Indian pharmaceutical industry owns 10% of total world volume, and has been growing with compound growth rate of 15% for last 5 years. It contributes a large amount of revenues, both domestic and through exports, to the GDP. If the industry sustains its growth rate, then it is likely to become among the top 10 global markets in value term by 2020.
In reality, actual Indian pharmaceutical companies occupy minimum percentage of the market; instead the industry is mainly dominated by foreign industries which their subsidiaries in India.
Following is a list of top 10 best pharmaceutical companies in India which own almost a third of the total market turnover.
Ranbaxy Laboratories Ltd.
Incorporated in 1961, Ranbaxy is a multi-national company and is the largest pharmaceutical manufacturer in India. It exports products to over 125 countries around the world. Its major products include diabetes, dermatology, anti-infectives, neuro-psychiatry, pain management and nutritional to name a few. Its most common brands are Volini, Revital , Silverex etc.
Dr Reddy’s Laboratories Ltd.
The first laboratory was established in 1984 in Hyderabad. It has marked its global presence all over the world. Considered as third largest manufacturer in India, the company has three major product areas- ingredient, proprietary generic and products. The company has 7 FDA inspected and ISO 9001 and Iso 14001 certified plants.
Lupin Ltd.
The company is a subsidiary of U.S. based Lupin Pharmaceuticals Inc. Lupin Ltd. is strongly research based with its headquarters in Mumbai and a state of art lab in Pune. Considered as 2nd largest manufacturer in India, its business spreads over the entire pharmaceutical value chain and exports to over 70 countries.
Cadila Pharmaceuticals Ltd.
With its headquarters in Ahmedabad, this company is one of the largest privately owned pharmaceutical companies in India. It was established in 1952 and has three active units in India. The company distributes over 90 countries around the world.
GlaxoSmithkline Pharmaceuticals Ltd.
The company is one of the oldest pharmaceuticals in India established in 1924. It owns 4.2% of the total market share. Its portfolio includes prescription medicines and vaccines. Its parent company a France based company. It is listed both in NSE and BSE.
Wockhardt Ltd.
It is a global pharmaceutical and biotechnology company headquartered in Mumbai. Established in early 1960s, its most of the revenue comes from Europe. It also has a chain of super specialised hospitals.
Abbott India Ltd.
One of the fastest growing companies in India, Abbott India is headquartered in Mumbai and is a subsidiary of Abbott Laboratories. One of its most popular products is Digene. Key therapeutic areas are animal health, antacids, nutrition, women health, diabetes, to name a few.
Sun Pharmaceutical Industries Ltd.
This is a Mumbai based company which has major clientele in India and USA. It was established in 1983 and is the largest chronic prescription company in India. The company is listed in NSE and BSE.
Cipla Ltd.
The company was established in 1935 and is headquartered in Mumbai. The company aims at making India self reliant in medicines. The company has 34 operational units and distributes to over 170 countries.
Aurobindo Pharma Ltd.
Established in 1986, this company is a leading manufacturer of Semi-Synthetic Penicillins which also manufactures active pharmaceutical ingredients (API) and formulations. Its headquarters are in Hyderabad. The company is among the top ten pharmaceutical manufacturers in India.
Akshay Agarwal
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