Lupin founder and chairman Desh Bandhu Gupta, creator of global pharma giant, passes away

New Delhi: Founder and Chairman of pharma major Lupin, Desh Bandhu Gupta passed away this morning in Mumbai.

Gupta (79), founded Lupin in 1968 and created a global pharmaceutical major with a presence in over 100 countries.

He is survived by wife, four daughters and a son.

"We are deeply saddened with the demise of our father early this morning," Lupin CEO Vinita Gupta and MD Nilesh Gupta said in a joint statement.

Lupin founder and Chairman Desh Bandhu Gupta. Image courtesy: Company website

Lupin founder and Chairman Desh Bandhu Gupta. Image courtesy: Company website

The company, however, did not elaborate on the cause of his death.

Gupta, an MSc in Chemistry, helped Lupin become a pioneer in the Indian pharmaceutical landscape.

The company grew from being a domestic Indian pharmaceutical firm to a global pharmaceutical major. It is now the 4th largest generics pharmaceutical player by market capitalisation in the world.

Born in Rajgarh, Rajasthan, Gupta was also a nationalist, who believed in the concept of holistic development. He also set up Lupin Human Welfare and Research Foundation (LHWRF) in 1988 to eradicate poverty by encouraging sustainable development at the grass root level in rural India.

His efforts have led to a positive impact on the lives of 2.8 million families in 3,463 villages across the country, the company said.

Gupta will be remembered for his vision to fight life threatening diseases of the highest national priority by delivering good quality medicines at an affordable price.

Updated Date: Jun 26, 2017 14:18 PM

Also Watch

Social Media Star: Abhishek Bachchan, Varun Grover reveal how they handle selfies, trolls and broccoli
  • Monday, July 16, 2018 It's a Wrap: Soorma star Diljit Dosanjh and Hockey legend Sandeep Singh in conversation with Parul Sharma
  • Monday, July 16, 2018 Watch: Dalit man in Uttar Pradesh defies decades of prejudice by taking out baraat in Thakur-dominated Nizampur village
  • Monday, July 16, 2018 India's water crisis: After govt apathy, Odisha farmer carves out 3-km canal from hills to tackle scarcity in village
  • Sunday, July 15, 2018 Maurizio Sarri, named as new Chelsea manager, is owner Roman Abramovich's latest gamble in quest for 'perfect football'

Also See