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The Thane edition · 2026

Healthcarecompanies in Thane

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

Explore in Radar See the ranked list ↓
187 company profiles78 with reported revenue5 with recorded fundingOctober 2026 edition
Thane · 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: 421 M&A deals · 110 funding rounds · 104 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…

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 Thane, by revenue

Browse healthcare companies in Thane 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 78 healthcare companies in Thane, Maharashtra 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

Chain of multispecialty hospitals

Hospital chains
₹902.96 crFY 2022-23
Not reported
715-58% 12 mo to Jun 2024recorded Jun 2024
19 yr2007
—No postings tracked

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

Diversified pharmaceuticals
₹619.33 crFY 2024-25
+23%2024–2025
750recorded
15 yr2011
0none in 3 months

API's and Bulk Drugs manufacturer

Biopharma outsourcing
₹483.76 crFY 2024-25
+20%2024–2025
30+8% 12 mo to Sep 2024LinkedIn · Jul 2026
33 yr1993
0none in 3 months

Manufacturer of generic solid and liquid dosage forms

Traditional pharmaceuticals
₹275.51 crFY 2021-22
Not reported
631-46% 12 mo to Sep 2024recorded Sep 2024
50 yr1976
—No postings tracked

Provider of pharmaceutical, intermediate, chemical services including exports and contract manufacturing

Biopharma outsourcing
₹121.15 crFY 2024-25
-8%2024–2025
7LinkedIn · Jul 2026
19 yr2007
0none in 3 months

Company that designs, manufactures, and supplies a range of products and solutions for various medical specialties, including surgery, orthopedics, and general medicine

Diversified medical devices
₹99.68 crFY 2024-25
+68%2024–2025
14LinkedIn · Jul 2026
27 yr1999
0none in 3 months

Pharmaceutical distribution agency

Pharmaceutical distributors
₹94.68 crFY 2024-25
+9%2024–2025
8+0% 12 mo to Sep 2024LinkedIn · Jul 2026
17 yr2009
0none in 3 months

Chain of cardiac care hospitals and clinics

Hospital chains
₹91.70 crFY 2024-25
-9%2024–2025
403-22% 12 mo to Sep 2024recorded Sep 2024
12 yr2014
0none in 3 months

Healthcare company offering a range of products including tablets, edible inks, and drugs

Traditional pharmaceuticals
₹87.91 crFY 2024-25
-11%2024–2025
31+24% 12 mo to Sep 2024recorded Sep 2024
25 yr2001
0none in 3 months

Manufacturer and exporter of laboratory gas purification panels, analyzers, and other products

Traditional life sciences platforms & tools
₹76.42 crFY 2022-23
Not reported
75recorded
32 yr1994
0none in 3 months · last posted May 2026

Development and manufacturing services for formulations, APIs and advanced intermediates (mainly generics)

Biopharma outsourcing
₹62.89 crFY 2024-25
+17%2024–2025
159-1% 12 mo to Sep 2024LinkedIn · Jul 2026
37 yr1989
0none in 3 months

Manufacturer of enzyme and custom probiotics solutions

Traditional nutraceuticals
₹62.48 crFY 2024-25
-57%2024–2025
87LinkedIn · Jul 2026
21 yr2005
0none in 3 months

Diversified pharmaceutical company

Diversified pharmaceuticals
₹59.81 crFY 2024-25
+3%2024–2025
146-14% 12 mo to Sep 2024recorded Sep 2024
7 yr2019
0none in 3 months

Manufacturer and distributor of drugs

Pharmaceutical distributors
₹58.19 crFY 2024-25
-9%2024–2025
—Not available
12 yr2014
0none in 3 months

Pharmaceutical manufacturing and marketing company that develops, manufactures, and markets a broad range of pharmaceutical formulations

Biopharma outsourcing
₹53.84 crFY 2024-25
+12%2024–2025
—Not available
26 yr2000
0none in 3 months

Manufacturer of atraumatic surgical sutures and medical devices

Traditional medical devices
₹53.64 crFY 2024-25
+5%2024–2025
69+2% 12 mo to Sep 2024LinkedIn · Jul 2026
24 yr2002
0none in 3 months

Provider of diversified consulting services for biopharma sector

Biopharma outsourcing
₹53.59 crFY 2024-25
+33%2024–2025
202+11% 12 mo to Sep 2024LinkedIn · Jul 2026
31 yr1995
0none in 3 months

Manufacturer of generic drugs

Traditional pharmaceuticals
₹51.31 crFY 2024-25
+0%2024–2025
89-4% 12 mo to Sep 2024LinkedIn · Jul 2026
16 yr2010
0none in 3 months

Manufacturer of active pharmaceutical ingredients, including simethicone and dimethicone

Biopharma outsourcing
₹49.75 crFY 2024-25
-1%2024–2025
7LinkedIn · Jul 2026
26 yr2000
0none in 3 months

Provider of analytical tools and services

Traditional life sciences platforms & tools
₹48.24 crFY 2024-25
+95%2024–2025
71LinkedIn · Jul 2026
19 yr2007
0none in 3 months

Provider of drug analytical testing, valuation, calibration, survey, and inspection services

Manufacturing services
₹31.61 crFY 2023-24
Not reported
21LinkedIn · Jul 2026
38 yr1988
0none in 3 months

CDMO focused on manufacturing solid dosage formulations

Biopharma outsourcing
₹26.29 crFY 2024-25
-34%2024–2025
14LinkedIn · Jul 2026
21 yr2005
0none in 3 months

InfeXn Laboratories is a specialized infectious disease testing laboratory that provides accurate and high-quality diagnostic solutions at an affordable cost.

Clinical laboratories
₹25.83 crFY 2024-25
+4%2024–2025
143-5% 12 mo to Sep 2024LinkedIn · Jul 2026
12 yr2014
0none in 3 months · last posted Jun 2026

Pharmaceutical company that manufactures and exports a wide range of formulations, including antacids, antihelmintics, and endocrine metabolic agents

Biopharma outsourcing
₹24.85 crFY 2024-25
+30%2024–2025
—Not available
14 yr2012
0none in 3 months

Manufacturer of generic drugs

Pharmacies
₹24.57 crFY 2024-25
+26%2024–2025
92LinkedIn · Jul 2026
8 yr2018
0none in 3 months
50 of 187 companies shown here · the full list is on Radar
Fliar Radar

Explore all 187 healthcare companies in Thane on Radar

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

Open healthcare in Thane on Radar
  • Every company, not just 50All 187 healthcare companies in Thane, 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 Thane by what you are looking for

Browse healthcare companies in Thane, from hospitals and clinics to pharmaceutical manufacturers and medical device makers. You can also find listed healthcare companies and healthcare startups in Thane.

9 ways to explore healthcare in Thane

Hospitals & hospital chainsClinics & specialty care centresPharmaceutical manufacturers & drug makersMedical device makers & suppliersPharmaceutical distributors & pharmaciesNutraceuticals, supplements & ayurvedic products

Hospitals & hospital chains

Multispecialty and single specialty hospitals and hospital groups in Thane.

  1. Jupiter Hospital

    Chain of multispecialty hospitals

    Hospital chains
    See in list
  2. Madhavbaug

    Chain of cardiac care hospitals and clinics

    Hospital chains
    See in list
  3. SunAct

    Provider of advanced cellular therapies, gene therapy, and bone marrow transplants

    Hospitals
    See in list
  4. Platinum Hospitals

    Network of multispeciality hospitals

    Hospital chains
    Website
  5. Wavikar Eye Institute

    Chain of ophthalmology hospitals

    Hospital chains
    Website
17 companies in ThaneAll 1,426 hospitals companies in India →

Clinics & specialty care centres

Dental, skin, ayurveda, physiotherapy and other clinics and clinic chains.

  1. ReLiva Physio & Rehab

    Provider of physiotherapy services across various settings

    Rehabilitation and long-term care
    See in list
  2. Dr Tvacha

    Chain of skin and hair care clinics

    Clinic chains
    Website
  3. Creative Smiles

    Standalone dental clinic

    Clinics
    Website
  4. INVC

    Provider of guideline-based vaccination center services

    Clinic chains
    Website
  5. Ayursoukhyam

    Chain of Ayurvedic clinics

    Clinic chains
    Website
33 companies in ThaneAll 695 clinics companies in India →

Pharmaceutical manufacturers & drug makers

Manufacturers of generic drugs, formulations and active pharmaceutical ingredients.

  1. Bayer Zydus Pharma

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

    Diversified pharmaceuticals
    See in list
  2. Aarey Drugs & Pharmaceuticals

    API's and Bulk Drugs manufacturer

    Biopharma outsourcing
    See in list
  3. Synergyunited

    Provider of pharmaceutical, intermediate, chemical services including exports and contract manufacturing

    Biopharma outsourcing
    See in list
  4. Amtec Health Care

    Healthcare company offering a range of products including tablets, edible inks, and drugs

    Traditional pharmaceuticals
    See in list
  5. THINQ Pharma

    Development and manufacturing services for formulations, APIs and advanced intermediates (mainly generics)

    Biopharma outsourcing
    See in list
44 companies in ThaneAll 1,415 biopharma outsourcing companies in India →

Medical device makers & suppliers

Manufacturers and distributors of surgical, dental and diagnostic devices and lab equipment.

  1. Biotronics

    Company that designs, manufactures, and supplies a range of products and solutions for various medical specialties, including surgery, orthopedics, and general medicine

    Diversified medical devices
    See in list
  2. PCI Analytics

    Manufacturer and exporter of laboratory gas purification panels, analyzers, and other products

    Traditional life sciences platforms & tools
    See in list
  3. Centenial Surgical Suture

    Manufacturer of atraumatic surgical sutures and medical devices

    Traditional medical devices
    See in list
  4. Svan India

    Supplier of lab equipment and decontamination systems for pharmaceutical and life sciences. This company distributes state-of-the-art instruments for microbiological monitoring and decontamination. They offer solutions for contamination control, real-time monitoring, and total organic carbon analysis for purified water and water for injection applications. The company partners with global manufacturers to provide cost-effective solutions. Their services include training and support to help customers maximize the use of their equipment.

    Waste & water management
    See in list
  5. Venera

    Manufacturer of sterilization and clean air solutions for biopharmaceutical production

    Traditional life sciences platforms & tools
    See in list
30 companies in ThaneAll 344 traditional medical devices companies in India →

Pharmaceutical distributors & pharmacies

Drug distributors, wholesalers and pharmacies.

  1. Paras Medical Agency

    Pharmaceutical distribution agency

    Pharmaceutical distributors
    See in list
  2. Livealth Biopharma

    Manufacturer and distributor of drugs

    Pharmaceutical distributors
    See in list
  3. Ayush Arogyam

    Internet first Ayurvedic products store

    Pharmacies
    Website
  4. Incisive Healthcare

    Distributor of diversified drugs

    Pharmaceutical distributors
    Website
  5. JP Nutraceuticals

    Distributor of ayurvedic medicines

    Pharmaceutical distributors
    Website
15 companies in ThaneAll 345 pharmaceutical distributors companies in India →

Nutraceuticals, supplements & ayurvedic products

Dietary supplements, nutrition products and ayurvedic and alternative medicines.

  1. Fermenta Biotech

    Manufacturer of Vitamin D3, enzymes, and environmental solutions

    Traditional nutraceuticals
    Website
  2. Advenza

    Manufacturer of enzyme and custom probiotics solutions

    Traditional nutraceuticals
    See in list
  3. Apollo Ingredients

    Manufacturer of high-end strollers and pushchairs

    Traditional nutraceuticals
    See in list
  4. Friska Nutraceuticals

    Manufacturer of food and dietary supplements, personal care, ayurvedic and pharmaceutical products

    Traditional nutraceuticals
    See in list
  5. Uni Plus Healthcare

    Provider of ayurvedic health products including pain relieving oils, teas, hair oils, and wellness solutions

    Alternative medicine products
    Website
15 companies in ThaneAll 343 traditional nutraceuticals companies in India →

Diagnostic labs & clinical research

Pathology labs, diagnostic chains and research organisations.

  1. InfeXn

    InfeXn Laboratories is a specialized infectious disease testing laboratory that provides accurate and high-quality diagnostic solutions at an affordable cost.

    Clinical laboratories
    See in list
  2. BioSRL

    CRO offering their services for analytical and BA/BE studies and clinical research

    Biopharma outsourcing
    See in list
  3. NDC Diagnostic

    Chain of pathology & radiology laboratory centers

    Clinical laboratory chains
    See in list
  4. Rav Research

    Research organization that conducts studies and provides solutions in various fields, including transportation, healthcare, and more

    Biopharma outsourcing
    Website
  5. Encore Biomedicals

    Provider of range of rapid diagnostic kits for various diseases, including infectious and genetic disorders, offering an innovative solution for patient testing and diagnosis

    Diversified diagnostics
    Website
18 companies in ThaneAll 233 clinical laboratories companies in India →

Healthcare startups in Thane

Newer healthcare startups in Thane.

  1. Butterfly Learnings

    Provider of therapy and inclusive schooling for children with developmental needs

    Rehabilitation and long-term care
    See in list
  2. Innvocept Global Solutions

    Provider of pharmaceutical market research analytical services

    Biopharma outsourcing
    See in list
  3. INVC

    Provider of guideline-based vaccination center services

    Clinic chains
    Website
  4. Encore Biomedicals

    Provider of range of rapid diagnostic kits for various diseases, including infectious and genetic disorders, offering an innovative solution for patient testing and diagnosis

    Diversified diagnostics
    Website
  5. Helo Health

    Diagnostics-focused startup providing innovative solutions and services for instant diagnosis

    Traditional medical devices
    Website
32 companies in Thane

Listed healthcare companies in Thane

Publicly listed healthcare and pharma companies in Thane.

  1. Jupiter Hospital

    Chain of multispecialty hospitals

    Hospital chains
    See in list
  2. Fermenta Biotech

    Manufacturer of Vitamin D3, enzymes, and environmental solutions

    Traditional nutraceuticals
    Website
  3. Aarey Drugs & Pharmaceuticals

    API's and Bulk Drugs manufacturer

    Biopharma outsourcing
    See in list
  4. Madhavbaug

    Chain of cardiac care hospitals and clinics

    Hospital chains
    See in list
  5. Centenial Surgical Suture

    Manufacturer of atraumatic surgical sutures and medical devices

    Traditional medical devices
    See in list
8 companies in Thane
Mobile reach

Top 9 healthcare apps from Thane

The most-installed Android apps published by healthcare companies headquartered in Thane — 46K installs between them. 9 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 9
The business behind the activity

Healthcare financials in Thane

Revenue, profit and growth from the filed annual accounts of 75 healthcare companies in Thane, Maharashtra for FY24-25 — 90 of the 187 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 64% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹3,732.15 cr

75 companies filing accounts

combined net profit₹237.39 cr

6.4% aggregate margin

are profitable72%

54 of 75 companies

median revenue~₹11.1 cr

the typical company

median revenue growth+10%

into FY24-25

earned by the top five64%

revenue concentration

Six-year view

Combined revenue of filing companies

₹2,282.82 crFY19-2066 filers
₹2,455.49 crFY20-2168 filers
₹3,163.84 crFY21-2276 filers
₹2,462.05 crFY22-2374 filers
₹3,855.69 crFY23-2477 filers
₹3,732.15 crFY24-2575 filers

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

Like-for-like

The same 68 companies over three years

+23%
FY22-23₹2,118.96 cr₹25.69 cr net
FY23-24₹2,444.38 cr₹159.98 cr net
FY24-25₹2,616.33 cr₹51.83 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 cr1346% profitable
₹1–10 cr2370% profitable
₹10–100 cr3681% profitable
₹100–1,000 cr2100% 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

Shrinking27
0–20%18
20–50%15
50–100%6
Doubled+6

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

Profitability

Profit is concentrated at the top

54profitable
21loss-making
6.4%aggregate margin
2.4%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
exSell LaboratoriesEXSELL LABORATORIES PRIVATE LIMITED
Butterfly LearningsBombay Autism Services Private Limited
BioZedBIOZED ENGINEERING PRIVATE LIMITED+95%₹48.24 cr
Yashica PharmaceuticalsYASHICA PHARMACEUTICALS PRIVATE LIMITED
BiotronicsBIOTRONICS EQUIPMENTS PRIVATE LIMITED+68%₹99.68 cr
Spectrum Pharmatech ConsultantsSPECTRUM PHARMATECH CONSULTANTS PRIVATE LIMITED+35%₹51.83 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
RioCareRIOCARE INDIA PRIVATE LIMITED24.8%₹49.75 cr
Jupiter HospitalJUPITER LIFE LINE HOSPITALS LIMITED17.0%₹1,088.14 cr
BioZedBIOZED ENGINEERING PRIVATE LIMITED15.6%₹48.24 cr
Livealth BiopharmaLIVEALTH BIOPHARMA PRIVATE LIMITED11.4%₹58.19 cr
Yashica PharmaceuticalsYASHICA PHARMACEUTICALS PRIVATE LIMITED
exSell LaboratoriesEXSELL LABORATORIES PRIVATE LIMITED
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Biopharma outsourcing19₹856.07 cr~₹18.6 cr74%2.7%
Traditional pharmaceuticals6₹146.71 cr~₹4.9 cr83%3.2%
Traditional medical devices6₹86.72 cr~₹6.3 cr67%-0.7%
Leaders

Largest healthcare companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Jupiter HospitalJUPITER LIFE LINE HOSPITALS LIMITED₹1,088.14 cr₹184.70 cr17.0%+16%
Bayer Zydus PharmaBAYER ZYDUS PHARMA PRIVATE LIMITED₹619.33 cr₹56.10 cr9.1%+23%
Aarey Drugs & PharmaceuticalsAAREY DRUGS AND PHARMACEUTICALS LIMITED₹483.76 cr₹4.02 cr0.8%+20%
BiotronicsBIOTRONICS EQUIPMENTS PRIVATE LIMITED₹99.68 cr₹4.27 cr4.3%+68%
Paras Medical AgencyPARAS MEDICAL AGENCY PRIVATE LIMITED₹94.68 cr₹37.57 lakh0.4%+9%
MadhavbaugVaidya Sane Ayurved Laboratories Limited₹88.88 cr₹4.90 cr5.5%-10%
PCI AnalyticsPCI ANALYTICS PRIVATE LIMITED₹87.49 cr₹2.31 cr2.6%+0%
Amtec Health CareAMTEC HEALTH CARE PRIVATE LIMITED₹85.28 cr₹3.79 cr4.4%-14%
THINQ PharmaTHINQ PHARMA-CRO LIMITED₹62.89 cr₹3.97 cr6.3%+17%
Platinum HospitalsPLATINUM HOSPITALS PRIVATE LIMITED₹1.10 cr+30%
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 Thane 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, India421

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

387Acquisition
31Merger
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.

Healthcare funding in Thane

5 healthcare companies in Thane have recorded equity funding, US$29.73m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Thane

Meet the people behind healthcare companies in Thane. 77 of 187 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Thane healthcare companies by sub-sector

The most common specialisations among healthcare companies in Thane. 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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