Company lists
The Delhi edition · 2026

Healthcarecompanies in Delhi

Clinics, pharma, CRO & CDMO, medical devices, hospitals and more: the companies building healthcare in Delhi, with their founders, funding, team size and business models.

1,728 company profiles567 with reported revenue36 with recorded fundingSeptember 2026 edition
Delhi · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent healthcare business events in Delhi

Funding, M&A, contract wins and launches involving 2,040 healthcare companies in Delhi, last 24 months: 30 M&A deals · 9 Contracts · 8 funding rounds · 2 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: May 2026.

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 · 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

Moon Care Private Limited acquires Crysta ivf

Redcliffe Labs has announced the strategic divestment of its fertility services business, Crysta IVF, to Moon Care Private Limited.

Fertility services
M&AAcquisition · Announced

Max Healthcare Institute acquires Kalinga hospital

Max Healthcare Institute (MHIL) has entered into a share purchase agreement (SPA) to acquire controlling stake in Kalinga Hospital (KHL) from Hospital Corporation of Orissa Inc. Under…

Healthcare
M&AAcquisition · Announced

Dabur india acquires RAS Beauty

In a strategic business move, Dabur India has announced a significant Rs 60 crore investment to acquire a minority stake in RAS Beauty, a luxury skincare company.

Beauty
FundingSeed

Wholeleaf

An all-natural pain therapeutics company, Wholeleaf, has raised ₹1.5 Cr in a seed funding round backed by investors like Aman Gupta – Cofounder and CMO of BOAT, Namita Thapar – Executive…

Investors Aman Gupta – Cofounder and CMO of BOAT, Namita Thapar – Executive Director of Emcure Pharmaceuticals, Kanika Tekriwal – CEO of JetSetGo
Pain therapeutics / Wellness brand / Ayurveda
FundingIPO

Gaudium ivf

The Company proposes to utilise the Net Proceeds towards Funding capital expenditure towards establishment of New IVF Centers of the Company, Repayment/pre-payment, in full or in part,…

Health Care
ContractSupply

Panacea Biotech · client: Unicef

Panacea Biotech has also secured a fresh vaccine award for 2027 worth $3.68 million, or about Rs 33 crore.

Healthcare
LaunchPetStar Delight

Mankind pharma

Mankind Pharma has widened its presence in India’s pet nutrition market with the introduction of PetStar Delight, a new portfolio crafted specifically for cats.

Pet nutrition
ContractService

Amitabh Bachchan · client: Dabur india

Dabur India has signed actor and Bollywood icon Amitabh Bachchan as the new brand ambassador of its flagship Oral Care brand Dabur Red Paste.

LaunchFem gold bleach

Dabur

Likewise Dabur has launched 11 products during the period.

Bleach
M&ACompleted

Societe generale acquires Max Healthcare Institute

Societe Generale bought 92,289 equity shares in Max Healthcare Institute at Rs 1,095.4 per share, the transaction valued at Rs 10.1 crore, while BNP Paribas Financial Markets offloaded…

Healthcare
ContractService

Mankind pharma · client: Bharat Serums & Vaccines

Mankind Pharma: Company Executes Rs 797 Crore Business Transfer Agreement with Wholly Owned Subsidiary Bharat Serums & Vaccines for Acquisition of Women’s Health Rx Branded Generics…

Healthcare
M&AMerger · Announced

Asg eye hospitals acquires Sharp sight eye hospitals

ASG Eye Hospitals, backed by private equity firms General Atlantic and Kedaara Capital, has signed a Rs 450 crore non-binding merger deal with Sharp Sight Eye Hospitals, said people…

Eye care
M&AAcquisition · Announced

Poly medicure acquires Medistream

On September 24, Poly Medicure announced a definitive agreement to acquire 100% stake in Medistream SA — the parent of Citieffe SRL and its subsidiaries in the US and Mexico — in a…

Medical Device
M&AAcquisition · Announced

Poly medicure acquires Citieffe Group

Medical device maker Poly Medicure Ltd on Wednesday said it will fully acquire Italy-based Citieffe Group at an enterprise value of Rs 324 crore (EUR 31 million).

Orthopaedics
ContractTechnology

Unicommerce · client: Dabur

Chennai: India’s iconic beauty and personal care brand, Dabur has signed Unicommerce, India’s leading e-commerce enablement SaaS platform to streamline and strengthen the omnichannel…

Beauty and personal care
M&AAcquisition · Announced

Vasa Denticity Ltd. acquires IDS Denmed

Vasa Denticity Ltd. (NSE: DENTALKART), India’s fastest-growing dental products company and parent of the Dentalkart platform, has announced the strategic acquisition of 51% stake in IDS…

Dental distribution
ContractService

Rajkummar Rao · client: Mankind pharma

Mankind Pharma has roped in actor Rajkummar Rao as the brand ambassador for Nimulid Strong, its flagship entry in the topical pain relief category.

Consumer Wellness
M&AAcquisition · Announced

Ujala cygnus acquires Amandeep Hospitals

Ujala Cygnus would be taking around 60 per cent in the company

Healthcare
Funding

Dcdc health services

DCDC Health Services Pvt. Ltd. (DCDC), which operates dialysis centers under the DCDC Kidney Care brand, has raised Rs 150 crore ($17.4 million) from Singapore-based ABC Impact, an…

Investors ABC Impact
Healthcare
FundingMaiden

Zeelab pharmacy

Omni-channel healthcare brand Zeelab Pharmacy has raised $2.4 million in its maiden funding round led by OTP Ventures.

Investors OTP Ventures
Healthcare
ContractSupply

Medicamen Organics · client: Na

Medicamen Organics: Company secures 6.28 cr order for Povidone Iodine Solution.

Health products
M&AAcquisition · Completed

Na acquires Max healthcare

The Indian hospital sector has turned out to be a goldmine for KKR, with the private equity firm making a $2 billion exit Max Healthcare in 2022, five times the capital it invested in…

M&AAcquisition · Announced

Manipal healthmap acquires Igenetic diagnostics

Manipal HealthMap, the diagnostics arm of Manipal Group, on Tuesday said it has fully acquired Mumbai-based iGenetic Diagnostics for an undisclosed amount.

Diagnostics
M&AAcquisition · Announced

Medicamen Organics acquires Depot Pharmacy YEGO Ltd

Medicamen Organics Limited (MOL) (NSE- MEDIORG), one of the prominent players in the pharmaceutical sector, is pleased to announce the signing of a Definitive Share Purchase Agreement on…

Pharmaceutical
M&AAcquisition · Announced

Aurobindo pharma acquires Gls pharma

Aurobindo Pharma has announced that the Company has entered into a binding agreement with GLS Pharma Limited, a subsidiary of the Company (GLS) and its promoters for the acquisition of…

Pharmaceuticals

Healthcare companies in Delhi, by revenue

Browse healthcare companies in Delhi 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 567 healthcare companies in Delhi 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

Pharmaceutical company engaged in developing, manufacturing, and marketing a diverse range of pharmaceutical formulations

Traditional pharmaceuticals
₹12,744.23 crFY 2024-25
+21%2024–2025
18,717-92% 12 mo to Sep 2024LinkedIn · Jul 2026
35 yr1991
4postings · last posted Aug 2026

Manufacturer of ayurvedic medicine and natural consumer products

Alternative medicine products
₹11,975.28 crFY 2022-23
Not reported
10,720+1% 12 mo to Mar 2024LinkedIn · Jul 2026
142 yr1884
1postings · last posted Aug 2026

Retail pharmacy offering beauty, wellness, and healthcare products

Pharmacies
₹6,931.17 crFY 2023-24
Not reported
27+24% 12 mo to Sep 2024LinkedIn · Jul 2026
20 yr2006
0none in 3 months

Chain of multispeciality hospitals

Hospital chains
₹5,584.09 crFY 2023-24
Not reported
5,786-24% vs previous recordrecorded Aug 2024
41 yr1985
40postings · last posted Sep 2026

CDMO focusing on spectrum of dosage forms and therapeutic segments

Biopharma outsourcing
₹4,170.28 crFY 2024-25
-1%2024–2025
5,220+2% 12 mo to Jun 2023LinkedIn · Jul 2026
22 yr2004
0none in 3 months

Manufacturer of medical devices for oncology, dialysis, and respiratory care

Medical supplies and consumables
₹1,758.96 crFY 2024-25
+23%2024–2025
1,411+13% 12 mo to Mar 2024LinkedIn · Jul 2026
31 yr1995
0none in 3 months

Operator of a facility providing medical and surgical healthcare services

Hospitals
₹1,379.01 crFY 2024-25
+9%2024–2025
—Not available
31 yr1995
0none in 3 months

Chain of paediatrics hospitals

Hospital chains
₹1,314.21 crFY 2024-25
+14%2024–2025
1,963-1% 12 mo to Sep 2024recorded Sep 2024
11 yr2015
0none in 3 months

Manufacturer of pharmaceutical products for various medical specialties

Traditional pharmaceuticals
₹925.45 crFY 2024-25
+11%2024–2025
1,212+3% 12 mo to Mar 2024recorded Mar 2024
42 yr1984
0none in 3 months

Manufacturer of active pharmaceutical ingredients and oncology dosage forms

Traditional pharmaceuticals
₹848.26 crFY 2024-25
+4%2024–2025
140-72% 12 mo to Sep 2024LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Internet-first brand offering hair & oral care products

Traditional nutraceuticals
₹614.89 crFY 2022-23
+17%2022–2023
456+41% 12 mo to Sep 2024LinkedIn · Jul 2026
12 yr2014
1postings · last posted Aug 2026

Manufacturer of textured wall finishes and decorative paints

Alternative medicine products
₹565.79 crFY 2024-25
+1%2024–2025
982-55% 12 mo to Oct 2024recorded Oct 2024
42 yr1984
0none in 3 months

Diversified conglomerates operates across multiple industries

Traditional pharmaceuticals
₹537.89 crFY 2024-25
+10%2024–2025
635+7% 12 mo to Sep 2024LinkedIn · Jul 2026
32 yr1994
1postings · last posted Jul 2026

Distributor of diversified drugs

Pharmaceutical distributors
₹525.97 crFY 2024-25
+4%2024–2025
21+11% 12 mo to Sep 2024LinkedIn · Jul 2026
16 yr2010
0none in 3 months

Manufacturer of cancer & other drugs

Traditional pharmaceuticals
₹463.57 crFY 2023-24
+10%2023–2024
488LinkedIn · Jul 2026
33 yr1993
1postings · last posted Aug 2026

Chain of eye care hospitals

Hospital chains
₹401.22 crFY 2022-23
Not reported
1,337+1% 12 mo to Sep 2024LinkedIn · Jul 2026
19 yr2007
6postings · last posted Sep 2026

Provider of medical research labs

Medical research labs
₹407.63 crFY 2024-25
-26%2024–2025
48+2% 12 mo to Sep 2024LinkedIn · Jul 2026
37 yr1989
0none in 3 months

Provider of formulation development, regulatory affair, and supply chain management services

Biopharma outsourcing
₹404.31 crFY 2024-25
+5%2024–2025
340LinkedIn · Jul 2026
19 yr2007
0none in 3 months

Manufacturer of homoeopathic medicines

Alternative medicine products
₹395.16 crFY 2024-25
+1%2024–2025
302+2% 12 mo to Mar 2024LinkedIn · Jul 2026
43 yr1983
0none in 3 months

Manufacturer of pharmaceutical formulations, nutraceuticals, and oncocare products for healthcare

Pharmaceutical distributors
₹385.47 crFY 2024-25
+13%2024–2025
85+9% 12 mo to Aug 2024LinkedIn · Jul 2026
35 yr1991
0none in 3 months

Manufacturer specializing in injectable antibiotics

Biopharma outsourcing
₹383.30 crFY 2024-25
+1%2024–2025
243LinkedIn · Jul 2026
35 yr1991
0none in 3 months

Chain of dental care clinics

Clinic chains
₹377.69 crFY 2024-25
+19%2024–2025
2,402+44% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
3postings · last posted Sep 2026

Provider of multi-specialty healthcare services and advanced medical procedures

Hospitals
₹349.88 crFY 2024-25
+12%2024–2025
152-14% 12 mo to Sep 2024recorded Sep 2024
9 yr2017
0none in 3 months

Manufacturer of diversified generic medicines

Traditional pharmaceuticals
₹337.45 crFY 2024-25
-1%2024–2025
1,750recorded
35 yr1991
0none in 3 months

Online homeopathic medicines store

Pharmacies
₹291.79 crFY 2021-22
Not reported
—Not available
88 yr1938
—No postings tracked
50 of 1,728 companies shown here · the full list is on Radar
Fliar Radar

Explore all 1,728 healthcare companies in Delhi on Radar

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

Open healthcare in Delhi on Radar
  • Every company, not just 50All 1,728 healthcare companies in Delhi, 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 Delhi by what you are looking for

Browse top healthcare companies in Delhi, from hospitals and clinic chains to pharma manufacturers and medical device distributors. You can also find healthcare startups in Delhi and listed healthcare companies.

9 ways to explore healthcare in Delhi

Clinics & specialty clinic chainsPharmaceutical manufacturers & distributorsContract research & drug manufacturing (CRO/CDMO) companiesMedical device makers & distributorsHospitals & hospital chainsHome healthcare, rehabilitation & medical tourism

Clinics & specialty clinic chains

Dental, fertility, skin, homeopathy and general clinics and chains.

  1. Clove Dental

    Chain of dental care clinics

    Clinic chains
    See in list
  2. DCDC

    Chain of dialysis and kidney clinics

    Clinic chains
    See in list
  3. Gaudium IVF

    Chain of fertility clinics

    Clinic chains
    Website
  4. NEOMEDIX

    Provider of ophthalmic products and solutions

    Clinics
    Website
  5. ISAAC Luxe

    Chain of skin and hair clinics

    Clinic chains
    Website

Pharmaceutical manufacturers & distributors

Drug makers, generics companies and pharmaceutical distributors.

  1. Mankind Pharma

    Pharmaceutical company engaged in developing, manufacturing, and marketing a diverse range of pharmaceutical formulations

    Traditional pharmaceuticals
    See in list
  2. Fortis Healthworld

    Retail pharmacy offering beauty, wellness, and healthcare products

    Pharmacies
    See in list
  3. Systopic Laboratories

    Manufacturer of pharmaceutical products for various medical specialties

    Traditional pharmaceuticals
    See in list
  4. Fresenius Kabi Oncology

    Manufacturer of active pharmaceutical ingredients and oncology dosage forms

    Traditional pharmaceuticals
    See in list
  5. Neelkanth Drugs

    Distributor of pharmaceutical products

    Pharmaceutical distributors
    Website

Contract research & drug manufacturing (CRO/CDMO) companies

Contract development, manufacturing and research organisations.

  1. Akums

    CDMO focusing on spectrum of dosage forms and therapeutic segments

    Biopharma outsourcing
    See in list
  2. Zee Laboratories

    Manufacturer of cancer & other drugs

    Traditional pharmaceuticals
    See in list
  3. Penam Laboratories

    Provider of medical research labs

    Medical research labs
    See in list
  4. Mascot Health Series

    Provider of formulation development, regulatory affair, and supply chain management services

    Biopharma outsourcing
    See in list
  5. Rajasthan Antibiotics

    Manufacturer specializing in injectable antibiotics

    Biopharma outsourcing
    See in list

Medical device makers & distributors

Makers and distributors of medical devices, equipment and supplies.

  1. Polymedicure

    Manufacturer of medical devices for oncology, dialysis, and respiratory care

    Medical supplies and consumables
    See in list
  2. BL Lifesciences

    Manufacturer & distributor of disposable devices.

    Traditional medical devices
    See in list
  3. Sakriya Technologies

    Manufacturer of medical equipment

    Traditional medical devices
    See in list
  4. Lifelong Meditech

    Manufacturer of syringes, needles & infusion sets

    Medical supplies and consumables
    See in list
  5. KTPL Technologies

    Provider of medical equipment including oncology, radiography, and in-vitro diagnostic systems

    Medical device distributors
    Website

Hospitals & hospital chains

Multispecialty and single-specialty hospitals and chains.

  1. Max Healthcare

    Chain of multispeciality hospitals

    Hospital chains
    See in list
  2. Apollo Hospitals, Delhi

    Operator of a facility providing medical and surgical healthcare services

    Hospitals
    See in list
  3. Paras Bliss

    Chain of paediatrics hospitals

    Hospital chains
    See in list
  4. Centre for Sight

    Chain of eye care hospitals

    Hospital chains
    See in list
  5. Aakash Healthcare

    Provider of multi-specialty healthcare services and advanced medical procedures

    Hospitals
    See in list

Home healthcare, rehabilitation & medical tourism

Home nursing, rehabilitation and medical tourism providers.

  1. Unayur

    Provider of tele-healthcare services

    Home healthcare
    Website
  2. Dew Drops

    Healthcare organization specializing in child developmental healthcare

    Rehabilitation and long-term care
    Website
  3. Curestay

    Health travel company providing healthcare solutions to patients

    Medical tourism
    Website
  4. Blessy Nursing Healthcare 360

    Offers a range of home healthcare services, including ICU setup, long-term expert nursing services, medical attendant services, and doctors and physiotherapists at home

    Home healthcare
    Website
  5. Satyug Healthcare

    Medical assistance company that guides international patients to find relevant doctors and hospitals

    Medical tourism
    Website

Diagnostic labs & pathology companies

Clinical laboratories, lab chains and diagnostics providers.

  1. Q-Line Biotech

    Provider of IVD products for the diagnostic industry

    Traditional diagnostics
    See in list
  2. HealthMap

    Chain of radiology labs

    Clinical laboratory chains
    See in list
  3. Mahajan Imaging

    Provider of diagnostic imaging and pathology services

    Clinical laboratory chains
    Website
  4. BSP Diagnostic Systems

    Manufacturer of clinical diagnostic products

    Traditional diagnostics
    Website
  5. Rapid Diagnostics

    IVD and critical care devices

    Diversified diagnostics
    Website

Healthcare startups in Delhi

Newer healthcare companies founded in the last few years.

  1. Royal Sense

    Provider of pharmaceuticals, IVD products, orthotics, medical devices, and sutures

    Traditional medical devices
    Website
  2. Jeewan Hospital

    Operator of a healthcare facility providing medical and surgical services

    Hospitals
    Website
  3. Shifa Remedies

    Manufacturer of dialysis-related products, including dialysis fluid concentrate powder and other essential components, with a focus on improving patient care and outcomes

    Services for healthcare providers
    Website
  4. Medlinkshairtransplants.com

    Provider of medical hair restoration solutions, including hair transplants and scalp micro pigmentation, through a website offering educational content and patient testimonials

    Clinics
    Website
  5. Wembrace

    Manufacturer of drugs

    Traditional pharmaceuticals
    Website
190 companies in Delhi

Listed healthcare companies in Delhi

Publicly traded healthcare companies.

  1. Mankind Pharma

    Pharmaceutical company engaged in developing, manufacturing, and marketing a diverse range of pharmaceutical formulations

    Traditional pharmaceuticals
    See in list
  2. Dabur

    Manufacturer of ayurvedic medicine and natural consumer products

    Alternative medicine products
    See in list
  3. Max Healthcare

    Chain of multispeciality hospitals

    Hospital chains
    See in list
  4. Akums

    CDMO focusing on spectrum of dosage forms and therapeutic segments

    Biopharma outsourcing
    See in list
  5. Polymedicure

    Manufacturer of medical devices for oncology, dialysis, and respiratory care

    Medical supplies and consumables
    See in list
19 companies in Delhi
Mobile reach

Top 10 healthcare apps from Delhi

The most-installed Android apps published by healthcare companies headquartered in Delhi — 32.1M installs between them. 48 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

ABHA

by ABDM

Installs28.2M
Rating4.18329K ratings
Last updatedNov 2025
View on Google Play ↗
ABHA screenshot 1ABHA screenshot 2ABHA screenshot 3ABHA screenshot 4ABHA screenshot 5ABHA screenshot 6
2

Max MyHealth -by Max Hospitals

by Max Healthcare

Installs2.1M
Rating3.198K ratings
Last updatedApr 2026
View on Google Play ↗
Max MyHealth -by Max Hospitals screenshot 1Max MyHealth -by Max Hospitals screenshot 2Max MyHealth -by Max Hospitals screenshot 3Max MyHealth -by Max Hospitals screenshot 4
3

Dr. Shikha's Vedique Diet

by Nutriwel Health

Installs655K
Rating4.32K ratings
Last updatedJan 2026
View on Google Play ↗
Dr. Shikha's Vedique Diet screenshot 1Dr. Shikha's Vedique Diet screenshot 2Dr. Shikha's Vedique Diet screenshot 3Dr. Shikha's Vedique Diet screenshot 4Dr. Shikha's Vedique Diet screenshot 5Dr. Shikha's Vedique Diet screenshot 6
8

MyFitFuel: Fitness & Nutrition

by MyFitFuel

Installs112K
Rating—
Installs, year on year+5%
Last updatedJan 2023
View on Google Play ↗
MyFitFuel: Fitness & Nutrition screenshot 1MyFitFuel: Fitness & Nutrition screenshot 2MyFitFuel: Fitness & Nutrition screenshot 3MyFitFuel: Fitness & Nutrition screenshot 4MyFitFuel: Fitness & Nutrition screenshot 5MyFitFuel: Fitness & Nutrition screenshot 6
10

VETLAB

by VETLAB

Installs23K
Rating—
Last updatedDec 2025
View on Google Play ↗
VETLAB screenshot 1VETLAB screenshot 2VETLAB screenshot 3VETLAB screenshot 4VETLAB screenshot 5VETLAB screenshot 6
The business behind the activity

Healthcare financials in Delhi

Revenue, profit and growth from the filed annual accounts of 545 healthcare companies in Delhi for FY24-25 — 614 of the 1,728 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 47% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹54,843.57 cr

545 companies filing accounts

combined net profit₹5,998.44 cr

10.9% aggregate margin

are profitable76%

415 of 545 companies

median revenue~₹15.2 cr

the typical company

median revenue growth+7%

into FY24-25

earned by the top five47%

revenue concentration

Six-year view

Combined revenue of filing companies

₹30,280.83 crFY19-20493 filers
₹34,323.94 crFY20-21521 filers
₹44,576.78 crFY21-22535 filers
₹47,919.20 crFY22-23542 filers
₹53,167.45 crFY23-24552 filers
₹54,843.57 crFY24-25545 filers

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

Like-for-like

The same 497 companies over three years

+18%
FY22-23₹45,233.86 cr₹5,006.58 cr net
FY23-24₹51,597.59 cr₹7,431.37 cr net
FY24-25₹53,460.49 cr₹6,147.33 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 cr9239% profitable
₹1–10 cr14074% profitable
₹10–100 cr23388% profitable
₹100–1,000 cr7386% 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

Shrinking185
0–20%196
20–50%86
50–100%36
Doubled+22

525 companies with accounts for both years; median growth +7%.

Profitability

Profit is concentrated at the top

415profitable
130loss-making
10.9%aggregate margin
2.2%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
AuricZENITH DRINKS PRIVATE LIMITED₹126.11 cr
Radix HealthcareMALIK RADIX HEALTHCARE PRIVATE LIMITED
Shrey Nutraceuticals and HerbalsSHREY NUTRACEUTICALS AND HERBALS PRIVATE LIMITED
Glee BiotechGLEE BIOTECH LIMITED+129%₹39.17 cr
Accuster TechnologiesACCUSTER TECHNOLOGIES PRIVATE LIMITED+116%₹15.56 cr
Indus PharmaINDUS PHARMA PRIVATE LIMITED₹28.00 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
MoolchandMOOLCHAND HEALTHCARE PRIVATE LIMITED55.1%₹30.51 cr
PharmasynthPHARMA SYNTH FORMULATIONS LIMITED
Martin and Harris LaboratoriesMARTIN AND HARRIS LABORATORIES LIMITED35.5%₹100.89 cr
Sharda Boiron LaboratoriesSBL PRIVATE LIMITED32.3%₹395.02 cr
Gaudium IVFGAUDIUM IVF AND WOMEN HEALTH LIMITED31.4%₹59.24 cr
Zenta HealthcareZENTA HEALTHCARE PRIVATE LIMITED29.5%₹17.21 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Traditional pharmaceuticals66₹15,404.64 cr~₹22.4 cr73%15.1%
Alternative medicine products10₹10,630.71 cr~₹26.8 cr60%14.7%
Hospital chains12₹5,355.91 cr~₹112.8 cr67%13.9%
Biopharma outsourcing65₹5,094.34 cr~₹18.8 cr85%7.7%
Hospitals35₹3,071.85 cr~₹26.5 cr86%9.3%
Pharmaceutical distributors35₹2,911.85 cr~₹47.8 cr77%1.5%
Medical supplies and consumables17₹2,281.69 cr~₹11.3 cr71%15.5%
Traditional medical devices37₹1,412.89 cr~₹15.6 cr89%5.4%
Leaders

Largest healthcare companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Mankind PharmaMANKIND PHARMA LIMITED₹9,991.01 cr₹1,945.48 cr19.5%+12%
DaburDabur India Limited₹9,522.65 cr₹1,403.22 cr14.7%-0%
Max HealthcareMAX HEALTHCARE INSTITUTE LIMITED₹3,030.14 cr₹701.07 cr23.1%+16%
PolymedicurePOLY MEDICURE LIMITED₹1,691.57 cr₹331.33 cr19.6%+24%
AkumsAKUMS DRUGS AND PHARMACEUTICALS LIMITED₹1,435.98 cr₹161.00 cr11.2%-7%
Apollo Hospitals, DelhiINDRAPRASTHA MEDICAL CORPORATION LIMITED₹1,379.01 cr₹160.99 cr11.7%+9%
Paras BlissParas Healthcare Limited₹1,175.37 cr0.3%+12%
Systopic LaboratoriesSYSTOPIC LABORATORIES PRIVATE LIMITED₹925.45 cr₹54.33 cr5.9%+11%
Fresenius Kabi OncologyFRESENIUS KABI ONCOLOGY LIMITED₹848.26 cr₹75.13 cr8.9%+4%
Aimil PharmaceuticalsAIMIL PHARMACEUTICALS(INDIA) LIMITED₹565.79 cr₹5.26 cr0.9%+1%
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

AdTech Industry Landscape of Delhi

The financials above are one chapter. The full healthcare landscape of Delhi 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 Delhi
For investors and data teams

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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 Delhi 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, Delhi30

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 Delhi

23Acquisition
6Merger
1Completed

Most active acquirers

  1. Mankind pharma9
  2. Max healthcare5
  3. Dabur india3
  4. Poly medicure3
  5. Vasa Denticity Limited2

Most acquired or merged

  1. Kalinga hospital2
  2. IDS Denmed2
  3. Bharat Serums and Vaccines2
  4. Jaypee healthcare2
  5. Crysta ivf1

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

Healthcare funding in Delhi

36 healthcare companies in Delhi have recorded equity funding, US$758.49m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Delhi

Meet the people behind healthcare companies in Delhi. 560 of 1,728 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Delhi healthcare companies by sub-sector

The most common specialisations among healthcare companies in Delhi. 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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