Let’s know about Dilip Sanghvi who created sensation in the world of pharma through Sun Pharma Company. Dilip Sanghvi’s hard work is definitely seen behind the success of Sun Pharma, which is one of the top pharma companies in the world today, believing in hard work and perseverance with minimal investment.
First Published Mar 17, 2023, 12:43 AM IST
Born in a simple Gujarati family, Dilip Sanghvi started his career by helping his father in his drug dealership business. Thus he learned information about various medicines. In 1982, at the age of 27, Sanghvi received Rs. 10,000 and started their first pharmaceutical manufacturing plant in Vapi, Gujarat. The company name is Sun Pharmaceuticals Industries.
Today, Sun Pharma is one of the most popular pharmaceutical companies in India. The company’s market capitalization is Rs. With a net worth of Rs 2,40,000 crore, Dilip Sanghvi is the seventh richest businessman in India. In 2016, he was honored with the Padma Shri Award by the Government of India. Dilip Sanghvi is India’s seventh richest man with a net worth of $15.4 billion, according to Forbes, and Sanghvi is ranked 109th in the world’s richest list.
Dilip Sanghvi was born in 1955 in a small village called Amreli in Gujarat to a Jain family. Son of Shantilal Singhvi and Kumuda Singhvi, Dilip Sanghvi graduated in Commerce from Calcutta University. He was J.J. Alumnus of Ajmira High School, Bhavanipur Education Society College.
10,000 in Vapi in 1982. Dilip Sanghvi started Sun Pharmaceuticals Industries in Vapi with capital at the age of 27. Dileep tasted profits within the first year of starting the business. He saw a profit of 7 lakhs in the first year. He soon realized the need to have his own factory. In this background, he took a loan and started a manufacturing unit in Vapi. In 1990, this company made its mark in the pharmaceutical sector.
In 1993, the company made a total profit of Rs.4 crores. Invested in setting up a research center. The following year, it entered the stock market through an IPO to sell shares to the public. At that time the turnover of the company was only Rs.50 crores today. Today it has increased to Rs.15,000 crore. Sanghvi has received many awards and honors in recognition of his achievements. Sanghvi Sun Pharma Advanced Research Co, CMD, Head of Shantilal Singhvi Foundation.
Dilip Sanghvi stepped down as managing director of Spark in May 2021. But he continues as a director and chairman. Dilip Sanghvi married Vibha Sanghvi at the age of 21. They have a son Alok and a daughter Vidhi. Both of them are holding various positions in Sun Pharmaceuticals.
Last Updated Mar 17, 2023, 12:43 AM IST