The Top 10 Pharmaceutical Companies In India : India is one of the largest producers and suppliers of generic drugs in the world, and the country’s pharmaceutical industry has been growing rapidly in recent years. Here is an introduction to the top 10 pharmaceutical companies in India:
1. Introduction
The Pharmaceutical industry in India is growing rapidly with the country now being the world’s third-largest producer of drugs. India is also home to a large number of pharmaceutical companies, with almost 50,000 registered companies in the country.
The Indian pharmaceutical market is expected to grow to $55 billion by 2020, making it one of the fastest-growing markets in the world. The top 10 PCD pharma companies in India are listed below.
2. Ranbaxy Laboratories
Ranbaxy Laboratories is one of the oldest and most prominent pharmaceutical companies in India. Having been established in 1961, the company is headquartered in Gurugram and is a part of the Sun Pharma group. It has a turnover of $2.3 billion and has around 3000 employees.
Ranbaxy is primarily focused on research, development, and manufacturing of medicines, including generics, patented drugs, and OTC products. Its manufacturing plants are located across India, making it one of the leading Indian pharmaceutical companies with a strong presence in the domestic market. The company also has a broad international presence in over 40 countries, with a huge market in the United States, Europe, and Japan.
3. Cipla
Cipla is an Indian pharmaceutical company founded in 1935 and headquartered in Mumbai. It is one of India’s leading drug manufacturers and has a turnover of $3.6 billion in 2020. The company employs over 17000 employees and is incorporated in more than 50 countries, with a presence in 8.
Cipla has a strong presence in the domestic market, and its products meet the highest international quality standards. The company has a wide product portfolio that includes drugs, vaccines, generics, biologics, over-the-counter (OTC) drugs, and inhalers. Cipla’s products also fall into the active pharmaceutical ingredient (API) and herbal categories. The company has about 400 drug formulations for different therapeutic areas, such as respiratory diseases, cardiovascular diseases, diabetes, mental health, cancer, and sexually transmitted diseases.
4. Dr.Reddy’s Laboratories
Dr. Reddy’s Laboratories is an Indian pharmaceutical company formed in 1984 and headquartered in Hyderabad. It is one of the largest pharmaceuticals companies in India and is incorporated in over 80 countries. It has a turnover of $1.7 billion in 2020 and employs around 17,000 people.
Dr. Reddy’s offers a wide range of generic drugs across all therapeutic segments. The company has multiple manufacturing facilities in India and is said to be the largest manufacturer of active pharmaceutical ingredients in India, with a presence in every therapeutic segment. The company also has a strong presence in the emerging markets of Eastern Europe and Latin America, and is expanding its presence in the US and European markets. Its key focus is to increase its generic drug capabilities, as well as its research and development. It is also investing in its biosimilars capabilities, by establishing strategic partnerships in Russia and the US.
5. Sun Pharmaceutical Industries
Sun Pharmaceutical Industries is an Indian multinational pharmaceutical company based in Mumbai. Founded in 1983 by Dilip Shanghvi, it is now a leading global generic drug manufacturer. In 2020, Sun Pharmaceutical Industries had over 11,000 employees and a turnover of over $4.2 billion.
Sun Pharma is a leader in the manufacture of generic drugs, focusing on formulation development, generic drug registration, manufacturing, marketing, and distribution of finished dosage forms in India. It has 65 manufacturing units across India, the US, Canada, Mexico, and Israel. The company’s portfolio comprises of specialty drugs, generics, biologics, and over-the-counter products. It has collaborations with few of the world’s leading pharma companies such as Pfizer, Fresenius and Novartis. The company is focused on investing in technological advancements, R&D, and strengthening its presence in emerging markets.
6. Glenmark Pharmaceuticals
Glenmark Pharmaceuticals Ltd is another leading pharmaceutical company based in Mumbai and is one of the top 10 PCD pharma companies in India. The company was founded in 1977. It is involved in the discovery, development, manufacture, and marketing of branded drugs, generics, and APIs in over 70 countries. Glenmark is the 8th largest generics pharmaceutical company in India by market capitalization.
Glenmark has over 60 manufacturing facilities across the world, including the US, the UK, and Brazil. The company has strategic collaborations with some of the leading pharma companies across the globe. The company is focused on increasing its product portfolio and expanding its presence in emerging markets. Glenmark has recently released its biosimilar molecule of adalimumab, a treatment for rheumatoid arthritis, psoriatic arthritis, and other autoimmune diseases.
7. Wockhardt
Workhardt is a leading global generic and specialty products business based in Hyderabad. Since its inception, Workhardt has grown steadily to become one of the top 10 PCD pharma companies in India. Workhardt has a strong presence in India and the US, with several product launches in the European and Latin American markets.
Workhardt offers a range of generics and specialty products, including dermatological and ophthalmic products, customised formulations, injectable products, biopharmaceuticals, new drug family products, and over-the-counter products. The company specialises in the development and manufacturing of active pharmaceutical ingredients and products for the global markets. The company holds approvals from the US Food and Drug Administration, the European Medicines Agency, and the World Health Organisation, among other regulatory agencies.
Workhardt is known for its innovative approach to product design, manufacturing, and quality control standards. This has enabled them to produce products of the highest quality that meet international guidelines. The company has a strong presence in the Indian market and is planning to expand rapidly into other geographies.
8. Lupin
Lupin is one of the top 10 PCD pharma companies in India. The company has a presence in over 75 countries worldwide, with a focus on the US and EU markets. Lupin is a global pharmaceutical company with expertise in generics, branded generics, novel drug delivery systems, biotechnology, and active pharmaceutical ingredients.
Lupin has experienced steady growth since its inception in 1985. The company has an expansive product portfolio consisting of over 150 generic and specialty products. Its strong research and development capabilities enable the company to rapidly devise niche solutions for the global market.
Lupin is an integrated player in the pharmaceutical industry, from research and development to manufacturing and marketing. This allows them to offer end-to-end pharmaceutical solutions that are compliant with international health standards. The company also focuses heavily on product innovation and customised solutions that drive profitability and customer loyalty.
9. Aurobindo Pharma
Aurobindo Pharma is another one of the top 10 PCD pharma companies in India. The company was founded in 1986 and, since then, has been at the forefront of providing high-quality, affordable generic medicines for patients in India, US, and many other countries worldwide.
Aurobindo Pharma is spread across various business segments, such as Active Pharmaceutical Ingredients (API), formulating, and Proprietary Products. It also offers custom development services and managed markets services to customers. The company also has research and development capabilities to provide innovative solutions and global healthcare opportunities.
Additionally, Aurobindo Pharma has a strong portfolio of generic and specialty medicines that are supported by its life cycle management activities such as manufacturing, packaging, marketing, and distribution. With a commitment to provide high-quality products and services, the company is recognized as one of the most reliable and cost-effective suppliers in the global healthcare industry.
10. Cadila Healthcare
Cadila Healthcare is the 10th largest PCD pharma company in India. It was established in 1951 and is headquartered in Ahmedabad, Gujarat. Cadila Healthcare has a strong presence in various countries, including India and other countries in the Middle East, Africa, and South Asia.
The company runs various specialized drug formulations and research operations mainly focusing on cardiovascular, anti-diabetic, and anti-bacterial drugs. It specializes in formulating, manufacturing and marketing high-quality generic drugs to cater to the needs of all types of customers.
Cadila Healthcare offers a wide range of products including tablets, syrups, capsules, protein powder, D-Lac, bio-fertilizers and other products. The company has an extensive marketing network in India with markets in more than 30 countries. It also provides contract manufacturing services to various pharma companies in the Indian subcontinent and abroad.
Cadila Healthcare has a strong global presence and has established a good reputation in the Indian pharmaceuticals industry. With a market share of 6.3%, the company is among the top 10 PCD pharma companies in India.