Net Worth: $6.62 Billion
- Source of Wealth Pharmaceuticals
- Birth Place India
- Marital Status Married to Priti Patel
- Full Name Pankaj Ramanbhai Patel
- Nationality India
- Date of Birth 1951
- Occupation Chairman and Managing Director of Cadillac Healthcare
- Education Gujarat University and University of Mumbai
- Children Sharvil and Shirvani
About Pankaj Patel
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.