Top 10 pharma companies in India
By Sanjay Maurya
The Indian Pharmaceutical industry plays a prominent role in the global pharmaceuticals industry. According to reports, one-fifth of the medicines supplied in the American market go from India. India has the largest number of pharma plants complying with US FDA regulations.
With around 1400 WHO-GMP (Good Manufacturing Practice) approved pharma plants, and 253 European Directorate of Quality Medicines (EDQM) approved plants, India is the world’s third largest producer of drugs by volume. Many pharma companies are making India proud by meeting global demand. Today we are going to explore the top 10 pharma companies in India but before that read some facts about the pharma industry in India.
Top Medicine Manufacturing Companies in India
Unstoppable India
- 50% of the world’s demand for vaccines for different diseases is met in India.
- India supplies over 50% of Africa’s requirement for generics, 40% of generic demand in the US, and 25% of all medicine in the UK.
- Apart from this, 80% of the anti-retroviral medicines used worldwide for dangerous diseases like AIDS are supplied by Indian pharmaceutical companies.
- The Indian pharmaceutical industry has grown by 22.4% between 2015 and 2020, according to an estimate, the turnover of the Indian pharmaceutical industry is currently more than US$ 40 billion and in the next 5 years, this turnover will reach 120-150 billion dollars.
India’s top 10 pharmaceutical companies
Pharma Manufacturers Company in India
01 – Sun Pharmaceutical Industries Ltd
- Subsidiaries: Ranbaxy Laboratories, MORE
- Headquarters: Goregaon, Mumbai
- Revenue: 39,576 crores INR (US$5.2 billion, 2022)
- Founded: 1983, Vapi
- Founder: Dilip Shanghvi
- Total assets: 69,799 crores INR (US$9.2 billion, 2022)
- Number of employees: 37,000+ (2021)
Sun Pharmaceutical Industries Limited is an Indian multinational pharmaceutical company headquartered in Mumbai, which manufactures and sells pharmaceutical formulations and active pharmaceutical ingredients in over 100 countries worldwide.
Sun Pharmaceuticals is India’s largest pharmaceutical company and the world’s fifth-largest specialty generic company. Sun Pharmaceutical Industries registered a revenue of INR 69,799 crore in 2022, today it is selling more than 2000 products in more than 100 countries, which is enough to describe its power.
02 – Dr. Reddy’s Laboratories Ltd
- Subsidiaries: betapharm Arzneimittel GmbH, MORE
- Revenue: 17,460 crores INR (US$2.2 billion, 2020)
- Founder: Kallam Anji Reddy
- Headquarters: Hyderabad
- CEO: Erez Israeli (1 Aug 2019)
- Founded: 1984
- Number of employees: 21,650 (March 2020)
Hyderabad-based Dr Reddy’s Laboratories is the fourth most reputed pharmaceutical brand in India, according to a Bluebytes report. The company was founded by Kallam Anji Reddy, who previously worked at Mentor Institute Indian Drugs and Pharmaceuticals Limited. The company today has over 190 drugs, pharmaceutical formulations, diagnostic devices, and approximately sixty active ingredients in critical care and biotechnology products.
It has a global presence in over 100 countries with subsidiaries in the US, UK, Russia, Germany, and Brazil; joint ventures in China, South Africa, and Australia; Establishment of representative offices in 16 countries and third-party distribution in 21 countries. Reddy’s Laboratories Ltd reported a revenue of INR 17,460 crore in 2020.
03 – Divi’s laboratories limited
- Founded: 12 October 1990
- Subsidiaries: Divi’s Laboratories Europe AG, Divis Laboratories (USA), Inc.
- Founder: Murali Divi
- Revenue: 9,073 crores INR (US$1.2 billion, 2022)
- Number of employees: 13,884 (2020)
- Headquarters: India
- Net income: 2,960 crores INR (US$390 million, 2022)
With its headquarters in Hyderabad, Divi’s Laboratories Limited is an Indian multinational pharmaceutical firm that manufactures active pharmaceutical ingredients and intermediates. The company manufactures and custom synthesizes generic APIs, intermediates. Through its subsidiary, Divi’s Nutraceuticals, the company also produces and distributes nutraceutical ingredients. Divi’s Laboratories is one of the biggest API companies in the world and the second most valuable pharmaceutical firm by market capitalization in India.
04 – Cipla
- Subsidiaries: Cipla USA Inc., InvaGen Pharmaceuticals, MORE
- CEO: Umang Vohra (1 Sept 2016–)
- Founder: Khwaja Abdul Hamied
- Headquarters: Mumbai
- Founded: 1935, Mumbai
- Number of employees: 22,036
- Revenue: 21,760 crores INR (US$2.9 billion, 2022)
Cipla Limited is an Indian multinational pharmaceutical company headquartered in Mumbai, India. Cipla primarily develops drugs for the treatment of respiratory, and heart diseases, arthritis, diabetes, etc. It was founded by Khwaja Abdul Hameed in 1935 as The Chemical, Industrial, and Pharmaceutical Laboratories in Mumbai. In 2022, the company crossed INR 21,000 crores in revenue. It is India’s fourth-largest pharma company based on overall revenue. The company has a vast portfolio with more than 1,500 products in the market.
05 – Aurobindo Pharma
- Subsidiaries: Aurobindo Pharma USA, Inc., MORE
- Headquarters: Hyderabad
- Founders: P. V. Ramprasad Reddy, K. Nityananda Reddy
- Revenue: 23,290 crores INR (US$3.1 billion, 2020)
- Founded: 1986
- Number of employees: 23,000 (2020)
The HITEC city of Hyderabad, India serves as the corporate headquarters of Aurobindo Pharma Limited, a worldwide pharmaceutical manufacturing company. The business produces both active pharmaceutical ingredients and generic pharmaceuticals.
Aurobindo Pharma Limited is one of the leading manufacturers of life-saving Antibiotic bulk drugs in India with an excellent track record of profitability and growth. The company is one of the largest manufacturers of Ampicillin and Cloxacillin in India. In 2020, the company touched INR 23,290 crores in revenue.
06 – Torrent pharmaceuticals
- Subsidiaries: Curatio Healthcare (I) Pvt Ltd, Torrent Pharma Inc, MORE
- Parent organization: Torrent Group
- Founder: U. N. Mehta
- Founded: 1959
- Headquarters: Ahmedabad
- Revenue: 8,510 crores INR (US$1.1 billion, 2022)
- Number of employees: 12,881 (2020)
The Torrent Group owns the multinational pharmaceutical company Torrent Pharmaceuticals Ltd, which has its main office in Ahmedabad. It was promoted by U. N. Mehta, initially as Trinity Laboratories Ltd, and was later renamed Torrent Pharmaceuticals Ltd.
The Company is a dominant player in the therapeutic areas of Cardiovascular (CV), Central Nervous System (CNS), Gastro-Intestinal (GI), Vitamins and Nutrients (VMN), and Anti-Diabetes (AD) therapies in India. It operates in regulated and developing markets, including the US, Europe, Brazil, and the rest of the world, and has a significant global presence in more than 40 nations. In 2022, the company generated INR 8,510 crores (about US$1.1 billion) in revenue.
07 – Lupin Limited
- Subsidiaries: Lupin Pharmaceuticals, Inc., MORE
- Headquarters: Mumbai
- Founded: 1968
- Number of employees: 18,686 (2021)
- CEO: Vinita D. Gupta (Sept 2013–)
- Revenue: 15,299.25 crores INR (US$2.0 billion, 2021)
- Founder: Desh Bandhu Gupta
Lupin Limited is a multinational pharmaceutical company based in Mumbai. It is the 7th largest company by market capitalization in the world while it is the 10th largest generic drug company in the world by revenue. The company’s key focus areas include paediatrics, cardiovascular, anti-infectives, diabetology, asthma, and anti-tuberculosis.
It started its business in 1968 and over the years has become one of the largest pharmaceutical companies in India and the world. In 2021, the company touched INR 15,299.25 crores (about US$1.1 billion) in revenue.
08 – Zydus Lifesciences
- Subsidiaries: Zydus Wellness, Zydus Pharmaceuticals USA, MORE
- Founder: Ramanbhai Patel
- Headquarters: Ahmedabad
- Founded: 1952
- Number of employees: 23,000 (2022)
- Revenue: 15,139 crores INR (US$2.0 billion, 2021)
- Net income: 2,133 crores INR (US$280 million, 2021)
Zydus Lifesciences Limited, formerly known as Cadila Healthcare Limited, is an Indian multinational pharmaceutical company headquartered in Ahmedabad, primarily engaged in the manufacturing of generic drugs. It is ranked 100th in the Fortune India 500 list in 2020.
Zydus Pharmaceuticals, a market leader in generic pharmaceuticals in the US, provides a broad range of FDA-approved drugs that may help patients treat and manage the disease, fight infection, and improve overall health and wellness.
Pharmaceuticals, including human formulations, veterinary formulations, bulk drugs, diagnostics, herbal products, skin care products, and OTC products, are among the company’s operations. In 2021, Zydus Lifesciences had a revenue of INR 2,133 crores.
09 – Glenmark Pharmaceuticals Ltd
- Subsidiaries: Glenmark Life Sciences, MORE
- Founder: Gracias Saldanha
- CEO: Glenn Mario Saldanha (2001–)
- Headquarters: Mumbai
- Founded: 1977
Glenmark Pharmaceuticals is a pharmaceutical company headquartered in Mumbai, India founded in 1977 by Gracie Saldanha as a generic drug and active pharmaceutical ingredient manufacturer; He named the company after his two sons. The company initially sold its products in India, Russia, and Africa. The company went public in India in 1999 and used some of the proceeds to build its first research facility. Saldanha’s son Glenn took over as CEO in 2001 and returned to India after working at PricewaterhouseCoopers. As of 2008, Glenmark was the fifth-largest pharmaceutical company in India.
10 – Alkem laboratories
- Subsidiaries: Pharmacor Limited, Enzene Biosciences Ltd, MORE
- Revenue: 10,634.1 crores INR (US$1.4 billion, 2022)
- Founder: Samprada Singh
- Number of employees: 15,357 (2021)
- Headquarters: Mumbai
- Founded: 8 August 1973
- Total assets: 14,069.1 crores INR (US$1.8 billion, 2022)
Alkem Laboratories Limited is a Mumbai-based international pharmaceutical company that produces and markets pharmaceutical generics, formulations, and nutraceuticals in India and globally. With a portfolio of over 800 brands in India, Alkem is the fifth-largest pharmaceutical company in India in terms of domestic sales. The company also has a presence in more than 40 international markets, with the United States being its key focus market.
The company produces branded generics, generic drugs, active pharmaceutical ingredients (APIs), and nutraceuticals in acute and chronic therapeutic areas, such as anti-infective, pain and analgesics, cardiac and Diabetology, vitamins/minerals/nutrients, Gynecology, dermatology, neuro/central nervous system, anti-diabetes, anti-osteoporosis, cardiovascular, and muscle relaxants, which are marketed in Indian and International markets.
FAQ
01. Which are the top 10 pharma companies in India?
The top 10 pharma companies in India are as follows: –
- Top pharmaceutical companies – Sun Pharmaceutical Industries Ltd
- Top pharmaceutical companies – Reddy’s Laboratories Ltd
- Top pharmaceutical companies – Divi’s laboratories limited
- Top pharmaceutical companies – Cipla
- Top pharmaceutical companies – Aurobindo Pharma
- Top pharmaceutical companies – Torrent pharmaceuticals
- Top pharmaceutical companies – Lupin Limited
- Top pharmaceutical companies – Zydus Lifesciences
- Top pharmaceutical companies – Glenmark Pharmaceuticals Ltd
- Top pharmaceutical companies – Alkem laboratories
02. Which are the top 10 pharma companies in the world ?
The top 10 pharma companies in the world are as follows: –
- Top Pharma companies – Pfizer
- Top Pharma companies – AbbVie
- Top Pharma companies – Novartis
- Top Pharma companies – J&J
- Top Pharma companies – Roche
- Top Pharma companies – BMS
- Top Pharma companies – Merck & Co. (MSD)
- Top Pharma companies – Sanofi
- Top Pharma companies – AstraZeneca
- Top Pharma companies – GSK
03. Who is the largest manufacturer of vaccines?
Pfizer is the largest vaccine manufacturer worldwide. The company was established in 1849 in New York by two German entrepreneurs, Charles Pfizer and his cousin Charles F. Erhart.
04. Who are the top 10 vaccine makers worldwide?
The top 10 vaccine makers worldwide are as follows: –
- Pfizer – 2021 vaccine revenues: $42.63 billion
- BioNTech – 2021 vaccine revenues: $22.48 billion
- Sinovac – 2021 vaccine revenues: $19.37 billion
- Moderna – 2021 vaccine revenues: $17.67 billion
- Merck & Co. – 2021 vaccine revenues: $9.69 billion
- GSK – 2021 vaccine revenues: $9.32 billion
- Sanofi – 2021 vaccine revenues: $7.45 billion
- Zhifei – 2021 vaccine revenues: $4.75 billion
- AstraZeneca – 2021 vaccine revenues: $3.98 billion
- Johnson & Johnson – 2021 vaccine revenues: $2.39 billion
05. Which are the top 10 High Demand Products for Export in India?
The top 10 High Demand Products for Export in India are as follows: –
- Petroleum products
- Mechanical Equipment
- Jewelry
- Drugs and pharmaceuticals
- Electronics
- Dairy Products
- Cereals
- Textile Products
- Organic Chemicals
- Readymade garments
05. Who are the 10 Pharma Leaders to Know in India?
The top 10 Pharma Leaders to Know in India are as follows: –
-
- Dilip Shanghvi – Founder: Sun Pharmaceutical Industries Ltd
- Glenn Saldanha – Chairman & Managing Director: Glenmark Pharmaceuticals Ltd
- Umang Vohra – CEO: Cipla Limited
- Sharvil Pankajbhai Patel – Managing Director: Zydus Cadila
- Binish H. Chudgar – Managing Director: Intas Pharmaceuticals
- Murtaza Khorakiwala – Managing Director: Wockhardt Limited
- Kiran Mazumdar-Shaw – Chairperson & Managing Director: Biocon Limited
- Vivek Sharma – CEO: Piramal Pharma Solutions
- Sameer Hiremath – President & Joint Managing Director: Hikal Limited
- Satyanarayana Chava – Founder & CEO: Laurus Labs Limited
Add Business Connect magazine to your Google News feed
Must Read:-
