Intas Pharmaceuticals Revenue, Valuation, Funding & Investors

Intas Pharmaceuticals is valued at $4.3B as of June 2020, a 2.1x multiple on its last reported $2B revenue.

Last Intas Pharmaceuticals valuation

$4.3B

Secondary · Jun 2020

Intas Pharmaceuticals revenue

$2B

Secondary · Jun 2020

Key investors in Intas Pharmaceuticals

  • ChrysCapital
  • Capital Group

Intas Pharmaceuticals Overview

About Intas Pharmaceuticals

Intas Pharmaceuticals is an Ahmedabad, India-based company ranked among India's top-10 pharmaceutical firms and the largest privately held in the country. The group manufactures generics, biosimilars, and value-added products across dosage forms like solid orals, injectables, and lyophilized preparations in over 10 facilities. Intas operates in 70 countries with major exports to the US, UK, and EU, holding the largest biosimilars portfolio commercialized in India and the first EU-launched biosimilar from an Indian firm.


Founded

2000

HQ

IndiaAhmedabad

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Revenue

$2B (Jun 2020)

Valuation

$4.3B (Jun 2020)

Intas Pharmaceuticals Valuation

Intas Pharmaceuticals is currently valued at $4.3B, based on its secondary sale in June 2020.

The $132M round was led by ChrysCapital.

Intas Pharmaceuticals' valuation has grown 1.2x from $3.5B at its secondary sale in April 2017 to $4.3B in June 2020, across 2 priced rounds.

Intas Pharmaceuticals valuation by funding round

Revenue multiple
Intas Pharmaceuticals valuation by funding round
DateStageValuationRevenue Multiple
Jun 2020Secondary$4.3B2.1x
Apr 2017Secondary$3.5B3.5x

Intas Pharmaceuticals Revenue

Intas Pharmaceuticals' latest recorded revenue is $2B, as of its secondary sale in June 2020. At a $4.3B valuation, that implies a 2.1x revenue multiple.

Revenue grew from $1B in April 2017 to $2B in June 2020, while the revenue multiple moved from 3.5x to 2.1x.

Intas Pharmaceuticals revenue by funding round

Intas Pharmaceuticals revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Jun 2020$2B$4.3B2.1xSecondary
Apr 2017$1B$3.5B3.5xSecondary

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Intas Pharmaceuticals Funding History

Intas Pharmaceuticals has 2 recorded secondary share sales and no primary funding rounds.

Intas Pharmaceuticals funding rounds

Intas Pharmaceuticals funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2020SecondaryChrysCapital (lead)$132M$4.3BIntas Pharmaceuticals is an Ahmedabad-based, vertically integrated global pharmaceutical company focused on formulation development, manufacturing, and marketing, with strong presence in chronic therapy areas like CNS, cardiovascular, diabetology, gastroenterology, urology, and oncology. It generates revenues from India (20-30%), Europe (35-40%), and the US (30%), bolstered by the 2016 $764M acquisition of Teva's UK and Ireland businesses. The company operates 10 manufacturing facilities with USFDA approvals and has over 10,000 product registrations worldwide. In February 2020, ChrysCapital acquired a 3% stake in Intas from Capital International for $132 million in a secondary transaction, implying a company valuation of $4.25 billion and doubling ChrysCapital's holding to 6%. This marked the fourth investment by ChrysCapital in Intas since 2006, following their partial exit in 2017 at a $3.5 billion valuation when they sold the same stake for $105-106 million. Promoters hold 84%, Temasek 10% post-transaction. Intas reported revenues topping $2 billion for the financial year ending March 2020, reflecting a 25.5% CAGR from 2012-2019 when it reached $1.88 billion. The company has explored IPO plans multiple times but deferred them due to market conditions, prioritizing international expansion under vice-chairman Binish Chudgar.
Apr 2017SecondaryCapital Group (lead)$107M$3.5BIntas Pharmaceuticals is an Ahmedabad-based pharmaceutical company focused on manufacturing and marketing formulations, ranked 10th in the Indian market with a 2.8% share and operations across the US, UK, and EU. Capital International, part of Capital Group, acquired a 3% equity stake from ChrysCapital for $107 million on April 3, 2017, in a secondary transaction advised by Moelis & Co.. The deal valued Intas at $3.5 billion (Rs23,000 crore), making it India's most valued private pharmaceutical firm at the time.. Intas reported annual sales exceeding $1 billion around the transaction period. Previously, ChrysCapital sold a 10.2% stake to Temasek Holdings in November 2014 for Rs880 crore, and Intas expanded via acquisitions like Teva's UK and Ireland businesses and Spain's Combino Pharma.. Capital International's investment marked its second in Indian generics, following Mankind Pharma..

Who has invested in Intas Pharmaceuticals?

2 investors have backed Intas Pharmaceuticals across its funding rounds, including ChrysCapital and Capital Group.

Lead investors include ChrysCapital and Capital Group.


Intas Pharmaceuticals Investors

Investors in Intas Pharmaceuticals by funding rounds participated
InvestorHQRoundsRoleFirst check

This data is available for Pro users. Sign up to see all 2 Intas Pharmaceuticals investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Acquisitions by Intas Pharmaceuticals

Intas Pharmaceuticals has acquired 3 companies to date.

Last acquisition by Intas Pharmaceuticals was on December 3rd 2024. Intas Pharmaceuticals acquired UDENYCA for $558M.


Latest Acquisitions by Intas Pharmaceuticals

UDENYCA
Actavis Ireland Ltd.
Actavis UK Ltd
Description
UDENYCA is a biosimilar to Neulasta developed by Coherus BioSciences for reducing infection risk in chemotherapy patients. The on-body injector delivers pegfilgrastim over 45 hours with patient-controlled activation. UDENYCA received U.S. FDA approval in 2018 and European approval as Fulphila. It offers home administration kits shipped to patients. Coherus markets it through distributors in North America and Europe.
-
Actavis UK Ltd. is a Warwick-based developer and distributor of generic and branded pharmaceuticals, focusing on respiratory, dermatology, and pain management drugs. It manufactures at sites in Barnstaple and operates under MHRA oversight, supplying the National Health Service with products like Ovestin cream and Seretide generics. Part of Teva since 2016, it holds a 15% share of the UK generics market.
HQ CountryUnited StatesIrelandUnited Kingdom
HQ City
San Francisco, CA
-
Barnstaple
Deal Date3 Dec 20246 Oct 20165 Oct 2016
Valuation$558M$766M$766M
EV/Revenue
EV/EBITDA

This data is available for Pro users. Sign up to see all Intas Pharmaceuticals acquisitions and their M&A valuation multiples.

Start Free Trial

Intas Pharmaceuticals Competitors

Intas Pharmaceuticals competitors include listed companies like Indivior Pharmaceuticals, Yuhan, Zelgen Biopharmaceuticals and Relay Therapeutics, and private ones like LEO Pharma and Biomat USA.

Public and private companies comparable to Intas Pharmaceuticals
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
LEO PharmaDenmarkCopenhagenPrivate-$301M$4.2B-
Indivior PharmaceuticalsUnited StatesUnited StatesPublicly listed$1.2B$282M$4.2B3.4x
YuhanSouth KoreaSouth KoreaPublicly listed$1.6B$218M$4.2B2.6x
Zelgen BiopharmaceuticalsChinaChinaPublicly listed$121M($22M)$4.3B17.6x
Relay TherapeuticsUnited StatesUnited StatesPublicly listed$15M($300M)$4.2B279.1x
Biomat USAUnited StatesLos Angeles, CAPrivate--$4.2B-

Intas Pharmaceuticals Public Comps

Intas Pharmaceuticals is still privately-owned, but its public comps include Indivior Pharmaceuticals, Yuhan, Zelgen Biopharmaceuticals, Relay Therapeutics, Shanghai Junshi, Amylyx Pharmaceuticals, Aspen Pharmacare, Celcuity, Dong-E-E-Jiao and Hikma Pharmaceuticals.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Indivior Pharmaceuticals$1.2B$282M3.6x3.4x16.0x7.0x
Yuhan$1.6B$218M2.6x2.6x19.3x29.8x
Zelgen Biopharmaceuticals$121M($22M)33.5x17.6x(181.4x)62.6x
Relay Therapeutics$15M($300M)216.4x279.1x(11.1x)(10.0x)
Shanghai Junshi$373M($99M)11.9x9.6x(44.9x)(225.8x)
Amylyx Pharmaceuticals-($153M)--(26.6x)(24.5x)
Aspen Pharmacare$2.7B$200M2.2x2.7x29.2x14.1x
Celcuity-($172M)-163.2x(24.2x)(17.8x)

This data is available for Pro users. Sign up to see all Intas Pharmaceuticals competitors and their valuation data.

Start Free Trial

Common questions about Intas Pharmaceuticals

When was Intas Pharmaceuticals founded?Intas Pharmaceuticals was founded in 2000.
Where is Intas Pharmaceuticals headquartered?Intas Pharmaceuticals is headquartered in Ahmedabad, India.
Is Intas Pharmaceuticals publicly listed?No, Intas Pharmaceuticals is a private, VC-backed company.
What is Intas Pharmaceuticals' valuation?Intas Pharmaceuticals was last valued at $4.3B in its secondary sale in June 2020.
Who are Intas Pharmaceuticals' investors?Intas Pharmaceuticals' investors include Capital Group and ChrysCapital.
What is Intas Pharmaceuticals' revenue?Intas Pharmaceuticals' latest recorded revenue is $2B (June 2020).
What is Intas Pharmaceuticals' revenue multiple?Intas Pharmaceuticals' latest valuation implies a 2.1x revenue multiple ($4.3B valuation on $2B of revenue).
Which companies are comparable to Intas Pharmaceuticals?Companies comparable to Intas Pharmaceuticals include LEO Pharma, Indivior Pharmaceuticals, Yuhan, Zelgen Biopharmaceuticals, Relay Therapeutics and Biomat USA.
How many companies has Intas Pharmaceuticals acquired?Intas Pharmaceuticals has acquired 3 companies, including UDENYCA, Actavis Ireland Ltd. and Actavis UK Ltd.
What was the largest acquisition by Intas Pharmaceuticals?The $766M acquisition of Actavis Ireland Ltd. in October 2016 is the largest acquisition Intas Pharmaceuticals has made to date.

See companies similar to Intas Pharmaceuticals

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial