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India is well-known for establishing a strong foothold in the global pharmaceutical business. It has expanded considerably in recent years. There are over 60,000 generic brands in 60 therapeutic areas. India’s Pharma companies generate about 500 different active pharmaceutical ingredients (APIs). Over 50% of Africa’s need for generic drugs is met by India, as is 40% of generic drug requirements in the US and 25% of all pharmaceuticals in the UK. India has over 3,000 pharmaceutical companies. The pharma sector owns 10,500 production plants for pharmaceuticals and is currently worth $11 billion.
Here, we’ve included a listing of some of the top pharmaceutical firms operating in India that produce excellent drugs and dominate the country’s pharmaceutical industry on the basis of their revenues.
Founded:1983 Headquarters: Mumbai Revenue: $5.2 billion (2022)
Sun Pharmaceutical Industries was founded by Dilip Sanghvi. The company holds the top position on the list of the largest pharmaceutical companies in India. The company produces and markets active pharmaceutical ingredients and pharmaceutical preparations worldwide. The active pharmaceutical ingredients include baricitinib, brivaracetam, and dapagliflozin, and they cater to a wide range of therapeutic niches.
Founded:1986 Headquarters: Hyderabad Revenue: US$3.04 billion(2022)
In 1986, Aurobindo Pharma was founded by V. Ramprasad Reddy and K. Nityananda Reddy. The business produces both active medicinal components and generic medications. Six key therapeutic and product areas make up the company’s field of operation: gastroenterology, allergy and immunology, antiretrovirals, cardiovascular products, and medicines for the central nervous system. These goods are sold by the firm in more than 125 nations. Its marketing collaborators include Pfizer and AstraZeneca. In 2022, the corporation generated revenues of $3.04 billion.
Founded:1984 Headquarters: Hyderabad Revenue: $2.9 billion (2022).
Dr. Reddy’s laboratories began manufacturing active medicinal components in 1984. Dr. Reddy’s laboratories produce and sell a variety of medications both nationally and internationally. Over 190 drugs and 60 active pharmaceutical ingredients (APIs) for the production of pharmaceuticals, test equipment, critical care, and biotechnology are all available from the company. Canagliflozin is one of Dr. Reddy’s well-known products. Naproxen sodium, atorvastatin, ibuprofen, naproxen, and ramipril are a few more. In 2022, the company generated
$2.9 billion in revenue.
Founded:1935 Headquarters: Mumbai Revenue: US$2.7 billion (2022).
Khwaja Abdul Hamied established Cipla as “The Chemical, Industrial, and Pharmaceutical Laboratories” in 1935. Cipla aims to create medications to treat a variety of illnesses, including arthritis, depression, respiratory problems, and many others. Cipla offers its pharmaceuticals in 86 countries and has 47 manufacturing facilities across the world.
The company’s revenue estimate for 2022 was $2.7 billion.
Also Read:Top 10 Indian origin, BA/BE CROs to look upon in 2022Top 10 companies that are spearheading the biopharma industry Unveiling the Top 10 CROs to Watch Out for in 2023
Founded:1968 Headquarters: Mumbai Revenue: US$2.1 billion (2022).
In 1968, Desh Bandhu Gupta founded Lupin. It is one of the well-known pharmaceutical producers in India. In 2022, Lupin will have revenues of $2.1 billion. The business produces and sells medications for a variety of conditions, including asthma, diabetes, cardiovascular disease, anti-infectives, and tuberculosis. The USA, India Region Formulations, Europe, Japan, South Africa, Australia, the Philippines, Mexico, Latin America, and other regions are Lupin Limited’s main markets.
Founded: 1952 Headquarters: Ahmedabad Revenue: US$1.9 billion (2022).
Cadila Healthcare Limited also goes by the name Zydus Cadila. It is a pharmaceutical firm with its main office in Ahmedabad, India. It is among the biggest pharmaceutical firms in India and generated $1.9 billion in revenue in 2022. Ramabhai Patel established the organization. Zydus Cadila creates and produces a wide variety of medications, diagnostics, herbal remedies, cosmetics items, and other over-the-counter (OTC) goods.
Founded:1977 Headquarters: Mumbai Revenue: US $1.5 billion (2022).
Glenmark Pharma Limited was founded by Gracias Saldanha and has its roots in Mumbai, India. Glenmark was established with the goal of becoming a major, integrated, research-based global pharmaceutical corporation and has customers in many countries. This pharmaceutical business specializes in drug discovery, which is significant in the therapeutic areas of dermatology, respiratory medicine, and oncology. In 2022, the company generated $1.5 billion in revenue.
Founded:1959 Headquarters: Mumbai Revenue: US$1.4 billion (2022).
Alkem Laboratories, founded in 1973, the brand offers high-quality labeled generics, generic pharmaceuticals, medicinal products, and health supplements in India and over 50 countries worldwide. It also supplies in Germany, Australia, South-East Asia, the United States, the United Kingdom, Russia-CIS, and Africa. The company offers medications for various conditions, including disorders of the central nervous system, gastrointestinal illnesses, and, metabolic diseases including diabetes, cancer, etc. In 2022, the company generated $1.4 billion in revenue.
Founded:1990 Headquarters: Hyderabad Revenue: US$1.1 billion (2022).
A worldwide pharmaceutical firm based in India, Divi’s Laboratories Limited manufactures intermediates and active pharmaceutical components. Murali Devi started Divi Laboratories Limited, which offers products in various countries, including Japan, the USA, Australia, South Africa, and the Philippines. In 2022, the company generated $1.1 billion in revenue.
Founded:1959 Headquarters: Ahmedabad Revenue: US$1.1 billion (2022).
Torrent is among the leading pharmaceutical firms in India and was started by Sudhir Mehta. Its headquarters are in Ahmedabad, and as of 2022, it generated US$1.1 billion in revenue. More than 40 countries are served by Torrent Pharmaceuticals, which has more than 2000 registered products worldwide. Cardiovascular (CV), central nervous system (CNS), gastroenterology, diabetology, anti-infective, and pain management therapeutic areas are active for Torrent Pharma.