Indian pharmaceutical industry is globally ranked fourth in terms of volume, constituting 8% of total world’s production. Its value is estimated at $17 billion. Thanks to the technological investment, it has been able to mass produce drugs from all major therapeutic groups. It is one of the most attractive industries globally as its growth continues to outperform that of the global industry.
The top 10 pharmaceutical companies in India 2013 based on the net sales as per the latest profit and loss account available (BSE).
It has its headquarters in Mumbai. A large percentage of its revenues are from Europe. The company has its presence not only in the developed nations but also in developing countries like Russia, Brazil, Vietnam, etc. It also owns the Wockhardt hospitals. Wockhardt used to manufacture baby food Farex and nutrition drink Protinex which it later sold to Abbott pharma.