Serum Institute of India was the top biotech company in India in 2006 based on revenue, generating Rs 950.95 crore, followed by Biocon and Panacea Biotech. The document lists the top 10 biotech companies in India from 2006 based on revenue amounts and growth percentages from 2005.

1. Top Ten Biotech Companies in India
Rank Company Revenue (Rs Revenue (Rs Growth (%)
crore) crore)
2006 2005
1. Serum Institute of India 950.95 703.00 35.27
2. Biocon 728.00 603.00 20.73
3. Panacea Biotech 600.00 437.82 37.04
4. Monsanto Biotech 391.25 162.5 140.62
5. Rasi Seeds 309.49 86.87 256.27
6. Venkateshwara Hatcheries 190.5 188 1.95
7. Novo Nordisk 222.00 175.00 26.86
8. Tulip 165.00 132.00 25
9. Indian Immunologicals 157.90 100.00 57.90
10. TransAsia Biomedics 151.37 127.00 19.19
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