Indore, the commercial capital of Madhya Pradesh, has become an important center for the pharmaceutical industry. The city’s prime location, talented workforce, and supportive business environment have attracted both domestic and international pharmaceutical companies.
These companies are crucial to India’s healthcare sector. They manufacture a wide range of products, from active pharmaceutical ingredients (APIs) to finished formulations, serving both local and global markets.
In this blog, we will explore the top pharma companies in Indore and their contributions to the industry.
List of Top Pharma Companies in Indore
1. Cipla
Cipla Limited, established in 1935, is a leading Indian multinational pharmaceutical company. Headquartered in Mumbai, Cipla has a significant presence in Indore with its state-of-the-art manufacturing facilities.
Key Information:
- Founded: 1935 by Khwaja Abdul Hamied
- CEO: Umang Vohra
- Revenue: ₹25,455 crore
- Number of Employees: 22,036
Products and Services:
Cipla is a major manufacturer of pharmaceuticals, specializing in respiratory care, cardiovascular disease, and diabetes treatment. It also provides over-the-counter drugs, vaccines, diagnostics, and animal health products. Cipla is the world’s largest manufacturer of antiretroviral drugs used to treat HIV/AIDS.
Global Reach:
With 47 manufacturing locations worldwide and sales in 86 countries, Cipla plays a pivotal role in the global pharmaceutical landscape.
Certificates:
- WHO-GMP
- US FDA
- UK MHRA
- TGA
- ISO 9001:2015
Awards & Recognition:
- Chemexcil Award for Excellence
- Thomson Reuters India Innovation Award
- Forbes 200 ‘Best under a Billion’ list
Address:
98 A, 98 B, S D A Annexe, S D A Compound, Agra Bombay Rd, Dewas Naka, Lasudia Mori, Indore, Madhya Pradesh 452008.
2. Lupin Limited
Lupin Limited, founded in 1968, is a prominent Indian multinational pharmaceutical company with a strong global presence. Headquartered in Mumbai, India, Lupin is recognized for its leadership in generics, complex generics, biosimilars, and specialty therapeutics, catering to a wide range of therapeutic areas including respiratory, cardiovascular, diabetes, and tuberculosis.
Key Information:
- Founded: 1968 by Dr. Desh Bandhu Gupta
- CEO: Vinita Gupta
- Revenue: ₹24,305 crore
- Number of Employees: 22,000+
Products and Services:
Lupin makes a wide range of generic medicines, active pharmaceutical ingredients (APIs), and biosimilars. The company focuses on treating long-term conditions like heart disease, diabetes, and respiratory problems. It also works on complex medicines to improve patient care worldwide.
Global Reach:
Lupin operates in over 100 countries and has research and development centers in India, the US, Mexico, Brazil, and the Netherlands. With manufacturing units across the globe, Lupin plays a major role in the global pharmaceutical industry.
Certificates:
- WHO-GMP
- US FDA
- UK MHRA
- TGA
- ISO 9001:2015
Awards & Recognition:
- Top Innovator in Generic Medicines
- Best R&D for Complex Medicines
- Fastest Growing Pharma Company in Emerging Markets
- Listed on S&P BSE 500 and NSE Nifty 50 Index
Address:
198-202, New Industrial Area No.2
Mandideep, Raisen, Madhya Pradesh – 462 046.
3. Sun Pharmaceutical Industries Ltd.
Sun Pharmaceutical Industries Ltd. (Sun Pharma), founded in 1983, is a global leader in the generic pharmaceutical industry. With its presence across over 100 countries, Sun Pharma is the fourth-largest specialty generics company globally, offering high-quality, affordable medicines to healthcare professionals and patients. The company is renowned for its commitment to innovation, diverse product portfolio, and strong global footprint.
Key Information:
- Founded: 1983
- CEO: Dilip Shanghvi
- Revenue: ₹44,820 crores
- Number of Employees: 41,000+
- Global Rank: 4th Largest Generic Pharmaceutical Company Worldwide
Products & Services:
Sun Pharma offers an extensive portfolio of branded and generic pharmaceutical products, including formulations, active pharmaceutical ingredients (APIs), and over-the-counter (OTC) medicines. The company’s products cover a wide range of therapeutic areas, such as oncology, neurology, cardiology, ophthalmology, dermatology, and immunology. Sun Pharma also has a robust pipeline of biologic drugs and specialty products to address evolving patient needs.
Global Reach:
The company operates in more than 100 countries and has a significant presence in the US, Western Europe, and emerging markets. Sun Pharma is the largest pharmaceutical company in India and ranks among the leading generic companies in the US, particularly in dermatology.
Certificates:
- WHO-GMP
- US FDA
- EU GMP
- ISO 9001:2015
- PIC/S
Awards & Recognition:
- Listed among the Forbes “World’s Best Regarded Companies” in 2019
- Received the Golden Peacock Award for Corporate Social Responsibility in 2021
- Recognized as a “Great Place to Work” in 2022
- Ranked as the #1 Generic Pharmaceutical Company by patient groups in the PatientView ‘Corporate Reputation of Pharma’ survey 2021
Address:
Plot No. 1, Sector II, Industrial Area, Pithampur,
Dhar District, Indore, Madhya Pradesh 454775.
4. Ipca Laboratories Limited
Ipca Laboratories Limited, founded in 1949, is a prominent Indian multinational pharmaceutical company, recognized for its robust portfolio of over 350 formulations and 80 active pharmaceutical ingredients (APIs). With a commitment to high-quality manufacturing and global reach, Ipca is a key player in the pharmaceutical industry, offering a wide range of products that cater to various therapeutic segments. The company operates in over 120 countries and is one of the largest manufacturers of APIs worldwide.
Key Information:
- Founded: 1949
- MD: Premchand Godha
- Revenue: ₹5,896 crore
- Number of Employees: 12,000
- Global Rank: One of the largest API suppliers globally
Products & Services:
Ipca Laboratories offers a wide array of pharmaceutical products, including oral liquids, tablets, dry powders, capsules, and over-the-counter medicines. The company is particularly noted for its production of APIs like theobromine, acetylthiophene, and p-bromotoluene, which are marketed across Asia, Africa, CIS, and South America. Ipca’s diverse portfolio spans therapeutic areas such as pain management, rheumatology, antimalarials, and hair care.
Global Reach:
Ipca operates in over 120 countries and has a significant presence in key international markets. The company manufactures its products at fully automated facilities approved by prestigious drug regulatory authorities like UK-MHRA, EDQM-Europe, and WHO-Geneva. Ipca’s products are available across Asia, Africa, and South America, with particular emphasis on countries such as Russia, Sri Lanka, Tanzania, and Vietnam.
Certificates:
- WHO-GMP
- US FDA
- UK-MHRA
- EDQM-Europe
- TGA
Awards & Recognition:
- Selected by Forbes as one of the “Best Under a Billion” companies in Asia (2004)
- Known for manufacturing leadership in more than 12 APIs globally
- Five formulations rank among the top 300 brands in the Indian Pharmaceutical Market (IQVIA, October 2023)
Address:
89-90, Pologround Industrial Estate,
Malti Vanaspati, Indore, Madhya Pradesh 452015.
5. Glenmark Pharmaceuticals
Founded in 1977, Glenmark Pharmaceuticals Ltd is an Indian multinational focused on innovation and research. Initially known for generics and active pharmaceutical ingredients, it now specializes in oncology, respiratory, and dermatology. The company is committed to developing novel drugs and has partnered globally to advance cancer treatments, solidifying its position in the pharmaceutical industry.
Key Information:
- Founded: 1977
- CEO: Glenn Saldanha
- Revenue: ₹81 billion
- Number of Employees: 14,000+
Products & Services:
Glenmark Pharmaceuticals offers a broad range of products in therapeutic areas such as oncology, dermatology, and respiratory diseases. The company is involved in the development of both generic and branded drugs, including over-the-counter (OTC) medications. Notably, Glenmark has ventured into innovative drug development with a focus on cancer treatments, asthma, and COPD therapies. It also launched FabiFlu, a potential COVID-19 treatment, and Ryaltris, a nasal spray for allergic rhinitis.
Selected Products:
- FabiFlu: A treatment for COVID-19.
- Ryaltris: A nasal spray for seasonal allergic rhinitis, launched in collaboration with Sequirus.
- Abrocitinib: An oral treatment for moderate-to-severe atopic dermatitis, launched in collaboration with Pfizer.
- Biosimilar Liraglutide: Anti-diabetic drug launched in 2024.
Global Reach:
Glenmark operates in over 80 countries with more than 60% of its revenue coming from international markets. It has established manufacturing facilities across five continents and maintains a strong presence in the U.S., Europe, and emerging markets in Asia, Africa, and Latin America.
Certificates:
- WHO-GMP
- US FDA
- EU GMP
- ISO 9001:2015
Awards & Recognition:
- Ranked among the Top 100 Biopharmaceutical Companies globally (2022).
- Listed among the Top 50 Generics and Biosimilars Companies by sales (2022).
Address:
S R Compound Ashirwad Complex Naka,
Lasudia, Madhya Pradesh.
6. Symbiotec Pharmalab Pvt. Ltd.
Symbiotec Pharmalab Pvt. Ltd. is a global leader in the production of Active Pharmaceutical Ingredients (APIs) and intermediates, founded in 2000. It is known for its high-quality standards in the production of APIs for a variety of therapeutic segments, including oncology and cardiology.
Key Information:
- Founded: 2000
- CEO: Dr. R. K. Agarwal
- Revenue: ₹500 crore
- Number of Employees: 1,200+
Products & Services:
Symbiotec produces a comprehensive range of Active Pharmaceutical Ingredients (APIs) and intermediates across several therapeutic categories, including oncology, pain management, cardiovascular, and CNS disorders. The company is renowned for its world-class manufacturing processes, ensuring the highest standards of quality and safety in all its products.
Global Reach:
Symbiotec exports its products to over 50+ countries across the globe, with a strong presence in markets like the US, Europe, and Africa.
Certificates:
- WHO-GMP
- US FDA
- ISO 9001:2015
Awards & Recognition:
- Known for high-quality API manufacturing and innovation in the industry
Address:
Symbiotec Pharmalab Pvt. Ltd., Plot No. 24-27,
Industrial Area, Pithampur, Madhya Pradesh, India.
7. Piramal Pharma Solutions
Piramal Pharma Solutions, part of the Piramal Group, is a global provider of end-to-end drug discovery, development, and manufacturing services. The company has a strong presence in both the contract development and manufacturing organization (CDMO) and generic pharmaceutical sectors.
Key Information:
- Founded: 1988
- CEO: Vijay Shah
- Revenue: ₹4,400 crore
- Number of Employees: 3,500+
Products & Services:
Piramal Pharma Solutions provides a wide range of services, including API manufacturing, contract manufacturing, and research and development services for pharmaceuticals. The company is known for its capabilities in formulation and clinical trial manufacturing.
Global Reach:
With operations in over 30 countries, Piramal Pharma Solutions serves clients worldwide, particularly in the US, Europe, and Asia.
Certificates:
- US FDA
- WHO-GMP
- EU GMP
Awards & Recognition:
- Recognized for excellence in CDMO and pharmaceutical services globally
- Awarded for innovation in contract manufacturing
- Distinguished for contributions to the pharmaceutical and healthcare industry
Address:
plot 67, 70, Pithampur Industrial Area,
Sector II, Pithampur, Madhya Pradesh 45477.
8. Unichem Laboratories
Unichem Laboratories Ltd., established by the late Mr. Amrut Mody, is one of India’s most respected pharmaceutical companies. It is dedicated to providing superior healthcare products by combining strategic research with extensive industry knowledge. Unichem focuses on delivering quality and sustainable pharmaceutical solutions with a growing emphasis on global markets and research-driven innovations.
Key Information:
- Founded: 1944
- CEO: Dilip Mehta
- Revenue: ₹1,900 crore
- Number of Employees: 7,000+
Products & Services:
Unichem Laboratories specializes in the production of a wide variety of pharmaceutical products, including both generics and branded formulations across therapeutic areas such as cardiology, gastrointestinal, diabetology, dermatology, orthopedics, neuro, anti-infective, vitamins, and respiratory.
Global Reach:
Unichem operates in over 30 countries, with a strong focus on markets like the US, Europe, and emerging markets in Asia.
Certificates:
- WHO-GMP
- US FDA
Awards & Recognition:
- Awarded for excellence in formulation development and manufacturing
- Recognized for environmental responsibility in pharmaceutical manufacturing
- Acknowledged for contributions to healthcare sustainability
Address:
197, Sector 1, Pithampur, Madhya Pradesh 454775
9. Alkem Laboratories
Alkem Laboratories Ltd., founded in 1973, is a prominent global pharmaceutical company driven by a vision to improve healthcare through innovation and strategic research. The company has grown significantly and is known for its wide range of pharmaceutical products that cater to domestic and international markets.
Key Information:
- Founded: 1973
- CEO: Sandeep Singh
- Revenue: ₹126,676 million
- Number of Employees: 21,000+
Products & Services:
Alkem Laboratories offers an extensive range of products, including prescription medicines (Rx products), generics, and over-the-counter products. The company focuses on various therapeutic areas such as anti-infective, cardiology, neurology, oncology, gastroenterology, dermatology, and more, catering to a wide array of medical needs.
Global Reach:
Alkem operates in over 40 countries, with a significant presence in the US, Latin America, Europe, and Asia.
Certificates:
- WHO-GMP
- US FDA
- TGA
- MHRA
Awards & Recognition:
- Recognized as a leading pharmaceutical manufacturer in India
- Ranked among the top 5 pharmaceutical companies by market share in India (IQVIA 2023)
Address:
JJCR+G98, Pithampur Industrial Area,
Madhya Pradesh 454775.
10. Torrent Pharmaceuticals
Torrent Pharmaceuticals, founded in 1959, is a leading pharmaceutical company in India and a global player in the generics market. The company focuses on the manufacturing and marketing of high-quality pharmaceutical formulations across various therapeutic segments.
Key Information:
- Founded: 1959
- CEO: Samir Mehta
- Revenue: ₹10,076 crore
- Number of Employees: 15,000+
Products & Services:
Torrent Pharmaceuticals offers a diverse range of products, focusing on various therapeutic areas such as cardiovascular (CV), central nervous system (CNS), gastro-intestinal (GI), diabetology, oncology, and pain management. In addition, the company has established a strong presence in nephrology, pulmonology, gynecology, and pediatric treatments. Torrent Pharma also provides branded generics, APIs, and over-the-counter (OTC) products, catering to global markets.
Global Reach:
Torrent Pharmaceuticals has a strong global presence in over 50 countries, particularly in the US, Europe, and Latin America.
Certificates:
- WHO-GMP
- US FDA
- EU GMP
Awards & Recognition:
- Recognized as one of India’s top pharmaceutical companies by market share
- Awarded for excellence in manufacturing and R&D
Address:
Plot. No. 810, Sector III, Industrial Area Pithampur,
Kalibillod, Madhya Pradesh 454775
Conclusion
Indore has become a key hub for the pharmaceutical industry in India, with major companies like Cipla, Lupin, Glenmark, and Alkem driving its growth. These businesses play a crucial role in providing essential medicines and boosting the local economy.
With ongoing innovation and global expansion, Indore is set to remain a leading pharmaceutical destination, promising a bright future for the industry and healthcare worldwide.
