Top 10 Pharma Companies in India 2023 [ Updated List ]

The Indian pharmaceutical industry has been steadily growing and is now one of the largest producers of generic medicines in the world. With a rapidly expanding domestic market and increasing global demand for affordable drugs, the industry has seen the rise of several top pharma companies in India. These companies have been making significant contributions to healthcare by developing and producing high-quality drugs that are accessible to people across the world. Some of the best pharma companies in India include Sun Pharmaceuticals, Cipla, Dr. Reddy’s Laboratories, Lupin Limited, and Aurobindo Pharma. These companies have consistently delivered innovative and effective solutions to various health problems and are at the forefront of the Indian pharmaceutical industry.

1. Sun Pharmaceutical Industries Ltd

Sun Pharma, founded in 1983 by Indian pharmaceutical companies, is the largest pharmaceutical company in India by market capitalization and the fifth-largest specialty generic pharmaceutical company in the world. Its global headquarters are located in Mumbai, Maharashtra, India, and the company has a market capitalization of $43.8 billion and annual revenue of $9.6 billion as of March 2019. With over 50,000 employees worldwide, Sun Pharma’s product portfolio includes prescription and over-the-counter (OTC) products in various therapeutic categories, such as cardiology, psychiatry, neurology, gastroenterology, diabetology, nephrology, infectious diseases, ophthalmology, oncology, pain management, and dermatology.Sun Pharma acquired 100% control of Ranbaxy Laboratories in May 2014, making it the world’s fifth-largest specialty generic pharmaceutical company. The combined company operates in over 150 countries with a workforce of over 75,000 people. Sun Pharma’s expansion continued with its $300 million acquisition of Ingenus Pharma in November 2015, which provides access to Ingenus’ experimental drugs portfolio and expands Sun Pharma’s presence in the United States.In December 2017, Sun Pharma established a joint venture with Japanese pharmaceutical company Daiichi Sankyo, called Sun Pharma Advanced Research Company (SPARC), focused on developing new drugs for cancer and other chronic diseases. Sun Pharma’s shares have been listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) since 1994, and they are also traded on the New York Stock Exchange (NYSE).

2. Dr Reddy’s Laboratories Ltd

Dr. Reddy’s Laboratories Ltd, founded in 1984 by Anji Reddy, is an Indian pharmaceutical company known as the best in India. With over 20,000 employees, the company generated a revenue of US$2.5 billion in 2022, making it one of the largest pharmaceutical companies in India and among the leading Indian pharmaceutical companies.

The company offers a broad range of products, such as generic drugs, branded drugs, biosimilars, and over-the-counter (OTC) products. Dr. Reddy’s Laboratories has a strong presence in both domestic and international markets and is one of the few Indian pharmaceutical companies listed on the New York Stock Exchange. Through strategic acquisitions and partnerships, the company has been actively expanding its product portfolio and geographic reach in recent years.

3. Cipla Ltd

Cipla Ltd. is a leading pharmaceutical company in India, with a significant presence in over 170 countries worldwide. Founded in 1935 by Dr. K.A. Hamied, the company currently employs over 20,000 individuals. In terms of revenue, Cipla Ltd. is ranked 3rd among all pharmaceutical companies in India, with a turnover of Rs 15,195 crore in 2020-21. With over 1,500 products in its portfolio, the company has a strong focus on research and development. Cipla Ltd. is also one of the few Indian pharmaceutical companies that has received USFDA approval for manufacturing generic drugs. Among Cipla Ltd’s well-known products are Asthalin, an asthma inhaler; Erlonat, an anti-cancer injection; and Taxim-O, an antibiotic. With a long history of serving humanity and a promising future ahead, Cipla Ltd. is one of the Indian pharmaceutical companies to keep an eye on! As of October 2022, Cipla had a market capitalization of Rs 63,417 crore.

4. Torrent Pharmaceuticals Ltd

Torrent Pharmaceuticals Ltd, a multinational pharmaceutical company based in Ahmedabad, Gujarat, is among the top pharma companies in India. It was established in 1959 and is the flagship company of the Torrent Group, with over 12,000 employees. With a turnover of INR 9,244 crore, it ranks among the top 5 pharma companies in India. Torrent Pharma’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 setup and has filed over 1,800 patents, launching over 150 new products in the last 5 years. Additionally, Torrent Pharma aims to be among the top 3 pharma companies in India by 2022. As of October 2022, the market capitalization of Torrent Pharma was Rs 1,35,847 crore.

5. Divi’s laboratories Limited

Divi’s Laboratories is a multinational Indian pharmaceutical company that specializes in manufacturing API, intermediates, and nutraceutical ingredients. The company, which was established in 1990 and is headquartered in Hyderabad, Telangana, is ranked as India’s second most valuable pharma firm in terms of market capitalization. It has three manufacturing units located in Hyderabad, Vishakhapatnam, and Kakinada, as well as three research and development units throughout India. The company is highly regarded and has made it to the top of the list of leading pharmaceutical companies. Divi’s Laboratories exports its products to various countries, including Japan, the USA, Australia, South Africa, and the Philippines. Additionally, Divi’s Laboratories has Divi’s Laboratories (USA), Inc. and Divi’s Laboratories Europe AG under its umbrella. As of 2020, the company had a revenue of ₹5,585.05 crores, a net income of ₹1,376.54 crores, and a total of 13,884 employees.

6. Aurobindo Pharma Ltd

Aurobindo Pharma Ltd. is a multinational pharmaceutical company headquartered in India, with a workforce of over 20,000 employees. Founded in 1986 by K.N. Reddy, The company is the sixth-largest pharmaceutical company in India by revenue, with a turnover of Rs 12,602 crore in 2020-21. Aurobindo Pharma is renowned for its focus on research and development, with a portfolio of over 1,000 products available on the market. The company is widely known for its generic drugs, which are exported to more than 150 countries worldwide. Some of the popular products manufactured by Aurobindo Pharma include Amoxicillin (an antibiotic), Ibuprofen (a pain reliever), and many more. With a remarkable track record of serving humanity and an optimistic future, Aurobindo Pharma is a promising player among the Pharma Companies in India. As of October 2022, Aurobindo Pharma had a market capitalization of Rs 1,02,526 crore.

7. Zydus Cadila

Zydus Cadila, founded by Ramanbhai Patel in 1952, has grown to become a prominent Indian multinational pharmaceutical company with a workforce of 22,000 employees. According to revenue rankings, the company is the 7th largest pharmaceutical company in India with an annual turnover of Rs 8,536 crore in 2020-21. The company has a strong emphasis on research and development, with over 3,500 products available in the market. Additionally, Zydus Cadila is one of the few Indian Pharma companies that have received USFDA approval for manufacturing generic drugs. Among its well-known products are an Anti-cancer injection called Gleevac, a cholesterol-lowering drug called Atorvastatin, and many more. With its long history of serving humanity and a bright future ahead, Zydus Cadila is one of the Pharma Companies in India that is worth keeping an eye on. As of October 2022, Zydus Cadila had a market capitalization of Rs 1,29,345 crore.

8. Lupin Ltd

Lupin Ltd. is a multinational pharmaceutical company based in Mumbai, India, which was founded in 1968 by Desh Bandhu Gupta and is currently owned by the Gupta family. It operates in over 100 countries and manufactures and sells both branded and generic drugs. In terms of revenue, it was ranked the world’s seventh-largest specialty generic pharmaceutical company in 2019. The company has a large global workforce, with around 42,000 employees as of March 2020, and operates in various regions including India, the United States, Japan, Africa, Southeast Asia, and Europe. Lupin’s product range covers a wide range of therapeutic categories, including cardiology, psychiatry, neurology, gastroenterology, diabetology, nephrology, infectious diseases, ophthalmology, oncology, pain management, and dermatology. Lupin has been listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) since 1994, and its shares are also traded on the New York Stock Exchange (NYSE).

9. Glenmark Pharmaceuticals Ltd

Glenmark Pharmaceuticals Ltd. is headquartered in Mumbai, Maharashtra, India.Founded in 1977, The company has over 10,000 employees and had a revenue of US$2.3 billion in 2019. Glenmark is a major player in the Indian pharmaceutical industry and produces various products, including medications for cancer, pain management, and diabetes. The company has multiple manufacturing facilities in India and is present in over 50 countries. Glenmark’s research and development efforts are aimed at developing new medicines, in addition to its core business of drug manufacturing and sales.

10. Cadila Healthcare Ltd

Cadila Healthcare Ltd. is a prominent pharmaceutical company in India, known for its diverse product range across various therapeutic segments. Founded by Ramniranjan Anandilal Poddar in 1952, the company has 7 USFDA, UK-MHRA, WHO-GMP, and EDQM-EU approved manufacturing units in India. With a total revenue of Rs 13 Knowingly Crore and net profit of Rs 585 Crore in the financial year 2019, Cadila Healthcare has a workforce of 20,000 employees as of March 2022. The company’s product range includes drugs for cardiovascular diseases, diabetes, respiratory diseases, gastrointestinal diseases, and pain management, along with generic drugs. With a strong domestic distribution network, Cadila Healthcare also has a significant international presence, exporting its products.

TRENDING

Top 10 Pharmaceutical Companies in India 2022

S.No	Pharmaceutical Companies in 2022
1	Cipla
2	Sun Pharmaceutical Industries Ltd
3	Aurobindo pharma
4	Dr. Reddy’s Laboratories Ltd
5	Divi’s laboratories limited
6	Abbott India
7	Alkem laboratories
8	Torrent pharmaceuticals
9	Lupin Limited
10	Zydus Cadila healthcare

Which is the No 1 Pharmaceutical Companies in 2023?

Sun Pharmaceutical Industries Ltd. is an Indian multinational pharmaceutical company headquartered in Mumbai, Maharashtra. It was founded in 1983 by Dilip Shanghvi, and it is currently the largest pharmaceutical company in India and the fourth largest generic pharmaceutical company in the world. Sun Pharma manufactures and sells a wide range of pharmaceutical products, including branded formulations, generic drugs, and active pharmaceutical ingredients (APIs). Its product portfolio includes drugs for the treatment of various diseases such as cancer, diabetes, cardiovascular diseases, and psychiatric disorders.Sun Pharma has a strong focus on research and development (R&D) and has invested heavily in developing new drugs and improving existing ones. The company has a number of R&D facilities in India, the United States, and Israel.Sun Pharma has a strong presence in India, with a wide distribution network and a large number of manufacturing facilities. It also has a significant international presence, with operations in over 100 countries and sales in more than 150 countries. Sun Pharma’s international operations are primarily focused on the United States, Europe, and emerging markets such as Brazil, Russia, and China.In March 2022, Sun Pharma had a total workforce of over 35,000 employees, and its revenue for the financial year 2021 was Rs 32,920 crore. The company is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) in India, as well as on the New York Stock Exchange (NYSE) in the United States.

Conclusion

According to a recent report by Market Research Future (MRFR), the top 10 pharmaceutical companies in India for 2023 have been identified based on factors such as market share, growth rate, R&D spending, and product portfolio diversification. Sun Pharma has been ranked at the top of the list with a market share of 10%, followed by Dr Reddy’s Laboratories with a market share of 9%. In third place is Lupin with a market share of 8%. Glenmark, Cadila Healthcare, Cipla, and Biocon all share fourth place with a market share of 7%. The remaining companies in the top 10 include Aurobindo Pharma, Wockhardt, and Torrent Pharmaceuticals, all with a market share of 6%.

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