Dr. Murali Krishna Prasad Divi, the founder and managing director of Divi’s Laboratories, holds the title of Hyderabad’s richest man. His wealth peaked at around Rs 75,000 crore in 2021, largely driven by the success of his pharmaceutical company during the Covid-19 pandemic, particularly due to the demand for anti-viral drug Molnupiravir.
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Dr. Divi established Divi’s Laboratories in 1990, which has grown to become one of the top three active pharmaceutical ingredient (API) manufacturers worldwide. His company provides essential ingredients for major drugs treating various conditions such as arthritis, depression, and epilepsy.
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Dr. Divi established Divi’s Laboratories in 1990, which has grown to become one of the top three active pharmaceutical ingredient (API) manufacturers worldwide. His company provides essential ingredients for major drugs treating various conditions such as arthritis, depression, and epilepsy.
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One of the major accomplishments of Divi’s Laboratories is its financial discipline. Dr. Divi ensured that the company remained debt-free, having paid off all loans within five years of borrowing. Today, the company holds a strong financial position with Rs 4,000 crore in cash reserves, preparing it for future opportunities.
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Under Dr. Divi’s leadership, the company is now exploring emerging opportunities in green chemistry. The company is investing in the development of peptides like GLP-1 (glutides), which are being used to tackle obesity, positioning Divi’s Labs for continued success in the global pharmaceutical industry.
