Pankaj Patel

Birthname

Pankaj Ramanbhai Patel

Birthplace

India

Education

Gujarat University and University of Mumbai

Profession

Businessman

Net worth

$6,620,000,000

Source of Wealth

Pharmaceuticals

Nationality

India

Marital Status

Married to Priti Patel

Children

Sharvil and Shirvani

Pharma tycoon Pankaj Patel has an estimated net worth of $6.62 billion as of July 2017, according to Bloomberg. He is also the 25th richest person in India.

Mr. Patel has earned his estimated net worth of $2.1 billion with Cadillac Healthcare, the fifth largest pharmaceutical company in India which is based at Ahmedabad in Gujarat state. He is the current Chairman and Managing Director of the company co-founded by his father in 1952. Currently, it sells vaccine and SugarFree, the top selling sugar substitute in India. It has a marketing venture with Bayer Healthcare for India.

Cadillac Healthcare acquired another Indian pharmaceutical company called German Remedies in 2001. The company signed an agreement to acquire 100% stake in Quimica e Farmaceutica Nikkho do Brazil Ltda or Nikkho on June 25, 2007 for an estimated $65 million. In 2010, the firm received a prestigious Wellcome Trust Award under the new “R&D for Affordable Healthcare in India” initiative.

Pankaj Patel earned his Bachelor of Pharmacy and Master of Pharmacy degrees both from Gujarat University. He also holds a BA in Science and Law from the University of Mumbai. In 2003, he was named the “Best Pharma Man of the Year” by the Foundation of Indian Industry and Economics in recognition of the company’s growth under his leadership.