Top 10 Pharma Companies in India 2023 list

Top 10 pharma companies in India

In this blog, we will discuss the top 10 pharma companies in India based on their revenue and market share that are driving the growth of the industry and contributing significantly to the country’s economy.

India is known as the “Pharmacy of the World” due to its robust pharma companies. The Indian pharma sector is the third-largest in the world by volume and thirteenth largest by value. The country is home to several top pharma companies that have gained recognition globally for their quality products, innovative research and development, and affordable prices.

India is one of the largest producers of generic medicines in the world and the country’s pharmaceutical industry is expected to reach a value of $100 billion by 2025. The industry is growing rapidly, driven by factors such as the country’s large population, increasing access to healthcare, and the rise of lifestyle diseases.

Sun Pharmaceutical Industries Ltd

Sun Pharmaceutical Industries Ltd is the largest pharmaceutical company in India, with a revenue of USD 5 billion in FY 2022. The company was founded in 1983 by Dilip Shanghvi and is headquartered in Mumbai. The company has a diversified product portfolio that includes specialty generics, branded drugs, and active pharmaceutical ingredients (APIs). Sun Pharma has a strong presence in the US and European markets, and it is the world’s fifth-largest specialty generic pharmaceutical company.

Aurobindo Pharma Ltd 

Aurobindo Pharma Ltd is the second-largest pharmaceutical company in India, with a revenue of USD 2.9 billion in FY 2022. The company was founded in 1986 by V. Ramprasad Reddy, K. Nityananda Reddy, and K. Satyanarayana Reddy and is headquartered in Hyderabad. The company has a strong global presence with operations in over 150 countries. Aurobindo Pharma has a strong research and development team that focuses on developing complex generics and biosimilars. Aurobindo Pharma has a strong presence in the US, Europe, and India, and it is one of the fastest-growing generic pharma companies in the world.

Cipla Ltd

Cipla Ltd is the third-largest pharmaceutical company in India, with a revenue of USD 2.7 billion in FY 2022. The company was founded in 1935 Khwaja Abdul Hamied and is headquartered in Mumbai. Cipla has a strong presence in the domestic and international markets, and it is one of the world’s largest generic pharma companies. Cipla has a strong research and development team that focuses on developing innovative products for various therapeutic segments.

Dr. Reddy’s Laboratories Ltd

Dr. Reddy’s Laboratories Ltd is the fourth-largest pharmaceutical company in India, with a revenue of USD 2.2 billion in FY 2022. The company was founded in 1984 K. Anji Reddy and is headquartered in Hyderabad. Dr. Reddy’s is specializes in the manufacture and marketing of generic drugs, biosimilars, and branded drugs. Dr. Reddy’s Laboratories has a strong presence in the US, Europe, and India, and it is the world’s third-largest generic pharmaceutical company.

Lupin Ltd

Lupin Ltd is the fifth-largest pharmaceutical company in India, with a revenue of USD 1.9 billion in FY 2022. The company was founded in 1968 by Desh Bandhu Gupta and is headquartered in Mumbai. Lupin has a strong presence in the US, Europe, and India, and it is the world’s seventh-largest generic pharmaceutical company. Lupin is specialized in the manufacture and marketing of generic drugs, biosimilars, and branded drugs. Lupin has a strong research and development team that focuses on developing complex generics and biosimilars. It is one of the largest pharma companies in India.

Cadila Healthcare Ltd

Cadila Healthcare Ltd is a leading pharmaceutical company in India, with a revenue of USD 1.9 billion in FY 2022. The company was founded in 1952 by Ramanbhai Patel and is headquartered in Ahmedabad. The company has a strong research and development team that focuses on developing new drugs for various therapeutic segments. Cadila Healthcare has a strong presence in the US, Europe, and India, and it is one of the largest pharma companies in India.

Alkem Laboratories Ltd

Alkem Laboratories is a leading pharmaceutical company in India, with a revenue of USD 1.3 billion in FY 2022. The company was founded in 1973 by Samprada Singh and is headquartered in Mumbai. Alkem Laboratories is a research-driven pharmaceutical company that specializes in the manufacture of generic drugs and active pharmaceutical ingredients. The company has a strong focus on research and development and has a broad product portfolio. Alkem Laboratories has a significant presence in international markets, particularly in the US and Europe. It is one of the largest pharma companies in India.

Divi’s Laboratories Ltd

Divi’s Laboratories Ltd is a leading pharmaceutical company in India, with a revenue of USD 1.1 billion in FY 2022. The company was founded in 1990 by Murali Krishna Prasad Divi and is headquartered in Hyderabad. Divi’s Laboratories is primarily focused on the manufacture of active pharmaceutical ingredients (APIs) and intermediates, and it has a forceful presence in the US, Europe, and India. It is one of the largest pharma companies in India.

Biocon Ltd

Biocon Ltd is a leading biopharmaceutical company in India, with a revenue of USD 1.1 billion in FY 2022. The company was founded in 1978 by Kiran Mazumdar-Shaw and is headquartered in Bangalore. Biocon has a strong research and development team that focuses on developing biosimilars and innovative drugs for various therapeutic segments. Biocon has a strong presence in the US, Europe, and India, and it is one of the world’s largest insulin manufacturers and one of the largest pharma companies in India.

Torrent Pharmaceuticals Ltd

Torrent Pharmaceuticals Ltd is a leading pharmaceutical company in India, with a revenue of USD 1.1 billion in FY 2022. The company was founded in 1959 by Uttambhai Nathalal Mehta and is headquartered in Ahmedabad. Torrent Pharmaceuticals Ltd has a strong research and development team that focuses on developing innovative drugs for various therapeutic segments. It has a strong presence the US, Europe, and India, and it is one of the largest pharma companies in India.

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