Today, Dilip Shanghvi is known throughout India. He is one of the richest people in the country, the founder of the multinational corporation Sun Pharmaceuticals.

Dilip is also a bright example of a successful self-made man who started his business from scratch.

Let's find out how the young entrepreneur began climbing to the top of the Forbes list.

A fateful decision

The father of the future billionaire owned a small pharmaceutical company, in which Dilip worked as a distributor. One day, Dilip decided to run his own business, for which he borrowed money from his father.

As a result, in 1983, Sun Pharmaceuticals was founded. Its starting capital was about 10 thousand rupees, and the staff consisted of only two people. Who would have thought that the bright future of such a small enterprise was all mapped out?

While thinking about what kind of products his company had to produce, Dilip Shanghvi opted for medical drugs used in psychiatry. Back in those days, such medicines were rarely prescribed, so the novice businessman made a smart move, knowing that he would have few competitors in that field. Moreover, if Sun Pharmaceuticals took on the production of popular antibiotics, a lot of sales representatives would have to be hired. A newly-formed company simply did not have enough resources for that.

A well-deserved result

The launch proved to be successful. Soon, the company acquired its own factory for the production of medicines, and in 1993, a research center was built. The range of manufactured drugs, which was no longer limited to psychiatry alone, expanded.

In 2019, Sun Pharmaceuticals had 32 thousand employees. It should be noted that at the starting stage there were only two employees.

But what about the founder of the company, namely Dilip Shanghvi? Today, he is one of the ten richest people in India. Forbes magazine estimates the businessman’s net worth at $8 billion.

Elements of success

It can be concluded that one of the factors of Dilip Shanghvi’s success was the wise decision that he made in 1983. That decision was based on:

• proper assessment of the market situation;

• adequate assessment of available resources and personal capabilities.

As a result, Dilip chose the right path when he decided not to compete with many other pharmaceutical companies. He focused on a less developed product and occupied a small but nonetheless promising market niche. As you can see, that led to fantastic results.

The ability to soberly assess the situation, calculate options and make the right choice is the art that now anyone can master thanks to the Success Framework Workbook — a strategic tool for shaping a successful future.

Today, this tool is available to residents of India. With its help, anyone can develop business skills and the mindset of a successful entrepreneur.

India is a country with many talented as well as hardworking and rational people, who put their hearts into any project they are passionate about. There is no doubt that such kind of people will be able to demonstrate their ingenuity on many occasions. Why don't you become one of them?

Achieve high goals with Success Framework Workbook!

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