Company lists
The Maharashtra edition · 2026

Life sciencescompanies in Maharashtra

Nutraceuticals, lab instruments & reagents, genomics & diagnostics, medical devices, healthcare IT and more: the companies building life sciences in Maharashtra, with their founders, funding, team size and business models.

475 company profiles219 with reported revenue76 with recorded fundingSeptember 2026 edition
Maharashtra · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent life sciences business events in Maharashtra

Funding, M&A, contract wins and launches involving 593 life sciences companies in Maharashtra, last 24 months: 36 M&A deals · 11 funding rounds · 4 Contracts. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: May 2026.

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
Funding

Fullife healthcare

"Fullife Healthcare raised $31.62 million."

Investors Na
Health and Wellness
M&AAcquisition · Completed

USV Private Ltd acquires Wellbeing nutrition

USV Private Ltd acquired around a 79% stake in nutraceutical firm Wellbeing Nutrition in an all-cash deal valuing the company at ₹1,583 crore in February.

Nutraceutical
FundingSeed

Rymo Technologies

Robotic neuro-rehabilitation startup, Rymo Technologies, raised over ₹10 crore in a seed round led by IAN Angel Fund.

Investors IAN Angel Fund
Healthtech / Robotics
M&AAcquisition · Completed

USV acquires Wellbeing nutrition

pharmaceutical major USV acquired a 79% stake in Wellbeing Nutrition

Nutrition
M&AAcquisition · Announced

Na acquires Universal Nutriscience

Kedaara Capital, the homegrown private equity firm ... is preparing to sell Universal NutriScience (UNS).

Nutraceuticals
M&AAcquisition · Completed

Na acquires Oziva

Their portfolio companies—Wellbeing Nutrition, Oziva and Minimalist—were acquired by larger FMCG groups looking to broaden portfolios and fast-track capability in the wellness space.

FundingAcquisition

Oziva

Separately, Hindustan Unilever Ltd (HUL) said it will acquire the remaining 49% stake in Oziva for ₹824 crore.

FundingAcquisition

Wellbeing nutrition

Last week, USV Private Ltd acquired around 79% stake in nutraceutical firm Wellbeing Nutrition in an all-cash deal valuing the company at ₹1,583 crore.

Investors USV Private Ltd
M&AAcquisition · Completed

USV Pvt Ltd acquires Wellbeing nutrition

USV Pvt Ltd, widely recognised for its leading brands in diabetes and cardiovascular therapy, has acquired a 79 percent stake in clean‑label nutraceutical company Wellbeing Nutrition.…

Nutraceutical
M&AAcquisition · Completed

Hul acquires Oziva

HUL has acquired the remaining 49% stake in D2C brand Oziva for Rs 824 crore, making it a wholly-owned subsidiary of the company.

Health and Wellness
M&AAcquisition · Announced

Usv acquires Wellbeing nutrition

USV has signed a definitive agreement to acquire 79 per cent equity stake in Nutritionalab (Wellbeing Nutrition)

Nutraceutical
M&AAcquisition · Announced

USV acquires Wellbeing nutrition

Pharmaceutical major USV has acquired a 79% stake in nutraceutical firm Wellbeing Nutrition in an all-cash deal, valuing the company at Rs 1,583 crore, the companies said on Thursday.

M&AAcquisition · Completed

Marico acquires Plix

Marico took a majority stake in Plix for Rs 369 crore in 2023

M&AAcquisition · Rumored

USV Pharma acquires Wellbeing nutrition

2 months ago USV Pharma has emerged as the frontrunner for acquiring an 85% stake in Wellbeing Nutrition, valuing the direct-to-consumer supplements brand at about Rs 1,600 crore.

M&AAcquisition · Announced

Hul acquires Wellbeing nutrition

The FMCG giant, which also backs nutraceuticals player Oziva, said it will acquire the remaining 49% stake in the brand for ₹824 crore, even as it sells its entire stake in Wellbeing…

Nutraceutical
M&AAcquisition

Tube Investments and Premji Invest acquires Lotus surgicals

The sale of Lotus Surgicals to Tube Investments and Premji Invest;

FundingAcquisition

Serum institute of india

Serum Institute of India picked up a 50% stake in specialty glass company Schott AG’s Indian joint venture, Schott Kaisha, from the former co-owners Kairus Dadachanji and Shapoor Mistry…

Specialty Glass
M&AAcquisition · Rumored

Serum institute of india acquires Royal Challengers Bengaluru

"Over the next few months, will be putting in a strong and competitive bid for RCB, one of the best teams in the IPL," Poonawalla, Chief Executive Officer of Pune-based vaccine-maker…

Sports
M&AAcquisition · Announced

Thermo fisher scientific acquires Henogen

Thermo Fisher Scientific Inc. and Groupe Novasep SAS, a services and technologies supplier for the life sciences industry, announced that Thermo Fisher has acquired Henogen S.A.,…

M&AAcquisition · Announced

Cipla Limited acquires Inzpera Healthsciences Limited

Drugmaker Cipla Limited is set to acquire 100 per cent stake in Inzpera Healthsciences Limited, a subsidiary of Tata Industries, for an estimated Rs 110 crore.

ContractSupply

Thermo fisher scientific · client: Vaxcyte

Vaxcyte (PCVX) announced a new agreement with Thermo Fisher Scientific (TMO) to bring additional fill-finish commercial manufacturing for Vaxcyte’s broad-spectrum pneumococcal conjugate…

FundingPre-Series A

Ace Blend

Nutrition brand Ace Blend has secured an undisclosed amount in a pre-Series A round from consumer-focused venture capital firm Fireside Ventures.

Nutrition
M&AAcquisition · Pending

Mukesh Ambani’s Reliance Consumer Products Ltd. (RCPL) acquires Shunya

Mukesh Ambani’s Reliance Consumer Products Ltd. (RCPL) is reportedly in advanced negotiations to acquire a controlling stake in Shunya, a premium zero-sugar health beverage brand owned…

Beverage
M&AAcquisition · Announced

Reliance Consumer Products acquires Shunya

Reliance Consumer Products (RCPL) is in advanced talks to buy a majority stake in Baidyanath Group-owned Naturedge Beverages' premium fruit drink brand Shunya, said executives aware of…

Beverages
FundingSeries B

The good bug

Also, gut health Delhi-based startup The Good Bug pulled in about $12 million in Series B funding to fuel expansion into new categories and markets.

Gut health
FundingDebt

Wellbeing nutrition

Wellbeing Nutrition, a D2C health & wellness startup, is raising Rs 25 crore (approximately $3 million) in debt funding led by pharma company ACG-Capsules with the participation of…

Investors ACG-Capsules, Maheshwari investors, MGB Advisors, Atmos Finance
Health & Wellness
M&AAcquisition · Completed

Riverlake Partners and MVC Capital acquires Thermo fisher scientific

The Federal Trade Commission has approved Thermo Fisher Scientific's (Waltham, Massachusetts) request to sell one of its divisions to two private equity firms.

Scientific Instruments
M&AAcquisition · Announced

Cochlear acquires Oticon Medical

Cochlear Ltd. will acquire Danish hearing implant company Oticon Medical A/S for AU$170 million (US$121 million) after parent company the Demant Group said it planned to exit its hearing…

Healthcare
M&AAcquisition · Announced

Alkem laboratories acquires Adroit Biomed

The company has signed a binding term sheet to acquire a 100 per cent stake in Adroit Biomed, a company focused on the skincare segment, for approximately INR 140 crore.

Skincare / Dermatology

Life sciences companies in Maharashtra, by revenue

Browse life sciences companies in Maharashtra 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 219 life sciences companies in 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

Manufacturer of vaccines and immuno-biological drugs for infectious diseases

Infectious diseases
₹10,733.00 crFY 2022-23
Not reported
5,902+13% 12 mo to Sep 2024LinkedIn · Jul 2026
60 yr1966
0none in 3 months

Provider of dietary supplements to improve health and fitness

Nutraceuticals tech
₹8,302.30 crFY 2024-25
+5%2024–2025
—Not available
19 yr2007
6postings · last posted Aug 2026

Developer of continuous glucose monitoring device for diabetic patients

Disease self management
₹2,669.84 crFY 2024-25
+15%2024–2025
1,015-1% 12 mo to Aug 2024recorded Aug 2024
11 yr2015
73postings · last posted Sep 2026

Provider of research instruments and supplies

Life sciences platforms and tools
₹1,746.75 crFY 2022-23
Not reported
1,280+5% 12 mo to Aug 2024recorded Aug 2024
19 yr2007
473postings · last posted Sep 2026

A technology-driven business services provider in healthcare

Life sciences tech
₹1,580.64 crFY 2024-25
+39%2024–2025
468LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Provider of pharmaceutical supply chain solutions

Life sciences tech
₹1,372.95 crFY 2024-25
Not reported
165+21% 12 mo to Nov 2023LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Manufacturer of micronutrient premixes, clinical nutrition products, and therapeutic food

Nutraceuticals tech
₹331.29 crFY 2024-25
+9%2024–2025
641-15% 12 mo to Jun 2023LinkedIn · Jul 2026
35 yr1991
0none in 3 months

Manufacturer of effervescent nutritional and pharmaceutical products

Nutraceuticals tech
₹259.40 crFY 2024-25
+35%2024–2025
130-4% 12 mo to Sep 2024LinkedIn · Jul 2026
17 yr2009
0none in 3 months

R&D company focused on manufacturing medical devices for multiple therapeutic areas

Orthopedics
₹230.77 crFY 2022-23
Not reported
921+26% 12 mo to Sep 2024LinkedIn · Jul 2026
19 yr2007
0none in 3 months · last posted Jun 2026

Provider of diversified solutions for personal care, health care, chemical industries

Nutraceuticals tech
₹242.10 crFY 2024-25
+16%2024–2025
93+7% 12 mo to Mar 2024recorded Mar 2024
29 yr1997
0none in 3 months

Provider of nutraceutical and lifestyle products focused on improving human lives

Nutraceuticals tech
₹234.37 crFY 2024-25
+6%2024–2025
287+21% 12 mo to Aug 2024LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Manufacturer of dermatology gastroenterology and wellness pharmaceutical products

Dermatology
₹215.48 crFY 2024-25
+15%2024–2025
737+14% 12 mo to Jul 2024LinkedIn · Jul 2026
12 yr2014
0none in 3 months · last posted Jun 2026

Develops antigen,polyclonal antibodies and In-Vitro diagnostic tests for infectious diseases .

Infectious diseases
₹194.68 crFY 2024-25
+19%2024–2025
255LinkedIn · Jul 2026
37 yr1989
0none in 3 months

Manufacturer and supplier of laboratory equipment

Life sciences platforms and tools
₹162.80 crFY 2023-24
+27%2023–2024
417+9% 12 mo to Mar 2024LinkedIn · Jul 2026
44 yr1982
3postings · last posted Aug 2026

Provider of turnkey interior design and project execution services

Nutraceuticals tech
₹164.80 crFY 2024-25
+110%2024–2025
14-36% 12 mo to Jun 2023LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Developer of diagnostic kits for pathogen detection and viral load monitoring

Genomics
₹153.08 crFY 2023-24
+23%2023–2024
248-12% 12 mo to Mar 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Provides aesthetics device for dermatologist

Dermatology
₹116.54 crFY 2024-25
-2%2024–2025
163+9% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Developer of a wide range of ophthalmic and ENT products

Ophthalmology
₹100.88 crFY 2021-22
Not reported
367-3% 12 mo to Nov 2023LinkedIn · Jul 2026
75 yr1951
—No postings tracked

Provider of mobility assisting devices and pain management solutions

Orthopedics
₹107.19 crFY 2022-23
Not reported
316+0% 12 mo to Jun 2024recorded Jun 2024
63 yr1963
—No postings tracked

UV air & water purification systems

Hospital equipment
₹112.41 crFY 2024-25
+16%2024–2025
416+2% 12 mo to Sep 2024recorded Sep 2024
22 yr2004
1postings · last posted Jul 2026

Manufacturer of nutritional supplements for general health, immunity, and specific needs

Nutraceuticals tech
₹111.06 crFY 2024-25
+8%2024–2025
158+5% 12 mo to Sep 2024LinkedIn · Jul 2026
16 yr2010
0none in 3 months

Developer of oral drug delivery platform

Drug delivery
₹101.46 crFY 2022-23
Not reported
239+4% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Provider of liquid biopsy-based cancer diagnostic test

Genomics
₹102.27 crFY 2024-25
+31%2024–2025
175+192% vs previous recordrecorded
34 yr1992
0none in 3 months

Developer & manufacturer of vaccines for viral infections

Infectious diseases
₹96.23 crFY 2022-23
Not reported
274-2% 12 mo to Sep 2024LinkedIn · Jul 2026
80 yr1946
0none in 3 months

Developer of medical device for cardiovascular treatment

Cardiac and vascular disorders
₹100.49 crFY 2024-25
Not reported
66-28% 12 mo to Sep 2024LinkedIn · Jul 2026
23 yr2003
0none in 3 months
50 of 475 companies shown here · the full list is on Radar
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Explore life sciences companies in Maharashtra by what you are looking for

Find top life sciences companies in Maharashtra and life sciences startups, from nutraceutical brands and lab instrument makers to genomics and medical device companies. Browse life sciences companies in Mumbai, Pune and across the state.

9 ways to explore life sciences in Maharashtra

Nutraceutical & dietary supplement companiesLife sciences tools, lab instruments & reagentsGenomics, diagnostics & biotech companiesMedical device & hospital equipment companiesHealthcare IT & laboratory software companiesDrug, vaccine & therapy developers

Nutraceutical & dietary supplement companies

Makers and sellers of dietary supplements, functional foods and wellness products.

  1. Herbalife

    Provider of dietary supplements to improve health and fitness

    Nutraceuticals tech
    See in list
  2. Hexagon Nutrition

    Manufacturer of micronutrient premixes, clinical nutrition products, and therapeutic food

    Nutraceuticals tech
    See in list
  3. Fullife

    Manufacturer of effervescent nutritional and pharmaceutical products

    Nutraceuticals tech
    See in list
  4. Yasham

    Provider of diversified solutions for personal care, health care, chemical industries

    Nutraceuticals tech
    See in list
  5. Universal Nutriscience

    Provider of nutraceutical and lifestyle products focused on improving human lives

    Nutraceuticals tech
    See in list

Life sciences tools, lab instruments & reagents

Suppliers of research instruments, reagents, kits and laboratory equipment.

  1. Thermo Fisher Scientific

    Provider of research instruments and supplies

    Life sciences platforms and tools
    See in list
  2. Labindia Instruments

    Manufacturer and supplier of laboratory equipment

    Life sciences platforms and tools
    See in list
  3. Warkem Biotech

    Manufactures hydrolyzed protein and other research reagents

    Life sciences platforms and tools
    See in list
  4. BioAspire

    Provider of bio medical products to customers

    Life sciences platforms and tools
    See in list
  5. Metal Power Analytical

    Provides a portfolio of analytical instruments

    Life sciences platforms and tools
    See in list

Genomics, diagnostics & biotech companies

Companies working on genetic testing, diagnostic kits and cell therapy.

  1. Mylab

    Developer of diagnostic kits for pathogen detection and viral load monitoring

    Genomics
    See in list
  2. Datar Genetics

    Provider of liquid biopsy-based cancer diagnostic test

    Genomics
    See in list
  3. Navigene

    Provider of diagnosing genetic medical conditions and recommending preventive care

    Rare diseases
    See in list
  4. RJ Biotech

    Developer of hybrid seeds for field crops and vegetable crops

    Crop tech
    Website
  5. Epigeneres

    Provider of genomics based diagnostic tests for cancer

    Oncology
    Website

Medical device & hospital equipment companies

Manufacturers of hospital equipment, orthopedic implants and surgical instruments.

  1. Biorad Medisys

    R&D company focused on manufacturing medical devices for multiple therapeutic areas

    Orthopedics
    See in list
  2. Skinnovation

    Provides aesthetics device for dermatologist

    Dermatology
    See in list
  3. Vissco

    Provider of mobility assisting devices and pain management solutions

    Orthopedics
    See in list
  4. Purple MicroPort

    Developer of medical device for cardiovascular treatment

    Cardiac and vascular disorders
    See in list
  5. Advanced MedTech Solutions

    Manufacturer of medical devices for endo surgery and interventional cardiology

    Surgical instruments
    See in list

Healthcare IT & laboratory software companies

Lab information systems, hospital software and AI tools for healthcare.

  1. CrelioHealth

    Provider of SaaS-based laboratory information system for clinicians

    Clinical labs it
    See in list
  2. AIRA Matrix

    Developer of artificial intelligence solutions for image analysis and predictive analytics

    Clinical labs it
    See in list
  3. Aureole Pharma Tech

    Manufacturer of pharmaceutical equipment

    Life sciences platforms and tools
    Website
  4. Rescribe

    Provider of cloud and AI based practice management software solution for the healthcare industry

    Healthcare it
    Website
  5. Sofscript

    Provider of hospital information management systems

    Life sciences tech
    Website

Drug, vaccine & therapy developers

Developers of cancer treatments, vaccines and therapies for infectious diseases.

  1. Serum Institute of India

    Manufacturer of vaccines and immuno-biological drugs for infectious diseases

    Infectious diseases
    See in list
  2. Brinton Pharmaceuticals

    Manufacturer of dermatology gastroenterology and wellness pharmaceutical products

    Dermatology
    See in list
  3. Novo Medi

    Developer & manufacturer of vaccines for viral infections

    Infectious diseases
    See in list
  4. ImmunoACT

    Developer of cell and gene therapies for cancer treatment

    Oncology
    See in list
  5. Voxtur Bio

    Develops kits and reagents for in vitro diagnostics

    Infectious diseases
    See in list
141 companies in MaharashtraAll 102 oncology companies in India →

Life sciences startups in Maharashtra

Newer life sciences companies founded in the last few years.

  1. Universal Nutriscience

    Provider of nutraceutical and lifestyle products focused on improving human lives

    Nutraceuticals tech
    See in list
  2. The Good Bug

    Provider of personalised synbiotic supplements and fermented products for gut health

    Nutraceuticals tech
    See in list
  3. BetterAlt

    Internet first brand of mushroom coffee, millet & beet root powder

    Food & beverage products
    See in list
  4. Aureole Pharma Tech

    Manufacturer of pharmaceutical equipment

    Life sciences platforms and tools
    Website
  5. Lipomic

    Provider of a medical handheld X-Ray system

    Imaging diagnostics
    Website
76 companies in Maharashtra

Life sciences companies hiring in Maharashtra

Life sciences companies in Maharashtra with open roles right now.

  1. Herbalife

    Provider of dietary supplements to improve health and fitness

    Nutraceuticals tech
    See in list
  2. Medtronic

    Developer of continuous glucose monitoring device for diabetic patients

    Disease self management
    See in list
  3. Thermo Fisher Scientific

    Provider of research instruments and supplies

    Life sciences platforms and tools
    See in list
  4. Biorad Medisys

    R&D company focused on manufacturing medical devices for multiple therapeutic areas

    Orthopedics
    See in list
  5. Brinton Pharmaceuticals

    Manufacturer of dermatology gastroenterology and wellness pharmaceutical products

    Dermatology
    See in list
34 companies in Maharashtra

Listed life sciences companies in Maharashtra

Publicly listed life sciences companies in the state.

  1. RJ Biotech

    Developer of hybrid seeds for field crops and vegetable crops

    Crop tech
    Website
  2. Cochlear

    Electronic hearing devices and implants

    Ent disorders
    Website
  3. KMS

    A range of surgical adhesive tapes and wound dressings

    Wound care
    Website
3 companies in Maharashtra
Mobile reach

Top 10 life sciences apps from Maharashtra

The most-installed Android apps published by life sciences companies headquartered in Maharashtra — 11.0M installs between them. 26 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

Man Matters: Hair, Beard, Skin

by Man Matters

Installs5.9M
Rating4.5974K ratings
Installs, year on year+31%
Last updatedMay 2026
View on Google Play ↗
Man Matters: Hair, Beard, Skin screenshot 1Man Matters: Hair, Beard, Skin screenshot 2Man Matters: Hair, Beard, Skin screenshot 3Man Matters: Hair, Beard, Skin screenshot 4Man Matters: Hair, Beard, Skin screenshot 5Man Matters: Hair, Beard, Skin screenshot 6
2

Be Bodywise Women's Health App

by Be Bodywise

Installs2.1M
Rating4.9315K ratings
Installs, year on year+47%
Last updatedMay 2026
View on Google Play ↗
Be Bodywise Women's Health App screenshot 1Be Bodywise Women's Health App screenshot 2
3

Little Joys: Kids' Health App

by Little Joys

Installs1.7M
Rating—
Installs, year on year+67%
Last updatedMay 2026
View on Google Play ↗
Little Joys: Kids' Health App screenshot 1Little Joys: Kids' Health App screenshot 2Little Joys: Kids' Health App screenshot 3Little Joys: Kids' Health App screenshot 4Little Joys: Kids' Health App screenshot 5Little Joys: Kids' Health App screenshot 6
6

Baha Smart App

by Cochlear

Installs48K
Rating3.0339 ratings
Last updatedApr 2026
View on Google Play ↗
Baha Smart App screenshot 1Baha Smart App screenshot 2Baha Smart App screenshot 3Baha Smart App screenshot 4
7

Prx Sales team automation SFA

by PrxCloud

Installs43K
Rating—
Last updatedMay 2026
View on Google Play ↗
Prx Sales team automation SFA screenshot 1Prx Sales team automation SFA screenshot 2Prx Sales team automation SFA screenshot 3Prx Sales team automation SFA screenshot 4Prx Sales team automation SFA screenshot 5Prx Sales team automation SFA screenshot 6
10

Setu Nutrition

by Setu

Installs5K
Rating—
Last updatedMar 2026
View on Google Play ↗
Setu Nutrition screenshot 1Setu Nutrition screenshot 2Setu Nutrition screenshot 3Setu Nutrition screenshot 4
The business behind the activity

Life sciences financials in Maharashtra

Revenue, profit and growth from the filed annual accounts of 198 life sciences companies in Maharashtra for FY24-25 — 239 of the 475 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 82% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹30,344.80 cr

198 companies filing accounts

combined net profit₹5,819.30 cr

19.2% aggregate margin

are profitable56%

111 of 198 companies

median revenue~₹3.1 cr

the typical company

median revenue growth+20%

into FY24-25

earned by the top five82%

revenue concentration

Six-year view

Combined revenue of filing companies

₹12,797.81 crFY19-20165 filers
₹16,120.83 crFY20-21184 filers
₹38,399.39 crFY21-22188 filers
₹25,482.34 crFY22-23198 filers
₹29,003.89 crFY23-24200 filers
₹30,344.80 crFY24-25198 filers

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

Like-for-like

The same 171 companies over three years

+15%
FY22-23₹24,670.61 cr₹4,744.03 cr net
FY23-24₹27,151.18 cr₹5,078.77 cr net
FY24-25₹28,493.13 cr₹5,814.61 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 cr6928% profitable
₹1–10 cr5866% profitable
₹10–100 cr5074% profitable
₹100–1,000 cr1587% profitable
Over ₹1,000 cr667% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking55
0–20%41
20–50%29
50–100%22
Doubled+40

187 companies with accounts for both years; median growth +20%.

Profitability

Profit is concentrated at the top

111profitable
87loss-making
19.2%aggregate margin
0.7%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
Healthcare ScientificPRO HEALTHCARE SCIENTIFIC PRIVATE LIMITED+986%
ImmunoACTIMMUNOADOPTIVE CELL THERAPY PRIVATE LIMITED
NavigeneNAVIGENE GENETIC SCIENCE PRIVATE LIMITED
CurevedaCLIMIC HEALTH PRIVATE LIMITED+142%₹17.70 cr
AIRA MatrixAIRAMATRIX PRIVATE LIMITED
PharmNXTBiotechPharmnxt Biotech Llp
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Serum Institute of IndiaSERUM INSTITUTE OF INDIA PRIVATE LIMITED42.7%₹10,854.00 cr
Shantani Proteome AnalyticsSHANTANI PROTEOME ANALYTICS PRIVATE LIMITED₹11.19 cr
UnivedUNIVED HEALTHCARE PRODUCTS PRIVATE LIMITED31.6%₹11.71 cr
NavigeneNAVIGENE GENETIC SCIENCE PRIVATE LIMITED
iSERA BiologicalISERA BIOLOGICAL LIMITED27.6%
Alfaa UVACE HYGIENE PRODUCTS PRIVATE LIMITED25.4%₹112.42 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Nutraceuticals tech43₹11,221.46 cr~₹10.5 cr49%11.0%
Infectious diseases7₹11,050.24 cr~₹83 lakh57%42.2%
Life sciences tech13₹3,022.67 cr~₹3.1 cr77%-8.2%
Life sciences platforms and tools28₹708.54 cr~₹7.2 cr71%7.8%
Hospital equipment10₹282.42 cr~₹16.7 cr70%10.4%
Orthopedics15₹248.94 cr~₹1.5 cr40%1.1%
Ophthalmology5₹89.99 cr~₹15.3 cr80%13.3%
Oncology7₹78.36 cr~₹49 lakh43%-11.5%
Leaders

Largest life sciences companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Serum Institute of IndiaSERUM INSTITUTE OF INDIA PRIVATE LIMITED₹10,854.00 cr₹4,630.00 cr42.7%-2%
HerbalifeHERBALIFE INTERNATIONAL INDIA PRIVATE LIMITED₹8,302.30 cr₹1,045.80 cr12.6%+5%
MedtronicINDIA MEDTRONIC PRIVATE LIMITED₹2,669.84 cr₹136.79 cr5.1%+15%
GoapptivGOAPPTIV PRIVATE LIMITED₹1,580.63 cr-0.2%+39%
ProtinexNUTRICIA INTERNATIONAL PRIVATE LIMITED₹1,468.12 cr₹184.62 cr+18%
Ascent Health & Wellness SolutionsASCENT WELLNESS AND PHARMA SOLUTIONS PRIVATE LIMITED₹1,372.95 cr−₹247.01 cr-18.0%+4%
YashamYASHAM SPECIALITY INGREDIENTS PRIVATE LIMITED₹237.96 cr₹35.93 cr15.1%+15%
Universal NutriscienceUNIVERSAL NUTRISCIENCE PRIVATE LIMITED₹234.37 cr₹42.48 cr18.1%+6%
CochlearCOCHLEAR MEDICAL DEVICE COMPANY INDIA PRIVATE LIMITED₹14.63 cr6.7%-12%
Advy ChemicalADVY CHEMICAL PRIVATE LIMITED₹175.72 cr₹24.38 cr13.9%+33%
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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

Life Sciences Industry Landscape of India

The financials above are one chapter. The full life sciences landscape of Maharashtra 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 life sciences landscape of Maharashtra
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

Life sciences funding and M&A across India

1,173 recorded equity rounds have gone to 2,923 life sciences companies in India — how much, at which stage, into which sub-sectors, from whom, and how Maharashtra compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months32

US$112.20m

equity rounds, last 24 months109

US$340.04m

raised over five yearsUS$1.34bn

524 rounds in India

M&A deals, Maharashtra36

last 24 months

Capital by year

Equity funding into life sciences in India

amount rounds
$170m201878
$106m2019102
$166m2020115
$225m2021122
$415m2022115
$176m202390
$247m2024114
$219m202570
$57m202613

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2022, with US$414.66m across 115 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$38.29m93 rounds · median US$144k
SeedUS$207.67m320 rounds · median US$295k
Series AUS$281.75m65 rounds · median US$3.03m
Series BUS$392.73m31 rounds · median US$10.15m
Series CUS$213.30m9 rounds · median US$10.00m
Series D+US$174.00m5 rounds · median US$32.00m
Private equityUS$30.00m1 rounds · median US$30.00m
Where the money went · five years

Most-funded sub-sectors

GenomicsUS$273.16m45 rounds · 19 companies
Nutraceuticals techUS$264.23m110 rounds · 52 companies
Clinical laboratory chainsUS$114.00m3 rounds · 1 companies
Life sciences techUS$95.01m38 rounds · 15 companies
Life sciences platforms and toolsUS$90.16m36 rounds · 22 companies
OncologyUS$87.51m30 rounds · 14 companies
Cardiac and vascular disordersUS$43.31m10 rounds · 5 companies
Corporate activity · last 24 months

M&A in Maharashtra

36Acquisition

Most active acquirers

  1. Thermo fisher scientific11
  2. Serum institute of india5
  3. USV Private Ltd3
  4. Na3
  5. USV2

Most acquired or merged

  1. Wellbeing nutrition8
  2. Oziva2
  3. Royal Challengers Bengaluru2
  4. Solventum2
  5. Shunya2

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

Go deeper in the life sciences landscape reports:

Life Sciences Industry Landscape of India

Life sciences funding in Maharashtra

76 life sciences companies in Maharashtra have recorded equity funding, US$473.67m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Maharashtra

Meet the people behind life sciences companies in Maharashtra. 303 of 475 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Maharashtra life sciences companies by sub-sector

The most common specialisations among life sciences companies in Maharashtra. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring life sciences in India and nearby markets.

Coming soon