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Aragen Life Eyes IPO as It Expands Global Footprint
Mint Mumbai
|August 29, 2025
A Likely Shift in the Global Pharma Supply Chain Away From China Has India's CRDMOs Eyeing a Larger Market Share
Goldman Sachs-backed Aragen Life Sciences Ltd is stepping up expansion across biologics and high-potency therapeutics while preparing for an eventual public listing, its top executive told Mint.
The Hyderabad-based contract research, development and manufacturing organization (CRDMO) raised $100 million from Quadria Capital in January 2025, valuing the company at roughly $1.4 billion (₹12,259 crore). The Avendus Future Leaders Fund and SBI Life Insurance also contributed ₹300 crore in a secondary stake purchase.
An initial public offering (IPO) will likely be the next step for the company, but only when the time is right, said CEO Manni Kantipudi.
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