Lupin Ltd. founder and chairman Desh Bandhu Gupta passed away early Monday morning in Mumbai. He was 79 and had been active in office till his last day, the company said. Dr. Gupta founded Lupin in 1968. Lupin is the fourth-largest generics pharmaceutical player by market capitalisation in the world. For FY17, the company reported revenue of ₹17,119 crore, and net profit of ₹2,557 crore.
Vinita Gupta, CEO and Nilesh Gupta, MD, Lupin in a statement said “We are deeply saddened with the demise of our father early this morning. What DBG put in motion 50 years ago in helping to create, innovate and lead in the pharmaceutical space is an unparalleled legacy. We will continue to build on his legacy and live by the values he instilled.”
