Glenn Saldanha
Glenn Saldanha
Vikas Khot
At a Glance
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Age42
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Earnings$1190 Million
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Source of earningsPharmaceuticals
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Marital StatusMarried
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Children2
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ResidenceMumbai
Forbes India Lists
#57 India Rich List 2013
Profile
Pharmacist Glenn Saldanha runs family's Glenmark Pharmaceuticals, founded by his father, Gracias, who died in July 2012. Shares of the $815 million (revenues) pharma outfit were up 40% in past year as its generics business grew in markets such as the U.S. and Russia. It also successfully settled patent infringement lawsuits with GSK for its anti-malarial drug and with Nycomed for a skin lotion. In September it secured U.S. FDA approval for a clone of a skin cream made by Taro Pharmaceuticals, a subsidiary of rival Sun Pharma. He shares fortune with his mother Blanche and siblings.
