With the onset of the Covid-19 pandemic, the pharmaceutical industry in the country has gained a definite boost. With the number of cases on the rise, all pharmaceutical companies have been playing a vital role in providing the best resources to help slow the spread of the virus.
The national drug market projected a sales value $ 2.15 billion in April of this year. Has increased by 51.5% compared to the previous year and mobile annual turnover has been recorded in $ 20.88 billion as of April 2021.
Here are the top 10 pharmaceutical companies that have contributed to the industry’s magnanimous growth.
1) Sun Pharmaceutical Industries
Headquartered in Mumbai, the company’s reported revenue was $ 4.7 billion by 2020, making it the largest pharmaceutical company in India based on its revenue. Founded by Mr. Dilip Shanghvi, the company began by offering products that help treat psychiatric illnesses. However, today, the company offers formulations in various therapies, gastroenterology and diabetology.
2) Divi Labs
Founded in 1990 and based in Hyderabad, the company manufactures active pharmaceutical ingredients and other intermediates. With $ 780 million revenue in 2020, manufactures leading generic compounds, nutraceutical ingredients and custom API synthesis while exporting to more than 95 countries.
3) Dr. Reddy’s Labs
An Indian multinational company, Dr. Reddy’s Laboratories was founded by Anji Reddy in 1984. The company boasts over 190 drugs, 60 active pharmaceutical ingredients for drug manufacturers, diagnostic kits, intensive care and biotech products. Its coveted range of products includes Canagliflozin, Ramipril, Ibuprofen, Naproxen, Atorvastatin, and the like. Dr. Reddy’s Laboratories revenue figure stands at $ 2.4 billion.
4) Cipla Limited
The fourth largest pharmaceutical company in revenue ($ 2.5 billion), Cipla develops drugs that treat respiratory and cardiovascular diseases, arthritis, diabetes, weight control, depression and the like. Invagen Pharmaceuticals, the largest manufacturer of antiretroviral drugs is the subsidiary of Cipla.
5) Biocon Limited
Biocon Limited manufactures generic active pharmaceuticals and is located in the company’s technology capital, Bangalore. The company has income of $ 671.19 million as of 2020 and is owned by the famous Kiran Mazumdar-Shaw.
6) Torrent Pharma
With plants in Dahej, Pithampur, Gujarat and Madhya Pradesh, Torrent Pharma is based in Ahmedabad and boasts a revenue figure of US $ 1.1 billion as of 2020. The company is known for the manufacture of drugs for the Central Nervous System, gastrointestinal pain management, gastrointestinal diabetes and anti-infective segments. It was founded in 1959 and is owned by Sudhir Mehta.
Lupine works on drugs that treat diseases based on the fields of pediatrics, cardiovascular, anti-infectives, diabetes, asthma and anti-tuberculosis. Founded by Desh Bandhu Gupta, the company has a revenue of $ 2.2 billion as of 2020. It is based in Mumbai, although its main markets are abroad in the countries of Europe, Japan, South Africa, Australia, the Philippines, Mexico and Latin America.
8) Cadila Healthcare Limited
Also known as Zydus Cadila, this Indian pharmaceutical company is based in Ahmedabad and is also known for manufacturing herbal products, skin care products, and other over-the-counter products. Founded by Ramabhai Patel, it is one of the largest companies in India based in the pharmaceutical industry and has a revenue of US $ 2 billion from 2020.
9) Aurobindo Pharma Limited
This company sells more than 300 products in more than 125 countries and its key segment is APIS. With an income of US $ 3.3 billion Starting in 2020, Aurobindo Pharma Limited works with drugs that treat problems arising from neuroscience, cardiovascular, antiretroviral, antidiabetic, gastroenterology and cephalosporins.
10) Intas Pharmaceuticals Limited
Owned by Hasmukh Chudgar, Intas Pharmaceuticals Limited has revenues of $ 1.49 billion. This company is one of the leading manufacturers of biosimilar products in all of Asia. It has 13 commercialized biosimilars and 14 formulation manufacturing plants located in India, Mexico and the United Kingdom. This company is also based in Ahmedabad.
These are the top 10 players in the Indian pharmaceutical industry currently ruling the market. Other companies include Glenmark Pharma Limited, Innovexia Life Sciences Pvt. Ltd., Biophar Lifesciences Pvt. Ltd., Mankind Pharma Limited, and Piramal Enterprises Limited, which are also making a major contribution to strengthening the industry. In these present times, the pharmaceutical industry is witnessing a revolutionary time as India grapples with the pandemic.