Founded in 1968, today Lupin is India's second largest pharmaceuticals company, and the 14th largest generic pharmaceutical company in the world. Products sold in 70 countries.
The European Commission imposed fines totalling 427.7m Euros on the French pharmaceutical company Servier and five producers of generic medicines, including Lupin Ltd, for concluding a series of deals aimed at protecting Servier's best selling blood pressure medicine, perindopril, from price competition by generics in the European Union. Lupin Ltd was fined 40m euros. [Listed under Information due to age of court finding]
Source: European Commission (2014)
The Lupin Human Welfare & Research Foundation (LHWRF) was set up in 1988 with the stated mission "to provide an alternative model of rural development which is sustainable, replicable and ever evolving essentially empowering under privileged and marginalized sections of society and providing basic infrastructure and balanced ecological base to the villages."
Source: company website (2014)
This company received an S&P Global ESG Score of 46/100 in the Pharmaceuticals category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 18 Nov 2022). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
Source: S&P Global (2022)
|Revenue||1.7 billion USD (2013)|
|Subsidiaries||Generic Health Pty Ltd (91% owned)
Established in 2004. India's Lupin upped its stake to 57% in 2010, and 91% in 2013. Acquired the worldwide marketing rights to the over 100 year old Australian brand Goanna in 2011.
Products / BrandsGeneric Health (91% owned)
Goanna Medicinal Oils
Goanna Topical Pain Relief