Top 10 Pharmaceutical Companies in India in 2021 by R&D Expenditure
Dr. Reddy's Laboratories Ltd, Alembic Pharmaceuticals Ltd, Biocon Ltd, Cipla Ltd, and Suven Life Sciences Ltd are the top 5 pharma companies in India in 2021 by R&D expenditure. Cumulatively, the top companies in India employed a total of 104,862 people in 2021. India-based Dr. Reddy's Laboratories Ltd is one of the leading pharma companies in India in 2021 by R&D expenditure. It is a pharmaceutical company that manufactures and markets generic formulations, active pharmaceutical ingredients (APIs), biosimilars, and proprietary products. The company’s generic products are indicated for the treatment of gastrointestinal disorders, various cancer types, cardiovascular diseases, pain, central nervous system disorders, infectious diseases, and pediatric diseases. The company reported $209 million in R&D expenditures and generated revenue of $190,475 million, with average revenue growth of 8.74% due to strong growth in branded generics in all geographic areas. The company operates its business through four reportable business segments namely Global Generics, Pharmaceutical Services & Active Ingredients (PSAI), Proprietary Products, and Others, and employed 20,122 people. India-based Alembic Pharmaceuticals Ltd is one of the leading companies in India in 2021 by R&D expenditure. It is a pharmaceutical company that manufactures and supplies generic pharmaceutical products. The company's product portfolio includes oral solids, oncology OSD, general and oncology injectables, generic formulations, and ophthalmic and dermatology products. The company reported $70 million in R&D expenditures and generated revenue of $53,931 million, with average revenue growth of 17.10%. The company serves its products to India, the US, Canada, Brazil, Australia, South Africa, and other regions in Europe, and employed 12,160 people.