Are you seeking to enhance your wellness and health by partnering with leading companies in India then you’re in the right place. We’ve curated a list of top 10 wellness companies that are making waves across the nation, transforming lives through their innovative products and services. These powerhouses have been carefully chosen based on their reputation, customer reviews, scope of services, and commitment towards fostering healthy lifestyles.
Wellness isn’t just about being free from illness; it’s a dynamic process of change and growth encompassing physical, mental, and social well-being. That’s why these companies offer a holistic approach to health – from nutrition supplements to fitness programmes, stress management solutions to beauty treatments.
From small start-ups making big impressions to established corporations leading the way in innovation – these wellness companies reflect the diversity and dynamism of India’s health scene. Let’s dive into this vibrant ecosystem together; you’ll discover some fantastic names that could propel your journey towards better health!
Wellness Industry in India
- The Indian wellness market was valued at nearly 78 billion USD in 2020. This growth is paralleled in other sectors too, such as the textile and ceramic tiles industries, showcasing India’s diverse industrial strength.
- India ranked 12th among the top twenty markets for wellness.
- The health and wellness market in India is expected to exhibit a CAGR of 5.55% during 2023-2028.
- Out of the $5 trillion wellness market, India will contribute around 3-4% by 2025.
- The wellness tourism market in India is estimated to register a CAGR greater than 5% in the forecast period.
- An average Indian millennial spends INR 4,000 per month on fitness and wellness.
Top wellness Companies in India
- Pazcare
- HealthifyMe
- NanoHealth
- Infinite Health Studios
- TheFullerLife
- Physiocell
- Vantage Fit
- Trijog
- Indus Health Plus
- The Yoga Guru
While focusing on wellness, it’s also essential to explore other thriving industries in India. From paper manufacturing to electric vehicle production, these sectors represent the dynamic nature of India’s economic landscape.
| Company | Revenue (2022) |
|---|---|
| Pazcare | $46.8 million |
| HealthifyMe | 1852.5 million |
| NanoHealth | $16.6 million |
| Infinite Health Studios | 7-8 crore INR |
| TheFullerLife | $12.4 million |
| Vantage Fit | $18.3 million |
| The Yoga Guru | – |
| Indus Health Plus | Between INR 1 crore to 100 crores |
| Trijog | Between INR 1 crore to 100 crores |
| Physiocell | – |
- Pazcare:
- Revenue (2022): $46.8 million
- HealthifyMe:
- Revenue (2022): INR 185.25 crore
- NanoHealth:
- Revenue (2022): $16.6 million
- Infinite Health Studios:
- Revenue (2022): 7-8 crore INR
- TheFullerLife:
- Revenue (2022): $12.4 million
- Vantage Fit:
- Revenue (2022): $18.3 million
- Indus Health Plus:
- Revenue (2022): Between INR 1 crore to 100 crores
- Trijog:
- Revenue (2022): Between INR 1 crore to 100 crores
1. Pazcare
When it comes to wellness companies making waves in India, Pazcare certainly fits the bill. With an impressive valuation of $46.8 million and total funding that reached a whopping $12 million across just 2 rounds, it’s hard not to take notice.
The company boasts a strong team of between 51-200 employees dedicated to providing top-notch services from their headquarters nestled in Bengaluru, Karnataka. It’s their cloud-based platform for employee benefits management, though, that truly sets them apart. Offering group health insurance, COVID-19 insurance and wellness benefits such as therapy sessions, online doctor consultations and health check-ups isn’t something you’ll find at every corner.
Pazcare has managed to attract some big-name clients too – with Mindtickle, Mamaearth, Levi’s, Cash Karo and Open Financial among those reaping the rewards of their services.
Their success hasn’t gone unnoticed either. In 2022 alone they raised a significant $8.2 million in Series A funding round which took their total funding up to the aforementioned $12 million figure. That same year saw them serve over 130k members from more than 500 companies on its platform – an achievement that was reflected by an outstanding 100% quarter-on-quarter growth.
Pazcare is looking ahead with plans to onboard over 2k companies in the forthcoming quarters. Founded back in 2020 by Sanchit Malik and Manish Mishra, this young company is showing no signs of slowing down any time soon.
In terms of market share Pazcare finds itself pitted against key competitors such as Onsurity, Plum and Loop Health; directly competing with conventional brokers like Plum and Noah Employee Benefits and Perks who also vie for dominance within this space.
There are also exciting developments happening behind-the-scenes at Pazcare; they’re working tirelessly on R&D efforts aimed at expanding their core product line. This will not only make things even more seamless for customers but also add even more value for them too. Plus there are plans underway to grow its presence beyond Bengaluru into other cities.
2. HealthifyMe
Let’s dive into the world of HealthifyMe, a digital health and fitness platform that makes achieving your wellness goals easier than ever. Founded in Bangalore, India, in 2012, this company now operates from its headquarters in Singapore.
Here’s a quick peek at their financials:
| Year | Revenue (INR Crore) | Net Loss (INR Crore) |
|---|---|---|
| FY21 | 86 | 19 |
| FY22 | 185 | 157 |
Yes, you’re seeing it right! They’ve made a gigantic leap in revenue from INR 86.05 crore to INR 185.25 crore within just one fiscal year – that’s over a 2X increase!
Well, as of now, they’re powered by approximately 1,813 employees worldwide.
Their main product is an intuitive mobile app with more than 35 million downloads. This app offers personalised diet plans and fitness coaching—everything tailored to your specific needs and goals. And if you’re looking for something extra special, there’s also HealthifyPro – a premium service launched recently in September 2022.
HealthifyMe caters primarily to individuals focused on enhancing their personal health and fitness levels. They also have strong ties with leading companies and healthcare partners throughout India.
Some facts:
- Over 35 million app downloads
- Rated as the top Health/Fitness app on Play Store by Google for three consecutive years
- Crossed $25 million annualized revenue run rate back in 2020
In terms of partnerships, they’ve joined forces with New Relic to improve health outcomes for billions. It’s an alliance that has enabled them to cut costs by around 10%, while simultaneously boosting performance by another 10%.
Founded by Tushar Vashisht, Matthew Cherian, and Sachin Shenoy back in the day – HealthifyMe has grown exponentially since its initial incubation days at Microsoft Accelerator- becoming one of Asia’s largest and fastest-growing healthcare apps today.
They’re continuously innovating too – launching home workouts through their platform “HealthifyMe Studio” and introducing doctor subscriptions as part of their service offering.
The company bagged the notable 2022 Activity Badge for exceptional fitness achievements! Not only that but they’ve also raised $30 million Pre-Series D funding round spearheaded by LeapFrog Investments & Khosla Ventures in June 2023.
Bollywood actress Sara Ali Khan is now officially onboard as their brand ambassador.
3. NanoHealth
Stepping into the arena of top wellness companies in India, you’ll find NanoHealth making some significant strides. This innovative company has been making its mark since its inception in 2014, focusing on managing chronic diseases within India’s urban slums and low-income communities.
When it comes to financial performance, NanoHealth reported an impressive total net revenue of $16.6 million with a gross profit of $9.7 million or 58% of the total revenue in Q3 2022.
Despite being a relatively young company, they’ve managed to build up an employee count ranging between 51-200 in India alone.
The main products offered by this Hyderabad-based wellness firm are pretty diverse:
- Clinical Lipo A
- SERRATIA
- IMMUNE POWER
- GENOVA SUPPORT
- EXTRA STRENGTH DIM (DIINDOLYMETHANE)
- CLINICAL STRENGTH SHARP MIND
- POWER ZINC 50mg
- CLINICAL B12 DROPS
These products are part of their mission to manage chronic diseases like diabetes, asthma and hypertension.
Being no stranger to acclaim, NanoHealth received the prestigious Hult Prize in 2014 – becoming the first Indian team ever to receive such recognition. They’ve also embarked on notable projects such as their partnership with the Government of Telangana for integrating community-based NCD management solutions via pilot projects.
While specific market share data isn’t readily available for NanoHealth, it’s worth noting that the healthcare nanotechnology (nanomedicine) market is projected to grow at a CAGR of 11.9% by 2027 – a sector which they’re actively contributing towards.
Another crucial aspect lies within their investment into research & development – totaling at $6.3 million during Q3 2022.
In summary, what sets NanoHealth apart is how it combines clinical expertise with technological innovation and social impact – truly embodying what it means to be a leading wellness company in today’s age.
4. Infinite Health Studios
Infinite Health Studios, counted among the top wellness firms in India, boasts a diverse repertoire of healthcare and wellness offerings. This company’s journey began in 2013, spearheaded by Rohit Dhingra, Ullas Narain, and Surendra Singh.
With its headquarters nestled in Delhi, India, Infinite Health Studios raked in quite an impressive revenue – between 7 to 8 crores INR. This financial success can be attributed to the dedicated team of professionals working behind the scenes. They employ between 11 to 50 employees across their Indian operations.
Their services are broad and encompassing – ranging from customised wellness programmes and physical exercises to carefully curated nutrition plans, with yoga and meditation sessions added for good measure.
| Revenue (INR) | Number of Employees |
|---|---|
| 7-8 Crores | Between 11-50 |
Their clientele spans various sectors like pharmaceuticals, insurance, InsurTech, government bodies, PSUs, development sector entities along with banks & FinTech companies as well as insurance brokers & TPAs.
A key milestone for Infinite Health Studios is their expansive coverage across India. They’ve carved out a presence that stretches over more than 5000 pin codes spanning over 40 cities, impacting around 45 lakh lives both at corporate premises and respective homes catering to retail and corporate clients.
Proving their commitment to providing top-notch health solutions further, they have partnered with leading laboratories such as Dr Lal PathLabs, SRL Diagnostics Ltd., Metropolis Healthcare Ltd., Neuberg Diagnostics Pvt Ltd., My Labs Pvt Ltd., DIVOC Laboratories Pvt Ltd., NM Medical Pvt Ltd., Max Healthcare Institute Limited; hospital chains like Apollo Hospitals Enterprise Limited; Fortis Healthcare Limited amongst others.
The co-founder of Infinite Health Studios himself — Mr Ullas Narain — plays a pivotal role in research and development efforts within the company. The continuous improvement of their offerings remains at the forefront of their mission.
5. TheFullerLife
Stepping onto the wellness stage is TheFullerLife. Boasting an estimated annual revenue of $12.4 million (approximately ₹89.4 crores), this company is certainly making its mark in India’s burgeoning wellness sector.
With a team of 76 dedicated employees, TheFullerLife offers a comprehensive range of online wellbeing services for organizations. Their approach covers all aspects of personal health and wellbeing, from physical to emotional, financial, and social elements.
| Revenue | Number of Employees | Main Services |
|---|---|---|
| $12.4 million | 76 | Online Wellbeing Services |
Among their clientele, you’ll find big names like Microsoft, KPMG, Accenture, and HP – a testament to the quality and effectiveness of their service offerings.
Operating out of Bangalore in Karnataka, they’ve extended their reach across India over the past two decades since being founded by Arvind Krishnan in 2001.
Though explicit figures on TheFullerLife’s market share within the Employee Wellness category are elusive, it’s evident they’re mixing it with some major players. Top competitors include Sprout holding a hefty 57.50% market share; Limeade with 14.19%; and LifeWorks coming in at 6.49%.
Despite fierce competition,The Fuller Life has carved out its own niche – serving over 100 companies during its tenure and establishing itself as an innovative leader in workplace wellness for over 21 years.
6. Physiocell
Physiocell Corporate Wellness Private Limited (PCWPL), based in Pune, Maharashtra, offers comprehensive in-house wellness solutions. They’ve been dedicated to delivering customised healthcare services to organisations across India since 2012.
It’s worth noting that financial data for PCWPL isn’t publicly available. However, the company’s authorised capital and paid-up capital both stand at ₹1.00 Lakh.
As a significant player in the corporate wellness space, Physiocell has built an impressive portfolio of work with more than 200 clients and over 5,000 successful projects under its belt.
Moreover, Physiocell boasts some tangible results from their efforts:
- A 47% rise in employee engagement
- A 63% improvement in physical activity
- A 19% reduction in medical costs
- An average of 9 lbs healthy weight loss per employee
These statistics speak volumes about the positive impact their services have on employees’ overall wellness within client companies.
In addition to its main operations, Physiocell is connected to Vigour360 School Wellness Private Limited through common directors Shweta Patidar and Varun Patidar. This relationship extends their influence into school wellness programmes as well.
7. Vantage Fit
Stepping into the wellness industry with a bang, Vantage Fit has carved out its niche as an AI-powered corporate wellness solution provider. Part of the Vantage Circle family, it’s made quite a stir in promoting healthier habits and lifestyles.
Let’s break down some key facts:
- Annual Revenue: An estimated $18.3 million in 2022
- Number of Employees: 220 employees in 2022
- Headquarters Location: New Delhi, India
The platform is no ordinary fitness tracker. It goes beyond counting steps and calories; it maps your outdoor workouts using GPS data and throws exciting challenges your way to keep you motivated.
Vantage Fit is not just limited to individuals; over 2 million employees from heavyweights like Infosys, WIPRO, Airtel, Bosch and Tata Communication are part of their user base.
Not one to rest on their laurels, they’ve forged successful partnerships with global wellness providers such as MantraCare and Acru. These relationships have allowed them to enhance their offerings further and deliver comprehensive solutions for clients’ wellness needs.
In 2023, they took things up a notch by teaming up with Breath Hub to create a mindful revolution – an initiative that’s garnered much attention.
Founded in 2014 under the parent company Vantage Circle – an employee engagement platform – Vantage Fit has consistently focused on enhancing its platform through research and development. The HR tech space recognises Vantage Fit globally as pioneers breaking new ground.
8. Trijog
Let’s delve into the world of wellness with Trijog, one of the top 3 organisations for mental health in India. Founded in 2014 by Arushi Sethi and co-founder Dr. Shefali Batra, Trijog started as a school project and has now blossomed into an organisation that is making waves in the field of mental health.
With its headquarters nestled in Mumbai, Maharashtra, this company offers holistic wellness services to individuals, corporates, and institutions across the globe. Your mental well-being matters and Trijog understands this sentiment wholeheartedly.
Their operating revenue for the financial year ending on 31 March 2022 was reported to be between INR 1 crore to 100 crores. Despite having fewer than 25 employees, they’ve managed to achieve significant milestones.
| Revenue (INR) | Number of Employees |
|---|---|
| 1 crore – 100 crores | Less than 25 |
They’ve got quite a list of big-name corporate clients under their belt. Unilever, WeWork, TATA are just some names from their extensive portfolio which also includes OML, Soho House, Euro School plus Oberoi International School among others. They have not only catered to over 33,500 individuals but also partnered with more than 23 corporates.
They’ve witnessed a staggering 10x revenue growth in six years and impacted more than 7 million lives worldwide.
Trijog believes in forming valuable partnerships. They’ve collaborated with psychologists and mental health experts from around the world to catalogue various solutions tailored specifically for different age groups – children through adults alike get benefited from their expertise.
Overall it’s clear that Trijog isn’t just any wellness company; they’re committed to fostering mental well-being at every level – personal or professional.
9. Indus Health Plus
Let’s delve into Indus Health Plus, a significant player in India’s wellness landscape. Established on August 4, 1995, this Pune-based company has since made a substantial impact in the healthcare industry, particularly in the realm of preventive medical checkups and health awareness initiatives.
With operating revenue ranging between INR 1 crore to 100 crores for the fiscal year ending March 31, 2022, it’s clear that Indus Health Plus is a force to be reckoned with. The company employs around 323 people nationwide.
Here’s an overview of their major services:
- Full body checkup
- Master health checkup
- Essential heart checkup
- Fitness checkup package
- Family checkup
- Adolescent checkup
Beyond these offerings, they’ve successfully launched innovative products such as DNAwise Wellness and Lab Home Collection Packages. They also demonstrated their adaptability during the pandemic by introducing Covid-specific packages (RTPCR, Antigen, Antibody), COVIDNAwise and even their own sanitiser product – Indus Hand Sanitizer.
Indus Health Plus has experienced significant growth over its two decades in operation. Today you’ll find them across 78 cities spanning 17 states, with a total of 122 centres under their belt.
This expansion hasn’t gone unnoticed either; they’ve been honoured with five leadership awards within the Health & Wellness category. This recognition clearly reflects their commitment towards achieving excellence in delivering quality healthcare services across India.
In terms of partnerships, they entered a promising alliance with Evercare Group back in 2023. This exclusive agreement extends care to beneficiaries of Indus Health Plus at all Evercare facilities for an entire year.
As you can witness from these details above, Indus Health Plus has truly established itself as one of India’s top wellness companies.
10. The Yoga Guru
Breathing life into the world of wellness, The Yoga Guru hails from Noida, Uttar Pradesh. Founded in 2007, they’ve been spreading the art and science of yoga across the globe for over a decade now. A company that started with a handful of passionate yogis has grown dramatically to house between 11 to 50 dedicated employees.
What sets The Yoga Guru apart from other wellness companies is their diverse range of offerings. They provide an extensive selection of programs designed to meet your unique needs:
- Power Yoga
- Corporate Yoga
- Yoga at Home
- Dynamic Meditation
- Pregnancy Yoga
- Kids’ Yoga
Not only do they offer these classes for individuals or groups, but The Yoga Guru also takes it one step further by providing training for aspiring yoga teachers.
Their headquarters may be nestled at 101 W Rodney French Blvd, New Bedford, Massachusetts in the United States. They have established studios all across India and beyond.
It’s clear that The Yoga Guru is not just a brand but a lifestyle choice that encourages holistic health and well-being through its wide array of services. Their commitment to delivering high-quality yoga experiences is palpable and appreciated by many who have chosen them as their go-to wellness companion.
The next time you’re in need of some mental clarity or physical strength – remember The Yoga Guru. With their guidance, you’ll find yourself on a journey towards healthier living filled with tranquillity and balance.
Conclusion on Wellness Companies in India
Looking back at our journey through the top ten wellness companies in India, you’ll agree it’s been quite enlightening. These companies have shown exceptional commitment to enhancing overall health and well-being, contributing significantly to the wellness industry.
Remember that investing in your wellbeing isn’t just about immediate benefits but long-term health too. In addition to wellness, India’s prowess in various sectors like footwear and jewellery manufacturing continues to make a global impact. So go ahead, explore these companies’ offerings and see how they can help enhance your life!
At the end of the day, we hope that this guide has equipped you with valuable insights into India’s thriving wellness industry. Here’s to finding what works best for your personal journey towards optimal health!
