Pailla Malla Reddy
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|Pailla Malla Reddy|
|Born||Sunkishala, Andhra Pradesh, India
(now in Telangana, India)
|Occupation||Chairman, Bactolac Pharmaceutical|
Dr. Pailla Malla Reddy is an Indian American businessman who was born in the village of Sunkishala in Nalgonda district of Andhra Pradesh (now in Telangana) in India. He came from a poor family and worked hard to become an entrepreneur in the pharmaceutical industry. He is now the owner and CEO of Bactolac Pharmaceuticals, Atlantic Essential Products Inc, and ScieGen Pharmaceuticals located in Happague, NY and one of the founders/directors of InvaGen Pharmaceuticals Inc.
Reddy has completed school education at ZPHS. Dr. Reddy has obtained BS dgree in chemistry with a specialization of genetics and botany from Osmania University and Ph.D. in Organic Chemistry from Kanpur University. He obtained the national citizenship of India award from H. D. Deve Gowda former prime minister of India.
Reddy is married to Sadhana Reddy and has two children, Shilpa and Saketh Reddy. He is the son of Pailla Sathi Reddy and Pailla Radhamma, and has 7 siblings. He currently lives in Brookville, NY. He is a huge supporter of the Telugu community both in India and in the United States.
Reddy has more than 22 years of experience in the pharmaceutical field. During his early years, he worked for pharmaceutical companies in Nigeria, Africa and Westbury, New York. He started Bactolac Pharmaceutical in 1995 operating in a 5,000 square feet (460 m2) area in Westbury, New York and over time expanded that into a 300,000 square feet (28,000 m2) company in Happague, NY. Along with Bactolac Pharmaceutical, Reddy is also President and CEO of Atlantic Essential Products Inc and ScieGen Pharmaceutical Companies. Reddy is also one of the founders and Director of InvaGen Pharmaceuticals Inc, New York. His companies have expanded into Russia as well.
More than his success in the pharmaceutical field, he is known for his philanthropy. He donates at least 10 percent of his income every year to various charities and organizations. To date he has given more than Rs 10 crores donation for the construction of roads, high-school, school for the blind,marriage hall, junior college, temples, primary health care and community centre and more. He has also contributed more than Rs 1 crore to the Indo-American Cancer Hospital in Hyderabad. He has donated Rs. 2 crores for construction of the Venkateswara Government Junior College in Nalgonda.