Satish Mehta’s profile picture

Satish Mehta

Satish Mehta’s profile picture
Net worth 2018: $1.09 Billion
Industry: Healthcare
Residence: Pune, India
Country: India
Children: 2
Education: Master of Science, Pune University; Bachelor of Arts / Science, Pune University
BIOGRAPHY

Satish Mehta was born in Pune, India, India. Satish Mehta is #1896 in List Billionaires People In The World. Pharma distributor's son Satish Mehta founded and runs privately held Emcure Pharmaceuticals, which counts private equity firm Bain Capital as a key investor. He started the generics maker in Pune city as a contract manufacturer for multinationals in 1981. After more than a decade Mehta began marketing and distributing his own branded generics. Today close to 60% of Emcure's revenue of $650 million is generated overseas, mainly in North America. The company's American subsidiary, Heritage Pharmaceuticals, has been embroiled in a federal generic drug price fixing investigation. The wealth of the beleaguered tycoon, who isn't commenting on the case, is down on new information that he has fewer shares than previously estimated. Mehta's 2 U.S.-educated children, son-in-law and nephew work with him.

NET WORTH STATISTIC
2016

$1.6 Billion

2017

$1.1 Billion

2018

$1.09 Billion

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