Indian Pharma Entrepreneur With A Passion For Research Joins Billionaire Ranks

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Satyanarayana Chava, founder and CEO of Laurus Labs, saw his personal net worth cross $1.1 billion after shares of his company jumped this week.

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Laurus now has R&D units in Hyderabad, Visakhapatnam and the U.S. as well as eight FDA-approved factories in southern India for contract manufacturing and producing active pharma ingredients and intermediaries. Chava says he is not enamored by his billionaire status. “For me it’s just one part of life—it’s not the only thing,” he says attributing his down-to-earth approach to his modest upbringing.

In 1993, he took up his first corporate job as a research assistant with the erstwhile Ranbaxy Laboratories, a company that was eventually acquired by pharma billionaire Dilip Shanghvi’s Sun Pharmaceuticals. In 1995, he moved to Matrix Labs, a maker of pharma ingredients for HIV drugs, where he worked for the next decade in various divisions, eventually becoming COO. Matrix was taken over by global pharma major Mylan in 2006.

 

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