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The Vadodara edition · 2026

Healthcarecompanies in Vadodara

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

Explore in Radar See the ranked list ↓
217 company profiles88 with reported revenue5 with recorded fundingOctober 2026 edition
Vadodara · 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: 412 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

Marksans Pharma Ltd on Monday announced that it has entered into a definitive agreement to acquire 100 per cent of the share capital of Netherlands-based QliniQ B.V.

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 Vadodara, by revenue

Browse healthcare companies in Vadodara 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 88 healthcare companies in Vadodara, Gujarat that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

Manufacturer & supplier of generic pharmaceuticals

Traditional pharmaceuticals
₹6,256.93 crFY 2023-24
Not reported
74+5% 12 mo to Jul 2024LinkedIn · Oct 2026
119 yr1907
5postings · last posted Sep 2026

Manufacturer of API & intermediates

Biopharma outsourcing
₹641.59 crFY 2021-22
+7%2021–2022
841LinkedIn · Oct 2026
35 yr1991
0none in 3 months

Provider of drug research, manufacturing, and consulting services

Biopharma outsourcing
₹659.86 crFY 2024-25
+20%2024–2025
744+2% 12 mo to Sep 2024LinkedIn · Oct 2026
20 yr2006
0none in 3 months · last posted Jul 2026

Manufacturer of Drug Intermediates, APIs and specialty chemicals

Biopharma outsourcing
₹566.17 crFY 2021-22
Not reported
1,141-7% 12 mo to Mar 2024recorded Mar 2024
29 yr1997
0none in 3 months

Chain of multispeciality hospitals

Hospital chains
₹627.78 crFY 2024-25
+28%2024–2025
8+6% 12 mo to May 2024LinkedIn · Oct 2026
29 yr1997
0none in 3 months

Manufacturer of pharmaceutical excipients

Biopharma outsourcing
₹511.33 crFY 2024-25
+10%2024–2025
—Not available
37 yr1989
0none in 3 months · last posted Feb 2025

Manufacturer of pharmaceutical raw materials

Biopharma outsourcing
₹385.03 crFY 2024-25
-4%2024–2025
477+3% 12 mo to Jul 2024LinkedIn · Oct 2026
30 yr1996
1postings · last posted Aug 2026

Contract Manufacturing firm

Biopharma outsourcing
₹352.00 crFY 2024-25
Not reported
305-1% 12 mo to Jul 2024LinkedIn · Oct 2026
34 yr1992
0none in 3 months · last posted Jun 2026

Pharma distribution company offering regulatory consulting services

Biopharma outsourcing
₹253.33 crFY 2021-22
Not reported
5+25% 12 mo to Sep 2024recorded Sep 2024
36 yr1990
—No postings tracked

Manufacturer of active pharmaceutical ingredients, peptides, and complex drug formulations

Traditional pharmaceuticals
₹263.23 crFY 2024-25
+45%2024–2025
652-46% 12 mo to Sep 2024recorded Sep 2024
16 yr2010
0none in 3 months

Manufacturer of active pharmaceuticals ingredients

Diversified pharmaceuticals
₹212.26 crFY 2023-24
Not reported
101-4% 12 mo to Jul 2024LinkedIn · Oct 2026
119 yr1907
0none in 3 months

Manufacturer of biostimulants, specialty fertilizers, and animal health products

Traditional pharmaceuticals
₹187.35 crFY 2024-25
+12%2024–2025
223+6% vs previous recordLinkedIn · Jul 2026
38 yr1988
0none in 3 months

Pharmaceutical company that offers a range of medical products and services

Pharmaceutical distributors
₹167.27 crFY 2024-25
+11%2024–2025
—Not available
16 yr2010
0none in 3 months

Manufacturer of heavy machinery components, including gears and mill equipment

Traditional pharmaceuticals
₹165.50 crFY 2024-25
+4%2024–2025
350+0% 12 mo to Aug 2024recorded Aug 2024
30 yr1996
0none in 3 months

Standalone multispecialty hospital

Hospitals
₹162.28 crFY 2024-25
-5%2024–2025
2LinkedIn · Oct 2026
17 yr2009
0none in 3 months

Manufacturer of API intermediates, specialty chemicals, custom synthesis, and contract manufacturing

Biopharma outsourcing
₹152.78 crFY 2024-25
Not reported
10LinkedIn · Jul 2026
23 yr2003
0none in 3 months

CDMO focused on manufacturing late stage intermediates and API

Biopharma outsourcing
₹151.89 crFY 2024-25
Not reported
223+33% 12 mo to Aug 2023recorded Aug 2023
20 yr2006
0none in 3 months

Manufacturer of pharmaceuticals, nutritional supplements, minerals, and specialty chemicals

Traditional pharmaceuticals
₹147.08 crFY 2024-25
+26%2024–2025
82+10% 12 mo to Sep 2024LinkedIn · Oct 2026
45 yr1981
0none in 3 months

Chain of multi-specialiy hospitals

Hospital chains
₹115.55 crFY 2021-22
Not reported
313+21% 12 mo to Sep 2024recorded Sep 2024
22 yr2004
1postings · last posted Aug 2026

Manufacturer, supplier, and exporter of generic pharmaceutical drugs

Traditional pharmaceuticals
₹128.35 crFY 2024-25
-10%2024–2025
279-7% 12 mo to Jun 2024recorded Jun 2024
31 yr1995
0none in 3 months

Operator of a hospital

Hospitals
₹126.34 crFY 2024-25
+20%2024–2025
53LinkedIn · Jul 2026
25 yr2001
0none in 3 months

Shine Pharmaceuticals

Diversified pharmaceuticals
₹120.09 crFY 2024-25
-4%2024–2025
758+5% 12 mo to Sep 2024recorded Sep 2024
32 yr1994
0none in 3 months

Manufacturer of generic solid and liquid formulations

Traditional pharmaceuticals
₹105.06 crFY 2021-22
Not reported
394+12% 12 mo to Sep 2024recorded Sep 2024
47 yr1979
—No postings tracked

Capsules machine manufacturer

Biopharma outsourcing
₹104.94 crFY 2022-23
Not reported
79-3% 12 mo to Sep 2024LinkedIn · Oct 2026
91 yr1935
—No postings tracked

Provider of pharmaceutical products packaging services

Biopharma outsourcing
₹110.00 crFY 2024-25
+7%2024–2025
—Not available
12 yr2014
0none in 3 months
50 of 217 companies shown here · the full list is on Radar
Fliar Radar

Explore all 217 healthcare companies in Vadodara on Radar

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

Open healthcare in Vadodara on Radar
  • Every company, not just 50All 217 healthcare companies in Vadodara, 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 Vadodara by what you are looking for

Browse the top healthcare companies in Vadodara, including hospitals, clinics, pharmaceutical manufacturers and medical device makers. Find a list of healthcare companies in India's Vadodara region, plus healthcare startups in Vadodara.

9 ways to explore healthcare in Vadodara

Pharmaceutical & API manufacturersHospitals & hospital chainsClinics, dental & specialty care centresMedical device manufacturers & distributorsPharmaceutical distributors & suppliersAyurvedic & alternative medicine companies

Pharmaceutical & API manufacturers

Makers of generic drugs, active pharmaceutical ingredients, intermediates and formulations.

  1. Amoli Organics

    Manufacturer of API & intermediates

    Biopharma outsourcing
    See in list
  2. Ami Lifesciences

    Provider of drug research, manufacturing, and consulting services

    Biopharma outsourcing
    See in list
  3. Sudeep Pharma

    Manufacturer of pharmaceutical excipients

    Biopharma outsourcing
    See in list
  4. Tatva Chintan Pharma Chem

    Manufacturer of pharmaceutical raw materials

    Biopharma outsourcing
    See in list
  5. Bharat Parenterals

    Contract Manufacturing firm

    Biopharma outsourcing
    See in list
60 companies in VadodaraAll 44 biopharma outsourcing companies in Vadodara →

Hospitals & hospital chains

Multispecialty and single specialty hospitals and hospital groups.

  1. Metro Hospitals

    Chain of multispeciality hospitals

    Hospital chains
    See in list
  2. Global Baroda Hospital

    Standalone multispecialty hospital

    Hospitals
    See in list
  3. Bankers Group of Hospitals

    Chain of multi-specialiy hospitals

    Hospital chains
    See in list
  4. BHIRC

    Operator of a hospital

    Hospitals
    See in list
  5. Aadicura

    Superspeciality hospital that provides emergency care services

    Hospitals
    See in list
31 companies in VadodaraAll 1,426 hospitals companies in India →

Clinics, dental & specialty care centres

Dental, eye, skin and other specialty clinics and clinic chains.

  1. Chandan Dental

    Provider of comprehensive dental services

    Clinics
    Website
  2. Nishtha Wellness

    Standalone cosmetic surgery center

    Clinics
    Website
  3. PDC Dental Clinic

    Provider of general and specialized services related to dental healthcare

    Clinics
    Website
  4. Monarch Dental Clinic

    Provider of a full spectrum of dental services

    Clinics
    Website
  5. Pranaraksha

    Provider of yoga and nature cure therapies for holistic healing

    Clinics
    Website
26 companies in VadodaraAll 695 clinics companies in India →

Medical device manufacturers & distributors

Orthopedic implants, surgical devices, medical equipment and supplies.

  1. Medicap

    Manufacturer of head caps

    Traditional medical devices
    See in list
  2. Sharma Orthopedic

    Develops Orthopedic implants and instruments

    Diversified medical devices
    See in list
  3. Medinnova Systems

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

    Medical device distributors
    See in list
  4. Avante Medical Solutions

    Manufacturer and exporter of orthopaedic implant, maxillofacial, and instrument solutions

    Traditional medical devices
    Website
  5. Jajal Medical Services

    Manufacturer of cranial plates, orbital implants, and orthopedic equipment

    3d printing and 3d scanning services
    Website
20 companies in VadodaraAll 344 traditional medical devices companies in India →

Pharmaceutical distributors & suppliers

Distributors and marketers of medicines, supplements and healthcare products.

  1. Briyosis

    Manufacturer of softgel capsules and related products

    Traditional nutraceuticals
    See in list
  2. Simzen

    Pharmaceutical company that specializes in the development, marketing, and distribution of branded pharmaceutical products

    Pharmaceutical distributors
    Website
  3. Bansal Overseas

    Supplier of pharmaceutical products, including ear drops, oral suspension, tablets, and sanitary pads

    Pharmaceutical distributors
    Website
  4. Visorpharmaceuticals

    Manufacturer and supplier of allopathic medicines, including antacids and antibiotics

    Pharmaceutical distributors
    Website
  5. R.K Medicines

    Pharmaceutical company that offers a range of medical products and services

    Pharmaceutical distributors
    See in list
22 companies in VadodaraAll 345 pharmaceutical distributors companies in India →

Ayurvedic & alternative medicine companies

Ayurvedic, herbal and alternative medicine products and centres.

  1. Aminesbiotech

    Manufacturer of cosmeceutical, nutraceutical, pharmaceutical products, herbal extracts, and essential oils

    Diversified chemicals
    Website
  2. Priority Herbals

    Manufacturer of herbal products for diabetes, varicose veins, and hair care

    Pharmaceutical distributors
    Website
  3. Satyam Health Care

    Manufacturer and supplier of ayurvedic-based healthcare products

    Alternative medicine products
    Website
  4. AURAVITA-C

    Manufacturer of ayurvedic tablets

    Alternative medicine products
    Website
  5. TYMK Health & Wellness

    Distributor of ayurvedic medicines

    Pharmaceutical distributors
    Website
8 companies in VadodaraAll 283 alternative medicine products companies in India →

Healthcare startups in Vadodara

Newer healthcare companies founded in the last few years in Vadodara.

  1. Krishpa Mediequip

    Retailer of medical equipment and supplies for healthcare professionals

    Medical supplies and consumables
    Website
  2. Avan Meditech

    Manufacturer of oxygen concentrators and other medical devices

    Traditional medical devices
    Website
  3. Valumeds

    Company that provides pharmaceutical-focused services, offering a range of over-the-counter medications and supplements for pain relief, allergy relief, and other health concerns

    Biopharma outsourcing
    Website
  4. Ergophyx

    Provider of workplace ergonomic assessment, training programs, and rehabilitation plans

    Hr services
    Website
  5. Pranaraksha

    Provider of yoga and nature cure therapies for holistic healing

    Clinics
    Website
25 companies in Vadodara

Healthcare companies hiring in Vadodara

Healthcare companies in Vadodara with open jobs right now.

  1. Alembic Pharmaceuticals

    Manufacturer & supplier of generic pharmaceuticals

    Traditional pharmaceuticals
    See in list
  2. Ami Lifesciences

    Provider of drug research, manufacturing, and consulting services

    Biopharma outsourcing
    See in list
  3. Sudeep Pharma

    Manufacturer of pharmaceutical excipients

    Biopharma outsourcing
    See in list
  4. Tatva Chintan Pharma Chem

    Manufacturer of pharmaceutical raw materials

    Biopharma outsourcing
    See in list
  5. Bharat Parenterals

    Contract Manufacturing firm

    Biopharma outsourcing
    See in list
15 companies in Vadodara

Listed healthcare companies in Vadodara

Publicly listed healthcare companies based in Vadodara.

  1. Alembic Pharmaceuticals

    Manufacturer & supplier of generic pharmaceuticals

    Traditional pharmaceuticals
    See in list
  2. Sudeep Pharma

    Manufacturer of pharmaceutical excipients

    Biopharma outsourcing
    See in list
  3. Tatva Chintan Pharma Chem

    Manufacturer of pharmaceutical raw materials

    Biopharma outsourcing
    See in list
  4. Bharat Parenterals

    Contract Manufacturing firm

    Biopharma outsourcing
    See in list
  5. Dinesh Mills

    Capsules machine manufacturer

    Biopharma outsourcing
    See in list
9 companies in Vadodara
The business behind the activity

Healthcare financials in Vadodara

Revenue, profit and growth from the filed annual accounts of 88 healthcare companies in Vadodara, Gujarat for FY24-25 — 97 of the 217 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 61% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹13,343.54 cr

88 companies filing accounts

combined net profit₹997.78 cr

7.5% aggregate margin

are profitable82%

72 of 88 companies

median revenue~₹45.9 cr

the typical company

median revenue growth+11%

into FY24-25

earned by the top five61%

revenue concentration

Six-year view

Combined revenue of filing companies

₹8,020.17 crFY19-2080 filers
₹9,950.51 crFY20-2186 filers
₹11,066.96 crFY21-2289 filers
₹10,766.84 crFY22-2388 filers
₹12,361.59 crFY23-2489 filers
₹13,343.54 crFY24-2588 filers

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

Like-for-like

The same 84 companies over three years

+17%
FY22-23₹10,578.58 cr₹806.63 cr net
FY23-24₹11,574.62 cr₹1,239.24 cr net
FY24-25₹12,403.29 cr₹939.44 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 cr1060% profitable
₹1–10 cr1573% profitable
₹10–100 cr3887% profitable
₹100–1,000 cr2488% 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

Shrinking29
0–20%28
20–50%23
50–100%5
Doubled+1

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

Profitability

Profit is concentrated at the top

72profitable
16loss-making
7.5%aggregate margin
4.4%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
Surge PharmaceuticalsSURGE PHARMACEUTICALS PRIVATE LIMITED
Vovantis LaboratoriesVOVANTIS LABORATORIES PRIVATE LIMITED
Chiccem MedicalCHICCEM MEDICAL PRIVATE LIMITED+54%₹21.25 cr
Sharma OrthopedicSHARMA ORTHOPEDIC (INDIA) LIMITED
Apothecon PharmaceuticalsAPOTHECON PHARMACEUTICALS PRIVATE LIMITED+45%₹263.23 cr
BriyosisBRIYOSIS SOFT CAPS PRIVATE LIMITED
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
CantonCANTON LABORATORIES PRIVATE LIMITED31.7%₹147.08 cr
Sudeep PharmaSUDEEP PHARMA LIMITED26.2%₹365.11 cr
Medicap HealthcareMEDICAP HEALTHCARE LIMITED24.2%₹110.00 cr
Sharma OrthopedicSHARMA ORTHOPEDIC (INDIA) LIMITED
Avante Medical SolutionsAVANTE MEDICAL SOLUTIONS PRIVATE LIMITED19.4%₹20.95 cr
Apothecon PharmaceuticalsAPOTHECON PHARMACEUTICALS PRIVATE LIMITED17.0%₹263.23 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Diversified pharmaceuticals6₹6,360.55 cr~₹72.5 cr83%8.2%
Biopharma outsourcing28₹3,040.85 cr~₹60.6 cr79%7.5%
Traditional pharmaceuticals20₹1,768.82 cr~₹73.8 cr85%3.1%
Pharmaceutical distributors6₹759.03 cr~₹111.8 cr83%4.6%
Leaders

Largest healthcare companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Alembic, Alembic PharmaceuticalsALEMBIC PHARMACEUTICALS LIMITED₹6,080.51 cr₹503.12 cr8.3%+3%
Ami LifesciencesAMI LIFESCIENCES PVT LTD₹662.35 cr₹23.90 cr3.6%+19%
Metro HospitalsMETRO SPECIALITY HOSPITALS PRIVATE LIMITED₹627.78 cr₹106.01 cr16.9%+28%
Tatva Chintan Pharma ChemTatva Chintan Pharma Chem Limited₹369.98 cr₹32.70 lakh0.1%-4%
Oneiro LifecareONEIRO LIFECARE PRIVATE LIMITED₹366.81 cr8.8%
Sudeep PharmaSUDEEP PHARMA LIMITED₹365.11 cr₹95.75 cr26.2%+4%
Bharat ParenteralsBharat Parenterals Limited₹318.68 cr₹26.45 cr8.3%+20%
Apothecon PharmaceuticalsAPOTHECON PHARMACEUTICALS PRIVATE LIMITED₹263.23 cr₹44.86 cr17.0%+45%
Centurion LaboratoriesCENTURION LABORATORIES PRIVATE LIMITED−₹6.53 cr-3.1%+2%
Comed ChemicalsCOMED CHEMICALS LIMITED₹187.35 cr₹28.68 cr15.3%+12%
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 Vadodara 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, India412

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

378Acquisition
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 Vadodara

5 healthcare companies in Vadodara have recorded equity funding, US$334.41m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Vadodara

Meet the people behind healthcare companies in Vadodara. 92 of 217 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Vadodara healthcare companies by sub-sector

The most common specialisations among healthcare companies in Vadodara. 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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