BillionaireNet
family
Hasmukh Chudgar & family
Rank #477
INDIAHealthcarePharmaceuticals

Hasmukh Chudgar & family

Net Worth
$7.609B
0% (24h)
Hasmukh Chudgar, a self-made billionaire, founded Intas Pharmaceuticals in 1977. With an estimated net worth of $7.6 billion as of late 2023, Chudgar, now 90 years old, is a prominent figure in the healthcare industry. The family's wealth stems from their successful pharmaceutical ventures. Chudgar's career began with a degree in pharmacy from Gujarat University, setting the stage for a career dedicated to making essential drugs accessible. Under his leadership and with the involvement of his sons, Nimish, Binish, and Urmish, Intas has grown into a global pharmaceutical powerhouse.

The Full Dossier

Early Life and Education

Hasmukh Chudgar was born in India in 1935. Raised in a modest household, he developed a strong work ethic, which influenced his business endeavors. He earned a degree in pharmacy from Gujarat University.

Rise to Success

In 1977, Hasmukh Chudgar founded Intas Pharmaceuticals in Ahmedabad, India. The company initially focused on producing high-quality, cost-effective medications. Under Chudgar's leadership, Intas grew significantly, expanding its operations organically and through acquisitions. The launch of Eleftha, an affordable breast cancer treatment drug, further highlighted the company's commitment to accessible healthcare.

Key Business Strategies

Chudgar's strategic vision, including focusing on generic drugs, operational efficiency, and innovation, played a crucial role in Intas's success. The company's focus on affordable pricing and quality contributed to its growth. Intas's international arm, Accord Healthcare, has a strong presence in over 70 countries.

Philanthropy

Hasmukh Chudgar is known for his philanthropic efforts, supporting charitable causes in healthcare and education.

Career Timeline

2019

Launched Eleftha

Launched an affordable drug to treat breast cancer.

2016

Acquisition of Actavis UK and Actavis Ireland

Guided Intas in buying Actavis UK and Actavis Ireland.

1977

Founded Intas Pharmaceuticals

Established a generic drug manufacturing company in Ahmedabad, India.

Philanthropic Impact

Healthcare & EducationUnknown

Intas Welfare Trust

Aiding company employees.

Wealth Trajectory