Yusuf Hamied
Overview
- Source of Wealth
- Pharmaceuticals
- Industry
- Healthcare
- Residence
- Mumbai
- Education
- University of Cambridge (Doctorate)
- Marital Status
- Married
Assets
- Cipla Ltd.150,500,000 shares @ --500087-IN
Biography
Yusuf Hamied is the non-executive chairman of Mumbai-based generics maker Cipla.
Cipla was founded in 1935 by his father Khwaja Abdul Hamied, a disciple of Mahatma Gandhi.
After the patriarch passed away in 1972, Cambridge-educated Hamied and his brother Mustafa inherited the business.
Hamied took on big pharmaceutical companies, offering low-cost generic drugs for diseases such as AIDS, earning the label of drug pirate.
At the annual shareholders' meeting in 2023, Hamied called reports of a potential stake sale in Cipla by the family to a private equity firm as "speculative."
About
His niece Samina Hamied was Cipla's executive vice-chairman until March 2024.
Renowned music conductor Zubin Mehta is Hamied's childhood pal.
Cambridge University has named a building after him, making him the first Indian to get that honor.