5 Indian Firms Among World's Most Innovative Companies

5 Sun Pharmaceutical Industries

Industry: Pharmaceuticals

Chief Executive Officer: S Kalyanasundaram

Sun Pharmaceutical Industries, which got placed on the Forbes’ list of ‘World’s Most Innovative Companies’ at the 38^th position, is an international specialty pharmaceutical company. Sun Pharmaceuticals manufactures and markets pharmaceutical formulations as branded generics, as well as generics in India, the United States and several other markets across the world.

The Company's whole business is divided into four segments: Indian Branded Generics, U.S. Generics, International Branded Generics (ROW) and Active Pharmaceutical Ingredients (API). Its brands are prescribed in chronic therapy areas such as cardiology, psychiatry, neurology, gastroenterology, diabetology and respiratory.

The company makes specialty Active Pharmaceutical Ingredients (APIs), including peptides, steroids, hormones and anticancers. APIs and Dosage forms are made at 20 plants across India, Israel, the United States, Canada, Hungary, Brazil, Mexico and Bangladesh. Active Pharmaceutical Ingredients products include Acamprosate Calcium, Alendronate Sodium, Amifostine trihydrate, Budensonide and Carvedilol. In September 2010, it made an acquisition of Taro Pharmaceutical Industries.