Pharmaceutical Companies in Hyderabad (2026): The Largest Firms, Genome Valley and Pharma City
Vibcare Pharma
05/10/26
At a glance: largest pharma companies headquartered in Hyderabad
| Rank | Company | Revenue (₹ crore, year) | Founded | Listed |
|---|---|---|---|---|
| 1 | 1Aurobindo Pharma | 33,653 (FY26) | 1986 | Yes |
| 2 | 2Dr. Reddy's Laboratories | 33,593 (FY26) | 1984 | Yes |
| 3 | 3Hetero (unlisted) | 16,404 (FY25) | 1993 | No |
| 4 | 4Divi's Laboratories | 10,560 (FY26) | 1990 | Yes |
| 5 | 5Laurus Labs | 6,813 (FY26) | 2005 | Yes |
| 6 | 6Gland Pharma | 6,431 (FY26) | 1978 | Yes |
| 7 | 7Granules India | 5,366 (FY26) | 1984 | Yes |
| 8 | 8Biological E (unlisted) | 4,976 (FY26 provisional) | 1953 | No |
| 9 | 9Natco Pharma | 4,078 (FY26 sales) | 1981 | Yes |
| 10 | 10Cohance Lifesciences | 2,269 (FY26) | — | Yes |
| 11 | 11Sai Life Sciences | 2,192 (FY26) | 1999 | Yes |
| 12 | 12Neuland Laboratories | 2,023 (FY26) | 1984 | Yes |
| 13 | 13Bharat Biotech (unlisted) | 1,463 (FY25) | 1996 | No |
Revenue, ₹ crore (latest year)
Bars are drawn to scale. FY26 figures except Hetero (Hetero Labs, FY25 total operating income), Biological E (FY26 provisional) and Bharat Biotech (FY25).
Why Hyderabad is a pharma hub
Hyderabad and the wider Telangana region have a large base of manufacturing, research and vaccine companies, a dedicated life sciences cluster and state policy support.
The Telangana government states that the state accounts for 40% of India's pharmaceutical production, one-third of global vaccine output, 40% of India's active pharmaceutical ingredients (APIs), more than 269 USFDA-approved facilities and over 2,000 life sciences companies. The same state portal cites the CBRE Atlas 2025, which places Telangana 7th among global life sciences hubs. These are state-government figures and relate to Telangana as a whole, not to Hyderabad city alone.
Invest India, the Government of India's investment promotion portal, adds that Telangana accounts for 40% of India's drug production and 50% of the country's bulk drug (API) exports. It also describes Genome Valley as India's largest life sciences cluster.
Genome Valley
Genome Valley is described by the Telangana government as India's first organised life sciences research and development and manufacturing cluster. It hosts more than 250 companies from 18 countries, about 2.5 million square feet of laboratory space, and roughly 20,000 scientific professionals.
The cluster was commissioned in 1999 as the S.P. Biotech Park, and covers about 2,000 acres. Bharat Biotech, one of the companies listed on this page, was founded in Genome Valley.
Hyderabad Pharma City: the changing status
The Hyderabad Pharma City project was announced on 24 March 2018 as a 19,000-acre pharmaceutical cluster. Reports indicate it was scrapped in February 2024 and replaced by a plan for "Pharma Villages".
In November 2024, memoranda of understanding worth ₹5,260 crore were signed for the Mucherla site. The Telangana Life Sciences Policy 2026-30, unveiled in January 2026, targets USD 25 billion in investment and 5 lakh jobs by 2030, and speaks of a "Green Pharma City" and 10 Pharma Villages. No source reviewed for this page shows that commercial production has started at the Pharma City site, so it should be read as a project in progress, not an operating park.
The largest pharma companies in Hyderabad, in detail
The companies below are headquartered in Hyderabad and are listed in the same order as the table above, with their founding, products, revenue and listing status.
Aurobindo Pharma
- Revenue ₹33,653 cr
- Founded 1986
- NSE · BSE
Aurobindo Pharma was incorporated in 1986 by P.V. Ramprasad Reddy and K. Nityananda Reddy, and has its head office at HITEC City. It makes generics and APIs, injectables (through Eugia) and biosimilars. Consolidated revenue was ₹33,653 crore in FY26, against ₹31,724 crore in FY25. The company is listed on the NSE and BSE, and its market capitalisation was about ₹96,281 crore on 5 October 2026.
Dr. Reddy's Laboratories
- Revenue ₹33,593 cr
- Founded 1984
- NSE · BSE · NYSE
Dr. Reddy's Laboratories was founded in 1984 by Dr K. Anji Reddy. Its businesses cover generics, APIs, innovative medicines and consumer health. Revenues were ₹33,593 crore in FY26. The shares are listed on the NSE and BSE as well as on the New York Stock Exchange, and market capitalisation was about ₹1,00,379 crore on 5 October 2026.
Hetero
- Revenue ₹16,404 cr (FY25)
- Founded 1993
- Unlisted
The Hetero group was established in 1993 by Dr B. Partha Saradhi Reddy; Hetero Labs Ltd itself was incorporated earlier, in 1989. The group makes APIs and formulations, including antiretrovirals. Hetero Labs reported consolidated total operating income of ₹16,404 crore in FY25, according to a CARE Ratings rationale dated 24 September 2025. Hetero is privately held and not listed on any stock exchange.
Divi's Laboratories
- Revenue ₹10,560 cr
- Founded 1990
- Listed
Divi's Laboratories was founded in 1990 and is headquartered at Gachibowli. It produces APIs and offers custom synthesis, along with carotenoid nutraceuticals. Revenue was ₹10,560 crore in FY26, compared with ₹9,360 crore in FY25. The company is listed on the stock exchanges.
Laurus Labs
- Revenue ₹6,813 cr
- Founded 2005
- Listed
Laurus Labs was founded in 2005 by Dr Satyanarayana Chava. It makes APIs in areas including antiretrovirals and oncology, generic formulations, and provides contract development and manufacturing (CDMO) services. Revenue was ₹6,813 crore in FY26 against ₹5,554 crore in FY25. The company is listed.
Gland Pharma
- Revenue ₹6,431 cr
- Founded 1978
- Listed
Gland Pharma was founded in 1978 by P.V.N. Raju and specialises in generic injectables. Fosun Pharma is the promoter. Revenue was ₹6,430.7 crore in FY26, up from ₹5,616 crore in FY25. The company is listed, having gone public in 2020.
Granules India
- Revenue ₹5,366 cr
- Founded 1984
- Listed
Granules India was founded in 1984 by Krishna Prasad Chigurupati. It makes APIs, pharmaceutical intermediates and finished dosage forms, including paracetamol, metformin and ibuprofen. Revenue was ₹5,366 crore in FY26. The company is listed.
Biological E
- Revenue ₹4,976 cr (prov.)
- Founded 1953
- Unlisted
Biological E was founded in 1953 as Biological Products Pvt Ltd by Dr D.V.K. Raju. Its portfolio includes vaccines (such as a tetanus vaccine, Corbevax and a pneumococcal conjugate vaccine), anti-venom and heparin. Consolidated revenue was ₹4,977.2 crore in FY25 and a provisional ₹4,976.0 crore in FY26, according to an ICRA document dated 30 June 2026. The company is unlisted.
Natco Pharma
- Revenue ₹4,078 cr
- Founded 1981
- Listed
Natco Pharma was founded in 1981 by V.C. Nannapaneni. It works in oncology, cardiology and diabetology. Sales were ₹4,078 crore in FY26. The company is listed.
Cohance Lifesciences
- Revenue ₹2,269 cr
- Listed
Cohance Lifesciences, formerly known as Suven, is active in CDMO, APIs and specialty chemicals. Revenue was ₹2,269 crore in FY26. The company is listed.
Sai Life Sciences
- Revenue ₹2,192 cr
- Founded 1999
- Listed
Sai Life Sciences was founded in 1999 and works in contract research, development and manufacturing. Revenue was ₹2,192 crore in FY26, against ₹1,695 crore in FY25. The company was listed in December 2024.
Neuland Laboratories
- Revenue ₹2,023 cr
- Founded 1984
- Listed
Neuland Laboratories was founded in 1984 by Dr Davuluri Rama Mohan Rao. It makes APIs and peptides and offers CDMO services. Revenue from operations was ₹2,023 crore in FY26. The company is listed.
Bharat Biotech
- Revenue ₹1,463 cr (FY25)
- Founded 1996
- Unlisted
Bharat Biotech was founded in 1996 by Dr Krishna Ella in Genome Valley. It makes vaccines, including Typbar-TCV, Rotavac, Covaxin and JENVAC. Revenue was ₹1,462.9 crore in FY25, according to an ICRA document dated 29 August 2025. The company is unlisted.
MSN Laboratories
- Founded 2003
- Unlisted
MSN Laboratories is another large privately held company headquartered in Hyderabad. Founded in 2003 by Dr Manne Satyanarayana Reddy, it reports more than 450 APIs and more than 300 finished dosages on its own company site. It is unlisted, and no verified revenue figure is available from the sources used here, so it is not included in the ranked table.
Vaccine makers in Hyderabad
Two of the companies on this page, Bharat Biotech and Biological E, are vaccine makers, and the state government claims that Telangana accounts for one-third of global vaccine output.
- Bharat Biotech — founded 1996 by Dr Krishna Ella in Genome Valley; unlisted; vaccines in its portfolio include Typbar-TCV, Rotavac, Covaxin and JENVAC; FY25 revenue ₹1,462.9 crore.
- Biological E — founded 1953 by Dr D.V.K. Raju; unlisted; makes vaccines (including a tetanus vaccine, Corbevax and a pneumococcal conjugate vaccine), anti-venom and heparin; FY26 provisional revenue ₹4,976.0 crore.
Both companies are privately held, so their figures come from credit-rating documents rather than stock-exchange filings.
Working in Hyderabad's pharma industry
Hyderabad has pharmaceutical, vaccine, API and contract research employers in one metropolitan area, from the large listed companies on this page to private manufacturers.
The Telangana government counts more than 2,000 life sciences companies in the state and over 269 USFDA-approved facilities. Genome Valley alone is claimed to host 250+ companies from 18 countries, about 2.5 million square feet of laboratory space and around 20,000 scientific professionals.
This page does not publish salary figures, since no sourced pay data is available in the materials used. Job seekers should check the career pages of individual companies and the job portals directly for current openings and terms.
Starting a pharma business: the PCD franchise route
One route into the pharmaceutical trade that does not require building a factory is the PCD (propaganda cum distribution) pharma franchise, in which a pharma company appoints a partner to market and distribute its products in a defined area.
Under this model, the partner typically needs a wholesale drug licence and GST registration before starting. Franchise companies appoint partners area by area, and the scope, product list and commercial terms are set out in an agreement with the company.
Vibcare Pharma is based in Panchkula, Haryana — its corporate office is at Plot No 4, HSIIDC IT Park, Sector 22, Panchkula 134109 — not in Hyderabad. The company was incorporated in 2014 and began commercial operations in 2015. It appoints PCD franchise partners district by district across India, including in Telangana, with one partner per district and monopoly rights confirmed in writing. It has products across 11 divisions and more than 5,000 partners. Its manufacturing company, Vibcare Healthcare, owns a WHO-GMP plant at Village Dabkori, Panchkula (1 lakh sq ft on five acres; WHO-GMP site certificate of 24 October 2024 from the State Drugs Controller, FDA Haryana).
Frequently asked questions
Which is the biggest pharma company in Hyderabad?
By consolidated revenue, Aurobindo Pharma is the largest pharmaceutical company headquartered in Hyderabad, with income of ₹33,653 crore in FY26. Dr. Reddy's Laboratories is a very close second at ₹33,593 crore in FY26, and the two companies are within 0.2% of each other.
How many pharma companies are there in Hyderabad?
No official count of pharmaceutical companies exists for Hyderabad city. What can be sourced is that the Telangana government claims more than 2,000 life sciences companies in the state and over 269 USFDA-approved facilities, while Genome Valley alone is said to host 250+ companies from 18 countries. Any figure given for Hyderabad city should therefore be treated as an estimate.
What is Genome Valley?
Genome Valley is a life sciences research, development and manufacturing cluster in the Hyderabad region, described by the Telangana government as India's first organised cluster of its kind. It was commissioned in 1999 as the S.P. Biotech Park and covers about 2,000 acres. The state government claims 250+ companies from 18 countries, about 2.5 million square feet of lab space and around 20,000 scientific professionals, while Invest India calls it India's largest life sciences cluster.
What is the status of Hyderabad Pharma City?
Hyderabad Pharma City was announced on 24 March 2018 as a 19,000-acre cluster, and reports indicate it was scrapped in February 2024 and replaced by a "Pharma Villages" plan. Since then, MoUs worth ₹5,260 crore were signed in November 2024 for the Mucherla site, and the Telangana Life Sciences Policy 2026-30 announced in January 2026 speaks of a "Green Pharma City" and 10 Pharma Villages, targeting USD 25 billion of investment and 5 lakh jobs by 2030. No source reviewed shows that commercial production has begun there.
Which vaccine companies are based in Hyderabad?
Bharat Biotech and Biological E are two large vaccine makers headquartered in Hyderabad. Bharat Biotech, founded in 1996 by Dr Krishna Ella in Genome Valley, makes Typbar-TCV, Rotavac, Covaxin and JENVAC. Biological E, founded in 1953 by Dr D.V.K. Raju, makes vaccines including a tetanus vaccine, Corbevax and a pneumococcal conjugate vaccine, along with anti-venom and heparin.
How can I start a pharma business in Telangana?
One common route is a PCD pharma franchise, in which a pharmaceutical company appoints you to market and distribute its products in a defined area. To begin, you normally need a wholesale drug licence and GST registration. Vibcare Pharma, which is based in Panchkula, appoints franchise partners district by district across India including in Telangana, with one partner per district and monopoly rights confirmed in writing.
Sources
Show all 24 sources
- Telangana Life Sciences – Telangana life sciences portal
- Invest India – Telangana state overview
- Telangana Life Sciences – Genome Valley
- Wikipedia – Genome Valley
- Wikipedia – Hyderabad Pharma City
- The South First – Pharma companies set to invest ₹5,260 crore in Hyderabad
- The South First – Telangana unveils next-gen life sciences policy at Davos
- Aurobindo Pharma – Q4 FY26 conference call transcript
- US SEC – Dr. Reddy's Laboratories FY26 results exhibit
- CARE Ratings – Hetero Labs Limited ratings rationale
- Divi's Laboratories – company website
- Laurus Labs – investor press releases
- Gland Pharma – about us
- MarketScreener – Granules India Q4 FY26 revenue release
- ICRA – Biological E ratings rationale
- Screener – Natco Pharma consolidated financials
- Screener – Cohance Lifesciences consolidated financials
- Sai Life Sciences – Q4 FY26 earnings release
- Neuland Laboratories – our history
- ICRA – Bharat Biotech ratings rationale
- MSN Laboratories – leadership
- Vibcare Pharma – about us
- Vibcare Pharma – manufacturing
- Vibcare Pharma – PCD franchise
Related reading
Start your own pharma business with a PCD franchise
Vibcare appoints one PCD franchise partner per district, with monopoly rights confirmed in writing. You need a wholesale drug licence and GST registration to begin.
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