Top 10 Pharmaceutical Companies in India 2017

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9. Glenmark Pharma

In 1977, Gracias Saldanha started the pharmaceutical company named Glenmark pharmaceuticals.

Image: company website

Headquartered in Mumbai, Glenmark managed to figure in the top 10 Pharma companies in India with a profit of 3808 crores last year. They have an employee strength of 12000 as their operations are spread all across the globe featuring in around 90 countries.

In India, their facilities are placed in states like Maharashtra, Himachal Pradesh, Goa and Gujarat. The three verticals Glenmark mainly feature are:

Medicine Discovery- inflammation (Asthma and Arthritis), metabolic disorders (Diabetes and Obesity) and pain (Inflammatory and Neuropathic pain) are the key research areas and Glenmark has managed to be the front-runner in this bracket.

Formulation Business- This business majorly concentrates on areas such as Dermatology, Respiratory, Cardiac, Diabetes, Oncology and Gynecology where the growth prospect has been promising.

Glenmark Generics Ltd the subsidiary of Glenmark Pharmaceuticals emphases on significant niche sectors like Dermatology, Hormones, Oncology and modified products.

Glenmark is focused in the areas of oncology, respiratory disease, and dermatology and they have compounds in the different stages of development. The company initially entered the dermatology market with the product ‘Candid Cream’ which is in fact its key focus area even today. By 2005 it expanded front-end commercial sales in US.  Across five countries including U S, Argentina, Czech Republic and India Glenmark it has 17 manufacturing facilities and Glenmark has five research & development centers worldwide engaged in discovery of novel biological and chemical entities.

Revenues (Crores INR): 3808

Profit (Crores INR): 1223

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