Top 10 Best Pharmaceutical Companies In India 2024

It is anticipated that the pharmaceutical business in India will continue to experience tremendous growth in the years to come, as it is already a formidable force and ranks among the largest in the entire industry. This expansion is being driven by a number of causes, such as a considerable and continuously expanding population, a rapidly expanding middle class with increased disposable income for healthcare, and an increasing desire for pharmaceuticals that are within reasonable price ranges.

Top 10 Best Pharmaceutical Companies In India 2024

1. Sun Pharmaceutical Industries Ltd.

 

 

 

 

 

Sun Pharmaceutical Industries Ltd., also known as Sun Pharma, is a formidable competitor in the pharmaceutical sector of the Indian economy and a significant player on the international scene. The business is responsible for the production and distribution of a diverse assortment of pharmaceutical formulations and active pharmaceutical ingredients (APIs) in more than one hundred countries spread around the world. It holds the position of being the fourth largest specialty generic pharmaceutical company in the world and the largest pharmaceutical firm currently operating in India. It is an Indian Multinational

2. Aurobindo Pharma

Aurobindo Pharma Ltd. is a prominent participant in the Indian pharmaceutical industry, possessing a substantial global presence. Aurobindo Pharma, well-known for its premium generic medications and active pharmaceutical ingredients (APIs), provides a wide range of products at reasonable costs.

3. Lupin Ltd

Lupin Limited is a major Indian pharmaceutical company with global reach. Lupin sells generic and branded drugs worldwide, known for quality, affordability, and innovation. Dr. Desh Bandhu Gupta founded Lupin in Mumbai, India, in 1968 to enhance health. Lupin started by using science to create high-quality drugs. Over time, the company has developed enormously, reaching over 100 countries and employing over 20,000 people.

4. Cipla

Cipla Limited is a significant Indian pharmaceutical corporation with a global presence. Cipla, known for “Caring for Life,” offers a wide choice of high-quality, affordable pharmaceuticals. Dr. Khurshed Prasad (K.A.) Hamied founded Cipla in Mumbai, India, in 1935, prompted by the shortage of inexpensive healthcare. Cipla’s basic concept was to provide critical medicines to anyone, regardless of income. For almost 80 years, the company has prioritized affordability.

5. Dr. Reddy’s Laboratories

Indian pharmaceutical giant Dr. Reddy’s Laboratories Ltd. (Dr. Reddy’s) operates globally. They specialize on generics, APIs, and biopharmaceuticals. Dr. Anji Reddy, a young entrepreneur from Hyderabad, India, founded Dr. Reddy’s in 1984. In the generics sector, Dr. Reddy’s became known for quality and price. Over time, the company has spread to over 150 countries and employed over 20,000 people. Divi’s Laboratories is one of the largest active pharmaceutical ingredient manufacturers in the world.

6. Abbott India

Abbott India Ltd., a subsidiary of Abbott Laboratories, is a major Indian pharmaceutical company. They provide a comprehensive range of medications, medical equipment, and diagnostics for healthcare needs. Abbott India was founded in 1944 as Boots Pure Drug Company (India) Ltd. The corporation changed names multiple times before settling on its current name in 2002. Abbott India prioritises Indian healthcare requirements using Abbott Laboratories’ global knowledge.

7. Alkem Laboratories

Indian pharmaceutical company Alkem Laboratories Ltd. is growing. The Mumbai-based company makes branded generics in many therapeutic areas. Established players dominate the Indian industry, but Alkem Laboratories’ strategic approach and quality dedication are establishing a place. From 1973, Samprada Singh envisioned Alkem Laboratories. The company has evolved significantly over the past 50 years from a small product line. Alkem Laboratories has a strong product range and reputation in the Indian pharmaceutical sector.

8. Divi’s Laboratories

 

 

 

 

Divi’s Laboratories Limited is a large Indian pharmaceutical company with a twist. Divi’s emphasizes APIs and intermediates, unlike other pharmacy chains. Many of our drugs depend on these essential chemicals. Divi’s Laboratories was started by Murali Divi in 1990 as Divi’s Research Centre. The first focus was on commercializing API and intermediate manufacturing methods. In 1994, the company became Divi’s Laboratories Limited and opened its first manufacturing plant to meet rising demand for these vital components. Divi’s APIs and intermediates are trusted worldwide due to strategic planning and quality.

9. Mankind Pharma

In the Indian pharmaceutical industry, Mankind Pharma Ltd. has established itself. Mankind Pharma, based in Delhi, develops, manufactures, and markets pharmaceutical formulations for diverse therapeutic areas. Providing excellent pharmaceuticals at low pricing has made them a major player in India’s enormous and developing domestic market. Mankind Pharma was founded in 1991 with ₹5 million seed funding and the vision of brothers Ramesh C. and Rajeev Juneja. The 20-person startup concentrated on two states in its first year. Through strategic expansion and affordability, Mankind Pharma has become a major force in the Indian pharmaceutical business, employing over 23,000 people and generating over ₹10,335 crore in revenue.

10. Glenmark Pharmaceuticals

 

 

 

 

Glenmark Pharmaceuticals Limited is a major Indian pharmaceutical company with a global presence. Glenmark has a wide range of affordable generic medications and APIs known for their quality. Glenmark started in 1977 with an aim for cheap medication. The absence of accessible healthcare motivated Gracias Saldanha to create the firm in Mumbai, India, after his two boys. Glenmark first sold generics in India, Russia, and Africa. Quality and affordability drove the company’s growth. Glenmark went public in India in 1999, using revenues to develop its first research center. In 2001, Saldanha’s son Glenn became CEO after returning to India from PricewaterhouseCoopers. Glenmark grew rapidly under his supervision, becoming India’s fifth-largest pharmaceutical business by 2008. Is known for its commitment to discovering novel medicines and enhancing healthcare outcomes.