The top 10 pharmaceutical companies in India operate mainly in the generic drugs segment. Revenue from generic drugs forms the largest segment, accounting for 70% of the total Indian pharmaceutical sector. India produces drugs not only for domestic consumption but also for exports, given its expertise in making cheap, low-cost medicine. The country has made rapid strides in its pharmaceutical industry over the last decade. It has also been helped by a rapidly growing domestic market, where increasing per capita income has allowed citizens to afford medicine. There has also been increased spending on medical and old age products.
India is the largest provider of generic medicines in the world. The Indian Pharmaceutical sector constitutes 2.4% of the global pharmaceutical industry in terms of value and exports to more than 200 countries worldwide. It is interesting to note here that out of the 11 largest pharmaceutical companies in the world, five are U.S companies. The Indian pharmaceutical sector has experienced growth of 17.4% CAGR between 2005 and 2016, jumping from $6 billion in 2005 to $36.7 billion in 2016. It is expected to grow at a CAGR of almost 16% through 2020, to $55 billion. Most of the top 10 pharmaceutical companies in India are engaged in the production and distribution of generic drugs. They account for 20% of global exports in terms of volume.
In this article we’ve listed the top 10 pharmaceutical drug companies in India, ranked on the basis of their revenue. Check out the list beginning on the next page to see some of India’s fastest rising companies.