India enjoys a major position in the global pharmaceutical industry. The country is the world’s largest supplier of generics, accounting for almost 20% of global export. The global pharmaceutical market is expected to exceed USD 1.5 trillion by 2023 and this could bring a boom to the US and emerging economies. India contributes 50% of the global need for various vaccines and 40% of the order for generic products in the US. India’s pharmaceutical export beard US$ 10.80 billion in FY20 and expected to reach US$22 billion by 2020. The low cost of production of Indian Pharma companies has led to competitive export. Increasing private sector investment in R&D is driving the growth of the sector. India’s Pharma vision of 2020 is aiming to make India a global leader in drug manufacturing. There are more than 200 pharmaceutical companies in India holding 65% of the share market. It is expected above 7500 small scale industries are present in India and they mainly supply OTC medicines. These medications are used to treat common cold and fever. In addition to that, India is the world leader of DMFs applications with the US. Apart from this, our country stands 2nd in providing a large number of Abbreviation New Drug Applications. Here are given the list of top 12 pharma companies ranked based on net profit, revenue, total asset, and market share.
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1. Sun Pharmaceuticals Industries Ltd
Sun Pharmaceuticals is an Indian multinational pharmaceutical company headquartered in Mumbai and they manufacture and sell pharmaceutical formulations and active ingredients in India and the US. The company was founded by Dilip Sanghvi in 1983 offering medicines to treat psychiatric ailments. By 2014, they acquired Ranbaxy, one of the topmost pharma companies in India. They are one of the largest pharma companies with a revenue of INR 7947 Cr and holds market capital of 138489 Cr. The firm has a manufacturing unit in Mexico, Israel, and Brazil. The pharma company offers formulation for various therapeutic areas like cardiology, neurology, diabetology, gastroenterology, and psychiatry. They provide APIs for anti-cancer, steroid, sex hormones, peptides, and controlled substances.
2. Cipla
Cipla is a leading pharmaceutical company based in India with a presence across the globe. Cipla was founded by Dr. KA Hamied and the firm is the therapy leader in India for anti-malarial and holds a market share of over 34%. The company was established in 1935 headquartered in Mumbai. The multinational firm initially developed medicines to treat arthritis, respiratory, cardiovascular disease, weight control, depression, and diabetes. The company was acquired by a South African pharma company Cipla-Medpro in 2013, and at present, they use the firm as a subsidiary. Cipla is situated more than 7 locations in India and they have 34manufacturing units across the country. The company has revenue of INR 11,444 Cr and market capital of INR 49204 Cr.
3. Lupin
Lupin is a leading pharmaceutical company in India established in 1968 headquartered in Mumbai Maharashtra. The pharmaceutical firm was founded by Desh Bandhu Gupta and he worked hard for the growth of the company. The company’s key business segments are APIs and formulations and the firm has shown its presence in various growth therapies like cardiology, respiratory, gynecology, oncology, anti-infective, central nervous system, gastrointestinal and diabetology. They are the third-largest pharmaceutical company in India with a total sale of Rs 16718 Cr. Lupin has manufacturing facilities across India, Japan, the USA, Mexico, and Brazil. They sell their products across 70 countries including South Africa, Europe, Japan, Australia, and the Philippines.
4. Aurobindo Pharma Ltd
Aurobindo pharma ltd is a company founded in 1988 and based at Hyderabad and they stand one of the best compared to their competitors. The pharmaceutical company was founded by PV Ramaprasad Reddy and the company commenced its operation with a single unit manufacturing semi-synthetic penicillin at Pondicherry. The company is quite strong in 6 various therapeutic areas like CNS, cardiovascular, antibiotics, anti-allergic, antiretroviral and gastroenterological. The key business segment includes APIs, formulation, and packaging. The company sells more than 300 products in over 125 countries. Around 35% of sales are generated through APIs, 65% of revenue is generated from formulation business and 63% through sales from the US.
5. Dr Reddy’s Laboratories Ltd
Dr. Reddy’s laboratories ltd is a multinational pharma company founded by Anji Reddy who previously worked Indian drugs and pharmaceuticals limited, Hyderabad. The company founded in 1984 is headquartered in Hyderabad and they manufacture a wide range of pharmaceuticals India and abroad. They manufacture more than 180 medicines and 50 active pharmaceutical ingredients. Dr. Reddy Laboratories was named among the top 1200 most trusted pharmaceutical brands as per the report. The company has 7 manufacturing plants across India and they expanded their operations to Russia in 1992. The pharma company has a net profit of INR 566 Cr and revenue of INR 9359 Cr.
6. Cadila Healthcare
Zydus Cadila Healthcare is India’s largest pharmaceutical company founded in 1952 providing total healthcare solutions ranging from formulation, active ingredients, animal healthcare products, and wellness products. The company headquartered in Ahmedabad was founded by Ramanbhai Patel and they are the 6th largest pharma company in terms of revenue, market capital, and profit. The group has a manufacturing plant across 5 states in India and the US and Brazil. Globally the company has a strong presence regulating markets in the US and Europe. Their products have greater demand in the high profile market of Latin America and South Africa. The company has total sales of INR 6500 Cr and market capital of INR 26228 Cr.
7. Glenmark Pharmaceuticals Ltd
Glenmark was founded in 1977 and the pharmaceutical firm is headquartered in Mumbai. The company export and sells products for more than 70 countries globally. The founder of the firm is Gracias Saldanha and he named the firm after his sons Glen and Mark. The firm is engaged in developing new chemical entities, and new biological entities. They are one of the leading pharmaceutical companies with more than $1.25 billion in sales in India. The company is currently developing drugs in the field of dermatology and other respiratory diseases. They have 17 manufacturing facilities and 5 R&D centers across the globe.
8. Intas Pharmaceuticals Ltd
Intas pharmaceuticals were established in 1984 and it remains the 8th largest pharma company based on overall revenue. The firm has 14 formulations manufacturing plants of which 7 is located in India and the remaining in the US and Mexico. The company R&D department efforts developing medicines for chronic diseases like oncology, rheumatology, nephrology, ophthalmology, auto-immune and plasma-derived product based therapies. The company revenue in FY 2018 was INR 108.86 billion.
9. Torrent Pharmaceuticals Ltd
Torrent pharmaceutical is one of the leading companies in India established in 1959. The firm is active manufacturing and marketing generic formulations. For the last 15 years, the pharma company has been producing Insulin for Novo Nordisk Indian operations. The company initiated the concept of niche marketing in India and now they are the leaders providing medicines for the segment of cardiovascular, central nervous system, women health care and gastrointestinal. The market capital of the company is INR 35,530 and has total net sales of INR 5762 Cr. Torrent pharma has top-notch manufacturing facilities with advanced R&D facilities and extensive domestic network. The company is widespread across 40 countries.
10. Alkem Laboratories Ltd
Alkem laboratories were established in 1973 and the company markets high-quality generic drugs for over more than 50 countries internationally. The company covers major therapeutic segments and holds a robust pan-India sale and distribution network. The pharma company is ranked 10th in terms of domestic sales. The top anti-infective company in India formulate drugs in the therapeutic segment of gastrointestinal, pain management and vitamins. Some of their iconic brands include Clavam, Pan, Pan-D, Taxim, and Taxim-O. They have 21 manufacturing units spread across India and the US.
11. Divi’s Laboratories Ltd
Divi’s laboratory was founded in 1990 and the business segment is involved in manufacturing active pharma ingredients, nutraceuticals, and intermediates. The pharma company exports 90% of drugs overseas and only 10% is consumed in India yearly. The company procures 90% of its revenue from developed countries like Europe and the US. The pharma industry is engaged in manufacturing, APIs intermediates, and nutraceutical ingredients. Divi is headquartered in Hyderabad and they have 2 manufacturing units. The company has a market capital of INR 57,919 Cr and total net sales of INR 4880 Cr.
12. Biocon Limited
Biocon is a popular Indian pharmaceutical company headquartered in Bengaluru. The company was established in 1978 and the head of the firm is Arun Suresh Chandavarkar. Initially, the firm emerged into the biotechnological segment and in less than two decades; it fully integrated into a biopharmaceutical firm. The parent companies are Syngene International Limited, Biocon Research Limited, Biocon Biopharmaceuticals private limited, Switzerland and Malaysia based Biocon. The company has an overall revenue of INR 2419 Cr and net profit of INR 238 Cr. The company owns a 50% share in Abu Dhabi based NeoBiocon FZ.