The Indian Pharmaceutical Industry is a mammoth industry, whose annual turnover at present is about US $30 Billion, which is expected to cross the mark of US $50 Billion by the year 2020. The reason behind the growth of the Indian Pharmaceutical Industry is increase in sales of pharmaceutical products as people are becoming conscious about health.
It is expected that the India will be among the top three largest pharmaceutical markets in the world in the coming time. India offer huge potential and opportunities for pharma companies to grow, which has led to the entry of domestic as well as multinational companies in this segment. To know the top 10 pharma companies in India 2016, checkout the list given below:
10. Glenmark Pharmaceuticals Limited
Glenmark Pharmaceuticals Limited is a leading pharma company in India, which was established in the year 1977. Headquartered in Mumbai, Glenmark Pharmaceuticals Limited has a workforce of more than 11,500 employees and operates in over 90 countries in the world.
9. Torrent Pharmaceuticals Limited
Torrent Pharmaceuticals Limited produces more than 1,200 pharma products and occupied ninth spot in the list of top 10 pharma companies in India 2016. Incorporated in 1959, Torrent Pharmaceuticals Limited operates in more than 40 countries in the world and some of its major markets are USA, Philippines, Germany and Mexico.
8. Divis Laboratories Limited
Divis Laboratories Limited is the next pharma company in this list, which was started in the year 1990. Within a short period of time, Divis Laboratories Limited has emerged as a leading player in the Indian Pharmaceutical industry.
It has manufacturing facilities in Hyderabad and Visakhapatnam, which are equipped with the state of the art technology. The company manufactures a wide range of quality pharma products for different therapeutic segments.
7. GlaxoSmithKline Pharmaceuticals Limited
GlaxoSmithKline Pharmaceuticals Limited is among the oldest pharma companies in India and number seven in the list of top 10 pharma companies in India 2016. Established in 1924, GlaxoSmithKline is a trusted pharma company that offer a wide range of products for therapeutic segments like dermatology, respiratory, gynaecology, etc.
6. Cadila Healthcare Limited
Established in 1952, Cadila Healthcare Limited has 8 state of the art manufacturing plants and presence in more than 25 countries in the world. Cardiology, Respiratory, Anti-infectives and Dermatology are some of the therapeutic segments, of which the company offer products.
5. Aurobindo Pharma Limited
Founded in the year 1986, Aurobindo Pharma Limited is a swiftly growing pharma company that exports its products to more than 125 countries in the world. Headquartered in Hyderabad, Aurobindo Pharma Limited has a workforce of more than 11,000 employees and operates more than ten manufacturing facilities.
4. Cipla Limited
Cipla Limited is among the biggest pharma companies in the country, which was started in 1935. The company has more than 35 manufacturing facilities and holds a significant market share of pharma products sold in the country.
3. Dr Reddy’s Laboratories
Next is Dr Reddy’s Laboratories, a leading pharma company that came into existence in 1984 and presently operates in more than 20 countries in the world. It is among the most trusted brands in the country and known for offering quality pharma products at optimum prices.
2. Lupin Limited
Lupin Limited is another major player in this segment and number two in the list of top 10 pharma companies in India 2016. The company was established in the year 1968 and presently has presence in more than 100 countries in the world.
India, Japan, South Africa, Europe and Mexico are some of the key markets of the company. The company develops more than 5,000 products related to different therapeutic segments.
1. Sun Pharmaceutical Industries Limited
Sun Pharmaceutical Industries Limited is the biggest pharma company in India, which was started in the year 1983. Headquartered in Mumbai, Sun Pharmaceutical has more than 45 manufacturing facilities and offer pharmaceutical products to over 150 countries in the world.
It is one of the most trusted pharmaceutical companies in India and offer more than 2,000 products. The company has a workforce of more than 30,000 employees and manufacture pharma products related to therapeutic segments like cardiology, respiratory, psychiatry, oncology, etc.