Hikal Limited
↗Navi Mumbai, India
Hikal Limited is an established Indian Contract Development and Manufacturing Organization (CDMO) founded in 1988 and publicly listed on NSE and BSE. The company operates as a reliable long-term partner to pharmaceutical, biotechnology, animal health, crop protection, and specialty chemicals companies globally. Hikal specializes in cGMP process development, scale-up, and manufacturing of small molecule Active Pharmaceutical Ingredients (APIs), intermediates, and custom synthesis with particular strengths in chiral chemistry and high-potency API development. The company operates five state-of-the-art manufacturing facilities across India and a world-class Research & Technology centre, providing comprehensive services from early-stage development through commercial manufacturing.
CLASSIFICATION
SIZE & FINANCIALS
Employees:201-500
Revenue:₹1,800-1,900 Crore (~$215-230M USD) FY2025
Founded:1988
Ownership:public
Status:operating
FUNDING
Stage:Public Company
STOCK
Exchange:NSE/BSE
Ticker:HIKAL
Market Cap:₹2,358-2,585 Crores (~$282-310M USD)
PIPELINE
Stage:Contract Manufacturing Organization (not proprietary pipeline)
Lead Drug Stage:N/A - CDMO focus
Modalities:Small molecule APIs, Intermediates, High-potency APIs (HPAPI), Antibody Drug Conjugates (ADCs), Peptide Drug Conjugates (PDCs), Proteolysis Targeting Chimeras (PROTACs), Chiral separations, Custom synthesis
Active Trials:0
Trial Phases:-
FDA Approvals:0
EMA Approvals:0
CORPORATE STRUCTURE
Key Partnerships:Animal Health Multi-Purpose facility partnership with leading global innovator, Government of Gujarat MoU (signed Dec 2023) for ₹500 crore investment in Panoli facility
COMPETITION
Position:Established Challenger
Competitors:Laurus Labs, Symbiotec, Piramal Pharma Solutions, Akums Drugs & Pharmaceuticals, Syngene, Aurigene Pharmaceutical Services, Cambrex
LEADERSHIP
Key Executives:
Jai Hiremath - Founder & Executive Chairman
Sameer Hiremath - Vice Chairman & Managing Director
Sarangan Suresh - Executive Director & SVP - Operations
Kuldeep Jain - Chief Financial Officer
Scientific Founders:Jai Hiremath (Founder)
Board Members:Jai Hiremath (Founder & Executive Chairman), Sameer Hiremath (Vice Chairman & MD), Sarangan Suresh (Executive Director)
LINKS
Website:hikal.com
LinkedIn:LinkedIn Profile
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