Ranbaxy scandal case study
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Aditi singh ranbaxy.
The rise and fall of Singh brothers' business empire
Former Fortis Healthcare promoter Shivinder Singh said Tuesday that he has moved the National Company Law Tribunal (NCLT) against elder brother Malvinder and ex-Religare chief Sunil Godhwani, while dissociating from his sibling as business partner.
Shivinder also alleged that collective and ongoing actions of his elder brother and Godhwani led to a systemic undermining of the interests of companies and their shareholders.
The Poster Boy of India’s Pharmaceutical Industry
New Delhi-based Ranbaxy Laboratories Ltd, which was once the poster boy of India’s pharmaceutical industry, was founded way back in 1937 by Ranbir Singh and Gurbax Singh as a distributor for a Japanese company, Shionogi.
The name Ranbaxy also came from the names of the founders – (Ran)bir and Gur(bax).
Shivinder also alleged that collective and ongoing actions of his elder brother and Godhwani led to a systemic undermining of the interests of companies and their shareholders.
The Poster Boy of India’s Pharmaceutical Industry
New Delhi-based Ranbaxy Laboratories Ltd, which was once the poster boy of India’s pharmaceutical industry, was founded way back in 1937 by Ranbir Singh and Gurbax Singh as a distributor for a Japanese company, Shionogi.
The name Ranbaxy also came from the names of the founders – (Ran)bir and Gur(bax).
However, in 1952, they sold the business to their cousin, Bhai Mohan Singh and within few years, his son Parvinder Singh took charge of the company.
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