Even before the pandemic, drug manufacturing was indeed an important industry in the country. The expansion of the Indian domestic pharmaceutical market surpassed that of the entire economy by 2 to 3 percent every year. The pharmaceutical business in India has enormous untapped potential.
India’s goals for self-sufficiency have been most visible in the pharmaceutical industry. And biomedical engineers from around the country are making significant contributions towards this objective.
Today, we look at some of the top core companies offering opportunities for Biomedical Engineers in India.
Top Core Companies for Biomedical Engineers in India
The following are the Top Core Companies for Biomedical Engineers in India:
1. Serum Institute Of India
Serum Institute of India (SII) is a biotechnology and biopharmaceuticals company based in India. Cyrus Poonawalla established it, and it is a subsidiary of the Cyrus Poonawalla Group.
It is the world’s largest vaccine producer. The organisation has collaborated with AstraZeneca, a British-Swedish multinational pharmaceutical corporation that developed ‘Covishield’ in association with the University of Oxford.
2. Panacea Biotec Ltd.
Panacea Biotec is an Indian multinational manufacturer of generic and specialty pharmaceuticals as well as vaccines. It is one of India’s 3 key biotechnology enterprises.
The Russian Direct Investment Fund (RDIF) partnered with Panacea Biotec to manufacture the ‘Sputnik V’ Covid-19 vaccine in India. The business grew over time to emerge as one of India’s top vaccine producers.
Medtronic plc is a medical device company based in the United States. Earl Bakken and his brother-in-law, Palmer Hermundslie, established Medtronic in Minneapolis as a medical devices repair business.
Medtronic was named the world’s largest medical equipment company in May 2018. While it is predominantly operating in the United States, it is functional in over 150 nations.
4. Biocon Ltd.
Biocon Limited is a biopharmaceutical business based in India. Kiran Mazumdar-Shaw established it. The company produces generic active pharmaceutical ingredients (APIs), which are distributed in over 120 countries worldwide.
In 1979, it became the first Indian business to produce and sell enzymes to the American and European markets.
5. Shantha Biotech
Shantha Biotechnics Limited is a biotechnology corporation based in India. Shantha Biotechnics, Ltd. was founded by Dr. K. I. Varaprasad Reddy and Khalil Ahmed. The organisation is wholly owned by the Sanofi group.
It is India’s maiden enterprise to design, produce, and sell recombinant human healthcare solutions.
6. Indian Immunologicals
The National Dairy Development Board owns Indian Immunologicals Limited (IIL). It is well-known for creating veterinary and human vaccinations for foot-and-mouth disease, rabies, and bacterial vaccinations, among other things.
IIL is a significant provider of DPT, TT, and Hepatitis B vaccinations to India’s massive Universal Immunisation Program. In India, IIL has 3 vaccine production plants.
7. Johnson & Johnson
Johnson & Johnson (J&J) is a multinational corporation based in the United States that manufactures medical equipment, medicines, and consumer packaged products. In 1886, Robert Wood Johnson partnered with his brothers, James Wood Johnson and Edward Mead Johnson, to develop a range of ready-to-use sterile surgical dressings. They established Johnson & Johnson.
It is placed No. 36 on the 2021 Fortune 500 list of the top companies in the United States by overall revenue. The corporation has around 250 subsidiary companies operating in 60 nations and selling products across over 175 nations.
8. Dr. Reddy’s Laboratories Limited
Dr. Reddy’s Laboratories is a multinational pharmaceutical company based in India. The organisation was founded by Kallam Anji Reddy. Dr. Reddy’s started off by producing active pharmaceutical ingredients. Within just one year, Reddy’s became the very first Indian business to export pharmaceutical active ingredients to Europe.
The company manufactures around 190 drugs and 60 active pharmaceutical ingredients (APIs) for drug manufacturing, diagnostic devices, intensive care, and biotechnology.
We hope this article has helped you identify the top core companies for Biomedical Engineers in India. Feel free to reach out to us, if you have any questions or suggestions.