Lupin Limited founder and Chairman Desh Bandhu Gupta passed away early this morning in Mumbai. He was 79 years old.
Founded by Gupta in 1968, Lupin rose to become the second-largest Indian generics pharmaceutical company by revenue last year. In fact, it is the fourth largest generics pharmaceutical company by market capitalisation in the world.
Even while he was actively involved with the company's day-to-day affairs, Gupta successfully created the next generation of leadership in the company by positioning his daughter and son, Vinita Gupta, as CEO, and Nilesh Gupta, as managing director, respectively, in top roles besides bringing in