The Singh brothers are serial entrepreneurs known for pulling off one of the best-timed exits in the annals of Indian business.
In 2008, they agreed to sell their family firm and India’s largest drugmaker, Ranbaxy Laboratories, to Japan’s Daiichi Sankyo Co for $4.6 billion — just months before the US Food and Drug Administration (FDA) banned imports at two of its Indian plants. That same year the US Department of Justice launched a probe, eventually resulting in a guilty plea by Ranbaxy and a $500-million fine for selling adulterated drugs. The Singhs were not named in the Ranbaxy probe.
Now,