Samir Mehta
Ahmedabad, India
Bachelor of Arts/Science, Gujarat University
India
diversified
$4,200,000,000
504
#504 Billionaires 2019
#35 India's Richest 2018
Brothers Sudhir & Samir Mehta get the bulk of their wealth from Torrent Pharmaceuticals, flagship of the $2.7 billion (revenue) Torrent Group.The 60-year-old company was founded by their late father Uttambhai Nathalal Mehta, who was a salesman for Swiss pharma giant Sandoz.Their Torrent Power distributes electricity to more than 3 million customers in their home state of Gujarat and two other states.In December 2017, Torrent Pharmaceuticals acquired domestic rival Unichem for $505 million.
While Samir runs the pharma unit, older sibling Sudhir's son,Jinal, oversees the power firm. Their father started his career as a government clerk in 1944 and went on to found the pharma outfit in 1959.
Samir Mehta
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