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In 2004–5, the Indian biotech industry saw its revenues grow 37% to $1.1 billion. The Indian biotech market is dominated by biopharmaceuticals; 76% of 2004–5 revenues came from biopharmaceuticals, which saw 30% growth last year. Of the revenues from biopharmaceuticals, vaccines led the way, comprising 47% of sales.
The first Indian biotechnology company to be established was Biocon, which was founded by Kiran Mazumdar-Shaw in 1978. [3] The Indian biotechnology industry formally began in 1986 with the establishment of the Department of Biotechnology (DBT) by the Ministry of Science and Technology. [4]
Tripadvisor, Inc. is an American company that operates online travel agencies, comparison shopping websites, and mobile apps with user-generated content. [1]Its namesake brand, Tripadvisor.com, operates in 40 countries and 20 languages, and features approximately 1 billion reviews and opinions on roughly 8 million establishments. [1]
Lupin Limited is an Indian multinational pharmaceutical company based in Mumbai. It is one of the largest generic pharmaceutical companies by revenue globally. [ 10 ] The company's key focus areas include paediatrics , cardiovascular , anti-infectives , diabetology , asthma and anti-tuberculosis .
Torrent Pharmaceuticals was established in 1959 by U. N. Mehta as Trinity Laboratories. It was renamed as Torrent Pharmaceuticals in 1971. [5]In 1997, Torrent Pharma and Sanofi established a 50:50 joint venture called Sanofi Torrent for selling Torrent Pharma's products. [6]
Concord Biotech was founded in 2000 by Sudhir Vaid, a former director at Ranbaxy Laboratories. [4] It was the first company in India and the second in the world to develop an anti-immuno suppressant tacrolimus. [7] In 2004, Rakesh Jhunjhunwala acquired around 14% stake in the company.
Rossari Biotech is an Indian chemical manufacturing company with a focus on specialty chemicals. [4] It is also engaged in production of specialty enzymes and chemicals in India that is used in the pharmaceuticals , paper , construction , textiles , nutrition and animal health industries. [ 5 ]
It has gear manufacturing facility in Mysore. It is engaged in manufacturing high-speed gears and gearboxes of up to 70MW capacity with speeds of 70,000 RPM. [20] The company also sells refined sugar (40 per cent) and produces pharma grade sugar, which it sells mainly through institutional buyers, like soft drinks, candy and ice-cream makers. [14]