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Issue Date:24 September 2015     Price in Rs. R 6000    Price in USD. $ 100

Serum Institute of India was founded in 1966 by Dr. Cyrus Poonawalla with the aim of manufacturing life-saving immuno-biologicals. The limited company was established in 1984.

Serum Institute of India Limited is India’s largest vaccine business. It is also now the world's largest vaccine manufacturer by number of doses produced and sold globally (more than 1.3 billion doses).

Serum Institute’s financial performance is exemplary by any standard. If listed, the company could have commanded a market cap amongst top 3 or 4 in India pharma space, perhaps behind only Sun Pharma, Lupin and Dr Reddy.

Its EBITDA margin is almost 60%, by far better than any other pharma company in India, maybe even globally.

  • Company Background
  • Business Highlights
  • Technology
  • Future Plans
  • Finacial Performance


  • Board of Directors
  • Financial Summary
  • Profit & Loss Account
  • Balance Sheet
  • Ratios


Serum Institute of India