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#12

Sudhir Mehta and Family

Torrent Pharmaceuticals

Net Worth (INR)

₹132,737 Cr

Net Worth (USD)

$14,200 Mn

Location

Ahmedabad

Industry

Pharmaceuticals

Industry

Pharmaceuticals

Torrent built two strong businesses by refusing to build a third.

The Torrent Group, founded by U.N. Mehta and now run by his sons Sudhir and Samir, has built its reputation on two sectors that reward consistency over brilliance: pharmaceuticals and electricity distribution. Torrent Pharmaceuticals has grown into a business with over 70% of its revenue from international markets, with a particular focus on chronic therapy areas including cardiovascular and central nervous system disorders. It is India's fifth-largest pharmaceutical company by revenue, a position held through steady manufacturing investment and regulatory compliance rather than large acquisitions.

Torrent Power operates as one of India's most efficiently run integrated power utilities, managing generation, transmission and distribution across licensed geographies in Gujarat and other states. In a sector where distribution losses and billing inefficiencies have historically been high across state-owned utilities, Torrent Power's performance has been a consistent outlier. The family has kept both businesses closely held, professionally managed, and focused on their respective core operations. That restraint has served the group well over a long period.

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