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Are you in search for the top pharma companies in India? If yes, then soon you will be knowing about them but before that let us explore some amazing facts about the Indian Pharma Market.
Indian Pharma companies are the leading producers of cost-effective generic medicines and vaccines, worldwide. They account for the supply of 20% of the total global demand of medicines and vaccines, by volume.
The Indian pharmaceutical industry contributes to 2% of the global industry in value and 10% in volume terms. The Indian Pharma Market has well established domestic pharmaceutical industry with a wide network that includes 3000 national and multinational drug companies and more than 10,500 manufacturing units.
Pharmaceutical Department of Indian Government aims to make India a major hub for end-to-end drug discovery, through its initiation, The Pharma Vision 2020. The top pharma companies of India, like SUN PHARMA, Cipla, etc. hold a strong position in the global drug supply chain and play an integral role in developing and progressing the pharmaceutical industry.
India’s current Foreign Direct Investment (FDI) policy allows 100 percent FDI under automatic route in greenfield pharmaceutical projects and up to 100 percent FDI under government approval in brownfield projects.
To include India in the top 10 countries in term of medical spending, government is projected towards increasing the medical spending in India by 9-12 percent by the next five years. The Indian government is constantly taking steps and action to reduce costs and bring down healthcare expenses at low, in order to make it available to poor people easily.
Here I am discussing about the top 3 pharma companies in India, read to know about them.
Sun Pharmaceuticals Industries Limited
It is an Indian multinational pharmaceutical company, that has its headquarters established in Mumbai, Maharashtra. The company was founded in the year 1983 by Dilip Sanghvi, in Vapi district of Gujarat. Currently Mr. Dilip Sanghvi is also serving post of the Managing Director of Sun Pharma.
Initially this company produced five products that were used to treat psychiatry ailments. Now it is popular for the manufacturing and selling of pharmaceutical formulations and active pharmaceutical ingredients (APIs).
Currently company’s major therapeutic (drug category) areas include cardiology, psychiatry, neurology, gastroenterology, and diabetology. The company also supplies the active pharmaceutical ingredients such as warfarin as blood diluters, carbamazepine as anti-convulsant, etodolac as NSAID, and clorazepate as well as anti-cancers, steroids, peptides, sex hormones, and controlled substances.
In the year 2014, Sun Pharma acquired another pharma company known as Ranbaxy and declared itself as the India’s top pharma company in terms of turnover. In the year 2019, it announced a net worth of US$390 million, with 32,000 employees working in it.
It also has collaboration with many foreign companies that proved to be the major milestones for the company’s development and success. The company is looking forward to build a global specialty pipeline with focused research and development (R&D) investments with its demerged arm SPARC. The principal focus areas for specialty portfolio include segments like dermatology, ophthalmology, and oncology.
Cipla Limited
The other popular name in the Indian Pharma Market is Cipla. It was founded by Khawaja Abdul Hameed in the year 1935 in the city of Mumbai. At that time, it was popular as ‘The Chemical, Industrial and Pharmaceutical Laboratories’.
Cipla is the leading manufacturer of antiretroviral drugs in the world and a therapy leader for anti-malarial with a market share of over 34% in India. The company also hold the record of manufacturing world’s first oral iron chelator with the name, Deferiprone in 1995.
It has a good sale of Active Pharmaceutical ingredients, to other manufacturers for the purpose of marketing. It also has a sale of pharmaceutical and personal care products, including Escitalopram (anti-depressant), Lamivudine, and Fluticasone propionate.
All over India, Cipla has total 34 manufacturing units in 8 locations. If we talk about worldwide network, then Cipla has its presence in total 80 countries with around 26000 employees working in it.
Cipla has a total net worth of US$4 billion with an increase of 4.83 % over the revenue. The company spends over 7.4% of its revenue on R&D (Research and Development) activities.
Aurobindo Pharma
The third on the list of top pharma companies of India is, Aurobindo Pharma Limited. It was founded by P.V. Ramprasad Reddy and K. Nityanand Reddy in 1986. Its headquarters is in HITEC CITY, Hyderabad, India.
Although it was founded in the year 1986 but it commenced it operation two years later in 1988-89 with a single unit manufacturing semi-synthetic penicillin (SSP) in Puducherry. In addition to be the market leader in Semi-Synthetic Penicillin, it has a presence in key therapeutic segments such as neurosciences, cardiovascular, anti-retroviral, anti-diabetics, gastroenterology, and anti-biotics, among others.
It has a total of two manufacturing units worldwide and with more than 22000 employees globally working in it. It’s net worth for the year 2018-19 was US$ 2.8 billion. In the year 2018 -19, it launched 50 new products that included 12 injectables.
The company now is planning to expand its product portfolio. For this soon company will be manufacturing high-value therapeutic products in segments of oncology, hormones biosimilars and novel drug delivery solutions like depot injections, inhalers, patches, and films.
The company works on the principle of LEAP, where LEAP stands for Lead with a range of products; Expand into new areas; Attaining capabilities and strengthening compliance; Promote an execution-oriented growth mindset.
The other names in the top pharma companies of India are Dr. Reddy’s Laboratories Limited, Lupin Limited, Glenmark Pharmaceuticals, Cadila Healthcare Limited and others. Here I am listing the names of the top 10 pharma companies in India in 2020:
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