About Us


Pharmaceutical formulations rely heavily on pharma polymers. Thus, the critical axion of Vikram Thermo remains to contribute to the most cost-effective and long-term preservation of human lives. Vikram Thermo has been in Ahmedabad for over 38 years and is committed to precision and quality. Under the skillful direction of Mr. Dhiraj Patel, the company stands by its uncompromising and unwavering quality of products. We intend to achieve and expand into new polymer pharma-based market territories without sacrificing the quality of our products. We believe in safety, reliability and sustainability, which drives our desire to stay loyal to our mission and earn the trust of stakeholders and customers.


Mr. Dhiraj Patel

Chairman and Managing Director

MD's Message

We, at Vikram Thermo (India) Ltd., are dedicated to fulfilling the promise of humanity's potential at its best. We will always be dedicated to helping people achieve their ideal health at every stage of life. This is how we consistently practise what we believe in. From a domestic company at inception, Vikram Thermo (Ind.) Ltd. has grown steadily to become a global, integrated, research-based pharmaceutical excipient manufacturing company. With a strong strategy for manufacturing, marketing and exporting pharmaceutical excipients and chemicals, we have emerged as an intellectually strong player in the global market.

Our Journey


Established DPO Manufacturing Company – Vikram Enterprise, to become the India’s FIRST DPO manufacturer



Formation of Vikram Aroma Pvt. Ltd. to expand DPO Manufacturing


Forging our way forward

Equity Shares IPO & Listing of Vikram Thermo India Limited


Excellence at every turn

  • Merger of Vikram Enterprise & Vikram Aroma with Vikram Thermo (India) Pvt. Ltd.
  • Started Manufacturing of DRUGCOAT – Methacrylate Copolymers

Creating dream quest

Commissioned cGMP-compliant new manufacturing facility


Futuristic Recognition

  • Obtained Certificate: ISO 9001
  • Become first Indian company to certified with EXCiPACT International GMP certificate
  • Forward Integration DRCOAT: Ready to Use Coatings

Ascended the throne

  • Become one of Asia’s largest manufacturers for Pharma coating polymers
  • Started Manufacturing of AQUAPOL thickening & gelling Agent

Launched another flagship product : APION  An Ion-exchange polymer



Our mission is to be recognised as a global integrated excipient manufacturer through Advancement, Reliability and Expertise and to become the industry’s leading excipient manufacturer by ensuring high-quality standards and cost effective products, always.



To maintain our social responsibility of providing high quality service to all sections of society without compromising our basic principles of honesty, ethics and commitment while being an internationally recognized polymer based excipient manufacturer by developing and introducing a diverse excipient portfolio.


We strive to have a positive social impact and to instil ethical behaviour in all of our company activities, markets, and value chain. This is accomplished by encouraging ethical, transparent, and inclusive policies and practises within our organisation as well as among all of our partners and suppliers. It is critical that we produce values that extends beyond the impact on medicines. Everything we do is centred on establishing trust by displaying integrity, openness and fair treatment.


Our Team

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Leaving the mark worldwide

We’ve steadily expanded our global presence to touch as many lives as possible. With such expansion, we aim to provide superior quality products to people irrespective of the geography.


Investor’s Relations

Vikram Thermo (India) Limited, founded in 1985, is a Public Limited company that develops, manufacturers and markets polymer-based Excipient & Aromatic Chemicals. Vikram Thermo’s research initiatives and specialty approach have propelled the company to the forefront of pharma polymers globally.

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Let’s explore opportunities

Our company revolves around giving maximum to the two pillars that lay the foundation for our business: People and Product. Through constant R&D and innovation, the company plans to build a better future without compromising the quality and safety to reach a higher level of excellence in healthcare facilities.

Let’s create opportunities together