In this article we discuss the top 5 pharmaceutical companies in India. If you want to read our detailed analysis of the pharma industry, go directly to the Top 15 Pharmaceutical Companies in India.
Top 5 Pharmaceutical Companies in India
5. Lupin Limited
Revenue in 2020 (TTM) $ 2,040,000,000
Founded in 1968 by Desh Bandhu Gupta and based in Mumbai, Lupin Ltd. is a multi-national pharmaceutical company that deals with medicines in the field of cardiovascular, asthma, diabetology pediatrics, anti-infectives, and anti-tuberculosis. It has 2 Research plants and 12 manufacturing plants in different parts of India. The product range of this company incorporates APIs, pharmaceuticals, generic and branded drugs. In fact, Lupin holds an international leadership position in producing drugs that help to combat tuberculosis (TB). It addresses unmet demands in various parts of the world by rendering top-quality yet cost-effective medications for some of the most persistent diseases. The company ranks 5th on the list of top pharmaceutical companies in India.
4. Cipla
Revenue in 2020 (TTM): $ 2,540,000,000
Founded in 1935 by Dr. Khwaja Abdul Hamied and headquartered in Mumbai, Cipla (Chemical, Industrial & Pharmaceutical Laboratories) is one of the most reputed multinational pharmaceutical brands in India that deals with prevention and cure for neurology, cardiovascular, respiratory, depression, and diabetes arthritis-related medical conditions. Its globally dominating flagship product includes the antiretroviral drugs that are supplied at a very nominal cost for treating HIV/AIDS. Based on overall revenue, it is India’s fourth-largest pharma company. It has approximately 34 manufacturing units that comprise 22,000 employees altogether. Having a strong global presence in around 80 countries, the company has won many awards as well. The company ranks 2nd on the list of top pharmaceutical companies in India.
3. Dr. Reddy
Revenue in 2020 (TTM): $ 2,550,000,000
Founded in 1984 by Kallam Anji Reddy and headquartered in Hyderabad, Dr. Reddy’s Laboratories is a multinational pharmaceutical company that manufactures an extensive range of diagnostic kits, APIs, along with critical care and biotechnology products. Its flagship products include Ramipril, Canagliflozin. Atorvastatin, Naproxen, Ibuprofen Nizatidine, Sodium, Naproxen, etc. In 1992, the company made its first move to form a joint venture with the biggest Russian pharmaceutical producer Biomed. The firm has seven active manufacturing plants across India. The major therapeutic areas include gastrointestinal, oncology, anti-infective, cardiovascular, pediatrics, and pain management. The company ranks 3rd on the list of top pharmaceutical companies in India.
To combat the ongoing COVID-19 pandemic, Dr. Reddy’s Laboratories has completed Phase-3 bridging trials of Russian Covid-19 vaccine Sputnik V in about 1,500 participants. and it is the third vaccine to be approved in India. The company is planning to vaccinate 125 million people in the next 8-12 months with 5-20 percent of the initial supplies imported from Russia. They are aiming to produce 250 million doses after the successful completion of regulatory clearances.
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2. Aurobindo Pharma Ltd.
Revenue in 2020 (TTM): $ 3,360,000,000 B
Founded in 1986 and headquartered in Hyderabad, Aurobindo Pharma Limited is a pharmaceutical manufacturing company that has a presence in key therapeutic segments such as cardiovascular, antiretrovirals, neurosciences, anti-biotics, gastroenterology, anti-diabetics, anti-Allergics, etc. The company commenced its operations in 1988 with a small Penicillin manufacturing unit in Puducherry. In terms of earnings and its strength, the company occupies the second position in our list. Equipped with 22000+ employees worldwide, the firm exports its cost-effective products to over 150 nations across the world. The company also exports its products to over 120 countries. More than 70 percent of the company’s total revenue, comes from the international market. Around 33 billion diverse dosage forms were manufactured by the company in 2018-19 which contributed the revenue of $ 2.8 billion.
1. Sun Pharmaceutical
Revenue in 2020 (TTM): $ 4,340,000,000
Sun Pharmaceutical Industries Ltd. has landed on the first spot on the list of top pharmaceutical companies in India. Founded in 1983 by Dilip Shangavi and headquartered in Mumbai, Sun Pharmaceutical Ltd. is an Indian multinational pharmaceutical company that manufactures and sells pharmaceutical formulations and APIs in both India and the US. various therapeutic areas, such as neurology, psychiatry, cardiology, and Diabetology, and gastroenterology. It also supplies anti-cancer drugs, steroids, peptides, steroids, sex hormones, etc.
The company had a humble beginning in 1983 when the company launched five products that were used to treat psychiatry-related ailments. In 2014, after acquiring Ranbaxy Laboratories Sun Pharmaceutical Ltd. became India’s largest pharma company and the biggest Indian company to operate in the US. Its workforce that comprises around 32, 000 employees (2019) serve more than 100 countries across the globe. In 2017, the firm was awarded The Entrepreneur of the Year Award from All India Management Association (AIMA). According to their official site, they have signed a voluntary licensing agreement with Eli Lilly for expanding access to Baricitinib to help alleviate the burden of Covid-19 in India.
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