The last decade has seen a rise in the list of billionaires in India. From Mukesh Ambani To Shiv Nadar And Savitri JindalThe journey of every business tycoon to the top has been inspiring. However, today we are highlighting the story of a man who rose to scale and rubbed shoulders with Bollywood superstar Amitabh Bachchan in a professional capacity. He even managed to rescue a failing pharma company whose revenue, under his leadership, increased from Rs 54 lakh to Rs 4,422 crore. Born in a farmer family in Rajasthan, this businessman is now one of the richest men in the country.
Meet the billionaire who was once Amitabh Bachchan’s CA, his net worth is Rs 14,435 crore and he saved a struggling pharma company and took it to a market value of Rs 28,000 crore.
Premchand Godha, executive chairman of Mumbai-based pharmaceutical giant Ipca Laboratories, is among India’s richest people with an impressive net worth of $1.7 billion (Rs 14,435 crore). forbes,
The 77-year-old billionaire, who heads the Rs 28,000 crore company, once worked as a Chartered Accountant (CA). bachchan familyThis gave him considerable experience in financial management, a skill that helped him build his empire.
early life
Godha was born in Rajasthan to a farming family and earned a degree in commerce from the University of Rajasthan. According to the report, he then became a certified chartered accountant from the Institute of Chartered Accountants of India dna,
He started his practice in 1971, and in the early years of his professional career, handled all the financial assets of the entire Bachchan family, including the Bollywood Shahenshah. Amitabh Bachchan,
business venture
In 1975, Godha, along with the Bachchan family, invested in the pharmaceutical company Ipca Laboratories, which was on the verge of collapse at that time. However, Godha’s strategic thinking and business acumen helped Ipca Laboratories turn significant losses into large profits. Under his leadership, the company’s revenue grew from Rs 54 lakh to Rs 4,422 crore over the years. The Economic TimesThis happened when the Bachchan family withdrew and sold their stake in 1999 due to several financial difficulties. Before his exit, Amitabh Bachchan’s brother, Ajitabh BachchanAccording to reports, he served as the chairperson of the company in the 1990s dna,
Godha has served as a Director on the Board of Directors of the company since October 31, 1975 and has been its Managing Director since March 1983. Ever since he took over the reins, Ipca Laboratories has expanded its business beyond expectations, and has emerged as a company with great potential. One of the most reputed pharmaceutical companies in the country, with a (current) market value of Rs 28,000 crore. The company is known for manufacturing medicines for diabetes, heart disease, pain management and malaria.
net worth
Over the years, Godha, who has established himself as a talented first-generation entrepreneur, has a net worth of $1.7 billion (Rs 14,435 crore), making him one of the richest men in the country.
