How Dilip Shanghvi Built a Fortune in the Indian Pharmaceutical Industry

Major Events Of Dilip Shanghvi’s Life

1955 – Dilip Shanghvi is born on October 1st in the town of Amreli, in the state of Gujarat, India.

1972-1976 – Dilip Shanghvi attends the University of Calcutta, where he earns a Bachelor of Commerce degree.

1982 – Shanghvi starts his career by working for his father’s wholesale drug distribution business in Kolkata.

1983 – Shanghvi founds Sun Pharmaceuticals with just two employees and a capital of INR 10,000. The company’s initial focus is on manufacturing psychiatric drugs.

1994 – Sun Pharmaceuticals goes public, with its shares listed on the Bombay Stock Exchange.

1997 – Sun Pharmaceuticals acquires Caraco Pharma, a US-based company that specializes in generic drug manufacturing.

2005 – Shanghvi becomes the richest man in India, with a net worth of $4.8 billion.

2007 – Sun Pharmaceutical acquires Israel-based Taro Pharmaceutical Industries for $454 million.

2010 – Sun Pharma becomes the largest pharmaceutical company in India by market capitalization.

2012 – Sun Pharma acquires US-based DUSA Pharmaceuticals for $230 million.

2014 – Sun Pharma acquires Ranbaxy Laboratories for $3.2 billion, becoming the largest drug maker in India and the fifth-largest generic drug maker in the world.

2015 – Shanghvi is appointed to the board of governors of the Indian School of Business.

2016 – Shanghvi steps down as managing director of Sun Pharma and is replaced by his son, Aalok Shanghvi.

2018 – Forbes lists Dilip Shanghvi as the 10th richest person in India, with a net worth of $11.9 billion.

2021 – Sun Pharma’s revenue for the year is over $4.5 billion, with a net profit of over $700 million.

Throughout his career, Dilip Shanghvi has been recognized for his contributions to the pharmaceutical industry and to Indian entrepreneurship. He has received numerous awards and honors, including the Padma Shri in 2016, which is one of the highest civilian awards in India.

Dilip Shanghvi is an Indian entrepreneur and the founder of Sun Pharmaceuticals, which is currently one of the largest pharmaceutical companies in India. He was born on October 1, 1955, in Amreli, a small town in the western state of Gujarat, India.