Due to the Covid-19 pandemic, there has been a huge demand for healthcare facilities and medicines. It has become the need of the hour. India, the second-largest populated country, has also seen innumerable cases of Covid-19. So do, India’s pharma sector is surging. India is the largest provider of generic medicines, holding a market share of 20% worldwide supply by volume and meets virtually 60% of the vaccine requirement around the world. Moreover, Indian pharmaceutical companies supply 80% of antiretroviral medications (for AIDS) in the international markets. The international pharmaceutical market is projected to surpass USD 1.5 Trillion by 2023. India enjoys a significant position in the worldwide pharma market. India provides more than 50% of the worldwide need for different vaccines and 40% of the demand for generic products in the United States. India’s pharmaceutical spending is anticipated to expand at 8-11% CAGR during 2019-23 to touch 28-32 billion US dollars.
The Top 10 pharmaceutical companies in India in the year 2021 are:
1-Sun Pharmaceutical Industries
Sun Pharmaceutical Industries, leading pharmaceutical in India. Founded in 1983 by Mr. Dilip Shanghvi (MD of Sun Pharmaceutical) Sun Pharmaceutical Industries is the largest pharmaceutical company in India based on overall revenue. It is the fourth largest global specialty generic pharmaceutical company in the world. It also sells Etodolac, Carbamazepine, and Clorazepate as well as anti-cancer, steroids, peptides, sex hormones, and controlled substances. Its subsidiaries include Sun Petrochemical Pvt. Ltd, Ranbaxy Laboratories, Alkaloida Chemical Company Zrt, Sun Ophthalmic Inc, Chattem Chemicals Inc. The company sells affordable medicines in over 150 countries across 6 continents.
2-Aurobindo Pharma
Aurobindo Pharma was founded in 1986 by P. V. Ramprasad Reddy, K. Nityananda Reddy. The pharma started its operations in 1988-89 with a single unit manufacturing Semi-Synthetic Penicillin at Pondicherry. It sells over 300 products in over 125 countries. Along with Semi-Synthetic Penicillins, the company has a presence in key therapeutic segments such as cardiovascular, antiretrovirals, neurosciences, antibiotics, gastroenterology, anti-diabetics, anti-Allergics, etc. It’s the second-biggest pharmaceutical company in India with a revenue of $3.3 billion in 2020.
3- Cipla Limited
Cipla is a leading worldwide pharmaceutical and biotechnology company, established in 1935 by Khwaja Abul Hamied and headquartered in Mumbai. The firm is relied on by healthcare professionals as well as patients throughout the world. Its subsidiaries include Cipla Health Limited, Meditab Specialities Pvt. Ltd., Sitec Labs Pvt. Ltd., etc. The firm is relied on by healthcare professionals as well as patients throughout the world. It’s India’s fourth-largest company with overall revenue of $2.5 billion. The firm in India focuses on developing medicines to treat cardiovascular diseases, diabetes, weight control, respiratory, arthritis, and many more. The company is spread in more than 150 countries.
4- Divis Laboratories
Hyderabad-based Divis Laboratories ltd. is an Indian multinational pharmaceutical company, established in 1990 by Murali Divi. This pharmaceutical company manufactures active pharmaceutical ingredients (APIs) and intermediaries. Divis Laboratories Limited is engaged in the manufacture of leading generic compounds Nutraceutical ingredients and custom synthesis of APIs and intermediates for global innovator companies. It’s one of the largest API companies in the world, with 5,584.05 crores revenue in 2020 and the company is exporting to more than 95 countries.
5- Dr. Reddy’s Laboratories Ltd
Dr. Reddy’s Laboratories was founded by Anji Reddy in 1984. It’s an Indian multinational pharmaceutical company. The company is acknowledged for a wide range of pharmaceuticals in India and all around the globe. The firm has over 190 medications, 60 active pharmaceutical ingredients for drug manufacturers, critical care, biotechnology products, and diagnostics kits. With a revenue of over $2.4 billion, it’s India’s fifth-largest pharmaceutical company. Its notable products include Ramipril, Nizatidine, Naproxen, Canagliflozin, Atorvastatin, etc.
6- Torrent Pharmaceuticals
Torrent is one of the top-notch pharmaceutical companies in India and also a leader in initiating the principle of niche marketing in India. The firm was founded in 1959 by Sudhir Mehta. Today, the company is renowned as the leader in the therapeutic sector of women’s health care, gastrointestinal. cardiovascular, and central nervous system. Its subsidiaries include Heumann Pharma GmbH & Co. Generica KG, Bio-Pharm, Inc. ZYG Pharma Pvt. Ltd., etc. Moreover, the firm has a considerable existence in gynecology, pain management, diabetology, oncology, and anti-infective sectors. Overall revenue of the firm US $1.1 billion as in 2020.
7– Lupin Ltd
Lupin Ltd was founded in 1968 by Desh Bandhu Gupta and is headquartered in Mumbai. Lupin is a worldwide pharmaceutical company supplying a huge array of products like Biotechnology Products, APIs, Branded & Generic Formulations, etc. The company’s manufacturing centers are spread across India, Brazil, Mexico, Japan, and the UNITED STATES. The company is a leading player in the treatment areas of Non-Steroidal Anti-Inflammatory Drugs, Asthma, Pediatric, Diabetology, Gastro-Intestinal, Cardiovascular, CNS, Gynecology, and Anti-Infective drugs. Furthermore, the firm has an international position in the Anti-TB and Cephalosporins sectors. Lupin has revenue of $2.2 billion in 2020.
8- Glenmark Pharma Limited
Glenmark Pharma is a leading pharma company headquartered in Mumbai, founded in 1977 by Glenn Saldanha. This pharmaceutical company has discovered a drug history that plays an imperative role in the field of therapeutic areas of respiratory, dermatology and oncology. It’s the eighth largest pharma company in India with a revenue of $1.4 billion in 2020. The firm also focused on new biosimilars drugs and in the field of cancer, respiratory diseases, and dermatology by collaborating with several pharma companies.
9-Zydus Cadila Healthcare
Zydus Cadila was founded in 1952 by Pankaj Patel. It is an Indian pharmaceutical company headquartered in Ahmedabad. With revenue of US $2.2 billion, it holds the position of one of India’s largest pharmaceutical companies in India. Cadila Healthcare is also a leading manufacturer of herbal products, skincare products, diagnostics, and other OTC products. The firm also manufactures the generics for hepatitis C treatment, based on the voluntary license agreement with Gilead. Zydya produces API at three sites in India; the Vadodara plant, Ankleshwar plant, and Patalganga.
10– Alkem Laboratories
Alkem Laboratories was founded in 1973 by Samprada Singh, headquartered in Mumbai. It has a revenue of US $1.8 billion. Alkem Laboratories produces top-quality branded generics, generic medications, APIs, as well as nutraceuticals in India and is spread in more than 50 countries around the world. Its subsidiaries include S&b Pharma, Inc, Ascend Laboratories SpA, Cachet Pharmaceuticals Pvt. Ltd., Enzene Biosciences Ltd, etc. For more than ten years, Alkem Laboratories has been ranked as the No. 1 Anti-infective company in India. Alkem comes under the list of leading pharma companies in the therapeutic segments of gastrointestinal, Vitamins/ Minerals/ Nutrients, and pain management.
Follow Startup Story
