Desh Bandhu Gupta

About Desh Bandhu Gupta

Birth Day: February 08, 1938
Birth Place: India
Died On: 26 June 2017(2017-06-26) (aged 79)\nMumbai, India
Birth Sign: Pisces
Residence: Mumbai, India
Citizenship: Indian
Alma mater: Bombay University
Occupation: Businessman
Years active: 1968–2017
Organization: Lupin Limited
Known for: Founder and chairman, Lupin Limited
Children: 5, including Vinita D. Gupta and Nilesh Gupta
Website: www.lupinworld.com

Desh Bandhu Gupta Net Worth

Desh Bandhu Gupta was bornon February 08, 1938 in India. Desh Bandhu Gupta, a former chemistry professor who hailed from Rajasthan, moved to Mumbai to work for a multinational pharmaceutical firm. Yearning to do more, he dipped into his wife's savings to buy a tiny vitamin company in 1968 and started focusing on making drugs to treat tuberculosis. The company he founded, Lupin, is India's second largest generics firm and listed on the Bombay stock exchange; in 2016 it drew more than half its $2.5 billion revenues from the U.S. and Japan. In 2013, Gupta formally handed over control of Lupin to two of his U.S-educated children: elder daughter Vinita and son Nilesh. Under the siblings, Lupin has been on an acquisition spree to expand its global footprint, notably in Japan. Gupta died in June 2017 at age 79. He is survived by his wife and 5 children.
Desh Bandhu Gupta is a member of Health care

💰 Net worth: $4.7 Billion

2010 $1.5 Billion
2011 $2.1 Billion
2012 $2.1 Billion
2013 $2.4 Billion
2014 $3.2 Billion
2015 $5.8 Billion
2016 $5.5 Billion
2017 $4.7 Billion
2018 $4.7 Billion

Some Desh Bandhu Gupta images

Biography/Timeline

1938

Gupta was born on 30 November 1938 in Rajgarh, Alwar, Rajasthan, and received a master's degree in chemistry from Bombay University. He was eldest of the five siblings.

1968

Gupta started his career as an associate professor at the Birla Institute of Technology and Science, Pilani, Rajasthan. He quit teaching and decided to be an Entrepreneur as he was "not able to implement ideas into practice". he came to Bombay (now Mumbai) and worked in a small British pharmaceutical Manufacturing company. He founded Lupin in 1968 with a start-up capital of 5000 borrowing the money from his wife. The first office of Lupin was rented premises in Central Mumbai used for dispatching medicines. Later, with a loan from Central Bank of India of 8 lakh, it started a factory whose major order was to provide iron and folic acid tablets to the Government of India programmes related to mother and child Health care. Under his leadership, Lupin became a global pharmaceutical company whose consolidated turnover was 110,866 million (equivalent to 130 billion or US$1.9 billion in 2017) and profit after tax was 18,364 million (equivalent to 21 billion or US$320 million in 2017) at the end of March 2014.

1988

Gupta set up the Lupin Human Welfare & Research Foundation (LHWRF) in October 1988. LHWRF was set up with the objective of creating a reproducible and evolving model for sustainable rural development with a simple goal of uplifting families living below the poverty line in rural India.

2009

Gupta received a Lifetime Achievement Award during the Pharma Leadership Summit 2009. He was also the recipient of the Ernst and Young Entrepreneur of the Year 2011 – Visionary Leader award.

2015

In 2015, Forbes estimated Gupta's net worth at $7.2 billion, making him the 254th richest person in the world.