Track the Live Count of Corona Virus Cases
The coronavirus scenario throughout the globe has been developing for a while now. The total death toll globally has touched 5436 by now. A total of 145,000 are infected worldwide.
#Coronavirus crisis: Here’s the total number of confirmed cases in India as per Union Health Ministry | https://t.co/cCVZjEOxJd #CoronavirusIndia #CoronavirusOutbreak #CoronavirusPandemic pic.twitter.com/6sHJRURk4p
— Economic Times (@EconomicTimes) March 13, 2020
India too now has 75 confirmed cases of COVID-19 to date with 2 deaths. This situation has given way for the creation of the antidote for Novel Coronavirus. Research is taking place across a lot of countries to find the antidote. Our country is one of the world’s biggest exporters of medicines.
Indian Pharma Industry
The industry of the top 10 Indian Pharma Company makes a contribution to the domestic as well as the international market and is one of the biggest. 2.7 million jobs have been created by the industry in this decade. By 2030 the worth of the Pharma sector will be $120 to $130 billion.
But the hard truth right now is that the basic raw materials that these companies need to produce medicines are imported from China. Since the Coronavirus situation, it has become a little difficult for pharma companies in Ahmedabad to continue production. Even most of the pharmaceutical companies at Bangalore are feeling the pinch. To counter any scarcity of medicines in the coming weeks. The Directorate General of Foreign Trade made a decision. They put a cap on the exports of pharma products. This is because of the fear of a shortage of drugs to counter the outbreak of Coronavirus (COVID-19).
Once the antidote becomes ready it will be a great opportunity for the top 10 Indian pharma companys to create a life-saving drug that can be sold in the market or exported.
Here is the list of 10 Ten Pharma Indian Companies
Our country is having a good number of pharma companies that cater to this industry. Most of the companies use very common drugs for treating basic diseases. But there are others that also produce life-saving drugs for diseases like cancer, polio, smallpox. Also, the pharma sector with proper R&D has made lives easier. Especially for patients like diabetic patients with regular medical advancements. Now let me here share the list of all the 10 top pharmaceutical companies in India.
1. Sun Pharmaceutical Industries
Currently, the net worth of Sun Pharma is about 270 Billion. It is the biggest pharmaceuticals producer in India. This company was set up by Mr. Dilip Shanghvi in the year 1983 in Gujrat. In the year 2014, the acquisition of Ranbaxy made Sun Pharmaceuticals the largest pharma company in India. In a report created by BlueBytes found that Sun Pharma is India’s second most reputed brand. It was as per the study of Bluebytes. For this company, the United States is the biggest target market in terms of sales.
2. Aurobindo Pharma
Aurobindo pharma has a net worth of around 15 billion currently. The headquarters of this company is in Hyderabad. This company started off with the production of Penicillin in Pondicherry and later became a public company in 1992. Aurobindo pharma is basically into the manufacturing of generic drugs and active pharmaceutical ingredients. Aurobindo Pharma right now exports to over 120 countries. In fact more than the domestic market the company generates 65% revenue from exporting in foreign markets.
3. Lupin Limited
With a net worth of 150 billion, Lupin is one of the top pharmaceutical companies in India. Lupin was founded by Desh Bandhu Gupta in 1968. In the 60s Desh Bandhu Gupta set it up in Mumbai with an initial investment of 5000 rupees. Later on, in a few years, Lupin went on to become the largest TB drug producer in the world. In recent times a lot of changes have taken place. The company has set up an R&D unit in Pune for research. It has over 1400 scientists. Lupin pharma range caters to about 70 countries worldwide.
4. Cipla Limited
Cipla is a Pharma company that has a net worth of about 150 billion. Headquartered in Mumbai the company has the head as Dr Raju Mistry. Founded by Khwaja Abdul Hamied as ‘The Chemical, Industrial & Pharmaceutical Laboratories’ in 1935 it is now a multinational corporation that markets its medicines internationally. Currently, Cipla has 34 units in 8 locations in India currently. In the study by Bluebytes in 2015 Cipla was ranked third in India’s Most Reputed Brands. In South Africa, Cipla did an acquisition of a company Cipla-Medpro in the year 2013.
5. Dr Reddy’s Laboratories
Dr Reddy’s laboratories is one of the MNCs companies that cater globally with their medicines. It was founded by Anji Reddy who set it up in 1984. Since then the company has grown globally. This company started out by being a supplier to other companies but gradually grew to smaller markets. In the year 2007 Dr Reddy’s Laboratories had seven FDA approved plants that were providing active pharmaceutical ingredients by then.
6. Cadila Healthcare
Cadila Healthcare current estimated worth is about approximate 120 million. This company is also one of the top 10 Indian pharma company‘s. As a pharma company of Ahmedabad Cadila was created in 1952. Ramanbhai B. Patel a former lecturer set it up. Later on, in 2015 German Remedies was acquired by Cadila Healthcare. Cadila Zydus basically into the manufacturing of generic drugs. Presently Cadila owns the Ankleshwar plants, Vadodara plant, and Patalganga plant.
7. Intas Pharmaceuticals
Intas Pharmaceuticals was previously known as Intas Biopharmaceuticals. Binnish Chudgar set this company up in 1980. Intas Pharmaceuticals became EU-GMP compliant in the month of April 2007. Intas Pharmaceuticals current worth is about 108 billion. Located in Ahmedabad it is one of the leading pharmaceutical companies in India. In Asia, Intas is a leading producer of biosimilar products.
8. Glenmark Pharma
Set up in Mumbai in 1977 by Gracias Saldanha Glenmark was named after his two sons. The company soon went international. It started to operate in companies like India, Russia, and Africa. In 1999 Glenmark went public in India selling generic drugs and active pharmaceutical ingredients as a supplier. The current worth of this company is approximately 90 billion. One of the most noted products of Glenmark Pharma is a nasal spray Ryaltris.
9. Torrent Pharmaceuticals
Owned by the Torrent Group Torrent pharmaceuticals is its healthcare sector arm. It is one of the top 10 Indian pharma company‘s. Torrent is a Multinational company operating across 40 countries presently. Currently, Torrent Pharma is worth INR 63 billion. It basically deals with medicines for gastrointestinal, cardiovascular, diabetology, anti-infective and pain management segments.
10. Mankind Pharma
This company has a tagline “serving life”. With over 14000 employees it is one of the top Pharmaceuticals giants in India. Mankind is catering to over 30 countries by selling different kinds of drugs. The current worth of Mankind Pharma is 52 Billion. Founded in the year 1991 by brothers R C Juneja and Rajeev Juneja. But it started proper operations in the year 1995.
The Real Feel of the Situation
Looking at the top ten companies above I feel that the Coronavirus crisis can be handled by these pharmaceutical companies in India. Most of these multinational pharma companies have previous experience for mass production of life-saving drugs. Apart from all these companies, there are similar smaller companies that contribute to building a healthy country.