Samprada Singh

Samprada Singh
Born1925
Jehanabad, Bihar, India
Died27 July 2019 (aged 94)
Mumbai, India[1]
NationalityIndian
Alma materPatna University (B.Com.)
Occupation(s)Founder and chairman of Alkem Laboratories
ChildrenNK Singh
Websitealkemlabs.com

Samprada Singh (1925 – 27 July 2019) was an Indian businessman, who was the founder and chairman of Alkem Laboratories,[2] which develops, manufactures and markets pharmaceutical formulations and nutraceuticals in India. It has operations in Europe, Africa, the Asia Pacific, South America, the United States and India.[3]

In 2017, Samprada Singh had an estimated net worth of $3.3 billion. He died on 27 July 2019.[4]

Early life and business career

Samprada Singh was born in a Bhumihar family [5]in Okri village, Jehanabad, Bihar.[6][7] He graduated from Patna University with Bachelors in Commerce. In 1953 he started a small chemist shop in Patna near PMCH, Patna. Further expanding to medicine distribution business under the banner name of "Magadh Pharma".[8] He founded Alkem Laboratories Ltd along with his younger brother Basudeo Narayan Singh, in 1973 and served as its chairman and his brother is the current executive chairman of Alkem.[2]

Honors and awards

  • In 2009, Pharmaceutical Leadership Summit & Awards founded by Satya Brahma awarded Samprada Singh with a Lifetime Achievement Award for building Alkem as a top Indian Pharma Company.[9]
  • In 2017, Samprada Singh received the Ernst and Young 'Entrepreneur of the Year in Healthcare and Life Sciences'.[10]
  • In 2017, Samprada Singh was ranked as the 43rd richest man in India by Forbes India rich list.[11]
  • In 2018, Samprada Singh was the richest Bihari in India.[citation needed]

References

  1. ^ "Bihar origin Samprada Singh is 48th richest Indian". www.bihartimes.in. Retrieved 18 January 2018.
  2. ^ a b Samprada Singh. "Samprada Singh: Executive Profile & Biography – Businessweek". Bloomberg BusinessWeek. Archived from the original on 30 September 2013. Retrieved 30 September 2013.
  3. ^ Ramesh Narayan (7 February 2008). "A patriarch in winter". Business Line. Retrieved 2 October 2008.
  4. ^ "Alkem Laboratories founder Samprada Singh passes away". The Economic Times. 27 July 2019. Retrieved 27 July 2019.
  5. ^ Anshuman, Kumar (25 March 2018). "The reclusive pharma billionaire & globetrotter who has never lost a Rajya Sabha poll". ThePrint. Retrieved 23 November 2024.
  6. ^ Kumari, Kajal (27 July 2019). "संप्रदा सिंह का निधन : मेडिकल रिप्रजेंटेटिव से बड़े उद्योगपति तक ऐसा रहा जीवन का सफर". Dainik Jagran (in Hindi). Retrieved 15 February 2023.
  7. ^ "Basudeo Singh". Forbes. Retrieved 15 February 2023.
  8. ^ "संप्रदा सिंह: सेल्समैन से करियर की शुरुआत फिर बना डाली 26 हजार करोड़ की दवा कंपनी". News18 हिंदी (in Hindi). 28 July 2019. Retrieved 15 February 2023.
  9. ^ "Samprada Singh of Alkem Labs receives Lifetime Achievement Award". PressReader. Retrieved 8 October 2019.
  10. ^ Announcement (9 April 2009). "Pharma Leadership Summit brings together healthcare fraternity". Business Standard India. Retrieved 22 September 2016.
  11. ^ "India Rich List 2017 - Forbes India Magazine". Forbes. Retrieved 28 January 2023.