Veeda Clinical Research Private Limited is a leading full-service clinical research organization (CRO) headquartered in Ahmedabad, India. Founded in 2004, Veeda has expanded rapidly over the past two decades to become one of the largest CROs in India. The company provides a comprehensive range of clinical trial services to biopharmaceutical companies across the globe. Veeda has extensive experience conducting clinical trials across a wide range of therapeutic areas including oncology, diabetes, cardiovascular diseases, central nervous system disorders, and more. With its extensive capabilities, expertise and reach across India, Veeda is considered one of the top CRO providers for conducting clinical trials in the country.
Ownership and Leadership
Veeda Clinical Research is a privately held company owned by the Patel family of Ahmedabad. The company was founded in 2004 by Dr. Ajay Tandon and Mr. Apurva Shah. Here are some key details on the founders and current ownership:
- Dr. Ajay Tandon – Co-founder and Managing Director
- Mr. Apurva Shah – Co-founder and CEO
- The Patel family of Ahmedabad has majority ownership of Veeda Clinical Research
- Other shareholders include private equity investors such as CX Partners and Bay Capital
Dr. Ajay Tandon and Mr. Apurva Shah have provided visionary leadership as founders and continue to lead Veeda’s growth and expansion strategy. They have built a strong leadership team to manage operations and growth.
Growth and Expansion
Under its founder-leadership, Veeda has achieved remarkable growth over the past 15+ years:
- Conducted over 650 clinical trials across therapeutic areas
- Worked with over 250 biopharma clients globally
- Expanded to over 20 cities across India
- Employs over 800 clinical research professionals
- Expanded service portfolio to cover full spectrum of clinical trial services including trial monitoring, data management, pharmacovigilance, medical writing, consulting etc.
Some key milestones in Veeda’s growth journey:
| Year | Key Milestone |
|---|---|
| 2004 | Founded in Ahmedabad, India |
| 2009 | Opened first international office in New Jersey, USA |
| 2011 | Crossed 100 employees |
| 2015 | Private equity investment by CX Partners |
| 2017 | Expanded to 500 employees |
| 2019 | Private equity investment by Bay Capital |
| 2020 | Crossed 650 clinical trials conducted |
Services and Therapeutic Expertise
Veeda Clinical Research provides end-to-end clinical trial services spanning:
- Clinical trial consulting
- Regulatory services
- Project management
- Medical and scientific support
- Clinical monitoring
- Data management
- Statistical analysis
- Safety and pharmacovigilance
- Medical writing
- Quality and compliance auditing
- Bioanalytical services
The company has particular expertise in conducting clinical trials in the following therapeutic areas:
- Oncology
- Diabetes
- Vaccines
- Central nervous system
- Cardiovascular
- Infectious diseases
- Dermatology
- Ophthalmology
- Respiratory disorders
Veeda operates dedicated clinical pharmacology units in Ahmedabad and Hyderabad to support clinical trials across phases I-IV.
Global Clientele and Partnerships
Veeda works with over 250 biopharma clients globally including:
- 9 out of the top 10 global biopharma companies
- Leading biotech companies
- Emerging and virtual biopharma firms
Some of the key global clients include:
- Pfizer
- Sanofi
- Novartis
- Merck
- GSK
- Gilead
- Takeda
- Boehringer Ingelheim
Veeda has also partnered with leading hospitals, academic research centers and investigator sites across India to access patients and conduct clinical trials. Some partnerships include:
- Tata Memorial Centre
- All India Institute of Medical Sciences (AIIMS)
- Postgraduate Institute of Medical Education and Research (PGIMER)
- Nizam’s Institute of Medical Sciences
- KG Hospital
- Ruby Hall Clinic
Global Recognition
Veeda Clinical Research has earned global recognition and many awards that endorse its operational excellence, quality clinical research services and growth:
- Recognized in Global CRO rankings by Industry Standard Research (ISR) Reports
- Frost & Sullivan CRO Market Leadership Award
- VCCircle Healthcare Awards
- Ernst & Young Entrepreneur of the Year Award
- Deloitte Fast 50 India & Fast 500 Asia Awards
Conclusion
In summary, Veeda Clinical Research is a leading India-based CRO that has achieved remarkable growth under the leadership of its founders Dr. Ajay Tandon and Mr. Apurva Shah. The Patel family of Ahmedabad holds majority ownership of the company which was founded in 2004. Through organic growth and private equity investments, Veeda has expanded to become one of the largest CROs in India conducting clinical trials across diverse therapeutic areas for global biopharma clients. With its extensive capabilities, expertise, global partnerships and quality focus, Veeda is well-positioned to continue its leadership in the CRO industry in India.