Founder and Chairman of Lupin Limited, Mr. Desh Bandhu Gupta passed away at the age of 79 in Mumbai today. The founder of the Lupin Pharmaceuticals was born in Rajasthan. He successfully completed the Master’s Degree in Chemistry and had the vision to fight life-threatening diseases of highest national priority by delivering good quality medicines at an affordable price. To complete his dream he moved to Mumbai and founded the company in 1968.
Despite appointing his daughter and son as CEO and managing director respectively, Gupta was actively involved with the company’s day-to-day affairs. His efforts have led to a positive impact on the lives of 2.8 million families in 3,463 villages across India. Lupin sells a wide range of branded and generic formulations, biotechnology products, and APIs across more than 100 countries.It is the only Indian pharmaceutical company to have made an entry into Japan, which is one of the toughest pharmaceutical markets in the world.
Now it has become the second-largest Indian generics pharmaceutical company by revenue. Besides, it is the fourth largest generics pharmaceutical company by market capitalization in the world.
His Daughter and son with deep condolence said “We are deeply saddened by the demise of our father early this morning. What DBG (Desh Bandhu Gupta) put in motion 50 years ago in helping to create, innovate, and lead in the pharmaceutical space is an unparalleled legacy. Those who knew and worked with DBG, remember him giving generously and fostering a dynamic environment where people could learn and grow. We will continue to build on his legacy and live by the values he instilled”.
Condolence message from the Lupin family:
