|Alma mater||Bhawanipur Education Society College, University of Calcutta|
|Occupation||Founder and MD of Sun Pharmaceuticals|
|Net worth||US$8.6 billion (January 2019)|
Dilip Shanghvi (born 1 October 1955) is an Indian billionaire businessman and one of the country's richest people. He founded Sun Pharmaceuticals. The Government of India awarded him the civilian honour of the Padma Shri in 2016. India Today magazine ranked him #8th in India's most powerful people of 2017 list.
Dilip Shanghvi hails from a Gujarati Jain family, who was born in the small town of Amreli in Gujarat to Shantilal Sanghvi and Kumud Sanghvi. Shanghvi earned a Bachelor of Commerce degree from the University of Calcutta.He spent his childhood and college life with his parents in the Burrabazar locality of Calcutta. He is an alumnus of J. J. Ajmera High School and Bhawanipur Education Society College, where he did his schooling and graduation, respectively.
Shanghvi started Sun Pharmaceutical Industries with capital of INR 10,000 in 1982 at Vapi, with one psychiatry drug. In 1997, Sun acquired Caraco Pharma, a loss-making American company, with the aim of expanding Sun's reach in the United States. Sun also acquired Israel's Taro Pharma in 2007. Shanghvi stepped down as chairman and CEO in 2012 and chose Israel Makov, formerly CEO of Teva Pharmaceuticals, as his successor; Shangvi became managing director. In April 2014 Sun, Ranbaxy, and Daiichi Sankyo (the majority shareholder in Ranbaxy) agreed that Sun would acquire all outstanding shares of Ranbaxy for $3.2billion in Sun stock and that Sun would take on $800M in Ranbaxy debt; the deal closed in March 2015 and made Sun the largest drug company in India and fifth largest in the world, and made Daiichi the second largest shareholder in Sun.
As of January 2019, he had a net worth of $8.6 billion.
In January 2018, the Indian government appointed Shanghvi to the Reserve Bank of India's 21-member central board committee.. He is chairman of the board of governors at IIT Bombay. He was made a trustee of the Rhodes scholarship programme at Oxford University in 2017.
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