In this article, we will take a look at the 15 top pharmaceutical companies in India. For more companies, click Top 15 Pharmaceutical Companies in India.
India is the largest producer of generic medications and vaccines worldwide. It makes up about 20% of the entire amount of generic drug supply in the world. With almost 200 nations receiving Indian pharmaceutical exports, India is a significant pharmaceutical exporter.
In addition, India has a strong network of over 10,500 production facilities, over 3,000 pharmaceutical enterprises, and a manpower pool that is highly skilled. Outside of the US, India has the most pharmaceutical manufacturing facilities that adhere to FDA rules.
More than 500 active pharmaceutical ingredients (APIs) are produced in India, supplying 60,000 generic brands. India now has the third-largest API market in the world as a result. Most supplies are made up of over-the-counter medications used to treat common ailments without endangering life. The pharmaceutical industry’s most important cities are Mumbai, Bangalore, Hyderabad, Pune, Visakhapatnam, and Ahmedabad.
One of the top-performing sectors that provide lucrative business prospects is the Indian pharmaceutical market. In recent years, it has experienced enormous expansion. As the Indian pharmaceutical business transitions from a volume maker to a valued supplier in 2022, investors are turning to this sector for safe haven investments.
List of 15 Top Pharmaceutical Companies in India
1. Lupin Limited
Number of Employees: 20,000
Lupin Limited develops, produces, distributes, and markets a wide range of biotechnology products, branded and generic formulations, and active pharmaceutical ingredients (APIs). Cardiovascular, asthma, diabetes management, pediatrics, central nervous system, gastroenterology, anti-infectives, nonsteroidal anti-inflammatory medications (NSAIDs), anti-TB, and cephalosporins are among its areas of specialization. With 18 production facilities, Lupin sells its goods in more than 100 nations. India, the US, Japan, Europe, South Africa, the Philippines, and Australia are key markets for the company. The Indian pharmaceutical firm Lupin Limited announced net revenues of $1.96 billion for the fiscal year 2022.
2. Divi’s Laboratories
Number of Employees: 17000
Established in 1990, Divi’s Laboratories is a top producer of active pharmaceutical ingredients, exporting top-notch goods to over 95 nations. Europe accounts for most of the company’s sales, followed by North America, India, and Asia. The business views investing in mergers and acquisitions as a possible part of its operational growth plan to boost its R&D, production, and marketing capabilities. In FY22, Divi’s Laboratories generated $1.1 billion in revenue.
3. Alkem Laboratories Ltd.
Number of Employees: 17,000
Alkem Laboratories is a pharmaceutical company with international operations. The business creates, produces, and markets pharmaceutical and nutraceutical goods. It has built a strong market position in anti-infective, gastrointestinal, pain management, vitamins, minerals, and nutritional areas, as well as acute treatment. Branded Generics, Generic Drugs, API Nutraceuticals, and Biosimilars are among the company’s product offerings. As of March 31, 2022, Alkem had 21 production facilities—19 in India and 2 in the US. Clavam, Pan 40, Taxim-O, Taxim-D, Taxim Injection, Gemcal, A to Z Tabs, Ondem, Xone, Sumo, Zocef, Pipzo, Swich, Xone XP, and Uprise D3 are some of its top brands.
4. Glenmark Pharmaceuticals Limited
Number of Employees: 15,415
Glenmark Pharmaceuticals Limited develops, produces, and markets pharmaceutical products in India, North America, Latin America, Europe, Japan, and globally through its subsidiaries. In the therapeutic fields of dermatology, respiratory, and cancer, the firm offers both branded and generic formulations and different active pharmaceutical components. The company operates 14 production plants in Argentina, the Czech Republic, India, and the US. Numerous regulatory agencies inspect these facilities, such as the US-FDA, MHRA UK, and ANVISA Brazil. In addition, being a research-driven company, Glenmark Pharmaceuticals Limited has also made investments in special R&D facilities for international markets. Glenmark Pharmaceuticals Limited brought in $1.48 billion in sales in FY 2022.
5. Biocon Limited
Number of Employees: 14,750
Biocon Limited (NSE:BIOCON.NS) makes drugs, therapeutic compounds, and herbal items. Generics, Novel Biologics, Biosimilars, and Research Services are among the company’s segments. Its primary focus areas include diabetes, cancer, immunology, ophthalmology, and bone health issues. It also offers comprehensive services for the research, development, and manufacture of both small and large molecules. The company provides customer assistance in around 120 countries, including Europe and the US. INSUGEN (rh-insulin), BASALOG (Glargine), BIOMAb EGFR (Nimotuzumab), BLISTO (Glimepiride + Metformin), CANMAb (Trastuzumab), Evertor (Everolimus), TACROGRAF (Tacrolimus), ALZUMAb (Itolizumab), and KRABEVA (Bevacizumab) are some of Biocon’s most important brands in India. The company’s consolidated revenue grew 14% to $1.1 billion in FY22.
6. Abbott India Limited
Number of Employees: 14,000
Abbott India Limited, located in Mumbai, is a publicly traded corporation and a subsidiary of Abbott Capital India Limited. It has one of the quickest rates of growth among Indian pharmaceutical businesses. The business offers trustworthy, high-quality drugs in various therapeutic areas, such as women’s health, gastroenterology, cardiology, metabolic disorders, central nervous system, pain management, pre-term labor, vitamins, sleeplessness, vaccinations, consumer health, etc. Thyronorm, Eptoin, Duphaston, Duphalac, Vertin, Udiliv, Heptral, Digene, Cremaffin, and Prothiaden are some of its well-known trademarks.
7. Torrent Pharmaceuticals Limited
Number of Employees: 13,900
Torrent Pharmaceuticals Limited is the main company of the Torrent Group and is one of the leading Pharma companies in India. The firm is among the leaders in the therapeutic area of cardiovascular, central nervous system, gastrointestinal, and women’s healthcare. Torrent Pharmaceuticals Limited in India originally introduced the idea of specialty marketing. The company is also well-represented in cancer, anti-infectives, diabetology, and pain treatment categories. Additionally, Torrent Pharma has a significant global footprint that spans 40 nations, with activities in developed and rising areas such as the US, Europe, Brazil, and the rest of the globe. The company operates through its 12 fully-owned subsidiaries, having a presence in 40 countries. In 2022, the company’s revenue was $1.1 billion.
8. Piramal Enterprises Limited
Number of Employees: 13,561
Piramal Enterprises Limited conducts operations in the financial services and pharmaceutical industries in India, North America, Europe, Japan, and other countries. Financial Services and Pharmaceuticals Manufacturing and Services are two of its operating segments. The business provides contract development and manufacturing services, such as drug discovery, production, and manufacturing of active pharmaceutical ingredients and formulations, as well as drugs for intrathecal spasticity management, inhalation and injectable anesthesia, injectable pain, antibiotics, and other medications.
9. Emcure Pharmaceuticals
Number of Employees: 9,000
Emcure Pharmaceuticals Limited is a multinational pharmaceutical firm based in Pune, India. Emcure’s product line includes tablets, capsules, and injectables. Emcure Pharmaceuticals’ product portfolio, which has a strong chronic and sub-chronic emphasis, includes all the key medicines and is the industry leader in fields including women’s health, blood-related illnesses, HIV, anti-infectives, cardiac care, and vitamins. Emcure Pharmaceuticals has distribution channels and a network that reaches over 70 countries. In addition, the company has 14 production plants and 5 R&D centers. Emcure Pharmaceuticals Limited generated revenue of $730 million in FY 2022.
10. Intas Pharmaceuticals Limited
Number of Employees: 8,000
Intas Pharmaceuticals Limited is an Indian pharmaceutical company headquartered in Ahmedabad. It produces generic medications as well as contracts clinical research and production. It operates 18 production sites, 15 of which are in India and the remainder in the United Kingdom and Mexico. Intas has a presence in more than 85 countries and is expanding at a CAGR of over 22%.
11. Dr. Reddy’s Laboratories
Dr. Reddy’s Laboratories was founded by Anji Reddy in 1984. It is an Indian multinational pharmaceutical company. It is known for manufacturing a wide range of pharmaceuticals in India and overseas. They have over 190 medications, 60 active pharmaceutical ingredients for drug manufacturers, diagnostics kits, critical care, and biotechnology products. It is India’s fifth-largest company of pharmaceuticals and has a revenue of US$2.4 billion in 2020. The notable products of Dr. Reddy’s include Canagliflozin. Ramipril, Ibuprofen, Naproxen, Atorvastatin, Nizatidine, Naproxen Sodium, etc.
12. Cipla Limited
Cipla is an Indian multinational pharmaceutical and biotechnology company, which has its headquarters in Mumbai and was established in 1935 by Khwaja Abdul Hamied. Yusuf Hamied is the Non-Executive Chairman of Cipla. It is India’s fourth-largest pharma company based on overall revenue. This pharmaceutical company in India focuses to develop medicines to treat respiratory, cardiovascular diseases, arthritis, diabetes, weight control, depression, and many more.
Cipla has a revenue of $2.9 billion in 2022 and has more than 22,036 employees. The subsidiaries of Cipla are Invagen Pharmaceuticals. They are the largest manufacturer of antiretroviral drugs.
13. Torrent Pharma
Torrent Pharmaceuticals is a leading Indian multinational pharmaceutical company that specializes in the production of generic drugs and active pharmaceutical ingredients. It is based in Ahmedabad and has a revenue of US $1.1 billion, as of 2022. Torrent has manufacturing plants at Dahej, Pithampur, Gujarat, and Madhya Pradesh. Torrent Pharma makes medicinal drugs for Central Nervous System, gastrointestinal pain management, gastrointestinal diabetology, and anti-infective segments. It is committed to providing high-quality and affordable healthcare solutions to patients across the world.
14. Zydus Lifesciences Limited
Zydus Lifesciences Limited (formerly Cadila Healthcare) was founded in 1952 by Ramabhai Patel. It is also known as Zydus Cadila. It is an Indian pharmaceutical company headquartered in Ahmedabad. It is one of the largest pharma companies in India and has a revenue of US $1.9 billion in 2022.
Zydus Lifesciences Limited is also known for excellent diagnostics, along with being a manufacturer of herbal, skincare, and other OTC products. The company also produces generics for hepatitis C treatment, based on the voluntary license agreement with Gilead. Cadila makes API at three sites in India that are Ankleshwar plant, Vadodara plant, and Patalganga.
15. Aurobindo Pharma Limited
Aurobindo Pharma Limited was established in 1986. It sells over 300 products in over 125 countries and its key segment is APIS, as 35% of the total revenue is generated from API. It is the second-biggest pharmaceuticals company in India and has a revenue of US $2.9 billion in 2022. Aurobindo Pharma Limited is engaged in the manufacturing and selling of medicines in the field of neurosciences, cardiovascular, Antiretrovirals, anti-diabetics, gastroenterology, cephalosporins, etc.
FAQs Related Top Pharmaceutical Companies in India
The largest pharmaceutical company in India can vary depending on the criteria used for evaluation. However, Sun Pharmaceutical Industries Ltd and Dr. Reddy’s Laboratories Ltd are often considered among the largest pharmaceutical companies in terms of revenue and market capitalization.
India is home to numerous pharmaceutical companies, ranging from large multinational corporations to small and medium-sized enterprises. The exact number of pharmaceutical companies in India may change over time due to mergers, acquisitions, and new company formations.
Several Indian pharmaceutical companies have a significant presence in the United States and export their products to the American market. Some of the leading Indian pharma companies exporting to the US include Sun Pharmaceutical Industries Ltd, Dr. Reddy’s Laboratories Ltd, Lupin Ltd, Cipla Ltd, and Aurobindo Pharma Ltd.
Indian pharmaceutical companies have gained recognition and a strong foothold in the global market. Companies like Sun Pharmaceutical Industries Ltd, Dr. Reddy’s Laboratories Ltd, and Lupin Ltd are among the top generic drug manufacturers globally. Their products are exported to various countries, and they have established a presence in international markets.
The pharmaceutical industry is dynamic, and companies often engage in acquisitions, partnerships, and strategic collaborations to expand their portfolios and market reach. It’s recommended to refer to recent industry news or updates to get the most up-to-date information on the latest developments by Indian pharmaceutical companies.