India is the world’s largest supplier of generic drugs. The Indian pharmaceutical industry meets more than half of the global demand for various vaccines, 40% of generic demand in the United States, and 25% of total medicine in the United Kingdom. So, Globally, India ranks third in pharmaceutical production by volume and fourteenth in value. The domestic pharmaceutical industry comprises 3,000 pharmaceutical companies and 10,500 manufacturing units. India holds a significant position in the global pharmaceutical industry.
The country also has a large pool of scientists and engineers who have the potential to propel the industry forward. Few of the best pharmaceutical companies in India currently supply more than 80% of the antiretroviral drugs used globally to combat AIDS (Acquired Immune Deficiency Syndrome).
Top Indian companies in pharma
Some of the best pharmaceutical companies in India have done pioneer work.
Sun Pharmaceutical Industries
It is India’s largest multinational pharmaceutical company. Sun Pharmaceuticals was founded in 1983. Mr. Dilip Shanghvi, also the MD of Sun Pharmaceuticals, founded it. So, The company began selling products to treat psychiatric disorders. So, The company now provides formulations in various therapeutic, gastroenterology, and diabetology areas. Sun Pharmaceutical Industries is one of India’s best pharma company based on total revenue. So, It is the world’s fourth-largest specialty generic pharmaceutical company. It also sells anti-cancer, steroids, peptides, sex hormones, controlled substances, Carbamazepine, Etodolac, and Clorazepate.
Dr. Reddy’s Laboratories
Anji Reddy founded Dr. Reddy’s Laboratories in 1984. It is a multinational pharmaceuticals company based in India. It is one of the best pharma company in India and abroad for producing a wide range of pharmaceuticals. They have over 190 medications and 60 active pharmaceutical ingredients, diagnostic kits, critical care products, and biotechnology products for drug manufacturers.
It is a multinational pharmaceutical and biotechnology company headquartered in Mumbai, founded in 1935 by Khwaja Abdul Hamied. Cipla’s Non-Executive Chairman is Yusuf Hamied. Based on total revenue, it is India’s fourth-largest pharmaceutical company. This Indian pharmaceutical company focuses on developing medicines to treat respiratory, cardiovascular, arthritis, diabetes, weight control, depression, and other conditions.
Satish Ramanlal Mehta, the founder of Emcure Pharmaceuticals, founded the company in 1983 in Pune. So, Emcure Pharmaceuticals was founded to address the vision of meeting the world’s vast healthcare needs. Emcure Pharmaceuticals began as a single manufacturing facility in Pune and has since expanded to include several world-class manufacturing facilities in API, formulations, and biotechnology.
Cadila Healthcare Limited
Cadila Healthcare Limited began operations in 1952. Zydus Cadila is another name for it. So, It is a pharmaceuticals company based in Ahmedabad, India. Cadila Healthcare Limit is also know for its excellent diagnostics and for producing herbal, skincare, and other OTC products. Based on the voluntary license agreement with Gilead, the company also produces generics for hepatitis C treatment.
India is the world’s 12th largest exporter of medical goods. The pharmaceuticals sector accounts for 6.6 percent of total merchandise exports in the country. Indian drugs are export to over 200 countries worldwide, with the United States being the most critical market. Generic drugs account for 20% of global export volume, making the country the world’s largest provider of generic medicines.