Company lists
The Gujarat edition · 2026

Healthcarecompanies in Gujarat

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

1,660 company profiles595 with reported revenue34 with recorded fundingSeptember 2026 edition

Recent healthcare business events in Gujarat

Funding, M&A, contract wins and launches involving 1,909 healthcare companies in Gujarat, last 24 months: 71 M&A deals · 17 Contracts · 8 funding rounds · 4 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

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
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
M&AAcquisition · Completed

Trident Lifeline acquires Trident Mediquip

Trident Lifeline has acquired an additional 9.04 per cent stake in Trident Mediquip, marking a significant strategic investment in the medical equipment sector. The transaction was…

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
FundingQIP

Zota health care

Zota Health Care Limited (NSE: ZOTA) has raised ₹350 crore through a Qualified Institutional Placement, issuing shares at ₹1,535 apiece to a select group of institutional investors.

Investors Valiant Partners, 360 one, Prashant Jain’s 3P Investment Managers, White Oak Capital
Pharmacy retail
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
FundingSeries A

Alembic

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

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

Alembic pharmaceuticals acquires Utility therapeutics

Alembic Pharmaceuticals is expanding its presence in the United States through a broader portfolio of complex generics, injectables, and an entry into branded drugs following the…

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
Funding

Zota health care

Zota Health Care Ltd has announced that its board has approved a proposal to raise up to ₹500 crore in one or more tranches through the issuance of equity shares, convertible securities,…

Healthcare
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

Healthcare companies in Gujarat, by revenue

Browse healthcare companies in Gujarat 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 595 healthcare companies in Gujarat that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 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 & supplier of generic pharmaceuticals

Traditional pharmaceuticals
₹6,256.93 crFY 2023-24
Not reported
61+5% 12 mo to Jul 2024LinkedIn · Jul 2026
119 yr1907
6postings · last posted Sep 2026

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

Pharmaceutical company manufacturing active pharmaceutical ingredient (API) intermediates

Biopharma outsourcing
₹724.97 crFY 2023-24
Not reported
4-67% 12 mo to Jun 2022recorded Jun 2022
19 yr2007
0none in 3 months

Manufacturer of API & intermediates

Biopharma outsourcing
₹641.59 crFY 2021-22
+7%2021–2022
823LinkedIn · Jul 2026
35 yr1991
0none in 3 months

Provider of drug research, manufacturing, and consulting services

Biopharma outsourcing
₹659.86 crFY 2024-25
+20%2024–2025
721+2% 12 mo to Sep 2024LinkedIn · Jul 2026
20 yr2006
1postings · last posted Jul 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

Manufacturer of Drug Intermediates, APIs and specialty chemicals

Biopharma outsourcing
₹566.17 crFY 2021-22
Not reported
1,141-7% 12 mo to Mar 2024recorded Mar 2024
29 yr1997
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

Chain of multispeciality hospitals

Hospital chains
₹627.78 crFY 2024-25
+28%2024–2025
8+6% 12 mo to May 2024LinkedIn · Jul 2026
29 yr1997
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
50 of 1,660 companies shown here · the full list is on Radar
Fliar Radar

Explore all 1,660 healthcare companies in Gujarat on Radar

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

Open healthcare in Gujarat on Radar
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  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
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Explore healthcare companies in Gujarat by what you are looking for

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

9 ways to explore healthcare in Gujarat

Pharmaceutical manufacturersAPI, CDMO & pharma outsourcing companiesHospitals & hospital chainsClinics & clinic chainsMedical device & equipment manufacturersNutraceutical & ayurvedic companies

Pharmaceutical manufacturers

Makers of generic and branded medicines and formulations.

  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. Cadila Pharmaceuticals Limited

    Manufacturer of pharmaceutical products

    Traditional pharmaceuticals
    Website
  5. ERIs Life Sciences

    Manufacturer of pharmaceutical formulations for chronic diseases

    Traditional pharmaceuticals
    See in list

API, CDMO & pharma outsourcing companies

Contract manufacturers and API producers for the drug industry.

  1. Dishman Carbogen Amcis

    CDMO focused on manufacturing of API

    Biopharma outsourcing
    See in list
  2. Ami organics

    Pharmaceutical company manufacturing active pharmaceutical ingredient (API) intermediates

    Biopharma outsourcing
    See in list
  3. Amoli Organics

    Manufacturer of API & intermediates

    Biopharma outsourcing
    See in list
  4. Cliantha

    Offers diversified clinical research services

    Biopharma outsourcing
    See in list
  5. NewLife Medicals

    Company specializing in global sourcing activities and strengthening the supply chain

    Biopharma outsourcing
    See in list

Hospitals & hospital chains

Multispecialty and specialty hospitals and hospital groups.

  1. Zydus Hospitals

    Network of multispeciality hospitals

    Hospital chains
    See in list
  2. Metro Hospitals

    Chain of multispeciality hospitals

    Hospital chains
    See in list
  3. Global Baroda Hospital

    Standalone multispecialty hospital

    Hospitals
    Website
  4. Bankers Group of Hospitals

    Chain of multi-specialiy hospitals

    Hospital chains
    Website
  5. BHIRC

    Operator of a hospital

    Hospitals
    Website

Clinics & clinic chains

Dental, skin, fertility and specialty clinics.

  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. Sakhiya Skin Clinic

    Provider of a leading chain of multi-specialty clinics providing advanced skin care and cosmetic services

    Clinic chains
    Website
  4. Comprehensive Blood & Cancer Center

    Chain of oncology centers

    Clinic chains
    Website
  5. Aditi Wellness

    Company specializing in occupational health services

    Clinics
    Website

Medical device & equipment manufacturers

Manufacturers of medical devices, implants and consumables.

  1. Medicap

    Manufacturer of head caps

    Traditional medical devices
    Website
  2. Sharma Orthopedic

    Develops Orthopedic implants and instruments

    Diversified medical devices
    Website
  3. Miraclus

    Manufacturer of orthopaedic implants and instruments

    Traditional medical devices
    Website
  4. 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
  5. Medinnova Systems

    Medical equipment supplier that provides a range of products and services, including refurbished and used medical devices, MRI machines, patient care equipment

    Medical device distributors
    Website

Nutraceutical & ayurvedic companies

Supplements, herbal and ayurvedic product makers.

  1. Pharmanza Herbal

    Manufacturer of standardized botanical extracts and active formulations

    Alternative medicine products
    Website
  2. Vasa Pharmachem

    Manufacturer of nutritional supplements

    Traditional nutraceuticals
    Website
  3. Rhombus Pharma

    Provider of veterinary care services for small animals

    Traditional pharmaceuticals
    Website
  4. Zeon Biotech

    Manufacturer and exporter of pharmaceutical and nutraceutical products

    Traditional nutraceuticals
    Website
  5. Gayatri Ayupharma

    Manufacturer of ayurvedic medicines

    Alternative medicine products
    Website

Healthcare startups in Gujarat

Recently founded healthcare companies in Gujarat.

  1. Zenex Animal Health

    Manufacturer of veterinary drugs

    Veterinary health products
    See in list
  2. Mono Pharmacare

    Distributor of diversified drugs

    Pharmaceutical distributors
    Website
  3. Shankus Hospitals

    Provider of super-specialty medical services, including cancer care and trauma services

    Hospitals
    Website
  4. Northstar Pathology labs

    Provider of diagnostic imaging services

    Clinical laboratories
    Website
  5. Athos Collagen

    Manufacturer of fish collagen peptide and fish gelatin for multiple industries

    Traditional nutraceuticals
    Website
190 companies in Gujarat

Healthcare companies hiring in Gujarat

Healthcare companies in Gujarat 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. Alembic Pharmaceuticals

    Manufacturer & supplier of generic pharmaceuticals

    Traditional pharmaceuticals
    See in list
  4. Dishman Carbogen Amcis

    CDMO focused on manufacturing of API

    Biopharma outsourcing
    See in list
  5. Shalby

    Provider of home nursing care services

    Home healthcare
    See in list
28 companies in Gujarat

Listed healthcare companies in Gujarat

Publicly traded healthcare companies in Gujarat.

  1. Zydus Lifesciences

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

    Diversified pharmaceuticals
    See in list
  2. Torrent Pharma

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

    Diversified pharmaceuticals
    See in list
  3. Alembic Pharmaceuticals

    Manufacturer & supplier of generic pharmaceuticals

    Traditional pharmaceuticals
    See in list
  4. ERIs Life Sciences

    Manufacturer of pharmaceutical formulations for chronic diseases

    Traditional pharmaceuticals
    See in list
  5. Dishman Carbogen Amcis

    CDMO focused on manufacturing of API

    Biopharma outsourcing
    See in list
50 companies in Gujarat
Mobile reach

Top 10 healthcare apps from Gujarat

The most-installed Android apps published by healthcare companies headquartered in Gujarat — 1.4M installs between them. 31 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
2

davaindia GENERIC PHARMACY

by Dava India

Installs417K
Rating—
Installs, year on year+290%
Last updatedJun 2026
View on Google Play ↗
davaindia GENERIC PHARMACY screenshot 1davaindia GENERIC PHARMACY screenshot 2davaindia GENERIC PHARMACY screenshot 3davaindia GENERIC PHARMACY screenshot 4davaindia GENERIC PHARMACY screenshot 5davaindia GENERIC PHARMACY screenshot 6
4

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

FG - Fitness With Gomzi

by FG Group

Installs8K
Rating—
Last updatedDec 2025
View on Google Play ↗
FG - Fitness With Gomzi screenshot 1FG - Fitness With Gomzi screenshot 2FG - Fitness With Gomzi screenshot 3FG - Fitness With Gomzi screenshot 4FG - Fitness With Gomzi screenshot 5FG - Fitness With Gomzi screenshot 6
The business behind the activity

Healthcare financials in Gujarat

Revenue, profit and growth from the filed annual accounts of 557 healthcare companies in Gujarat for FY24-25 — 640 of the 1,660 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 94% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹611,205.70 cr

557 companies filing accounts

combined net profit₹44,691.58 cr

7.3% aggregate margin

are profitable82%

458 of 557 companies

median revenue~₹20.1 cr

the typical company

median revenue growth+11%

into FY24-25

earned by the top five94%

revenue concentration

Six-year view

Combined revenue of filing companies

₹399,514.29 crFY19-20476 filers
₹318,265.40 crFY20-21504 filers
₹502,954.70 crFY21-22537 filers
₹613,966.34 crFY22-23569 filers
₹55,452.69 crFY23-24574 filers
₹611,205.70 crFY24-25557 filers

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

Like-for-like

The same 518 companies over three years

+31%
FY22-23₹46,619.70 cr₹4,418.36 cr net
FY23-24₹53,051.02 cr₹7,181.48 cr net
FY24-25₹60,923.18 cr₹9,362.95 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 cr6048% profitable
₹1–10 cr14979% profitable
₹10–100 cr24889% profitable
₹100–1,000 cr9290% profitable
Over ₹1,000 cr8100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking148
0–20%196
20–50%105
50–100%41
Doubled+50

540 companies with accounts for both years; median growth +11%.

Profitability

Profit is concentrated at the top

458profitable
99loss-making
7.3%aggregate margin
3.5%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
Aayush HospitalsAAYUSH GROUP OF HOSPITALS PRIVATE LIMITED
Bizotic LifescienceBIZOTIC LIFESCIENCE PRIVATE LIMITED
ClinnexCLINNEX RESEARCH PRIVATE LIMITED+324%
Acute Research centreACUTE RESEARCH PRIVATE LIMITED+288%₹34.88 cr
Accretion PharmaceuticalsAccretion Nutraveda Limited+212%
Octavius PharmaOCTAVIUS PHARMA PRIVATE LIMITED
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₹34.88 cr
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 pharmaceuticals118₹563,047.38 cr~₹33.8 cr84%6.4%
Diversified pharmaceuticals30₹23,344.72 cr~₹16.3 cr83%27.4%
Biopharma outsourcing168₹12,431.71 cr~₹26.2 cr77%9.5%
Hospital chains14₹2,608.16 cr~₹48.5 cr93%10.3%
Pharmaceutical distributors38₹1,776.50 cr~₹20.9 cr82%4.8%
Hospitals34₹1,231.75 cr~₹23.6 cr88%7.9%
Traditional medical devices27₹595.79 cr~₹6.4 cr85%9.6%
Traditional nutraceuticals17₹436.33 cr~₹21.8 cr94%6.8%
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%
Alembic, Alembic PharmaceuticalsALEMBIC PHARMACEUTICALS LIMITED₹6,080.51 cr₹503.12 cr
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%
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 Gujarat 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, Gujarat71

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 Gujarat

68Acquisition
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. JB Chemicals & Pharmaceuticals3
  3. SWISS PARENTERALS3
  4. JB Chemicals3
  5. Utility therapeutics2

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

Healthcare funding in Gujarat

34 healthcare companies in Gujarat have recorded equity funding, US$1.21bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Gujarat

Meet the people behind healthcare companies in Gujarat. 550 of 1,660 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Gujarat healthcare companies by sub-sector

The most common specialisations among healthcare companies in Gujarat. 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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