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 also 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 excepted to be worth 33.18 billion USD and will reach 9th position in the global pharma market by 2023. We have listed some of the top pharmaceutical companies in India which is ruling India's pharma sector.
Top Pharmaceutical Companies of 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
FAQs
Top Pharmaceutical Companies of India
Sun Pharmaceutical Industries
Founded: 1983
Owner: Dilip Shanghvi
Headquarter: Goregaon, Mumbai
Revenue: $4.7 billion
Sun Pharmaceutical Industries' revenue was $4.7 billion in 2020. It is the leading multinational pharmaceutical company in India. It was established in the year 1983. It was founded by Mr. Dilip Shanghvi & he 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.
Megha Rani
Divi's Laboratories
Founded: 1990
Owner: Murali Divi
Headquarter: Hyderabad
Revenue: $780 million
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 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 $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
Dr. Reddy's Laboratories was founded by Anji Reddy in 1984. It is an Indian multinational pharmaceutical company. It is known for manufacturing 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. It's notable products include Canagliflozin. Ramipril, Ibuprofen, Naproxen, Atorvastatin, Nizatidine, Naproxen Sodium, etc.
Cipla Limited
Founded: 1935
Owner: Yusuf Hamied
Headquarter: Mumbai
Revenue: $2.5 billion
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 nonexecutive 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.
Arbaz Sayed
Biocon Limited
Founded: 1978
Owner: Kiran Mazumdar-Shaw
Headquarter: Bengaluru
Revenue: $671.19 million
Founded in the year 1978, Biocon is the most popular pharmaceutical company in India. Biocon Limited manufactures generic active pharmaceuticals. The company is situated in 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 $671.19 million as in 2020.
Torrent Pharma
Founded: 1959
Owner: Sudhir Mehta
Headquarter: Ahmedabad
Revenue: $1.1 billion
Torrent is one of top pharmaceuticals companies in India. It is based in Ahmedabad and has a revenue of US$1.1 billion as in 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.
PV Vyshnavi
Lupin Limited
Founded: 1968
Owner: Mrs. Manju D Gupta (W/o Desh Bandhu Gupta)
Headquarter: Mumbai
Revenue: $2.2 billion
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 deals with medicines in the field of pediatrics, cardiovascular, anti-infectives, diabetology, asthma, and anti-tuberculosis. The founder of the company was 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 of the subsidiaries of Lupin Ltd. are Lupin Pharmaceutical Inc, Kyowa Pharmaceutical Industry Co. Ltd. and many more.
Cadila Healthcare Limited
Founded: 1952
Owner: Pankaj Patel
Headquarter: Ahmedabad
Revenue: $2.0 billion
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$2.0 billion in 2020. It was founded by Ramabhai Patel.
Cadila Healthcare Limited is also known as the manufacturer of diagnostics, herbal products, skincare 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 that are Ankleshwar plant, Vadodara plant, and Patalganga.
Alan Joseph
Aurobindo Pharma Limited
Founded: 1986
Owner: P. V. Ramaprasad Reddy and Mr. K. Nityananda Reddy
Headquarter: Hyderabad
Revenue: $3.3 billion
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 deals with medicines in the field of neurosciences, cardiovascular, Antiretrovirals, anti-diabetics, gastroenterology, and cephalosporins, etc.
Intas Pharmaceuticals Limited
Founded: 1986
Owner: Hasmukh Chudgar
Headquarter: Ahmedabad
Revenue: $1.49 billion
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 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
Founded: 1977
Owner: Glenn Saldanha
Headquarter: Mumbai
Revenue: $1.4 billion
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 $1.4 billion in 2020. The company also focused on new biosimilars drugs and in the fields of cancer, dermatology, and respiratory diseases, by collaborating with major pharma companies.
Yash Gupta
Innovexia Life Sciences Pvt. Ltd.
Founded: 2011
Owner: Sandeep Khajuria
Headquarter: Chandigarh
Revenue: $14 million
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. They provide PCD pharma Franchise. They keep investing and upgrading state of art facility for the high quality medicines. The company has a revenue value of around $14 Million.
Biophar Lifesciences Pvt. Ltd.
Founded: 2010
Owner: Gulshan Rawat
Headquarter: Chandigarh
Revenue: $199000
Biophar is one of the top pharmaceuticals companies based in Chandigarh that deals in the PCD Pharma Franchise Business and manufacturing. Their quality and reasonably priced formulations make them the most reliable companies in India. They have been expanding their client base by reaching each and every corner of the nation and adding more distributors. It is their constant endeavor to spread them to other parts through the appointment of new networks. It has a revenue of $199000.
Mankind Pharma Limited
Founded: 1995
Owner: R. C. Juneja and Rajeev Juneja
Headquarter: New Delhi
Revenue: $1.0 billion
Mankind Pharma Limited is a 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 Antibiotics, Antifungals, NSAIDs, Gastrointestinal, Anthelmintic, Cardiovascular, Dermal, Erectile Dysfunction, and several other categories. The company has a revenue of approximately US$1 billion in 2020 and is the 10th Indian largest pharma company.
Piramal Enterprises Limited
Founded: 1984
Owner: Ajay Piramal
Headquarter: Mumbai
Revenue: $68.08 million
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 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).
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 15 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
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.
Author: Ashwini
Source : https://startuptalky.com/pharmaceutical-companies-india/
Date : 2021-05-22T05:30:00.000Z