More than risk, the steps taken by him were unconventional, innovative and well calculated decisions that have successfully drawn the path to success for him and the company. His perseverance on staying ahead of his rivals has taken him very high in his life. To add to that; Mr. Shanghvi’s Sun Pharmaceutical Industries is considered to be India’s most valuable drug company and holds a market cap of a whooping $27 billion. Dilip Shanghvi was born in a small town of Amreli in Gujrat on 1 January 1955. Save this story for later; Dilip Shanghvi, Sun Pharma It was a self-devised ­management style and strategic acquisitions that helped Shanghvi get to the top of the pharma business. Apart from focusing on dermatology drugs, his company will also concentrate on enhancing business in Europe. Milmet Labs and Gujarat Lyka Organics in 1999. He also serves as the MD and Chairman of Sun Pharmaceutical Advanced Research Company, the first ever pure-R&D Company enlisted with Indian stock exchanges. Hence, he preferred to focus on those drugs that people have to continue taking for a longer duration. His father was in the pharmaceutical drugs trading business. Tackling such situations, in the first year itself they did a business of about INR 7 lakhs. Formulation plant at Bryan, Ohio and ICN, Hungary from Valeant Pharma and Able Labs in 2005. The target audience of the company lies especially in the high-margin niche and specialty medications such as longtime bestseller Monotrate, along with Celact, Oleanz, Rofact, Nodict, Fexotrol, Ketorid, etc! Other than that; just like every Indian, he too is, a diehard movie buff and often used to go out with his children – Aalok and Vidhi when they were young! He looks forward to use his skill at turning around weak businesses and revive Ranbaxy. Dilip Shanghvi Facts. He completed his school education from J. J. Ajmera High School. The truth is that I like to focus on my work and do it right,". Dilip Shanghvi Received Award From Prime Minister Narendra Modi. }, During their journey; Sun Pharmaceutical has made more than many mergers or acquisitions and has successfully turned them around for their benefits! He once dethroned Mukesh Ambani as India's richest man but is An even bigger deal was his decision to acquire troubled Indian rival Ranbaxy Laboratories from Japan’s Daiichi Sankyothis year. Watch out for posts published under YoChef to discover entrepreneurial journeys and life lessons. Sun Pharmaceutical Industries Limited; listed on National Stock Exchange (NSE) & Bombay Stock Exchange (BSE) with roughly more than 14,000 employees – is India’s largest multinational pharmaceutical company and has headquarters located in the financial capital of India – Mumbai. in 2013, it declared revenues worth INR873 million. By 90s, Sun Pharma had begun to make its presence felt! He is also the well-known top wealthiest person and as the self-made billionaire in the entire Asia. Mehta, the founder of Vadodara-based Deepak Fertilizers and Petrochemicals Corp. Professionally; although he is a part of Sun Pharmaceuticals but just like his father, he too started his career ground up. Some of the areas in which they offer formulations include cardiology, psychiatry, neurology, gastroenterology, diabetology, etc. The son of a wholesale drug distributor, Shanghvi launched Sun Pharma soon after graduating (1982) from the University of Calcutta with a bachelor’s degree in commerce. Just like his mantra goes; Dilip bhai since his early life had understood that making blind moves must never an option. Dilip Shanghvi, the former Chairman of Sun Pharmaceuticals is currently the leading drugmaker in India. Aalok Shanghvi, who is at the age of 30-years now, has graduated in molecular biology from the University of Michigan and is married to Karishma Mehta – granddaughter of C.K. Shanghvi is now focusing on specific product niches to carry forward the growth of Sun Pharmaceuticals. The man behind this success is Dilip S Shanghvi, Sun Pharma's founder and managing director. The founder of Sun Pharmaceutical Industries, he heads a drug empire which has an estimated value of around 31 billion dollars. Photo: The India Today Dilip Shanghvi | The Dealmaker Story 'Earn Trust, Build Bonds' The potential of people comes out when you give them challenging assignments, ... By Dilip Shanghvi, Managing Director, Sun Pharmaceutical Industries. Born to a Gujarati family in Amreli – a small town of Gujarat, Dilip started Sun Pharmaceutical in the year 1982 at Vapi, Gujarat by borrowing his friend’s equipment and Rs 10,000 from his father. Dilip Shanghvi received the Business Leader of the year award by Economic Times (2014), Dilip Shanghvi, whose fortune rose from $4.1 billion to $18 billion moved to 2, Dilipbhai was awarded the JRD TATA Corporate Leadership Award by AIMA (All India Management Association), At Frost & Sullivan India Healthcare Excellence Awards; Sun Pharma was awarded Cardiovascular Pharmaceutical Company of the Year, Forbes listed Sun Pharma in World’s 100 Most Innovative Companies, Business Standard awarded Sun Pharma as the Company of the Year, Dilip Shanghvi has been rewarded as the Indian of the Year award (Business) by CNN IBN (2012), Awarded as World Entrepreneur of the Year by Ernst and Young (2011), Awarded as First Generation Entrepreneur of the Year by CNBC TV 18. 2012 was a significant year when the company acquired two US companies, URL Pharma Inc and DUSA Pharmaceuticals Inc. Dilip Shanghvi hails from a Jain family who was born in the small town of Amreli in Gujarat to Shantilal Shanghvi and Kumud Shanghvi Shanghvi earned a Bachelor of Commerce degree from the University of Calcutta.. It is quite hard to believe that the third richest person in India started his pharma company with just five products and five people. His salary is usually at Rs.2 to 3 crore rang which includes his base salary, bonus, housing allowance, perks, insurance and providend fund money Share with your friends. In 1987, when the company began selling products on a national scale, it was ranked 108th. By Arushi Bedi ON Dilip Shanghvi. We present his top 15 inspiring quotes to motivate startup founders. And today, the market cap of Sun Pharma is more than Rs 1.20 lakh crore, with revenues worth INR 166.33 billion ($2.6 billion) and a net income of INR 56.6 billion. R&D joint venture with Intrexon in 2013, etc! Dilip Shanghvi, 55, sounds almost apologetic when he says that he has to travel overseas more often these days. Trivia: – “Everyone in the senior team speaks in Gujarati and most meetings are usually informal which are held around Shanghvi’s table.”, The awards and recognition that Dilip bhai & Sun Pharma have received and achieved go beyond the reach of numbers. यह गुणी उद्योगपति एकगुजरती जैन बनिया परिवार से आते हैं | दिलीप संघवी (Dilip Shanghvi) का जन्म 1 अक्टूबर, 1955 के दिन हुआ था | उनका जन्म स्थान अमरेली, गुजरात (भारत) बताया जाता है | Dilip जे.जे. He spent his childhood and college … Dilip Shanghvi was born on 1 October 1955 in Amreli, a small town in Gujarat, India, to Shantilal N. Shanghvi and his wife Kumud. "I am not comfortable at all with this tag of being dubbed the richest Indian and all the attention that follows for the reason. too! The book is an untold human story of an enterprise and its creator Dilip Shanghvi, who raced ahead of Mukesh Ambani to become the richest Indian in 2015. 72% of the company’s business comes from markets outside India, primarily from the US which accounts to about 60% of its turnover. In March 2015, Dilip Shanghvi toppled Mukesh Ambani to become the richest Indian. Beginning as a product manager in 2007, Aalok has gradually climbed the ladders to become the senior general manager in the group’s international marketing unit. Dilip Shanghvi is the founder of Sun Pharmaceuticals — an Indian multinational pharmaceutical company. Dilip Shanghvi was born in a small town of Amreli in Gujrat on 1 January 1955. From son of a pharmaceutical trader to India’s second richest man – Dilip Shanghvi’s incredible story. Dilip Shanghvi was born on the 1st of October, 1955, in Amerali, Gujarat state, India. Sun Pharma proudly masters in the manufacture of pharmaceutical formulations and active pharmaceutical ingredients (APIs) with its highest sales being primarily in India and the United States. The book is an untold human story of an enterprise and its creator-Dilip Shanghvi, who became the richest self-made Indian. Acquisitions of two US companies: DUSA Pharmaceuticals Inc. & URL Pharma, Inc. in 2012. While this move made some industry veterans frown, later the majority agreed about the viability of the landmark deal. In early 1970’s, when India’s patient regime gave rise to dozens of drug companies in the countries but only few could match the pace of Sun Pharmaceutical Industries. Shashikant Sanghvi came to his rescue; he was the same person from where he used to get his products manufactured till now. Dilip Shanghvi was born on 1 October 1955 in Jain Bania family at the small town of Amreli in Gujarat. Success Entrepreneur Community Invites You To Celebrate Your Success, Share Your Wisdom & Tell Us About Your Journey, Chairperson and Managing Director of Biozone Research Technologies Pvt. Dilip Shanghvi, in full Dilip Shantilal Shanghvi, (born October 1, 1955, Amreli, Gujarat state, India), Indian business executive who was the founder (1983) of Sun Pharmaceutical Industries Ltd.. He hates being in the limelight for his rich status. Trivia: – In 2007, Sun Pharma demerged its innovative R&D wing and listed it independently on the stock market as “Sun Pharma advanced research company ltd” or ‘Sparc’. His father, Mr. Shantilal Shanghvi, was a drug wholesaler in Kolkata while his mother, Mrs. Kumud S Shanghvi ,was a homemaker. Shanghvi has an estimated net worth of $16.7 billion. Through his efforts the loss-making company is now making money. Success is an initiative to build a community of Entrepreneurs, Startups & Industry Stalwarts to celebrate success & to learn from shortfalls. Chairman of Manipal Global Education & former CFO of Infosys, Founder & Chairman of Dalian Wanda Group, Published On: Thursday, February 26, 2015. There are several Pharmaceutical majors based in India, but few have been able to match or replicate the steady rise and growth of Sun Pharmaceutical Industries Limited. Dilip bhai (as his close aids like to call him) holds a Bachelors degree in the field of commerce and is married to Vibha Shanghvi – who coincidentally is a pharmacist. Dilip Shanghvi, India’s largest drug maker started their journey in 1983 with a marketing team of 2 men and a small manufacturing facility to make psychiatry drugs and capsules at Vapi, Gujarat. Lastly, due to visionaries like Dilip bhai and companies likes his; the Indian pharmaceutical industry has become the 3rd largest producer in the world, in terms of volumes and is on the verge of becoming a 20 billion industry in the near future. The company’s revenue has grown fourfoldand it now stands at a staggering Rs 22.37 billion.The first unit of Sun Pharmaceuticals was set up in Gujarat to … The takeover of Milmet Labs enabled Sun to venture into ophthalmology. In 1996, the company acquired a bulk drug manufacturing plant from Knoll Pharmaceuticals at Ahmednagar, Gujarat and a dosage plant from MJ Pharmaceuticals at Halol and both are U.S. FDA approved today. 23 March 2017. The journey of Dilip Shanghvi, 64, the Founder and MD of India’s largest drugmaker Sun Pharmaceuticals, is inspirational. He had an even humbler beginning and started as a pharmaceutical products wholesaler in Kolkata. Even though business itself is a gamble and means taking risks but the risks should be well calculated ones, so that one wrong or hasty decision doesn’t harm the company. Sun Pharma markets these and many like such drugs through a number of subsidiaries which includes Aztec, Inca, Sun, Milmet, Synergy, TDPL, Symbiosis, and Solares. Maverick, Risk taker and People’s man – these adjectives aptly personifies the self-made richest man of India– Dilip Shanghvi.. His enormous appetite for risk and never say never attitude escalated him to numero uno position. In spite of being the second richest person in India, he takes the lowest salary. Other than that; in the coming years, Sun Pharmaceuticals made many other acquisitions as well such as: –. Hence, soon he decided to go against the wind and with just two marketing executives began manufacturing & selling lifestyle and psychiatry drugs – which only a handful of MNC’s used to make in 1982. Now, it sits at number six, which is nothing short of phenomenal.Under the leadership of Dilip Shanghvi, Sun Pharmaceuticals continued its expansion and joint ventures with several European and US drug majors. Born on 1st of October 1955; Dilip Shantilal Shanghvi with a net worth of $19 billion is the 2nd richest person of India and along with that is also the founder & managing director of Sun Pharmaceutical. Eventually, Dilip Shanghvi decided to start his own company and Sun Pharmaceutical Industries was … Apart from the many, below mentioned are some the most notable deals cracked by them: –. among all pharma CEOs. All rights reserved. Below mentioned are some of their most notable ones: –. Quotations by Dilip Shanghvi, Indian Businessman, Born October 1, 1955. His father was a wholesale drug businessman in Kolkata. Enjoy the best Dilip Shanghvi Quotes at BrainyQuote. This Motivational Video is about Dilip Shanghvi Biography in Hindi. Dilip Shanghvi has ambitious plans chalked out both for Indian and overseas market. With Taro acquisition, Sun can tap the customer potential in Canada along with other foreign markets. 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