Shivinder & Malvinder Singh

Shivinder & Malvinder Singh
Shivinder & Malvinder Singh
Vikas Khot
At a Glance
  • Age
    38(Shivinder), 40(Malvinder)
  • Earnings
    $2300 Million
  • Source of earnings
    Health care
  • Marital Status
  • Children
    4(Shivinder), 3(Malvinder)
  • Residence

Forbes India Lists

#26 India Rich List 2013


Malvinder and Shivinder Singh, who control hospital chain Fortis Healthcare and financial services firm Religare, are shedding some international assets to focus on the home market. In the past several months they have sold a Hong Kong health care firm, an Australian dental company and a Vietnamese medical chain, for a combined $700 million. In May Japanese pharma firm Daiichi Sankyo, which had bought their holding in Ranbaxy Laboratories in 2008, accused them of misrepresentation after Daiichi agreed to a $500 million settlement for manufacturing lapses uncovered by the U.S. Food & Drug Administration. The brothers denied any wrongdoing and threatened to take Daiichi to court.

India Rich List 2013

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