R&D joint venture with Intrexon in 2013, etc! Dilip Shanghvi has succeeded in the industry by deciding to stress on niche markets like lifestyle and psychiatry drugs. To begin with; he carried on his father’s legacy and started off as a mere wholesaler of pharmaceutical products in Kolkata. 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. 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.. YoChef puts the spotlight on emerging businesses and reputed personalities to help young entrepreneurs learn from their experiences. However, the acquisition of Israel-based Taro made Sun a big player in overseas market and helped Dilip Shanghvi redefine success in the sector. In spite of being the second richest person in India, he takes the lowest salary. The book is an untold human story of an enterprise and its creator-Dilip Shanghvi, who became the richest self-made Indian. 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. By 90s, Sun Pharma had begun to make its presence felt! Due to his firm and highly accurate instincts; Mr. Dilip Shanghvi has crossed those roads which even established big companies were reluctant to tread. Eventually, Dilip Shanghvi decided to start his own company and Sun Pharmaceutical Industries was … His father was a wholesale drug businessman in Kolkata. Chairman of Manipal Global Education & former CFO of Infosys, Founder & Chairman of Dalian Wanda Group, Published On: Thursday, February 26, 2015. He initiated with five psychiatry products and has gone on to become India’s largest drug maker and most valuable drug company of today. © 2014-2021 Yo! Acquisitions of two US companies: DUSA Pharmaceuticals Inc. & URL Pharma, Inc. in 2012. Dilip Shanghvi – Net Worth and Salary. 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. While the United States remains a large source of Sun’s revenue, it has enough expansion scopes there. 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. 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. Some of the areas in which they offer formulations include cardiology, psychiatry, neurology, gastroenterology, diabetology, etc. Dilip Shanghvi Received Award From Prime Minister Narendra Modi. 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, October 1, Dilip Shanghvi, the founder of the largest pharmaceutical company in India and fifth largest in the world, Sun Pharmaceuticals, was born on October 1, 1955, in the small town of Amreli, Gujarat, India to Shantilal Shanghvi and Kumud Shanghvi, His parents later moved to … He studied in the J.J.Ajmera High School and then graduated with a Bachelors degree in Commerece from Bhawanipur Education Society College under Calcutta University. Dilip Shanghvi has ambitious plans chalked out both for Indian and overseas market. It holds manufacturing plants across more than 20 locations which includes the US, Canada, Brazil, Mexico and Israel. Dilip Shanghvi was born in a small town of Amreli in Gujrat on 1 January 1955. Dilip Shanghvi, 55, sounds almost apologetic when he says that he has to travel overseas more often these days. Dilip Shanghvi is the founder of $3.6billion, Sun Pharma, India's most valuable pharma outfit. Dilip Shanghvi had a talent for turning around companies in distress. ... Shop The Story. Dilip Shanghvi says the creation of value for shareholders was the main reason for doing an all-stock deal. His father was a wholesale drug distributor. He had an even humbler beginning and started as a pharmaceutical products wholesaler in Kolkata. He earned the bachelor degree in Commerce from Bhawanipur Education Society College under the University of Calcutta. 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. 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. Ideologies like such, has brought Sun Pharmaceuticals to the fifth place in the global generic drugs market! Dilip Shanghvi is an Indian businessman, pharmaceutical magnate and philanthropist. Success is an initiative to build a community of Entrepreneurs, Startups & Industry Stalwarts to celebrate success & to learn from shortfalls. Dilip Shanghvi is married and had two children who are only too happy to add their talent to the family legacy. 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. Dilip Shanghvi Facts. 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. Each of his acquisitions was well planned and they enabled him to diversify business to new sectors. 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. The truth is that I like to focus on my work and do it right,". From son of a pharmaceutical trader to India’s second richest man – Dilip Shanghvi’s incredible story. His father was in the pharmaceutical drugs trading business. 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 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’. 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. There is coming a long way from humble beginnings, and then there is the story of investor Dilip Shanghvi founder of Sun Pharmaceuticals. }, 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 Milmet Labs and Gujarat Lyka Organics in 1999. He looks forward to use his skill at turning around weak businesses and revive Ranbaxy. He completed his schooling from J. J. Ajmera High School following which he graduated from Bhawanipur Education Society College. He completed his school education from J. J. Ajmera High School. The reason they picked these diseases was because these generally struck people at an advanced age and their treatment used to continue for a long duration. He is also the well-known top wealthiest person and as the self-made billionaire in the entire Asia. With the pinch of success he had tasted, inspired him to have his own factory! Other than that; in the coming years, Sun Pharmaceuticals made many other acquisitions as well such as: –. By then; the company had smartly expanded from just psychiatry drugs to medicines for heart, respiratory complications, diabetes, stomach and intestines, etc. Photo: The India Today Dilip Shanghvi | The Dealmaker It certainly did wipe out the competition but as obvious, the road ahead did not turn out to be easy. In 1987, when the company began selling products on a national scale, it was ranked 108th. The man behind this success is Dilip S Shanghvi, Sun Pharma's founder and managing director. 72% of the company’s business comes from markets outside India, primarily from the US which accounts to about 60% of its turnover. Tackling such situations, in the first year itself they did a business of about INR 7 lakhs. among all pharma CEOs. An even bigger deal was his decision to acquire troubled Indian rival Ranbaxy Laboratories from Japan’s Daiichi Sankyothis year. 23 March 2017. Dilip Shanghvi has not played safe to reach the zenith of success in his illustrious career and he has taken some unconventional steps to take Sun Pharmaceutical Industries to the numero uno spot. With Taro acquisition, Sun can tap the customer potential in Canada along with other foreign markets. Ltd, Founding Team members of Pangram Marketing and Solutions, Indiabulls – A success story of an unsung hero. Just like his mantra goes; Dilip bhai since his early life had understood that making blind moves must never an option. Below mentioned are some of their most notable ones: –. His takeover of Caraco Pharma, which took place in 1997 was not seen as a worthy move by many industry experts. Dilip Shanghvi has succeeded in the industry by deciding to stress on niche markets like lifestyle and psychiatry drugs. In the Fiscal Year 2013-14; Sun Pharma booked revenues worth INR 166.33 billion ($2.6 billion) with an operating income of INR 71.1 billion, a net income of INR 56.6 billion and total equity worth a whooping INR 293.7 billion (US$4.6 billion). Success. All rights reserved. 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. 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. While this move made some industry veterans frown, later the majority agreed about the viability of the landmark deal. Shanghvi has an estimated net worth of $16.7 billion. The takeover of Milmet Labs enabled Sun to venture into ophthalmology. Yo! This Motivational Video is about Dilip Shanghvi Biography in Hindi. Shashikant loaned him some money and helped him setup his own factory at Vapi! During that time, the company had a turnover of around INR 50 – 60 Crores. It will give him the scope to spread into emerging markets where Ranbaxy products are popular. For Dilip Shanghvi and his company, the Ranbaxy takeover can prove to be a big game-changer. Shashikant Sanghvi came to his rescue; he was the same person from where he used to get his products manufactured till now. Acquisition of 69% stake in Taro Pharma, Inc. in 2010. This year, he made headlines by making the move to acquire trouble ridden drug maker Ranbaxy and enhancing company revenues significantly. Ltd. Trivia: – As a promoter of sun pharmaceutical, whatever dividend Dilip earns on his shares goes into educational and health expenses for financially challenged children. His perseverance on staying ahead of his rivals has taken him very high in his life. It is quite hard to believe that the third richest person in India started his pharma company with just five products and five people. 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. 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 … Enjoy the best Dilip Shanghvi Quotes at BrainyQuote. His father, Mr. Shantilal Shanghvi, was a drug wholesaler in Kolkata while his mother, Mrs. Kumud S Shanghvi ,was a homemaker. 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. He has reached the pinnacle of success as regards drug manufacturing. Shanghvi is one of the most interesting and least understood business minds of India whose journey has been shrouded in … Hence, he preferred to focus on those drugs that people have to continue taking for a longer duration. The man behind its unmatched success is Dilip Shanghvi, the former Chairman of the company which is now the leading drugmaker in India. As of now, he is the firstrichest person of India and top wealthiest and self-made billionaire in Asia. Dilip bhai – the shrewd businessman had an ideology to retain his customers: “Man’s body is just like a car.” Just like a car; with age, man too needs more attention & repairing and similarly its treatment too is likely to continue for a long time. Son of a pharma distributor, Dilip Shanghvi borrowed $200 from his father to start Sun Pharmaceutical Industries in 1983 to make psychiatric drugs. 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. Dilip Shanghvi was born in a small town of Amreli in Gujrat on 1 January 1955. Watch out for posts published under YoChef to discover entrepreneurial journeys and life lessons. Here we are sharing you the success stories of Indian entrepreneurs that will inspire you. 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. DilipShanghvi is a quite well-known figure in the Indian pharmaceutical industry today. In March 2015, Dilip Shanghvi toppled Mukesh Ambani to become the richest Indian. Dilip Shanghvi was born on 1st October in the year 1955 in a small town of Gujarat namely Amreli. Dilip Shanghvi is currently India's richest man with an estimated wealth of $21.6 billion according to Bloomberg, a lead of $100 million over Mukesh Ambani. Formulation plant at Bryan, Ohio and ICN, Hungary from Valeant Pharma and Able Labs in 2005. Having said that; he prefers to give opportunities to his own staff members instead of job poaching! too! He attended J. J. Ajmera High School and later attended the University of Calcutta where he earned a Bachelor Degree in Commerce in 1952. 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. 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 manufacture psychiatry medications. Through his efforts the loss-making company is now making money. The founder of Sun Pharmaceutical Industries, he heads a drug empire which has an estimated value of around 31 billion dollars. Among the most low-profile pharma bosses in India, he founded Sun Pharma in 1983 with a two-man marketing team and a small manufacturing facility to make psychiatry drugs and capsules at Vapi, Gujarat. He spent his childhood and college … Dilip bhai holds great love for books; particularly comics, novels and science books but since he is in the field of business, he has shifted his focus to business and management related books. Dilip Shanghvi was born on the 1st of October, 1955, in Amerali, Gujarat state, India. He grew up in the Burrabazar locality of Calcutta. Yo! The board of Sun Pharmaceutical includes Israel Makov who is presently the Chairman followed by Dilip Shanghvi himself as the Managing Director along with Sudhir V. Valia and Sailesh T. Desai as Executive Directors; out of the many. 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. 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! Along with that; it also provides a number of APIs such as warfarin, carbamazepine, etodolac, anticancers, steroids, sex hormones, controlled substances and many more! 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.. 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. 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. 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. "I am not comfortable at all with this tag of being dubbed the richest Indian and all the attention that follows for the reason. Dilip’s father’s name is Shantilal Shanghvi and his mother’s name is Kumud Shanghvi. in 2013, it declared revenues worth INR873 million. He lives in a modest house in the suburbs of Juhu, unlike the rich and famous in Mumbai who live in South Mumbai.he is a spoft spoken man, a real gentleman both in words and actions. In 1998, the company acquired quite a few respiratory brands from Natco Pharma. By Arushi Bedi ON Dilip Shanghvi. Dilip Shanghvi is the founder of Sun Pharmaceuticals — an Indian multinational pharmaceutical company. Dilip Shanghvi, the former Chairman of Sun Pharmaceuticals is currently the leading drugmaker in India. Dilip Shanghvi was born on 1 October 1955 in Jain Bania family at the small town of Amreli in Gujarat. The son of a pharmaceuticals distributor, Dilip Shanghvi borrowed $200 from his father to start Sun Pharma in 1983 to make psychiatric drugs. 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. Born on 1st of October 1955; Dilip Shantilal Shanghvi with a net worth of $19 billion is the 2ndrichest person of India and along with that is also the founder & managing director of Sun Pharmaceutical. Primarily, because getting-in someone knowledgeable from outside, would be of no value once you take away his expertise but if you give the same opportunity to your own people to develop their capacity, you will build a loyal & reliable team. Apart from the many, below mentioned are some the most notable deals cracked by them: –. Dilip Shanghvi was born on 1 October 1955 in Amreli, a small town in Gujarat, India, to Shantilal N. Shanghvi and his wife Kumud. Share with your friends. And as far as the name was concerned, as Dilip bhai narrates – “I had no doubts in my mind whatsoever that this would be the name of my company, because ‘Sun’ is the unlimited source of ultimate, endless energy.”. Apart from focusing on dermatology drugs, his company will also concentrate on enhancing business in Europe. 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. His house in Gujrat is a work of art, that has been designed and built by a reputed builder. Other than that; coming from an innovative bloodline he along with his friend Jimmy Desai have also set up solar panel maker PV Powertech Pvt. 2012 was a significant year when the company acquired two US companies, URL Pharma Inc and DUSA Pharmaceuticals Inc. Along with that in 1997, Sun Pharma also took its first step into the grand US market by acquiring the Caraco Pharmaceuticals, located in Detroit. But the biggest acquisition of Sun Pharma so far has been the recent purchase of Ranbaxy Laboratories Ltd in the year 2014, which was valued at $4 billion. And in 1993, the visionary re-invested its entire profit of INR 4 crores in setting up his own research centre and to add to that within a year itself the company joined the capital market with a public issue. In 2015, February, he surpassed Mukesh Ambani as the richest man in India, this was when the stocks of his parent company surged in price. Shanghvi is now focusing on specific product niches to carry forward the growth of Sun Pharmaceuticals. To add to that; evidently Dilip bhai coming from a commerce background did not have much knowledge about the Pharma industry; but to cover that he retained people who were experts in this field. 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! The Indian billionaire businessman is one His father was a wholesale generic drug distributor in Kolkata. He has been consistent and balanced in his expansion plans and implementation. 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. 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. Quotations by Dilip Shanghvi, Indian Businessman, Born October 1, 1955. Due to its latest acquisition of Ranbaxy; Sun Pharma has become the largest pharmaceutical company in India, the largest Indian Pharma company in the US, and the 5th largest speciality generic company globally. Now the whole idea behind manufacturing these drugs was only to show their presence in a market where not many doctors knew or even prescribed these medicines. He initiated with five psychiatry products and … 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. Having said that, when he began his entrepreneurial journey he ended up taking the biggest risk of his life! 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. He hates being in the limelight for his rich status. During his whole journey; Dilip has religiously followed the Mantra that – “never begin to dig a well when there is fire.” According to him, you obviously cannot predict when there will be a situation of crisis, but it is always advisable to anticipate the same and be prepared to survive the tide when it strikes. 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