Almost 80% of the demand for pharmaceuticals in India is met by the Indian pharma companies. There are about 15000 Pharmaceutical companies in India which are further divided into small, medium and large-scale companies. Pharmaceutical products play an important role in the healthcare of the nation. With an increase in population, India is estimated to become the 2nd largest pharmaceutical market in terms of consumption. The pharmaceutical companies in India has a bright future.
The pharmaceutical industry in India is estimated to be worth 27 billion dollars and is increasing at the rate of 14 % per annum. It is estimated that by 2025, the pharmaceutical industry in India will grow up to 100 billion dollars.
In India, the cost of manufacturing pharmaceutical products is low because of low labour cost, low cost of raw materials and cost of setting up a manufacturing unit is low in comparison with other nations. In 2016 – 17, the total imports of pharmaceutical products stood to Rs. 18,372 crores. While the exports of Indian pharmaceuticals is estimated to touch 20 billion dollars by the year 2020.
In this article, we will provide the complete information about the top 10 best performing pharmaceutical companies in India.
List of Top 10 Pharmaceutical Companies In India
1.Sun Pharmaceutical Industries Ltd.
Sun Pharmaceutical was started in 1983 as a small company and grew to the brand trusted worldwide. It is the fifth largest speciality generic pharmaceutical company. The pharmaceutical products developed by sun pharma are affordable and trusted by professionals and patients across 150 countries. It is the largest pharmaceutical company in India with the market capitalisation of Rs 1,55,716 Crore and head office in Mumbai, India.
Sun Pharmaceuticals employs more than 30,000 people. The products manufactured by sun pharma are used for psychiatry, anti-infectives, neurology, cardiology, orthopaedic, diabetology, gastroenterology, ophthalmology, nephrology, urology, dermatology, gynaecology, respiratory, oncology, dental and nutritional.
2. Lupin Ltd
Lupin was founded in 1968 by Desh Bandhu Gupta named after the Lupin Flower. With the global revenue of 2.55 billion dollars, it is one of the most promising pharmaceutical company in India and abroad. Lupin specializes in high quality and affordable generic, API’s and anti infections pharmaceutical products. Diseases related to cardiovascular, infections, asthma, TB are some of the core areas of this company.
Lupin Ltd. is a leader in 28 pharmaceutical products out of 77 in the US pharmaceutical market. With its headquarter in Mumbai, Lupin Ltd. is the seventh largest company by market capitalisation in the world. Key markets of this company are India, USA and Japan.
3. Dr Reddy’s Laboratories
Dr Reddy’s Laboratories was in 1984 by Dr Anji Reddy. This company manufactures around 190 pharmaceutical products and 60 Active Pharmaceutical Ingredients (API). Omez medicine is one of the most recognized and successful products of Dr Reddy’s Laboratories as it was priced almost half of its other competitors.
In 1992, this company started its global expansion by exporting products to Russia. It’s headquarter is based in Hyderabad, Telangana with almost 20,000 employees working presently. Dr Reddy’s Laboratories portfolio includes generic medicines and topical creams for cardiovascular, gastrointestinal ailments, dermatology and paediatrics.
Looking for global expansions, Dr Reddy’s Laboratories acquired BMS Laboratories and its subsidiary for 14.81 million Euros. Presently, Dr Reddy’s Laboratories capitalizes at Rs 49,293 Crore as the third largest pharmaceutical company in India by market capitalisation in 2017.
Cipla was founded in 1935 by K.A. Hamied and it is based in Mumbai. This company manufactures across 1500 products with its presence across 80 countries. It develops active pharmaceutical ingredients and generic medicines to treat cardiovascular, diabetes, arthritis and depression diseases.
Cipla employes more than 23,000 people with the turnover around 2.2 billion USD. It operates 34 manufacturing units in India at multiple locations. Cipla has a strong presence in India, USA, South Korea and other major economies. Presently, Cipla capitalizes at Rs 47,319 Crore as the fourth largest pharmaceutical company in India by market capitalisation in 2017.
5. Aurobindo Pharma Ltd.
Aurobindo Pharma was founded in 1986 by Mr P.V. Ramaprasad Reddy and Mr K. Nityananda Reddy with its first manufacturing plant of Semi-Synthetic Penicillin (SSP) at Pondicherry. It exports to over 125 countries which includes USA, South Korea, UK, Canada and more.
The core strengths of Aurobindo Pharma are a large portfolio of Antiretroviral drugs (ARVs), anti-infectives and cost-effective medicines. The target area of this company are neurosciences, cardiovascular, antiretrovirals, anti-diabetics, gastroenterology and cephalosporins.
Over 80 % of the Aurobindo Pharma revenue is generated from international operations. In 2017, its market capitalization was Rs 41,283 Crore making it fifth largest pharmaceutical company in India sorted by market capitalization.
6. Zydus Cadila Healthcare
Zydus Cadila Healthcare was founded in 1952 by Mr Ramanbhai B. Patel. From an initial turnover of about 260 crores in 1952 it grew to 9800 crores in the year 2017. Zydus Cadila Healthcare is known for its world-class manufacturing facility comprising the development of active pharmaceutical ingredients(API).
With about 19500 employees, it is one of the largest pharmaceutical company in India. Zydus Cadila Healthcare made a breakthrough in the market when it launched a drug known as Lipaglyn, to treat diabetic dyslipidemia. It also produces drugs and medicines to treat Cardiovascular, Gastrointestinal, Respiratory, Dermatology, Pain Management and Anti-infectives.
Presently, Zydus Cadila Healthcare capitalizes at Rs 31,631 Crore as the sixth largest pharmaceutical company in India by market capitalisation in 2017.
7. Piramal Enterprises
Piramal was founded in 1980 by Ajay Piramal based in Mumbai, India. In 1991, the first manufacturing facility of Piramal was set up in Pithampur, Madhya Pradesh. The company generates more than 51% of its revenue from international markets. Piramal employees about 10,000 people from different nationalities with offices in over 30 countries.
Piramal is leading company in delivering solutions in the field of Antibody Drug Conjugates (ADCs) to global pharmaceutical companies. It also manufactures generic medicines and nutritional solutions which are exported to nearly 30 countries.
Piramal’s market capitalisation is about Rs 30,975 Crore in the year 2017 according to which it is seventh largest pharma company in India.
8. Glenmark Pharmaceuticals
Glenmark Pharmaceuticals was founded in 1977 by Gracias Saldanha based in Mumbai, India. This company manufactures generic drugs and active pharmaceutical ingredients(API) and exports it to over 80 countries including USA, Russia, Africa and Europe. Glenmark was named after the Gracias Saldanha two sons.
Glenmark researched and focused on new drugs to treat Cancers, dermatology and respiratory diseases. It was ranked as the 8th largest pharmaceutical company in India on the basis of market capitalization which is Rs. 25,302 Crore in 2017. Glenmark employees over 12000 people from different nationalities.
9. Torrent Pharmaceuticals
Torrent Pharmaceuticals is a flagship company of Torrent Group. It was founded in 1959 by Uttambhai Nathalal Mehta and it is based in Ahmedabad, Gujrat. Its first manufacturing plant was set up at Vatva in Ahmedabad. It employees about 9000 people from all over the world.
Torrent Pharmaceuticals target area is to produce drugs to treat Cardiovascular (CV), central nervous system (CNS), gastrointestinal, diabetology and anti-infective problems. Recently it also has stepped in the therapeutic segment of Oncology and Rheumatology.
Its market capitalization was Rs 22,742 Crore in the year 2017. According to its market capitalization, it is the 9th largest pharmaceutical company in India.
Biocon was founded in 1978 by Kiran Mazumdar and Shaw. It is a joint venture between a company of Ireland and an Indian entrepreneur. This company is based in Bengaluru, Karnataka. In 2001, Biocon became the first Indian company to get approved by USA FDA to manufacture lovastatin, a cholesterol-lowering molecule.
This company manufactures generic API ingredients and are exported to over 120 countries. It also manufactures Bio insulins and biologics. The target area for Biocon is treating Diabetology, Nephrology, Oncology and Cardiology.
Biocon has about 9300 employees from all over the world. Its market capitalization is about Rs. 38,685 crores.
Some Other Pharmaceutical Companies In India are :
GlaxoSmithKline Pharmaceuticals Ltd
Aventis Pharma Ltd
Ipca Laboratories Ltd
Orchid Chemicals & Pharmaceuticals Ltd
Matrix Laboratories Ltd
US V Ltd
Novartis India Ltd
Abbott India Ltd
Intas Pharmaceuticals Ltd
Unichem Laboratories Ltd
JB Chemicals & Pharmaceuticals Ltd
Divi’S Laboratories Ltd
India’s pharmaceutical exports stood at US$ 16.8 billion in 2016-17 and are expected to grow by 30 percent over the next three years to reach US$ 20 billion by 2020. Therefore there is a huge potential in the pharmaceutical market in India.