Dilip Shanghvi is an Indian Businessman, Who founded the Sun Pharmaceutical Industries born on 1 October 1955, In Amreli, Gujarat, India.
He is the son of Shantilal Sanghvi and his wife Kumud Sanghvi. His father had wholesale generic drugs distributor in Kolkata.
He married Vibha Shanghvi. The couple has two children, Alok Shanghvi and Vidhi Shanghvi.
He started his education at J. J. Ajmera High School. Later he joined the Bhawanipur Education Society College in Calcutta and completed his Bachelor of Commerce degree from the University of Calcutta.
He had started his career by helping his father in his wholesale generic drugs business. During that time, He thought to start his own drugs manufacturing company instead of selling others products. In 1982, He had borrowed 10,000 rs from his father and established Sun Pharmaceutical company in Vapi, Gujarat with partner Pradeep Ghosh. The business had been started with a two-man marketing team and a small manufacturing facility where only five psychiatry products had been produced. Shanghvi and his team had work hard to grow business. In the early 1990s, the company had opened his own research and manufacturing facilities. In this, the new product lines in the field of cardiology and gastroenterology had been added. In the 1990s, the company had started exploring to neighborhood countries and in 1994, the company went public. The company grew as fast rate under Shanghvi’s leadership. In 1996, Shanghvi had bought a manufacturing plant of knoll pharma in Ahmednagar, Maharashtra. during that time, he had been also able to expand the company’s reach to 24 countries. Dilip Shanghvi had focused his resource on creating portfolio such as neurology, oncology, dermatology, and cardiovascular. In 1997, Sun Pharma aimed to expand Sun’s reach in United State. He had succeeded to expanded Sun’s Reach in the US following of acquisition Caraco. In 2012, Shanghvi stepped down as a chairman and CEO of Sun Pharmaceutical and appointed Israel Makov as a new CEO of Sun Pharmaceutical, he became the managing director.
- He is the first-generation entrepreneur and promoter of Sun Pharmaceutical industries.
- He started as a drugs distributor.
- He founded the Sun Pharmaceutical Industries Limited, Which is an Indian multinational Pharmaceutical company. it is largest Indian Pharma Company in the US and the fifth largest company globally.
Awards and Achievements:
- In 2010, He received the Entrepreneur of the year award.
- In 2011, He received the Indian Businessman of the year award.
- In 2016, He honored the Padma Shri by Government of India.
What can we learn from him??
Like Dilip Shanghvi, If you want to become a success in your life, you have to take a risk in any field.