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- Intas Pharmaceuticals
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
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
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Revenue
$2B (Jun 2020)
Valuation
$4.3B (Jun 2020)
Sectors
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| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jun 2020 | Secondary | $4.3B | 2.1x |
| Apr 2017 | Secondary | $3.5B | 3.5x |
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
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jun 2020 | $2B | $4.3B | 2.1x | Secondary |
| Apr 2017 | $1B | $3.5B | 3.5x | Secondary |
* 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2020 | Secondary | ChrysCapital (lead) | $132M | $4.3B | Intas 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 2017 | Secondary | Capital Group (lead) | $107M | $3.5B | Intas 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions 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
| 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 Country | |||
| HQ City | San Francisco, CA | - | Barnstaple |
| Deal Date | 3 Dec 2024 | 6 Oct 2016 | 5 Oct 2016 |
| Valuation | $558M | $766M | $766M |
| EV/Revenue | |||
| EV/EBITDA | |||
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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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | $301M | $4.2B | - | ||
| Publicly listed | $1.2B | $282M | $4.2B | 3.4x | ||
| Publicly listed | $1.6B | $218M | $4.2B | 2.6x | ||
| Publicly listed | $121M | ($22M) | $4.3B | 17.6x | ||
| Publicly listed | $15M | ($300M) | $4.2B | 279.1x | ||
| Private | - | - | $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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.2B | $282M | 3.6x | 3.4x | 16.0x | 7.0x | |||
| $1.6B | $218M | 2.6x | 2.6x | 19.3x | 29.8x | |||
| $121M | ($22M) | 33.5x | 17.6x | (181.4x) | 62.6x | |||
| $15M | ($300M) | 216.4x | 279.1x | (11.1x) | (10.0x) | |||
| $373M | ($99M) | 11.9x | 9.6x | (44.9x) | (225.8x) | |||
| - | ($153M) | - | - | (26.6x) | (24.5x) | |||
| $2.7B | $200M | 2.2x | 2.7x | 29.2x | 14.1x | |||
| - | ($172M) | - | 163.2x | (24.2x) | (17.8x) | |||
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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. |
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