#3061

Mustafa Hamied

India 85 years old

Overview

Source of Wealth
Pharmaceuticals
Industry
Healthcare
Residence
Mumbai
Marital Status
Married
Children
3

Assets

  • Cipla Ltd.
    38,783,000 shares @ -
    -
    500087-IN

Biography

Mustafa Hamied was the non-executive vice chairman of Mumbai generics maker Cipla until September 2024, when he resigned citing his age and health.

Cipla was founded in 1935 by his father Khwaja Abdul Hamied, a disciple of Mahatma Gandhi.

After the patriarch passed away in 1972, Mustafa, a science graduate from Bombay University, inherited the business along with his older brother Yusuf Hamied, also a billionaire.

His daughter Samina, who was executive vice-chairperson of Cipla, stepped down in March 2024. His son Kamil was appointed to the board in September 2024.