Pharmaceutical companies are the one who discovers, produces and develops drugs and even experiments with them. They have been playing a very important role in both curing patients as well as the country’s economic development. These companies actively manufacture medicines for various diseases, including antibiotics, cardiovascular, anti-allergics, gastroenterological, etc. of different brands.
When it comes to the pharmaceutical industry, India ranks 9th position globally. India is expected to be the greatest generic drugs providing country of the world. In fact, at present more than 80 per cent of the antiretroviral drugs are supplied globally to cure AIDS.
There were several steps taken by the Indian government to make medicines accessible in rural areas like reducing costs and bringing down healthcare expenses. Apart from this, the government also unveiled ‘Pharma Vision 2020’, a single-window facility started by DCGI, several beneficial programs were announced in the Union Budget of 2018-2019, etc.
Indian pharmaceutical sectors play a vital role in the development of the country. Let’s discuss some of the topmost pharma companies in details:
Sun Pharmaceutical Industries Limited:
It was established in the year 1983, and its headquarter lies in Mumbai. It mainly manufactures medicines to cure psychiatry ailments. The company now offers formulations in various therapeutic fields like cardiology, psychiatry, diabetology, neurology, and gastroenterology. It is the most recognizing and 1st largest pharmaceutical company in the country.
Aurobindo Pharma Limited:
It is considered the 2nd largest pharmaceutical companies in India. It was established in 1986, and its headquarter is located at Hyderabad. It involves segments like APIs, Packaging and, Formulations. As per the latest survey, about 35% of its sales generate through APIs and 63% through the formulations business. It mainly manufactures antibiotics, cardiovascular, antiallergics, gastroenterological and central nervous system products. More than 300 products of this pharma are being sold in over 125 countries.
Torrent Pharmaceuticals Limited:
This company deals with the manufacturing and marketing of unbranded and branded generic formulations. It was started in 1959. At present, the company intends to consume most of the AIPs manufactured products, and only a small amount is sold to the consumers. The company is highly active in areas of diabetology, anti-infective, CV, pain segments, etc. It has also been manufacturing Insulin Novo Nordisk operations from the past 15 years. It operates in more than 50 countries and supplies more than 1000 products globally.
Lupin Limited:
A company founded in the year 1968, whose key business segments are Formulations and APIs. It manufactures medicines for therapies of cardiology, respiratory, anti-infective, diabetology, central nervous system, gynaecology, gastrointestinal, and oncology. They mainly produce generic and branded drugs. It is considered as one of the fastest growing pharma companies, even in Japan and the US.
Biocon Limited:
It was founded in 1978. In less than two decades, it successfully evolved as a biotechnology company. However, at present, it is considered a fully-incorporated biopharmaceutical company in India. Apart from India, this company owns 50 per cent of its sale in Abu Dhabi. It also has its branches in Switzerland, Malaysia, and Syngene. Based on the overall revenue, it is among the top 10 largest pharmaceutical companies in the country.
Divis Laboratories Limited:
Founded in 1990, the business segments of this company are Active Pharma Ingredients and Nutraceuticals. The company is headquartered in Mumbai. In spite of being an Indian company, only 8-10 % of its manufactured products are consumed here, and 90% of the product is exported to foreign countries. Due to which, it won’t be wrong to say that apart from manufacturing and spreading the cure of several diseases, it also helps in developing the economy of the country.
Abbott India Limited:
It was established in 1944, and it has its branch in the USA, under the name Abbott Laboratories USA. This company mainly manufactures drugs for women’s health, gastroenterology, thyroid, diabetes, neurology, vitamins, urology, pain management, and different other therapies. It also has a state-of-the-art formulation plant situated at Verna, Goa. Its main motive is to produce high volume and high-quality formulations.
Cipla Limited:
This pharmaceutical company was founded in 1952. It is the most renowned Indian Multinational Pharmaceutical and Biotechnology Company. It is headquartered in Mumbai. It produces medicines to treat arthritis, diabetes, weight control, cardiovascular disease, depression, and other medical issues. Its anti-malarial therapy holds over a 34% share of the market of the country.
Cadila Healthcare Limited:
This company was founded in 1952. It’s headquartered in Ahmadabad and is considered one of the best pharma companies in India. Its pharmaceutical products range in diagnostics, herbal products, skincare products, animal healthcare products, and other OTC products. This company has some other sites in the country including Ankleshwar Plant, Patalganga Plant, Navi Mumbai Plant, and Vadodara Plant.
Glenmark Pharma Limited:
Established in 1977, it is mainly a research-oriented organization. It is primarily engaged in developing high-quality generics and discovering novel molecules globally. The discoveries done by the company plays a vital role in the therapeutics field of oncology, dermatology and respiratory. The company’s headquarter lies in Mumbai. Apart from India, it sells its products in Russia and Africa as well.