Divi Murali and L Madhusudhana Rao in the Forbes India's Richest list

Divi Murali: #53 with $1.05 billion
Pharmacist and youngest of 13 siblings, owns 52% of Divi's Laboratories, pharma firm he founded in 1990 after stint partnering with Dr. Reddy's Laboratories. Company makes off-patent generics and does custom manufacturing of patented drugs for big pharma companies. Gets over 90% of its $266 million revenues from international markets. Investing $90 million to expand its manufacturing capacity; its new 350-acre special economic zone in eastern India opened in June.

Lagadapati Madhusudhana Rao: #91 with $495 million
Fortune down 78% as shares of his power producer Lanco Infratech plummeted amid sector slowdown. Inked $716 million deal to buy Australia's Griffin Coal but got slapped with $3.5 billion lawsuit by fertilizer maker Perdeman Chemicals alleging breach of a coal-supply agreement. Tripling power capacity to 9,300 megawatts by 2014 and bidding for power projects in Bangladesh, Indonesia. Brother L. Rajagopal has been member of parliament since 2004.

Comments

tejasubbarao said…

Glad to see this hope they climb fast in the order

Wednesday, November 02, 2011 10:01:00 AM

ravi pujari said…

all d best for them to climb up the ladder to the top

Friday, December 16, 2011 3:06:00 PM

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