Success story of Sun Pharma

In 1983, Sun Pharma moved to Vapi, Gujarat and started with just 5 people and five products. Today the company has expanded into 24 countries with over $21 billion in revenues.

Dilip Shanghvi lived a normal life. His father had a pharmaceutical drugs trading business. In his younger years, Dilip started helping his father’s business. After completing his studies in Commerce from Calcutta University, he decided to start a business of his own. He took a mere Rs 10 thousand and went on to create Sun Pharma in the year 1982. Starting with just 1 employee, Dilip started selling psychiatry medicine in Kolkata. Instead of focusing on generic medicines which would require a field force, he stuck to psychiatry medicines as the number of physiatrists were fewer and could easily be targeted. 

Dilip then realised the worth of making their own products. In 1983, Sun Pharma moved to Vapi, Gujarat and started with just 5 people and five products. Since its inception, this venture has focused on making high-margin chronic care therapy products which have gained massive fortunes for Dilip and his company. Sun Pharma started selling pan-India in 1987. On the ORG Pharma list, the company ranked at 108 position. In 2007, they had climbed to the spot of 6 with a domestic market share of 3.2%. During the same period, they have earned Rs 21,271 crores. 

The company did its IPO in the year 1994 and two years later expanded its horizon in 24 countries. This included some tough and highly regulated markets like Europe and the USA. In 2011, Sun Pharma became the first Indian pharmaceutical company to earn $2 billion with one single product. Sun Pharma had earned that amount with its product Ranbaxy. In 2012, when Sun Pharma acquired URL Pharma Inc. and DUSA Pharmaceuticals Inc. Such acquisitions have cemented the success of Dilip Shanghvi who owns a 60.8% stake in the company with a net worth of over $21 billion.

Tags : #DilipShanghvi #SunPharma #success #pharmaceutical #successstory #smitakumar #medicircle

About the Author

Priyal Shah

Priyal Shah is a graduate of Media from Mithibai College, Mumbai. She is a writer, researcher and avid reader.

Related Stories

Loading Please wait...


Trending Now

Exploring the Link Between Covid-19 Vaccination and Sudden Cardiac Arrests: ICMR StudyNovember 22, 2023
Powering the Future: China's Biodegradable Wireless System for Bioelectronic InnovationNovember 22, 2023
IMS BHU Pioneers Advanced Cardiac Care: Unveiling Cutting-Edge Technologies for Precise DiagnosisNovember 18, 2023
Inito's $6 Million Boost: Transforming Women's Health with AI-Backed Fertility MonitoringNovember 18, 2023
Madras High Court Advocates for Equality: PG Medical Students to Receive Incentive Marks for COVID-19 DutyNovember 18, 2023
Next-Gen Healthcare: CarePods and AI Redefine the Patient ExperienceNovember 17, 2023
Air Quality Crisis: Alarming Rise in Premature Births Linked to Air Quality in Begusarai, BiharNovember 17, 2023
Limerick Contest-2023: A Celebration of Wit and PoetryNovember 17, 2023
IIIT-Hyderabad among top 100 institutions for 5G Use Case LabNovember 17, 2023
Powerful, motivating and inspiring talks marked TEDx Hyderabad Women 2023 which was held with the theme "Two Steps ForwardNovember 17, 2023
Speaking the Diagnosis: How AI in Voice Analysis Is Revolutionizing Diabetes DetectionNovember 17, 2023
FDA Approves Zepbound: A New Medication for Weight Loss by Eli LillyNovember 17, 2023
CoverSelf Raises $8.2 Million in Seed Funding to Revolutionize Healthcare Claims with Innovative Fintech PlatformNovember 16, 2023
From Miracle to Medic: The Extraordinary Journey of India's First Paediatric Liver Transplant RecipientNovember 16, 2023
Combatting Chikungunya: Valneva's Chikungunya Vaccine Cleared by USFDA, Eyes India LaunchNovember 16, 2023
Global Corporate Summit 2023 with the theme Unlocking Opportunities in a Dynamic World heldNovember 16, 2023
2nd IHub-Data Mobility Summit heldNovember 16, 2023
Revolutionary AI-powered technology detects multiple abdominal pathologies simultaneouslyNovember 16, 2023
1 Out of 3 Stroke Patients Suffer Long-Term Health Complications, Says NeurologistNovember 16, 2023
Amrita Hospital, Kochi, Launches App for People with Swallowing DifficultiesNovember 15, 2023