Due to COVID-19 pandemic, Healthcare facilities and medicines have become need of the hour. India, the second-largest populated country, is also growing the number of diseases along with while India's pharma sector is also growing and changing lives. According to Ministry of Chemicals and Fertilizers, turnover pharmaceutical companies in India was US$ 18.12 billion in 2018 and US$ 19.14 billion in fiscal year 2019.
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 excepted to be worth USD 33.18 billion and will reach 9th position in the global pharma market by 2023. SO, here is the list of the top pharmaceutical companies in India which is ruling India's pharma sector.
Before proceeding, you should have a look at our list of top Healthtech and pharmaceutical startups in India.
Top Pharmaceutical Companies in India
Sun Pharmaceutical Industries
Sun Pharmaceutical Industries' revenue was INR 273.28 billion in FY 2018. It is a leading multinational pharmaceutical company which is a largest drug companies in India. It was established in 1983 and the company was founded by Mr.Dilip Shagivi. The company started offering products to treat psychiatric ailments, turning the company now offering formulations in various therapeutic, gastroenterology and diabetology.
Now, Sun Pharmaceutical Industries is the largest pharmaceutical companies in India based on overall revenue. It is the fourth largest global speciality 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. Its subsidiaries including Ranbaxy laboratories, Sun Petrochemical Pvt Ltd, Sun Opthalmics Inc, Alkaloids Chemical company Zrt, Chattem Chemicals Inc. It sells affordable medicines in over 150 countries across 6 continents.
Divi’s Laboratories Limited is an Indian multinational pharmaceutical company based in Hyderabad, Telangana, India. Divi's Laboratories is founded in 1990. Divi's Laboratories Ltd manufactures active pharmaceutical ingredients (APIs) and intermediates. This pharmaceutical company in India is engaged in manufacture of leading generic compounds Nutraceutical ingredients and custom synthesis of APIs and intermediates for global innovator companies. Divi’s Laboratories is one of the largest API companies in the world, with ~$730M in revenue and exporting to more than 95 countries.
Dr. Reddy's Laboratories
Dr. Reddy's Laboratories was founded by Anji Reddy in 1984. It is an Indian multinational pharmaceutical company. It is known for manufacturers of a wide range of pharmaceuticals in India and overseas. They have over 190 medications,60 active pharmaceutical ingredients for drug manufactures, diagnostics kits, critical care, and biotechnology products. It is India's fifth-largest company of pharmaceuticals and has the revenue of INR 144.36 billion. Its notable products include Canagliflozin. Ramipril, Ibuprofen, Naproxen, Atorvastatin, Nizatidine, Naproxen Sodium, etc.
Cipla is an Indian multinational pharmaceutical and biotechnology company, which has its headquarters in Mumbai and is established in 1935 by Khwaja Abdul Hamied. 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 a depression, etc including more diseases.
Cipla has a revenue of $US 3.5 billion and has more than 22,036 employees. The subsidiaries are Invagen Pharmaceuticals. They are the largest manufacturer of antiretroviral drugs.
Lupin has a revenue of INR 159.55 billion and was established in 1986. It is a multi-national pharmaceutical company based in Mumbai, Maharastra and is the 12th-largest company by market capitalization. The company deals with medicines in the field of paediatrics, cardiovascular, anti-infectives, diabetology, asthma, and anti-tuberculosis. The founder of the company is Desh Bandhu Gupta.
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 subsidiaries are Lupin Pharmaceutical, Inc, Kyowa Pharmaceutical Industry Co.Ltd, etc.
Cadila Healthcare Limited
Cadila Healthcare Limited was founded in 1952. It is an Indian pharmaceutical company headquartered at Ahemdabad in Gujrat. It is one of the largest pharma companies in India and has revenue of INR 119.05 Billion. It is basically the manufacturer of generic drugs and was founded by Ramabhai Patel.
Cadila Healthcare Limited is also known as the manufacturer of diagnostics, herbal products, skin care products, and other OTC products. The company also produces the generics for hepatitis C treatment, based on the voluntary license agreement with Gilead. The company makes API at three sites in India, Ankleshwar plants, Vadodara plant, and Patalganga.
Aurobindo Pharma Limited
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 INR 164.99 Billion. Aurobindo Pharma Limited deals with medicines in the field of neurosciences, cardiovascular,anti-retrovirals, anti-diabetics, gastroenterology, and cephalosporins, etc.
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Intas Pharmaceuticals Limited
Intas Pharmaceuticals Limited was founded in 1984 and has a revenue of INR 108.86 billion. It has 13 commercialized biosimilars including Docetaxel and Paclitaxel. This pharma company in India has its R&d development in the field of chronic disease of oncology (cancer), rheumatology, auto-immune, nephrology, ophthalmology, and plasma-derived product based therapies.
This pharmaceutical company has it's headquarters in Ahemdabad 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 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 INR 91.86 Billion. The company also focused on new drugs biosimilars and the fields of cancer, dermatology, and respiratory diseases, by collaborating with major pharma companies.
ManKind Pharma Limited
ManKind Pharma Limited is the pharma company in India and has its headquarters in New Delhi. It was founded in 1995. It is dealing with a wide range of products including Antibiotic, Antifungal, NSAIDs, Gastrointestinal, Anthelmintic, Cardiovascular, Dermal, Erectile Dysfunction, and several other categories. The company has a revenue of INR 52.00 Billion and is the 10th Indian largest pharma company.
Piramal Enterprises Limited
Piramal Enterprises Limited is one of the very popular companies for Pharmaceuticals in India. It was founded in 1988 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 deals with pharma, critical care, consumer products, phytomedicine, and imaging. Piramal Enterprises Limited is the 12th largest company in India, based on total revenue and has a value of INR 43.22 billion.
Novartis is multinational pharama company which is based in Switzerland. Novartis globally is focused on three divisions with global scale and innovation power – pharmaceuticals, eye care and generic medicines. In India, the Pharmaceutical business of Novartis India Limited is focused on Bone & Pain, Calcium portfolio, Gynecology and Neurosciences and the Generics business is focused on Gynecology, Anti-TB and Anti-infectives.
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So, this was a 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.