Anji Reddy
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Dr. Kallam Anji Reddy holds a Ph.D. from National Chemical Laboratory, Pune India.
In 1984 he founded Dr. Reddy’s Laboratories with a vision to establish India’s first discovery led global pharmaceutical company. Today, the company with revenues of Rs.1947 crore (US $446 million), as of fiscal year 2005 and is India’s second largest pharmaceutical company and the youngest among its peer group.
K. Anji Reddy (B.Sc.-Tech in Pharmaceuticals and Fine chemicals from Bombay University and PhD in Chemical Engineering from National Chemical Laboratory, Pune, 1969) is the founder Chairman of Dr. Reddy’s Laboratories Limited (Dr. Reddy’s). He served in the state-owned Indian Drugs and Pharmaceuticals Limited (1969-75), was founder-Managing Director of Uniloids Ltd (1976-80) and Standard Organics Limited (1980-84), before founding Dr. Reddy’s in 1984.
He spent his early years in the village of Tadepalli in Guntur District, where his father grew turmeric, an Indian spice derived from the rhizome of a ginger-like plant. Reddy graduated from the local high school and went on to get his first bachelor of science degree from A.C College at Guntur City in 1958 [1].
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[edit] Reddy Labs
Under Dr. Anji Reddy’s leadership, Dr. Reddy’s has become a pioneer and a trendsetter in the Indian Pharmaceutical industry. It has turned the Indian bulk drug industry from import-dependent in mid-80s to self-reliant in mid-90s and finally into the export-oriented industry that it is today. Dr. Reddy’s has become the first company to take up drug discovery research in India (1993) and has led the industry from being- dubbed as ‘copycats’ for several years to now being acknowledged as ‘Innovators’. Dr. Reddy’s was listed on the New York Stock Exchange – the first non-Japanese Asian pharmaceutical company to list on NYSE – in April 2001 (RDY).
Dr. Reddy is a serving member of the Prime Minister’s Council on Trade & Industry, Government of India, and has been nominated to the Board of NIPER Mohali. He is also a Member of the Board of Governors of Institute of Chemical Technology, University of Mumbai. Dr. Reddy chairs the Governing Body of Hyderabad Eye Research Foundation and also serves on the Board of Vision Research Foundation, Chennai.
[edit] Social Causes
Naandi Foundation, a not-for-profit development institution that strives for eradication of poverty has Dr. Reddy as its founding father. He is also founder-Chairman of Dr. Reddy’s Foundation for Human & Social Development, a social arm of Dr. Reddy’s, which acts as a catalyst of change to achieve sustainable development.
[edit] Awards and honors
Dr. Reddy has been the recipient of several awards and honors. Notable among them are the Sir PC Ray award, twice conferred on Dr. Reddy by Indian Chemical Manufacturers Association (1984, 1992) and the Federation of Asian Pharmaceutical Associations (FAPA)’s FAPA-Ishidate Award for Pharmaceutical Research in 1998. He was voted Businessman of the Year by India’s leading business magazine Business India in the year 2001. For his pioneering work and introduction of affordable medicine, CHEMTECH Foundation has bestowed on him the Achiever of the Year award in the year 2000 and the ‘Hall of Fame’ award in 2005, for his Entrepreneurship, Leadership and thrust on Innovation. In 2001, he was awarded the Padma Shri.
