Ranbaxy Laboratories, one of India's leading pharmaceutical companies has been spearheading the industry with its leading innovations and far reaching business horizons. Ranbaxy Laboratories also holds the credit of being the first Indian multinational company. This article throws light on the reasons behind Ranbaxy's phenomenal success.
Ranbaxy Laboratories (Ranbaxy) is one of India's leading pharmaceutical companies. Under the leadership of, first Parvinder Singh and subsequently, DS Brar, Ranbaxy has made significant progress in its plans to become an international research-based company. The resignation of Brar last year and some other key executives have raised some concerns. But there is no doubt that under the incumbent CEO, Brian Tempest, Ranbaxy is well placed to build on the good work done by Singh and Brar.
Ranbaxy was founded in Amritsar in 1937 by Ranjit Singh and Dr. Gurbax singh, who distributed vitamins and anti-tuberculosis drugs for a Japanese pharmaceutical company. After World War II, Ranbaxy continued as a distributor. In 1951, Ranbaxy took over the North Indian distribution for Lapetit, an Italian pharmaceutical company.
A wealthy trader, Bhai Mohan Singh, joined the company as a partner in 1952. Though he knew little about pharmaceuticals, the business appealed to Bhai Mohan. Bhai Mohan realized that a trader did not enjoy the same status as a manufacturer. The fact that it was considered socially useful at that time strengthened his resolve to enter pharmaceutical manufacturing. |
