Top Pharma Companies In India by Market Capitalization

December 5, 2023
top pharma companies in india

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The Indian Pharmaceutical Industry is very important to India and the world. Not only does it contribute significantly to India’s economy, but it is also a major player in the global market. India is now the largest supplier of generic medications, all thanks to top pharma companies in India. This fact explains to what extent the pharma industry of India has evolved over the years.

Worldwide, the Indian Pharmaceutical Industry is estimated to be worth 50 billion dollars. This industry is the ultimate support of our healthcare system. The pharma companies of our country are improving and making themselves stronger each day. This becomes even more visible when one gets to have a look at their performances closely.

Top 20 Pharma Companies in India

Let us discover the top 20 pharma companies in India.

1. Sun Pharmaceutical Industries

Founded by Dilip Sanghavi in 1983, Sun Pharmaceuticals is the largest pharmaceutical company in India. It is the 5th largest speciality generic manufacturer globally. The company has over 40 manufacturing sites. Its headquarters lies in Mumbai.

The firm’s product line includes prescription and OTC items in various therapeutic areas, like gastroenterology, psychiatry, neurology, oncology, dermatology, infectious diseases, and nephrology. Sun Pharma has been traded since 1994 on the National Stock Exchange along with the Bombay Stock Exchange. Moreover, the NY Stock Exchange offers to trade the firm’s shares (NYSE). Sun Pharma employs over 2000 research scientists at various R&D centres.

2. Dr Reddy’s Laboratories

Dr Reddy’s Laboratories is on the list of top pharma companies in India. It was founded by Anji Reddy In 1984. Kallam Anji Reddy used to see his father building herbal drugs and distributing them at no cost. Reddy then thought of setting up a pharma firm. He then started it in 1984. The headquarters of this firm lies in Hyderabad. It is among the few Indian pharma companies on the NY Stock Exchange. It has strong visibility in the domestic and world markets.

Reddy’s has caught attention for participating in testing and distributing the Russian COVID-19 vaccine Sputnik. This firm offers a wide variety of products, including generic drugs, OTC products, branded drugs, and biosimilars. The firm boasts of having over 20000 employees. It had a revenue of Rs 21,439 crores in FY 2022.

3. Cipla

Known as the biggest producer of antiretroviral drugs, the pharma firm Cipla is a famous name today. The firm has a huge global presence as it is spread across 170 countries. Dr. K.A. Hamied founded it.

This firm mainly focuses on its R&D Also, it has more than 1500 products in its product line. Generic drugs from Cipla are there to treat a number of disorders, such as respiratory, diabetes, weight loss, and other conditions. The firm’s operations are divided into three primary business divisions: APIs, Respiratory, and Cipla Global Accessible.

Cipla gained fame and respect in the domestic and world markets for the high quality of its products. Asthalin, Erlonat, and Taxim, along with other famous goods, are some well-known goods manufactured by Cipla.

4. Torrent Pharmaceuticals

Among the top pharma companies in India is Torrent Pharma, which serves as the Torrent Group’s flagship company. It was founded in the year 1959. Torrent Pharmaceuticals’ headquarters are in Ahmedabad.

The firm employs nearly 12,000 people and has its products available in nearly 50 countries. Torrent Pharmaceuticals owns seven firms: Generic KG, Heumann Pharmaceutical GmbH &co., and Bio-pharm, Inc. The firm is known for producing high-end products at cheap prices. Torrent Pharma is indexed in many therapeutic areas. These include those dealing with the heart, gastrointestinal system, nervous system, women’s health, anti-infectives, diabetology, cancer, gynaecology, and pain management.

5. Zydus Cadila

Zydus Cadila, formerly Cadila Healthcare Ltd., was founded by Ramanbhai Patel in 1952. It is among the oldest companies in the Indian pharma industry. The company is listed among the top pharma companies in India with a worth of Rs 66,093 crores. It has an employee base of 22,000. The headquarters of this firm is in Ahmedabad, Gujarat.

Over 3,500 products of the firm are there in the market. The firm focuses mainly on its R&D It is also among the few Indian pharma firms with USFDA approval for producing generic drugs. The firm has over 30 production plants worldwide, including Brazil, India, and the United States. Among the popular goods produced by the firm are the cholesterol-reducing drug Atorvastatin, injection Gleevac, and many others. The firm had a value of Rs 1,29,345 crore as of October 2022.

6. Aurobindo Pharma

Indian Multinational Pharma Company Aurobindo Pharma was founded in 1986 by K.N. Reddy. This firm is leaving its impact on the market with over 1000 products. This shows a strong R&D base. Aurobindo Pharma owns firms like Aurobindo Astrazeneca, Novagen Pharma, and AuroZymes.

The headquarters of this company lies in Hyderabad. The most well-known products of Aurobindo Pharma are its generic drugs. These are sold in over 150 countries. Amoxicillin, an antibiotic, Ibuprofen, and other well-known drugs are some of the goods produced by the firm. Aurobindo Pharma’s market capitalization was Rs 1,02,526 crore as of October 2022.

7. Alkem Laboratories

Founded in 1973, Alkem Laboratories is an Indian multinational pharma company having its a base in Mumbai. This pharma company is the first to sell anti-infectives worth a huge amount. This firm offers APIs, generic drugs, and premium nutraceuticals in India and over 50 nations. It owns 21 factories spread across many nations. These include 2 in the USA and 19 in India.

8. Lupin

Founded by Deshbandhu Gupta in 1968, Lupin is an Indian Pharma Company. It has its base in Mumbai. Initially, the firm used to produce folic acid and iron tablets. By revenue, Lupin was globally the 7th largest speciality generic pharma firm in 2019. A vast line of goods, including generic drugs, APIs, and biotechnology goods, are produced by it. These are sold in more than 100 countries.

Cardiology, psychiatry, neurology, gastrointestinal, nephrology, ophthalmology, oncology, pain management, and dermatology are a few categories in Lupin’s product range. Lupin has been traded on the National Stock Exchange and the Bombay Stock Exchange for a long time. Moreover, shares of the firm are traded on the NY Stock Exchange. It operates in Europe, Africa, Southeast Asia, Japan, the United States, and India.

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9. Biocon

Biopharma company Biocon was founded in 1978 by Kiran Mazumdar Shaw. It has its headquarters in Bangalore. The firm is known for manufacturing generic active pharma ingredients. It sells them in over 100 countries on a grand scale. It is a fully integrated innovation-led firm that develops complex APIs and cheap biosimilars.

Using cutting-edge Pichia pastoris yeast expression technology, Biocon is globally the first firm to commercialize recombinant human insulin (rh-insulin). It is also known as Insugen®. The firm’s revenue for FY 2022 was Rs 1738.20 crores.

10. Glenmark Pharmaceuticals

Glenmark Pharmaceuticals is an Indian Multinational Company that has its base in Mumbai. It was established in 1977. It started to become a globally recognized pharma firm having a strong research base. The firm has a strong presence in over 50 countries and many production facilities in India.

Being listed among the top pharma companies in India, it provides a vast line of products. These include drugs for pain management, diabetes, cancer, etc. The firm does R&D to find new drugs in addition to its primary business of producing and selling drugs.

11. Divi’s Laboratories

Headquartered in Hyderabad, Divi’s Laboratories is among the top pharmaceutical companies in India. Divi’s Laboratories exports goods to the Philippines, Australia, South Africa, Japan, and the United States. The firm produces components for dietary supplements, API, and intermediates.

The firm has three manufacturing facilities in Hyderabad, Vishakhapatnam, and Kakinada along with three R&D facilities in India. On a global level, Divi now controls the market for nine generic APIs.

12. Emcure Pharmaceuticals

Having its base in Pune, Emcure Pharmaceuticals was founded by Satish Ramanlal Mehta in 1983. This firm started in Pune as a single production facility. Today it has high-quality manufacturing facilities varying across biotechnology, API, and formulations.

The firm has some of the best infrastructures, resources, and skills. It completed a revenue of Rs 5,812 crores in FY 2022. Shark Tank India fame Namita Thapar is the Executive Director of Emcure Pharmaceuticals India.

13. Abbott India

Among India’s pharma companies that is expanding the fastest is Abbott India. It is part of Abbott’s global pharma market in the nation. Abbott is known to be the oldest and biggest pharmaceutical company in India. It was founded in 1944 and has its headquarters in Mumbai. All over the globe, this firm produces 400 generic drugs of premium quality.

The firm deals in thyroid, vitamin, urological, gastrointestinal, anti-infective, diabetology, and women’s health drugs and treatments. Plus, the firm offers vaccines against the flu, typhoid, and diarrhoea.

14. Intas Pharmaceuticals

Intas Pharmaceuticals is among the top pharma companies in India. It is based in Ahmedabad and was founded in 1984. This firm is among Asia’s top producers of biosimilar products. Intas owns 14 formulation manufacturing facilities. Out of these, 7 are in India and the rest are present in the UK and Mexico.

This firm had a revenue of Rs 18,416 crores in 2022. The R&D division of this pharma company focuses on drugs based on plasma-derived products for chronic oncology (cancer), rheumatic, auto-immune, nephrology, and ophthalmology diseases.

15. Mankind Pharma

Mankind Pharma is a Delhi-based pharma company founded in 1995. The firm is quite very well-known today. It manufactures and sells vast healthcare products like antibiotics, gastrointestinal & dermal products, antifungals, and many more.

Mankind Pharma believes in the motto of ‘Serving Life’. In FY 2022, this company had a revenue of Rs 7,594.7 crores. Mankind Pharma provides drugs at a super cheap cost.

16. Laurus Labs

Laurus Labs was founded in 2005 by Dr Satyanarayana Chava. It has its headquarters in Hyderabad. The manufacturing plants of this firm are in Bangalore, Hyderabad, and Vishakhapatnam.

The firm focuses mainly on generic formulations, custom synthesis, biotechnology, agrochemicals, active pharma ingredients, and veterinary APIs. They create new medications with a special focus on quality and affordability.

17. Alembic Pharmaceuticals

Having its base in the city of Vadodara, it is an Indian pharma company started in 1907. It produces pharma goods, pharma ingredients, and intermediates and is also known as the market leader in India’s macrolides anti-infective medication category. The company is among the top pharma companies in India and has its name on Forbes’ 2016 list of “India’s Super 50 Businesses 2016”. It had a revenue of Rs 1,509.02 crores in FY 2022.

18. Piramal Enterprises

Piramal Enterprises was founded on the 26th of April, 1947, and has headquarters in Mumbai. It is listed in the top as India’s 12th largest Pharma Company. It had a revenue of Rs 1,379.07 crores.n FY 2022.

The multinational firm works in medicine, life sciences, medication development, and other things. The business involves pharmaceuticals, critical care, consumer goods, phytomedicine, and imaging.

19. Natco Pharma

Indian pharmaceutical company Natco Pharma was founded in 1981. It is involved in creating, producing, and marketing various pharma goods. Natco is a major firm in the global generics industry. It has a strong presence in the domestic market, too.

This firm produces agricultural health science products, final dosage formulations, active pharma ingredients, and contract manufacturing services. Oncology, diabetes, and respiratory illnesses are three areas in which the company places a special emphasis.

20. IPCA Laboratories

IPCA Laboratories was founded by R.B. Patel in 1949. The development, production, and marketing of a broad line of pharma goods are all activities done by IPCA Laboratories. It is a fully integrated pharma firm. The company’s product line is very diverse. It includes medicines for cardiovascular, anti-inflammatory, anti-infective, and anti-malarial conditions. The company sells its goods in over 100 countries.

The Booming Indian Pharma Sector

These top 20 Indian Pharma Companies serve as proof of the increasing growth of the Indian Pharma Industry. These firms are not only boosting the healthcare system of our own country but are also significantly contributing to the global healthcare system.

New technology is spreading globally. Today, firms are upgrading their techniques and innovations to meet the demands of the new age. And it is witnessed how the healthcare business is reaching new heights each year with its performance. It is safe to say that the industry will continue to cross even bigger milestones in the years ahead.

Seeking guidance on a specific aspect of business or broadening your understanding of the entire ecosystem, check our Business section.

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Frequently Asked Questions (FAQs)

Which is India’s No. 1 pharma company?

Sun Pharmaceuticals is currently considered India’s No.1 pharma company based on its market capitalization and revenue. The company produces a wide range of pharmaceutical products for various therapeutic areas.

Which country is no 1 in pharma?

The United States is the No.1 country in the pharma industry, with a global market share of around 45%. The country has many pharmaceutical companies, research institutions, and regulatory bodies, contributing to its industry dominance.

Which is the world’s biggest pharma company?

Based on its revenue, Pfizer is currently considered the world’s biggest pharmaceutical company. The company produces a wide range of pharmaceutical products, including vaccines, drugs, and biologics, for various therapeutic areas. However, the rankings may vary based on different parameters, such as market capitalization, research and development expenditure, and the number of drugs in the pipeline.

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