The medicines are the need of the hour. With the increasing number of population among the country, which makes India the second-largest populated country, India is also growing the number of diseases along with. This requires an increase in the pharmaceutical industries and companies, and hence, India's pharma sector is growing and changing lives.
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. The pharma sector is the most growing sector in India where the government is investing money and firms are coming with more technology and more ways to cure more diseases. Hence, here is the list of the 10 top pharmaceutical companies of India which is ruling India's pharma sector.
Before proceeding, you should have a look at our list of top Healthtech 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 multinational company. 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 company 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.
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-largest 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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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.
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 the fourth largest pharma company in India based on overall revenue. It 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.
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.
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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.
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. It 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.
The 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. The 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 largest pharma company in India.
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.
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