Desh Bandhu Gupta’s profile picture

Desh Bandhu Gupta

Desh Bandhu Gupta’s profile picture
Net worth 2018: $4.7 Billion
Industry: Health care
Country: India
BirthDay: 8 February 1938
Sigh: Pisces
Died On: 26/06/2017
Children: 5
Education: Master of Science, Bombay University
BIOGRAPHY

Desh Bandhu Gupta was bornon 8 February 1938 in India. Desh Bandhu Gupta, a former chemistry professor who hailed from Rajasthan, moved to Mumbai to work for a multinational pharmaceutical firm. Yearning to do more, he dipped into his wife's savings to buy a tiny vitamin company in 1968 and started focusing on making drugs to treat tuberculosis. The company he founded, Lupin, is India's second largest generics firm and listed on the Bombay stock exchange; in 2016 it drew more than half its $2.5 billion revenues from the U.S. and Japan. In 2013, Gupta formally handed over control of Lupin to two of his U.S-educated children: elder daughter Vinita and son Nilesh. Under the siblings, Lupin has been on an acquisition spree to expand its global footprint, notably in Japan. Gupta died in June 2017 at age 79. He is survived by his wife and 5 children.

NET WORTH STATISTIC
2010

$1.5 Billion

2011

$2.1 Billion

2012

$2.1 Billion

2013

$2.4 Billion

2014

$3.2 Billion

2015

$5.8 Billion

2016

$5.5 Billion

2017

$4.7 Billion

2018

$4.7 Billion

TIMELINE
2016

9 billion in 2016) and profit after tax was ₹18,364 million (equivalent to ₹21 billion or US$320 million in 2016) at the end of March 2014

2011

He was also the recipient of the Ernst and Young Entrepreneur of the Year 2011 – Visionary Leader award

2009

Gupta received a Lifetime Achievement Award during the Pharma Leadership Summit 2009

1988

Gupta set up the Lupin Human Welfare & Research Foundation (LHWRF) in October 1988

1968

He founded Lupin in 1968 with a start-up capital of ₹ 5000 borrowing the money from his wife

1938

Gupta was born on 8 February 1938 in Rajgarh, Alwar, Rajasthan, and received a master's degree in chemistry from Bombay University

1925

2 billion, making him the 254th richest person in the world

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