Top Pharma Manufacturers in India
India ranks as the third-largest pharmaceutical producer globally in terms of volume and holds the 13th position by value. With a growth rate nearing 10 percent in recent quarters of 2019, the Indian pharmaceutical sector plays a significant role on the global stage. The country is a major player in drug production, offering high-quality medicines at competitive prices. Below is a list of the leading pharmaceutical manufacturing companies in India, based on their market capitalization, that are shaping the industry and driving growth.
The Indian pharmaceutical sector has significantly impacted both national and international healthcare systems. India remains a key player in the production of essential, high-quality, and affordable medications for domestic and global markets. It fulfills a substantial portion of global needs, supplying around 50-60% of vaccines (including antiretrovirals), 40% of generic drugs used in the United States, and 25% of all medicines prescribed in the United Kingdom. The industry’s influence extends far beyond India’s borders, solidifying its role as a vital contributor to global healthcare advancements.
3. Elfin Drugs Pvt. Ltd.
Established in 1999, Elfin Drugs Pvt. Ltd. has earned recognition both in domestic and international pharmaceutical sectors. The company specializes in manufacturing pharmaceutical products catering primarily to the acute care market. With operations based in an excise-free zone in Himachal Pradesh, the company benefits from favorable conditions for growth in the pharmaceutical industry.
Elfin Drugs envisions becoming a leader in contract manufacturing with a strong focus on advanced technology and research. Their commitment lies in producing top-quality medicines at affordable prices, aiming to lower healthcare costs both in India and abroad.
4. Precise Pharmaceutical Pvt. Ltd.
Founded in 1993, Precise Pharmaceutical Pvt. Ltd. excels in manufacturing and supplying a wide range of high-quality pharmaceutical products. Their extensive portfolio includes capsules, tablets, injections, eye and ear drops, nasal sprays, dental products, and syrups.
With a focus on providing effective, high-quality medication, the company prides itself on meeting the needs of its clients with precision and reliability.
5. Maksun Biotech Pvt. Ltd.
Incorporated in 2010, Maksun Biotech is a leading pharmaceutical marketing and manufacturing company in India. With ISO 9001:2008 and GMP certifications, the company is involved in both marketing and producing a wide range of pharmaceutical products. Maksun Biotech also specializes in third-party manufacturing, catering to a broad spectrum of pharmaceutical needs.
Certified by GMP, WHO, and DCGI, the company offers a vast selection of products including tablets, capsules, syrups, creams, ointments, and oral suspensions. Operating from Gujarat, Maksun Biotech has established a reputation for ethical and high-quality pharma manufacturing, offering innovative solutions to meet large-scale orders efficiently.