About Megafine
Megafine is a company based in Mumbai (India) founded in 1995 by Hasmukh Gandhi, Shailesh Sanghvi, and Ashok Jhaveri was acquired by Motilal Oswal in February 2025.. The company has 536 employees as of July 31, 2024. Megafine operates in a competitive market with competitors including Laurus Labs, Symbiotec, Sterling Pharma Solutions, Provepharm Life Solutions and Jubilant Pharma, among others.
- Headquarter Mumbai, India
- Employees 536 as on 31 Jul, 2024
- Founders Hasmukh Gandhi, Shailesh Sanghvi, Ashok Jhaveri
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Sectors
Healthcare
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Phone
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Website
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Social
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Annual Revenue
$39.4 M (USD)7as on Mar 31, 2024
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Net Profit
$4.22 M (USD)-8as on Mar 31, 2024
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EBITDA
$7 M (USD)-9as on Mar 31, 2024
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Latest Funding Round
- Investors
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Employee Count
536
as on Jul 31, 2024
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Acquired by
Motilal Oswal
(Feb 25, 2025)
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Funding Insights of Megafine
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Megafine
Megafine has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Motilal Oswal Alternates. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Motilal Oswal Alternates is engaged in alternative investment management.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Megafine
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Megafine
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Megafine Comparisons
Competitors of Megafine
Megafine operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Laurus Labs, Symbiotec, Sterling Pharma Solutions, Provepharm Life Solutions and Jubilant Pharma, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Pharmaceutical and biotechnology company
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Non-sterile steroid hormone-based APIs and intermediates are manufactured.
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Contract development, manufacturing, and analytical services for APIs are offered.
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| domain | founded_year | HQ Location |
APIs and drug products are developed and valorized in pharmaceuticals.
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Pharmaceuticals, APIs, and radiopharmaceuticals are manufactured by the company.
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| domain | founded_year | HQ Location |
APIs are developed and manufactured for therapeutic areas.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Megafine
Frequently Asked Questions about Megafine
When was Megafine founded?
Megafine was founded in 1995.
Where is Megafine located?
Megafine is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
How many employees does Megafine have?
As of Jul 31, 2024, the latest employee count at Megafine is 536.
What is the annual revenue of Megafine?
Annual revenue of Megafine is $39.4M as on Mar 31, 2024.
What does Megafine do?
Megafine is engaged in manufacturing its own Active Pharmaceutical Ingredients (APIs) and Advanced Intermediates, and CDMO services for several global pharma companies. It has two multipurpose manufacturing sites, both successfully inspected by US-FDA one of them is also approved by EMEA, PMDA KFDA. It has 6 APIs under consideration, 9 API products under development, 5 APIs for veterinary use and 30 APIs for human use. It also has a portfolio of 32 intermediates. It offers small batch production to commercial batch size production services as part of its contract manufacturing services. It claims to have expertise in polymorphs and chiral products. Their CDMO services are mainly catered to novel niche products in therapeutic areas such as Anthelmintic, Cardiology, Urinary Incontinence, CNS and a few others.
Who are the top competitors of Megafine?
Megafine's top competitors include Laurus Labs, Symbiotec and Sterling Pharma Solutions.
Who are Megafine's investors?
Megafine has 1 investor. Key investors include Motilal Oswal Alternates.