Globally, India is the largest provider of generic medications. Often referred to as ‘the pharmacy of the world,” the country provides more than half of the world’s vaccines and one-fifth of production volume for medications. 

And, with the help of the following India-based companies, the country sets out to grow its pharmaceutical sector to $130 billion by 2030. 

This article provides detailed insights into India's leading pharmaceutical enterprises and their global impact.

List of Top 10 Pharmaceutical Companies in India

Name	Market Cap (Rs cr)	P/E Ratio	Estb Year	Headquarter	CEO	Specialisation
Sun Pharmaceutical Industries Limited	4,06,147	39.07	1983	Mumbai	Kirti Ganorkar	Dermatology, Ophthalmology, Neurology, Oncology, Generic Medicines
Divi's Laboratories Limited	1,80,488	19.9	1990	Hyderabad	Murali K. Divi.	Active Pharmaceutical Ingredients (APIs), Intermediates, Custom Synthesis
Cipla Limited	1,21,452	22.35	1935	Mumbai	Umang Vohra	Respiratory Diseases, Cardiovascular, HIV/AIDS Treatments, Oncology
Torrent Pharmaceuticals Limited	1,21,051	60.46	1959	Ahmedabad	Aman Mehta	Cardiovascular Drugs, CNS Medications, Gastrointestinal Treatments
Dr. Reddy's Laboratories Limited	1,00,220	17.47	1984	Hyderabad	Erez Israeli	Generic Medicines, APIs, Biosimilars, Specialty Products
Mankind Pharma Limited	97,797	51.13	1991	New Delhi	Sheetal Arora	Prescription & OTC Medicines, Multiple Therapeutic Categories
Zydus Lifesciences Limited	97,891	20.78	1952	Ahmedabad	Dr. Sharvil Patel	Generic Medicines, Vaccines, Integrated Healthcare Solutions
Lupin Limited	91,268	24.52	1968	Mumbai	Vinita D Gupta	Cardiovascular Diseases, Diabetes, Asthma, Generic Medicines
Alkem Laboratories Limited	67,734	29.03	1973	Mumbai	Dr. Vikas Gupta	Generic Medicines, OTC Products, Multiple Therapeutic Areas
Aurobindo Pharma Limited	67,442	19.9	1986	Hyderabad	Dr. Sanjay Chaturvedi	Anti-infectives, Cardiovascular, CNS Disorders, Generic Medicines

1. Sun Pharmaceutical Industries Ltd.

Sun Pharmaceutical Industries Limited is the best pharma company in India. It specializes in the manufacturing of Dermatology, Ophthalmology, Neurology, Oncology, and Generic Medicines.

• Established: 1983
• Headquarter: Mumbai
• CEO: Kirti Ganorkar
• Market Cap (₹ Cr): ₹ 4,06,147 cr

2. Divi's Laboratories Limited

Divi’s Laboratories is a leading manufacturer of Active Pharmaceutical Ingredients (APIs), intermediates, and custom synthesis. 

It is one of the largest API exporters from India, supplying to global pharmaceutical majors across North America, Europe, and Asia.

• Established: 1990
• Headquarter: Hyderabad
• CEO: Murali K. Divi
• Market Cap (₹ Cr): ₹ 1,80,488 cr

3. Cipla Limited

Cipla Limited specializes in Respiratory Diseases, Cardiovascular diseases, HIV/AIDS Treatments, and oncology medications. It is one of the biggest pharma companies in India with a strong presence in both domestic and export markets.

• Established: 1935
• Headquarter: Mumbai
• CEO: Umang Vohra
• Market Cap (₹ Cr): ₹ 1,21,452 cr

4. Torrent Pharmaceuticals Limited

Torrent Pharma specializes in Cardiovascular Drugs, Central Nervous System (CNS) Medications, and Gastrointestinal Treatments.

• Established: 1959
• Headquarter: Ahmedabad
• CEO: Aman Mehta
• Market Cap (₹ Cr): ₹ 1,21,051 cr

5. Dr. Reddy's Laboratories Limited

Dr. Reddy’s specializes in Generic Medicines, Active Pharmaceutical Ingredients (APIs), Biosimilars, and Specialty Products.

Dr Reddy's Laboratories is known for its affordable and accessible medicines, and it has a strong presence in the US and European markets.

• Established: 1984
• Headquarter: Hyderabad
• CEO: Erez Israeli
• Market Cap (₹ Cr): ₹ 1,00,220 cr

6. Mankind Pharma Limited

Mankind Pharma is one of the top pharma companies in India. It focuses on both Prescription and Over-the-Counter (OTC) medicines, covering multiple therapeutic categories including cardiology, dermatology, gastroenterology, and gynecology. 

• Established: 1991
• Headquarter: New Delhi
• CEO: Sheetal Arora
• Market Cap (₹ Cr): ₹ 97,797 cr

7. Zydus Lifesciences Limited

Zydus Lifesciences was established in 1952 in Ahmedabad. Dr. Sharvil Patel is the CEO of the company, this company has a market cap of ₹ 97,891 crore.

Zydus is a global healthcare company that focuses on generic medicines, vaccines, and integrated healthcare solutions. The company is known for making new things, like India's first homegrown COVID-19 vaccine, ZyCoV-D. It is also making progress in biologics and new ways to distribute drugs.

• Established: 1952
• Headquarter: Ahmedabad
• CEO: Dr. Sharvil Patel
• Market Cap (₹ Cr): ₹ 97,891 cr

8. Lupin Limited

Lupin focuses on therapies for Cardiovascular Diseases, Diabetes, Asthma, and other chronic conditions, along with a robust range of Generic Medicines. 

• Established: 1968
• Headquarter: Mumbai
• CEO: Vinita D. Gupta
• Market Cap (₹ Cr): ₹ 91,268 cr

9. Alkem Laboratories Limited

Alkem Laboratories is a leading manufacturer of Generic Medicines and OTC products, offering treatments across multiple therapeutic areas, including anti-infectives, gastroenterology, and pain management. 

• Established: 1973
• Headquarter: Mumbai
• CEO: Dr. VIkas Gupta
• Market Cap (₹ Cr): ₹ 67,734 cr

10. Aurobindo Pharma Limited

Anti-infectives, Cardiovascular, and Central Nervous System (CNS) medicines, along with a broad portfolio of Generic Medicines and APIs are some of the areas in which Aurobindo Pharma specialises.

• Established: 1986
• Headquarter: Hyderabad
• CEO: Dr. Sanjay Chaturvedi
• Market Cap (₹ Cr): ₹ 67,442 cr

11.  Abbott India

Abott is a leading manufacturer of Women’s Health, Gastroenterology, Cardiology, Metabolic Disorders, and Vaccines.

• Established: 1944
• Headquarter: Mumbai
• CEO: Kartik Rajendran
• Market Cap (₹ Cr): ₹ 62,403 cr

12. Laurus Labs

Laurus Labs focuses on Women’s Health, Gastroenterology, Cardiology, Metabolic Disorders, and Vaccines.

• Established: 2005
• Headquarter: Hyderabad
• CEO: Satyanarayana Chava
• Market Cap (₹ Cr): ₹ 53,067 cr

13. Biocon

Biocon specialises in Biosimilars, Biologics, Diabetes, Oncology, Immunology, and Generic medicines.

• Established: 1978
• Headquarter: Bengaluru
• CEO: Siddharth Mittal
• Market Cap (₹ Cr): ₹ 50,838 cr

14. Glenmark Pharma.

Glenmark is one of the top Respiratory, Dermatology, and Oncology Medicine companies. Its Specialty is in Branded Generics.

• Established: 1977
• Headquarter: Mumbai
• CEO: Glenn Saldanha
• Market Cap (₹ Cr): ₹ 52,113 cr

15. Glaxosmi. Pharma

Glaxosmithkline Pharmaceuticals specializes in producing Vaccines, Anti-infectives, Dermatology, Gynaecology, Diabetes, Oncology, Cardiovascular, and Respiratory.

• Established: 1924
• Headquarter: Mumbai
• CEO: Emma Walmsley
• Market Cap (₹ Cr): ₹ 45,087 cr

Investment Insights: Is the Indian Pharma Industry a Good Bet?

The Indian pharmaceutical sector is one of the most promising segments for long-term investors. 

Valued at around ₹4.5 lakh crore ($54 billion) in 2024, the industry is expected to grow at a CAGR of 10–12% over the next five years. Factors like the rising demand for affordable medicines, government incentives, and export growth are pushing this momentum forward.

As you explore investment opportunities in pharma, consider pairing financial planning with digital tools. With Jar app, you can invest in gold, track savings, and optimize your healthcare finances.

Why is Investing in the Pharmaceutical Industry in India a Smart Choice?

If you're wondering, “Is it good to invest in Indian pharma companies?” — the answer lies in consistent growth, strong demand, and resilient performance. Here's why:

• Strong Global Demand for Generics: India supplies over 40% of generic medicines to the U.S. and 25% of all UK medicines, making it a trusted supplier in global healthcare.

• Rising R&D Investments: Leading companies like Sun Pharma, Cipla, and Dr. Reddy’s are increasing their focus on biosimilars, complex generics, and specialty therapies.

• Robust Government Support: Initiatives such as the Production-Linked Incentive (PLI) Scheme, higher healthcare budget, and ‘Make in India’ push are accelerating pharma sector growth.

• Expanding Domestic Market: India’s medicine demand is expected to double by 2030, driven by higher healthcare awareness, insurance penetration, and an ageing population.

• Stock Market Outperformance: Over the past five years, several pharma stocks have delivered 100–150% returns, outperforming many other sectors in the Indian stock market.

FAQs

1. Which is the No. 1 pharma company in India?

The No. 1 Pharma company in India is Sun Pharmaceutical Industries Limited with a Market capitalization of 4,06,147 cr.

2. What are the top 5 pharma companies in India?

The top 5 Pharma companies by market share are Sun Pharmaceutical Industries Limited, Divi's Laboratories Limited, Cipla Limited, Torrent Pharmaceuticals Limited, and Dr. Reddy's Laboratories Limited.

3. Which are the top MNC pharma companies in India?

The top multinational (MNC) pharmaceutical companies operating in India include Abbott India, Pfizer, Novartis, Sanofi, and GlaxoSmithKline (GSK).

4. How many pharma companies are there in India?

India is home to over 3,000 pharmaceutical companies and over 10,500 manufacturing units, making it one of the largest producers of medicines globally.

5. What is the difference between PCD pharma and traditional pharma companies?

PCD (Propaganda-Cum-Distribution) pharma companies operate on a franchise or distribution model, where independent distributors and small businesses get marketing rights for a specific region. 

Traditional pharmaceutical companies, on the other hand, are involved in research, drug development, large-scale manufacturing, and direct market distribution.

6. What are the Top 50 Pharmaceutical companies in India?

Here is the list of the top 50 pharmaceutical companies in India

S.No.	Name	Mar Cap Rs.Cr.	P/E
1	Sun Pharma.Inds.	403,810.81	34.98
2	Divi's Lab.	182,524.49	79.15
3	Cipla	121,149.57	22.27
4	Torrent Pharma.	120,702.98	59.77
5	Dr Reddy's Labs	100,508.13	17.41
6	Mankind Pharma	95,316.09	50.42
7	Zydus Lifesci.	94,097.29	20.21
8	Lupin	89,293.55	24.14
9	Alkem Lab	67,303.81	29.6
10	Aurobindo Pharma	66,718.92	19.5
11	Abbott India	62,627.63	41.5
12	Laurus Labs	52,889.33	77.33
13	Biocon	51,506.94	142.33
14	Glenmark Pharma.	51,046.75	38.3
15	Glaxosmi. Pharma	43,991.69	46.46
16	Anthem Bioscienc	39,107.84	77.45
17	Ipca Labs.	32,951.06	36.84
18	Ajanta Pharma	32,062.38	32.93
19	Gland Pharma	31,265.12	39.56
20	Cohance Life	27,729.45	78.86
21	Piramal Pharma	26,485.33
22	J B Chemicals &	26,461.55	38.62
23	Emcure Pharma	25,748.26	34.19
24	Pfizer	23,225.56	34.35
25	Astrazeneca Phar	23,022.34	108.88
26	Neuland Labs.	22,529.86	170.96
27	Wockhardt	21,968.08	400.39
28	ERIS Lifescience	21,617.61	55.83
29	OneSource Speci.	20,628.46	230.8
30	Sai Life	19,358.99	79.31
31	Jubilant Pharmo	18,584.75	37.4
32	Alembic Pharma	18,007.58	28.39
33	Caplin Point Lab	15,245.88	25.89
34	Concord Biotech	14,744.75	41.41
35	Acutaas Chemical	14,515.30	64.81
36	Natco Pharma	14,331.60	8.44
37	Granules India	13,403.64	28.07
38	Sanofi India	10,923.36	29.58
39	Alivus Life	10,904.27	22
40	Sanofi Consumer	10,886.07	55.02
41	P & G Health Ltd	9,864.97	32.15
42	Jeena Sikho	9,767.59	79.14
43	Blue Jet Health	9,732.26	27.62
44	Strides Pharma	8,842.58	20.36
45	Marksans Pharma	8,364.93	23.89
46	Aarti Pharma	7,651.08	28.71
47	Akums Drugs	7,248.71	22
48	Shilpa Medicare	7,144.31	55.57
49	FDC	6,856.27	30.42
50	Supriya Lifesci.	6,271.63	35.21

7. What are the top Chandigarh pharma companies?

Some leading pharmaceutical companies in Chandigarh are Biophar Lifesciences, Lifevision Healthcare, Pax Healthcare, Torque Pharmaceuticals, Medrix Pharma, and Servocare Life Sciences. 

8. What are some of the top pharma companies in Mumbai?

Mumbai is a major pharma hub, home to top companies such as Sun Pharmaceutical Industries, Cipla, Lupin, Glenmark Pharmaceuticals, Alkem Laboratories, Titan Laboratories, Piramal Pharma Solutions, Pfizer, GSK (GlaxoSmithKline), and Novartis.

9. What are some of the pharma companies in Delhi

Top pharmaceutical companies based in Delhi include Mankind Pharma, Pfizer, Sun Pharmaceutical, Cipla, Panacea Biotec, Lupin, Akums, Salve Pharmaceuticals, and Biofield Pharma.

10. Are there any pharmaceutical companies in Pune?

Yes, Pune has several pharmaceutical companies such as Emcure Pharmaceuticals, Serum Institute of India, Hindustan Antibiotics Limited, Lupin, Indoco Remedies, Cipla, Novartis, Alkem Laboratories, FDC, Pfizer, Bioved Pharmaceuticals, and Johnson & Johnson.

Disclaimer: This article is intended for educational purposes only. Please note that the data related to the mentioned companies may change over time. The securities referenced are provided as examples and should not be considered as recommendations.