Dilip Shanghvi is the top billionaire businessman in India and also one of the richest people in the country. Shanghvi and Pradeep Ghosh are the founders of Sun Pharmaceuticals. It was the fifth largest generic company worldwide and also one of the largest India pharma companies in the US. After completing the graduation, he started helping his father and thought of opening his own pharmaceutical manufacturing company. To know more about Dilip Shanghvi and his net worth in 2019, keep reading the following article.
Dilip Shanghvi was born on October 1, 1955, in Amreli, Gujarat to his parents Shantilal Sanghvi and Kumud Sanghvi. He grew up in Calcutta with his parents who lived in the locality of Burrabazar.
Shanghvi completed his schooling from J. J. Ajmera High School and earned graduation from Bhawanipur Education Society College. He completed his bachelor of commerce degree in the University of Calcutta.
He got married to Vibha and they both were gifted with two children a son and a daughter named Aalok and Vidhi, respectively.
Shanghvi started his career by helping his father who was a wholesale pharmaceutical distributor in Kolkata. At this time, he thought of starting his own manufacturing drugs instead of selling other company drugs.
He borrowed the money from his father and founded Sun Pharmaceutical industries with his partner Pradeep Ghosh. Initially, he focused on growing his company and within few years he started exporting his products to other countries.
In the 1990’s the company has opened its own manufacturing and research facilities. In 1990 the company reached the public and soon the growth rate has increased. The company has started acquiring other pharmaceutical companies, and this led Dilip to grow his business copious.
The sun pharma acquired generic drug rival from Ranbaxy Laboratories which is the Japan-based pharmaceutical company for $4 billion. This listed the company in the fifth largest speciality generics position in the world and also the largest pharmaceutical company in India.
Awards and Achievements
In 2011, Shanghvi was presented with the ‘CNN-IBN Indian of the Year’ award in the category of business. In 2016, Dilip was awarded the fourth highest civilian award of the nation ‘Padma Sri’ by the Government of India. In 2017, he was listed in 8th position as India’s most powerful people by India Today magazine. He was appointed as one of the members of RBI’s powerful group of 21 members central board committee by the government of India.
Net Worth of Dilip Shanghvi
The estimated net worth of Dilip Shanghvi is more than $10 Billion. He made this fortune by establishing his own pharmaceutical company which is considered as the largest chronic prescription company all over in India. He expanded the growth of his business by adding research and manufacturing facilities. He was considered as one among the richest people in India. In 2015, he even overtook Mukesh Ambani as the richest person in the country.
Dilip Shanghvi became the top richest people in India by establishing Sun Pharmaceuticals. Both the children of Dilip work for the company Sun Pharmaceuticals.