The development in science and technology has been so much that the Pharmaceutical industry has become a necessity of a common person these days. Right form severe health issues to health problems like cough and sneeze you get every medicine available at a cost friendly value.
All thanks to the Pharmaceutical companies which has been making a good growth these days. Talking about developing countries like India, Pharmaceutical industries has been showing a lot more improvement. Around the world, in India, Pharmaceutical companies stands the third largest one in terms of volume and the value too.
As per the department of the Pharmaceuticals, the turnover made by such industry on India was US$21.04 billion in India. Looking at the profit that us being made by such company, it seems that the country is soon going to be the biggest center for providing the Pharmaceuticals at a great value.
India is said to be among the five countries that is emerging one in the market of the world. Let us take a look at some of the popular pharmaceutical companies that are popular in India.
Top 10 Pharmaceutical Companies in India
This company was founded by the group of business manes and professional in the year 1949 and is based in Mumbai, India. The company is managed and run by great celebrities like Jaya Bachchan, P.C. Godha, Amitabh Bachchan, M.R. Chandurkar, and Ajitabh Bachchan.
This company was started with the purpose to produce the market pharmaceuticals and drugs and includes some of the active pharmaceutical ingredients and formulation was has been proved effective in many ways.
The company is advised by many health care experts and is said to be one of the billion company in Asia that was selected by Forbes. With a net profit worth 280.17 Cr this company stands on the top.
With the sales of more than 26.5 billion INR, this company is another popular one which is located in Mumbai and has been providing the supplied in other developing countries like Brazil, Russia and Vietnam. The company is owned by Wockhards hospitals and also deals in some of the abby foods like Protienx and Farx.
Certainly, you might have heard the name of this popular largest pharmaceutical company which is domestic in the market too. It is one of the top ranking company with a market share of 5.42 percent and has stood on the second position while competing with Ranbaxy which is another popular pharmaceutical company.
Research has shown that the company has crossed more than Rs 1.520 billion in sales. News has also come up that the company has managed to overtake the popular companies like GlaxoSmithKline and become the largest pharmaceutical company in the year 2007.
With net sales of more than1927.98 cr it is another popular company in pharmaceutical industry which is located in Mumbai India. The company is known for the assurance and quality which it has continued to provide so far and is still in demand in the market.
It has also proved a competition to most of the other major companies in India which offers pharmaceutical services. The company offers the active pharmaceutical ingredients and some of the worth pharmaceutical formulations ion not only in India but also in other countries like the United States.
The company was started in the year 1983 and is considered as of the popular one in Indian pharma industry.
This company is another Indian pharmaceutical company with a net profit of around 657.50 cr and is located at Ahmadabad the company manufactures number of diagnostics and pharmaceuticals products and is also engaged in providing other products related to OTC and skin care.
The company is also known for the participation of public-private partnerships for contributing in the development of preventive and pharmaceutical and diagnostic products.
With the net Profit of 804.37 Cr, this company is located in Mumbai and is said to be the trans-national pharmaceutical company. The company is engaged in providing variety of affordable yet quality products with branded formulations for the developing and developed markets of the world. The company first came into existence when it proved to be the largest manufacturers of Tuberculosis drugs.
GlaxoSmithKline Pharmaceuticals Ltd
The Company is known for the research based pharmaceutical company with the net product of around 430.60 cr. It is one of the oldest yet the popular company and includes the vaccines and prescription medicines. The company was founded in the year 1924 in the month of November and is also engaged in distributing baby food Glaxo.
Torrent Pharmaceuticals Ltd
This flagship company is based out of Ahmedabad and is promoted by U. N Mehta. The company was initially named as the Trinity Laboratories Ltd whose name was later changed to Torrent Pharmaceuticals Ltd.
The company ash managed to earn the net profit of 311.25 cr. With more than 1000 products, the v has managed to offer some of the popular medicines around the world and has more popularity in areas like API, marketing and formulations.
This Company has offered the net profit of 545.97 Cr, the company was established in the year 1990 and is said to be the best company for producing Intermediates and Active Pharma Ingredients (APIs).
The company carries a good experience with expertise professionals that have grouped many other companies with the good consulting services. The company manufactures the patent non-infringing processes for APIs and generics.
This company was established in the ear 1976 and has the main center in Mumbai. This company has proved to be the tough competition for other companies and is said to be the fastest growing pharmaceutical companies.
The company is research oriented and was started with the aim to supply the quality products and earn more than half of its revenue from the international business. The company is engaged in exporting to more than 3 countries across the world and has earned more than half of the revue through international business as well.
With its good commitment towards the pharmaceutical dosage forms such as injectable, lozenges and capsules, the company is the leading one with the net profit of 642.70 cr.