Company lists
The India edition · 2026

Biopharma outsourcingcompanies in India

CDMO, API makers, CRO, biologics, nutraceuticals and more: the companies building biopharma outsourcing in India, with their founders, funding, team size and business models.

2,134 company profiles1,189 with reported revenue68 with recorded fundingSeptember 2026 edition
India · Photo: Wikimedia Commons (CC BY-SA 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: 85 M&A deals · 19 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

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 · 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 · 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.

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 · 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 · 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

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

Intocell acquires Piramal pharma solutions

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

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

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&AMerger · Completed

Cohance acquires Suven

SAM also advised on the subsequent merger of Cohance with and into Suven, upon which Suven was renamed as Cohance.

Biopharma outsourcing companies in India, by revenue

Browse biopharma outsourcing companies in India 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 1,189 biopharma outsourcing companies in India 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 offering its services for the development of APIs (including HPAPIs and cytotoxics) and FDFs

Biopharma outsourcing
₹33,741.20 crFY 2024-25
+17%2024–2025
20,599+2% 12 mo to Mar 2023recorded Mar 2023
22 yr2004
0none in 3 months

Multinational conglomerate with diverse interests in Pharma, Financial Services and Real Estate

Biopharma outsourcing
₹9,086.74 crFY 2022-23
Not reported
100-54% vs previous recordrecorded
42 yr1984
—No postings tracked

Contract manufacturer of pharmaceutical products

Biopharma outsourcing
₹9,285.99 crFY 2024-25
+11%2024–2025
1,017+29% 12 mo to Sep 2024recorded Sep 2024
38 yr1988
0none in 3 months · last posted Apr 2026

CDMO focused on manufacturing of solid, semi solid, liquid, and injectible drug formulations

Biopharma outsourcing
₹7,291.30 crFY 2024-25
+8%2024–2025
4,582recorded
6 yr2020
10postings · last posted Sep 2026

Company offering a suite of R&D and manufacturing services for small molecules and generics

Biopharma outsourcing
₹6,320.06 crFY 2022-23
Not reported
903-16% 12 mo to Oct 2023recorded Oct 2023
48 yr1978
0none in 3 months · last posted Jul 2025

Provider of solutions for health and nutrition

Biopharma outsourcing
₹4,215.43 crFY 2024-25
+1%2024–2025
1,836-1% 12 mo to Feb 2024LinkedIn · Jul 2026
5 yr2021
13postings · last posted Aug 2026

CDMO focusing on spectrum of dosage forms and therapeutic segments

Biopharma outsourcing
₹4,170.28 crFY 2024-25
-1%2024–2025
5,220+2% 12 mo to Jun 2023LinkedIn · Jul 2026
22 yr2004
0none in 3 months

Manufacturer of generic injectable drug

Biopharma outsourcing
₹3,865.06 crFY 2022-23
Not reported
3,968-1% 12 mo to Sep 2024LinkedIn · Jul 2026
48 yr1978
1postings · last posted Aug 2026

Provider of contract research and manufacturing services for both small molecules and biologics

Biopharma outsourcing
₹3,714.20 crFY 2024-25
+4%2024–2025
7,926-6% 12 mo to Sep 2024LinkedIn · Jul 2026
33 yr1993
0none in 3 months · last posted May 2025

ISO and WHO GMP certified manufacturer of cephalosporin APIs and intermediates

Biopharma outsourcing
₹2,693.24 crFY 2024-25
-8%2024–2025
902+13% 12 mo to Aug 2024recorded Aug 2024
24 yr2002
1postings · last posted Jul 2026

Provider of clinical research, regenerative medicine, and specialty pharmaceuticals

Traditional pharmaceuticals
₹2,615.30 crFY 2024-25
+15%2024–2025
2,548+132% 12 mo to Mar 2024LinkedIn · Jul 2026
25 yr2001
1postings · last posted Aug 2026

CDMO focused on manufacturing pharmaceutical intermediates and excipients

Biopharma outsourcing
₹2,482.63 crFY 2024-25
+4%2024–2025
1,026+15% 12 mo to Sep 2024recorded Sep 2024
15 yr2011
0none in 3 months · last posted Jun 2026

CDMO focused on manufacturing of API

Biopharma outsourcing
₹2,184.11 crFY 2021-22
Not reported
1,104LinkedIn · Jul 2026
43 yr1983
6postings · last posted Sep 2026

APIs, intermediates and domestic formulations manufacturer

Biopharma outsourcing
₹2,403.39 crFY 2024-25
-5%2024–2025
29LinkedIn · Jul 2026
42 yr1984
0none in 3 months

CRAMS company specialising in the custom chemical synthesis and manufacturing of fluorinated compounds

Biopharma outsourcing
₹2,113.13 crFY 2022-23
Not reported
1,027-6% 12 mo to Jul 2024recorded Jul 2024
59 yr1967
—No postings tracked

Developer of integrated contract research development and manufacturing services

Biopharma outsourcing
₹1,930.28 crFY 2024-25
+30%2024–2025
2,423+8% 12 mo to Aug 2024LinkedIn · Jul 2026
19 yr2007
0none in 3 months · last posted Jun 2026

Manufacturer of active pharmaceutical ingredients, intermediates, and new chemical entities

Traditional pharmaceuticals
₹1,857.50 crFY 2023-24
-5%2023–2024
1,024+6% 12 mo to Sep 2024LinkedIn · Jul 2026
7 yr2019
1postings · last posted Jul 2026

Provider of drug discovery, clinical development, manufacturing, and other services for small molecules

Biopharma outsourcing
₹1,870.29 crFY 2024-25
+12%2024–2025
4,622+6% 12 mo to Aug 2024LinkedIn · Jul 2026
25 yr2001
1postings · last posted Jul 2026

Provider of APIs manufacturing and formulation services

Biopharma outsourcing
₹1,827.14 crFY 2023-24
Not reported
5,228-12% 12 mo to Sep 2024LinkedIn · Jul 2026
79 yr1947
2postings · last posted Aug 2026

Traditional company offering contract research, custom synthesis & custom manufacturing of APIs and intermediates

Biopharma outsourcing
₹1,864.80 crFY 2024-25
+4%2024–2025
2,580-0% 12 mo to Sep 2024LinkedIn · Jul 2026
38 yr1988
0none in 3 months · last posted Jun 2026

Provider of drug discovery, developing, and manufacturing of complex small molecules

Biopharma outsourcing
₹1,731.35 crFY 2024-25
+16%2024–2025
4,299+2% 12 mo to Aug 2024LinkedIn · Jul 2026
27 yr1999
0none in 3 months · last posted Jun 2026

Manufacturer of cephalosporin APIs and generic formulations

Traditional pharmaceuticals
₹1,674.97 crFY 2024-25
-1%2024–2025
1,712+16% 12 mo to Aug 2024recorded Aug 2024
31 yr1995
3postings · last posted Jul 2026

Manufacturer of active pharmaceutical ingredients (APIs) and peptides

Biopharma outsourcing
₹1,571.12 crFY 2023-24
Not reported
2,007+7% 12 mo to Jul 2024LinkedIn · Jul 2026
42 yr1984
0none in 3 months

Contract manufacturer of pharmaceutical intermediates and specialty chemicals

Biopharma outsourcing
₹1,499.49 crFY 2023-24
+75%2023–2024
8LinkedIn · Jul 2026
16 yr2010
0none in 3 months

CDMO focused on manufacturing of APIs & intermediates

Biopharma outsourcing
₹1,482.68 crFY 2024-25
+9%2024–2025
332+12% 12 mo to Sep 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months
50 of 2,134 companies shown here · the full list is on Radar
Fliar Radar

Explore all 2,134 biopharma outsourcing companies in India on Radar

This page shows the top 50. Radar has the complete, filterable list with contacts and live company signals.

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

Browse biopharma outsourcing companies in India, including pharma outsourcing companies in India that offer CDMO, API manufacturing and clinical research services. You can also find biopharma outsourcing startups in India and firms hiring now.

9 ways to explore biopharma outsourcing in India

CDMO & contract manufacturing companiesAPI & pharmaceutical ingredient manufacturersClinical research (CRO) & drug discovery companiesBiologics, vaccines & peptide companiesNutraceutical & supplement manufacturersPharma distribution, logistics & support services

CDMO & contract manufacturing companies

Companies that develop and manufacture drugs and formulations for other pharma firms.

  1. Dr. Reddy’s Laboratories

    CDMO offering its services for the development of APIs (including HPAPIs and cytotoxics) and FDFs

    Biopharma outsourcing
    See in list
  2. Jubilant Pharmova

    CDMO focused on manufacturing of solid, semi solid, liquid, and injectible drug formulations

    Biopharma outsourcing
    See in list
  3. Akums

    CDMO focusing on spectrum of dosage forms and therapeutic segments

    Biopharma outsourcing
    See in list
  4. Gland Pharma

    Manufacturer of generic injectable drug

    Biopharma outsourcing
    See in list
  5. Covalent Laboratories

    ISO and WHO GMP certified manufacturer of cephalosporin APIs and intermediates

    Biopharma outsourcing
    See in list

API & pharmaceutical ingredient manufacturers

Makers of active pharmaceutical ingredients, intermediates and generics.

  1. Aarti Pharmalabs

    Manufacturer of active pharmaceutical ingredients, intermediates, and new chemical entities

    Traditional pharmaceuticals
    See in list
  2. Viyash

    CDMO focused on manufacturing of APIs & intermediates

    Biopharma outsourcing
    See in list
  3. Ind Swift

    API CDMO also having capabilities to manufacture HPAPIs and intermediates

    Biopharma outsourcing
    See in list
  4. Amoli Organics

    Manufacturer of API & intermediates

    Biopharma outsourcing
    See in list
  5. Supriya Lifescience

    Manufacturer of active pharmaceutical ingredients and finished dosage formulations for healthcare

    Traditional pharmaceuticals
    See in list

Clinical research (CRO) & drug discovery companies

Contract research firms for clinical trials, preclinical studies and drug discovery.

  1. NFIL

    CRAMS company specialising in the custom chemical synthesis and manufacturing of fluorinated compounds

    Biopharma outsourcing
    See in list
  2. Sai Life Sciences

    Provider of drug discovery, developing, and manufacturing of complex small molecules

    Biopharma outsourcing
    See in list
  3. Zifo RnD Solutions

    Provider of clinical data management services to biopharma sector

    Biopharma outsourcing
    See in list
  4. TCG Lifesciences

    Early drug discovery and development services

    Biopharma outsourcing
    Website
  5. AXIS Clinicals

    CRO offering clinical development services

    Biopharma outsourcing
    Website

Biologics, vaccines & peptide companies

Companies working on biologics, vaccines, peptides and antibodies.

  1. Yashraj Biotechnology

    Provider of recombinant antigens and antibodies for diagnostic and research

    Biopharma outsourcing
    Website
  2. Yapanbio

    Contract manufacturer of bio-therapeutics and vaccines

    Biopharma outsourcing
    Website
  3. Seasons Healthcare

    Manufacturer of solid oral dose formulations and vaccines

    Biopharma outsourcing
    Website
  4. HLL Biotech

    CDMO manufacturing vaccines

    Biopharma outsourcing
    Website
  5. GenePowerX

    Biotechnology company offering genetic testing and analysis services

    Medical research labs
    Website

Nutraceutical & supplement manufacturers

Manufacturers of nutraceuticals, dietary supplements and food ingredients.

  1. Gangwal Healthcare

    Manufacturer of pharmaceutical and nutraceutical products including active ingredients, pellets, and transdermal patches

    Biopharma outsourcing
    Website
  2. Himalaya Meditek

    CMO manufacturing various pharmaceutical dosage forms

    Biopharma outsourcing
    Website
  3. I’M Healthcare

    CDMO focused on manufacturing dietary supplements

    Biopharma outsourcing
    Website
  4. Sarvotham Care

    Contract manufacturer of liquid orals, tablets, ointments, creams, cosmetics, home and health care products.

    Biopharma outsourcing
    Website
  5. Octavius Pharma

    Manufacturer of soap strips and hygiene products

    Biopharma outsourcing
    Website

Pharma distribution, logistics & support services

Pharmaceutical distributors, clinical supply, data and other support services.

  1. Zifo RnD Solutions

    Provider of clinical data management services to biopharma sector

    Biopharma outsourcing
    See in list
  2. Labindia Healthcare

    Provider of medical technology solutions for radiology and pain management. It distributes and services handheld medical X-ray systems and laser pain management devices. The company also offers medical simulators for educational purposes. Its product portfolio caters to both human and veterinary healthcare sectors. The organization supports its products with sales, marketing, and service capabilities.

    Services for healthcare providers
    Website
  3. Ignexto Biotex

    Provider of home healthcare supplies, revenue growth, and compliance services

    Services for healthcare providers
    Website
  4. Avasya Labs

    Provider of analytical testing services for pharmaceutical companies including method development, stability testing and genotoxic impurities analysis

    Biopharma outsourcing
    Website
  5. Divya Jivan Health Care

    Provider of healthcare management solutions, including IT, operations, and legal

    Services for healthcare providers
    Website

Biopharma outsourcing startups in India

Newer pharma outsourcing companies founded in recent years.

  1. Jubilant Ingrevia

    Provider of solutions for health and nutrition

    Biopharma outsourcing
    See in list
  2. PI Health Sciences

    CRO & CDMO focused on medicinal chemistry drugs development and API manufacturing services

    Biopharma outsourcing
    Website
  3. Gangwal Healthcare

    Manufacturer of pharmaceutical and nutraceutical products including active ingredients, pellets, and transdermal patches

    Biopharma outsourcing
    Website
  4. Uthishtaa

    Biopharmaceutical consulting company providing integrated offerings and outsourced support in pharmacovigilance and drug safety

    Biopharma outsourcing
    Website
  5. Energon Labs

    Provider of analytical testing services for pharmaceutical raw materials and products

    Biopharma outsourcing
    Website
206 companies in India

Biopharma outsourcing companies hiring in India

Pharma outsourcing companies with open jobs right now.

  1. Piramal Pharma Solutions

    Contract manufacturer of pharmaceutical products

    Biopharma outsourcing
    See in list
  2. Jubilant Pharmova

    CDMO focused on manufacturing of solid, semi solid, liquid, and injectible drug formulations

    Biopharma outsourcing
    See in list
  3. Gland Pharma

    Manufacturer of generic injectable drug

    Biopharma outsourcing
    See in list
  4. Syngene

    Provider of contract research and manufacturing services for both small molecules and biologics

    Biopharma outsourcing
    See in list
  5. Covalent Laboratories

    ISO and WHO GMP certified manufacturer of cephalosporin APIs and intermediates

    Biopharma outsourcing
    See in list
28 companies in India

Listed biopharma outsourcing companies in India

Publicly listed pharma and biopharma companies.

  1. Piramal Group

    Multinational conglomerate with diverse interests in Pharma, Financial Services and Real Estate

    Biopharma outsourcing
    See in list
  2. Jubilant Pharmova

    CDMO focused on manufacturing of solid, semi solid, liquid, and injectible drug formulations

    Biopharma outsourcing
    See in list
  3. Akums

    CDMO focusing on spectrum of dosage forms and therapeutic segments

    Biopharma outsourcing
    See in list
  4. Gland Pharma

    Manufacturer of generic injectable drug

    Biopharma outsourcing
    See in list
  5. Syngene

    Provider of contract research and manufacturing services for both small molecules and biologics

    Biopharma outsourcing
    See in list
72 companies in India
Mobile reach

Top 10 biopharma outsourcing apps from India

The most-installed Android apps published by biopharma outsourcing companies headquartered in India — 111K installs between them. 26 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
2

Spedo Plus

by Techizer

Installs19K
Rating—
Last updatedSep 2024
View on Google Play ↗
Spedo Plus screenshot 1Spedo Plus screenshot 2Spedo Plus screenshot 3
4

CACTUS CRM

by CACTUS

Installs10K
Rating—
Last updatedMar 2026
View on Google Play ↗
CACTUS CRM screenshot 1CACTUS CRM screenshot 2
The business behind the activity

Biopharma outsourcing financials in India

Revenue, profit and growth from the filed annual accounts of 1119 biopharma outsourcing companies in India for FY24-25 — 1,310 of the 2,134 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 29% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹149,303.08 cr

1119 companies filing accounts

combined net profit₹16,964.68 cr

11.4% aggregate margin

are profitable78%

878 of 1119 companies

median revenue~₹19.0 cr

the typical company

median revenue growth+10%

into FY24-25

earned by the top five29%

revenue concentration

Six-year view

Combined revenue of filing companies

₹84,306.24 crFY19-201023 filers
₹96,525.68 crFY20-211075 filers
₹123,326.20 crFY21-221118 filers
₹133,568.61 crFY22-231140 filers
₹152,683.37 crFY23-241164 filers
₹149,303.08 crFY24-251119 filers

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

Like-for-like

The same 1028 companies over three years

+17%
FY22-23₹124,772.23 cr₹11,438.20 cr net
FY23-24₹142,477.64 cr₹19,384.59 cr net
FY24-25₹145,822.60 cr₹16,993.17 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 cr15246% profitable
₹1–10 cr26475% profitable
₹10–100 cr49486% profitable
₹100–1,000 cr18488% profitable
Over ₹1,000 cr2592% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking359
0–20%340
20–50%196
50–100%93
Doubled+96

1084 companies with accounts for both years; median growth +10%.

Profitability

Profit is concentrated at the top

878profitable
240loss-making
11.4%aggregate margin
2.7%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
Bizotic LifescienceBIZOTIC LIFESCIENCE PRIVATE LIMITED
OneSourceONESOURCE SPECIALTY PHARMA LIMITED
Trimurthi drugs and pharmaceuticalsNOVELIX PHARMACEUTICALS LIMITED+578%₹30.73 cr
Anthea PharmaANTHEA PHARMA PRIVATE LIMITED₹27.78 cr
Sris SynthesisSRIS SYNTHESIS PRIVATE LIMITED+484%₹14.17 cr
Pranada BiopharmaPRANADA BIOPHARMA PRIVATE LIMITED+419%₹57.69 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
S.K. Jain TradingS K JAIN TRADING PRIVATE LIMITED
Pranada BiopharmaPRANADA BIOPHARMA PRIVATE LIMITED52.2%₹57.69 cr
Lambda Clinical ServicesLAMBDA CLINICAL SERVICES LIMITED46.8%₹12.59 cr
Cellutions BiostorageCELLUTIONS BIOSTORAGE PRIVATE LIMITED42.8%₹17.29 cr
Acute Research centreACUTE RESEARCH PRIVATE LIMITED
Shantani Proteome AnalyticsSHANTANI PROTEOME ANALYTICS PRIVATE LIMITED₹11.19 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Biopharma outsourcing1038₹139,726.65 cr~₹19.0 cr78%11.5%
Traditional pharmaceuticals26₹6,850.81 cr~₹42.5 cr88%10.1%
Diversified pharmaceuticals8₹533.49 cr~₹17.9 cr88%8.5%
Life sciences platforms and tools6₹44.28 cr~₹63 lakh50%35.3%
Leaders

Largest biopharma outsourcing companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Dr. Reddy’s LaboratoriesDR.REDDY'S LABORATORIES LTD₹24,118.80 cr₹5,349.40 cr22.2%+19%
Micro LabsMICRO LABS LIMITED₹5,954.65 cr₹823.57 cr-2%
Piramal Pharma SolutionsPIRAMAL PHARMA LIMITED₹5,493.06 cr₹691.40 cr12.6%+20%
Gland PharmaGLAND PHARMA LTD₹4,331.22 cr₹1,089.75 cr25.2%-0%
Jubilant IngreviaJUBILANT INGREVIA LIMITED₹4,022.23 cr₹263.43 cr6.5%-0%
SyngeneSYNGENE INTERNATIONAL LIMITED₹3,443.80 cr₹468.00 cr13.6%+5%
Covalent LaboratoriesCOVALENT LABORATORIES PRIVATE LIMITED₹2,693.24 cr₹174.45 cr6.5%-8%
Reliance Life SciencesRELIANCE LIFE SCIENCES PRIVATE LIMITED₹2,499.19 cr₹475.94 cr19.0%+10%
HonourHONOUR LAB LIMITED₹2,482.52 cr₹212.25 cr8.5%+4%
Aarti DrugsAARTI DRUGS LIMITED₹2,187.23 cr₹157.31 cr7.2%-4%
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

Accounting and Tax Software Industry Landscape of India

The financials above are one chapter. The full biopharma outsourcing landscape of India 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 India
For investors and data teams

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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 India compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months2

US$270.00m

equity rounds, last 24 months8

US$425.09m

raised over five yearsUS$1.28bn

51 rounds in India

M&A deals, India85

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

71Acquisition
14Merger

Most active acquirers

  1. Jubilant bhartia group7
  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 India

68 biopharma outsourcing companies in India have recorded equity funding, US$2.02bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in India

Meet the people behind biopharma outsourcing companies in India. 852 of 2,134 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore India biopharma outsourcing companies by sub-sector

The most common specialisations among biopharma outsourcing companies in India. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring biopharma outsourcing in India and nearby markets.

Coming soon