Which Are The Top 10 Pharma Companies In India?

India has become a hub for generic medicines in the world. It holds a market share of 20% and meets virtually 60% of the vaccine requirement of the world. Also, the pharmaceutical companies in India supply 80% of antiretroviral drugs utilized for the treatment of AIDS in the international market.

The international pharmaceutical market will become USD 1.5 trillion market by 2023, and India holds a vital position in the global market. The US relies on Indian pharmaceutical exporters for more than 50% of its vaccines and 40% of its demand for generic products.

Also, pharmaceutical spending in India is anticipated to reach 28-32 billion USD from 8-11% CAGR during 2019-23. Indian companies play a crucial role in the growth and development of the international pharmaceutical market. And it will continue to remain critical for the pharma industry worldwide.

Here’re the top 10 pharma companies in India that have made their presence felt in the international market. They provide formulations in numerous biotechnology products, diagnostic kits, and much more to the world.

1. Sun Pharmaceutical Industries Ltd

Founded in 1983 in Vapi, Goregaon, Mumbai, it makes drug formulations and active ingredients and sells its products in India & the US. Its overall sales figures are anticipated to be over 29066 crores. Sun pharma produces formulations used in therapeutic fields, including cardiology, neurology, gastroenterology, diabetology, and psychiatry. It also produces anti-cancer medicines, peptides, steroids, sex hormones, etc.

2. Dr. Reddy’s Laboratories Ltd

One of the top pharma companies in India, Dr. Reddy's offers more than 190 drugs and 60 APIs for manufacturing biotechnology products, critical care, and diagnostic kits. Starting in 1984, the company has seven active manufacturing plants in India. Also, it has expanded its operations to Russia in 1992. During the pandemic time, Russia involved Dr. Reddy in final-stage clinical trials of its Sputnik V COVID-19 vaccine in India. The company was supposed to produce 100 million doses after a successful trial.

3. Divi’s Laboratories

It is a trustworthy name in manufacturing APIs, Intermediaries, and Nutraceutical ingredients for exporting to the world market. One of the leading pharma companies in the country, it runs three manufacturing and three R&D units. Founded in 1990, it is amongst the youngest firms that export drugs to countries including the USA, Europe, Japan, South Africa, Australia, and the Philippines.

4. Cipla

Cipla is a renowned name in the pharmaceutical industry for making generic medicines of top quality, and it shouldn’t be surprising to know that both healthcare professionals and patients rely on this firm for medicines. Spread in over 150 countries, the company has over 2000 formulations to offer for various needs. Recently it has strengthened its position in the international market, especially in India, the US, and South Africa.

5. Aurobindo Pharma

Founded in 1988-89 in Pondicherry, it started with a single-unit manufacturing Semi-Synthetic Penicillin. But it soon became a public entity in 1992. And, today it produces formulations for key medical sectors, including cardiovascular, antiretrovirals, neurosciences, anti-biotics, and gastroenterology. It has a multi-product portfolio with a massive product range to cater to the needs of domestic as well as international markets. This company exports drugs to over 150 countries.

6. Torrent Pharmaceuticals

Founded in 1959, it is a leading name in the therapeutic sector of women’s health care, cardiovascular, central nervous system, and gastrointestinal. It has high-end manufacturing units, and advanced R&D facilities to cater to an extensive domestic and international market. One of the top pharma companies in India, it has a presence in over 40 countries.

7. Lupin Ltd

The company has become a crucial player in providing non-steroidal anti-inflammatory drugs, cardiovascular, CNS, gynecology, asthma, pediatric, diabetology, gastrointestinal, and anti-infective drugs. Lupin Ltd is considered a leader in the anti-TB and Cephalosporins sectors. Spread in over 100 countries, it provides top-quality budget medicines for some of the most persistent diseases. Today Lupin Ltd has become a multinational company with a presence in India, Japan, Brazil, Mexico, and the US.

8. Zydus Cadila Healthcare

One of the oldest players in the pharmaceutical industry of India, Zydus has a strong presence in regulated markets of the US, Europe, South Africa, and Latin America. It has 19 research sites working on distinguished medicines, including vaccines, biosimilars, and specific niche technologies. Its research facilities are included in Gujarat, Maharashtra, Goa, Himachal Pradesh, and Sikkim. Also, it has research facilities in the US and Brazil.

9. Abbott India

It is a public sector company providing drugs for neurology, thyroid, diabetes, urology, health supplements, pain management, and women’s health. Also, it has brought breakthrough products in branded generic medicines, healthcare machines, diagnostics, and nutrition. Founded in 1944 in Mumbai, the firm has earned a good name in medical research and production.

10. Alkem Laboratories

Founded in 1973, the company is a renowned name in manufacturing top-quality generics and generic medicines. It also makes APIs and nutraceuticals and supplies all its products to over 50 countries around the world. The company is placed among the top 10 pharmaceutical companies in India as per domestic sales in the last decade. Also, it has been the No. 1 anti-infective company in the country. Presently the firm has an impressive portfolio of over 750 brands that cover all major medical sectors. Also, it has developed a durable pan-India presence and distribution network.