Dilip Shanghvi is an Indian billionaire businessman

one of the country's richest people. He founded Sun Pharmaceuticals

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The Government of India awarded him the civilian honour of the Padma Shri in 2016

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India Today magazine ranked him 8th in India's most powerful people of 2017 list

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According to Forbes, as of October 2021, Shanghvi is the 14th richest person in India with a net worth of US$14.3 billion

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Shanghvi often confused as a Jain originally belongs to a Gujarati Hindu Vaishnav Kapol Vania family settled in Kolkata

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He was born in the small town of Amreli in the Indian state of Gujarat, the son of Shantilal Shanghvi and his wife Kumud Shanghvi

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Shanghvi earned a Bachelor of Commerce degree from the University of Calcutta

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Shanghvi started by helping his father in his business, which was a wholesale dealership of medicines, mainly generic drugs, in Kolkata

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It was during this work that he thought of manufacturing his own drugs instead of selling products made by others

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In 1982, the 27-year-old Shanghvi finally opened his first manufacturing unit with a capital of INR 10,000

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He named his venture Sun Pharmaceutical Industries

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The unit, located in Vapi in his native state of Gujarat, a short drive away from Mumbai, produced exactly one psychiatry drug

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However, the business soon picked up, thanks to Shanghvi's acumen and energy, and by 1997

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Sun Pharma was even able to acquire Caraco Pharma, an American company.Sun also acquired Israel's Taro Pharma in 2007

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Shanghvi stepped down as chairman and CEO in 2012 and chose Israel Makov, formerly CEO of Teva Pharmaceuticals

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