The Indian pharmaceutical industry is the second-fastest growing industry sector in the country. It has shown a revenue growth of 27.32 per cent (as per the latest data available) to touch Rs 25,196.48 crore (Rs 251.96 billion) in 2006-07. The industry also saw Indian drug companies buying out many small firms the world over as they expand their reach, markets and muscle.
So when, Japanese drug firm Daiichi Sankyo on June 11 announced the acquisition of a majority stake of more than 50 per cent in domestic major Ranbaxy for over Rs 15,000 crore (Rs 150 billion), marking the largest ever deal in Indian pharma industry, it stunned the industry.
Ranbaxy is India’s largest pharmaceutical company with a 2007 turnover of Rs 4,198.96 crore (Rs 41.989 billion) by sales. The deal will create the 15th biggest drugmaker globally.
Daiichi would also make an open offer for an additional 20 per cent stake in Ranbaxy at a price of Rs 737 per share. This deal values Ranbaxy at about $8.5 billion. Malvinder Singh will continue as CEO and MD of the Ranbaxy, post deal too.
#2. Dr Reddy’s Laboratories
Dr Reddy’s Labs, with a 2007 turnover of Rs 4,162.25 crore (Rs 41.622 billion), is India’s second largest drug firm by sales.
Pharma major Cipla is India’s third largest pharmaceutical firm. Its 2007 revenues stood at Rs 3,763.72 crore (Rs 37.637 billion).
#4. Sun Pharma Industries
The Dilip Sanghvi-led Sun Pharma is the nation’s 4th largest pharma company at a 2007 revenue Rs 2,463.59 crore (Rs 24.635 billion).
#5. Lupin Labs
Lupin Labs is India’s 5th largest drugs firm. Its 2007 revenue was at Rs 2,215.52 crore (Rs 22.155 billion).
#6. Aurobindo Pharma
Aurobindo is India’s 6th largest pharma firm by sales. Its 2007 revenues stood at Rs 2,080.19 crore (Rs 20.801 billion).
#7. GlaxoSmithKline Pharma
GSK is India’s 7th largest drug company with a turnover of Rs 1,773.41 crore (Rs 17.734 billion) for 2007
#8. Cadila Healthcare
Cadila’s 2007 revenue was Rs 1,613.00 crore (Rs 16.13 billion), which makes it India’s 8th largest pharma firm.
#9. Aventis Pharma
Aventis Pharma, with a 2007 revenue of Rs 983.80 crore (Rs 9.838 billion) is the 9th largest Indian drug company.
#10. Ipca Laboratories
At a revenue of Rs 980.44 crore (Rs 9.804 billion), Ipca is India’s 10th largest pharma firm by sales.