Top 16 Pharmaceutical Companies in India

The India pharmaceutical market size reached US$ 54.6 Billion in 2023. As per the analysis by IMARC Group, the leading companies in the India pharmaceutical industry are investing heavily in research and development (R&D) activities to discover various novel drugs and therapeutics for curing life-threatening complications among the masses. These companies are also manufacturing vaccines for eradicating various viruses and bacteria causing infectious diseases. Besides this, they are planning on pricing their products at affordable rates so that individuals of various income groups can purchase them. Furthermore, the rapid digitalization of operations and surge in domestic production is offering lucrative growth opportunities to key players in India. Looking forward, the market value is expected to reach US$ 163.1 Billion by 2032, exhibiting a growth rate (CAGR) of 12.3% during 2024-2032.

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List of Top Companies Operating in the India Pharmaceutical Industry:

The India pharmaceutical market has several major players Abbott India Limited (Abbott Laboratories), Aurobindo Pharma Limited, Biocon Limited, Cadila Pharmaceuticals Limited (CPL), Cipla Limited, Divi’s Laboratories Limited, Dr. Reddy’s Laboratories Ltd., GlaxoSmithKline Pharmaceuticals Limited (GSK plc), Lupin Limited, Mankind Pharma Ltd., E. Merck India Private Limited, Novartis India Limited (Novartis AG), Pfizer Healthcare India Pvt. Ltd. (Pfizer Inc.), Procter & Gamble Health Limited (The Procter & Gamble Company), Sun Pharmaceutical Industries Ltd., and Torrent Pharmaceuticals Ltd. (Torrent Group). More information about these companies has been provided below.

1. Abbott India Limited (Abbott Laboratories)

Abbott India Limited (Abbott Laboratories) is a pharmaceutical company that focuses on advancing leading-edge science and technologies that hold the potential to improve health conditions significantly. The company strives to gain the trust of those whom it serves by committing to the highest standards of quality, excellence, and behavior characterized by honesty, fairness, and integrity. It develops and distributes over 600 products for healthcare professionals that promote the well-being of patients in all stages of life.

2. Aurobindo Pharma Limited

Aurobindo Pharma Limited focuses on continuously researching, developing, and manufacturing a wide range of pharmaceutical products that comply with high regulatory standards. The company has evolved as a knowledge-driven organization manufacturing active pharmaceutical ingredients and formulation productions. It is one of the largest research and development facilities in India with five research centers, and employs over 1560 scientists and analysts for in-house expertise in product manufacturing and development.

3. Biocon Limited

Biocon Limited is a global biopharmaceutical organization that is changing the lives of patients by finding new and affordable ways to treat diabetes, cancer, and various autoimmune diseases. The company focuses on pipeline production and manufactures high-quality and affordable healthcare products. It heavily invests in innovative science and technology to develop path-breaking therapies for transforming lives and produce medicines that are safe and effective.

4. Cadila Pharmaceuticals Limited (CPL)

Cadila Pharmaceuticals Limited (CPL) engages in innovations of lung cancer, tuberculosis, cardiovascular diseases, and gastroenterology. The company focuses on developing and distributing affordably priced medications for patients around the world. It invests in an innovation-led drug discovery process that ensures the health and well-being of people with medical miracles.

5. Cipla Limited

Cipla Limited focuses on ensuring access to high-quality and affordable medicines to support patients in need. The company has a humanitarian approach to healthcare and deep-rooted community links where it is present. It also ensures that quality is embedded at every stage of operations, including procurement, manufacturing, delivery, and safe product disposal.

6. Divi’s Laboratories Limited

Divi’s Laboratories Limited is one of the top pharmaceutical companies in India with two manufacturing units. The company is a reliable supplier of generic active pharmaceutical ingredients, intermediates, and registered starting materials. It aims to be a responsible business, adding value via its core competency in the area of chemistry while adhering to its core values and serving the immediate community.  

7. Dr. Reddy’s Laboratories Ltd.

Dr. Reddy’s Laboratories Ltd. specializes in providing access to affordable, effective, and innovative medications to healthcare providers and patients. The company leverages its research and development expertise, end-to-end manufacturing, and development expertise to deliver its promises to patients around the world. It also possesses an extensive portfolio of complex active pharmaceutical ingredients and drug master files across key therapy areas, such as oncology, cardiovascular, central nervous system, and anti-diabetes.

8. GlaxoSmithKline Pharmaceuticals Limited (GSK plc)

GlaxoSmithKline Pharmaceuticals Limited (GSK plc) specializes in uniting science, technology, and talent to get ahead of diseases with healthcare professionals. The company focuses on the science of the immune system, human genetics, and advanced technologies, such as functional genomics, artificial intelligence (AI), and machine learning (ML). It has an extensive portfolio of generic medicines and vaccines that is driven by scientific innovation and research.

9. Lupin Limited

Lupin Limited started as a manufacturer of iron and folic acid tablets and is now one of the leading pharmaceutical organizations in India. The company commenced operations as a manufacturer of vitamins and soon started producing drugs to combat tuberculosis. It has grown and expanded into new areas and regions, manufacturing drugs that extend the promise of good health to communities.

10. Mankind Pharma Ltd.

Mankind Pharma Ltd. is one of the largest pharmaceutical companies in India that is engaged in developing, manufacturing, and marketing a diverse range of pharmaceutical formulations. The company operates at the intersection of the Indian pharmaceutical formulations and consumer healthcare sectors with the aim of providing quality products at affordable prices. It comprises a broad product portfolio consisting of formulations across various acute and chronic therapeutic areas, including anti-infectives, cardiovascular, gastrointestinal, anti-diabetic, neuro, vitamins, minerals, and nutrients.

11. Merck Life Science Private Limited (Merck KGaA)

E. Merck India Private Limited, a subsidiary of the Procter & Gamble Health Limited, focuses on heavily investing in the research and development of new therapies and medical technologies. The company also specializes in fertility technologies to further increase the possibility of in-vitro fertilization (IVF) success. It also invests in developing and delivering breakthrough therapies in allergen immunotherapy, neurology and immunology, and oncology.

12. Novartis India Limited (Novartis AG)

 
Novartis India Limited (Novartis AG) is committed to drug development, manufacturing, commercial, and social business services. It is one of the three legal entities of Novartis AG in India, and the other two are Novartis Healthcare Private Limited and Sandoz Private Limited. The company has a rich portfolio of innovative and established medicines used for various therapeutic benefits in eye care, cardiovascular, immunology, metabolic, oncology, and respiratory. 

13. Pfizer Healthcare India Pvt. Ltd. (Pfizer Inc.)

Pfizer Healthcare India Pvt. Ltd. (Pfizer Inc.) is one of the top pharmaceutical manufacturers in India that maintains its quality and ensures the safety, efficacy, and dependability of every Pfizer product. The company has a state-of-the-art local market supply facility that manufactures over 4 billion oral contraceptives, steroid tablets, and general tablets annually. It also specializes in maintaining all manufacturing operations in full compliance with local laws and in line with stringent global Pfizer quality and environment, health, and safety (EHS) standards.

14. Sun Pharmaceutical Industries Ltd.

Sun Pharmaceutical Industries Ltd. manufactures high-quality and affordable medicines which are trusted by healthcare professionals and patients. The company invests in the research and development of pharmaceutical formulations covering a broad spectrum of chronic and acute therapies. It also manufactures generics, branded generics, specialty, complex or difficult-to-make technology-intensive products, antiretrovirals, active pharmaceutical ingredients, and intermediates.

15. Torrent Pharmaceuticals Ltd. (Torrent Group)

Torrent Pharmaceuticals Ltd. (Torrent Group) has a significant presence in diabetology, pain management, gynecology, oncology, and anti-infective segments. The company invests in world-class manufacturing facilities, advanced research and development capabilities, an enhanced domestic network, and a widespread global presence in over 40 countries. It focuses on providing quality medicines at affordable prices to patients by safeguarding both the qualitative and quantitative aspects of manufacturing technologies and facilities.

16. Procter & Gamble Health Limited (The Procter & Gamble Company) 

Procter & Gamble Health Limited (The Procter & Gamble Company) is a one of the largest vendor management system (VMS) companies in India that focuses on enhancing the lives of its consumers with small and meaningful steps. It manufactures a wide variety of oral care, healthcare, and feminine care products along with vitamins, minerals, and supplement products. It heavily invests in research and development (R&D) activities to carry out proper tests and evaluate the ingredients used in its products.

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