Company lists
The Karnataka edition · 2026

Biopharma outsourcingcompanies in Karnataka

CDMO, CRO, drug discovery, consulting, nutraceuticals and more: the companies building biopharma outsourcing in Karnataka, with their founders, funding, team size and business models.

183 company profiles98 with reported revenue9 with recorded fundingOctober 2026 edition
Karnataka · 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.

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 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

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

Biopharma outsourcing
₹3,714.20 crFY 2024-25
+4%2024–2025
7,854-6% 12 mo to Sep 2024LinkedIn · Oct 2026
33 yr1993
0none in 3 months · last posted May 2025

Developer of integrated contract research development and manufacturing services

Biopharma outsourcing
₹1,930.28 crFY 2024-25
+30%2024–2025
2,471+8% 12 mo to Aug 2024LinkedIn · Oct 2026
19 yr2007
0none in 3 months · last posted Jun 2026

Offers clinical consulting services

Biopharma outsourcing
₹881.16 crFY 2024-25
Not reported
8+30% 12 mo to Sep 2024LinkedIn · Oct 2026
17 yr2009
0none in 3 months

Provider of drug development, formulation, and regulatory services for biopharma sector

Biopharma outsourcing
₹644.99 crFY 2024-25
+44%2024–2025
1,175+8% 12 mo to Aug 2024LinkedIn · Oct 2026
6 yr2020
0none in 3 months

Manufacturer of tablets, capsules, and injectables

Biopharma outsourcing
₹469.88 crFY 2023-24
-12%2023–2024
466+9% 12 mo to Feb 2024LinkedIn · Oct 2026
42 yr1984
0none in 3 months

Pharmaceutical company engaged in manufacturing of Active Pharmaceutical Ingredients (APIs)

Biopharma outsourcing
₹360.48 crFY 2024-25
+6%2024–2025
599LinkedIn · Oct 2026
15 yr2011
0none in 3 months · last posted Jun 2026

Provider of contract research, development, and manufacturing services for pharmaceutical preclinical testing and drug development

Biopharma outsourcing
₹272.09 crFY 2024-25
-8%2024–2025
259+6% 12 mo to Sep 2024recorded Sep 2024
39 yr1987
0none in 3 months

Manufacturer and supply chain services to biopharma sector

Biopharma outsourcing
₹169.91 crFY 2024-25
+8%2024–2025
175+3% 12 mo to Aug 2024LinkedIn · Oct 2026
33 yr1993
0none in 3 months

Customer-centric outsourcing firm offers specialized services in the life sciences industry

Management consulting services
₹161.47 crFY 2024-25
+11%2024–2025
406+23% 12 mo to Sep 2024LinkedIn · Oct 2026
8 yr2018
0none in 3 months

Provider of diversified CDMO services

Biopharma outsourcing
₹145.04 crFY 2022-23
Not reported
12+1% 12 mo to Sep 2024LinkedIn · Oct 2026
46 yr1980
0none in 3 months

Provider of biopharmaceutical engineering and process equipment

Medical products manufacturing machinery
₹125.27 crFY 2024-25
+43%2024–2025
208LinkedIn · Jul 2026
14 yr2012
0none in 3 months · last posted Jun 2026

Developer and manufacturer of APIs as well as finished dosage forms

Biopharma outsourcing
₹100.92 crFY 2024-25
+11%2024–2025
245+36% vs previous recordLinkedIn · Jul 2026
10 yr2016
0none in 3 months

Provider of testing, inspection, and auditing services for food, agricultural commodities, feed, nutraceuticals, and more

Food safety testing
₹94.83 crFY 2023-24
+50%2023–2024
359LinkedIn · Jul 2026
7 yr2019
0none in 3 months · last posted Jun 2026

Specialty chemicals and pharmaceutical intermediates manufacturer, offering a range of products and solutions for various industries

Biopharma outsourcing
₹92.34 crFY 2024-25
+41%2024–2025
—Not available
20 yr2006
0none in 3 months

CDMO focused on manufacturing of biologics drugs

Biopharma outsourcing
₹85.24 crFY 2024-25
+118%2024–2025
387-12% 12 mo to Aug 2023LinkedIn · Jul 2026
39 yr1987
0none in 3 months

Manufacturer of wide range of bulk stabilized vitamins, minerals and nutraceuticals

Biopharma outsourcing
₹82.17 crFY 2024-25
+21%2024–2025
86-59% 12 mo to Sep 2024LinkedIn · Oct 2026
41 yr1985
0none in 3 months

Provider of medical affairs consulting services for life science companies

Biopharma outsourcing
₹70.73 crFY 2024-25
+6%2024–2025
338+8% 12 mo to Sep 2024LinkedIn · Jul 2026
21 yr2005
0none in 3 months · last posted Jun 2026

CDMO with capabilities for developing a wide range of dosage forms

Biopharma outsourcing
₹60.95 crFY 2024-25
-22%2024–2025
150+8% 12 mo to Jul 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Full-service CRO, also offering bioanalytical services

Biopharma outsourcing
₹51.26 crFY 2024-25
+18%2024–2025
138+1% 12 mo to Aug 2023LinkedIn · Jul 2026
16 yr2010
0none in 3 months

Pharma company offering strategic sales and marketing services

Biopharma outsourcing
₹46.12 crFY 2024-25
+15%2024–2025
—Not available
27 yr1999
0none in 3 months

Provider of pre-clinical and clinical research studies for product development

Biopharma outsourcing
₹46.08 crFY 2024-25
+25%2024–2025
132LinkedIn · Jul 2026
17 yr2009
5postings · last posted Sep 2026

Manufacturer of active pharmaceutical ingredient, Intermediates, cosmetic and aromatic products

Biopharma outsourcing
₹37.16 crFY 2024-25
+39%2024–2025
79+30% 12 mo to Sep 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Pharmaceutical manufacturing company that develops and produces a range of dermatological, cosmeceutical, and antiseptic products

Biopharma outsourcing
₹29.76 crFY 2024-25
+21%2024–2025
—Not available
15 yr2011
0none in 3 months

Manufacturer of APIs

Biopharma outsourcing
₹27.74 crFY 2024-25
+16%2024–2025
1LinkedIn · Jul 2026
40 yr1986
0none in 3 months

Manufacturer of APIs and pharmaceutical intermediates

Biopharma outsourcing
₹25.23 crFY 2024-25
-46%2024–2025
38-2% 12 mo to Sep 2024LinkedIn · Jul 2026
26 yr2000
0none in 3 months
50 of 183 companies shown here · the full list is on Radar
Fliar Radar

Explore all 183 biopharma outsourcing companies in Karnataka on Radar

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

Open biopharma outsourcing in Karnataka on Radar
  • 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.

  1. Syngene

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

    Biopharma outsourcing
    See in list
  2. Aurigene Pharmaceutical

    Provider of drug development, formulation, and regulatory services for biopharma sector

    Biopharma outsourcing
    See in list
  3. Karnataka Antibiotics & Pharmaceuticals

    Manufacturer of tablets, capsules, and injectables

    Biopharma outsourcing
    See in list
  4. R L Fine Chem

    Pharmaceutical company engaged in manufacturing of Active Pharmaceutical Ingredients (APIs)

    Biopharma outsourcing
    See in list
  5. Adgyl Lifesciences

    Provider of contract research, development, and manufacturing services for pharmaceutical preclinical testing and drug development

    Biopharma outsourcing
    See in list

Contract research organisations (CRO) & clinical research

Companies that run clinical development, research sites and trials on behalf of drug developers.

  1. Clinigene International

    CRO offering end-to-end clinical drug discovery and development solutions to biopharma companies.

    Biopharma outsourcing
    Website
  2. Norwich Clinical Services

    Full-service CRO, also offering bioanalytical services

    Biopharma outsourcing
    See in list
  3. Vaman Pharma

    Pharma company offering strategic sales and marketing services

    Biopharma outsourcing
    See in list
  4. MS Clinical Research

    Provider of pre-clinical and clinical research studies for product development

    Biopharma outsourcing
    See in list
  5. ICBio CRO

    Clinical Research service provider conducting clinical trials

    Biopharma outsourcing
    See in list

Drug discovery & preclinical research services

Discovery chemistry, bioanalytical, in vitro and preclinical services for early-stage drug programmes.

  1. Jiva Sciences

    Provides research process outsourcing

    Biopharma outsourcing
    See in list
  2. BioOrganics

    Offering integrated chemistry services for APIs and specialty chemicals

    Biopharma outsourcing
    See in list
  3. Prescience Insilico

    Developer of software and provider of research and digital transformation services

    Artificial intelligence
    Website
  4. Stellixir Biotech

    Company offering research services for preclinical development

    Biopharma outsourcing
    Website
  5. Onium Life sciences

    Provider of medicinal chemistry drug discovery services

    Biopharma outsourcing
    Website

Pharma consulting & regulatory services

Consultants for GMP compliance, validation, regulatory and market access support.

  1. Ipharmatec Solutions

    Provider of GMP compliance, validation, and regulatory consulting for pharmaceutical industries

    Biopharma outsourcing
    Website
  2. Estima Pharma Solutions

    Provider of consulting services for GMP and regulatory support

    Biopharma outsourcing
    Website
  3. Vyomus Consulting

    Offers clinical consulting services

    Biopharma outsourcing
    See in list
  4. Arcolab

    Customer-centric outsourcing firm offers specialized services in the life sciences industry

    Management consulting services
    See in list
  5. BioQuest

    Provider of medical affairs consulting services for life science companies

    Biopharma outsourcing
    See in list

Nutraceutical, cannabis & food ingredient suppliers

Suppliers of nutraceuticals, dietary supplements, cannabis extracts and food ingredients.

  1. Maruti Futuristic

    Provider of solar power systems and smart home automation solutions

    Biopharma outsourcing
    Website
  2. Bentley Nutraceuticals

    Provider of end-to-end contract manufacturing for nutraceutical, health supplement products

    Traditional nutraceuticals
    Website
  3. Eureka

    Provider of testing, inspection, and auditing services for food, agricultural commodities, feed, nutraceuticals, and more

    Food safety testing
    See in list
  4. Norwich Clinical Services

    Full-service CRO, also offering bioanalytical services

    Biopharma outsourcing
    See in list
  5. ICBio CRO

    Clinical Research service provider conducting clinical trials

    Biopharma outsourcing
    See in list

Biopharma outsourcing startups in Karnataka

Newer biopharma outsourcing and research companies in Karnataka.

  1. MC Analytics

    Provider of real world evidence, statistical analysis, and market access services for the healthcare industry

    Biopharma outsourcing
    See in list
  2. Aaruni Lifesciences

    Biotechnology company that provides research and development, and manufacturing solutions for therapeutics

    Biopharma outsourcing
    Website
  3. Swalava Enterprises

    CRO focused on API & formulations development

    Biopharma outsourcing
    Website
  4. Pro Molecular Sciences

    Provider of custom peptide synthesis services

    Biopharma outsourcing
    Website
  5. V-Edit

    Provider of genome editing tools, cell culture media, and growth factors

    Genomics
    Website
25 companies in Karnataka

Listed biopharma outsourcing companies in Karnataka

Publicly traded biopharma outsourcing companies in Karnataka.

  1. Syngene

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

    Biopharma outsourcing
    See in list
  2. Natural Capsules

    Manufacturer and supply chain services to biopharma sector

    Biopharma outsourcing
    See in list
  3. OneSource

    Pharmaceutical contract development and manufacturing organization offering pharmaceutical products

    Biopharma outsourcing
    Website
  4. Bandaram Pharma Packtech

    Provider of pharmaceutical packaging solutions

    Biopharma outsourcing
    Website
4 companies in Karnataka

Biopharma outsourcing companies hiring in Karnataka

Biopharma outsourcing companies in Karnataka with open roles.

  1. Syngene

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

    Biopharma outsourcing
    See in list
  2. R L Fine Chem

    Pharmaceutical company engaged in manufacturing of Active Pharmaceutical Ingredients (APIs)

    Biopharma outsourcing
    See in list
  3. Zetabiosystem

    Provider of biopharmaceutical engineering and process equipment

    Medical products manufacturing machinery
    See in list
  4. Eureka

    Provider of testing, inspection, and auditing services for food, agricultural commodities, feed, nutraceuticals, and more

    Food safety testing
    See in list
  5. BioQuest

    Provider of medical affairs consulting services for life science companies

    Biopharma outsourcing
    See in list
12 companies in Karnataka
Mobile reach

Top 3 biopharma outsourcing apps from Karnataka

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.

1 of 3
The business behind the activity

Biopharma outsourcing financials in Karnataka

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

CompanyGrowthRevenue
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

CompanyMarginRevenue
MS Clinical ResearchMS CLINICAL RESEARCH PRIVATE LIMITED29.4%₹46.08 cr
Anthem BiosciencesANTHEM BIOSCIENCES LIMITED26.0%₹1,950.09 cr
VipragenVIPRAGEN BIOSCIENCES PRIVATE LIMITED
KemwellKEMWELL PRIVATE LIMITED22.9%₹16.10 cr
Lotus LabsLOTUS LABS PRIVATE LIMITED21.6%₹54.98 cr
Jiva SciencesJIVA SCIENCES PRIVATE LIMITED
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Biopharma outsourcing89₹16,512.10 cr~₹9.2 cr74%12.9%
Leaders

Largest biopharma outsourcing companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Micro LabsMICRO LABS LIMITED₹5,954.65 cr₹823.57 cr-2%
SyngeneSYNGENE INTERNATIONAL LIMITED₹3,443.80 cr₹468.00 cr13.6%+5%
Anthem BiosciencesANTHEM BIOSCIENCES LIMITED₹1,950.09 cr₹506.19 cr26.0%+31%
OneSourceONESOURCE SPECIALTY PHARMA LIMITED1.5%
Vyomus ConsultingINTERTEK INDIA PRIVATE LIMITED₹881.16 cr₹171.34 cr19.4%+22%
Aurigene PharmaceuticalAURIGENE PHARMACEUTICAL SERVICES LIMITED₹644.99 cr₹64.94 cr10.1%+44%
R L Fine ChemR.L.FINE CHEM PRIVATE LIMITED₹361.32 cr₹41.27 cr11.4%+6%
Adgyl LifesciencesADGYL LIFESCIENCES PRIVATE LIMITED₹272.09 cr₹49.72 cr18.3%-8%
Natural CapsulesNATURAL CAPSULES LIMITED₹172.17 cr₹6.71 cr3.9%+10%
ArcolabARCO LAB PRIVATE LIMITED₹161.47 cr₹7.92 cr4.9%+11%
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.

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 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
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 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.

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.

Keep exploring biopharma outsourcing in India and nearby markets.

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