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Indravadan A Modi – Medicine man India

Indravadan A Modi – Medicine man India

Cadilla Laboratories was established by Mr. Indravadan A. Modi along with Mr. Raman Patel in 1951 in Ahmedabad. In 1995 the company was restructured into two separate companies. These were Cadila Pharmaceuticals to be managed by Mr. Indravadan Modi and Cadila Healthcare which went to his erstwhile partner Mr. Raman Patel. Dr. Rajiv Modi, son of Mr. Indravadan Modi is the current chairman and managing director of Cadila Pharmaceuticals Limited.

Modi, who was the Chairman of Cadila Pharmaceuticals, championed the cause of the pharma industry, and became a rallying point against the new patent regime of the 1970 Act during its consideration stages, a company statement said.

Modi made a foray into pharma in 1951 by setting up Cadila Laboratories.

When the Modi and Patel families decided to split the business in 1995, two entities were formed – Cadila Pharmaceuticals (owned and controlled by I A Modi and Rajiv Modi) and Cadila Healthcare (owned by the Patel family). Rajiv Modi and I A Modi worked closely to run Cadila Pharma, now considered one of the largest privately-held pharma companies in the country, with revenues of around Rs 1200 crore.

After the death of Modi senior, Rajiv Modi became chairman and managing director of Cadila Pharma. He, however, denies that there was any clear-cut transition, as both father and son had worked together to run the company for years. He describes it as more of a natural progression.

Modi is a PhD in Biological Science from the University of Michigan, Ann Arbour, and USA. He is also an MSc in Biochemical Engineering from University College, London and a BTech in Chemical Engineering from the Indian Institute of Technology (IIT), Bombay.

Cadila Pharmaceuticals has its formulation manufacturing facilities at Dholka, Gujarat (India); Samba, Jammu (India) and at Addis Ababa (Ethiopia). The 2 API manufacturing facilities are located at Ankleshwar, Gujarat.

Cadila Pharmaceuticals manufactures and sells finished formulations and active pharmaceutical ingredients (APIs) in 100 countries. The company offers formulations across therapeutic areas, such as cardiovascular, gastrointestinal, analgesics, haematinics, anti-infectives and antibiotics, respiratory agents, antidiabetics and immunologicals.

Facts about Indravadan Modi:-

  • Cadilla Laboratories was established by Mr. Indravadan A. Modi along with Mr. Raman Patel in 1951 in Ahmedabad.
  • Modi made a foray into pharma in 1951 by setting up Cadila Laboratories.
  • He is also an MSc in Biochemical Engineering from University College, London and a BTech in Chemical Engineering from the Indian Institute of Technology (IIT), Bombay.
  • Cadila Pharmaceuticals manufactures and sells finished formulations and active pharmaceutical ingredients (APIs) in 100 countries

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