Radar · Healthcare in Gujarat
Best Healthcare Companies in Gujarat, India
The 864 best Healthcare companies in Gujarat, India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Apothecon Pharmaceuticals.
By Riya SenguptaFinancials
864companies tracked
$1.7Bdisclosed funding
0unicorns
44have raised
Ranked: Best Healthcare companies in Gujarat
| # | Company | Revenue | Disclosed funding | Last round | Revenue YoY | Employees | Founder | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Intas Provider of formulation development, drug manufacturing, and marketing activities 80Market top 15%Fin. health top 24%Funding top 28%Moat top 28% All 11 signals ▾Markettop 15% Fin. healthtop 24% Fundingtop 28% Moattop 28% Talenttop 28% Partnerstop 37% Producttop 37% Growthtop 49% Techbottom 45% Newsbottom 45% Globalbottom 45% Market: 21,220 employees (top 4% of Traditional Pharmaceuticals) · Revenue ~$2.5B Fin. health: Revenue ~$2.5B · Revenue +9% YoY rank vs industry peers · Fliar Intelligence Index 80/100 | $2.5B FY2023 | $200M | 72 mo ago | +9% | 21,220 21,220 → 19,909 (-6%) | Rajendra Kumar Co-CEO | — | 4 job openings |
| 2 | Alembic Pharmaceuticals Manufacturer & supplier of generic pharmaceuticals | $794M FY2025 | — | 70 mo ago | +7% | 15,921 | Chirayu Amin CEO | 163 patents Formulation and solid-state innovations for peptide, small‑molecule, and kinase inhibitor drugs | — |
| 3 | Meril Developer of medical devices for surgeries and diagnosis | $591M FY2025 | $210M | 10 mo ago | +40% | 1,572 | Gafurbhai Bilakhia Co-Founder | 14 patents Patents concentrated in health & consumer products | — |
| 4 | ERIs Life Sciences Manufacturer of pharmaceutical formulations for chronic diseases 69Fin. health top 25%Moat top 25%Product top 28%Market top 30% All 10 signals ▾Fin. healthtop 25% Moattop 25% Producttop 28% Markettop 30% Newstop 35% Talenttop 38% Fundingtop 40% Growthtop 42% Techbottom 43% Globalbottom 37% Fin. health: Revenue ~$344M (FY2022) · Net margin 4.6% Moat: Top 3% by revenue among 1067 tracked Traditional Pharmaceuticals companies · Editorial + unicorn rating 3/10 rank vs industry peers · Fliar Intelligence Index 69/100 | $344M FY2025 | $43M | 177 mo ago | +43% | 1,058 | Amit Bakshi Co-Founder & Managing Director | — | — |
| 5 | La Renon Provider of pharmaceutical products 82Moat top 14%Innovation top 20%News top 21%Fin. health top 25% All 11 signals ▾Moattop 14% Innovationtop 20% Newstop 21% Fin. healthtop 25% Producttop 25% Fundingtop 30% Markettop 32% Growthtop 35% Techtop 39% Talentbottom 49% Globalbottom 39% Moat: Top 4% by revenue among 1067 tracked Traditional Pharmaceuticals companies · Editorial + unicorn rating 7/10 Innovation: 6 product lines rank vs industry peers · Fliar Intelligence Index 82/100 | $199M FY2025 | $116M | 25 mo ago | +16% | 2,732 | Pankaj Singh Chairman & CEO | — | — |
| 6 | Concord Biotech CDMO focused on manufacturing API | $147M FY2025 | — | 119 mo ago | +18% | 1,550 1,550 → 1,228 (-21%) | Amit Varma Director | 17 patents Fermentation-derived isolation and crystallization of complex macrolide antibiotics. | 1 award |
| 7 | Corona Remedies Manufacturer of pharmaceutical products focused on women's health, cardio-diabetology, pain management, and… | $142M FY2025 | $15M | 119 mo ago | +18% | 4,732 | Nirav Mehta Co-Founder | — | 1 expansion |
| 8 | CIMS Hospital Provider of multi-specialty healthcare services 72Growth top 27%Fin. health top 29%Moat top 29%Market top 30% All 8 signals ▾Growthtop 27% Fin. healthtop 29% Moattop 29% Markettop 30% Fundingtop 33% Producttop 40% Techbottom 36% Globalbottom 30% Growth: Headcount 18 → 992 (+5411%) across vintages · Revenue +17% YoY Fin. health: Revenue ~$97.0M (FY2023) · Net margin 4.9% rank vs industry peers · Fliar Intelligence Index 72/100 | $97M FY2025 | $142M | 20 mo ago | +17% | 992 | — | — | — |
| 9 | Marengo Asia Healthcare Healthcare provider offering world-class medical services and advanced treatments | $97M FY2025 | $119M | 20 mo ago | +17% | — | Raajiv Singhal CEO & MD | — | 4 job openings · 1 internship · 1 award |
| 10 | Ami Lifesciences Provider of drug research, manufacturing, and consulting services 55Moat top 31%Market top 36%Product top 36%Innovation top 37% All 11 signals ▾Moattop 31% Markettop 36% Producttop 36% Innovationtop 37% Patentstop 38% Fin. healthtop 39% Fundingtop 45% Growthtop 48% Talentbottom 49% Globalbottom 37% Techbottom 32% Moat: Top 3% by revenue among 1485 tracked Biopharma Outsourcing companies · Editorial + unicorn rating 1/10 Market: 1,241 employees (top 20% of Biopharma Outsourcing) · Revenue ~$78.1M rank vs industry peers · Fliar Intelligence Index 55/100 | $78M FY2025 | $40M | 76 mo ago | +20% | 1,241 1,241 → 721 (-42%) | Girish Chovatia Managing Director | 12 patents Innovative synthetic routes for small‑molecule drugs using green and continuous chemistry | 5 job openings |
| 11 | NewLife Medicals Company specializing in global sourcing activities and strengthening the supply chain | $74M FY2025 | $221K | 80 mo ago | +68% | — | — | — | — |
| 12 | Veeda Clinical Research Provider of contract research organization services, supporting the development of biotherapeutics and small… 67Talent top 28%Moat top 30%Market top 36%News top 37% All 9 signals ▾Talenttop 28% Moattop 30% Markettop 36% Newstop 37% Fundingtop 38% Growthtop 38% Fin. healthtop 44% Techtop 50% Globalbottom 39% Talent: 4 named leaders on record · 4 C-suite/founder profiles curated Moat: Top 4% by revenue among 1485 tracked Biopharma Outsourcing companies · Editorial + unicorn rating 1/10 rank vs industry peers · Fliar Intelligence Index 67/100 | $73M FY2025 | $108M | 29 mo ago | +52% | 876 876 → 1,586 (+81%) | Binoy Gardi Co-Founder & Director | — | — |
| 13 | Sudeep Pharma Manufacturer of pharmaceutical excipients 64Moat top 21%Funding top 34%Fin. health top 35%Talent top 38% All 8 signals ▾Moattop 21% Fundingtop 34% Fin. healthtop 35% Talenttop 38% Markettop 43% Growthtop 46% Globalbottom 45% Techbottom 41% Moat: Top 5% by revenue among 1485 tracked Biopharma Outsourcing companies · 9 curated direct competitors tracked Funding: Raised $18.7M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) rank vs industry peers · Fliar Intelligence Index 64/100 | $60M FY2025 | $19M | 13 mo ago | +10% | — | Sujit Bhayani Founder & Managing Director | — | — |
| 14 | Sterling Hospital Chain of multi speciality hospitals | $59M FY2025 | $16M | 245 mo ago | -1% | 1,460 1,460 → 1,484 (+2%) | Simmardeep Gill CEO & MD | — | — |
| 15 | Oneiro Chemicals Manufacturer of Active Pharmaceutical Ingredients (APIs) and intermediates | $43M FY2025 | $254K | 221 mo ago | +14% | 75 | Pranav Patel Founder & Managing Director | — | — |
| 16 | Globela Pharma Manufacturer of tablets, capsules, syrup, and injectables 57Product top 18%Innovation top 20%Moat top 29%Fin. health top 43% All 10 signals ▾Producttop 18% Innovationtop 20% Moattop 29% Fin. healthtop 43% Growthtop 47% Techtop 48% Markettop 50% Talentbottom 49% Fundingbottom 43% Globalbottom 32% Product: 4 distinct product lines Innovation: 4 product lines rank vs industry peers · Fliar Intelligence Index 57/100 | $35M FY2025 | $8M | 53 mo ago | +13% | 156 | Bhanu Vaghashia CEO & MD | — | — |
| 17 | Amanta Healthcare Manufacturer of sterile liquid parenterals using Aseptic BFS & ISBM technology 53Product top 14%Innovation top 20%News top 24%Moat top 31% All 12 signals ▾Producttop 14% Innovationtop 20% Newstop 24% Moattop 31% Fundingtop 39% Growthtop 49% Talentbottom 49% Fin. healthbottom 48% Marketbottom 47% Techbottom 38% Partnersbottom 35% Globalbottom 32% Product: 12 distinct product lines · Company stage: Public Innovation: 12 product lines rank vs industry peers · Fliar Intelligence Index 53/100 | $33M FY2025 | $14M | 23 mo ago | -2% | 510 510 → 346 (-32%) | Paras Mehta CFO | — | — |
| 18 | Accent Microcell Pharmaceutical company specializing in the production of microcrystalline cellulose and other excipient and… 40Moat top 34%Talent top 38%Fin. health top 46%Growth bottom 48% All 9 signals ▾Moattop 34% Talenttop 38% Fin. healthtop 46% Growthbottom 48% Techbottom 47% Fundingbottom 40% Marketbottom 39% Globalbottom 30% Newsbottom 21% Moat: Top 10% by revenue among 1485 tracked Biopharma Outsourcing companies · Editorial + unicorn rating 1/10 Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 40/100 | $32M FY2025 | $2M | 33 mo ago | +9% | 41 41 → 98 (+139%) | Manoj Patel CEO | — | — |
| 19 | Apothecon Pharmaceuticals Manufacturer of active pharmaceutical ingredients, peptides, and complex drug formulations 69Funding top 20%Product top 22%Innovation top 25%Moat top 32% All 9 signals ▾Fundingtop 20% Producttop 22% Innovationtop 25% Moattop 32% Techtop 37% Fin. healthtop 37% Markettop 46% Growthbottom 49% Globalbottom 37% Funding: Raised $270M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) Product: 8 distinct product lines · Company stage: PE rank vs industry peers · Fliar Intelligence Index 69/100 | $31M FY2025 | $270M | 2 mo ago | +45% | 652 | — | — | — |
| 20 | Stallion Laboratories Limited information available | $31M FY2025 | $20M | 101 mo ago | +11% | 175 | — | — | — |
| 21 | Finecure pharma Manufacturer of pharmaceutical formulations for various therapeutic areas | $24M FY2025 | $133K | 231 mo ago | -9% | 454 | Vishal Rajgarhia CEO | — | — |
| 22 | Sterling Accuris Diagnostics Chain of pathology labs | $24M FY2025 | $42M | 56 mo ago | +19% | 1,110 | Rajiv Sharma Founder & CEO | — | 1 job opening · 2 launchs · 1 expansion |
| 23 | Sakar Healthcare Manufacturer of oral and injectable pharmaceutical products, including lyophilized injections | $21M FY2025 | — | 34 mo ago | +14% | 51 | — | — | — |
| 24 | Global Baroda Hospital Standalone multispecialty hospital 57Market top 19%Fin. health top 39%Funding top 50%Talent bottom 45% All 6 signals ▾Markettop 19% Fin. healthtop 39% Fundingtop 50% Talentbottom 45% Globalbottom 33% Growthbottom 25% Market: Revenue ~$19.2M · Top 7% by revenue among 885 tracked Hospitals peers Fin. health: Revenue ~$19.2M (FY2022) · Net margin 7.2% rank vs industry peers · Fliar Intelligence Index 57/100 | $19M FY2025 | $5M | 146 mo ago | -5% | — | Bhikhubhai Patel Co-Founder & Director | — | — |
| 25 | Synergia Manufacturer of household and veterinary animal health insecticide ingredients | $16M FY2025 | $194K | 58 mo ago | — | 81 | Nandini Sandip Co-Owner | — | — |
| 26 | Baroque Pharmaceuticals Manufacturer of affordable pharmaceutical products | $12M FY2025 | $2M | 98 mo ago | +7% | 207 | Saraswat Lalit CEO & Director | — | — |
| 27 | Sidmak Manufacturer of pharmaceutical products including tablets, capsules, and transdermal patches 21Talent bottom 45%Growth bottom 43%Market bottom 41%Fin. health bottom 39% All 7 signals ▾Talentbottom 45% Growthbottom 43% Marketbottom 41% Fin. healthbottom 39% Fundingbottom 37% Globalbottom 33% Techbottom 24% Talent: 1 named leader on record Growth: Revenue -6% YoY · Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 21/100 | $10M FY2025 | $3M | 19 mo ago | -6% | 175 | Vinayak Bhalani Owner & Director | — | — |
| 28 | Arinna Lifesciences Developer and marketer of specialty pharmaceutical drugs for the central nervous system 13Moat top 38%Funding bottom 47%Growth bottom 42%News bottom 42% All 8 signals ▾Moattop 38% Fundingbottom 47% Growthbottom 42% Newsbottom 42% Fin. healthbottom 42% Globalbottom 37% Marketbottom 32% Techbottom 18% Moat: Top 33% by revenue among 1067 tracked Traditional Pharmaceuticals companies · Editorial + unicorn rating 5/10 Funding: Raised $11.2M across 5 rounds · 5 rounds over 11 yrs (0.5/yr) rank vs industry peers · Fliar Intelligence Index 13/100 | $9M FY2025 | $11M | 83 mo ago | +10% | 322 | — | — | — |
| 29 | La Chandra Pharmalab Manufacturer of APIs with a focus on cGMP compliance | $8M FY2025 | $947K | 69 mo ago | +40% | — | Priyvrat Gadhvi Founder & Managing Director | — | — |
| 30 | Nimba Standalone gym, yoga and meditation center 53Growth top 19%Moat top 29%Fin. health top 41%Tech top 43% All 8 signals ▾Growthtop 19% Moattop 29% Fin. healthtop 41% Techtop 43% Talentbottom 49% Globalbottom 37% Marketbottom 36% Fundingbottom 21% Growth: Revenue +121% YoY Moat: Top 2% by revenue among 46 tracked Fitness and Wellness Centers companies · Editorial + unicorn rating 1/10 rank vs industry peers · Fliar Intelligence Index 53/100 | $7M FY2015 | $332K | 208 mo ago | +121% | 1 | Jayant Bokadia CEO | — | — |
| 31 | Healthvit Private label herbal and nutraceutical products | $6M FY2025 | $11M | 52 mo ago | +143% | 49 | Kamlesh Patel CEO & Managing Director | — | — |
| 32 | Assure Chain of skin and hair clinics | $4M FY2025 | $1M | 18 mo ago | +288% | 67 | Priyanka Pilani Co-Founder | — | 4 job openings |
| 33 | Alpha Medicare and Devices Manufacturer of transfusion, urology and anesthesia products | $3M FY2025 | $46K | 175 mo ago | +5% | — | — | — | — |
| 34 | Comprehensive Blood & Cancer Center Chain of oncology centers | $3M FY2025 | $6M | 158 mo ago | -56% | 52 | — | — | — |
| 35 | Nest Healthcare Fully-integrated pharmaceutical company based in Ahmedabad, Gujarat, India 8Talent bottom 45%Moat bottom 40%Funding bottom 37%Fin. health bottom 35% All 8 signals ▾Talentbottom 45% Moatbottom 40% Fundingbottom 37% Fin. healthbottom 35% Growthbottom 32% Globalbottom 25% Techbottom 23% Marketbottom 19% Talent: 1 named leader on record Moat: Top 53% by revenue among 1485 tracked Biopharma Outsourcing companies · Editorial + unicorn rating 1/10 rank vs industry peers · Fliar Intelligence Index 8/100 | $2M FY2024 | $4M | 27 mo ago | -4% | 7 | Himank Shah Managing Director | — | — |
| 36 | Analytical Technologies Provider of analytical devices | $1M FY2025 | — | 90 mo ago | +12% | 41 | — | — | 2 launchs · 2 partnerships |
| 37 | Airmed Provider of a chain of diagnostic labs | $1M FY2025 | $2M | 114 mo ago | +42% | 18 | Piyush Gupta Co-Founder | — | — |
| 38 | Dr Mantra Distributor of ayurvedic medicines | $862K FY2024 | $354K | 34 mo ago | +205% | 18 | — | — | — |
| 39 | Fine Feather Dental Chain of dental clinics | $619K FY2025 | $79K | 182 mo ago | -11% | 2 | — | — | — |
| 40 | Swas Healthcare Standalone complementary and alternative therapy hospitals | $237K FY2025 | $508K | 170 mo ago | +33% | — | Sanjay Singh CEO & Director | — | — |
| 41 | Infinion BioPharma Developer of small molecule based therapeutics for the treatment of various diseases | $109K FY2025 | $1M | 95 mo ago | +1559% | — | Gautam Bali Co-Founder | — | — |
| 42 | Century Pharma API Manufacturer and R&D of recombinant fusion proteins for the treatment of asthma and Mastocytosis | $93K FY2025 | $95K | 220 mo ago | -82% | 72 | Janak Sheth Owner & Managing Director | — | — |
| 43 | QRL Bioscience CRO focused on cancer cell based clinical trial services 32Growth top 12%Talent top 38%Funding bottom 49%Global bottom 36% All 6 signals ▾Growthtop 12% Talenttop 38% Fundingbottom 49% Globalbottom 36% Fin. healthbottom 35% Marketbottom 3% Growth: Revenue +10414% YoY · Fresh capital in last 24 mo Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 32/100 | $25K FY2025 | $342K | 10 mo ago | +10414% | — | Kranti Vora Co-Founder | — | — |
| 44 | Novelgenix Manufacturer of drugs | $1K FY2025 | $716K | 65 mo ago | -98% | — | Shivprakash Rathnam Founder & Chairman | — | — |
| 45 | Shakti Bioscience Manufacturer of APIs and pharma intermediates | $194 FY2025 | $391K | 194 mo ago | -99% | — | — | — | — |
| 46 | Touchlabs Standalone pathology laboratory & diagnostic centre | $125 FY2025 | — | 76 mo ago | -100% | 17 | Alpana Jain Founder | — | — |
| 47 | Neo Clinics Provider of healthcare recruitment services | — | $125K | 34 mo ago | — | — | Edward J Founder | — | — |
| 48 | Micro Life Sciences Manufacturer and supplier of medical devices | — | $210M | 51 mo ago | — | 748 | Malavika Murali | — | — |
| 49 | Claris Lifescences Online platform for pharmaceutical manufacturing and injectable therapies 6Funding top 47%Talent bottom 49%Global bottom 37%News bottom 36% All 6 signals ▾Fundingtop 47% Talentbottom 49% Globalbottom 37% Newsbottom 36% Marketbottom 22% Growthbottom 10% Funding: Raised $20.0M across 4 rounds · 4 rounds over 20 yrs (0.2/yr) Talent: 1 named leader on record · 1 C-suite/founder profile curated rank vs industry peers · Fliar Intelligence Index 6/100 | — | $20M | 149 mo ago | — | 47 | Arjun Handa CEO | — | — |
Top 12 Healthcare companies in Gujarat
#1
Late Stage · Vadodara, Gujarat · founded 2010 · 652 employees$270Mraised▾
Late Stage · Vadodara, Gujarat · founded 2010 · 652 employees
Manufacturer of active pharmaceutical ingredients, peptides, and complex drug formulations. They provide finished dosage forms, intermediates, and products under pipeline. The company specializes in contract manufacturing services, including technology transfer and commercial production. Capabilities include formulation development, global-grade manufacturing, and strategic partnerships to deliver compliance and scalability.
Fliar Intelligence Index™ 69how this company ranks against its industry peers
Funding
top 20%Product
top 22%Innovation
top 25%Moat
top 32%Tech
top 37%Fin. health
top 37%Funding: Raised $270M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) · Last round PE (Apr 2026)
Product: 8 distinct product lines · Company stage: PE
Innovation: 8 product lines
Funding rounds
- Apr 2026PE$270M
Investors
Everstone Capital
Tech stack
Amazon CloudfrontAmazon Web ServicesBootstrapChart.JsCloudflareContact Form 7
#2
Series D · Vapi, Gujarat · founded 2006 · 1572 employees$210Mraised▾
Series D · Vapi, Gujarat · founded 2006 · 1572 employees
Developer of medical devices for surgeries and diagnosis. The company manufactures medical solutions in the form of vascular intervention devices, orthopedic implants, robotics, endo-surgery, ENT products, and in-vitro diagnostics.
Founders & team
Investors
Warburg Pincus, ADIA
Tech stack
Alpine.JsAosApache Http ServerApple Icloud MailAxiosBootstrap
#3
Series C · Ahmedabad, Gujarat · founded 2009 · 992 employees$141.9Mraised▾
Series C · Ahmedabad, Gujarat · founded 2009 · 992 employees
Provider of multi-specialty healthcare services. It offers a wide array of inpatient and outpatient services, including preventive care, diagnostics, and treatments across numerous medical specialties. These services encompass cardiology, oncology, orthopedics, organ transplantation, and many others. The organization is committed to patient-centric care and utilizes advanced medical technologies and techniques. A team of highly skilled medical professionals ensures high-quality medical attention.
Fliar Intelligence Index™ 72how this company ranks against its industry peers
Growth
top 27%Fin. health
top 29%Moat
top 29%Market
top 30%Funding
top 33%Product
top 40%Growth: Headcount 18 → 992 (+5411%) across vintages · Revenue +17% YoY · Web rank 1,000,000 → 5,000,000 YoY
Fin. health: Revenue ~$97.0M (FY2023) · Net margin 4.9% · Revenue +17% YoY
Moat: Top 1% by revenue among 885 tracked Hospitals companies · Editorial + unicorn rating 1/10
Audience (LinkedIn): 79 LinkedIn followers
Funding rounds
- Oct 2024Series C$7.2M
- Dec 2023Series C$9.5M
- Feb 2023Series C$22.9M
- Oct 2021Series C$102.3M
Investors
Marengo Asia Healthcare
Tech stack
Animate.CssApache Http ServerCore-JsDiviEmbedplusGoogle Analytics
#4
Series D · Ahmedabad, Gujarat · founded 2020$119Mraised▾
Series D · Ahmedabad, Gujarat · founded 2020
Marengo Asia Hospitals is a healthcare provider offering advanced medical services and compassionate care through their hospitals located in various cities. They provide services such as kidney transplants and emergency medical care, with a focus on patient well-being and health.
LinkedIn Pulse recent public activity · Jul 2026
Audience: 23k LinkedIn followers
Hiring: 4 hiring posts in 12 mo (public) · momentum +4 · hiring: Assistant Manager – Sales & Marketing, Manager – Payroll & Compliance
Activity: 1 awards announced in 12 mo
Funding rounds
- Oct 2024Series D$8.1M
- Dec 2023Series A$9.5M
- Feb 2023Series A$22.9M
- Oct 2021Series A$102.3M
Founders & team
Investors
Samara Capital, Havells, sanne, Godrej Industries
Tech stack
Amazon CloudfrontAmazon Web ServicesAnimate.CssBootstrapBootstrap IconsCdnjs
#5
Public · Vadodara, Gujarat · founded 1989$18.7Mraised▾
Public · Vadodara, Gujarat · founded 1989
Sudeep Pharma is a manufacturer of high-quality ingredient solutions that cater to various industries. With a focus on quality and innovation, the company offers a range of products and solutions that help customers overcome their challenges. Its portfolio includes ingredients for the beverage industry, among others.
Fliar Intelligence Index™ 64how this company ranks against its industry peers
Moat
top 21%Funding
top 34%Fin. health
top 35%Talent
top 38%Market
top 43%Growth
top 46%Moat: Top 5% by revenue among 1485 tracked Biopharma Outsourcing companies · 9 curated direct competitors tracked
Funding: Raised $18.7M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) · Last round Series B (May 2025)
Fin. health: Revenue ~$60.5M (FY2023) · Net margin 26.8% · Revenue +10% YoY
Funding rounds
- May 2025Series B$18.7M
Founders & team
Investors
White Oak, Nuvama, Dalmia Family Office Trust, Sanshi Fund
Tech stack
ElementorEndurance Page CacheGoogle Font ApiMysqlNginxPhp
#6
Series C · Ahmedabad, Gujarat · founded 2007 · 2732 employees$115.6Mraised▾
Series C · Ahmedabad, Gujarat · founded 2007 · 2732 employees
Provider of pharmaceutical products. It specializes in medicines and formulations for chronic diseases such as nephrology, urology, neurology, cardiac, gastroenterology, critical care, respiratory, and gynecology. It offers a range of products for chronic illnesses and diseases.
Fliar Intelligence Index™ 82how this company ranks against its industry peers
Moat
top 14%Innovation
top 20%News
top 21%Fin. health
top 25%Product
top 25%Funding
top 30%Moat: Top 4% by revenue among 1067 tracked Traditional Pharmaceuticals companies · Editorial + unicorn rating 7/10
Innovation: 6 product lines
News: 8 BI events in 12 mo (of 19 tracked, 3 types) · +167% YoY · 8 high-value events (IPO/M&A/funding/contracts) in 12 mo
Funding rounds
- Apr 2024Series C$70M
- Jan 2021Series B$30M
- Jun 2015Series A$15.6M
Founders & team
Investors
A91 Partners, Peak XV Partners, ChrysCapital, Pankaj Singh Family Trust, Avendus, Creador
Tech stack
BootstrapCloudflareCloudflare Browser InsightsContact Form 7Core-JsElementor
#7
Public · Ahmedabad, Gujarat · founded 1997 · 510 employees$14.1Mraised▾
Public · Ahmedabad, Gujarat · founded 1997 · 510 employees
Manufacturer of sterile liquid parenterals using Aseptic BFS & ISBM technology. It offers formulations, fluid therapy, ophthalmics, respiratory solutions, and medical devices. The company provides contract services including formulation development, scaled-up manufacturing, and lab-scale trials. Regulatory services and product partnering are also key offerings. Manufacturing facilities adhere to stringent regulatory standards and have received international approvals. A focus on product partnering facilitates collaborations with pharmaceutical companies.
Fliar Intelligence Index™ 53how this company ranks against its industry peers
Product
top 14%Innovation
top 20%News
top 24%Moat
top 31%Funding
top 39%Growth
top 49%Product: 12 distinct product lines · Company stage: Public
Innovation: 12 product lines
News: 24 BI events in 12 mo (of 30 tracked, 7 types) · +380% YoY · 20 high-value events (IPO/M&A/funding/contracts) in 12 mo
Audience (LinkedIn): 10k LinkedIn followers
Hiring (LinkedIn): 3 hiring posts in 12 mo (public) · hiring: Area Sales Executive, IPQA Incharge
Funding rounds
- Jul 2024Series B$2.4M
- May 2016Series B$1.2M
- Jan 2013Series B$8.3M
- Aug 2008Series A$4.6M
Founders & team
Investors
TCHF, Marck Remedies, IFCI Venture Capital Funds, M N J Jackson, Modern Marine, Agotherm Engineers
Tech stack
AosApache Http ServerBootstrapBootstrap IconsCdnjsCloudflare
#8
Unfunded · Ahmedabad, Gujarat · founded 2004 · 876 employees$108.3Mraised▾
Unfunded · Ahmedabad, Gujarat · founded 2004 · 876 employees
Provider of contract research organization services, supporting the development of biotherapeutics and small molecules. Veeda Lifesciences is a technology-driven global Contract Research Organization (CRO) providing streamlined solutions for drug development, primarily focusing on biotherapeutics and small molecules. The company leverages its scientific expertise and advanced technology to support the development of innovative pharmaceutical products. Its services span across method development, method validation, and sample analysis, among others. Veeda offers a comprehensive range of solutions for the biopharmaceutical industry.
Fliar Intelligence Index™ 67how this company ranks against its industry peers
Talent
top 28%Moat
top 30%Market
top 36%News
top 37%Funding
top 38%Growth
top 38%Talent: 4 named leaders on record · 4 C-suite/founder profiles curated
Moat: Top 4% by revenue among 1485 tracked Biopharma Outsourcing companies · Editorial + unicorn rating 1/10
Market: 876 employees (top 24% of Biopharma Outsourcing) · Revenue ~$73.5M · Top 4% by revenue among 1485 tracked Biopharma Outsourcing peers
Audience (LinkedIn): 118k LinkedIn followers — 8.1% of this cohort's audience
Founders & team
Investors
Hero Enterprise Partner Ventures, ValueQuest, QRC, Singularity Ventures AMC, VLS Finance, Sabre Partners India
Tech stack
Amazon S3Amazon Web ServicesApache Http ServerBootstrapCdnjsCloudflare
#9
Early Stage · Valsad, Gujarat · founded 1983 · 175 employees$2.9Mraised▾
Early Stage · Valsad, Gujarat · founded 1983 · 175 employees
Manufacturer of pharmaceutical products including tablets, capsules, and transdermal patches. The company develops and manufactures pharmaceutical products utilizing technology platforms. It focuses on developing and manufacturing essential drugs. The firm offers manufacturing for pellets, tablets, hard gelatin capsules, and transdermal patches. Quality control and assurance departments support the quality management system.
Fliar Intelligence Index™ 21how this company ranks against its industry peers
Talent
bottom 45%Growth
bottom 43%Market
bottom 41%Fin. health
bottom 39%Funding
bottom 37%Global
bottom 33%Talent: 1 named leader on record
Growth: Revenue -6% YoY · Fresh capital in last 24 mo
Market: 175 employees · Revenue ~$10.1M · Top 30% by revenue among 1067 tracked Traditional Pharmaceuticals peers
Funding rounds
- Oct 2024Unattributed$1.9M
- Apr 2010Unattributed$989.9K
Founders & team
Investors
nirmitexports, Mackinonenterprise, Shanghavi Finance, Sun Pharma
Tech stack
PhpGoogle MapsBootstrapNginxLightboxJquery
#10
Seed · Ahmedabad, Gujarat · founded 2021$341.6Kraised▾
Seed · Ahmedabad, Gujarat · founded 2021
CRO focused on cancer cell based clinical trial services
Fliar Intelligence Index™ 32how this company ranks against its industry peers
Growth
top 12%Talent
top 38%Funding
bottom 49%Global
bottom 36%Fin. health
bottom 35%Market
bottom 3%Growth: Revenue +10414% YoY · Fresh capital in last 24 mo
Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
Funding: Raised $342k across 1 rounds · 1 rounds over 1 yrs (1.0/yr) · Last round Seed (Aug 2025)
Funding rounds
- Aug 2025Seed$341.6K
Founders & team
Investors
Gujarat Venture Finance
#11
Late Stage · Ahmedabad, Gujarat · founded 2006 · 748 employees$210Mraised▾
Late Stage · Ahmedabad, Gujarat · founded 2006 · 748 employees
Manufacturer and supplier of medical devices. It offers innovation, design, development, manufacturing, and distribution of diversified medical devices, lab equipment, surgical instruments, and more.
Funding rounds
- Feb 2022PE$210M
Investors
Warburg Pincus
#12
Seed · Ahmedabad, Gujarat · founded 2015 · 67 employees$1.1Mraised▾
Seed · Ahmedabad, Gujarat · founded 2015 · 67 employees
Chain of skin and hair clinics
LinkedIn Pulse recent public activity · Jul 2026
Audience: 4k LinkedIn followers
Hiring: 4 hiring posts in 12 mo (public) · momentum +4 · hiring: Fire Transplant Doctor-MBBS, Doctor -Hair Transplant
Funding rounds
- Nov 2024Seed$1.8M
- Dec 2018Angel$138.1K
- Dec 2017Seed$931.6K
Founders & team
Investors
Venture Catalysts, DIFC, Samyakth Capital
Tech stack
ElementorGoogle Tag ManagerHostingerHttp/3LitespeedMysql
Funding & investor landscape
$1.7Btotal disclosed funding
45companies funded
76disclosed rounds
1rounds last 90 days
Most active investors
Gujarat Venture Finance2 rounds
Piramal Group2 rounds
Notable founders
Gafurbhai Bilakhia
Co-Founder · Meril
Shahid Bilakhia
Co-Founder · Meril
Raajiv Singhal
CEO & MD · Marengo Asia Healthcare
Sujit Bhayani
Founder & Managing Director · Sudeep Pharma
Ketan Vyas
Group CFO · Sudeep Pharma
Pankaj Singh
Chairman & CEO · La Renon
Paras Mehta
CFO · Amanta Healthcare
Binoy Gardi
Co-Founder & Director · Veeda Clinical Research
Apurva Shah
Founder and Director · Veeda Clinical Research
Vinayak Bhalani
Owner & Director · Sidmak
Kranti Vora
Co-Founder · QRL Bioscience
Senthil Natesan
Co-Founder · QRL Bioscience
Prism market signals · India · country-scoped Prism corpus, 6,217,316 docs
Market landscape — 10 sub-themes by coverage
Share of Healthcare coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
How many Healthcare companies are there in Gujarat, India?
Radar tracks 864 indexable Healthcare companies headquartered in Gujarat, India, India, that meet our profile-completeness bar.
What is the total funding raised by Healthcare companies in Gujarat, India?
The Healthcare companies in Gujarat, India on this list have raised a combined $1.7B in disclosed equity funding across 45 funded companies.
Which is the highest-funded Healthcare company in Gujarat, India?
Apothecon Pharmaceuticals is the highest-funded Healthcare company in Gujarat, India, with $270M in disclosed equity funding.
How many Healthcare companies in Gujarat, India are funded?
45 of the 864 Healthcare companies in Gujarat, India on this list have disclosed at least one equity funding round.
How many Healthcare unicorns are there in Gujarat, India?
None of the Healthcare companies in Gujarat, India on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Gujarat, India Healthcare companies?
The most active investors in Gujarat, India Healthcare companies on this list include BIRAC, ChrysCapital, Gujarat University Startup and Entrepreneurship Council, TCHF, Anchor Partners.
Riya SenguptaFinancials
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.