We take medicines to ensure quality health but do we exactly know anything about who and where they are developed, certainly not! There are various pharmaceutical industries out there, formulating new medicines to combat a cascade of illnesses and diseases that are taking a toll on human well-being. That said, India contributes about 60 percent of vaccine manufacturing globally and is also among the world’s third-largest drug producers by volume.
Top 10 Pharma Companies in India
It is the only country to supply affordable and low-cost generic drugs to people across several countries and operates more than 250 US Food and Drug Administration and UK Medicine and Healthcare products Regulatory Agency approved plants. Many countries are said to rely on India for large-scale production and supply of coronavirus vaccine once it begins to roll out.
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Well, India is home to about 3,000 pharma companies but the ones that are listed under the top 10 are:
10. Abbott India Ltd.
Founded in 1944, Abbott India Limited is a subsidiary of Abbott Laboratories USA whose headquarters lies in Mumbai. It has a state-of-the-art formulation plant at Verna, Goa which is specifically designed to produce high quality, high volume formulations. The revenue of the company in FY 2018 was INR 34.24 billion, approximately 14.29% higher than the previous FY year. The company has delivered some of exceptional branded generic pharmaceuticals, diagnostics, medical devices, and nutrition.
9. Cadila Healthcare Ltd.
Cadila Healthcare Ltd is a research-oriented pharmaceutical company whose main interest lies in areas of biotechnology formulations and Active Pharmaceutical Ingredients. It is the sixth-largest pharmaceutical company in India based on the overall revenue. The company is often seen to be working on principles of NCEs, vaccines, biosimilars, and specific niche technologies.
8. Lupin Ltd.
Established in 1968, Lupin is a worldwide pharmaceutical company whose key segments are APIs and Formulations. The company manufactures and markets pharmaceutical products across India, Japan, Brazil, Mexico, and the U.S. Its involvement in various growth therapies including Cardiology, Central Nervous System, Diabetology, Respiratory, Gynecology, Anti-Infective, Gastro-Intestinal, and Oncology has bought a great revolutionary in the entire market.
7. Torrent Pharmaceuticals Ltd.
Torrent Pharma is the flagship company of Torrent Group whose significant interests lie in therapeutic areas of cardiovascular (CV) and central nervous system (CNS). Only a fraction of APIs manufactured is sold to the external consumers as most of them are consumed at the company’s facilities itself. The company’s revenue was INR 63.01 billion in FY 2018 ranking ninth among pharmaceutical companies based on overall revenue.
6. Biocon Ltd.
What started as an enzyme venture came out to become a fully-integrated Biopharmaceutical company in less than a span of two decades. Biocon is considered to be Asia’s largest biotechnology company catering crucial products to different healthcare segments. Its drug portfolio consists of lovastatin, simvastatin, pravastatin and atorvastatin. Moreover, the company ranks eleventh in terms of overall revenue in India.
5. Divis Laboratories Ltd.
Founded in 1990, Divis Laboratories Ltd. is a dominant player in the segments of Active Pharma Ingredients, Nutraceuticals, and intermediates. The company has four manufacturing facilities and a market presence across the globe. M/s. Divis Laboratories (USA) Inc., in the United States of America and M/s. Divi’s Laboratories Europe AG in Switzerland are its two subsidiaries. The company generates about 90% of revenues from Europe and the US alone.
4. Aurobindo Pharma Ltd.
Established in 1986, Aurobindo Pharma Ltd. is one of the world’s top 5 manufacturers of semi-synthetic penicillins. The company’s product portfolio is rolled over 6 major product areas embracing antibiotics, Antiretrovirals, CVS, CNS, Gastroenterological, Anti-Allergics with around 65 APIs and about 55 APIs in the antibiotic segment. The company had a revenue of INR 164.99 billion in FY 2018, the second-largest in India.
3. Dr. Reddy’s Laboratories Ltd.
Dr. Reddy’s Laboratories Ltd. was founded in 1984 as an Indian Multinational Pharmaceutical company to market a wide range of pharmaceuticals in India as well as overseas. Currently, the company has more than 190 drugs, 60 APIs for drug manufacture, biotechnology products, and diagnostic kits. It even carried out final-stage clinical trials of Russia’s Sputnik V COVID-19 vaccine in India.
2. Cipla Ltd.
Cipla was founded by Dr. K.A. Hamied in 1935 to focus on the development of new formulations. It is considered to be the therapy leader for anti-malarial in India from where it gains a market share of about 34%. It was the first company in India to manufacture ampicillin in 1968. It has also received approval for its product Q-TIB, a novel fixed-dose combination in a single tablet, from WHO.
1. Sun Pharmaceutical Industries Ltd.
Established by Mr. Dilip Shanghvi in 1983, Sun Pharmaceutical Industries Ltd. is a multinational company that markets products to treat psychiatry ailments. The company expanded its formulations over years and currently is active in various therapeutic areas, such as cardiology, psychiatry, neurology, gastroenterology, and diabetology. Moreover, it also supplies APIs, anti-cancer drugs, peptides, steroids, sex hormones, and many other regulatory drugs.
Which is the No 1 pharma company in India?
Sun Pharmaceutical Industries Ltd. is considered to be the No 1 pharma company in India.
Why is medicine so cheap in India?
Medicines in India are cheap due to low manufacturing costs and also due to the fact that any potential competitor can directly sell the generic copies of the drug without investing a penny in R&D.
Is India the pharmacy of the world?
Indian pharma industry due to its participation in delivering high-quality generic drugs globally is popularly known as ‘pharmacy of the world’.
This was all about the list of Top 10 pharma companies in India. It’s gratifying to know that India is a hub to various pharmaceutical companies and that it has played a dominant role in the manufacturing and delivering important cost-effective drugs all across the globe. All of these companies produce affordable medicines to meet the demands of people all around.
Which of the above-mentioned companies you already knew about? Whose medications do you think benefits the most? Tell us in the comment section below.