Reddy family
Reddy family
At a Glance
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AgeNA
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Earnings$ 2.15 Billion
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Source of earningsPharmaceuticals
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Marital StatusNA
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ChildrenNA
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ResidenceHyderabad
Forbes India Lists
#54 India Rich List 2016
#33 India Rich List Rank 2015
#41 India Rich List Rank 2014
#31 India Rich List Rank 2013
Profile
Fortune linked to India's second-largest drug maker, Dr. Reddy's Laboratories, which is shared by late founder K. Anji Reddy's son Satish Reddy and son-in-law G.V. Prasad, took a hit after a U.S. FDA inspection of 3 of its factories resulted in warnings from the regulator in November. The company, which gets more than 50% of its $2.3 billion in revenue from the U.S., has spent $36 million so far on fixing the problems. It has also been beefing up its portfolio with acquisitions: It bought 6 over-the-counter brands from U.S. drugmaker Ducere Pharma and completed the acquisition of 8 pipeline drugs from Teva Pharmaceuticals Industries and an affiliate of Ireland-based Allergan.
