About Therachem
Therachem is a Healthcare company based in Jaipur (India) founded in 2006 by Pooran Chand, and was acquired by PI Health Sciences in May 2023. Contract research and development services are provided to pharmaceutical companies. The company has 118 employees. Its chief executive, as recorded, is Pooran Chand. Its Indian entity Therachem Research Medilab (India) Private Limited reported revenue of ₹194 Cr. Its focus areas include Biopharma Outsourcing, Diversified and Small Molecules & Peptides.
Company details
Therachem was founded in 2006 and is based in Jaipur, India. Contract research and development services are offered to pharmaceutical and biopharmaceutical companies. Operations focus on supporting drug discovery, process development, and analytical services within the life sciences sector. The company serves clients globally from its Indian facility, with expertise in custom synthesis and regulatory compliance. Key leadership includes Co-Founder and CEO Pooran Chand.
- Headquarters Jaipur, India
- Employees 118
- Founders Pooran Chand
- Stage Acquired
- SectorsHealthcare
- Website therachem.net
- Social LinkedIn
- Acquired by PI Health Sciences (May 2023)
- Legal Name Therachem Research Medilab (India) Private Limited
- Date of Incorporation 15 Dec, 2006
- Jurisdiction Jaipur, Rajasthan, India
- Annual Revenue₹194 Cr
FY 2023 · -7% YoY
- Net Profit₹42.83 Cr
FY 2023 · 22% margin
- EBITDA₹64.63 Cr
FY 2023 · 33% margin
- Investors
- Employee Count118
- Acquired byPI Health Sciences
(May 2023)
Associated legal entities of Therachem
Therachem operates through Therachem Research Medilab (India) Private Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Therachem Research Medilab (India) Private Limited CIN U24232RJ2006PTC023466 | Amalgamated | 15 Dec 2006 | Jaipur, Rajasthan | ₹194 Cr | 118 | 3 | View details |
Investors in Therachem
Therachem has secured backing from 1 investor. Prominent investors backing the company include PI Health Sciences.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Specializes in CRO and CDMO services for medicinal chemistry and API manufacturing. | 2021 | pihealthsciences.com | Udaipur, India |
Investor details for Therachem
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Board of directors of Therachem Research Medilab (India) Private Limited (Therachem)
Therachem Research Medilab (India) Private Limited is the primary company behind Therachem. The board of Therachem Research Medilab (India) Private Limited currently have 3 directors; the longest-serving is Anil Kumar Jain, appointed in 2023. 13 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anil Kumar Jain DIN 09707763 | Director | 02 Jun 2023 | 3 yrs 5 mo | Therachem Research Medilab (India) Private Limited |
| Samir Dhaga DIN 09069106 | Director | 02 Jun 2023 | 3 yrs 5 mo | Therachem Research Medilab (India) Private Limited |
| Rajnish Sarna DIN 06429468 | Director | 02 Jun 2023 | 3 yrs 5 mo | Therachem Research Medilab (India) Private Limited |
People of Therachem
1 people are tracked at Therachem (1 in leadership); the tracked headcount is 118.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership |
Complete people profiles for Therachem
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Financials of Therachem
Figures of Therachem Research Medilab (India) Private Limited, the primary company behind Therachem, for FY 2023. Revenue was ₹194 Cr (-7% year on year). Net profit was ₹42.83 Cr (22% margin). EBITDA was ₹64.63 Cr (33% margin). Revenue has grown at a compounded annual rate of +83% over three years and +34% over five years.
- ₹194 CrRevenue · FY 2023 · -7% YoY
- ₹42.83 CrNet profit · 22% margin
- ₹64.63 CrEBITDA · 33% margin
- ₹53.8 LakhPaid-up capital
- 118Employees (provident fund records)
- +83%Revenue CAGR, 3 years
- +34%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Therachem Research Medilab (India) Private Limited are on its company page.
Detailed financial statements for Therachem
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Timeline of Therachem
2 dated milestones of Therachem across 17 years, from founding to its latest funding, stage changes and deals.
- Founded Therachem is founded.
- Exit Acquired by PI Health Sciences.
Top companies in Biopharma Outsourcing & Drug Delivery
3 companies that operate in the same segment as Therachem (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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Frequently Asked Questions about Therachem
Therachem was founded in 2006.
Therachem is headquartered in Jaipur, India. It is registered at Jaipur, Rajasthan, India.
Pooran Chand is the CEO of Therachem, as recorded in our data. They have also founded this company.
Therachem has 118 employees.
The primary company behind Therachem, Therachem Research Medilab (India) Private Limited, reported revenue of ₹194 Cr for FY 2023, down 7% year on year.
Therachem was founded in 2006 and is based in Jaipur, India. Contract research and development services are offered to pharmaceutical and biopharmaceutical companies. Operations focus on supporting drug discovery, process development, and analytical services within the life sciences sector. The company serves clients globally from its Indian facility, with expertise in custom synthesis and regulatory compliance. Key leadership includes Co-Founder and CEO Pooran Chand.
Therachem has 1 investor. Key investors include PI Health Sciences.
Therachem operates through Therachem Research Medilab (India) Private Limited.
Yes. Therachem was acquired by PI Health Sciences in May 2023.
The legal entities of Therachem currently have 3 directors, including Anil Kumar Jain, Samir Dhaga, Rajnish Sarna.