About Aveo Pharmaceutical
Aveo Pharmaceutical is a Healthcare company based in Palghar (India) founded in 2015, and was acquired by LG Chem in October 2022. Drug manufacturing and marketing services are provided by Aveo Pharmaceutical. The company has 48 employees. Its Indian entity Meyonex Pharmaceuticals Limited reported revenue of ₹108 Cr. Aveo Pharmaceutical offers products and services including Antidiabetic Tablets, Health Supplements, Cephalosporins, and Oral Suspensions. Its focus areas include Biopharma Outsourcing, Diversified and Biologics.
Company details
Aveo Pharmaceutical was founded in 2015 and is based in Palghar, India. Activities are centered in the pharmaceutical sector, with drug manufacturing and marketing handled as core operations. Other related services are extended to support industry needs. The company is led by Managing Director Arvind Awadhnath Sharma, overseeing functions from its Indian location.
- Headquarters Palghar, India
- Employees 48
- Stage Acquired
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website aveo.in
- Social LinkedIn
- Acquired by LG Chem (Oct 2022)
- Legal Name Aveo Pharmaceuticals Pvt. Ltd.
- Date of Incorporation 17 Jan, 2015
- Jurisdiction Palghar, Maharashtra, India
Associated legal entities of Aveo Pharmaceutical
Aveo Pharmaceutical operates through Meyonex Pharmaceuticals Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Meyonex Pharmaceuticals Limited CIN U74120MH2015PLC261024 | Active | 17 Jan 2015 | Palghar, Maharashtra | ₹108 Cr | 48 | 3 | View details |
Products & Services of Aveo Pharmaceutical
Aveo Pharmaceutical offers a comprehensive portfolio of products and services, including Antidiabetic Tablets, Health Supplements, Cephalosporins, and Oral Suspensions.
Tablets for managing diabetes and related health conditions.
Supplements with vitamins and herbs for general wellness support.
Oral antibiotics for treating bacterial infections effectively.
Liquid medications for easy administration to patients.
Investors in Aveo Pharmaceutical
Aveo Pharmaceutical has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include LG Chem.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Manufacturer and supplier of automotive battery to OEMs | 1947 | lgchem.com | Seoul, South Korea |
Investor details for Aveo Pharmaceutical
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Board of directors of Meyonex Pharmaceuticals Limited (Aveo Pharmaceutical)
Meyonex Pharmaceuticals Limited is the primary company behind Aveo Pharmaceutical. The board of Meyonex Pharmaceuticals Limited currently have 3 directors; the longest-serving is Arvind Awadhnath Sharma, appointed in 2015. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Arvind Awadhnath Sharma DIN 07011763 | Director | 17 Jan 2015 | 11 yrs 9 mo | Meyonex Pharmaceuticals Limited |
| Vinod Kumar Sharma DIN 08083002 | Director | 28 Mar 2018 | 8 yrs 7 mo | Meyonex Pharmaceuticals Limited |
| Shivani Sharma DIN 10799469 | Additional Director | 04 Oct 2024 | 2 yrs | Meyonex Pharmaceuticals Limited |
People of Aveo Pharmaceutical
1 people are tracked at Aveo Pharmaceutical (1 in leadership); the tracked headcount is 48.
| Name | Role | Group |
|---|---|---|
| Managing Director | Leadership |
Complete people profiles for Aveo Pharmaceutical
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Financials of Aveo Pharmaceutical
Figures of Meyonex Pharmaceuticals Limited, the primary company behind Aveo Pharmaceutical, for FY 2025. Revenue was ₹108 Cr (-19% year on year). Net profit was ₹3.62 Cr (3% margin). EBITDA was ₹10.86 Cr (10% margin). Revenue has grown at a compounded annual rate of +26% over three years and +37% over five years.
- ₹108 CrRevenue · FY 2025 · -19% YoY
- ₹3.62 CrNet profit · 3% margin
- ₹10.86 CrEBITDA · 10% margin
- ₹14.00 CrPaid-up capital
- 48Employees (provident fund records)
- +26%Revenue CAGR, 3 years
- +37%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Meyonex Pharmaceuticals Limited are on its company page.
Detailed financial statements for Aveo Pharmaceutical
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Timeline of Aveo Pharmaceutical
2 dated milestones of Aveo Pharmaceutical across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Aveo Pharmaceutical is founded.
- Exit Acquired by LG Chem.
Web traffic of Aveo Pharmaceutical
The website of Aveo Pharmaceutical (aveo.in) receives about 1.7K visits a month.
- Monthly visits1.7K
▼ 11% vs previous month
Top companies in Biopharma Outsourcing & Drug Delivery
3 companies that operate in the same segment as Aveo Pharmaceutical (Biopharma Outsourcing & Drug Delivery) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Developer of integrated contract research development and manufacturing services | 2007 | Bengaluru, Karnataka, India | USD 35.74 M | USD 226.38 M | 1,820 | |
Pharmaceutical and biotechnology company | 2005 | Hyderabad, Telangana, India | USD 229.73 M | USD 726.15 M | 12,470 | |
India's leading healthcare products distribution platform | 2018 | Mumbai, Maharashtra, India | USD 59.67 M | USD 702.49 M | 4,260 |
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Related news about Aveo Pharmaceutical
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Frequently Asked Questions about Aveo Pharmaceutical
Aveo Pharmaceutical was founded in 2015.
Aveo Pharmaceutical is headquartered in Palghar, India. It is registered at Palghar, Maharashtra, India.
Aveo Pharmaceutical has 48 employees.
The primary company behind Aveo Pharmaceutical, Meyonex Pharmaceuticals Limited, reported revenue of ₹108 Cr for FY 2025, down 19% year on year.
Aveo Pharmaceutical was founded in 2015 and is based in Palghar, India. Activities are centered in the pharmaceutical sector, with drug manufacturing and marketing handled as core operations. Other related services are extended to support industry needs. The company is led by Managing Director Arvind Awadhnath Sharma, overseeing functions from its Indian location.
Aveo Pharmaceutical offers Antidiabetic Tablets, Health Supplements, Cephalosporins, and Oral Suspensions.
Aveo Pharmaceutical has 1 investor. Key investors include LG Chem.
Aveo Pharmaceutical operates through Meyonex Pharmaceuticals Limited.
Yes. Aveo Pharmaceutical was acquired by LG Chem in October 2022.
The legal entities of Aveo Pharmaceutical currently have 3 directors, including Arvind Awadhnath Sharma, Vinod Kumar Sharma, Shivani Sharma.