ASG Biochem

What ASG Biochem does

ASG Biochem Pvt Ltd is a private Indian bulk active pharmaceutical ingredient manufacturer headquartered in New Delhi. Its operating base is a unit acquired from Akzo Nobel N.V. in 2004, with three manufacturing plants across 12 acres in Ganganagar, West Bengal. The company specializes in hormone and steroid APIs, including progestogen, estrogen, testosterone and anabolic series, selective estrogen receptor modulators, veterinary APIs, pharmaceutical intermediates and micronized materials. Its disclosed chemical capabilities include acylation, alkylation, bromination, hydrogenation and related synthesis transformations, supported by process R&D and ICH-compliant analytical work.

ASG Biochem serves pharmaceutical manufacturers through direct enterprise sales and exports to the US, Europe, Japan, Asia, Latin America, Australia and Africa, while maintaining a US operations office in New York. It sells APIs to BP/EP/USP/IP specifications, supplies Internal Group Companies, and offers custom synthesis and contract manufacturing with elemental analysis, impurity profiling, microbiology and TSE/BSE-related compliance; Drug Master Files are available or under preparation. Its disclosed revenue mechanics are product sales and specialized manufacturing services, with no public pricing, contract values or financial data.

Name

ASG Biochem

Legal name

ASG Biochem Pvt Ltd

Website

https://asgbiochem.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

51–100 employees

Short description

ASG Biochem is an Indian manufacturer of bulk hormone and steroid active pharmaceutical ingredients, serving global pharmaceutical companies through direct exports, custom synthesis, intermediates and micronized materials for regulated drug formulations.

Ownership category

akta.pro rank

Product category

Active Pharmaceutical Ingredient Manufacturing

NAICS

Pharmaceutical and Medicine Manufacturing (3254), Medicinal and Botanical Manufacturing (325411)

SIC

Medicinal Chemicals & Botanical Products (2833)

akta.pro primary industry

Small-Molecule API Commercial Manufacturing (HLAGAHAB)

akta.pro secondary industry

Controlled Substances / DEA-Scheduled API Manufacturing (HLAGAHAD)

Keywords

• Active Pharmaceutical Ingredients
• Hormone API Manufacturing
• Steroid API Production
• Bulk Drug Substances
• Pharmaceutical Intermediates

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Others

Revenue model

1. Bulk API Manufacturing: ASG Biochem generates revenue through the manufacture and sale of bulk Active Pharmaceutical Ingredients (APIs), particularly hormones and steroids. Products are sold under various specifications (BP/EP/USP/IP) to pharmaceutical companies globally. Revenue is generated through product sales with DMF (Drug Master File) available or under preparation.
2. Custom Synthesis and Manufacturing Services: The company offers custom synthesis and manufacturing services for pharmaceutical clients, providing specialized API production capabilities. Full ICH compliance with elemental analysis, impurity profiling, microbiology, and TSE/BSE compliance is maintained.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

ASG Biochem manufactures and supplies bulk Active Pharmaceutical Ingredients (APIs) and intermediates, with specialized focus on hormone and steroid APIs across Progestogen, Estrogen, Anabolic, and Testosterone series, plus SERMs. The company operates three state-of-the-art manufacturing plants across 12 acres in Ganganagar, West Bengal, India (acquired from Akzo Nobel N.V. in 2004) and offers custom synthesis and contract manufacturing services with ICH compliance, micronization, and Drug Master File (DMF) support for global pharmaceutical customers in regulated markets.

Product overview

ASG Biochem is a bulk Active Pharmaceutical Ingredient (API) manufacturing company specializing in hormones and steroids. The company operates three state-of-the-art manufacturing plants across 12 acres in Ganganagar, West Bengal, India, acquired from Akzo Nobel N.V. in 2004. The product portfolio is organized into five API series: Progestogen Series, Estrogen Series, Anabolic Series, Testosterone Series, and SERMs (Selective Estrogen Receptor Modulators), plus Veterinary Formulations. All APIs are manufactured to BP/EP/USP/IP specifications. The company also offers pharmaceutical intermediates, micronized materials, and custom synthesis manufacturing services with full ICH compliance. A separate manufacturing unit handles non-steroidal/non-hormonal products under GMP norms. Fixed dose formulations are available through associate companies.

Differentiator

Problem solved

Functional benefit

Products and services

• Progestogen Series APIs A series of progesterone-derived active pharmaceutical ingredients including Progesterone, Allylestrenol, Lynestrenol, Norethisterone, Norethisterone Acetate, Norethindrone, and Norethindrone Acetate, manufactured to BP/EP/USP/IP specifications for pharmaceutical manufacturers.
• Estrogen Series APIs A series of estrogen-derived active pharmaceutical ingredients including Estriol, Estradiol, Estradiol Benzoate, Estradiol Valerate, Estradiol Hemihydrate, Ethinyl Estradiol, and Estradiol Phenyl Propionate, manufactured to BP/EP/USP/IP specifications for pharmaceutical manufacturers.
• Anabolic Series APIs A series of anabolic steroid APIs including Ethylestrenol, Nandrolone Decanoate, Nandrolone Phenyl Propionate, and Nandrolone Laurate, manufactured to BP/EP/USP/IP specifications for pharmaceutical manufacturers.
• Testosterone Series APIs A comprehensive series of testosterone-derived active pharmaceutical ingredients including Methyl Testosterone, Testosterone, Testosterone Cypionate, Testosterone Decanoate, Testosterone Enanthate, Testosterone Isocaproate, Testosterone Propionate, Testosterone Phenyl Propionate, and Testosterone Undecanoate, manufactured to BP/EP/USP/IP specifications for pharmaceutical manufacturers.
• SERMs (Selective Estrogen Receptor Modulators) Selective estrogen receptor modulator products including Clomifene Citrate, manufactured to pharmaceutical quality standards for pharmaceutical manufacturers.
• Veterinary Formulation APIs Active pharmaceutical ingredients for veterinary applications, manufactured under GMP norms for veterinary pharmaceutical manufacturers.
• Pharmaceutical Intermediates Chemical intermediates used in the synthesis of active pharmaceutical ingredients, with wide range of chemical reactions including Acylation, Alkylation, Bromination, and Hydrogenation, supplied to pharmaceutical manufacturers.
• Micronized Material Micronized pharmaceutical material available for APIs and intermediates to meet specific particle size requirements, enhancing bioavailability and formulation performance for pharmaceutical manufacturers.
• Custom Synthesis & Manufacturing Services Contract manufacturing services for custom synthesis of pharmaceuticals with full ICH compliance including elemental analysis, impurity profiling, and microbiology testing; DMF available and under preparation. Targeted at pharmaceutical clients needing specialized API production.

Quantifiable outcome

• World-class manufacturing with multiple certifications including FDA audit, ISO 9001:2015, ISO 14001:2015, and Schedule-M GMP compliance

Named customers4 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Akzo Nobel N.V., NetherlandshistoricalOthers · 1 January 2004The Ganganagar manufacturing unit was acquired from Akzo Nobel N.V., Netherlands in 2004. This acquisition established ASG Biochem's presence in the pharmaceutical API manufacturing sector, particularly in hormones and steroids. The acquisition provided ASG Biochem with world-class manufacturing facilities, established quality systems, and a heritage in steroid and hormone API production.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Symbiotec Pharmalab: Indian-headquartered steroid and hormone API manufacturer with global supply. Most directly comparable peer given shared focus on corticosteroid and hormone active ingredients, FDA-audited facilities, and multi-region export footprint.
• Gonane Pharma: India-based manufacturer specializing in hormonal active pharmaceutical ingredients including oral contraceptives and steroid hormones. Directly comparable niche overlap with ASG Biochem's Progestogen and Estrogen API series.
• Sterling Pharma Solutions: UK-headquartered CDMO with established steroid and hormone API manufacturing capabilities. Directly comparable as a contract manufacturer serving global pharma customers in regulated markets with similar chemistry expertise.

Broad incumbents

• Cipla: Major Indian pharmaceutical company with significant in-house API manufacturing including steroids and hormones. Comparable as a fellow India-based API and finished-dose player, though operating at much larger scale across many therapeutic areas.
• Aurobindo Pharma: Vertically integrated Indian pharma with large API division producing steroids, hormones, and other small molecules. Comparable in API manufacturing model and global export orientation, but with a substantially broader product basket.
• Dr. Reddy's Laboratories: Vertically integrated Indian pharmaceutical company with API manufacturing operations serving regulated markets. Comparable in regulatory-credentials-led export strategy and India-headquartered B2B pharma model, though much broader in therapeutic scope.
• LGM Pharma: US-based API supplier and CDMO distributing generic APIs including hormones and steroids to North American pharmaceutical customers. Comparable as a steroid API channel player serving regulated-market pharma companies.

Regional players

• Hubei Gedian Humanwell Pharmaceutical: Chinese API manufacturer with steroid and hormone production capabilities. Comparable product overlap in hormone APIs but operates primarily out of China, competing with ASG in global generics supply chains.
• Aspen Pharmacare (Aspen API): South African-headquartered pharmaceutical manufacturer with API production capabilities including hormones. Comparable as a non-India emerging-market API player serving global generics supply.

Emerging players

• Kreussler Pharma: Specialty pharmaceutical manufacturer with steroid active ingredient production. Comparable as a niche European player in hormone and corticosteroid APIs targeting regulated markets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/asg-biochem

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ASG Biochem