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Billionaire Profile
Hasmukh Chudgar & family
Global Rank
#530

Hasmukh Chudgar & family

CEO, Pharmaceuticals
Ahmedabad, India
Real-Time Net Worth
$7.61B
Estimated based on Pharmaceuticals stock value as of September 10, 2026
0% (24h)
Age
92
Source
Pharmaceuticals
Industry
Healthcare
Citizenship
India

Biography

Hasmukh Chudgar, a self-made billionaire, is the founder of Intas Pharmaceuticals, a global pharmaceutical company. With a current net worth of $7.6 billion, he has built a legacy in the healthcare industry. Chudgar's career, spanning over five decades, began with a pharmacy degree from Gujarat University, leading to the establishment of Intas Pharmaceuticals in 1977. His achievements include launching Eleftha, an affordable drug to treat breast cancer. The Chudgar family continues to lead Intas, with his sons Binish, Nimish, and Urmish now managing the company. Intas Pharmaceuticals is recognized for its focus on high-barrier generics and biosimilars, exporting products to over 85 countries.

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Data Updated
Sep 10, 2026
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Wealth Over Time

Net Worth History

YearNet Worth
2026$7.61B
2025$7.60B
2024$7.60B
2023$7.60B

Portfolio Holdings

Intas Pharmaceuticals

Intas Pharmaceuticals

healthcare
Ownership
83.85%
Revenue
$3.50B
Ahmedabad, Gujarat, India
23,000 employees
Founded 1977

In-Depth Profile

Early Life

Hasmukh Chudgar was born in India and pursued a Bachelor of Pharmacy from Gujarat University. Graduating in 1954, he began his journey in the pharmaceutical industry.

Rise to Success

In 1977, Hasmukh Chudgar founded Intas Pharmaceuticals in Ahmedabad, India. Starting as a generics manufacturer, the company grew under his leadership, expanding its operations and product portfolio.

Key Business Strategies

Intas Pharmaceuticals focused on vertical integration and strategic acquisitions to enhance its market position. The acquisition of Actavis UK and Actavis Ireland in 2016 for $764 million was a key move. The company has expanded its global presence, with a strong focus on high-value generics and biosimilars. Chudgar's approach involved maintaining a low profile while ensuring the company's growth through strategic decisions and family leadership.

Philanthropy

Hasmukh Chudgar is known for his commitment to simplicity and entrepreneurial values. He is a trustee of Intas Welfare Trust, which supports the company's employees. While specific philanthropy amounts are not available, his actions reflect a dedication to employee welfare.

Career Milestones

1977

Founded Intas Pharmaceuticals

Established Intas Pharmaceuticals in Ahmedabad, India, focusing on generic drugs.

2016

Acquired Actavis UK and Actavis Ireland

Guided Intas in the acquisition of Actavis UK and Actavis Ireland from Teva Pharmaceuticals.

2019

Launched Eleftha

Launched Eleftha, an affordable drug to treat breast cancer.

Philanthropy & Social Impact

Employee Welfare

Intas Welfare Trust

Supports company employees.

Billionaires Connected to Hasmukh Chudgar & family

Peers in Healthcare

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Richest in India

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Adjacent Global Ranks

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Frequently Asked Questions

What is Hasmukh Chudgar & family's net worth in 2026?
As of 2026, Hasmukh Chudgar & family's estimated net worth is $7.609 billion, ranking #530 among the world's billionaires. The estimate is based on publicly available shareholding data and market prices, updated daily.
How did Hasmukh Chudgar & family make their money?
Hasmukh Chudgar & family's wealth primarily comes from Pharmaceuticals, most notably through Pharmaceuticals.
Where is Hasmukh Chudgar & family from?
Hasmukh Chudgar & family is from India.
How old is Hasmukh Chudgar & family?
Hasmukh Chudgar & family is 92 years old.

Sources & References

  1. Hasmukh Chudgar & family — Forbes profile — Forbes