Rank #502
Hasmukh Chudgar & family
Net worth $7.6B
Pharmaceuticals · India
- Born
- Sep 19, 1933
- Age
- 92
- Source
- Pharmaceuticals
- Residence
- Ahmedabad
- Citizenship
- India
- Marital status
- Married
- Children
- 3
- Education
Net worth over time
Biography
- Low profile Hasmukh Chudgar founded generics maker Intas Pharmaceuticals in 1977.
- Chudgar has long handed over operations to his sons Nimish and Binish, who run the $3.5 billion (revenue) company.
- In August 2025, Intas Pharma acquired biosimilar company Udenyca from California-based Coherus Life Sciences for $558 million.
- The company's portfolio includes an affordable drug to treat breast cancer called Eleftha, which is similar to Roche's Herceptin.
- In 2022, the Abu Dhabi Investment Authority bought a 3% stake in Intas from Temasek.
- Chudgar's third son Urmish heads the company's biopharma business and is a haematologist-oncologist.
- The company's biggest markets are Europe and India.