The Indian pharmaceutical industry is known for its significant contributions to global healthcare. As of recent reports, the pharmaceutical industry in India has shown a growth rate of 8.8% in June 2024. This strong performance is due to new product launches, price increases, and rising demand. If you have been searching for the top 10 pharma companies in India, check out our curated list.
It shows the top 10 pharma companies in India by market cap for 2024.
Let’s begin…
Pharmaceutical Industry in India
The Indian pharmaceutical industry continues to make a significant impact. With some of the top pharma companies in India having decades of experience, recent data highlights their impressive growth.
- Growth Rate: The Indian pharmaceutical market grew by 8.8% in June 2024.
- Therapy Growth Rates:
- Respiratory therapies: +19.2%
- Anti-infectives: +17.2%
- Gastrointestinal therapies: +10.7%
- Annual Turnover: The moving annual turnover (MAT) for the Indian Pharmaceutical Market (IPM) from July 2023 to June 2024 was 7.6%.
- Leading Therapy Growth:
- Cardiac therapies: +9%
- Anti-infectives: +8.7%
- Gastrointestinal therapies: +8.4%
Top pharma companies in India, such as Cipla and Glenmark, have shown remarkable growth.
Here is the list of the top 10 pharma companies in India for 2024!
1. Sun Pharmaceutical Industries Ltd.
Sun Pharmaceutical Industries Ltd., founded by Dilip Shanghvi in 1983, leads the list of top 10 pharma companies in India by market cap. From its early days with just a few products, Sun Pharma has expanded globally.
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Today, it offers various medicines in areas like neurology, cardiology, and oncology. The company operates in over 80 countries. It is often termed as the best pharma company in India.
Key Figures and Stats:
- Market Cap: ₹4,39,522.16Cr
- Global Revenue (2024): $5.4 Billion
- Manufacturing Facilities: 43 worldwide
- Employee Count: Over 41,000
- Speciality Focus: Fast-growing global specialty segment
- Subsidiaries: More than 65 globally
2. Divi’s Laboratories Limited
Established in 1990, Divi’s Laboratories Limited stands on the second number on the list of top 10 pharma companies in India. It is a leading global manufacturer of Active Pharmaceutical Ingredients (APIs). The company currently serves over 95 countries with its high-quality pharmaceutical products.
Key Figures and Stats:
- CEO– Kiran S. Divi
- Market Cap: ₹134,459.85 Cr
- Employee Count: 17,000
- R&D Centers: 3
- Manufacturing Units: 3
Business Segments:
- Generic APIs, Custom Synthesis and Nutraceuticals
3. Cipla Limited
Cipla Limited, established in 1935 by Dr. K.A. Hamied, stands in 3rd position among the top 10 pharma companies in India. From its origins in Mumbai, Cipla has grown globally. It has a broad portfolio of over 1,500 products across various therapeutic areas. The company is known for its commitment to affordable healthcare.
Key Figures and Stats:
- Market Cap: ₹133,255.45 Cr
- Global Revenue (2024): $2.8 Billion
- Manufacturing Facilities: Multiple locations worldwide
- Employee Count: Over 25,000
- Specialty Focus: Comprehensive range including generics, APIs, and OTC products
- Subsidiaries: Over 55 globally
4. Torrent Pharmaceuticals Ltd.
Torrent Pharmaceuticals Ltd. was established in 1959 by the late Mr. Uttambhai Nathalal Mehta. It is the 4th largest pharmaceutical company in India by market cap. It began its operations from a small laboratory. However, currently, the company serves more than 50 nations globally. It offers a diverse product range across therapeutic areas such as cardiovascular, central nervous system, and diabetic care. It focuses on delivering high-quality health solutions.
Key Figures and Stats:
- Market Cap: ₹116,457.23Cr
- Revenue (FY 23-24): ₹10,728 Cr
- Distribution Centres in India: 23
- Specialty Focus: Cardiovascular, CNS, Diabetology, Pain Management, Vitamins, Onco-Gynaecology, etc.
- Subsidiaries: Spread across 12 nations with major setups in Brazil, Germany, and the US
Torrent Pharmaceuticals Ltd. has a distinguished history of growth and innovation.
5. Dr. Reddy’s Laboratories
You must have heard this name a lot. Dr Reddy’s Laboratories was established back in 1984 by Dr Kallam Anji Reddy. It stands as the 5th largest among the top 10 pharmaceutical company in India by market cap. From its origins in Hyderabad, India, Dr Reddy’s has grown into a global entity. It has a broad portfolio of products, including generics, branded generics, biosimilars, and over-the-counter pharmaceuticals. The company operates in over 25 countries worldwide.
Key Figures and Stats:
- Market Cap: ₹115,032.61Cr
- Revenue (Q3 FY24): ₹72,148 Cr
- Headquarters: Hyderabad, India
- Locations: Over 25 countries, including Romania, Russia, South Africa, Spain, Ukraine, the UK, and the US
- Specialty Focus: Gastroenterology, Cardiovascular Health, Diabetology, Oncology, Pain Management, Dermatology
- Products: Over 200 products, including Generics, Branded Generics, Biosimilars, and OTC Pharmaceuticals
Dr Reddy’s Laboratories has a rich history of innovation and expansion.
6. Zydus Lifesciences Ltd.
Zydus Lifesciences Ltd., originally established as Cadila Healthcare Ltd. in 1952 by Mr. Ramanbhai B. Patel, is a leading Indian pharmaceutical firm. Over its 72+ years of operation, Zydus has evolved into a global player in the healthcare sector. It provides pharmaceuticals, wellness solutions, and animal health products. Headquartered in Ahmedabad, India, Zydus Lifesciences Ltd. is known for its innovation.
Key Figures and Stats:
- Market Cap: ₹112,195.08 Cr
- Revenue (FY 23-24): ₹19,500 Cr
- Dividend History:
- May 17, 2024: ₹3.00 per share (300%)
- May 18, 2023: ₹6.00 per share (600%)
- Turnover: Over ₹19,500 crores in FY-24
- Products: Active pharmaceutical ingredients (APIs), formulations, wellness products, animal health products
- Owner/Founder: Mr. Ramanbhai B. Patel (late)
7. Lupin India Limited
Lupin India Limited is the 7th largest pharma company on the list of top 10 pharma companies. It was established in 1968 by Dr. Desh Bandhu Gupta. Dr. Gupta started with just ₹5,000 borrowed from his wife. Today, it has grown into a global entity with over 1,000 products.
Key Figures and Stats:
- Market Cap: ₹103,103 Cr
- Revenue (FY 2024): ₹66,564 Cr
- Headquarters: Mumbai, India
- Global Presence: Over 100 countries
- Manufacturing Plants in India: Aurangabad, Ankleshwar, Mandideep, Pune, Tarapur, Goa, Jammu, Vadodara, Indore, Nagpur, Visakhapatnam, Sikkim
- Products: Over 1,000, including Generics, Biosimilars, Specialty Drugs, APIs, and OTC Pharmaceuticals
- Subsidiaries: 35
Lupin specialises in areas like Oncology, Immunology, Metabolic Disorders, Gynecology, Cardiovascular Health, etc.
8. Mankind Pharma
Mankind Pharma was established in 1995 by Ramesh C. Juneja and Rajeev Juneja. Again, it offers a wide range of products that are commonly favoured by us. It is one of India’s leading pharmaceutical companies with a significant global presence. Headquartered in Delhi, Mankind Pharma has expanded its footprint across various international markets.
Key Figures and Stats:
- Market Cap: ₹98,138 Crore
- Global Revenue (FY24): ₹10,335 Crore
- Manufacturing Facilities: 25 factories in India
- R&D Centers: 6 in India
- Employee Count: Over 22,000
- Speciality Focus: Antibiotics, gastrointestinal, cardiovascular, dermal, and erectile dysfunction medications.
- Global Presence: Operates in 34 countries
9. Aurobindo Pharma Ltd
Founded on December 26, 1986, by Mr. P.V. Ramprasad Reddy and Mr. K. Nityananda Reddy, Aurobindo Pharma Ltd is the 8th largest pharmaceutical company in India. Originating from a small unit in Pondicherry, the company now operates globally with a diverse portfolio of over 300 products.
Key Figures and Stats:
- Market Cap: ₹91,831 Cr
- Stock Price: ₹1,472
- Headquarters: Hyderabad, India
- Global Presence: 150 countries
- Manufacturing and Packaging Facilities: 27
- Employees: 24,000+
- Dosage Forms Produced Annually: 40+ Billion
Aurobindo Pharma’s product range includes antibiotics, antiretrovirals, cardiovascular drugs, and more.
10. Alkem Laboratories Ltd.
Alkem Laboratories Ltd. was established in 1973. It is a leading Indian multinational pharmaceutical company with its headquarters in Mumbai. The company specialises in the development, manufacture, and sale of pharmaceutical generics, formulations, and nutraceuticals. Alkem operates both domestically and internationally.
Key Figures and Stats:
- Market Cap: ₹73,598 Cr
- Manufacturing Facilities: 19 production sites in India and the US
- Employee Count: Over 21,000
- Specialty Focus: A comprehensive range of pharmaceutical products, including generics, formulations, and nutraceuticals. The company boasts over 800 brands.
- Global Presence: Operates in 40 countries worldwide
Alkem Laboratories provides high-quality and accessible pharmaceutical solutions.
Conclusion
These top 10 pharmaceutical companies in India are driving advancements in healthcare with their specialised focus areas. Leading the pack is Sun Pharmaceutical Industries, renowned for its global presence and innovation in various therapeutic fields. Companies like Divi’s Lab and Cipla also stand out with their expertise in APIs and affordable healthcare solutions. These industry leaders continue to lead the list of best pharma companies.
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FAQs| Pharma Industry in India
Sun Pharma is the top pharmaceutical company in India in terms of market cap.
The top 10 pharma companies in India for 2024 are Sun Pharma, Divi’s Lab, Cipla, Torrent Pharma, Dr Reddy’s Labs, Zydus Lifesciences, Lupin, Mankind Pharma, Aurobindo Pharma, and Alkem Labs.
Dr Reddy’s Laboratories is ranked 5th among the top pharma companies in India on the basis of market cap.
The big 3 pharma companies in India are Sun Pharma, Divi’s Lab, and Cipla.
Cipla is the 3rd largest pharmaceutical company in India by market cap.
Both are top companies, but Sun Pharma leads the list of top 10 pharma companies in India based on the market cap and global presence.
Cipla is ranked 3rd among the top pharma companies in India based on market capitalisation.
The top 5 pharma companies in India are Sun Pharma, Divi’s Lab, Cipla, Torrent Pharma, and Dr Reddy’s Labs.
The big 5 pharmaceutical companies in India by market cap are Sun Pharma, Divi Labs, Cipla, Torrent and Dr Reddy Labs, based on market cap.
The top 10 largest pharma companies are Sun Pharma, Divi’s Lab, Cipla, Torrent Pharma, Dr Reddy’s Labs, Zydus Lifesciences, Lupin, Mankind Pharma, Aurobindo Pharma, and Alkem Labs.
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