Largest Pharma Companies In India And Their CMD Salary
- SUN Pharma is the largest pharmaceutical company in India followed by Aurbindo Pharma and Cipla
- Zydus Cadilla, Glenmark and Biocon are major pharmaceutical companies which makes India a global hub in pharmaceuticals
The Indian pharmaceutical industry is quite big. Over 50% of global vaccine demand is supplied by India. In USA Indian pharma companies supplies 40% of generic drugs demand while in UK 25% of all medicines are supplied by Indian companies. In pharmaceuticals sector India ranks 3rd by volume and 14th in value. Low cost of research & development and production gives Indian companies a competitive advantage. Some largest pharma companies in India gets big chunk of their revenue from exports.
Read More – 5 Largest FMCG Companies In India
India supplies over 80% of the antiretroviral drugs globally. These drugs are used to cure AIDS (Acquired Immune Deficiency Syndrome). In 2021, the Indian domestic pharmaceuticals market total value stood at $42 billion. Considering how fast the Indian pharma companies are growing it is expected to reach $130 billion by 2030. The biotechnology industry of India is alone valued at over $70 billion and could go past $150 billion by 2025. These are the 5 pharma companies in India that contributes the most in making India a global pharmaceuticals hub:
Sun Pharma
The largest pharmaceuticals company in India is Sun Pharma. Apart from being India’s largest pharma company it is the world’s 4th largest speciality generic pharmaceuticals company too. The products of Sun Pharma are exported to over 100 countries. In 2014, Sun Pharma acquired Ranbaxy and became the largest pharma company in India.
It is interesting to note that over 70% sales of the company comes from export markets, primarily USA. About 30% revenue of Sun Pharma comes from USA alone. The company has manufacturing plants at 44 different global locations. This company is headquartered in Mumbai, Maharashtra.
| Revenue | ₹38,654 crore |
| Net Income | ₹3,405 crore |
| Employees | 37,000+ |
| Headquarters | Mumbai, Maharashtra |
| Countries | 100+ |
Salary Of Sun Pharma MD – Dilip Shanghvi
Dilip Shanghvi is the one who founded the Sun Pharma in 1983. He is one of the lowest paid CEOs in India. In 2018-19 he drew just ₹1 as a salary. But he owns 55% stakes in Sun Pharma and majority of his wealth comes from dividends of that. He gets over ₹200 crore in dividends annually. His net worth is over $14 billion and he is one of the richest people in India.
Aurbindo Pharma
India’s 2nd largest pharmaceuticals company is Aurbindo Pharma. Like Sun Pharma, over 70% of revenue of Aurbindo Pharma comes from export markets. The company has its presence in over 125 countries. World’s leading pharma companies like AstraZeneca and Pfizer are its marketing partners. Founded in 1986 by V. Ramprasad Reddy and K. Nityananda Reddy the Aurbindo Pharma is headquartered in Hyderabad, Telangana.
| Revenue | ₹23,455 crore |
| Net Income | ₹2,678 crore |
| Employees | 20,000+ |
| Headquarters | Hyderabad, Telangana |
| Countries | 125+ |
Salary Of Aurbindo Pharma MD & Vice Chairman – K Nithyananda Reddy
K Nithyananda Reddy is the managing director and vice chairman of Aurbindo Pharma. His annual salary is around ₹25 crore including commissions and stock options. On 1 January 2022, K Nithyananda Reddy was appointed MD of Aurbindo Pharma succeeding N. Govindarajan.
Cipla
India’s 3rd largest pharmaceuticals company is Cipla. Cipla stands for Chemical, Industrial & Pharmaceutical Laboratories. Khwaja Abdul Hamied founded this company in 1935. The name Cipla was adopted in 1984. This company has 47 manufacturing plants across 8 different states of India.
| Revenue | ₹21,763 crore |
| Net Income | ₹2,559 crore |
| Employees | 22,000+ |
| Headquarters | Mumbai, Maharashtra |
| Countries | 80+ |
Salary Of Cipla CEO – Umang Vohra
The annual salary of Cipla CEO Umang Vohra is around ₹18 crore. In FY19, he took home ₹15 crore as total remuneration by the company. In FY18, the total remuneration of Umang Vohra stood at ₹18.85 crore.
Zydus Lifesciences
Formerly known as Cadila Healthcare Ltd, Zydus Lifesciences is one of the India’s largest pharmaceuticals companies. Generic drugs is what this company primarily manufactures. In 1952, Ramanbhai Patel founded this company. Zydus Lifesciences is headquartered in Ahmedabad, Gujarat.
| Revenue | ₹15,265 crore |
| Net Income | ₹2,326 crore |
| Enployees | 23,000+ |
| Headquarters | Ahmedabad, Gujarat |
| Countries | 70+ |
Salary Of Zydus Lifesciences Chairman – Pankaj R Patel
On 14 january 2022, Pankaj R Patel was appointed as a chairman of Zydus Lifesciences. Sharvil P. Patel is the managing director of this company. In FY21 Sharvil P. Patel took home ₹25 crore as total remuneration by the company. One year after the appointment the total remuneration of Pankaj R Patel will be disclosed.
Glenmark
Founded in 1977, Glenmark is a major pharmaceuticals company headquartered in Mumbai, Maharashtra. Gracias Saldanha is the founder of Glenmark. During Covid-19, Glenmark launched its vaccine Favipiravir which was very helpful in combating the epidemic.
| Revenue | ₹12,304 crore |
| Net Income | ₹993 crore |
| Employees | 15,000+ |
| Headquarters | Mumbai, Maharashtra |
| Countries | 65+ |
Salary Of Glenmark Chairman – Glenn Mario Saldanha
Glenn Mario Saldanha is the chairman, MD and CEO of Glenmark. His annual salary is ₹14.5 crore. In 2001, Glenn Mario Saldanha was appointed as a chairman, MD & CEO of Glenmark.
Largest Pharma Companies In India And Their CMD Salary:
| Companies | CMD | Salary |
| Sun Pharma | Dilip Shanghvi | ₹200 crore+ (Dividends) |
| Aurbindo Pharma | K Nithyananda Reddy | ₹25 crore |
| Cipla | Umang Vohra | ₹15 crore |
| Zydus Lifesciences | Pankaj R Patel | ₹25 crore |
| Glenmark | Glenn Mario Saldanha | ₹14.5 crore |
