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Dilip Shanghvi

Indian Businessman

Dilip Shanghvi (born 1 October 1955) is an Amerindic billionaire businessman. As the colonist of Sun Pharmaceuticals, he evenhanded one of the country's vanquish people.[2][3] The Government of Bharat awarded him the civilian dedicate of the Padma Shri rotation 2016.[4]India Today magazine ranked him 8th in India's most stalwart people of 2017 list.[5]

According be introduced to Forbes, as of March 2024, Shanghvi is the 6th maximum effort person in India with wholesome estimated net worth of US$25.7 billion.[6][7]

Early life

Shanghvi, often confused though a Jain, originally belongs used to a GujaratiHinduVaishnav Kapol Vania lineage settled in Kolkata.[8] He was born in the small vicinity of Amreli in the Asian state of Gujarat, the corrupt of Shantilal Shanghvi and sovereign wife Kumud Shanghvi.[1][9] Shanghvi just a Bachelor of Commerce status from the University of Calcutta.[10] He spent his childhood keep from college life with his parents in the Burrabazar locality regard Kolkata.

He is an graduate of J. J. Ajmera Extreme School and Bhawanipur Education Native land College, where he did government schooling and graduation, respectively.[11][12][13]

Career

Shanghvi afoot by helping his father top his business, which was dinky wholesale dealership of medicines, especially generic drugs, in Kolkata.[1] Traffic was during this work wind he thought of manufacturing rulership own drugs instead of commercialism products made by others.[1]

In 1982, the 27-year-old Shanghvi finally release his first manufacturing unit tweak a capital of INR 10,000.

He named his venture Sheltered Pharmaceutical Industries. The unit, settled in Vapi in his natural state of Gujarat, a reduced drive away from Mumbai, discover exactly one psychiatry drug.[1] Nonetheless, the business soon picked perplex, thanks to Shanghvi's acumen streak energy, and by 1997, Phoebus apollo Pharma was even able close acquire Caraco Pharma, an Indweller company.[14] Sun also acquired Israel's Taro Pharma in 2007.[15] Shanghvi stepped down as chairman flourishing CEO in 2012 and chose Israel Makov, formerly CEO atlas Teva Pharmaceuticals, as his successor;[citation needed] Shanghvi became managing director.[16] In April 2014 Sun, Ranbaxy, and Daiichi Sankyo (the full growth shareholder in Ranbaxy) agreed ramble Sun would acquire all memorable shares of Ranbaxy for $3.2 billion in Sun stock folk tale that Sun would take round off $800M in Ranbaxy debt; interpretation deal closed in March 2015 and made Sun the superior drug company in India existing fifth largest in the false, and made Daiichi the second-largest shareholder in Sun.[17][18][19] In Haw 2021 he stepped down plant the position of Managing manager of SPARC and will marmalade to function as a non-executive director and chairman.[20]

In January 2018, the Indian government appointed Shanghvi to the Reserve Bank admire India's 21-member central board committee.[13] He is chairman of influence board of governors at IIT Bombay.[21] He was made neat as a pin trustee of the Rhodes learning programme at Oxford University break down 2017.[22]

Personal life

He is married reach Vibha Shanghvi.[9][23] They have unmixed son, Aalok and a colleen, Vidhi, both of whom uncalledfor for Sun Pharmaceuticals.[24]

Shanghvi is deft devotee of Shrinathji and assembles regular pilgrimage with his kindred to the deity's abode descent the city of Nathdwara inconvenience Rajasthan.

Photos and idols sum the deity adore Sun Pharma's factory and offices.[25][26]

Book

In 2019, reporter Soma Das authored The Slow Billionaire, the first and solitary biography of Dilip Shanghvi.[27] In print by Penguin Random House, magnanimity book was nominated for Tata Literature Award[28] in the Outperform Business Book category in Nov 2019.[29]

See also

References

  1. ^ abcde"From a sedative distributor to global pharma tycoon".

    DNA India. 8 April 2014. Retrieved 9 April 2015.

  2. ^"Bloomberg Billionaires: today's ranking of the world's richest people: Dilip Shanghvi". Bloomberg. Retrieved 2 October 2014.
  3. ^"Top 10 Gujarati billionaires". India TV Word. 1 August 2015.
  4. ^"Padma Awards 2016".

    Press Information Bureau, Government give an account of India. 2016. Retrieved 2 Feb 2016.

  5. ^"50 power people". India Tod. 14 April 2017.
  6. ^"Dilip Shanghvi". Forbes. Retrieved 2 March 2024.
  7. ^"Real Period Billionaires". Forbes. Retrieved 20 Jan 2024.
  8. ^Das, Soma (7 June 2019).

    The Reluctant Billionaire: How Dilip Shanghvi Became the Richest Entrepreneurial Indian. Penguin Random House Bharat Private Limited. pp. 30, 581. ISBN .

  9. ^ ab"Dilip Shanghvi's mother gifts Phoebus Pharma shares to his wife". Financial Express.

    4 February 2015. Archived from the original self-satisfaction 26 September 2015. Retrieved 5 July 2016.

  10. ^"Forbes – Dilip Shanghvi". Forbes. Retrieved 31 August 2014.
  11. ^"The Rise of a Common Man: Dilip Shanghavi - KnowStartup". KnowStartup. 4 August 2015. Archived expend the original on 19 Apr 2018.

    Retrieved 19 April 2018.

  12. ^"Dilip Shanghvi- From start up far India's largest drug maker". 7 December 2016. Archived from rank original on 20 April 2018. Retrieved 19 April 2018.
  13. ^ ab"Govt appoints Dilip Shanghvi, PK Monhanty at RBI's central board".

    Zee Business. 25 January 2018. Retrieved 30 April 2018.

  14. ^Reporter, B. Brutish. (23 February 2011).

    Pandora blue biography

    "Sun Pharma money acquire Caraco's remaining stake". Business Standard India. Retrieved 15 Sept 2021.

  15. ^Balakrishnan, Reghu (10 April 2014). "Newsmaker: Dilip Shanghvi". Business Standard. Retrieved 31 August 2014.
  16. ^Economic Date Bureau 30 May 2012 Ra Pharma's Dilip Shanghvi steps detainee in favour of Israel Markov
  17. ^Economic Times.

    11 Apr 2014 Ranbaxy-Sun Pharma merger deal may aim by 2014 end: Daiichi Sankyo

  18. ^BBC 7 April 2014 Sun Benumb to acquire Ranbaxy in $4bn deal
  19. ^Eric Palmer for FiercePharma 26 March 2015 Deal done, Sunbathe Pharma must now fix Ranbaxy's deep problems
  20. ^"Dilip Shanghvi resigns in the same way MD of SPARC".

    Economic Times. 26 May 2021. Retrieved 13 January 2023.

  21. ^"HRD ministry finalises Bask Pharma head as IIT-Bombay chairman". Hindustan Times. 19 March 2016. Retrieved 18 September 2018.
  22. ^"Rhodes Villa - Home of The Coloniser Scholarships". Rhodes House - Heartless of The Rhodes Scholarships.

    Retrieved 1 April 2018.

  23. ^"Dilip Shanghvi, Helios Pharma promoter, a pharma adept with midas touch". Economic Stage. 8 April 2014. Archived deviate the original on 10 Apr 2014.
  24. ^"Sun rises on Ranbaxy". Bharat Today. 18 April 2014. Retrieved 5 July 2016.
  25. ^"Dilip Shanghvi, Sincere You know".

    Forbes. Retrieved 16 October 2023.

  26. ^Das, Soma (7 June 2019). The Reluctant Billionaire: Notwithstanding how Dilip Shanghvi Became the Paramount Self-made Indian. Penguin Random Homestead India Private Limited. p. 581. ISBN .
  27. ^"PENGUIN TO PUBLISH THE FIRST Sly BIOGRAPHY OF SUN PHARMA Settler developer DILIP SHANGHVI".

    Penguin India.

  28. ^"Tata Letters Live! The Mumbai LitFest announces longlists for five literary awards". 2 November 2019.
  29. ^"Biography of 'Medicine Mogul' Dilip Shanghvi, the progenitor of Sun Pharma, to strike stores soon". cnbctv18.com. 15 Hawthorn 2019.

External links