India ranks #1 in the manufacturing of generic drugs. Indian pharmaceutical sector supplies over 50% of global demand for various vaccines, 40% of generic demand in the US, and 25% of all medicine in the UK.
Generic drugs have been a stronghold of the Indian pharmaceutical industry and the country has been one of the largest providers of generic medicines globally. In fact, as of 2021, generics constituted over 70 percent of the total market revenue within the sector. Other areas of recognition for India’s pharma sector have been bulk drugs like antibiotics, vitamins, steroids, along with drug intermediates and formulations, biologicals and herbal products.
The patent Act of 1970 greatly helps pharmaceutical manufacturing companies of India The act greatly helped India to progress in the pharmaceutical manufacturing sector.
Globally, India ranks 3rd in terms of pharmaceutical production by volume and 14th by value. The domestic pharmaceutical industry includes a network of 3,000 drug companies
This is why we have curated a list of the top 10 pharma companies in India
According to the Indian Economic Survey 2021, the domestic market is expected to grow 3 times in the next decade. India’s domestic pharmaceutical market is estimated at US$ 41 billion in 2021 and likely to reach US$ 65 billion by 2024 and further expand to reach ~US $ 120-130 billion by 2030.
India’s biotechnology industry comprising biopharmaceuticals, bio-services, bio-agriculture, bio-industry, and bioinformatics. The Indian biotechnology industry was valued at US$ 64 billion in 2019 and is expected to reach US$ 150 billion by 2025.
India’s drugs and pharmaceuticals exports stood at US$ 22.15 billion in FY21 (until February 2021)
Hyderabad, Visakhapatnam, Mumbai, Pune, Baddi (Himachal Pradesh), Chennai, Bangalore, Ahmedabad, Aurangabad, Vadodara, Ankleshwar, Vapi, Sikkim, and Kolkata are the major pharmaceutical hubs of India.
I have curated the list based on the market size and revenue of all pharma companies
Now let’s check the list to find out which is top 10 pharma companies in India
Sun Pharmaceuticals Industries Ltd
It is an Indian multinational drug company headquartered in Mumbai, Maharashtra that manufactures and sells pharmaceutical formulations and A.P.I
Sun Pharma is that the Largest Pharma Companies in India by Revenue and Market capital.
With a revenue of 33,473 crores and market capitalization of 163,459 crores, It tops our list
The company offers formulations in various therapeutic areas, like cardiology, psychiatry, neurology, gastroenterology, and diabetology. It also provides APIs like warfarin, carbamazepine, etodolac, and clorazepate, also as anti-cancers, steroids, peptides, sex hormones, and controlled substances.
Divi’s Laboratories Ltd
Divis Laboratories is engaged within the manufacture of Active Pharmaceutical Ingredients (APIs), Intermediates, and Nutraceutical ingredients with predominance in exports. the corporate features a total income of Rs 5584 Crs. and market capitalization of 115,266 crs.It is one of the top pharma companies in India.
Divi’s has been established for quite 29 years in Hyderabad, India with two manufacturing units and is among the highest pharmaceutical companies in India. 11,000 highly trained professionals across departments and 350 scientists at Divi’s work together to bring world-class products to customers.
Dr. Reddy’s Laboratories Ltd
Dr. Reddy’s Laboratories is an Indian multinational drug company based in Hyderabad, Telangana, India.
Its is one of the biggest pharma company in India
Dr. Reddy’s Laboratories Ltd has revenue of 17,460 Crs and has a market capitalization of 90,677 crs
Dr. Reddy manufactures and markets a good range of pharmaceuticals in India and overseas. the corporate has over 190 medications, 60 active pharmaceutical ingredients (APIs) for drug manufacture, diagnostic kits, critical care, and biotechnology products.
Cipla
Cipla is a leading pharma company, dedicated to high-quality, branded, and generic medicines. the corporate is trusted by healthcare professionals and patients across geographies.
The Company features a total income of Rs 17,476 Cr. the corporate is the fourth-largest within the List of top ten pharma companies in India.
Cipla has market capitalization of 78,048 crs
Cadila Healthcare Ltd
Zydus Cadila is headquartered in Ahmedabad, India, and ranks 5th within the top 10 Indian pharmaceutical industry. The group has manufacturing sites and research facilities spread across five states of Gujarat, Maharashtra, Goa, Himachal Pradesh, and Sikkim in India and within the US and Brazil.
Zydus’ Innovation program is headed by 1300 researchers across 19 sites, performing on differentiated medicines for the longer term. From NCEs to vaccines and niche technologies .the group is exploring different ideas and ideas Zydus’ global business features a strong presence within the regulated markets of the US, Europe (France and Spain), and within the status markets of Latin America and South Africa. it’s also present in a big way in 25 other emerging markets worldwide. the corporate has total revenue of Rs 15,139 crs and a market capitalization of 68,075 crs
Aurobindo Pharma Ltd
Founded in 1986 by Mr. P. V. Ramprasad Reddy, Mr. K. Nityananda Reddy, and a little group of highly committed professionals, Aurobindo Pharma was born of a vision. the corporate commenced operations in 1988-89 with one unit manufacturing Semi-Synthetic Penicillin (SSP) at Pondicherry. the corporate has total revenue of 23,290 CRS which is the highest of the previous 5 companies
Aurobindo Pharma became a public company in 1992 and listed its shares on the Indian stock exchanges in 1995. additionally, to be the market leader in Semi-Synthetic Penicillins, it’s a presence in key therapeutic segments like neurosciences, cardiovascular, anti-retrovirals, anti-diabetics, gastroenterology, and anti-biotics, among others.
A fully integrated Pharma Company in India, Aurobindo Pharma features among the top 2 pharma companies in India in terms of consolidated revenues. Aurobindo exports to over 150 countries across the world most of its revenues derived from international operations.
Lupin
Lupin is a top Indian pharma company offering a good range of products like Branded & Generic Formulations, Biotechnology Products, Active Pharmaceutical Ingredients (APIs), and Specialty. the corporate has total revenue of Rs 15,858 Crs. Lupin’s world-class manufacturing facilities are spread across India, Japan, the USA, Mexico, and Brazil.
Lupin is a significant player within areas of Gynaecology, Cardiovascular, Diabetology, Asthma, Paediatric, Central systema nervosum (CNS), Gastro-Intestinal (GI), Anti-Infective (AI), and Non-Steroidal Anti-Inflammatory Drugs (NSAIDs).
It has a market capitalization of 55,825 crs that land him 7th in the top 10 pharma companies list
Gland Pharma Ltd
Established in Hyderabad, India in 1978, Gland Pharma has grown over the years from a contract manufacturer of small volume liquid parenteral products, to become one of the largest and fastest-growing injectable-focused companies, with a global footprint across 60 countries, including the United States, Europe, Canada, Australia, India, and other markets. The company operates primarily under a business-to-business (B2B) model and have an excellent track record in the development, manufacturing, and marketing of complex injectables. This presence across the value chain has helped us witness exponential growth. They are promoted by Shanghai Fosun Pharma, a Chinese global pharmaceutical major.
With revenue of 20,100 crores and market capitalization of 51,492 crs Gland pharma land in the top 8 in top 10 Indian pharma company list
Torrent Pharmaceuticals Ltd
Torrent Pharma, the flagship Company of Torrent Group is one of the leading pharma companies of the India. the corporate was a pioneer in initiating the concept of niche marketing in India and today is ranked amongst the leaders within the therapeutic segment of cardiovascular (CV), central systema nervosum (CNS), gastrointestinal (GI), and ladies healthcare (WHC).
The Company also features a significant presence in diabetology, pain management, gynecology, oncology, and anti-infective segments.
Torrent Pharma’s competitive advantage stems from the world-class manufacturing facilities, advanced R & D capabilities, extensive domestic network, and a widespread global presence in over 40 countries. the corporate has total revenue of Rs 8,060 Crs. and a market capitalization of 48,571 CRS torrent group ranks 9 out of 10 pharma company in India
Torrent Pharma started international acquisitions in 2005 with 90-year-old Heumann from Pfizer to enter the German market. Later on, Purchased ANDA of Monocycline from Ranbaxy for the US Market in 2015.
In January 2018, Torrent also acquired Bio-Pharm, Inc. (BPI) generic pharmaceuticals and OTC Company, based in Levittown Pennsylvania, USA. Torrent Pharma is one of the largest pharma company in India
Alkem Laboratories Ltd
Established in 1973, high-quality branded generics, generic drugs, active pharmaceutical ingredients, and nutraceuticals, which the corporate markets in
Alkem has also been ranked the No.1 Anti-infective company in India for quite 10 years and has amongst the leading pharmaceutical companies within the therapeutic segments of Gastro-intestinal, Pain management, and Vitamins / Minerals / Nutrients.
Manufacturing footprint with a complete of 21 manufacturing facilities including 19 in India and a couple of us . the corporate has a total income of Rs 5714 Cr. Among the top pharma company in India
Conclusion
Pharma Sector is the backbone of the Indian economy Due to their efforts India is renowned as the world’s pharmacy
The future of the Indian pharma Company is bright as the sun. Due to significant efforts of the government in the pharma sector India pharma company is expected to grow $130 billion to 2030
To reach the current valuation of $42 billion to $130 billionis challengings but I knew that nothing is impossible in front of Indian pharma sector
Hi, I am Saurabh. I am a web developer and an entrepreneur with a passion for writing about businesses, marketing, passive income methods, technology, and startups. In my free time, I enjoy traveling, listening to music, and tasting different foods.
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