written by | October 31, 2022

Indian Biotech Industry's - Top 13 Companies in 2022

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Table of Content


Biotechnology firms have devised ways to provide an essential backbone for the country's economy. Biotechnology firms utilize techniques from living cells to create products or solve problems. The ability to obtain DNA and identification has enabled the biotechnology sector to rise to new levels.

The biotechnology industry has firms that have created successful products such as biofuels, resistant to pests, and other crops. The business's fast-paced, diverse and demanding nature has allowed it to gain the attention of employees and clients.

Did you know? The biotechnology business in India is one of the most rapidly developing experience and understanding industries. It also has the ability to play a critical role in the country's rapid economic growth.

Also read: List of Business Ideas to Start in Gujarat - New Business Ideas in Gujarat

Top-most Institutes in India 

1. Serum Institute Of India

Serum Institute of India is a leading biotech company in India, with its head offices in Pune. It is well-known for being a pioneer in discovering treatment options for a wide range of diseases afflicting the country. Serum Institute of India has been evaluated with a score of 4.2 from 5 from the 233 reviews. Serum Institute of India is famous for its Job Security, rated as the best, and has a score of 4.4. But, skills development is the lowest rated at 3.9 and could be enhanced.

2. Panacea Biotech Ltd.

It is a privately-owned organization. With effective field staff and officials, the company has attained to come under the list of top biotech companies in India. The company has earned an impressive name for itself with its product award of the year in 2011 for its product PacliALL. Panacea Biotec has a rating of 4.0 out of 5, relying on 572 reviews. Panacea Biotec is known for the highest balance of work and life and is awarded an overall score of 3.8. Yet, Salary & Benefits is the lowest rated at 3.4 and can be enhanced.

3.GlaxoSmithKline Pharmaceuticals

GlaxoSmithKline is one of the top biotech companies in India involved in both the pharmaceutical and biotechnology industries. After two years of planning, GlaxoSmithKline (GSK) has begun the process of splitting into two separate companies: New GSK, a biopharma company specialising in specialty medicines and vaccines developed using an R&D strategy that emphasises the immune system, the application of human genetics, and cutting-edge technologies, and a new consumer healthcare organisation. According to business representatives, plans call for a clean breakup into separate Biopharma and Consumer Healthcare divisions in 2022.

GlaxoSmithKline Pharmaceuticals Ltd. is the latest company to be established and take the spot of the top 10 biotech companies in India. It was founded in 2000. It is the latest of the companies to find a home to make a name for itself. GSK Pharmaceuticals is rated 4.3 out of 5 according to 430 reviews. GSK Pharmaceuticals is known for developing skills, rated as the highest, and given a score of 4.3. However, the growth of a career is rated as the lowest with 3.8, and can be increased.

4. Bharat Serums and Vaccines Limited

Bharat Serums and Vaccines Limited (BSV) is a top biotech company in India that has been in the business for more than four decades. They have used scientific resources to develop a variety of biotech, biological, and pharmaceutical products. They directly impact patients' outcomes within the therapeutic fields of women's health, critical Care, and IUI-IVF and are privileged to be an IUI-IVF preferred partner. 

Bharat Serums and Vaccines scored 4.0 out of 5 stars according to 335 reviews. Bharat Serums and Vaccines are well-known for their skill development, rated as the top, and awarded an overall score of 3.8. However, career growth is rated at the lowest level at 3.4 and can be increased.

5. Biocon Ltd.

Biocon has been an Indian biotech company at the forefront with its innovative research and development department. Biocon has also developed medicines for various diseases with the assistance of its highly skilled scientists. They are aiming to develop the best treatment for prevalent ailments. People worldwide have praised Biocon; this makes the company one of the top three players in the business.

Biocon is rated with an overall score of 3.8, out of 5, 944 reviews anonymously posted by employees. Seventy-six percent of Biocon employees would recommend Biocon to a person they know, and 73% are optimistic about the expectations for the business. This score has increased by 1% in the past twelve months.

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6. Novozymes South Asia

By utilizing productive and top staff, the company has ensured that it is at the highest level possible in the fundamental aspects of all drugs. The company aims to keep its clients happy by meeting their needs in the most cost-effective manner possible. The overall rating for Novozymes South Asia is 4.4, which includes work-life balance the highest and receiving a score of 4.4. However, career growth is the lowest, at 3.6.

7. Wockhardt Ltd.

With a headquarters located in Mumbai, India, Wockhardt Ltd was one of the top Indian biotech companies established in 1960. It is an entirely private endeavor of its founders in their home countries of the USA and EU with a turnover of ₹1410 crores for the year 2022. The business has established an unwavering grip on the Indian market and has also been successful in this regard. The company plans to put up its weight behind its rivals in the coming years to gain a position among India's leading listed biotech companies.

Wockhardt is evaluated at 3.7 from 5, according to 24 reviews. Wockhardt is renowned for skill development, which is the highest and rated at 4.3. Yet, Salary & Benefits is one of the lowest scores at 2.8 and could be increased.

8. Novo Nordisk

The Novo Nordisk corporate offices are located in Copenhagen, Denmark. The corporation is headed by Chairman Sten Scheibye. It's a private pharmaceutical company that's been around since 1923.

Novo Nordisk India, headquartered in Denmark, has more to give than merely taking their visitors, as seen by their gradual but steady takeover of the business of other major pots. This company has maintained its status as a leading source of high-quality medicines across all areas.

9. Dr. Reddy Laboratories Ltd

Dr. Reddy Laboratories is perhaps one of India's most prestigious biotech companies, founded in 1984 by scientist and founder Dr. K Anji Reddy. The company began with the manufacturing of active substances (APIs) to Ibuprofen and Methyldopa, the anti-hypertensive medication which was not previously available in India. 

The company later expanded into formulations. Over time, it began exporting the active components of Norfloxacin and Ciprofloxacin to Europe and the Far East in 1990, the first Indian pharmaceutical company. Dr. Reddy is an excellent Indian multinational company whose employees are treated with respect and a positive work environment. Employees about their development and learning new things. It's an ethically sound company concerned with every employee's personal growth. Dr. Reddy's is rated overall at 3.8 five stars, from over 1,455 customer reviews posted anonymously by staff.

10. Sun Pharma Advanced Research Company

Sun Pharma Advanced Research Company's main objective is to innovate in analysis and service. They aim to improve the quality of care relief by employing creative ideas and thinking. In partnership with the University of Michigan, the company worked on R&D to create new drugs in 2020. Sun Pharma Advanced Research Company is assessed at 4.2 from 5, according to 57 reviews. Sun Pharma Advanced Research Company is renowned for its Job Security which is rated highest and awarded the rating of 4.2. However, the growth of career opportunities is rated lowest at 3.8 and can be increased.

11. Syngene International Ltd.

The R&D and manufacturing units of the company provide research and innovation services to the following sectors: animal health, consumer products, pharmaceutical, biotech, specialty chemical companies, and nourishment. Based on 1.1k reviews, Syngene International is rated 3.9 out of 5 stars. Syngene International is well-known for Job Security, which has received an overall average of 4.1. Salary & Benefits, on the other hand, is the lowest scoring at 3.4, and is expected to improve.

12. SIRO Clinpharm

Thane, India is home to Siro Clinpharm's main office. The company's chairman is Dr. Gautam Daftary. Privately held from its 1996 inception, the company operates in the fields of biotechnology and pharmaceutical research and development.

The organisation has set itself the goal of rising to the ranks of the best manufacturers in the country. This firm's eagerness to improve is the sole factor that places it among India's top 10 biotech companies.

13. Shantha Biotech

The main office for Shantha Biotech is in Hyderabad, India. The company is headed by its Chairman, KI Varaprasad Reddy. It has been in business since 1993 and is a private firm focused on biotechnology.

Considering its pioneering status in the field of biotechnology, Shanta now ranks among the most recognisable names in the industry. Customers frequent the establishment because of its convenient location and friendly staff. There are a number of ways in which this organisation stands out from the competition in the diligence space.

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Conclusion

The biotech company list was prepared based on the information collected from various credible sources. It considers all the parameters, including the total number of patent applications, the number of innovation centers, and the total investment received by the company for further expansion. The experts have conducted in-depth market research to prepare a list that could help you easily choose your favorite biotech company. The future looks very bright for biotechnology companies in India, and every year, you will find more and more promising companies emerging from India.
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FAQs

Q: Is there a future for biotech in India?

Ans:

Biotechnology is among India's emerging career fields. Biotechnology includes food science, nutrition, pharmaceutics, healthcare, and forensics. Biotechnology has a broad scope and provides opportunities in both engineering and research.

Q: Is biotechnology a booming business?

Ans:

The biotech market is growing with a 39.6% raise in funding year over year (2020-2021), and some currently popular companies are leading the way. The biotechnology market has also raised investor, worker, and customer expectations.

Q: What does the prospect of biotechnology look like?

Ans:

Automation and data-driven procedures are becoming increasingly integrated into biotechnology, and it is expected that by 2040, they will have significantly improved the predictive ability and reproducibility of research and production results.

Q: Is biotech a legitimate career path?

Ans:

Overall, biotechnology is a wise choice and viable career to pursue because it provides hopefuls with relevant experience and additional pay benefits.

Q: How many biotech firms are there in India?

Ans:

There are approximately 5,000 biotech firms in the industry, with 4,240 start-ups and 760 functioning core biotech enterprises, with the number of new businesses expected to exceed 10,000 by 2024.

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Disclaimer :
The information, product and services provided on this website are provided on an “as is” and “as available” basis without any warranty or representation, express or implied. Khatabook Blogs are meant purely for educational discussion of financial products and services. Khatabook does not make a guarantee that the service will meet your requirements, or that it will be uninterrupted, timely and secure, and that errors, if any, will be corrected. The material and information contained herein is for general information purposes only. Consult a professional before relying on the information to make any legal, financial or business decisions. Use this information strictly at your own risk. Khatabook will not be liable for any false, inaccurate or incomplete information present on the website. Although every effort is made to ensure that the information contained in this website is updated, relevant and accurate, Khatabook makes no guarantees about the completeness, reliability, accuracy, suitability or availability with respect to the website or the information, product, services or related graphics contained on the website for any purpose. Khatabook will not be liable for the website being temporarily unavailable, due to any technical issues or otherwise, beyond its control and for any loss or damage suffered as a result of the use of or access to, or inability to use or access to this website whatsoever.