La Renon zooms to top 50 pharma cos list in India in less than a decade

The Ahmedabad-based Sequoia-backed pharma company has been clocking a CAGR of 70%

Ahmedabad-based pharma company La Renon Healthcare that started its journey in 2008 with funds bootstrapped by founder Pankaj Singh who had just quit his job with a listed pharma company, has managed to make it to the top 50 in the Indian pharmaceutical market (IPM) in less than a decade. 

Growing at a compounded annual growth rate of 70 per cent La Renon ranked 43 in the IPM in terms of moving annual turnover (MAT) in January 2017. 

In fact, in terms of monthly turnover, it ranked 40 in the IPM as per data from the AIOCD-AWACS, the