Pankaj Patel’s profile picture

Pankaj Patel

Pankaj Patel’s profile picture
Net worth 2018: $4.61 Billion
Industry: Health care
Residence: Ahmedabad, India
Country: India
BirthDay: 1951
Children: 2
Education: Bachelor of Arts / Science, Gujarat University; Master of Science, Gujarat University
BIOGRAPHY

Pankaj Patel was bornon 1951 in Ahmedabad, India, India. Pankaj Patel is #385 in List Billionaires People In The World. Indian pharma magnate Pankaj Patel runs listed company Cadila Healthcare, which was cofounded by his late father in 1952 to make vitamins. A pharmacy grad, Patel joined the firm in 1976 and took charge in 1995 after a formal separation between the two founding families. The $1.5 billion (revenues) Cadila is among India's top five generic makers, headquartered in Ahmedabad city.

NET WORTH STATISTIC
2010

$1.5 Billion

2011

$2.6 Billion

2012

$2.2 Billion

2013

$2.1 Billion

2014

$2.4 Billion

2015

$3.9 Billion

2016

$3.5 Billion

2017

$5.2 Billion

2018

$4.61 Billion

What we do tomorrow is more important than what we did yesterday.

Pankaj Patel
TIMELINE
Pankaj Ramanbhai Patel (born 1951) is an Indian businessman, the chairman and managing director of Cadila Healthcare, the fifth largest pharmaceutical company in India.Patel holds Bachelor of Pharmacy and Master of Pharmacy degrees from Gujarat University, as well as a BA in Science and Law from the University of Mumbai.In 2017, he became the president of FICCI He is the chairman of the board of governors of the Indian Institute of Science Education and Research, IISER, Kolkata and Indian Institute of Technology (IIT) Bhubaneswar; a member of the Board of Governors and also the chairman of the Finance Committee of the Indian Institute of Management, Ahmedabad; Chairman of IIM Udaipur; member Governing Board of The Ahmedabad University, Chairman of School of Life Sciences, Ahmedabad University; member of the Board of Management of the Narsee Monjee Institute of Management Studies and executive chairman, vice president and trustee of the Gujarat Cancer Society and chairman of the Gujarat Cancer and Research Institute.Patel was named the "Best Pharma Man of the year 2003" by the Foundation of Indian Industry and Economists in recognition of the growth of Cadila under his leadership. At that time, Patel predicted that Zydus Cadila would become the third-largest pharmaceutical company in India by 2005. However, the company's fortunes were reversed and Patel fell out of the list of richest Indians by 2005.He is the chairman of Zydus Hospitals, a large chain of hospitals in Gujarat.He is married to Priti Patel, a daughter of Dr B D Patel. They have two children. Their son Dr Sharvil Patel is deputy managing director of Cadila Healthcare Ltd, and is married to Meha. Their daughter Shivani is married to Pranav D Patel, son of Dushyant D Patel.In August 2012, Patel, along with Dinesh Patel, the chairman of Sintex Industries, purchased a Challenger-604 jet.
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