P.V. Ramaprasad Reddy
P.V. Ramaprasad Reddy
At a Glance
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Age57
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Earnings$ 2.8 Billion
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Source of earningsPharmaceuticals
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Marital StatusMarried
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Children2
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ResidenceHyderabad
Forbes India Lists
#30 India Rich List 2015
#54 India Rich List Rank 2014
Profile
Pharma magnate P.V.Ramaprasad Reddy, who owns 45% of Hyderabad- headquartered Aurobindo Pharma, saw his wealth jump as shares of the $1.94 billion (revenues) company soared 72% ahead of a July bonus issue. Aurobindo, which gets more than 80% of its revenues from international sales, received approvals from the U.S. FDA for its anti-Parkinson and anti-epileptic drugs in June. Last November its U.S. arm bought nutritional-supplement maker Natrol for $133 million in a bid to increase its U.S. footprint.
