Top 10 Pharma Companies in India 2020
Currently, India is the largest provider of generic medicines, holding a market share of 20% to worldwide supply by volume and meets virtually 60% of the vaccine requirement around the world. Indian pharmaceutical companies also supply 80% of antiretroviral medications (utilized in fighting AIDS) in the international markets.
The ongoing pandemic has created an increase in healthcare centers, due to which new and old pharmaceutical firms in India have catered to the enormous need of the society.
The international pharmaceutical market is anticipated to surpass USD 1.5 Trillion by 2023. India enjoys a vital position in the worldwide pharma market. India provides more than 50% of the worldwide need for different vaccines and 40% of the demand for generic products in the United States.
India’s pharmaceutical spending is expected to expand at 8-11% CAGR during 2019-23 to reach 28-32 Billion US dollars.
The Top 10 Pharma Companies in India in the year 2020 are:
1. Sun Pharmaceutical Industries Ltd
|Revenue||30,091.4 crores INR (US$4.2 billion, 2019)|
|Number of employees||32,000 (2019)|
|Subsidiaries||Ranbaxy Laboratories, Pharmalucence, Inc., etc|
Sun Pharmaceutical Industries Ltd is an Indian multinational pharmaceutical company ranked among the top 10 pharma companies, which produces and sells pharmaceutical formulations as well as active pharmaceutical ingredients (APIs) in India as well as the U.S. The overall sales of the firm are Rs 29066 Crores. The company is one of the most trusted and reputable pharma firms in India.
Sun Pharma provides formulations in numerous therapeutic fields, such as cardiology, diabetology, neurology, gastroenterology, and psychiatry. The company also supplies APIs such as etodolac, clorazepate, carbamazepine, and warfarin. It also provides anti-cancer drugs, peptides, steroids, sex hormones, etc.
The firm supplies more than 2000 formulations as well as exports in various other nations too. The Entrepreneur of the Year Award from All India Management Association (AIMA) In 2017 was awarded to Sun Pharma.
Features of Sun Pharmaceuticals:
- World-class research and development facilities.
- Own API’s
2. Dr. Reddy’s Laboratories Ltd
|Founder||Kallam Anji Reddy|
|Revenue||17,460 crores INR (US$2.4 billion, 2019–2020)|
|Number of employees||21,966 (2019)|
Dr. Reddy’s Laboratories is an Indian multinational pharma firm. The company produces as well as markets a wide variety of pharmaceuticals in India and abroad. The firm has more than 190 drugs, 60 APIs for drug manufacture, biotechnology products, critical care, and diagnostic kits.
The firm has seven active manufacturing plants across India. The company made its first move and expanded its operations to Russia in 1992.
To fight this battle of COVID-19 pandemic, Dr. Reddy’s Laboratories agreed to perform final-stage clinical trials of Russia’s Sputnik V COVID-19 vaccine in India. They are supposed to produce up to 100 million doses after the successful completion of clinical trials and regulatory clearances.
3. Divi’s Laboratories
|Number of employees||15000|
|Subsidiaries||Divis Laboratories (USA), Inc., Divi’s Laboratories Europe AG|
Divis Laboratories manufactures APIs, Intermediates, and Nutraceutical ingredients with predominance in exportation.
Divi Laboratories has two manufacturing systems and is amongst the leading pharma companies in the country.
Due to its market value, it has entered into the top list of Pharma Companies in India. They have three manufacturing and 3 Research and development units.
Divi’s Labs is among the youngest firm, which leads to being in the list of leading Pharma Companies. The Company exports the products to nations like the USA, Europe, Japan, South Africa, Australia, and the Philippines.
|Founder||Khwaja Abdul Hamied|
|Revenue||17,476.19 crores INR (US$2.5 billion, 2020)|
|Number of employees||22,036|
|Subsidiaries||Sitec Labs Pvt. Ltd., Cipla Health Limited, Meditab Specialities Pvt. Ltd., etc|
Cipla is a leading worldwide pharmaceutical firm, committed to generic medicines of top quality. The firm is relied on by healthcare professionals as well as patients throughout the world.
The company supplies a wide range of medicines. The company has got a prominent position in the Indian market as well as global market. The company is spread in more than 150 countries.
For adhering to the highest quality standards, the company has earned worldwide recognition as well as received approvals from major global regulatory agencies.
Features of Cipla:
- The Company provides more than 2000 formulations.
- The company covers areas like neurology, nephrology, and diabetogenic.
- The company provides the best quality products.
The firm has enhanced global focus by consolidating and strengthening presence in the important markets of India, the US, and South Africa.
5. Aurobindo Pharma
|Founder||P. V. Ramprasad Reddy, K. Nityananda Reddy|
|Revenue||13,650 crores INR (US$1.9 billion, 2017)|
|Number of employees||19,000 (March 2017)|
|Subsidiaries||Aurobindo Pharma USA, Novagen Pharma (pty) Ltd. AuroZymes Limited, etc|
Aurobindo Pharma started operations in 1988-89 with a single unit manufacturing Semi-Synthetic Penicillin at Pondicherry.
The company became a public company in 1992. Along with Semi-Synthetic Penicillins, the company has a presence in key therapeutic segments such as cardiovascular, anti-retrovirals, neurosciences, anti-biotics, gastroenterology, anti-diabetics, anti-Allergics, etc.
The company exports its products to more than 150 nations across the globe. Aurobindo pharma has production and research and development units.
The products given by this company are effective as well as budget-friendly, and these products are of high quality and have a massive demand in the market.
Features of Aurobindo Pharma:
- Multi-product portfolio
- Huge product Range
- World-class R&D facilities
6. Torrent Pharmaceuticals
|Founder||Uttambhai Nathalal Mehta|
|Number of employees||14,550 (2019)|
|Subsidiaries||Heumann Pharma GmbH & Co. Generica KG, Bio-Pharm, Inc. ZYG Pharma Pvt. Ltd., etc|
Torrent Pharma was a leader in initiating the principle of niche marketing in India. Today, it is ranked amongst the leaders in the therapeutic sector of the women’s health care, cardiovascular, central nervous system, and gastrointestinal.
The company had procured the Elder Pharma’s Indian company in 2013, the Dermaceutical business of Zyg Pharma in 2015, the API plant of Glochem Industries in 2016, women healthcare brands from Novartis, and Unichem’s Indian branded business along with its Sikkim Plant in 2017.
Likewise, Torrent acquired Bio-Pharm, Inc. generic pharmaceuticals and OTC company in January 2018.
The firm deals with a wide product segment including CNS, cardiovascular, diabetology, gastrointestinal, pain management, and anti-infective sector.
The company has its own manufacturing system in several parts of the nation. The firm has its subsidiaries around the globe. In 2005, the company had acquired Heumann GmbH, a Pfizer company.
7. Lupin Ltd
|Founder||Desh Bandhu Gupta|
|Number of employees||50,000|
|Subsidiaries||Novel Laboratories, Inc. Polynova Industries Limited, GAVIS Pharmaceuticals, etc|
Lupin is a worldwide pharmaceutical company supplying a large range of products like Branded & Generic Formulations, Biotechnology Products, APIs, etc. The company’s manufacturing centers are spread across India, Japan, Brazil, Mexico, and the UNITED STATES.
The company is a substantial player in the treatment areas of Non-Steroidal Anti-Inflammatory Drugs, Cardiovascular, CNS, Gynaecology, Asthma, Paediatric, Diabetology, Gastro-Intestinal, and Anti-Infective drugs.
Additionally, the company holds an international leadership position in the Anti-TB and Cephalosporins sectors. The company is spread around more than 100 countries. It supplies top quality yet budget-friendly medications for some of the most persistent diseases addressing unmet demands in several parts of the globe.
Features of Lupin Pharmaceuticals:
- The company provides a huge array of products.
- Lupin Pharmaceuticals produces effective API’s.
8. Zydus Cadila Healthcare
|Revenue||7,104.3 crores INR (US$1.0 billion, 2019)|
|Subsidiaries||Zydus Wellness, German Remedies Private Ltd. Sentynl Therapeutics Inc., etc|
Zydus Cadila is a pioneer Pharmaceutical company, it is one of the oldest players in the Indian formulations market and has gone onto becoming India’s prominent pharmaceutical manufacturer.
The company’s Innovation program is led by 1300 researchers across 19 sites, working on distinguished medicines. The team is exploring various ideas and also principles from NCEs to vaccines, biosimilars, and specific niche technologies.
In India, the company’s research facilities are in Gujarat, Maharashtra, Goa, Himachal Pradesh, and Sikkim. They also have research units in the US and Brazil.
9. Abbott India
|Founder||Dr. Wallace Calvin Abbott|
|Number of employees||2,600|
|Parent organizations||Abbott Laboratories|
Abbott India Limited is a public listed company and a subsidiary of Abbott Laboratories U United States. The firm manufactures pharmaceutical drugs and provides therapeutics including Women’s Health, Neurology, Thyroid, Gastroenterology, Anti-Infectives, Diabetes, Urology, Pain management, Vitamins, etc. To produce high quality and high volume formulations, they have a plant at Verna, Goa.
Abbott India Laboratories is an American medical device as well as a healthcare firm.
Abbott Laboratories has brought breakthrough products in branded generic pharmaceuticals, diagnostics, medical devices, and nutrition.
10. Alkem Laboratories
|Number of employees||14,500 (2015)|
|Revenue||13,000 crores INR (US$1.8 billion, 2014–2015)|
|Subsidiaries||Enzene Biosciences Ltd, S&b Pharma, Inc, Ascend Laboratories SpA, Cachet Pharmaceuticals Pvt. Ltd., etc|
Alkem Laboratories markets top-quality branded generics, generic medications, APIs, as well as nutraceuticals in India and more than 50 countries around the world.
The company is rated among the top 10 pharma firms in India in terms of domestic sales for the past 15 years, with a detailed portfolio of over 750 brands covering all the major therapeutic sectors as well as a durable pan-India sales and distribution network.
For more than ten years, Alkem Laboratories has been ranked as the No. 1 Anti-infective company in India. They attribute among the leading pharma companies in the therapeutic segments of Gastro-intestinal, Vitamins/ Minerals/ Nutrients, and pain management.
Author: Sruthi S
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