Dilip Shanghvi’s profile picture

Dilip Shanghvi

Dilip Shanghvi’s profile picture
Net worth 2018: $11.44 Billion
Industry: Health care
Residence: Amreli, Gujarat, India
Country: India
BirthDay: 1 October 1955
Sigh: Scorpio
Children: 2
Education: Bachelor of Arts / Science, Calcutta University
BIOGRAPHY

Dilip Shanghvi was bornon 1 October 1955 in Amreli, Gujarat, India, India. Dilip Shanghvi is #114 in List Billionaires People In The World. He founded Sun Pharmaceutical Industries and serves as managing director. The son of a pharmaceuticals distributor, he borrowed $200 from his father to start Sun in 1983 to make psychiatric drugs. The company is the world's fifth largest generics maker and India's most valuable pharma outfit with 2016 revenues of $4.1 billion He grew Sun through a series of shrewd acquisitions, the biggest of which was the purchase of scandal-tainted rival Ranbaxy Laboratories for $4 billion in 2014. His fortune has declined two years in a row as Sun's shares fell after the U.S. Food and Drug Administration observed manufacturing lapses at one of its biggest factories in India.

NET WORTH STATISTIC
2009

$3 Billion

2010

$4.6 Billion

2011

$6.1 Billion

2012

$7.4 Billion

2013

$9.4 Billion

2014

$12.8 Billion

2015

$20 Billion

2016

$16.7 Billion

2017

$13.7 Billion

2018

$11.44 Billion

Our story is all about incremental growth. We"re not looking for big leaps; we prefer small jumps.

Dilip Shanghvi
TIMELINE
2017

India Today magazine ranked him #8th in India's 50 Most powerful people of 2017 list

2016

The Government of India awarded him the civilian honour of the Padma Shri in 2016

2015

2B in Sun stock and that Sun would take on $800M in Ranbaxy debt; the deal closed in March 2015 and made Sun the largest drug company in India and the fifth largest in the world, and made Daiichi the second largest shareholder in Sun

2012

Shanghvi stepped down as Chairman and CEO in 2012 and chose Israel Makov, formerly CEO of Teva Pharmaceuticals, as his successor; Shangvi became Managing Director

1997

In 1997, Sun acquired Caraco Pharma, a loss-making American company, with the aim of expanding Sun's reach in the United States

1982

Dilip Shanghvi started Sun Pharmaceutical Industries with capital of ₹10,000 in 1982 at Vapi, with one psychiatry drug and a partner, Pradeep Ghosh

1955

Dilip Shanghvi (born 1 October 1955) is an Indian businessman and one of the country's richest people

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