The Indian Biotech industry is one of the key demand drivers for the technology providers (biosuppliers) whose major clientele are the R&D labs and manufacturing establishments. Though the biotech industry registered 18.5 percent growth over FY 2010-11, the biosuppliers industry recorded only a 15 percent growth. The biosuppliers in 2010-11 had registered a growth of 18.93 percent, but that growth rate declined during 2011-12 to 14.99 percent and the biosuppliers industry clocked 5,324 crore in revenues as against previous year's revenue of 4,630 crore.

The decline in the growth rate is attributed to depreciation of the rupee against greenback and subsequent increase in import costs. This has not only affected the overall revenues but made the market all the more competitive.

The biosuppliers industry has registered a Compound Annual Growth Rate (CAGR) of 32.62 percent during 2002-2006 and in the next five year period the industry witnessed a CAGR of 11.17 percent. The biosuppliers industry has registered a CAGR of 24.61 percent for the period 2002-11.

Though the biosuppliers industry has over 150 companies, multinationals have strong presence in India as they have been offering high quality products and services. The multinational companies (though less in number) account for over 73 percent of the total biosuppliers industry revenues and the rest of the revenues is generated by the local players (mainly the distributors).

While most of the principal companies have been generating an average revenue of over 200 crore from the life sciences business operations in India, the local companies (mainly distributors) have been generating average revenues of 40 crore with only a handful of them generating over 100 crore.

In the North, Agilent Technologies is leading the table with 365.7 crore followed by Becton Dickenson with 248.40 crore and RFCL with 231.5 crore. In the West, Thermo Fisher Scientific is leading the table with Rs 598 crore followed by local play HiMedia Laboratories with Rs 286 crore and Shimadzu Analytical with 201 crore. In the South, Waters is the leading player with 458.5 crore followed by Invitrogen Bioservices India with 234 crore and Sartorius India with 195 crore.

Last year, it was observed that most government research institutions did not make any large purchases citing the lack of sufficient funds. However with greater fund allocation for research, in the 12th five year plan, the industry hopes that this trend will be reversed in the coming years.

• Thermo Fisher Scientific tops the list with 598 crore
• Waters India stands second and Agilent Technologies is the third largest technology provider in the country.
• Top 20 companies contribute 73 percent of the total revenues
• The biosuppliers industry has registered CAGR of 32.62 percent during 2002-06 and a CAGR of 11.17 percent during 2007-11.

Some of the leading technology providers in the industry couldn't participate in this year's survey because of technnical and policy related issues.

 Top 50 BioSuppliers 2012 

Rank	Company	Bioscience business revenues in ( crore)			% Change over
		2011-12	2010-11	2009-10	2010-11	2009-10
1	Thermo Fisher Scientific	598.00	467.00	210.00	28.05%	122.38%
2	Waters India	458.50	362.52	262.20	26.48%	38.26%
3	Agilent Technologies	365.70	318.00	255.00	15.00%	24.71%
4	HiMedia Laboratories	286.00	212.00	196.00	34.91%	8.16%
5	Becton Dickenson	248.40	207.00	180.00	20.00%	15.00%
6	Invitrogen Bioservices India	234.00	180.00	139.13	30.00%	29.38%
7	RFCL (Avantor Performance Materials)	231.50	106.70	93.23	116.96%	14.45%
8	Shimadzu Analytical India	201.00	186.00	141.00	8.06%	31.91%
9	Sartorius India	195.00	166.05	145.00	17.43%	14.52%
10	Imperial Life Sciences	152.70	135.10	112.85	13.03%	19.72%
11	DSS Imagetech	150.00	116.84	88.08	28.38%	32.65%
12	Sigma Aldrich Chemicals	147.60	123.00	100.00	20.00%	23.00%
13	West Pharmaceutical Services	124.00	91.18	-	35.99%	-
14	Eppendorf India	102.66	90.80	73.63	13.06%	23.32%
15	Toshvin Analytical	100.45	89.70	85.10	11.98%	5.41%
16	Advanced Microdevices	85.00	68.00	56.00	25.00%	21.43%
17	Towa Optics	74.29	73.68	64.91	0.83%	13.51%
18	MediSpec India	69.16	58.38	43.24	18.47%	35.01%
19	Adam Fabriwerk	50.00	42.00	-	-	-
20	Nilsan-Nishotech	39.00	30.00	20.00	30.00%	50.00%
21	Genaxy Scientific	34.00	32.50	31.50	4.62%	3.17%
22	Techcomp India	30.00	23.00	15.00	30.43%	53.33%
23	Ultra Group	30.00	-	-	-	-
24	Biotron Healthcare	27.10	21.35	18.50	26.93%	15.41%
25	Syktech Systems	27.00	22.50	18.00	20.00%	25.00%
26	Biodigital	26.00	24.00	27.00	8.33%	-11.11%
27	Biogentek BG	26.00	23.00	-	13.04%	-
28	Premas Biotech	25.82	27.70	-	-6.79%	-
29	BI Biotech	21.05	16.71	14.04	25.97%	19.02%
30	Saksham Technologies	19.23	14.00	15.00	37.36%	-6.67%
31	Sisco Research Laboratories	18.46	15.00	5.30	23.07%	183.02%
32	Gordhandas Desai	18.00	-	-	-	-
33	Anton Paar India	15.00	10.00		50.00%	-
34	Krishgen	15.00	-	-	-	-
35	Pharmalab India	15.00	16.00	19.80	-6.25%	-19.19%
36	Trident Equipments	14.85	13.50	13.50	10.00%	0.00%
37	Esco Biotech	14.74	13.10	10.70	12.52%	22.43%
38	Biohouse solutions	13.22	10.11	7.00	30.76%	44.43%
39	Cryogen Instruments	12.00	10.00		20.00%	--
40	JH Bio Innovations	12.00	11.00	10.90	9.09%	0.92%
41	Axiom Biotek	9.80	7.60		28.95%	--
42	Chromous Biotech	7.50	5.50	5.02	36.36%	9.56%
43	Raj Analytical Services	7.00	4.00	--	75.00%	--
44	Marsap	5.90	4.50	5.30	31.11%	-15.09%
45	Future Bioscience	5.00	4.40	3.50	13.64%	25.71%
46	Bio-Age Equipment & Services	3.05	2.95	2.85	3.39%	3.51%
47	Tecpharma Systems	2.50	9.50	6.00	-73.68%	58.33%
48	Advanced Technologies	1.95	-	-	-	-
49	Sangama Scientific	0.69	-	-	-	-
50	3B BlackBio Biotech India	0.46	-	-	-	-