Dilip is also known as Dilip Shantilal Shanghvi. He is an Indian billionaire businessman and one of the country’s wealthiest people. Dilip also founded Sun Pharmaceuticals. In 2016, the Indian government bestowed the civilian distinction of Padma Shri on him. On October 1, 1955, he was born.
|FULL NAME||Dilip Shantilal Shanghvi|
|DATE OF BIRTH||1 October 1955|
|AGE||68 (as of 2023)|
|HEIGHT (approx.)||167 cm|
|NET WORTH||$16 billion|
|HUSBAND/WIFE||Wife – Vibha Shanghvi.|
|GRADUATION||Bhawanipur Education Society College, Kolkata|
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Table of Content:
- Biography of Dilip Shanghvi
- Dilip Shanghvi Family
- Dilip Marriage
- Dilip Shanghvi Education
- Dilip Career
- Dilip Shanghvi Achievements
Biography of Dilip Shanghvi
Dilip was born on October 1, 1955, in the little hamlet of Amreli, Gujarat, India. His age is 68 years old now and his astrological sign is Libra. He is regarded as one of India’s wealthiest businessmen and has won the country’s fourth-highest civilian accolade, the Padma Shri. Now, he lives in Mumbai, India.
Dilip Shanghvi net worth in rupees is ₹1,19,403 crores, ranking him 117th on the list of the world’s wealthiest people. In 2015, he briefly surpassed Mukesh Ambani as India’s richest person. His organisation raises $4.5 billion per year, with foreign activities accounting for two-thirds of that total. As a result, it is India’s most valuable chemist.
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Dilip Shanghvi Family
Dilipi was born to a Jain family. He was born in the Indian state of Gujarat to Shantilal Shanghvi and Kumud Shanghvi in the small village of Amreli. They later settled in Kolkata. In Kolkata, his father ran a wholesale pharmacy specialising in generic medications.
Dilip Shanghvi wife name is Vibha Shanghvi. Dilip Shanghvi son’s name is Aalok Shanghvi and Dilip Shanghvi daughter’s name is Vidhi Shanghvi. Now, both of them work for Sun Pharmaceuticals.
Dilip Shanghvi Education
Dilip spent his childhood and college years in the Kolkata neighbourhood of Burrabazar with his parents. He attended J. J. Ajmera High School, where he completed his education. Dilip graduated from the University of Calcutta’s Bhawanipur Education Society College with a Bachelor of Commerce degree.
Dilip Shanghvi qualification is a B.Com graduate from Bhawanipur Education Society College.
Dilip began by assisting his father’s firm in Kolkata, which was a wholesale distributor of medications, particularly generic drugs. During this time, he considered making his own drugs rather than selling products made by others.
Dilip, then 27, finally built his first production plant in 1982, with a capital of INR 10,000. Sun Pharmaceutical Industries is the name he gave his company. The unit, which was located in Vapi, Gujarat, just outside of Mumbai, produced only one psychiatric medication.
Startup of the company
Initially, the company mainly marketed psychiatric medications, but by the early 1990s, it had established its own research and manufacturing facilities and introduced product lines in cardiology and gastrointestinal. Dilip went public with the company in 1994.
Expansion of the company
In 1996, he purchased a manufacturing site in Ahmednagar from Knoll Pharma. The company was already present in 24 countries at the time. Sun Pharma was able to buy Caraco Pharma, an American company, in 1997. The company also purchased Taro Pharma of Israel in 2007. Sun Pharma grew swiftly under Shanghvi’s leadership, acquiring more than a dozen companies and brands between 1999 and 2012.
In 2012, Dilip stepped down as chairman and CEO, and was succeeded by Israel Makov, formerly CEO of Teva Pharmaceuticals; Dilip was promoted to managing director. Sun, Ranbaxy, and Daiichi Sankyo agreed in April 2014 that Sun would acquire all outstanding Ranbaxy shares for $3.2 billion in Sun stock and that Sun would assume $800 million in Ranbaxy debt; the deal closed in March 2015, making Sun the largest drug company in India and the fifth largest in the world, and Daiichi the second-largest shareholder on Sun. He will stand down as SPARC’s Managing Director in May 2021 but will continue to serve as a non-executive director and chairman.
Dilip stepped in as a selfless leader, accepting only Rs. 1 as his wage due to his rapid loss of wealth.
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Dilip Shanghvi Achievements
Dilip was nominated to the Reserve Bank of India’s 21-member central board committee in January 2018. He is the head of the IIT Bombay Board of Governors. In 2017, he was named a trustee of Oxford University’s Rhodes Scholarship Programme. In 2018, he was appointed to the central board of the Reserve Bank of India. He was awarded the distinguished civilian distinction of Padma Shri by the Indian government in 2016.
Dilip was born on 1 October 1955. He is 68 years old now. Dilip received his Bachelor of Commerce degree from Bhawanipur Education Society College. He is an Indian millionaire businessman and one of the wealthiest persons in the country, as well as the creator of Sun Pharmaceuticals.
Frequently Asked Questions (FAQs):
Q1. What is Dilip Shanghvi education qualification?
Ans: Dilip Shanghvi education qualification is a B.Com graduate from Bhawanipur Education Society College.
Q2. Where was Dilip born?
Ans: Dilip was born in Amreli in the state of Gujrat.
Q3. Is Dilip married?
Ans: Yes, Dilip is married to Vibha Shanghvi and they are known to have two children together.
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