- CEO
- Vishnukanth C. Bhutada
- Full Time Employees
- 1,132
- Sector
- Health technology
- Industry
- Pharmaceuticals: major
- Address
- Shilpa House Raichur KA India 584135
- IPO Date
- Mar 31, 1995
- Business
- Shilpa Medicare Limited manufactures and sells active pharmaceutical ingredients, finished dosage formulations, biologics and biosimilars, and provides contract development and manufacturing organization services to global pharmaceutical companies. The company produces oncology and non-oncology APIs such as anastrozole, capecitabine, gemcitabine HCl, lenalidomide, bendamustine, melphalan, and irinotecan HCl; injectable formulations including azacitidine for injection, bortezomib for injection, busulfan injection, clofarabine injection, decitabine for injection, docetaxel injection, gemcitabine for injection, pemetrexed for injection, and zoledronic acid injection; oral solid formulations such as apremilast tablets, bicalutamide tablets, capecitabine tablets, dimethyl fumarate DR capsules, erlotinib tablets, imatinib mesylate tablets, pirfenidone tablets, prucalopride tablets, thalidomide capsules, tenofovir alafenamide tablets, lenvatinib capsules, teriflunomide tablets, cyclophosphamide capsules, fingolimod capsules, and sunitinib capsules; and other dosage forms including orally disintegrating films, transdermal patches, and lyophilized injectables. It operates in regulated markets worldwide, including the US, Europe, and India, with manufacturing facilities in Raichur and Bengaluru in Karnataka, Jadcherla in Telangana, Nacharam in Hyderabad, and Dabaspet; Shilpa Medicare, founded in 1987 and headquartered in Raichur, Karnataka, India, maintains subsidiaries such as Shilpa Biologicals Pvt Ltd for biologics and Shilpa Pharma Inc in the US. Recent developments include the acquisition of US-based Pilnova Pharma Inc as a wholly owned subsidiary in November 2024 to strengthen US market presence; a May 2025 strategic distribution agreement with Orion Corporation granting exclusive rights to market Shilpa's recombinant human albumin in Europe; a settlement agreement with Celltrion in April 2025; USFDA approval for varenicline tablets in April 2025 and NDA launch of bortezomib for injection in the US in April 2025; European approval for tadalafil orodispersible films in January 2025; and issuance of Europe GMP certificate for Unit VII in Nacharam, Hyderabad, from EMA Austria in December 2024, along with multiple CEP certifications from EDQM for APIs including nifedipine, octreotide, and desmopressin in late 2024.