India ranks as the world’s third-largest pharmaceutical manufacturing industry in terms of capacity and the 13th-largest by its overall worth. Mumbai, home to numerous pharmaceutical companies, plays a central role in this thriving industry. This rapid growth has not only boosted Mumbai’s economy but has also had a significant impact on its real estate market. As the pharmaceutical sector in the city keeps expanding, the requirement for commercial spaces, warehouses, office spaces, research and development centres, corporate offices, and residential properties.
In this article, we will delve into the top biotech companies in Mumbai and explore their wide-ranging influence on the city’s business landscape and the evolving real estate scene.
See also: Top biotech companies in India
Business landscape in Mumbai
Mumbai is a bustling hub for a wide range of industries and businesses. Notably, it fosters a thriving startup ecosystem while also serving as the headquarters for numerous large and influential corporations. On a global scale, Mumbai is renowned for hosting the Bombay Stock Exchange and the National Stock Exchange, both ranking among the world’s largest stock exchanges. Its significance extends to the financial sector, with a substantial presence in banking, insurance, and investments. Furthermore, Mumbai plays a vital role in the country’s information technology landscape, housing numerous companies specialising in software development, IT services, and online commerce.
Read also: Textile industry in Mumbai
Top biotech companies in Mumbai
Yashraj Biotech
Company type: Biotech
Location: Pawane, Navi Mumbai – 400705
Founded in: 1999
Yashraj Biotech is a leading manufacturer of high-purity biomarkers, supplying native and recombinant proteins for the diagnostic industry’s calibration and control needs. Trusted by top global diagnostic companies for two decades, it operates from Mumbai, India, with ISO 13485 and ISO 9001 certified facilities, offering diverse biomedical fluid-based proteins to expedite biomarker development and bulk availability.
Flagship Biotech International
Company type: Biotech
Location: Mahape, Mumbai – 400710
Founded in: 2009
Flagship Biotech International, established in 2009 and headquartered in Mumbai, is a rapidly growing pharmaceutical company. It specialises in developing, manufacturing, and marketing over 700 pharmaceutical formulations, serving major therapeutic areas worldwide. With a presence in 75+ countries and 400+ registered products, Flagship Biotech is a leading player in the pharmaceutical industry.
PreventiNe Life Care
Company type: Biotech
Location: Turbhe, Mumbai – 400705
Founded in: 2007
PreventiNe Life Care, based in Mumbai, is a prominent genetics laboratory offering genetic screening and predictive testing services across multiple countries. Their core product, BabyScreen100+ (Expanded Newborn Screening), has been a success, saving newborns and infants from genetic disorders. They have screened over 200,000 pregnancies and continue to make a positive impact.
Sisco Research Laboratories
Company type: Biotech
Location: Andheri (E), Mumbai – 400099
Founded in: 1974
Sisco Research Laboratories (SRL) is a Mumbai-based Research and Laboratory Chemical manufacturer specialising in a wide range of products. Established in 1975, SRL has four decades of experience producing high-quality reagents, biochemicals, and more. Offering about 5,000 products across various grades, SRL caters to industries, universities, and research institutions with bulk and semi-bulk options.
Panacea Biotec
Company type: Biotech
Location: Andheri East, Mumbai – 400053
Founded in: 1984
Panacea Biotec is an innovative biotechnology company engaged in the research, development, manufacturing, and marketing of pharmaceuticals, vaccines, biosimilars, and adjuvants. Panacea Biotec focuses on disease management and offers a diverse portfolio of prescription products and vaccines, including WHO-prequalified options, contributing to global healthcare solutions.
Novozymes South Asia
Company type: Biotech
Location: Mumbai – 400099
Founded in: 1998
Novozymes, a key player in India since 1983, is the region’s largest supplier of industrial enzymes and microorganisms. With over 500 employees across three Bangalore sites, it serves various sectors like household care, textiles, food & beverages, oils & fats, baking, and beverage alcohol. Investing significantly in Research and Technology, including a key R&T facility in Bangalore, Novozymes actively contributes to India’s sustainable future.
Zytex Biotech
Company type: Biotech
Location: Andheri (E), Mumbai 400059
Founded in: 2006
Zytex Biotech, with over five decades of experience, pioneers industrial biotechnology in India. It operates manufacturing facilities in Silvassa, Surat, and Baroda. Zytex specialises in enzymes, Bacillus strains, animal feed additives, agriculture additives, and more. The company’s commitment to cutting-edge R&D has led to breakthroughs like Nattokinase Enzyme and Gamma-Polyglutamic acid, making it a prominent bioindustrial player.
Epygen Biotech
Company type: Biotech
Location: Ghatkopar East, Mumbai – 400614
Founded in: 2011
Epygen Biotech is a biopharmaceutical company dedicated to therapeutic proteins for cardiovascular, oncology, and immune disorders. It’s set to launch Biosimilar Recombinant Streptokinase (rSK) in 2018, with an oncology product pipeline including Pegfilgrastim and Bevacizumab. Epygen aims to provide affordable Biologics backed by its expertise in recombinant protein expression and protein separation techniques.
HiMedia Laboratories
Company type: Biotech
Location: L.B.S. Marg, Mumbai – 400 086
Founded in: 1982
HiMedia Laboratories, a global microbiology leader, offers high-quality products in Microbiology, Molecular Biology, Animal Cell Culture, and Plant Tissue Culture. Operating in over 140 countries, it’s known for its extensive range of Vegetable Hydrolysate based microbiology culture media (HiVeg™) and advanced products. HiMedia’s excellent chemical testing facility ensures consistent ultra-pure products.
Pall Corporation
Company type: Biotech
Location: Kurla (West), Mumbai – 400070
Founded in: 1946
Pall Corporation is a major stakeholder in filtration, separation, and purification solutions, serving diverse industries. With a history of solving complex fluid management challenges, Pall’s solutions are vital in healthcare, aviation, energy, and water treatment. Renowned for scientific expertise, Pall contributes to product purity, vaccine development, and sustainable processes.
Commercial real estate demand in Mumbai
Office space
Mumbai’s biotech companies are driving a substantial demand for specialised office spaces that cater to various functions, including administrative, sales, marketing, and research and development teams. Their unique work nature necessitates specific features like wet and dry laboratories, clean rooms, cold storage facilities, and access to specialised equipment. This particularity often makes it challenging for biotech firms to find suitable existing office spaces, thereby increasing the demand for custom-built office solutions.
Rental property
The workforce of biotech companies in Mumbai prefers to reside near their workplaces, leading to a significant surge in demand for rental properties, especially in areas densely populated with biotech firms. Rental properties offering amenities such as gyms, swimming pools, and childcare centres are particularly sought after, catering to the preferences of these professionals.
Impact
The presence of biotech companies is notably impacting real estate costs and rental rates in areas with a concentrated biotech presence, such as the Central Business District (CBD) and Bandra Kurla Complex (BKC). Biotech firms are willing to pay a premium for office spaces and rental properties tailored to their specific needs. This demand surge is expected to persist in the coming years, reshaping Mumbai’s commercial real estate landscape and strengthening its status as a pivotal hub for biotech innovation.
Impact of biotech companies on Mumbai
The biotech industry has significantly impacted Mumbai, particularly in terms of the local real estate market and heightened demand. Mumbai’s real estate landscape is notably influenced by the presence of industries, particularly in areas like the Central Business District and the Bandra Kurla Complex, where real estate costs tend to be higher. This premium pricing is primarily due to the strong demand for both commercial and residential spaces in these central business hubs. Many employees opt for residences near their workplaces, thereby fueling a thriving rental market in the city. As a result, the biotech industry has not only transformed Mumbai’s real estate dynamics but also bolstered its overall economic vitality.
FAQs
Which is the number 1 biotech company in India?
Serum Institute of India is the leading biotech company in India, headquartered in Pune. It's renowned for pioneering treatments for various diseases in the country.
Is biotechnology a good career option?
Yes, biotechnology is a booming career choice, especially in pharmaceuticals, agriculture, healthcare, and genetic engineering. Biotechnologists are well-paid.
What is the salary of a fresher in Biotechnology?
Freshers in Biotechnology earn an average salary ranging from Rs 1.2 lakh to Rs 60 lakh annually, with an average of Rs 3 lakh based on experience.
Is Mumbai expensive to live in?
Yes, Mumbai is the most expensive city in India, according to the 2023 Knight Frank Affordability Index.
Where are the most biotech companies in Mumbai?
Andheri West, Saki Vihar Road, and Mumbai North East are the most biotech-dense areas in Mumbai, with a high concentration of biotech companies and startups.
Kiran Mazumdar Shaw is the queen of biotechnology in India, an inspirational billionaire entrepreneur known for her remarkable success story.
What are the primary sectors of biotechnology?
The five key sectors of modern biotechnology are human, environmental, industrial, animal, and plant. These sectors contribute to addressing hunger, disease, sustainability, and energy efficiency.
Which industries benefit from biotechnology?
Biotechnology has broad applications in various sectors, including healthcare, agriculture, energy, and research. Popular examples include vaccine development, drug production, and biofuel creation.
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