Do you know the business of pharmaceutical companies in India? It amounted to US$17.87 billion in the year 2017 and reached US$18.12 billion in the year 2018.
India is the largest provider of generic medicines in the globe. The majority of pharmaceutical companies in India are situated in cities such as Mumbai, Bangalore, Hyderabad, and Delhi.
India started manufacturing drugs during the year 1960. After the introduction of economic liberalization acts, the private pharmaceutical companies began the manufacturing of medicines.
Let us Discuss the Top 10 Pharma Companies in India:
Dr. Reddy’s Laboratories
Dr. Reddy’s is one of the largest manufacturers of drugs and pharmaceuticals in India. Anji Reddy established the company in the year 1984 in Hyderabad, India.
Initially, the company used to sell drugs within the country. It began exporting the drugs to other countries of the world within a few years of incorporation.
Dr. Reddy’s Laboratories earn an annual income of over Rs. 14, 203 crores. The company sells products such as medications, critical care products, diagnostic kits, and biotechnology items.
Sun Pharmaceutical Industries Ltd
The next on the list is Sun Pharmaceutical Industries Ltd. It produces pharmaceutical ingredients and various pharmaceutical formulations. The company was formed in the year 1983 by Mr. Dilip Shanghvi in Vapi, Gujarat, India.
First, it started producing medicines for mental disorders. Later, Sun Pharmaceuticals began expanding its business and produced gastroenterology medications.
As of now, it is one of the highest revenue making pharmaceutical companies in India. It has a yearly income of Rs. 55, 887 crores. It ranks second on the list of top pharmaceutical companies in India.
Producing a variety of products such as cardiovascular products, therapeutic products, and anti-allergic products, Aurobindo Pharma is one of the most leading pharmaceutical companies in India.
After the establishment, the company used to produce only semi-synthetic penicillin. Later, it began producing drugs for diabetes, cardiovascular diseases, and gastroenterology and others.
Aurobindo Pharma makes the annual revenue of Rs. 136.50 billion. The company is planning to manufacture products such as patches, inhalers, films and depot injections within a short time.
Glenmark Pharmaceuticals is one of the largest manufacturers of generic drugs in India. The company was formed in the year 1977 by Gracias Saldanha in Mumbai, India.
After the incorporation, the company sold its products only in the markets of India, Africa, and Russia. A few years ago, the company decided to discover new drugs and medications to cure diseases such as cancer, respiratory disorders, and other diseases.
Currently, Glenmark Pharmaceutical is the 4th largest pharmaceutical company in India with sales of over 81 billion INR.
The next on the list is Lupin Ltd. It is one of the top pharmaceutical companies in India located in Mumbai, India. The main products of Lupin Ltd are asthma medications, cardiovascular products, tuberculosis medication, and others.
At present, Lupin Ltd is one of the largest producers of generic drugs in India. It earns an annual income of more than Rs. 24,700 million.
The company exports its products to several countries such as Europe, South Africa, the Philippines, and others.
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Formed in the year 1935 in Mumbai, India, Cipla Ltd has contributed largely to the field of pharmacy. The main products of the company include medicines of diabetes, arthritis, cardiovascular diseases, and respiratory problems.
The founder Khwaja Abdul Hamied started the company with the name” The Chemical, Industrial & Pharmaceutical Laboratories”. Apart from pharmaceutical items, Cipla Ltd also sells personal care products. It earns approximately the annual income of more than $3 billion.
Zydus Cadila is among the top pharma companies in India formed in the year 1952 by Ramanbhai Patel in Ahmedabad, India. It is one of the largest producers of generic drugs in the country.
The company manufactures pharmaceutical products, OTC products, herbal products, and skincare products. Zydus Cadila earns yearly revenue of INR 119 billion making it one of the highest-earning pharmaceutical companies in the country.
It won the Wellcome Trust award in the year 2010 for selling affordable pharmaceutical products in India.
The next one on the list is Biocon Ltd which is situated in Bangalore, India. It was formed by Kiran Mazumdar-Shaw in the year 1978. This company produces generic drugs, antibodies, and insulin.
Further, Biocon Ltd exports its products to more than 120 countries of the globe. It manufactures the products mainly in the fields of oncology, specialty, Immunotherapy, and others.
With yearly revenue of more than INR 4,000 crore, Biocon Ltd is one of the most profitable pharmaceutical companies in the country.
Torrent Pharmaceuticals Ltd
Torrent Pharmaceuticals Ltd plays a pivotal role in the development of the pharmaceutical sector in India. It is one of the highest-earning pharmaceutical companies in India with an annual income of INR 66 billion.
It is the subsidiary of Torrent Group. The headquarters of Torrent Pharmaceuticals Ltd is situated in Ahmedabad, India. It manufactures the drugs and medicines to cure diseases of the nervous system, gastrointestinal, cardiovascular and others.
The last on the list is Divi’s Laboratories. It is located in Hyderabad, India. Formed in the year 1990, Divi’s Laboratories is one of the largest manufacturers of generic drugs in the country.
Apart from the local markets, the company exports the products in the markets of the USA and Europe. It has 4 manufacturing units in various parts of Southern India.
These are the top 10 pharma companies in India manufacturing medicines for various diseases and generic drugs. Many Asian and African countries use Indian generic drugs to cure several diseases. The major reason for using these generic drugs is lower prices than other countries.
In addition to that, these companies produce the most effective medicines to cure diseases. Seeing this, we can conclude that the pharmaceutical sector will see tremendous growth in the future.