The Indian pharmaceutical industry is the third largest in the world. This list is about 10 of the biggest Pharmaceuticals companies in India. Some of the top pharmaceutical companies in the world are based in India including Cipla, Dr. Reddy’s Labs, Sun Pharma, and Lupin which consist close to 80 percent of the Indian pharmaceutical market. According to Fitch Group Company, the Indian pharmaceutical industry will grow by 20 percent by the year 2020.
Pharma Companies in India has a strong presence in European and Americal countries as well and thus contribute a lot to the Indian economy. Here are some of the biggest pharmaceutical companies in India as of 2017.
Top 10 Biggest Pharmaceuticals Companies In India 2017
1. Sun Pharmaceutical
Sun Pharmaceutical or as Sun Pharmaceutical Industries Limited, headquartered in Mumbai, Maharashtra. Dilip Shanghvi in 1983 started it which is known to produce formulations and Active Pharmaceuticals Ingredients (APIs). Dilip Sanghvi is one of the richest persons in India.
Lupin is a multinational pharmaceutical company and is headquartered in Mumbai. Founded by Dr. Desh Bandhu Gupta an associate professor at BITS-Pilani in Rajasthan in the year 1968, the firm has become the top most pharmaceutical companies.
3. Reddy’s Labs
Dr. Reddy’s Labs is based in Hyderabad, Telangana. The company was founded in the year 1984 and produces a broad range of pharmaceutical products which include 190 medications and 60 APIs which are capable of treating different kinds of ailments.
Cipla Limited was started by Cipla Dr. K. A. Hamied in the year 1935, which is today one of the largest biotechnology and pharmaceutical companies of India. They specialize in formulations and APIs for ailments including cardiovascular diseases, depression, obesity, arthritis, and diabetes.
5. Aurobindo Pharma
Aurobindo Pharma was founded by K. Nityananda Reddy and P.V. Ramaprasad Reddy and is headquartered in Hyderabad, Telangana in the year 1986. It manufactures generic pharmaceuticals and APIs.
6. Cadila Healthcare
Cadila Healthcare is based in Ahmedabad, Gujarat and founded in 1952. The company has more than 20 different manufacturing sites in the country.
7. Glaxo Smith Kline
Glaxo Smith Kline Pharmaceuticals Limited was started in the year 1924. Some of their medications used are dermatology, anti-infectives, gynecology, oncology, cardiology, diabetes, and respiratory products.
8. Glenmark Pharmaceuticals
Glenmark Pharmaceuticals was founded in 1977 and headquartered in Mumbai, Maharashtra. Some of its medications are used in dermatology, diabetology, internal medicine, ENT, pediatrics, and gynecology.
9. Divi’s Laboratories
Divi’s Laboratories was started in the year 1990 is the ninth largest pharmaceutical company and produces medications used in Intermediates, Protected Amino Acids, Generics, Carotenoids (Synthetic) and Nutraceuticals and Chiral Synthesis.
10. Torrent Pharmaceuticals
Torrent Pharmaceuticals is based in Ahmedabad, Gujarat and was founded in the year 1959. The company manufactures medications for use in the central nervous system, cardiovascular, and has operations in more than 50 countries.
Pharma business in India is one of the biggest contributor to GDP and also among fastest growing sector in India. These 10 are biggest Pharmaceuticals companies in India as of 2017 and holds a majority of market share.