Seven from healthcare and pharma sector join billionaires club in pandemic-hit 2020
With emergence of seven new billionaire promoters in healthcare & pharmaceutical sector, India now has 17 billionaire promoters, up from 10 last year. FILE PHOTO: People walk past a chemist shop at a market in Mumbai, India, June 25, 2015 (Image Source: Reuters)
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Updated: Jan 10, 2021, 06:36 AM IST
Even as the COVID-19 pandemic struck the world and economies around the globe faltered, the Indian healthcare and pharmaceutical sector saw the emergence of seven new billionaire promoters in 2020, reported Business Standard.
India now has 17 billionaire promoters in the sector, up from 10 last year. Premchand Godha of Ipca Labs, Prathap C Reddy of Apollo Hospitals, Ajanta Pharma s Mannalal Agrawal and Natco Pharma s VC Nannapaneni were some of the new billionaires.
Updated Jan 07, 2021 | 13:11 IST
India now has 17 billionaire promoters in the healthcare and pharma space, up from 10 last year who cumulatively held Rs 4.35 lakh crore or $60 billion at the end of December 2020 Big billions! India minted 7 super-rich promoters (not techpreneurs) in pandemic year 2020 | Photo Credit: Twitter
Key Highlights
India saw the emergence of 7 new billionaire promoters in the healthcare and pharma space alone in calendar year 2020
Total wealth of these 17 billionaires surged by 61% or Rs 1.65 lk cr or $23 bn in 2020 on yearly basis
Mumbai: The year 2020 was indeed unprecedented in terms of sheer destruction caused due the pandemic and unprecedented loss of life. While doctors and healthcare workers were at the frontline battling the Covid-19 outbreak, the promoters in the pharmaceutical and healthcare space were being rewarded by investors and markets.