Kallam Anji Reddy Biography, Profile, Net Worth, Forbes Billionaire, Dr.Reddy, Life History

Dr. Kallam Anji Reddy is the Indian Entrepreneur and a Billionaire Business tycoon. Forbes has estimated his net worth US $ 1.0 Billion in 2010 making him India’s Top 50 richest people.

K Reddy was born in 1940 in Tadeepalli in Guntur District, Andhra Pradesh, India.

He is the Founder and chairman of Dr.Reddy’s Laboratories – India’s Second largest pharmaceutical company.

Dr. Reddy has founded in 1984 by Dr. K. Anji Reddy, has become India's second biggest pharmaceutical company. Dr. Anji Reddy had worked in the publicly-owned Indian Drugs and Pharmaceuticals Ltd. Reddy's manufactures and markets a wide range of pharmaceuticals in India and overseas. The company has over 190 medications, 60 active pharmaceutical ingredients for drug manufacture, diagnostic kits,critical care, and biotechnology products.

Education and Personal Life

e spent his early years in the village of Tadepalli near Guntur in Guntur District, where his father grew turmeric.

Reddy graduated from the local high school and went on to get his first Bachelor of science degree from A.C. College at Guntur in 1958. Thereafter he, did his B.Sc.-Tech in Pharmaceuticals and Fine chemicals from Bombay University followed by a Ph.D. in chemical engineering from the National Chemical Laboratory, Pune in 1969.

In 1984, Dr. K. Anji Reddy founded Dr. Reddy's Laboratories and soon the company established new benchmarks in the Indian Pharmaceutical industry. Dr. Reddy's Laboratories transformed Indian bulk drug industry from import-dependent in mid-80s to self-reliant in mid-90s and finally into the export-oriented industry that it is presently. In 1993, Dr. Reddy's became the first company to take up drug discovery research in India and in April 2001 it became the first non-Japanese Asian pharmaceutical company to list on NYSE. By the end of fiscal year 2005, Dr. Reddy's Laboratories was India's second largest pharmaceutical company and the youngest among its peer group.

Presently, Dr. Reddy is a serving member of the Prime Minister's Council on Trade & Industry, Government of India, and has been nominated to the Board of National Institute of Pharmaceutical Education and Research (NIPER).
Dr. K. Anji Reddy is also a philanthropist. He is the founder-Chairman of Dr. Reddy's Foundation for Human & Social Development, a social arm of Dr. Reddy's, which acts as a catalyst of change to achieve sustainable development.