Company lists
The Ahmedabad edition · 2026

Traditional pharmaceuticalscompanies in Ahmedabad

Generics, API & CDMO, injectables, nutraceuticals, ayurvedic and more: the companies building traditional pharmaceuticals in Ahmedabad, Gujarat, with their founders, funding, team size and business models.

155 company profiles85 with reported revenue7 with recorded fundingOctober 2026 edition
Ahmedabad · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent traditional pharmaceuticals business events in India

Funding, M&A, contract wins and launches involving 2,116 traditional pharmaceuticals companies in India, last 24 months: 156 M&A deals · 40 Contracts · 27 funding rounds · 7 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

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

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&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

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 · Announced

Organon acquires Sun pharma

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

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
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
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…

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
LaunchBosaya™

Biocon

Biocon Limited, a global biopharmaceutical company, has announced the commercial launch of its denosumab biosimilars, Bosaya™ and Aukelso™, in the United States.

Biosimilar
M&AAcquisition · Rumored

Warburg pincus acquires Maneesh pharmaceuticals

Warburg Pincus is in advanced discussions to acquire the non-TB formulations business of Mumbai-headquartered Maneesh Pharmaceuticals in a deal valued at around ₹1,600-1,800 crore.

M&AAcquisition · Completed

Eris lifesciences acquires Velbiom probiotics

The acquisition has been executed via a Business Transfer Agreement (BTA), marking Eris Lifesciences’ strategic expansion into the growing probiotics and microbiome-based therapeutics…

M&AAcquisition · Completed

USV acquires Wellbeing nutrition

pharmaceutical major USV acquired a 79% stake in Wellbeing Nutrition

Nutrition
M&AAcquisition · Announced

Strides pharma science acquires Sandoz

Strides Pharma Science on Tuesday said it has inked a pact with Sandoz AG to acquire certain branded generic products across Sub-Saharan Africa.

Pharmaceutical
Contract

Strides Pharma · client: Sandoz

The initial consideration for the transaction is $12 million, payable at closing and is expected to be funded through internal accruals, Strides said in a statement.

Pharmaceutical
ContractSupply

Lupin · client: Zydus lifesciences

Shares of Lupin and Zydus Lifesciences rose up to 2% on Tuesday after the pharma firm inked a licensing and supply agreement with the lifesciences company, to expand access to innovative…

M&AAcquisition · Completed

Kedaara capital acquires Sanofi india

The company was formed after acquiring 16 nutraceutical brands from Sanofi India for ₹587 crore.

Pharmaceuticals
M&AAcquisition · Announced

Arogya Tech Services LLP acquires Bijoy hans

Arogya Tech Services LLP has acquired a substantial stake in Bijoy Hans Limited through a preferential allotment, as disclosed in a regulatory filing dated March 6, 2026.

M&AAcquisition · Announced

Ems group acquires Medley

The purchase of Medley by the EMS Group should keep the pharmaceutical company operating independently within the group structure.

Pharmaceuticals
M&AAcquisition · Announced

Sanofi acquires Medley

The share of the EMS pharmaceutical market can rise to 31% with the purchase of Medley, Sanofi, said Marcus Sanchez, vice president of the group, on Friday (6).

Funding

Biocon

Biocon acquired 11,53,44,285 Optionally Convertible Redeemable Non-Cumulative Preference Shares of Rs 10 each in Biocon Biosphere Limited and 20,00,00,000 similar shares in Biocon Pharma…

Investors Biocon
Pharmaceutical manufacturing
ContractService

Morepen laboratories · client: Major global pharmaceutical player

Morepen Laboratories Limited has landed a landmark CDMO contract valued at approximately Rs. 825 crore with a major global pharmaceutical player.

Pharmaceuticals
M&AAcquisition · Announced

WaveRise Investments, ChrysCapital, Two Infinity Partners acquires Novartis india

Novartis announced on Friday that the share would be sold to a consortium of financial investors for about $159 million.

Pharmaceuticals
M&AAcquisition · Announced

Consortium of financial investors acquires Novartis india

The company sold its share of 70.68 percent for about 159 million dollars to a consortium of financial investors, Novartis announced on Friday.

Pharmaceutical
M&AAcquisition · Announced

consortium of WaveRise Investments, ChrysCapital and Two Infinity Partners acquires Novartis india

Novartis announced on Friday that the share would be sold to a consortium of financial investors for about $159 million.

Pharmaceutical
M&AAcquisition · Pending

Consortium of WaveRise Investments, ChrysCapital, Two Infinity Partners acquires Novartis india

The companies have also made an offer to purchase an additional 26% stake from Novartis India's public shareholders, under takeover regulations that mandate such an exercise on the…

Pharmaceutical
M&AAcquisition · Announced

WaveRise Investments, ChrysCapital and Two Infinity Partners acquires Novartis india

The consortium, composed of WaveRise Investments, ChrysCapital and Two Infinity Partners, also made an offer to buy an additional 26% stake from Novartis India’s public shareholders for…

Pharmaceutical
M&AAcquisition · Announced

WaveRise Investments, ChrysCapital Fund X, Two Infinity Partners, ChrysCapital X, LLC, OceanEdge Investments Limited acquires Novartis india

Under the open offer, acquirers have announced acquisition of up to 64,19,608 fully paid-up equity shares of face value of Rs 5 each from public shareholders of Novartis India Limited,…

Traditional pharmaceuticals companies in Ahmedabad, by revenue

Browse traditional pharmaceuticals companies in Ahmedabad 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 85 traditional pharmaceuticals companies in Ahmedabad, 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

Reliance

Traditional pharmaceuticals
₹998,114.00 crFY 2024-25
Not reported
—Not available
41 yr1985
12postings · last posted Sep 2026

Manufacturer of pharmaceutical formulations for chronic diseases

Traditional pharmaceuticals
₹2,912.00 crFY 2024-25
+43%2024–2025
3,836-12% 12 mo to Sep 2024LinkedIn · Jul 2026
19 yr2007
0none in 3 months

Provider of pharmaceutical products

Traditional pharmaceuticals
₹1,685.81 crFY 2024-25
+16%2024–2025
1,245+7% 12 mo to Sep 2024LinkedIn · Jul 2026
19 yr2007
0none in 3 months

Manufacturer of pharmaceutical products focused on women's health, cardio-diabetology, pain management, and urology

Traditional pharmaceuticals
₹1,202.35 crFY 2024-25
+18%2024–2025
2,130+4% 12 mo to Jul 2024LinkedIn · Jul 2026
22 yr2004
0none in 3 months

Manufacturer of novel drug delivery systems (NDDS) pharmaceuticals

Traditional pharmaceuticals
₹853.37 crFY 2022-23
Not reported
3,468+7% 12 mo to Sep 2024recorded Sep 2024
43 yr1983
0none in 3 months

Manufacturer of non-beta lactam pharmaceutical formulations

Traditional pharmaceuticals
₹645.71 crFY 2024-25
+5%2024–2025
1,358recorded
31 yr1995
0none in 3 months

Manufacturer of intravenous infusions and clinical nutrition products

Traditional pharmaceuticals
₹605.53 crFY 2023-24
-6%2023–2024
909-49% 12 mo to Sep 2024recorded Sep 2024
14 yr2012
4postings · last posted Aug 2026

Aculife manufactures and supplies injectables, oral shots, contact lens cleaning solutions, and respiratory products.

Traditional pharmaceuticals
₹491.75 crFY 2021-22
Not reported
991+10% 12 mo to Feb 2024LinkedIn · Jul 2026
12 yr2014
—No postings tracked

Brand offering skin, hair & health care products

Beauty & personal care products
₹425.64 crFY 2024-25
+31%2024–2025
1,812+86% 12 mo to Sep 2024recorded Sep 2024
18 yr2008
0none in 3 months · last posted Jun 2026

Manufacturer of sterile liquid parenterals using Aseptic BFS & ISBM technology

Traditional pharmaceuticals
₹276.09 crFY 2024-25
-2%2024–2025
346-3% 12 mo to Mar 2024LinkedIn · Jul 2026
29 yr1997
0none in 3 months · last posted Jan 2026

Limited information available

Traditional pharmaceuticals
₹259.27 crFY 2024-25
+11%2024–2025
103LinkedIn · Jul 2026
38 yr1988
0none in 3 months · last posted Jun 2026

Traditional company manufacturing branded generic products

Traditional pharmaceuticals
₹257.73 crFY 2024-25
+5%2024–2025
229LinkedIn · Jul 2026
21 yr2005
0none in 3 months

Manufacturer of pharmaceutical formulations for various therapeutic areas

Traditional pharmaceuticals
₹201.85 crFY 2024-25
-9%2024–2025
454+8% 12 mo to Aug 2024recorded Aug 2024
21 yr2005
0none in 3 months

Distributor & manufacturer of generic drugs

Traditional pharmaceuticals
₹195.51 crFY 2024-25
+6%2024–2025
6+17% 12 mo to Sep 2024LinkedIn · Jul 2026
45 yr1981
0none in 3 months

Provider of pharmaceutical products

Traditional pharmaceuticals
₹184.74 crFY 2024-25
+4%2024–2025
1,949+4% 12 mo to Sep 2024recorded Sep 2024
13 yr2013
0none in 3 months

Manufacturer of oral and injectable pharmaceutical products, including lyophilized injections

Traditional pharmaceuticals
₹178.90 crFY 2024-25
+14%2024–2025
306-10% 12 mo to Jul 2024LinkedIn · Jul 2026
22 yr2004
0none in 3 months · last posted Dec 2025

Manufacturer of IV fluids & infusion products

Traditional pharmaceuticals
₹175.67 crFY 2024-25
+4%2024–2025
156-2% 12 mo to Sep 2024LinkedIn · Jul 2026
46 yr1980
0none in 3 months

Pharmaceutical company focused on medicines

Traditional pharmaceuticals
₹152.89 crFY 2024-25
+0%2024–2025
45-30% 12 mo to Jul 2024LinkedIn · Jul 2026
39 yr1987
0none in 3 months

Manufacturer of drugs

Traditional pharmaceuticals
₹146.85 crFY 2024-25
+39%2024–2025
42+17% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months · last posted May 2026

Manufacturer of pharmaceutical reference standards, drug metabolites, and complex organic molecules

Traditional pharmaceuticals
₹144.48 crFY 2024-25
+19%2024–2025
453+13% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Generic pharmaceutical manufacturing company

Traditional pharmaceuticals
₹141.71 crFY 2024-25
+35%2024–2025
277LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Manufacturer of APIs, pharmaceutical drugs, and raw materials

Traditional pharmaceuticals
₹130.25 crFY 2024-25
+10%2024–2025
—Not available
7 yr2019
0none in 3 months

Manufacturer of diversified drugs

Traditional pharmaceuticals
₹103.49 crFY 2024-25
+32%2024–2025
61LinkedIn · Jul 2026
16 yr2010
0none in 3 months

Manufacturer of therapeutic products

Traditional pharmaceuticals
₹101.88 crFY 2024-25
-4%2024–2025
27-4% 12 mo to Sep 2024recorded Sep 2024
38 yr1988
0none in 3 months

Manufacturer of branded, generic formulations, active pharmaceutical ingredients, and nutraceuticals

Traditional pharmaceuticals
₹101.03 crFY 2024-25
+6%2024–2025
—Not available
43 yr1983
0none in 3 months
50 of 155 companies shown here · the full list is on Radar
Fliar Radar

Explore all 155 traditional pharmaceuticals companies in Ahmedabad on Radar

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

Open traditional pharmaceuticals in Ahmedabad on Radar
  • Every company, not just 50All 155 traditional pharmaceuticals companies in Ahmedabad, filterable by stage, funding, team size, revenue model and age.
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Explore traditional pharmaceuticals companies in Ahmedabad by what you are looking for

Browse top traditional pharmaceuticals companies in Ahmedabad, from generic drug makers to API and contract manufacturers. You can also find pharmaceutical startups in Ahmedabad and pharma companies hiring in Ahmedabad.

9 ways to explore traditional pharmaceuticals in Ahmedabad

Generic drug & formulation manufacturersAPI, CDMO & contract pharma companiesInjectable & drug delivery pharma companiesNutraceutical & supplement companiesAyurvedic & alternative medicine companiesPharmaceutical distributors & exporters

Generic drug & formulation manufacturers

Companies making generic and branded generic medicines and finished formulations.

  1. Nabros

    Manufacturer of branded, generic formulations, active pharmaceutical ingredients, and nutraceuticals

    Traditional pharmaceuticals
    See in list
  2. Onesta Lifecare

    Manufacturer of pharmaceutical products across various therapeutic areas and dosage forms

    Diversified pharmaceuticals
    Website
  3. Abaris Healthcare

    Traditional company manufacturing branded generic products

    Traditional pharmaceuticals
    See in list
  4. Ratnatris Pharmaceuticals

    Generic pharmaceutical manufacturing company

    Traditional pharmaceuticals
    See in list
  5. Uniza Group

    CDMO focused on manufacturing of tablet formulations

    Traditional pharmaceuticals
    See in list

API, CDMO & contract pharma companies

Makers of active pharmaceutical ingredients and contract development and manufacturing partners.

  1. Otsuka Pharmaceutical India

    Manufacturer of intravenous infusions and clinical nutrition products

    Traditional pharmaceuticals
    See in list
  2. Denis Chem Lab

    Manufacturer of IV fluids & infusion products

    Traditional pharmaceuticals
    See in list
  3. Elixir Pharma

    API Manufacturing, Product and Process Development, Intermediate Manufacturing

    Traditional pharmaceuticals
    Website
  4. Newedge Overseas

    Provider of API, FDF, intermediates, and nutraceuticals for biopharma sector

    Biopharma outsourcing
    Website
  5. KriGen Pharmaceuticals

    Developer of novel dosage forms including NDDS, parenteral, and ophthalmic

    Traditional pharmaceuticals
    Website

Injectable & drug delivery pharma companies

Manufacturers of injectables, parenteral products and novel drug delivery formulations.

  1. Claris Lifescences

    Online platform for pharmaceutical manufacturing and injectable therapies

    Traditional pharmaceuticals
    Website
  2. Otsuka Pharmaceutical India

    Manufacturer of intravenous infusions and clinical nutrition products

    Traditional pharmaceuticals
    See in list
  3. Amanta Healthcare

    Manufacturer of sterile liquid parenterals using Aseptic BFS & ISBM technology

    Traditional pharmaceuticals
    See in list
  4. Sakar Healthcare

    Manufacturer of oral and injectable pharmaceutical products, including lyophilized injections

    Traditional pharmaceuticals
    See in list
  5. Denis Chem Lab

    Manufacturer of IV fluids & infusion products

    Traditional pharmaceuticals
    See in list

Nutraceutical & supplement companies

Companies making nutraceuticals, dietary supplements and wellness products.

  1. Zeon Biotech

    Manufacturer and exporter of pharmaceutical and nutraceutical products

    Traditional nutraceuticals
    See in list
  2. Healsure Lifesciences

    Provider of website hosting and domain registration services

    Traditional pharmaceuticals
    Website
  3. Nabros

    Manufacturer of branded, generic formulations, active pharmaceutical ingredients, and nutraceuticals

    Traditional pharmaceuticals
    See in list

Ayurvedic & alternative medicine companies

Makers of ayurvedic, herbal and other alternative medicine products.

  1. Retrive Pharma

    Cosmetics and pharmaceuticals company that manufactures a range of products, including herbal medicines, veterinary medicines, and cosmetic products

    Alternative medicine products
    Website
  2. Arihant Remedies

    Manufacturer of ayurvedic and allopathy remedies

    Traditional pharmaceuticals
    Website
  3. Shayana Healthcare

    Pharmaceutical company that manufactures a wide range of pharmaceutical formulations, ayurvedic herbal products, and veterinary products

    Traditional pharmaceuticals
    Website
  4. Andishil Biotech

    Pharmaceutical company that offers a range of products, including herbal and ayurvedic solutions for hair and skin care

    Traditional pharmaceuticals
    Website

Pharmaceutical distributors & exporters

Pharma traders, wholesalers and exporters supplying medicines in India and abroad.

  1. Heet Healthcare

    Manufacturer, exporter, importer, trader, and wholesaler of pharmaceutical and surgical products

    Traditional pharmaceuticals
    See in list
  2. Brussels Laboratories

    Manufacturer of tablets, capsules, syrups, ointments, injections, eye drops, and more

    Traditional pharmaceuticals
    Website
  3. Soza Med

    Provider of generic and branded generic pharmaceutical medicines and related services

    Traditional pharmaceuticals
    Website

Pharmaceuticals startups in Ahmedabad

Recently founded pharma companies in Ahmedabad.

  1. Accent Biosciences

    Manufacturer of active pharmaceutical ingredients and pharmaceutical intermediate products

    Traditional pharmaceuticals
    Website
  2. CSP Lifesciences

    Pharmaceutical finished formulations sourcing, export, and marketing provider

    Traditional pharmaceuticals
    Website
  3. Retrive Pharma

    Cosmetics and pharmaceuticals company that manufactures a range of products, including herbal medicines, veterinary medicines, and cosmetic products

    Alternative medicine products
    Website
  4. Glarea Healthcare

    Provider of anti-cancer, hepatitis & HIV medicine supply pharmaceutical products

    Traditional pharmaceuticals
    Website
  5. Dyna healthcare

    Company that manufactures and exports a range of pharmaceutical finished products

    Traditional pharmaceuticals
    Website
11 companies in Ahmedabad

Pharmaceuticals companies hiring in Ahmedabad

Pharma companies in Ahmedabad with open jobs.

  1. RELIANCE

    Reliance

    Traditional pharmaceuticals
    See in list
  2. Cadila Pharmaceuticals Limited

    Manufacturer of pharmaceutical products

    Traditional pharmaceuticals
    Website
  3. Otsuka Pharmaceutical India

    Manufacturer of intravenous infusions and clinical nutrition products

    Traditional pharmaceuticals
    See in list
  4. Smart Laboratories

    Brand offering skin, hair & health care products

    Beauty & personal care products
    See in list
  5. Amanta Healthcare

    Manufacturer of sterile liquid parenterals using Aseptic BFS & ISBM technology

    Traditional pharmaceuticals
    See in list
9 companies in Ahmedabad

Listed pharmaceuticals companies in Ahmedabad

Publicly listed pharma companies based in Ahmedabad.

  1. ERIs Life Sciences

    Manufacturer of pharmaceutical formulations for chronic diseases

    Traditional pharmaceuticals
    See in list
  2. Corona Remedies

    Manufacturer of pharmaceutical products focused on women's health, cardio-diabetology, pain management, and urology

    Traditional pharmaceuticals
    See in list
  3. Amanta Healthcare

    Manufacturer of sterile liquid parenterals using Aseptic BFS & ISBM technology

    Traditional pharmaceuticals
    See in list
  4. Sakar Healthcare

    Manufacturer of oral and injectable pharmaceutical products, including lyophilized injections

    Traditional pharmaceuticals
    See in list
  5. Denis Chem Lab

    Manufacturer of IV fluids & infusion products

    Traditional pharmaceuticals
    See in list
11 companies in Ahmedabad
Mobile reach

Top 8 traditional pharmaceuticals apps from Ahmedabad

The most-installed Android apps published by traditional pharmaceuticals companies headquartered in Ahmedabad — 109K installs between them. 8 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 8
5

Nephrology Conferences

by Biokindle

Installs763
Rating—
Last updatedAug 2025
View on Google Play ↗
Nephrology Conferences screenshot 1Nephrology Conferences screenshot 2Nephrology Conferences screenshot 3Nephrology Conferences screenshot 4Nephrology Conferences screenshot 5Nephrology Conferences screenshot 6
8

HealthCare

by La Renon

Installs10
Rating—
Last updatedMar 2026
View on Google Play ↗
HealthCare screenshot 1HealthCare screenshot 2HealthCare screenshot 3
The business behind the activity

Traditional pharmaceuticals financials in Ahmedabad

Revenue, profit and growth from the filed annual accounts of 75 traditional pharmaceuticals companies in Ahmedabad, Gujarat for FY24-25 — 85 of the 155 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 99% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹560,053.87 cr

75 companies filing accounts

combined net profit₹36,064.55 cr

6.4% aggregate margin

are profitable80%

60 of 75 companies

median revenue~₹18.9 cr

the typical company

median revenue growth+10%

into FY24-25

earned by the top five99%

revenue concentration

Six-year view

Combined revenue of filing companies

₹372,862.89 crFY19-2066 filers
₹287,940.10 crFY20-2172 filers
₹467,463.75 crFY21-2276 filers
₹574,689.52 crFY22-2375 filers
₹10,766.95 crFY23-2475 filers
₹560,053.87 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

+21%
FY22-23₹9,162.31 cr₹843.07 cr net
FY23-24₹10,117.46 cr₹974.98 cr net
FY24-25₹11,099.68 cr₹798.39 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 cr922% profitable
₹1–10 cr1979% profitable
₹10–100 cr2492% profitable
₹100–1,000 cr1989% profitable
Over ₹1,000 cr4100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking16
0–20%32
20–50%14
50–100%6
Doubled+4

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

Profitability

Profit is concentrated at the top

60profitable
15loss-making
6.4%aggregate margin
3.5%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
JFL LIFE SCIENCESJfl Life Sciences Limited
Uniza GroupUNIZA LIFECARE PRIVATE LIMITED
Zeon BiotechZEON BIOTECH PRIVATE LIMITED
MedicointercontinentalMEDICO INTERCONTINENTAL LIMITED
Claroid PharmaceuticalsCLAROID PHARMACEUTICALS LIMITED
Caritas HealthcareCARITAS HEALTHCARE PRIVATE LIMITED+39%₹136.49 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
NabrosNABROS PHARMA PRIVATE LIMITED56.9%₹101.03 cr
SafeEndo Dental IndiaSAFEENDO DENTAL INDIA PRIVATE LIMITED
SynZealSYNZEAL RESEARCH PRIVATE LIMITED24.5%₹144.48 cr
Saga LaboratoriesSAGA LIFESCIENCES LIMITED21.9%₹195.51 cr
La RenonLA RENON HEALTHCARE PRIVATE LIMITED17.0%₹1,439.25 cr
Stallion LaboratoriesSTALLION LABORATORIES PVT LTD15.2%₹259.27 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Traditional pharmaceuticals72₹559,570.40 cr~₹16.6 cr79%6.4%
Leaders

Largest traditional pharmaceuticals companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
RELIANCEReliance Industries Limited₹548,886.00 cr₹35,262.00 cr6.4%—
Cadila Pharmaceuticals LimitedCADILA PHARMACEUTICALS LIMITED₹2,602.93 cr₹73.96 cr+1%
ERIs Life SciencesERIS LIFESCIENCES LIMITED₹1,733.26 cr₹77.39 cr4.5%+14%
La RenonLA RENON HEALTHCARE PRIVATE LIMITED₹1,439.25 cr₹245.00 cr17.0%+18%
AculifeACULIFE HEALTHCARE PRIVATE LIMITED₹648.05 cr₹20.35 cr3.1%+4%
Lincoln PharmaLINCOLN PHARMACEUTICALS LTD₹645.71 cr₹82.35 cr12.8%+5%
Smart LaboratoriesSMART LABORATORIES PRIVATE LIMITED₹425.64 cr₹2.58 cr0.6%+31%
Amanta HealthcareAMANTA HEALTHCARE LIMITED₹276.09 cr₹10.50 cr3.8%-2%
Stallion LaboratoriesSTALLION LABORATORIES PVT LTD₹259.27 cr₹39.34 cr15.2%+11%
Abaris HealthcareABARIS HEALTHCARE PRIVATE LIMITED₹257.73 cr₹35.02 cr13.6%+5%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

Industry landscape report

Chemicals and Materials Industry Landscape of Ahmedabad

The financials above are one chapter. The full traditional pharmaceuticals landscape of Ahmedabad 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 traditional pharmaceuticals landscape of Ahmedabad
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

Traditional pharmaceuticals funding and M&A across India

129 recorded equity rounds have gone to 2,116 traditional pharmaceuticals companies in India — how much, at which stage, into which sub-sectors, from whom, and how Ahmedabad compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months1

US$270.00m

equity rounds, last 24 months4

US$276.13m

raised over five yearsUS$675.09m

30 rounds in India

M&A deals, India156

last 24 months

Capital by year

Equity funding into traditional pharmaceuticals in India

amount rounds
$395m20188
$57m20196
$33m20206
$143m20217
$139m20228
$31m20235
$87m20247
$5.9m20252
$270m20261

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2018, with US$395.04m across 8 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$4.24m5 rounds · median US$289k
SeedUS$10.20m10 rounds · median US$606k
Series AUS$6.87m3 rounds · median US$3.43m
Series BUS$59.83m4 rounds · median US$13.72m
Series CUS$142.79m2 rounds · median US$71.40m
Series D+US$34.18m1 rounds · median US$34.18m
Private equityUS$416.97m5 rounds · median US$32.71m
Where the money went · five years

Most-funded sub-sectors

Traditional pharmaceuticalsUS$639.51m26 rounds · 20 companies
Biopharma outsourcingUS$34.18m1 rounds · 1 companies
Medical research labsUS$1.20m1 rounds · 1 companies
Food & beverage productsUS$200k1 rounds · 1 companies
Traditional nutraceuticalsUS$0k1 rounds · 1 companies
Corporate activity · last 24 months

M&A in India

148Acquisition
8Merger

Most active acquirers

  1. Sun pharmaceutical industries10
  2. Biocon9
  3. Mankind pharma9
  4. Aurobindo pharma8
  5. Corona remedies6

Most acquired or merged

  1. Novartis india7
  2. La Renon Healthcare6
  3. Medley4
  4. Encube ethicals4
  5. Checkpoint therapeutics4

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

Traditional pharmaceuticals funding in Ahmedabad

7 traditional pharmaceuticals companies in Ahmedabad have recorded equity funding, US$217.82m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Ahmedabad

Meet the people behind traditional pharmaceuticals companies in Ahmedabad. 60 of 155 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Keep exploring traditional pharmaceuticals in India and nearby markets.

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