Company lists
The Gujarat edition · 2026

Diversified pharmaceuticalscompanies in Gujarat

Drug manufacturers, API & contract manufacturing, nutraceuticals, listed, startups and more: the companies building diversified pharmaceuticals in Gujarat, with their founders, funding, team size and business models.

63 company profiles35 with reported revenue1 with recorded fundingOctober 2026 edition

Recent diversified pharmaceuticals business events in India

Funding, M&A, contract wins and launches involving 423 diversified pharmaceuticals companies in India, last 24 months: 43 M&A deals · 15 Contracts · 9 funding rounds · 5 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

M&AAcquisition · Announced

Zydus lifesciences acquires Assertio

Paul, Weiss is advising Zydus Lifesciences Limited, an India-based global life sciences company, its acquisition of a U.S.-based pharmaceutical company focused on specialty and…

Pharmaceutical
M&AAcquisition · Announced

Torrent pharma acquires JB Chemicals & Pharma (JBCP)

The acquisition of JB Chemicals & Pharma (JBCP) appears strategically compelling, making it the 5th largest player in the domestic pharma market.

Pharma
M&AAcquisition · Announced

Zydus lifesciences acquires Assertio Holdings

Zydus Lifesciences will acquire US-based Assertio Holdings in an all-cash transaction valued at around $166.4 million, as the Indian drugmaker steps up its presence in specialty…

Pharmaceutical
M&AAcquisition · Completed

Piramal Pharma acquires Kenalog

Piramal Pharma recently completed the Kenalog acquisition

Pharmaceutical
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
FundingSeed

Virchow

Virchow Medical, Inc., manufacturer of the Crow’s Nest® Biopsy Catchment System and operator of the Virchow VaultTM Liquid Specimen Biorepository, today announced it has completed a $4…

Investors Cerberus Ventures, Pathologists and interventional radiologists
Healthcare
LaunchSembolic

Torrent pharmaceuticals

Torrent Pharmaceuticals Limited (NSE: TORNTPHARM | BSE: 500420) has entered India’s newly opened glucagon-like peptide-1 therapy market with a dual-format semaglutide launch, becoming…

Glucagon-like peptide-1 (GLP‑1) injectable therapy
ContractSupply

Lupin · client: Zydus lifesciences

Shares of Lupin and Zydus Lifesciences rose up to 2% on Tuesday after the pharma firm inked a licensing and supply agreement with the lifesciences company, to expand access to innovative…

Funding

Vilin Bio Med

This agreement outlines a ₹100 Crore investment to establish a state-of-the-art Medical Devices Manufacturing facility.

Pharmaceuticals
ContractSupply

Panacea Biotech · client: Unicef

Panacea Biotech received a letter of award under a long-term agreement to supply bivalent oral polio vaccine (bOPV) in 10-vial and 20-vial packs.

Healthcare
FundingMinority equity financing round

Plasmagen biosciences

PlasmaGen Biosciences, a leading biopharmaceutical company focussed on blood plasma-derived therapeutics, announced that it has raised Rs 150 crores in a minority equity financing round…

Biopharmaceutical
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
ContractSupply

Pfizer India · client: Cipla Ltd

Cipla Ltd has inked an exclusive agreement with Pfizer India to market, distribute, and sell the latter's four brands across the country.

Pharmaceutical
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
FundingSeries A

Alembic

Alembic has raised $145 million in new funding led by Prysm Capital and Accenture, with participation from Silver Lake Waterman, WndrCo, and other investors.

Investors Prysm capital, Accenture, Silver Lake Waterman, Wndrco
Causal AI
M&AAcquisition · Announced

Mankind pharma acquires Bharat Serums and Vaccines

Drug maker Mankind Pharma Ltd on Friday said it has executed a Business Transfer Agreement with its wholly owned subsidiary, Bharat Serums and Vaccines Limited , for the acquisition of…

Pharmaceutical
ContractService

Glenmark pharmaceuticals · client: Abbvie

Glenmark Pharma Share Price: Shares of Glenmark Pharmaceuticals Ltd on Friday jumped 10 per cent after the firm said it has signed a deal with AbbVie to commmercialise its…

Pharma
M&AAcquisition · Completed

Emcure pharmaceuticals acquires Zuventus healthcare

Emcure Pharmaceuticals said it will acquire the remaining 20.42 per cent stake in its arm Zuventus Healthcare Ltd from minority shareholders for Rs 724.9 crore.

Pharmaceutical
ContractService

Agenus · client: Zydus lifesciences

Agenus Inc. (NASDAQ: AGEN) has entered into a $141 million agreement with Zydus Lifesciences Ltd. (NSE: ZYDUSLIFE) to accelerate the clinical development and manufacturing of its lead…

Biopharmaceutical
M&AMerger · Announced

Sparc acquires Jcpenney

Around the time of the sale to Galaxy, Sparc and JCPenney announced they were combining to create a new retail umbrella group, Catalyst Brands.

ContractService

OMD India · client: Piramal Pharma

Piramal Pharma has awarded its integrated media mandate to OMD India, part of Omnicom Media Group.

Advertising
LaunchLatanoprost Ophthalmic Solution, 0.005 per cent

Glenmark pharmaceuticals

Glenmark Pharmaceuticals Inc., USA announced today the launch of Latanoprost Ophthalmic Solution, 0.005 per cent, a generic version of Upjohn’s Xalatan.

Ophthalmic
FundingPrivate placement

Centaur pharmaceuticals

Centaur Pharmaceuticals Inc. raised $20.1 million in a private placement of 1.9 million shares of common stock.

Pharmaceuticals
M&AAcquisition · Announced

Mankind pharma acquires Bsv group

Advent International's $1.6 billion sale of BSV Group to Mankind Pharma

LaunchBrand Health Daily Sentiment Tool

Alembic

Alembic, the leading AI-powered marketing intelligence platform for enterprises, today announced the preview release of its Brand Health Daily Sentiment Tool.

Diversified pharmaceuticals companies in Gujarat, by revenue

Browse diversified pharmaceuticals companies in Gujarat by reported revenue, one-year revenue growth, revenue model, age and stage. The 35 companies below are the largest by their most recent reported revenue among 35 diversified pharmaceuticals companies in 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 35

R&D company focused on manufacturing drugs for multiple therapeutic areas

Diversified pharmaceuticals
₹19,831.50 crFY 2023-24
Not reported
21,663LinkedIn · Oct 2026
74 yr1952
5postings · last posted Sep 2026

Provider of formulations, API, drug discovery, marketing, and sales services

Diversified pharmaceuticals
₹10,786.00 crFY 2023-24
Not reported
12,848+10% 12 mo to Mar 2024LinkedIn · Oct 2026
67 yr1959
0none in 3 months

Pharma company manufacturing a wide range of quality medicines

Diversified pharmaceuticals
₹537.10 crFY 2024-25
+23%2024–2025
1,394+21% 12 mo to Sep 2024recorded Sep 2024
45 yr1981
1postings · last posted Aug 2026

Manufacturer of active pharmaceuticals ingredients

Diversified pharmaceuticals
₹212.26 crFY 2023-24
Not reported
101-4% 12 mo to Jul 2024LinkedIn · Oct 2026
119 yr1907
0none in 3 months

Developer of innovative solutions for chronic disease management. It focuses on improving the management of chronic diseases through the application of advanced technology. The company collaborates with research institutions to develop and deliver products aimed at early detection and intervention, ultimately improving patient outcomes and reducing the economic burden of chronic illnesses. Its efforts are centered on creating products that address global health challenges.

Diversified pharmaceuticals
₹147.72 crFY 2023-24
Not reported
10+5% 12 mo to Jul 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Provider of pharmaceutical solutions with research, development, and testing services

Diversified pharmaceuticals
₹136.52 crFY 2024-25
+12%2024–2025
165-2% 12 mo to Sep 2024recorded Sep 2024
12 yr2014
0none in 3 months

R&D company focused on manufacturing of drugs for multiple therapeutic areas

Diversified pharmaceuticals
₹117.35 crFY 2021-22
Not reported
432-19% 12 mo to Aug 2024LinkedIn · Jul 2026
32 yr1994
0none in 3 months

Shine Pharmaceuticals

Diversified pharmaceuticals
₹120.09 crFY 2024-25
-4%2024–2025
758+5% 12 mo to Sep 2024recorded Sep 2024
32 yr1994
0none in 3 months

Aura Lifecare - Leading Pharmaceutical Manufacturing |

Diversified pharmaceuticals
₹102.72 crFY 2024-25
+15%2024–2025
104-4% 12 mo to Sep 2024LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Manufacturer of branded, generic formulations, active pharmaceutical ingredients, and nutraceuticals

Traditional pharmaceuticals
₹101.03 crFY 2024-25
+6%2024–2025
—Not available
43 yr1983
0none in 3 months

Research based pharmaceutical manufacturer

Diversified pharmaceuticals
₹66.63 crFY 2024-25
+9%2024–2025
35+17% 12 mo to Sep 2024recorded Sep 2024
9 yr2017
0none in 3 months

R&D company focused on manufacturing drugs for multiple therapeutic areas

Diversified pharmaceuticals
₹66.57 crFY 2024-25
+25%2024–2025
2-2% 12 mo to Sep 2024LinkedIn · Jul 2026
30 yr1996
0none in 3 months

Manufacturer of pharmaceutical intermediates with a focus on purity and optimized manufacturing processes

Diversified pharmaceuticals
₹45.31 crFY 2024-25
+10%2024–2025
71LinkedIn · Jul 2026
20 yr2006
0none in 3 months

Manufacturer of pharmaceutical products for cardiac, diabetic, infertility and others

Diversified pharmaceuticals
₹45.18 crFY 2024-25
+10%2024–2025
34+90% 12 mo to Sep 2024LinkedIn · Jul 2026
30 yr1996
1postings · last posted Aug 2026

Provider of pharmaceutical products for dermatology, pediatrics, and gynecology needs

Diversified pharmaceuticals
₹37.41 crFY 2024-25
+12%2024–2025
112LinkedIn · Jul 2026
30 yr1996
0none in 3 months

Manufacturer, exporter, importer, trader, and wholesaler of pharmaceutical and surgical products

Traditional pharmaceuticals
₹34.44 crFY 2024-25
+10%2024–2025
7LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Manufacturer of pharmaceutical products including tablets, capsules, ointments, and bulk drugs

Diversified pharmaceuticals
₹32.40 crFY 2024-25
+43%2024–2025
—Not available
8 yr2018
0none in 3 months

Pharmaceutical company that specializes in the production of medicines and supplements

Traditional pharmaceuticals
₹28.26 crFY 2022-23
+34%2022–2023
103+32% 12 mo to Jul 2024recorded Jul 2024
4 yr2022
0none in 3 months

R&D company focused on manufacturing of drugs for multiple therapeutic areas

Diversified pharmaceuticals
₹16.88 crFY 2021-22
Not reported
53+18% 12 mo to Sep 2024LinkedIn · Jul 2026
19 yr2007
0none in 3 months

Developing drugs and a range of pharmaceutical products

Diversified pharmaceuticals
₹17.64 crFY 2024-25
+34%2024–2025
24+0% 12 mo to Sep 2024LinkedIn · Jul 2026
34 yr1992
0none in 3 months

Pharmaceutical company specializing in PCD pharma products and third party medicine manufacturing

Diversified pharmaceuticals
₹14.87 crFY 2024-25
+0%2024–2025
13-30% 12 mo to Sep 2024LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Manufacturer of general medicines, branded generics, pharmaceutical creams, and liquids

Diversified pharmaceuticals
₹14.24 crFY 2024-25
+1%2024–2025
19LinkedIn · Jul 2026
29 yr1997
0none in 3 months

Pharmaceutical company focused on R&D of innovative, patented, functional quality nutraceuticals

Diversified pharmaceuticals
₹12.59 crFY 2024-25
+118%2024–2025
25-94% 12 mo to Jul 2023LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Company focused on developing and manufacturing vaccines, biologics, and diagnostics for various diseases

Diversified pharmaceuticals
₹8.01 crFY 2024-25
-6%2024–2025
—Not available
17 yr2009
0none in 3 months

APIs, Generics Manufacturer.

Diversified pharmaceuticals
₹6.12 crFY 2024-25
-39%2024–2025
15LinkedIn · Jul 2026
10 yr2016
0none in 3 months
35 of 63 companies shown here · the full list is on Radar
Fliar Radar

Explore all 63 diversified pharmaceuticals companies in Gujarat on Radar

This page shows the top 35. Radar has the complete, filterable list with contacts and live company signals.

Open diversified pharmaceuticals in Gujarat on Radar
  • Every company, not just 50All 63 diversified pharmaceuticals companies in Gujarat, 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 diversified pharmaceuticals companies in Gujarat by what you are looking for

Browse diversified pharmaceuticals companies in Gujarat, from large drug makers to API and contract manufacturers. You can also find diversified pharma startups in Gujarat and listed pharmaceutical companies.

6 ways to explore diversified pharmaceuticals in Gujarat

Pharmaceutical & generic drug manufacturersAPI makers & pharma contract manufacturersNutraceutical & wellness product makersListed pharmaceutical companies in GujaratDiversified pharmaceuticals startups in GujaratDiversified pharmaceuticals companies hiring in Gujarat

Pharmaceutical & generic drug manufacturers

Makers of branded and generic medicines and formulations.

  1. Zydus Lifesciences

    R&D company focused on manufacturing drugs for multiple therapeutic areas

    Diversified pharmaceuticals
    See in list
  2. Torrent Pharma

    Provider of formulations, API, drug discovery, marketing, and sales services

    Diversified pharmaceuticals
    See in list
  3. Unison Pharmaceuticals

    Pharma company manufacturing a wide range of quality medicines

    Diversified pharmaceuticals
    See in list
  4. Alembic

    Manufacturer of active pharmaceuticals ingredients

    Diversified pharmaceuticals
    See in list
  5. FrimLine

    Developer of innovative solutions for chronic disease management. It focuses on improving the management of chronic diseases through the application of advanced technology. The company collaborates with research institutions to develop and deliver products aimed at early detection and intervention, ultimately improving patient outcomes and reducing the economic burden of chronic illnesses. Its efforts are centered on creating products that address global health challenges.

    Diversified pharmaceuticals
    See in list

API makers & pharma contract manufacturers

Companies making active ingredients and offering outsourced development and manufacturing.

  1. Century Pharma

    API Manufacturer and R&D of recombinant fusion proteins for the treatment of asthma and Mastocytosis

    Diversified pharmaceuticals
    See in list
  2. Saiens BioPharma

    Diversified pharmaceutical company

    Diversified pharmaceuticals
    See in list
  3. Axaj Pharma

    Pharma intermediate manufacturing company planning to expand its API manufacturing capabilities

    Diversified pharmaceuticals
    Website
  4. Ace Lifecare

    End to end provider of pharma solutions including procurement and regulatory approvals

    Diversified pharmaceuticals
    Website

Nutraceutical & wellness product makers

Manufacturers of nutraceuticals and health supplements alongside medicines.

  1. Nabros

    Manufacturer of branded, generic formulations, active pharmaceutical ingredients, and nutraceuticals

    Traditional pharmaceuticals
    See in list
  2. Heet Healthcare

    Manufacturer, exporter, importer, trader, and wholesaler of pharmaceutical and surgical products

    Traditional pharmaceuticals
    See in list
  3. Kamla Amrut Pharmaceuticals

    Pharmaceutical company that specializes in the production of medicines and supplements

    Traditional pharmaceuticals
    See in list
  4. Onesta Lifecare

    Manufacturer of pharmaceutical products across various therapeutic areas and dosage forms

    Diversified pharmaceuticals
    Website
  5. Zydus Lifesciences

    R&D company focused on manufacturing drugs for multiple therapeutic areas

    Diversified pharmaceuticals
    See in list

Listed pharmaceutical companies in Gujarat

Publicly listed diversified pharma companies in Gujarat.

  1. Zydus Lifesciences

    R&D company focused on manufacturing drugs for multiple therapeutic areas

    Diversified pharmaceuticals
    See in list
  2. Torrent Pharma

    Provider of formulations, API, drug discovery, marketing, and sales services

    Diversified pharmaceuticals
    See in list
  3. Alembic

    Manufacturer of active pharmaceuticals ingredients

    Diversified pharmaceuticals
    See in list
  4. SOHM

    Traditional pharma company manufacturing pharmaceuticals, cosmeceuticals and nutraceuticals

    Diversified pharmaceuticals
    Website
4 companies in Gujarat

Diversified pharmaceuticals startups in Gujarat

Newer pharma companies founded in the last few years.

  1. Kamla Amrut Pharmaceuticals

    Pharmaceutical company that specializes in the production of medicines and supplements

    Traditional pharmaceuticals
    See in list
  2. Micro CRISPR

    Developer of CRISPR technology based therapeutics to treat various diseases

    Diversified pharmaceuticals
    See in list
  3. Smart Life Health Care

    Manufacturer and distributor of pharmaceutical products

    Diversified pharmaceuticals
    Website
  4. Axaj Pharma

    Pharma intermediate manufacturing company planning to expand its API manufacturing capabilities

    Diversified pharmaceuticals
    Website
  5. Cosmos Healthcare

    Provider of anti cancer drugs development services

    Diversified pharmaceuticals
    Website
5 companies in Gujarat

Diversified pharmaceuticals companies hiring in Gujarat

Pharma companies with open roles right now.

  1. Zydus Lifesciences

    R&D company focused on manufacturing drugs for multiple therapeutic areas

    Diversified pharmaceuticals
    See in list
  2. Unison Pharmaceuticals

    Pharma company manufacturing a wide range of quality medicines

    Diversified pharmaceuticals
    See in list
  3. Sunrise Remedies

    Manufacturer of pharmaceutical products for cardiac, diabetic, infertility and others

    Diversified pharmaceuticals
    See in list
  4. Micro CRISPR

    Developer of CRISPR technology based therapeutics to treat various diseases

    Diversified pharmaceuticals
    See in list
  5. Biomatrix Healthcare

    Provider of infusion pharmacy providing compassionate care to help patients navigate complex treatments

    Diversified pharmaceuticals
    See in list
5 companies in Gujarat
The business behind the activity

Diversified pharmaceuticals financials in Gujarat

Revenue, profit and growth from the filed annual accounts of 32 diversified pharmaceuticals companies in Gujarat for FY24-25 — 34 of the 63 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 97% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹23,480.19 cr

32 companies filing accounts

combined net profit₹6,459.65 cr

27.5% aggregate margin

are profitable84%

27 of 32 companies

median revenue~₹20.9 cr

the typical company

median revenue growth+15%

into FY24-25

earned by the top five97%

revenue concentration

Six-year view

Combined revenue of filing companies

₹12,307.83 crFY19-2029 filers
₹13,979.13 crFY20-2131 filers
₹14,318.26 crFY21-2233 filers
₹15,787.39 crFY22-2334 filers
₹19,315.36 crFY23-2432 filers
₹23,480.19 crFY24-2532 filers

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

Like-for-like

The same 31 companies over three years

+50%
FY22-23₹15,639.45 cr₹1,977.86 cr net
FY23-24₹19,167.63 cr₹4,235.75 cr net
FY24-25₹23,462.55 cr₹6,459.52 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 cr425% profitable
₹1–10 cr786% profitable
₹10–100 cr1392% profitable
₹100–1,000 cr6100% profitable
Over ₹1,000 cr2100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking6
0–20%11
20–50%9
50–100%1
Doubled+4

31 companies with accounts for both years; median growth +15%.

Profitability

Profit is concentrated at the top

27profitable
5loss-making
27.5%aggregate margin
5.4%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
TrexgenTREXGEN PHARMACEUTICALS PRIVATE LIMITED+118%₹12.59 cr
Asons PharmaASONS PHARMACEUTICALS PRIVATE LIMITED+43%₹32.40 cr
Zydus LifesciencesZYDUS LIFESCIENCES LIMITED+33%₹15,812.50 cr
Westcoast PharmaceuticalsWESTCOAST PHARMACEUTICAL WORKS LIMITED+31%₹154.27 cr
Anax LifescienceANAX LIFESCIENCE PRIVATE LIMITED+26%₹24.25 cr
Theo PharmaTHEO PHARMA PVT LTD+26%₹14.91 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
NabrosNABROS PHARMA PRIVATE LIMITED56.9%₹101.03 cr
Zydus LifesciencesZYDUS LIFESCIENCES LIMITED36.5%₹15,812.50 cr
Asons PharmaASONS PHARMACEUTICALS PRIVATE LIMITED25.8%₹32.40 cr
Unison PharmaceuticalsUNISON PHARMACEUTICALS PRIVATE LIMITED17.2%₹537.10 cr
Shine PharmaceuticalsSHINE PHARMACEUTICALS LIMITED10.5%₹120.09 cr
RP IndustriesR. P. INTERMEDIATES PRIVATE LIMITED10.3%₹45.31 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Diversified pharmaceuticals30₹23,344.72 cr~₹16.3 cr83%27.4%
Leaders

Largest diversified pharmaceuticals companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Zydus LifesciencesZYDUS LIFESCIENCES LIMITED₹15,812.50 cr₹5,774.90 cr36.5%+33%
AlembicALEMBIC PHARMACEUTICALS LIMITED₹6,080.51 cr₹503.12 cr8.3%+3%
Unison PharmaceuticalsUNISON PHARMACEUTICALS PRIVATE LIMITED₹537.10 cr₹92.39 cr17.2%+23%
Westcoast PharmaceuticalsWESTCOAST PHARMACEUTICAL WORKS LIMITED₹154.27 cr₹14.03 cr+31%
Lewens LabsLEWENS LABS PRIVATE LIMITED₹136.52 cr₹8.10 cr5.9%+12%
Shine PharmaceuticalsSHINE PHARMACEUTICALS LIMITED₹120.09 cr₹12.61 cr10.5%-4%
Aura LifecareAURA LIFECARE PRIVATE LIMITED₹102.72 cr₹92.01 lakh0.9%+15%
NabrosNABROS PHARMA PRIVATE LIMITED₹101.03 cr₹57.52 cr56.9%+6%
Merril PharmaMERRIL PHARMA PRIVATE LIMITED₹66.57 cr−₹12.31 lakh-0.2%+25%
RP IndustriesR. P. INTERMEDIATES PRIVATE LIMITED₹45.31 cr₹4.69 cr10.3%+10%
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

Diversified pharmaceuticals funding and M&A across India

60 recorded equity rounds have gone to 423 diversified pharmaceuticals companies in India — how much, at which stage, into which sub-sectors, from whom, and how Gujarat compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months2

US$16.78m

equity rounds, last 24 months3

US$41.78m

raised over five yearsUS$141.88m

16 rounds in India

M&A deals, India43

last 24 months

Capital by year

Equity funding into diversified pharmaceuticals in India

amount rounds
$5.1m20183
$41m20195
$9.7m20205
$20m20216
$9.2m20222
$27m20231
$44m20244
$42m20252
$44k20261

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2024, with US$44.06m across 4 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$404k1 rounds · median US$404k
SeedUS$16.29m3 rounds · median US$8.14m
Series AUS$5.64m5 rounds · median US$1.21m
Series BUS$21.90m2 rounds · median US$10.95m
Series CUS$60.91m3 rounds · median US$25.00m
Series D+US$16.73m1 rounds · median US$16.73m
Private equityUS$20.00m1 rounds · median US$20.00m
Where the money went · five years

Most-funded sub-sectors

Diversified pharmaceuticalsUS$141.83m15 rounds · 7 companies
Diversified diagnosticsUS$44k1 rounds · 1 companies
Corporate activity · last 24 months

M&A in India

41Acquisition
2Merger

Most active acquirers

  1. Torrent pharmaceuticals28
  2. Zydus lifesciences7
  3. Mankind pharma3
  4. Piramal Pharma1
  5. Nowonomics1

Most acquired or merged

  1. JB Chemicals3
  2. JB Chemicals & Pharmaceuticals2
  3. Bharat Serums and Vaccines2
  4. Jb Pharma2
  5. Amplitude surgical2

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

Founders and momentum in Gujarat

Meet the people behind diversified pharmaceuticals companies in Gujarat. 26 of 63 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Keep exploring diversified pharmaceuticals in India and nearby markets.

Coming soon