IndoRama Health Care Pvt. Ltd.

What IndoRama Health Care Pvt. Ltd. does

IndoRama Health Care Pvt. Ltd. (trading as INDO RAMA PHARMA) is an Indian pharmaceutical third-party manufacturer established in 2010 with its primary manufacturing facility in Kala-Amb, Nahan, Himachal Pradesh, alongside branch offices in Yamunanagar (Haryana) and Delhi. The company produces soft gelatin capsules (40+ formulations across allopathic, hormonal, Ayurvedic, and nutraceutical categories), pharmaceutical syrups, and sterile injectables for contract-manufacturing, PCD franchise distribution, and direct export. Manufacturing capacity stands at 12.5 million capsules per month from a 30,000 sq ft facility equipped with Pharmagel Italy encapsulation machines and Elmac/ACG-Pam blister machines, with humidity control areas (Low RH), ETP/STP water treatment, and GMP-WHO compliant testing laboratories.

The company's revenue model rests on three streams: contract manufacturing for pharmaceutical companies and exporters (manufacturing services revenue), a PCD (Propaganda Cum Distribution) franchise model offering territorial distribution rights (licensing/royalties revenue), and direct bulk pricing of branded formulations such as OMGCURE 369 Flaxseed Softgels, NRG-4G, and Indocold Softgels. Distribution reaches all Indian states and union territories domestically and is claimed to extend through direct export to Europe, Africa, Asia, Brazil, Australia, and Canada, with approximately 50% of business attributed to export channels. Customer acquisition runs through an inquiry-based model anchored on the TradeIndia marketplace, the company website, and social media on Facebook, YouTube, and Pinterest.

The company is privately held and founder-led, with Mr. Gaurav Jindal identified as Marketing Partner. No external institutional investors, parent entities, or subsidiaries are disclosed. The facility operates under WHO-cGMP and ISO certifications, providing the regulatory standing required for export-grade pharmaceutical manufacturing. The firm was originally active in scaffolding and timber products before entering pharmaceutical manufacturing and has since built a horizontal product portfolio targeting PCD franchise holders, softgel exporters and traders, and healthcare/cosmetics industry buyers.

Name

IndoRama Health Care Pvt. Ltd.

Legal name

IndoRama Health Care Pvt. Ltd.

Website

https://indoramapharma.co.in

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

1–10 employees

Short description

IndoRama Health Care Pvt. Ltd. (trading as INDO RAMA PHARMA) is an Indian pharmaceutical third-party manufacturer of softgel capsules, syrups, and injectables, serving PCD franchise holders, exporters, and traders across India, Europe, Africa, Asia, Brazil, Australia, and Canada from a GMP-WHO certified facility.

Ownership category

akta.pro rank

Product category

Pharmaceutical Contract Manufacturing

NAICS

Pharmaceutical Preparation Manufacturing (325412), Drugs and Druggists' Sundries Merchant Wholesalers (42421)

SIC

Pharmaceutical Preparations (2834), Wholesale-Drugs, Proprietaries & Druggists' Sundries (5122)

akta.pro primary industry

Pharmaceutical & Medical Device Packaging (GMP, Tamper-Evident, Cold-Chain Packs) (TLAIAGAI)

akta.pro secondary industry

Specialty Pharmaceutical Distributors (HLAIAJAB)

Keywords

• Contract pharmaceutical manufacturing
• Softgel capsule manufacturing
• PCD pharma franchise
• Third party manufacturing
• Pharmaceutical formulations

Headquarters

HQ city

Nahan

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Third Party Manufacturing: Contract manufacturing services for pharmaceutical companies, PCD pharma franchise holders, and softgel exporters. Manufactures products to buyer specifications using company-owned facility and equipment.
2. PCD Pharma Franchise: PCD (Propaganda Cum Distribution) franchise model offering exclusive or non-exclusive rights to distribute pharmaceutical products in specified territories.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

IndoRama Health Care Pvt. Ltd. manufactures pharmaceutical formulations as a third-party (contract) manufacturer and supplies them under PCD franchise arrangements. Its core offering is soft gelatin capsules across allopathic, hormone, ayurvedic, and nutraceutical categories, supplemented by pharmaceutical syrups, sterile injectables, and branded PCD formulations (such as OMGCURE 369, NRG-4G, Indocold Softgels). Production runs on Pharmagel Italy encapsulation and Elmac/ACG-Pam blister lines inside a 30,000 sq ft WHO-cGMP compliant facility in Himachal Pradesh, with stated capacity of approximately 12.5 million capsules per month.

Product overview

IndoRama Health Care Pvt. Ltd. (trading as INDO RAMA PHARMA) is a pharmaceutical third-party manufacturer established in 2010, based in Himachal Pradesh, India. The company operates as a single-product manufacturer with multiple product lines including Soft Gelatin Capsules (the core offering with 40+ formulations such as Alfacalcidol, Isotretinoin, Fish Oil, Flaxseed Oil, Moringa, vitamins, and therapeutic drugs), Pharmaceutical Syrups (10+ liquid formulations for respiratory, digestive, and nutritional support), Pharmaceutical Injectables (9 sterile formulations including antibiotics and vitamins), and PCD Pharma Products (branded formulations like OMGCURE 369, NRG-4G, and various supplements). The company manufactures using GMP-WHO compliant facilities with automatic equipment from Pharmagel Italy and ACG-PAM, producing 125 crore capsules monthly across 30,000 sq ft facility. Products are offered for third-party manufacturing, PCD franchise, and export to global markets.

Differentiator

Problem solved

Functional benefit

Brands

• OMGCURE 369 Flaxseed Softgels: Flaxseed Oil Omega 3 6 9 Softgel Capsules for bipolar disorder and rheumatoid arthritis support.
• Indocold Softgels
• NRG-4G Softgel Capsules
• Indocobal Capsules
• Indo-Cal Softgels

Products and services

• Soft Gelatin Capsules (Manufacturing) Contract manufacturing of soft gelatin capsules in Allopathic, Hormones, Ayurvedic, and Nutraceutical categories, including formulations such as Alfacalcidol, Isotretinoin, Fish Oil, Flaxseed Oil, Moringa, Vitamin A, Coenzyme Q10, and various therapeutic softgel capsules. Made for PCD pharma franchise holders, exporters, and bulk buyers.
• PCD Pharma Products Branded pharmaceutical formulations offered under the PCD franchise model, including OMGCURE 369 Flaxseed Softgels, NRG-4G Softgels (multivitamin antioxidant), Indocold Softgels, Indocobal Capsules, Indo-Cal Softgels, Lycopene Capsules, Calcium Softgel Capsules, Vitamin E Softgel Capsules, Cholecalciferol Softgel Capsules, Evening Primrose Oil Capsule, and Multivitamin Softgels Capsules. Targeted at franchise distributors and resellers.
• Pharmaceutical Syrups Liquid oral medications manufactured and supplied as part of the contract-manufacturing product line. Includes Ambroxol-based respiratory syrups, Dextromethorphan/Phenylephrine/Chlorpheniramine cough and cold syrup, Fungal Diastase Pepsin digestive syrup, Amoxycillin Potassium Clavulanate antibiotic suspension, Antioxidant Multivitamin & Multimineral syrup, Vitamin B-Complex with L-Lysine syrup, Ferrous Ascorbate & Folic Acid syrup, and Disodium Hydrogen Citrate urinary alkalizer syrup.
• Pharmaceutical Injectables Sterile injectable formulations manufactured under contract, including Rabeprazole Sodium 20 mg injection, Ceftriaxone 1 gm injection, Ceftriaxone & Sulbactum injection, Cefoperazone injection, Cefoperazone & Sulbactum for injection, Glutathione 600 mg injection, Methylcobalamin injection, Tranexamic Acid 100 mg injection, and Triamcinolone Acetonide injection. Targeted at hospitals, distributors, and franchise partners.
• Third-Party (Contract) Manufacturing Service Contract manufacturing services for pharmaceutical companies, PCD pharma franchise holders, and softgel exporters/traders. Products are manufactured to buyer specifications under the buyer's brand at the company's 30,000 sq ft WHO-cGMP facility in Himachal Pradesh, using Pharmagel Italy encapsulation machines, Elmac/ACG-Pam blister packaging, and humidity-controlled production areas. Bulk orders only with MOQ enforced.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators8 records

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• Cipla: Top-tier Indian pharmaceutical manufacturer with global presence in generics, APIs, and complex dosage forms including softgels and injectables. Comparable as a broad incumbent in Indian pharma manufacturing with WHO-cGMP certified facilities, though operating at significantly greater scale and across a much broader therapeutic portfolio.
• Mankind Pharma: One of India's largest pharmaceutical companies with a deep PCD and super-distributor franchise network across the country. Comparable as a broad incumbent in the Indian pharma distribution and manufacturing space, though at much larger scale and with proprietary brand portfolio.

Direct peers

• Centurion Healthcare: Indian PCD pharma franchise and contract manufacturer with a broad portfolio of capsules, softgels, syrups, and injectables, exporting to Africa, Asia, and CIS markets. Directly comparable on PCD franchise model, multi-dosage form manufacturing, and export orientation.
• Tirupati Medicare: Indian pharmaceutical manufacturer specializing in softgel capsule production with PCD franchise and export operations. Directly comparable as a softgel-focused mid-sized manufacturer serving similar franchise and trader customers.
• Akums Drugs & Pharmaceuticals: India's largest pharmaceutical contract development and manufacturing organization (CDMO), producing dosage forms including softgel capsules, injectables, and syrups for domestic and export customers. Directly comparable as a multi-format contract manufacturer with WHO-cGMP certified facilities serving PCD franchise and export clients.
• Bliss GVS Pharma: Indian pharmaceutical company with a leading softgel capsule manufacturing franchise and PCD distribution network across India and emerging markets. Directly comparable for its softgel specialty, PCD franchise model, and Africa/Asia export focus.
• Softgel Healthcare Pvt Ltd: Indian pharmaceutical manufacturer focused on softgel capsule production offering third-party manufacturing and PCD franchise services. Direct peer specializing in the same softgel dosage form with similar PCD franchise and contract manufacturing business model.
• DM Pharma: Indian pharmaceutical company with PCD pharma franchise network and contract manufacturing across multiple dosage forms including softgels. Direct peer for the PCD franchise-led distribution model and third-party manufacturing service offering.
• Pioneer Pharma: Indian pharmaceutical company with PCD franchise distribution and contract manufacturing across softgels, tablets, syrups, and injectables. Direct peer for the PCD franchise + third-party manufacturing hybrid model targeting similar franchisee and exporter customers.
• Joinhub Pharma: Indian pharmaceutical manufacturer offering third-party manufacturing and PCD franchise for softgel capsules, tablets, syrups, and injectables. Direct peer in the mid-sized Indian contract manufacturing and PCD segment with comparable product breadth.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutu.be/ezln1QQYl8w
• Facebookfacebook.com/Indo-Rama-Pharma-635923163587379
• Pinterestpinterest.com/tradeindiab2b/indo-rama-pharma
• LinkedInlinkedin.com/company/indorama-healthcare

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 IndoRama Health Care Pvt. Ltd.