Pharmaceutical companies in India have seen significant growth over the last decade. Although the market size is still much smaller than some of the world’s leading pharmaceutical markets such as the US, China, and Japan, many leading pharmaceutical companies in India are becoming increasingly important for the global market. Today, India is one of the world’s largest provider of generic drugs, accounting for 20% of global exports in terms of volume. India is also one of the top pharmaceutical exporters with a year-on-year growth of 11.4% to US$ 12.91 billion in FY 2015-16.
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According to the statistics from IBEF, the Indian pharmaceuticals market registered a CAGR of 17.46% over the past decade, with the market size increasing from US$ 6 billion in 2005 to US$ 36.7 billion in 2016. This figure is expected to expand at a CAGR of 15.92% to US$ 55 billion by 2020. Now, several leading pharmaceutical companies, including many international corporations, are dominating India’s pharmaceutical market and growing their shares in the global market. Based on current trends, BizVibe has compiled a comprehensive list of the largest pharmaceutical companies in India.
Top 10 pharmaceutical companies in India, based on sales in 2016
- Cipla
Cipla is a global pharmaceutical company and one of the largest in India. Founded in 1935 by Dr K A Hamied, Cipla sets up an enterprise with the vision to make India self-sufficient in healthcare. Over the past 82 years, they have emerged as one of the most recognized pharmaceutical names in the global market. Today Cipla has over USD 2 billion turnovers annually and over 23,000 employees working on over 1500 products.
- Reddy’s Laboratories
Dr Reddy’s began as an active pharmaceutical ingredients (API) manufacturer in 1984, producing high-quality APIs for the Indian domestic market. In 1987, the company started its formulations operations and, after becoming a force to reckon with in the Indian formulations market, went international in 1991. Today, the company is more than a 200 million-dollar venture with a presence in almost all major therapeutic areas in the global market.
- Lupin
Lupin is a renowned pharma player having a wide range of quality, affordable generic and branded formulations and APIs. The company commenced its business in 1968, and first gained recognition when it became one of the world’s largest manufacturers of Tuberculosis (TB) drugs. Today, it has significant market share in the cardiovascular, diabetology, asthma, pediatrics, CNS, anti-infectives and NSAIDs therapy segments in the global market.
- Mylan
Mylan is one of the world’s leading global pharmaceutical companies, with a significant and growing presence in India. We have a workforce of more than 30,000 people, approximately half of whom are based in India. Our broad portfolio includes generic and brand name products in a variety of dosage forms, which are sold in about 165 countries and territories.
- Sun Pharma
Sun Pharmaceutical Industries Ltd is an international specialty pharma company. The Company manufactures and markets pharmaceuticals formulations as branded generics, as well as generics in India, the United States (US) and several other markets across the world. Today, Sun Pharma has over 30,000 employees worldwide manufacturing more than 2000 products across the 150 markets in the world.
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- Aurobindo Pharma
Aurobindo Pharma was founded in 1986. The company commenced its operations in 1988–89 with a single unit that manufactured semi-synthetic penicillin (SSP) at Pondicherry. Aurobindo Pharma has its leading presence in several major therapeutic segments such as neurosciences, cardiovascular, antiretrovirals, antidiabetics, gastroenterology, and cephalosporins, among others. Aurobindo Pharma exports to over 125 countries across the globe with more than 70 per cent of its revenues derived out of international operations.
- Cadila Healthcare
Cadila Pharmaceuticals Ltd is one of the largest privately held pharmaceutical companies in India, headquartered at Ahmedabad, Gujarat. Over the last six decades, the company has been developing and manufacturing pharmaceutical products in India and selling and distributing these in over eighty-five other countries around the world. Cadila’s major products including cardiovascular, gastrointestinal, analgesics, haematinics, anti-infectives and antibiotics, respiratory agents, antidiabetics, and immunologicals.
- Torrent Pharma
Torrent Pharma, the flagship company of Torrent Group, is ranked amongst the top pharma companies of India. It is a dominant player in the therapeutic areas of cardiovascular (CV) and central nervous system (CNS) and has achieved significant presence in gastrointestinal, diabetology, anti-infective and pain management segment
- Glenmark Pharmaceuticals
Established in 1977, Mumbai-based Glenmark Pharmaceuticals Ltd is a leading player in the discovery of new molecules, both NCEs (new chemical entity) and NBEs (new biological entity). The company has a significant presence in branded generics markets across emerging economies, including India.
- Abbott
Abbott India Ltd is one of India’s fastest growing pharmaceutical companies in India. Headquartered in Mumbai, Abbott India Ltd is specialized in multiple therapeutic categories such as Women’s Health, Gastroenterology, Neurology, Thyroid, and other therapy areas. Today, Abbott India Ltd employs over 2,600 people and reaches customers through a wide network of 35 distribution points, catering to over 4,500 stockists and 150,000 retail outlets.
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