| Rank 06 | Rank 05 | Company | Biotech Turnover (Rs Crore | ||
| 2005-06 | 2004-05 | 2003-04 | |||
| 1 | 2 | Serum Institute of India | 703 | 505 | 491 |
| 2 | 1 | Biocon | 688 | 646.36 | 502 |
| 3 | 3 | Panacea Biotec | 437.82 | 217.29 | 149 |
| 4 | 5 | Mahyco Monsanto Biotech | 391.25 | 162.5 | — |
| 5 | 7 | Rasi Seeds | 309.49 | 86.87 | — |
| 6 | 4 | Venkateshwara Hatcheries | 280 | 188 | 88 |
| 7 | 6 | Novo Nordisk | 175 | 135 | 110 |
| 8 | New | Mahyco | 117.76 | 166.4 | 54 |
| 9 | 8 | Aventis Pharma | 114.5 | 84.3 | 73 |
| 10 | 12 | Indian Immunologicals | 102.67 | 72.38 | 56.69 |
| 11 | 11 | GlaxoSmithKline | 94 | 77.82 | 61 |
| 12 | 15 | Eli Lilly and Company | 85 | 68.38 | 67.4 |
| 13 | 14 | Novozymes | 83 | 69 | 53 |
| 14 | 13 | Shantha Biotechnics | 82.26 | 66.41 | 31.06 |
| 15 | 9 | Bharat Serums | 78.05 | 81 | 79.68 |
| 16 | New | Intervet | 65.52 | 60 | 52 |
| 17 | New | Nuziveedu Seeds | 62.52 | NA | NA |
| 18 | New | Ranbaxy | 61 | NA | NA |
| 19 | 19 | Advanced Enzyme Technologies | 56 | 39.55 | 30.1 |
| 20 | 16 | Wockhardt | 49.75 | — | — |
| 21 | 18 | Bharat Biotech International | 48.1 | 38.02 | 32.63 |
| 22 | 20 | Biological E | 43.93 | 36.25 | 38.37 |
| 23 | New | Rossari Biotech | 41.2 | 33 | 24 |
| 24 | New | Dr Reddy’s | 40 | 30 | 23 |
| 25 | New | Serum International | 39 | 60 | 64 |
| 26 | New | Haffkine Bio-Pharmaceuticals | 36.6 | 33.5 | 29.9 |
| 27 | New | Themis Medicare | 33 | 25 | — |
| 28 | 17 | BIBCOL | 30.53 | 53.25 | 21.59 |
| 29 | New | Indovax | 30 | NA | NA |
| 30 | New | Nicholas Piramal | 29.6 | 47.2 | NA |
| 31 | New | Excel Industries | 22 | 19.11 | 9.76 |
| 32 | New | International Panaacea | 21.5 | 17.2 | 16.21 |
| 33 | New | Hester Pharma | 20.17 | 16.23 | 7.68 |
| 34 | New | Cadila Pharmaceuticals | 17 | 14 | — |
| 35 | New | Maps India | 15 | 22 | 16.66 |
Based on Bio-Spectrum ABLE Industry Survey 2006
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