Glenmark is a well known brand in the Indian industry and has been operating in the market since 1977. It is a leading player in the dermatology segment. The India business contributes 30 % to the overall sales of the group. The business registered a compounded average growth of 16% for the last three years – This growth rate is significantly higher than industry growth rate.
The India formulations business operates through 12 divisions with focus on Dermatology, Gynecology, Diabetology, Cardiology, Internal medicine, ENT & Pediatrics. Glenmark markets over 300 products in India. It launched over 40 new products in last three years. The number of brands where Glenmark is No. 1 in the market* are 22 and the number of brands where it is amongst top 3 in the market* are 15.
* market – molecular composition of the brand / similar molecular composition