Company lists
The Bhubaneswar edition · 2026

Healthcarecompanies in Bhubaneswar

Hospitals, clinics, home healthcare, pharma & pharmacies, diagnostics & labs and more: the companies building healthcare in Bhubaneswar, with their founders, funding, team size and business models.

62 company profiles25 with reported revenue4 with recorded fundingOctober 2026 edition
Bhubaneswar · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent healthcare business events in India

Funding, M&A, contract wins and launches involving 20,519 healthcare companies in India, last 24 months: 397 M&A deals · 106 funding rounds · 102 Contracts · 26 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

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 · 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
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

Marksans pharma acquires Qliniq

On June 1, 2026, Marksans Pharma Ltd confirmed the plan for acquisition of 100% of the share capital of QliniQ B.V. for a total consideration of €7,500,000.

Pharmaceutical
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

Anupam Rasayan India acquires Bliss gvs pharma

New Delhi, Specialty chemicals maker Anupam Rasayan India has signed an agreement to acquire up to 43.3 per cent stake in pharmaceutical formulations company Bliss GVS Pharma Ltd for an…

Pharmaceutical formulations
M&AMerger · Announced

Apollo health and lifestyle limited acquires Kids Clinic India Limited

Under the agreement, Apollo Health and Lifestyle Limited (AHLL), a subsidiary of Apollo Hospitals Enterprise, is combining its 'Apollo Cradle' and 'Apollo Fertility' units with Kids…

Healthcare
M&AAcquisition · Completed

Singularity Equity Fund 1 acquires Hemant Surgical Industries

Ace investor Madhusudan Kela has acquired a 5% stake in Hemant Surgical Industries, with the company allotting 6,49,600 equity shares to Singularity Equity Fund 1 — the fund through…

Medical consumables and surgical products
M&AAcquisition · Announced

Orchid pharma acquires Allecra

Orchid Pharma has acquired global rights to Enmetazobactam and the trademark Exblifep from Allecra, pending completion within three months.

Pharmaceuticals
M&AAcquisition · Announced

Niraj Rajnikant Shah acquires Speciality Medicines

Niraj Rajnikant Shah has signaled strong investor confidence in Speciality Medicines Ltd by planning to acquire 5,47,000 shares, increasing his stake to 6.22% of the company's total…

Pharmaceutical
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 · Completed

Max Healthcare Institute acquires Kalinga hospital

Max Healthcare Institute has successfully acquired a 58.28% controlling stake in Kalinga Hospital Ltd. (KHL) for an aggregate consideration of approximately ₹297.97 crore.

Healthcare
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 · Terminated

Vasa Denticity Limited acquires IDS Denmed

Vasa Denticity Limited has informed the National Stock Exchange of India Ltd that it and IDS Denmed Private Limited have mutually decided not to proceed with their proposed acquisition.

Dental/Business
M&AAcquisition · Announced

Sun pharmaceutical industries acquires Organon

The pharmaceutical sector accounted for the vast majority of the financial commitment, with planned investments exceeding $19.1 billion, led by Sun Pharmaceutical Industries Ltd, which…

Pharmaceutical
Contract

Sun pharma · client: Organon

Sun Pharma To Acquire Organon in USD 11.75 Billion Deal, Marks Biggest Indian Pharma Acquisition Ever.

M&AAcquisition · Completed

Piramal Pharma acquires Kenalog

Piramal Pharma recently completed the Kenalog acquisition

Pharmaceutical
FundingStrategic investment

Rivarp medical

Jashvik Capital today announced that its portfolio company, Futura Medtech, has made a strategic investment in Rivarp Medical, a Bengaluru-based manufacturer of medical devices and…

Investors Futura Medtech
Medical devices
FundingRights issue

Baby memorial hospital

KKR has pumped ₹1,750 crore in Baby Memorial Hospital by way of a rights issue as it positions the Kozhikode-based healthcare player for a larger region-wide footprint, according to…

Investors Kkr
Healthcare
M&AAcquisition · Announced

Organon acquires Sun pharma

US pharmaceutical company Organon is going to buy 100 percent stake in India 's Sun Pharma.

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
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

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
ContractService

Aurobindo pharma · client: Msd

The company’s arm has expanded its contract manufacturing (CMO) agreement with MSD and plans to set up a new unit with an investment of $150–175 million, indicating a strong push in the…

FundingSeed

Last Mile Care

Last Mile Care Pvt Ltd, a burgeoning healthcare start-up, announced on Wednesday that it has successfully raised close to USD 1 million in a seed funding round masterminded by Philip…

Investors Philip Foundation's impact investment arm, World diabetes foundation, We Share Forward Foundation, High-net-worth individual investors
Healthcare
M&AAcquisition · Announced

Rubicon research acquires Arinna lifesciences

Thane-based Rubicon Research Limited has acquired an 85 per cent equity stake in Ahmedabad-based Arinna Lifesciences Limited, marking its entry into India's domestic formulations market,…

Pharmaceutical
M&AAcquisition · Completed

Carlyle acquires Knack global

Carlyle picked up a majority stake in Florida based Knack Global at a valuation of around $500 million.

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

Healthcare companies in Bhubaneswar, by revenue

Browse healthcare companies in Bhubaneswar by reported revenue, one-year revenue growth, revenue model, age and stage. The 25 companies below are the largest by their most recent reported revenue among 25 healthcare companies in Bhubaneswar 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 25

Integrated healthcare provider offering health services and patient care

Hospitals
₹340.62 crFY 2024-25
+54%2024–2025
413+28% 12 mo to Sep 2024LinkedIn · Oct 2026
18 yr2008
0none in 3 months · last posted Jun 2026

Pathology lab

Clinical laboratories
₹213.73 crFY 2024-25
+7%2024–2025
19+12% 12 mo to Sep 2024recorded Sep 2024
31 yr1995
0none in 3 months

Multi-specialty hospital offering state-of-the-art medical care services, with a focus on expert treatments in oncology, neurology, spine surgery, and cancer care, supported by advanced technology and a team of experienced doctors

Hospitals
₹99.23 crFY 2024-25
+11%2024–2025
107LinkedIn · Jul 2026
19 yr2007
0none in 3 months

Provider of multidisciplinary tertiary care hospital services

Hospitals
₹53.21 crFY 2024-25
+15%2024–2025
89LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Provider of medical equipment and hospital solutions

Medical device distributors
₹47.44 crFY 2024-25
+3%2024–2025
28+4% 12 mo to Sep 2024recorded Sep 2024
36 yr1990
0none in 3 months

Manufacturer of allopathic, phyto-mineral, and veterinary products across multiple therapeutic areas

Traditional pharmaceuticals
₹20.09 crFY 2024-25
+1%2024–2025
60+5% 12 mo to Sep 2024LinkedIn · Jul 2026
25 yr2001
0none in 3 months · last posted Oct 2025

tandalone multi speciality hospital

Hospitals
₹14.39 crFY 2021-22
Not reported
24+2% 12 mo to Sep 2024LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Provider of accounting, financial, and forensic accounting services

Pharmacies
₹11.70 crFY 2024-25
+21%2024–2025
23LinkedIn · Jul 2026
26 yr2000
0none in 3 months

Leading medical equipment supplier offering complete hospital solutions

Medical device distributors
₹9.58 crFY 2024-25
+39%2024–2025
—Not available
10 yr2016
0none in 3 months

Provider of live draw results for a lottery game online

Hospitals
₹8.70 crFY 2022-23
-23%2022–2023
31+0% 12 mo to Aug 2024recorded Aug 2024
18 yr2008
0none in 3 months

Provider of home care nursing services

Home healthcare
₹6.03 crFY 2024-25
+54%2024–2025
81+47% 12 mo to Aug 2024recorded Aug 2024
9 yr2017
0none in 3 months

Manufacturer of antibodies and reagents

Life sciences platforms and tools
₹4.32 crFY 2024-25
+8%2024–2025
24-23% 12 mo to Aug 2024recorded Aug 2024
22 yr2004
0none in 3 months

Provider of cannabis based dietary supplements and personal care products

Cannabis brands and retailers
₹3.96 crFY 2023-24
-1%2023–2024
22-5% 12 mo to Sep 2024LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Manufacturer and supplier of medical and laboratory equipment, including hand sanitizers, face masks, petri dishes, and other health-related products, catering to the healthcare industry

Medical supplies and consumables
₹2.29 crFY 2023-24
-27%2023–2024
—Not available
10 yr2016
0none in 3 months

Provider of cannabis based products for health

Cannabis brands and retailers
₹19.70 lakhFY 2024-25
-26%2024–2025
—Not available
8 yr2018
0none in 3 months

Provider of teleconsultation services

Home healthcare
₹18.32 lakhFY 2022-23
+1895%2022–2023
9LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Provider of drugs discovery, clinical trials, and regulatory affairs services

Biopharma outsourcing
₹15.53 lakhFY 2024-25
+676%2024–2025
—Not available
3 yr2023
0none in 3 months

Provider of molecular biology kits and custom DNA/RNA services

Traditional life sciences platforms & tools
₹12.03 lakhFY 2024-25
+10%2024–2025
4LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Biotechnology company providing purified proteins for life science

Traditional diagnostics
₹8.19 lakhFY 2024-25
-37%2024–2025
—Not available
8 yr2018
0none in 3 months

Coscend Communications Solutions solves cancerous enterprise software problems in communications, cloud services, and media companies.

Hospitals
₹5.21 lakhFY 2024-25
+17%2024–2025
—Not available
19 yr2007
0none in 3 months

Biotech startup that specializes in the development and production of recombinant proteins

Biopharma outsourcing
₹3.17 lakhFY 2024-25
-89%2024–2025
—Not available
4 yr2022
0none in 3 months

Provider of consultation and advisory services from medical cannabis and industrial hemp experts

Cannabis services
₹2.76 lakhFY 2024-25
+1909%2024–2025
6LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Provider of home healthcare services, offering personalized elderly care, nursing, post-surgical support, and physiotherapy services

Home healthcare
₹1.03 lakhFY 2021-22
-75%2021–2022
—Not available
6 yr2020
0none in 3 months

Provider of transforming mental health through technology and empathy

Rehabilitation and long-term care
₹0.71 lakhFY 2024-25
-43%2024–2025
6LinkedIn · Jul 2026
3 yr2023
0none in 3 months

Standalone oncology hospital

Hospitals
₹0.59 lakhFY 2024-25
-58%2024–2025
20LinkedIn · Jul 2026
21 yr2005
0none in 3 months
25 of 62 companies shown here · the full list is on Radar
Fliar Radar

Explore all 62 healthcare companies in Bhubaneswar on Radar

This page shows the top 25. Radar has the complete, filterable list with contacts and live company signals.

Open healthcare in Bhubaneswar on Radar
  • Every company, not just 50All 62 healthcare companies in Bhubaneswar, 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 healthcare companies in Bhubaneswar by what you are looking for

Browse healthcare companies in Bhubaneswar, from multispecialty hospitals and specialty clinics to home healthcare providers. Find the top healthcare companies in the city across pharmacies, diagnostics labs, medical equipment and biopharma services.

9 ways to explore healthcare in Bhubaneswar

Hospitals & multispecialty careSpecialty clinics & dental careHome healthcare & rehabilitationPharmacies, pharma makers & distributorsDiagnostic centres & clinical labsBiopharma outsourcing & research companies

Hospitals & multispecialty care

Multispecialty and standalone hospitals providing in-patient and tertiary care.

  1. Utkal Hospital

    Integrated healthcare provider offering health services and patient care

    Hospitals
    See in list
  2. Sparsh Hospitals

    Multi-specialty hospital offering state-of-the-art medical care services, with a focus on expert treatments in oncology, neurology, spine surgery, and cancer care, supported by advanced technology and a team of experienced doctors

    Hospitals
    See in list
  3. Shree hospitals

    Provider of multidisciplinary tertiary care hospital services

    Hospitals
    See in list
  4. Jagannath Hospital

    tandalone multi speciality hospital

    Hospitals
    See in list
  5. Ayush Hospitals

    Standalone multispecialty hospital

    Hospitals
    Website

Specialty clinics & dental care

Specialty, dental, skin and homeopathy clinics.

  1. Dr. Kanungo's Diabetes Centre

    Clinic providing comprehensive diabetes care, foot care, diet planning, and pharmacy

    Clinics
    Website
  2. Mallick's Multispeciality Dental Care

    Provider of multispecialty dental and skin care services

    Clinics
    Website
  3. Odisha Arthritis & Rheumatology Care

    Speciality clinics for arthritis & eheumatology care

    Clinics
    Website
  4. JP Das Learning Clinic

    Psycho-educational clinic empowering special needs children through targeted learning programs

    Clinics
    Website
  5. Cardio Care Centre

    Cardiology clinic offering cardiology services

    Clinics
    Website
11 companies in BhubaneswarAll 695 clinics companies in India →

Home healthcare & rehabilitation

Home nursing, elderly care and rehabilitation centers.

  1. OrangeCross

    Provider of home care nursing services

    Home healthcare
    See in list
  2. Impact Health

    Provider of teleconsultation services

    Home healthcare
    See in list
  3. Manati

    Provider of transforming mental health through technology and empathy

    Rehabilitation and long-term care
    See in list
  4. Anvi Medical Center

    Standalone cancer rehabilitation center

    Rehabilitation and long-term care
    Website
  5. Homso

    Provider of diversified home healthcare services

    Home healthcare
    Website

Pharmacies, pharma makers & distributors

Pharmacies, drug manufacturers and pharmaceutical distributors.

  1. RND Laboratories

    Manufacturer of allopathic, phyto-mineral, and veterinary products across multiple therapeutic areas

    Traditional pharmaceuticals
    See in list
  2. Gamafix SR Health Care

    Provider of drugs discovery, clinical trials, and regulatory affairs services

    Biopharma outsourcing
    See in list
  3. Vedi Herbals

    Brand of natural body care products and dietary supplements

    Alternative medicine products
    Website
  4. Cpsways

    Pharmaceutical company focused on developing and marketing innovative pharmaceutical solutions

    Traditional pharmaceuticals
    Website
  5. SUM Pharmacy

    Retail chain of healthcare products including medicines, medical devices, surgical items, and nutritional supplements

    Pharmacies
    Website

Diagnostic centres & clinical labs

Pathology labs and diagnostic imaging centres.

  1. Spandan Diagnostic Centre

    Pathology lab

    Clinical laboratories
    See in list
  2. SamikDX

    Manufacturer of in-vitro diagnostic products and pipeline diagnostic solutions

    Diversified diagnostics
    Website
  3. GenX Diagnostics

    Provider of wide range of diagnostic services, including imaging solutions, clinical lab services, and health checkups

    Clinical laboratories
    Website
  4. Shri Medscan Imaging Center

    Diagnostic and imaging center providing a range of medical services and solutions

    Clinical laboratory chains
    Website
  5. ProCyto

    Biotechnology company providing purified proteins for life science

    Traditional diagnostics
    See in list

Biopharma outsourcing & research companies

CROs, CDMOs, biotech and life sciences research providers.

  1. Imgenex India

    Manufacturer of antibodies and reagents

    Life sciences platforms and tools
    See in list
  2. Gamafix SR Health Care

    Provider of drugs discovery, clinical trials, and regulatory affairs services

    Biopharma outsourcing
    See in list
  3. RNA Biotech

    Provider of molecular biology kits and custom DNA/RNA services

    Traditional life sciences platforms & tools
    See in list
  4. Protextent

    Biotech startup that specializes in the development and production of recombinant proteins

    Biopharma outsourcing
    See in list
  5. Prantae Solutions

    Developer of medical imaging for pregnancy

    Medical device outsourcing
    Website

Medical equipment & supplies distributors

Suppliers of surgical, hospital equipment and consumables.

  1. Rabindra Surgical

    Provider of medical equipment and hospital solutions

    Medical device distributors
    See in list
  2. Healthy Planet Life Sciences

    Manufacturer and supplier of medical and laboratory equipment, including hand sanitizers, face masks, petri dishes, and other health-related products, catering to the healthcare industry

    Medical supplies and consumables
    See in list
  3. Prantae Solutions

    Developer of medical imaging for pregnancy

    Medical device outsourcing
    Website
  4. NM Management Services

    Provider of medical and cleaning equipment for hospitals

    Medical device distributors
    Website
  5. Envision HealthTec

    Healthcare technology company that provides clinical solutions and services to medical institutions and hospitals

    Medical device distributors
    Website

Healthcare startups in Bhubaneswar

Recently founded healthcare companies in Bhubaneswar.

  1. Gamafix SR Health Care

    Provider of drugs discovery, clinical trials, and regulatory affairs services

    Biopharma outsourcing
    See in list
  2. RNA Biotech

    Provider of molecular biology kits and custom DNA/RNA services

    Traditional life sciences platforms & tools
    See in list
  3. Protextent

    Biotech startup that specializes in the development and production of recombinant proteins

    Biopharma outsourcing
    See in list
  4. Manati

    Provider of transforming mental health through technology and empathy

    Rehabilitation and long-term care
    See in list
  5. Polyorbit

    Laboratory focused on pharmaceutical pre-clinical research

    Medical research labs
    Website
17 companies in Bhubaneswar

Healthcare companies hiring in Bhubaneswar

Healthcare companies in Bhubaneswar with open jobs.

  1. Utkal Hospital

    Integrated healthcare provider offering health services and patient care

    Hospitals
    See in list
  2. RND Laboratories

    Manufacturer of allopathic, phyto-mineral, and veterinary products across multiple therapeutic areas

    Traditional pharmaceuticals
    See in list
  3. Vivekanand Hospital

    Multispecialty hospital offering a range of medical services, including cardiology, neurology, and orthopedics

    Hospitals
    Website
3 companies in Bhubaneswar
The business behind the activity

Healthcare financials in Bhubaneswar

Revenue, profit and growth from the filed annual accounts of 21 healthcare companies in Bhubaneswar for FY24-25 — 28 of the 62 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 93% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹807.58 cr

21 companies filing accounts

combined net profit₹83.52 cr

10.3% aggregate margin

are profitable48%

10 of 21 companies

median revenue~₹75 lakh

the typical company

median revenue growth+13%

into FY24-25

earned by the top five93%

revenue concentration

Six-year view

Combined revenue of filing companies

₹285.26 crFY19-2017 filers
₹332.30 crFY20-2120 filers
₹472.90 crFY21-2222 filers
₹515.49 crFY22-2321 filers
₹654.93 crFY23-2422 filers
₹807.58 crFY24-2521 filers

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

Like-for-like

The same 17 companies over three years

+58%
FY22-23₹499.46 cr₹65.91 cr net
FY23-24₹628.40 cr₹69.14 cr net
FY24-25₹787.30 cr₹82.27 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 cr119% profitable
₹1–10 cr367% profitable
₹10–100 cr5100% profitable
₹100–1,000 cr2100% 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

Shrinking4
0–20%8
20–50%4
50–100%2
Doubled+2

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

Profitability

Profit is concentrated at the top

10profitable
11loss-making
10.3%aggregate margin
-1.7%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
Utkal HospitalUTKAL HEALTHCARE PRIVATE LIMITED+54%₹340.62 cr
Om PharmacyOM HEALTHCARE ENTERPRISES LIMITED+21%₹11.70 cr
Shree hospitalsODISHA MULTISPECIALITY HOSPITAL AND TRAUMA CARE CENTRE PRIVATE LIMITED+15%₹53.21 cr
Sparsh HospitalsSPARSH HOSPITALS & CRITICAL CARE PRIVATE LIMITED+11%₹99.23 cr
Spandan Diagnostic CentreSPANDAN DIAGNOSTIC CENTRE PRIVATE LIMITED+7%₹213.73 cr
Rabindra SurgicalRABINDRA SURGICALS PRIVATE LIMITED+3%₹47.44 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Spandan Diagnostic CentreSPANDAN DIAGNOSTIC CENTRE PRIVATE LIMITED21.2%₹213.73 cr
Utkal HospitalUTKAL HEALTHCARE PRIVATE LIMITED7.7%₹340.62 cr
RND LaboratoriesRND LABORATORIES PRIVATE LIMITED7.7%₹20.09 cr
Rabindra SurgicalRABINDRA SURGICALS PRIVATE LIMITED6.0%₹47.44 cr
Sparsh HospitalsSPARSH HOSPITALS & CRITICAL CARE PRIVATE LIMITED5.8%₹99.23 cr
Shree hospitalsODISHA MULTISPECIALITY HOSPITAL AND TRAUMA CARE CENTRE PRIVATE LIMITED5.8%₹53.21 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Hospitals5₹493.12 cr~₹53.2 cr60%7.1%
Leaders

Largest healthcare companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Utkal HospitalUTKAL HEALTHCARE PRIVATE LIMITED₹340.62 cr₹26.28 cr7.7%+54%
Spandan Diagnostic CentreSPANDAN DIAGNOSTIC CENTRE PRIVATE LIMITED₹213.73 cr₹45.26 cr21.2%+7%
Sparsh HospitalsSPARSH HOSPITALS & CRITICAL CARE PRIVATE LIMITED₹99.23 cr₹5.76 cr5.8%+11%
Shree hospitalsODISHA MULTISPECIALITY HOSPITAL AND TRAUMA CARE CENTRE PRIVATE LIMITED₹53.21 cr₹3.08 cr5.8%+15%
Rabindra SurgicalRABINDRA SURGICALS PRIVATE LIMITED₹47.44 cr₹2.87 cr6.0%+3%
RND LaboratoriesRND LABORATORIES PRIVATE LIMITED₹20.09 cr₹1.54 cr7.7%+1%
Om PharmacyOM HEALTHCARE ENTERPRISES LIMITED₹11.70 cr₹7.27 lakh0.6%+21%
Sushruta SurgicalsSUSHRUTA SURGICALS PRIVATE LIMITED₹9.58 cr₹2.80 lakh0.3%+39%
OrangeCrossORANGECROSS HOMEHEALTH PRIVATE LIMITED₹6.03 cr−₹13.88 lakh-2.3%+54%
Imgenex IndiaIMGENEX INDIA PRIVATE LIMITED₹4.32 cr₹18.35 lakh4.2%+8%
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

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 Bhubaneswar compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months31

US$474.33m

equity rounds, last 24 months109

US$1.34bn

raised over five yearsUS$5.38bn

511 rounds in India

M&A deals, India397

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 India

368Acquisition
27Merger
2Completed

Most active acquirers

  1. Torrent pharma28
  2. Sun pharmaceutical industries10
  3. Metropolis healthcare10
  4. Biocon9
  5. Mankind pharma9

Most acquired or merged

  1. Sahyadri hospitals10
  2. Schott poonawalla7
  3. Novartis india6
  4. La Renon Healthcare6
  5. Medley4

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

Healthcare funding in Bhubaneswar

4 healthcare companies in Bhubaneswar have recorded equity funding, US$4.18m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Bhubaneswar

Meet the people behind healthcare companies in Bhubaneswar. 28 of 62 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Bhubaneswar healthcare companies by sub-sector

The most common specialisations among healthcare companies in Bhubaneswar. 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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