Billionaire Profile

Global Rank

#1997

Image: Public domain | via Wikimedia Commons

Madhusudan Agarwal

CEO, Haldiram's

Real-Time Net Worth

$1.9B

As of December 2025

Age

Source

Indian sweets and snacks

Industry

food-beverage

Citizenship

Biography

Madhusudan Agarwal, a prominent figure in the Indian business landscape, is the Vice Chairman and Co-Founder of Ajanta Pharma. Born in 1955, he has a current estimated net worth of $1.9 Billion. His source of wealth stems from his involvement in the pharmaceutical industry, with Ajanta Pharma's success. His career has spanned over five decades, marked by significant achievements in business, diplomacy, and philanthropy. He has expanded Ajanta Pharma to over 30 countries, demonstrating a commitment to global healthcare. Agarwal's dedication extends beyond business, as he actively participates in social causes. He is also the Honorary Consul of Uganda in Mumbai, further showcasing his commitment to international relations. Agarwal's leadership is rooted in serving global healthcare needs through innovation and compassion. He has been recognized with numerous prestigious awards for his contributions. Agarwal's commitment to creating a lasting impact on society underscores his influential role in both business and humanitarian efforts.

Wealth Over Time

Portfolio Holdings

Ajanta Pharma

In-Depth Profile

Early Life

Madhusudan Agarwal was born on March 29, 1955. Details about his early life and education are limited, but his career trajectory reveals a strong foundation in business acumen and a commitment to social responsibility.

Rise to Success

Agarwal's career took off with his role as the Co-Founder and Vice Chairman of Ajanta Pharma. His leadership was instrumental in expanding the company's reach to over 30 countries. He has over 47 years of experience in the industry. Beyond Ajanta Pharma, Agarwal's ventures include the successful Chinese Wok food chain and the development of Inspira World City.

Key Business Strategies

Agarwal's leadership approach is centered around serving global healthcare needs through innovation, empathy, and technology. His core competencies include corporate affairs, business development, and international business. His focus is on innovation and compassion in all of his business efforts.

Philanthropy

Madhusudan Agarwal is also a dedicated philanthropist. He founded the Mamta & Madhusudan Agrawal Foundation, focusing on cancer eradication and delivering quality healthcare. He has also been involved in providing free cancer screening camps. He has also brought over 100 children from Uganda to India for life-saving heart surgeries, ensuring they receive the best medical care at no cost. Agarwal has also initiated an artificial limb program in Uganda, providing prosthetic limbs to those affected by landmines and accidents.

Career Milestones

1979

Joined Ajanta Pharma

Began his career at Ajanta Pharma, playing a crucial role in its growth.

2018

Donated Mammography Van

Donated a mobile mammography van to the Uganda Cancer Institute, aiding in early cancer detection.

2023

Direct Uganda Airlines flight launch

Facilitated the launch of the first direct Uganda Airlines flight between Mumbai and Uganda.

2024

Awarded Diamond Jubilee Medal

Honored with Uganda's Diamond Jubilee Medal, recognizing his contributions to India-Uganda relations.

2025

Re-appointed as Vice Chairman and Executive Director

Reappointed as Vice Chairman and Executive Director of Ajanta Pharma for a five-year term.

Philanthropy & Social Impact

Healthcare

Sanjeevani Mamta Hospital

Inaugurated in Mumbai to provide healthcare to underprivileged communities.

Healthcare

Paediatric Heart Surgeries

Sponsored 100 paediatric heart surgeries for children in Uganda

Healthcare

Cataract Surgeries

Funded cataract surgeries to save vision in hundreds of patients

Healthcare

Artificial Limb Program

Initiated a program in Uganda to provide prosthetic limbs

Business Philosophy & Leadership

Notable Quotes

"“Serving Global Healthcare Needs through Empathy, Innovation, and. Technology.”"

"“Diplomacy, for me, is about creating real human impact—whether it's access to healthcare or building cultural bridges, every step should aim at making a tangible difference.”"

Leadership Principles

Global Healthcare

Committed to providing global healthcare to those in need, particularly in Uganda.

Empathy

Focusing on healthcare with a sense of care and compassion for those in need.

Innovation and Technology

Embracing new technologies and strategies to create and improve access to care and treatment, making a tangible difference.

Community Development

A dedication to social welfare by providing resources and programs for healthcare, education, prison welfare, and community development.