Top 12 Pharma Companies in India: A Comprehensive Guide
India is the world’s third-largest pharmaceutical market and home to numerous top pharma companies. These companies are recognized in India and globally, with their medicines reaching millions of people worldwide. In this blog, we will discover the top pharma companies in India that are leading advancements in medicine production and contributing significantly towards improving public health on both national and international scales.
List of Top Pharma Companies in India
The pharmaceutical industry is responsible for researching, developing, manufacturing, and promoting medicinal drugs to be used by patients to treat or prevent illnesses and provide relief from symptoms. Below is a list of the top pharmaceutical companies in India
1. Sun Pharmaceutical Industries Ltd.
Sun Pharma is India’s largest pharmaceutical company and a leading player in the global market for generic drugs. With a strong focus on innovation and quality, it has earned a reputation as one of the best pharma companies in India. With manufacturing facilities across multiple countries and an extensive product portfolio covering various therapeutic areas, it has established itself as one of the leading pharmaceutical companies worldwide.
Annual Salary Range: ₹16.1LPA to ₹ 50 LPA
Benefits
Here are some major benefits offered by the company:
- Healthcare Coverage
- Retirement Benefits
- House Rent Allowance
- Parental Leave
- Learning & Development Programs
2. Lupin
Lupin is a Mumbai-based pharmaceutical company with a strong global presence, and significant recognition in the cardiovascular, anti-diabetic, asthma, and anti-infective therapeutic areas. Lupin has manufacturing facilities in India, the U.S., and Mexico.
Annual Salary Range: ₹15 LPA to ₹ 50 LPA
Benefits
Here are some of the major benefits offered by Lupin:
- Insurance plans
- Retirement schemes
- Employee stock options
- Learning opportunities
3. Cipla
Cipla, a prominent pharmaceutical organization in India, is renowned for its proficiency in producing respiratory and antiretroviral medications. Headquartered in Mumbai, it has an international reach and offers a wide range of products such as generics, branded formulations, and Active Pharmaceutical Ingredients (APIs). Additionally, Cipla plays an active role in the development of biosimilars.
Annual Salary Range: ₹15.5LPA to ₹ 50LPA
Benefits
Following are some of the benefits offered by Cipla:
- Health Insurance
- Retirement Benefits
- Leave Policies
- Employee Assistance Programs
4. Dr. Reddy’s Laboratories
Dr. Reddy’s is one of the top pharmaceutical companies in India and a well-known pharmaceutical corporation based in Hyderabad, India. The company is recognized for its dedication to research and development and has established itself as a leader in medication for gastrointestinal, cardiovascular, pain management, and anti-infectives using active pharmaceutical ingredients.
The corporation manufactures more than 190 medications and supplies 60 active pharmaceutical ingredients (APIs) for the production of drugs, diagnostic kits, critical care products, and biotechnology solutions.
Annual Salary Range: ₹15.5 LPA to ₹ 50 LPA
Benefits
Here are the top benefits offered by Dr. Reddy’s Laboratories:
- Healthcare Plans
- Retirement Schemes
- Educational Assistance
- Vacation Policies
5. Aurobindo Pharma
Aurobindo Pharma, headquartered in Hyderabad, is a reputable pharmaceutical company renowned for its global reach. The organization specializes in producing generic medications and boasts an extensive range of products covering multiple therapeutic domains.
The company is involved in six key therapeutic and product categories: antibiotics, antiretrovirals, cardiovascular products, central nervous system products, gastroenterological, and anti-allergics.
Annual Salary Range: ₹15.0LPA to ₹ 50 LPA
Benefits
Here are some of the major benefits offered by Aurobindo Pharma:
- Medical Coverage
- Retirement Plans
- Parental Leave
- Skill Development Initiatives
6. Cadila Healthcare (Zydus Cadila)
Cadila Healthcare, also known as Zydus Cadila, is a pharmaceutical company based in Ahmedabad, Gujarat. It is known as one of the top companies in the pharmaceutical industry in India for its expertise in various therapeutic areas, including cardiovascular, gastroenterology, and oncology. The company has a strong focus on research and development, with manufacturing facilities in India and the U.S.
Annual Salary Range: ₹15.9LPA to ₹ 50LPA
Benefits
Aside from its attractive salary, here are some of the benefits offered by Cadila Healthcare:
- Health Insurance
- Provident Fund
- Employee Stock Options
- Learning & Development Programs
7. Torrent Pharmaceuticals
Torrent Pharmaceuticals is a Gujarat-based company with a strong presence in the domestic and international markets. Its major products include drugs for the cardiovascular, central nervous system, gastrointestinal, and anti-diabetic segments. Some of the popular medicines include Shelcal-500, Chymoral Forte, and Erythromycin.
Annual Salary Range: ₹19.4LPA to ₹49.0LPA
Benefits
Some of the top benefits offered by Torrent Pharmaceuticals include:
- Insurance Schemes
- Retirement Plans
- Maternity/Paternity Leave
- Skill enhancement Programs
8. Glenmark Pharmaceuticals
Glenmark is a Mumbai-based pharmaceutical company that prioritizes research in its operations. It specializes in producing medicines for respiratory, dermatological, and oncology conditions. Some of its notable products include Candid (dermatology), Momat (respiratory), and Ziten (anti-diabetic).
Annual Salary Range: ₹15 LPA to ₹ 50 LPA
Benefits
Following are some major benefits offered by Glenmark Pharmaceuticals to its employees:
- Health Insurance
- Retirement Benefits
- Leave Policies
- Training & Development Opportunities
9. Biocon
Biocon is a biopharmaceutical company based in Bengaluru. As one of the top medicine companies in India, it has been known for its expertise in biosimilars and innovative biologics. Its major products include insulin products (Insugen, Basalog), anti-cancer drugs (Biomab Egfr, CANMab), and immunosuppressants (Alerap, Psamun).
Annual Salary Range: ₹15.2 LPA to ₹46.2 LPA
Benefits
Here are some of the major benefits offered by Biocon:
- Healthcare Coverage
- Retirement Plans
- Employee Stock Options
- Learning Initiatives
10. Alkem Laboratories
Alkem is a Mumbai-based pharmaceutical company with a diverse product portfolio. Their Laboratories offer a diverse selection of products that cover various Therapeutic Areas (TA) including Anti-infective, Gastroenterology, Pain Relief/Analgesic, Anti-diabetic, Cardiology, Dermatology, and Neurology/Central Nervous System (CNS), as well as Vitamins, Minerals & Nutrients.
Annual Salary Range: ₹15 LPA to ₹ 50 LPA
Benefits
Below are some of the major benefits offered by Alkem Laboratories:
- Health Insurance
- Provident Fund
- Parental Leave
- Skill Development Programs
11. Ipca Laboratories
Ipca Laboratories is a Mumbai-based pharmaceutical company with a focus on antimalarials, anti-diabetics, and cardiovascular drugs. The company produces a diverse range of formulations and APIs for multiple therapeutic areas. These include treatments for pain, rheumatology, antimalarials, and hair care therapy.
Annual Salary Range: ₹13.3 LPA to ₹50.0 LPA
Benefits
Following are some of the major benefits offered by Ipca Laboratories:
- Health Insurance
- Retirement Schemes
- Leave Policies
- Training & Development Opportunities
12. Intas Pharmaceuticals
As one of the biggest pharmaceutical companies in India Intas Pharmaceuticals, headquartered in Gujarat, is a well-established company that operates both domestically and internationally. The focus of the company is manufacturing medicines for cardiovascular diseases, diabetes management, gastrointestinal disorders, and anti-infective treatments.
Annual Salary Range: ₹13.4 lLPA to ₹37.7 LPA
Benefits
Here are some benefits offered by Intas Pharmaceuticals:
- Healthcare Coverage
- Retirement Plans
- Employee Assistance Programs
- Learning Initiatives
Conclusion
The Indian pharmaceutical industry has been thriving with many top pharma companies in India making their mark in both the domestic and international markets. Some of the notable companies in this space include Sun Pharmaceutical Industries, Dr. Reddy’s Laboratories, Cipla Limited, and Lupin Limited. These companies have made significant investments in research and development, with a strong focus on delivering high-quality products at affordable prices, while forging strategic partnerships to further their growth.
FAQs
Answer: Sun Pharmaceutical Industries Ltd takes the lead as the number one pharma company in India by market capitalization (as of March 31, 2023). In their fiscal year ending on March 2022 (FY2022), they reported a revenue of $5,235 million, representing a growth rate of 15.4% from FY2021.
Answer: India has established itself as a prominent player in the global pharmaceutical industry. The Indian pharmaceutical market is projected to grow at a CAGR of 10.70% from 2024 to 2029. Its exceptional capabilities in manufacturing generic drugs, its cost-effectiveness, and the availability of a highly skilled workforce have all contributed to its prominence in the global pharmaceutical industry.
Answer: The low cost of medication in India can be attributed to the low production expenses that allow other pharmaceutical companies to enter the market without investing in research and development. As a result, generic versions of drugs are sold at much cheaper prices than their original counterparts.
