Sudhir & Samir Mehta
#401

Sudhir & Samir Mehta

India

Overview

Source of Wealth
diversified
Industry
Diversified
Residence
Ahmedabad
Education
Gujarat University (Bachelor of Arts/Science)

Assets

  • Torrent Cables
    5,250,000 shares @ -
    -
    523856-IN
  • Torrent Pharmaceuticals
    120,560,000 shares @ -
    -
    500420-IN
  • Torrent Power
    257,440,000 shares @ -
    -
    532779-IN

Biography

Brothers Sudhir & Samir Mehta get the bulk of their wealth from Torrent Pharmaceuticals, flagship of the $3 billion (revenue) Torrent Group.

The 60-year-old company was founded by their late father Uttambhai Nathalal Mehta, who was a salesman for Swiss pharma giant Sandoz.

Their Torrent Power distributes electricity to more than 3 million customers in their home state of Gujarat and two other states.

Torrent Power's shares were up on higher sales in the fiscal year ended March 2019, as well as a rise in profits from its renewable energy business.

About

While Samir runs the pharma unit, older sibling Sudhir's son,Jinal, oversees the power firm.

Their father started his career as a government clerk in 1944 and went on to found the pharma outfit in 1959.