Top pharma companies in Gujarat

Gujarat is a state of immense importance, ranking as the fifth-largest in terms of area and ninth-largest in population. This vibrant state plays a pivotal role in India’s industrial landscape, contributing significantly with 16 per cent of the nation’s total industrial output and 18 per cent of its total investment. Gujarat takes pride in being home to the largest number of pharmaceutical companies in India, boasting over 3,300 pharmaceutical manufacturing units that provide jobs for more than 52,000 individuals. The success of the pharmaceutical sector in Gujarat has led to a remarkable surge in the real estate sector. 

 

In this article, we will delve into the top pharmaceutical companies in Gujarat and how their presence shapes the city’s real estate dynamics.

See also: Top 10 pharma companies in Lucknow

 

Business landscape in Gujarat 

Gujarat boasts a thriving business landscape, unique in its status as the sole state in India with an operational International Financial Service Centre (IFSC), which has attracted a multitude of multinational corporations. Its economic diversity shines through as it hosts major industries, including textiles, pharmaceuticals, chemicals, and automobiles, while also being the global epicentre for diamond cutting and polishing. Gujarat’s infrastructure is equally robust, thanks to the state government’s substantial investments in roads, ports, airports, and power plants, ensuring seamless connectivity through an extensive network of highways, railways, and ports to the rest of India.

Read also: Top companies of Gujarat

 

Top pharmaceutical companies in Gujarat 

 

Dishman Pharmaceuticals & Chemicals

Industry: Quaternary compounds, bulk drugs, specialty chemicals

Company Type: Pharmaceutical

Location: Gujarat – 382220

Founding date: 1983

 

Founded in 1983, Dishman Pharmaceuticals & Chemicals is a leading pharmaceutical company in Gujarat. It specialises in making and selling various chemicals, including quaternary compounds, bulk drugs, phase transfer catalysts, speciality chemicals, and intermediates. It is ISO 9002 certified. The products it offers include Vitamin D2, Vitamin D3, Vitamin D analogues, cholesterol, and lanolin-related products for pharmaceutical, cosmetic, and related markets. Dishman operates globally, with offices in Europe, China, and India.

 

Progressive Life Care

Industry: Manufacturing and  delivery of pharmaceutical products  

Company Type: Pharmaceutical

Location: Gujarat – 382213

Founding date: 2015

 

Progressive Life Care, based in Gujarat, is a reputable pharmaceutical company offering a wide range of over 300 pharmaceutical products and franchise opportunities across India. It manufactures, supplies, and delivers pharmaceutical products, granting exclusive franchise marketing distributorships with monopoly rights. Progressive Life Care is committed to innovation and efficiency in the pharmaceutical industry, introducing new products like Lenic-625, Lenic-375, Moxipil-DC, Cromy-250, Promex-O, and more.

 

Riddhi Siddhi Gluco Biols 

Industry: Marketing and promotion of pharmaceutical products

Company Type: Pharmaceutical

Location: Gujarat – 380058

Founding date: 1990

 

Founded in 1990, Riddhi Siddhi Gluco Biols is a seasoned player in marketing and promoting starch pharmaceutical products. It offers high-quality pharmaceutical formulations and products at competitive rates, along with providing pharma franchise opportunities with monopoly rights. This pharmaceutical company in Gujarat has a rich history marked by innovation and risk-taking.

 

Aan Pharma

Industry: Pharmaceutical production

Company Type: Pharmaceutical

Location: Gujarat – 382721

Founding date: 1994

 

Aan Pharma is an experienced player in pharmaceutical production, with a strong presence in drug and formulation production for several years. The company emphasises quality throughout its operations, adhering to stringent specifications and G.M.P. rules. Aan Pharma manufactures various pharmaceutical formulations, including Cetrizine, Levocetirizine 5mg Tablets, Fluconazole 150mg Tablets, Griseofulvin 250mg Tablets, Terbinafine 200mg Tablets, and more.

 

Aarti Drugs

Industry: Therapeutic groups

Company Type: Pharmaceutical

Location: Gujarat – 396155

Founding date: 1984

 

Established in 1984, Aarti Drugs is a prominent pharmaceutical company in Gujarat. It specialises in therapeutic groups such as anti-diarrhea, anti-inflammatory, and more. Aarti Drugs uses modern technology and advanced facilities for drug and medicine manufacturing. The company maintains a strong presence in various pharmaceutical segments, producing products like anti-arthritis, ACE inhibitors, anti-fungal, vitamins, antibiotics, anti-diabetic, anticholinergic, sedatives, and antidepressant drugs.  

 

Abaris Healthcare

Industry: Pharmaceutical production

Company Type: Pharmaceutical

Location: Gujarat – 380006

Founding date: 2005

 

Abaris Healthcare aims to address healthcare needs by manufacturing various formulations, including analgesics, anti-bacterial, and sterile parenteral preparations. Established in 2005, quality is its top priority, and manufacturing takes place in a sterile environment using Form-Fill-Seal Technology to ensure no human touch. Abaris adheres to WHO-GMP norms and conducts systematic quality checks, offering products like Nutrient, Fluid replenisher, Corflam, Kaff-DS Suspension, and more.

 

Abhilasha Pharma

Industry: Pharmaceutical manufacturing and supplies

Company Type: Pharmaceutical 

Location: Gujarat – 393002

Founding date: 2006

 

Abhilasha Pharma has gained recognition as a quality manufacturer and supplier of active pharmaceutical ingredients and was established in 2006. With a cGMP-certified manufacturing plant, it meets international quality standards. Abhilasha Pharma offers a diverse range of active pharmaceutical ingredients used in antidiabetic, anti-inflammatory, cardiovascular, antihistaminic, and other medicines.

 

Accent Microcell Industries

Industry:  Pharmaceutical manufacturing

Company Type: Pharmaceutical

Location: Gujarat – 380015

Founding date: 2001

 

Founded in 2001, Accent Microcell is a prestigious name in the pharmaceutical industry. Known for its expertise in manufacturing excipients and derivative products, it focuses on delivering top-quality products like Micro Crystalline Cellulose, Cross Carmellose Sodium, and more.

 

Accura Micro-Tech Corporation

Industry: Pharma franchise service

Company Type: Pharmaceutical

Location: Gujarat – 360001

Founding date: 2003

 

Accura Micro-Tech Corporation is a reputed company in India offering customised solutions with a cost-effective product range. It provides pharma franchise services with monopoly rights at cost-effective rates and maintains strict quality control. Its diverse pharma formulations include tablets, capsules, softgels, injections, pharmaceutical powders, and more.

 

Accurate Pharmaceuticals

Industry: In-house instrumental analysis

Company Type: Pharmaceutical

Location: Gujarat – 389340

Founding date: 2001

 

Established in 2001, Accurate Pharmaceuticals is another top pharmaceutical company in Gujarat. It focuses on research and global collaborations, maintaining in-house instrumental analysis, wet analysis, and microbiological testing laboratories. The company’s wide range of products includes over 200 formulations marketed in India and products under contract manufacturing agreements with various pharmaceutical companies. Its state-of-the-art plant is located in Vejalpur, Gujarat.

 

Sun Pharmaceutical Industries

Industry: Pharmaceutical Production 

Company Type: Pharmaceutical

Location: Vadodara, Gujarat – 390020

Founding date: 1983

 

Sun Pharmaceutical Industries Ltd. (Sun Pharma) is the fourth largest specialty generic pharmaceutical company in the world with global revenues of over US$ 5.1 billion. Supported by more than 40 manufacturing facilities, they provide high-quality, affordable medicines, trusted by healthcare professionals and patients, to more than 100 countries across the globe. Their product portfolio includes generics, branded generics, speciality, difficult-to-make technology intensive products, over-the-counter (OTC), anti-retrovirals (ARVs), Active Pharmaceutical Ingredients (APIs) and intermediates.

 

Lupin Pharma

Industry: Pharmaceutical Production 

Company Type: Pharmaceutical

Location: Dabhasa, Gujarat – 391440

Founding date: 1968

 

Lupin is an Indian multinational pharmaceutical company based in Mumbai. It is one of the largest generic pharmaceutical companies by revenue globally. The company’s key focus areas include paediatrics, cardiovascular, anti-infectives, diabetology, asthma and anti-tuberculosis. Its businesses include formulations, Active Pharmaceutical Ingredients (API), drug delivery systems and biotechnology. Lupin’s total revenue stood at Rs. 162,700 million (US$ 1.97 billion) in FY23.

 

Zydus Lifesciences 

Industry: Pharmaceutical Production 

Company Type: Pharmaceutical

Location: Vadodara, Gujarat – 391440

Founding date: 1952

 

Zydus Lifesciences formerly known as Cadila Healthcare, a leading Indian Pharmaceutical company is a fully integrated, global healthcare provider. With in-depth domain expertise in the field of healthcare, it has strong capabilities across the spectrum of the pharmaceutical value chain. From formulations to active pharmaceutical ingredients, Zydus has earned a reputation amongst Indian pharmaceutical companies for providing comprehensive and complete healthcare solutions. 

 

Commercial real estate demand in Gujarat 

Office space: The demand for Grade A office spaces has surged notably. This growth can be attributed to several factors, including the recent entry of pharmaceutical giants, the expansion of various industries, and a growing appetite from the IT sector and flexible office space providers.

 

Rental property: Gujarat’s rental market has also been on a steady upward trajectory, underpinned by the state’s robust economic performance and its diverse, thriving population. Prospective tenants find themselves with a wide array of choices, ranging from apartments and houses to various commercial spaces.

 

Impact: These developments in Gujarat’s commercial real estate sector are not isolated but rather intertwined with contemporary trends and evolving market dynamics. Among these shifts, there is a noticeable change in demand for specific office space configurations. Flexible office solutions and mixed-use developments are gaining prominence, mirroring the evolving work patterns and preferences of today’s workforce.

 

Impact of pharmaceutical companies on Gujarat 

The pharmaceutical industry’s dominant presence in Gujarat, contributing to over 33% (Source: investindia.gov.in) of India’s pharmaceutical sales and 28% of exports, has left an indelible mark on the local real estate landscape. With employees returning to offices in full force, there’s a resurging demand for Grade A office spaces, strategically located and professionally managed, drawing investors back to the commercial segment. Simultaneously, co-working and managed office spaces have emerged as the fastest-growing asset class within the conventional office space sector across Gujarat’s cities, adapting to the evolving needs of businesses, particularly in the pharmaceutical sector, and shaping the state’s real estate market to meet modern demands efficiently.

 

FAQs

How has the pharmaceutical industry impacted Gujarat's real estate?

The pharmaceutical industry has spurred demand for Grade A office spaces and fueled the rise of co-working spaces, revitalising Gujarat's real estate sector.

Why is Gujarat a global pharmaceutical hub?

Gujarat's global pharmaceutical prominence stems from its contribution of 33% of India's pharmaceutical sales and 28% of exports, solidifying its position as a key player on the world stage.

What's the current demand for office spaces in Gujarat?

The current demand for office spaces in Gujarat is on the rise, particularly for well-located and professionally managed Grade A office spaces, driven by the return of employees to workplaces. What's the fastest-growing asset class in Gujarat's real estate? Co-working and managed office spaces represent the fastest-growing asset class in Gujarat's real estate, adapting to the evolving needs of modern businesses.

What's the fastest-growing asset class in Gujarat's real estate?

Co-working and managed office spaces represent the fastest-growing asset class in Gujarat's real estate, adapting to the evolving needs of modern businesses.

How does the pharmaceutical industry affect investor interest in Gujarat's real estate?

The pharmaceutical industry's prominence in Gujarat has rekindled investor interest in the commercial real estate segment, with investors seeking prime properties for business expansion.

How is Gujarat's real estate adapting to modern business needs?

Gujarat's real estate market is evolving to meet modern business needs by offering innovative office space solutions, particularly in response to the dynamic demands of the pharmaceutical industry and the changing preferences of businesses.

How many pharmaceutical companies operate in Gujarat?

Which city in Gujarat is known for its safety?

Of the four major cities in the state with populations exceeding 10 lakh, Surat is often considered the safest, primarily due to its low crime rates and comprehensive safety measures.

Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at Jhumur Ghosh