Company lists
The Vadodara edition · 2026

Biopharma outsourcingcompanies in Vadodara

API makers, CDMO, research & CRO, consulting & software, startups and more: the companies building biopharma outsourcing in Vadodara, Gujarat, with their founders, funding, team size and business models.

60 company profiles34 with reported revenue4 with recorded fundingOctober 2026 edition
Vadodara · 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: 78 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 Vadodara, by revenue

Browse biopharma outsourcing companies in Vadodara by reported revenue, one-year revenue growth, revenue model, age and stage. The 34 companies below are the largest by their most recent reported revenue among 34 biopharma outsourcing companies in Vadodara, 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 34

Manufacturer of API & intermediates

Biopharma outsourcing
₹641.59 crFY 2021-22
+7%2021–2022
841LinkedIn · Oct 2026
35 yr1991
0none in 3 months

Provider of drug research, manufacturing, and consulting services

Biopharma outsourcing
₹659.86 crFY 2024-25
+20%2024–2025
744+2% 12 mo to Sep 2024LinkedIn · Oct 2026
20 yr2006
0none in 3 months · last posted Jul 2026

Manufacturer of Drug Intermediates, APIs and specialty chemicals

Biopharma outsourcing
₹566.17 crFY 2021-22
Not reported
1,141-7% 12 mo to Mar 2024recorded Mar 2024
29 yr1997
0none in 3 months

Manufacturer of pharmaceutical excipients

Biopharma outsourcing
₹511.33 crFY 2024-25
+10%2024–2025
—Not available
37 yr1989
0none in 3 months · last posted Feb 2025

Manufacturer of pharmaceutical raw materials

Biopharma outsourcing
₹385.03 crFY 2024-25
-4%2024–2025
477+3% 12 mo to Jul 2024LinkedIn · Oct 2026
30 yr1996
1postings · last posted Aug 2026

Contract Manufacturing firm

Biopharma outsourcing
₹352.00 crFY 2024-25
Not reported
305-1% 12 mo to Jul 2024LinkedIn · Oct 2026
34 yr1992
0none in 3 months · last posted Jun 2026

Pharma distribution company offering regulatory consulting services

Biopharma outsourcing
₹253.33 crFY 2021-22
Not reported
5+25% 12 mo to Sep 2024recorded Sep 2024
36 yr1990
—No postings tracked

Manufacturer of active pharmaceutical ingredients, peptides, and complex drug formulations

Traditional pharmaceuticals
₹263.23 crFY 2024-25
+45%2024–2025
652-46% 12 mo to Sep 2024recorded Sep 2024
16 yr2010
0none in 3 months

Manufacturer of API intermediates, specialty chemicals, custom synthesis, and contract manufacturing

Biopharma outsourcing
₹152.78 crFY 2024-25
Not reported
10LinkedIn · Jul 2026
23 yr2003
0none in 3 months

CDMO focused on manufacturing late stage intermediates and API

Biopharma outsourcing
₹151.89 crFY 2024-25
Not reported
223+33% 12 mo to Aug 2023recorded Aug 2023
20 yr2006
0none in 3 months

Capsules machine manufacturer

Biopharma outsourcing
₹104.94 crFY 2022-23
Not reported
79-3% 12 mo to Sep 2024LinkedIn · Oct 2026
91 yr1935
—No postings tracked

Provider of pharmaceutical products packaging services

Biopharma outsourcing
₹110.00 crFY 2024-25
+7%2024–2025
—Not available
12 yr2014
0none in 3 months

CDMO focused on manufacturing of APIs

Biopharma outsourcing
₹91.42 crFY 2024-25
+32%2024–2025
18LinkedIn · Jul 2026
29 yr1997
0none in 3 months

Manufactures intermediates for pharmaceutical companies

Biopharma outsourcing
₹90.32 crFY 2024-25
+11%2024–2025
175recorded
45 yr1981
0none in 3 months

Provider of supply chain services for pharmaceutical products

Biopharma outsourcing
₹77.56 crFY 2024-25
+19%2024–2025
100+30% 12 mo to Aug 2024LinkedIn · Jul 2026
26 yr2000
0none in 3 months · last posted Jul 2026

Developmnent and manufacture of novel effervescent drug delivery systems

Biopharma outsourcing
₹76.05 crFY 2024-25
Not reported
84+39% 12 mo to Aug 2024LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Manufacturer of tablets, capsules, and syrup

Biopharma outsourcing
₹61.96 crFY 2024-25
+139%2024–2025
18+6% 12 mo to Aug 2024recorded Aug 2024
24 yr2002
0none in 3 months

Manufacturer of sterile and non-sterile active pharmaceutical ingredients and intermediates

Biopharma outsourcing
₹52.86 crFY 2024-25
+26%2024–2025
37LinkedIn · Jul 2026
12 yr2014
0none in 3 months

CDMO focused on manufacturing of API & intermediates

Biopharma outsourcing
₹46.35 crFY 2024-25
+23%2024–2025
81LinkedIn · Jul 2026
12 yr2014
0none in 3 months · last posted Jan 2026

Platform offering research and development solutions for various industries

Biopharma outsourcing
₹41.41 crFY 2024-25
+80%2024–2025
177LinkedIn · Jul 2026
14 yr2012
0none in 3 months · last posted Apr 2026

CDMO focused on manufacturing pharmaceutical formulations

Biopharma outsourcing
₹33.06 crFY 2022-23
+29%2022–2023
—Not available
8 yr2018
0none in 3 months

R&D stage company specializing in the development of lab-scale quantities of complex APIs and intermediates for patient cure

Biopharma outsourcing
₹30.12 crFY 2024-25
+42%2024–2025
90LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Manufacturer of active pharmaceutical ingredients and intermediates

Biopharma outsourcing
₹28.02 crFY 2024-25
-9%2024–2025
15+26% 12 mo to Jul 2024LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Developing and manufacturing services for APIs and specialty chemicals

Biopharma outsourcing
₹25.62 crFY 2024-25
-16%2024–2025
21-1% 12 mo to Sep 2024LinkedIn · Oct 2026
40 yr1986
0none in 3 months

Pharmaceutical company that manufactures and supplies a range of pharmaceutical products, including oral suspensions, suspensions, and other formulations

Biopharma outsourcing
₹20.23 crFY 2024-25
-5%2024–2025
13LinkedIn · Jul 2026
11 yr2015
0none in 3 months
34 of 60 companies shown here · the full list is on Radar
Fliar Radar

Explore all 60 biopharma outsourcing companies in Vadodara on Radar

This page shows the top 34. Radar has the complete, filterable list with contacts and live company signals.

Open biopharma outsourcing in Vadodara on Radar
  • Every company, not just 50All 60 biopharma outsourcing companies in Vadodara, 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 Vadodara by what you are looking for

Browse biopharma outsourcing companies in Vadodara, including CDMOs, API manufacturers and pharma research partners. Find pharma outsourcing companies in India, biopharma companies near you and biopharma startups in Vadodara.

7 ways to explore biopharma outsourcing in Vadodara

API & drug intermediate manufacturersCDMO & contract manufacturing companiesPharma research, CRO & clinical development servicesPharma consulting, supply chain & software servicesBiopharma outsourcing startups in VadodaraListed biopharma outsourcing companies in Vadodara

API & drug intermediate manufacturers

Manufacturers of active pharmaceutical ingredients, intermediates and peptides.

  1. Amoli Organics

    Manufacturer of API & intermediates

    Biopharma outsourcing
    See in list
  2. Ami Lifesciences

    Provider of drug research, manufacturing, and consulting services

    Biopharma outsourcing
    See in list
  3. Sudeep Pharma

    Manufacturer of pharmaceutical excipients

    Biopharma outsourcing
    See in list
  4. Tatva Chintan Pharma Chem

    Manufacturer of pharmaceutical raw materials

    Biopharma outsourcing
    See in list
  5. Apothecon Pharmaceuticals

    Manufacturer of active pharmaceutical ingredients, peptides, and complex drug formulations

    Traditional pharmaceuticals
    See in list

CDMO & contract manufacturing companies

Contract development and manufacturing partners for biopharma and formulations.

  1. Amoli Organics

    Manufacturer of API & intermediates

    Biopharma outsourcing
    See in list
  2. Ami Lifesciences

    Provider of drug research, manufacturing, and consulting services

    Biopharma outsourcing
    See in list
  3. Sudeep Pharma

    Manufacturer of pharmaceutical excipients

    Biopharma outsourcing
    See in list
  4. Tatva Chintan Pharma Chem

    Manufacturer of pharmaceutical raw materials

    Biopharma outsourcing
    See in list
  5. Bharat Parenterals

    Contract Manufacturing firm

    Biopharma outsourcing
    See in list

Pharma research, CRO & clinical development services

Contract research and clinical development services for drug makers.

  1. JDM Research

    Platform offering research and development solutions for various industries

    Biopharma outsourcing
    See in list
  2. Heuristics

    Manufacturer of consulting services for pharmaceutical industry

    Biopharma outsourcing
    See in list
  3. Avisa Pharma Advanced Research Centre

    Clinical-stage biopharmaceutical company focused on developing innovative therapeutics for pulmonary infections and cardiovascular APIs

    Biopharma outsourcing
    Website
  4. MCVLaboratory

    Provider of pharmaceutical research, development, and manufacturing services

    Biopharma outsourcing
    Website
  5. Aditya Medisales

    Pharma distribution company offering regulatory consulting services

    Biopharma outsourcing
    See in list
6 companies in Vadodara

Pharma consulting, supply chain & software services

Consulting, logistics and software development support for the biopharma sector.

  1. KVS Technologies

    Provider of software development services for biopharma sector

    Biopharma outsourcing
    Website
  2. Aditya Medisales

    Pharma distribution company offering regulatory consulting services

    Biopharma outsourcing
    See in list
  3. Alceon Medtech Consulting

    Provider of regulatory affairs consulting services for biopharma sector

    Biopharma outsourcing
    Website
  4. Asence

    Provider of supply chain services for pharmaceutical products

    Biopharma outsourcing
    See in list
  5. JDM Research

    Platform offering research and development solutions for various industries

    Biopharma outsourcing
    See in list

Biopharma outsourcing startups in Vadodara

Newer biopharma outsourcing companies in Vadodara founded in recent years.

  1. Valumeds

    Company that provides pharmaceutical-focused services, offering a range of over-the-counter medications and supplements for pain relief, allergy relief, and other health concerns

    Biopharma outsourcing
    Website
  2. Avisa Pharma Advanced Research Centre

    Clinical-stage biopharmaceutical company focused on developing innovative therapeutics for pulmonary infections and cardiovascular APIs

    Biopharma outsourcing
    Website
  3. Maisuriya Pharma Solutions

    Provider of end-to-end pharmaceutical solutions across the drug life cycle through a globally integrated network

    Biopharma outsourcing
    Website
  4. Alceon Medtech Consulting

    Provider of regulatory affairs consulting services for biopharma sector

    Biopharma outsourcing
    Website
  5. MCVLaboratory

    Provider of pharmaceutical research, development, and manufacturing services

    Biopharma outsourcing
    Website
5 companies in Vadodara

Listed biopharma outsourcing companies in Vadodara

Publicly listed biopharma outsourcing companies based in Vadodara.

  1. Sudeep Pharma

    Manufacturer of pharmaceutical excipients

    Biopharma outsourcing
    See in list
  2. Tatva Chintan Pharma Chem

    Manufacturer of pharmaceutical raw materials

    Biopharma outsourcing
    See in list
  3. Bharat Parenterals

    Contract Manufacturing firm

    Biopharma outsourcing
    See in list
  4. Dinesh Mills

    Capsules machine manufacturer

    Biopharma outsourcing
    See in list
  5. Link Pharma

    Developing and manufacturing services for APIs and specialty chemicals

    Biopharma outsourcing
    See in list
5 companies in Vadodara

Biopharma outsourcing companies hiring in Vadodara

Biopharma outsourcing companies in Vadodara with open roles right now.

  1. Ami Lifesciences

    Provider of drug research, manufacturing, and consulting services

    Biopharma outsourcing
    See in list
  2. Sudeep Pharma

    Manufacturer of pharmaceutical excipients

    Biopharma outsourcing
    See in list
  3. Tatva Chintan Pharma Chem

    Manufacturer of pharmaceutical raw materials

    Biopharma outsourcing
    See in list
  4. Bharat Parenterals

    Contract Manufacturing firm

    Biopharma outsourcing
    See in list
  5. Asence

    Provider of supply chain services for pharmaceutical products

    Biopharma outsourcing
    See in list
7 companies in Vadodara
The business behind the activity

Biopharma outsourcing financials in Vadodara

Revenue, profit and growth from the filed annual accounts of 31 biopharma outsourcing companies in Vadodara, Gujarat for FY24-25 — 36 of the 60 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 60% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹3,309.54 cr

31 companies filing accounts

combined net profit₹273.98 cr

8.3% aggregate margin

are profitable77%

24 of 31 companies

median revenue~₹59.2 cr

the typical company

median revenue growth+14%

into FY24-25

earned by the top five60%

revenue concentration

Six-year view

Combined revenue of filing companies

₹1,990.47 crFY19-2032 filers
₹2,479.20 crFY20-2132 filers
₹2,952.39 crFY21-2233 filers
₹2,335.78 crFY22-2331 filers
₹2,832.80 crFY23-2431 filers
₹3,309.54 crFY24-2531 filers

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

Like-for-like

The same 29 companies over three years

+16%
FY22-23₹2,213.60 cr₹246.02 cr net
FY23-24₹2,275.97 cr₹265.92 cr net
FY24-25₹2,556.86 cr₹244.43 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 cr250% profitable
₹1–10 cr475% profitable
₹10–100 cr1776% profitable
₹100–1,000 cr888% profitable
Over ₹1,000 cr0—

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

Momentum

How fast revenue moved into FY24-25

Shrinking10
0–20%10
20–50%7
50–100%2
Doubled+1

30 companies with accounts for both years; median growth +14%.

Profitability

Profit is concentrated at the top

24profitable
7loss-making
8.3%aggregate margin
4.1%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
Surge PharmaceuticalsSURGE PHARMACEUTICALS PRIVATE LIMITED+139%₹61.96 cr
Vovantis LaboratoriesVOVANTIS LABORATORIES PRIVATE LIMITED+67%₹76.05 cr
Apothecon PharmaceuticalsAPOTHECON PHARMACEUTICALS PRIVATE LIMITED+45%₹263.23 cr
OmgeneOMGENE LIFE SCIENCES PRIVATE LIMITED+42%₹30.12 cr
Vega BiotecVEGA BIOTEC PRIVATE LIMITED+38%₹59.17 cr
Flax LaboratoriesFLAX LABORATORIES PRIVATE LIMITED+26%₹52.86 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Sudeep PharmaSUDEEP PHARMA LIMITED26.2%₹365.11 cr
Medicap HealthcareMEDICAP HEALTHCARE LIMITED24.2%₹110.00 cr
Apothecon PharmaceuticalsAPOTHECON PHARMACEUTICALS PRIVATE LIMITED17.0%₹263.23 cr
Allchem LifescienceALLCHEM LIFESCIENCE LIMITED15.8%₹152.78 cr
Dinesh MillsSHRI DINESH MILLS LIMITED13.3%₹79.19 cr
Universal MedicapUNIVERSAL MEDICAP LIMITED11.9%₹91.31 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Biopharma outsourcing28₹3,040.85 cr~₹60.6 cr79%7.5%
Leaders

Largest biopharma outsourcing companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Ami LifesciencesAMI LIFESCIENCES PVT LTD₹662.35 cr₹23.90 cr3.6%+19%
Tatva Chintan Pharma ChemTatva Chintan Pharma Chem Limited₹369.98 cr₹32.70 lakh0.1%-4%
Sudeep PharmaSUDEEP PHARMA LIMITED₹365.11 cr₹95.75 cr26.2%+4%
Bharat ParenteralsBharat Parenterals Limited₹318.68 cr₹26.45 cr8.3%+20%
Apothecon PharmaceuticalsAPOTHECON PHARMACEUTICALS PRIVATE LIMITED₹263.23 cr₹44.86 cr17.0%+45%
Allchem LifescienceALLCHEM LIFESCIENCE LIMITED₹152.78 cr₹24.15 cr15.8%+11%
SPCLSSpc Life Sciences Limited₹151.89 cr−₹7.18 cr-4.7%-3%
Medicap HealthcareMEDICAP HEALTHCARE LIMITED₹110.00 cr₹26.64 cr24.2%+7%
Universal MedicapUNIVERSAL MEDICAP LIMITED₹91.31 cr11.9%+18%
PAB OrganicsPAB ORGANICS PRIVATE LIMITED₹90.32 cr₹5.65 cr6.3%—
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 Vadodara 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, India78

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
11Merger

Most active acquirers

  1. Jubilant bhartia group6
  2. Optimus4
  3. Eris lifesciences3
  4. Cactus3
  5. Piramal Pharma3

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 Vadodara

4 biopharma outsourcing companies in Vadodara have recorded equity funding, US$329.28m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Vadodara

Meet the people behind biopharma outsourcing companies in Vadodara. 30 of 60 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.

Coming soon