New List of Top Pharma Companies in India in 2020

Are you looking for the List Top Pharma Companies in India in 2020? if yes, you are in the right place. India is among the leading global producer of cost-effective medicines and vaccines, supplying a total of 20% of the total global demand by volume.

Today, India is among the countries with an established domestic pharmaceutical industry, with a strong network of 3000 national and multinational drug companies and more than 10,500 manufacturing units.

Pharma Companies in India
Pharmaceutical Companies in India

The pharmaceutical sector in India was valued at US$ 33 billion in 2017 and contributes the second-largest share of pharmaceutical and biotech workforce in the world.

The ‘Pharma Vision 2020’ by the government’s department of pharmaceuticals aims to make India a major hub for end-to-end drug discovery.India’s major generic drug producers like SUN PHARMA, Cipla, etc. hold a strong position in the global drug supply chain and play an integral role in developing and progressing the pharmaceutical industry.

India’s current Foreign Direct Investment (FDI) policy allows 100 percent FDI under automatic route in greenfield pharmaceutical projects and up to 100 percent FDI under government approval in brownfield projects.

An initiative passed earlier this year allowed 100% foreign direct investment in the biotech sector without compulsory licensing from the government.

As per the Economic Survey 2018-19, government expenditure (as a percentage of GDP) increased to 1.5 percent in 2018-19 from 1.2 percent in 2014-15 for health. Indian pharmaceutical sector is expected to grow at a CAGR of 15 percent soon and the medical device market expected to grow US$ 50 billion by 2025. FDI increased to 74 percent in existing pharmaceutical companies and 100 percent for new projects.

Medicine spending in India is projected to grow 9-12 percent by the next five years, leading India to become one of the top 10 countries in terms of medical spending.

Going forward, better growth in domestic sales would also depend on the ability of the companies to align their product portfolio towards chronic therapies for diseases such as cardiovascular, anti-diabetes, anti-depressants, and anti-cancers that are on the rise.

The Indian government is constantly taking several steps to reduce costs and bring down healthcare expenses and a measure to provide a healthy lifestyle to even poor people. The government is also focusing on the introduction of generic drugs into the market and is expected to benefit the Indian pharmaceutical companies.
in the next paragraph, we are sharing with you the top 10 Indian pharma companies in the list form.

Also Read:

Top Pharmaceutical Companies in India

Mankind Pharma Limited was founded in 1995 by R.C. Juneja and Rajeev Juneja based at New Delhi. and this is the best among all pharma companies in India.

The company has products in therapeutic areas ranging from antibiotics to gastrointestinal, cardiovascular, dermal, and erectile dysfunction medications.

The company has a revenue of more than INR 52 billion with over 14000 employees working together for the company’s growth and development.

The company focuses mainly on chronic segments/lifestyle diseases and that generates long-term prescriptions. It also focuses on the OTC division where it has leading brands like Manforce, Preganews, Acnestar, Gasofast, Unwanted 72.

FounderR_C_Juneja, Rajeev Juneja
Okhla Phase III, Delhi


Key people
Priyanshu Mohan, Arjun Juneja, Sheetal Arora, P.K. Arora, Ajay Bansal, Sanjay Koul
ProductsPharmaceuticals, Generic drugs, OTC, FMCG, Diagnostics
RevenueINR 5000 Crores (2017-18)
Number of employees
SubsidiariesDiscovery, Lifestar, Lifestar 2, Special, Vet, Future, Magnet


#9 Intas Pharmaceuticals Limited

Intas Pharmaceuticals top pharma companies

Intas Pharmaceutical Limited set up in 1984 by Binnish Chudgar was formerly an independent biotechnology company and was known as Intas biopharmaceuticals ltd. Headquartered in Ahmedabad, the company is the leading biosimilar product manufacturers in Asia. intas pharma is also one of the top pharma companies in India.

Intas has 13 commercialized biosimilars including Docetaxel and Paclitaxel. As on date, Intas continues its R&D efforts in chronic disease areas such as oncology, rheumatology, auto-immune, nephrology, ophthalmology, and plasma-derived product based therapies. Intas has 14 formulation manufacturing facilities of which seven are located in India, and the rest in the U.K. and Mexico.

In FY 2018, the company’s revenue was INR 108 billion with an overall growth of 29.84% over last year’s revenue.

Intas is currently investing in a higher barrier to entry developments such as biosimilar and new chemical entities and is set to continue raising the bar of healthcare excellence globally in the near future.

HeadquartersAhmedabad, India
ProductsNeukine (GCSF), Erykine (EPO), Intalfa (IFN), Pegasta (Peg GCSF), Terifrac (Teriparatide), Mabtas (Rituximab), Folisurge (FSH)
Number of employees


#8 Torrent Pharmaceuticals Limited

List of Top Pharmaceutical Companies in India in 2020 [Verified]

Headquartered in Ahmedabad, Torrent Pharmaceuticals Ltd. It is the flagship company of the Torrent Group. Promoted by U.N. Mehta.

The company operates in more than 40 countries having a number of employees of around 14000 with total revenue of INR 7673 Cr in 2019. Torrent Pharma is active in the therapeutic areas of Cardiovascular, CNS, Gastro-intestinal, diabetology, anti-infective, and pain management segments. The key products include calcium Carbonate along with Vitamin D3, Losartan, Rosuvastatin.

The company in 2017 has completed the acquisition of the branded business of Unichem Laboratories Limited. Brand building is its key priority and currently, 19 brands (Shelcal is among the top one) features amongst the top 500 brands. torrent is also known as best company among all top pharma companies in India.

The company is developing several in-house new chemical entities in the areas of metabolic, cardiovascular, gastrointestinal, dermatological and respiratory disorders. The most advanced discovery program of the company is the NCE for the reduction of cardiovascular risk. The next advanced discovery program is for the management of heart failure in diabetic patients.

Given the future market moving towards complex products, Torrent is ramping up is a pipeline with products like oral liquids, ophthalmic, ointments & creams, and oncology.

HeadquartersAhmedabad, India
Key people
Sudhir Mehta, Samir Mehta
RevenueINR 7673 Cr (March 2019)
Net income
INR 436 Cr (March 2019)
Number of employees
14550 (2019)

#7 Cadila Healthcare Limited

New List of Top Pharma Companies in India in 2020

Cadila Healthcare Limited is a well-known research-oriented, a technology-driven pharmaceutical company headquartered at Ahmedabad, Gujarat which focuses on research areas of biotechnology, formulations, and Active Pharmaceutical Ingredients (API). Cadila is also one of the top pharma companies in india.

The company was founded in 1952 by Ramanbhai Patel, formerly a lecturer in the L.M. College of Pharmacy. It evolved over the next four decades into an established pharmaceutical company. In June 2007, the company acquired Nikkho as part of Zydus Healthcare Brasil Ltd. In 2015, the company acquired another Indian pharmaceutical company called German Remedies.

Cadila Healthcare Limited provides total healthcare solutions ranging from formulations, active pharmaceutical ingredients (APIs), and animal healthcare products to wellness products.

Cadila Healthcare Limited is India’s sixth-largest pharmaceutical company based on overall revenue. In FY 2019, the company’s revenue was INR 131 billion which saw an increase of 10% y-o-y revenue in FY 2018.

The company has 9 production operations in India that develop and manufactures a large range of pharmaceutical as well as diagnostics, herbal products, skin care products, and other OTC products. The company also produces the generics for hepatitis C treatment i.e. sofosbuvir as SoviHep. Injectable ketorolac tromethamine is manufactured by Zydus Cadila for the microbial growth. The company is ranked among the top three players in the promoted covered market of gynecology, dermatology, respiratory, pain management, cardiovascular and gastrointestinal therapeutic areas.

FounderRamanbhai Patel
HeadquartersAhmedabad, Gujarat, India
Key people
Pankaj R. Patel, Chairman, Sharvil P. Patel, Managing Director
RevenueIncreaseINR 119.05 Billion (2018)
Net income
IncreaseINR 17.76 Billion (2018)
Number of employees
13180 (2015)


#6 Glenmark Pharmaceuticals

pharma companies in india

Glenmark is a pharmaceutical company headquartered in Mumbai, India that was founded in 1977 by Gracias Saldanha as a generic drug and active pharmaceutical ingredient manufacturer. Glenmark is also the best company among all Pharma Companies in India.

The company primarily focused on new drugs and biosimilars in the fields of cancer dermatology and respiratory diseases. Glenmark is a leading player in the discovery of new molecules both NCEs (New Chemical Entity) and NBEs (New Biological Entity).

Glenmark also entered the exclusive licensing agreement with Australia’s Sequirus to commercialize its nasal spray Ryaltris (a fixed those combinations of antihistamine and a steroid) for the treatment of seasonal allergic rhinitis (SAR).

The company has 17 manufacturing facilities globally and 5 R&D centers in India and Switzerland with gross revenue of INR 91 billion. The company has over 12,000 dedicated employees worldwide.

FoundersGracias Saldanha


Area served
Key people
Glenn Saldanha, MD & Chairman
ProductsMedicines and vaccines

#5 Lupin Limited

pharma companies in india lupin

Headquartered in Mumbai, Maharashtra, India, Lupin Limited is a multinational pharmaceutical company founded by Desh Bandhu Gupta in the year 1968. Lupin is also one of the best Pharma Companies in India.

The company is a significant player in key therapy areas such as pediatrics, cardiovascular, anti-infectives, diabetology, asthma, and anti-tuberculosis from which collected total revenue of INR 155.77 billion in 2018-19. Lupin stands 1st in the anti-TB segment globally. Around 50000 employees work globally for the company’s progress and development.

The company’s research program covers the entire pharma product chain. Lupin’s R&D covers generics research, process research, pharmaceutical research, ADDS research, intellectual property management, Novel Drug Discovery and Development, and biotechnology research.

In FY 2019, the company launched 22 new products in the US market. The company launched Solosec® successfully in the US and started women’s health specialty business in full intensity. The company also launched the first orphan drug – NaMuscla® in the UK, Germany, and France.

The company also focuses on social responsibility and thus, has a foundation under the name The Lupin Human Welfare and Research Foundation (LHWRF).

In FY 2020, Lupin is planning to bring its first biosimilar to market, commercialize its first inhalation product in the US and launch an injectables portfolio.

FounderDesh Bandhu Gupta
Mumbai, Maharashtra


Key people
Vinita D. Gupta, Chief Executive Officer; Nilesh Gupta, Managing director Dr Kamal Sharma, Vice Chairman
ProductsPharmaceuticals, branded and generic drugs,
RevenueDecrease$2.55 billion USD (2016-2017)
Net income
Decrease$721 million USD (2016-2017)
Number of employees
SubsidiariesLupin Pharmaceuticals, Inc. , Kyowa Pharmaceutical Industry Co. Ltd, I’rom Pharmaceutical Co. Ltd., Pharma Dynamics, Multicare Pharmaceuticals, Generic Health Pte. Ltd. Hormosan Pharma GmbH Nanomi B.V., Laboratorios Grin, Medquimica, Biocom Russia, Temmer Germany


#4 Dr. Reddy’s Laboratories Limited

New List of Top Pharma Companies in India in 2020

Dr. Reddy’s was founded in 1984 by Anji Reddy in Hyderabad, Telangana, India. The company began as a supplier to Indian Drug manufacturers. it is also the best company among all Pharma Companies in India.

In 1987, Reddy’s launched Norilet, the company’s first recognized brand in India. Reddy’s also became the first Indian company to export the active ingredients for pharmaceuticals to Europe.

The company had a total revenue of US$2.1 billion in 2017-18. Around 22000 employees work worldwide for Dr.Reddy’s Pharma.

The atop active pharmaceutical ingredients from Dr.Reddy’s Pharma include ranitidine, losartan, clopidogrel, Ramipril, atorvastatin, and many others.

In 1992, Reddy’s formed a joint venture with Biomed, the biggest pharmaceutical producer in Russia.

Reddy’s also involved in targeting specialty generics products in western markets to create a foundation for drug discovery. In 1992, Dr.Reddy’s research foundation was established in order to do research in the area of new drug discovery.

Reddy’s research thrust focuses on large niche areas in western markets – anti-cancer, anti-diabetics, cardiovascular and anti-infection drugs.

FoundersAnji Reddy
HeadquartersHyderabad, Telangana, India
Area served
Key people
G. V. Prasad (Co-Chairman & CEO)
Satish Reddy (Chairman)
Erez Israeli (Chief Operating Officer)
Saumen Chakraborty (Chief Financial Officer)
RevenueIncrease ₹14,203 crore (US$2.0 billion) (FY 2017-2018)
Net income
Decrease ₹981 crore (US$140 million) (FY 2017-2018)
Total assetsIncrease ₹22,560.4 crore (US$3.2 billion) (March 2018)
Total equityIncrease ₹12,646.0 crore (US$1.8 billion) (March 2018)
Number of employees
21,966 (March 2019)


#3 Aurobindo Pharma

aurobindo pharma top pharma companies

Aurobindo Pharma Limited is a pharmaceutical manufacturing company headquartered in HITEC CITY, Hyderabad, India. The company was founded by P.V. Ramprasad Reddy and K. Nityanand Reddy in 1986 but commenced operations in 1988-89 with a single unit manufacturing semi-synthetic penicillin (SSP) in Puducherry. it is also the best company among all Pharma Companies in India

Aurobindo Pharma has a key presence in therapeutic segments such as neurosciences, cardiovascular, anti-retroviral, anti-diabetics, gastroenterology, and cephalosporins.

The company has 2 manufacturing facilities worldwide with 22000+ employees globally. The company manufactured more than around 33 billion diverse dosage forms in 2018-19 making revenue of US$ 2.8 billion in 2018-19. this is one of the best Pharma Companies in India.

The company has launched 50 new products, including 12 injectables in the market in 2018-19.

Aurobindo Pharma plans to expand its product portfolio with high-value products in oncology, hormones biosimilars and novel drug delivery solutions like depot injections, inhalers, patches, and films.

The company focuses on scaling up to LEAP ahead where LEAP stands for Lead with a range of products; Expand into new areas; Attaining capabilities and strengthening compliance; Promote an execution-oriented growth mindset.

HeadquartersHyderabad, Telangana, India
Area served
Organic Intermediates
RevenueIncrease ₹136.50 billion (US$1.9 billion) (2017)
Net income
Increase ₹19.780 billion (US$280 million) (2017)
Number of employees
19000 (March 2017)


#2 Cipla Limited

cipla top pharma companies in india

Cipla was founded by Khwaja Abdul Hamied as ‘The Chemical, Industrial and Pharmaceutical Laboratories’ in 1935 in Mumbai. Cipla has a major sale of Active Pharmaceutical ingredients to other manufacturers for marketing. It also has a sale of pharmaceutical and personal care products, including Escitalopram (anti-depressant), Lamivudine, and Fluticasone propionate.

The company is the world’s largest manufacturer of antiretroviral drugs and a therapy leader in India for anti-malarial with a market share of over 34%. The company manufactured the world’s first oral iron chelator with the name, Deferiprone in 1995. Cipla is the top company among all top Pharma Companies in India

Cipla has 34 manufacturing units in 8 locations across India and a presence in over 80 countries with around 26000 employees working in making Cipla one of the top pharmaceutical companies in India as well as in the world.

Cipla has a total net worth of US$4 billion with an increase of 4.83 % over the revenue. The company spends over 7.4% of its revenue on R&D activities.

The primary focus areas for R&D is the development of new formulations, drug-delivery systems, and APIs. The company also focuses on closely monitoring the repurposing and repositioning of existing drugs. The interesting area of research includes prodrugs, metabolites, liposomal drugs, Nano-particles, and many more. The ultimate objective is to develop products for faster regulatory approvals in the niche market.

FounderKhwaja Abdul Hamied
HeadquartersMumbai, Maharashtra, India
Area served
Key people
Y. K. Hamied, Chairman
Umang Vohra (CEO)
ProductsPharmaceuticals and diagnostics
RevenueUS$3.5 billion (2017-18)
Operating income
US$1.5 billion (2017-18)
Net income
US$4 billion (2017-18)
Total assetsUS$5 billion (2017-18)
Total equityUS$2 billion (2017-18)
Number of employees
SubsidiariesInvagen Pharmaceuticals

Source: Wikipedia

#1 Sun Pharmaceuticals Industries Limited

sun pharma

SUN PHARMA is an Indian multinational pharmaceutical company headquartered in Mumbai, Maharashtra known for the manufacturing and selling of pharmaceutical formulations and active pharmaceutical ingredients (APIs).

The company was founded in the year 1983 by Dilip Sanghvi (now the Managing Director of Sun Pharma) in Vapi, Gujarat with five products to treat psychiatry ailments. sun pharma is no. 1 company among all top Pharma Companies in India.

Today, the company’s major therapeutic areas including cardiology, psychiatry, neurology, gastroenterology, and diabetology. The company also provides Active Pharmaceutical Ingredients (APIs) such as warfarin as blood diluters, carbamazepine as anti-convulsant, etodolac as NSAID, and clorazepate as well as anti-cancers, steroids, peptides, sex hormones, and controlled substances.

After Acquiring RANBAXY in the year 2014, Sun Pharma became India’s top pharma company with a net worth of US$390 million (2019) and around 32, 000 employees (2019).

Sun Pharma has many other acquisitions and joint ventures with many foreign companies that proved to be the major milestones for the company’s development and success. This year company commercialized ILUMYA TM, YONSATM, and XELPROSTM in the US. CEQUATM is expected to be launched in the US in FY20.

The company is expecting to continue to build a global specialty pipeline with focused research and development (R&D) investments with its demerged arm SPARC. The principal focus areas for specialty portfolio include segments like dermatology, ophthalmology, and oncology.

FounderDilip Shanghvi
Mumbai, Maharashtra


Area served
Key people
Dilip Shanghvi
(managing director)
ProductsPharmaceuticals, generic drugs
RevenueIncrease ₹300,914 million (US$4.2 billion) (2019)
Operating income
Increase ₹38,102 million (US$530 million) (2019)
Net income
Increase ₹26,654 million (US$370 million) (2019)
Total assetsIncrease ₹646,938 million (US$9.1 billion) (2019)
Total equityIncrease ₹447,226 million (US$6.3 billion) (2019)
Number of employees
32,000 (2019)


List of Top 10 pharmaceutical companies in India:

  1. Sun Pharmaceuticals Industries Limited
  2. Cipla
  3. Aurobindo Pharma
  4. Dr. Reddy’s Laboratories Limited
  5. Lupin Limited
  6. Glenmark Pharmaceuticals
  7. Cadila Healthcare Limited
  8. Torrent Pharmaceuticals Limited
  9. Intas Pharmaceuticals Limited
  10. Mankind Pharma Limited


Top 10 pharma companies in India by Market Capitalization as of 2020.

RankCompanyMarket Capitalization 2020 (INR crores)
1Sun Pharmaceutical109,649
2Dr. Reddy’s Laboratories65,334
3Divi’s Laboratories61,986
5Torrent Pharmaceuticals38,022
6Lupin Ltd37,295
7Abbott India36,167
8Zydus Cadila Healthcare34,167
9Alkem Laboratories32,061
10Aurobindo Pharma31,798

Here is the list of top pharma companies in India in no particular order.

List of Top 100 pharma companies in India:

1 Sun Pharma
2 Dr. Reddy’s Laboratories Ltd
3 Cipla Ltd
4 Nicholas Piramal India Ltd
5 GlaxoSmithKline Pharmaceuticals Ltd
6 Cadila Healthcare Ltd
7 Lupin Ltd
8 Alkem Laboratories Ltd
9 Aurobindo Pharma Ltd
10 Aventis Pharma Ltd
11 Wockhardt Ltd
12 Pfizer Ltd
13 Ipca Laboratories Ltd
14 Orchid Chemicals & Pharmaceuticals Ltd
15 Biocon Ltd
16 Alembic Ltd
17 Matrix Laboratories Ltd
18 Glenmark Pharmaceuticals Ltd
19 Torrent Pharmaceuticals Ltd
20 Novartis India Ltd

21 Abbott India Ltd
22 USV Ltd
23 Intas Pharmaceuticals Ltd
24 Merck Ltd
25 FDC Ltd
26 JB Chemicals & Pharmaceuticals Ltd
27 Unichem Laboratories Ltd
28 Divi’S Laboratories Ltd
29 Panacea Biotec Ltd
30 Strides Arcolab Ltd
31 Wyeth Ltd
32 Elder Pharmaceuticals Ltd
33 Shasun Chemicals & Drugs Ltd
34 Ind-Swift Ltd
35 Aarti Drugs Ltd
36 Ind-Swift Laboratories Ltd
37 Nectar Lifesciences Ltd
38 Dabur Pharma Ltd
39 AstraZeneca Pharma India Ltd
40 Surya Pharmaceutical Ltd

41 Ajanta Pharma Ltd
42 Paras Pharmaceuticals Ltd
43 Indoco Remedies Ltd
44 Organon (India) Ltd
45 Natco Pharma Ltd
46 Dishman Pharmaceuticals & Chemicals Ltd
47 Granules India Ltd
48 Neuland Laboratories Ltd
49 TTK Healthcare Ltd
50 Jagsonpal Pharmaceuticals Ltd
51 Ambalal Sarabhai Enterprises Ltd
52 Marksans Pharma Ltd
53 Arvind Remedies Ltd
54 R P G Life Sciences Ltd
55 Morepen Laboratories Ltd
56 Fulford (India) Ltd
57 Blue Cross Laboratories Ltd
58 Albert David Ltd
59 Solvay Pharma India Ltd
60 Kopran Ltd

61 Zandu Pharmaceutical Works Ltd
62 Parenteral Drugs (India) Ltd
63 Themis Medicare Ltd
64 Core Healthcare Ltd
65 Bajaj Consumer Care Ltd
66 Mangalam Drugs & Organics Ltd
67 Bharat Serums & Vaccines Ltd
68 Ankur Drugs & Pharma Ltd
69 Alchem International Ltd
70 East India Pharmaceutical Works Ltd
71 Wanbury Ltd
72 Krebs Biochemicals & Inds
73 Amrutanjan Ltd
74 Jupiter Bioscience Ltd
75 Li Taka Pharmaceuticals Ltd
76 Ceejay Tobacco Ltd
77 Hiran Orgochem Ltd
78 Flamingo Pharmaceuticals Ltd
79 Suven Life Sciences Ltd
80 Bal Pharma Ltd

This was the list of India based Top 10 pharma companies in India based on the y-o-y revenue. There are many more other top companies like Biocon Limited, Piramal Enterprises Limited, Wockhardt Limited, Divis Laboratories Limited, Abbott India Limited, and many more.

This article is written by
Mariya Ibrahim Bootwala
If you want to submit your article in pharma job portal, please mail us at [email protected]

Some FAQs:
Which is the No 1 pharma company in India?
After Acquiring RANBAXY in the year 2014, Sun Pharma became India’s top pharma company with a net worth of US$390 million (2019) and around 32, 000 employees (2019).
What are the top 10 Indian pharmaceutical companies?
List of Top 10 pharma companies in India:
  1. Sun Pharmaceuticals Industries Limited
  2. Cipla
  3. Aurobindo Pharma
  4. Dr. Reddy’s Laboratories Limited
  5. Lupin Limited
  6. Glenmark Pharmaceuticals
  7. Cadila Healthcare Limited
  8. Torrent Pharmaceuticals Limited
  9. Intas Pharmaceuticals Limited
  10. Mankind Pharma Limited

What are the top 20 pharma companies in India?

The above was the top best Pharmaceutical Companies in India and below are some other best Top Listed Pharmaceutical Companies In India are given. (this list is organized in no particular order)
  • 1 Sun Pharma
  • 2 Dr. Reddy’s Laboratories Ltd
  • 3 Cipla Ltd
  • 4 Nicholas Piramal India Ltd
  • 5 GlaxoSmithKline Pharmaceuticals Ltd
  • 6 Cadila Healthcare Ltd
  • 7 Lupin Ltd
  • 8 Alkem Laboratories Ltd
  • 9 Aurobindo Pharma Ltd
  • 10 Aventis Pharma Ltd
  • 11 Wockhardt Ltd
  • 12 Pfizer Ltd
  • 13 Ipca Laboratories Ltd
  • 14 Orchid Chemicals & Pharmaceuticals Ltd
  • 15 Biocon Ltd
  • 16 Alembic Ltd
  • 17 Matrix Laboratories Ltd
  • 18 Glenmark Pharmaceuticals Ltd
  • 19 Torrent Pharmaceuticals Ltd
  • 20 Novartis India Ltd

4 thoughts on “New List of Top Pharma Companies in India in 2020”

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