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Pankaj Patel

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Pankaj Patel

Pankaj Ramanbhai Patel (born 16 March 1953) is an Indian billionaire businessman, and the chairman of Zydus Lifesciences, the fifth largest pharmaceutical company in India.

In October 2024, Patel was ranked 24th on the Forbes list of India's 100 richest tycoons, with a net worth of $10.2 billion.

In January 2025, he was conferred the Padma Bhushan, the country's third highest civilian award for his contribution in the field of Trade and Industry.

Pankaj Patel is a Gujarati. He was the leader of the Rashtriya Vidhyarthi Parishad and active leader of the Navmiraman Movement. Since he was eight years old, he would go to the factory with his father and would watch employees working on tablets machines. Patel holds Bachelor of Pharmacy and Master of Pharmacy degrees from L.M. College of Pharmacy, Gujarat University, as well as a Bachelor of Arts in Science and Law from the University of Mumbai.

Patel, in 1976 after graduation, joined the firm Cadila Healthcare, which was founded by his father in 1952 to make vitamins.

In 1995, Cadila Laboratories and Cadila Healthcare split under Zydus Group. Zydus's word is taken from the Greek god, Zeus. The letter D was added to Zeus, and it became Zydus. He took charge in 1995 after a formal separation between the two founding families from Zydus Cadila to Zydus Lifesciences and Cadila Healthcare. When he took over the Cadila Healthcare, he was faced with two challenges: His was a Rs. 200-crore company whereas his overheads including management, research, company expenses, and staff worked out to Rs. 400 crore. It was difficult to make two ends meet.

They were the first Indian company to develop a drug for high-cholesterol diabetics. They received approval from regulators in 2013 to sell Lipaglyn, a drug that controls both blood sugar and cholesterol levels and the world's first drug to treat diabetic dyslipidemia. They also make a tablet named Aten (Atenolol) which is used as a medication to control blood pressure.

The Sugar-Free brand created by Zydus Wellness has proved to be ubiquitous sugar substitute and Everyuth face wash also propelled the company to newer heights.[citation needed]

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