India is home to a dynamic and fast-growing healthcare industry. Whether they operate in cutting-edge pharmaceuticals or make revolutionary medical devices, these companies push the boundaries of healthcare from right here in India. Here are some of the country’s top firms to know.
Top Healthcare Companies in India
- Pfizer
- AstraZeneca
- UnitedHealth Group
- Abbott
- Sun Pharmaceuticals
- Dr. Reddy’s Laboratories
- Fortis Healthcare
- AsterDM Healthcare
- HealthKart
- Lupin
20 Top Healthcare Companies In India
Multinational pharmaceutical giant Pfizer develops medicine for areas like oncology, cardiology, immunology and neurology. Some of its most well-known products include antidepressant Zoloft and Covid-19 treatment Paxlovid, as well as its Covid-19 vaccine, which was the first in the world to receive FDA authorization. Pfizer operates three manufacturing plants, two R&D centers and six regional corporate offices across India, employing more than 5,500 workers, according to the company.
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AstraZeneca is one of the largest pharmaceutical companies in the world, developing medical treatments across oncology, cardiovascular, immunology and other therapy areas. The British company has offices all around the globe, including a regional headquarters in Bangalore, where employees handle the India-related manufacturing, sales and marketing activities.
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Apollo Hospitals is a multinational healthcare group headquartered in Chennai. With more than 70 hospitals throughout India, it operates one of the largest private healthcare networks in the country. The company also oversees thousands of pharmacies, primary care and diagnostic centers, telehealth clinics and digital healthcare services through its subsidiaries.
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UnitedHealth Group is among the largest healthcare companies in the world, earning more than $370 billion in revenue in 2023. UnitedHealthcare is the company’s health insurance arm and Optum is its digital healthcare arm, enabling users to locate nearby doctors, attend virtual therapy appointments, fill prescriptions and more. While UnitedHealth Group is headquartered in India, both UnitedHealthcare and Optum are prominent fixtures in India’s healthcare industry, operating offices in Mumbai, Hyderabad, Bangalore, Chennai and Noida.
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Manipal Hospitals is the second-largest hospital chain in India, according to its website, operating more than 33 multi-speciality locations in more than a dozen cities. In 2023, the Bangalore-based company acquired a majority stake in Kolkata-based hospital chain AMRI Hospitals, with the goal of ramping up its presence in eastern India. Its facilities specialize in areas like bariatric surgery, clinical psychology, fertility and infectious diseases.
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Pharmaceutical company Cipla mainly develops medication to treat respiratory diseases, cardiovascular diseases, arthritis, depression and diabetes. With more than 45 manufacturing locations around the world, it is the third-largest drug producer in India. The company also has a presence in more than a dozen other countries, from the United States to Uganda, but its main corporate headquarters is in Mumbai.
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Abbott offers a range of healthcare services, including diagnostics, nutrition, generic medicines and medical devices. The company was named for its U.S. headquarters in Abbott Park, Illinois, but it also has a large presence in Mumbai. In addition to its product development, manufacturing, sales and customer service teams, Abbott’s India office has in-house development and medical teams, which undertake product and clinical development tailored to meet the unique demands of the Indian market, according to its website.
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Sun Pharmaceutical is reportedly India’s largest drug maker by revenue. The Mumbai-based company manufactures and markets generic and specialty medicines that target a wide variety of chronic and acute conditions, specifically in areas like dermatology, psychiatry, ophthalmology and oncology. It also makes several over-the-counter and consumer products like sore throat treatments and vitamins. Sun Pharmaceutical is also popular outside of India, with the majority of its sales made in markets like the United States.
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Omega Healthcare offers technology designed to help providers, payers, pharma companies and clinical research organizations alike operate more efficiently, reduce costs and increase revenue. Some of its solutions include remote patient monitoring, benefit verification for claimants and intelligent automation-enabled administrative services. In addition to its headquarters in Bangalore, Omega Healthcare also has offices in Florida and the Philippines.
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Dr. Reddy’s Laboratories is a multinational pharmaceutical company based in Hyderabad. Specializing in areas like diabetology, gastro-enterology and dermatology, the company makes active pharmaceutical ingredients, generics, branded generics, biosimilars and over-the-counter drugs for more than half a billion people around the world, according to its website. While most of Dr. Reddy’s 25,000-person team is located in India, the company has expanded its operations to markets like Russia, the Middle East, Europe and the United States, where it is listed on the New York Stock Exchange.
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With a network of 28 healthcare facilities and more than 400 diagnostic centers, Fortis Healthcare is present throughout India, as well as the United Arab Emirates, Nepal and Sri Lanka. The Fortis Memorial Research Institute in Gurgaon serves as the company’s headquarters and flagship hospital, which has been recognized for its use of artificial intelligence and other advanced technology to optimize its practices.
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Aster DM Healthcare is an international hospital conglomerate, managing hundreds of hospitals, clinics and pharmacies throughout India and the United Arab Emirates. It also operates various subsidiaries, including Aster Pharmacy, its diagnostic branch Aster Labs, its flagship hospital Aster Medcity and Dr. Moopen’s Medical College, a nursing and pharmacy school named after the company’s founder Azad Moopen. Aster DM Healthcare is headquartered in Dubai but it is registered in Bangalore. Most of its India presence is in the southern region of the country, especially Kerala, and it plans to expand into the north following the $1 billion sale of its Gulf business in late 2023.
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Headquartered in Delhi, Mankind Pharma operates 25 factories and six R&D centers throughout India, with the focus on providing residents with affordable medication. Its prescriptions and over-the-counter products range from antibiotics to gastrointestinal treatments, and some of its top-selling brands include Prega News pregnancy test kits, Unwanted-72 emergency contraception and Manforce condoms. In 2022 the company also entered into the pet care and agritech segments before its major IPO in 2023. Mankind Pharma derives 97 percent of its operating revenue from the Indian market, making it the fourth-largest pharmaceutical company in the country by domestic sales.
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Zydus Lifesciences, formerly known as Cadila Healthcare, is an Indian multinational pharmaceutical company primarily involved in the manufacturing of generic drugs and over-the-counter herbal remedies and lotions. The company’s corporate headquarters is in Ahmedabad and it makes active pharmaceutical ingredients at its plants in Ankleshwar, Vadodara and Ahmedabad.
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HealthKart is an online marketplace for all things health and wellness, from protein powder to collagen supplements. It has also incubated several of its own in-house nutrition brands. Between its corporate headquarters in Gurgaon and its hundreds of brick-and-mortar stores, the company employs about 1,000 people throughout India.
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Max Healthcare is one of India’s largest healthcare organizations. The hospital chain started with its first medical center in South Delhi’s Panchsheel Park in 2000, and now manages 17 facilities, boasting a network of nearly 5,000 clinicians across Delhi, Mhali, Bathinda, Dehradun and Mumbai. Its specialties include cancer care, transplant medicine and robotic surgery. In addition to its facilities, Max Healthcare also operates a homecare business called Max@Home and a pathology business called Max Labs.
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Lupin is a multinational pharmaceutical company headquartered in Mumbai. As one of the largest drug-makers in the country, its key focus areas include pediatrics, anti-infectives, asthma and tuberculosis treatments. From its seven R&D facilities, Lupin handles the entire pharma product chain, from biotechnology research to intellectual property management. All told, the company’s drugs reach more than 100 countries, covering prominent markets like Europe, the United States and Japan, as well as emerging markets like the Philippines and South America.
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Bangalore-based Narayana Health operates a network of 22 hospitals and three heart centers across several major cities in India, including Delhi, Jaipur and Kolkata, treating more than 4 million patients every year, according to its website. The company’s medical specialities include orthopedics, urology, spine surgery and family medicine.
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Wockhardt is a Mumbai-based pharmaceutical and biotechnology company that produces formulations, biopharmaceuticals, vaccines, nutrition products and active pharmaceutical ingredients. Besides India, the company has manufacturing plants in the UK, Ireland, France and the United States, as well as subsidiaries in each region.
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Divi’s Laboratories is one of the largest manufacturers of generic active pharmaceuticals in the world, servicing six of the top ten Big Pharma companies, according to its website. It also manufactures and supplies nutraceutical ingredients through its subsidiary, Divi’s Nutraceuticals. With three R&D centers and another three manufacturing facilities, the Hyderabad-based company exports thousands of tons of medications to more than 100 countries a year.
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