Wednesday, November 11, 2015

About Dilip Shanghvi

This article is on Dilip Shanghvi one of the richest man in India, You must read this article.
Dilip Shanghvi (born on 1 October 1955) is an Indian businessman and one of the richest persons in India. He is the founder and managing director of Sun Pharmaceuticals.

 Dilip Shanghvi

Early life and education of Dilip Shanghvi
Dilip was born in small town of Amreli in Gujarat on 1 October 1955. Shanghvi earned a Bachelor of Commerce degree from the University of Calcutta He is an alumnus of J. J. Ajmera High School and Bhawanipur Education Society College, from where he did his schooling and graduation, respectively.

Dilip Shanghvi's Career
He started by helping his father in the latter's wholesale generic drugs business in Kolkata. It was during his work as a drugs distributor at Kolkata, he thought of manufacturing his own drugs instead of selling others' products.

Dilip Shanghvi's Sun Pharmaceutical 
Dilip Shanghvi started Sun Pharmaceutical Industries with capital of Rs 10,000 in 1982 at Vapi.Shanghvi founded Sun Pharmaceuticals in 1983 with five psychiatry products. Today, it is India's largest drugmaker and most valuable drug company. Appreciation of Sun's stock led to a 50% surge in his personal wealth, amounting to USD 4.7 billion. As of August 2014, he has a net worth of $17.2 billion, according to the Bloomberg Billionaire's Index. He has also been named in the list of Asia’s top ten wealthiest self-made billionaires, according to Wealth-X. Shanghvi is also the Chairman and Managing Director of Sun Pharma Advanced Research Company and Shantilal Shanghvi Foundation.
In 1997, he acquired Caraco Pharma, a loss-making American company, with the aim of expanding Sun's reach in the United States and turned them around in no time. Both the deals have paid off; the US now accounts for 60% of Sun's revenue. He also acquired Israel's Taro Pharma in 2007. He is also credited with steering Sun Pharma to fifth place in the global generic drugs market.

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