India has experienced a rise in the number of biotech startups in recent years as more businesspeople see the possibilities for innovation and expansion in the industry. These start-ups are working on a variety of cutting-edge technologies and solutions, such as creating novel medications and treatments, enhancing agricultural productivity, and figuring out how to lessen the environmental pollution. In this post, We’ll talk about Top 10 Biotech Startups In India | Best Biotech Companies 2024.
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Biotechnology is one of the fastest-growing industries in India. The industry is expected to reach a market size of $100 billion by 2025. This growth is driven by increasing demand for new technologies, advances in biotechnology research and development, and government initiatives aimed at providing support to the industry. With the increase in the number of biotech companies in the country, it has become increasingly important to know which are the most successful and innovative. This article will introduce some of the top Biotech Industries in India.
Top 10 Biotech Startups In India | Best Biotech Companies 2024
Serum Institute of India
Serum Institute of India is a leading biotech company in India, headquartered in Pune. It was formed in 1966 by Cyrus Poonawalla and is a subsidiary of the Cyrus Poonawalla Group. It is the world’s largest vaccine producer.
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Serum Institute of India is rated with a score of 4.2 out of 5 based on 233 reviews. The organization has collaborated with AstraZeneca, a British-Swedish multinational pharmaceutical corporation that has developed ‘Covishield’ in collaboration with Oxford University.
Biocon
Biocon is one of India’s leading biotechnology companies with its innovative research and development department. Biocon, with the help of its highly skilled scientists, has developed medicines for various diseases and also has a strong presence in the generic market.
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They launched many important products like insulin and cancer medicine. People all over the world have praised Biocon. This makes the company one of the top three players in the business.
Dr. Reddy’s Laboratories
Dr. Reddy’s Laboratories is one of the most respected biotech companies in India. Kallam Anji Reddy founded the organization in 1984. Dr. Reddy’s started with the manufacturing of Active Pharmaceutical Ingredients.
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Currently, the business manufactures approximately 190 pharmaceuticals, as well as 60 active pharmaceutical ingredients (APIs), for drug formulations, diagnostic devices, intensive care, and biotech.
Bharat Serums and Vaccines Limited (BSV)
Bharat Serums and Vaccines Limited (BSV) is India’s fastest-expanding Bio-Pharmaceutical company. Bharat Serums Vaccines was founded in 1971 by the Late Dr. Vinod Daftar.
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The organization uses scientific resources to develop a variety of biotech, biological, and pharmaceutical products. They directly impact patient outcomes within the therapeutic areas of women’s health, critical care, and IUI-IVF and are privileged to be the IUI-IVF partner of choice.
Sea6 Energy
The mission of Sea6 Energy, which was established in 2010 on the campus of IIT Madras, is to ethically and sustainably harness the oceans to create an energy-independent future for humanity.
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A group of PhDs in engineering, agriculture, and biotechnology came up with the idea for Sea6 Energy, which was established to provide eco-friendly land-based alternatives using ocean potential as a source of renewable energy.
Indian Immunologicals Ltd
Indian Immunologicals Limited is owned by the National Dairy Development Board(IIL). It is famous for performing foot and mouth disease, rabies, and bacterial vaccination, veterinary and human vaccination.
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IIL is a major supplier of DPT, TT, and Hepatitis B vaccines for India’s Comprehensive Universal Immunization Program. IIL has three vaccine manufacturing units in India. Indian Immunologicals Limited was established in 1982 by the National Dairy Development Board.
Panacea Biotec
Panacea Biotec is a privately owned organization and a manufacturer of generic and specialty pharmaceuticals as well as vaccines. With effective field staff and executives, the company is all set to feature in the list of top Biotech companies in India.
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Panacea Biotec grew organically and became one of the largest vaccine manufacturers in India. Russian Direct Investment Fund (RDIF) and Panacea Biotech jointly produced the ‘Sputnik V’ COVID-19 vaccine in India.
MedGenome
The startup, MedGenome, was established in 2013 by Sam Santosh. It strives to offer customised genetic tests and medications. It has working genres dispersed for a variety of illnesses, including diabetes, neurological disorders, and cancer.
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A pioneer in customised medicine, MedGenome Inc. offers novel genetic treatments for immuno-oncology, diabetes, ophthalmology, cardiology, and other uncommon disorders.
Forus Health
In 2010, K. Chandrasekhar, founded Forus health. A medical technology startup called Forus Health has a bold ambition: to end preventable blindness, one of the biggest problems in modern medicine.
Leading investors including Accel Partners, Asian Healthcare Fund, Team Fund, and NewQuest Ventures back Forus health in their goal to scale internationally.
GlaxoSmithKline Pharmaceuticals Ltd
GlaxoSmithKline is one of the top Biotech companies in India. It is involved in both the pharmaceutical and biotechnology industries. Companies specializing in drugs and vaccines. Its prescription drugs are related to therapeutic areas such as anti-infectives, dermatology, gynecology, diabetes, oncology, and cardiovascular and respiratory diseases.
GSK is one of the world’s leading research-based pharmaceutical companies that discovers, develops, manufactures, and markets human health solutions. It was established in 1924 and is headquartered in Mumbai.
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Shanhta Biotech
Shantha Biotech is headquartered in Hyderabad, India. The company was founded by Dr. K.I. Varaprasad Reddy and Khaleel Ahmed in 1993. The company aims to produce affordable medicines for the masses while maintaining international standards in quality.
Maintaining its pioneering position in the field of biotechnology, Shantha is now one of the most recognized names in the industry.
In conclusion, government backing and programmes to promote innovation in the field have helped biotech firms in India see tremendous growth in recent years. These firms are working to discover new treatments and therapies, increase agricultural output, and find solutions to minimise pollution, among other significant problems.
The biotech startup ecosystem in India still has to overcome some obstacles, such as restricted access to capital and experienced labor as well as low public awareness of the potential of biotech solutions.
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This was our selection of the Top 10 Biotech Startups In India | Best Biotech Companies 2024. We hope this is useful to you. The order of this list is random.
Despite these difficulties, India’s biotech businesses have a promising future. These forward-thinking businesses can significantly advance industries as diverse as healthcare, agriculture, and environmental protection with ongoing backing and the appropriate resources.
The Biotech company list was prepared based on information gathered from various reliable sources. Top Biotech companies in India are at the forefront of progress in the biotechnology industry. These companies are responsible for developing new technologies and products that can improve healthcare, increase productivity, and improve quality of life. These companies are involved in various sectors such as drug discovery, diagnostics, and biotechnology products.
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The future looks very bright for biotechnology companies in India, and every year you will see more and more promising companies emerging from India. We hope this article helped you identify the top Biotechnology companies in India.
Frequently Asked Questions (FAQs)
Which are the Top 10 Biotech Startups In India | Best Biotech Companies 2024?
Serum Institute of India, Biocon, Dr. Reddy’s Laboratories, Sea6 Energy, Indian Immunologicals Ltd, Panacea Biotec, MedGenome, Forus Health, GlaxoSmithKline Pharmaceuticals Ltd, and Shanhta Biotech are the Top 10 Biotech Startups In India | Best Biotech Companies 2024.
Who is the founder of the Serum Institute of India?
Serum Institute of India is a leading biotech company in India, headquartered in Pune. It was formed in 1966 by Cyrus Poonawalla and is a subsidiary of the Cyrus Poonawalla Group.
Who is the founder of Dr. Reddy’s Laboratories?
Dr. Reddy’s Laboratories is one of the most respected biotech companies in India. Kallam Anji Reddy founded the organization in 1984.
