Almost all of India’s major pharmaceutical companies, including Indoco, have their headquarters in Mumbai.
Furthermore, due to its advantageous location for smooth distribution across the country, many pharmaceutical companies have chosen Maharashtra as a center point. On a larger scale, Maharashtra has always been Mumbai’s industrial and financial hub.
Various industries began operations in the state and expanded significantly as a result of the favorable business environment and government policies.
Among all industries, the pharmaceutical industry has always reaped the greatest benefits from such policies.
Overview of Pharmaceutical companies in Mumbai
Mumbai, the state capital of Maharashtra, is India’s largest and most densely populated city. Maharashtra, the country’s third-largest state, spans 307,690 square kilometers and has a population of 96.9 million people. With its core urbanization, the state’s key industrial clusters are vast, making it the nation’s financial capital.
Petrochemicals, automobiles, pharmaceuticals, financial services, media and entertainment, IT & its Enabled Services (outsourcing), and textiles are among the major industries that exist.
For more than a century, Maharashtra, India’s western state, has served as a focal point for the Indian pharmaceutical industry.
The development of the biopharmaceutical cluster in Maharashtra has occurred in three stages: pre-independence, 1947–1990, and 1991–present.
All of these phases correspond to major events such as India’s independence in 1947 and the 1990 Balance of Payments Crisis.
Today, Maharashtra accounts for 35% of India’s biotech revenue, thanks to the expansion territory of over 70 companies spread across the state.
Leading national companies such as Wockhardt, Nicholas Piramal, and Intas, as well as several large international corporations, have their in-house pharma production bases here.
Furthermore, Mumbai, Maharashtra’s port city, is leading the state’s biopharmaceutical industry, as the State Municipal Corporations focus on fulfilling their responsibility in large urban areas in terms of health and hygiene.
Pharmaceutical sector in Mumbai
While most pharma companies established new facilities elsewhere, they maintained their current manufacturing facilities in Maharashtra due to advantages such as good infrastructure, the availability of skilled labor, and the ease of doing business.
With so many pharmacy graduates graduating from pharmacy schools each year, the state also has an advantage in terms of skilled labor.
Due to the strict regulatory guidelines of the world’s regulatory bodies, this skilled manpower supply is critical to maintaining international manufacturing standards. Outside of the United States, Mumbai has the highest number of US FDA-approved plants, with Maharashtra having the highest number of such plants.
The state’s regulatory infrastructure is of the highest caliber, and the percentage of substandard drugs produced in Maharashtra is negligible when compared to other states.
Maharashtra is also the first state to establish an independent Intelligence Branch with its wing to facilitate and expedite investigations under FDA-enforced acts.
R&D is at the heart of the pharmaceutical industry, and the industry can only thrive if significant investments are made in developing new products for both domestic and international markets. In terms of R&D, Indoco has never ventured outside of Maharashtra, Mumbai.
We began our R&D center in Andheri and later relocated to Rabale in Navi Mumbai, where we now have a world-class R&D center covering 100,000 square feet. More than 300 scientists work at the R&D center to develop new API manufacturing processes as well as finished products.
The pharmaceutical industry’s research activities are now shifting from generic product development to super generics, value-added generics, and biosimilars. Mumbai can attract R&D investments in new research areas and take the necessary steps to capitalize on this opportunity.
Pharmaceutical companies in Mumbai
Here’s is a list of some of the leading pharmaceutical companies in Mumbai;
ACG PHARMAPACK PRIVATE LIMITED
Address: 1001, 10th Floor, Dalamal House Nariman Point Mumbai, Maharashtra, 400021 India
Phone: +91-2222872559
Website: Click here
Year Started: 2004
Incorporated: 2004
AMOLI ORGANICS PRIVATE LIMITED
Address: No. 407, Dalamal House, Jamnalal Bajaj Road, Mumbai, Maharashtra, 400021 India
Phone: +91-2222854716
Website: Click here
Year Started: 1991
Incorporated: 1991
ANUH PHARMA LIMITED
Address: 3-A, Shivsasgar Estate, North Wing Dr. Annie Besant Road, Worli Mumbai, Maharashtra, 400018 India
Phone: +91-2266227575
Website: Click here
Sales: $59.63 million
Sales Growth: 40.72%
Year Started: 1960
Incorporated: 1960
ARCH PHARMALABS LIMITED
Address: 3rd Floor, Titanic Building, Chandivali Farm Road Near HDFC Bank, Andheri (East), Mumbai, Maharashtra, 400072 India
Phone: +91-2242871210
Website: Click here
Year Started: 1993
Incorporated: 1993
BDR PHARMACEUTICALS INTERNATIONAL PRIVATE LIMITED
Address: Engineering Centre, 9th Matthew Road, 6th Floor, Opera House, Mumbai, Maharashtra, 400004 India
Phone: +91-2240560560
Website: Click here
Year Started: 2002
Incorporated: 2002
BENZO CHEM INDUSTRIES PRIVATE LIMITED
Address: 26/28 A, Cawasji Patel Street, Fort, Mumbai, Maharashtra, 400001 India
Phone: +91-2243555888
Website: Click here
Year Started: 1986
Incorporated: 1986
BLISS GVS PHARMA LIMITED
Address: 102, Hyde Park, Saki Vihar Road, Andheri (East), Mumbai, Maharashtra, 400072 India
Phone: +91-2242160000
Website: Click here
Sales Growth: -16.6%
Year Started: 1984
Incorporated: 1984
BLUE CROSS LABORATORIES PRIVATE LIMITED
Address: Peninsula Chambers, Peninsula Corporate Park G.K Marg, Lower Parel (West) Mumbai, Maharashtra, 400013 India
Phone: +91-2224955566
Website: Click here
Year Started: 1980
Incorporated: 1980
BLUE JET HEALTHCARE PRIVATE LIMITED
Address: 34, Empire Building 1st Floor, 146, Mahendra Chambers, Dadabhai Nawroji Road, Fort Mumbai, Maharashtra, 400001 India
Phone: +91-2222075307
Year Started: 1968
Incorporated: 1968
CENTAUR PHARMACEUTICALS PRIVATE LIMITED
Address: Centaur House, Shanti Nagar Vakola, Santacruz (East) Mumbai, Maharashtra, 400055 India
Phone: +91-2266499100
Website: Click here
Year Started: 1980
Incorporated: 1980
CHEMSPEC CHEMICALS LIMITED
Address: Plot No. 3-C, MIDC Taloja, Taluka- Panvel, Dist- Raigad, Navi Mumbai, Maharashtra, 410208 India
Phone: +91-2243443456
Website: Click here
Year Started: 1975
Incorporated: 1975
DSM NUTRITIONAL PRODUCTS INDIA PRIVATE LIMITED
Address: Office 07A-108 WeWork Raheja Platinum Sag Baug Road, Off Andheri-Kurla Road Marol Mumbai, Maharashtra, 400059 India
Phone: +91-2240349101
Website: Click here
Year Started: 2003
Incorporated: 2003
ELDER PHARMACEUTICALS LIMITED
Address: Elder House, Plot No.C-9, Dalia Industrial Estate, Off Veera Desai Road, Mumbai, Maharashtra, 400053 India
Phone: +91-2226730058
Year Started: 1983
Incorporated: 1983
ENCUBE ETHICALS PRIVATE LIMITED
Address: 803 B-Wing, HDIL Kaledonia, Sahar Road, Andheri East, Mumbai, Maharashtra, 400069 India
Phone: +91-2262288000
Year Started: 1995
Incorporated: 1995
GUFIC BIOSCIENCES LIMITED
Address: 1st to 4th Floor, S.M. House, 11 Sahakar Road, Mumbai, Maharashtra, 400057 India
Phone: +91-2267261000
Website: Click here
Sales: $67.32 million
Sales Growth: 28.74%
Year Started: 1984
Incorporated: 1984
HARMAN FINOCHEM LIMITED
Address: 107-A, Vinay Bhavya Complex, 159-A, CST Road, Kalina, Santacruz (East), Mumbai, Maharashtra, 400098 India
Phone: +91-2226528080
Website: Click here
Year Started: 1983
Incorporated: 1983
INDCHEMIE HEALTH SPECIALITIES PRIVATE LIMITED
Address: 510-517, Shah & Nahar Industrial Estate, Dr. E. Moses Road, Worli, Mumbai, Maharashtra, 400018 India
Phone: +91-2224927319
Website: Click here
Year Started: 1986
Incorporated: 1986
INNOVA CAPTAB LIMITED
Address: Office No. 606, Ratan Galaxie-6th Floor, J.N. Road, Plot No. 1, Mulund (West), Mumbai, Maharashtra, 400080 India
Phone: +91-7807808459
Year Started: 2005
Incorporated: 2005
INVENTIA HEALTHCARE LIMITED
Address: Unit 703 and 704, 7th Floor Hubtown Solaris Mumbai, Maharashtra, 400069 India
Phone: +91-2267163000
Website: Click here
Year Started: 1985
Incorporated: 1985
KORES (INDIA) LIMITED
Address: 301/302, Ashford Chambers, Lady Jamshedji Road, Mahim (West), Mumbai, Maharashtra, 400016 India
Phone: +91-2224474527
Year Started: 1936
Incorporated: 1936
MANGALAM DRUGS AND ORGANICS LIMITED
Address: Rupam Building, 3rd Floor, 239, P. D’Mello Road, Near G. P. O Mumbai, Maharashtra, 400001 India
Phone: +91-2222616200
Website: Click here
Sales: $52.45 million
Sales Growth: 34.63%
Year Started: 1972
Incorporated: 1972
MARKSANS PHARMA LIMITED
Address: 11th Floor Grandeur, Off Veera Desai Extension Road, Opp. Gundecha Symphony, Oshiwara, Andheri (W), Mumbai, Maharashtra, 400053 India
Phone: +91-2262638200
Website: Click here
Sales: $188.89 million
Sales Growth: 21.17%
Year Started: 1992
Incorporated: 1992
MEDLEY PHARMACEUTICALS LIMITED
Address: Medley House, D-2, MIDC Area Andheri (East) Mumbai, Maharashtra, 400093 India
Phone: +91-2268757575
Website: Click here
Year Started: 1975
Incorporated: 1975
MERCK SPECIALITIES PRIVATE LIMITED
Address: 8th Floor, Godrej One, Pirojshanagar, Eastern Express Highway, Vikroli East, Mumbai, Maharashtra, 400079, India
Phone: +91-2225186830
Website: Click here
Year Started: 2005
Incorporated: 2005
NEON LABORATORIES LIMITED
Address: 140, Damji Shamji Industrial Complex, Mahakali Caves Road, Andheri (E), Mumbai, Maharashtra, 400093 India
Phone: +91-2226875366
Website: Click here
Year Started: 1982
Incorporated: 1982
NERKA CHEMICALS PRIVATE LIMITED
Address: Plot No 167 Ready Money Terace Dr. Annie Besant Road Mumbai, Maharashtra, 400018 India
Phone: +91-2261233500
Year Started: 1980
Incorporated: 1980
NIRMAL INDUSTRIES PRIVATE LIMITED
Address: 4-A, M.I.A Mumbai, Maharashtra, 301030 India
Phone: +91-2225930324
Website: Click here
Year Started: 1988
Incorporated: 1988
NUTRICIA INTERNATIONAL PRIVATE LIMITED
Address: Office No.1, 3rd Floor, Centrium Gate 1 Phoenix Market City, L B S Road Mumbai, Maharashtra, 400070 India
Phone: +91-2266696740
Website: Click here
Year Started: 2011
Incorporated: 2011
OMNIACTIVE HEALTH TECHNOLOGIES LIMITED
Address: Unit No. T-8B, 5th Floor, Phoenix House, Phoenix Mills Compound, 462, Mumbai, Maharashtra, 400013 India
Phone: +91-2224930006
Website: Click here
Year Started: 2003
Incorporated: 2003
ORTHO CLINICAL DIAGNOSTICS INDIA PRIVATE LIMITED
Address: Unit No. 403, 4th Floor, Leela Business Park Andheri Kurla Road, Andheri (East), Mumbai, Maharashtra, 400059 India
Phone: +91-2267879300
Website: Click here
Year Started: 2015
Incorporated: 2015
PFIZER PRODUCTS INDIA PRIVATE LIMITED
Address: The Capital, 1802 / 1901, Plot No. C-70, G Block, Bandra Kurla Complex, Bandra (East), Mumbai, Maharashtra, 400051 India
Phone: +91-2266932000
Website: Click here
Year Started: 1996
Incorporated: 1996
PUNJAB CHEMICALS AND CROP PROTECTION LIMITED
Address: 5th Floor, 645-646, Oberoi Chambers II, New Link Road, Andheri West, Mumbai, Maharashtra, 400053 India
Phone: +91-2226747900
Year Started: 1975
Incorporated: 1975
RAPTAKOS BRETT AND COMPANY LIMITED
Address: 21 A, Mittal Tower, 210, Nariman Point, Mumbai, Maharashtra, 400021 India
Phone: +91-2240856000
Website: Click here
Year Started: 1930
Incorporated: 1930
RPG LIFE SCIENCES LIMITED
Address: 463, 4th Floor, RPG House Dr. Annie Besant Road, Worli Mumbai, Maharashtra, 400030 India
Phone: +91-2224981650
Website: Click here
Sales: $52.92 million
Sales Growth: 3.86%
Year Started: 2007
Incorporated: 2007
SANOFI HEALTHCARE INDIA PRIVATE LIMITED
Address: Sanofi House, C.T.S-117b, L & T Business Park, Saki Vihar Road, Powai Mumbai, Maharashtra India
Phone: +91-4023234136
Year Started: 1993
Incorporated: 1993
STERLING BIOTECH LIMITED
Address: C-25, Laxmi Towers, A-601, 6th Floor Bandra Kurla Complex, Bandra (East) Mumbai, Maharashtra, 400051 India
Phone: +91-2226541241
Website: Click here
Sales: $52.81 million
Sales Growth: -0.94%
Year Started: 1985
Incorporated: 1985
SUPRIYA LIFESCIENCE LIMITED
Address: 207/208, Udyog Bhavan, Sonawala Road, Goregaon ( East), Mumbai, Maharashtra, 400063 India
Phone: +91-2240332727
Website: Click here
Year Started: 1985
Incorporated: 2008
VITAL LABORATORIES PRIVATE LIMITED
Address: Plot No. 48, 2nd Floor, Western Express Highway (N.H.8) Nr. Hanuman Temple, Vile Parle (E), Mumbai, Maharashtra, 400057 India
Phone: +91-2226104128
Website: Click here
Year Started: 1998
Incorporated: 1998
WANBURY LIMITED
Address: BSEL Tech Park, B Wing, 10th Floor, Sector 30-A, Opp. Vashi Railway Station, Vashi, Navi Mumbai, Maharashtra, 400703 India
Phone: +91-2267942222
Website: Click here
Sales: $53.44 million
Sales Growth: 6.76%
Year Started: 1988
Incorporated: 1988
WATSON PHARMA PRIVATE LIMITED
Address: 12th Floor, Commerz-II, International Business Park, Oberoi Garden City Mumbai, Maharashtra, 400063 India
Phone: +91-9819066931
Year Started: 2005
Incorporated: 2005
Frequently Asked Questions and the perfect Answers
Who founded Mumbai’s small pharmaceutical factory?
Bengal Chemicals and Pharmaceuticals Ltd, founded in 1892 as an individual initiative in a laboratory by the ‘father of Indian chemistry’ Acharya Prafulla Chandra Ray and regarded as the country’s first pharma company, has recorded profits for the first time in more than six decades.
Which pharmaceutical companies in Mumbai are the best?
Top pharmaceutical companies in Mumbai
- GlaxoSmithKline Pharmaceuticals Ltd.
- Bayer
- Sun Pharmaceutical Industries Ltd.
- Johnson & Johnson
- Piramal Healthcare Ltd.
- Novartis
- Abbott Laboratories.
What role does Maharashtra play in the Indian pharmaceutical market?
Maharashtra’s contribution to the Indian pharma market is significant: approximately Rs 19,000 crore out of Rs 59,000 crore.
There are 347 bulk drug units, 693 formulation units, and various manufacturing units in the state.
What is Mumbai’s total pharmaceutical export rate?
Mumbai’s pharmaceutical exports totaled $14.7 billion in 2012-2013, representing an 11% increase, with 55% of exports going to highly regulated Western markets.
Conclusion
The healthcare and pharmaceutical industries in Mumbai have been among the most important defensive pillars in the listed space. The sector has also been a significant source of export revenue for Mumbai.
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