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The Himachal Pradesh edition · 2026

Healthcarecompanies in Himachal Pradesh

Contract pharma, pharma, distributors, nutraceuticals, hospitals and more: the companies building healthcare in Himachal Pradesh, with their founders, funding, team size and business models.

Explore in Radar See the ranked list ↓
134 company profiles42 with reported revenue2 with recorded fundingOctober 2026 edition
Himachal Pradesh · 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: 414 M&A deals · 108 funding rounds · 104 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…

Investors Leapfrog investments, Ifc, Niif
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

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

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 Himachal Pradesh, by revenue

Browse healthcare companies in Himachal Pradesh by reported revenue, one-year revenue growth, revenue model, age and stage. The 42 companies below are the largest by their most recent reported revenue among 42 healthcare companies in Himachal Pradesh 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 42

Manufacturer of active pharmaceutical ingredients, home diagnostics, over-the-counter, and generic medicines

Traditional pharmaceuticals
₹1,829.94 crFY 2024-25
+7%2024–2025
1,101-7% 12 mo to Feb 2024LinkedIn · Oct 2026
42 yr1984
1postings · last posted Sep 2026

Manufacturer of pharmaceutical and nutraceutical products

Alternative medicine products
₹1,119.15 crFY 2024-25
+6%2024–2025
1,191-68% 12 mo to Jun 2024LinkedIn · Oct 2026
46 yr1980
0none in 3 months

Provider of pharmaceutical products

Biopharma outsourcing
₹633.10 crFY 2024-25
+4%2024–2025
624+13% 12 mo to Aug 2024recorded Aug 2024
29 yr1997
0none in 3 months

Contract manufacturer of formulations

Contract manufacturers
₹319.49 crFY 2024-25
Not reported
307+12% 12 mo to Aug 2024LinkedIn · Oct 2026
9 yr2017
0none in 3 months

Third-party manufacturer of pharmaceutical tablets and suspensions

Biopharma outsourcing
₹313.19 crFY 2024-25
+16%2024–2025
—Not available
29 yr1997
0none in 3 months

Provider of contract based nutraceuticals manufacturing services

Biopharma outsourcing
₹232.21 crFY 2023-24
Not reported
6LinkedIn · Jul 2026
20 yr2006
0none in 3 months

Manufacturer of sterile injectable drugs, offering contract development and manufacturing services

Traditional pharmaceuticals
₹143.18 crFY 2024-25
+34%2024–2025
858LinkedIn · Oct 2026
14 yr2012
0none in 3 months

CDMO focused on manufacturing pharmaceutical formulations

Biopharma outsourcing
₹142.72 crFY 2024-25
+82%2024–2025
—Not available
20 yr2006
0none in 3 months

Pharmaceutical company specializing in manufacturing and distributing capsules, tablets, and liquid products

Traditional pharmaceuticals
₹107.81 crFY 2024-25
-23%2024–2025
70+10% 12 mo to Sep 2024LinkedIn · Jul 2026
38 yr1988
0none in 3 months

Manufacturer of pharmaceutical tablets and capsules

Biopharma outsourcing
₹98.66 crFY 2024-25
+7%2024–2025
7+36% 12 mo to Sep 2024LinkedIn · Jul 2026
32 yr1994
0none in 3 months

Distributor of diversified drugs

Pharmaceutical distributors
₹90.64 crFY 2024-25
+2%2024–2025
—Not available
19 yr2007
0none in 3 months

CDMO focused on manufacturing pharmaceuticals formulations

Biopharma outsourcing
₹88.52 crFY 2024-25
+75%2024–2025
46LinkedIn · Jul 2026
31 yr1995
0none in 3 months

Pharmaceutical company offering products

Biopharma outsourcing
₹69.08 crFY 2021-22
Not reported
50LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Manufacturer of aluminium foil for strip packaging of tablet and capsules

Biopharma outsourcing
₹76.96 crFY 2024-25
+3%2024–2025
13-8% 12 mo to Sep 2024LinkedIn · Oct 2026
20 yr2006
0none in 3 months

Provider of high-speed rewinding and slitting machines

Traditional life sciences platforms & tools
₹66.94 crFY 2024-25
+10%2024–2025
86-4% 12 mo to Mar 2022recorded Mar 2022
6 yr2020
0none in 3 months

Pharmaceutical company that manufactures and distributes generic and proprietary pharmaceutical products

Biopharma outsourcing
₹63.12 crFY 2024-25
+17%2024–2025
73LinkedIn · Oct 2026
17 yr2009
0none in 3 months

Manufacturer of medical diagnostic equipment for cardiology, urology, and neurology

Traditional medical devices
₹62.53 crFY 2024-25
-5%2024–2025
8-94% 12 mo to Apr 2021recorded Apr 2021
17 yr2009
0none in 3 months · last posted Jul 2026

CDMO focused on manufacturing pharmaceutical injectables

Biopharma outsourcing
₹55.79 crFY 2024-25
+146%2024–2025
47LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Manufacturer of pharmaceutical products including tablets, capsules, and dry syrups

Biopharma outsourcing
₹48.54 crFY 2024-25
+17%2024–2025
5LinkedIn · Jul 2026
22 yr2004
0none in 3 months

CDMO focused on manufacturing pharmaceutical formulations

Biopharma outsourcing
₹46.55 crFY 2024-25
+28%2024–2025
2LinkedIn · Oct 2026
7 yr2019
0none in 3 months

Manufacturer of pharmaceutical tablets

Traditional pharmaceuticals
₹36.24 crFY 2021-22
Not reported
—Not available
26 yr2000
0none in 3 months

CDMO focused on manufacturing pharmaceutical formulations

Biopharma outsourcing
₹25.21 crFY 2024-25
+383%2024–2025
16LinkedIn · Jul 2026
4 yr2022
0none in 3 months

Pharmaceutical company specializing in the formulation of dose inhalers and dry powder inhalation capsules

Traditional pharmaceuticals
₹23.38 crFY 2024-25
-6%2024–2025
3LinkedIn · Jul 2026
17 yr2009
0none in 3 months

Manufacturer of pharmaceutical tablets, capsules, sachets, ointments, and specialty products

Biopharma outsourcing
₹22.88 crFY 2024-25
+17%2024–2025
8LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Distributor of diversified drugs

Pharmaceutical distributors
₹22.80 crFY 2024-25
-21%2024–2025
19LinkedIn · Jul 2026
11 yr2015
0none in 3 months
42 of 134 companies shown here · the full list is on Radar
Fliar Radar

Explore all 134 healthcare companies in Himachal Pradesh on Radar

This page shows the top 42. Radar has the complete, filterable list with contacts and live company signals.

Open healthcare in Himachal Pradesh on Radar
  • Every company, not just 50All 134 healthcare companies in Himachal Pradesh, 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.
  • Save and exportBuild lists, compare companies side by side and export them from your Radar account.

Explore healthcare companies in Himachal Pradesh by what you are looking for

Browse top healthcare companies in Himachal Pradesh, including pharmaceutical manufacturers, hospitals and nutraceutical brands. You can also see healthcare startups in Himachal Pradesh and companies that are hiring.

7 ways to explore healthcare in Himachal Pradesh

Contract pharma manufacturers & CDMOsPharmaceutical manufacturers & generic drug makersPharmaceutical distributors & PCD pharma suppliersNutraceutical, ayurvedic & herbal product companiesHospitals, clinics & rehabilitation centresMedical device & equipment manufacturers

Contract pharma manufacturers & CDMOs

Third-party manufacturers of tablets, injectables and formulations for pharma brands.

  1. Theon Pharma

    Provider of pharmaceutical products

    Biopharma outsourcing
    See in list
  2. Pontika Aerotech

    Contract manufacturer of formulations

    Contract manufacturers
    See in list
  3. Alps Communication

    Third-party manufacturer of pharmaceutical tablets and suspensions

    Biopharma outsourcing
    See in list
  4. Symbiosis

    Provider of contract based nutraceuticals manufacturing services

    Biopharma outsourcing
    See in list
  5. Alventa Pharma

    CDMO focused on manufacturing pharmaceutical formulations

    Biopharma outsourcing
    See in list
24 companies in Himachal PradeshAll 1,415 biopharma outsourcing companies in India →

Pharmaceutical manufacturers & generic drug makers

Companies making medicines, generics and active pharmaceutical ingredients.

  1. Morepen Laboratories

    Manufacturer of active pharmaceutical ingredients, home diagnostics, over-the-counter, and generic medicines

    Traditional pharmaceuticals
    See in list
  2. Tirupati Medicare

    Manufacturer of pharmaceutical and nutraceutical products

    Alternative medicine products
    See in list
  3. Immacule

    Manufacturer of sterile injectable drugs, offering contract development and manufacturing services

    Traditional pharmaceuticals
    See in list
  4. Shiva Biogenetic Group

    Pharmaceutical company specializing in manufacturing and distributing capsules, tablets, and liquid products

    Traditional pharmaceuticals
    See in list
  5. Algen Healthcare

    Manufacturer of pharmaceutical tablets

    Traditional pharmaceuticals
    See in list
31 companies in Himachal PradeshAll 1,152 traditional pharmaceuticals companies in India →

Pharmaceutical distributors & PCD pharma suppliers

Distributors that supply medicines and healthcare products to retailers.

  1. Gnosis Pharmaceuticals

    Distributor of diversified drugs

    Pharmaceutical distributors
    See in list
  2. Saphnix Lifesciences Develped

    Provider of sustainable soil and plant health solutions

    Traditional pharmaceuticals
    Website
  3. BlueTech Healthcare

    Manufacturer of medical disposable products, including masks, and oxygen delivery devices

    Medical device distributors
    Website
  4. gmamandi

    Pharmaceutical distributor offering a range of products from various manufacturers

    Pharmaceutical distributors
    Website
  5. Vellinton Healthcare

    Manufacturer of injectable pharmaceutical products and PCD franchise provider

    Traditional pharmaceuticals
    Website
37 companies in Himachal PradeshAll 345 pharmaceutical distributors companies in India →

Nutraceutical, ayurvedic & herbal product companies

Makers of supplements, ayurvedic medicines and herbal healthcare products.

  1. Tirupati Medicare

    Manufacturer of pharmaceutical and nutraceutical products

    Alternative medicine products
    See in list
  2. Ayush herbs

    Provider of CNC machine tools, hand tools, and power tools

    Alternative medicine products
    See in list
  3. Baijnath Pharmaceuticals

    Provider of smart production services for film and video

    Traditional nutraceuticals
    See in list
  4. Ygeia

    Provider of plant based medicine

    Alternative medicine products
    See in list
  5. Muscle Essentials

    Provider of sports nutrition

    Traditional nutraceuticals
    Website
13 companies in Himachal PradeshAll 343 traditional nutraceuticals companies in India →

Hospitals, clinics & rehabilitation centres

Hospitals, rehabilitation, de-addiction and elder care providers.

  1. Bhanoo Hospital

    Standalone multi-speciality hospital

    Hospitals
    See in list
  2. Shree Balaji Super Speciality Hospital

    Provider of multispecialty healthcare services

    Hospitals
    Website
  3. Ehsaas Welfare Society

    Non-profit organization providing rehabilitation and support for individuals struggling with addiction

    Rehabilitation and long-term care
    Website
  4. Indian Neuro Care

    Standalone multispecialty hospital

    Hospitals
    Website
  5. Sabar Foundation

    Leading Nasha Mukti Kendra and Rehabilitation Centre in Himachal Pradesh

    Rehabilitation and long-term care
    Website
9 companies in Himachal PradeshAll 1,426 hospitals companies in India →

Medical device & equipment manufacturers

Manufacturers of diagnostic equipment, supplies and medical devices.

  1. Allengers Global Healthcare

    Manufacturer of medical diagnostic equipment for cardiology, urology, and neurology

    Traditional medical devices
    See in list
  2. Aurummedicare

    Manufacturer and supplier of medical devices, including adult diapers, IV cannula, disposable syringes, and other healthcare products

    Traditional medical devices
    Website
  3. Ideal Medical Devices

    Developer of residential, commercial, and mixed-use properties, providing property management

    Medical supplies and consumables
    Website
  4. Esteen Industries

    We are the organization that deals in Manufacturing & Exporting of laboratory, Medical & Scientific instruments.

    Manufacturing services
    Website
  5. Medipack Innovations

    Provider of high-speed rewinding and slitting machines

    Traditional life sciences platforms & tools
    See in list
6 companies in Himachal PradeshAll 344 traditional medical devices companies in India →

Healthcare startups in Himachal Pradesh

Recently founded healthcare companies in Himachal Pradesh.

  1. Eurocrit Labs

    CDMO focused on manufacturing pharmaceutical injectables

    Biopharma outsourcing
    See in list
  2. Sahika Pharmaceuticals

    Pharmaceutical manufacturing solution that includes customized formulation development

    Traditional pharmaceuticals
    See in list
  3. NDE Pharmaceutical

    Manufacturer of pharmaceutical formulations including tablets, capsules, syrups, and injections

    Traditional pharmaceuticals
    See in list
  4. Srvatra Pharma

    Distributor of diversified drugs

    Pharmaceutical distributors
    See in list
  5. AminoTech

    Company that offers yoga solutions

    Fitness and wellness centers
    Website
9 companies in Himachal Pradesh
The business behind the activity

Healthcare financials in Himachal Pradesh

Revenue, profit and growth from the filed annual accounts of 37 healthcare companies in Himachal Pradesh for FY24-25 — 42 of the 134 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 71% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹4,508.90 cr

37 companies filing accounts

combined net profit₹143.60 cr

3.2% aggregate margin

are profitable78%

29 of 37 companies

median revenue~₹30.7 cr

the typical company

median revenue growth+7%

into FY24-25

earned by the top five71%

revenue concentration

Six-year view

Combined revenue of filing companies

₹2,479.62 crFY19-2031 filers
₹3,117.25 crFY20-2133 filers
₹3,741.94 crFY21-2235 filers
₹3,616.50 crFY22-2336 filers
₹4,250.80 crFY23-2439 filers
₹4,508.90 crFY24-2537 filers

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

Like-for-like

The same 34 companies over three years

+24%
FY22-23₹3,500.89 cr₹86.35 cr net
FY23-24₹4,039.17 cr₹74.78 cr net
FY24-25₹4,339.37 cr₹134.72 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 cr520% profitable
₹1–10 cr862% profitable
₹10–100 cr16100% profitable
₹100–1,000 cr786% profitable
Over ₹1,000 cr1100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking11
0–20%16
20–50%2
50–100%3
Doubled+5

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

Profitability

Profit is concentrated at the top

29profitable
8loss-making
3.2%aggregate margin
1.6%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
Alpex PharmaALPEX PHARMA PRIVATE LIMITED+383%₹25.21 cr
Eurocrit LabsEUROCRIT LABS INTERNATIONAL PRIVATE LIMITED+146%₹55.79 cr
Dallas DrugsDALLAS DRUGS PRIVATE LIMITED
Alventa PharmaALVENTA PHARMA LIMITED+82%₹142.72 cr
Martin & Brown Bio-SciencesMARTIN & BROWN BIO-SCIENCES PRIVATE LIMITED+75%₹88.52 cr
Pontika AerotechPONTIKA AEROTECH LIMITED+61%₹319.49 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Precept PharmaPRECEPT PHARMA LIMITED22.4%₹23.38 cr
Allengers Global HealthcareALLENGERS GLOBAL HEALTHCARE PRIVATE LIMITED16.2%₹62.53 cr
Eurocrit LabsEUROCRIT LABS INTERNATIONAL PRIVATE LIMITED12.8%₹55.79 cr
Theon PharmaTHEON PHARMACEUTICALS LIMITED8.2%₹633.23 cr
Alps CommunicationALPS COMMUNICATION PRIVATE LIMITED8.2%₹313.19 cr
Onyx BiotecONYX BIOTEC LIMITED7.8%₹63.12 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Traditional pharmaceuticals7₹1,751.29 cr~₹23.4 cr86%6.1%
Biopharma outsourcing15₹1,615.10 cr~₹55.8 cr100%6.2%
Leaders

Largest healthcare companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Morepen LaboratoriesMOREPEN LABORATORIES LIMITED₹1,570.25 cr₹101.58 cr6.5%+1%
Theon PharmaTHEON PHARMACEUTICALS LIMITED₹633.23 cr₹52.18 cr8.2%+4%
Tirupati MedicareTIRUPATI MEDICARE LIMITED₹352.59 cr−₹89.32 cr-25.3%-2%
Pontika AerotechPONTIKA AEROTECH LIMITED₹319.49 cr₹3.71 cr1.2%+61%
Alps CommunicationALPS COMMUNICATION PRIVATE LIMITED₹313.19 cr₹25.56 cr8.2%+16%
Marc LaboratoriesMARC LABORATORIES LIMITED₹202.58 cr4.5%+12%
Alventa PharmaALVENTA PHARMA LIMITED₹142.72 cr₹2.04 cr1.4%+82%
Shiva Biogenetic GroupSHIVA BIOGENETIC PHARMACEUTICALS PRIVATE LIMITED₹107.81 cr₹1.39 cr1.3%-23%
Lifecare Neuro ProductsLifecare Neuro Products Limited₹98.66 cr₹2.82 cr2.9%+7%
Gnosis PharmaceuticalsGNOSIS PHARMACEUTICALS PRIVATE LIMITED₹90.64 cr₹31.46 lakh0.3%+2%
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 Himachal Pradesh 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, India414

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

382Acquisition
29Merger
2Completed

Most active acquirers

  1. Torrent pharmaceuticals28
  2. Sun pharmaceutical industries10
  3. Metropolis healthcare10
  4. Biocon9
  5. Mankind pharma9

Most acquired or merged

  1. Sahyadri hospitals10
  2. Novartis india7
  3. Schott poonawalla7
  4. La Renon Healthcare6
  5. Medley4

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

Founders and momentum in Himachal Pradesh

Meet the people behind healthcare companies in Himachal Pradesh. 37 of 134 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Himachal Pradesh healthcare companies by sub-sector

The most common specialisations among healthcare companies in Himachal Pradesh. 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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