Rubicon Research Limited

Listed on the NSE and BSE since October 2025, founded in 1999 by Pratibha Pilgaonkar, Sudhir Pilgaonkar and Maharukh Rustomjee. It runs plants at Ambernath, for oral solids, and at Satara, for oral liquids and nasal products, acquired in 2021. It has a research centre at Concord, Ontario, and a regulatory office in New Jersey. It declares 72 approved products.