verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . june 2012 learn how and when to remove this template message sun pharmaceutical industries type public traded as bse 524715 nse sunpharma industry pharmaceuticals founded 1981 founder dilip shanghvi headquarters mumbai maharashtra india key people dilip shanghvi managing director products pharmaceuticals generic drugs revenue 26 628 crore us 4.0 billion 2015 1 operating income 7 611 crore us 1.1 billion 2015 1 net income 3 891 crore us 580 million 2015 1 total assets 15 500 crore us 2.3 billion 2015 1 number of employees 52 700 march 2016 2 website www.sunpharma.com sun pharmaceutical industries limited nse sunpharma bse 524715 is an indian multinational pharmaceutical company headquartered in mumbai maharashtra that manufactures and sells pharmaceutical formulations and active pharmaceutical ingredients apis primarily in india and the united states . the company offers formulations in various therapeutic areas such as cardiology psychiatry neurology gastroenterology and diabetology . it also provides apis such as warfarin carbamazepine etodolac and clorazepate as well as anticancers steroids peptides sex hormones and controlled substances . 3 contents 1 company 2 acquisitions and joint ventures 3 people 4 sparc 5 awards and recognitions 6 see also 7 references 8 external links company edit sun pharmaceuticals was established by mr. dilip shanghvi in 1983 in vapi with five products to treat psychiatry ailments . cardiology products were introduced in 1987 followed by gastroenterology products in 1989 . today it is the largest chronic prescription company in india and a market leader in psychiatry neurology cardiology orthopedics ophthalmology gastroenterology and nephrology . the 2014 acquisition of ranbaxy will make the company the largest pharma company in india the largest indian pharma company in the us and the 5th largest speciality generic company globally . over 72 % of sun pharma sales are from markets outside india primarily in the us . the us is the single largest market accounting for about 50 % turnover ; in all formulations or finished dosage forms account for 93 % of the turnover . manufacturing is across 26 locations including plants in the us canada brazil mexico and israel . in the us the company markets a large basket of generics with a strong pipeline awaiting approval from the u.s. food and drug administration fda . 4 sun pharma was listed on the stock exchange in 1994 in an issue oversubscribed 55 times . the founding family continues to hold a majority stake in the company . today sun pharma is the second largest and the most profitable pharmaceutical company in india as well as the largest pharmaceutical company by market capitalisation on the indian exchanges . 5 the indian pharmaceutical industry has become the third largest producer in the world in terms of volumes and is poised to grow into an industry of 20 billion in 2015 from the current turnover of 12 billion . citation needed in terms of value india still stands at number 14 in the world . acquisitions and joint ventures edit sun pharma has complemented growth with select acquisitions over the last two decades . in 1996 sun purchased a bulk drug manufacturing plant at ahmednagar from knoll pharmaceuticals and mj pharma s dosage plant at halol that are both u.s. fda approved today . in 1997 sun acquired tamil nadu dadha pharmaceuticals limited tdpl based in chennai mainly for their extensive gynaecology and oncology brands . also in 1997 sun pharma initiated their first foray into the lucrative us market with the acquisition of caraco pharmaceuticals based in detroit . in 1998 sun acquired a number of respiratory brands from natco pharma . other notable acquisitions include milmet labs and gujarat lyka organics 1999 pradeep drug company 2000 phlox pharma 2004 a formulation plant at bryan ohio and icn hungary from valeant pharma and able labs 2005 and chattem chemicals 2008 . in 2010 the company acquired a large stake in taro pharmaceuticals 6 amongst the largest generic derma companies in the us with operations across canada and israel . the company currently owns 69 % stake in taro for about 260 million . 7 in 2011 sun pharma entered into a joint venture with msd to bring complex or differentiated generics to emerging markets other than india . in 2012 sun announced acquisitions of two us companies dusa pharmaceuticals 8 a dermatology device company ; and generic pharma company url pharma 9 in 2013 the company announced an r & d joint venture for ophthalmology with the research company intrexon . 10 on 6 april 2014 sun pharma announced that it would acquire 100 % of ranbaxy laboratories ltd 11 in an all stock transaction valued at 4 billion . japan s daiichi sankyo held 63.4 % stake in ranbaxy . after this acquisition which is expected to close by end 2014 sun pharma would be the largest pharmaceutical company in india the largest indian pharma company in the us and the 5th largest generic company worldwide 12 in december 2014 the competition commission of india approved sun pharma s 3.2 billion bid to buy ranbaxy laboratories but ordered the firms to divest seven products to ensure the deal doesn t harm competition . 13 14 in march 2015 sun pharma announced it had agreed to buy glaxosmithkline s opiates business in australia to strengthen its pain management portfolio . 14 people edit sun pharma s board of directors include israel makov chairman dilip shanghvi managing director sudhir v. valia executive director sailesh t. desai executive director hasmukh s. shah non executive independent director keki m mistry non executive independent director ashwin dani non executive independent director s. mohanchand dadha non executive independent director rekha sethi non executive independent director vijay patel non executive independent director sparc edit in 2007 sun pharma demerged its innovative r & d arm and listed it separately on the stock market as the sun pharma advanced research company ltd. nse sparc bse 532872 . in 2013 sparc declared revenue of rs . 873 million . 15 sparc focuses on new chemical entities nce research and new drug delivery systems and offers an annual update 16 of its pipeline ndds . 17 awards and recognitions edit sun pharma stood second in the india s most reputed brands pharmaceutical list 18 in a study conducted by bluebytes 19 a leading media analytics firm in association with tra research 20 a brand insights organization both a part of the comniscient group . see also edit dilip shanghvi pharmaceutical industry in india companies portal pharmacy and pharmacology portal references edit a b c d https in.finance.yahoo.com q ks s sunpharma.ns . missing or empty title help pdf http www.sunpharma.com download.php download file business % 20responsibility % 20report % 202013 14.pdf . missing or empty title help sun pharmaceutical indus sunp national stock exchange of india stock quote & company profile businessweek . businessweek.com . retrieved 2 july 2015 . 1 crisil ratings http www.tarousa.com corporate website acquisitions sun pharma to buy u.s. based dusa for 230 mln . reuters india . retrieved 2 july 2015 . takeda pharmaceutical company limited . takeda to sell non colcrys url pharma inc. generic business to sun pharmaceutical . retrieved 2 july 2015 . investors newsroom intrexon . retrieved 2 july 2015 . prabha hedge . btvin sun ranbaxy deal ap hc green signal . btvin . retrieved 2 july 2015 . sun pharma to buy ranbaxy in 3.2 bn deal . timesofindia economictimes . retrieved 2 july 2015 . cci clears sun pharma ranbaxy deal . reuters india . retrieved 2 july 2015 . a b update 1 india s sun pharma to buy glaxo s opiates business in australia . reuters india . retrieved 2 july 2015 . sun pharma advanced research company profit & loss account sun pharma advanced research company financial statement & accounts . retrieved 2 july 2015 . http www.sunpharma.in sparc % 20investor % 20update % 20feb % 2026 % 202014.pdf sun pharma advanced research company . retrieved 2 july 2015 . http economictimes.indiatimes.com pharma lupinsun pharma and cipla amongst tops most reputed pharma brand list articleshow 53742154 . cms http www.bluebytes.info http www.trustadvisory.info external links edit official website v t e bse sensex companies of india airtel axis bank bajaj auto bhel cipla coal india dr. reddy s laboratories gail hdfc hdfc bank hero motocorp hindalco hul icici bank infosys itc l & t mahindra & mahindra maruti suzuki ntpc ongc reliance industries sbi sesa sterlite sun pharma tata motors tata power tata steel tcs wipro v t e cnx nifty companies of india acc ambuja cements asian paints axis bank bajaj auto bank of baroda bhel bpcl bharti airtel cairn india cipla coal india dlf dr. reddy s laboratories gail grasim industries hcl technologies hdfc hdfc bank hero motocorp hindalco industries hul infosys icici bank idfc indusind bank ltd. itc limited jindal steel and power kotak mahindra bank l & t lupin mahindra & mahindra maruti udyog nmdc ntpc ongc power grid corporation pnb reliance industries sesa sterlite limited sbi sun pharmaceutical tcs tata motors tata power tata steel tech mahindra ultratech cement wipro zee entertainment enterprises v t e major indian companies economy of india list of companies of india automotive ashok leyland bajaj auto eicher motors hero motocorp hindustan motors mahindra & mahindra tafe tata motors tvs aerospace and defence bharat electronics drdo hal ordnance factories conglomerates aditya birla adani avantha bajaj bharti essar essel gmr godrej gvk hinduja itc jaypee jindal kirloskar jsw l & t lanco mahindra muthoot murugappa ramoji reliance adag reliance rpg sahara shapoorji pallonji sun tata tvs torrent ub videocon wadia civil aviation air india indigo jet airways consumer goods and retail britannia industries dabur flipkart future group godrej consumer hindustan unilever itc nirma reliance retail tata global beverages energy and natural resources bharat petroleum cairn india chennai petroleum coal india gail essar oil hindustan petroleum indian oil corporation l & t national aluminum nhpc nmdc nlc ntpc oil india ongc power finance power grid rinl reliance infrastructure recl sci sesa goa suzlon energy tata power finance andhra bank axis bank bank of baroda bank of india canara bank central bank of india hdfc bank icici bank idbi bank ing vysya bank jammu & kashmir bank kotak mahindra bank lic mudra bank muthoot finance ltd punjab national bank sbi tamilnad mercantile bank union bank of india yes bank healthcare pharmaceutical & biotech aurobindo pharma cadila healthcare cipla glenmark pharmaceuticals dr. reddy s idpl iil lupin sun pharmaceutical manufacturing and heavy industries acc ambuja apollo tyres bengal chemicals and pharmaceuticals bhushan bhel dlf gammon india havells hcc hindalco india cements jindal steel jsw mrf sail tata steel ultratech information technology hcl technologies infosys tata consultancy services tech mahindra wipro media sun group the times group living media telecommunications aircel airtel bsnl idea cellular micromax mobile mtnl reliance communications tata communications benchmark fy 2015 16 revenues of over us 1 billion retrieved from https en.wikipedia.org w index.php title sun pharmaceutical & oldid 741906182 categories bse sensexpharmaceutical companies of indiapharmaceutical companies established in 19831983 establishments in indiacompanies based in mumbaiindian brandscnx niftygeneric drug manufacturershidden categories pages with citations lacking titlespages with citations having bare urlsengvarb from january 2014use dmy dates from january 2014articles needing additional references from june 2012all articles needing additional referencespages using infobox company with unsupported parametersall articles with unsourced statementsarticles 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