According to an exchange filing, Gujarat-based pharmaceutical mammoth Torrent Pharma declared on June 29, 2025, that it has finalised deals with international investment titan KKR to purchase a majority share in JB Chemicals.
According to the possible purchase details, the company intends to buy J. B. Chemicals and Pharmaceuticals (JB Pharma) at a fully diluted equity valuation of INR 25,689 crore. The two businesses will then merge.
The international behemoth employs Tau Investment Holdings, the promoter company of JB Pharma, an investment vehicle owned by KKR, to acquire stock in the pharmaceutical giant. Tau Investment is KKR & Co. Inc.’s separate legal company. As of June 29, 2025, Tau Investment held 47.84% of J. B. Chemicals and Pharmaceuticals, according to BSE records.
Deal to be Completed in Two Phases
There will be two stages to the JB Pharma takeover agreement. Through a share purchase agreement (SPA), Torrent Pharma would purchase a 46.39% stake in the first phase for a total of INR 11,917 crore, or INR 1,600 per share.
The business will launch a mandatory open offer to purchase up to 26% of JB Pharma shares from public stakeholders at an open offer price of INR 1,639.18 per share as an extension of the first phase.
At the same price per share as KKR selling its position, Torrent also intends to purchase an additional 2.80% of JB Pharma from certain workers who own stock in the business. Additionally, the business revealed its intentions to merge Torrent with JB Pharma through a plan that would give 51 shares of Torrent Pharmaceuticals to each shareholder who owns 100 shares of JB Pharma.
“Torrent Pharma is happy to have on board the JB Pharma heritage and build on the platform for the future,” said Samir Mehta, the company’s executive chairman, in an official statement.
He further added that together with the CDMO and global reach, Torrent’s extensive presence in India and JB Pharma’s rapidly expanding India business present enormous opportunities to grow both revenue and profitability.
The Acquisition will Strengthen Torrent’s Market Share
Through the acquisition, Torrent will increase its market share in the IPM and get long-term access to the CDMO industry. Additionally, it would provide more scalability and consolidation in important global markets.
Co-Head of Asia Pacific, Head of Asia Pacific Private Equity, and CEO of KKR India, Gaurav Trehan, stated that the growth of JB Pharma under KKR’s leadership is evidence of the company’s capacity to grow top-tier businesses. Adding further, he stated that KKR is honoured to have worked with the management of JB Pharma.
India’s pharmaceutical industry has come a long way since its early days of producing generic drugs for the world. Today, the country is home to some of the largest and most innovative pharmaceutical companies in the world.
According to the Indian Economic Survey 2021, the domestic market is expected to grow 3x in the next decade. India’s domestic pharmaceutical market stood at US$ 42 billion in 2021 and is likely to reach US$ 65 billion by 2024 and further expand to reach US$ 120-130 billion by 2030.
Indian drug & pharmaceutical exports increased from US$ 16.8 billion to US$ 25.4 billion from 2016-17 to 2022-23. Indian drug & pharmaceutical exports stood at US$ 2,196.32 million in September 2022.
In this article, we will explore the Top 20 Pharmaceutical Companies in India and their contributions to the industry.
Top Pharmaceutical Companies of India – Sun Pharmaceutical Industries Ltd.
It is a leading multinational pharmaceutical company in India. Sun Pharma was established in the year 1983. It was founded by Mr. Dilip Shanghvi,who is also the MD of Sun Pharmaceuticals. Sun Pharmaceutical Industries’ revenue wasINR44,520 cr in 2023. The company started offering products to treat psychiatric ailments. Now, the company also offers formulations in various therapeutic, gastroenterology, and diabetology.
Sun Pharmaceutical Industries is one of the largest pharmaceutical company in India based on overall revenue. It is the fourth largest global specialty generic pharmaceutical company in the world. It also sells Carbamazepine, Etodolac, and Clorazepate as well as anti-cancer, steroids, peptides, sex hormones, and controlled substances. Its subsidiaries include Ranbaxy Laboratories and Sun Petrochemical Pvt. Ltd, Sun Ophthalmic Inc, Alkaloida Chemical Company Zrt, Chattem Chemicals Inc. This pharmacy business sells affordable medicines in over 150 countries across 6 continents.
Top Pharmaceutical Companies of India – Divi’s Laboratories
Divi’s Laboratories Limited is a noteworthy player among the top 20 pharma companies in India. This Indian multinational pharmaceutical company, headquartered in Hyderabad, has made a significant impact on the global pharmaceutical industry. Divi’s Laboratories was founded in 1990. Divi’s Laboratories Ltd. manufactures active pharmaceutical ingredients (APIs) and intermediates. This pharmaceutical company in India is engaged in the manufacture of leading generic compounds, Nutraceutical ingredients, custom synthesis of APIs, and intermediates for global innovator companies. Divi’s Laboratories is one of the largest API companies in the world, with a revenue of INR 8,112.17 cr in 2023, and exporting to more than 95 countries.
3. Dr. Reddy’s Laboratories
Company Name
Dr. Reddy’s Laboratories
Founded
1984
Owner
Dr. Kallam Anji Reddy
Headquarters
Hyderabad
Website
www.drreddys.com
Top Pharmaceutical Companies of India – Dr. Reddy’s
Dr. Reddy’s Laboratories was founded by Anji Reddy in 1984. It is an Indian multinational pharmaceutical company. It is known for manufacturing a wide range of pharmaceuticals in India and overseas. They have over 190 medications, 60 active pharmaceutical ingredients for drug manufacturers, diagnostics kits, critical care, and biotechnology products. It had a revenue of INR 25,725.20 cr in 2023. The notable products of Dr. Reddy’s include Canagliflozin. Ramipril, Ibuprofen, Naproxen, Atorvastatin, Nizatidine, Naproxen Sodium, etc.
4. Cipla Limited
Company Name
Cipla Limited
Founded
1935
Owner
Yusuf Hamied
Headquarters
Mumbai
Website
www.cipla.com
Top Pharmaceutical Companies of India – Cipla
Cipla is an Indian multinational pharmaceutical and biotechnology company, that has its headquarters in Mumbai and was established in 1935 by Khwaja Abdul Hamied. Yusuf Hamied is the Non-Executive Chairman of Cipla. This pharmaceutical company in India focuses on developing medicines to treat respiratory, and cardiovascular diseases, arthritis, diabetes, weight control, depression, and many more.
Cipla had a revenue of INR 23,228.57 cr in 2023 and has more than 22,036 employees. The subsidiaries of Cipla are Invagen Pharmaceuticals. They are the largest manufacturer of antiretroviral drugs.
Emcure Pharmaceuticals is a Pune-based company, which was founded in 1983 by Satish Ramanlal Mehta. It was to address the vision of fulfilling the vast healthcare needs that Emcure Pharmaceuticals was born. Emcure Pharmaceuticals started as a single manufacturing facility in Pune and has witnessed healthy growth throughout the years, now boasting a range of world-class manufacturing facilities spread across API, formulations, and biotechnology. Emcure is now known as a vertically integrated pharmaceutical company with commendable infrastructure, skills, and resources that are not only comparable to the best pharma companies in Pune, India but those that are considered as the best in the world. Manufacturing of APIs, Formulations, and Biotechnology can all be summed up as strengths of Emcure.
Namita Thapar, who is distinguished as one of the judges of Shark Tank India, is the Executive Director of Emcure’s India business.
Founded in the year 1978, Biocon is the most popular pharmaceutical company in India. Biocon Limited manufactures generic active pharmaceuticals. The company is based out of Bengaluru. Products from Biocon Limited are sold around the world on a very huge scale. More than 9000 people are employed at Biocon and the company holds total assets valued at over $824 million.
7. Torrent Pharma
Company Name
Torrent Pharma
Founded
1959
Owner
Sudhir Mehta
Headquarters
Ahmedabad
Website
www.torrentpharma.com
Top Pharmaceutical Companies of India – Torrent Pharmaceuticals
Torrent Pharmaceuticals is a leading Indian multinational pharmaceutical company that specializes in the production of generic drugs and active pharmaceutical ingredients. It is based in Ahmedabad and has a revenue of INR 9,665.29 cr as of 2023. Torrent has manufacturing plants at Dahej, Pithampur, Gujarat, and Madhya Pradesh. Torrent Pharma makes medicinal drugs for the Central Nervous System, gastrointestinal pain management, gastrointestinal diabetology, and anti-infective segments. It is committed to providing high-quality and affordable healthcare solutions to patients across the world.
Top Pharmaceutical Companies of India – Lupin Limited
Lupin is a leading Indian multinational pharmaceutical company based in Mumbai that specializes in the development, production, and marketing of generic and branded drugs. Lupin was established in 1968 by Desh Bandhu Gupta. It is the 12th-largest company by market capitalization and is thus one of the most well-known pharmaceutical manufacturers in India. Lupin had a revenue of INR 16,715.02 cr in 2023. The company is involved in the manufacturing and selling of medicines ranging from pediatrics, cardiovascular, anti-infectives, diabetology, asthma, and anti-tuberculosis.
Lupin Limited has its major markets in the USA (Baltimore, Maryland), India Region Formulations, Europe, Japan, South Africa, Australia, Philippines, Mexico, Latin America, etc. Some of the subsidiaries of Lupin Ltd. are Lupin Pharmaceutical Inc., Kyowa Pharmaceutical Industry Co. Ltd., and many more.
Top Pharmaceutical Companies of India – Zydus Lifesciences
Zydus Lifesciences Limited (formerly Cadila Healthcare) was founded in 1952 by Ramabhai Patel. It is also known as Zydus Cadila. It is an Indian pharmaceutical company headquartered in Ahmedabad. It is one of the largest pharma companies in India and had a revenue of INR 17,424 cr in 2023.
Zydus Lifesciences Limited is also known for excellent diagnostics, along with being a manufacturer of herbal, skincare, and other OTC products. The company also produces generics for hepatitis C treatment, based on the voluntary license agreement with Gilead. Cadila makes API at three sites in India which are Ankleshwar plant, the Vadodara plant, and Patalganga.
P. V. Ramaprasad Reddy and Mr. K. Nityananda Reddy
Headquarters
Hyderabad
Website
www.aurobindo.com
Top Pharmaceutical Companies of India – Aurobindo Pharma Limited
Aurobindo Pharma Limited was established in 1986. It sells over 300 products in over 125 countries and its key segment is APIS, as 35% of the total revenue is generated from API. It is the second-biggest pharmaceutical company in India and had a revenue of INR 25,145.97 cr in 2023. Aurobindo Pharma Limited is engaged in the manufacturing and selling of medicines in the fields of neurosciences, cardiovascular, Antiretrovirals, anti-diabetics, gastroenterology, cephalosporins, etc.
11. Intas Pharmaceuticals Limited
Company Name
Intas Pharmaceuticals Limited
Founded
1986
Owner
Hasmukh Chudgar
Headquarters
Ahmedabad
Website
www.intaspharma.com
Top Pharmaceutical Companies of India – Intas Pharmaceuticals
Intas Pharmaceuticals Limited, based in Ahmedabad was founded in 1984 and had a revenue of $2.2 Billion in 2022. It has 13 commercialized biosimilars including Docetaxel and Paclitaxel. This pharma company in India has its R&D department in the field of chronic disease of oncology (cancer), rheumatology, auto-immune, nephrology, ophthalmology, and plasma-derived product-based therapies.
This pharmaceutical company has its headquarters in Ahmedabad and is one of the leading biosimilar product manufacturers in Asia. Intas has 14 formulation manufacturing facilities, of which seven are located in India and the rest in the UK and Mexico. It is the seventh-largest company in India, and the company saw an increase in revenue by 29.84% in 2017.
12. Glenmark Pharma Limited
Company Name
Glenmark Pharma Limited
Founded
1977
Owner
Glenn Saldanha
Headquarters
Mumbai
Website
Glenmarkpharma.com
Top Pharmaceutical Companies of India – Glenmark Pharma Limited
Glenmark Pharma Limited is a pharma company headquartered in Mumbai, India that was founded in 1977 by Gracias Saldanha. This pharmaceutical company has drug discovery that plays an important role in the field of therapeutic areas of dermatology, respiratory, and oncology. It is the eighth largest pharma company and had a revenue of INR 13,306.90 cr in 2023. The company also focused on new biosimilar drugs and in the fields of cancer, dermatology, and respiratory diseases, by collaborating with major pharma companies.
Top Pharmaceutical Companies of India – Innovexia Life Sciences
Innovexia Life Sciences Pvt. Ltd. is one of the best pharmaceutical companies in India. It is involved in the manufacturing as well as the trading of various antacid medications, anti-allergic tablets, capsules, etc. It is also known as a top PCD Pharma Franchise company, that keeps investing and equipping itself with state-of-the-art facilities for high-quality medicines.
14. Biophar Lifesciences Pvt. Ltd.
Company Name
Biophar Lifesciences Pvt. Ltd.
Founded
2010
Owner
Gulshan Rawat
Headquarters
Chandigarh
Website
Biopharlifesciences.co.in
Top Pharmaceutical Companies of India – Biophar Lifesciences Pvt. Ltd.
Biophar is a prominent player among the top 20 pharma companies in India, based in Chandigarh it deals in the PCD Pharma Franchise Business and manufacturing. The quality and reasonably priced formulations make the company one of the most reliable companies in India. Biophar has been expanding its client base by reaching every corner of the nation and adding more distributors. It is the constant endeavor that the company takes, which helps its business spread to other parts and create new networks.
15. Mankind Pharma Limited
Company Name
Mankind Pharma Limited
Founded
1995
Owner
R. C. Juneja and Rajeev Juneja
Headquarters
New Delhi
Website
www.mankindpharma.com
Top Pharmaceutical Companies of India – Mankind Pharma Limited
Mankind Pharma Limited is a pharma company in India that has its headquarters in New Delhi. It was founded in 1995 and helps in the production and sale of a wide range of products, including Antibiotics, Antifungals, NSAIDs, Gastrointestinal, Anthelmintic, Cardiovascular, Dermal, Erectile Dysfunction, and several other categories. The company had a revenue of approximately INR 8,878 cr in 2023 and is one of the top Indian pharma company.
16. Piramal Enterprises Limited
Company Name
Piramal Enterprises Limited
Founded
1984
Owner
Ajay Piramal
Headquarters
Mumbai
Website
www.piramal.com
Top Pharmaceutical Companies of India – Piramal Enterprises Ltd.
Piramal Enterprises Limited is one of the popular companies for Pharmaceuticals in India. It was founded in 1984 and was acquired by Ajay Piramal in the early 1980s. The global business conglomerate deals with healthcare, life sciences, drug discovery, healthcare, etc. The company further deals with pharma, critical care, consumer products, phytomedicine, and imaging. Piramal Enterprises Limited is based on total revenue of INR 9,086.74 cr in 2023.
17. Laurus Labs Ltd.
Company Name
Laurus Labs Ltd.
Founded
2005
Owner
Dr. Satyanarayana Chava
Headquarters
Hyderabad
Website
www.lauruslabs.com
Top Pharmaceutical Companies of India – Laurus Labs Ltd.
Laurus Labs, a leading research and development-driven Indian pharma and biotech company, is a notable player in the top 20 pharma companies in India and had a revenue of INR 6,046.55 cr in 2023. Laurus Labs is headquartered in Hyderabad and has its manufacturing plants located at Visakhapatnam, Hyderabad, and Bangalore. The company mainly focuses on active pharma ingredients, finished dosage forms, synthesis, and biotechnology. Laurus Labs leads in generic active pharmaceutical ingredients (‘APIs’) certain high-growth therapeutic areas of antiretrovirals (‘ARVs’), Hepatitis C, and Oncology.
Laurus Labs is a 4000-employee organization all of whom are always looking out to expand the horizons of Chemistry to develop new cures and new methods to cure people along with making a considerable profit. The employees of Laurus Labs Ltd. include pharmaceutical and biotechnology industry veterans, research scientists, manufacturing and management professionals, and more.
18. Abbott India Ltd.
Company Name
Abbott India Ltd.
Founded
1944
Owner
Abbott Laboratories
Headquarters
Mumbai
Website
www.abbott.co.in
Top Pharmaceutical Companies of India – Abbott India Ltd.
Founded in 1944, Abbott is a subsidiary of Abbott Laboratories of USA, established back in 1910 and always dedicated to helping people live healthier lives. Abbott India is responsible for manufacturing a diverse range of nutritional products, diagnostic tools, branded generic pharmaceuticals, diabetes, vascular devices, and more.
Abbott’s products can be categorized into a wide range of therapeutic categories like women’s health, gastroenterology, cardiology, metabolic disorders, and primary care.
Headquartered in Mumbai, Abbott is one of the oldest pharmaceutical companies in India and among the largest MNC pharma companies.
19. Alkem Laboratories
Company Name
Alkem Laboratories
Founded
1973
Owner
Samprada Singh
Headquarters
Mumbai
Website
www.alkemlabs.com
Top Pharmaceutical Companies of India – Alkem Laboratories
Alkem or Alkem Laboratories Ltd. is one of the Indian multinational pharma companies from Mumbai that produces and sells pharmaceutical generics, formulations, and nutraceuticals in India and around the world. It had a revenue of INR 11,815.34 cr in 2023.
Alkem Laboratories has successfully set up 21 manufacturing plants, as of September 2021, out of which 19 plants are in India and 2 of Alkem’s plants are in the US. Alkem boasts of around 5 decades worth of popularity. Taxim from Alkem emerged as the first anti-infective drug to cross the 1,000 million mark of domestic sales in 2006.
20. Alembic Pharmaceuticals
Company Name
Alembic Pharmaceuticals
Founded
1907
Owner
Chirayu Amin
Headquarters
Vadodara
Website
Alembicpharmaceuticals.com
Top Pharmaceutical Companies of India – Alembic Pharmaceuticals
Alembic Pharmaceuticals was founded in 1907 in Vadodara, Gujarat. The company is involved in manufacturing pharmaceutical products, pharmaceutical substances, and intermediaries and has set up its manufacturing plants in Panelav and Karakhadi, Gujarat, and Sikkim.
The company initially started as Alembic Chemical Works in 1907, when the company began manufacturing tincture and alcohol in its unit at Vadodara. With its name in the Forbes’ 2016 list of ‘India’s Super 50 Companies 2016’, Alembic Pharmaceuticals is one of the most popular pharmaceutical brands in India.
Conclusion
India has a rapidly growing pharmaceutical industry and is becoming a major player in the global market. The top pharmaceutical companies in India, including Torrent Pharmaceuticals, Lupin, and Zydus Lifesciences Limited, have made significant contributions to the industry through their innovative products and commitment to high-quality healthcare solutions. These companies have a global presence and are expanding their reach to new markets, with a focus on affordable healthcare solutions for patients worldwide. With India’s growing expertise in the field of pharmaceuticals, the industry is set to witness significant growth in the years to come.
FAQs
What are the top 20 pharmaceuticals in India?
Here is the list of the top 20 pharmaceutical companies in India:
Sun Pharmaceutical Industries
Divi’s Laboratories
Dr. Reddy’s Laboratories
Cipla Limited
Emcure Pharmaceuticals
Biocon Limited
Torrent Pharma
Lupin Limited
Cadila Healthcare Limited
Aurobindo Pharma Limited
Intas Pharmaceuticals Limited
Glenmark Pharma Limited
Innovexia Life Sciences Pvt. Ltd.
Biophar Lifesciences Pvt. Ltd.
Mankind Pharma Limited
Piramal Enterprises Limited
Laurus Labs Ltd.
Abbott India Ltd.
Alkem Laboratories
Alembic Pharmaceuticals
Which is the No. 1 pharma company in India?
Based on revenue, Sun Pharmaceutical Industries Ltd. is the largest pharma company in India.
Who is the owner of Sun Pharma?
Dilip Shanghvi is the owner of Sun Pharmaceutical IndustriesLtd.
What are the pharma companies in Ahmedabad?
There are numerous pharma companies in Ahmedabad. Some of the major pharmaceutical companies are:
Torrent Pharmaceuticals
Zydus Cadila
Unison Pharmaceuticals Private Limited
Dishman Pharmaceuticals
Nabros Pharma Private Limited
Acron Pharmaceuticals
Nabros Pharma
What is the turnover of pharmaceutical companies in India?
The Indian pharmaceutical market (IPM) grew 6.8% to touch a turnover of Rs 1.93 trillion in the year 2023.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. Torrent Pharma has approved the content in this post.
Diseases and medications have been an essential part of our lives since the dawn of time. The human body has health issues, and with the fast-paced lifestyle today, it is increasing like anything. Heart problems, diabetes, and blood pressure are some of the common diseases in today’s world. These issues are on the rise, and so is the pharmaceutical industry.
Pharma industries have become an integral part of our lives. This particular industry has a huge social responsibility while creating pharma products. One such well-known company like Torrent Pharmaceuticals Ltd. deals mainly in manufacturing drugs for Cardiovascular, nervous system (CNS), gastrointestinal, diabetes, etc. It was founded in 1959 by Indian businessman Uttambhai Nathalal Mehta.
Get all the details we have covered about Torrent Pharmaceuticals in this article. Learn about Torrent Pharmaceuticals’s business strategy, its products, the startup story, funding and investors, and more.
Torrent Pharma, the flagship company of the Torrent Group, is one of the country’s leading pharmaceutical enterprises. As per records, it ranks eighth in the Indian Pharma Market and is in the top five in the therapeutic areas of Cardiovascular, Central Nervous System, Gastrointestinal, and Vitamins Minerals Nutritionals. Other than being present in these therapeutic areas, the company has a strong presence in diabetology, pain management, gynecology, cancer, and anti-infective industries.
Torrent Pharma has eight production sites, out of which 7 are in India and 1 in the United States, five of which are FDA-approved. It has invested heavily in R&D capabilities, with state-of-the-art R&D infrastructure employing over 700 scientists, as the backbone for its expansion in the local and international markets.
Today, the company has a presence in over 40 countries and is ranked first among Indian pharmaceutical companies in Brazil, Germany, and the Philippines.
Torrent Pharma – Company Highlights
Date
Funding Round
Fund Amount
Investors
January 7, 2021
Venture Round
₹5.6 billion
ADQ
November 9, 2020
Private Equity Round
₹11.3 billion
Goldman Sachs
July 31, 2020
Private Equity Round
₹2.3 billion
Tata Capital
January 6, 2020
Private Equity Round
₹5.4 billion
True North
Torrent Pharma – Industry details
The high rise of numerous diseases is resulting in the improvement of the healthcare sector these days. According to a report, the worldwide pharmaceutical manufacturing market is estimated to be worth $957.59 billion by 2028, which is growing at a CAGR of 11.34%.
Torrent Pharma – Founder
Uttambhai Nathalal Mehta is the founder of Torrent Group. Torrent Pharmaceuticals is the flagship company of the Torrent Group.
Uttambhai Nathalal Mehta
U.N Mehta was born in Mehmadpur, a tiny hamlet in India’s Palanpur district in 1924. While living at the Mahavir Jain Vidyalay hostel, he earned his B.Sc. from Wilson College. He began his career as a government servant. From 1945 through 1958, he worked as a medical representative for the pharmaceutical corporation Sandoz.
It was in 1959, that U.N Mehta made the ground-breaking decision to establish his own company, Trinity Laboratories, with a starting capital of only Rs 25,000. This organization began producing specialized medications. It was a significant move at a period when only multinational corporations produced specialty medications, and Mr. Mehta went on to found Torrent Laboratories in 1976. The firm began promoting a variety of important pharmaceuticals at extremely lower rates and quickly established a reputation for itself. Torrent is now a huge corporation involved in pharmaceuticals and electricity generation.
U.N Mehta is commemorated by the U. N. Mehta Institute of Cardiology and Research Centre (UNMICRC) in Ahmedabad, Gujarat. He received various honors, including the Government of India’s ‘Business Man of the Year’ award in 1996-97. He is also known for his philanthropic contributions and has also financially supported social, educational, and humanitarian institutions and causes.
U.N Mehta was married to Shardaben Mehta. They have four children: two sons, Sudhir Mehta and Samir Mehta, and two daughters, Meena and Nayna. He left for the heavenly abode in 1998 in Ahmedabad.
Samir Uttamlal Mehta
Samir Uttamlal Mehta along with his brother Sudhir Mehta run the business of the Torrent Group. Samir has a master’s degree in business administration from the B.K. School of Business Management. Torrent Pharma took several strategic initiatives under his leadership, including ventures into novel therapeutic and geographies, large investments in product development infrastructure and capabilities, building state-of-the-art manufacturing facilities, and acquisitions, establishing Torrent as one of India’s fastest-growing and most respected Pharma companies.
Samit Mehta is responsible for the Group’s entry into the burgeoning City Gas Distribution sector by participating in bidding rounds for new territories and acquiring existing CGD firms to increase its commercial footprint.
Sudhir Uttamlal Mehta
Sudhir Uttamlal Mehta joined the family business in the early 70s. He has a bachelor’s degree from Gujarat University. Mr. Mehta joined his father in handling the activities of Torrent Pharma after finishing his schooling and began studying the complexities of business and management under his father’s guidance. He contributed significant dynamism and business acumen to the Group, culminating in the first success of Torrent Pharma, the Torrent Group’s flagship firm.
Torrent Pharma – Startup Story
The actual story of Torrent Pharmaceuticals began in 1971 as a Private Limited Company by Shri Rajnikant C. Patel and his family members. Later on, it was acquired by U.N Mehta. The Company’s primary business was the production of pharmaceutical formulations and bulk pharmaceuticals. The Company’s products had a strong reputation and were highly recognized in the market from that time.
On 28th June 1989, the Company became a deemed Public Company under the provisions of Section 43-A of the Act and by a Special, Resolution passed on 25th July 1992 at the Annual General Meeting, the Company became a Public Limited Company within the meaning of Section 3(1)(iv) of the act and adopted a new set of articles.
Fast forward to 1994, in the Indian market, the company was the first to introduce ranitidine (Ranitin), nifedipine (Calcigard), atenolol (Betacard), domperidone (Domstal), diltiazem (Dilzem), amiodorane (Cordarone), lisinopril (Listril), and other medications. During the same year, the Company introduced many new medications, including Zirtin, Tyklid, Flutamide, and Topcef, all of which were favorably welcomed by the market. In 1997, the firm made strategic agreements with world-renowned pharmaceutical companies such as Sanofi in France for cardio-vascular products and Novo Nordisk in Denmark for diabetes treatment. With sales in over 70 countries and a network of international marketing offices, Torrent become one of India’s top exporters of medicinal formulations during that period.
All these years, the contributions by Torrent Pharmaceuticals were many. Recently, the company launched MSD (a brand name of Merck & Co., Inc, Kenilworth, NJ, USA) and Ridgebacks molnupiravir under the brand name Molnutor.
Torrent Pharma – Mission and Vision
Torrent Pharma’s mission statement is, “We commit ourselves tototal customer care by delivering world-class products and services.”
The vision statement is, “To become the Most Respected Pharma Company.”
The company strongly believes in its Core values upon which it ensures longevity. Its core values are:
Integrity
Passion for Excellence,
Participative Decision Making,
Concern for Society & Environment,
Fairness with Care and Transparency.
Torrent Pharma – Name, Tagline, Logo
The tagline of Torrent Pharma is, “Innovating For A Healthier Tomorrow”
Torrent Pharma – Business & Revenue Model
Torrent Pharma’s business can be divided into three main segments:
India Business
The company has established itself as a prominent participant in the Indian Pharma field, from pioneering specialized marketing in India to earning the moniker “The Company with the Most First Launches.” They have well-separated marketing divisions that are strategically oriented toward distinct therapeutic sectors. Furthermore, it has a dominant position in the therapeutic segments of the cardiovascular, central nervous system, gastrointestinal, and women’s healthcare as mentioned earlier.
The company’s main areas of focus include formulations, API, drug discovery, marketing, and drug sales. Its operational manufacturing & R&D sites are as follows:
The manufacturing plant at Dahej, Gujarat
The manufacturing plant at Pithampur, Madhya Pradesh
Research Centre, Ahmedabad-Gandhinagar region, Gujarat – R & D Centre is spread out over 125,000 Sq. mts. with a built-up area of 41,000 Sq. mts.
The manufacturing plant at Indrad, Mehsana, Gujarat
The manufacturing plant at Baddi, Himachal Pradesh
Corporate Office, besides sales India, off. Ashram Road, [Ahmedabad]- Gujarat
The manufacturing plant at Visakhapatnam (Andhra Pradesh)
3 Manufacturing plant at Rang-Po, (Sikkim)
International Business
Torrent Pharma has its operations in the EU territory. It has operational sites are present in Germany, UK, and Brazil. The company is also an emerging market in countries like Russia, CIS, South East Asia, Asia Pacific, Africa, the Middle East, Australia, and Central and Latin America.
Torrent Pharma is present in African Countries like Kenya, Zimbabwe, Nigeria, Uganda, and South Africa. In Asian countries like – Sri Lanka, Malaysia, Philippines, Vietnam, and Myanmar.
US Business
Torrent has expanded its business footprint in the United States with the acquisition of Bio-Pharm, Inc. (BPI), a generic medicines and over-the-counter (OTC) company situated in Levittown, Pennsylvania. Torrent Pharma Inc., our subsidiary, meets the expanding market demand for our medicines, and we are now rated 10th among US generic Indian companies.
Approximately 85% of the Company’s revenue originates from four key markets: India, the United States, Germany, and Brazil. Torrent Pharma’s business mix (70% BGx and 30% Gx) is highly optimized since it blends steady financial returns with operational leverage and cost competitiveness.
Torrent Pharma’s CSR Activities
Torrent Pharma believes in the philosophy of “Think of others also when you think about yourself”. Through this principle, Torrent Pharma makes ongoing efforts through its CSR initiatives to give back to society for all of the care, healing, support, and nourishment bestowed on us. Its CSR initiatives are:
Community Health care, Sanitation, and Hygiene – Some of the projects are – the U.N.Mehta Institute of Cardiology and Research Centre (UNMICRC), Swadhar, the Community Health Care Centre, and REACH – the Paediatric Healthcare Programme
Education and Knowledge Enhancement – Set up many schools such as – Sharda Mandir Primary School, K.G. Mehta High School, Akhakhol Primary School, and Shiksha Setu: A Teaching-Learning Enhancement Programme in 2011.
Social Care and Concern – Urja Dweep, is a green-power residential complex situated at SUGEN Plant, Surat.
Torrent Pharma – Revenue Growth
Torrent Pharma’s EBITDA margins were 31% (2020-21 32%). Margins were greater the prior year due to Covid-induced cost moderation. Current-year margins were impacted by pricing pressures in the US base business, as well as a lack of fresh releases pending USFDA re-inspection of facilities.
The company reported having a revenue of $1.1 billion in 2022.
Torrent Pharma – Funding and Investors
Torrent Pharmaceuticals has received $40 million in investment in one round. On April 3, 2014, a Post-IPO Equity round was raised. Chrys Capital, an investment firm focused in India, is the company, which has invested in Torrent Pharmaceuticals.
Torrent Pharma – Mergers and Acquisitions
Torrent Pharmaceuticals has acquired five companies. Bio-Pharm was their most recent purchase, which occurred on January 19, 2018.
Date
Funding Round
Fund Amount
Investors
January 7, 2021
Venture Round
₹5.6 billion
ADQ
November 9, 2020
Private Equity Round
₹11.3 billion
Goldman Sachs
July 31, 2020
Private Equity Round
₹2.3 billion
Tata Capital
January 6, 2020
Private Equity Round
₹5.4 billion
True North
Recently, Dr. Reddy’s Laboratories Ltd. has made an agreement with Torrent Pharma to buy four of its brands: “Styptovit-E,” “Finast,” “Finast-T,” and “Dynapress.”
Torrent Pharma – Awards and Achievements
Torrent Pharma has won many awards such as:
It was listed amongst the top five ‘Fastest Growing Companies (Middleweights Category)’ by Business World Magazine – in 2017
Torrent Pharma’s manufacturing plant in Dahej, received USFDA approval – in 2016
Torrent Pharma was recognized as the Most Promising Company of the Year at the 10th CNBC TV18 India Business Leader Awards 2014
Milestones
Torrent Pharma entered into a licensing agreement with Medicine Patent Pool to manufacture and commercialize a generic version of Pfizer Oral COVID-19 Treatment
Torrent Pharma Entered Into Voluntary Licensing Agreement with Lilly to manufacture and distribute Baricitinib for Covid-19 in India – 2021
Torrent Pharma – Competitors
Torrent Pharma competes with the following companies:
Torrent Pharma plans to stay dedicated to remaining patient-centric, delivering best-in-class performance metrics, and driving portfolio innovation in order to achieve above-market growth. The company is anticipating that the US will contribute favorably to the Company’s total growth following facility re-inspection, which will be assisted by new product releases.
FAQs
Who is the founder of Torrent Pharma?
U.N. Mehta is the founder of Torrent Pharma.
What is the rank of Torrent Pharma in India?
In India, Torrent pharma ranks as the 8th biggest pharma company.
