Company lists
The Ahmedabad edition · 2026

Healthcarecompanies in Ahmedabad

Pharma, CDMO & research, hospitals, clinics, medical devices and more: the companies building healthcare in Ahmedabad, Gujarat, with their founders, funding, team size and business models.

881 company profiles325 with reported revenue25 with recorded fundingSeptember 2026 edition
Ahmedabad · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent healthcare business events in Ahmedabad

Funding, M&A, contract wins and launches involving 1,014 healthcare companies in Ahmedabad, last 24 months: 66 M&A deals · 16 Contracts · 5 funding rounds · 3 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

FundingSecondary

Marengo asia healthcare

Marengo Asia Healthcare, the hospital platform backed by Samara Capital and the family offices of the Havells and Godrej groups, is seeking to raise ₹400-500 crore, with LeapFrog…

Healthcare
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 · Announced

Corona remedies acquires Wokadine

Corona Remedies announced the acquisition of the Wokadine brand from Dr. Reddy's Laboratories to strengthen its presence in targeted specialty segment and offer wider accessibility.

Pharmaceuticals
M&AAcquisition · Announced

Corona remedies acquires Dr. reddy's laboratories

Corona Remedies announced the acquisition of the Wokadine brand from Dr. Reddy's Laboratories to strengthen its presence in targeted specialty segment and offer wider accessibility.

Pharmaceuticals
M&AAcquisition · Announced

Rubicon research acquires Arinna lifesciences

Apr 15: Rubicon Research Limited (“Rubicon” or the “Company”) today announced the acquisition of an 85% equity ownership in Arinna Lifesciences Limited (“Arinna”) from its current…

Pharmaceutical
M&AAcquisition · Completed

Eris lifesciences acquires Velbiom probiotics

The acquisition has been executed via a Business Transfer Agreement (BTA), marking Eris Lifesciences’ strategic expansion into the growing probiotics and microbiome-based therapeutics…

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…

ContractSupply

Intas pharmaceuticals · client: Kashiv biosciences

Kashiv BioSciences has entered into an exclusive licensing and supply agreement with Intas Pharmaceuticals for a complex peptide product to be marketed across Europe, the United Kingdom…

ContractSupply

Kashiv biosciences · client: Intas pharmaceuticals

Kashiv BioSciences, LLC (“Kashiv”) a vertically integrated biopharmaceutical company, today announced that it has entered into an exclusive licensing and supply agreement with Intas…

Biopharmaceutical
M&AAcquisition

Dishman Pharmaceuticals and Chemicals acquires Carbogen-Amcis

Dishman Pharmaceuticals and Chemicals (Ahmedabad, India) with its acquisition of Carbogen-Amcis from Solutia

ContractTechnology

Borns Medical Robotics Inc. · client: Shukra pharmaceuticals

Shukra Pharmaceuticals has also signed a memorandum of understanding (MoU) with Borns Medical Robotics Inc. to bring surgical robotics technology to India.

Healthcare
ContractService

Zodiac energy · client: Amanta healthcare

Ahmedabad-based solar EPC company Zodiac Energy Ltd. has signed an agreement with Amanta Healthcare Ltd. to install a 10.8 MWp captive solar power project in Kheda district, Gujarat

Renewable Energy
M&AAcquisition · Completed

AKSHIT M. RAYCHAHUF acquires Achyut Healthcare

AKSHIT M. RAYCHAHUF acquired 31,500 equity shares of Achyut Healthcare Limited through open market purchase, representing 0.013% of the company's total share capital.

Healthcare
M&AAcquisition · Announced

Creador acquires La Renon Healthcare

Mumbai: Kuala Lumpur-based private equity firm Creador has acquired a 7% stake in La Renon Healthcare from the promoter and existing investor Peak XV Partners for an undisclosed sum, the…

Healthcare
M&AAcquisition · Completed

Creador acquires La Renon Healthcare

Creador will purchase about 7% stake in La Renon for about ₹770 crore

Pharmaceutical
M&AAcquisition · Announced

White Oak Capital Management, Siguler Guff, and Creador acquires La Renon Healthcare

Mumbai: An investor consortium comprising White Oak Capital Management, US private equity firm Siguler Guff, and Kuala Lumpur-based Creador has acquired about 10% of pharmaceutical…

Pharmaceuticals
ContractSupply

JFL Life Sciences · client: Jd healthcare

JFL Life Sciences Limited has received a new order from JD Healthcare. The order involves supplying Merilyzer Quantilyte Machines, which are pharmaceutical and healthcare instruments.…

Healthcare
ContractSupply

Cadila pharmaceuticals · client: Algorae Pharmaceuticals

Algorae Pharmaceuticals (ASX: 1AI) and private Indian company Cadila Pharmaceuticals have entered into a licence and supply agreement covering two new generic medicines for the…

Pharmaceuticals
ContractSupply

Shukra pharmaceuticals · client: HSCC (India) Limited

Shukra Pharmaceuticals secures Rs. 24.06 crore contract from HSCC (India) Limited to supply essential medicines and diagnostic kits to the Technical Mission of India in Kabul, Afghanistan.

Pharmaceuticals
M&AAcquisition · Announced

Intas pharmaceuticals acquires Prothya biosolutions

Accord Plasma B.V., a subsidiary of Intas Pharmaceuticals, has announced the execution of an agreement to acquire 100% of Prothya Biosolutions Belgium BV and each of its subsidiaries

Plasma-derived medicinal products
Funding

Qrl bioscience

Also in the spotlight is QRL Bioscience, which raised Rs 3 crore from GVFL to advance its personalised, cell-based therapies for chronic degenerative diseases.

Investors GVFL
Biotechnology, personalised cell-based therapies
ContractService

Apitco · client: Shukra pharmaceuticals

Shukra Pharmaceuticals has executed the service agreement with APITCO.

Healthcare
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&AAcquisition · Announced

Sterling accuris acquires Gujarat and Maha Gujarat Pathology Laboratories

Sterling Accuris announces the acquisition of Gujarat and Maha Gujarat Pathology Laboratories, a pathology service provider in Ahmedabad.

Pathology Services
M&AAcquisition · Announced

Vaishali pharma acquires Kesar Pharma

As per a press release dated February 19, 2025, Vaishali Pharma has agreed to buy a majority stake of 51.02 percent in a company called Kesar Pharma Limited.

Pharmaceuticals

Healthcare companies in Ahmedabad, by revenue

Browse healthcare companies in Ahmedabad 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 325 healthcare companies in Ahmedabad, 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 50

Reliance

Traditional pharmaceuticals
₹998,114.00 crFY 2024-25
Not reported
—Not available
41 yr1985
12postings · last posted Sep 2026

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

Diversified pharmaceuticals
₹19,831.50 crFY 2023-24
Not reported
10,001recorded
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
12,137+10% 12 mo to Mar 2024LinkedIn · Jul 2026
67 yr1959
0none in 3 months

Manufacturer and supplier of medical devices

Medical device outsourcing
₹4,992.15 crFY 2024-25
+40%2024–2025
748recorded
20 yr2006
—No postings tracked

Manufacturer of pharmaceutical formulations for chronic diseases

Traditional pharmaceuticals
₹2,912.00 crFY 2024-25
+43%2024–2025
3,836-12% 12 mo to Sep 2024LinkedIn · Jul 2026
19 yr2007
0none in 3 months

CDMO focused on manufacturing of API

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

Provider of pharmaceutical products

Traditional pharmaceuticals
₹1,685.81 crFY 2024-25
+16%2024–2025
1,245+7% 12 mo to Sep 2024LinkedIn · Jul 2026
19 yr2007
0none in 3 months

CDMO focused on manufacturing API

Biopharma outsourcing
₹1,244.53 crFY 2024-25
+18%2024–2025
1,228+16% 12 mo to Sep 2024LinkedIn · Jul 2026
26 yr2000
0none in 3 months

Manufacturer of pharmaceutical products focused on women's health, cardio-diabetology, pain management, and urology

Traditional pharmaceuticals
₹1,202.35 crFY 2024-25
+18%2024–2025
2,130+4% 12 mo to Jul 2024LinkedIn · Jul 2026
22 yr2004
0none in 3 months

Provider of home nursing care services

Home healthcare
₹1,114.55 crFY 2024-25
+17%2024–2025
2,671+5% 12 mo to Sep 2024recorded Sep 2024
32 yr1994
1postings · last posted Aug 2026

Manufacturer of veterinary drugs

Veterinary health products
₹1,023.44 crFY 2024-25
+24%2024–2025
1,104+31% 12 mo to Sep 2024recorded Sep 2024
5 yr2021
0none in 3 months

Manufacturer of novel drug delivery systems (NDDS) pharmaceuticals

Traditional pharmaceuticals
₹853.37 crFY 2022-23
Not reported
3,468+7% 12 mo to Sep 2024recorded Sep 2024
43 yr1983
0none in 3 months

Network of multispeciality hospitals

Hospital chains
₹876.25 crFY 2024-25
+24%2024–2025
1,845+5% 12 mo to Sep 2024recorded Sep 2024
16 yr2010
4postings · last posted Aug 2026

Manufacturer of non-beta lactam pharmaceutical formulations

Traditional pharmaceuticals
₹645.71 crFY 2024-25
+5%2024–2025
1,358recorded
31 yr1995
0none in 3 months

Offers diversified clinical research services

Biopharma outsourcing
₹630.84 crFY 2024-25
+2%2024–2025
1,704+2% 12 mo to Sep 2024LinkedIn · Jul 2026
22 yr2004
0none in 3 months

Company specializing in global sourcing activities and strengthening the supply chain

Biopharma outsourcing
₹622.42 crFY 2024-25
+68%2024–2025
89LinkedIn · Jul 2026
12 yr2014
1postings · last posted Sep 2026

Provider of contract research organization services, supporting the development of biotherapeutics and small molecules

Biopharma outsourcing
₹621.14 crFY 2024-25
+52%2024–2025
1,586+3% 12 mo to Aug 2023LinkedIn · Jul 2026
22 yr2004
1postings · last posted Sep 2026

Manufacturer of intravenous infusions and clinical nutrition products

Traditional pharmaceuticals
₹605.53 crFY 2023-24
-6%2023–2024
909-49% 12 mo to Sep 2024recorded Sep 2024
14 yr2012
4postings · last posted Aug 2026

Aculife manufactures and supplies injectables, oral shots, contact lens cleaning solutions, and respiratory products.

Traditional pharmaceuticals
₹491.75 crFY 2021-22
Not reported
991+10% 12 mo to Feb 2024LinkedIn · Jul 2026
12 yr2014
—No postings tracked

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 oncological products

Biopharma outsourcing
₹430.96 crFY 2024-25
+66%2024–2025
—Not available
21 yr2005
0none in 3 months

Manufacturer of pharmaceutical, food, and beverage products via contract manufacturing

Biopharma outsourcing
₹430.29 crFY 2024-25
+20%2024–2025
302+94% 12 mo to Sep 2024recorded Sep 2024
42 yr1984
1postings · last posted Jul 2026

Brand offering skin, hair & health care products

Beauty & personal care products
₹425.64 crFY 2024-25
+31%2024–2025
1,812+86% 12 mo to Sep 2024recorded Sep 2024
18 yr2008
0none in 3 months · last posted Jun 2026

Manufacturer of sterile liquid parenterals using Aseptic BFS & ISBM technology

Traditional pharmaceuticals
₹276.09 crFY 2024-25
-2%2024–2025
346-3% 12 mo to Mar 2024LinkedIn · Jul 2026
29 yr1997
0none in 3 months · last posted Jan 2026

Pharmaceutical company specializing in the production of microcrystalline cellulose and other excipient and derivative products

Biopharma outsourcing
₹270.99 crFY 2024-25
+9%2024–2025
98-7% 12 mo to Jun 2024LinkedIn · Jul 2026
25 yr2001
0none in 3 months
50 of 881 companies shown here · the full list is on Radar
Fliar Radar

Explore all 881 healthcare companies in Ahmedabad on Radar

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Explore healthcare companies in Ahmedabad by what you are looking for

Browse top healthcare companies in Ahmedabad, from pharmaceutical manufacturers and hospitals to clinics and medical device makers. You can also find healthcare startups in Ahmedabad and healthcare companies hiring in Ahmedabad.

9 ways to explore healthcare in Ahmedabad

Pharmaceutical companies & drug manufacturersCDMO, contract research & biopharma outsourcing companiesHospitals & hospital chainsClinics, dental & specialty care centresMedical device makers & suppliersPharmaceutical distributors & pharmacies

Pharmaceutical companies & drug manufacturers

Makers of generic and branded medicines, formulations and active ingredients.

  1. RELIANCE

    Reliance

    Traditional pharmaceuticals
    See in list
  2. Zydus Lifesciences

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

    Diversified pharmaceuticals
    See in list
  3. Torrent Pharma

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

    Diversified pharmaceuticals
    See in list
  4. ERIs Life Sciences

    Manufacturer of pharmaceutical formulations for chronic diseases

    Traditional pharmaceuticals
    See in list
  5. La Renon

    Provider of pharmaceutical products

    Traditional pharmaceuticals
    See in list

CDMO, contract research & biopharma outsourcing companies

Contract development, manufacturing and clinical research organisations.

  1. Dishman Carbogen Amcis

    CDMO focused on manufacturing of API

    Biopharma outsourcing
    See in list
  2. Cliantha

    Offers diversified clinical research services

    Biopharma outsourcing
    See in list
  3. NewLife Medicals

    Company specializing in global sourcing activities and strengthening the supply chain

    Biopharma outsourcing
    See in list
  4. Veeda Clinical Research

    Provider of contract research organization services, supporting the development of biotherapeutics and small molecules

    Biopharma outsourcing
    See in list
  5. Otsuka Pharmaceutical India

    Manufacturer of intravenous infusions and clinical nutrition products

    Traditional pharmaceuticals
    See in list

Hospitals & hospital chains

Multispecialty and single specialty hospitals and hospital groups.

  1. Zydus Hospitals

    Network of multispeciality hospitals

    Hospital chains
    See in list
  2. Apex Heart Institute

    Standalone multispeciality hospital

    Hospitals
    Website
  3. Saviour Hospital

    Provider of multi-specialty tertiary care hospitalization services

    Hospitals
    Website
  4. Aastha Oncology Associates

    Healthcare organization that focuses on providing cancer treatment and care

    Hospital chains
    Website
  5. Health1 Super Speciality Hospitals

    Integrated healthcare services provider offering a range of medical specialties and services through its network of hospitals and associated facilities

    Hospitals
    Website

Clinics, dental & specialty care centres

Specialty clinics and clinic chains for skin, dental, fertility, orthopedic and other care.

  1. Hemato Oncology Clinic

    Provider of hematology and oncology treatment, diagnostics, and research

    Clinics
    Website
  2. Sunflower Women’s Hospital

    Provider of infertility treatments, endoscopy, sonography, and maternity services

    Clinics
    Website
  3. Assure

    Chain of skin and hair clinics

    Clinics
    Website
  4. Aditi Wellness

    Company specializing in occupational health services

    Clinics
    Website
  5. Fine Feather Dental

    Chain of dental clinics

    Clinics
    Website

Medical device makers & suppliers

Manufacturers and distributors of medical devices, equipment and consumables.

  1. Deep Medical Devices

    Provider of medical devices for coronary intervention, aspiration, and imaging systems to reduce health inequality and improve patient access to care

    Medical device distributors
    Website
  2. Sigma Surgical

    Manufacturer & supplier of orthopedic implants including locking plates, interlocking nails, bone screws, and spinal screws

    Medical device distributors
    Website
  3. Angiplast

    Manufacturer of disposable medical devices for various therapies

    Medical supplies and consumables
    Website
  4. Silverline Meditech

    Manufacturer and distributor of a wide range of medical instruments

    Diversified medical devices
    Website
  5. POCT

    R&D company manufacturing medical devices for multiple therapeutic areas

    Diversified medical devices
    Website

Pharmaceutical distributors & pharmacies

Distributors of medicines and pharmaceutical raw materials, plus pharmacies.

  1. Medwise Overseas

    Distributor of diversified drugs

    Pharmaceutical distributors
    See in list
  2. Dhruvi Pharma

    Distributor of pharmaceutical products

    Pharmaceutical distributors
    Website
  3. Dipna Pharmachem

    Distributor of pharmaceutical raw materials

    Pharmaceutical distributors
    Website
  4. Care Pharmacy

    Chain of pharmacies

    Pharmacies
    Website
  5. Biolog Pharma

    Distributor of pharmaceutical injections and medical devices

    Pharmaceutical distributors
    Website

Nutraceutical, ayurvedic & wellness product companies

Makers of supplements, ayurvedic and alternative medicine products.

  1. Zeon Biotech

    Manufacturer and exporter of pharmaceutical and nutraceutical products

    Traditional nutraceuticals
    Website
  2. Aarmed Formulations

    Manufacturer of nutritional supplements

    Traditional nutraceuticals
    Website
  3. Gayatri Ayupharma

    Manufacturer of ayurvedic medicines

    Alternative medicine products
    Website
  4. TiTus HealthTech

    Manufacturer of supplements for infants and babies

    Traditional nutraceuticals
    Website
  5. Alpic Remedies

    Manufacturer of traditional Indian color cosmetics

    Traditional nutraceuticals
    Website

Healthcare startups in Ahmedabad

Newer healthcare companies in Ahmedabad founded in recent years.

  1. Zenex Animal Health

    Manufacturer of veterinary drugs

    Veterinary health products
    See in list
  2. Mono Pharmacare

    Distributor of diversified drugs

    Pharmaceutical distributors
    See in list
  3. Northstar Pathology labs

    Provider of diagnostic imaging services

    Clinical laboratories
    Website
  4. Zasya

    Provider of integrated drug discovery, development, and manufacturing solutions

    Biopharma outsourcing
    Website
  5. Alax Bioresearch

    CDMO focused on manufacturing pharmaceutical formulations

    Biopharma outsourcing
    Website
97 companies in Ahmedabad

Healthcare companies hiring in Ahmedabad

Healthcare companies in Ahmedabad with open roles.

  1. RELIANCE

    Reliance

    Traditional pharmaceuticals
    See in list
  2. Zydus Lifesciences

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

    Diversified pharmaceuticals
    See in list
  3. Dishman Carbogen Amcis

    CDMO focused on manufacturing of API

    Biopharma outsourcing
    See in list
  4. Shalby

    Provider of home nursing care services

    Home healthcare
    See in list
  5. NewLife Medicals

    Company specializing in global sourcing activities and strengthening the supply chain

    Biopharma outsourcing
    See in list
28 companies in Ahmedabad
Mobile reach

Top 10 healthcare apps from Ahmedabad

The most-installed Android apps published by healthcare companies headquartered in Ahmedabad — 897K installs between them. 16 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
3

Unipath Labs - Blood Test App

by Unipath

Installs24K
Rating—
Last updatedMar 2026
View on Google Play ↗
Unipath Labs - Blood Test App screenshot 1Unipath Labs - Blood Test App screenshot 2Unipath Labs - Blood Test App screenshot 3Unipath Labs - Blood Test App screenshot 4Unipath Labs - Blood Test App screenshot 5Unipath Labs - Blood Test App screenshot 6
8

Nephrology Conferences

by Biokindle

Installs763
Rating—
Last updatedAug 2025
View on Google Play ↗
Nephrology Conferences screenshot 1Nephrology Conferences screenshot 2Nephrology Conferences screenshot 3Nephrology Conferences screenshot 4Nephrology Conferences screenshot 5Nephrology Conferences screenshot 6
The business behind the activity

Healthcare financials in Ahmedabad

Revenue, profit and growth from the filed annual accounts of 304 healthcare companies in Ahmedabad, Gujarat for FY24-25 — 354 of the 881 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₹590,484.16 cr

304 companies filing accounts

combined net profit₹43,237.48 cr

7.3% aggregate margin

are profitable83%

252 of 304 companies

median revenue~₹15.7 cr

the typical company

median revenue growth+13%

into FY24-25

earned by the top five97%

revenue concentration

Six-year view

Combined revenue of filing companies

₹387,155.65 crFY19-20265 filers
₹303,168.49 crFY20-21283 filers
₹485,310.74 crFY21-22302 filers
₹596,507.38 crFY22-23316 filers
₹35,983.77 crFY23-24319 filers
₹590,484.16 crFY24-25304 filers

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

Like-for-like

The same 284 companies over three years

+39%
FY22-23₹29,759.24 cr₹3,221.73 cr net
FY23-24₹34,622.18 cr₹5,413.79 cr net
FY24-25₹41,313.18 cr₹7,969.04 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 cr3142% profitable
₹1–10 cr8882% profitable
₹10–100 cr13390% profitable
₹100–1,000 cr4589% profitable
Over ₹1,000 cr7100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking79
0–20%103
20–50%55
50–100%26
Doubled+33

296 companies with accounts for both years; median growth +13%.

Profitability

Profit is concentrated at the top

252profitable
52loss-making
7.3%aggregate margin
2.9%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
ClinnexCLINNEX RESEARCH PRIVATE LIMITED+324%
Acute Research centreACUTE RESEARCH PRIVATE LIMITED+288%
Accretion PharmaceuticalsAccretion Nutraveda Limited+212%
Octavius PharmaOCTAVIUS PHARMA PRIVATE LIMITED
Nidhi HospitalNIDHI HEALTHCARE LIMITED
Incy HealthcareINCY HEALTHCARE PRIVATE LIMITED+133%₹12.03 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
NabrosNABROS PHARMA PRIVATE LIMITED56.9%₹101.03 cr
Northstar Pathology labsNORTH STAR DIAGNOSTICS PRIVATE LIMITED46.9%
Lambda Clinical ServicesLAMBDA CLINICAL SERVICES LIMITED46.8%₹12.59 cr
Acute Research centreACUTE RESEARCH PRIVATE LIMITED
Zydus LifesciencesZYDUS LIFESCIENCES LIMITED36.5%₹15,812.50 cr
Apex Heart InstituteTOTAL CARDIO VASCULAR SOLUTIONS PRIVATE LIMITED32.5%
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Traditional pharmaceuticals72₹559,570.40 cr~₹16.6 cr79%6.4%
Diversified pharmaceuticals18₹16,706.81 cr~₹11.3 cr83%35.2%
Biopharma outsourcing84₹6,243.67 cr~₹15.7 cr81%12.1%
Hospital chains8₹1,615.15 cr~₹34.8 cr100%9.1%
Pharmaceutical distributors21₹778.09 cr~₹19.6 cr81%5.2%
Hospitals15₹436.60 cr~₹18.1 cr87%12.2%
Traditional medical devices16₹302.24 cr~₹5.9 cr88%9.8%
Traditional nutraceuticals8₹272.48 cr~₹32.2 cr88%5.9%
Leaders

Largest healthcare companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
RELIANCEReliance Industries Limited₹548,886.00 cr₹35,262.00 cr6.4%—
Zydus LifesciencesZYDUS LIFESCIENCES LIMITED₹15,812.50 cr₹5,774.90 cr36.5%+33%
Cadila Pharmaceuticals LimitedCADILA PHARMACEUTICALS LIMITED₹2,602.93 cr₹73.96 cr+1%
ERIs Life SciencesERIS LIFESCIENCES LIMITED₹1,733.26 cr₹77.39 cr4.5%+14%
La RenonLA RENON HEALTHCARE PRIVATE LIMITED₹1,439.25 cr₹245.00 cr17.0%+18%
Concord BiotechConcord Biotech Limited₹1,244.53 cr₹372.96 cr30.0%+18%
Zenex Animal HealthZENEX ANIMAL HEALTH INDIA PRIVATE LIMITED₹1,023.44 cr₹26.16 cr2.6%+24%
ShalbySHALBY LIMITED₹899.13 cr₹83.79 cr9.3%+6%
Zydus HospitalsZYDUS HOSPITALS AND HEALTHCARE RESEARCH PRIVATE LIMITED₹876.25 cr₹126.84 cr14.5%+24%
AculifeACULIFE HEALTHCARE PRIVATE LIMITED₹648.05 cr₹20.35 cr3.1%+4%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

Industry landscape report

Chemicals and Materials Industry Landscape of Ahmedabad

The financials above are one chapter. The full healthcare landscape of Ahmedabad maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the healthcare landscape of Ahmedabad
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

Healthcare funding and M&A across India

1,369 recorded equity rounds have gone to 20,519 healthcare companies in India — how much, at which stage, into which sub-sectors, from whom, and how Ahmedabad compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months36

US$595.07m

equity rounds, last 24 months118

US$1.37bn

raised over five yearsUS$5.38bn

511 rounds in India

M&A deals, Ahmedabad66

last 24 months

Capital by year

Equity funding into healthcare in India

amount rounds
$767m201874
$582m201987
$406m202099
$1.6bn2021108
$1.2bn2022122
$632m202398
$696m202491
$808m202570
$443m202622

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$1.58bn across 108 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$168.40m100 rounds · median US$185k
SeedUS$201.43m194 rounds · median US$515k
Series AUS$735.07m89 rounds · median US$5.30m
Series BUS$656.01m58 rounds · median US$11.67m
Series CUS$944.91m22 rounds · median US$36.62m
Series D+US$1.52bn25 rounds · median US$34.18m
Private equityUS$1.16bn23 rounds · median US$25.00m
Where the money went · five years

Most-funded sub-sectors

Biopharma outsourcingUS$982.10m45 rounds · 35 companies
Hospital chainsUS$908.75m64 rounds · 31 companies
Clinic chainsUS$789.02m89 rounds · 47 companies
Traditional pharmaceuticalsUS$639.51m26 rounds · 20 companies
Clinical laboratory chainsUS$347.46m16 rounds · 8 companies
Fitness & wellness techUS$315.53m6 rounds · 1 companies
Medical device outsourcingUS$215.23m5 rounds · 5 companies
Corporate activity · last 24 months

M&A in Ahmedabad

63Acquisition
3Merger

Most active acquirers

  1. Torrent pharmaceuticals28
  2. Zydus lifesciences9
  3. Corona remedies6
  4. Eris lifesciences5
  5. Creador3

Most acquired or merged

  1. La Renon Healthcare6
  2. SWISS PARENTERALS3
  3. JB Chemicals3
  4. JB Chemicals & Pharmaceuticals2
  5. Coherus biosciences2

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

Healthcare funding in Ahmedabad

25 healthcare companies in Ahmedabad have recorded equity funding, US$861.98m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Ahmedabad

Meet the people behind healthcare companies in Ahmedabad. 289 of 881 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Ahmedabad healthcare companies by sub-sector

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

Keep exploring healthcare in India and nearby markets.

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