Top 15 Pharmaceuticals Companies in India

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In this article, we will take a look at the top 15 pharmaceutical companies in India. For more companies, click Top 5 Pharmaceutical Companies in India.

India is the largest producer of generic medications and vaccines worldwide. It makes up about 20% of the entire amount of generic drug supply in the world. With almost 200 nations receiving Indian pharmaceutical exports, India is a significant pharmaceutical exporter.

In addition, India has a strong network of over 10,500 production facilities, over 3,000 pharmaceutical enterprises, and a manpower pool that is highly skilled. Outside of the US, India has the most pharmaceutical manufacturing facilities that adhere to FDA rules.

More than 500 active pharmaceutical ingredients (APIs) are produced in India, supplying 60,000 generic brands. India now has the third-largest API market in the world as a result. Most supplies are made up of over-the-counter medications used to treat common ailments without endangering life. The pharmaceutical industry's most important cities are Mumbai, Bangalore, Hyderabad, Pune, Visakhapatnam, and Ahmedabad.

One of the top-performing sectors that provide lucrative business prospects is the Indian pharmaceutical market. In recent years, it has experienced enormous expansion. As the Indian pharmaceutical business transitions from a volume maker to a valued supplier in 2022, investors are turning to this sector for safe haven investments. 

In 2020, the pharmaceutical industry's main focus was on covid medicines, but by 2022, it had turned to other serious ailments, including cancer and anaemia. In addition, research and development were highly valued in the Indian pharmaceutical business. As a result, India emerged as a global medical behemoth' in 2022 by growing its R&D ecosystem and increasing pharmaceutical exports. 

India's pharmaceutical sector is presently worth $50 billion. A recent EY FICCI analysis projects that the Indian pharmaceutical industry will expand to $65 billion by 2024 and to $130 billion by 2030 due to a growing consensus over the need to provide patients with novel, innovative remedies. By 2023, it is anticipated that the worldwide market for pharmaceutical products will reach $1 trillion. With this outlook in mind, let's start our list of top pharmaceuticals company in India.

Top Pharmaceutical Companies in India
Top Pharmaceutical Companies in India

Photo by National Cancer Institute on Unsplash

Our Methodology

This article will examine the biggest pharma companies in India. The companies are listed in ascending order of total employee count because larger enterprises often have a far higher staff count than smaller ones in the same industry.