Name
Pankaj Patel
Pankaj Patel
Ahmedabad, India
Bachelor of Arts/Science, Gujarat University | Master of Science, Gujarat University
India
pharmaceuticals
$2,700,000,000
597
#597 Billionaires 2019
#28 India's Richest 2018
Indian pharma magnate Pankaj Patel controls listed company Cadila Healthcare, which was cofounded by his late father in 1952 to make vitamins.A pharmacy grad, Patel joined the firm in 1976 and took charge in 1995 after a formal separation between the two founding families. The $1.7 billion (revenue) Cadila is among India's top five generic makers, headquartered in Ahmedabad city. His son Sharvil took over as Cadila's managing director in July 2017.In October 2018, Cadila outbid Coca Cola to acquire two nutritional drinks and other brands from Heinz India for $644 million.
Patel is also chairman of the board of governors of the Indian Institute of Management-Udaipur.Cadila's Sugar Free is India's most popular sugar substitute.
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