Author: Prashant Bhatt
“ The Pharmaceutical industry is an industry driven by new products, by value added products coming out of research and development”
- John Reeve
The Indian pharmaceutical industry is one of the biggest industry in the world, it ranks about third in terms of volume and fourteenth in the terms of value. It has seen various development in the means of mass production, research and development, biotechnology and drug development and exporting.
Starting a pharma company in such a cut throat era of competition is difficult but to pull such an ambition but if it is successful it will be written down in history. Lets walk through this article and get to know about top 10 Indian Pharma Companies and their CEOs.
1. Sun pharma: Dilip Shanghvi
It is one of the top company in the pharmaceutical history. It was founded by Mr. Dilip Shanghvi in 1983 in Vapi area of Gujarat state. The company initially started with products to treat psychiatry ailments and now is a producer of active pharmaceutical ingredients (API). It has marked upto 70-80 percent sales from the overseas market and it also has set up manufacturing units in various countries. Mr. Dilip Shanghvi(C.E.O.) at this company’s helm this company is making a humongous progress. Mr. Shanghvi who was born in Kolkata was into the business of generic drugs with his father, he started Sun Pharma with a mere amount of ten thousand rupees. And with that small investment has created a mammoth of a company. This is a clear example of sheer determination and willpower and a brilliant money management skill that we should learn from him.
2. CIPLA: Umang Vohra
It is one of the top 10 companies in India. CIPLA stands for Chemical Industrial & Pharmaceutical Laboratories. It develops medicines to treat respiratory disorder, arthritis, diabetes, cardiovascular disease, weight control, depression other severe conditions. It was started by Khwaja Abdul Hamied back in 1935. He studied chemistry in Germany as it was the then chemical leader. He also conceptualized the estabilishment of Council of Scientific and Industrial Research. Mr. Umang Vohra who is the current C.E.O. of this organization has made a remarkable progress as the company head. Mr Vohra is the current CEO and the member of the board of CIPLA. He was the Chief Operating Officer till August 2016.
3. Aurobindo Pharma: N. Govindarajan
Aurobindo Pharma limited is a Hyderabad based manufacturing company that produces antibiotics, central nervous system products, gastroenterological, antiretrovirals, cardiovascular products, and anti-allergic medications it also produces A.P.I. and generic medications. This company started way back in 1988 in Puducherry. Under the leadership of N. Govindarajan the company makes net profits of approxima. And it also exports its productions to other countries.
4. Lupin: Vinita D Gupta
Lupin limited is the worlds eight largest pharmaceutical company by the means of revenue. Founded by a professor of BITS Pilani professor Mr. Desh Bandhu Gupta in 1968 sells in 70 countries including U.S.A, Japan and Australia. It has 12 manufacturing plants across different cities and 2 research facilities. Gupta started this company with an investment of five thousand rupees that he borrowed from his wife. He then took a loan of eight lakh from central bank of India and made folic acid tablets and provided it to the government for programmes related to mother and child healthcare. Under the keen leadership of Mrs. Vinita D. Gupta who is the daughter of daughter of Mr. D.B.Gupta the company has taken the company forward. Vinita was announced as one of the most OUTSTANDING BUSINESS WOMAN LEADER OF THE YEAR in 2013 by CNBC.
5. Dr. Reddys labs: G V Prasad
Dr. Kallam Anji Reddy founded Dr. Reddys labs and Dr. Reddys Foundation, he estabilished this company in 1984. He was also awarded the Padmashri and later the Padma Bhushan . This Hyderabad based company makes over 190 medications and over 60 API materials. Dr. Anji previously worked at Indian Drugs and Pharmaceuticals Limited, and then began as a supplier to drug manufacturers and then later started to export drugs to unregulated markets and was awarded as the most trusted brands in India. Under the commandeering of Mr. G.V. Prasad the company has made great progress.
6. Cadila Healthcare: Pankaj Patel
Cadila Healthcare is the sixth largest company in India and was founded by Mr. Ramanbhai Patel in 1952. Mr. Patel was formerly a lecturer at L.M. College Of Pharmacy and he has developed this company along with his partner Mr. Indravadan Modi. This company makes lots of medications related to various areas of the body and has 10 manufacturing plants across the country. Under the leadership of Mr. Pankaj Patel the company has developed the company for a brighter future.
7. Divi’s Labs: Murali K Divi
Founded by Mr. Murali Devi in 1990 this is the youngest pharma industry in the country. This company produces generic API, nutraceutical ingredients and also offers custom synthesis of API to Big Pharma providing a competitive edge over the life cycle of the products. They also export their produces to over 95 countries
8. Biocon: Dr. Arun Suresh Chandavarkar
Founded by Kiran Mazumdar-Shaw is this countries largest Biopharmaceutical company. Its headquarters are in Bengaluru, the company was founded in 1978 and is one of the topmost firms in the nation as it currently employs more than 9000 people. It manufactures generic API and sells it to over 140 countries. The best part about this company is that it was started by investing only ten thousand rupees the current CEO Mr. Arun Suresh Chandavarkar has the company at a very profitable state.
9. Torrent Pharma: Samir Mehta
This company is a leading firm in manufacturing drugs for gastrointestinal, diabetology, Cardiovascular (CV), central nervous system (CNS), anti-infective and pain management segments. It also has various manufacturing units in Gujarat as it is an Ahemadabad based company it also has manufacturing units in M.P, Himachal Pradesh and Sikkim. It also has various international subsidiaries and with Mr. Samir Mehta at this company's command this company has made huge profits profits.
10. Glenmark: Glenn Mario Saldanha
This company is a Mumbai based company founded by Gracias Saldanha in 1977 this is a company that is currently in the top four rankings for pharma companies as it has a very strong sales revenue. It produces drugs in the fields of cancer, dermatology and respiratory diseases. Mr. Glenn Mario Saldanha is the current CEO of this firm and has made this company earn a fortune.