source: topranked

India is the third largest producer of pharmaceuticals in the world and employs around 5.5 to 5.7 lakh skilled personnel. Presently, the market is of 50 billion USD of which around 25 billion USD comprises the export market.

In this blog, you will find the top contributors and a list of top pharma companies in India in 2023.

Here is the list of top pharmaceutical companies in India in 2023, along with their details. The list is in descending order as per their current market capitalisations as on February 2023.

1. Sun Pharmaceutical Industries Ltd

• Company Founder: Dilip Shanghvi
  
• Year of Establishment: 1983
• Specialisation: Anti-infectives, neurology, cardiology, nephrology, urology, skin-related, orthopaedics, diabetology, gastric medicines, respiratory, cancer, dental, medical speciality, gynaecology, and nutrition
• Market Cap: ₹241361 crores
• Countries It Exports to: Japan, USA and 24 other countries worldwide

2. Cipla Ltd

• Company Founder: Khwaja Abdul Hamied
  
• Year of Establishment: 1935
• Specialisation: Active pharma ingredients, pharmaceutical and personal care products, world’s leading producer of antiretroviral medications
• Market Cap: ₹83019 crores
• Countries It Exports to: Over 80 countries worldwide, including Japan, China, Africa and North America.

3. Dr. Reddys Laboratories Ltd

• Company Founder: Dr. Kallam Anji Reddy
  
• Year of Establishment: 1984
• Specialisation: Active pharmaceutical ingredients (APIs), critical care, diagnostic kits, & biotechnology products
• Market Cap: ₹75624 crores
• Countries It Exports to: Europe, the USA, Commonwealth of Independent States (CIS) countries, and Russia.

4. Divis Laboratories Ltd

• Company Founder: Murali Divi
  
• Year of Establishment: 1990
• Specialisation: Manufacturing of Generic APIs, Nutraceutical ingredients and custom synthesis of APIs for Big Pharma
• Market Cap: ₹74108 crores
• Countries It Exports to: Europe and the USA.

5. Apollo Hospitals Enterprise Ltd

• Company Founder: Dr. Prathap C Reddy
  
• Year of Establishment: 1983
• Specialisation: Development, manufacturing and distribution of sterile injectable products
• Market Cap: ₹61335 crores
• Countries It Exports to: It has a presence in around 25 countries, including UK, Vietnam, Egypt, Nigeria, Mauritius, and Fiji Islands.

6. Torrent Pharmaceuticals Ltd

• Company Founder: U. N. Mehta
• Year of Establishment: 1959
• Specialisation: Central nervous system, cardiovascular, nephrology, gynaecology, paediatric and others
• Market Cap: ₹51154 crores
• Countries It Exports to: Over 40 countries, including Brazil, Germany and USA.

7. Zydus Lifesciences Ltd

• Company Founder: Ramanbhai Patel
• Year of Establishment: 1952
• Specialisation: Pharmaceuticals, diagnostics, herbal products, skincare products, and other OTC items
• Market Cap: ₹47862 crores
• Countries It Exports to: Over 25 countries, including Brazil and the United States.

8. Abbott India Ltd

• Company Founder: Dr Wallace Calvin Abbott
  
• Year of Establishment: 1944
• Specialisation: Therapeutic treatments, gastroenterology, metabolic disorders, women’s health, primary care, and cardiology
• Market Cap: ₹43137 crores
• Countries It Exports to: Over 160 countries all over the world

9. Max Healthcare Institute Ltd

• Company Founder: Analjit Singh
• Year of Establishment: 1985
• Specialisation: Kidney transplant, Chemotherapy, Robotic heart transplant and others
• Market Cap: ₹41072 crores
• Countries It Exports to: None

10. Alkem Laboratories Ltd

• Company Founder: Samprada Singh
• Year of Establishment: 1973
• Specialisation: Production of nutraceuticals, generics, and formulations
• Market Cap: ₹39304 crores
• Countries It Exports to: More than 40 countries around the world, including European markets.