Founded by 2 Gujaratis, US drug major Amneal eyes speciality biz in India

Indo-American brothers Chirag and Chintu Patel have built a $1.8-bn drug giant that is set to pip Sun Pharma as the fifth largest generics maker in the US

Two Indian-American brothers hailing from Gujarat, Chirag and Chintu Patel, have built a $1.8-billion drug major Amneal Pharmaceuticals in the US from scratch in around a decade and a half. After its recent merger with Impax Laboratories last month, the combined entity, with revenues of $1.75-1.85 billion, is close to pipping Indian giant Sun Pharmaceutical ($2 billion revenue in 2016-17) as the fifth-largest generics maker in the US. Amneal expects revenues to touch $2.6 billion by 2020.  

The brothers, who spent the first two decades of their lives among a 45-member joint family in India, are, however, cautious about