Top 10 Pharma Companies in India
India is the 3rd world’s largest by volume and supplier of generic medicines worldwide by holding a market share of 20% and 3.5% share of total pharmaceutical exports by volume. India’s domestic pharmaceutical market is estimated at US$ 42 billion in 2021, and it is anticipated to surpass US$ 65 billion by 2024.
India’s drug and pharmaceutical exports market is estimated at US$ 24.44 billion in 2021. The current pandemic has generated a rise in healthcare centers and vaccines due to which India have supplied medicines and vaccine to other countries. In May 2021, India supplied covid-19 vaccines, including grants, commercial exports, and export under the COVAX policy to 71 countries.
Currently, Indian pharmaceutical companies supply around 80% of antiretroviral drugs that are utilized worldwide to tackle AIDS (Acquired immune deficiency syndrome). Below are the top 10 pharma companies in India:
1. Sun Pharmaceutical Industries Ltd
Founder: Dilip Shanghvi
Revenue: ₹334.73 billion (as of 2020)
Net income: ₹37.65 billion (as of 2020)
No. of employees: 36,000 (as of 2020)
Sun pharmaceutical industries ltd is an Indian multinational pharmaceutical company that was founded in 1983. It is headquartered In Mumbai, Maharashtra. It produces and sale of chronic and acute therapies which include, API (Active pharmaceutical ingredients), ARVs (antiretroviral), OTC (over the counter), and generic drugs in India and in the United States. Every year they sell 30 billion doses of therapeutic segments covering neuropsychiatry, cardiology, neurology, gastroenterology, diabetology, respiratory, anti-infective, oncology, and many more. It is the first largest pharmaceutical company in India and the fourth-largest generic pharmaceutical company in the world. In 2014, sun pharmaceutical procured Ranbaxy, making it the largest pharma company in India and the US. They have more than 40 manufacturing API and formulation plants in more than 100 countries across the world. They provide more than 2000 formulations in India and other countries.
2. Reddy’s Laboratories Ltd
Founder: Kallam Anji Reddy
Revenue: ₹17,460 crore (as of 2020)
Net income: ₹19,540 crores (as of 2020)
No. of employees: 21,650
Dr. Reddy’s Laboratories Ltd is an Indian multinational pharmaceutical company that was founded in 1984. It is headquartered in Hyderabad, Telangana. It produces and sells active pharmaceutical formulation, generic drugs, OTC drugs, and 60 active Pharmaceutical ingredients (API) for drug producers, biotechnology products, diagnostics kits, and critical care in India and other countries. It has more than 10 FDA (Food and drug administration) plants that manufacture API across India. To overcome the Current covid-19 pandemic, they have allied with the Russian direct investment fund to perform final-stage clinical trials and produced 100 million doses of Russia’s Sputnik V vaccine for India.
3. Divi’s laboratories limited
Founder: Murali Devi
Revenue: ₹5,585.05 crore (as of 2020)
Net income: ₹1,376.54 crores (as of 2020)
No. of employees: 13,884
Divi’s laboratories is an Indian pharmaceutical multinational company that manufactures API, intermediates, and nutraceutical ingredients. It was founded in 1990 and headquartered in Hyderabad, Telangana. In market capitalization, it is India’s second valuable pharma company. The company has three manufacturing units in Hyderabad, Vishakhapatnam, and Kakinada and three research and development units in India. It is one of the tenderest firms, which made the top list in leading pharma companies. The countries where divi’s laboratory exports products are Japan, the USA, Australia, South Africa, and the Philippines. The divi’s laboratories are holding divi’s laboratories (USA), Inc. and Divi’s Laboratories Europe AG.
4. Cipla
Founder: Khwaja Abdul Hamied
Revenue: ₹17,476.19 crore (as of 2020)
Net income: ₹1,546.98 crores (as of 2020)
No. of employees: 22,036
Cipla is an Indian multinational pharmaceutical firm that provides generic medicines to heal medical conditions like respiratory, diabetics, weight control, and many more. Cipla was founded in 1935 in Mumbai. They supply a vast variety of medicines and are the world’s largest manufacturer of antiretroviral drugs. The company has a total of 34 manufacturing units in India and 80 other countries. The company has gained a lot of recognition in the Indian market and as well as the global market because of the highest standard quality. They supply over 2000 formulations. The arising market regions for Cipla involve all markets outside of India, the US, South Africa, and Europe.
5. Aurobindo pharma
Founder: V. Ramprasad Reddy and K. Nityanana Reddy
Revenue: ₹23,290 crores (as of 2020)
Net income: ₹2,844 crores (as of 2020)
No. of employees: 23,000
Aurobindo Pharma is a pharmaceutical firm which is headquartered in HITEC City, Hyderabad. They produce generic pharmaceuticals and API. The company began in 1986 by producing one unit of semi-synthetic penicillin in Pondicherry. In 2014, the company purchased ACTAVIS, which operated generic operations in seven Western European countries. The company supplies its products in 125 countries, and it also has its production and research and development units. They produce the best quality products and have huge demand in the market. Aurobindo pharma is holding Aurobindo pharma, USA, Novagen pharma (pty) Ltd., AuroZymes limited, and many others.
6. Torrent pharmaceuticals
Founder: Uttambhai Nathalal Mehta
Revenue: ₹ 8,060 crore (as of 2020)
Net income: ₹1,024 crores (as of 2020)
No. of employees: 12,881
Torrent pharmaceutical is a leading pharma company in India owned by Torrent group, and it is an Indian multinational pharma firm which is registered in more than 40 countries. The company was founded in 1959 and is headquartered in Ahmedabad. They manufacture the best quality product at a minimum price. Torrent Pharma is ranked in the therapeutic areas of cardiovascular, gastrointestinal, central nervous system, women’s health care, anti-infective, diabetology, oncology, gynecology, and pain management areas. It has its own manufacturing plants and research Centre across India. The company holds seven companies like Heumann pharma GmbH &co., generic KG, Bio-pharm, Inc., and many others.
8. Lupin Limited
Founder: Desh Bandhu Gupta
Revenue: ₹ 158,585 million (as of 2020)
Net income: –₹2,693 million (as of 2020)
No. of employees: 18,302
Lupin is the largest pharma company that produces a wide range of products like generic drugs, biotechnology products, and APIs. The company’s main focus areas are anti-tuberculosis, asthma, diabetology, cardiovascular, anti-effective, and pediatrics. The company was founded in 1968 by manufacturing folic acid and iron tablets. After that, it begins producing TB drugs which made a huge revenue for the company, and it is headquartered in Mumbai, Maharashtra. Lupin’s manufacturing units are widened in India, Mexico, Brazil, United States, and Japan. The company produces in more than 100 countries.
8. Zydus Cadila healthcare
Founder: Ramanbhai Patel
Revenue: ₹ 15,139 crore (as of 2021)
Net income: ₹2,133 crores (as of 2021)
No. of employees: 25,000
Zydus Cadila is the oldest company in the Indian market and became the leading manufacturer in pharmaceutical, diagnostics, herbal product OTC products, and skincare products. The company was founded in 1952 and is headquartered in Ahmedabad. Zydus exist in the regulated markets of the United States, Europe, South Africa, and Latin America. It has more than 30 manufacturing units in the world comprises India, Brazil, and the USA. The current pandemic, Covid-19 vaccine, is developed by them and named ZycoV-D and conducting a human trial. It will come into the market by September 2021.
9. Abbott India
Founder: Dr. Wallace Calvin Abbott
Revenue: ₹ 1,094.54 crore (as of 2021)
Net income: ₹152.47 crores (as of 2021)
No. of employees: 14,000
Abbott India is the largest and oldest multinational pharma company in India. It is the subsidiary of Abbott Laboratories of the United States. It was found in 1944 and headquartered in Mumbai, Maharashtra. The company produces pharmaceutical drugs and offer therapeutics comprises neurology, women’s health, gastroenterology, anti-infective, diabetology, urology, thyroid, vitamin, etc. They manufacture 400 branded generic pharmaceuticals worldwide. They provide high-quality and reliable products.
10. Alkem laboratories
Founder: Samprada Singh
Revenue: ₹84,485 crore (as of 2020)
Net income: ₹11,270 crores (as of 2020)
No. of employees: 14,331
Alkem Laboratories is an Indian pharma multinational firm that markets high-quality generic pharmaceuticals, APIs, and nutraceuticals in India and over 50 countries over the world. The company has 21 manufacturing countries, including 19 in India and 2 in the USA. It was founded in 1793, and headquartered in Mumbai, Maharashtra. It is the first anti-infective drugs provider pharmaceutical company in India that crosses 1,000 million sales in India.