Having said that, when he began his entrepreneurial journey he ended up taking the biggest risk of his life! Dilip Shanghvi was born on 1 October 1955 in Amreli, a small town in Gujarat, India, to Shantilal N. Shanghvi and his wife Kumud. Shanghvi is now focusing on specific product niches to carry forward the growth of Sun Pharmaceuticals. Dilip Shanghvi has succeeded in the industry by deciding to stress on niche markets like lifestyle and psychiatry drugs. The target audience of the company lies especially in the high-margin niche and specialty medications such as longtime bestseller Monotrate, along with Celact, Oleanz, Rofact, Nodict, Fexotrol, Ketorid, etc! The truth is that I like to focus on my work and do it right,". Dilip Shanghvi Received Award From Prime Minister Narendra Modi. The man behind this success is Dilip S Shanghvi, Sun Pharma's founder and managing director. It certainly did wipe out the competition but as obvious, the road ahead did not turn out to be easy. He studied in the J.J.Ajmera High School and then graduated with a Bachelors degree in Commerece from Bhawanipur Education Society College under Calcutta University. Dilip Shanghvi, 55, sounds almost apologetic when he says that he has to travel overseas more often these days. His father, Mr. Shantilal Shanghvi, was a drug wholesaler in Kolkata while his mother, Mrs. Kumud S Shanghvi ,was a homemaker. It is quite hard to believe that the third richest person in India started his pharma company with just five products and five people. Primarily, because getting-in someone knowledgeable from outside, would be of no value once you take away his expertise but if you give the same opportunity to your own people to develop their capacity, you will build a loyal & reliable team. }, During their journey; Sun Pharmaceutical has made more than many mergers or acquisitions and has successfully turned them around for their benefits! यह गुणी उद्योगपति एकगुजरती जैन बनिया परिवार से आते हैं | दिलीप संघवी (Dilip Shanghvi) का जन्म 1 अक्टूबर, 1955 के दिन हुआ था | उनका जन्म स्थान अमरेली, गुजरात (भारत) बताया जाता है | Dilip जे.जे. Dilip Shanghvi has ambitious plans chalked out both for Indian and overseas market. He initiated with five psychiatry products and … And as far as the name was concerned, as Dilip bhai narrates – “I had no doubts in my mind whatsoever that this would be the name of my company, because ‘Sun’ is the unlimited source of ultimate, endless energy.”. He attended J. J. Ajmera High School and later attended the University of Calcutta where he earned a Bachelor Degree in Commerce in 1952. The journey of Dilip Shanghvi, 64, the Founder and MD of India’s largest drugmaker Sun Pharmaceuticals, is inspirational. For Dilip Shanghvi and his company, the Ranbaxy takeover can prove to be a big game-changer. To add to that; evidently Dilip bhai coming from a commerce background did not have much knowledge about the Pharma industry; but to cover that he retained people who were experts in this field. All rights reserved. Acquisition of 69% stake in Taro Pharma, Inc. in 2010. Photo: The India Today Dilip Shanghvi | The Dealmaker Born to a Gujarati family in Amreli – a small town of Gujarat, Dilip started Sun Pharmaceutical in the year 1982 at Vapi, Gujarat by borrowing his friend’s equipment and Rs 10,000 from his father. Success is an initiative to build a community of Entrepreneurs, Startups & Industry Stalwarts to celebrate success & to learn from shortfalls. Story 'Earn Trust, Build Bonds' The potential of people comes out when you give them challenging assignments, ... By Dilip Shanghvi, Managing Director, Sun Pharmaceutical Industries. Due to its latest acquisition of Ranbaxy; Sun Pharma has become the largest pharmaceutical company in India, the largest Indian Pharma company in the US, and the 5th largest speciality generic company globally. Son of a pharma distributor, Dilip Shanghvi borrowed $200 from his father to start Sun Pharmaceutical Industries in 1983 to make psychiatric drugs. To add to that; Mr. Shanghvi’s Sun Pharmaceutical Industries is considered to be India’s most valuable drug company and holds a market cap of a whooping $27 billion. Quotations by Dilip Shanghvi, Indian Businessman, Born October 1, 1955. Dilip Shanghvi had a talent for turning around companies in distress. Yo! Ltd. Trivia: – As a promoter of sun pharmaceutical, whatever dividend Dilip earns on his shares goes into educational and health expenses for financially challenged children. His perseverance on staying ahead of his rivals has taken him very high in his life. Share with your friends. In March 2015, Dilip Shanghvi toppled Mukesh Ambani to become the richest Indian. In 1997, for their extensive gynecology and oncology brands; Sun Pharma bought Chennai based ‘Tamil Nadu Dadha Pharmaceuticals Limited’ (TDPL). He grew up in the Burrabazar locality of Calcutta. The son of a pharmaceuticals distributor, Dilip Shanghvi borrowed $200 from his father to start Sun Pharma in 1983 to make psychiatric drugs. Here we are sharing you the success stories of Indian entrepreneurs that will inspire you. He is also the well-known top wealthiest person and as the self-made billionaire in the entire Asia. 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