halewood Laboratories

    Manufacturer of pharmaceutical, food, and beverage products via contract manufacturing

    Biopharma outsourcing
    See in list
  4. Octavius Pharma

    Manufacturer of soap strips and hygiene products

    Biopharma outsourcing
    See in list
  5. SUSHEN Medicamentos

    Provider of consulting and validation services to biopharma sector

    Biopharma outsourcing
    See in list

Listed biopharma outsourcing companies in Ahmedabad

Publicly listed biopharma outsourcing companies based in Ahmedabad.

  1. Dishman Carbogen Amcis

    CDMO focused on manufacturing of API

    Biopharma outsourcing
    See in list
  2. Accent Microcell

    Pharmaceutical company specializing in the production of microcrystalline cellulose and other excipient and derivative products

    Biopharma outsourcing
    See in list
  3. Vikram Thermo

    Manufacturer of excipients for small molecules

    Biopharma outsourcing
    See in list
  4. Sotac Pharmaceuticals

    Manufacturer of finished formulations

    Biopharma outsourcing
    See in list
  5. Curis Lifesciences

    Pharmaceutical manufacturing facility that specializes in the development and production of innovative therapeutics for various medical applications

    Biopharma outsourcing
    See in list
10 companies in Ahmedabad

Biopharma outsourcing startups in Ahmedabad

Newer biopharma outsourcing companies in Ahmedabad founded in recent years.

  1. Zasya

    Provider of integrated drug discovery, development, and manufacturing solutions

    Biopharma outsourcing
    Website
  2. Yogi Care Pharmaceutical

    Pharmaceutical company offering a range of products from liquid medications to oncology drugs

    Biopharma outsourcing
    Website
  3. Pharsights

    Company offers digital and analytics-based solutions for product screening, portfolio management, and optimization for the generic pharmaceutical industry

    Biopharma outsourcing
    Website
  4. QRL Bioscience

    CRO focused on cancer cell based clinical trial services

    Biopharma outsourcing
    Website
  5. Ingenuity

    CRO focused on providing drug development, bioanalytical solutions, and other services

    Biopharma outsourcing
    Website
19 companies in Ahmedabad

Biopharma outsourcing companies hiring in Ahmedabad

Biopharma outsourcing companies in Ahmedabad with open roles right now.

  1. Dishman Carbogen Amcis

    CDMO focused on manufacturing of API

    Biopharma outsourcing
    See in list
  2. NewLife Medicals

    Company specializing in global sourcing activities and strengthening the supply chain

    Biopharma outsourcing
    See in list
  3. Veeda Clinical Research

    Provider of contract research organization services, supporting the development of biotherapeutics and small molecules

    Biopharma outsourcing
    See in list
  4. Halewood Laboratories

    Manufacturer of pharmaceutical, food, and beverage products via contract manufacturing

    Biopharma outsourcing
    See in list
  5. OPES HEALTHCARE

    Contact manufacturer of solid & liquid dosage forms

    Biopharma outsourcing
    See in list
14 companies in Ahmedabad
The business behind the activity

Biopharma outsourcing financials in Ahmedabad

Revenue, profit and growth from the filed annual accounts of 87 biopharma outsourcing companies in Ahmedabad, Gujarat for FY24-25 — 101 of the 165 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 48% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹6,265.07 cr

87 companies filing accounts

combined net profit₹757.18 cr

12.1% aggregate margin

are profitable82%

71 of 87 companies

median revenue~₹15.3 cr

the typical company

median revenue growth+11%

into FY24-25

earned by the top five48%

revenue concentration

Six-year view

Combined revenue of filing companies

₹3,701.40 crFY19-2077 filers
₹3,709.75 crFY20-2180 filers
₹4,939.86 crFY21-2287 filers
₹5,673.99 crFY22-2390 filers
₹5,651.41 crFY23-2491 filers
₹6,265.07 crFY24-2587 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 83 companies over three years

+15%
FY22-23₹5,403.97 cr₹567.43 cr net
FY23-24₹5,432.47 cr₹562.58 cr net
FY24-25₹6,216.78 cr₹754.64 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr862% profitable
₹1–10 cr2673% profitable
₹10–100 cr4090% profitable
₹100–1,000 cr1283% profitable
Over ₹1,000 cr1100% profitable

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking29
0–20%21
20–50%9
50–100%11
Doubled+15

85 companies with accounts for both years; median growth +11%.

Profitability

Profit is concentrated at the top

71profitable
16loss-making
12.1%aggregate margin
3.2%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
ClinnexCLINNEX RESEARCH PRIVATE LIMITED
Acute Research centreACUTE RESEARCH PRIVATE LIMITED
Accretion PharmaceuticalsAccretion Nutraveda Limited
Octavius PharmaOCTAVIUS PHARMA PRIVATE LIMITED
Incy HealthcareINCY HEALTHCARE PRIVATE LIMITED+133%₹12.03 cr
EVOQ RemediesEVOQ REMEDIES LIMITED
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Lambda Clinical ServicesLAMBDA CLINICAL SERVICES LIMITED46.8%₹12.59 cr
Acute Research centreACUTE RESEARCH PRIVATE LIMITED
Concord BiotechConcord Biotech Limited30.0%₹1,244.53 cr
Lambda TherapeuticLAMBDA THERAPEUTIC RESEARCH LIMITED29.2%₹386.51 cr
Octavius PharmaOCTAVIUS PHARMA PRIVATE LIMITED
ClianthaCLIANTHA RESEARCH LIMITED17.2%₹473.95 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Biopharma outsourcing84₹6,243.67 cr~₹15.7 cr81%12.1%
Leaders

Largest biopharma outsourcing companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Concord BiotechConcord Biotech Limited₹1,244.53 cr₹372.96 cr30.0%+18%
ClianthaCLIANTHA RESEARCH LIMITED₹473.95 cr₹81.69 cr17.2%+7%
Dishman Carbogen AmcisDISHMAN CARBOGEN AMCIS LIMITED₹432.82 cr−₹9.87 cr-2.3%+11%
Zydus Hospira OncologyZYDUS HOSPIRA ONCOLOGY PRIVATE LIMITED₹430.96 cr₹39.76 cr9.2%+66%
Halewood LaboratoriesHALEWOOD LABORATORIES PRIVATE LIMITED₹430.48 cr₹40.26 cr9.4%+20%
Lambda TherapeuticLAMBDA THERAPEUTIC RESEARCH LIMITED₹386.51 cr₹112.94 cr29.2%+5%
Veeda Clinical ResearchVEEDA CLINICAL RESEARCH LIMITED₹284.26 cr−₹11.42 cr-4.0%-3%
Accent MicrocellACCENT MICROCELL LIMITED₹270.99 cr₹33.06 cr12.2%+9%
Alaina HealthcareALAINA HEALTHCARE PRIVATE LIMITED₹205.55 cr₹7.20 cr3.5%+21%
Espee Pharma ChemESPEE PHARMA CHEM PRIVATE LIMITED₹168.11 cr₹6.63 cr3.9%+8%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

Industry landscape report

Chemicals and Materials Industry Landscape of Ahmedabad

The financials above are one chapter. The full biopharma outsourcing landscape of Ahmedabad maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the biopharma outsourcing landscape of Ahmedabad
For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Biopharma outsourcing funding and M&A across India

193 recorded equity rounds have gone to 2,490 biopharma outsourcing companies in India — how much, at which stage, into which sub-sectors, from whom, and how Ahmedabad compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months2

US$270.00m

equity rounds, last 24 months7

US$425.09m

raised over five yearsUS$1.28bn

51 rounds in India

M&A deals, India81

last 24 months

Capital by year

Equity funding into biopharma outsourcing in India

amount rounds
$84m201811
$134m20199
$62m202011
$435m202116
$315m202214
$90m20238
$19m20246
$155m20256
$270m20261

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$435.16m across 16 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$119.62m12 rounds · median US$500k
SeedUS$14.38m11 rounds · median US$1.29m
Series AUS$80.53m9 rounds · median US$4.40m
Series BUS$106.78m7 rounds · median US$16.27m
Series CUS$255.00m3 rounds · median US$80.00m
Series D+US$284.18m2 rounds · median US$142.09m
Private equityUS$423.40m7 rounds · median US$68.00m
Where the money went · five years

Most-funded sub-sectors

Biopharma outsourcingUS$982.10m45 rounds · 35 companies
Traditional pharmaceuticalsUS$271.81m2 rounds · 2 companies
Contract manufacturersUS$29.48m2 rounds · 2 companies
Medical research labsUS$500k1 rounds · 1 companies
Food safety testingUS$0k1 rounds · 1 companies
Corporate activity · last 24 months

M&A in India

67Acquisition
14Merger

Most active acquirers

  1. Jubilant bhartia group6
  2. Sequent scientific5
  3. Optimus4
  4. Eris lifesciences3
  5. Cactus3

Most acquired or merged

  1. Schott poonawalla7
  2. Encube ethicals4
  3. OTRS AG4
  4. SWISS PARENTERALS3
  5. Gland pharma3

Each deal appears in the events strip at the top of the page.

Biopharma outsourcing funding in Ahmedabad

5 biopharma outsourcing companies in Ahmedabad have recorded equity funding, US$90.62m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Ahmedabad

Meet the people behind biopharma outsourcing companies in Ahmedabad. 62 of 165 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Keep exploring biopharma outsourcing in India and nearby markets.

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