Tirupati Medicare

Paonta Sahib, India Founded: 1980 • Age: 46 yrs
Pharmaceutical products are manufactured under contract by Tirupati Medicare.
Annual revenue $116.7M Latest available
Total funding $51.5M 4 rounds
Employees 784 Tracked headcount
Investors 23 Known backers
Products 3 Services tracked
Competitors 9 Brand Intelligence

About Tirupati Medicare

Tirupati Medicare is a company based in Paonta Sahib (India) founded in 1980 by Narinder Pal Singh, Ajay Goel, Arun Goyal, and Ashok Goyal. Tirupati Medicare has raised $51.55 million across 4 funding rounds from investors including TBO, Affirma Capital and Arun Goyal. The company has 784 employees as of May 18, 2024. Tirupati Medicare offers products and services including Analgesics, Antibiotics, and Multivitamin Supplements. Tirupati Medicare operates in a competitive market with competitors including Novartis, Catalent, Surrozen, Biotage and Curia, among others.

  • Headquarter Paonta Sahib, India
  • Employees 784 as on 18 May, 2024
  • Founders Narinder Pal Singh, Ajay Goel, Arun Goyal, Ashok Goyal
  • Stage Minicorn
  • Sectors
    Healthcare
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Tirupati Medicare Limited
  • Jurisdiction New Delhi, Delhi, India
Operational Areas
Healthcare → Healthcare Services & Infrastructure Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $116.66 M (USD)
    4.78
    as on Mar 31, 2023
  • Net Profit
    $4.9 M (USD)
    -26.65
    as on Mar 31, 2023
  • EBITDA
    $10.53 M (USD)
    -16.42
    as on Mar 31, 2023
  • Total Equity Funding
    $51.55 M (USD)

    in 4 rounds

  • Latest Funding Round
    $50 M (USD), Series B

    Aug 01, 2019

  • Investors
    TBO

    & 22 more

  • Employee Count
    784

    as on May 18, 2024

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Products & Services of Tirupati Medicare

Tirupati Medicare offers a comprehensive portfolio of products and services, including Analgesics, Antibiotics, and Multivitamin Supplements.

Product name locked
Category locked
Primary

Medications for pain and inflammation management.

Product name locked
Category locked
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Drugs to combat bacterial infections effectively.

Product name locked
Category locked
Locked

Nutritional products to boost immunity and wellbeing.

People of Tirupati Medicare

Headcount 50-200
Employee Profiles 4
Board Members and Advisors 4
Employee Profiles
People
Ashok Goyal
Founder, Director & CEO
People
Som Chopra
President & CFO
People
Deepak Goyal
Director, Business Development
People
Vikram Dhiman
Deputy Manager

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Board Members and Advisors
people
Arun Goyal
Founder & Director
people
Dinesh Goyal
Founder & Mentor
people
Udai Dhawan
Director
people
Abhinav Dhall
Director

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Funding Insights of Tirupati Medicare

Tirupati Medicare has successfully raised a total of $51.55M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $50 million completed in August 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

Investors in Tirupati Medicare

Tirupati Medicare has secured backing from 23 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include TBO, Affirma Capital and Arun Goyal.

All
Venture Fund
Institutional
Angel
Investor Description Founded Year Domain Location
Acquisitions and buyouts are targeted by the private equity firm.
Locked Locked Locked
A leading global travel distribution platform is operated by TBO.
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Investor details for Tirupati Medicare

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Investments & Acquisitions by Tirupati Medicare

Investments
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Investment portfolio details for Tirupati Medicare

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  • Transaction dates
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Financial Statements - Tirupati Medicare

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Detailed financials for Tirupati Medicare

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Tirupati Medicare Comparisons

Tirupati Medicare Primary company
Description
Pharmaceutical products are manufactured under contract by T...
Location
Paonta Sahib, India
Founded Year
1980
Annual Revenue
$116.66 M (USD)
Net Profit
$4.9 M (USD)
EBITDA
$10.53 M (USD)
Employees
784
As of 2024
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Peer comparison for Tirupati Medicare

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Competitors of Tirupati Medicare

Tirupati Medicare 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 Novartis, Catalent, Surrozen, Biotage and Curia, among others.

Company Name Domain Founded year HQ Location Description
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R&D focused on manufacturing of drugs for multiple therapeutic areas
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CDMO offering drug and biologics development services
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Selective Wnt agonists are developed for human tissue regeneration.
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Organic synthesis, analytical, and peptide chemistry services for drug discovery and development
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Drug research, development, testing, and consulting services are provided.
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Provides contract research, development, and manufacturing services for biologic drugs.
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Detailed competitors of Tirupati Medicare

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Latest news on Tirupati Medicare

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Complete news archive for Tirupati Medicare

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  • Older coverage
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Frequently Asked Questions about Tirupati Medicare

Tirupati Medicare was founded in 1980 and raised its 1st funding round 28 years after it was founded.

Tirupati Medicare is headquartered in Paonta Sahib, India. It is registered at Paonta Sahib, Himachal Pradesh, India.

Tirupati Medicare is a funded company, having raised a total of $51.55M across 4 funding rounds to date.

As of May 18, 2024, the latest employee count at Tirupati Medicare is 784.

Annual revenue of Tirupati Medicare is $116.66M as on Mar 31, 2023.

Tirupati Medicare was founded in 1980 as a contract manufacturer within the pharmaceutical sector. Operations are based in Paonta Sahib, India, where production of pharmaceutical products is handled for external clients. The company was co-founded by Narinder Pal Singh, Ajay Goel, Arun Goyal, and Ashok Goyal. Focus remains on contract-based manufacturing services, supporting various entities in the industry without direct marketing or distribution.

Tirupati Medicare's top competitors include Novartis, Surrozen and Catalent.

Tirupati Medicare offers Analgesics, Antibiotics, and Multivitamin Supplements.

Tirupati Medicare has 23 investors. Key investors include TBO, Affirma Capital, Arun Goyal, Neha Bansal, and Ashok Goyal.

The valuation of Tirupati Medicare is $113.12M as of Aug 2019.

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