25 Best Biotech Companies in India (2023)

Looking for biotechnology companies? Here are the top best biotech companies in India in terms of market cap, product range, net revenue, net assets, profits, and financial ratios.

The Department of Biotechnology was established in India under the Ministry of Science and Technology in the year 1986. The Indian Biotechnology industry was valued at $80.12 billion in 2022 and is expected to reach $150 billion by 2025. (Source: Invest India)

The Indian biotech industry comprises more than 2,700 Biotech Startups and 2,500+ Biotechnology companies in India. These are divided into five divisions namely, Bio-Agriculture, Bio-Pharmaceuticals, Bio-Services, Bio-Industrial, and Bio-IT.

Biopharmaceuticals contributed approximately 58% to the Indian Biotech market which was followed by Bio-Agriculture (19%) and Bio-Services (15%).

The Biotechnology Industry Research Assistance Council (BIRAC) was set up by the Department of Biotechnology intending to foster innovation and ensure the global competitiveness of the industry. In addition, 9 Biotech Parks and several incubators were set up by the Government of India to support research initiatives in Biotechnology.

The biotech companies mentioned in this list have contributed significantly to the Indian bio-pharma industry.

Read More: 11 Best Medical Devices Companies in India

Top Biotech Companies in India

Biotech Companies in India	Founded	Market Capital (Crores)
Biocon Limited	1978	₹49,116
GSK India	2000	₹45,117
Syngene International Ltd.	1993	₹26,421
Jubilant Life Sciences Limited	1978	₹11,357
AstraZeneca Pharma India Ltd.	1979	₹8,745
Wockhardt	1967	₹6,222
Sun Pharma Advanced Research Company	2006	₹6,564
Panacea Biotec	1984	₹2,095
Bharat Biotech	1996	₹264
Serum Institute of India Pvt. Ltd.	1966	₹55
Alpa Laboratories Ltd.	1988	₹106
Vivo Bio Tech Ltd.	1987	₹124
Camson Bio Technologies Ltd	1993	₹10.11
Genomic Valley Biotech Ltd.	1994	₹8.47
Celestial Biolabs Limited	1997	₹4.56

Best Biotech Companies in India

The biotech companies mentioned in this list are based on the products, market capitalization, assets, net profits, services, reviews from clients, revenue, turnover, and other financial ratios.

So without further ado, let’s take a closer look at the best Biotech companies in India in 2023.

1. GlaxoSmithKline Pharmaceuticals

GlaxoSmithKline Pharmaceuticals Ltd holds the #1 spot in vaccines company in the self-pay segment. The R&D pipeline of the country contains 37 potential new medicines and 15 new vaccines.

Top Pharma brands of GSK include Betnovate, Calpol, Augmentin, and Eltroxin. The company introduced prominent vaccines such as Synflorix and Rotarix.

GSK generates 83% of the total revenue from pharmaceuticals and 17% from vaccines.

• Headquarters: Mumbai, India
• Chairperson: R.S. Karnad
• Founded: 2000
• Total Permanent Employees: 4,364

2. Bharat Serums and Vaccines Limited

Bharat Serums and Vaccines Limited (BSV) is one the best biotech companies in India which is widely acclaimed to serve for more than 4 decades now. They have used scientific resources to develop a range of biological, biotech, and pharmaceutical products.

Today, they influence patient outcomes in the therapeutic areas of Women’s health and Critical Care, and IUI-IVF, and have the privilege of being a partner of choice.

With a registered corporate office in Navi Mumbai, their range of products is from various fields such as Gynecology, assisted reproductive technology, critical care, emergency medicine, neurology, nephrology & hematology, and urology.

3. Biocon Limited

Biocon is one of the largest biotechnology companies in India. The company focuses on continuous innovation to manufacture life-saving medicines at an affordable cost.

This is evident from the humongous amount of ₹5,271 million spent on R&D activities in the previous year.

Holding over 1220 patents, the company is working on its psoriasis biologic drug ALZUMAb™ in the fight against the global pandemic.

Biocon is one of the best biotech companies in India manufacturing Gliptins, Peptides, Anti-obesity, Immunosuppressants, Statins, Fungins, Multiple Sclerosis, and Oncology drugs.

• Headquarters: Bengaluru, India
• Executive Chairperson: Kiran Mazumdar Shaw
• CEO and Managing Director: Siddharth Mittal
• Founded: 1978
• Total Permanent Employees: 3,155

4. Dr. Reddy Laboratories Ltd

Dr. Reddy Laboratories is arguably one of the best biotech companies in India which was Incorporated in 1984 by the Scientist and Founder Dr. K Anji Reddy. The company was formed with the sole purpose to make medicines accessible to everyone.

Beginning with the manufacture of active ingredients (APIs) for Ibuprofen and then Methyldopa, the anti-hypertensive drug previously unavailable in India, the company later branched into formulations.

In 1988, it became the largest exporter of Ibuprofen API in India with sales to the US, Spain, Italy, and Japan. Over time it began to export active ingredients for Norfloxacin and Ciprofloxacin to Europe and the Far East in 1990 being the first Indian pharmaceutical company.

The common products are available under a brand name, such as Omez (Omeprazole), Nise (Nimesulide), Ketorol (Ketorolac Tromethamine), Stamlo (Amlodipine Besylate), Razo (Rabeprazole), among many others.

5. Jubilant Life Sciences Limited

Jubilant Pharma is arguably one of the best biotech companies in India having a presence in over 100 countries across the globe.

The product portfolio ranges from CVF, CNF, and anti-infective to anti-diabetic drugs. Aiming to reduce the environmental footprint, sustainability is a core aspect of their business.

The company has a Sustainability and CSR team in place for monitoring Social, Environment, and Economic progress.

• Headquarters: Uttar Pradesh, India
• Chairman: Shyam S Bhartia
• Founded: 1978
• Total Permanent Employees: 6,643

6. AstraZeneca Pharma India Ltd 

AstraZeneca Pharma India is a biopharmaceutical organization whose Indian manufacturing facility has been rated as one of the finest in Southeast Asia.

Their core therapy areas include Cardiovascular, Renal & Metabolic Diseases, Oncology, Respiratory, Inflammation & Autoimmunity. A few note-worthy brands of the company are Forxiga, Brilinta, and Imfinzi.

• Headquarters: Bengaluru, India
• Chairman:  Narayan K Seshadri
• Founded: 1979
• Total Permanent Employees: 1,325

7. Bharat Biotech

Covaxin, a well-known product of Bharat Biotech is now a name known across the nation. Having over 160 patents in its name, the leading biotech company quickly aligned its processes to save the world.

They are the biggest rabies shot producer and have rolled out a business model tied to patient needs. To capture emerging markets, they are building a robust product pipeline to fuel long-term growth.

• Headquarters: Mumbai, India
• Executive Director & CEO: Vivek K. Agnihotri
• Founded: 1992
• Total Permanent Employees: 7,412 (2020)

8. Sun Pharma Advanced Research Company

Sun Pharma Advanced Research Company was formed when there was a corporate restructuring of Sum Pharma. The main focus of the company is innovation in therapeutics and delivery.

They aim to improve the standards of patient care through out-of-the-box thinking and ideation. Partnering with the University of Michigan in 2020, the organization plans to commence R&D for the development of new medicines.

• Headquarters: Mumbai, India
• Chairman & Managing Director: Dilip S Shanghvi
• Non-Executive Director: Sudhir V Valia
• Founded: 2006
• Total Permanent Employees: 36,000+

9. Novozymes

Novozymes is one of the most reputed biotech companies in India it was founded in 1921 in Denmark and later moved across multiple continents and countries including India. The business model of the company is to form the framework for how they use resources to live up to the purpose, meet their long-term goals, and develop meaningful partnerships.

Their business is about turning science into sustainable biological solutions in a growing world. For that, they actively use enzymes and microorganisms as a starting point to unlock business opportunities.

From enabling farmers to feed animals more efficiently to creating greener, high-performing solutions for household cleaning, innovations are paving the way for a better tomorrow.

10. Syngene International Ltd.

Boasting a team of more than 4,200 scientists and 400+ patents, Syngene utilizes cutting-edge scientific research to nurture animal and human health. They have manufacturing facilities in Bengaluru and Mangaluru along with laboratories in Bengaluru and Hyderabad.

The company’s R&D and manufacturing facilities provide scientific services to the following sectors namely: Animal Health, Consumer Goods, Pharmaceutical, Biotechnology, Speciality Chemical Companies, and Nutrition.

• Headquarters: Mumbai, India
• Chairperson & Non-Executive Director: Kiran Mazumdar Shaw
• Managing Director and CEO: Jonathan Hunt
• Founded: 1993
• Total Permanent Employees: 2,685

11. Wockhardt

Wockhardt provides a reliable supply of medicines and vaccines across the world. Six New Chemical Entities (NCEs) have been developed under its novel antibiotics program.

7,000+ professionals across 27 nationalities worldwide help the company deliver world-class care services. They are among the top 4 companies in Cough Preparations. This company secures the #6 spot on the list of top biotech companies in India.

Apart from that, they actively participate in CSR activities. The Wockhardt Skills Development Institute trained 2400 students in FY 2019-20.

• Headquarters: Aurangabad, India
• Founder Chairman: Habil Khorakiwala
• Founded: 1967
• Total Permanent Employees: 5,106

12. Panacea Biotec

Panacea Biotec administered 10 billion+ doses for immunity against Polio in developing countries. This is arguably one of the best biotech companies in India. With a mission to innovate in support of life, their goal is to meet all healthcare needs with Panacea products.

The company recorded a turnover of Rs.1,404 million in the last financial year through its vaccine business. Panacea registered 440+ patents in their name and 110+ are under process.

• Headquarters: Punjab, India
• Chairman: Soshil Kumar Jain
• Founded: 1984
• Total Permanent Employees: 849

13. Vivo Bio Tech Ltd.

Vivo Bio Tech Ltd. assists pharmaceutical & biotech companies in drug development & discovery.

They aim to build strategic global and regional partnerships to make high-quality healthcare consulting available to the market. Making significant headway in the commercialization of multiple products, they offer preclinical development services.

• Headquarters: Hyderabad, India
• WholeTime Director & CFO: K.T.V Kaladhar
• Whole Time Director: M Kalyan Ram
• Founded: 1987
• Total Permanent Employees: 175

14. Serum Institute of India Pvt. Ltd. 

Serum Institute is one of the top biotech companies in India rapidly gaining market shares with its COVID-19 vaccine COVISHIELD. The organization’s state-of-the-art Vaccines Formulations Facility is helping them expand its global footprint.

They are transforming patient lives through the introduction of therapies that improve treatment outcomes while enhancing their health and well-being.

• Headquarters: Pune, India
• Chairman and Managing Director: Dr. Cyrus S. Poonawalla
• CEO: Mr. Adar C. Poonawalla
• Founded: 1966

15. Alpa Laboratories Ltd.

Alpha Labs manufactures capsules, gels, creams, ointments, ear and eye drops, injections, and tablets for human use.

Apart from that, it has products like Alpamin Bolus and Gentamicin Inj. BP Vet. for animals. They utilize differentiated technologies to transform healthcare and focus on the kind of innovation that binds affordability with accessibility.

• Headquarters: Indore, India
• Chairman: Mahendra Singh Chawla
• Founded: 1988
• Total Permanent Employees: 405

16. Camson Bio Technologies Ltd.

Camson Bio Technologies Ltd is an agriculture biotech company selling products in two segments namely Seeds & Vegetables and Agri Biotech Products.

To sell a wide range of goods, Camson blends conventional agricultural expertise with the latest developments in safety and security. These include non-poisonous, eco-friendly, and residue-free hybrid crops, bio-fertilizers, and biocides.

• Headquarters: Bangalore, India
• Managing Director/Compliance Officer: Dhirendra Kumar
• Founded: 1993
• Total Permanent Employees: 250

17. Genomic Valley Biotech Ltd.

Genomic Valley Biotech Ltd was previously called M/S Tushar Agribusiness Consortium India Ltd. It was built to conduct research in Biotechnology and produce Tissue Cultured Plants. Tissue culture utilizes small pieces of plant tissue which are cultivated in a nutrient medium.

• Headquarters: Haryana, India
• Non-Executive Director: Parul Agrawal
• Managing Director and CEO: Yogesh Agrawal
• Founded: 1994

18. Celestial Biolabs Limited.

Biotechnological products are the forte of Celestial Labs Limited. Some of their Proprietary products include Biovita, Rhumacel, Bioliv, and Cel-Digest.

They offer a wide range of Syrups, Capsules, and Granules to unlock value for stakeholders. As a part of CSR, they have adopted villages and districts in 6 states of India impacting more than a thousand lives as a part of this initiative.

• Headquarters: Hyderabad, India
• Managing Director: A N Singh
• Whole Time Executive Director & CEO: Amit Kumar Singh
• Founded: 1997

Other Biotech Companies in India

1. ADINATH BIO-LABS LTD.
2. Indian Immunologicals Limited
3. Shantha Biotechnics Limited
4. Genesis Ibrc India Ltd
5. MAVENS BIOTECH LTD.
6. SAAMYA BIOTECH (INDIA) LTD.
7. Shree Ganesh Biotech (India) Ltd.

Final Thoughts on Best Biotech Companies in India

India is among the world’s top biotechnology destinations. Biotechnology research in India is largely financed by the public exchequer, unlike developed economies like the United States.

The above biotech companies in India are ranked based on the range of packaging products & films, annual income, market capital, orders taken in, and sales turnover.