Company lists
The Solan edition · 2026

Healthcarecompanies in Solan

Contract pharma, pharmaceutical makers, medical devices, nutraceuticals & herbal, startups and more: the companies building healthcare in Solan, with their founders, funding, team size and business models.

65 company profiles18 with reported revenue1 with recorded fundingOctober 2026 edition

Recent healthcare business events in India

Funding, M&A, contract wins and launches involving 20,519 healthcare companies in India, last 24 months: 405 M&A deals · 108 funding rounds · 103 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…

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 · 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 · 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

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
FundingInitial investment

Baby memorial hospital

KKR had initially invested ₹2,100 crore in Baby Memorial Hospital in July 2024 to create a platform of hospitals in southern India.

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 Solan, by funding and team

Few healthcare companies in Solan publish revenue, so this list compares what is on record instead: recorded equity funding, team size, revenue model, age and stage. The 50 companies below lead on recorded funding and team size among 65 active companies.

Showing 25 of 50

Animal health product development company

Veterinary medical retailers and distributors
US$6.44mSeries A · Apr 2017
1LinkedIn · Jul 2026
E-commerce - product / Physical commerce
11 yr2015
0none in 3 months

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

Traditional pharmaceuticals
—None recorded
1,101-7% 12 mo to Feb 2024LinkedIn · Oct 2026
Physical commerce
42 yr1984
2postings · last posted Oct 2026

Provider of sports nutrition

Traditional nutraceuticals
—None recorded
1,036-1% 12 mo to Sep 2024recorded Sep 2024
E-commerce - product
9 yr2017
0none in 3 months

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

Diversified pharmaceuticals
—None recorded
267LinkedIn · Oct 2026
E-commerce - product / Physical commerce
40 yr1986
0none in 3 months

Provider of pharmaceutical products

Biopharma outsourcing
—None recorded
624+13% 12 mo to Aug 2024recorded Aug 2024
Physical commerce
29 yr1997
0none in 3 months

Manufacturer of injectable pharmaceutical solutions and research-driven therapeutics

Traditional pharmaceuticals
—None recorded
7+15% 12 mo to Sep 2024LinkedIn · Jul 2026
Advertising / Commission on transaction
17 yr2009
0none in 3 months

Manufacturer of pharmaceutical tablets and capsules

Biopharma outsourcing
—None recorded
7+36% 12 mo to Sep 2024LinkedIn · Jul 2026
E-commerce - product / Physical commerce
32 yr1994
0none in 3 months

Provider of contract based drugs development and packaging services

Biopharma outsourcing
—None recorded
175recorded
E-commerce - product / Physical commerce
19 yr2007
1postings · last posted Aug 2026

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

Traditional pharmaceuticals
—None recorded
70+10% 12 mo to Sep 2024LinkedIn · Jul 2026
E-commerce - product / Physical commerce
38 yr1988
0none in 3 months

Pharmaceutical manufacturing company providing a range of products and services

Traditional pharmaceuticals
—None recorded
13+78% 12 mo to Sep 2024LinkedIn · Jul 2026
E-commerce - product / Physical commerce
14 yr2012
0none in 3 months

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

Traditional medical devices
—None recorded
8-94% 12 mo to Apr 2021recorded Apr 2021
E-commerce - product
17 yr2009
0none in 3 months · last posted Jul 2026

CDMO focused on manufacturing pharmaceuticals formulations

Biopharma outsourcing
—None recorded
46LinkedIn · Jul 2026
E-commerce - product / Physical commerce
31 yr1995
0none in 3 months

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

Biopharma outsourcing
—None recorded
5LinkedIn · Jul 2026
E-commerce - product / Physical commerce
22 yr2004
0none in 3 months

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

Biopharma outsourcing
—None recorded
8LinkedIn · Jul 2026
E-commerce - product / Physical commerce
8 yr2018
0none in 3 months

Pharmaceutical manufacturing company with a focus on serving the healthcare industry

Biopharma outsourcing
—None recorded
—Not available
E-commerce - product / Physical commerce
21 yr2005
0none in 3 months

Manufacturer of tablets, capsules, syrup, ointments, & injectables

Biopharma outsourcing
—None recorded
—Not available
E-commerce - product
16 yr2010
0none in 3 months

Manufacturer of drugs

Traditional pharmaceuticals
—None recorded
19LinkedIn · Jul 2026
Advertising / Commission on transaction
15 yr2011
0none in 3 months

Manufactures ayurvedic and herbals products

Alternative medicine products
—None recorded
9LinkedIn · Jul 2026
E-commerce - product / Physical commerce
37 yr1989
0none in 3 months

Manufacturer of cosmetics products

Contract manufacturers
—None recorded
—Not available
E-commerce - product / Physical commerce
13 yr2013
—No postings tracked

Manufacturer of pharmaceutical, nutraceutical, and ayurvedic formulations

Traditional nutraceuticals
—None recorded
47LinkedIn · Jul 2026
E-commerce - product / Physical commerce
20 yr2006
—No postings tracked

Manufacturer of generic finished formulations

Traditional pharmaceuticals
—None recorded
8LinkedIn · Jul 2026
E-commerce - product / Physical commerce
18 yr2008
—No postings tracked

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

Traditional medical devices
—None recorded
—Not available
E-commerce - product / Physical commerce
2 yr2024
—No postings tracked

Manufacturer of pharmaceutical capsules, tablets, injections, and vitamin supplements

Traditional pharmaceuticals
—None recorded
—Not available
E-commerce - product / Physical commerce
12 yr2014
0none in 3 months

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

Traditional pharmaceuticals
—None recorded
3LinkedIn · Jul 2026
E-commerce - product / Physical commerce
17 yr2009
0none in 3 months

Pharmaceutical manufacturing company specializing in the production of medicines

Biopharma outsourcing
—None recorded
30LinkedIn · Jul 2026
E-commerce - product / Physical commerce
6 yr2020
0none in 3 months
50 of 65 companies shown here · the full list is on Radar
Fliar Radar

Explore all 65 healthcare companies in Solan on Radar

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

Open healthcare in Solan on Radar
  • Every company, not just 50All 65 healthcare companies in Solan, 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 Solan by what you are looking for

Discover the top healthcare companies in Solan, led by pharmaceutical manufacturers and contract drug makers. You can also look at healthcare startups in Solan and healthcare companies hiring in the area.

6 ways to explore healthcare in Solan

Contract pharma manufacturers (CDMO)Pharmaceutical & generic drug manufacturersMedical device & equipment manufacturersNutraceutical, herbal & ayurvedic product makersHealthcare startups in SolanHealthcare companies hiring in Solan

Contract pharma manufacturers (CDMO)

Contract development and manufacturing companies making pharmaceutical formulations for other brands.

  1. Theon Pharma

    Provider of pharmaceutical products

    Biopharma outsourcing
    See in list
  2. Alventa Pharma

    CDMO focused on manufacturing pharmaceutical formulations

    Biopharma outsourcing
    See in list
  3. Lifecare Neuro Products

    Manufacturer of pharmaceutical tablets and capsules

    Biopharma outsourcing
    See in list
  4. Onyx Biotec

    Pharmaceutical company that manufactures and distributes generic and proprietary pharmaceutical products

    Biopharma outsourcing
    See in list
  5. Xenone Healthcare

    Pharmaceutical company that manufactures and exports injectable, nasal spray, syrup, dry syrup, tablet, and capsule products

    Biopharma outsourcing
    See in list

Pharmaceutical & generic drug manufacturers

Makers of tablets, capsules, injectables, 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. Shiva Biogenetic Group

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

    Traditional pharmaceuticals
    See in list
  3. Precept Pharma

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

    Traditional pharmaceuticals
    See in list
  4. NDE Pharmaceutical

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

    Traditional pharmaceuticals
    See in list
  5. Arion Healthcare

    Manufacturer of pharmaceutical products for multiple therapeutic areas

    Diversified pharmaceuticals
    See in list

Medical device & equipment manufacturers

Manufacturers of diagnostic equipment, medical devices and lab instruments.

  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
    See in list
  3. Esteen Industries

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

    Manufacturing services
    Website

Nutraceutical, herbal & ayurvedic product makers

Companies making supplements, sports nutrition and ayurvedic or herbal products.

  1. Muscle Essentials

    Provider of sports nutrition

    Traditional nutraceuticals
    See in list
  2. Indian Herbal Remedies

    Manufactures ayurvedic and herbals products

    Alternative medicine products
    See in list
  3. Elegant India Overseas

    Manufacturer of cosmetics products

    Contract manufacturers
    See in list
  4. Roseate Medicare

    Manufacturer of pharmaceutical, nutraceutical, and ayurvedic formulations

    Traditional nutraceuticals
    See in list
  5. Skyline Vet Pharma

    Animal health product development company

    Veterinary medical retailers and distributors
    See in list

Healthcare startups in Solan

Newer healthcare companies founded in recent years in Solan.

  1. NDE Pharmaceutical

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

    Traditional pharmaceuticals
    See in list
  2. Srvatra Pharma

    Distributor of diversified drugs

    Pharmaceutical distributors
    See in list
  3. Aurummedicare

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

    Traditional medical devices
    See in list
  4. Intelico Pharmaceuticals

    Pharmaceutical contract manufacturing company, offering a wide range of prescription and over-the-counter products, including injectables, tablets, capsules, and drops

    Biopharma outsourcing
    See in list
  5. I Smith

    Manufacturer of ophthalmic pharmaceutical products

    Traditional pharmaceuticals
    Website
5 companies in Solan

Healthcare companies hiring in Solan

Healthcare employers in Solan with open jobs right now.

  1. Morepen Laboratories

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

    Traditional pharmaceuticals
    See in list
  2. Allengers Global Healthcare

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

    Traditional medical devices
    See in list
  3. Ultra Drugs

    Provider of contract based drugs development and packaging services

    Biopharma outsourcing
    See in list
  4. Allrite Group

    Global CDMO operating a state-of-the-art, six-block manufacturing campus

    Biopharma outsourcing
    See in list
4 companies in Solan
The business behind the activity

Healthcare financials in Solan

Revenue, profit and growth from the filed annual accounts of 18 healthcare companies in Solan for FY24-25 — 19 of the 65 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 85% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹3,110.87 cr

18 companies filing accounts

combined net profit₹192.68 cr

6.2% aggregate margin

are profitable89%

16 of 18 companies

median revenue~₹55.5 cr

the typical company

median revenue growth+10%

into FY24-25

earned by the top five85%

revenue concentration

Six-year view

Combined revenue of filing companies

₹1,671.55 crFY19-2016 filers
₹1,975.03 crFY20-2116 filers
₹2,547.97 crFY21-2216 filers
₹2,490.23 crFY22-2317 filers
₹2,965.95 crFY23-2419 filers
₹3,110.87 crFY24-2518 filers

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

Like-for-like

The same 17 companies over three years

+21%
FY22-23₹2,490.23 cr₹80.30 cr net
FY23-24₹2,890.32 cr₹179.65 cr net
FY24-25₹3,022.36 cr₹191.17 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 cr333% profitable
₹1–10 cr2100% profitable
₹10–100 cr8100% profitable
₹100–1,000 cr4100% 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

Shrinking6
0–20%7
20–50%2
50–100%2
Doubled+1

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

Profitability

Profit is concentrated at the top

16profitable
2loss-making
6.2%aggregate margin
1.8%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
Dallas DrugsDALLAS DRUGS PRIVATE LIMITED+138%₹12.01 cr
Alventa PharmaALVENTA PHARMA LIMITED
Martin & Brown Bio-SciencesMARTIN & BROWN BIO-SCIENCES PRIVATE LIMITED+75%₹88.52 cr
Neptune Life SciencesNEPTUNE LIFESCIENCES PVT LTD
JM HealthcareJ M HEALTHCARE PRIVATE LIMITED+17%₹48.54 cr
Onyx BiotecONYX BIOTEC LIMITED
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
Theon PharmaTHEON PHARMACEUTICALS LIMITED8.2%₹633.23 cr
Onyx BiotecONYX BIOTEC LIMITED
Morepen LaboratoriesMOREPEN LABORATORIES LIMITED6.5%₹1,570.25 cr
Marc LaboratoriesMARC LABORATORIES LIMITED4.5%₹202.58 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Traditional pharmaceuticals5₹1,713.63 cr~₹23.4 cr100%6.3%
Biopharma outsourcing9₹1,132.12 cr~₹63.1 cr100%5.8%
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%
Marc LaboratoriesMARC LABORATORIES LIMITED₹202.58 cr₹9.04 cr4.5%+12%
Alventa PharmaALVENTA PHARMA LIMITED
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%
Martin & Brown Bio-SciencesMARTIN & BROWN BIO-SCIENCES PRIVATE LIMITED₹88.52 cr₹1.51 cr1.7%+75%
Onyx BiotecONYX BIOTEC LIMITED
Allengers Global HealthcareALLENGERS GLOBAL HEALTHCARE PRIVATE LIMITED₹62.53 cr₹10.14 cr16.2%-5%
JM HealthcareJ M HEALTHCARE PRIVATE LIMITED₹48.54 cr₹91.93 lakh1.9%+17%
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 Solan 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, India405

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

376Acquisition
26Merger
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. Schott poonawalla7
  3. Novartis india6
  4. La Renon Healthcare6
  5. Medley4

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

Founders and momentum in Solan

Meet the people behind healthcare companies in Solan. 20 of 65 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Solan healthcare companies by sub-sector

The most common specialisations among healthcare companies in Solan. 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