An eminent industrialist and a visionary Bhai Mohan Singh is the FOUNDER of pharmaceutical giant RANBAXY which has the distinction of being India's FIRST pharmaceutical multinational company. One of the great entrepreneurs of India, Bhai Mohan Singh is known as the FATHER of the Indian pharmaceutical industry. He was decorated with the Padmashree for his notable contribution to the nation and was nominated for the PADAM VIBHUSHAN, nation's highest award, in 2005. He died on 27th March 2006.
HDoyen of Indian pharmaceutical industry and a devout Sikh, Bhai Mohan Singh was born in 1917 in Rawalpindi district of Pakistan to a Hindu father and a Sikh mother. Being descendents of Bhai Gurdas, they prefix Bhai with their names. They migrated to Delhi after partition and started the business of money lending. Ranbaxy was originally an Amritsar based company by two cousins Ranjit Singh and Gurbax Singh who named it RANBAXY after their names. When it was defaulted on a loan, Bhai Mohan Singh purchased it in August 1952 for Rs.2.5 lakh. His son Dr. Parvinder Singh, a visionary having global ambitions, took it to new heights, with a team of professionals like Dr. D.S. Brar coupled with investment in the research.
The production of cheap and quality medicines and aggressive marketing led the company to foreign market particularly the U.S. In the last few years, Ranbaxy took over many overseas pharmaceutical companies, important of which are South Africa's Adcock Ingram in 1999 and again South Africa's fifth largest pharmaceutical firm Be-Tabs Pharmaceutical (P) Ltd. in 2006 and TERAPIA, the largest independent generic company in Romania also in 2006. Dr. Parvinder Singh's sudden death caused a shock to the company. But his trusted lieutenant Dr. D.S. Brar translated his boss's dreams and vision into reality. Dr. Brar stepped down as the CEO and M.D. in Dec. 2003 in favour of Dr. Parvinder Singh's sons Malvinder Mohan Singh and Shivinder Mohan Singh. Malvinder and Shivinder took the company too to its zenith and made the Ranbaxy the nation's largest pharmaceutical company and also a research oriented global pharmaceutical company. They have also promoted Fortis Healthcare, a revolution in health sector.Download Ebook to Read Continue