Due to the COVID-19 pandemic, healthcare facilities and medicines have become the need of the hour. India, the second-largest populated country, have also seen numerous cases of Covid-19 and the number is still growing. India's pharma sector is also growing and changing lives by providing the necessary amenities. According to the Ministry of Chemicals and Fertilizers, the turnover of pharmaceutical companies in India was 18.12 billion USD in 2018 and 19.14 billion USD in the fiscal year 2019. The domestic drug market recorded sales worth 2.15 billion USD in April 2021. It has increased 51.5% compared to $1.42 billion in April 2020. The moving annual turnover is $20.88 billion as of April 2021, up from $19.64 billion in April 2020.

Generic drugs from top pharma companies account for 20% of global exports in terms of volume that makes India the largest provider of generic medicines globally. The Indian pharmaceutical market is expected to be worth 33.18 billion USD and will reach the 9th position in the global pharma market by 2023. Here, we have listed some of the top pharmaceutical companies in India, which are ruling India's pharma sector.

Top Pharmaceutical Companies of India

  1. Sun Pharmaceutical Industries
  2. Divi's Laboratories
  3. Dr. Reddy's Laboratories
  4. Cipla Limited
  5. Biocon Limited
  6. Torrent Pharma
  7. Lupin Limited
  8. Cadila Healthcare Limited
  9. Aurobindo Pharma Limited
  10. Intas Pharmaceuticals Limited
  11. Glenmark Pharma Limited
  12. Innovexia Life Sciences Pvt. Ltd.
  13. Biophar Lifesciences Pvt.Ltd.
  14. Mankind Pharma Limited
  15. Piramal Enterprises Limited
  16. Laurus Labs Ltd.
  17. Abbott India Ltd.
  18. Alkem Laboratories
  19. Alembic Pharmaceuticals

FAQs

Top Pharmaceutical Companies of India

Sun Pharmaceutical Industries

Founded: 1983
Owner: Dilip Shanghvi
Headquarter: Goregaon, Mumbai
Revenue: $4.7 billion (FY20)

Sun Pharmaceutical Industries' revenue was $4.7 billion in 2020. It is a leading multinational pharmaceutical company in India. Sun Pharma was established in the year 1983. It was founded by Mr. Dilip Shanghvi, who is also the MD of Sun Pharmaceuticals. The company started offering products to treat psychiatric ailments. Now, the company also offers formulations in various therapeutic, gastroenterology, and diabetology.

Sun Pharmaceutical Industries is the largest pharmaceutical company in India based on overall revenue. It is the fourth largest global specialty generic pharmaceutical company in the world. It also sells Carbamazepine, Etodolac, and Clorazepate as well as anti-cancer, steroids, peptides, sex hormones, and controlled substances. It's subsidiaries includes Ranbaxy Laboratories, Sun Petrochemical Pvt. Ltd, Sun Ophthalmic Inc, Alkaloida Chemical Company Zrt, Chattem Chemicals Inc. This pharmacy business sells affordable medicines in over 150 countries across 6 continents.


Dilip Shanghvi | Founder & MD of Sun Pharmaceuticals | Success story | Acquisitions |
Dilip Shanghvi founded Sun Pharmaceuticals and is one of the India’s richestbusinessmen. In 2016, he received the fourth-highest civilian award Padma Shri from the Government of India. He was ranked 8th in India Today’s 2017 list of India’s most powerful people in the world. Forbes listed him as …

Divi's Laboratories

Divi’s Laboratories | Top pharmaceutical company
Divi’s Laboratories | Top pharmaceutical company

Founded: 1990
Owner: Murali Divi
Headquarter: Hyderabad
Revenue: $780 million (FY20)

Divi’s Laboratories Limited is an Indian multinational pharmaceutical company based in Hyderabad, India. Divi's Laboratories was founded in 1990. Divi's Laboratories Ltd. manufactures active pharmaceutical ingredients (APIs) and intermediates. This pharmaceutical company in India is engaged in the manufacture of leading generic compounds, Nutraceutical ingredients, custom synthesis of APIs and intermediates for global innovator companies. Divi’s Laboratories is one of the largest API companies in the world, with $780 million revenue in 2020, and exporting to more than 95 countries.

Dr. Reddy's Laboratories

Founded: 1984
Owner: Dr. Kallam Anji Reddy
Headquarter: Hyderabad
Revenue: $2.4 billion (FY20)

Dr. Reddy's Laboratories was founded by Anji Reddy in 1984. It is an Indian multinational pharmaceutical company. It is known for manufacturing a wide range of pharmaceuticals in India and overseas. They have over 190 medications, 60 active pharmaceutical ingredients for drug manufacturers, diagnostics kits, critical care, and biotechnology products. It is India's fifth-largest company of pharmaceuticals and has a revenue of  US$2.4 billion in 2020. The notable products of Dr. Reddy's include Canagliflozin. Ramipril, Ibuprofen, Naproxen, Atorvastatin, Nizatidine, Naproxen Sodium, etc.

Cipla Limited

Founded: 1935
Owner: Yusuf Hamied
Headquarter: Mumbai
Revenue: $2.5 billion (FY20)

Cipla is an Indian multinational pharmaceutical and biotechnology company, which has it's headquarter in Mumbai and was established in 1935 by Khwaja Abdul Hamied. Yusuf Hamied is the Non-Executive chairman of Cipla. It is India's fourth-largest pharma company based on overall revenue. This pharmaceutical company in India focuses to develop medicines to treat respiratory, cardiovascular diseases, arthritis, diabetes, weight control, depression, and many more.

Cipla has a revenue of $2.5 billion in 2020 and has more than 22,036 employees. The subsidiaries of Cipla are Invagen Pharmaceuticals. They are the largest manufacturer of antiretroviral drugs.


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Biocon Limited

Founded: 1978
Owner: Kiran Mazumdar-Shaw
Headquarter: Bengaluru
Revenue:  $659.31 million (FY20)

Founded in the year 1978, Biocon is the most  popular pharmaceutical company in India. Biocon Limited manufactures generic active pharmaceuticals. The company is based out of Bengaluru. Products from Biocon Limited are sold around the world at very huge scale. More than 9000 people are employed at Biocon and company holds total assets valued over $824 million and revenue of $659.31 million (INR 4,885 crores) as of FY20.

Torrent Pharma

Founded: 1959
Owner: Sudhir Mehta
Headquarter: Ahmedabad
Revenue:  $1.1 billion (FY20)

Torrent is one of top pharmaceuticals companies in India. It is based in Ahmedabad and has a revenue of US$1.1 billion, as of 2020. Torrent has manufacturing plants at Dahej, Pithampur, Gujarat and Madhya Pradesh. Torrent Pharma makes medicinal drugs for Central Nervous System, gastrointestinal pain management, gastrointestinal diabetology, and anti-infective segments.


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Lupin Limited

Founded: 1968
Owner: Mrs. Manju D Gupta (W/o Desh Bandhu Gupta)
Headquarter: Mumbai
Revenue:  $2.2 billion (FY20)

Lupin is a multi-national pharmaceutical company based in Mumbai. Lupin was established in 1968 by Desh Bandhu Gupta. It is the 12th-largest company by market capitalization. Lupin has revenue of $2.2 billion in 2020. The company is involved in the manufacturing and selling of medicines ranging from pediatrics, cardiovascular, anti-infectives, diabetology, asthma, and anti-tuberculosis.

Lupin Limited has its major markets in the USA (Baltimore, Maryland), India Region Formulations, Europe, Japan, South Africa, Australia, Philippines, Mexico, and Latin America, etc. Some of the subsidiaries of Lupin Ltd. are Lupin Pharmaceutical Inc, Kyowa Pharmaceutical Industry Co. Ltd. and many more.

Cadila Healthcare Limited

Zydus Cadila
Zydus Cadila

Founded: 1952
Owner: Pankaj Patel
Headquarter: Ahmedabad
Revenue:  $2.1 billion (FY21)

Cadila Healthcare Limited was founded in 1952. It is also known as Zydus Cadila. It is an Indian pharmaceutical company headquartered in Ahmedabad. It is one of the largest pharma companies in India and has a revenue of US$2.1 billion in 2021. It was founded by Ramabhai Patel.

Cadila Healthcare Limited is also known for excellent diagnostics, along with being a manufacturer of herbal, skincare, and other OTC products. The company also produces the generics for hepatitis C treatment, based on the voluntary license agreement with Gilead. Cadila makes API at three sites in India that are Ankleshwar plant, Vadodara plant, and Patalganga.


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Aurobindo Pharma Limited

Aurobindo Pharma Limited
Aurobindo Pharma Limited 

Founded: 1986
Owner:  P. V. Ramaprasad Reddy and Mr. K. Nityananda Reddy
Headquarter: Hyderabad
Revenue:  $3.3 billion (FY20)

Aurobindo Pharma Limited was established in 1986. It sells over 300 products in over 125 countries and its key segment is APIS, as 35% of the total revenue is generated from API. It is the second-biggest pharmaceuticals company in India and has a revenue of US$3.3 billion in 2020. Aurobindo Pharma Limited is engaged in the manufacturing and selling of medicines in the field of neurosciences, cardiovascular, Antiretrovirals, anti-diabetics, gastroenterology, and cephalosporins, etc.

Intas Pharmaceuticals Limited

Intas Pharmaceuticals
Intas Pharmaceuticals

Founded: 1986
Owner:  Hasmukh Chudgar
Headquarter: Ahmedabad
Revenue:  $1.49 billion (FY20)

Intas Pharmaceuticals Limited, based in Ahmedabad was founded in 1984 and has a revenue of $1.49 billion as in 2020. It has 13 commercialized biosimilars including Docetaxel and Paclitaxel. This pharma company in India has its R&D department in the field of chronic disease of oncology (cancer), rheumatology, auto-immune, nephrology, ophthalmology, and plasma-derived product-based therapies.

This pharmaceutical company has its headquarters in Ahmedabad and is one of the leading biosimilar product manufacturers in Asia. Intas has 14 formulation manufacturing facilities, of which seven are located in India and the rest in the UK. and Mexico. It is the seventh-largest company in India, and the company saw an increase in revenue by 29.84% in 2017.

Glenmark Pharma Limited

Glenmark Pharma Limited
Glenmark Pharma Limited

Founded: 1977
Owner:  Glenn Saldanha
Headquarter: Mumbai
Revenue: $1.07 billion (FY21)

Glenmark Pharma Limited is a pharma company headquartered in Mumbai, India that was founded in 1977 by Gracias Saldanha. This pharmaceutical company has drug discovery that plays an important role in the field of therapeutic areas of dermatology, respiratory, and oncology. It is the eighth largest pharma company and has a revenue of $1.07 billion in 2021. The company also focused on new biosimilars drugs and in the fields of cancer, dermatology, and respiratory diseases, by collaborating with major pharma companies.

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Innovexia Life Sciences Pvt. Ltd.

Innovexia Life Sciences
Innovexia Life Sciences

Founded: 2011
Owner:  Sandeep Khajuria
Headquarter: Chandigarh

Innovexia Life Sciences Pvt. Ltd. is one of the best pharmaceutical companies in India. It is involved in the manufacturing as well as the trading of various antacid medications, anti allergic tablets, capsules, etc. It is also known as a top PCD Pharma Franchise company, who keeps investing and equipping with the state-of-art facilities for the high quality medicines.

Biophar Lifesciences Pvt. Ltd.

Biophar Lifesciences Pvt. Ltd.
Biophar Lifesciences Pvt. Ltd.

Founded: 2010
Owner:  Gulshan Rawat
Headquarter: Chandigarh

Biophar is one of the top pharmaceuticals companies based in Chandigarh that deals in the PCD Pharma Franchise Business and manufacturing. The quality and reasonably-priced formulations make the company one of the most reliable companies in India. Biophar has been expanding its client base by reaching each and every corner of the nation and adding more distributors. It is the constant endeavor that the company takes, which helps its business spread to other parts and create new networks.

Mankind Pharma Limited

Founded: 1995
Owner:   R. C. Juneja and Rajeev Juneja
Headquarter: New Delhi
Revenue:  $1.0 billion (FY20)

Mankind Pharma Limited is a pharma company in India that has its headquarters in New Delhi. It was founded in 1995 and helps in the production and sale of a wide range of products, including Antibiotics, Antifungals, NSAIDs, Gastrointestinal, Anthelmintic, Cardiovascular, Dermal, Erectile Dysfunction, and several other categories. The company has a revenue of approximately US$1 billion in 2020and is the 10th Indian largest pharma company.

Piramal Enterprises Limited

Piramal Enterprises Ltd.
Piramal Enterprises Ltd.

Founded: 1984
Owner: Ajay Piramal
Headquarter: Mumbai
Revenue: $392.83 million (FY21)

Piramal Enterprises Limited is one of the popular companies for Pharmaceuticals in India. It was founded in 1984 and was acquired by Ajay Piramal in the early 1980s. The global business conglomerate deals with healthcare, life sciences, drug discovery, healthcare, etc. The company further deals with pharma, critical care, consumer products, phytomedicine, and imaging. Piramal Enterprises Limited is the 12th largest company in India, based on total revenue of $68.08 million(2020).

Laurus Labs Ltd.

Founded: 2005

Owner: Dr. Satyanarayana Chava

Headquarter: Hyderabad

Revenue:  $649.48 million (INR 4796.04 crores) March 2021

A leading research and development-driven Indian pharma and biotech company, Laurus Labs is headquartered in Hyderabad and has its manufacturing plants located at Visakhapatnam, Hyderabad, and Bangalore. The company mainly focuses on active pharma ingredients, finished dosage forms, synthesis, and biotechnology. Laurus Labs leads in generic active pharmaceutical ingredients ('APIs') certain high-growth therapeutic areas of anti-retrovirals ('ARVs'), Hepatitis C, and Oncology.

Laurus Labs is a 4000 employees strong organization all of whom are always looking out to expand the horizons of Chemistry to develop new cures and new methods to cure people along with counting a considerable profit. The employees of Laurus Labs Ltd. include pharmaceutical and biotechnology industry veterans, research scientists, manufacturing and management professionals, and more.

Abbott India Ltd.

Founded: 1944

Owner: Abbott Laboratories

Headquarter: Mumbai

Revenue:  $594.62 million (INR 4390.92 crores) March 2021

Founded in 1944, Abbott is a subsidiary of Abbott Laboratories of USA, established back in 1910 and always dedicated to helping people live healthier lives. Abbott India is responsible for manufacturing a diverse range of nutritional products, diagnostic tools, branded generic pharmaceuticals, diabetes, vascular devices, and more.

Abbott’s products can be categorized into a wide range of therapeutic categories like women's health, gastroenterology, cardiology, metabolic disorders, and primary care.

Headquartered in Mumbai, Abbott is one of the oldest pharmaceutical companies in India and among the largest MNC pharma companies.

Alkem Laboratories

Founded: 1973

Owner: Samprada Singh

Headquarter: Mumbai

Revenue:  $1 billion (INR 7409.69 crores) March 2021

Alkem or Alkem Laboratories Ltd. is one of the Indian multinational pharma companies from Mumbai that produces and sells pharmaceutical generics, formulations, nutraceuticals in India and around the world.

Alkem Laboratories has successfully set up 21 manufacturing plants, as of September 2021, out of which 19 plants are in India and 2 of the Alkem’s plants are in the US. Alkem boasts of around 5 decades worth of popularity. Taxim from Alkem emerged as the first anti-infective drug to cross the 1,000 million mark of domestic sales in 2006.

Alembic Pharmaceuticals

Founded: 1907

Owner: Chirayu Amin

Headquarter: Vadodara

Revenue:  $685.39 million (INR 5,061.17 crores) March 2021

Alembic Pharmaceuticals was founded in 1907 in Vadodara, Gujarat. The company is involved in manufacturing pharmaceutical products, pharmaceutical substances, and intermediaries and has set up its manufacturing plants in Panelav, Karakhadi, in Gujarat, and Sikkim in India.

The company initially started as Alembic Chemical Works in 1907, when the company began manufacturing tincture and alcohol in its unit at Vadodara. With its name in the Forbes’ 2016 list of ‘India’s Super 50 Companies 2016’, Alembic Pharmaceuticals is one of the most popular pharmaceutical brands in India.

These were the list of medical companies in India. Hope this list will help you in having business idea which you can start with. Comment below which pharmaceutical company you think is doing the best in the field of  life sciences. Share this post with your friends.

FAQs

What are the top 19 pharmaceuticals in India?

  • Sun Pharmaceutical Industries
  • Divi's Laboratories
  • Dr. Reddy's Laboratories
  • Cipla Limited
  • Biocon Limited
  • Torrent Pharma
  • Lupin Limited
  • Cadila Healthcare Limited
  • Aurobindo Pharma Limited
  • Intas Pharmaceuticals Limited
  • Glenmark Pharma Limited
  • Innovexia Life Sciences Pvt. Ltd.
  • Biophar Lifesciences Pvt.Ltd.
  • Mankind Pharma Limited
  • Piramal Enterprises Limited
  • Laurus Labs Ltd.
  • Abbott India Ltd.
  • Alkem Laboratories
  • Alembic Pharmaceuticals

Which is the No 1 pharma company in India?

Based on revenue, Sun Pharmaceutical Industries Ltd. is the largest pharma company in India.

Who is the owner of Sun Pharma?

Dilip Shanghvi is the owner of Sun Pharmaceutical Industries Ltd.

What is the turnover of pharmaceutical companies in India?

The annual turnover of pharmaceutical companies in India is $20.88 billion as of April 2021.

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