Indian pharmaceutical companies Micro Labs and Laurus Labs announce expansion plans

Micro Labs Limited, a Bengaluru-based pharmaceutical company, is celebrating 53 years of operations. Founded in 1973 by G. C. Surana, the privately held firm has grown into one of India’s top 20 pharmaceutical players. The company currently maintains a presence in over 50 countries, operates 17 manufacturing units, and employs 15,000 people with a portfolio exceeding 400 products.

Separately, Laurus Labs is pursuing growth in its finished-dose medicines and contract manufacturing sectors. Led by Executive Director Soumya Chava, the company aims to increase the contribution of formulations to complement its existing active pharmaceutical ingredients (API) business. Laurus Labs reported a 23% year-on-year revenue increase to Rs 6,813 crore for FY26, with profit after tax reaching Rs 889 crore. Expansion efforts include new manufacturing capabilities in Visakhapatnam and Hyderabad, focusing on microbial fermentation, gene therapy, and antibody-drug conjugates.