Granules India Limited is an Indian pharmaceutical manufacturing company headquartered in Hyderabad, Telangana, India. The company is involved in the manufacture and sale of finished dosage forms (FDs), pharmaceutical formulation intermediates (PFIs), active pharmaceutical ingredients (APIs).[4][5]
Granules manufactures off-patent pharmaceutical products at large scale for customers in regulated and other international markets.[6]
The company is among the larger global manufacturers of first-line therapeutic products, including paracetamol, metformin, ibuprofen, guaifenesin, and methocarbamol.
The company manufactures pharmaceutical products across multiple therapeutic categories, including antihistamines, anti-gout agents, anti-thrombocytopenic agents, anti-diabetic drugs, central nervous system (CNS) treatments, oncology products, and mineral supplements. In 2025 company also entered the peptides segment through the establishment of its subsidiary, Ascelis Peptides Private Limited.
History
Granules India was founded in 1984 as Triton Laboratories Private Limited by Krishna Prasad Chigurupati and Uma Chigurupati in Hyderabad, India.[7] The company initially focused on the manufacture of paracetamol active pharmaceutical ingredients (APIs) at its Bonthapally facility, located on the outskirts of Hyderabad.[8]
In 1987, Triton became the second Indian pharmaceutical company to export products to the United States,[8] marking an early milestone in its international expansion.
1990-2000
During the 1990s, the company expanded its manufacturing capabilities.
In 1990, it established a second production facility in Jeedimetla to manufacture multiple APIs.[9] As part of its differentiation strategy, Triton pioneered the production and sale of bulk granulated paracetamol, commonly referred to as direct compressible (DC) grade material or pharmaceutical formulation intermediates (PFIs).
In 1991, Granules India Private Limited was formally incorporated as a merchant exporter of bulk drugs.[9]
In 1993, the company established its first pharmaceutical formulation intermediates (PFI) facility at Jeedimetla, applying the PFI concept to multiple active pharmaceutical ingredients (APIs),[10] and began exporting to international markets including the United States, Germany, and Australia. [11]
Granules became a public company in 1993 and was listed following its initial public offering on the Hyderabad Stock Exchange in 1995.[12]
2000 -2010
In 2001, Triton Laboratories merged with Granules India, consolidating operations under a single corporate entity.[9]
In 2003, Granules commissioned what it described as the world’s largest single-site PFI manufacturing facility at Gagillapur.[13] In the same year, the company established Granules US, a wholly owned subsidiary, to support marketing and distribution activities in the United States.[14][9]
In 2002, Granules India was listed on the Bombay Stock Exchange (BSE), followed by a listing on the National Stock Exchange (NSE) in 2005. During this period, the company commissioned a new paracetamol manufacturing plant at Bonthapally, expanding its active pharmaceutical ingredient (API) production capacity.
2008-2020
In 2008, Granules entered the finished dosage formulations segment, diversifying its business beyond APIs and pharmaceutical formulation intermediates (PFIs). The company received approval from the U.S. Food and Drug Administration (FDA) for its first Abbreviated New Drug Application (ANDA) in 2010.[15][16]
In 2013, Granules India acquired Auctus Pharma Laboratories, an API manufacturing facility with regulatory approvals,[17] and established an API research and development centre at Pragathi Nagar, Hyderabad.[18]
In 2014, the company set up Granules Pharmaceuticals Inc., a wholly owned subsidiary in the United States, to focus on formulation research and development and forward integration.[19]
In 2015, Granules entered the U.S. over-the-counter (OTC) segment through Granules Consumer Healthcare.[20]
In 2016, Granules commissioned a manufacturing facility at Visakhapatnam with capabilities for oncology and high-potency APIs, expanding into specialised therapeutic areas.[21]
In 2019, the company entered the front-end prescription drug business in the United States under the GPI label, marking its move into direct pharmaceutical sales.[22]
2021 - 2025
In 2021, Granules laid the foundation for a large-scale Multi-Unit Pellet System (MUPS) manufacturing facility, aimed at supporting advanced drug delivery technologies.[23]
In 2023, Granules entered into a strategic partnership with Greenko ZeroC to enable decarbonisation, advancing its sustainability initiatives.[24]
In 2024, Granules Life Sciences (GLS) commenced operations with a planned finished dosage capacity of ten billion units annually, and the Granules CZRO pilot plant also became operational.[25]
In 2025, Granules acquired Senn Chemicals AG, a Switzerland-based contract development and manufacturing organisation (CDMO) specialising in peptide development and manufacturing, through its wholly owned subsidiary Ascelis Peptides Private Limited.[26]
Infrastructure
Granules has 10 manufacturing facilities out of which seven are in India, two in the US and one in Switzerland.[27] The Company has eight research centers, one in Pune, five in Hyderabad, one in Switzerland and one in the US.[28]
See also
- Pharmaceutical industry in India
References
- Earnings Presentation - Q4 & Full Year FY24 BSE, Granules India Limited, retrieved 10 July 2024^
- Granules India posts Q4 FY25 PAT at Rs. 152 Cr Indian Pharma Post, retrieved 28 May 2025^
- Granules India gets USFDA tentative nod for generic ADHD treatment tablets The Economic Times, 2024, retrieved 27 March 2026^
- Granules India signs deal with Matchland Pty Ltd^
- Granules India Moneycontrol.com, 10 May 2007, retrieved 10 December 2009^
- Deepika Amirapu. Granules India to augment APIs production, expand market share of best sellers The Economic Times, 2011-08-26, retrieved 2026-02-20^
- The Hindu. Granules unit in Hyderabad, one of the largest globally for paracetamol API, under U.S. FDA scanner The Hindu, 2025-06-20, retrieved 2026-01-29^
- Viswanath Pilla. How Granules India transformed itself from a company making commodity APIs into one making formulations August 27, 2020^
- Transforming Healthcare through Innovation and Sustainability granulesindia.com^
- Deepika Amirapu. Granules India to augment APIs production, expand market share of best sellers The Economic Times, 2011-08-26, retrieved 2026-01-29^
- Granules India expansion to make it among largest single-site PFI The Times of India, 2012-07-09, retrieved 2026-01-29^
- Granules IFC, retrieved 2026-01-29^
- Granules India gets USFDA approval for two facilities The Economic Times, 2007-05-14, retrieved 2026-01-29^
- Granules unit gets USFDA nod for generic drug The Economic Times, 2025-12-22, retrieved 2026-01-29^
- BS Reporter. Granules acquires exclusive product rights from US pharma company retrieved 2026-01-29^
- N. Ravi Kumar. Granules Life Sciences secures first U.S. FDA approval The Hindu, 2025-11-11, retrieved 2026-01-29^
- Granules India agrees to acquire Auctus Pharma The Economic Times, 2013-11-04, retrieved 2026-01-29^
- Granules India to buy Auctus Pharma for Rs 120 crore BusinessLine, 2013-11-04, retrieved 2026-01-29^
- Granules India to invest ₹220 crore in US subsidiary BusinessLine, 2017-05-25, retrieved 2026-01-29^
- THE HANS INDIA. Granules signs pact with US firm www.thehansindia.com, 2016-01-22, retrieved 2026-01-29^
- Capital Market. Granules India rises after Vizag facility gets EIR from USFDA retrieved 2026-01-29^
- [www.ETPharma.com](www.ETPharma.com). Granules gears for portfolio boost with in-house candidates, eyes Big Ticket rollouts from FY28 ETPharma.com, retrieved 2026-01-29^
- Special The Hindu. Granules India to invest ₹800 cr. in expansion The Hindu, 2021-02-08, retrieved 2026-01-29^
- Livemint. Granules ties up with Greenko ZeroC for green molecule solutions mint, 2023-01-03, retrieved 2026-01-29^
- Granules Life Sciences new plant in Hyd gets USFDA nod The Times of India, 2025-11-11, retrieved 2026-01-29^
- Granules acquires Swiss firm for Rs 192 cr; forays into CDMO space The Economic Times, 2025-02-21, retrieved 2026-01-29^
- Snehal Mergu. Can Granules India leverage its strong product pipeline to offset recent profit declines? The Economic Times, 2025-08-22, retrieved 2026-02-20^
- Granules India sets up 2 advanced R&D CoEs at IITH The Times of India, 2025-12-02, retrieved 2026-02-20^