Sun Pharmaceutical is India's No-1 drug company and Dilip Shanghvi is the owner and co-founder of this giant pharmaceutical firm, having market value of $27 Billion.
Dilip Sanghavi Net Worth and Biography
Source of Wealth - Sun Pharmaceuticals
Birth Place - Amreli, Gujarat, India
Marital Status - Married to (Vibha)
Nationality - India
Date of Birth - October 1, 1955
Ethnicity - Indian
Occupation - Founder of Sun Pharmaceutical Industries
Education - B.A, University of Calcutta
Children - 2
Dilip Sanghavi's Net Worth so far!
It is said that if you move against the tide, you will face innumerable difficulties but then, you will reach that place where no has been able to reach. And would you believe that the person we are talking about ousted the Ambani industries in 2015 and was the richest Indian then.
He is still in the highest echelons of the richest as he is the master of about $15.8 billion. How Dilip Shanghvi net worth has been so high? You will come to know in next section, but his success story is surly an idol example for every businessmen.
Dilip Sanghavi's Education and Struggle!
His alma mater is University of Calcutta, from where he did his Bachelors in Commerce. He learnt the skills of marketing and the technicalities of pharmaceuticals from his father who owned a generic drugs business in Kolkata itself.
In 1982, he launched his pharmaceutical company in Vapi, Gujarat as a modest firm with a mere few thousands only. He did all the marketing work himself and toiled day and night to sell his products.
Dilip Sanghavi's success story
He first tasted success in 1997, when he bought complete stake in Carco Pharma Co., which was a struggling American company. This step took his reach to America and within a decade, he took hold of the Israeli powerhouse, Taro Pharmaceuticals. This proved to be a masterstroke, as this move made Sun to be recognized as a major player in the pharmaceutical arena.
Sanghavi’s next major acquisition was that of Ranbaxy in 2014. Ranbaxy was struggling then, as this step by Sanghavi was looked as an immature act, but Sanghavi proved everyone wrong, as he turned Sun Pharma into a giant. And the very next year, he ousted the Ambanis.
Nothing comes easy
It would be naïve to say that this was a fairy-tale for Sanghavi because it really was not. He faced tough tests when Sun products were restricted in the US after a failed quality test. Moreover, Sun Pharmaceuticals also faced some sanctions from the US Senate due to hiked prices and due to failed quality tests.
But, this did not deter Sanghavi and he came back stronger.
How he made it that much large?
Sanghavi’s biggest skills are his man management and his acquisition skills. He never interferes in the day to day functioning of his company. He stays there as a ghost leader because he is of the opinion that it is best to leave the job to experts.
He believes that the bigger the job, the more are chances of a mistake.
Sanghavi is of the mould whose ambitions never die. They do not rest on their laurels; instead, they reach new hallmarks. The way Sun is moving; the time is not far when it will reach the zenith of the whole pharmaceutical world.
Dilip Shanghvi on Forbes Lists
And today he is one of Asia's top 10 wealthiest self-made multi billionaires. His hard work and his self made fortune is the pride millions of Indians. If you are willing to know more about him, see Dilip Shanghvi's wiki.
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