Do you wanna know about the 10 best Pharma companies in India by 2023? If yes, we have brought this article for you, which will help you to know the top 10 pharma companies in India in 2023.
One of the global businesses with the quickest growth rates in the pharmaceutical sector in India. By 2023, it is expected to be valued at $55 billion. One of the most competitive marketplaces in the world, India has more than 20,000 registered pharmaceutical businesses. The top pharma companies in India are discussed in this article.
The Top 10 Pharma companies in India in 2023 are as follows:
1. Sun Pharmaceutical Industries Ltd.
The top pharma company in India and the fifth-largest specialist generic pharmaceutical company in the world, according to market value, is Sun Pharma. The pharmaceutical company from India launched the business in 1983. In Mumbai, Maharashtra, India, the company is headquartered. The company’s market value was $43.8 billion as of March 2019 and its yearly revenue was $9.6 billion. Almost 50,000 individuals are employed by it worldwide. The company focuses heavily on research and development and has over 1,500 products in its portfolio.
A wide range of therapeutic areas, including cardiology, psychiatry, neurology, gastroenterology, diabetology, nephrology, infectious diseases, ophthalmology, oncology, pain management, and dermatology are covered by the company’s product portfolio, which includes both prescription and over-the-counter (OTC) items.
Ranbaxy Laboratories, which Sun Pharma fully controlled in May 2014, is now the fifth-largest specialist generic pharmaceutical firm in the world. The merged corporation employs more than 75,000 people and has operations in more than 150 countries.
Sun Pharma stated in November 2015 that it will buy Ingenus Pharma for $300 million. The purchase will give Sun Pharma access to Ingenus’ portfolio of investigational medications and increase its foothold in the United States.
A new commercial partnership between Sun Pharma and the Japanese pharmaceutical company Daiichi Sankyo dubbed Sun Pharma Advanced Research Company was launched in December 2017 by Sun Pharma (SPARC). The combined business will concentrate on creating brand-new medications to treat cancer and other chronic illnesses.
Since 1994, Sun Pharma has been traded on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Also, shares of the business are listed on the New York Stock Exchange (NYSE). It is one of the most popular pharma companies in India. It is also one of the best pharma companies in India.
2. Dr. Reddy’s Laboratories Ltd.
It is also one of the most popular pharma companies in India. pharmaceutical firm in India is known as Sr.Laboratories Reddy’s Ltd. Anji Reddy created the pharmaceutical business Dr. Reddy’s Laboratories Ltd. in India in 1984. Almost 20,000 people worked with the firm as of 2022, which generated US $2.5 billion in sales. Among the best pharma companies in India, Dr. Reddy’s Laboratories is one of the biggest pharmaceutical companies in India.
The business provides a wide selection of goods, including over-the-counter (OTC) items, biosimilars, generic pharmaceuticals, and branded and branded medications. One of the few Indian pharmaceutical businesses to have its stock listed on the New York Stock Exchange is Dr. Reddy’s Laboratories, which has a significant presence in both the local and international markets. Through clever alliances and acquisitions, the corporation has been actively extending its global reach and product line in recent years.
3. Cipla Ltd.
One of the top pharma companies in India is Cipla Ltd., which has a substantial global presence in more than 170 nations. Dr. K.A. Hamied launched the business in 1935, and it now employs over 20,000 employees. With a turnover of Rs 15,195 crore in 2020–21, Cipla Ltd. is placed third among all pharmaceutical businesses in India in terms of revenue. The company focuses heavily on research and development and has over 1,500 products in its portfolio.
Among the few Indian pharmaceutical firms with USFDA permission for the production of generic pharmaceuticals is Cipla Ltd. Asthalin, an anti-cancer injection made by Cipla Ltd., Erlonat, an antibiotic called Taxim-O, and many more well-known items are only a few of the well-known goods produced by Cipla Ltd. is one of the Pharma Companies In India to watch out for with a rich history of helping people and a promising future! As of March 2023, Cipla had a market capitalization of Rs ₹70,149 crores.
4. Divi’s Laboratories Ltd.
It is one of the biggest pharmaceutical companies in India. Active pharmaceutical ingredients (APIs) and intermediates are produced by Hyderabad-based Divi’s Laboratories Ltd, a global pharmaceutical firm in India. Generic intermediates and APIs are produced by the firm. Divi’s Nutraceuticals, a subsidiary of the corporation, produces and distributes nutraceutical ingredients. In terms of market value, Divi’s Laboratories is the fourth-largest pharmaceutical firm in India.
As Divi’s Research Center, Divi’s Labs was founded in 1990. For the production of APIs and intermediates, the business originally began developing commercial manufacturing procedures. In order to advertise its intention to join the manufacture of API and intermediates, Divi’s Research Centre changed its name to Divi’s Laboratories Ltd in 1994. In 1995, the business opened its first manufacturing plant in Choutuppal, Telangana, as a result. The second production site of the business opened its doors in 2002 at Chippada, not far from Visakhapatnam.
5. Torrent Pharmaceuticals Ltd.
Gujarat’s Ahmedabad serves as the corporate headquarters for the Indian pharmaceutical giant Torrent Pharmaceuticals Ltd. One of the top pharmaceutical firms in India is Torrent Pharma, the parent business of the Torrent Group. The business was established in 1959 and now employs over 12,000 people. It is among the top 5 pharma businesses in India and has a turnover of INR 9,244 crore.
About 50 countries may purchase the company’s products, and it dominates the home market. The business has a strong R&D infrastructure and more than 1,800 patent applications. In the previous five years, it has introduced more than 150 new goods. By 2022, the business also wants to rank among India’s top 3 pharmaceutical firms. It is one of the most popular pharma companies in India. As of March 2023, Torrent Pharma had a market capitalization of Rs 53,457.0 crore.
6. Aurobindo Pharma Ltd.
K.N. Reddy created the international pharmaceutical business Aurobindo Pharma Ltd. in India in 1986, and it now employs over 20,000 employees. According to revenue, the firm placed sixth among Indian pharmaceutical companies in 2020–21 with a turnover of Rs 12,602 crore. The business has devoted itself to research and development, and there are more than 1,000 goods on the market.
The generic medications produced by Aurobindo Pharma, which are sold in over 150 nations, are its best-known products. Amoxicillin, a painkiller made by Aurobindo Pharma, and Ibuprofen are just a few of the well-known goods they produce. Aurobindo Pharma is one of the biggest Pharmaceuticals Companies In India to watch out for, with a strong history of helping people and a promising future. As of January 2023, Aurobindo Pharma had a market capitalization of Rs 29,323.30 crore.
7. Zydus Cadila
Zydus Cadila, founded in 1952 by Ramanbhai Patel, is a well-known Indian multinational pharmaceutical firm with 22,000 workers. It is one of the leading Pharma Companies in India. According to revenue rankings, the firm would have an annual revenue of Rs 8,536 crore in 2020–21, placing it as India’s seventh-largest pharmaceutical company.
Almost 3,500 goods are now on the market, and the corporation places a major emphasis on research and development. One of the few Indian pharmaceutical firms with USFDA clearance to produce generic pharmaceuticals is Zydus Cadila. Among the well-known goods produced by Zydus Cadila are the cholesterol-lowering medication Atorvastatin, the anti-cancer injection Gleevac, and many more. Zydus Cadila is one of the Pharma Companies In India to watch out for, with a strong history of helping people and a promising future. As of March 2023, Zydus Cadila had a market capitalization of Rs 48,656.65 crore.
8. Lupin Ltd.
An international pharmaceutical corporation with its headquarters in Mumbai is called Lupin Ltd. It was started in 1968 by Desh Bandhu Gupta and is currently owned by the Gupta family. The business produces and distributes various branded and generic medications in more than 100 nations. It was the seventh-largest specialist generic pharmaceutical firm in the world in terms of sales in 2019. Over 42,000 people were working by Lupin worldwide as of March 2020. The business has activities throughout Africa, Southeast Asia, Japan, India, the United States, and Europe.
A wide range of therapeutic areas, including gastroenterology, psychiatry, neurology, diabetology, nephrology, infectious illnesses, and ophthalmology, are represented in Lupin’s pharmaceutical portfolio. dermatology, oncology, and pain management. The business also produces and markets a variety of generic medications.
Since 1994, Lupin has been traded on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Also, shares of the business are listed on the New York Stock Exchange (NYSE).
9. Glenmark Pharmaceuticals Ltd.
The pharmaceutical business Glenmark Pharmaceuticals Ltd. was founded in 1977 and is based in Mumbai, India’s Maharashtra state. In 2019, the business generated US$2.3 billion in revenue and employed over 10,000 people.
One of the biggest pharmaceutical firms in India, Glenmark produces a variety of goods, such as medications for the treatment of diabetes, cancer, and pain. The business is present in more than 50 countries and has multiple production plants in India. Glenmark’s primary activity is the production and sale of pharmaceuticals, but it also conducts research and development to find novel pharmaceuticals.
10. Cadila Healthcare Ltd.
One of the leading pharma companies in India, Cadila Healthcare Ltd. offers a wide variety of medications in several therapeutic areas. In the year 1952, Ramniranjan Anandilal Poddar established the business. Seven manufacturing facilities owned by Cadila Healthcare are licensed by the USFDA, UK MHRA, WHO-GMP, and EDQM-EU. With a net profit of Rs 585 Crore, the company’s total revenue for the 2019 fiscal year was Rs 13 Knowingly Crore. 20000 employees made up the company’s whole workforce as of March 2022.
Drugs for the management of pain, diabetes, respiratory, gastrointestinal, and cardiovascular illnesses are all part of Cadila Healthcare’s product line. The business also produces and distributes generic medications. With a vast distribution network, Cadila Healthcare is well-known in India. The business also exports its goods and has a considerable global presence. These business figures make this company one of the biggest pharmaceutical companies in India.
These companies were chosen on their market share, rate of growth, and additional criteria including R&D expenditure and product portfolio diversity.
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