Pankaj Patel
Pankaj Patel
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At a Glance
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Age62
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Earnings$ 4.1 Billion
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Source of earningsPharmaceuticals
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Marital StatusMarried
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Children2
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ResidenceAhmedabad
Forbes India Lists
#21 India Rich List 2015
#26 India Rich List Rank 2014
#36 India Rich List Rank 2013
Profile
Pharma tycoon's wealth got boost as his generics maker Cadila Healthcare reported a 47% jump in net earnings in a recent quarter thanks to soaring sales in the U.S. Shares of the $1.3 billion (revenues) firm rose in July after it received U.S. FDA approval to sell a drug to treat chronic pain. Last December Cadila launched a low-cost version of Humira, AbbVies' arthritis drug. The firm denied reports that it was negotiating to buy the injectables business of rival Claris Life Sciences.
