The Pharma Companies in India are expected to reach $130 billion by 2030 and in FY 21-22 alone India exported $24.6 billion worth of generic medicines.
Those are some big numbers, right?
Well, that’s just the tip of the iceberg.
India is the largest supplier of generic medicines globally, possessing a 20% share of the global supply chain. We’re also the top vaccine producer in the world (if you didn’t already know that), holding a 60% market share.
The main reasons behind these impressive results are the top pharma companies in India which are leading the pharmaceutical growth in the country from the forefront.
Running a pharma company in India is quite challenging due to the cutthroat competition in the industry. Yet, these companies have proven their mettle, and have established a thorough grip on the competitive landscape.
Do you know India is home to 3,000+ pharma companies and has the largest number of FDA-approved pharmaceutical manufacturing sites outside the United States? You might also come across a few questions like ” Who is the biggest pharma companies in India?” or “which pharma company is top 10 in India?”
Let’s dig deep into these top pharma companies in India and get more insight into their growth and turnover.
LIST OF TOP 11 PHARMA COMPANIES IN INDIA
1. Sun Pharmaceutical Industries Limited
Sun Pharmaceutical Industries is one of the top pharma companies in India established in 1983, headquartered in Mumbai. It is the largest pharmaceutical company in India and the fifth largest in the world by market capitalization.
The company manufactures and sells formulations and active pharmaceutical ingredients (APIs) primarily in the United States and India.
The pharma company is listed on the National Stock Exchange of India, the National Commodity & Derivatives Exchange of India, the Bombay Stock Exchange and the New York Stock Exchange
The current market capitalization of the company is ₹2,43,149 Cr.
2. Cipla Limited
Mumbai-based Cipla Limited, considered to be one of the top pharma companies in India, was founded in 1935.
This company has a diversified product portfolio which includes generic pharmaceuticals, APIs, custom pharmaceutical services, over-the-counter products, ayurvedic products and bio-pharmaceuticals.
Cipla has a strong presence in more than 170 countries, employs over 20,000 people, and is the second-largest among the top pharma companies in India.
The current market turnover of the company is ₹83,886Cr.
3. Dr. Reddy’s Laboratories Limited
Dr. Reddys Laboratories Limited is a Hyderabad-based pharma company founded by Anji Reddy, who previously worked at the Mento Institute India Drugs and Pharmaceuticals Limited.
It is the third-largest among the top pharma companies in India by sales. Moreover, the company has a presence in over 25 countries, with more than 200 products being marketed globally. They have won the Gold Award for Patient-Centric Brand in Cancer Care.
The company’s market capitalisation is ₹74708 Cr. Its revenue in FY22 increased to $2.9 billion, a jump of over 13% compared to FY21.
4. Divi’s Laboratories Limited
Divi’s Laboratories Limited is based in Hyderabad, Telangana and was founded in 1990 by Dr. Murali Divi and his wife Dr. Divya Divi.
The pharma company specializes in the manufacturing of generic and custom pharmaceuticals, fine chemicals, and active pharmaceutical ingredients (APIs). They also have the world’s largest API manufacturing facility.
Divi’s Laboratories recently reached the milestone of being one of the top 3 API manufacturers in the world and one of the top API companies in Hyderabad.
Their pharmaceutical products are exported to over 100 countries globally, making it one of the top pharma companies in India.
The net market revenue of the company is ₹74,340 Cr. Divi’s is a Public limited company listed on the Indian stock exchange with revenue of ~$1.2 billion for the year 2021-22.
5. Torrent Pharmaceuticals Limited
Ahmedabad-based Torrent Pharmaceuticals Limited is one of the top pharma companies in India.It is a part of the Rs. 30,000 crore Torrent Group and is listed on the NSE as well as the BSE.
This pharma company also has a strong presence in over 80 countries and was recognised as the ‘Best Pharma Company’ at the World Brand Congress in 2016.
It is a leading manufacturer and supplier of medicines and active pharmaceutical ingredients (API) in India.
The market turnover of Torrent Pharmaceuticals is ₹52,676 Cr.
You can also read our blog(Top 11 successful Indian startups) to know about the latest successful Indian startups.
6. Zydus Lifesciences Limited
Navi Mumbai-based Zydus Lifesciences is one of the top pharma companies in India, was established in 2004. The company was earlier known by the name Cadila Healthcare Limited.
Its product portfolio includes pharmaceuticals, nutraceuticals, herbal medicines, ayurvedic medicines, cosmetics, healthcare products, medical devices, and medical equipment. It has more than 30 manufacturing plants worldwide including India, Brazil and USA.
Zydus’ global business has a strong presence in the regulated markets of the US, Europe (France and Spain) and in high-profile markets of Latin America and South Africa.
The market capitalization of this pharma company is ₹47,994 Cr.
7. Abbott India Limited
Abbott India Limited is a subsidiary of the US-based healthcare conglomerate, Abbott Laboratories. Established in 1910, Abbott is one of the country’s oldest and most admired healthcare companies.
The company is engaged in pharmaceuticals, medical devices, diagnostics and nutrition products.
The company has a network of over 6,000 distributors in the Indian subcontinent with a current market capitalization of the company is ₹45,198 Cr.
8. Lupin Limited
Lupin Limited is Mumbai based one of the top pharma companies in India founded in 1968 by Desh Bandhu Gupta, who was a chemistry professor at Punjab University. From one facility in Aurangabad in 1979, the company now has 11 state-of-the-art manufacturing facilities across the country.
Lupin Named Among the ‘Factories of the Future’ at the Economic Times Promising Plant Awards 2022.
The company has a presence in more than 100 countries worldwide and the net market turnover of the company is ₹35,264 Cr.
9. Biocon Limited
Biocon Limited is one of the top pharma companies in India based in Bengaluru and was founded in 1978 by Kiran Mazumdar-Shaw.
Their portfolio of products includes generic active pharmaceutical ingredients, recombinant therapeutics, biosimilars, and innovative biologics.
The pharma company export their products to more than 65 countries globally.
They have bagged numerous awards and recognitions, including the CNBC-TV18 Best Company in the Biotech & Pharma category in 2020, the ‘Best Company’ award at the BioPharma Excellence Awards in 2016, and the ‘Most Innovative Company’ award at the BioAsia Innovation Awards in 2015.
The total market cap of the company is ₹29,325 Cr.
10. Aurobindo Pharma Limited
Aurobindo Pharma Limited is a Hyderabad-based, one of the top pharma companies in India.
They have a presence in over 100 countries across the globe. The pharma company is one of the few Indian companies to be included in the Dow Jones Sustainability Index.
Their business includes manufacturing, marketing, distribution of pharmaceutical and other healthcare products.
The current market valuation of the company is ₹26,080 Cr.
11. IPCA Laboratories
IPCA Laboratories was founded in 1949 and is headquartered in Mumbai. The pharma company manufactures active pharmaceutical ingredients (API), pharmaceutical formulations and nutraceuticals.
They are also a leading supplier of generic medicines to the US, UK, and other European countries. IPCA has won numerous awards including the Best Indian Exporter Award from the Government of India, and the top pharma companies in India.
The market capitalization of IPCA is over ₹21,986 Cr.
Conclusion For Top Pharma Companies In India
According to the Economic Survey 2022-23, the country’s pharmaceutical exports grew by 24% in FY21, driven by COVID-19-induced demand for critical drugs and other supplies in over 150 countries,
Key Takeaways:
- The pharmaceutical industry in India is currently worth $50 billion.
- Incentives worth INR 21,940 Crore ($3 billion) are approved
- Pharma market size is expected to reach $65 billion by 2024, and ~$130 billion by 2030
- The expected growth rate of 11-12% (2020-2030)
The pharmaceutical industry in India is among the most vibrant and innovative verticals of innovation. With its rich history, wide array of products, and strong commitment to research and development, the Indian pharmaceutical industry has made tremendous progress over the past few decades.
As the industry continues to strengthen its capacity to innovate, India is sure to remain a leader in the global pharmaceutical market. With the advancement of technology and the emergence of new drugs and treatments, India’s pharma companies are set to revolutionize healthcare and change lives globally.
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