Company lists
The India edition · 2026

Healthcarecompanies in India

Hospitals, pharma, clinics, diagnostics, medical devices and more: the companies building healthcare in India, with their founders, funding, team size and business models.

16,762 company profiles5,691 with reported revenue438 with recorded fundingSeptember 2026 edition
India · Photo: Wikimedia Commons (CC BY-SA 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: 424 M&A deals · 112 funding rounds · 105 Contracts · 27 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

M&AAcquisition · Announced

True north acquires Embio

According to reports, True North invested about INR 478 crores to acquire a 25 percent stake in Embio.

Pharmaceuticals
M&AAcquisition · Announced

Skymap pharmaceuticals acquires Indian Medicines Pharmaceutical Corporation Ltd

The Indian government has officially approved the acquisition of Indian Medicines Pharmaceutical Corporation Ltd (IMPCL) by Skymap Pharmaceuticals Pvt Ltd for ₹121 crore.

Pharmaceuticals
FundingSecondary

Marengo asia healthcare

Marengo Asia Healthcare, the hospital platform backed by Samara Capital and the family offices of the Havells and Godrej groups, is seeking to raise ₹400-500 crore, with LeapFrog…

Healthcare
M&AAcquisition · Announced

Marksans pharma acquires Qliniq

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

Pharmaceutical
M&AAcquisition · Announced

Zydus lifesciences acquires Assertio

Paul, Weiss is advising Zydus Lifesciences Limited, an India-based global life sciences company, its acquisition of a U.S.-based pharmaceutical company focused on specialty and…

Pharmaceutical
M&AAcquisition · Announced

Torrent pharma acquires JB Chemicals & Pharma (JBCP)

The acquisition of JB Chemicals & Pharma (JBCP) appears strategically compelling, making it the 5th largest player in the domestic pharma market.

Pharma
M&AAcquisition · Announced

Anupam Rasayan India acquires Bliss gvs pharma

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

Pharmaceutical formulations
M&AMerger · Announced

Apollo health and lifestyle limited acquires Kids Clinic India Limited

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

Healthcare
M&AAcquisition · Completed

Singularity Equity Fund 1 acquires Hemant Surgical Industries

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

Medical consumables and surgical products
M&AAcquisition · Announced

Orchid pharma acquires Allecra

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

Pharmaceuticals
M&AAcquisition · Announced

Niraj Rajnikant Shah acquires Speciality Medicines

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

Pharmaceutical
M&AAcquisition · Completed

Sunways acquires Indoco remedies

Indoco Remedies has successfully completed the transfer of its ophthalmic business division to Sunways (India) Private Limited. This strategic move, finalised on May 18, 2026, involves…

Pharmaceuticals
M&AAcquisition · Completed

Max Healthcare Institute acquires Kalinga hospital

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

Healthcare
M&AAcquisition · Announced

Zydus lifesciences acquires Assertio Holdings

Zydus Lifesciences will acquire US-based Assertio Holdings in an all-cash transaction valued at around $166.4 million, as the Indian drugmaker steps up its presence in specialty…

Pharmaceutical
M&AAcquisition · Terminated

Vasa Denticity Limited acquires IDS Denmed

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

Dental/Business
M&AAcquisition · Announced

Sun pharmaceutical industries acquires Organon

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

Pharmaceutical
Contract

Sun pharma · client: Organon

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

M&AAcquisition · Completed

Piramal Pharma acquires Kenalog

Piramal Pharma recently completed the Kenalog acquisition

Pharmaceutical
FundingStrategic investment

Rivarp medical

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

Investors Futura Medtech
Medical devices
FundingFollow-on investment

Baby memorial hospital

It increased its investment by ₹1,261 crore in the hospital in September last year before the latest funding round, the documents showed.

Investors Kkr
Healthcare
M&AAcquisition · Announced

Organon acquires Sun pharma

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

M&AAcquisition · Announced

Gujarat themis biosyn acquires Sanofi

Introduction Shares of Gujarat Themis Biosyn Ltd surged sharply after the company announced a major acquisition deal with Sanofi.

Pharmaceuticals
LaunchSynchronous Motors Market Size 2026 Report

Datam intelligence

DataM Intelligence has unveiled its latest report on the 'Synchronous Motors Market Size 2026' delivering powerful insights into key trends, future growth opportunities, and evolving…

Report
M&AAcquisition · Announced

Corona remedies acquires Dr. reddy's laboratories

Corona Remedies announced the acquisition of the Wokadine brand from Dr. Reddy's Laboratories to strengthen its presence in targeted specialty segment and offer wider accessibility.

Pharmaceuticals
M&AAcquisition · Announced

Corona remedies acquires Wokadine

Corona Remedies announced the acquisition of the Wokadine brand from Dr. Reddy's Laboratories to strengthen its presence in targeted specialty segment and offer wider accessibility.

Pharmaceuticals
ContractService

Aurobindo pharma · client: Msd

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

FundingSeed

Last Mile Care

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

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

Rubicon research acquires Arinna lifesciences

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

Pharmaceutical
M&AAcquisition · Completed

Carlyle acquires Knack global

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

ContractSupply

Panacea biotec · client: Central Medical Services Society (CMSS)

Panacea Biotec has announced the receipt of a Letter of Award from the Central Medical Services Society (CMSS), under the Ministry of Health and Family Welfare, Government of India. The…

Healthcare

Healthcare companies in India, by revenue

Browse healthcare companies in India 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 5,691 healthcare companies in India 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

Manufacturer of medical imaging, diagnostic, pharmaceutical imaging agents, and monitoring equipment

Imaging diagnostics
US$20.62bnDec 2025
+5%2024–2025
346recorded
36 yr1990
0none in 3 months

Developer of scientifically formulated pain relief products

Pharmaceutical product websites
₹54,543.48 crFY 2024-25
+9%2024–2025
—Not available
32 yr1994
0none in 3 months

Specialty generic pharmaceutical company manufactures and sells pharmaceutical formulations and APIs

Traditional pharmaceuticals
₹49,851.04 crFY 2023-24
Not reported
20,810+1% 12 mo to Jul 2024recorded Jul 2024
43 yr1983
61postings · last posted Sep 2026

Provider of a range of family healthcare products

Traditional medical devices
₹36,059.18 crFY 2021-22
Not reported
3,774LinkedIn · Jul 2026
60 yr1966
0none in 3 months · last posted Jun 2026

Multinational pharmaceutical company that develops and manufactures innovative and medicines to improve patient health

Traditional pharmaceuticals
₹33,741.20 crFY 2024-25
+17%2024–2025
32,580-12% 12 mo to Mar 2024LinkedIn · Jul 2026
42 yr1984
0none in 3 months

Provider of generic biocatalytic solutions

Traditional pharmaceuticals
₹32,345.58 crFY 2024-25
+9%2024–2025
15,139+11% 12 mo to Mar 2024LinkedIn · Jul 2026
40 yr1986
2postings · last posted Sep 2026

Company focusing on consumer healthcare products

Traditional nutraceuticals
₹28,409.49 crFY 2024-25
+7%2024–2025
2,258+20% vs previous recordLinkedIn · Jul 2026
11 yr2015
0none in 3 months

Manufacturer of APIs, generic drugs, and formulation development services

Traditional pharmaceuticals
₹26,520.66 crFY 2023-24
Not reported
702-1% 12 mo to Dec 2022recorded Dec 2022
91 yr1935
19postings · last posted Sep 2026

Chain of multispecialty hospitals

Hospital chains
₹21,994.30 crFY 2024-25
+15%2024–2025
19,619+8% 12 mo to Mar 2024recorded Mar 2024
43 yr1983
0none in 3 months

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

Manufacturer of complex generics, biosimilars, specialty, OTC, and API drugs

Traditional pharmaceuticals
₹16,547.17 crFY 2021-22
Not reported
22,210+2399% vs previous recordLinkedIn · Jul 2026
58 yr1968
45postings · last posted Sep 2026

Chain of pathology laboratory centers

Clinical laboratory chains
₹16,715.02 crFY 2022-23
Not reported
395+53% vs previous recordrecorded
5 yr2021
3postings · last posted Sep 2026

Manufacturer of inhalation anesthesia products

Traditional pharmaceuticals
₹14,713.41 crFY 2021-22
Not reported
341+15% vs previous recordLinkedIn · Jul 2026
32 yr1994
1postings · last posted Aug 2026

Manufacturer of active pharmaceutical ingredients, generics, biosimilars, and custom pharmaceutical services

Traditional pharmaceuticals
₹16,536.50 crFY 2024-25
+13%2024–2025
8,739LinkedIn · Jul 2026
33 yr1993
30postings · last posted Sep 2026

Manufacturer and development of pharmaceutical generics, formulations, and nutraceuticals

Traditional pharmaceuticals
₹12,978.42 crFY 2023-24
Not reported
16,426-16% vs previous recordLinkedIn · Jul 2026
53 yr1973
7postings · last posted Sep 2026

Pharmaceutical distributor of temperature-sensitive medicines

Pharmaceutical distributors
₹13,053.49 crFY 2024-25
+19%2024–2025
106-32% 12 mo to Jul 2024LinkedIn · Jul 2026
26 yr2000
0none in 3 months

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

Diversified pharmaceuticals
₹12,653.09 crFY 2023-24
Not reported
15,526+9% 12 mo to Mar 2024LinkedIn · Jul 2026
49 yr1977
25postings · last posted Sep 2026

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

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 of active pharmaceutical ingredients

Traditional pharmaceuticals
₹9,712.00 crFY 2024-25
+19%2024–2025
3,555+3% 12 mo to Nov 2023LinkedIn · Jul 2026
36 yr1990
0none in 3 months

Multinational conglomerate with diverse interests in Pharma, Financial Services and Real Estate

Biopharma outsourcing
₹9,086.74 crFY 2022-23
Not reported
100-54% vs previous recordrecorded
42 yr1984
—No postings tracked

Developer and manufacturer of pharmaceutical products

Traditional pharmaceuticals
₹8,256.23 crFY 2021-22
Not reported
19,464+8% 12 mo to Feb 2024recorded Feb 2024
40 yr1986
0none in 3 months

Contract manufacturer of pharmaceutical products

Biopharma outsourcing
₹9,285.99 crFY 2024-25
+11%2024–2025
1,017+29% 12 mo to Sep 2024recorded Sep 2024
38 yr1988
0none in 3 months · last posted Apr 2026
50 of 16,762 companies shown here · the full list is on Radar
Fliar Radar

Explore all 16,762 healthcare companies in India on Radar

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

Open healthcare in India on Radar
  • Every company, not just 50All 16,762 healthcare companies in India, 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 India by what you are looking for

Browse the top healthcare companies in India, from hospitals and clinics to pharma makers and medical device firms. Find healthcare startups in India and listed healthcare companies by category.

9 ways to explore healthcare in India

Hospitals & hospital chains in IndiaPharmaceutical & biopharma companiesClinics & clinic chainsDiagnostic labs & pathology companiesMedical device & equipment companiesHome healthcare, Ayurveda & wellness companies

Hospitals & hospital chains in India

Multispecialty and single specialty hospitals and hospital groups.

  1. Apollo Hospitals

    Chain of multispecialty hospitals

    Hospital chains
    See in list
  2. Max Healthcare

    Chain of multispeciality hospitals

    Hospital chains
    See in list
  3. Narayana Health

    Chain of multi speciality hospitals

    Hospital chains
    See in list
  4. Aster DM Healthcare India

    Chains providing healthcare services, pharmacies, labs, and digital health solutions

    Hospitals
    See in list
  5. Soni Hospital

    Provider of multispecialty hospital services

    Hospitals
    Website

Pharmaceutical & biopharma companies

Drug makers, generic manufacturers and contract development and manufacturing firms.

  1. RELIANCE

    Reliance

    Traditional pharmaceuticals
    See in list
  2. Sun Pharma

    Specialty generic pharmaceutical company manufactures and sells pharmaceutical formulations and APIs

    Traditional pharmaceuticals
    See in list
  3. Dr. Reddy's Laboratories

    Multinational pharmaceutical company that develops and manufactures innovative and medicines to improve patient health

    Traditional pharmaceuticals
    See in list
  4. Aurobindo Pharma

    Provider of generic biocatalytic solutions

    Traditional pharmaceuticals
    See in list
  5. Cipla

    Manufacturer of APIs, generic drugs, and formulation development services

    Traditional pharmaceuticals
    See in list

Clinics & clinic chains

Specialty and general clinics, including fertility, dental and skin care chains.

  1. NephroPlus

    Provider of dialysis services and training

    Clinic chains
    Website
  2. Sandur Power

    Standalone general clinic

    Clinics
    Website
  3. Orthopaedic Hospital

    Provider of arthroscopic and replacement surgeries for shoulder, elbow, and wrist

    Clinics
    Website
  4. Clove Dental

    Chain of dental care clinics

    Clinic chains
    Website
  5. MOC

    Clinic chains providing oncology and hematology healthcare services

    Clinic chains
    Website

Diagnostic labs & pathology companies

Clinical laboratories and diagnostic chains offering tests and imaging.

  1. Lupin Diagnostics

    Chain of pathology laboratory centers

    Clinical laboratory chains
    See in list
  2. Dr Lal PathLabs

    Chain of pathology and radiology labs

    Clinical laboratory chains
    Website
  3. Transasia Bio-medicals

    India's Leading In-vitro Diagnostic Company

    Diversified medical devices
    Website
  4. Agilus Diagnostics

    Diagnostic chain providing quality blood test and full body checkup services

    Clinical laboratory chains
    Website
  5. Metropolis India

    Chain of diagnostic centers

    Clinical laboratory chains
    Website

Medical device & equipment companies

Manufacturers and distributors of medical devices, equipment and surgical supplies.

  1. HLL Lifecare

    Provider of a range of family healthcare products

    Traditional medical devices
    See in list
  2. Micro Life Sciences

    Manufacturer and supplier of medical devices

    Medical device outsourcing
    See in list
  3. HMD Healthcare

    Provider of traditional medical devices

    Traditional medical devices
    Website
  4. Allengers

    Manufacturers and exporters of medical diagnostic equipment

    Traditional medical devices
    Website
  5. Olympus Medical

    Medical technology company focused on providing innovative medical solutions

    Traditional medical devices
    Website

Home healthcare, Ayurveda & wellness companies

Home nursing, rehabilitation, alternative medicine and fitness businesses.

  1. Dabur

    Manufacturer of ayurvedic medicine and natural consumer products

    Alternative medicine products
    See in list
  2. Sanofi India

    Manufacturer of drugs for multiple therapeutic areas

    Traditional pharmaceuticals
    Website
  3. Tirupati Medicare

    Manufacturer of pharmaceutical and nutraceutical products

    Alternative medicine products
    Website
  4. Shalby

    Provider of home nursing care services

    Home healthcare
    Website
  5. Fourrts Laboratories

    Manufacture and marketing of finished nutraceutical supplements

    Traditional nutraceuticals
    Website

Healthcare startups in India

Recently founded healthcare and health technology companies.

  1. Matrix Pharmacorp

    Manufacturer of active pharmaceutical ingredients for various therapeutic categories

    Traditional pharmaceuticals
    See in list
  2. Jubilant Ingrevia

    Provider of solutions for health and nutrition

    Biopharma outsourcing
    See in list
  3. Humbing Ethicals

    Pharmaceutical company specializes in the manufacture and supply of a variety of medicinal products

    Traditional pharmaceuticals
    Website
  4. Zenex Animal Health

    Manufacturer of veterinary drugs

    Veterinary health products
    Website
  5. Sai Sridhar Pharma

    Pharmaceutical distributor company

    Pharmaceutical distributors
    Website
1806 companies in India

Healthcare companies hiring in India

Healthcare companies with open roles right now.

  1. RELIANCE

    Reliance

    Traditional pharmaceuticals
    See in list
  2. Sun Pharma

    Specialty generic pharmaceutical company manufactures and sells pharmaceutical formulations and APIs

    Traditional pharmaceuticals
    See in list
  3. HLL Lifecare

    Provider of a range of family healthcare products

    Traditional medical devices
    See in list
  4. Aurobindo Pharma

    Provider of generic biocatalytic solutions

    Traditional pharmaceuticals
    See in list
  5. Cipla

    Manufacturer of APIs, generic drugs, and formulation development services

    Traditional pharmaceuticals
    See in list
49 companies in India

Listed healthcare companies in India

Publicly listed healthcare, hospital and pharma companies.

  1. Sun Pharma

    Specialty generic pharmaceutical company manufactures and sells pharmaceutical formulations and APIs

    Traditional pharmaceuticals
    See in list
  2. Dr. Reddy's Laboratories

    Multinational pharmaceutical company that develops and manufactures innovative and medicines to improve patient health

    Traditional pharmaceuticals
    See in list
  3. Aurobindo Pharma

    Provider of generic biocatalytic solutions

    Traditional pharmaceuticals
    See in list
  4. Cipla

    Manufacturer of APIs, generic drugs, and formulation development services

    Traditional pharmaceuticals
    See in list
  5. Apollo Hospitals

    Chain of multispecialty hospitals

    Hospital chains
    See in list
246 companies in India
Mobile reach

Top 10 healthcare apps from India

The most-installed Android apps published by healthcare companies headquartered in India — 74.0M installs between them. 490 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

cult.fit Gym Workout & Fitness

by Cult.fit

Installs16.3M
Rating4.53141K ratings
Installs, year on year+13%
Last updatedMay 2026
View on Google Play ↗
cult.fit Gym Workout & Fitness screenshot 1cult.fit Gym Workout & Fitness screenshot 2cult.fit Gym Workout & Fitness screenshot 3cult.fit Gym Workout & Fitness screenshot 4cult.fit Gym Workout & Fitness screenshot 5cult.fit Gym Workout & Fitness screenshot 6
5

Redcliffe Labs - Blood Test

by Redcliffe Labs

Installs3.9M
Rating4.7324K ratings
Installs, year on year+89%
Last updatedJun 2026
View on Google Play ↗
Redcliffe Labs - Blood Test screenshot 1Redcliffe Labs - Blood Test screenshot 2Redcliffe Labs - Blood Test screenshot 3Redcliffe Labs - Blood Test screenshot 4Redcliffe Labs - Blood Test screenshot 5Redcliffe Labs - Blood Test screenshot 6
7

Wellness Forever

by Wellness Forever

Installs3.0M
Rating3.417K ratings
Last updatedApr 2026
View on Google Play ↗
Wellness Forever screenshot 1Wellness Forever screenshot 2Wellness Forever screenshot 3Wellness Forever screenshot 4Wellness Forever screenshot 5Wellness Forever screenshot 6
8

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
9

GNC India

by GNC

Installs2.0M
Rating3.06K ratings
Installs, year on year+79%
Last updatedJun 2026
View on Google Play ↗
GNC India screenshot 1GNC India screenshot 2GNC India screenshot 3GNC India screenshot 4GNC India screenshot 5GNC India screenshot 6
10

Zeno Health

by Zeno Health

Installs1.9M
Rating5.08K ratings
Installs, year on year+34%
Last updatedApr 2026
View on Google Play ↗
Zeno Health screenshot 1Zeno Health screenshot 2Zeno Health screenshot 3
The business behind the activity

Healthcare financials in India

Revenue, profit and growth from the filed annual accounts of 5195 healthcare companies in India for FY24-25 — 6,163 of the 16,762 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 51% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹1,233,799.29 cr

5195 companies filing accounts

combined net profit₹125,081.41 cr

10.1% aggregate margin

are profitable77%

4006 of 5195 companies

median revenue~₹15.2 cr

the typical company

median revenue growth+10%

into FY24-25

earned by the top five51%

revenue concentration

Six-year view

Combined revenue of filing companies

₹758,327.06 crFY19-204561 filers
₹726,699.41 crFY20-214859 filers
₹1,033,540.81 crFY21-225128 filers
₹1,144,970.64 crFY22-235293 filers
₹649,640.84 crFY23-245406 filers
₹1,233,799.29 crFY24-255195 filers

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

Like-for-like

The same 4732 companies over three years

+21%
FY22-23₹549,265.94 cr₹53,372.78 cr net
FY23-24₹614,259.92 cr₹75,274.82 cr net
FY24-25₹666,615.87 cr₹89,050.51 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 cr81043% profitable
₹1–10 cr137173% profitable
₹10–100 cr220687% profitable
₹100–1,000 cr70389% profitable
Over ₹1,000 cr10596% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking1505
0–20%1851
20–50%894
50–100%401
Doubled+367

5018 companies with accounts for both years; median growth +10%.

Profitability

Profit is concentrated at the top

4006profitable
1181loss-making
10.1%aggregate margin
2.6%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
Wadia HospitalsNational Peroxide Limited₹20.14 cr
Aayush HospitalsAAYUSH GROUP OF HOSPITALS PRIVATE LIMITED
Bizotic LifescienceBIZOTIC LIFESCIENCE PRIVATE LIMITED
OneSourceONESOURCE SPECIALTY PHARMA LIMITED
Sentini HospitalsSENTINI HEALTHCARE INDIA PRIVATE LIMITED+633%
Trimurthi drugs and pharmaceuticalsNOVELIX PHARMACEUTICALS LIMITED+578%₹30.73 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Strides Pharma ScienceSTRIDES PHARMA SCIENCE LIMITED₹2,185.61 cr
Santhosh HospitalSANTOSH HOSPITALS PRIVATE LIMITED
S.K. Jain TradingS K JAIN TRADING PRIVATE LIMITED
Aster DM Healthcare IndiaAster Dm Healthcare Limited
AquacentricAQUA CENTRIC PRIVATE LIMITED64.4%₹30.93 cr
MedicoverMEDICOVER HEALTHCARE PRIVATE LIMITED57.4%₹40.52 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Traditional pharmaceuticals713₹787,554.58 cr~₹26.4 cr84%9.3%
Biopharma outsourcing1032₹109,850.30 cr~₹18.9 cr78%9.2%
Diversified pharmaceuticals165₹55,891.73 cr~₹34.6 cr79%18.5%
Hospitals568₹52,935.07 cr~₹22.3 cr86%20.0%
Hospital chains167₹31,223.49 cr~₹44.5 cr75%8.3%
Traditional nutraceuticals128₹29,701.82 cr~₹16.3 cr80%20.4%
Pharmaceutical distributors261₹21,705.71 cr~₹22.8 cr84%2.8%
Alternative medicine products139₹14,784.13 cr~₹4.3 cr68%11.9%
Leaders

Largest healthcare companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
RELIANCEReliance Industries Limited₹548,886.00 cr₹35,262.00 cr6.4%—
Dr. Reddy's Laboratories, Dr. Reddy’s LaboratoriesDR.REDDY'S LABORATORIES LTD₹24,118.80 cr₹5,349.40 cr22.2%+19%
VoliniSUN PHARMACEUTICAL INDUSTRIES LIMITED₹23,372.76 cr₹4,282.62 cr18.3%+13%
Cipla HealthCipla Limited₹20,029.57 cr₹5,157.65 cr25.8%+14%
Sun PharmaSUN PHARMA DISTRIBUTORS LIMITED₹16,887.34 cr₹317.19 cr1.9%+13%
Zydus LifesciencesZYDUS LIFESCIENCES LIMITED₹15,812.50 cr₹5,774.90 cr36.5%+33%
HeteroHETERO LABS LIMITED₹11,939.44 cr₹1,109.93 cr9.3%+11%
Aurobindo PharmaAUROBINDO PHARMA LTD₹11,261.42 cr₹1,746.79 cr15.5%-0%
Mankind PharmaMANKIND PHARMA LIMITED₹9,991.01 cr₹1,945.48 cr19.5%+12%
Glenmark PharmaceuticalsGLENMARK PHARMACEUTICALS LIMITED₹9,582.77 cr₹1,610.35 cr16.8%+6%
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

Accounting and Tax Software Industry Landscape of India

The financials above are one chapter. The full healthcare landscape of India 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 India
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 India 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, India424

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

390Acquisition
31Merger
2Completed

Most active acquirers

  1. Torrent pharma28
  2. Sun pharmaceutical industries10
  3. Metropolis healthcare10
  4. Zydus lifesciences9
  5. Biocon9

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.

Healthcare funding in India

438 healthcare companies in India have recorded equity funding, US$9.12bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in India

Meet the people behind healthcare companies in India. 5,719 of 16,762 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore India healthcare companies by sub-sector

The most common specialisations among healthcare companies in India. 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.

Coming soon