Top 20 Pharmaceutical Companies in India

Ashwini Ashwini Anik Banerjee Anik Banerjee
May 1, 2023 16 min read
Top 20 Pharmaceutical Companies in India

India's pharmaceutical industry has come a long way since its early days of producing generic drugs for the world. Today, the country is home to some of the largest and most innovative pharmaceutical companies in the world.

According to the Indian Economic Survey 2021, the domestic market is expected to grow 3x in the next decade. India’s domestic pharmaceutical market stood at US$ 42 billion in 2021 and is likely to reach US$ 65 billion by 2024 and further expand to reach US$ 120-130 billion by 2030.

Indian drug & pharmaceutical exports stood at US$ 24.60 billion in FY22 and US$ 24.44 billion in FY21. Indian drug & pharmaceutical exports stood at US$ 2,196.32 million in September 2022.

In this article, we will explore the Top 20 Pharmaceutical Companies in India and their contributions to the industry.

Company Name Founding Year Founder Headquarters Valuation Revenue 2022 (Consolidated) Revenue (Standalone) Acquisitions IPO Status
Sun Pharmaceutical Industries 1983 Dilip Shanghvi Goregaon, Mumbai $26.2 Billion $4.95 Billion $2.07 Billion 12 Public
Divi's Laboratories 1990 Murali Divi Hyderabad $12.6 Billion $1.13 Billion $1.1 Billion 0 Public
Dr. Reddy's Laboratories 1984 Dr. Kallam Anji Reddy Hyderabad $9.1 Billion $2.7 Billion $1.8 Billion 6 Public
Cipla Limited 1935 Khwaja Abdul Hamied Mumbai $9.8 Billion $2.7 Billion $1.7 Billion 6 Public
Emcure Pharmaceuticals 1983 Satish Ramanlal Mehta Pune $0.63 Billion $762.8 Million - 4 Registered
Biocon Limited 1978 Kiran Mazumdar-Shaw Bengaluru $4.9 BIllion $1.05 Billion $241 Million 1 Public
Torrent Pharma 1959 U. N. Mehta Ahmedabad $6.2 Billion $1.09 Billion $869.9 Million 5 Public
Lupin Limited 1968 Desh Bandhu Gupta Mumbai $3.6 Billion $2.07 Billion $1.4 Billion 9 Public
Zydus Lifesciences Limited (formerly Cadila Healthcare) 1952 Ramanbhai Patel Ahmedabad $4.4 Billion $1.9 Billion $1.02 Billion 4 Public
Aurobindo Pharma Limited 1986 P. V. Ramaprasad Reddy and K. Nityananda Reddy Hyderabad $4.04 Billion $2.9 Billion $1.4 Billion 7 Public
Intas Pharmaceuticals Limited 1976 Hasmukh Chudgar Ahmedabad $4.3 Billion $2.2 Billion - 2 Private
Glenmark Pharma Limited 1977 Gracias Saldanha Mumbai $1.3 Billion $1.5 Billion $1.09 Billion 4 Public
Mankind Pharma Limited 1995 R. C. Juneja and Rajeev Juneja New Delhi $1 Billion - 1 Private
Piramal Enterprises Limited 1984 Ajay Piramal Mumbai $5.5 Billion $1.8 Billion $337.3 Million 7 Public
Laurus Labs Ltd. 2005 Dr. Satyanarayana Chava Hyderabad $3.4 Billion $619.8 Million $591.1 Million 1 Public
Abbott India Ltd. 1944 Dr Wallace Calvin Abbott Mumbai $5.3 Billion - $625.7 Million 1 Public
Alkem Laboratories 1973 Samprada Singh Mumbai $4.7 Billion $1.3 Billion $1.1 Billion 3 Public
Alembic Pharmaceuticals 1907 Prof. T. K. Gajjar, Prof. A. S. Kotibhasker, B. D. Amin Vadodara $1.7 Billion $670.8 Million $632 Million 2 Public
Innovexia Life Sciences Pvt. Ltd. 2011 Sandeep Khajuria Chandigarh - $14.3 Million - - Private
Biophar Lifesciences Pvt. Ltd. 2010 Gulshan Rawat Chandigarh - - - - Private

Top 20 Pharmaceutical Companies of India

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

1. Sun Pharmaceutical Industries

Company Name Sun Pharmaceutical Industries
Founded 1983
Owner Dilip Shanghvi
Headquarters Goregaon, Mumbai
Revenue $5.0 billion (2022)
Sun Pharmaceutical Industries - Top pharma company in india
Sun Pharma

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. Sun Pharmaceutical Industries' revenue was $5.0 billion in 2022. 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. Its subsidiaries include 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 …

2. Divi's Laboratories

Company Name Divi's Laboratories
Founded 1990
Owner Murali Divi
Headquarters Hyderabad
Revenue $1.1 billion (2022)
Divi’s Laboratories - top 20 pharma companies in india
Divi’s Laboratories 

Divi's Laboratories Limited is a noteworthy player among the top 20 pharma companies in India. This Indian multinational pharmaceutical company, headquartered in Hyderabad, has made a significant impact on the global pharmaceutical industry. 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 revenue $1.1 billion in 2022, and exporting to more than 95 countries.

3. Dr. Reddy's Laboratories

Company Name Dr. Reddy's Laboratories
Founded 1984
Owner Dr. Kallam Anji Reddy
Headquarters Hyderabad
Revenue $2.4 billion (2022)
Dr. Reddy's Laboratories - pharma company in india
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 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.

4. Cipla Limited

Company Name Cipla Limited
Founded 1935
Owner Yusuf Hamied
Headquarters Mumbai
Revenue $2.9 billion (2022)
Cipla - best pharma company in india

Cipla is an Indian multinational pharmaceutical and biotechnology company, which has its headquarters 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  $2.9 billion in 2022 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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5. Emcure Pharmaceuticals

Company Name Emcure Pharmaceuticals
Founded 1983
Owner Satish Ramanlal Mehta
Headquarters Pune
Revenue $730 million (2022)
Emcure Pharmaceuticals - indian pharma companies
Emcure Pharmaceuticals 

Emcure Pharmaceuticals is a Pune-based company, which was founded in 1983 by Satish Ramanlal Mehta. It was to address the vision of fulfilling the vast healthcare needs that Emcure Pharmaceuticals was born. Emcure Pharmaceuticals started as a single manufacturing facility in Pune and has witnessed healthy growth throughout the years, now boasting a range of world-class manufacturing facilities spread across API, formulations, and biotechnology. Emcure is now known as a vertically integrated pharmaceutical company with commendable infrastructure, skills, and resources that are not only comparable to the best pharma companies in Pune, India but those that are considered as the best in the world. Manufacturing of APIs, Formulations, and Biotechnology can all be summed up as strengths of Emcure.

Namita Thapar, who is distinguished as one of the judges of Shark Tank India, is the Executive Director of Emcure's India business. Thapar is an MBA degree holder from the Fuqua School of Business along with being a CA from ICAI. Ms. Thapar has also been a recipient of many esteemed corporate awards like The Economic Times ‘40 under Forty’ award, World Women Leadership Congress Super Achiever award, recognition as a Barclays Hurun Next Gen Leader, who also has her name in the Economic Times 2017 Women Ahead List.  

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6. Biocon Limited

Company Name Biocon Limited
Founded 1978
Owner Kiran Mazumdar-Shaw
Headquarters Bengaluru
Revenue $1.1 billion (2022 )
Biocon - top 20 pharma companies in india 2022

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 on a very huge scale. More than 9000 people are employed at Biocon and the company holds total assets valued over $824 million.

7. Torrent Pharma

Company Name Torrent Pharma
Founded 1959
Owner Sudhir Mehta
Headquarters Ahmedabad
Revenue $1.1 billion (2022 )
Torrent Pharmaceuticals - top 20 pharma companies in india
Torrent Pharmaceuticals

Torrent Pharmaceuticals is a leading Indian multinational pharmaceutical company that specializes in the production of generic drugs and active pharmaceutical ingredients. It is based in Ahmedabad and has a revenue of US $1.1 billion, as of 2022. 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. It is committed to providing high-quality and affordable healthcare solutions to patients across the world.  

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8. Lupin Limited

Company Name Lupin Limited
Founded 1968
Owner Manju D Gupta (W/o Desh Bandhu Gupta)
Headquarters Mumbai
Revenue $2.07 Billion ( 2022)
Lupin Limited - top 20 pharma company in india
Lupin Limited

Lupin is a leading Indian multinational pharmaceutical company based in Mumbai that specializes in the development, production, and marketing of generic and branded drugs. Lupin was established in 1968 by Desh Bandhu Gupta. It is the 12th-largest company by market capitalization and is thus one of the well-known pharmaceutical manufacturers in India. Lupin has revenue of $2.07 billion in 2022. 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, Latin America, etc. Some of the subsidiaries of Lupin Ltd. are Lupin Pharmaceutical Inc, Kyowa Pharmaceutical Industry Co. Ltd. and many more.

9. Zydus Lifesciences Limited (formerly Cadila Healthcare)

Company Name Zydus Lifesciences Limited
Founded 1952
Owner Pankaj Patel
Headquarters Ahmedabad
Revenue $1.9 Billion (2022)
Zydus Lifesciences Limited - top pharma company in india
Zydus Lifesciences Limited

Zydus Lifesciences Limited (formerly Cadila Healthcare) was founded in 1952 by Ramabhai Patel. 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 $1.9 billion in 2022.

Zydus Lifesciences Limited is also known for excellent diagnostics, along with being a manufacturer of herbal, skincare, and other OTC products. The company also produces 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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10. Aurobindo Pharma Limited

Company Name Aurobindo Pharma Limited
Founded 1986
Owner P. V. Ramaprasad Reddy and Mr. K. Nityananda Reddy
Headquarters Hyderabad
Revenue $2.9 Billion (2022)
Aurobindo Pharma Limited- top pharma companies in india
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 US $2.9 billion in 2022. Aurobindo Pharma Limited is engaged in the manufacturing and selling of medicines in the field of neurosciences, cardiovascular, Antiretrovirals, anti-diabetics, gastroenterology, cephalosporins, etc.

11. Intas Pharmaceuticals Limited

Company Name Intas Pharmaceuticals Limited
Founded 1986
Owner Hasmukh Chudgar
Headquarters Ahmedabad
Revenue $2.2 Billion (2022)
Intas Pharmaceuticals- best pharma company in india
Intas Pharmaceuticals

Intas Pharmaceuticals Limited, based in Ahmedabad was founded in 1984 and has a revenue of $2.2 Billion in 2022. 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.

12. Glenmark Pharma Limited

Company Name Glenmark Pharma Limited
Founded 1977
Owner Glenn Saldanha
Headquarters Mumbai
Revenue $1.5 Billion (2022)
Glenmark Pharma Limited - best pharmaceutical companies in india
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 $1.5 billion in 2022. 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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13. Innovexia Life Sciences Pvt. Ltd.

Company Name Innovexia Life Sciences Pvt. Ltd.
Founded 2011
Owner Sandeep Khajuria
Headquarters Chandigarh
Revenue $14.3 Million (2022)
Innovexia Life Sciences | top 20 pharma companies in india
Innovexia Life Sciences

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.

14. Biophar Lifesciences Pvt. Ltd.

Company Name Biophar Lifesciences Pvt. Ltd.
Founded 2010
Owner Gulshan Rawat
Headquarters Chandigarh
Revenue NA
Biophar Lifesciences Pvt. Ltd. - indian pharmaceutical companies
Biophar Lifesciences Pvt. Ltd.

Biophar is a prominent player among the top 20 pharma companies in India, based in Chandigarh it 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.

15. Mankind Pharma Limited

Company Name Mankind Pharma Limited
Founded 1995
Owner R. C. Juneja and Rajeev Juneja
Headquarters New Delhi
Revenue $970 million (2022)
Mankind Pharma Limited | top 20 pharma companies in india
Mankind Pharma Limited

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 $970 million in 2022 and is the 10th Indian largest pharma company.

16. Piramal Enterprises Limited

Company Name Piramal Enterprises Limited
Founded 1984
Owner Ajay Piramal
Headquarters Mumbai
Revenue $970 million (2022)
Piramal Enterprises Ltd. | top pharmaceutical companies in india
Piramal Enterprises Ltd.

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  $970 million in FY22.

17. Laurus Labs Ltd.

Company Name Laurus Labs Ltd.
Founded 2005
Owner Dr. Satyanarayana Chava
Headquarters Hyderabad
Revenue $100 million (2022)
Laurus Labs Ltd.| nest pharma companies in india
Laurus Labs Ltd.

Laurus Labs, a leading research and development-driven Indian pharma and biotech company, is a notable player in the top 20 pharma companies in India. 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.

18. Abbott India Ltd.

Company Name Abbott India Ltd.
Founded 1944
Owner Abbott Laboratories
Headquarters Mumbai
Revenue $43.7 Billion (2022)
Abbott India Ltd. | top 20 pharma company in india
Abbott India Ltd.

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.

19. Alkem Laboratories

Company Name Alkem Laboratories
Founded 1973
Owner Samprada Singh
Headquarters Mumbai
Revenue $1.4 Billion (2022)
Alkem | top 20 pharma companies in india

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.

20. Alembic Pharmaceuticals

Company Name Alembic Pharmaceuticals
Founded 1907
Owner Chirayu Amin
Headquarters Vadodara
Revenue $172.42 Million (2022)
Alembic | top 20 pharma companies in india

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.


India has a rapidly growing pharmaceutical industry and is becoming a major player in the global market. The top pharmaceutical companies in India, including Torrent Pharmaceuticals, Lupin, and Zydus Lifesciences Limited, have made significant contributions to the industry through their innovative products and commitment to high-quality healthcare solutions. These companies have a global presence and are expanding their reach to new markets, with a focus on affordable healthcare solutions for patients worldwide. With India's growing expertise in the field of pharmaceuticals, the industry is set to witness significant growth in the years to come.


What are the top 20 pharmaceuticals in India?

Here is the list of the top 20 pharmaceutical companies in India:

  • Sun Pharmaceutical Industries
  • Divi's Laboratories
  • Dr. Reddy's Laboratories
  • Cipla Limited
  • Emcure Pharmaceuticals
  • 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 are the pharma companies in Ahmedabad?

There are numerous pharma companies in Ahmedabad. Some of the major pharmaceutical companies are:

  • Torrent Pharmaceuticals
  • Zydus Cadila
  • Unison Pharmaceuticals Private Limited
  • Dishman Pharmaceuticals
  • Nabros Pharma Private Limited
  • Acron Pharmaceuticals
  • Nabros Pharma

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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