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#41

Manju D Gupta and Family

Lupin

Net Worth (INR)

₹49,631 Cr

Net Worth (USD)

$5,309 Mn

Location

Mumbai

Industry

Pharmaceuticals

Industry

Pharmaceuticals

Lupin was founded to make affordable tuberculosis drugs. The US generics business that followed is larger, but the founding logic still defines the company.

Lupin was founded in 1968 by D.B. Gupta, who started the company with a focus on tuberculosis drugs at a time when TB was endemic in India and affordable treatment was a genuine public health need. The company's early specialisation in anti-infectives gave it manufacturing capabilities and regulatory experience in complex drugs that proved useful as it expanded into other therapy areas. Manju D. Gupta, his widow, has continued as a significant presence in the business, with their children Vinita Gupta, who serves as CEO, and Nilesh Gupta, Managing Director, running the operational side.

Lupin is now a significant global generics company with a strong position in the US market, where it competes in branded generics and complex formulations. The US business, built through product approvals and distribution relationships accumulated over two decades, generates a substantial portion of group revenues and operates at the high-regulation, high-stakes end of the generic pharmaceuticals market where manufacturing quality, intellectual property management and regulatory relationships are the decisive competitive variables.

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