Biotech Firms In Mumbai : India has the third-largest pharmaceutical production capacity in the world and the thirteenth-largest pharmaceutical manufacturing market in terms of total value. Mumbai, home to several pharmaceutical businesses, is a key player in this booming sector. Not only has Mumbai’s economy benefited from this tremendous expansion, but so has the city’s real estate market. Commercial spaces, warehouses, offices, research and development facilities, corporate offices, and residential buildings are needed as the city’s pharmaceutical industry continues to grow.

In this post, we’ll examine Mumbai’s top biotech firms and their numerous effects on the city’s economic climate and dynamic real estate market.

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Mumbai’s corporate environment

Mumbai is a thriving centre for many different types of enterprises and industries. Notably, it houses several significant and powerful firms and supports a strong startup community. Mumbai is well known for housing the National Stock Exchange and the Bombay Stock Exchange, two of the biggest stock markets in the world. With a significant presence in banking, insurance, and investments, the financial sector also bears the brunt of its prominence. Mumbai also has a significant impact on the nation’s information technology ecosystem since it is home to a large number of businesses that specialise in software development, IT services, and online shopping.

Biotech Firms In Mumbai : Top biotech companies in Mumbai

• Yashraj Biotech
• Company type: Biotech
• Location: Pawane, Navi Mumbai – 400705
• Founded in: 1999

Leading provider of native and recombinant proteins for the calibration and control requirements of the diagnostic industry, Yashraj Biotech is a leading maker of high-purity biomarkers. It operates from Mumbai, India, with ISO 13485 and ISO 9001 certified facilities, and offers a variety of biomedical fluid-based proteins to speed up biomarker research and bulk availability. Top worldwide diagnostic firms have trusted it for 20 years.

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PreventiNe Life Care

• Company type: Biotech
• Location: Turbhe, Mumbai – 400705
• Founded in: 2007

A well-known genetics lab with a base in Mumbai, PreventiNe Life Care provides genetic screening and prognostic testing services internationally. BabyScreen100+ (Expanded Newborn Screening), their flagship product, has proven a success, protecting newborns and babies from genetic diseases. They have examined more than 200,000 pregnancies and keep having a favourable influence.

Sisco Research Laboratories

• Company type: Biotech
• Location: Andheri (E), Mumbai – 400099
• Founded in: 1974

Sisco Research Laboratories (SRL), a manufacturer of research and laboratory chemicals with its headquarters in Mumbai, specialises in a broad range of goods. SRL has forty years of expertise manufacturing high-quality reagents, biochemicals, and more. SRL was founded in 1975. With 5,000 items in a range of grades, SRL offers bulk and semi-bulk alternatives for businesses, colleges, and research facilities.

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Flagship Biotech International

• Company type: Biotech
• Location: Mahape, Mumbai – 400710
• Founded in: 2009

Flagship Biotech International, founded in 2009 and with its headquarters in Mumbai, is a pharmaceutical firm that is expanding quickly. It focuses in creating, producing, and selling more than 700 pharmaceutical formulations for use in the world’s most important therapeutic fields. Flagship Biotech is a major participant in the pharmaceutical sector with a presence in more than 75 countries and 400+ registered products.

Panacea Biotec

• Company type: Biotech
• Location: Andheri East, Mumbai – 400053
• Founded in: 1984

An innovative biotechnology business called Panacea Biotec is involved in the discovery, production, and commercialization of drugs, vaccines, biosimilars, and adjuvants. With an emphasis on illness management, Panacea Biotec provides a wide range of prescription medicines and vaccines, some of which are WHO-prequalified, as part of its contribution to global healthcare solutions.

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Novozymes South Asia

• Company type: Biotech
• Location: Mumbai – 400099
• Founded in: 1998

The biggest provider of industrial enzymes and microorganisms in the area is Novozymes, which has been a significant presence in India since 1983. It services a variety of industries, including household care, textiles, food & beverages, oils & fats, baking, and beverage alcohol, and has more than 500 workers spread over three locations in Bangalore. Novozymes actively contributes to India’s sustainable future by making large investments in research and development, including a prominent R&T centre in Bangalore.

Epygen Biotech

• Company type: Biotech
• Location: Ghatkopar East, Mumbai – 400614
• Founded in: 2011

A biopharmaceutical business called Epygen Biotech specialises on therapeutic proteins for diseases of the heart, the immune system, and cancer. In addition to Pegfilgrastim and Bevacizumab, it has a pipeline of cancer products that will include the biosimilar recombinant streptokinase (rSK) when it launches in 2018. With its proficiency in recombinant protein production and protein separation processes, Epygen intends to offer cheap biologics.

HiMedia Laboratories

• Company type: Biotech
• Location: L.B.S. Marg, Mumbai – 400 086
• Founded in: 1982

A pioneer in the field of microbiology worldwide, HiMedia Laboratories provides top-notch products in the fields of molecular biology, animal cell culture, and plant tissue culture. Operating in more than 140 countries, it is renowned for its broad selection of cutting-edge goods including Vegetable Hydrolysate based microbiological culture medium (HiVegTM). High-quality chemical testing equipment at HiMedia guarantees consistently ultra-pure goods.

HiMedia Laboratories, a global microbiology leader, offers high-quality products in Microbiology, Molecular Biology, Animal Cell Culture, and Plant Tissue Culture. Operating in over 140 countries, it’s known for its extensive range of Vegetable Hydrolysate based microbiology culture media (HiVeg™) and advanced products. HiMedia’s excellent chemical testing facility ensures consistent ultra-pure products.

Pall Corporation

• Company type: Biotech
• Location: Kurla (West), Mumbai – 400070
• Founded in: 1946

With a focus on supporting many sectors, Pall Corporation is a significant player in the filtration, separation, and purification industry. Pall’s solutions, which have a history of resolving difficult fluid management problems, are essential in the fields of healthcare, aviation, energy, and water treatment. Pall, who is renowned for his scientific knowledge, supports the development of vaccines, sustainable methods, and product purity.

Zytex Biotech

• Company type: Biotech
• Location: Andheri (E), Mumbai 400059
• Founded in: 2006

In India, Zytex Biotech is a leader in industrial biotechnology and has more than 50 years of expertise. In Silvassa, Surat, and Baroda it runs manufacturing plants. Zytex focuses in enzymes, Bacillus strains, additives for animal feed and agriculture, among other things. The business is a major participant in the bioindustrial sector because to its dedication to cutting-edge R&D, which has produced innovations like the nattokinase enzyme and gamma-polyglutamic acid.

Demand for commercial real estate in Mumbai

Biotech Firms In Mumbai :  The workplace

The need for specialist office spaces that accommodate diverse tasks, including administrative, sales, marketing, and research and development teams, is being significantly fueled by Mumbai’s biotech enterprises. They require certain amenities including wet and dry laboratories, clean rooms, cold storage facilities, and access to specialised equipment because of the nature of their particular line of work. Due of this particularity, it is frequently difficult for biotech companies to locate acceptable current office spaces, which raises the demand for bespoke office solutions.

Biotech Firms In Mumbai : Rental housing

Mumbai’s biotech industry’s personnel tends to live close to their places of employment, which has caused a major increase in demand for rental apartments, particularly in regions where biotech businesses are concentrated. Due to the preferences of these professionals, rental homes with amenities like gyms, swimming pools, and child care facilities are especially sought for.

Biotech Firms In Mumbai : Impact

In places with a concentrated biotech presence, such as the Central Business District (CBD) and Bandra Kurla Complex (BKC). The presence of biotech enterprises has a significant influence on real estate pricing and rental rates. For office space and rental assets that are specifically suited to their requirements, biotech companies are ready to pay a premium. In the upcoming years, it is anticipated that this demand boom would continue. Changing Mumbai’s commercial real estate market and enhancing its position as a key centre for biotech innovation.

Mumbai’s response to biotech companies

Mumbai has been severely influence by the biotech sector. Notably in terms of the local real estate market and increased demand. The existence of enterprises has a significant impact on Mumbai’s real estate market. Especially in pricey locations like the Central Business District and the Bandra Kurla Complex. The high demand for both commercial and residential premises in these key business centres is largely to blame for this premium cost. Many workers want to live close to their areas of employment, which stimulates the city’s robust rental market. As a result, the biotech sector has changed Mumbai’s real estate market while also boosting the city’s general economic health.

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