K Anji Reddy Net Worth $1.5 Billion
K. Anji Reddy, Indian entrepreneur in the pharmaceutical business, had an estimated net worth of $1.5 billion as of March 2013 according to Forbes. He was likewise the 43rd richest man in the list of India’s Richest People and 974th on earth. Mr. Reddy earned his estimated net worth of $1.5 billion as the founder and chairman of Dr. Reddy’s Laboratories (DRL) Ltd. which he created in 1984 and based in Hyderabad. He was likewise the chairman of Dr. Reddy’s Foundation (DRF), the corporate social responsibility arm of the group which was created in 1996. Currently, DRL has $1.9 billion in sales and is run by his son and son in law. In June, the firm has formed a partnership with Merck Serono, a department of Germany’s Merck, so that you can build up cancer drugs. Additionally, it has a marketing alliance with Glaxo Smith Kline (GSK) and a joint venture with Fujifilm Corp. to develop and sell generic drugs in Japan. Lately, the company was sued by Bristol Myers Squibb for an alleged patent infringement of a cancer drug. Kallam Anji Reddy was born on February 1, 1939 in Tadepalli, Guntur district in India. His daddy was a turmeric farmer. He was a graduate of Bombay University having a B.Sc.-Tech degree specializing in Pharmaceutical Science and Fine Chemicals. He later obtained his Ph.D. in Chemical Engineering from National Chemical Laboratory in June in 1969. He was honored using a Padmabhushan by the Government of India for his contribution to the Indian Pharmaceutical Sector. He was likewise a member of the Indian Prime Minister’s Council on Trade and Industry. Sadly, due to liver cancer, he expired on March 15, 2013.