India holds a significant place in the world pharmaceutical market. With 20% of all global exports, India is the world’s largest provider of generic medications. It meets 40% of the US demand for generic pharmaceuticals and more than 50% of the demand for different vaccinations globally.
The Indian pharmaceutical industry is significant globally due to its various advantages, including the best capacities for research and development and low-cost manufacturing. India’s excellent scientific capabilities are only demonstrated by how the country created two vaccines for the COVID-19 epidemic. India undoubtedly has an advantage in terms of pharmaceutical capabilities because it helped developed nations like the USA by providing support for the provision of medications during the COVID-19 epidemic.
Top 10 Pharma Companies in India
Below is a list of India’s top 10 pharma companies, ranked by total net sales.
1. Sun Pharmaceuticals Industries Ltd.
It is a global pharmaceutical firm with its headquarters in Mumbai, Maharashtra. It primarily manufactures and sells Active Pharmaceutical Ingredients (APIs) and pharmaceutical formulations. Sun Pharmaceutical Industries Ltd. has a stock weightage of 24.09% in Nifty Pharma. The company has made Rs. 29066 crore in sales overall. According to revenue and market capitalization, Sun Pharma is India’s largest pharmaceutical company. The business provides formulations for various therapeutic specialities, including gastrointestinal, neurology, psychiatry, and diabetology. Additionally, it offers restricted substances, anti-cancer medications, steroids, peptides, sex hormones, and APIs, including warfarin, carbamazepine, and clorazepate.
2. Aurobindo Pharma Ltd.
Hyderabad’s HITEC City serves as the corporate headquarters of the pharmaceutical company Aurobindo Pharma. They produce both API and generic drugs. In Pondicherry, the company began operations in 1986 by producing a single unit of semi-synthetic penicillin. The corporation acquired ACTAVIS in 2014, which ran generic operations in seven Western European nations. The company offers its products in 125 countries and has production, R&D, and distribution facilities. They make high-quality, highly sought-after products. Aurobindo Pharma owns several businesses, including Aurobindo Pharma, USA and AuroZymes Limited.
3. Lupin
One of the largest pharmaceutical companies, Lupin, produces numerous products, including APIs, biotechnology products, and generic pharmaceuticals. Paediatrics, cardiovascular health, diabetology, anti-effectiveness, and anti-tuberculosis are some of the company’s top focus areas. The company’s first line of business in 1968 was the production of iron and folic acid pills. Following that, it began manufacturing TB drugs, which generated a tonne of revenue for the company, which has its headquarters in Mumbai, Maharashtra. Lupin’s production facilities have grown in India, Mexico, Brazil, the US, and Japan. The company manufactures in more than 120 countries worldwide.
4. Cipla
Cipla is a top-tier pharmaceutical firm focusing on branded and generic medications of the highest calibre. Patients and healthcare professionals worldwide have confidence in the company. The company generated Rs. 16362 crores in revenue in total. The company ranks fourth among the top 10 pharmaceutical corporations in India. By consolidating and expanding its presence in the crucial markets of India, South Africa, the US, and other growing economies, the corporation is sharpening its emphasis on the entire world.
5. Dr Reddy’s Laboratories Ltd.
Hyderabad is home to the global pharmaceutical business, Dr. Reddy’s Laboratories. In the Nifty Pharma Index, Dr Reddy’s Laboratories Ltd. has a 17.00% stock weightage. The company’s total sales amount to Rs. 14,500 crores. On the list of the top ten pharmaceutical companies in India, the company comes in at number five. Dr. Reddy’s manufactures and markets a range of pharmaceuticals domestically and internationally. The company produces about 190 medications and 60 Active Pharmaceutical Ingredients (APIs) annually. These APIs are utilized to make pharmaceuticals, diagnostic equipment, critical care products, and biotechnology products.
6. Cadila Healthcare Ltd.
In addition to locations in India’s five states of Gujarat, Maharashtra, Goa, Himachal Pradesh, and Sikkim, Cadila Healthcare Ltd. also has facilities in the US, Brazil, and other countries. With 1300 researchers spread across 19 locations, Cadila�s Innovation program is focused on developing distinctive medications for the future. The group investigates many ideas and concepts while continuously inventing, including NCEs, vaccines, biosimilars, and specialised technologies. The regulated markets of the US and Europe and the high-profile markets of Latin America and South Africa are all significant markets for the company�s global business.
7. Glenmark Pharmaceuticals Ltd.
Glenmark Pharmaceuticals manufactures medications across the world. The company primarily focuses on oncology, respiratory and dermatology and has many compounds in various preclinical and clinical development stages. The company’s net revenue is Rs. 6,403 crores. It is committed to enhancing lives worldwide and has 17 manufacturing plants and 5 R&D centres. The company ranks high among Indian pharmaceutical companies.
8. Torrent Pharmaceuticals Ltd.
The Torrent Group owns one of the top pharmaceutical companies in India. Torrent Pharmaceutical is an international pharmaceutical corporation with registrations in more than 40 nations. They produce goods of the highest calibre at affordable costs. Torrent Pharma is ranked in the therapeutic categories of gynaecology, pain management, oncology, cardiovascular, gastrointestinal, central nervous system, and women’s health. The corporation owns seven businesses, including Bio-Pharm, Inc., generic KG and Heumann Pharma GmbH & co.
9. Abbott India
The oldest and one of the largest international pharmaceutical firms in India is Abbott, India and it belongs to Abbott Laboratories, a US business. It was started in 1944 and had its headquarters in Mumbai, Maharashtra. The company manufactures pharmaceuticals and provides therapies in neurology, women’s health, gastrointestinal, anti-infectives, diabetology, urology, thyroid, and vitamins, among others. They produce 400 branded generic drugs worldwide and offer dependable, high-quality goods.
10. Divis Laboratories Ltd.
Divis Laboratories primarily focuses on exports while producing Active Pharmaceutical Ingredients (APIs), Intermediates and Nutraceutical Ingredients. The company’s net revenue is Rs 4880 crore. One of India’s top pharmaceutical companies, Divis is one of the major pharmaceutical firms in India and has been operating out of Hyderabad, India, for more than 29 years with two manufacturing facilities. Divis’ 350 scientists and 11,000 highly skilled employees from various divisions collaborate to deliver top-notch products to clients.
FAQs on Pharma Companies in India
Listed below are some of the commonly asked questions about pharma companies in India.
What are some of India’s top pharmaceutical companies?
Sun Pharma, Divis Laboratories, Cipla and Dr. Reddy’s Laboratories are a few of the best.
Who is known as the “Father of Pharmacy”?
Mahadeva Lal Schroff is called the father of pharmacy.
Which Indian pharmaceutical company is the best?
The top two pharmaceutical businesses in India are Sun Pharmaceutical Industries Ltd and Dr. Reddy’s Laboratories Ltd.
What is the pharmaceutical industry’s future in India?
The pharmaceutical industry is anticipated to grow to 130 billion dollars by 2030.
What are some of the issues faced by pharma companies in India?
Some of the issues faced by pharmaceutical firms are employee burnout and chain disruptions.
The Indian pharmaceutical industry has many opportunities, particularly in the API market. Additionally, even if the sector has underperformed since 2017, the recent year’s performance of stock prices indicates that pharma companies have seen a strong uptrend. This offers a decent chance for the chosen API section stocks to continue to rise.
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