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Hester Biosciences

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Hester Biosciences is one of the largest manufacturers of animal vaccinations in India It is publicly traded (ticker symbol BOM:524669)

Ahmedabad, IndiaFounded 1995Biotech & Life Sciences
Valuation $100–500M Latest valuation · 2026
Revenue $10–50M Latest reported FY
EBITDA $14M Latest reported FY
Headcount 500–1k Current team size
Total funding $0–10M Disclosed equity funding

About Hester Biosciences

Hester Biosciences Limited operates as a specialized animal healthcare company, positioning itself as the second-largest poultry vaccine manufacturer in India. The company was founded in 1987 by Rajiv Gandhi, a first-generation entrepreneur who transformed a small proprietary trading business into a significant player in the animal biologicals market. Starting with the distribution of animal health products in 1985, Mr. Gandhi led the company to release its first vaccine in 1997 and has since expanded it into Asia's largest single-location animal biological manufacturing facility.

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The company's business is structured across four primary verticals: Poultry Vaccines, Large Animal Vaccines, Poultry Health Products, and Animal Health Products. This diversified portfolio allows Hester to serve a broad client base, from smallholder farmers to large-scale poultry and livestock operations. Its revenue model is based on the manufacturing and sale of a wide range of products, including over 50 vaccines and more than 70 health products. Beyond products, Hester provides ancillary services like seroprofiling for poultry flocks and mastitis control programs for cattle, creating end-to-end solutions for its customers. The company has a significant market presence, holding approximately a 30-35% share of the Indian poultry vaccine market and a dominant 70% share in the domestic Goat Pox vaccine market.

Headquartered in Ahmedabad, India, Hester has expanded its operational footprint globally, with a strategic presence in over 30 countries and key markets in India, Nepal, and Tanzania. This international expansion includes manufacturing plants in Nepal, established as a joint venture with the Golchha Organisation, and a wholly-owned subsidiary in Tanzania, Hester Biosciences Africa Limited. The facility in Tanzania, partially funded by the Bill and Melinda Gates Foundation, aims to bridge the supply gap for animal vaccines across the African continent by developing vaccines specific to local diseases. The company has also established partnerships with organizations like GALVmed and has recently entered the Egyptian market through a collaboration with Novapharma.

Source: Dealroom company data

At a glance

Founded
1995
Headquarters
Ahmedabad, India
Listing
IPO 2015
Sector
Biotech & Life Sciences
Power Law
Colt$25–100M revenue

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Investors

1 investor on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • BIRAC
Team profiled 6 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇮🇳 India · Ahmedabad HQ
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Web traffic by country
6.9K monthly visits
across markets
🇮🇳 India44.9%
🇺🇸 United States2.9%
Top 2 markets shown

Market sentiment

Posts on X, past 7 days

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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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