Mannalal Agrawal
Mannalal Agrawal
At a Glance
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Age69
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Earnings$ 1.85 Billion
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Source of earningsPharmaceuticals
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Marital StatusMarried
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Children3
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ResidenceMumbai
Forbes India Lists
#64 India Rich List 2016
#84 India Rich List Rank 2015
Profile
Cofounder of Ajanta Pharmaceuticals, which he controls with his 2 siblings, gained as the company's shares jumped 40% in the past year on rising sales in India and Africa, its biggest market. The generics maker, which has a presence in more than 30 countries in Asia and Africa, is slowly establishing a foothold in the U.S. The $260 million (revenue) firm has invested $60 million in a new formulations plant in Guwahati in northeastern India. U.S.-educated sons, Yogesh and Rajesh, run the company.
