Pharmaceutical Industry in India
Pharmaceutical industry is the leading and highly formulated sector in India. It is one of the fastest growing sector in indian economy. The Indian Government has started to encourage the growth of drug manufacturing by Indian companies in the early 1960s and with the Patents Act in 1970. This industry practices in terms of technology, quality and series of medicines fabricated. India has achieved enormous attention and sculpted a slot for itself in the pharmaceutical realm and the product includes simple headache pills to refined antibiotics and also complicated cardiac compounds. Pharma industry encourages the possible improvement in the crucial field of medicines by endorsing the quality producers and many units allowed by administrative authorities in USA and UK. Pharmaceutical market was established in 1970’s but it was tenous. Indian companies are domineering in the market place which was consistently guarded by MNC’s. As of 2023, the Indian pharmaceutical industry is the world's 13th largest by value and third largest in the world by volume.
Leading Companies in Pharmaceutical Industry
1. Sun Pharmaceutical
Sun pharmaceutical industries limited was known as sun pharma was founded in 1983. It goals an ample spectrum of persistent and intense treatments, Active Pharmaceutical Ingredients (APIs) and creations are Sun Pharma’s specialised areas and cardiology, nephrology, dental and all other departments are included in the therapeutic section of sun pharmaceutical. Sun pharma was the India’s largest pharmaceutical company.
2. Lupin Pharmaceuticals
Lupin Limited is a multinational pharmaceutical company headquartered in Mumbai. This company mainly concerned about the gastroenterology, cardiology, oncology and diabetology, which is one of the fastest growing pharmaceutical company in India. BITS-Pilani in Rajasthan, Dr. Desh Bandhu Gupta entrenched Lupin and today this is one of the fastest growing pharmaceutical companies.
3. Dr. Reddy’s Labs
Dr.Reddy’s Labs provide a wide range of pharmaceutical products and has 60 APIs and 190 medications to delight various kinds of ailments. It is the third largest pharmaceutical company in India. They produce Biosimilars, propriety products and active ingredients.
4. Cipla
Cipla presented medicines for the cure of diseases like diabetes, depression, fatness and cardiovascular diseases. They are biggest biotechnology and Pharmaceutical international firm in India. Formulations and APIs are made at 34 Cipla plants spread across the country. It is the fourth leading pharmaceutical company in India.
5. Aurobindo Pharma
Aurobindo Pharma Limited produces APIs and generic pharmaceuticals. The company was founded by K.Nithyananda Reddy and P.V.Ramaprasad Reddy. Mainly 6 therapeutic areas of meditation are mentioned by the company are anti-allergic, gastroenterology, antibiotics, antiretrovirals, cardiology and central nervous system.
6. Cadila Healthcare
Cadila Healthcare has 20 diverse industrial locations across the country and is headquartered in western Indian state of Gujarat.
7. GlaxoSmithKline Pharmaceuticals
They are the oldest and most skilled companies with top research-based health management and pharmaceutical companies. The parts they have in touch with medication are oncology, gynaecology, dermatology, diabetes and respiratory products. Also it provides vaccines for pertussis, hepatitis B, hepatitis A, tetanus, chickenpox, flu, cervical cancer and many more.
8. Glenmark Pharmaceuticals
Glenmark focusing in the marketing and development of APIs and Formulations in sections like dermatology, ENT, gynaecology, internal medicine and paediatrics. This is an Indian pharmaceutical company headquartered in Maharashtra and produce Active Pharmaceutical Ingredients.
9. Divi’s Laboratories
This company mainly dedicated on the progress of modern innovative techniques of manufacturing pharmaceutical intermediates and other APIs. Divi’s Laboratories produces Generics, Intermediates, Protected Amino Acids and Chiral Synthesis.
10. Torrent Pharmaceuticals
Torrent pharmaceuticals plays a chief role in therapeutic domain such as spanning over segments like diabetology, gastroenterology, central nervous system and cardio vascular. This company operated over 50 countries and has a powerful existence in India.
11. Pfizer
Pfizer is an international biotech and pharmaceutical company that develops drugs, vaccines and therapies for treatment of diseases, prevention and overall wellness. The products of Pfizer includes household brands like Advil, Viagra, Robitussin, Zoloft and Covid-19 vaccine. Pfizer is based in New York. The company expanded its functions in India in 1950 onwards. The company has three manufacturing plants and numerous offices throughout the country.
12. Zydus Lifesciences
Zydus Lifesciences distributes formulations, biologics, generics and vaccines domestically and internationally. The company has more than 1,400 researchers spread across 19 places in india. It is an Ahmedabad-based company. They contributes to the development of novel therapeutics, such as the world’s first needle-free, plasmid DNA vaccine for Covid-19, ZyCoV-D etc through the research-driven innovation program.
13. Mankind Pharma
Mankind Pharma is the fourth largest pharmaceutical company in india in terms of sales. They are known for providing access to cost-effective prescription medications and over-the-counter products. The company was established in 1991. Mankind Pharma has more than 25 factories and six research and development facilities throughout the country.
14. Ajanta Pharma
Ajanta Pharma has more than 1,400 branded and generic formulations that are distributed domestically and internationally. The company was established in 1973. They focuses on cardiology, ophthalmology, pain management and dermatology. The products of Ajanta Pharma includes variety of tablets and capsules.
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