Dilip Shanghvi

Dilip Shanghvi is an Indian billionaire businessman and one of the country’s richest people. He founded Sun Pharmaceuticals. The Government of India awarded him the civilian honour of the Padma Shri in 2016. India Today magazine ranked him 8th in India’s most powerful people of 2017 list.

• The son of a pharmaceuticals distributor, Dilip Shanghvi borrowed $200 from his father to start Sun Pharma in 1983 to make psychiatric drugs.
• The company is the world’s fourth largest speciality generics maker and India’s most valuable pharma outfit with March 2018 revenues of $3.6 billion.
• He grew Sun through a series of acquisitions, the biggest of which was the 2014 purchase of scandal-tainted rival Ranbaxy Laboratories for $4 billion.
• His fortune was hit when Sun’s shares fell in January 2019 after a whistleblower reported alleged corporate governance lapses to the market regulator.