Cipla Limited is a leading global pharmaceutical company headquartered in Mumbai, India, with a legacy spanning 90 years. Founded in 1935 by Dr. K.A. Hamied, Cipla has become synonymous with its core philosophy of “Caring for Life.” Over the decades, it has transformed from a domestic drug manufacturer into a multinational healthcare organization, serving patients across 74 countries and offering more than 1,500 products in 50+ dosage forms through 46 global manufacturing facilities.
Cipla Profile
Cipla ranks as the third-largest pharmaceutical company in India, the second-largest in the South African prescription market, and among the top exporters to emerging markets and Europe. In the United States, Cipla is the fourth-largest by prescription share in generic inhalation products. These rankings underscore its strong international footprint and performance across diverse healthcare markets.
Guided by the motto “Caring for Life,” Cipla’s purpose extends beyond profit. It is deeply committed to making affordable, high-quality medicines accessible to patients globally. The company has been a trailblazer in advancing public health — most notably by offering triple antiretroviral therapy for HIV/AIDS at less than $1 per day in 2001, a landmark achievement that redefined access to critical medicines in Africa.
Therapeutic Portfolio and Capabilities
Cipla’s product lineup spans several therapeutic areas:
- Respiratory
- Cardiology
- Urology
- Anti-infectives
- Central Nervous System (CNS)
- Anti-retrovirals
- Oncology
- Obesity and metabolic disorders
The company integrates advanced data science, AI technologies, and digital health platforms into its R&D strategy. Its innovation engine supports a robust pipeline of complex generics, peptides, injectables, biosimilars, CAR-T therapies, and mRNA-based platforms, reinforcing its position at the cutting edge of medical science.
Operations, Workforce, and Global Footprint
Cipla operates with a workforce of over 30,000 employees across 18 countries and six continents, supported by:
- 46 global manufacturing facilities
- 1,700+ R&D scientists
- A distribution network reaching across regulated and emerging markets
Its comprehensive setup allows Cipla to deliver scale, compliance, and speed, ensuring availability of medicines even in remote corners of the world.
Innovation and Quality at the Core
In FY 2024–25, Cipla recorded its highest-ever EBITDA margin of 25.9%, and continued to improve operational resilience through automation, AI-powered quality systems, and advanced supply chain management. Cipla is certified as a “Great Place To Work” for the 7th consecutive year, further highlighting its inclusive and forward-thinking workplace culture.
Cipla’s Business Segments and Revenue Breakup (%)
Cipla Limited structures its operations into strategic business segments to enhance market focus, operational efficiency, and global competitiveness. Each business vertical contributes meaningfully to Cipla’s consolidated revenue, with emphasis on branded prescription drugs, trade generics, consumer healthcare, and API manufacturing.
1. One-India Business
This segment includes:
- Branded Prescription Business
- Trade Generics
- Cipla Health Limited (CHL) – Consumer Healthcare
Revenue Contribution: 42%
Cipla’s domestic India business has crossed the ₹11,000 crore mark, powered by growth in respiratory, cardiac, urology, and CNS therapies. The company leads the respiratory segment with a 25% market share overall and a 70% share in its covered market (inhalation and nebulisation).
Key highlights:
- 26 brands generated over ₹100 crore in revenue
- 23 brands among the top 300 brands in India
- Largest Trade Generics business in India with 7 brands crossing ₹50 crore
- CHL brands such as Nicotex, Omnigel, Prolyte, Cofsils, and Cipladine dominate wellness categories.
2. North America Business
Revenue Contribution: 29%
The North America business achieved an all-time high revenue of USD 934 million, driven by a strong performance in:
- Complex generics
- Peptides
- Respiratory portfolio (gSymbicort, gQvar, etc.)
Key highlights:
- Filing of 6 respiratory assets and 9 peptide assets
- Upcoming launches projected for FY 2025–26 to FY 2027–28
- ANDA/NDA approvals for Lanreotide, Nilotinib, and Nano-Paclitaxel
3. One Africa Region
Includes: South Africa, Sub-Saharan Africa, North Africa, Cipla Global Access
Revenue Contribution: 14%
South Africa is now the second-largest player in the prescription market. Cipla’s private market business continues to grow at 1.3x the market rate.
Key highlights:
- 18 new brands launched across key therapies
- Market leadership in Respiratory and CNS
- 77% share in South Africa’s private market
4. Emerging Markets and Europe
Includes operations in Sri Lanka, Nepal, UAE, Europe, and other high-potential regions.
Revenue Contribution: 12%
- 15% YoY growth in USD terms
- Strategic focus on oncology and respiratory launches
- Ranked #3 in Sri Lanka and #9 in Nepal
5. API Business (Active Pharmaceutical Ingredients)
Revenue Contribution: 2%
The API segment remains an integral part of Cipla’s value chain and supports in-house formulation requirements. Cipla is also a preferred API supplier for global clients, especially for antiretrovirals, respiratory, and CNS APIs.
Summary of Revenue Contribution by Segment (%)
Business Segment | Revenue Contribution (%) |
---|---|
One-India (Rx, Generics, CHL) | 42% |
North America | 29% |
One Africa | 14% |
Emerging Markets & Europe | 12% |
API | 2% |
These segmented operations provide Cipla a strategic advantage in building therapeutic leadership across geographies while maintaining high levels of efficiency and market responsiveness.
Cipla’s Products and Services: Portfolio, Categories, and Revenue Contribution
Cipla Limited’s product and service offerings span the full spectrum of modern medicine. With a focus on affordable, accessible, and high-quality healthcare solutions, Cipla delivers across both acute and chronic therapeutic segments, catering to the evolving needs of patients and healthcare professionals worldwide.
Therapeutic Areas
Cipla’s expansive pharmaceutical portfolio includes over 1,500 products across 50+ dosage forms. These are strategically focused in the following therapeutic categories:
Therapeutic Area | Key Focus Areas / Products |
---|---|
Respiratory | Inhalers, nebulisers, DPI, MDI, CipAir®, Spirofy®, Foracort®, Budecort®, Duolin® |
Cardiology | Hypertension, heart failure, lipid-lowering agents |
Urology | Enlarged prostate, urinary tract disorders, Urimax® |
Anti-infectives | Antibiotics, antifungals, anti-malarials, antimicrobial resistance portfolio |
CNS (Neuroscience) | Anti-epileptics (Frisium®), Parkinson’s disease, ADHD, depression |
Oncology | Nilotinib, Lenalidomide, Paclitaxel injection, supportive care |
Anti-retrovirals | HIV/AIDS therapies – triple-drug combo for <$1/day |
Obesity | GLP-1 agonists, nutraceuticals for weight management |
Dermatology | Antiseptic creams, anti-inflammatory products |
Diabetology | Afrezza® inhaled insulin, CipA1cDuo® for HbA1c + Glucose testing |
Product Platforms and Innovations
Cipla’s product offering is powered by advanced platforms and integrated healthcare solutions including:
- Respiratory Devices: Ciphaler®, Synchrobreathe®, CipAir® AI app, Spirofy® spirometer
- Digital Tools: Breathefree Lung Health App, gamified adherence modules
- Point-of-Care Devices: CipA1cDuo® (HbA1c + Blood Glucose handheld diagnostic)
- Complex Generics: Nano-Paclitaxel, Lanreotide, peptide injectables
- mRNA Platforms: In partnership with Ethris for LMICs
- Biosimilars & Cell Therapies: CAR-T, gene therapy, stem cell platforms (under Horizon 2 and Horizon 3)
Consumer Health Products (Cipla Health Limited)
Cipla’s consumer wellness portfolio under Cipla Health Limited (CHL) is among the most diversified and fastest-growing in India. Several flagship brands rank #1 or #2 in their respective categories.
Brand | Category | Market Position (India) |
---|---|---|
Nicotex® | Nicotine Replacement Therapy | #1 |
Omnigel® | Pain Recovery | #1 |
Cipladine® | Antiseptic Creams | #1 |
Cofsils® | Cough & Cold | Top Tier |
Prolyte® | Oral Rehydration Salts | Top Tier |
Astaberry | Skin & Hair (New Acquisition) | Expanding |
CHL continues to expand through both organic launches and strategic acquisitions like Astaberry, Ikin, Bhimsaini, strengthening presence in Tier 2+ towns.
New Launches in FY 2024–25
- India: 19 new generics and 26 prescription brands crossed ₹100 crore
- North America: Lanreotide (ANDA), Nilotinib (NDA), Nano-Paclitaxel (ANDA)
- Europe and Emerging Markets: Fluticasone Salmeterol DPI, Tiotropium DPI, Budesonide Formoterol HFA
Revenue Contribution by Therapy/Segment (India + Global)
While Cipla does not break out exact revenue per product, therapeutic revenue contributions (estimated) based on focus and performance are:
Therapeutic Segment | Estimated Revenue Contribution (%) |
---|---|
Respiratory | ~25% |
Cardiology + Urology | ~15% |
Anti-infectives | ~12% |
CNS (incl. epilepsy) | ~10% |
Anti-retroviral | ~8% |
Oncology | ~5% |
Consumer Health (CHL) | ~15% |
Other Therapies | ~10% |
Innovation Pipeline
Cipla is targeting 50+ filings and 80+ launches over the next 5 years across:
- Respiratory
- CNS
- Obesity
- Oncology
- Wellness segments
This wide-ranging and innovation-driven portfolio is key to Cipla’s strategy to transform into a global innovation-led pharmaceutical leader while maintaining affordability.
A Comprehensive History of Cipla Limited: 90 Years of “Caring for Life”
Founded in 1935, Cipla Limited stands as one of India’s most enduring pharmaceutical pioneers. The company’s remarkable journey is deeply rooted in its humanitarian mission — delivering affordable healthcare solutions and ensuring access to life-saving medicines for all. Its story reflects innovation, resilience, and a relentless focus on patient well-being.
1935: The Beginning
Cipla was established on 17th August 1935 by Dr. Khwaja Abdul Hamied as the Chemical, Industrial & Pharmaceutical Laboratories Ltd. in Mumbai. A visionary scientist and nationalist, Dr. Hamied aimed to make India self-sufficient in pharmaceuticals at a time when the country relied heavily on imported medicines.
1939: Gandhian Inspiration
Mahatma Gandhi’s visit to Cipla in July 1939 played a pivotal role in shaping the company’s ethos. Encouraged by Gandhiji, Dr. Hamied committed to producing essential medicines indigenously, laying the foundation for India’s self-reliance in healthcare.
1960s–1970s: Strengthening R&D and Manufacturing
- Dr. Y.K. Hamied, the founder’s son, joined Cipla’s R&D division in the 1960s after completing his PhD in Organic Chemistry from Cambridge.
- Under his leadership, Cipla began indigenous production of over 30 APIs, marking a turning point in India’s pharma independence.
- The company launched its first indigenous inhaler, revolutionizing asthma and COPD treatment.
1985: US FDA Recognition
As Cipla turned 50, it became one of the first Indian pharma companies to receive US FDA approval for all three of its bulk drug manufacturing facilities in Patalganga, Bangalore, and Vikhroli.
1997: Palliative Care Leadership
Cipla established the Cipla Palliative Care & Training Centre in Pune to provide free, holistic care to terminally ill patients and their families, reinforcing its deep humanitarian focus.
2001: A Global Milestone in HIV/AIDS Treatment
Cipla made global headlines by offering the world’s first triple-drug fixed dose combination for HIV/AIDS at less than $1-a-day, in collaboration with Doctors Without Borders. This game-changing move helped democratize access to antiretroviral therapy in Africa and beyond.
2013–2016: Global Expansion via Strategic Acquisitions
Cipla expanded its footprint across Africa and the United States:
- Acquired Medpro in South Africa to consolidate its leadership in the African pharma market.
- Entered the U.S. market through the acquisitions of InvaGen and Exelan, enabling access to local government and institutional segments.
2020: Response to the COVID-19 Pandemic
During the COVID-19 outbreak, Cipla played a critical role by:
- Launching diagnostic kits
- Facilitating access to critical care drugs like Remdesivir
- Delivering complete care protocols from diagnosis to treatment
Today: A Global Pharma Powerhouse
As of FY 2024–25, Cipla is:
- Among the top two pharmaceutical companies in India by number of brands
- Ranked #2 in prescription drugs and #3 overall in South Africa’s private market
- A leading generics player in the U.S.
- Certified as a “Great Place to Work” seven times in a row
- Committed to zero waste to landfill, carbon emission reduction, and ESG leadership
Timeline of Key Milestones
Year | Milestone |
---|---|
1935 | Founded by Dr. K.A. Hamied in Mumbai |
1939 | Mahatma Gandhi’s visit catalyzes indigenous medicine mission |
1960s | Dr. Y.K. Hamied joins R&D; begins API production |
1972 | Launched India’s first inhaler – landmark in respiratory care |
1985 | FDA recognition for all bulk drug facilities |
1997 | Cipla Palliative Care & Training Centre launched |
2001 | HIV/AIDS triple therapy offered at <$1/day |
2013–16 | Global acquisitions: Medpro (South Africa), InvaGen & Exelan (USA) |
2020 | Pandemic response: diagnostics to treatments |
2024–25 | 90 years of “Caring for Life”; global reach in 74 countries |
Cipla’s legacy is one of compassion, innovation, and nation-building. From its Gandhian inspiration to its global leadership in complex generics and respiratory care, Cipla continues to transform lives, staying true to its founding mission — Caring for Life.
Cipla’s Brand Portfolio and Revenue Analysis
Cipla Limited has cultivated a rich and diverse brand portfolio that reflects its leadership in both pharmaceutical and consumer health segments. With a patient-first mindset and deep market penetration, Cipla has developed and scaled numerous therapeutic brands that command significant market shares across key categories. The company’s “Big Brand” strategy is central to its performance, driving growth, visibility, and patient trust.
Leadership in Key Therapeutic Brands
Cipla has successfully built some of India’s most trusted pharmaceutical brands across categories, many of which have become category-defining.
Top Prescription Brands (India)
Brand | Therapy Area | FY 2024–25 Status |
---|---|---|
Foracort® | Respiratory (Asthma/COPD) | Crossed ₹900 Cr; category leader |
Duolin® | Respiratory | Among top 3 inhalation therapies |
Urimax® | Urology (BPH) | Leading brand for prostate health |
Budecort® | Respiratory | High recall in asthma treatment |
Dytor® | Cardiology | Widely prescribed diuretic |
- Cipla has 26 brands with revenues exceeding ₹100 crore
- 23 brands rank among the top 300 pharmaceutical brands in India
- Its flagship respiratory brands have enabled Cipla to achieve 25% market share in India’s respiratory therapy and 70% share in inhalation + nebulisation segments
Consumer Health Brands (Cipla Health Limited)
Cipla’s over-the-counter (OTC) portfolio under Cipla Health Limited (CHL) continues to lead several wellness categories.
Brand | Category | Market Position (India) |
---|---|---|
Nicotex® | Smoking cessation | #1 in NRT segment |
Omnigel® | Topical analgesic (Pain relief) | #1 |
Cipladine® | Antiseptic cream | #1 |
Cofsils® | Cough and sore throat | Market leader |
Prolyte® | Oral Rehydration Salts | Top tier |
New Acquisitions:
- Astaberry, Ikin, and Bhimsaini (from Ivia Beaute) to boost presence in skin care, ayurvedic wellness, and Tier 2+ town markets
Wellness Brand Performance (South Africa)
Cipla’s wellness strategy is also gaining momentum in international markets, particularly in South Africa.
- OTC market size in South Africa: USD 1.1 billion
- Cipla Wellness revenue: ZAR 1.65 billion (↑11.8% YoY)
- Leadership positions in allergy, probiotics, cold, and calmative segments
Digital and Device-Aided Brand Platforms
In its respiratory segment, Cipla offers an integrated brand ecosystem combining:
- Devices: Synchrobreathe®, Ciphaler®, portable Spirofy®
- Apps: CipAir® (AI-powered asthma screening), Breathefree® (lung health tracker)
- Centers: Breathefree Lung Wellness Centres (BLWC) – physical diagnostics + education hubs
These offerings are designed to deepen therapy adherence and brand affinity.
Estimated Brand-wise Revenue Contribution (%)
Segment / Brand Group | Approximate Revenue Contribution (%) |
---|---|
Respiratory Portfolio | 20–25% |
Urology / Cardiology | 10–15% |
CNS / Epilepsy / Psychiatry | 10% |
Consumer Health Brands | 12–15% |
Oncology / Anti-retroviral | 10% |
Anti-infectives / Others | 20–25% |
Note: Cipla does not publish exact brand-wise revenue. These estimates are based on market rankings, portfolio emphasis, and YoY growth insights from the report.
Cipla’s Brand Strategy
Cipla’s approach to branding focuses on:
- Making big brands bigger
- Driving therapy leadership in respiratory, CNS, and wellness
- Leveraging digital engagement for patient-centric outcomes
- Expanding globally with consistent brand equity
Cipla’s brand development model combines medical innovation with consumer insights and emotional resonance, creating long-lasting loyalty among both patients and physicians.
Cipla’s Geographical Presence and Revenue Breakup by Region
Cipla Limited operates with a globally integrated structure, reaching across 74 countries with strong footholds in India, North America, South Africa, Europe, and emerging markets in Asia and Africa. The company’s diversified geographical presence is a cornerstone of its growth strategy, enabling Cipla to deliver affordable, high-quality healthcare at scale while managing regional risks.
Overview of Global Revenue Distribution (FY 2024–25)
Region | Revenue Contribution (%) | YoY Growth (Local Currency) |
---|---|---|
India (One-India) | 42% | +7% |
North America | 29% | +3% (USD) |
One Africa | 14% | +12% (USD) |
Emerging Markets & Europe | 12% | +15% (USD) |
API (Active Ingredients) | 2% | +5% (USD) |
India – One-India Franchise
India remains Cipla’s largest and strongest market, contributing 42% to total revenue.
Sub-segments include:
- Branded Prescription
- Trade Generics
- Consumer Health (CHL)
Performance Highlights:
- Crossed ₹11,000 crore in revenue
- Respiratory, Cardiology, and Urology portfolios drive growth
- 26 brands crossed ₹100 crore threshold
- Top performer in volume in Indian Pharmaceutical Market (IPM)
North America – The U.S. Powerhouse
The North American market (primarily the U.S.) contributes 29% to revenue and is Cipla’s most sophisticated market for complex generics and differentiated assets.
Performance Highlights:
- Revenue reached USD 934 million — an all-time high
- Respiratory assets: gSymbicort, gQvar, among others in pipeline
- Key approvals: Lanreotide Injection, Nilotinib Capsules, Nano-Paclitaxel
Focus Areas:
- Respiratory, Peptides, Complex Injectables
- Biosimilars, 505(b)(2) assets, digital health innovations
One Africa – South Africa and Beyond
The One Africa region contributes 14% of Cipla’s global revenue. This includes:
- South Africa
- Sub-Saharan Africa
- North Africa
- Cipla Global Access (CGA)
Performance Highlights:
- South Africa: 2nd largest in prescription market
- Strong momentum in CNS, Anti-infectives, Respiratory
- Private market share in South Africa: 77%
- Growth rate: 12% YoY in USD terms
Emerging Markets and Europe
This segment contributes 12% of global revenues, driven by:
- Direct-to-Market (DTM) presence in Sri Lanka, Nepal, UAE
- B2B business and strategic distribution networks
Performance Highlights:
- Cipla ranked #3 in Sri Lanka and #9 in Nepal
- Oncology and respiratory products fueling pipeline
- YoY revenue growth: 15% in USD terms
API (Active Pharmaceutical Ingredients)
The API business contributes approximately 2% of Cipla’s revenues but plays a key role in internal backward integration and external licensing.
Markets Served:
- U.S., EU, LATAM, Asia, Africa
- Focused on respiratory, antiretrovirals, CNS, and oncology APIs
Key Strengths:
- Highly regulated facilities
- Strategic asset for self-reliance and profitability
Global Manufacturing Footprint
Cipla’s 46 manufacturing sites are spread across multiple geographies including:
- India (Goa, Kurkumbh, Indore, Patalganga, Bengaluru, etc.)
- South Africa
- USA
- EU-compliant facilities
These plants produce:
- 32.15 billion tablets and capsules
- 144.3 million aerosol MDIs
- 48.3 million oral liquids
- 679 million respules
- 881.74 tonnes of APIs
International Expansion Strategy
Cipla’s international growth strategy includes:
- Launching Breathefree Lung Wellness Centres in UAE, Nepal, and South Africa
- Regulatory clearances in Kenya, Ghana, Mauritius, and Tanzania
- Introduction of Spirofy® in multiple emerging markets
- Advancing mRNA-based therapies, biosimilars, and CAR-T platforms through EU labs
Summary: Regional Diversification
Cipla’s regional diversification strategy enables:
- Risk mitigation from market volatility
- Optimized regulatory and pricing frameworks
- Localized product innovation
- Stronger relationships with governments and health systems
Cipla’s balanced and resilient geographical presence positions it well for sustained global growth while remaining rooted in its founding vision — universal access to healthcare.
Cipla’s Consolidated Financial Statements for FY 2024–25 (Tables)
Below are the detailed consolidated financial statements of Cipla Limited for the financial year ended 31st March 2025, including the Profit & Loss Statement, Balance Sheet, and Cash Flow Statement, all presented in INR Crores.
Consolidated Profit and Loss Statement
(for the year ended 31st March, 2025)
Particulars | FY 2024–25 | FY 2023–24 |
---|---|---|
Revenue from sale of products | 27,145.40 | 25,446.63 |
Other operating revenue | 402.22 | 327.46 |
Total revenue from operations | 27,547.62 | 25,774.09 |
Other income | 861.87 | 746.57 |
Total income | 28,409.49 | 26,520.66 |
Cost of materials consumed | 5,409.60 | 5,220.51 |
Purchases of stock-in-trade | 3,851.49 | 3,536.03 |
Changes in inventories of FG, WIP & stock-in-trade | (332.10) | 63.03 |
Employee benefits expense | 4,832.83 | 4,310.04 |
Finance costs | 62.01 | 89.88 |
Depreciation and amortisation | 1,106.95 | 1,051.02 |
Other expenses | 6,657.90 | 6,353.43 |
Total expenses | 21,588.68 | 20,623.94 |
Profit before tax and associates | 6,820.81 | 5,701.90 |
Tax expense (net) | 1,529.76 | 1,546.59 |
Share of profit/(loss) from associates | (21.85) | (1.59) |
Net profit for the year | 5,269.20 | 4,153.72 |
Other comprehensive income | 218.66 | (120.58) |
Total comprehensive income | 5,487.86 | 4,033.14 |
Earnings per share – Basic (INR) | 65.29 | 51.05 |
Earnings per share – Diluted (INR) | 65.24 | 51.01 |
Consolidated Balance Sheet
(as at 31st March, 2025)
Particulars | FY 2024–25 | FY 2023–24 |
---|---|---|
ASSETS | ||
Non-current assets | 17,157.01 | 14,625.92 |
Current assets | 20,230.03 | 18,043.86 |
Total Assets | 37,387.04 | 32,717.82 |
EQUITY AND LIABILITIES | ||
Equity share capital | 161.52 | 161.47 |
Other equity | 31,937.72 | 27,812.45 |
Total Equity | 32,099.24 | 27,973.92 |
Non-current liabilities | 613.83 | 669.72 |
Current liabilities | 5,483.96 | 5,245.77 |
Total Liabilities | 6,097.79 | 5,915.49 |
Total Equity and Liabilities | 37,387.04 | 32,717.82 |
Consolidated Cash Flow Statement
(for the year ended 31st March, 2025)
Particulars | FY 2024–25 | FY 2023–24 |
---|---|---|
Cash flow from operating activities | ||
Net cash generated from operations | 5,004.98 | 4,133.91 |
Cash flow from investing activities | ||
Net cash used in investing activities | (3,691.14) | (2,988.03) |
Cash flow from financing activities | ||
Net cash used in financing activities | (1,292.79) | (1,200.43) |
Net increase / (decrease) in cash & cash eqv. | 21.05 | (54.55) |
Opening cash and cash equivalents | 512.34 | 561.33 |
Closing cash and cash equivalents | 542.65 | 512.34 |
Cipla’s financial performance in FY 2024–25 demonstrates its robust revenue base, effective cost controls, and consistent investment in innovation, which together drive sustainable earnings and value creation for stakeholders.
Cipla’s Subsidiaries, Wholly-Owned Subsidiaries, and Associates (Full List with % Ownership and Details)
Cipla Limited maintains a strong and diversified corporate structure comprising domestic and international subsidiaries, wholly-owned subsidiaries (WOS), and associate companies. These entities allow Cipla to extend its innovation, manufacturing, and market reach across key territories.
A. Indian Subsidiaries and Wholly-Owned Subsidiaries
S. No. | Name of Entity | Country | % Holding | Status |
---|---|---|---|---|
1 | Goldencross Pharma Limited | India | 100% | Active |
2 | Meditab Specialities Limited | India | 100% | Active |
3 | Cipla Pharma and Life Sciences Limited | India | 100% | Active |
4 | Jay Precision Pharmaceuticals Private Limited | India | 100% | Active |
5 | Cipla Health Limited | India | 100% | Active |
6 | Medispray Laboratories Private Limited | India | 100% | Active |
7 | Sitec Labs Limited | India | 100% | Active |
8 | Cipla Pharmaceuticals Limited | India | 100% | Active |
9 | Cipla Digital Health Limited | India | 100% | Active |
10 | Cipla Health Employees Stock Option Trust | India | 100% | Active |
B. International Subsidiaries and Wholly-Owned Subsidiaries
S. No. | Name of Entity | Country | % Holding | Status |
---|---|---|---|---|
11 | Cipla Medpro South Africa (Pty) Limited | South Africa | 100% | Active |
12 | Cipla Medpro Manufacturing (Pty) Limited | South Africa | 100% | Active |
13 | Cipla-Medpro (Pty) Limited | South Africa | 100% | Active |
14 | Cipla-Medpro Distribution Centre (Pty) Ltd. | South Africa | 100% | Active |
15 | Cipla Kenya Limited | Kenya | 100% | Active |
16 | Cipla Select (Pty) Limited | South Africa | 100% | Active |
17 | Medpro Pharmaceutica (Pty) Limited | South Africa | 100% | Active |
18 | Mirren (Pty) Limited | South Africa | 100% | Active |
19 | Cipla Colombia SAS | Colombia | 100% | Active |
20 | Cipla (China) Pharmaceutical Co., Ltd. | China | 100% | Active |
21 | Cipla Therapeutics Inc. | USA | 100% | Active |
22 | Cipla (Jiangsu) Pharmaceutical Co., Ltd. | China | 100% | Increased to 100% in FY25 |
23 | Cipla Gulf FZ-LLC | UAE | 100% | Active |
24 | Cipla Algérie | Algeria | 40% | JV |
25 | Aspergen Inc. | USA | 60% | Strategic control |
C. Associates and Joint Ventures (Direct Holding)
Name of Associate | % Holding | Country | Key Focus / Business Area |
---|---|---|---|
GoApptiv Private Limited | 22.99% | India | Healthcare commercialisation platform |
AMPSolar Power Systems Private Limited | 26.00% | India | Renewable energy utility |
AMP Energy Green Eleven Pvt. Ltd. | 32.49% | India | Green power generation |
Achira Labs Pvt. Ltd. | 21.05% | India | Diagnostic solutions |
Clean Max Auriga Power LLP | 33.00% | India | Solar energy infrastructure |
D. Associates (Held Indirectly or Through JV)
Name of Entity | % Holding | Country | Details |
---|---|---|---|
Stempeutics Research Pvt. Ltd. | 34.36% | India | Stem cell research |
Brandmed (Pty) Ltd. | 30.00% | South Africa | Digital patient engagement platform |
MKC Biotherapeutics Inc. | 34.40% | USA | Cell & gene therapies JV |
Iconphygital Pvt. Ltd. | 22.99% | India | Health-tech marketing arm of GoApptiv |
Pactiv Healthcare Pvt. Ltd. | 22.99% | India | Digital healthcare platform |
E. Investment Summary in Associates (FY 2024–25)
Particulars | Amount (INR Crores) |
---|---|
Total carrying value | 140.47 |
Of which: GoApptiv | 79.12 |
Other associates (aggregate) | 61.35 |
Cipla’s strategic investments and partnerships via its subsidiaries and associates enable the company to:
- Localize manufacturing
- Expand into emerging markets
- Drive digital healthcare innovation
- Leverage green energy and sustainability
This diversified structure supports Cipla’s long-term goal of becoming a globally admired healthcare partner.
Physical Properties of Cipla: Offices, Factories, Plants, and Facilities
Cipla’s manufacturing and research infrastructure is a core enabler of its mission to provide affordable and quality healthcare to the world. The company owns and operates 46 cGMP-compliant manufacturing sites across five countries, supported by a robust network of R&D centers, pilot plants, and innovation hubs.
A. Global Manufacturing Footprint (as of FY 2024–25)
Country | No. of Manufacturing Facilities | Key Products / Functions |
---|---|---|
India | 29 | Formulations, APIs, inhalers, injectables, oncology |
South Africa | 9 | Solids, liquids, wellness, OTC |
USA | 4 | Complex generics, inhalers, injectables |
China | 2 | API (Respiratory), formulation |
Others | 2 | Respiratory and specialty formulations |
Total Facilities Worldwide: 46
All sites comply with major regulatory authorities including US FDA, WHO, EU GMP, SAHPRA, and PMDA.
B. Select Manufacturing Site Highlights
1. Indore, India
- Focus: Dry Powder Inhalation (DPI), MDIs
- New Commissioning:
- MSP form-fill-seal machine: ↑ 2.6 million units/annum
- Greenfield MDI unit (green propellant): FY 2027–28
2. Kurkumbh, India
- Focus: APIs, sachets
- Additions:
- Mespack sachet packing: ↑ 39.6 million units/annum
- Greenfield respiratory API unit (10 tonnes/annum): FY 2025–26
3. Patalganga, India
- Focus: Tablets
- Expansion: ↑ 300 million tablets/annum capacity
4. Goa, India
- Focus: Cytotoxic drugs
- New Facility: Cytotoxic tablet manufacturing (80 million units/annum)
5. Bommasandra, India
- Focus: Oncology APIs
- New Block: Additional oncology API block → Commissioning FY 2026–27
C. Sustainability and Environmental Infrastructure
Cipla has implemented Zero Liquid Discharge (ZLD) systems across all Indian sites, utilizing:
- Multi-Effect Evaporators (MEE)
- Reverse Osmosis (RO)
- Agitated Thin Film Dryers (ATFD)
- Effluent Treatment Plants (ETP)
Certifications: All India-based manufacturing units certified as Zero Waste to Landfill
Renewable Energy Initiatives:
- 55 MWp of captive solar (open access)
- 2.7 MVA captive wind power
- 10.4 MWp rooftop solar across sites in India
D. Research and Development Infrastructure
Cipla’s R&D is driven by a 1,700+ member Integrated Product Development (IPD) team operating across five global R&D centres:
Location | Country | Function |
---|---|---|
Vikhroli (Mumbai) | India | Respiratory, Inhalation, IPD |
Patalganga | India | Formulations, Analytics |
Bengaluru | India | Biosimilars, Biotech R&D |
Indore | India | Injectable and peptide innovations |
Long Island & New York | USA | Complex generics and 505(b)(2) programs |
R&D Capex FY 2024–25: ₹1,536 crore (5.58% of consolidated revenue)
E. Digitization and Smart Manufacturing
Cipla has implemented cutting-edge digital tools including:
- Manufacturing Execution Systems (MES) across 4+ units
- GenAI tools for alarm troubleshooting and documentation
- VR-based operator training in Indore
- Automated inspection on nasal packing lines
These efforts support:
- Quality compliance
- Cost reduction
- Faster regulatory approvals
- Agile production scalability
F. Properties Held for Sale or Lease
- Goa facility partially classified as “assets held for sale” in FY 2024–25.
- Rental Income from investment property: ₹14.21 crore
- Fair Value of investment property: ₹187.8 crore
Cipla’s manufacturing and R&D backbone is a testament to its operational excellence, patient-centric innovation, and environmental stewardship. The infrastructure not only supports current global demand but also ensures future-readiness through scale, automation, and sustainability.
Founders and Visionary Leadership of Cipla: A Legacy of Nation-Building
Cipla Limited’s foundation is deeply rooted in a humanitarian ethos and patriotic spirit. Its leadership journey is defined by a lineage of visionary individuals who prioritized access to essential medicines and championed self-reliance in healthcare.
Dr. Khwaja Abdul Hamied – The Founder
Born: 1898
Founded Cipla: 1935 (as Chemical, Industrial & Pharmaceutical Laboratories)
Background: PhD in Chemistry from Humboldt University, Berlin
Legacy Highlights:
- Inspired by Mahatma Gandhi and India’s independence movement
- Established Cipla to make India self-sufficient in pharmaceuticals
- Championed indigenous production of essential drugs when India was entirely dependent on imports
- Hosted Mahatma Gandhi at Cipla in 1939 — a turning point in the company’s direction
- Emphasized a humanitarian approach to medicine over profit
“We must make drugs for our people, and not for profits. Let us be guided by the spirit of service.” – Dr. K.A. Hamied
Dr. Yusuf Khwaja Hamied – Visionary Architect of Global Impact
Born: 1936
Role: Former Chairman and Managing Director
Joined Cipla: 1960
Education: PhD in Organic Chemistry, University of Cambridge
Transformational Contributions:
- Made Cipla a global pioneer in affordable HIV/AIDS therapy with the revolutionary $1-a-day triple therapy in 2001
- Spearheaded R&D-driven innovation, focusing on inhalation therapies, anti-retrovirals, and API self-reliance
- Advocated patent law reforms for public health in developing countries
- Championed investments in STEM education and healthcare infrastructure
Recognitions:
- Padma Bhushan (2005) by the Government of India
- Ranked among the most influential people in healthcare globally
“Cipla is not just a business. It’s a cause. It’s about patients first.” – Dr. Y.K. Hamied
Samina Hamied – Executive Vice Chairperson
Role: Executive Vice Chairperson, Cipla Ltd
Joined: 2011
Education: MS in International Accounting & Finance, LSE
Strategic Vision:
- Focus on digital health, ESG, and employee well-being
- Advocates a women-centric leadership culture
- Drives Cipla’s transition into an innovation-led, digitally integrated company
- Key proponent of future-ready manufacturing, D2C brands, and personalised health
Umang Vohra – Managing Director & Global CEO
Role: Global CEO & MD
Joined: 2015; CEO since 2016
Background: Former CFO, PepsiCo; MBA from T.A. Pai Management Institute
Leadership Mandate:
- Driving Cipla’s transformation into a global innovation-led pharmaceutical leader
- Architect of the One-India business model and Horizon 2 & 3 pipeline
- Leads the North America growth strategy, complex generics, and digital health evolution
- Under his leadership, Cipla achieved its highest ever EBITDA margin of 25.9%
The Founding Philosophy: “Caring for Life”
Cipla’s leadership has always emphasized:
- Universal healthcare access
- Ethical business practices
- Long-term value creation for patients and society
- Prioritizing purpose over profits
These values continue to define Cipla’s identity and global influence, making it one of the most respected pharmaceutical companies in the world.
Cipla’s Board of Directors
Cipla Limited maintains a balanced and highly competent Board of Directors that blends strategic vision, governance oversight, global market understanding, and a passion for patient-centric innovation. The composition reflects a healthy mix of executive, non-executive, and independent directors, ensuring checks, balances, and diversity of perspectives.
Full List of Board Members with Roles
Name | Role / Designation |
---|---|
Dr Y.K. Hamied | Chairman (Non-Executive, Non-Independent) |
Mr Umang Vohra | Managing Director & Global CEO (Executive Director) |
Mr Kamil Hamied | Non-Executive, Non-Independent Director |
Mr Abhijit Joshi | Non-Executive, Non-Independent Director |
Mr Adil Zainulbhai | Non-Executive, Non-Independent Director |
Dr Balram Bhargava | Independent Director |
Dr Mandar Vaidya | Independent Director |
Ms Maya Hari | Independent Director |
Ms Sharmila Paranjpe | Independent Director |
Mr Robert Stewart | Independent Director |
Mr P R Ramesh | Independent Director and Lead Independent Director |
Investments and Passive Stakes: Strategic Portfolio of Cipla
Cipla has a diverse and forward-looking investment portfolio that includes strategic equity stakes, convertible instruments, venture capital fund contributions, and sustainability-linked joint ventures. These investments enhance Cipla’s innovation capabilities, expand market access, and support sustainability goals.
A. Summary of Associate and Joint Venture Investments (as of March 31, 2025)
Entity Name | Country | Stake (%) | Type | Sector |
---|---|---|---|---|
GoApptiv Pvt. Ltd. | India | 22.99% | Associate | Healthcare-tech distribution |
Achira Labs Pvt. Ltd. | India | 21.05% | Associate | Diagnostic platforms |
MKC Biotherapeutics Inc. | USA | 34.40% | Joint Venture | Biotech, complex biologics |
Stempeutics Research Pvt. Ltd. | India | 34.36% | Associate | Stem cell therapies |
Brandmed (Pty) Ltd. | South Africa | 30.00% | Associate | Digital health |
AMP Solar Power Systems Pvt. Ltd. | India | 26.00% | Associate | Renewable energy |
AMP Energy Green Eleven Pvt. Ltd. | India | 32.49% | Associate | Renewable energy |
Clean Max Auriga Power LLP | India | 33.00% | LLP | Green power |
B. Select Investment Highlights
1. GoApptiv Private Limited
- Stake: 22.99%
- Purpose: Enhancing Tier 2–6 market access through tech-driven distribution
- FY 2024–25 Revenue: ₹1,612.60 crore
- Cipla’s Share of Loss: ₹0.83 crore
- Carrying Value: ₹79.12 crore
2. Achira Labs Private Limited
- Stake: 21.05%
- Focus: Point-of-care diagnostics using microfluidics
- OCPS Investment: ₹6 crore for 60 lakh optionally convertible shares
- Total Investment: ₹31 crore
3. MKC Biotherapeutics Inc.
- Stake: 34.40%
- Established: February 2024 with Kemwell Biopharma UK and MNI Ventures
- Purpose: Manufacturing and commercialization of biologics
- Investment: ₹14.32 crore
4. Stempeutics Research Pvt. Ltd.
- Stake: 34.36%
- Investment: ₹80.28 crore
- Specialization: Stem cell research and clinical applications
5. Brandmed (Pty) Ltd.
- Stake: 30.00%
- Investment: ₹31.62 crore
- Focus: Healthcare digitization in South Africa
C. Investments in Renewable Energy
Company Name | Instrument | Stake % | Amount (₹ crore) |
---|---|---|---|
AMP Solar Power Systems Pvt. Ltd. | CCD | 26% | 9.00 |
AMP Energy Green Eleven Pvt. Ltd. | CCD | 32.49% | 7.50 |
Clean Max Auriga Power LLP | LLP | 33% | 6.75 |
These support Cipla’s sustainability commitments through green energy sourcing and carbon reduction.
D. Venture Fund & Other Passive Investments
Fund Name | Nature | Amount Invested (₹ crore) |
---|---|---|
Early Spring Fund | Healthcare VC | 7.04 |
Alkemi Ventures | Health innovation | 6.88 |
ABCD Technologies LLP | Digital supply chain platform | 10.00 |
E. Other Strategic Holdings
Company | Country | Stake (%) | Focus |
---|---|---|---|
Shanghai Desano Pharmaceuticals | China | 16.50% | API manufacturing |
Iconphygital Pvt. Ltd. | India | 22.99% | Digital solutions |
Pactiv Healthcare Pvt. Ltd. | India | 22.99% | Healthcare packaging |
Cipla’s investment strategy is deeply integrated with its long-term growth agenda, focusing on:
- Innovation enablers (biotech, diagnostics)
- Sustainability drivers (green energy)
- Market expansion (distribution, digital health)
- Strategic collaboration platforms (venture capital, JV)
Future Investment Plans and Strategic Growth Roadmap of Cipla
Cipla is actively shaping its future with bold, purpose-driven investments focused on innovation, market expansion, and digital transformation. The company’s multi-horizon strategy balances short-term profitability, medium-term capability-building, and long-term innovation bets.
A. Strategic Investment Themes
Strategic Focus Area | Investment Intent |
---|---|
Innovation & R&D | Increased R&D spending on respiratory, oncology, biosimilars, CNS, obesity |
Digital Health & AI | Scale-up of AI tools, patient engagement platforms, and digital health ecosystems |
Manufacturing & Automation | Expansion in India and the US, automation, quality compliance |
Therapeutic Expansion | Stronger presence in oncology, neurology, AMR, and metabolic diseases |
Green Propellants & Sustainability | Focus on green inhalers, ESG-linked clean energy platforms |
New-Age Technologies | Stem cells, mRNA platforms, oligonucleotides, cell & gene therapy |
B. Pipeline Portfolio and Global Filings
- 80+ product launches and 50+ regulatory filings planned over the next 5 years
- Respiratory Filings: Budesonide Formoterol HFA (Europe/US), Salbutamol MDI (Australia), Fluticasone DPI (Brazil)
- Green Propellants: 4 LGWP (low global warming potential) propellant-based products filed
- 505(b)(2) Approvals: Nilotinib capsules approved; Afrezza® Inhaled Insulin launch underway
- Oncology Innovations: Lung cancer injectable and leukemia oral therapies progressing
C. Manufacturing Infrastructure & Capex Pipeline
- ₹1,212.76 crore in capital work-in-progress (as of March 31, 2025)
- No projects overdue or over budget
- Prioritized areas:
- Real-time testing & paperless labs
- Robotics and AI integration in quality control
- Green manufacturing, continuous production lines