Hasmukh Chudgar founded generics maker Intas Pharmaceuticals in 1977. The low-profile self-made billionaire handed over the business to his sons Binish and Nimish who now run the $2.3 billion (revenue) company.
He is the Founder of Intas Pharmaceuticals
- Low profile Hasmukh Chudgar founded generics maker Intas Pharmaceuticals in 1977.
- Chudgar has long handed over operations to his sons Nimish and Binish, who run the $2.3 billion (revenue) company.
- Net worth: $7.6 billion
- Intas , which is backed by Singapore’s Temasek, operates 15 factories of which 10 are in India and the rest in Europe and Mexico.
- In 2019 Intas launched an affordable drug to treat breast cancer called Eleftha, which is similar to Roche’s Herceptin.
- In 2022, the Abu Dhabi Investment Authority bought a 3% stake in Intas from Temasek.
