Top 10 Biggest Pharmaceutical Companies in India in 2024
The Indian pharmaceutical industry is one of the fastest-growing industries in the world. It is projected to be worth $55 billion by the year 2023. There are more than 20,000 registered pharmaceutical companies in India, making it one of the most competitive markets in the world. So, which companies are leading the pack?
Here are the Top 10 Pharma companies in India in 2024:
1. Sun Pharmaceutical Industries Ltd.
Sun Pharma is the no 1 Pharma company in India & the fifth-largest speciality generic pharmaceutical company in the world and the largest pharmaceutical company in India by market capitalization. The company was founded in 1983 by Pharma companies in India and Indian Pharmaceutical companies. It has global headquarters in Mumbai, Maharashtra, India. As of March 2019, the company has a market capitalization of $43.8 billion and annual revenue of $9.6 billion. It employs over 50,000 people worldwide.
The company’s product portfolio includes prescription and over-the-counter (OTC) products in a variety of therapeutic categories such as cardiology, psychiatry, neurology, gastroenterology, diabetology, nephrology, infectious diseases, ophthalmology Oncology, pain management, and dermatology.
In May 2014, Sun Pharma acquired 100% control of Ranbaxy Laboratories, making it the world’s fifth-largest speciality generic pharmaceutical company. The combined company has operations in over 150 countries and an employee base of over 75,000 people.
In November 2015, Sun Pharma announced that it would be acquiring Ingenus Pharma for $300 million. The acquisition will expand Sun Pharma’s presence in the United States and provide access to Ingenus’ experimental drugs portfolio.
In December 2017, Sun Pharma announced the establishment of a new business venture with Japanese Pharmaceutical Company Daiichi Sankyo called Sun Pharma Advanced Research Company (SPARC). The joint venture will focus on developing new drugs for cancer and other chronic diseases.
Sun Pharma has been listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) since 1994. The company’s shares are also traded on the New York Stock Exchange (NYSE).
2. Dr Reddy’s Laboratories Ltd.
Sr.Reddy’s Laboratories Ltd is a Pharma company that is known to be the best In India. Dr Reddy’s Laboratories Ltd. is an Indian pharmaceutical company that was founded in 1984 by Anji Reddy. As of 2022, the company had a revenue of US$2.5 billion and over 20,000 employees. Dr Reddy’s Laboratories is one of the largest Pharma companies In India and is among the leading Indian Pharmaceutical companies.
The company offers a wide range of products, including generic drugs, branded drugs, biosimilars, and over-the-counter (OTC) products. Dr Reddy’s Laboratories has a strong presence in both the domestic and international markets and is one of the few Indian Pharma companies to be listed on the New York Stock Exchange. In recent years, the company has been actively expanding its product portfolio and geographic reach through strategic acquisitions and partnerships.
3. Cipla Ltd.
Cipla Ltd. is one of the leading pharmaceutical companies in India, with a massive presence in over 170 countries across the globe. The company was founded in 1935 by Dr K.A. Hamied and today employs over 20,000 people. In terms of revenue, Cipla Ltd. is ranked 3rd among all pharma companies in India, with a turnover of Rs 15,195 crore in 2020-21. The company has a strong focus on research and development and has over 1,500 products in its portfolio.
Cipla Ltd. is also one of the few Indian Pharma companies to have received USFDA approval for manufacturing generic drugs. some well-known products manufactured by Cipla Ltd include – Asthma inhaler – Asthalin; an Anti-cancer injection – Erlonat; an Antibiotic – Taxim-O and many more. With a long history of serving humanity and a bright future ahead, Cipla Ltd is one of the Pharma Companies In India to watch out for!
As of October 2022, Cipla had a market capitalization of Rs 63,417 crore.
4. Torrent Pharmaceuticals Ltd.
Torrent Pharmaceuticals Ltd. is an Indian multinational pharmaceutical company headquartered in Ahmedabad, Gujarat. Torrent Pharma, the flagship company of the Torrent Group, is one of the leading Pharma companies in India. The company was founded in 1959 and has an employee base of over 12,000. It has a turnover of INR 9,244 crore and is ranked among the top 5 Pharma companies in India.
The company’s products are available in over 50 countries and it has a strong presence in the domestic market. The company has a robust R&D set-up and has filed over 1,800 patents. It has launched over 150 new products in the last 5 years. The company is also aiming to be among the top 3 Pharma companies in India by 2022.
As of October 2022, Torrent Pharma had a market capitalization of Rs 1,35,847 crore.
5. Sun Pharmaceutical Industries Ltd.
Sun Pharmaceutical Industries Ltd. is an Indian multinational pharmaceutical company headquartered in Mumbai, Maharashtra. The company was founded by Dilip Shanghvi in 1983 and today employs over 30,000 people. In terms of revenue, Sun Pharma is the 5th largest pharmaceutical company in India with a turnover of Rs 14,229 crore in 2020-21. The company has a strong focus on research and development and has over 1,500 products in its portfolio.
Sun Pharma is also one of the few Indian Pharma companies to have received USFDA approval for manufacturing generic drugs. Some well-known products manufactured by Sun Pharma include – an Anti-cancer injection – Sprycel; a cholesterol-lowering drug – Simvastatin and many more. With a long history of serving humanity and a bright future ahead, Sun Pharma is one of the Pharma Companies In India to watch out for! As of October 2022, Sun Pharma had a market capitalization of Rs 1,73,326 crore.
Also Read:Â Top 10 Hospitals in India 2024
6. Aurobindo Pharma Ltd.
Aurobindo Pharma Ltd. is an Indian multinational pharmaceutical company that was founded by K.N. Reddy in 1986 and today employs over 20,000 people. With a turnover of Rs 12,602 crore in 2020-21, the company ranks as the 6th largest pharmaceutical company in India according to revenue. The company has dedicated itself to research and development with over 1,000 products available on the market.
Aurobindo Pharma is best known for its generic drugs which are available in over 150 countries. Some well-known products manufactured by Aurobindo Pharma include – an antibiotic – Amoxicillin; a pain reliever – Ibuprofen and many more. With a long history of serving humanity and a bright future ahead, Aurobindo Pharma is one of the Pharma Companies In India to watch out for!
As of October 2022, Aurobindo Pharma had a market capitalization of Rs 1,02,526 crore.
7. Zydus Cadila
Ramanbhai Patel founded Zydus Cadila in 1952, and today it is a leading Indian multinational pharmaceutical company with 22,000 employees. With an annual turnover of Rs 8,536 crore in 2020-21, according to revenue rankings, the company ranks as the 7th largest pharmaceutical company in India.
The company has a strong focus on research and development with over 3,500 products available in the market. Zydus Cadila is also one of the few Indian Pharma companies to have received USFDA approval for manufacturing generic drugs. Some well-known products manufactured by Zydus Cadila include – an Anti-cancer injection – Gleevac; a cholesterol-lowering drug – Atorvastatin and many more. With a long history of serving humanity and a bright future ahead, Zydus Cadila is one of the Pharma Companies In India to watch out for!
As of October 2022, Zydus Cadila had a market capitalization of Rs 1,29,345 crore.
8. Lupin Ltd.
Lupin Ltd. is an Indian multinational pharmaceutical company based in Mumbai. It is owned by the Gupta family and was founded in 1968 by Desh Bandhu Gupta. The company manufactures and sells a wide range of branded and generic drugs in over 100 countries. In 2019, it was the world’s seventh-largest speciality generic pharmaceutical company by revenue. As of March 2020, Lupin employed around 42,000 people worldwide. The company has operations in India, the United States, Japan, Africa, Southeast Asia, and Europe.
Lupin’s product portfolio includes drugs in a variety of therapeutic categories such as cardiology, psychiatry, neurology, gastroenterology, diabetology, nephrology, infectious diseases, ophthalmology Oncology, pain management, and dermatology. The company also manufactures and sells a wide range of generic drugs.
Lupin has been listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) since 1994. The company’s shares are also traded on the New York Stock Exchange (NYSE).
9. Glenmark Pharmaceuticals Ltd.
Glenmark Pharmaceuticals Ltd. is a pharmaceutical company headquartered in Mumbai, Maharashtra, India that was founded in 1977. As of 2019, the company had a revenue of US$2.3 billion and over 10,000 employees.
Glenmark is one of the largest pharma companies in India and manufactures a wide range of products including drugs for diabetes, cancer, and pain management. The company has several manufacturing facilities in India and also has a presence in over 50 countries. In addition to its core business of manufacturing and selling drugs, Glenmark also engages in research and development activities to discover new medicines.
10. Cadila Healthcare Ltd.
Cadila Healthcare Ltd. is one of the leading Pharma Companies In India and has a wide range of products in various therapeutic segments. The company was founded in the year 1952 byRamniranjan Anandilal Poddar. Cadila Healthcare has 7 manufacturing units in India that are approved by the USFDA, UK-MHRA, WHO-GMP, and EDQM-EU. The company’s total revenue for the financial year 2019 was Rs 13 Knowingly Crore with a net profit of Rs 585 Crore. As of March 2022, The company had a total workforce of 20000 employees.
Cadila Healthcare’s product portfolio includes drugs for the treatment of cardiovascular diseases, diabetes, respiratory diseases, gastrointestinal diseases, and pain management. The company also manufactures and sells generic drugs. Cadila Healthcare has a strong presence in India with a wide distribution network. The company also has a significant international presence and exports its products
Conclusion:
These are the top 10 pharma companies in India for 2024 according to a recent report by Market Research Future (MRFR). These companies have been selected based on their market share, growth rate, and other factors such as R&D spending and product portfolio diversification. Sun Pharma is at the top of the list with a market share of 10%. Dr Reddy’s Laboratories comes in second with a market share of 9%. Lupin is in third place with a market share of 8%. Glenmark, Cadila Healthcare, Cipla, and Biocon are all tied for fourth place with a market share of 7%. Aurobindo Pharma, Wockhardt, and Torrent Pharmaceuticals round out the top 10 with a market share of 6%.
