Dilip Shanghvi
Born 1 October 1955 (age 57)
Mumbai, India
Residence Mumbai, Maharashtra, India
Nationality Indian
Alma mater University of Calcutta
Occupation Founder and Managing Director of Sun Pharmaceuticals
Net worth $7.4 billion (2012)
Dilip Shanghvi :- (born 1955 in Mumbai, India) is the founder and managing director of Sun Pharmaceutical Industries Limited. Sun Pharma was founded in 1982 and it is currently the fifth-largest drugmaker in India. Shanghvi is estimated to be worth $9.2 billion as of 2012 by Forbes, and was ranked the 5th richest person in India.
Shanghvi holds bachelor of Arts/Science degree from the University of Calcutta.
Dilip Shanghvi enters top 5 ranks for the first time as shares of his Sun Pharmaceutical Industries, which he founded in 1982, gained nearly 50% in 12 months, hitting a record high in October. It is the country's most valuable drug maker (recent market cap:$14 billion). In August, Sun said it would spin off its domestic formulations business, sparking rumor that it may be mulling a stake sale to big pharma; company denied it. Sun is planning to take its NYSE-listed subsidiary Taro Pharmaceutical Industries, in which it has nearly a two thirds stake, private. Former chief executive of Israeli generics maker Teva Pharmaceutical replaced Shanghvi, who is still managing director, as group's chairman in May. He has invested his own money in a new power venture. Son Aalok who studied molecular biology at UMich is in charge of international marketing .
