The document summarizes information about Dilip Shanghvi, the founder and managing director of Sun Pharmaceuticals. It states that he started Sun Pharma in 1982 with just Rs. 10,000 capital and it has now grown to a market cap of over Rs. 1.2 lakh crore. It also mentions that he created history by acquiring Ranbaxy Labs for $4 billion, making Sun Pharma the fifth largest pharma company in the world. The summary provides background on Shanghvi, including that he was born in Gujarat, earned a commerce degree, and started his career helping his father's drug business, which inspired him to start his own drug company.

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Dilip Shanghvi
Founder –Sun Pharmaceuticals
Dilip Shanghvi (born 1 October 1955) is an Indian businessman and one of
the richest persons in India. He is the founder and managing director of Sun
Pharmaceuticals. As of the 2015 Forbes real time ranking, he overtook
the Mukesh Ambani as the richest person in India. The Government of
India awarded him the civilian honour of the Padma Shri in 2016.
Dilip Shanghvi started Sun Pharmaceutical Industries with capital of Rs
10,000 in 1982 at Vapi.. Today, the market cap of the company is more
than Rs 1.20 lakh crore, with total annual income of more than Rs 15,000
crore and a net profit of over Rs 3,000 crore.
Sun, which has so far bought over 16 companies, this year created history
by acquiring Ranbaxy Labs for $4 billion and becoming world's fifth-
largest pharma company.
Early Life and Education
Dilip was born in small town of Amreli in Gujarat on 1 October 1955. Shanghvi earned a Bachelor of
Commerce degree from the University of Calcutta. He is an alumnus ofJ. J. Ajmera High
School and Bhawanipur Education Society College, from where he did his schooling and graduation,
respectively.
Dilip Shanghvi started by helping his father in the latter's wholesale generic drugs business in Kolkata.
He did travel to Mumbai for a year of college, but later returned to Kolkata to complete his studies. It
was during his work as a drugs distributor that he thought of making his own drugs instead of selling
others' products.
This started the journey of Sun Pharma, which was founded with two marketing executives and five
psychiatry drugs in 1982. Back then, very few multinational drug firms would make these drugs, as
their products were selling well.
Career and achievements
Dilip Shanghvi started Sun Pharmaceutical Industries with capital of Rs 10,000 in 1982 at Vapi. Shanghvi
founded Sun Pharmaceuticals in 1983 with five psychiatry products. Today, it is India's largest drugmaker and
most valuable drug company. Appreciation of Sun's stock led to a 50% surge in his personal wealth, amounting
to USD 4.7 billion. As of August 2014, he has a net worth of $17.2 billion, according to the Bloomberg
Billionaire's Index. He has also been named in the list of Asia’s top ten wealthiest self-made billionaires,
according to Wealth-X. Shanghvi is also the Chairman and Managing Director of Sun Pharma Advanced
Research Company and Shantilal Shanghvi Foundation.
In 1997, he acquired Caraco Pharma, a loss-making American company, with the aim of expanding Sun's reach
in the United States and turned them around in no time. Both the deals have paid off; the US now accounts for
60% of Sun's revenue. He also acquired Israel's Taro Pharma in 2007. He is also credited with steering Sun
Pharma to fifth place in the global generic drugs market.
On 19 February 2015, he surpassed Mukesh Ambani as the richest person of India, as his parent company stock
surged.