India's Top 10 Pharma Companies Revealed: Powerhouses of Pharmaceuticals

Unlock the Top 10 Pharma Companies in India: Discover the Powerhouses Shaping the Healthcare Landscape. From innovative research to life-saving drugs, explore the leaders revolutionizing the industry.

India, the majestic powerhouse of pharmaceuticals, proudly holds the coveted title of being the third largest supplier and producer of generic medicines worldwide. With a remarkable market share of 20% and an impressive 3.5% share of total pharmaceutical exports, India stands at the forefront of this thriving industry.

The domestic pharmaceutical market in India has reached incredible heights, with an estimated value of US$ 42 billion in 2021. And the journey of growth doesn't stop there. It is projected to surge beyond expectations, surpassing a staggering US$ 65 billion by the year 2024.

India's unwavering dedication to global healthcare has proven to be invaluable, particularly during the recent pandemic. With the rise in demand for healthcare centers and life-saving vaccines, India has graciously extended its support to other nations, ensuring the availability of essential medicines and vaccines. In fact, in May 2021 alone, India supplied a multitude of COVID-19 vaccines to a remarkable 71 countries, encompassing grants, commercial exports, and contributions under the COVAX policy.

The impact of Indian pharmaceutical companies is felt far and wide, especially in the battle against AIDS (Acquired immune deficiency syndrome). These commendable companies currently supply an astounding 80% of the antiretroviral drugs utilized worldwide to combat this devastating disease.

In recognition of their extraordinary contributions, we present the top 10 pharmaceutical companies in India, representing excellence, innovation, and a steadfast commitment to improving global health.

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.

In conclusion, India's pharmaceutical landscape shines brightly with the presence of the top 10 pharma companies. These esteemed organizations exemplify excellence, innovation, and a tireless dedication to advancing global health. Through their unwavering commitment, they have solidified India's position as a formidable player in the pharmaceutical industry. Their remarkable contributions extend beyond borders, as they supply a significant portion of the world's antiretroviral drugs for combating AIDS and have played a pivotal role in the global response to the COVID-19 pandemic. With their continued growth and impact, these top 10 pharma companies in India are truly paving the way for a healthier and brighter future.