How was your life during the lockdown period? Well, you were busy in web series and relying on essential services. Medicines became our daily health supplements to fight with Covid-19. The Covid-19 has created inundation in the medical facilities. Various small and large scale pharmaceutical companies have gratified the needs of everyone.
As per the latest reports and surveys, India has become the biggest medicine provider fulfilling around 60% of global generic medicines requirements. Large scale pharmaceutical companies also supply around 80-85% of AIDS medicines (antiretroviral medications) globally. According to various reports, the Indian pharma sector will grow at 8-10% by 2021-2025. Today, we’ll be explaining the top 10 Indian pharma companies in 2020.
List of Top 10 Pharmaceutical Companies Of India In 2020
Sun Pharmaceutical Industries Ltd
Dilip Shanghvi established Sun Pharmaceutical Industries Ltd in the year 1983 at Vapi, Gujarat. Sun Pharmaceutical Industries Ltd is the leading Indian Pharmaceutical company headquartered in Mumbai. This company produces and sells formulas and APIs in the United States and India. The overall revenue of this pharma company is more than 30,000 crores. In 2017, the All India Management Association (AIMA) was also awarded the ‘Entrepreneur of the Year Award’ to Sun Pharmaceutical Industries Ltd.
Dr. Reddy’s Laboratories Ltd
Kallam Anji Reddy founded Dr. Reddy’s Laboratories Ltd in the year 1984. Dr. Reddy’s Laboratories Ltd is currently manufacturing more than 60 APIs and 190 drugs and sells in India and abroad. This company is having around 7 manufacturing units across the country.
In 1992, Dr. Reddy’s Laboratories Ltd expanded its pharma franchise to Russia. Dr. Reddy’s Laboratories Ltd is the only pharmaceutical company that agreed to test Russia’s covid-19 vaccine Sputnik V in the final phase. Dr. Reddy’s Laboratories Ltd has also agreed to provide 100 million doses for covid patients.
Murali Divi established Divi’s Laboratories in the year 1990. Divi’s Laboratories is currently headquartered in Hyderabad and having three manufacturing units across the country. According to the market value, Divi’s Laboratories comes under the list of leading pharma companies.
Divi’s Laboratories is one of India’s youngest pharma firms, which is currently exporting multiple products to South African, the USA, Japan, Europe, and many other countries.
Khwaja Abdul Hamied founded Cipla in the year 1935, headquartered in Mumbai. Cipla is one of the earliest pharma companies in India. This company is trusted by many doctors and patients worldwide. Cipla holds a strong position in the Indian and global markets as well. This company sells a wide range of medicines throughout the globe.
Cipla’s major clients are based in South Africa and the USA. The overall revenue of Cipla is 17,419 crores. In terms of safety and quality, Cipla has gained strong recognition in the global market.
Also read: Top 10 FMCG Companies Of India
- Nityananda Reddy and P. V. Ramprasad Reddy established Aurobindo Pharma in the year 1986. However, Aurobindo Pharma started operation in 1988-1989 and headquartered in Hyderabad. Aurobindo Pharma began with a Semi-Synthetic Penicillin at Pondicherry.
Aurobindo Pharma has various manufacturing units and research centers across the globe. Aurobindo Pharma is known for providing cost-effective products in more than 150 countries. All the products manufactured by Aurobindo Pharma are made with the finest ingredients and highly demanding in the Indian market.
Uttambhai Nathalal Mehta established Torrent Pharmaceuticals in the year 1959. Currently, Torrent Pharmaceuticals is headquartered in Ahmedabad, Gujarat. In 2018, Torrent Pharmaceuticals acquired Generic pharmaceuticals, Bio-Pharm, and OTC company.
Torrent Pharmaceuticals is having multiple manufacturing units across the nation. In 2005, Torrent Pharmaceuticals also acquired Pfizer and Heumann GmbH company. Torrent Pharmaceuticals is blessed with extensive R&D facilities and numerous manufacturing centers in more than 40 countries. In simpler words, Torrent Pharmaceuticals is one of the leading pharma firms in India.
Desh Bandhu Gupta founded Lupin Ltd in the year 1968, having more than 50,000 employees. This is a worldwide pharmaceutical company that supplies a wide range of products like APIs, Branded & Generic Formulations, etc. Lupin Ltd has various manufacturing units in countries like Brazil, Mexico, United States, Japan, etc.
Lupin Ltd operates in more than 100 countries and one of the leading companies in the Cephalosporins and Anti-TB sectors. Lupin Ltd is popular for providing cost-effective yet high-quality products to its clients across the world.
Zydus Cadila Healthcare
Zydus Cadila Healthcare was founded by Ramanbhai Patel in 1952. Currently, Zydus Cadila Healthcare is headquartered in Ahmedabad, Gujarat. This firm is one of the oldest players in the Pharmaceutical sector.
Zydus Cadila Healthcare has numerous research centers in Goa, Sikkim, Maharashtra, Gujarat, and Himachal Pradesh. They have recently inaugurated well-equipped research units in Brazil and the US. This company also has a strong presence in Latin America, South Africa, Brazil, Europe, and the United States.
Dr. Wallace Calvin Abbott is the founder of Abbott India and a public subsidiary of Abbott Laboratories, United States. Abbott India also has a manufacturing plant in Verna, Goa. Abbott India manufactures drugs for women’s health and wellness, diabetes, Gastroenterology, Vitamins and Minerals, Pain management, and Thyroid. Abbott India Laboratories is a healthcare firm and medical devices as well. This pharmaceutical company is headquartered in Mumbai, having around 3000 employees.
Samprada Singh established Alkem Laboratories in the year 1973, having more than 15,000 employees. Alkem Laboratories provides high-quality APIs and generic medicines in India and more than 50 countries across the globe.
According to the domestic sales reports, Alkem Laboratories comes under the list of the top Indian pharma companies. Since 2010, Alkem Laboratories is consistently holding the top position as the Anti-infective Indian company. However, Alkem Laboratories is struggling to sell its products in the global market.
These were the top 10 pharmaceutical companies in India in 2020. We hope this article answers all your questions and clear doubts. Don’t forget to share your suggestions or opinion related to this write-up in the comment section.