CDMO, CRO, drug discovery, consulting, nutraceuticals and more: the companies building biopharma outsourcing in Karnataka, with their founders, funding, team size and business models.
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.
The Indian government has officially approved the acquisition of Indian Medicines Pharmaceutical Corporation Ltd (IMPCL) by Skymap Pharmaceuticals Pvt Ltd for ₹121 crore.
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…
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…
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.
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…
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
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
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.
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.
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…
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…
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…
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…
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…
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…
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.
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)…
SAM also advised on the subsequent merger of Cohance with and into Suven, upon which Suven was renamed as Cohance.
Biopharma outsourcing companies in Karnataka, by revenue
Browse biopharma outsourcing companies in Karnataka 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 98 biopharma outsourcing companies in Karnataka 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
Company & businessRevenueRevenue growthHeadcount & growthAgeJobs · last 3 months
Provider of contract research and manufacturing services for both small molecules and biologics
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Contract development and manufacturing company that provides science and innovation-driven research and analytical services to the global pharmaceutical industry
Milestone 4th AAAALAC International Recertification Audit completed
Award Scientific Innovation Award 2026
From the company’s LinkedIn posts
Technology
Nginx
Bootstrap
jQuery
Detected on the company website
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
CROproviding research and development services, including clinical research, bioequivalence studies, and consulting services, to pharmaceutical companies and other industries
Every company, not just 50All 183 biopharma outsourcing companies in Karnataka, filterable by stage, funding, team size, revenue model and age.
Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
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Explore biopharma outsourcing companies in Karnataka by what you are looking for
Find biopharma companies in Bangalore and across Karnataka, from CDMO and contract manufacturing partners to CROs for clinical development. Compare pharma outsourcing companies in India by service, from API production to drug discovery.
8 ways to explore biopharma outsourcing in Karnataka
CDMOs & contract drug manufacturersContract research organisations (CRO) & clinical researchDrug discovery & preclinical research servicesPharma consulting & regulatory servicesNutraceutical, cannabis & food ingredient suppliersBiopharma outsourcing startups in Karnataka
CDMOs & contract drug manufacturers
Contract development and manufacturing partners for APIs, small molecules, peptides and formulations.
Syngene
Provider of contract research and manufacturing services for both small molecules and biologics
The most-installed Android apps published by biopharma outsourcing companies headquartered in Karnataka — 7K installs between them. 3 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.
Revenue, profit and growth from the filed annual accounts of 95 biopharma outsourcing companies in Karnataka for FY24-25 — 114 of the 183 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 81% of the revenue, so medians describe the typical company better than totals.
combined revenue, FY24-25₹16,704.58 cr
95 companies filing accounts
combined net profit₹2,138.44 cr
12.8% aggregate margin
are profitable75%
71 of 95 companies
median revenue~₹9.2 cr
the typical company
median revenue growth+18%
into FY24-25
earned by the top five81%
revenue concentration
Six-year view
Combined revenue of filing companies
₹8,635.47 crFY19-2080 filers
₹10,116.49 crFY20-2189 filers
₹12,273.89 crFY21-2295 filers
₹13,396.98 crFY22-2396 filers
₹15,037.24 crFY23-24102 filers
₹16,704.58 crFY24-2595 filers
The number of companies filing changes each year; the three-year cohort below compares like with like.
Like-for-like
The same 88 companies over three years
+20%
FY22-23₹12,791.81 cr₹1,964.93 cr net
FY23-24₹14,288.86 cr₹2,080.05 cr net
FY24-25₹15,380.92 cr₹2,119.52 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 cr1839% profitable
₹1–10 cr3385% profitable
₹10–100 cr3177% profitable
₹100–1,000 cr989% profitable
Over ₹1,000 cr4100% profitable
Companies by FY24-25 revenue. Bars show how many companies sit in each band.
Momentum
How fast revenue moved into FY24-25
Shrinking26
0–20%23
20–50%19
50–100%9
Doubled+15
92 companies with accounts for both years; median growth +18%.
Profitability
Profit is concentrated at the top
71profitable
23loss-making
12.8%aggregate margin
3.3%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
Company
Growth
Revenue
OneSourceONESOURCE SPECIALTY PHARMA LIMITED
KemwellKEMWELL PRIVATE LIMITED
+204%
₹16.10 cr
ICBio CROICBIO CLINICAL RESEARCH PRIVATE LIMITED
ComBiotechCOM BIOTECH PRIVATE LIMITED
shilpabioSHILPA BIOLOGICALS PRIVATE LIMITED
+118%
₹85.24 cr
Jiva SciencesJIVA SCIENCES PRIVATE LIMITED
Profit leaders · ₹10 cr+ revenue
Highest net margins, FY24-25
Company
Margin
Revenue
MS Clinical ResearchMS CLINICAL RESEARCH PRIVATE LIMITED
29.4%
₹46.08 cr
Anthem BiosciencesANTHEM BIOSCIENCES LIMITED
26.0%
₹1,950.09 cr
VipragenVIPRAGEN BIOSCIENCES PRIVATE LIMITED
KemwellKEMWELL PRIVATE LIMITED
22.9%
₹16.10 cr
Lotus LabsLOTUS LABS PRIVATE LIMITED
21.6%
₹54.98 cr
Jiva SciencesJIVA SCIENCES PRIVATE LIMITED
Inside the industry
Sub-sectors compared, FY24-25
Sub-sector
Companies
Revenue
Median revenue
Profitable
Margin
Biopharma outsourcing
89
₹16,512.10 cr
~₹9.2 cr
74%
12.9%
Leaders
Largest biopharma outsourcing companies by revenue, FY24-25
Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.
For investors and data teams
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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 Karnataka 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
Medical research labsUS$500k1 rounds · 1 companies
Food safety testingUS$0k1 rounds · 1 companies
Karnataka in context
Karnataka’s share of India’s biopharma outsourcing funding
Rounds14%7 of 51
Capital19%US$238.83m of US$1.28bn
Equity rounds over the last five years, 218 biopharma outsourcing companies in Karnataka among 2,490 in India.
Corporate activity · last 24 months
M&A in India
67Acquisition
14Merger
Most active acquirers
Jubilant bhartia group6
Sequent scientific5
Optimus4
Eris lifesciences3
Cactus3
Most acquired or merged
Schott poonawalla7
Encube ethicals4
OTRS AG4
SWISS PARENTERALS3
Gland pharma3
Each deal appears in the events strip at the top of the page.
Biopharma outsourcing funding in Karnataka
9 biopharma outsourcing companies in Karnataka have recorded equity funding, US$499.62m in total. Totals and round dates describe the historical record; they are not current valuations.
Most funded
Largest recorded equity totals, with the latest recorded round.
Biopharma outsourcing
CDMO providing solutions for end-to-end biopharmaceutical manufacturing needs
Recorded equity fundingUS$195.00mSeries C · Mar 2021
Founder · 1
AK
Arun KumarFounder & Director
Biopharma outsourcing
Pharmaceutical contract development and manufacturing organization offering pharmaceutical products
Recorded equity fundingUS$155.46mSeries C · Mar 2021
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Founders and momentum in Karnataka
Meet the people behind biopharma outsourcing companies in Karnataka. 89 of 183 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.
Fastest revenue growth
Biopharma outsourcing companies in Karnataka with the highest one-year revenue growth among those reporting at least ₹5 crore in revenue. Growth is the reported one-year change for the period shown.
Biopharma outsourcing
CDMO focused on manufacturing pharmaceutical formulations and marketing services
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Women-founded
Biopharma outsourcing companies in Karnataka with at least one woman on the founding team. Expand a profile to meet the founders; teams can include both women and men.
Biopharma outsourcing
Provider of consulting services for pharmaceutical industry
Provider of pharmaceutical research and development services
Founded2022Funding Raised
Founders
Details not available
Biopharma outsourcing
Manufacturer of amino acids and products with a focus on pharmaceuticals
Founded2022Unfunded
Founders
Details not available
Biopharma outsourcing
Company specialized in the development of optimized linkers and conjugation strategies for research clients in the ADC space
Founded2022Unfunded
Founders
Details not available
Biopharma outsourcing
Clinical-stage pharmaceutical company focusing on the development and commercialization of cancer therapies for rare and intractable forms of the disease
Founded2022Unfunded
Founders
Details not available
Biopharma outsourcing
CRO providing comprehensive integrated drug discovery services and customized bio solutions
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