DRL founder chief Anji Reddy dies

Published: 16th March 2013 09:53 AM  |   Last Updated: 16th March 2013 09:53 AM   |  A+A-

Kallam Anji Reddy, founder of the country’s second largest drug maker Dr Reddy’s Laboratories Ltd (DRL) and the face of the pharma industry, passed away here on Friday following prolonged illness. He was 73.

Reddy was unwell for the past few months from a lung disorder and was admitted to a private hospital. He is survived by his wife K Samrajyam, son K Satish Reddy and daughter G Anuradha.

A pioneer of Indian bulk drugs industry, Reddy was not just an entrepreneur with an uncanny business acumen but also a visionary to embark on new drugs discovery-- the first Indian pharma company to do so -- and make them affordable to common man.

His persistent efforts to discover new molecules to treat diabetes, cardiovascular diseases, inflammation and infections may come to an end with his death.

Reddy quit IDPL following his entrepreneurial instincts to set up pharma firms Uniloids Ltd in 1976 and Standard Organics Ltd, which later culminated in the formation of DRL in 1984. What started with an  investment of `25 lakh as a generics firm has now evolved into a billion-dollar company with a turnover of more than `7,000 crore and giving stiff competition to multi-nationals like Pfizer and GSK.

Stay up to date on all the latest Business news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp