Company lists · Data refreshed September 2026

Top 25 Formulation development companies based in Mumbai, India

Name: Formulation development companies based in Mumbai, India
Creator: RevenueBase
License: https://creativecommons.org/licenses/by/4.0/

Compiled by the RevenueBase Data Team Data refreshed Sep 19, 2026 133 companies tracked

RevenueBase identified 133 formulation development companies headquartered in Mumbai, India as of September 2026 and tracks 25,673 professional contacts across them, including 1,407 with verified work emails. Hyderabad is the largest hub.

This list covers formulation development companies headquartered in Mumbai, India, matched on what each company actually does as described in its own words. Ranked by team size, largest first. Every row shows the company's own description, its RevenueBase Smart Search rating, and when it was last checked. Data refreshed September 19, 2026.

Published by RevenueBase, a B2B data infrastructure company. This list was built with RevenueBase Smart Search, the natural-language company search RevenueBase customers use to build their own targeted lists and unlock verified emails and direct dials at the companies on them. How these lists are built and judged.

How to read this list HQ checked on every row RevenueBase Smart Search rating on every row Refreshed Sep 19, 2026 86% judged on-target in blind review

133Companies

25,673Contacts tracked

1,407Verified emails

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The 25 largest formulation development companies based in Mumbai, India

Ranked by team size

Top 25 of 133 formulation development companies based in Mumbai, India, ranked by team size, largest first. Data refreshed Sep 19, 2026. RevenueBase Smart Search rates how each company's information relates to formulation development companies: strong evidence (its own description names it), partial (names part of it), indirect (matched on the rest of its profile rather than the description shown). Click a contact count to view that company's people.
#	Company	RevenueBase Smart Search	Headquarters	Employees	Contacts
1	Ipca Laboratories Limited	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	10001+	11,063 contacts →
	Indirect evidence “A consumer-led global pharmaceutical company, creating healthy doses of life since 1949.” Source: RevenueBase Database · checked Sep 19, 2026
2	Unichem Laboratories Limited	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	1,001-5,000	3,901 contacts →
	Indirect evidence “Promoted by the late Mr.” Source: RevenueBase Database · checked Sep 19, 2026
3	Gufic Biosciences LTD	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	1,001-5,000	1,270 contacts →
	Indirect evidence “Welcome to the transformative world of GUFIC Biosciences, where a legacy of innovation, spanning over five decades, converges with an unwavering commitment to global well-being.” Source: RevenueBase Database · checked Sep 19, 2026
4	Marksans Pharma Ltd. - India	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	1,001-5,000	947 contacts →
	Indirect evidence “Company Profile "The essence of our culture is built on meeting global standards in every aspect of our business." These envisioned words of Mr.” Source: RevenueBase Database · checked Sep 19, 2026
5	Inventia Healthcare Limited	Partial evidence	Mumbai, IndiaHQ checked Sep 19, 2026	1,001-5,000	877 contacts →
	Partial evidence “Inventia, established in 1985, is a privately held pharmaceutical development and manufacturing company based in Mumbai, India.” Source: RevenueBase Database · checked Sep 19, 2026
6	Aarti Pharmalabs Ltd. APL	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	1,001-5,000	786 contacts →
	Indirect evidence “Aarti Pharmalabs Limited – Powering Innovation.” Source: RevenueBase Database · checked Sep 19, 2026
7	Samarth Life Sciences Private Limited	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	1,001-5,000	605 contacts →
	Indirect evidence “SAMARTH LIFE SCIENCES PRIVATE LIMITED is a innovative life science company that researches, develop, manufactures and markets a broad range of life saving critical drugs and other…” Source: RevenueBase Database · checked Sep 19, 2026
8	Megafine Pharma P LTD	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	501-1,000	432 contacts →
	Indirect evidence “Megafine, established in 1995, is a privately owned and professionally managed enterprise with it's corporate office in Mumbai and two multipurpose manufacturing sites at Vapi &…” Source: RevenueBase Database · checked Sep 19, 2026
9	Pinnacle Life Science Pvt. LTD Subsidiary Of Aarti Drugs	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	1,001-5,000	345 contacts →
	Indirect evidence “Pinnacle Life Science is a 100% subsidiary of India’s most trusted pharmaceutical company Aarti Drugs Ltd (ADL) and forms part of $2 billion conglomerate of the esteemed Aarti…” Source: RevenueBase Database · checked Sep 19, 2026
10	Naprod Life Sciences Pvt. LTD	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	501-1,000	335 contacts →
	Indirect evidence “Neon Antibiotics Pvt.” Source: RevenueBase Database · checked Sep 19, 2026
11	BDR Pharmaceuticals	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	1,001-5,000	324 contacts →
	Indirect evidence “Established in 2002 into API manufacturing, we have a consolidated position in the domestic and global market for the API Business.” Source: RevenueBase Database · checked Sep 19, 2026
12	Supriya Lifescience Limited	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	201-500	323 contacts →
	Indirect evidence “SUPRIYA LIFESCIENCE LIMITED is a pharmaceuticals company based out of 207/208, Udyog Bhavan, Mumbai, Maharashtra, India.” Source: RevenueBase Database · checked Sep 19, 2026
13	Gopaldas Visram And Company Limited	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	501-1,000	177 contacts →
	Indirect evidence “Founded in 1945 Gopaldas Visram & Co.” Source: RevenueBase Database · checked Sep 19, 2026
14	Glowderma	Partial evidence	Mumbai, IndiaHQ checked Sep 19, 2026	201-500	162 contacts →
	Partial evidence “Our mission at Glowderma is to provide high-quality and innovative pharmaceutical formulations that improve the health and well-being of people around the world.” Source: RevenueBase Database · checked Sep 19, 2026
15	Khandelwal Laboratories Pvt. LTD	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	501-1,000	157 contacts →
	Indirect evidence “Khandelwal Laboratories Pvt.” Source: RevenueBase Database · checked Sep 19, 2026
16	Emil Pharmaceutical Industries Pvt. LTD	Partial evidence	Mumbai, IndiaHQ checked Sep 19, 2026	201-500	142 contacts →
	Partial evidence “Emil Pharmaceutical Industries Private Limited, founded in 1989, is an established manufacturing and marketing firm focused on pharmaceutical and nutraceutical formulations for…” Source: RevenueBase Database · checked Sep 19, 2026
17	Pelltech Healthcare	Partial evidence	Mumbai, IndiaHQ checked Sep 19, 2026	51-200	120 contacts →
	Partial evidence “Pelltech Healthcare is a privately owned PICS & WHO-GMP certified contract manufacturing and pharmaceutical development company in India, where we focus on the production of…” Source: RevenueBase Database · checked Sep 19, 2026
18	Gangwal Healthcare Private Limited	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	51-200	113 contacts →
	Indirect evidence “Gangwal Healthcare is a efficacious solution provider and manufacturer that combines innovative research and smart, seamless technology that can tackle the complex challenges of…” Source: RevenueBase Database · checked Sep 19, 2026
19	Ansapack	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	1,001-5,000	105 contacts →
	Indirect evidence “Ansapack is one of the few one-stop packaging companies in the world.” Source: RevenueBase Database · checked Sep 19, 2026
20	Naxpar Group	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	1,001-5,000	97 contacts →
	Indirect evidence “Naxpar Group has been a leader in the world of contract manufacturing of pharmaceutical liquid orals for the last 3 decades.” Source: RevenueBase Database · checked Sep 19, 2026
21	Precise Chemipharma PVT LTD	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	51-200	91 contacts →
	Indirect evidence Source: RevenueBase Database · checked Sep 19, 2026
22	Gepach	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	51-200	88 contacts →
	Indirect evidence “Gepach International is an export-oriented specialty pharmaceutical company engaged in developing, manufacturing, and marketing quality finished dosages in major therapeutic…” Source: RevenueBase Database · checked Sep 19, 2026
23	G.C. Chemie Pharmie LTD	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	51-200	87 contacts →
	Indirect evidence “G.C Chemie Pharmie, founded by Gautam Shah in 1981, is an innovative and ambitious Indian pharmaceutical, nutraceutical, functional foods company with global presence.” Source: RevenueBase Database · checked Sep 19, 2026
24	Nutriventia	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	51-200	62 contacts →
	Indirect evidence “Nutriventia’s objective is to develop ingredient solutions that provide the most benefit to our customers.” Source: RevenueBase Database · checked Sep 19, 2026
25	Prime Pharmaceuticals	Indirect evidence	Mumbai, IndiaHQ checked Sep 19, 2026	201-500	56 contacts →
	Indirect evidence “Growing since 1968, Prime is focused on making a positive difference in the healthcare outcomes for people around the globe.” Source: RevenueBase Database · checked Sep 19, 2026

RevenueBase Smart Search

RevenueBase Smart Search assesses information from a company’s LinkedIn profile, information supplied directly by the company, its website, and other publicly available sources. It uses that information to rate how closely the company relates to this list’s category: formulation development companies. Every row carries its rating and the description the rating was read from, so each one can be checked rather than taken on trust.

Strong evidence: The company's own public description of its business names formulation development companies.
Partial evidence: Its own public description names part of formulation development companies, so it works in or next to the category without describing itself that way.
Indirect evidence: The description shown does not name formulation development companies. The match rests on the rest of the company's public profile rather than the one sentence quoted here, so this is the rating to check first.

RevenueBase Smart Search is how these lists are built: RevenueBase's data engine and AI assemble the companies that match a category defined in a user's own words, so a list can be about what companies actually do rather than about whichever industry code they were filed under.

Showing 25 of 133 formulation development companies based in Mumbai, India

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Formulation development companies based in Mumbai, India at a glance

As of Sep 19, 2026

5.5%Verified-email coverage

193.0Average contacts per company

51-200Median size (employees)

109.0%Largest-city concentration · Hyderabad

Sep 19, 2026Page data refreshed

Companies by employee count

1-10

11-50

51-200

201-500

501-1,000

1,001-5,000

10001+

Email recency for this list is measured across the whole India list rather than for Mumbai, so it is reported there. Company counts and contact totals on this page are exact for Mumbai, over 133 companies.

How this list was built

Company categories are rarely black and white. RevenueBase reads each company's own description of its business to decide whether it belongs among formulation development companies, so some rows will be adjacent to the category rather than pure plays. The description and RevenueBase Smart Search rating on every row are there so you can check each match yourself.

Source: The RevenueBase company graph: 60 million companies and 398.9 million professional contacts resolved from primary sources, queried with RevenueBase Smart Search, the natural-language company search available to every RevenueBase user.
What qualifies: Companies headquartered in Mumbai, India whose own description of what they do matches “formulation development companies”. Matching reads each company's description, not its industry code or its name.
RevenueBase Smart Search: RevenueBase Smart Search is how this list is assembled and how each row is rated. RevenueBase's data engine and AI assess a company's LinkedIn profile, information supplied directly by the company, its website and other publicly available information, then relate it to a category defined in a user's own words. Each row is rated strong evidence (its own description names formulation development companies), partial evidence (it names part of the category) or indirect evidence (the description shown names none of it and the match rests on the rest of the company's profile). The description supporting each rating is quoted on the row.
What we exclude: Companies whose own description does not clearly place them among formulation development companies, and records with no verified work email. Companies headquartered outside Mumbai are excluded even when they keep an office there.
Match quality: In blind human judging of this matching method, 86% of matched companies were on target. Expect roughly 1 in 7 rows to be adjacent to the category rather than a pure play. Every row shows the company's own description and its RevenueBase Smart Search rating so you can judge each match yourself. Read the full methodology: how the lists are built, how the judging worked, and what the figure means.
Ranking: Team size, largest first: companies are ordered by the number of professionals RevenueBase tracks at each one. Employee ranges shown are reported bands, for context.
Verification: Every listed company carries at least one verified work email, 1,407 across the full list. Contacts re-verify on a rolling cadence, and each contact's own verification date is shown inside RevenueBase.
Refresh: This page's figures were pulled from the company graph on September 19, 2026. Lists refresh periodically as the graph is re-checked.
Corrections: Wrong category, wrong headquarters, or a company that has closed? Use “Report an issue” on any row. Reports go to the RevenueBase Data Team and feed back into the company graph.

Formulation development companies by metro in India

Formulation development companies in Hyderabad145
Formulation development companies in Mumbai133
Formulation development companies in Ahmedabad103
Formulation development companies in Bangalore37
Formulation development companies in Chennai33
Formulation development companies in New Delhi33
Formulation development companies in Vadodara30
Formulation development companies in Delhi29
Formulation development companies in Navi Mumbai28
Formulation development companies in Bengaluru27
Formulation development companies in Pune27

Frequently asked

What is RevenueBase Smart Search?

RevenueBase Smart Search is how RevenueBase decides which companies belong on this list and how strongly each one fits. Its data engine and AI assess a company's LinkedIn profile, information supplied directly by the company, its website and other publicly available information, then relate it to the category the list is about. Each row is rated strong evidence when the company's own description names formulation development companies, partial evidence when it names part of the category, and indirect evidence when the description shown names none of it and the match rests on the rest of the company's profile.

How many formulation development companies are there based in Mumbai, India?

RevenueBase identified 133 formulation development companies headquartered in Mumbai, India as of September 2026, matched on each company's own description of what it does rather than its industry code.

What is the largest company on this list?

Ipca Laboratories Limited, headquartered in Mumbai, tops this list with the largest team on record.

Which city has the most formulation development companies?

Hyderabad leads with 145 headquartered companies, followed by Mumbai (133) and Ahmedabad (103).

How do I get contact information for these companies?

A free RevenueBase account lets you run this exact search and work the top results, verified emails and direct dials included. Upgrading unlocks all 1,407 verified decision-maker contacts tracked across these 133 companies.

How current is this list?

The list refreshes periodically as the company graph is re-checked. This page's figures were pulled on September 19, 2026.

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About this data

RevenueBase is a B2B data infrastructure company. Its company graph covers 60 million companies and 398.9 million professional contacts, with emails verified on a rolling cadence rather than scraped once and left to decay. These company lists are generated directly from that graph with RevenueBase Smart Search, the same natural-language company search every RevenueBase user has: describe a market in plain words, get the companies that match, and add verified emails and direct dials for the people at them. It is the same data that powers RevenueBase's B2B data products, and a free account includes 500 credits to start. How these lists are built and judged.