Mega Thread on Indian billionaire businessman and the chairman of Zydus Lifesciences Limited (Formerly known as Cadila Healthcare)
Pankaj Ramanbhai Patel
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Pankaj Ramanbhai Patel
Would appreciate a Retweet as it helps our mission to educate the maximum investors possible.
1) Just a year before Pankaj was born in 1953, his father Ramanbhai Patel established Cadilla Laboratories along with Indravadan Modi who is popularly known as the 'Medicine Man of India".
2) Ramanbhai Patel used to be a lecturer in the L.M. College of Pharmacy.
2) Ramanbhai Patel used to be a lecturer in the L.M. College of Pharmacy.
3) Inspired by his father, Pankaj pursued a Bachelor of Pharmacy and Master of Pharmacy degree from Gujarat University, as well as a Bachelor of Arts in Science and Law from the University of Mumbai.
4) After graduating he joined Cadila Healthcare in 1976.
4) After graduating he joined Cadila Healthcare in 1976.
5) In 1995 the Patel and Modi families split; the Modi family's share was moved into a new company called Cadila Pharmaceuticals Ltd., and Cadila Healthcare Ltd became the Patel family's holding company.
6) Pankaj took the charge and adopted Strategic Business Concept which was not yet executed by other corporate houses at that time.
7) When their first dream of reaching a turnover of Rs 1K Cr by 2000 was fulfilled, Pankaj had a higher ambition: to take the company to the globe.
7) When their first dream of reaching a turnover of Rs 1K Cr by 2000 was fulfilled, Pankaj had a higher ambition: to take the company to the globe.
8) Cadilla along with getting listed on the bourse started the acquisition of new companies and strategic alliances to become one of the top listed pharma companies in India.
9) In 1995 there were 1500 employees, Today the company has expanded to the staff strength of 11,000.
9) In 1995 there were 1500 employees, Today the company has expanded to the staff strength of 11,000.
10) Today Zydus Lifesciences has a presence in 50 countries.
11) In 2015 the company acquired another Indian pharmaceutical company called German Remedies.
11) In 2015 the company acquired another Indian pharmaceutical company called German Remedies.
12) On 25 June 2007, the company acquired Química e Farmacêutica Nikkho do Brasil Ltda (Nikkho) as part of Zydus Healthcare Brasil Ltda.
13) In 2010, Cadila Healthcare received a Wellcome Trust Award under the "R&D for Affordable Healthcare in India" initiative.
13) In 2010, Cadila Healthcare received a Wellcome Trust Award under the "R&D for Affordable Healthcare in India" initiative.
14) In 2014, Cadila launched the world's first adalimumab biosimilar under the brand name Exemptia at one-fifth the originator's price.
15) They also launched its first research-based drug molecule Saroglitazar in the treatment of Diabetic Dyslipidemia under brand name Lipaglyn.
15) They also launched its first research-based drug molecule Saroglitazar in the treatment of Diabetic Dyslipidemia under brand name Lipaglyn.
16) Patel was named the Best Pharma Man of the year 2003 by the Foundation of Indian Industry and Economists in recognition of the growth of Cadila under his leadership.
17)Patel anticipated that Zydus Cadila would turn into the third-biggest pharma company in India by 2005.
17)Patel anticipated that Zydus Cadila would turn into the third-biggest pharma company in India by 2005.
18) Today It is ranked 100th in the Fortune India 500 list in 2020.
19) Pankaj is also the chairman of Zydus Hospitals, a large chain of hospitals based in Gujarat.
20)He is married to Priti Patel, a daughter of Dr. B D Patel. They have two children.
19) Pankaj is also the chairman of Zydus Hospitals, a large chain of hospitals based in Gujarat.
20)He is married to Priti Patel, a daughter of Dr. B D Patel. They have two children.
21) Their son Dr Sharvil Patel is married to Meha and their daughter Shivani is married to Pranav D Patel.
22) Sharvil has been Cadila's managing director since July 2017.
22) Sharvil has been Cadila's managing director since July 2017.
23) Pankaj along with Dinesh Patel, the chairman of Sintex Industries, purchased a Challenger 604 jet in August 2012.
24) In 2017, he became the president of FICCI. He is also the chairman of the board of governors of the Indian Institute of Technology, Bhubaneswar.
24) In 2017, he became the president of FICCI. He is also the chairman of the board of governors of the Indian Institute of Technology, Bhubaneswar.
25) The company’s Covid-19 vaccine, ZyCoV-D was approved by India's drug regulator for emergency use.
26)They were also one of the key manufacturers of the drugs to treat Covid-19 like as Remdesivir.
27) Under Patel’s leadership, the company grew by more than 25x.
26)They were also one of the key manufacturers of the drugs to treat Covid-19 like as Remdesivir.
27) Under Patel’s leadership, the company grew by more than 25x.
28) Some of the company’s famous products include the blood pressure medicine Aten, Sugar-Free, and Everyuth face wash.
29) Patel is fond of traveling and is interested in theatre.
30)He also has a habit of doodling away on paper while thinking about future projects.
29) Patel is fond of traveling and is interested in theatre.
30)He also has a habit of doodling away on paper while thinking about future projects.
31)Patel is a well-known philanthropist in India. He believes that philanthropic work is more than just donating in monetary terms. It is also about non-monetary aspects like giving your time, ideas, volunteering, etc.
32) Pankaj prefers not to share the details of donations making a greater part of them is undisclosed.
33) Pankaj became fulfilled his father's dream of making Cadila a global enterprise, and his life journey is the epitome of hard work and honesty.
33) Pankaj became fulfilled his father's dream of making Cadila a global enterprise, and his life journey is the epitome of hard work and honesty.
34) Forbes estimates Patel's net worth at $3.9 billion, making him India's 46th richest person.
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