Hasmukh Chudgar
Ahmedabad, India
India
pharmaceuticals, Self Made
$3,400,000,000
597
#597 Billionaires 2019
#40 India's Richest 2018
Low profile Hasmukh Chudgar founded generics maker Intas Pharmaceuticals in 1977.Chudgar has long handed over operations to his sons Nimish and Binish, who run the $1.8 billion (revenue) company. Intas bought the Irish and UK assets of Israeli firm Teva Pharmaceuticals for $750 million in October 2016.
Chudgar's third son Urmish heads the company's biopharma business and is a haematologist-oncologist.In April 2017, private equity firm Capital International bought a 3% stake in Intas valuing the firm at $3.5 billion.
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