Malvinder & Shivinder Singh’s profile picture

Malvinder & Shivinder Singh

Malvinder & Shivinder Singh’s profile picture
Net worth 2018: $1.1 Billion
Industry: Health care
Residence: Delhi, India
Country: India
Education: Bachelor of Arts / Science, St Stephen's College (India); Master of Business Administration, Fuqua School of Business
BIOGRAPHY

Malvinder & Shivinder Singh was born in Delhi, India, India. Malvinder & Shivinder Singh is #1893 in List Billionaires People In The World. Brothers Malvinder & Shivinder Singh faced a setback when a Singapore arbitration court imposed a $390 million fine on them for allegedly suppressing and misrepresenting facts when they sold their pharma firm, Ranbaxy Laboratories, to Japan's Daiichi Sankyo 8 years ago. The Singhs denied any wrongdoing and are contesting the ruling in both Singapore and India. Their hospital chain, Fortis Healthcare, which Malvinder runs as executive chairman, is demerging its diagnostics business. The brothers rejoined the board of financial firm Religare Enterprises in a nonexecutive capacity in July after a 6-year gap. Shivinder had retired from business last year to work for a spiritual organization.

NET WORTH STATISTIC
2009

$2.6 Billion

2010

$3.2 Billion

2011

$4.1 Billion

2012

$3.5 Billion

2013

$2.6 Billion

2014

$2.1 Billion

2015

$2.3 Billion

2018

$1.1 Billion

TIMELINE
2009

He is a former chairman and CEO of Ranbaxy Laboratories, an Indian pharmaceutical company that he sold to Japanese drugmaker Daiichi Sankyo, who resigned in 2009 after Ranbaxy posted losses and after Daiichi Sankyo decided to get more actively involved in the newly acquired Indian unit

2008

On 11 June 2008, Singh stunned the Indian business world by announcing that he and his brother were selling their 34% stake in Ranbaxy to the Japanese drugmaker Daiichi Sankyo for $2 billion

2006

In November 2006, Malvinder Singh led a delegation to FDA headquarters to try to reverse the decision to accept new drug applications from Ranbaxy

1999

He and his brother Shivinder Singh, who in 1999 upon the death of their father inherited their family's 33

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