Early Life
P.V. Ramprasad Reddy was born on August 15, 1957, in Gudur, Andhra Pradesh, India. His father was a farmer, and his mother was a homemaker. He completed his Bachelor of Commerce (B.Com) and Master of Commerce (M.Com) degrees from Sri Venkateswara University. From a humble background, he started his career as an entry-level clerk in a purchase department.
Rise to Success
In 1986, along with his brother-in-law K. Nityananda Reddy, he co-founded Aurobindo Pharma. The company initially focused on manufacturing semi-synthetic penicillin and expanded into producing various pharmaceutical products. Through strategic decisions and a focus on quality, Aurobindo Pharma expanded its product range and entered international markets. Under Reddy's leadership, the company grew from a small enterprise to one of the largest pharmaceutical companies in India.
Key Business Strategies
Reddy's key business strategies include a focus on producing high-quality generic drugs, particularly for the U.S. and European markets, and a commitment to affordability. Aurobindo Pharma expanded its manufacturing facilities and R&D centers globally. Reddy has been instrumental in making strategic decisions that have propelled Aurobindo Pharma's growth, including entering into global markets and expanding its product portfolio to include anti-retroviral, cardiovascular, and gastroenterological medications. The company gets nearly three-fourths of its revenue from the U.S. and Europe.
Philanthropy
P.V. Ramprasad Reddy is known for his philanthropic activities. He established the Aurobindo Foundation in 1996, which focuses on providing healthcare, education, and social welfare services to the underprivileged. He has donated millions of dollars to various charitable organizations.
