Full List of Pharmaceutical Companies in India (2024)

Top pharmaceutical companies in India by market capitalization include Sun Pharmaceutical Industries Ltd, Dr. Reddy’s Labs Ltd, Cipla Ltd, Torrent Pharma Ltd, and Zydus Lifesciences Ltd, Aurobindo Pharma, Lupin Ltd., Alkem Labs, Biocon Ltd, and Glenmark Pharmaceuticals Ltd.

Pharmaceutical Industry in India

The country is home to over 3000 pharmaceutical companies, and over 10, 000 manufacturing plants.

India is a global leader in generic pharmaceuticals and vaccine production, and has the added advantage of affordability. The pharma industry in India supply over 60% of world’s vaccines (especially DPT, BCG, and measles vaccines), and account for 20% of world’s volumes. About two-thirds of global vaccines, required by World Health Organization, is produced by India.

The country is the largest producer of generic medicines in the world, supplying 40% of generics in the US. It is also the third-largest producers of pharmaceuticals by volume after the United States, and China, and also ranked 14th by value. 80% of pharmaceuticals used in treating AIDS are produced by Indian firms.

Due to the cheap price and relatively high quality of medications supplied by Indian pharmaceutical firms, the country is called “pharmacy of the world”.

India major pharma industry segment include active pharmaceutical ingredients (APIs), biosimilars, OTC medicines, bulk drugs, biologics, contract research & manufacturing, etc. There are over 500 units that produce APIs, which is about 8% in the global API Industry.

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About 500 pharmaceutical units are approved by the US Food and Drug Administration (USFDA), which makes it the country with the largest number of US-FDA compliant Pharma plants outside the USA.

India is the largest exporter of medical goods in the world, and exports to about 200 countries including the United States and United Kingdom (key markets), Australia, Japan, and many countries in Western Europe, Asia, Africa, and Pacific.

In 2023, the export of pharmaceuticals from India stood at $27 billion. The total market size of Indian pharmaceutical industry is expected to rise to US$ 65 billion by 2024, and 200 billion by 2030. Currently, the market size is valued at US$ 50 billion.

In the field of biotechnology, India is a top 12 destination, and one of the best in the Asia Pacific. It crossed US$ 80.12 billion in 2022.

Biotech/ Pharmaceutical Companies in India (by States)

Major cache of pharmaceutical companies in India are located in states such as Maharashtra, Gujarat, Telangana, Karnataka, Delhi NCR, Uttar Pradesh, and Tamil Nadu.

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