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Syngene

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Contract Research Organization (CRO) | Syngene International

Bengaluru, IndiaFounded 1993Biotech & Life Sciences
Valuation $4.01B Market cap · 2025
Revenue $508M Latest reported FY
EBITDA $134M Latest reported FY

About Syngene

Syngene International Ltd. operates as a contract research, development, and manufacturing organization (CRDMO), providing integrated scientific services from early-stage discovery to commercial supply. The company was established on November 18, 1993, in Bengaluru, India, by Kiran Mazumdar-Shaw as a subsidiary of Biocon, her pioneering biotechnology enterprise. Mazumdar-Shaw, a first-generation entrepreneur with over four decades of experience in biotechnology, started Biocon in 1978 and has been instrumental in shaping India's biotech landscape. Her vision for Syngene was to create India's first contract research organization (CRO) to support the R&D programs of global innovative companies.

Syngene's business model is structured to serve as a comprehensive partner for a diverse clientele that includes companies in the pharmaceutical, biotechnology, nutrition, animal health, consumer goods, and specialty chemical sectors. Its revenue is generated through a flexible fee-for-service model, long-term contracts, and the establishment of dedicated R&D centers for key clients, which ensures a steady stream of income. The company serves over 400 active clients, including 13 of the top 15 global pharmaceutical companies, ranging from large multinationals to startups and academic institutions. Syngene acts as an extension of its clients' internal scientific teams, offering end-to-end services across the entire drug discovery and development value chain.

Key services are categorized into Discovery, Development, and Manufacturing. Discovery services cover the early stages of research, from target identification to delivering drug candidates. Development services encompass preclinical to clinical trial activities, including drug substance and product development for both small and large molecules. The company's manufacturing arm provides cGMP-compliant production from small volumes for clinical supplies to commercial scale. A notable offering is SynVent, a proprietary platform for fully integrated therapeutic discovery and development. This integrated approach allows for a more efficient and seamless R&D process, reducing time-to-market for new products. The company's infrastructure includes over 2.5 million square feet of specialized facilities across Bangalore, Hyderabad, and Mangalore, operated by a team of over 5,600 scientists.

Source: Dealroom company data

At a glance

Status
Listed
Founded
1993
Headquarters
Bengaluru, India
Listing
IPO 2015
Employees
7,914
Open positions
125
Dealroom signal
40.4/100
Industry
Health
Sub-industry
BioTechnology
Sector
Biotech & Life Sciences, Biotechnology, Biotech and Pharma, Hard Tech, Became Thoroughbred as Subsidiary
Business model
Manufacturing
Client focus
b2b

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
POST IPO EQUITYOther financing Feb 2023 $131M — La Caisse · Monetary Authority Of Singapore · Abu Dhabi Investment Authority · Government of Singapore ↗
IPOOther financing Aug 2015 $0 — Undisclosed —
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Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowthEBITDAMargin
2026 $508M +2.6% $134M 26.5%
2025 $495M +4.4% $151M 30.6%
2024 $474M +9.3% $150M 31.7%
2023 $434M +27.4% $137M 31.5%
2022 $340M +20% $115M 33.7%
2021 $284M +11.1% $101M 35.5%
2020 $255M — $95M 37.1%
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Growth signals

Syngene website traffic

Latest recorded traffic for Syngene is 68K monthly website visits, down 27.7% over the last three months. Syngene's team grew 2.2% over the past year.

Latest monthly visits68K 3-month web change-27.7% 1-year team growth+2.2%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

CompanyHeadquartersStatusEmployeesTotal fundingValuation
Acerta PharmaClinical research on cancer and autoimmune diseases Oss, Netherlands Acquired 138 $371M $7B
Osmotica PharmaceuticalsGlobal specialty pharmaceutical company with a proven history of developing commercially successful pharmaceutical products Marietta, United States Operational
Adamas PharmaceuticalsCreate and commercialize a new generation of medicines intended to lessen the burden of chronic neurologic diseases on patients, caregivers and society using its deep understanding of time-dependent biology Emeryville, United States Acquired
C2CareDesigns therapeutic solutions based on virtual reality in order to immerse patient in an environment that creates a certain stress Sanary-sur-Mer, France Operational
CirculoGene TheranosticsLeader in molecular theranostics by applying proprietary cfdna recovery and enrichment technology Birmingham, United States Operational
Vision GenomicsBiotechnology company that focuses on research and development of therapeutics for age-related eye diseases Washington DC, United States Operational
MedLeverRadiation oncology software provider that builds solutions to simplify workflow Mountain View, United States Operational
ImmunoGenesImmunoGenes is a biopharmaceutical company developing a platform which improves the immune system's response Budakeszi, Hungary Operational
Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

9 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series B and later9 investors entered at this stage

  • True North Managers
  • True North
  • La Caisse
  • Monetary Authority Of Singapore
  • Abu Dhabi Investment Authority
  • Government of Singapore
  • Morgan Stanley
  • Goldman Sachs
  • GIC
Team profiled 38 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 7 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
20 countries with
team presence
🇮🇳 India98%
🇺🇸 United States0.8%
🇬🇧 United Kingdom0.2%
🇦🇪 United Arab Emirates0.1%
🇫🇷 France0.1%
Top 5 of 20 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Syngene on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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