Billionaire Profile
Hasmukh Chudgar & family
Global Rank
#491

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Hasmukh Chudgar & family

CEO, Pharmaceuticals
INDIA
Real-Time Net Worth
$7.609B
Estimated based on Pharmaceuticals stock value as of March 6, 2026
0% (24h)
Age
92
Source
Pharmaceuticals
Industry
Healthcare
Citizenship
INDIA

Biography

Hasmukh Chudgar, a self-made billionaire, founded Intas Pharmaceuticals in 1976, now a global pharmaceutical company. With a current net worth of $7.6 billion, he is recognized as one of the oldest and most successful entrepreneurs in the Indian pharmaceutical industry. His vision was to make quality medicines accessible to a broader population. Chudgar's career is defined by his entrepreneurial values and dedication to improving global healthcare, leading Intas to be a leader in generic drugs.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

Hasmukh Chudgar was born in India in 1935. He grew up in a modest household and developed a strong work ethic and commitment to education, which significantly influenced his later business ventures. He earned a degree in chemistry from Gujarat University, which formed the foundation for his career in pharmaceuticals.

Rise to Success

In 1976, Hasmukh Chudgar founded Intas Pharmaceuticals in Ahmedabad, India. Starting as a small generic drug manufacturing company, Intas focused on producing high-quality, cost-effective medications. His aim was to make essential drugs accessible to more people, both in India and worldwide.

Key Business Strategies

Chudgar's vision and focus on affordable medications drove Intas's growth, expanding its product range across various therapeutic areas. In 2019, Intas launched Eleftha, an affordable drug for breast cancer treatment.

Family Involvement

Hasmukh Chudgar handed over the company's operations to his sons, Nimish and Binish, who continue to lead Intas. His third son, Urmish, heads the company's biopharma business.

Career Milestones

1976

Founded Intas Pharmaceuticals

Founded Intas Pharmaceuticals in Ahmedabad, India, with the goal of producing high-quality, affordable medicines.

2019

Launched Eleftha

Launched Eleftha, an affordable drug to treat breast cancer.

Philanthropy & Social Impact

Healthcare

Intas Welfare Trust

Undisclosed

Hasmukh Chudgar is a trustee of the Intas Welfare Trust, aiding company employees.

Business Philosophy & Leadership

Notable Quotes

""We started small, with a focus on quality and affordability,""

Leadership Principles

Focus on Affordability

Making quality medications accessible to a wider audience.

Strategic Pricing

Focus on affordable and competitive pricing to ensure wider reach.